Company: XTIA
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076767
Chunk: 1

Company: XTI Aerospace, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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 1,822  
     6,703 
  
    Accrued interest 
     342  
     522 
  
    Customer deposits 
     1,350  
     1,350 
  
    Warrant liability 
     14,564  
     — 
  
    Operating lease obligation, current 
     95  
     119 
  
    Deferred revenue 
     979  
     532 
  
    Short-term debt 
     —  
     2,657 

    Total Current Liabilities 
     21,837  
     17,421 

    Long Term Liabilities 

    Long-term debt 
     65  
     65 
  
    Operating lease obligation, noncurrent 
     181  
     231 

    Total Liabilities 
     22,083  
     17,717 

    Commitments and Contingencies (Note 17) 

    Mezzanine Equity 

    Representative and placement agent warrants, net of issuance costs of $64 
     960  
     — 

    Stockholders’ Equity 

    Preferred Stock - $0.001 par value; 5,000,000 shares authorized, 0 shares issued and outstanding as of June 30, 2025 and December
31, 2024 
     —  
     — 
  
    Series 4 Convertible Preferred Stock - 10,415 shares authorized; 1 share issued and outstanding as of June 30, 2025 and December 31, 2024 
     —  
     — 
  
    Series 5 Convertible Preferred Stock - 12,000 shares authorized; 126 shares issued and outstanding as of June 30, 2025 and December 31, 2024 
     —  
     — 
  
    Series 9 Preferred Stock - 20,000 shares authorized; 0 shares issued and outstanding as of June 30, 2025, and 11,302 and 1,331 shares issued and outstanding as of December 31, 2024 
     —  
     1,331 
  
    Common Stock - $0.001 par value; 500,000,000 shares authorized; 17,915,340 and 1,685,021 shares issued and outstanding as of June 30, 2025 and December