Company: XTIA
Filing Date: 2025-05-19
Form Type: 10-Q
Source: 0001213900-25-045396
Chunk: 12

Company: XTI Aerospace, Inc.
Filing Date: 2025-05-19
Form: 10-Q
Item: Part I, Item 1
Chunk 12
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17% 
     **  
     **  
     ** 
  
    C 
     16% 
     73% 
     13% 
     32%
  
    D 
     11% 
     **  
     **  
     24%
  
    E 
     **  
     **  
     25% 
     ** 

**Represents less than 10% of the total for the respective
period.

The vendors who account for 10% or more of the
Company’s purchases for the three months ended March 31, 2025 or March 31, 2024 or 10% or more of the Company’s outstanding payable balance
as of March 31, 2025 or March 31, 2024 are presented as follows:

    Percentage of purchases  
    Percentage of accounts payable 

    Three Months Ended March 31,  
    As of March 31, 
  
    Vendor 
    2025   
    2024   
    2025  
    2024 
  
    A 
     11% 
     **  
     **  
     ** 
  
    B 
     10% 
     **  
     **  
     ** 
  
    C 
     **  
     **  
     22% 
     ** 
  
    D 
     **  
     **  
     15% 
     ** 
  
    E 
     **  
     **   
     14% 
     ** 
  
    F 
     **  
     15% 
     **  
     26%

**Represents less than 10% of the total for the respective
period.

10

XTI AEROSPACE, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Intangible Assets and Goodwill

Finite-lived intangible assets primarily consist
of developed technology, patents, customer relationships, and trade names/trademarks. They are amortized ratably over a range of 5 to
15 years, which approximates customer attrition rate and technology obsolescence.

The Company tests goodwill for potential impairment
at least annually, or more frequently if an event or other circumstance indicates that the Company may not