Company: XTIA
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001213900-25-112615
Chunk: 9

Company: XTI Aerospace, Inc.
Filing Date: 2025-11-19
Form: 10-Q
Item: Part I, Item 1
Chunk 9
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 431 
  
    Amortization of right-of-use asset 
     100  
     177 
  
    Non-cash interest expense, net of interest income 
     145  
     267 
  
    Stock-based compensation 
     7,527  
     3,844 
  
    Impairment of goodwill 
     4,049  
     — 
  
    Impairment of intangible assets 
     631  
     — 
  
    Change in fair value of convertible notes payable 
     —  
     (12,882)
  
    Loss on extinguishment of debt 
     421  
     6,732 
  
    Warrant issuance expense 
     6,580  
     — 
  
    Change in fair value of warrant liability 
     3,280  
     281 
  
    Change in value of warrant asset 
     —  
     24 
  
    Unrealized gain on foreign currency transactions 
     (2) 
     (123)
  
    Other 
     22  
     34 

    Changes in operating assets and liabilities: 

    Accounts receivable and other receivables 
     (1,293) 
     (72)
  
    Inventories 
     1,016  
     271 
  
    Prepaid expenses and other current assets 
     101  
     247 
  
    Other assets 
     287  
     32 
  
    Accounts payable 
     (1,940) 
     2,514 
  
    Related party payables 
     (51) 
     — 
  
    Accrued expenses and other current liabilities 
     (4,667) 
     5,708 
  
    Accrued interest 
     67  
     154 
  
    Deferred revenue 
     336  
     (115)
  
    Operating lease obligation 
     (98) 
     (163)

    Net Cash Used in Operating Activities 
     (30,356) 
     (14,305)

    Cash Flows (Used in) Provided by Investing Activities 

    Purchase of property and equipment 
     (126) 
     (54)
  
    Cash received in purchase of Inpixon 
     —  
     2,968 
  
    Purchase of intangible asset