Company: XTIA
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001213900-25-112615
Chunk: 210

Company: XTI Aerospace, Inc.
Filing Date: 2025-11-19
Form: 10-Q
Item: Part I, Item 8
Chunk 210
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-thirds scale unmanned version of the TriFan 600, generating pre-orders for the TriFan
600, and seeking funds from investors to enable the Company to advance the detailed design and certification of the TriFan 600, and to
eventually engage in commercial production and sale of the TriFan 600.

We continue to work to optimize
our airplane design for both manufacturing and certification. The development of an xVTOL airplane that meets our business requirements
demands significant design and development efforts on all facets of the airplane. We believe that by bringing together a mix of talent
with VTOL and traditional commercial aerospace backgrounds, we have built a team that enables us to move through the design, development,
and certification of our xVTOL airplane with the Federal Aviation Administration (“FAA”) in an efficient manner, thus allowing
us to achieve our end goal of bringing to market our airplane as efficiently as possible.

To date, we have not generated
any revenue from aircraft sales because we are still designing and developing our xVTOL airplane. Additionally, we are seeking the necessary
governmental approvals to bring the airplane into service. To continue funding these efforts, we will need to raise capital for the foreseeable
future. The amount and timing of our future capital needs will depend on various factors, including the progress and results of our airplane’s
design and development, our manufacturing operations, and our success in obtaining the required FAA certifications and other government
approvals. For instance, any significant delays in securing FAA certifications or other government approvals may force us to raise more
capital and could postpone our ability to generate revenue from aircraft sales.

Our RTLS solutions leverage
cutting-edge technologies such as IoT, AI, and big data analytics to provide real-time tracking and monitoring of assets, machines, and
people within industrial environments. With our RTLS solutions, businesses can achieve improved operational efficiency, enhanced safety
and reduced costs. By having real-time visibility into operations, industrial organizations can make informed, data-driven decisions,
minimize downtime, and ensure compliance with industry regulations.

Drone Nerds, LLC (“Drone
Nerds”), a Florida limited liability company founded in 2014 and headquartered in Dania Beach, Florida, is one of the largest drone
distributors and solutions providers in the United States. Drone Nerds specializes in the wholesale, retail and e-commerce sale of advanced
drone systems and related technologies serving commercial, governmental, and consumer markets, including public safety, construction,
energy, and agriculture. The company