Company: XTIA
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001213900-25-112615
Chunk: 90

Company: XTI Aerospace, Inc.
Filing Date: 2025-11-19
Form: 10-Q
Item: Part I, Item 1
Chunk 90
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 the nine months ended
September 30, 2024

Net cash used in operating
activities during the nine months ended September 30, 2024 was approximately $14.3 million. The cash flows related to the nine months
ended September 30, 2024 consisted of the following (in thousands):

    Net loss 
    $(21,747)
  
    Non-cash income and expenses 
     (1,134)
  
    Net change in operating assets and liabilities 
     8,576 
  
    Net cash used in operating activities 
    $(14,305)

The non-cash income and expense
of approximately $1.1 million consisted primarily of the following (in thousands):

    $81  
    Depreciation and amortization expenses
  
     431  
    Amortization of intangible assets
  
     177  
    Amortization of right-of-use asset
  
     267  
    Non-cash interest expense, net of interest income
  
     3,844  
    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
  
     (65) 
    Unrealized gain on foreign currency transactions and other
    income and expense items
  
    $(1,134) 
    Total non-cash expenses

The net cash provided by
the change in operating assets and liabilities aggregated approximately $8.6 million and consisted primarily of the following (in thousands):

    $(72) 
    Increase in accounts receivable and other receivables
  
     271  
    Decrease in inventory
  
     279  
    Decrease in prepaid expenses and other current assets and other assets
  
     2,514  
    Increase in accounts payable
  
     5,708  
    Increase in accrued expenses and other liabilities
  
     154  
    Increase in accrued interest
  
     (115) 
    Decrease in deferred revenue
  
     (163) 
    Decrease in operating lease obligation
  
    $8,576  
    Net cash provided by the changes in operating assets and
    liabilities

Cash Flows from Investing Activities for the
nine months ended September 30, 2025 and 2024

Net cash flows used in investing
activities during the nine months ended September 30, 2025