Company: XTIA
Filing Date: 2025-05-19
Form Type: 10-Q
Source: 0001213900-25-045396
Chunk: 1

Company: XTI Aerospace, Inc.
Filing Date: 2025-05-19
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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1,616  
     6,703 
  
    Accrued interest 
     342  
     522 
  
    Customer deposits 
     1,350  
     1,350 
  
    Warrant liability 
     4,442  
     — 
  
    Operating lease obligation, current 
     91  
     119 
  
    Deferred revenue 
     808  
     532 
  
    Short-term debt 
     —  
     2,657 

    Total Current Liabilities 
     12,515  
     17,421 

    Long Term Liabilities 

    Long-term debt 
     65  
     65 
  
    Operating lease obligation, noncurrent 
     206  
     231 

    Total Liabilities 
     12,786  
     17,717 

    Commitments and Contingencies (Note 18) 

    Mezzanine Equity 

    Representative and placement agent warrants, net of issuance costs
of $40 
     412  
     — 

    Stockholders’ Equity 

    Preferred Stock - $0.001 par value; 5,000,000 shares authorized 

    Series 4 Convertible Preferred Stock - 10,415 shares authorized; 1 share issued and outstanding as of March 31, 2025 and December 31, 2024 
     —  
     — 
  
    Series 5 Convertible Preferred Stock - 12,000 shares authorized; 126 shares issued and outstanding as of March 31, 2025 and December 31, 2024 
     —  
     — 
  
    Series 9 Preferred Stock - 20,000 shares authorized; 0 shares issued and outstanding as of March 31, 2025, and 11,302 and 1,331 shares issued and outstanding as of December 31, 2024 
     —  
     1,331 
  
    Common Stock - $0.001 par value; 500,000,000 shares authorized; 4,787,540 and 1,685,021 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively. 
     5  
     2 
  
    Additional paid-in capital 
     120,513