Company: XTIA
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001213900-25-112615
Chunk: 191

Company: XTI Aerospace, Inc.
Filing Date: 2025-11-19
Form: 10-Q
Item: Part I, Item 8
Chunk 191
---
    $
    —

    $
    —

    $
    9,160

    As of December 31, 2024:

    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

30

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. 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.
During the nine months ended September 30, 2024, Legacy XTI paid Mr. Brody consulting compensation of $20,000.

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