Company: XTIA
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032213
Chunk: 186

Company: XTI Aerospace, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 186
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 PROCEDURES

Disclosure
controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed
by an issuer in the reports that it files or submits under the Exchange Act is accumulated and communicated to the issuer’s management,
including its principal executive and principal financial officers, or persons performing similar functions, as appropriate to allow
timely decisions regarding required disclosure.

Evaluation
of Disclosure Controls and Procedures

We
carried out an evaluation, under the supervision and with the participation of our management, including our chief executive officer
(our principal executive officer) and our chief financial officer (our principal financial and accounting officer), of the effectiveness
of the design and operation of our disclosure controls and procedures as of the end of the period covered by this report. The evaluation
was undertaken in consultation with our accounting personnel. Based on that evaluation, our chief executive officer and our chief financial
officer concluded that as of December 31, 2024, our disclosure controls and procedures were effective to ensure that information
required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported
within the time periods specified in the Securities and Exchange Commission’s rules and forms.

Report
on Internal Control over Financial Reporting

Our
management is responsible for establishing and maintaining adequate internal control over financial reporting, as such term is defined
in Rules 13a-15(f) and 15d-15(f) of the Exchange Act. Our internal control system is designed to provide reasonable assurance regarding
the preparation and fair presentation of financial statements for external purposes in accordance with generally accepted accounting
principles. All internal control systems, no matter how well designed, have inherent limitations and can provide only reasonable assurance
that the objectives of the internal control system are met. We have performed an evaluation of the effectiveness of our internal control
over financial reporting, based on criteria established by the Committee of Sponsoring Organizations of the Treadway Commission (COSO)
in its 2013 Internal Control-Integrated Framework. Based on that evaluation, our management, including our chief executive officer and
chief financial officer, concluded that our internal control over financial reporting was effective as of December 31, 2024.

The
Remediation of Material Weakness 

Management, with the input,
oversight and support of our audit committee, has completed the following steps, which management believes assisted us in remediating
the material weakness in our internal control over financial