Company: CXAI
Filing Date: 2025-11-12
Form Type: 424B3
Source: 0001829126-25-009079
Chunk: 27

Company: CXApp Inc.
Filing Date: 2025-11-12
Form: 424B3
Chunk 27
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   |
| Total                                           |     |   |           218 |   |     |   |          192 |   |
| Less: accumulated depreciation and amortization |     |   |          (171 | ) |     |   |         (128 | ) |
| Total Property and Equipment, Net               |     | $ |            47 |   |     | $ |           64 |   |

Depreciation expense was approximately
$11
thousand and $35
thousand for the three and nine months ended September 30, 2025, respectively. Depreciation expense was approximately $20 thousand and $64 thousand for the three and nine months ended September 30, 2024, respectively.

NOTE 5 – Goodwill and Intangible Assets

The Company reviews goodwill for impairment on a reporting unit basis annually on November 30 (beginning with fiscal year 2024) and whenever
events or changes in circumstances indicate that the carrying amount may not be recoverable. The carrying amount of goodwill was $8,737 thousand as of September 30, 2025 and December 31, 2024.

We first assess qualitative factors, such as macroeconomic conditions, changes in the business environment, and reporting unit-specific events, to determine whether it is more likely than not that the fair value of a reporting unit is less than it carrying amount. If we bypass the qualitative assessment or conclude that it is more likely than not that the fair value of a reporting unit is less than its carrying value, we perform a quantitative impairment test by comparing the fair value of the reporting unit with its carrying amount. For the quantitative test, we calculate the estimated fair value using a weighting of the income and market approaches.

The Company completed a qualitative as well as quantitative goodwill impairment assessment as of September 30, 2025, and determined that no
impairment was necessary. No goodwill impairment was recognized for the year ended December 31, 2024 based on the annual goodwill impairment evaluation as of November 30, 2024 for the year ended December 31, 2024.

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Intangible assets consisted of the following (in thousands):

| Schedule of intangible assets     |     | September 30, 2025 |     |        |        |     |                          |        |   |     |              |        |     | December 31, 2024 |        |     |              |        |   |     |              |