Company: CXAI
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001829126-25-003841
Chunk: 30

Company: CXApp Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 1
Chunk 30
---
.74

    0.93

    Granted

    0

    $
    -

    -

    Exercised

    0

    $
    -

    -

    $
    108

    Forfeited

    0

    $
    -

    Options outstanding at March 31, 2025

    1,799,550

    $
    1.52

    8.49

    0.93

    Options exercisable at March 31, 2025

    1,037,707

    $
    1.52

    Number of Options

    Weighted average exercise price

        Weighted average remaining contractual term
        (Years)

    Weighted average at Grant date

    Aggregate Intrinsic Value (in thousand)

    Options outstanding at January 1, 2024

    984,900

    $
    1.53

    9.25

    0.90

    Granted

    895,000

    $
    1.51

    9.25

    0.96

    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
 March 31, 2025

    Three Months ended March 31, 2024

    Research and development
     
    $
    12

    $
    3

    Sales and marketing

    36

    32

    General and administrative

    211

    185

    Total non-cash stock compensation
     
    $
    259

    $
    220

As of March 31, 2025, the remaining unrecognized stock compensation expense totaled approximately $453 thousand. This amount will be recognized as