Company: XTIA
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001213900-25-112615
Chunk: 46

Company: XTI Aerospace, Inc.
Filing Date: 2025-11-19
Form: 10-Q
Item: Part I, Item 1
Chunk 46
---
    Net loss by geographic area
     
    $
    (19,886
    )
     
    $
    (1,861
    )
     
    $
    —

    $
    —

    $
    (21,747
    )
  
    As of September 30, 2025:

    Identifiable assets by geographic area
     
    $
    79,565

    $
    19,451

    $
    —

    $
    (51,085
    )
     
    $
    47,931

    Long lived assets by geographic area
     
    $
    754

    $
    900

    $
    —

    $
    —

    $
    1,654

    Goodwill by geographic area
     
    $
    2,227

    $
    6,933

    $
    —

    $
    —

    $
    9,160

    As of December 31, 2024:

    Identifiable assets by geographic area
     
    $
    44,198

    $
    19,763

    $
    11

    $
    (39,681
    )
     
    $
    24,291

    Long lived assets by geographic area
     
    $
    1,053

    $
    1,377

    $
    —

    $
    —

    $
    2,430

    Goodwill by geographic area
     
    $
    3,142

    $
    8,930

    $
    —

    $
    —

    $
    12,072

30

XTI AEROSPACE, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Note 16 - Related Party Transactions

Consulting Agreement with David Brody

David Brody, board member and founder of Legacy
XTI, provided legal and strategic consulting services to Legacy XTI under a consulting agreement between Legacy XTI and Mr. Brody. Pursuant
to an amendment to the consulting agreement entered into in January 2024, an outstanding payable amount of $320,000 was waived by Mr.
Brody, and the consulting agreement terminated in connection with the closing of the XTI Merger. This forgiveness of a related party
payable was accounted for as a capital contribution on the condensed consolidated statement of changes in stockholders’ equity.
During the nine months ended