CXApp (CXAI) 10-K 23 May 24 2023 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Dec. 31, 2023	May 20, 2024	Jun. 30, 2023
Document Type	10-K
Amendment Flag	false
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Dec. 31, 2023
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--12-31
Entity File Number	001-39642
Entity Registrant Name	CXApp Inc.
Entity Central Index Key	0001820875
Entity Tax Identification Number	85-2104918
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	Four Palo Alto Square
Entity Address, Address Line Two	Suite 200
Entity Address, Address Line Three	3000 El Camino Real
Entity Address, City or Town	Palo Alto
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94306
City Area Code	(650)
Local Phone Number	785-7171
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Entity Shell Company	false
Entity Public Float			$ 93,723,073
Entity Common Stock, Shares Outstanding		15,254,389
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction [Flag]	false
Auditor Name	Marcum LLP
Auditor Firm ID	688
Auditor Location	New York, NY
Common stock, $0.0001 par value per share
Title of 12(b) Security	Common stock, $0.0001 par value per share
Trading Symbol	CXAI
Security Exchange Name	NASDAQ
Warrants to purchase common stock
Title of 12(b) Security	Warrants to purchase common stock
Trading Symbol	CXAIW
Security Exchange Name	NASDAQ

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current Assets
Total current assets	$ 9,029	$ 8,798
Total Assets	36,581	33,433
Current Liabilities
Total current liabilities	10,316	8,645
Total Liabilities	11,183	9,842
Stockholders’ Equity
Total Stockholders’ Equity	25,398	23,591
Total Liabilities and Stockholders’ Equity	36,581	33,433
Successor [Member]
Current Assets
Cash and cash equivalents	6,275
Accounts receivable, net of allowance for credit losses of $2 and $5, respectively	1,956
Notes and other receivables	211
Prepaid expenses and other current assets	587
Total current assets	9,029
Property and equipment, net	115
Intangible assets, net	18,136
Operating lease right-of-use asset, net	486
Software development costs, net
Goodwill	8,737
Other assets	78
Total Assets	36,581
Current Liabilities
Accounts payable	975
Accrued liabilities	1,452
Deferred revenue	2,878
Acquisition liability
Warrant liability	1,683
Operating lease obligation, current	275
Note payable, net of debt discount of $834, unamortized financing costs of $14, and interest payable of $16 as of December 31, 2023	3,053
Total current liabilities	10,316
Operating lease obligation, noncurrent	230
Other noncurrent liabilities
Deferred tax liability	637
Total Liabilities	11,183
Stockholders’ Equity
Additional paid-in capital	83,282
Accumulated deficit	(57,801)
Accumulated other comprehensive income (loss)	(85)
Net parent investment
Total Stockholders’ Equity	25,398
Total Liabilities and Stockholders’ Equity	36,581
Successor [Member] | Common Class A [Member]
Stockholders’ Equity
Common Stock value	2
Successor [Member] | Common Class C [Member]
Stockholders’ Equity
Common Stock value
Predecessor [Member]
Current Assets
Cash and cash equivalents		6,308
Accounts receivable, net of allowance for credit losses of $2 and $5, respectively		1,338
Notes and other receivables		273
Prepaid expenses and other current assets		650
Total current assets		8,569
Property and equipment, net		202
Intangible assets, net		19,289
Operating lease right-of-use asset, net		681
Software development costs, net		487
Goodwill
Other assets		52
Total Assets		29,280
Current Liabilities
Accounts payable		1,054
Accrued liabilities		1,736
Deferred revenue		2,162
Acquisition liability		197
Warrant liability
Operating lease obligation, current		266
Note payable, net of debt discount of $834, unamortized financing costs of $14, and interest payable of $16 as of December 31, 2023
Total current liabilities		5,415
Operating lease obligation, noncurrent		444
Other noncurrent liabilities		30
Deferred tax liability
Total Liabilities		5,889
Stockholders’ Equity
Additional paid-in capital
Accumulated deficit
Accumulated other comprehensive income (loss)		1,155
Net parent investment		22,236
Total Stockholders’ Equity		23,391
Total Liabilities and Stockholders’ Equity		29,280
Predecessor [Member] | Common Class A [Member]
Stockholders’ Equity
Common Stock value
Predecessor [Member] | Common Class C [Member]
Stockholders’ Equity
Common Stock value

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Successor [Member]
Allowance for credit losses	$ 2
Debt discount	834
Unamortized financing cost	14
Interest payable	$ 16
Successor [Member] | Common Class A [Member]
Common stock, par value	$ 0.0001
Common stock, shares authorized	200,000,000
Common stock, shares issued	15,254,389
Common stock, shares outstanding	15,254,389
Successor [Member] | Common Class C [Member]
Common stock, par value	$ 0.0001
Common stock, shares authorized	10,000,000
Common stock, shares issued	0
Common stock, shares outstanding	0
Predecessor [Member]
Allowance for credit losses		$ 5
Predecessor [Member] | Common Class A [Member]
Common stock, par value		$ 0.0001
Common stock, shares authorized		200,000,000
Common stock, shares issued		0
Common stock, shares outstanding		0
Predecessor [Member] | Common Class C [Member]
Common stock, par value		$ 0.0001
Common stock, shares authorized		10,000,000
Common stock, shares issued		0
Common stock, shares outstanding		0

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	2 Months Ended	10 Months Ended	12 Months Ended
	Mar. 14, 2023	Dec. 31, 2023	Dec. 31, 2022
Successor [Member]
Revenues		$ 5,746
Cost of Revenues		1,268
Gross Profit		4,478
Operating Expenses
Research and development		5,309
Sales and marketing		3,242
General and administrative		5,374
Acquisition related costs		543
Amortization of intangible assets		2,162
Impairment of goodwill		36,056
Total Operating Expenses		52,686
Loss from Operations		(48,208)
Other Income (Expense)
Interest income (expense), net		65
Change in fair value of derivative liability		(4,714)
Other Expense		47
Total Other Income (Expense)		(4,602)
Net Loss, before tax		(52,810)
Income tax benefit/(expense)		3,572
Net Loss		(49,238)
Unrealized foreign exchange gain/(loss) from cumulative translation adjustments		(85)
Comprehensive Loss		$ (49,323)
Successor [Member] | Common Class A [Member]
Other Income (Expense)
Basic weighted average shares outstanding		11,403,393
Diluted weighted average shares outstanding		11,403,393
Basic net income (loss) per share		$ (4.32)
Diluted net income (loss) per share		$ (4.32)
Successor [Member] | Class C Common Stock [Member]
Other Income (Expense)
Basic weighted average shares outstanding
Diluted weighted average shares outstanding
Basic net income (loss) per share
Diluted net income (loss) per share
Predecessor [Member]
Revenues	$ 1,620		$ 8,470
Cost of Revenues	483		2,064
Gross Profit	1,137		6,406
Operating Expenses
Research and development	1,455		9,323
Sales and marketing	964		5,096
General and administrative	2,293		11,571
Acquisition related costs			16
Amortization of intangible assets	806		3,885
Impairment of goodwill	0		5,540
Total Operating Expenses	5,518		35,431
Loss from Operations	(4,381)		(29,025)
Other Income (Expense)
Interest income (expense), net	1		4
Change in fair value of derivative liability
Other Expense			(1)
Total Other Income (Expense)	1		3
Net Loss, before tax	(4,380)		(29,022)
Income tax benefit/(expense)			(153)
Net Loss	(4,380)		(29,175)
Unrealized foreign exchange gain/(loss) from cumulative translation adjustments	(28)		1,155
Comprehensive Loss	$ (4,408)		$ (28,020)

