Company: XTIA
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076767
Chunk: 272

Company: XTI Aerospace, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 272
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 receivables
  
     94  
    Decrease in inventories, prepaid expenses and other current assets and other assets
  
     (1,865) 
    Decrease in accounts payable and related party payables
  
     (4,905) 
    Decrease in accrued expenses and other current liabilities
  
     67  
    Increase in accrued interest
  
     376  
    Increase in deferred revenue
  
     (75) 
    Decrease in operating lease obligation
  
    $(5,907) 
    Net cash used in the changes in operating assets and liabilities

The decrease in accrued expenses
and other current liabilities of approximately $4.9 million was mainly attributable to (i) cash payments to settle the remaining accrued
transaction bonuses and consulting fees owed to prior Legacy Inpixon executives, and (ii) payment of accrued employee bonuses.

48

Operating Activities for the six months ended
June 30, 2024

Net cash used in operating
activities during the six months ended June, 2024 was approximately $8.2 million. The cash flows related to the six months ended June
30, 2024 consisted of the following (in thousands):

    Net loss 
    $(17,312)
  
    Non-cash income and expenses 
     398 
  
    Net change in operating assets and liabilities 
     8,724 
  
    Net cash used in operating activities 
    $(8,190)

The non-cash income and expense
of approximately $0.4 million consisted primarily of the following (in thousands):

    $47  
    Depreciation and amortization expenses
  
     235  
    Amortization of intangible assets
  
     92  
    Amortization of right-of-use asset
  
     173  
    Non-cash interest expense, net of interest income
  
     5,733  
    Stock-based compensation
  
     (12,882) 
    Change in fair value of convertible notes payable
  
     6,732  
    Loss on extinguishment of debt
  
     281  
    Change in fair value of warrant liability
  
     (13) 
    Other
  
    $398  
    Total non-cash expenses

The net cash provided by the
change in operating assets and liabilities aggregated approximately $8.7 million and consisted primarily of the following (in thousands):

    $309  
    Decrease in accounts receivable and other receivables