Company: CXAI
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001829126-25-002438
Chunk: 1336

Company: CXApp Inc.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 11
Chunk 1336
---
62

    Cumulative translation adjustment

    -

    -

    -

    -

    -

    -

    301

    301

    Balance at December 31, 2024

    19,248,390

    $
    2

    -

    $
    -

    $
    92,583

    $
    (77,209
    )
     
    $
    216

    $
    (15,592
    )

The accompanying notes are an integral part of these consolidated financial statements.

F-6

CXAPP INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

    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

    Operating activities

    Net loss
     
    $
    (19,408
    )
     
    $
    (49,238
    )
     
    $
    (4,380
    )
  
    Adjustments to reconcile net loss to net cash used in operating activities

    Depreciation and amortization

    79

    75

    228

    Amortization of intangible assets

    2,732

    2,162

    806

    Amortization of right-of-use asset

    391

    298

    40

    Amortization of debt discount and deferred financing cost

    862

    37

    -

    Accrued interest expense

    817

    16

    -

    Accrued monitoring fee

    273

    -

    -

    Deferred income taxes

    (635
    )

    (3,570
    )

    -

    Provision for credit loss expense

    -

    (11
    )

    -

    Stock-based compensation expense

    2,831

    1,080

    158

    (Gain) loss on foreign currency transactions

    316

    (44
    )

    (32
    )
  
    Loss on change in fair value of derivative liability

    3,152

    4,714

    -

    Loss on debt extinguishment

    1,052

    -

    -

    Gain on contract