Company: CXAI
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001829126-25-003841
Chunk: 53

Company: CXApp Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 1
Chunk 53
---
 Three Months Ended March 31, 2025

        Three Months Ended March 31,
        2024

    Net income (loss)
     
    $
    (1,611
    )
     
    $
    (5,170
    )
  
    Non-cash income and expenses

    (661
    )

    3,051

    Net change in operating assets and liabilities

    1,293

    1,469

    Net cash used in operating activities
     
    $
    (979
    )
     
    $
    (650
    )

Cash Flows from Investing Activities for the three months ended March 31, 2025 and March 31, 2024

Net cash flows used in investing activities during the three months ended March 31, 2025 was approximately $5 thousand compared to net cash flows used in and provided in investing activities for the three months ended March 31, 2024 is $18 thousand. Cash flows related to investing activities during the three months ended March 31, 2025 and March 31, 2024 include $5 thousand and $18 thousand were used for the purchase of property and equipment.

39

Cash Flows from Financing Activities for the three months ended March 31, 2025 and March 31, 2024

There were no cash flows provided by or used in financing activities during three months ended March 31, 2025 or March 31, 2024.

Off-Balance Sheet Arrangements

We do not have any off-balance sheet guarantees, interest rate swap transactions or foreign currency contracts. We do not engage in trading activities involving non-exchange traded contracts.

Contractual Obligations and Commitments

Contractual obligations are cash that we are obligated to pay as part of certain contracts that we have entered during our course of business. Our contractual obligations consist of operating lease liabilities that are included in our balance sheet. As of March 31, 2025, the total obligation for operating leases is approximately $365 thousand, of which approximately $274 thousand is expected to be paid in the next twelve months.

Quantitative and Qualitative Disclosures about Market Risk

Not applicable.

Critical Accounting Policies and Estimates

Our unaudited condensed consolidated financial statements are prepared in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”). In connection with the preparation of our financial statements, we are required to make assumptions and estimates about future events, and apply judgments that affect