Company: CXAI
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001829126-25-009077
Chunk: 3

Company: CXApp Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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 CASH FLOWS

(Unaudited, in thousands)

    Nine Months Ended September 30,

    2025

    2024

    Operating activities

    Net loss
     
    $
    (7,912
    )
     
    $
    (16,072
    )  
  
    Adjustments to reconcile net loss to net cash used in operating activities

    Depreciation and amortization

    35

    64

    Amortization of intangible assets

    2,049

    2,049

    Amortization of right of use asset

    280

    297

    Amortization of debt discount and deferred financing cost

    -

    988

    Accrued interest expense on promissory note and convertible debt

    431

    296

    Accrued monitoring fee on promissory note

    -

    408

    Deferred income taxes

    -

    (513
    )
  
    Stock-based compensation expense

    2,250

    2,345

    (Gain) loss on foreign currency transactions

    (198
    )

    48

    Loss on debt extinguishment

    48

    535

    Change in fair value of derivative liability

    (3,963
    )

    3,592

    Loss on contract to issue common stock

    20

    -

    Loss on asset disposal

    4

    -

    Change in operating assets and liabilities:

    Accounts receivable and other receivables

    1,514

    1,696

    Prepaid expenses and other current assets

    (221
    )

    111

    Other assets

    (19
    )

    -

    Accounts payable

    435

    (200
    ) 
  
    Accrued liabilities

    (96
    )

    573

    Operating lease liabilities

    (295
    )

    (310
    ) 
  
    Deferred revenue

    (1,112
    )

    (536
    ) 
  
    Net cash used in operating activities

    (6,750
    )

    (4,629
    ) 

    Investing
    activities

    Purchases of property and equipment

    (21
    )

    (30
    )
  
    Net cash used in investing activities

    (21
    )

    (30
    )