Company: CXAI
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001829126-25-003841
Chunk: 40

Company: CXApp Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 1
Chunk 40
---
 area
     
    $
    (4,527
    )
     
    $
    (657
    )
     
    $
    14

    $
    -

    $
    (5,170
    )

    As of March 31, 2025

    Identifiable assets by geographic area
     
    $
    28,535

    $
    261

    $
    456

    $
    -

    $
    29,252

    Long lived assets by geographic area
     
    $
    14,978

    $
    144

    $
    21

    $
    -

    $
    15,143

    Goodwill by geographic area
     
    $
    8,737

    $
    -

    $
    -

    $
    -

    $
    8,737

    As of December 31, 2024

    Identifiable assets by geographic area
     
    $
    38,143

    $
    627

    $
    434

    $
    (2,623
    )
     
    $
    36,581

    Long lived assets by geographic area
     
    $
    18,269

    $
    320

    $
    148

    $
    -

    $
    18,737

    Goodwill by geographic area
     
    $
    8,737

    $
    -

    $
    -

    $
    -

    $
    8,737

    29

NOTE 17 – Leases

The Company has operating leases for administrative offices in Canada, the Philippines, and the United States. The Manila, Philippines office lease expires in May 2025, the 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 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 for the three months ended March 31, 2025 and for the year ended March 31, 2024 was approximately $107 thousand, and $113 thousand, respectively.

Operating lease liabilities are based on the net present value of