Company: CXAI
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001829126-25-002438
Chunk: 1510

Company: CXApp Inc.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 13
Chunk 1510
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 from declines in market capitalization, revised cash flow projections, and adverse changes in market conditions impacting the recoverability of goodwill. For the period January 1, 2023, to March 14, 2023 (Predecessor), the Company recognized a goodwill impairment loss of $0 thousand.

Goodwill consisted of the following (in thousands):

    Schedule of goodwill

    Acquisition
     
    Amount

    Balance as of March 15, 2023
     
    $
    -

    Acquisition of Legacy CXApp

    44,122

    Measurement Period Adjustments

    671

    Impairment

    (36,056
    )
  
    Balance as of December 31, 2023
     
    $
    8,737

    F-25

Intangible assets consisted of the following (in thousands):

    Schedule of intangible assets

    December 31, 2024

    December 31, 2023

    Weighted Average Remaining Useful Life (Years)

    Gross Amount

    Accumulated Amortization

    Net Carrying Amount

    Gross Amount

    Accumulated Amortization
     
    Net Carrying Amount

    Trade Name/Trademarks
     
    5.17

    $
    3,294

    $
    (843
    )
     
    $
    2,451

    $
    3,294

    $
    (373)
     
    $
    2,921

    Customer Relationships
     
    3.17

    5,604

    (2,008
    )

    3,596

    5,604

    (887)

    4,717

    Developed Technology
     
    8.17

    8,697

    (1,558
    )

    7,139

    8,697

    (688)

    8,009

    Patents and Intellectual Property
     
    8.17

    2,703

    (485
    )

    2,218

    2,703

    (214)

    2,489

    Totals

    $
    20,298

    $
    (4,894
    )
     
    $
    15,404

    $
    20,298

    $
    (2,162)
     
    $