Company: XTIA
Filing Date: 2025-05-19
Form Type: 10-Q
Source: 0001213900-25-045396
Chunk: 110

Company: XTI Aerospace, Inc.
Filing Date: 2025-05-19
Form: 10-Q
Item: Part I, Item 8
Chunk 110
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% 
     24%
  
    B 
     17% 
     **  
     **  
     ** 
  
    C 
     16% 
     73% 
     13% 
     32%
  
    D 
     11% 
     **  
     **  
     24%
  
    E 
     **  
     **  
     25% 
     ** 

**Represents less than 10% of the total for the respective
period.

The vendors who account for 10% or more of the
Company’s purchases for the three months ended March 31, 2025 or March 31, 2024 or 10% or more of the Company’s outstanding payable balance
as of March 31, 2025 or March 31, 2024 are presented as follows:

    Percentage of purchases  
    Percentage of accounts payable 

    Three Months Ended March 31,  
    As of March 31, 
  
    Vendor 
    2025   
    2024   
    2025  
    2024 
  
    A 
     11% 
     **  
     **  
     ** 
  
    B 
     10% 
     **  
     **  
     ** 
  
    C 
     **  
     **  
     22% 
     ** 
  
    D 
     **  
     **  
     15% 
     ** 
  
    E 
     **  
     **   
     14% 
     ** 
  
    F 
     **  
     15% 
     **  
     26%

**Represents less than 10% of the total for the respective
period.

10

XTI AEROSPACE, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Intangible Assets and Goodwill

Finite-lived intangible assets primarily consist
of developed technology, patents, customer relationships, and trade names/trademarks. They are amortized ratably over a range of 5 to
15 years, which approximates customer attrition rate and technology obsolescence.

The Company tests goodwill for potential impairment
at least annually, or more frequently