Company: XTIA
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032213
Chunk: 171

Company: XTI Aerospace, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 171
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, the Company will pay her (i) $83,333 per month for the first six months of the Loundermon
Consulting Period for services she performs on an as-needed basis during the Loundermon Consulting Period regarding the transition of
the management of the Company’s financial reporting function to ensure continuity of business operations, and (ii) $300 per hour
for services performed on an as needed basis regarding the preparation and filing of Company’s public company financial reporting
and compliance matters including accounting, payroll, audit and tax compliance functions. During the year ended December 31, 2024, the
Company recognized compensation expense of $0.5 million, which is included in general and administrative expenses on the consolidated
statements of operations, relating to Ms. Loundermon’s consulting arrangement. As of December 31, 2024, the Company owed Ms. Loundermon
accrued consulting fees of $0.5 million, which is included in accounts payable within the accompanying consolidated balance sheets.

 Pursuant to the Settlement Agreement, on March
31, 2025, the Company repaid the remaining obligation under the Strategic Transaction Bonus Plan of approximately $0.8 million and the
remaining consulting compensation obligation of approximately $0.3 million owed to Ms. Loundermon. Refer to Note 23 for further disclosure
of the Settlement Agreement.

Note
20 - Net Loss Per Share Attributable to Common Stockholders

The
following table presents the calculation of basic and diluted loss per share attributable to common stockholders (in thousands, except
share and per share data):

    For
    the Years Ended
    December 31, 

    2024  
    2023 
  
    Net
    Loss 
    $(35,603) 
    $(25,066)
  
    Less: Preferred stock
    return and dividend 
     (606) 
     — 
  
    Less:
    Deemed dividend 
     (772) 
     — 
  
    Net
    Loss Attributable to Common Stockholders, basic and diluted 
    $(36,981) 
    $(25,066)
  
    Net
    Loss Per Share - Basic and Diluted 
    $(162.78) 
    $(1,576.48)
  
    Weighted
    Average Shares Outstanding, Basic and Diluted 
     227,193  
     15,900 

The
basic earnings per share calculation for years