v3.24.1.u1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current Assets    
Cash and cash equivalents $ 6,254 $ 9,284
Accounts receivable, net of credit losses of $26 and $231, respectively 568 1,187
Other receivables 61 83
Inventory, net 2,415 1,997
Notes receivable 6,145 150
Warrant asset 1,858 0
Prepaid expenses and other current assets 430 2,691
Current assets of discontinued operations 2,768 14,474
Total Current Assets 20,499 29,866
Property and equipment, net 277 342
Operating lease right-of-use asset, net 335 527
Software development costs, net 305 524
Long-term investments 0 666
Intangible assets, net 2,208 2,994
Other assets 145 143
Non-current assets of discontinued operations 0 22,573
Total Assets 23,769 57,635
Current Liabilities    
Accounts payable 2,449 720
Accrued liabilities 2,007 1,836
Operating lease obligation, current 201 207
Deferred revenue 625 546
Short-term debt 8,738 12,565
Acquisition liability 0 197
Warrant liability 919 0
Current liabilities of discontinued operations 1,960 8,643
Total Current Liabilities 16,899 24,714
Long Term Liabilities    
Operating lease obligation, noncurrent 141 334
Non-current liabilities of discontinued operations 0 472
Total Liabilities 17,040 25,520
Commitments and Contingencies (Note 26)
Stockholders’ Equity    
Common Stock - $0.001 par value; 500,000,000 shares authorized; 1,942,985 and 35,710 issued and 1,942,984 and 35,709 outstanding as of December 31, 2023 and December 31, 2022, respectively. 3 0
Additional paid-in capital 366,099 346,672
Treasury stock, at cost, 1 share (695) (695)
Accumulated other comprehensive income 630 1,061
Accumulated deficit (359,698) (313,739)
Stockholders’ Equity Attributable to XTI Aerospace, Inc. 6,339 33,299
Non-controlling Interest 390 (1,184)
Total Stockholders’ Equity 6,729 32,115
Total Liabilities and Stockholders’ Equity 23,769 57,635
Series 4 Convertible Preferred Stock    
Stockholders’ Equity    
Preferred Stock 0 0
Series 5 Convertible Preferred Stock    
Stockholders’ Equity    
Preferred Stock $ 0 $ 0

Source

10-K PDF
XBRL