Company: XTIA
Filing Date: 2025-05-19
Form Type: 10-Q
Source: 0001213900-25-045396
Chunk: 7

Company: XTI Aerospace, Inc.
Filing Date: 2025-05-19
Form: 10-Q
Item: Part I, Item 1
Chunk 7
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2,602)

    Adjustment to reconcile net loss to net cash used in operating activities: 

    Depreciation and amortization 
     32  
     13 
  
    Amortization of intangible assets 
     91  
     43 
  
    Amortization of right-of-use asset 
     53  
     10 
  
    Non-cash interest expense, net of interest income 
     145  
     94 
  
    Stock-based compensation 
     455  
     5,792 
  
    Impairment of intangible assets 
     531  
     — 
  
    Change in fair value of convertible notes payable 
     —  
     (12,882)
  
    Loss on extinguishment of debt 
     421  
     6,732 
  
    Warrant issuance expense 
     2,016  
     — 
  
    Change in fair value of warrant liability 
     (503) 
     (398)
  
    Other 
     3  
     (123)

    Changes in operating assets and liabilities: 

    Accounts receivable and other receivables 
     157  
     (143)
  
    Inventories 
     (19) 
     373 
  
    Prepaid expenses and other current assets 
     (594) 
     (841)
  
    Other assets 
     348  
     (7)
  
    Accounts payable 
     (624) 
     1,722 
  
    Related party payables 
     (51) 
     (60)
  
    Accrued expenses and other current liabilities 
     (4,892) 
     (496)
  
    Accrued interest 
     67  
     243 
  
    Deferred revenue 
     46  
     (13)
  
    Operating lease obligation 
     (52) 
     (8)

    Net Cash Used in Operating Activities 
     (15,242) 
     (2,551)

    Cash Flows (Used in) Provided by Investing Activities 

    Purchase of property and equipment 
     (45) 
     (7)
  
    Cash received in purchase of Inpixon 
     —  
     2,968 
  
    Purchase of intangible asset 
     —  
     (3