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Net Parent Investment [Member] Predecessor [Member]	AOCI Attributable to Parent [Member] Predecessor [Member]	AOCI Attributable to Parent [Member] Successor [Member]	Total [Member] Predecessor [Member]	Total [Member] Successor [Member]	Class A Common Stock [Member] Successor [Member]	Class C Common Stock [Member] Successor [Member]	Additional Paid-in Capital [Member] Successor [Member]	Retained Earnings [Member] Successor [Member]
Beginning balance, value at Dec. 31, 2021	$ 20,155	$ 56		$ 20,211
Net loss	(29,175)			(29,175)
Stock-based compensation allocated from parent	1,640			1,640
Parents’s common shares issued for CXApp earnout	3,697			3,697
Taxes paid related to net share settlement of restricted stock units	(104)			(104)
Net investment from parent	26,023			26,023
Cumulative translation adjustment		1,099		1,099
Ending balance, value at Dec. 31, 2022	22,236	1,155		23,391
Net loss	(4,380)			(4,380)
Stock-based compensation allocated from parent	158			158
Net investment from parent	8,680			8,680
Cumulative translation adjustment		(28)		(28)
Ending balance, value at Mar. 14, 2023	$ 26,694	$ 1,127		$ 27,821	$ (6,955)	$ 1		$ 1,607	$ (8,563)
Ending balance, shares at Mar. 14, 2023						7,034,999
Net loss					(49,238)				(49,238)
Cumulative translation adjustment			(85)		(85)
Shares issued in connection with Business Combination					69,928		$ 1	69,927
Shares issued in connection with Business Combination, shares						1,547,700	5,487,300
Stock-based compensation					925			925
Warrant exchange and exercise					10,134			10,134
Warrant exchange and exercise, shares						1,035,000
Warrant exercise – cashless					548			548
Warrant exercise - cash and cashless, shares						49,608
Mandatory conversion from Class C common stock to Class A common stock						$ 1	$ (1)
Mandatory conversion from Class C common stock to Class A common stock, shares						5,487,300	(5,487,300)
Common stock issuance – non-cash compensation					195			195
Common stock issuance - non-cash compensation, shares						99,782
Stock issuance cost					(54)			(54)
Ending balance, value at Dec. 31, 2023			$ (85)		$ 25,398	$ 2		$ 83,282	$ (57,801)
Ending balance, shares at Dec. 31, 2023						15,254,389

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	2 Months Ended	10 Months Ended	12 Months Ended
	Mar. 14, 2023	Dec. 31, 2023	Dec. 31, 2022
Successor [Member]
Operating activities
Net loss		$ (49,238)
Adjustments to reconcile net loss to net cash used in operating activities
Depreciation and amortization		75
Amortization of intangible assets		2,162
Amortization of right of use asset		298
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)
Stock-based compensation expense		1,080
Gain on change in fair value of earnout payable
(Gain) loss on foreign currency transactions		(44)
Change in fair value of derivative liability		4,714
Impairment of goodwill		36,056
Unrealized loss on note
Others
Change in operating assets and liabilities:
Accounts receivable and other receivables		300
Prepaid expenses and other current assets		719
Inventory
Other assets		(37)
Accounts payable		499
Accrued liabilities		(5,876)
Income tax liabilities
Operating lease liabilities		(306)
Deferred revenue		360
Net cash used in operating activities		(12,766)
Investing activities
Purchases of property and equipment		(57)
Investment in capitalized software
Cash acquired in connection with Business Combination		10,003
Net cash provided by (used in) investing activities		9,946
Financing activities
Net equity investment from parent
Taxes paid related to stock based compensation
Repayment of CXApp acquisition liability
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
Effect of exchange rate changes on cash and cash equivalents		(28)
Net increase in cash and cash equivalents		4,772
Cash and cash equivalents, beginning of period		1,503
Cash and cash equivalents, end of period	$ 1,503	6,275
Supplemental disclosures of cash flow information
Cash paid for taxes		4
Cash paid for interest		18
Supplemental schedule of noncash investing and financing activities
Right of use asset obtained in exchange for lease liability		230
Parent’s net equity issued for CXApp earnout
Noncash investment from parent
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
Predecessor [Member]
Operating activities
Net loss	(4,380)		$ (29,175)
Adjustments to reconcile net loss to net cash used in operating activities
Depreciation and amortization	228		646
Amortization of intangible assets	806		3,885
Amortization of right of use asset	40		266
Amortization of debt discount and deferred financing cost
Accrued interest expense on promissory note
Deferred income taxes
Provision for credit loss expense			5
Stock-based compensation expense	158		1,640
Gain on change in fair value of earnout payable			(2,827)
(Gain) loss on foreign currency transactions	(32)
Change in fair value of derivative liability
Impairment of goodwill	0		5,540
Unrealized loss on note			1,478
Others			(500)
Change in operating assets and liabilities:
Accounts receivable and other receivables	(857)		109
Prepaid expenses and other current assets	(20)		109
Inventory			117
Other assets			18
Accounts payable	(796)		400
Accrued liabilities	(787)		1,096
Income tax liabilities			(513)
Operating lease liabilities	(38)		(257)
Deferred revenue	534		(932)
Net cash used in operating activities	(5,144)		(18,895)
Investing activities
Purchases of property and equipment	(9)		(88)
Investment in capitalized software	(45)		(394)
Cash acquired in connection with Business Combination
Net cash provided by (used in) investing activities	(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
Repayment of related party promissory note
Warrant exercise - net
Net cash provided by financing activities	8,892		20,728
Effect of exchange rate changes on cash and cash equivalents	1		(71)
Net increase in cash and cash equivalents	3,695		1,280
Cash and cash equivalents, beginning of period	6,308	$ 10,003	5,028
Cash and cash equivalents, end of period	10,003		6,308
Supplemental disclosures of cash flow information
Cash paid for taxes			119
Cash paid for interest			1
Supplemental schedule of noncash investing and financing activities
Right of use asset obtained in exchange for lease liability			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
Financing of Director and Officer Insurance
Warrant exercise – cashless
Warrant exchange to Class A common stock

