Company: CXAI
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001829126-25-002438
Chunk: 1308

Company: CXApp Inc.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 10
Chunk 1308
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        March 14,2023

    Total

    Net Revenue

    1,719

    1,770

    1,915

    342

    1,620

    7,366

    Gross Profit

    1,376

    1,412

    1,435

    255

    1,137

    5,615

    Net Income / (Loss)

    (38,707
    )

    1,441

    (14,730
    )

    2,758

    (4,380
    )

    (53,618
    )

    Basic and diluted weighted average shares outstanding, Class A common stock

    15,254,389

    10,818,459

    8,582,699

    8,582,699

    -

    -

    Basic and diluted net income (loss) per share, Class A common stock

    (2.54
    )

    0.13

    (1.05
    )

    0.20

    -

    -

    Basic and diluted weighted average shares outstanding, Class C common stock

    -

    -

    5,487,300

    5,487,300

    -

    -

    Basic and diluted net income (loss) per share, Class C common stock

    -

    -

    (1.05
    )

    0.20

    -

    -

NOTE 21 – Restatement of Quarterly Financial Information (Unaudited)

As further described in Note 1, the previously reported unaudited consolidated financial information for the three and six months ended June 30, 2024, and the three and nine months ended September 30, 2024 are required to be restated. The as-restated interim financial information for each relevant period is included in the tables that follow. As part of the restatement, the Company recorded adjustments to correct the misstatements in the impacted interim periods.

Consolidated Balance Sheets

The following unaudited consolidated balance sheet tables present the impacts of the restatement adjustments as of the periods ended June 30, 2024, and September 30, 2024.

    Schedule of consolidated balance sheets

    As of June 30, 2024

    (in thousands)
     
    As Previously Reported

    Adjustments to Debt

    As Restated

    Contract