Company: XTIA
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032213
Chunk: 100

Company: XTI Aerospace, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 100
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 599 
  
    Net use of cash in the changes in operating assets and liabilities 
    $2,342 

51

Cash Flows
from Investing Activities as of December 31, 2024 and 2023

Net
cash flows provided by investing activities during the year ended December 31, 2024 was approximately $2.9 million compared to $0.02 million
for the year ended December 31, 2023. Cash flows related to investing activities during the year ended December 31, 2024 consist primarily
of the cash assumed from Legacy Inpixon in connection with the XTI Merger.

Cash Flows
from Financing Activities as of December 31, 2024 and 2023

Net
cash flows provided by financing activities during the year ended December 31, 2024 was $23.6 million.  During the year ended December
31, 2024, the Company received incoming cash flows of approximately $22.2 million from the ATM, $2.0 million from promissory notes issued
to Streeterville Capital, LLC, and approximately $1.0 million in proceeds from an existing promissory note arrangement with Legacy Inpixon.
During the year ended December 31, 2024, the Company repaid approximately $0.9 million towards outstanding promissory notes and redeemed
approximately $0.8 million of Series 9 preferred stock.

Net
cash flows provided by financing activities during the year ended December 31, 2023 was $4.1 million. During the year ended December
31, 2023, the Company received proceeds of $0.8 million from the issuance of convertible notes, received $0.2 million in proceeds from
the sale of common stock, and received $3.1 million in proceeds from promissory notes with David Brody and Legacy Inpixon.

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.

Recently
Issued Accounting Standards

For
a discussion of recently issued accounting pronouncements, please see Note 3 to our financial statements, which are included in this
report beginning on page F-1.

ITEM
7A: QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

As
a smaller reporting company, we