Company: XTIA
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076767
Chunk: 8

Company: XTI Aerospace, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 8
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 7,752  
    $7,752  
     107,367  
    $—  
    $78,233  
    $(139) 
    $(75,271) 
    $10,575 

The accompanying notes are
an integral part of these Condensed Consolidated Financial Statements.

6

XTI AEROSPACE, INC. AND
SUBSIDIARIES

CONDENSED CONSOLIDATED
STATEMENTS OF CASH FLOWS

(In thousands)

    For the Six Months Ended June 30, 

    2025  
    2024 

    (Unaudited) 
  
    Cash Flows Used in Operating Activities 

    Net loss 
    $(33,730) 
    $(17,312)

    Adjustment to reconcile net loss to net cash used in operating activities: 

    Depreciation and amortization 
     68  
     47 
  
    Amortization of intangible assets 
     152  
     235 
  
    Amortization of right-of-use asset 
     76  
     92 
  
    Non-cash interest expense, net of interest income 
     145  
     173 
  
    Stock-based compensation 
     1,177  
     5,733 
  
    Impairment of goodwill 
     4,049  
     — 
  
    Impairment of intangible assets 
     631  
     — 
  
    Change in fair value of convertible notes payable 
     —  
     (12,882)
  
    Loss on extinguishment of debt 
     421  
     6,732 
  
    Warrant issuance expense 
     5,795  
     — 
  
    Change in fair value of warrant liability 
     5,431  
     281 
  
    Other 
     (291) 
     (13)

    Changes in operating assets and liabilities: 

    Accounts receivable and other receivables 
     401  
     309 
  
    Inventories 
     (4) 
     132 
  
    Prepaid expenses and other current assets 
     (264) 
     162 
  
    Other assets 
     362  
     8 
  
    Accounts payable 
     (1,814) 
     1,981