CXApp Inc.
For the period ended Dec 31, 2024. Filed Apr 7, 2025.
View on SEC.govAbout 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.
FY2024 · Filed Apr 7, 2025
CXAI$1.41+2.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Successor · Predecessor | ||||||
|---|---|---|---|---|---|---|
| Year Ended December 31, 2024 · Period from March 15, 2023 to December 31, 2023 · Period from January 1, 2023 to March 14, 2023 | ||||||
| Operating activities | ||||||
| Net loss | $(19,408) | $(49,238) | $(4,380) | |||
| Adjustments to reconcile net loss to net cash used in operating activities | ||||||
| Depreciation and amortization | 79 | 75 | 228 | |||
| Amortization of intangible assets | 2,732 | 2,162 | 806 | |||
| Amortization of right-of-use asset | 391 | 298 | 40 | |||
| Amortization of debt discount and deferred financing cost | 862 | 37 | - | |||
| Accrued interest expense | 817 | 16 | - | |||
| Accrued monitoring fee | 273 | - | - | |||
| Deferred income taxes | (635) | (3,570) | - | |||
| Provision for credit loss expense | - | (11) | - | |||
| Stock-based compensation expense | 2,831 | 1,080 | 158 | |||
| (Gain) loss on foreign currency transactions | 316 | (44) | (32) | |||
| Loss on change in fair value of derivative liability | 3,152 | 4,714 | - | |||
| Loss on debt extinguishment | 1,052 | - | - | |||
| Gain on contract to issue common stock | (68) | - | - | |||
| Impairment of goodwill | - | 36,056 | - | |||
| Change in operating assets and liabilities: | ||||||
| Accounts receivable and other receivables | 372 | 300 | (857) | |||
| Prepaid expenses and other current assets | 162 | 719 | (20) | |||
| Other assets | 23 | (37) | - | |||
| Accounts payable | (453) | 499 | (796) | |||
| Accrued liabilities | 771 | (5,876) | (787) | |||
| Operating lease liabilities | (407) | (306) | (38) | |||
| Deferred revenue | (187) | 360 | 534 | |||
| Net cash used in operating activities | (7,325) | (12,766) | (5,144) | |||
| Investing activities | ||||||
| Purchases of property and equipment | (30) | (57) | (9) | |||
| Investment in capitalized software | - | - | (45) | |||
| Cash acquired in connection with Business Combination | - | 10,003 | - | |||
| Net cash provided by (used in) investing activities | (30) | 9,946 | (54) | |||
| Financing activities | ||||||
| Proceeds from issuance of pre-paid purchase, net of issuance cost | 6,480 | - | - | |||
| Net equity investment from parent | - | - | 9,089 | |||
| Repayment of CXApp acquisition liability | - | - | (197) | |||
| Net proceeds from issuance of promissory note | - | 3,000 | - | |||
| Repayment of related party promissory note | (500) | (328) | - | |||
| Warrant exercise – net | - | 4,948 | - | |||
| Net cash provided by financing activities | 5,980 | 7,620 | 8,892 | |||
| Effect of exchange rate changes on cash and cash equivalents | (20) | (28) | 1 | |||
| Net increase in cash and cash equivalents | (1,395) | 4,772 | 3,695 | |||
| Cash and cash equivalents, beginning of period | 6,275 | 1,503 | 6,308 | |||
| Cash and cash equivalents, end of period | $4,880 | $6,275 | $10,003 | |||
| Supplemental disclosures of cash flow information | ||||||
| Cash paid for taxes | $29 | $4 | $ | - | ||
| Cash paid for interest | $56 | $18 | $ | - | ||
| Supplemental schedule of noncash investing and financing activities | ||||||
| Right of use asset obtained in exchange for lease liability | $393 | $230 | $ | - | ||
| 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 | $225 | $671 | $ | - | ||
| Common shares issued for debt extinguishment | $6,579 | $ | - | $ | - | |
| Common shares issued as commitment shares | $62 | $ | - | $ | - | |
| Warrant exercise – cashless | $ | - | $549 | $ | - | |
| Warrant exchange to Class A common stock | $ | - | $4,914 | $ | - | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.