Company: CXAI
Filing Date: 2025-05-09
Form Type: S-1
Source: 0001829126-25-003532
Chunk: 171

Company: CXApp Inc.
Filing Date: 2025-05-09
Form: S-1
Chunk 171
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30, 2024. Noimpairment loss was recognized for the year ended December 31, 2024. The value of goodwill as of December 31, 2024, remains consistent with the post-impairment balance reported as of December 31, 2023.

2023 Impairment Assessment

For the period from March 15, 2023, to December 31, 2023 (Successor), the Company recognized a goodwill impairment loss of $ 36,056thousand. This impairment resulted from declines in market capitalization, revised cash flow projections, and adverse changes in market conditions impacting the recoverability of goodwill. For the period January 1, 2023, to March 14, 2023 (Predecessor), the Company recognized a goodwill impairment loss of $ 0thousand.

Goodwill consisted of the following (in thousands):

| Schedule of goodwill            
 Acquisition                     
 Balance as of March 15, 2023    |     | Amount |       - |   |
|:--------------------------------|:----|:-------|--------:|:--|
| 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   |        |     |