Company: CXAI
Filing Date: 2025-03-07
Form Type: 424B3
Source: 0001829126-25-001566
Chunk: 45

Company: CXApp Inc.
Filing Date: 2025-03-07
Form: 424B3
Chunk 45
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 cash and cash equivalents. The Company performs certain credit evaluation procedures and does not require collateral for financial instruments subject to credit risk. The Company believes that credit risk is limited because the Company routinely assesses the financial strength of its customers and, based upon factors surrounding the credit risk of its customers, establishes an allowance for credit losses and, consequently, believes that its accounts receivable credit risk exposure beyond such allowances is limited.

The Company maintains cash deposits with
financial institutions, which, from time to time, may exceed federally insured limits. Any loss incurred or a lack of access to such
funds could have a significant adverse impact on the Company’s financial condition, results of operations, and cash flows.
Cash is also maintained at foreign financial institutions for its Canadian and Philippine subsidiaries. Cash in foreign financial institutions as of September 30, 2024 (Successor) was $31
thousand. Cash in foreign financial institutions as of December 31, 2023 (Successor) was $300
thousand.

The Company has not experienced any losses and
believes it is not exposed to any significant credit risk from cash for the nine months ended September 30, 2024 (Successor), for the period
from March 15, 2023 to September 30, 2023 (Successor), and for the period from January 1, 2023 to March 14, 2023 (Predecessor). However, any
loss incurred or lack of access to such funds could have a significant impact on the Company’s financial condition, results of operations,
and cash flows.

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CXAPP INC. AND SUBSIDIARIES
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</div>

NOTE 15 – Foreign Operations

The Company’s operations are located primarily in the United States, Canada, and the Philippines. Revenues by geographic area are attributed by country of domicile of the Company’s subsidiaries. The financial data by geographic area are as follows (in thousands):

| Schedule                                                             
 of financial data by geographic area                                 
 For the Three Months Ended September 30, 2024 (Successor):           |     | United 
 States |         |   |     | Canada |        |   |     | Philippines |      |   |     | Eliminations |      |   |     | Total |         |   |
|:---------------------------------------------------------------------|:----|:-------|--------:|:--|:----|