Company: CXAI
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001829126-25-006141
Chunk: 33

Company: CXApp Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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 Exercised

    (70,350
    )
     
    $
    1.53

    -

    0.90

    108

    Forfeited

    (10,000
    )
     
    $
    1.20

    -

    -

    -

    Options outstanding at December 31, 2024

    1,799,550

    $
    1.52

    8.74

    0.93

    -

    Options exercisable at December 31, 2024

    422,100

    $
    1.53

Non-cash stock-based compensation expenses related to stock option were recorded in the financial statements as summarized below:

    Schedule of non-cash stock-based compensation expense

    Three Months Ended June 30, 2025

    Three Months Ended June 30, 2024

    Six Months Ended June 30, 2025

    Six Months Ended June 30, 2024

    Research and development
     
    $
    7

    $
    4

    $
    19

    $
    7

    Sales and marketing

    6

    16

    42

    48

    General and administrative

    38

    82

    249

    267

    Total non-cash stock compensation
     
    $
    51

    $
    102

    $
    310

    $
    322

As of June 30, 2025, the remaining unrecognized stock compensation expense totaled approximately $545 thousand. This amount will be recognized as expense over the weighted average remaining term of 2.53 years.

    24

The fair value of each employee option grant is estimated on the date of the grant using the Black-Scholes option-pricing model. Key weighted-average assumptions used to apply this pricing model for the six months ended June 30, 2025 and the year ended December 31, 2024 were as follows:

    Schedule of assumptions used

    June 30,  2025

     December 31, 2024

    Risk-free interest rate

    4.08%

    3.67% – 4.33%

    Expected life of option grants

    6.00 years

    5.75 – 6.25 years

    Expected volatility of underlying stock