Company: XTIA
Filing Date: 2025-05-19
Form Type: 10-Q
Source: 0001213900-25-045396
Chunk: 5

Company: XTI Aerospace, Inc.
Filing Date: 2025-05-19
Form: 10-Q
Item: Part I, Item 1
Chunk 5
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     —  
     (12,872) 
     (12,872)
  
    Balance – March 31, 2025 
     —  
    $—  
     4,787,540  
    $5  
    $120,513  
    $   (155) 
    $(106,434) 
    $13,929 

The accompanying notes are an integral part of
these Condensed Consolidated Financial Statements

5

XTI AEROSPACE, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENT OF CHANGES
IN STOCKHOLDERS’ EQUITY 

For the three months ended March 31, 2024

(Unaudited)

(In thousands, except share data)

    Series 9   

    Accumulated  
       
    Total 

    Preferred Stock at
Redemption Value  
    Common Stock  
    Additional Paid-In  
    Other Comprehensive  
    Accumulated  
    Stockholders’ Equity 

    Shares  
    Amount  
    Shares  
    Amount  
    Capital  
    Loss  
    Deficit  
    (Deficit) 
  
    Balance - January 1, 2024 
    —  
    $—  
    12,791  
    $     —  
    $26,330  
    $             —  
    $(57,959) 
    $    (31,629)
  
    Common and preferred shares issued via merger 
     11,302  
     11,302  
     8,303  
     —  
     14,303  
     —  
     —  
     25,605 
  
    Common shares issued for conversion of debt 
     —  
     —  
     11,551  
     —  
     9,614  
     —  
     —  
     9,614 
  
    Inducement loss on debt conversions 
     —  
     —  
     —  
     —  
     6,732  
     —  
     —  
     6,732 
  
    Common shares issued to Xeriant, Inc. 
     —