Company: XTIA
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076767
Chunk: 27

Company: XTI Aerospace, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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     317  
     88 
  
    Prepaid consulting/professional fees 
     175  
     15 
  
    Prepaid software 
     102  
     89 
  
    Other 
     138  
     69 
  
    Total prepaid expenses and other current
    assets 
    $1,290  
    $1,018 

Accrued expenses and other current liabilities

Accrued expenses and other current liabilities
as of June 30, 2025 and December 31, 2024 consisted of the following (in thousands):

    As of June 30, 2025  
    As of December 31, 2024 
  
    Accrued transaction bonuses – Strategic Transaction Bonus Plan 
    $—  
    $4,266 
  
    Accrued transaction bonuses – related party 
     —  
     400 
  
    Accrued bonus and commissions 
     762  
     1,163 
  
    Accrued compensation and benefits 
     574  
     446 
  
    Accrued other 
     486  
     428 
  
    Total accrued expenses and other current
    liabilities 
    $1,822  
    $6,703 

18

XTI AEROSPACE, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Note 8 - Debt 

The Company’s outstanding debt consisted of the following at
the periods indicated (in thousands):

  Short-Term Debt  Maturity  June 30, 2025   December 31, 2024   Promissory Note - May 1, 20241  5/1/2025  $—   $1,442   Promissory Note - May 24, 20241  5/24/2025   —    1,426   Unamortized Discounts      —    (211)  Total Short-Term Debt     $—   $2,657                   Long-Term Debt               SBA loan  6/3/2050  $65   $65   Total Long-Term Debt     $65   $65  

1promissory