Organization, Nature of Busines

Organization, Nature of Business and Basis of Presentation	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Organization, Nature of Business and Basis of Presentation	Organization, Nature of Business and Basis of Presentation CXApp Inc. and its subsidiaries (“CXApp” or the “Company”) is in the business of delivering intelligent enterprise workplace experiences. The CXApp SaaS platform is anchored on the intersection of customer experience (CX) and artificial intelligence (AI) providing digital transformation for the physical workplace for enhanced experiences across people, places and things. The CXApp SaaS platform offers a suite of leading-edge technology workplace experience solutions including an enterprise employee application, indoor mapping, on-device positioning, augmented reality technologies, generative AI applications and an AI-based analytics platform, targeting the emerging hybrid workplace market. CXApp creates a connected workplace by reducing app overload, data fragmentation, and complex workflows and streamlines all capabilities through The Workplace SuperApp. All features, services and integrations are housed in one easy-to-access platform allowing businesses to deliver a more holistic employee experience in a hybrid workplace. On September 25, 2022, an Agreement and Plan of Merger (the “Merger Agreement”) was entered into by and among Inpixon, KINS, CXApp, and KINS Merger Sub Inc., a Delaware corporation and a wholly-owned subsidiary of KINS (“Merger Sub”), pursuant to which KINS acquired Inpixon’s enterprise apps business (including its workplace experience technologies, indoor mapping, events platform, augmented reality and related business solutions) (“Legacy CXApp”) in exchange for the issuance of shares of KINS capital stock (the “Business Combination”). As a result of the Business Combination, KINS changed their name to CXApp Inc. (“CXApp”). The shares are now trading on the Nasdaq using the ticker CXAI. The transaction closed on March 14, 2023. See Note 3 for more details. Unless the context otherwise requires, “we,” “us,” “our,” “CXApp” and the “Company” refer to CXApp Inc., a Delaware corporation, and its consolidated subsidiaries following the Business Combination (as defined below). Unless the context otherwise requires, references to “KINS” refer to KINS Technology Group Inc., a Delaware corporation (“KINS”), prior to the Business Combination. All references herein to the “Board” refer to the board of directors of the Company. “Legacy CXApp” refers to CXApp Holding Corp., a Delaware corporation and a wholly owned subsidiary of the Company, which the Company acquired through the Business Combination. Prior to the Separation (as defined below), Legacy CXApp was a wholly owned subsidiary of Inpixon, a Nevada corporation (“Inpixon”). The Business Combination was accounted for using the acquisition method (as a forward merger), with goodwill and other identifiable intangible assets recorded in accordance with GAAP, as applicable. Under this method of accounting, the “Enterprise Apps Business” (formerly known as CXApp) is treated as the “acquired” company for financial reporting purposes. KINS (now known as CXApp Inc.) has been determined to be the accounting acquirer because KINS maintains control of the Board of Directors and management of the combined company.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	NOTE 2 – Summary of Significant Accounting Policies Liquidity As of December 31, 2023 (Successor), the Company had a working capital deficit of approximately $ 1,287 6,275 49,238 12,766 5,876 The Company cannot assure that it will ever earn revenues sufficient to support their operations, or that it will ever achieve profitable operations. The Company’s recurring losses and utilization of cash in its operations are indicators of substantial doubt that the entity can continue as a going concern however, with the Company’s current liquidity position, the Company has taken steps to reduce operating expenses resulting in a more efficient cost structure. The Company discussed plans to finance its future working capital requirements and capital expenditures from cash generated from operating activities, cash raised under the equity line financing agreement for up to $10,000 thousand, with an initial draw of $2,500 thousand in the second quarter of 2024, and cash raised under the promissory note of $3,000 thousand dollars payable by December 2024. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America (“U.S. GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during each of the reporting periods. Actual results could differ from those estimates. The Company’s significant estimates consist of: ● the valuation of stock-based compensation; ● the valuation of warrant liabilities; ● the allowance for credit losses; ● the valuation allowance for deferred tax assets; and ● impairment of long-lived assets and goodwill. Basis of Presentation The accompanying consolidated financial statements are presented in U.S. dollars and have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”) and pursuant to the accounting and disclosure rules and regulations of the Securities and Exchange Commission (the “SEC”). Principles of Consolidation The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All intercompany balances have been eliminated in consolidation. Emerging Growth Company The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the independent registered public accounting firm attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and stockholder approval of any golden parachute payments not previously approved. Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s consolidated financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used. Cash and Cash Equivalents Cash and cash equivalents consist of cash, checking accounts, money market accounts, temporary investments and certificates of deposit with maturities of three months or less when purchased. As of December 31, 2023 (Successor), the Company had cash equivalents of approximately $5,584 thousand of certificates of deposit held by a number of banks limited to $250 thousand per bank with a duration of 90 days or less. As of December 31, 2022 (Predecessor), the Company had no cash equivalents. Accounts Receivable, net and Allowance for Credit Losses Accounts receivables are stated at the amount the Company expects to collect. The Company recognizes an allowance for credit loss to ensure accounts receivable are not overstated due to uncollectability. Allowance for credit losses is maintained for various customers based on a variety of factors, including the length of time the receivables are past due, significant one-time events and historical experience. An additional allowance for credit losses is recorded for individual accounts when the Company becomes aware of a customer’s inability to meet its financial obligation, such as in the case of bankruptcy filings, or deterioration in such customer’s operating results or financial position. If circumstances related to a customer change, estimates of the recoverability of receivables would be further adjusted. The Company adopted ASU 2016-13 in the first quarter of fiscal 2023, March 31, 2023, and the impact of the adoption was not material. The allowance for credit losses as of December 31, 2023 (Successor) is approximately $ 2 Property and Equipment, net Property and equipment are recorded at cost, less accumulated depreciation and amortization. The Company depreciates its property and equipment for financial reporting purposes using the straight-line method over the estimated useful lives of the assets, which range from 5 10 Intangible Assets Intangible assets primarily consist of developed technology, customer lists/relationships, non-compete agreements, intellectual property agreements, export licenses and trade names/trademarks. They are amortized ratably over a range of 5 10 Goodwill The Company tests goodwill for potential impairment at least annually, or more frequently if an event or other circumstance indicates that the Company may not be able to recover the carrying amount of the net assets of the reporting unit. The Company has determined that the reporting unit is the entire company, due to the integration of all of the Company’s activities. In evaluating goodwill for impairment, the Company may assess qualitative factors to determine whether it is more likely than not (that is, a likelihood of more than 50%) that the fair value of a reporting unit is less than its carrying amount. If the Company bypasses the qualitative assessment, or if the Company concludes that it is more likely than not that the fair value of a reporting unit is less than its carrying value, then the Company performs a quantitative impairment test by comparing the fair value of a reporting unit with its carrying amount. The determination of whether goodwill is impaired involves a significant level of judgment in these assumptions, and changes in our forecasts, business strategy, government regulations, or economic or market conditions could significantly impact these judgments, potentially decreasing the fair value of our reporting unit. Any resulting impairment charges could have a material impact on our results of operations. The Company calculates the estimated fair value of a reporting unit using a weighting of the income and market approaches. For the income approach, the Company uses internally developed discounted cash flow models that include the following assumptions, among others: projections of revenues, expenses, and related cash flows based on assumed long-term growth rates and demand trends; expected future investments to grow new units; and estimated discount rates. For the market approach, the Company uses internal analyses based primarily on market comparables. The Company bases these assumptions on its historical data and experience, third party appraisals, industry projections, micro and macro general economic condition projections, and its expectations. Based on its assessments, the Company incurred an impairment charge of $ 36,056 5,540 Leases and Right-of-Use Assets and Liabilities The Company determines if an arrangement is a lease at its inception. Operating lease liabilities are recognized at the lease commencement date based on the present value of lease payments over the lease term. The Company generally uses their incremental borrowing rate based on the information available at the lease commencement date in determining the present value of future payments, because the implicit rate of the lease is generally not known. Right-of-use assets related to the Company’s operating lease liabilities are measured at lease inception based on the initial measurement of the lease liability, plus any prepaid lease payments and less any lease incentives. The Company’s lease terms that are used in determining their operating lease liabilities at lease inception may include options to extend or terminate the leases when it is reasonably certain that the Company will exercise such options. The Company amortizes their right-of-use assets as operating lease expense generally on a straight-line basis over the lease term and classify both the lease amortization and imputed interest as operating expenses. The Company does not recognize lease assets and lease liabilities for any lease with an original lease term of less than one year. Income Taxes The Company accounts for income taxes using the asset and liability method. Accordingly, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in the tax rate is recognized in income or expense in the period that the change is effective. Income tax benefits are recognized when it is probable that the deduction will be sustained. A valuation allowance is established when it is more likely than not that all or a portion of a deferred tax asset will either expire before the Company is able to realize the benefit, or that future deductibility is uncertain. Comprehensive Income (Loss) and Foreign Currency Translation The Company reports comprehensive income (loss) and its components in its consolidated financial statements. Comprehensive loss consists of net loss and foreign currency translation adjustments, affecting stockholders’ equity that, under GAAP, are excluded from net loss. Assets and liabilities related to the Company’s foreign operations are calculated using the Philippine Peso and Canadian Dollar, and are translated at end-of period exchange rates, while the related revenues and expenses are translated at average exchange rates prevailing during the period. Gains or losses resulting from transactions denominated in foreign currencies are included in other income (expense) in the consolidated statements of operations. The Company engages in foreign currency denominated transactions with customers that operate in functional currencies other than the U.S. dollar. Aggregate foreign currency net transaction losses were not material for the period from March 15, 2023 to December 31, 2023 (Successor), for the period from January 1, 2023 to March 14, 2023 (Predecessor), and for the year ended December 31, 2022 (Predecessor). Debt Issuance Cost The costs related to the issuance of debt are capitalized and amortized to interest expense over the life of the related debt using the effective interest method. The amendments to FASB ASC 835-30 require that debt issuance costs be presented in the Consolidated Balance Sheet as a direct deduction from the carrying amount of debt, consistent with debt discounts or premiums. Revenue Recognition The Company recognizes revenue, in accordance with ASC 606, when control is transferred of the promised products or services to its customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those products or services. The Company derives revenue from its software as a service for cloud based software, as well as design, implementation and other professional services for work performed in conjunction with its cloud based software. The Company enters into contracts with its customers whereby it grants a non-exclusive cloud-based license for the use of its proprietary software and for professional services. The contracts may also provide for on-going services for a specified price, which may include maintenance services, designated support, and enhancements, upgrades and improvements to the software, depending on the contract. Licenses for cloud software provide the customer with a right to use the software as it exists when made available to the customer. All software provides customers with the same functionality and differs mainly in the duration over which the customer benefits from the software. CXApp has done an analysis of its revenue recognition process and found that the same steps taken by the Company agrees with ASC 606 – Revenue from Contracts with Customers. The standard’s core principle is that an entity will recognize revenue when it transfers goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled to in exchange for those goods or services. The new standard is a principles-based standard intended to better match the accounting for the transaction with the economics of the transaction. This requires entities to use more judgment and make more estimates than under previous revenue standards. The standard introduces a five-step model for revenue recognition that replaces the four criteria for revenue recognition under previous GAAP. The five steps are shown below: 1. Identify the contract with a customer, 2. Identify the performance obligations in the contract, 3. Determine the transaction price, 4. Allocate the transaction price to performance obligations, and 5. Recognize revenue when (or as) the entity satisfies a performance obligation License Subscription Revenue Recognition (Software As A Service) With respect to sales of the Company’s license agreements, customers generally pay fixed annual fees in advance in exchange for the Company’s software service provided via electronic means, which are generally recognized ratably over the license term. Some agreements allow the customer to terminate their subscription contracts before the end of the applicable term, and in such cases the customer is generally entitled to a refund pro-rata but only for the elapsed time remaining at the point of termination, which would approximate the deferred revenue at such time. The Company’s performance obligation is satisfied over time as the electronic services are provided continuously throughout the service