Company: CXAI
Filing Date: 2025-03-07
Form Type: 424B3
Source: 0001829126-25-001566
Chunk: 7

Company: CXApp Inc.
Filing Date: 2025-03-07
Form: 424B3
Chunk 7
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 condensed consolidated financial statements.

3

CXAPP INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)</div>

|                                                                                              |     | Successor         
 (unaudited)       
 Nine Months Ended 
 September 30,     
 2024              |         |   |     | Period from    
 March 15, 2023 
 to             
 September 30,  
 2023           |         |   |     | Predecessor     
 Period from     
 January 1, 2023 
 to              
 March 14,       
 2023            |        |   |
|:---------------------------------------------------------------------------------------------|:----|:------------------|--------:|:--|:----|:---------------|--------:|:--|:----|:----------------|-------:|:--|
| Operating activities                                                                         |     |                   |         |   |     |                |         |   |     |                 |        |   |
| Net loss                                                                                     |     | $                 | (15,430 | ) |     | $              | (10,531 | ) |     | $               | (4,380 | ) |
| Adjustments to reconcile net loss to net cash used in operating activities                   |     |                   |         |   |     |                |         |   |     |                 |        |   |
| Depreciation and amortization                                                                |     |                   |      64 |   |     |                |      52 |   |     |                 |    228 |   |
| Amortization of intangible assets                                                            |     |                   |   2,049 |   |     |                |   1,510 |   |     |                 |    806 |   |
| Amortization of right-of-use asset                                                           |     |                   |     297 |   |     |                |     200 |   |     |                 |     40 |   |
| Deferred income taxes                                                                        |     |                   |    (513 | ) |     |                |  (2,957 | ) |     |                 |      - |   |
| Provision for credit loss expense                                                            |     |                   |       - |   |     |                |     (11 | ) |     |                 |        |   |
| Amortization of debt discount and deferred financing cost                                    |     |                   |     678 |   |     |                |       - |