Company: CXAI
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001829126-25-003841
Chunk: 18

Company: CXApp Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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uted earnings per share are similarly calculated with the inclusion of dilutive common stock equivalents. For the three months ended March 31, 2025 and March 31, 2024, basic and dilutive net income (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.

    13

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 months ended March 31, 2025 and March 31, 2024.

    Schedule of anti-dilutive shares

    (in thousands)

        Three Months EndedMarch 31,2025

        Three Months Ended
        March 31,
        2024

    Stock options

    1,627

    1,690

    Restricted stock units

    677

    533

    Warrants

    21,032

    21,032

    Total

    23,336

    23,255

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 using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant judgment or estimation. 

Fair value measurements discussed herein are based upon certain market assumptions and pertinent information available to management. The fair value of the warrants has been measured based on the listed market price of such warrants, a Level 1 measurement. The Company recognized, in the condensed consolidated statements of operations and comprehensive income, an unrealized gain