Company: CXAI
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001829126-25-002438
Chunk: 313

Company: CXApp Inc.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 1A
Chunk 313
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 $
    -

    $
    (4,381
    )
  
    Net income (loss) by geographic area
     
    $
    (3,342
    )
     
    $
    (1,041
    )
     
    $
    3

    $
    -

    $
    (4,380
    )

    As of December 31, 2024 (Successor)

    Identifiable assets by geographic area
     
    $
    31,087

    $
    272

    $
    444

    $
    -

    $
    31,803

    Long lived assets by geographic area
     
    $
    15,712

    $
    175

    $
    46

    $
    -

    $
    15,933

    Goodwill by geographic area
     
    $
    8,737

    $
    -

    $
    -

    $
    -

    $
    8,737

    As of December 31, 2023 (Successor)

    Identifiable assets by geographic area
     
    $
    38,143

    $
    627

    $
    434

    $
    (2,623
    )
     
    $
    36,581

    Long lived assets by geographic area
     
    $
    18,269

    $
    320

    $
    148

    $
    -

    $
    18,737

    Goodwill by geographic area
     
    $
    8,737

    $
    -

    $
    -

    $
    -

    $
    8,737

    F-40

NOTE 18 – Leases

The Company has operating leases for administrative offices in Canada, the Philippines, and the United States. The Manila, Philippines office lease expires in May 2025, the Canada lease expires in May 2026, and the United States office lease expires in April 2026. The Company has no other operating or financing leases with terms greater than 12 months.

Lease expense for operating leases recorded on the balance sheet is based on the future minimum lease payments recognized on a straight-line basis over the term of the lease plus any variable lease costs. Operating lease expenses, inclusive of short-term and variable lease expenses, recognized in the Company’s consolidated statement of operations for the year ended December 31, 2024 (Successor), for the period from March