Company: CXAI
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001829126-25-009077
Chunk: 0

Company: CXApp Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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CXAPP INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands, except share and per share data)

    September 30, 2025

    December 31, 2024

    (unaudited)

    Assets

    Current Assets

    Cash and cash equivalents
     
    $
    5,088

    $
    4,880

    Accounts receivable

    94

    1,686

    Unbilled and other receivables

    184

    89

    Prepaid expenses and other current assets

    644

    425

    Total current assets

    6,010

    7,080

    Property and equipment, net

    47

    64

    Intangible assets, net

    13,355

    15,404

    Operating lease right-of-use asset, net

    321

    465

    Goodwill

    8,737

    8,737

    Other assets

    73

    53

    Total Assets
     
    $
    28,543

    $
    31,803

    Liabilities and Stockholders’ Equity

    Current Liabilities

    Accounts payable
     
    $
    951

    $
    509

    Accrued liabilities

    2,451

    2,383

    Deferred revenue

    1,573

    2,683

    Warrant liability

    1,472

    5,048

    Operating lease obligation, current

    274

    350

    Promissory note

    -

    603

    Total current liabilities

    6,721

    11,576

    Operating lease obligation, noncurrent

    50

    123

    Convertible debt

    6,538

    4,512

    Total Liabilities
     
    $
    13,309

    $
    16,211

    Commitments and Contingencies

    Stockholders’ Equity

    Class A Common Stock, $0.0001 par value; 200,000,000 shares authorized; 25,850,177 shares issued and outstanding as of September 30, 2025, and 19,221,090 shares issued and outstanding as of December 31