Company: XTIA
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076767
Chunk: 2

Company: XTI Aerospace, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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 31, 2024, respectively. 
     18  
     2 
  
    Additional paid-in capital 
     138,795  
     99,425 
  
    Accumulated other comprehensive income (loss) 
     884  
     (622)
  
    Accumulated deficit 
     (127,292) 
     (93,562)

    Total Stockholders’ Equity 
     12,405  
     6,574 

    Total Liabilities, Mezzanine Equity, and Stockholders’ Equity 
    $35,448  
    $24,291 

The accompanying notes are
an integral part of these Condensed Consolidated Financial Statements.

2

XTI AEROSPACE, INC. AND
SUBSIDIARIES

CONDENSED CONSOLIDATED
STATEMENTS OF OPERATIONS

(In thousands, except
share and per share data)

    For the Three Months Ended  June 30,  
    For the Six Months Ended June 30, 

    2025  
    2024  
    2025  
    2024 

    (Unaudited) 
  
    Revenues 
    $600  
    $1,031  
    $1,084  
    $1,251 

    Cost of Revenues 
     117  
     369  
     266  
     448 

    Gross Profit 
     483  
     662  
     818  
     803 

    Operating Expenses 

    Research and development 
     1,950  
     1,148  
     3,664  
     1,612 
  
    Sales and marketing 
     1,505  
     837  
     2,526  
     1,141 
  
    General and administrative 
     3,948  
     12,412  
     11,328  
     14,129 
  
    Merger-related transaction costs 
     —  
     —  
     —  
     6,490 
  
    Impairment of goodwill 
     4,049  
     —  
     4,049  
     — 
  
    Impairment of intangible assets 
     100  
     —