period. The Company recognizes revenue evenly over the service period using a time-based measure because the Company is providing continuous access to its service. The Company’s customers generally pay within 30 to 60 days from the receipt of a customer approved invoice. The timing of the Company’s revenue recognition related to the licensing revenue stream is dependent on whether the software licensing agreement entered into represents a service. Software that relies on an entity’s IP and is delivered only through a hosting arrangement, where the customer cannot take possession of the software, is a service. Customers may purchase perpetual licenses or subscribe to licenses, which provide customers with the same functionality and differ mainly in the duration over which the customer benefits from the software. Renewals or extensions of licenses are evaluated as distinct licenses and revenue attributed to the distinct service is not recognized until (1) the entity provides the distinct license (or makes the license available) to the customer and (2) the customer is able to use and benefit from the distinct license. Renewal contracts are not combined with original contracts, and, as a result, the renewal right is evaluated in the same manner as all other additional rights granted after the initial contract. The revenue is not recognized until the customer can begin to use and benefit from the license, which is typically at the beginning of the license renewal period. The Company recognizes revenue resulting from renewal of licensed software over time. Professional Services Revenue Recognition The Company provides integration and software customization professional services to its customers. Professional services under milestone contracts are accounted for using the percentage of completion method. As soon as the outcome of a contract can be estimated reliably, contract revenue is recognized in the statement of operations in proportion to the stage of completion of the contract. Contract costs are expensed as incurred. Contract costs include all amounts that relate directly to the specific contract, are attributable to contract activity, and are specifically chargeable to the customer under the terms of the contract. Professional services are also contracted on the fixed fee and in some cases on a time and materials basis. Fixed fees are paid monthly, in phases, or upon acceptance of deliverables. The Company’s time and materials contracts are paid weekly or monthly based on hours worked. Revenue on time and material contracts is recognized based on a fixed hourly rate as direct labor hours are expended. Materials, or other specified direct costs, are reimbursed as actual costs and may include markup. The Company has elected the practical expedient to recognize revenue for the right to invoice because the Company’s right to consideration corresponds directly with the value to the customer of the performance completed to date. For fixed fee contracts provided by in house personnel, the Company recognizes revenue evenly over the service period using a time-based measure because the Company is providing continuous service. Because the Company’s contracts have an expected duration of one year or less, the Company has elected the practical expedient in ASC 606-10-50-14(a) to not disclose information about its remaining performance obligations. Anticipated losses are recognized as soon as they become known. For the period from March 15, 2023 to December 31, 2023 (Successor), for the period from January 1, 2023 to March 14, 2023 (Predecessor), and year ended December 31, 2022 (Predecessor), the Company did not incur any such losses. These amounts are based on known and estimated factors. Contract Balances The timing of the Company’s revenue recognition may differ from the timing of invoicing to and payment by its customers. The Company records an unbilled receivable when revenue is recognized prior to invoicing and the Company has an unconditional right to payment. Alternatively, when invoicing a customer precedes the Company providing of the related services, the Company records deferred revenue until the performance obligations are satisfied. The Company had deferred revenue of approximately $2,878 thousand and $2,162 thousand as of December 31, 2023 (Successor) and December 31, 2022 (Predecessor), respectively, related to customer invoices rendered in advance for software licenses and professional services provided by the Company’s technical staff. The Company expects to satisfy its remaining performance obligations for the deferred revenue associated with professional services, and recognize the deferred revenue related to licenses generally over the remaining contract term which is generally twelve months following the commencement of the license. The Company recognized revenue in the reporting period of $ 2,163 865 2,820 Costs to Obtain a Contract The Company recognizes eligible sales commissions as an asset within prepaid expenses and other current assets as the commissions are an incremental cost of obtaining a contract with the customer and the Company expects to recover these costs. The capitalized costs are amortized over the expected contract term. Cost to Fulfill a Contrac The Company incurs costs to fulfill their obligations under a contract once it has obtained the contract. These costs are generally not significant and are recorded to expense as incurred. Multiple Performance Obligations The Company enters into contracts with customers for its technology that include multiple performance obligations. Each distinct performance obligation was determined by whether the customer could benefit from the good or service on its own or together with readily available resources. The Company allocates revenue to each performance obligation based on its relative standalone selling price. The Company’s process for determining standalone selling price considers multiple factors including the Company’s internal pricing model and market trends that may vary depending upon the facts and circumstances related to each performance obligation. Sales and Use Taxes The Company presents transactional taxes such as sales and use tax collected from customers and remitted to government authorities on a net basis. Shipping and Handling Costs Shipping and handling costs are expensed as incurred as part of cost of revenues. These costs were deemed to be de minimis during each of the reporting periods. Research and Development Research and development (“R&D”) costs are expensed when incurred. R&D expenses consist primarily of personnel and related headcount costs, costs of professional services associated with the ongoing development of the Company’s technology, and allocated overhead. Business Combinations The Company accounts for business combinations under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 805 “Business Combinations” using the acquisition method of accounting, and accordingly, the assets and liabilities of the acquired business are recorded at their fair values at the date of acquisition. The excess of the purchase price over the estimated fair value is recorded as goodwill. All acquisition costs are expensed as incurred. Upon acquisition, the accounts and results of operations are included as of and subsequent to the acquisition date. Segments The Company and its Chief Executive Officer (“CEO”), acting as the Chief Operating Decision Maker (“CODM”) determines its reporting units in accordance with FASB ASC 280, “Segment Reporting” (“ASC 280”). The Company evaluates a reporting unit by first identifying its operating segments under ASC 280. The Company then evaluates each operating segment to determine if it includes one or more components that constitute a business. If there are components within an operating segment that meet the definition of a business, the Company evaluates those components to determine if they must be aggregated into one or more reporting units. If applicable, when determining if it is appropriate to aggregate different operating segments, the Company determines if the segments are economically similar and, if so, the operating segments are aggregated. The Company has one operating segment and reporting unit. The Company is organized and operated as one business. Management reviews its business as a single operating segment, using financial and other information rendered meaningful only by the fact that such information is presented and reviewed in the aggregate. Stock-Based Compensation The Company measures the cost of employee and non-employee services received in exchange for an award of equity instruments based on the grant date fair value of the award. The Company has issued stock-based compensation awards in the form of options and restricted stock units. Fair value for options and restricted stock units are valued using the closing price of the Company’s common stock on the date of grant. The grant date fair value is recognized over the requisite service period during which an employee and non-employee is required to provide service in exchange for the award. The grant date fair value of options is estimated using the Black-Scholes option pricing model based on the average of the high and low stock prices at the grant date for awards under the CXApp Inc. 2023 Equity Incentive Plan (the “Incentive Plan”). The risk-free interest rate assumptions were based upon the observed interest rates appropriate for the expected term of the equity instruments. The expected dividend yield is assumed to be zero as the Company has not paid any dividends since its inception and does not anticipate paying dividends in the foreseeable future. The Company uses the simplified method to estimate the expected term. The Company estimates forfeitures at the time of grant and revises these estimates in subsequent periods if actual forfeitures differ from those estimates. Derivative Warrant Liabilities The Company accounts for warrants as either equity-classified or liability-classified instruments based on an assessment of the warrant’s specific terms and applicable authoritative guidance in FASB ASC 480, “Distinguishing Liabilities from Equity” (“ASC 480”) and ASC 815, “Derivatives and Hedging” (“ASC 815”). The assessment considers whether the warrants are freestanding financial instruments pursuant to ASC 480, meet the definition of a liability pursuant to ASC 480, and whether the warrants meet all of the requirements for equity classification under ASC 815, including whether the warrants are indexed to the Company’s own common stock, among other conditions for equity classification. This assessment, which requires the use of professional judgment, is conducted at the time of warrant issuance and as of each subsequent quarterly period end date while the warrants are outstanding. The Company currently has two sets of warrants outstanding, known as the Private Placement Warrants and the Public Warrants, which are both classified as a liability. For issued or modified warrants that meet all of the criteria for equity classification, the warrants are required to be recorded as a component of additional paid-in capital at the time of issuance or modification. For issued or modified warrants that do not meet all the criteria for equity classification, the warrants are required to be recorded at their initial fair value on the date of issuance as a warrant liability, and adjusted to the then fair value in each balance sheet date thereafter. Changes in the estimated fair value of the warrants are recognized as a non-cash gain or loss on the consolidated statements of operations and amounted to approximately $ 4,714 Earnings Per Share The Company computes basic and diluted earnings per share by dividing net income by the weighted average number of common shares outstanding during the period. Diluted earnings per share are similarly calculated with the inclusion of dilutive common stock equivalents. For the year ended December 31, 2023, basic and dilutive net income (loss) per common share were the same since the inclusion of common shares issuable pursuant to the exercise of options, warrants, and vesting of restricted units in the calculation of diluted net loss per common shares would have been anti-dilutive. The following table summarizes the number of common shares and common share equivalents excluded from the calculation of diluted net loss per common share for the year ended December 31, 2023. Schedule of antidilutive shares Successor (in thousands) Year Ended Stock options 985 Restricted stock units 821 Warrants 21,032 Total 22,838 No calculation for Earnings Per Share was made for the year ended 2022 because CXApp only commenced operations in March 15, 2023. Fair Value Measurements FASB ASC 820, “Fair Value Measurements” (“ASC 820”), provides guidance on the development and disclosure of fair value measurements. The Company follows this authoritative guidance for fair value measurements, which defines fair value, establishes a framework for measuring fair value under generally accepted accounting principles in the United States, and expands disclosures about fair value measurements. The guidance requires fair value measurements be classified and disclosed in one of the following three categories: ● Level 1: Quoted prices (unadjusted) in active markets that are accessible at the measurement date for identical assets or liabilities. ● Level 2: Observable prices that are based on inputs not quoted on active markets but corroborated by market data. ● Level 3: Unobservable inputs which are supported by little or no market activity and values determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant judgment or estimation. Fair value measurements discussed herein are based upon certain market assumptions and pertinent information available to management. The fair value of the warrants has been measured based on the listed market price of such warrants, a Level 1 measurement. For the period ended March 15, 2023 to December 31, 2023 (Successor), the Company recognized an unrealized loss in the Statements of Operations and Comprehensive Income of $4,714 thousand which is presented as change in fair value of derivative liability. The Company accounts for its public and private warrants as a derivative liability initially measured at its fair values and remeasured in the consolidated statements of operations at the end of each reporting period. When the warrants are exercised, the corresponding derivative liability is de-recognized at the underlying fair value of the Class A common stock that is issued to the warrant holder less any cash paid in accordance with the warrant agreement. Upon either cash or cashless exercise, the de-recognized derivative liability results in an increase in additional paid in capital equal to the difference between the fair value of the underlying Class A common stock and its par value. A cashless exercise results in the warrant holder surrendering Class A common stock equal to the stated warrant exercise price based on the contractual terms in the warrant agreement that governs the cashless conversion. The following table shows the changes in fair value of the liabilities during the period ended December 31, 2023: Schedule of changes in fair value of the liabilities Balance at March 15, 2023 $ 2,649 Change in FV of derivative instruments (1,686 ) Balance at March 31, 2023 963 Change in FV of derivative instruments 12,040 Balance at June 30, 2023 $ 13,003 Change in FV of derivative instruments (5,220 ) FV of Warrants cash exercised and exchanged for Class A common stock (see Note 11 - Warrants (1,237 ) Loss on warrant extinguishment (3,894 ) FV of Warrants cashless exercised for Class A common stock (see Note 11 - Warrants (549 ) Balance at September 30, 2023 $ 2,103 Change in FV of derivative instruments (420 ) Balance at December 31, 2023 $ 1,683 Fair Value of Financial Instruments Financial instruments consist of cash and cash equivalents, accounts receivable, notes and other receivables and accounts payable. The Company determines the estimated fair value of such financial instruments presented in the financial statements is equal to its carrying value due to their short-term nature. Carrying Value, Recoverability and Impairment of Long-Lived Assets The Company follows FASB ASC 360 “Property, Plant, and Equipment” (“ASC 360”) for its long-lived assets. Pursuant to ASC 360-10-35-17, an impairment loss shall be recognized only if the carrying amount of a long-lived asset (asset group) is not recoverable and exc

