Company: XTIA
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076767
Chunk: 204

Company: XTI Aerospace, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 204
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 and amortization expenses
  
     235  
    Amortization of intangible assets
  
     92  
    Amortization of right-of-use asset
  
     173  
    Non-cash interest expense, net of interest income
  
     5,733  
    Stock-based compensation
  
     (12,882) 
    Change in fair value of convertible notes payable
  
     6,732  
    Loss on extinguishment of debt
  
     281  
    Change in fair value of warrant liability
  
     (13) 
    Other
  
    $398  
    Total non-cash expenses

The net cash provided by the
change in operating assets and liabilities aggregated approximately $8.7 million and consisted primarily of the following (in thousands):

    $309  
    Decrease in accounts receivable and other receivables
  
     302  
    Decrease in inventory, prepaid expenses and other current assets and other assets
  
     1,981  
    Increase in accounts payable
  
     6,494  
    Increase in accrued expenses and other liabilities
  
     86  
    Increase in accrued interest
  
     (354) 
    Decrease in deferred revenue
  
     (94) 
    Decrease in operating lease obligation
  
    $8,724  
    Net cash provided by the changes in operating assets and liabilities

Cash Flows from Investing Activities for the
six months ended June 30, 2025 and 2024

Net cash flows used in investing
activities during the six months ended June 30, 2025 was approximately $0.1 million. Net cash flows provided by investing activities during
the six months ended June 30, 2024 was approximately $2.9 million. Cash flows related to investing activities during the six months ended
June 30, 2024 consist primarily of the cash assumed from Legacy Inpixon in connection with the XTI Merger.

49

Cash Flows from Financing Activities for the
six months ended June 30, 2025 and 2024

Net cash flows provided by
financing activities during the six months ended June 30, 2025 was approximately $37.7 million. During the six months ended June 30, 2025,
the Company received incoming cash flows of $1.7 million from the now expired ATM, $36.4 million from the sale of common stock and warrants
via three public offerings, and