Company: CXAI
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001829126-25-003841
Chunk: 2

Company: CXApp Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 1
Chunk 2
---
,784

    $
    2

    $
    94,205

    $
    (78,825
    )
     
    $
    215

    $
    15,597

    Class A Common Stock

    Additional paid-in

    Accumulated

    Accumulated other comprehensive 

    Total Stockholders’

    Shares

    Amount

    capital

    Deficit

    loss

     Equity

    Balance at January 1, 2024

    15,254,389

    $
    2

    $
    83,282

    $
    (57,801
    )
     
    $
    (85
    )
     
    $
    25,398

    Net loss

    -

    -

    -

    (5,170
    )

    -

    (5,170
    )
  
    Stock-based compensation

    -

    -

    599

    -

    599

    Cumulative translation adjustment

    -

    -

    -

    -

    54

    54

    Balance at March 31, 2024

    15,254,389

    $
    2

    $
    83,881

    $
    (62,971
    )
     
    $
    (31
    )
     
    $
    20,881

The accompanying notes are an integral part of the unaudited condensed consolidated financial statements.

3

CXAPP INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited, in thousands)

    Three Months Ended March 31, 2025

    Three Months
    Ended
March 31,
2024

    Operating activities

    Net loss
     
    $
    (1,616
    )
     
    $
    (5,170
    ) 

    Adjustments to reconcile
    consolidated net loss to net cash used in operating activities

    Depreciation and amortization

    12

    22

    Amortization of intangible assets

    683

    683

    Amortization of right-of-use asset

    100

    104

    Amortization of debt discount and deferred financing cost

    -

    221

    Accrued interest expense on promissory note and convertible debt

    71

    99

    Deferred income taxes