Company: CXAI
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001829126-25-003841
Chunk: 0

Company: CXApp Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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CXAPP INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands, except share and per share data)

    March 31, 2025

    December 31, 2024

    (unaudited)

    Assets

    Current Assets

    Cash and cash equivalents
     
    $
    3,893

    $
    4,880

    Accounts receivable

    732

    1,686

    Unbilled and other receivables

    93

    89

    Prepaid expenses and other current assets

    601

    425

    Total current assets

    5,319

    7,080

    Property and equipment, net

    57

    64

    Intangible assets, net

    14,721

    15,404

    Operating lease right-of-use asset, net

    365

    465

    Goodwill

    8,737

    8,737

    Other assets

    53

    53

    Total Assets
     
    $
    29,252

    $
    31,803

    Liabilities and Stockholders’ Equity

    Current Liabilities

    Accounts payable
     
    $
    612

    $
    509

    Accrued liabilities

    2,786

    2,383

    Deferred revenue

    2,804

    2,683

    Warrant liability

    2,734

    5,048

    Operating lease obligation, current

    331

    350

    Promissory note

    -

    603

    Other current liabilities

    69

    -

    Total current liabilities
     
    $
    9,336

    $
    11,576

    Operating lease obligation, noncurrent

    39

    123

    Convertible debt

    4,280

    4,512

    Total Liabilities
     
    $
    13,655

    $
    16,211

    Commitments and Contingencies

    Stockholders’ Equity

    Class A Common Stock, $0.0001 par value; 200,000,000 shares authorized; 19,807,784 shares issued and outstanding as of March 31, 2025