Company: CXAI
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001829126-25-006141
Chunk: 18

Company: CXApp Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 18
---
 basic and diluted earnings per share by dividing net income by the weighted average number of common shares outstanding during the period. Diluted earnings per share are similarly calculated with the inclusion of dilutive common stock equivalents. For the three and six months ended June 30, 2025 and June 30, 2024, basic and dilutive net loss per common share were the same since the inclusion of common shares issuable pursuant to the exercise of options, warrants, and vesting of restricted units in the calculation of diluted net loss per common shares would have been anti-dilutive. 

The following table summarizes the number of common shares and common share equivalents excluded from the calculation of diluted net loss per common share for the three and six months ended June 30, 2025 and June 30, 2024.

    Schedule of anti-dilutive shares

    (in thousands)
     
    Three Months Ended June 30, 2025

    Three Months Ended June 30, 2024

        Six Months EndedJune 30,2025

        Six Months Ended
        June 30,
        2024

    Stock options

    1,800

    1,620

    2,150

    1,548

    Restricted stock units

    677

    533

    1,597

    512

    Warrants

    21,032

    21,032

    21,302

    21,032

    Total

    23,509

    23,185

    25,049

    23,092

Fair Value Measurements

FASB ASC 820, “Fair Value Measurements” (“ASC 820”), provides guidance on the development and disclosure of fair value measurements. The Company follows this authoritative guidance for fair value measurements, which defines fair value, establishes a framework for measuring fair value under generally accepted accounting principles in the United States, and expands disclosures about fair value measurements. The guidance requires fair value measurements be classified and disclosed in one of the following three categories:

    ●
    Level 1: Quoted prices (unadjusted) in active markets that are accessible at the measurement date for identical assets or liabilities. 

    ●
    Level 2: Observable prices that are based on inputs not quoted on active markets but corroborated by market data. 

    ●
    Level 3: Unobservable inputs which are supported by little or no market activity and values determined