Company: CXAI
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001829126-25-002438
Chunk: 663

Company: CXApp Inc.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 4
Chunk 663
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 effects of temporary differences attributable to the following:

    Schedule of company’s net deferred tax assets

    (In thousands)
     
    December 31,2024

    December 31,2023

    Organizational costs/startup expenses
     
    $
    1,432

    $
    1,031

    Deferred revenue

    23

    41

    Section 174 - software development cost

    2,187

    1,097

    Stock based compensation

    453

    164

    Research credits

    -

    -

    Other accruals

    16

    50

    Fixed assets

    -

    -

    Other

    2

    -

    Net operating loss carryforward

    4,894

    2,202

    Total deferred tax asset

    9,008

    4,585

    Less: Valuation allowance

    (5,498
    )

    (871
    )

    Deferred tax asset, net of valuation allowance
     
    $
    3,510

    $
    3,714

    December 31,2024

    December 31,2023

    Intangibles
     
    $
    (3,508
    )
     
    $
    (4,338
    )
  
    Property, plant & equipment

    (2
    )

    (13
    )
  
    Other

    -

    Capitalized research

    -

    Total deferred tax liabilities

    (3,510
    )

    (4,351
    )

    Net Deferred Tax Asset (Liability)
     
    $
    -

    $
    (637
    )

    F-35

The income tax provision consists of the following for the years ended December 31, 2024, and 2023:

    Schedule of income tax provision

    Year ended December 31, 2024

    Period fromMarch 15, 2023 to December 31,2023

    Period fromJanuary 1, 2023 toMarch 14,2023

    Foreign

    Current
     
    $
    -

    $
    -

    $
    -

    Deferred

    -

    -

    4,054

    Federal

    Current

    -

    (7
    )

    -

    Deferred

    (5,824
    )

    (2,154