Company: XTIA
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001213900-25-112615
Chunk: 236

Company: XTI Aerospace, Inc.
Filing Date: 2025-11-19
Form: 10-Q
Item: Part I, Item 8
Chunk 236
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 warrants via four public offerings, and $4.1 million from the exercise of warrants issued in connection with the public offerings.
During the nine months ended September 30, 2025, the Company paid $2.7 million to fully settle the two outstanding promissory note obligations
with Streeterville, paid $0.1 million to fully settle the outstanding SBA loan, and paid $1.4 million to redeem the remaining outstanding
Series 9 Preferred Stock.

Net cash flows provided by
financing activities during the nine months ended September 30, 2024 was approximately $11.9 million. During the nine months ended September
30, 2024, the Company received incoming cash flows of $9.6 million from the now expired ATM, $2.0 million from promissory notes issued
to Streeterville, and $1.0 million in proceeds from an existing promissory note arrangement with Legacy Inpixon. During the nine months
ended September 30, 2024, the Company repaid $0.7 million towards outstanding promissory notes.

Off-Balance Sheet Arrangements

We do not have any off-balance
sheet guarantees, interest rate swap transactions or foreign currency contracts. We do not engage in trading activities involving non-exchange
traded contracts.

Recently Issued Accounting Standards

For a discussion of recently
issued accounting pronouncements, please see Note 3 of the Notes to Condensed Consolidated Financial Statements included in Part I, Item
1 of this report.

Item 3. Quantitative and Qualitative Disclosures
About Market Risk

Not applicable.

Item 4. Controls and Procedures

Disclosure Controls and Procedures

Disclosure controls are procedures
that are designed with the objective of ensuring that information required to be disclosed in our reports filed under the Exchange Act,
such as this Form 10-Q, is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and
forms. Disclosure controls are also designed with the objective of ensuring that such information is accumulated and communicated to
our management, including the Principal Executive Officer and Principal Financial Officer, as appropriate, to allow timely decisions
regarding required disclosure. Internal controls are procedures which are designed with the objective of providing reasonable assurance
that (1) our transactions are properly authorized, recorded and reported; and (2) our assets are safeguarded against unauthorized or
improper use, to permit the preparation of our condensed consolidated financial statements in conformity with GAAP.

We conducted