Company: XTIA
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032213
Chunk: 107

Company: XTI Aerospace, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 107
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 deferred
    loan costs 
     (17) 
     (88)
  
    Loss on conversion of
    note receivable to equity investment 
     (2,630) 
     — 
  
    Loss on extinguishment
    of convertible notes payable 
     (6,732) 
     (6,635)
  
    Change in fair value
    of convertible notes  payable 
     12,882  
     (9,144)
  
    Change in fair value
    of Damon investment and related warrants 
     (1,068) 
     — 
  
    Change in fair value
    of warrant liability 
     (281) 
     (164)
  
    Change in fair value
    of JV obligation 
     —  
     (196)
  
    Other
    income/(expense), net 
     21  
     (108)
  
    Total
    Other Income (Expense) 
     1,393  
     (17,477)

    Net
    Loss, before tax 
     (35,587) 
     (25,066)
  
    Income
    tax provision 
     (16) 
     — 
  
    Net
    Loss 
     (35,603) 
     (25,066)

    Less: Preferred stock
    return and dividend 
     (606) 
     — 
  
    Less:
    Deemed dividend 
     (772) 
     — 
  
    Net
    Loss Attributable to Common Stockholders, basic and diluted 
    $(36,981) 
     (25,066)

    Net
    Loss Per Share - Basic and Diluted 
    $(162.78) 
    $(1,576.48)

    Weighted Average Shares
    Outstanding, Basic and Diluted 
     227,193  
     15,900 

The
accompanying notes are an integral part of these consolidated financial statements

F-6

XTI
AEROSPACE, INC. AND SUBSIDIARIES 

CONSOLIDATED
STATEMENTS OF COMPREHENSIVE LOSS

(In
thousands)

    For
    the Years Ended
    December 31, 

    2024  
    2023 
  
    Net
    Loss 
    $(35,603) 
    $(25,066)