CXApp Inc

For the period ended Dec 31, 2023. Filed May 24, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed May 24, 2024

CXAI$1.41+2.2%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Item 8. Consolidated Statements of Cash Flows

CONSOLIDATED STATEMENTS OF CASH FLOWS

Successor · Predecessor
Period from March 15, 2023 to December 31, 2023 · Period from January 1, 2023 to March 14, 2023 · Year Ended December 31, 2022
Operating activities
Net loss		$(49,238)		$(4,380)		$(29,175)
Adjustments to reconcile net loss to net cash used in operating activities
Depreciation and amortization		75		228		646
Amortization of intangible assets		2,162		806		3,885
Amortization of right of use asset		298		40		266
Amortization of debt discount and deferred financing cost		37		-		-
Accrued interest expense on promissory note		16		-		-
Deferred income taxes		(3,570)		-		-
Provision for credit loss expense		(11)		-		5
Stock-based compensation expense		1,080		158		1,640
Gain on change in fair value of earnout payable		-		-		(2,827)
(Gain) loss on foreign currency transactions		(44)		(32)		-
Change in fair value of derivative liability		4,714				-
Impairment of goodwill		36,056		-		5,540
Unrealized loss on note		-		-		1,478
Others		-		-		(500)
Change in operating assets and liabilities:
Accounts receivable and other receivables		300		(857)		109
Prepaid expenses and other current assets		719		(20)		109
Inventory		-		-		117
Other assets		(37)		-		18
Accounts payable		499		(796)		400
Accrued liabilities		(5,876)		(787)		1,096
Income tax liabilities		-		-		(513)
Operating lease liabilities		(306)		(38)		(257)
Deferred revenue		360		534		(932)
Net cash used in operating activities		(12,766)		(5,144)		(18,895)
Investing activities
Purchases of property and equipment		(57)		(9)		(88)
Investment in capitalized software		-		(45)		(394)
Cash acquired in connection with Business Combination		10,003		-		-
Net cash provided by (used in) investing activities		9,946		(54)		(482)
Financing activities
Net equity investment from parent		-		9,089		25,967
Taxes paid related to stock based compensation		-		-		(104)
Repayment of CXApp acquisition liability		-		(197)		(5,135)
Net proceeds from issuance of promissory note		3,000		-		-
Repayment of related party promissory note		(328)		-		-
Warrant exercise - net		4,948		-		-
Net cash provided by financing activities		7,620		8,892		20,728
Effect of exchange rate changes on cash and cash equivalents		(28)		1		(71)
Net increase in cash and cash equivalents		4,772		3,695		1,280
Cash and cash equivalents, beginning of period		1,503		6,308		5,028
Cash and cash equivalents, end of period		$6,275		$10,003		$6,308
Supplemental disclosures of cash flow information
Cash paid for taxes		$4	$	-		$119
Cash paid for interest		$18	$	-		$1
Supplemental schedule of noncash investing and financing activities
Right of use asset obtained in exchange for lease liability		$230	$	-		$284
Parent’s net equity issued for CXApp earnout	$	-	$	-		$3,697
Noncash investment from parent	$	-		$409	$	-
Class A Common Stock and Class C Common Stock issued in connection with Business Combination		$69,928	$	-	$	-
Financing of Director and Officer Insurance		$671	$	-	$	-
Warrant exercise – cashless		$549	$	-	$	-
Warrant exchange to Class A common stock		$4,914	$	-	$	-

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.