Company: XTIA
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076767
Chunk: 58

Company: XTI Aerospace, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 58
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a potential loss, if any.

Commitment
to Nadir Ali

As disclosed in Note 16, pursuant to the Settlement
Agreement, as of June 30, 2025, the Company has a remaining obligation to pay Nadir Ali deferred consulting fees of $1,000,000, which
is included in accounts payable on the condensed consolidated balance sheets; such amount is payable in two equal installments of $500,000
due on September 30, 2025 and December 31, 2025.

34

XTI AEROSPACE, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Note 18 - Net Loss Per Share Attributable to Common Stockholders

The following table presents the calculation
of basic and diluted loss per share attributable to common stockholders (in thousands, except share and per share data):

    For the Three Months Ended June 30,  
    For the Six Months Ended June 30, 

    2025  
    2024  
    2025  
    2024 
  
    Net Loss 
    $(20,858) 
    $(14,710) 
    $(33,730) 
    $(17,312)

    Less: Preferred stock return 
     —  
     (250) 
     (29) 
     (311)
  
    Less: Deemed dividend 
     —  
     (460) 
     —  
     (460)
  
    Net Loss Attributable to Common Stockholders, Basic and Diluted 
    $(20,858) 
    $(15,420) 
    $(33,759) 
    $(18,083)

    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