Company: CXAI
Filing Date: 2025-03-07
Form Type: 424B3
Source: 0001829126-25-001566
Chunk: 32

Company: CXApp Inc.
Filing Date: 2025-03-07
Form: 424B3
Chunk 32
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 | $ |             5,481 |     | $ |          4,027 |     | $           |           1,620 |

| (1) | Professional services are also contracted on the fixed fee and time and materials basis. Fixed fees are paid monthly, in phases, or upon acceptance of deliverables. The Company has generally elected the practical expedient to recognize revenue for the right to invoice because the Company’s right to consideration corresponds directly with the value to the customer of the performance completed to date. |
| (2) | Software As A Service Subscription Revenue’s performance obligation is satisfied evenly over the service period using a time-based measure because the Company is providing continuous access to its service and service is recognized over time.                                                                                                                                                                   |
| (3) | Hardware revenue is recognized at a point in time when the control over the goods transfers to the customer - upon delivery to the customers.                                                                                                                                                                                                                                                                       |

<div align='center'>19

CXAPP INC. AND SUBSIDIARIES
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</div>

NOTE 5 – Property and Equipment, net

Property and equipment consisted of the following (in thousands):

| Schedule of property and equipment              |     |   | September 30, 
          2024 |   |     |   | December 31, 
         2023 |   |
|:------------------------------------------------|:----|:--|--------------:|:--|:----|:--|-------------:|:--|
| Computer and office equipment                   |     | $ |           199 |   |     | $ |          179 |   |
| Furniture and fixtures                          |     |   |            13 |   |     |   |           12 |   |
| Leasehold improvements                          |     |   |             6 |   |     |   |            6 |   |
| Software                                        |     |   |             1 |   |     |   |            1 |   |
| Total                                           |     |   |           219 |   |     |   |          198 |   |
| Less: accumulated depreciation and amortization |     |   |          (139 | ) |     |   |          (83 | ) |
| Total Property and Equipment, net               |     | $ |            80 |   |     | $ |          115 |   |

Depreciation and amortization expense were approximately $20 thousand