Company: CXAI
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001829126-25-003841
Chunk: 3

Company: CXApp Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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 -

    (207
    )
  
    Stock-based compensation expense

    624

    599

    (Gain) loss on foreign currency transactions

    (3
    )

    54

    (Gain) loss on change in fair value of derivative liability

    (2,196
    )

    1,472

    Loss on debt extinguishment

    48

    -

    Change in assets and liabilities:

    Accounts receivable and other receivables

    954

    644

    Prepaid expenses and other current assets

    (175
    )

    (89
    )

    Accounts payable

    103

    46

    Accrued liabilities

    398

    227

    Operating lease liabilities

    (103
    )

    (112
    )

    Deferred revenue

    121

    757

    Net Cash Used in Operating Activities

    (979
    )

    (650
    )

    Cash Flows Used
    in Investing Activities

    Purchases of property and equipment

    (5
    )

    (18
    )

    Net Cash Flows Used in Investing
    Activities

    (5
    )

    (18
    )
  
    Effect of
    Foreign Exchange Rate on Changes on Cash and Cash Equivalents

    (3
    )

    (4
    )

    Net Decrease in Cash and Cash Equivalents

    (987
    )

    (672
    )

    Cash and
    Cash Equivalents, beginning of period

    4,880

    6,275

    Cash and
    Cash Equivalents, end of period
     
    $
    3,893

    $
    5,603

    Supplemental schedule of noncash investing and financing activities

    Financing of Director and Officer Insurance
     
    $
    -

    $
    226

    Common shares
    issued for debt extinguishment
     
    $
    1,003

    $
    -

The accompanying notes are an integral part of the unaudited condensed consolidated financial statements.

4

CXAPP INC. AND SUBSIDIARIESNOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

NOTE 1 – Organization, Nature of Business and Basis of Presentation

CXApp Inc. and its subsidiaries (“CXApp” or the “Company”) is in the business of