Company: XTIA
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076767
Chunk: 197

Company: XTI Aerospace, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 197
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 million when excluding derivative warrant liabilities;

    2)
    cash and cash equivalents of approximately $20.0 million; and

    3)
    net cash used by operating activities for the six months ended June 30, 2025 of $22 million.

44

The breakdown of our working
capital as of the periods indicated below is as follows (in thousands):

    Working Capital 
    June 30, 2025  
    December 31, 2024  
    $ Change 
  
    Current Assets 

    Cash and cash equivalents 
    $20,046  
    $4,105  
    $15,941 
  
    Accounts receivable, net 
     338  
     706  
     (368)
  
    Other receivables 
     48  
     538  
     (490)
  
    Inventories 
     2,490  
     2,214  
     276 
  
    Prepaid expenses and other current assets 
     1,290  
     1,018  
     272 

    Total Current Assets 
     24,212  
     8,581  
     15,631 

    Current Liabilities 

    Accounts payable and related party payables 
     2,685  
     5,538  
     (2,853)
  
    Accrued expenses and other current liabilities 
     1,822  
     6,703  
     (4,881)
  
    Accrued interest 
     342  
     522  
     (180)
  
    Customer deposits 
     1,350  
     1,350  
     — 
  
    Warrant liability 
     14,564  
     —  
     14,564 
  
    Operating lease obligation, current 
     95  
     119  
     (24)
  
    Deferred revenue 
     979  
     532  
     447 
  
    Short-term debt 
     —  
     2,657  
     (2,657)

    Total Current Liabilities 
     21,837  
     17,421  
     4,416 

    Net Working Capital (Deficit) 
    $2,375  
    $(8,840)