Company: CXAI
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001829126-25-009077
Chunk: 57

Company: CXApp Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 57
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    $
    5,088

    $
    4,880

    Working capital deficit
     
    $
    711

    $
    (4,496
    )

Operating
Activities for the nine months ended September 30, 2025 and September 30, 2024

    Nine Months Ended September 30, 2025

    Nine Months Ended September 30, 2024

    Net income (loss)
     
    $
    (7,912
    )
     
    $
    (16,072
    )
  
    Non-cash income and expenses

    956

    10,109

    Net change in operating
        assets and liabilities

    206

    1,334

    Net cash used in operating
        activities
     
    $
    (6,750
    )
     
    $
    (4,629
    )

Cash
Flows from Investing Activities for the nine months ended September 30, 2025 and September 30, 2024

Net
cash flows used in investing activities during the nine months ended September 30, 2025 was approximately $21 thousand compared to net
cash flows used in investing activities for the nine months ended September 30, 2024 is $30 thousand. Cash flows related to investing
activities during the nine months ended September 30, 2025 and September 30, 2024 include $21 thousand and $30 thousand were used for
the purchase of property and equipment.

44

Cash
Flows from Financing Activities for the nine months ended September 30, 2025 and September 30, 2024

Net
cash flows provided in financing activities during the nine months ended September 30, 2025 was approximately $6,990 thousand, primarily
due to proceeds received from the issuance of convertible debt compared to net cash flows provided in financing activities for the nine
months ended September 30, 2024 is $3,480 thousand. On April 11, 2025, the Company entered into a financing arrangement under which it
issued convertible debt with a principal amount of $4,200 thousand. A second tranche of the arrangement was issued on August 7, 2025,
with a principal amount of $3,150 thousand. The Company received total net proceeds of $6,990 thousand after deducting applicable discounts
and transaction costs.

Off-Balance
Sheet Arrangements

We