Company: CXAI
Filing Date: 2025-05-09
Form Type: S-1
Source: 0001829126-25-003532
Chunk: 172

Company: CXApp Inc.
Filing Date: 2025-05-09
Form: S-1
Chunk 172
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 2023, respectively.

The fair value of the deferred revenue approximates the services to be rendered.

NOTE 8 – Accrued Liabilities

Accrued liabilities consisted of the following (in thousands):

| Schedule of accrued Liabilities                |     |   | December 31, 
         2024 |     |   | December 31, 
         2023 |
|:-----------------------------------------------|:----|:--|-------------:|:----|:--|-------------:|
| Accrued expenses and reimbursements            |     | $ |        1,690 |     | $ |          858 |
| Accrued compensation and benefits              |     |   |          382 |     |   |          387 |
| Accrued bonus and commissions                  |     |   |          134 |     |   |          108 |
| Accrued sales and other indirect taxes payable |     |   |           95 |     |   |           12 |
| Accrued insurance premium and interest         |     |   |           23 |     |   |            - |
| Accrued transaction costs                      |     |   |           13 |     |   |           13 |
| Income Tax Payables                            |     |   |           46 |     |   |           74 |
| Accrued liabilities                            |     | $ |        2,383 |     | $ |        1,452 |

Financed Director & Officers Insurance

The Company entered into a Directors & Officers (“D&O”) insurance agreement with Oakwood D&O Insurance, effective on March 14, 2024. The agreement states that the Company will pay a total of $310 thousand in premiums at an annual percentage rate of 9.5%. The first of ten monthly separate installment payments begin on April 14, 2024. The Company paid a down payment on the policy of $85 thousand. As of December 31, 2024, the Company currently owes $23 thousand on the D&O insurance policy.

NOTE 9 – Promissory Note

Promissory note consisted of the following (in thousands):

|                  | Schedule of promissory note         |     |   | December 31, 
         2024 |     |   | December 31, 
         2023 |
|:-----------------|:------------------------------------|:----|:--|-------------:|:----|: