Company: XTIA
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001213900-25-112615
Chunk: 235

Company: XTI Aerospace, Inc.
Filing Date: 2025-11-19
Form: 10-Q
Item: Part I, Item 8
Chunk 235
---
177  
    Amortization of right-of-use asset
  
     267  
    Non-cash interest expense, net of interest income
  
     3,844  
    Stock-based compensation
  
     (12,882) 
    Change in fair value of convertible notes payable
  
     6,732  
    Loss on extinguishment of debt
  
     281  
    Change in fair value of warrant liability
  
     (65) 
    Unrealized gain on foreign currency transactions and other
    income and expense items
  
    $(1,134) 
    Total non-cash expenses

The net cash provided by
the change in operating assets and liabilities aggregated approximately $8.6 million and consisted primarily of the following (in thousands):

    $(72) 
    Increase in accounts receivable and other receivables
  
     271  
    Decrease in inventory
  
     279  
    Decrease in prepaid expenses and other current assets and other assets
  
     2,514  
    Increase in accounts payable
  
     5,708  
    Increase in accrued expenses and other liabilities
  
     154  
    Increase in accrued interest
  
     (115) 
    Decrease in deferred revenue
  
     (163) 
    Decrease in operating lease obligation
  
    $8,576  
    Net cash provided by the changes in operating assets and
    liabilities

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

Net cash flows used in investing
activities during the nine months ended September 30, 2025 was approximately $0.1 million.

Net cash flows provided by
investing activities during the nine months ended September 30, 2024 was approximately $2.9 million. Cash flows related to investing
activities during the nine months ended September 30, 2024 consist primarily of the cash assumed from Legacy Inpixon in connection with
the XTI Merger.

51

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

Net cash flows provided by
financing activities during the nine months ended September 30, 2025 was approximately $58.6 million. During the nine months ended September
30, 2025, the Company received incoming cash flows of $1.7 million from the now expired ATM, $57.1 million from the sale of common stock
and