Business Combination

Business Combination	12 Months Ended
	Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract]
Business Combination	NOTE 3 – Business Combination On March 14, 2023, the Company completed the Agreement and Plan of Merger (the “Merger Agreement”), by and among KINS, Inpixon, CXApp, and KINS Merger Sub Inc., a Delaware corporation and a wholly-owned subsidiary of KINS (“Merger Sub”), pursuant to which KINS combined with Legacy CXApp, Inpixon’s enterprise apps business (including its workplace experience technologies, indoor mapping, events platform, augmented reality and related business solutions) (the “Enterprise Apps Business”). In exchange for the aggregate purchase price of approximately $ 69,928 1,547,700 5,487,300 9.94 44,122 The Company has authorized Class A and Class C common stock. Class A common stock and New CXApp Class C common stock are identical in all respects, except that New CXApp Class C common stock is not listed and will automatically convert into New CXApp Class A common stock on the earlier to occur of (i) the 180 th The Business Combination is being accounted for as a business combination in accordance with ASC 805. The Company has determined preliminary fair values of the assets acquired and liabilities assumed in the Business Combination. These values are subject to change as we perform additional reviews of our assumptions utilized. The Company has made a provisional allocation of the purchase price of the Business Combination to the assets acquired and the liabilities assumed as of the closing date. The following table summarizes the preliminary purchase price allocations relating to the Business Combination (in thousands): Schedule of assets acquired Description Fair Value Weighted Purchase Price $ 69,928 Assets acquired: Cash and cash equivalents $ 10,003 Accounts receivable 2,226 Notes and other receivables 209 Prepaid assets and other current assets 588 Operating lease right of use asset 557 Property and equipment, net 133 Other assets 42 Developed technology 9,268 10 Patents 2,703 10 Customer relationships 5,604 5 Tradenames and trademarks 3,294 7 Total assets acquired $ 34,627 Liabilities assumed: Accounts payable $ 461 Accrued liabilities 911 Deferred revenues 2,534 Operating lease obligation, current 194 Operating lease obligation, noncurrent 384 Deferred tax liability 4,337 Total liabilities assumed 8,821 Goodwill $ 44,122 The value of the intangible assets were calculated by a third party valuation firm based on projections and financial data provided by management of the Company. Goodwill represents the excess fair value after allocation to the intangible assets. The calculated goodwill is not deductible for tax purposes. Total acquisition-related costs for the Business Combination were approximately $3,543 thousand. Of the total acquisition-related costs, approximately $ 3,000 543 Measurement Period The preliminary purchase price allocations for the acquisitions described above are based on initial estimates and provisional amounts. In accordance with ASC 805-10-25-13, if the initial accounting for a business combination is incomplete by the end of the reporting period in which the combination occurs, the acquirer shall report in its financial statements provisional amounts for the items for which the accounting is incomplete. During the measurement period, acquirer shall adjust the provisional amounts recognized at the acquisition date to reflect new information obtained about facts and circumstances that existed as of the acquisition date that, if known, would have affected the measurement of the amounts recognized as of that date. The Company continues to refine its inputs and estimates inherent in (i) the valuation of intangible assets, (ii) deferred income taxes, (iii) realization of tangible assets and (iv) the accuracy and completeness of liabilities. For the year ended December 31, 2023, the Company recognized a measurement period adjustment, which decreased prepaid assets and other current assets, developed technology, accounts payable and deferred tax liability by approximately $180 thousand, $571 thousand, $18 thousand and $137 thousand, respectively and increased accrued liabilities and goodwill by approximately $58 thousand and $671 thousand, respectively. CXApp Pro Forma Financial Information The following pro forma financial information presents the consolidated balance sheet and results of operations of the Company for the years ended December 31, 2023 and 2022 as if the acquisition had occurred as of the beginning of the first period presented (January 1, 2022). The pro forma information does not necessarily reflect the results of operations that would have occurred had the entities been a single company during those periods. CXAPP INC. AND SUBSIDIARIES UNAUDITED PRO FORMA CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands) Schedule of proforma financial information As of 2023 2022 Assets Current assets $ 9,029 $ 8,798 Noncurrent assets 27,552 24,635 Total assets $ 36,581 $ 33,433 Liabilities Current liabilities $ 10,316 $ 8,645 Noncurrent liabilities 867 1,197 Total liabilities $ 11,183 $ 9,842 Stockholders’ equity $ 25,398 $ 23,591 Total stockholders’ equity $ 25,398 $ 23,591 Total liabilities and equity $ 36,581 $ 33,433 CXAPP INC. AND SUBSIDIARIES UNAUDITED PRO FORMA CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND (in thousands) As of 2023 2022 Revenues $ 7,366 $ 8,470 Net loss $ (57,904 ) $ (20,828 )

