Company: CXAI
Filing Date: 2025-11-12
Form Type: 424B3
Source: 0001829126-25-009079
Chunk: 10

Company: CXApp Inc.
Filing Date: 2025-11-12
Form: 424B3
Chunk 10
---
 money market accounts, temporary investments, and certificates of deposit with maturities of three months or less at the time of purchase. As of September 30, 2025, the Company held approximately $4,653 thousand in cash equivalents, consisting of certificates of deposit held at multiple banks, each limited to $250 thousand per bank and with durations of 90 days or less. As of December 31, 2024, the Company held approximately $4,353 thousand in cash equivalents, consisting of certificates of deposit held at multiple banks, each limited to $250 thousand per bank and with durations of 90 days or less.

<div align='center'>8</div>

Accounts Receivable and Allowance for Credit Losses

Accounts receivables are stated at the amount
the Company expects to collect. The Company recognizes an allowance for credit losses to ensure accounts receivables are not overstated
due to un-collectability. Allowance for credit losses are maintained for various customers based on a variety of factors, including the
length of time the receivables are past due, significant one-time events and historical experience. An additional reserve for individual
accounts is recorded when the Company becomes aware of a customer’s inability to meet its financial obligation, such as in the case of
bankruptcy filings, or deterioration in such customer’s operating results or financial position. If circumstances related to a customer
change, estimates of the recoverability of receivables would be further adjusted. The Company has no allowance for credit losses as of
September 30, 2025 and December 31, 2024.

Other receivables as presented within “unbilled and other receivables” includes mainly unbilled receivables and sales tax recoverable
from tax authorities. These are recognized when the underlying transaction occurs and reviewed periodically for collectability. As of
September 30, 2025 and December 31, 2024, sales tax receivables were $77 thousand and $67
thousand, respectively.

Property and Equipment, net

Property and equipment are recorded at cost, less accumulated depreciation and amortization. The Company depreciates its property and equipment for financial reporting purposes using the straight-line method over the estimated useful lives of the assets, which range from 5 to 10 years. Leasehold improvements are amortized over the lesser of the useful life of the asset or the initial lease term. Expenditures for maintenance and repairs, which do not extend the economic useful life of the related assets