Company: XTIA
Filing Date: 2025-05-19
Form Type: 10-Q
Source: 0001213900-25-045396
Chunk: 23

Company: XTI Aerospace, Inc.
Filing Date: 2025-05-19
Form: 10-Q
Item: Part I, Item 1
Chunk 23
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ization   Impairment   Net Carrying Amount   Remaining Weighted Average Useful Life   Patents  $468   $(191)   -   $277    9.5   Trade Name/Trademarks   461    (160)   (87)   214    5.2   Proprietary Technology   1,318    (380)   (221)   717    5.5   Customer Relationships   127    (27)   -    100    4.0   In-Process R&D   243    (20)   (223)   -    -   Totals  $2,617   $(778)   (531)  $1,308       

    December 31, 2024 

    Gross
Amount  
    Accumulated
Amortization  
    Impairment  
    Net
Carrying
Amount 
  
    Patents 
    $468  
    $    (184) 
    $—  
    $284 
  
    Trade Name/Trademarks 
     897  
     (142) 
     (451) 
     304 
  
    Proprietary Technology 
     2,860  
     (326) 
     (1,583) 
     951 
  
    Customer Relationships 
     684  
     (109) 
     (473) 
     102 
  
    In-Process R&D 
     243  
     —  
     —  
     243 
  
    Totals 
    $5,152  
    $(761) 
    $(2,507) 
    $1,884 

Amortization expense for the three months ended March 31, 2025 and
2024 was approximately $0.09 million and $0.04 million, respectively.

Future amortization expense on intangibles assets is anticipated to
be as follows (in thousands):

    Year ending December 31, 
    Amount 
  
    2025 (for 9 months) 
    $173 
  
    2026 
     231 
  
    2027 
     231