Company: CXAI
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001829126-25-002438
Chunk: 1744

Company: CXApp Inc.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 8
Chunk 1744
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-25

Intangible assets consisted of the following (in thousands):

    Schedule of intangible assets

    December 31, 2024

    December 31, 2023

    Weighted Average Remaining Useful Life (Years)

    Gross Amount

    Accumulated Amortization

    Net Carrying Amount

    Gross Amount

    Accumulated Amortization
     
    Net Carrying Amount

    Trade Name/Trademarks
     
    5.17

    $
    3,294

    $
    (843
    )
     
    $
    2,451

    $
    3,294

    $
    (373)
     
    $
    2,921

    Customer Relationships
     
    3.17

    5,604

    (2,008
    )

    3,596

    5,604

    (887)

    4,717

    Developed Technology
     
    8.17

    8,697

    (1,558
    )

    7,139

    8,697

    (688)

    8,009

    Patents and Intellectual Property
     
    8.17

    2,703

    (485
    )

    2,218

    2,703

    (214)

    2,489

    Totals

    $
    20,298

    $
    (4,894
    )
     
    $
    15,404

    $
    20,298

    $
    (2,162)
     
    $
    18,136

Future amortization expense on intangible assets as of December 31, 2024, is anticipated to be as follows (in thousands):

    Schedule of future amortization expense

    For the Years Ending December 31,
     
    Amount

    2025
     
    $
    2,731

    2026

    2,731

    2027

    2,731

    2028

    1,844

    2029

    1,611

    2030 and thereafter

    3,756

    Total
     
    $
    15,404

NOTE 7 – Deferred Revenue

Deferred revenue consisted of the following (in thousands):

    Schedule of deferred revenue