Disaggregation of Revenue

Disaggregation of Revenue	12 Months Ended
	Dec. 31, 2023
Disaggregation Of Revenue
Disaggregation of Revenue	NOTE 4 – Disaggregation of Revenue The Company recognizes revenue when control is transferred of the promised products or services to its customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those products or services. The Company derives revenue from software as a service, design and implementation services for its enterprise apps solutions systems, and professional services for work performed in conjunction with its systems. Revenues consisted of the following (in thousands): Schedule of disaggregation of revenue Successor Predecessor Period from Period from Year ended Subscription revenue Software $ 4,560 $ 1,204 $ 5,476 Total subscription revenue $ 4,560 $ 1,204 $ 5,476 Non-subscription revenue Professional services $ 1,186 $ 416 $ 2,994 Total non-subscription revenue $ 1,186 $ 416 $ 2,994 Total revenue $ 5,746 $ 1,620 $ 8,470 Successor Predecessor Period from Period from Year ended Revenue recognized over time (1)(2) $ 5,746 $ 1,620 $ 8,470 Total $ 5,746 $ 1,620 $ 8,470 (1) Professional services are also contracted on the fixed fee and time and materials basis. Fixed fees are paid monthly, in phases, or upon acceptance of deliverables. The Company has generally elected the practical expedient to recognize revenue for the right to invoice because the Company’s right to consideration corresponds directly with the value to the customer of the performance completed to date, in which revenue is recognized over time. (2) Software As A Service Subscription Revenue’s performance obligation is satisfied evenly over the service period using a time-based measure because the Company is providing continuous access to its service and service is recognized over time.

Property and Equipment, net

Property and Equipment, net	12 Months Ended
	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Property and Equipment, net	NOTE 5 – Property and Equipment, net Property and equipment consisted of the following (in thousands): Schedule of property and equipment Successor Predecessor December 31, December 31, Computer and office equipment $ 179 $ 992 Furniture and fixtures 12 185 Leasehold improvements 6 28 Software 1 8 Total 198 1,213 Less: accumulated depreciation and amortization (83 ) (1,011 ) Total Property and Equipment, Net $ 115 $ 202 Depreciation and amortization expense were approximately $ 75 19 119

Software Development Costs, net

Software Development Costs, net	12 Months Ended
	Dec. 31, 2023
Software Development Costs Net
Software Development Costs, net	NOTE 6 – Software Development Costs, net Capitalized software development costs consisted of the following (in thousands): Schedule of capitalized software development Successor Predecessor December 31, December 31, Capitalized software development costs $ - $ 2,680 Accumulated amortization - (2,193 ) Software development costs, net $ - $ 487 Amortization expense for capitalized software development costs was approximately $ 209 527 no

Goodwill and Intangible Assets,

Goodwill and Intangible Assets, net	12 Months Ended
	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets, net	NOTE 7 – Goodwill and Intangible Assets, net The Company reviews goodwill for impairment on a reporting unit basis on December 31 of each year and whenever events or changes in circumstances indicate the carrying value of goodwill may not be recoverable. The Company noted that the carrying amount of Goodwill as of December 31, 2023 was $ 8,737 Factors that may be considered a change in circumstances indicating that the carrying value of our goodwill or amortizable intangible assets may not be recoverable include a decline in industry and market considerations, technological advancements, and the Company’s financial performance. We completed our annual goodwill impairment evaluation as of December 31, 2023. As a result, the Company incurred an impairment loss of $ 36,056 Goodwill consisted of the following (in thousands): Acquisition Amount Balance as of March 15, 2023 $ - Acquisition of Legacy CXApp 44,122 Measurement Period Adjustments 671 Impairment (36,056 ) Balance as of December 31, 2023 $ 8,737 Intangible assets consisted of the following (in thousands): Schedule of intangible assets December 31, 2023 December 31, 2022 (Predecessor) Weighted Gross Accumulated Net Gross Accumulated Net Trade Name/Trademarks 6.17 $ 3,294 $ (373 ) $ 2,921 $ 2,183 $ (725 ) $ 1,458 Customer Relationships 4.17 5,604 (887 ) 4,717 6,401 (1,765 ) 4,636 Developed Technology 9.17 8,697 (688 ) 8,009 15,179 (3,398 ) 11,781 Non-compete Agreements - - - - 3,150 (1,736 ) 1,414 Patents and Intellectual Property 9.17 2,703 (214 ) 2,489 - - - Totals $ 20,298 $ (2,162 ) $ 18,136 $ 26,913 $ (7,624 ) $ 19,289 Future amortization expense on intangible assets as of December 31, 2023 is anticipated to be as follows (in thousands): Schedule of future amortization expense For the Years Ending December 31, Amount 2024 $ 2,731 2025 2,731 2026 2,731 2027 2,731 2028 1,844 2029 and thereafter 5,368 Total $ 18,136

Deferred Revenue

Deferred Revenue	12 Months Ended
	Dec. 31, 2023
Deferred Revenue
Deferred Revenue	NOTE 8 – Deferred Revenue Deferred revenue consisted of the following (in thousands): Schedule of deferred revenue Successor License Professional Total Deferred Revenue - March 15, 2023 $ 2,148 $ 386 $ 2,534 Revenue recognized (4,560 ) (1,186 ) (5,746 ) Revenue deferred 4,816 1,274 6,090 Deferred Revenue - December 31, 2023 $ 2,404 $ 474 $ 2,878 Predecessor License Professional Total Deferred Revenue - January 1, 2022 $ 2,524 $ 622 $ 3,146 Revenue recognized (5,476 ) (2,994 ) (8,470 ) Revenue deferred 4,883 2,603 7,486 Deferred Revenue - December 31, 2022 $ 1,931 $ 231 $ 2,162 Deferred revenues were approximately $ 2,878 2,534 2,162 The fair value of the deferred revenue approximates the services to be rendered given the short term period over which it is expected to be recognized.

Accrued Liabilities

Accrued Liabilities	12 Months Ended
	Dec. 31, 2023
Payables and Accruals [Abstract]
Accrued Liabilities	NOTE 9 – Accrued Liabilities Accrued liabilities consisted of the following (in thousands): Schedule of accrued Liabilities Successor Predecessor December 31, December 31, Accrued compensation and benefits $ 387 $ 586 Accrued bonus and commissions 108 422 Income tax payables 74 - Accrued rent - 559 Accrued transaction costs 13 - Accrued sales and other indirect taxes payable 12 86 Accrued other 858 83 Accrued liabilities $ 1,452 $ 1,736

Promissory Note

Promissory Note	12 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
Promissory Note	NOTE 10 – Promissory Note Note payable as of December 31, 2023 consisted of the following: (In thousands) Principal amount $ 3,885 Less: Unamortized original issue discount 834 Unamortized debt issuance cost 14 $ 3,037 Add: Accrued interest payable 16 $ 3,053 On December 15, 2023, we entered into a note purchase agreement with Streeterville Capital, LLC (the “Lender”), pursuant to which we agreed to issue and sell to the Lender an unsecured promissory note (the “Note”) in an aggregate initial principal amount of $ 3,885 3,000 Interest on the Note accrues at a rate of 10% per annum and is payable on the maturity date. A monitoring fee of 10% of the outstanding balance will be charged starting six (6) months from the issuance of the Note to cover Lender’s accounting, legal and other costs incurred in monitoring. The foregoing fee shall automatically be added to the outstanding balance on the applicable date without any further action by either party. The Lender shall have the right to redeem up to an aggregate of 1/6th of the initial principal balance of the Note plus any interest accrued thereunder each month by providing written notice delivered to us; provided, however, that if the Lender does not exercise any monthly redemption amount in its corresponding month then such monthly redemption amount shall be available for the Lender to redeem in any further month in addition to such future month’s monthly redemption amount. Upon receipt of any monthly redemption notice, we shall pay the applicable monthly redemption amount in cash to the Lender within five (5) business days of the Company’s receipt of such monthly redemption notice. The Note includes customary event of default provisions, subject to certain cure periods, and provides for a default interest rate of 22%. Upon the occurrence of an event of default, interest would accrue on the outstanding balance beginning on the date the applicable event of default occurred at an interest rate equal to the lesser of twenty-two percent (22%) or the maximum rate permitted under applicable law. As of May 15, 2024, there is an aggregate outstanding principal and interest balance of approximately $ 4,050 During the period from March 15, 2023 to December 31, 2023, interest expense recognized on the consolidated statement of operations and comprehensive loss is approximately $ 53

