Company: CXAI
Filing Date: 2025-05-09
Form Type: S-1
Source: 0001829126-25-003532
Chunk: 139

Company: CXApp Inc.
Filing Date: 2025-05-09
Form: S-1
Chunk 139
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, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion.

/s/ Marcum llp

Marcum LLP

We have served as the Company’s auditor from 2012 through August 29, 2024.

New York, NY
May 23, 2024

PCAOB ID Number 688

<div align='center'>F-3</div>

<div align='center'>CXAPP INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(in thousands, except share and per share data)</div>

|                                                                                                                                                                                                               |     |   | December 31, 
         2024 |   |     |   | December 31, 
         2023 |   |
|:--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|:--|-------------:|:--|:----|:--|-------------:|:--|
| Assets                                                                                                                                                                                                        |     |   |              |   |     |   |              |   |
| Current Assets                                                                                                                                                                                                |     |   |              |   |     |   |              |   |
| Cash and cash equivalents                                                                                                                                                                                     |     | $ |        4,880 |   |     | $ |        6,275 |   |
| Accounts receivable, net of allowance for credit losses of $0 and $2, respectively                                                                                                                            |     |   |        1,686 |   |     |   |        1,956 |   |
| Unbilled and other receivables                                                                                                                                                                                |     |   |           89 |   |     |   |          211 |   |
| Prepaid expenses and other current assets                                                                                                                                                                     |     |   |          425 |   |     |   |          587 |   |
| Total current assets                                                                                                                                                                                          |     |   |        7,080 |   |     |   |        9,029 |   |
| Property and equipment, net                                                                                                                                                                                   |     |   |           64 |   |     |   |          115 |   |
| Intangible assets, net                                                                                                                                                                                        |     |   |       15,404 |   |     |   |       18,136 |   |
| Operating lease right-of-use asset, net                                                                                                                                                                       |     |   |          465 |   |     |   |          486 |   |
| Goodwill                                                                                                                                                                                                      |     |   |