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

Company: CXApp Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 25
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175

    $
    2,386

    $
    1,504

    $
    3,092

    Non-subscription revenue

    Professional services
     
    $
    20

    $
    33

    $
    262

    $
    492

    Hardware

    28

    28

    -

    -

    Total non-subscription revenue
     
    $
    48

    $
    61

    $
    262

    $
    492

    Total Revenue
     
    $
    1,223

    $
    2,447

    $
    1,766

    $
    3,584

    18

    Three Months Ended June 30, 2025

    Six Months Ended June 30, 2025

    Three Months Ended June 30, 2024

    Six Months Ended June 30, 2024

    Revenue recognized over time(1)(2)
     
    $
    1,195

    $
    2,419

    $
    1,766

    $
    3,584

    Revenue recognized at point in time(3)

    28

    28

    -

    -

    $
    1,223

    $
    2,447

    $
    1,766

    $
    3,584

    (1)
    
    Professional services are also contracted on the fixed fee and time and materials basis. Fixed fees are paid monthly, in phases, or upon acceptance of deliverables. The Company has generally elected the practical expedient to recognize revenue for the right to invoice because the Company’s right to consideration corresponds directly with the value to the customer of the performance completed to date. 
  
    (2)
    
    Software As A Service Subscription Revenue’s performance obligation is satisfied evenly over the service period using a time-based measure because the Company is providing continuous access to its service and service is recognized over time. 
  
    (3)
    Hardware revenue is recognized at a point in time when the control over the goods transfers to the customer - upon delivery to the customers. 

NOTE 4 – Property and Equipment, net

Property and equipment consisted of the following (in thousands):

    Schedule of property and equipment

    June 30,2025

    December 31,2024

    Computer and office equipment
     
    $
    212

    $