Company: XTIA
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076767
Chunk: 135

Company: XTI Aerospace, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 135
---
	**  
     	** 
  
    E 
     **  
     12% 
     **  
     23% 
     	**  
     31%
  
    F 
     **  
          	**  
     **  
             **  
     23% 
     ** 

  ** Represents less than 10% of the total for the respective period. 

The vendors who account for 10% or more of the
Company’s purchases or 10% or more of the Company’s outstanding payable balance are presented as follows for the periods
indicated:

    Percentage of purchases  

    For the three months ended 
    June 30,  
    For the six months ended
    June 30,  
    Percentage of accounts
    payable 
  
    Vendor 
    2025  
    2024  
    2025  
    2024  
    As of 
    June 30,
    2025  
    As of
    December 31, 
    2024 
  
    A 
     **  
     11% 
     **  
     **  
     **  
     ** 
  
    B 
     **  
     **  
     **  
     **  
     31% 
     11%
  
    C 
     **  
     **  
     **  
     **  
     13% 
     ** 
  
    D 
     	**  
     	**  
     	**  
     	**  
     	**  
     31%

  ** Represents less than 10% of the total for the respective period. 

10

XTI AEROSPACE, INC. AND
SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED
FINANCIAL STATEMENTS

Intangible Assets and Goodwill

Finite-lived intangible assets primarily consist
of developed technology, patents, customer relationships, and trade names/trademarks. They are amortized ratably over a range of 5 to
15 years, which approximates customer attrition rate and technology obsolescence.

The Company tests goodwill for potential impairment
at least annually, or more frequently if an event or other circumstance indicates that