Company: CXAI
Filing Date: 2025-11-12
Form Type: 424B3
Source: 0001829126-25-009079
Chunk: 45

Company: CXApp Inc.
Filing Date: 2025-11-12
Form: 424B3
Chunk 45
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 |   |
| Goodwill by geographic area                    |     | $             |   8,737 |   |     | $      |      - |   |     | $           |    - |   |     | $            | -      |   |     | $     |   8,737 |   |

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NOTE 17 – Leases

The Company has operating leases for administrative
offices in Canada, the Philippines, and the United States. The lease for the Company’s office premises in Manila, Philippines expired
in May 2025. The Company elected not to renew the lease and has since entered into a new lease agreement within the Philippines at a
lower cost. T he Canada lease expires in May 2026, and the United States office lease expires in April 2026. The Company has no other
operating or financing leases with terms greater than 12 months.

Lease expense for operating leases recorded on the condensed consolidated balance sheet is based on the future minimum lease payments recognized on a straight-line basis over the term of the lease plus any variable lease costs. Operating lease expenses, inclusive of short-term and variable lease expenses, recognized in the Company’s unaudited condensed consolidated statement of operations and comprehensive loss for the three and nine months ended September 30, 2025 and September 30, 2024 was approximately $106 thousand and $317 thousand, $109 thousand, and $331 thousand, respectively.

Operating lease liabilities are based on the net present value of the remaining lease payments over the remaining lease term. In determining the present value of lease payments, the Company used its incremental borrowing rate based on the information available at the date of adoption of ASC 842 “Leases” (“ASC 842”). As of September 30, 2025, the weighted average remaining lease term is 1.0 years, and the weighted average discount rate used to determine the operating lease liabilities was 8.0%. As of December 31, 2024, the weighted average remaining lease term is 1.1 years, and the weighted average discount rate used to determine the operating lease liabilities was 8.0%.

| Schedule of operating leases       
 (in thousands)                     |     | Operating Leases |     |   |
|:-----------------------------------|:----|:-----------------|----:|:--|
| Year 2025                          |     | $                | 106 |   |
| Year 2026                          |