Company: CXAI
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001829126-25-002438
Chunk: 1365

Company: CXApp Inc.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 11
Chunk 1365
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 $0 thousand.

Goodwill consisted of the following (in thousands):

    Schedule of goodwill

    Acquisition
     
    Amount

    Balance as of March 15, 2023
     
    $
    -

    Acquisition of Legacy CXApp

    44,122

    Measurement Period Adjustments

    671

    Impairment

    (36,056
    )
  
    Balance as of December 31, 2023
     
    $
    8,737

    F-25

Intangible assets consisted of the following (in thousands):

    Schedule of intangible assets

    December 31, 2024

    December 31, 2023

    Weighted Average Remaining Useful Life (Years)

    Gross Amount

    Accumulated Amortization

    Net Carrying Amount

    Gross Amount

    Accumulated Amortization
     
    Net Carrying Amount

    Trade Name/Trademarks
     
    5.17

    $
    3,294

    $
    (843
    )
     
    $
    2,451

    $
    3,294

    $
    (373)
     
    $
    2,921

    Customer Relationships
     
    3.17

    5,604

    (2,008
    )

    3,596

    5,604

    (887)

    4,717

    Developed Technology
     
    8.17

    8,697

    (1,558
    )

    7,139

    8,697

    (688)

    8,009

    Patents and Intellectual Property
     
    8.17

    2,703

    (485
    )

    2,218

    2,703

    (214)

    2,489

    Totals

    $
    20,298

    $
    (4,894
    )
     
    $
    15,404

    $
    20,298

    $
    (2,162)
     
    $
    18,136

Future amortization expense on intangible assets as of December 31, 2024, is anticipated to be as follows (in thousands):

    Schedule of future amortization expense

    For the Years Ending December 31,
     
    Amount

    202