Company: CXAI
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001829126-25-006141
Chunk: 27

Company: CXApp Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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    Revenue recognized

    (2,385
    )

    (34
    )

    (28
    )

    (2,447
    )
  
    Revenue deferred

    2,196

    34

    10

    2,240

    Advance from customer

    56

    -

    -

    56

    Deferred Revenue – June 30, 2025
     
    $
    2,471

    $
    61

    $
    -

    $
    2,532

    License Agreements

    Professional Service Agreements

    Hardware

    Total

    Deferred Revenue – January 1, 2024
     
    $
    2,404

    $
    474

    $
    -

    $
    2,878

    Revenue recognized

    (6,202
    )

    (798
    )

    (142
    )

    (7,142
    )
  
    Revenue deferred

    6,402

    385

    160

    6,947

    Deferred Revenue – December 31, 2024
     
    $
    2,604

    $
    61

    $
    18

    $
    2,683

Deferred revenues were approximately $2,532 thousand and $2,683 thousand at June 30, 2025 and December 31, 2024, respectively.

The fair value of the deferred revenue approximates
the services to be rendered. The Company expects to satisfy its remaining performance obligations for these license agreements and professional
services and recognize the deferred revenue over the next twelve months.

    20

NOTE 7 – Accrued Liabilities

Accrued liabilities consisted of the following (in thousands):

    Schedule of accrued liabilities

    June 30, 2025

    December 31, 2024

    Accrued expenses and reimbursements
     
    $
    1,468

    $
    1,690

    Accrued compensation and benefits

    412

    382

    Accrued insurance premium and interest

    168

    23

    Accrued bonus and commissions

    159

    134

    Accrued sales and other indirect taxes payable

    106

    95

    Income tax payables

    47

    46

    Accrued