Warrants

Warrants	12 Months Ended
	Dec. 31, 2023
Warrants
Warrants	NOTE 11 – Warrants Public Warrants As of December 31, 2023, there were 10,752 none 11.50 The Public Warrants is exercisable and will expire on March 15, 2028 or earlier upon redemption or liquidation. Public Warrants may only be exercised for a whole number of shares. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. The Company will not be obligated to deliver any shares of Class A common stock pursuant to the exercise of a warrant and will have no obligation to settle such warrant exercise unless a registration statement under the Securities Act covering the issuance of the shares of Class A common stock underlying the warrants is then effective and a prospectus relating thereto is current, subject to the Company satisfying its obligations with respect to registration. No warrant will be exercisable, and the Company will not be obligated to issue shares of Class A common stock upon exercise of a warrant unless Class A common stock issuable upon such warrant exercise has been registered, qualified or deemed to be exempt under the securities laws of the state of residence of the registered holder of the warrants. On July 13, 2023, warrant holders exercised 435 11.50 5,002 On July 14, 2023, the Company entered into a Warrant Exchange Agreement (the “Agreement”) with third party investor (the “Warrant Holder”) with respect to warrants to purchase an aggregate of 2,000 0.0001 600 4,914 3,900 For the quarter ended September 30, 2023, about 613 50 Private Warrants As of December 31, 2023, there were 10,280 none Public and private warrant exercise activity and underlying Common Stock issued or surrendered for the year ended December 31, 2023, is: Schedule of public and private warrant exercise activity Public Warrants Private Total January 1, 2023 13,800,000 10,280,000 24,080,000 Warrants exchanged and exercised – cash (2,435,000 ) - (2,435,000 ) Warrants exercised – cashless (613,138 ) - (613,138 ) December 31, 2023 10,751,862 10,280,000 21,031,862

Stock Option Plan and Stock-Bas

Stock Option Plan and Stock-Based Compensation	12 Months Ended
	Dec. 31, 2023
Stock Option Plan And Stock-based Compensation
Stock Option Plan and Stock-Based Compensation	NOTE 12 – Stock Option Plan and Stock-Based Compensation To calculate the stock-based compensation resulting from the issuance of options, the Company uses the Black-Scholes option pricing model, which is affected by the Company’s fair value of its stock price as well as assumptions regarding a number of subjective variables. These variables include, but are not limited to, the Company’s expected stock price volatility over the term of the awards, and actual and projected employee stock option exercise behaviors. 2023 Equity Incentive Plan At the special meeting held on March 10, 2023, the KINS stockholders considered and approved, among other things, the Incentive Plan. The Incentive Plan was previously approved, subject to stockholder approval, by KINS’ board of directors. The Incentive Plan became effective immediately upon the closing of the Business Combination. Pursuant to the terms of the Incentive Plan, there are 2,110,500 Employee Stock Options During the year ended December 31, 2023, a total of 1,377,172 2 10 0.90 1.53 See below for a summary of the stock options granted under the Incentive Plan: Schedule of stock options Number of Weighted- Weighted Weighted- Fair Value at Options outstanding at January 1, 2023 - $ - - $ - Granted 1,377,172 1.53 Forfeited (392,272 ) 1.53 Options outstanding at December 31, 2023 984,900 $ 1.53 9.25 $ 0.90 Options exercisable at December 31, 2023 - $ - - - The Company incurred stock-based compensation expenses associated with options of approximately $ 239 1,640 As of December 31, 2023 (Successor), the remaining unrecognized stock compensation expense totaled approximately $ 394 1.24 The fair value of each employee option grant is estimated on the date of the grant using the Black-Scholes option-pricing model. Key weighted-average assumptions used to apply this pricing model during the year ended December 31, 2023 (Successor) were as follows: Schedule of assumptions used Risk-free interest rate 3.67% Expected life of option grants 5.75 Expected volatility of underlying stock 61.65% Dividends assumption $ - Restricted Stock Units During the period from March 15, 2023 to December 31, 2023 (Successor), a total of 526,165 The fair value of the common stock as of the various grant dates was determined to be $ 6.13 11.80 7.80 40,000 Restricted stock unit compensation expense was $ 686 As of December 31, 2023 (Successor), the Company has approximately $ 1,796 1.42

Common Stock

Common Stock	12 Months Ended
	Dec. 31, 2023
Equity [Abstract]
Common Stock	NOTE 13 – Common Stock In March 2023, the Company issued 100,000 shares of Class A Common Stock as a compensation to BTIG, LLC (BTIG) for a one-year strategic and capital markets advisory services to be provided to the Company effective on the business day following the Business Combination. During the period March 15, 2023 to December 31, 2023, the Company recorded compensation amounted to $155 thousand which is included in the general and administrative expenses of the consolidated statements of operations and comprehensive loss and in the consolidated statements of cash flows as stock-based compensation. Following the Business Combination, the Company’s Class C Common Stock is subject to transfer restrictions and will automatically convert into the Company’s Class A Common Stock on the earlier to occur of (i) the 180th day following the closing of the Merger and (ii) the day that the last reported sale price of the New CXApp Class A Common Stock equals or exceeds $12.00 per share for any 20 trading days within any 30-trading day period following the closing of the Merger. On September 10, 2023, the Company’s 5,487,300 5,487,300 0.0001

Income Tax

Income Tax	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Income Tax	NOTE 14 – Income Tax The Company’s net deferred tax assets/(liabilities) consisted of the effects of temporary differences attributable to the following: Schedule of company’s net deferred tax assets Successor Predecessor (In thousands) December 31, December 31, Organizational costs/startup expenses $ 1,031 $ - Deferred revenue 41 - Section 174 - software development cost 1,097 - Stock based compensation 164 549 Research credits - 123 Other accruals 50 49 Fixed assets - 22 Other - 1,328 Net operating loss carryforward 2,202 17,038 Total deferred tax asset 4,585 19,109 Less: Valuation allowance (871 ) (14,403 ) Deferred tax asset, net of valuation allowance $ 3,714 $ 4,706 Successor Predecessor December 31, December 31, Intangibles $ (4,338 ) $ (4,386 ) Property, plant & equipment (13 ) (13 ) Other - (177 ) Capitalized research - (127 ) Total deferred tax liabilities (4,351 ) (4,703 ) Net Deferred Tax Asset (Liability) $ (637 ) $ 3 The income tax provision consists of the following for the years ended December 31, 2023 and 2022: Schedule of income tax provision Successor Predecessor Period from Period from Year ended Foreign Current $ - $ - $ 152 Deferred - 4,054 (1,533 ) Federal Current (7 ) - - Deferred (2,154 ) (637 ) (2,697 ) State and Local Current 19 - 3 Deferred (506 ) (273 ) (743 ) Total (2,648 ) 3,144 (4,818 ) Change in valuation allowance (924 ) (3,144 ) 4,971 Income tax expense/(benefit) $ (3,572 ) $ - $ 153 As of December 31, 2023, the Company has U.S. federal and state net operating loss carryover of approximately $ 4,973 4,776 Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. In assessing the realization of deferred tax assets, management considers, whether it is “more likely than not”, that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which temporary differences representing net future deductible amounts become deductible. Deferred income tax is presented under noncurrent liabilities and in other assets in the consolidated balance sheet as of December 31, 2023 and 2022, respectively. In assessing the realization of the deferred tax assets, management considers whether it is more likely than not that some portion of all the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which temporary differences representing net future deductible amounts become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. After consideration of all the information available, management believes that it is more likely that the deferred tax assets will be realized in foreseeable future and has therefore recognized the entire opening valuation allowance of $924 thousand. For the period from March 15, 2023 to December 31, 2023 (Successor), for the period from January 1, 2023 to March 14, 2023 (Predecessor), and for the year ended December 31, 2022 (Predecessor), the change in valuation allowance was ($924) ($3,144) 4,971 The Company’s policy for recording interest and penalties associated with unrecognized tax benefits is to record such interest and penalties as interest expense and as a component of income tax expense. There were no amounts accrued for interest or penalties for the years ended December 31, 2023 and 2022. Management does not expect any material changes in its unrecognized tax benefits in the next year. A reconciliation of the federal income tax rate to the Company’s effective tax rate for the years ended December 31, 2023 and 2022 are as follows: Schedule of reconciliation of the federal income tax rate to the Company’s effective tax rate Successor Predecessor Period from Period from Year ended Statutory federal income tax rate 21.00 % 21.00 % 21.00 % Incentive stock options - % (0.30 )% (0.16 )% Change in fair value of derivative warrant liabilities (2.18 )% - % - % Goodwill impairment loss (14.34 )% - % (4.00 )% US-Foreign income tax rate difference - % 1.30 % 1.02 % Permanent difference 0.22 % 0.07 % (1.01 )% Cancellation of debt income - % (101.38 )% - % Rate differential on foreign earnings 0.24 % - % - % State taxes, net of federal tax benefit 0.93 % 3.49 % 2.01 % Current federal tax true-up 0.01 % - % - % Provision to return adjustments - % - % (1.29 )% Deferred only adjustment - % 4.80 % (0.91 )% Other - % (0.35 )% (0.06 )% Valuation allowance 0.88 % 71.31 % (17.13 )% Income tax provision 6.76 % - % (0.53 )% The Company files income tax returns in the U.S. federal jurisdiction in various state and local jurisdictions as well as in foreign jurisdictions and is subject to examination by the various taxing authorities. The Company recorded an income tax benefit of approximately $ 3,572 153 none The effective tax rate for the year ended December 31, 2023 (Successor) was 6.76% 4,217

