Company: CXAI
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001829126-25-002438
Chunk: 1099

Company: CXApp Inc.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 8
Chunk 1099
---
 867

    Total liabilities
     
    $
    11,183

    Stockholders’ equity
     
    $
    25,398

    Total stockholders’ equity
     
    $
    25,398

    Total liabilities and equity
     
    $
    36,581

CXAPP INC. AND SUBSIDIARIES

UNAUDITED PRO FORMA CONSOLIDATED STATEMENTS OF OPERATIONS ANDCOMPREHENSIVE INCOME (LOSS)

(in thousands)

    Year Ended December 31, 2023

    Revenues
     
    $
    7,366

    Net loss
     
    $
    (57,904
    )

    F-23

NOTE 4 – Disaggregation of Revenue

The Company recognizes revenue when control is transferred of the promised products or services to its customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those products or services. The Company derives revenue from software as a service, design and implementation services for its enterprise apps solutions systems, professional services for work performed in conjunction with its systems, and sale of hardware.

Revenues consisted of the following (in thousands):

    Schedule of disaggregation of revenue

    Successor

    Predecessor

    Year ended December 31, 2024

    Period from March 15, 2023, to December 31, 2023

    Period from January 1, 2023, to March 14, 2023

    Subscription revenue

    Software
     
    $
    6,202

    $
    4,560

    $
    1,204

    Total subscription revenue
     
    $
    6,202

    $
    4,560

    $
    1,204

    Non-subscription revenue

    Professional services
     
    $
    798

    $
    1,186

    $
    416

    Hardware

    142

    -

    -

    Total non-subscription revenue
     
    $
    940

    $
    1,186

    $
    416

    Total revenue
     
    $
    7,142

    $
    5,746

    $
    1,620

    Successor

    Predecessor

    Year ended December 31, 2024

    Period from March 15, 2023