Company: XTIA
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076767
Chunk: 47

Company: XTI Aerospace, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 47
---
: 

    Identifiable assets by geographic area 
    $44,198  
    $19,763  
    $11  
    $(39,681) 
    $24,291 
  
    Long lived assets by geographic area 
    $1,053  
    $1,377  
    $—  
    $—  
    $2,430 
  
    Goodwill by geographic area 
    $3,142  
    $8,930  
    $—  
    $—  
    $12,072 

29

XTI AEROSPACE, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Note 16 - Related Party Transactions

Consulting Agreement with David Brody

David Brody, board member and founder of Legacy
XTI, provided legal and strategic consulting services to Legacy XTI under a consulting agreement between Legacy XTI and Mr. Brody. No
compensation was paid to Mr. Brody during the three and six months ended June 30, 2025. During the three and six months ended June 30,
2024, Legacy XTI paid Mr. Brody consulting compensation of $20,000. Pursuant to an amendment to the consulting agreement entered into
in January 2024, an outstanding payable amount of $320,000 was waived by Mr. Brody, and the consulting agreement terminated in connection
with the closing of the XTI Merger. This forgiveness of a related party payable was accounted for as a capital contribution on the condensed
consolidated statement of changes in stockholders’ equity.

Consulting Agreement
with Scott Pomeroy

Scott Pomeroy and Legacy XTI entered into a consulting
agreement dated July 1, 2022, as amended effective January 1, 2023, that provided for his engagement as Legacy XTI’s Chief Financial
Officer. The agreement provided that Mr. Pomeroy receive a monthly compensation of $17,500. Pursuant to the consulting agreement and
in connection with the closing of the XTI Merger in March 2024, Mr. Pomeroy (i) received 4,000,000 shares (pre-merger, pre-reverse stock
splits) of Legacy XTI common stock valued at $1.9 million as transaction-related compensation and (ii) was entitled to receive a transaction
cash