Company: CXAI
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001829126-25-002438
Chunk: 1194

Company: CXApp Inc.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 9
Chunk 1194
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2023

    Weighted Average Remaining Useful Life (Years)

    Gross Amount

    Accumulated Amortization

    Net Carrying Amount

    Gross Amount

    Accumulated Amortization
     
    Net Carrying Amount

    Trade Name/Trademarks
     
    5.17

    $
    3,294

    $
    (843
    )
     
    $
    2,451

    $
    3,294

    $
    (373)
     
    $
    2,921

    Customer Relationships
     
    3.17

    5,604

    (2,008
    )

    3,596

    5,604

    (887)

    4,717

    Developed Technology
     
    8.17

    8,697

    (1,558
    )

    7,139

    8,697

    (688)

    8,009

    Patents and Intellectual Property
     
    8.17

    2,703

    (485
    )

    2,218

    2,703

    (214)

    2,489

    Totals

    $
    20,298

    $
    (4,894
    )
     
    $
    15,404

    $
    20,298

    $
    (2,162)
     
    $
    18,136

Future amortization expense on intangible assets as of December 31, 2024, is anticipated to be as follows (in thousands):

    Schedule of future amortization expense

    For the Years Ending December 31,
     
    Amount

    2025
     
    $
    2,731

    2026

    2,731

    2027

    2,731

    2028

    1,844

    2029

    1,611

    2030 and thereafter

    3,756

    Total
     
    $
    15,404

NOTE 7 – Deferred Revenue

Deferred revenue consisted of the following (in thousands):

    Schedule of deferred revenue

    Successor

    License Agreement

    ProfessionalServiceAgreements

    Hardware

    Total

    Deferred Revenue - January 1, 2024
     
    $