Company: XTIA
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032213
Chunk: 249

Company: XTI Aerospace, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 249
---
 increased by the board of directors. Mr. Hinderberger was also entitled to receive an annual bonus up to $350,000 based on achieving
financing goals (40%) and TriFan 600 airplane development milestones (60%) as outlined in the agreement, subject to Board approval. During
the years ended December 31, 2024 and 2023, the Company paid Mr. Hinderberger compensation of $469,325.65 and $315,848.32, respectively.

80

ITEM
14: PRINCIPAL ACCOUNTANT FEES AND SERVICES

The
Company incurred the following fees for services rendered by Marcum LLP, Company’s independent registered public accounting firm,
for the fiscal years ended December 31, 2024 and 2023.

    2024  
    2023 
  
    Audit Fees(1) 
    $1,100,885  
    $318,554 
  
    Audit Related Fees 
    $—  
    $688,220 
  
    Tax Fees 
    $—  
    $— 
  
    All Other Fees 
    $—  
    $— 

    (1)
    Audit
    fees represent fees for professional services provided in connection with the audit of our Company’s 2024 and 2023 annual consolidated
    financial statements included in this Annual Report on Form 10-K and review of our quarterly financial statements included in the
    Company’s Quarterly Reports on Form 10-Q and audit services provided in connection with other statutory or regulatory filings.
    Audit fees also include fees for professional services provided in connection with the audits of Legacy XTI’s 2023 and 2022
    financial statements.  

Audit
Fees. The “Audit Fees” are the aggregate fees of Marcum attributable to professional services rendered in 2024 and 2023
for the audit of our annual financial statements in our annual reports on Form 10-K, for review of financial statements included in our
quarterly reports on Form 10-Q or for services that are normally provided by Marcum in connection with statutory and regulatory filings
or engagements for that fiscal year. These fees include fees billed for professional services rendered by Marcum for the review of registration
statements or services that are normally provided in connection with statutory and regulatory filings or engagements for those fiscal
years.

Audit-Related Fees.
Marcum did not perform any audit-related services in 2024. The audit-related fees for 2023