Company: XTIA
Filing Date: 2025-05-19
Form Type: 10-Q
Source: 0001213900-25-045396
Chunk: 70

Company: XTI Aerospace, Inc.
Filing Date: 2025-05-19
Form: 10-Q
Item: Part I, Item 1
Chunk 70
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 243  
    Increase in accrued interest
  
     (13) 
    Decrease in deferred revenue
  
     (8) 
    Decrease in operating lease obligation
  
    $770  
    Net cash provided by the changes in operating assets and liabilities

Cash Flows from Investing Activities as of
March 31, 2025 and 2024

Net cash flows used in investing activities during the three months
ended March 31, 2025 was approximately $45,000. Net cash flows provided by investing activities during the three months ended March 31,
2024 was approximately $3.0 million. Cash flows related to investing activities during the three months ended March 31, 2024 consist
primarily of the cash assumed from Legacy Inpixon in connection with the XTI Merger.

48

Cash Flows from Financing Activities as of
March 31, 2025 and 2024

Net cash flows provided by
financing activities during the three months ended March 31, 2025 was approximately $19.2 million. During the three months ended March
31, 2025, the Company received incoming cash flows of $1.7 million from the now expired ATM and $21.7 million from the sale of common
stock and warrants via two public offerings. During the three months ended March 31, 2025, the Company paid $2.7 million to fully settle
the two outstanding promissory note obligations with Streeterville and $1.4 million to redeem the remaining outstanding Series 9 Preferred
Stock.

Net cash flows provided by
financing activities during the three months ended March 31, 2024 was approximately $1.4 million. During the three months ended March
31, 2024, the Company received incoming cash flows of $0.4 million from a promissory note relating to the financing of insurance premiums,
and $1.0 million in proceeds from an existing promissory note arrangement with Legacy Inpixon.

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 to our condensed consolidated financial statements, which are included in Part I,
Item 1 of this report.

 Item 3. Quantitative and Qual