Company: XTIA
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032213
Chunk: 133

Company: XTI Aerospace, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 133
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     428  
     173 
  
    Total accrued expenses and other current liabilities 
    $6,703  
    $1,127 

F-23

XTI
AEROSPACE, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023

Note
9 - Debt

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

  Short-Term Debt  Maturity  2024   2023   Promissory Note - 2023     $—   $3,071   Promissory Note - 2023 - related party      —    125   Convertible Note - 2021 - related party1      —    1,079   Convertible Note - 20211      —    2,500   Promissory Note - May 1, 20242  5/1/2025   1,442    —   Promissory Note - May 24, 20242  5/24/2025   1,426    —   Unamortized Discounts      (211)   (50)  Unamortized Loan Costs      —    (35)  Total Short-Term Debt     $2,657   $6,690                   Long-Term Debt               SBA Loan  6/30/2050  $65   $65   Convertible notes, at fair value1      —    16,804   Convertible Note - 20171      —    1,987   Convertible Note - 20221      —    600   Convertible Note - 20231      —    300   Unamortized Discounts      —    (1,210)  Total Long-Term Debt     $65   $18,546  

1principal
balance was either converted to equity immediately prior to the XTI Mer