Company: CXAI
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001829126-25-002438
Chunk: 342

Company: CXApp Inc.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 2
Chunk 342
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    5,980

    7,620

    8,892

    Effect of foreign exchange rate changes on cash

    (20
    )

    (28
    )

    1

    Net increase (decrease) in cash and cash equivalents
     
    $
    (1,395
    )
     
    $
    4,772

    $
    3,695

    December 31,2024

    December 31,2023

    Cash and cash equivalents
     
    $
    4,880

    $
    6,275

    Working capital deficit
     
    $
    (4,496
    )
     
    $
    (1,287
    )

Operating Activities for the years ended December 31, 2024, and 2023

Net cash used in operating activities during the period consisted of the following (in thousands):

    Successor

    Predecessor

    Year ended December 31, 2024

    Period fromMarch 15,2023 toDecember 31,2023

    Period fromJanuary 1,2023 toMarch 14,2023

    Net loss
     
    $
    (19,408
    )
     
    $
    (49,238
    )
     
    $
    (4,380
    )
  
    Non-cash income and expense

    11,802

    40,813

    1,200

    Net change in operating assets and liabilities

    (281
    )

    (4,341
    )

    (1,964
    )
  
    Net cash used in operating activities
     
    $
    (7,325
    )
     
    $
    (12,766
    )
     
    $
    (5,144
    )

50

The non-cash expenses were approximately $11,802 thousand, $40,813 thousand, and $1,200 thousand for the year ended December 31, 2024 (Successor), period from March 15, 2023, to December 31, 2023 (Successor), and period from January 1, 2023, to March 14, 2023 (Predecessor), respectively:

    Successor

    Predecessor

    Year ended December 31, 2024

    Period fromMarch 15,2023 toDecember