Company: CXAI
Filing Date: 2025-05-09
Form Type: S-1
Source: 0001829126-25-003532
Chunk: 169

Company: CXApp Inc.
Filing Date: 2025-05-09
Form: S-1
Chunk 169
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     | $         |        7,142 |     | $ |              5,746 |     | $           |               1,620 |

|                                          |     | Successor |   Year ended 
 December 31, 
         2024 |     |   |        Period from 
 March 15, 2023, to 
       December 31, 
               2023 |     | Predecessor |         Period from 
 January 1, 2023, to 
           March 14, 
                2023 |
|:-----------------------------------------|:----|:----------|-------------:|:----|:--|-------------------:|:----|:------------|--------------------:|
| Revenue recognized over time(1)(2)       |     | $         |        7,000 |     | $ |              5,746 |     | $           |               1,620 |
| Revenue recognized at a point in time(3) |     |           |          142 |     |   |                  - |     |             |                   - |
| Total                                    |     | $         |        7,142 |     | $ |              5,746 |     | $           |               1,620 |

| (1) | Professional services are also contracted on the fixed fee and time and materials basis. Fixed fees are paid monthly, in phases, or upon acceptance of deliverables. The Company has generally elected the practical expedient to recognize revenue for the right to invoice because the Company’s right to consideration corresponds directly with the value to the customer of the performance completed to date. |
| (2) | Software As a Service Subscription Revenue’s performance obligation is satisfied evenly over the service period using a time-based measure because the Company is providing continuous access to its service and service is recognized over time.                                                                                                                                                                   |
| (3) | Hardware revenue is recognized at a point in time when the control over the goods transfers to the customer - upon delivery to the customers.                                                                                                                                                                                                                                                                       |

F-24

NOTE 5 – Property and Equipment, net

Property and equipment consisted of the following (in thousands):

| Schedule of property and equipment              |     |   | December 31, 
         2024 |   |     |   | December 31, 
         2023 |   |
|:------------------------------------------------|:----|:--|-------------:|:--|:----|:--|-------------:|:--|
|