Company: XTIA
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076767
Chunk: 10

Company: XTI Aerospace, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 10
---
,046  
    $5,779 

    Supplemental Disclosure of cash flow information: 

    Cash paid for: 

    Interest 
    $282  
    $32 
  
    Income Taxes 
    $9  
    $4 

    Non-cash investing and financing activities 

    Common shares issued for conversion of debt and accrued interest 
    $750  
    $9,614 
  
    Common shares issued in exchange of warrants 
    $—  
    $1,698 
  
    Deemed dividend related to December 2023 warrant exchange 
    $—  
    $283 
  
    Common shares issued as settlement of accrued compensation 
    $—  
    $1,192 
  
    Common shares issued as prepayment for services 
    $—  
    $335 
  
    Common shares issued in exchange of series 9 preferred stock 
    $—  
    $3,550 
  
    Issuance of common shares for merger consideration, net of cash received 
    $—  
    $22,637 
  
    Right-of-use asset obtained in exchange for lease liability 
    $—  
    $394 
  
    Capital contribution - forgiveness of related party payable 
    $—  
    $380 
  
    Deemed dividend related to series 9 preferred stock exchange 
    $—  
    $177 
  
    ATM proceeds withheld as payment towards accounts payable 
    $—  
    $128 
  
    Series 9 preferred stock dividend accrued 
    $—  
    $311 

The accompanying notes are
an integral part of these Condensed Consolidated Financial Statements.

7

XTI AEROSPACE, INC. AND
SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED
FINANCIAL STATEMENTS

Note 1 - Nature of Business

On March 12, 2024 (the “Closing Date”),
XTI Aerospace, Inc., the “Company”, formerly known as Inpixon (“Legacy Inpixon”), Superfly Merger Sub Inc., a
Delaware corporation and a wholly owned subsidiary of Legacy Inpixon (“Merger Sub”), and XTI Aircraft Company, a Delaware
corporation (“Legacy XTI”), completed their previously announced merger transaction (the “XTI Merger”).

The Company is primarily an aircraft development
company. The Company also provides real-time location systems (“RTLS”)