Company: CXAI
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001829126-25-002438
Chunk: 258

Company: CXApp Inc.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 1A
Chunk 258
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 N.E., Room 1580, Washington, D.C. 20549. Copies of such material can also be obtained from the Public Reference Section of the SEC, 100 F Street, N.E., Washington, D.C. 20549, at prescribed rates or on the SEC website at www.sec.gov.

74

CXAPP INC. AND SUBSIDIARIES

INDEX TO CONSOLIDATED FINANCIAL STATEMENTS

    Report of Independent Registered Public Accounting Firm
     
    F-2 
  
    Report of Independent Registered Public Accounting Firm - Predecessor
     
    F-3
  
    Consolidated Financial Statements:

    Consolidated Balance Sheets
     
    F-4 
  
    Consolidated Statements of Operations and Comprehensive Income (Loss)
     
    F-5 
  
    Consolidated Statements of Changes in Stockholders’ Equity
     
    F-6 
  
    Consolidated Statements of Cash Flows
     
    F-7 
  
    Notes to Consolidated Financial Statements
     
    F-8 to F-48 

F-1

REPORT OF INDEPENDENT
REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors and Stockholders of

CXApp Inc. and Subsidiaries:

Opinion on the Financial Statements

We have audited the accompanying consolidated
balance sheets of CXApp Inc. and Subsidiaries (the “Company”) as of December 31, 2024 and 2023, and the related consolidated
statements of operations and comprehensive income (loss), consolidated statements of stockholders’ equity, and consolidated statements
of cash flows for the year ended December 31, 2024 and the period from March 15, 2023 to December 31, 2023, and the related notes
(collectively referred to as the “consolidated financial statements”). In our opinion, the consolidated financial statements
present fairly, in all material respects, the financial position of the Company as of December 31, 2024 and 2023, and the results of its
operations and its cash flows for the year ended December 31, 2024 and the period from March 15, 2023 to December 31, 2023 in conformity
with accounting principles generally accepted in the United States of America.

We have also audited the adjustments to the consolidated
financial statements for the period from January 1, 2023 to March 14, 2023, to retrospectively adjust the disclosures and