Company: XTIA
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001213900-25-112615
Chunk: 22

Company: XTI Aerospace, Inc.
Filing Date: 2025-11-19
Form: 10-Q
Item: Part I, Item 1
Chunk 22
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  Trade Name/Trademarks   486    (191)   (115)   180    4.4   Proprietary Technology   1,395    (469)   (293)   633    5.2   Customer Relationships   137    (42)   —    95    3.5   In-Process R&D   243    (20)   (223)   —    —   Totals  $2,729    (929)  $(631)  $1,169    5.8  

    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 and nine months
ended September 30, 2025 was approximately $0.1 million and $0.2 million, respectively. Amortization expense for the three and nine months
ended September 30, 2024 was approximately $0.2 million and $0.4 million, respectively.

15

XTI AEROSPACE, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

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

    Year ending December 31, 
    Amount 
  
    2025 (for 3 months) 
    $58