Company: XTIA
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076767
Chunk: 179

Company: XTI Aerospace, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 179
---
,083)

    Net Loss Per Share, Basic and Diluted 
    $(2.93) 
    $(261.99) 
    $(6.41) 
    $(448.98)

    Weighted Average Shares Outstanding, Basic and Diluted 
     7,121,837  
     58,857  
     5,263,609  
     40,276 

The basic earnings per share calculation for the
three and six months ended June 30, 2025 included 785,700 and 2,661,700 shares of common stock, respectively, issuable upon exercise of
Pre-funded Warrants that were issued in connection with the March Offering and June Offering. These Pre-funded Warrants are considered
penny warrants as the exercise price is $0.001; therefore, they are included in the basic earnings per share calculation.

The basic earnings per share calculation for the
three months ended June 30, 2024 included 839 penny warrant shares, since the exercise price was $0.01 per share. The basic
earnings per share calculation for the six months ended June 30, 2024 included 2,434 penny warrants shares. Additionally, the
basic earnings per share calculation for the six months ended June 30, 2024 included 1,194 shares of common stock that were
issuable to Xeriant related to the joint venture arrangement that expired by its term on May 31, 2023. The shares were issued to Xeriant
for no additional consideration immediately prior to the XTI Merger.

The following potentially dilutive shares were
excluded from the computation of diluted net loss per share attributable to common stockholders for the periods presented, because including
them would have been anti-dilutive (on an as-converted basis):

    For the Three Months Ended June
    30,

      For the Six Months Ended June 30,

    2025

      2024

      2025

    2024

    Options

    50,341

    13,169

    50,761

    8,889

    Warrants

    3,104,234

    3,210

    1,593,397

    2,519

    Convertible preferred stock

    2

    2

    2

    2