Credit Risk and Concentrations

Credit Risk and Concentrations	12 Months Ended
	Dec. 31, 2023
Risks and Uncertainties [Abstract]
Credit Risk and Concentrations	NOTE 15 – Credit Risk and Concentrations Financial instruments that subject the Company to credit risk consist principally of trade accounts receivable and cash and cash equivalents. The Company performs certain credit evaluation procedures and does not require collateral for financial instruments subject to credit risk. The Company believes that credit risk is limited because the Company routinely assesses the financial strength of its customers and, based upon factors surrounding the credit risk of its customers, establishes an allowance for credit losses and, consequently, believes that its accounts receivable credit risk exposure beyond such allowances is limited. The Company maintains cash deposits with financial institutions, which, from time to time, may exceed federally insured limits. Any loss incurred or a lack of access to such funds could have a significant adverse impact on the Company’s financial condition, results of operations, and cash flows. Cash is also maintained at foreign financial institutions for its Canadian and Philippines subsidiaries. Cash in foreign financial institutions as of December 31, 2023 (Successor) was $300 thousand. Cash in foreign financial institutions as of December 31, 2022 (Predecessor) was not significant. The Company has not experienced any losses and believes it is not exposed to any significant credit risk from cash. However, any loss incurred or lack of access to such funds could have a significant impact on the Company’s financial condition, results of operations, and cash flows. Our top three customers accounted for approximately 22% 27% 12% 11%

Foreign Operations

Foreign Operations	12 Months Ended
	Dec. 31, 2023
Foreign Operations
Foreign Operations	NOTE 16 – Foreign Operations The Company’s operations are located primarily in the United States, Canada, and the Philippines. Revenues by geographic area are attributed by country of domicile of the Company’s subsidiaries. The financial data by geographic area are as follows (in thousands): Schedule of financial data by geographic area United States Canada India Philippines Eliminations Total For the Period from March 15, 2023 to December 31, 2023 (Successor) Revenues by geographic area $ 4,838 $ 908 $ - $ 884 $ (884 ) $ 5,746 Operating income (loss) by geographic area $ (46,018 ) $ (2,380 ) $ - $ 190 $ - $ (48,208 ) Net income (loss) by geographic area $ (47,073 ) $ (2,332 ) $ - $ 188 $ (21 ) $ (49,238 ) For the Period from January 1, 2023 to March 14, 2023 (Predecessor) Revenues by geographic area $ 1,395 $ 285 $ - $ 160 $ (220 ) $ 1,620 Operating income (loss) by geographic area $ (3,479 ) $ (905 ) $ - $ 3 $ - $ (4,381 ) Net income (loss) by geographic area $ (3,342 ) $ (1,041 ) $ - $ 3 $ - $ (4,380 ) For the Year Ended December 31, 2022 (Predecessor) Revenues by geographic area $ 7,011 $ 2,061 $ 1,345 $ 166 $ (2,113 ) $ 8,470 Operating income (loss) by geographic area $ (22,358 ) $ (7,163 ) $ 569 $ (96 ) $ 23 $ (29,025 ) Net income (loss) by geographic area $ (21,774 ) $ (7,769 ) $ 467 $ (99 ) $ - $ (29,175 ) As of December 31, 2023 (Successor) Identifiable assets by geographic area $ 38,143 $ 627 $ - $ 434 $ (2,623 ) $ 36,581 Long lived assets by geographic area $ 18,269 $ 320 $ - $ 148 $ - $ 18,737 Goodwill by geographic area $ 8,737 $ - $ - $ - $ - $ 8,737 As of December 31, 2022 (Predecessor) Identifiable assets by geographic area $ 24,591 $ 5,484 $ 228 $ 415 $ (1,438 ) $ 29,280 Long lived assets by geographic area $ 15,558 $ 4,788 $ 98 $ 215 $ - $ 20,659 Goodwill by geographic area $ - $ - $ - $ - $ - $ -

Leases

Leases	12 Months Ended
	Dec. 31, 2023
Leases [Abstract]
Leases	NOTE 17 – Leases The Company has operating leases for administrative offices in Canada, the Philippines, and the United States. The Manila, Philippines office lease expires in May 2025, the Canada lease expires in May 2026, and the United States office lease expires in April 2024. The Company has no other operating or financing leases with terms greater than 12 months. Lease expense for operating leases recorded on the balance sheet is based on the future minimum lease payments recognized on a straight-line basis over the term of the lease plus any variable lease costs. Operating lease expenses, inclusive of short-term and variable lease expenses, recognized in the Company’s consolidated statement of operations for the period from March 15, 2023 to December 31, 2023 (Successor), for the period from January 1, 2023 to March 14, 2023 (Predecessor), and for the year ended December 31, 2022 (Predecessor) was approximately $ 345 57 681 Operating lease liabilities are based on the net present value of the remaining lease payments over the remaining lease term. In determining the present value of lease payments, the Company used its incremental borrowing rate based on the information available at the date of adoption of ASC 842 “Leases” (“ASC 842”). As of December 31, 2023, the weighted average remaining lease term is 1.4 8.0% 2.82 8.0% Schedule of operating leases (in thousand) Operating Year 2024 $ 315 Year 2025 177 Year 2026 60 Total lease payments 552 Less: Imputed interest (47 ) Present value of lease liabilities $ 505

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 18 – Commitments and Contingencies Risks and Uncertainties Various social and political circumstances in the United States and around the world (including wars and other forms of conflict, including rising trade tensions between the United States and China, and other uncertainties regarding actual and potential shifts in the United States and foreign, trade, economic and other policies with other countries, terrorist acts, security operations and catastrophic events such as fires, floods, earthquakes, tornadoes, hurricanes and global health epidemics) may also contribute to increased market volatility and economic uncertainties or deterioration in the United States and worldwide. Specifically, the rising conflict between Russia and Ukraine, and resulting market volatility could adversely affect the value of the Company’s securities. In response to the conflict between Russia and Ukraine, the United States and other countries have imposed sanctions or other restrictive actions against Russia. Any of the above factors, including sanctions, export controls, tariffs, trade wars and other governmental actions, could have a material adverse effect on the value of the Company’s securities. Management continues to evaluate the impact of these types of risks and has concluded that while it is reasonably possible that these risks and uncertainties could have a negative effect on the Company’s financial position and results of its operations, the specific impact is not readily determinable as of the date of these consolidated financial statements. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty. Litigation Certain conditions may exist as of the date the financial statements are issued which may result in a loss to the Company, but which will only be resolved when one or more future events occur or fail to occur. The Company assesses such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company, or unasserted claims that may result in such proceedings, the Company evaluates the perceived merits of any legal proceedings or unasserted claims, as well as the perceived merits of the amount of relief sought or expected to be sought therein. If the assessment of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Company’s financial statements. If the assessment indicates that a potentially material loss contingency is not probable, but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability and an estimate of the range of possible losses, if determinable and material, would be disclosed. Loss contingencies considered remote are generally not disclosed, unless they involve guarantees, in which case the guarantees would be disclosed. There can be no assurance that such matters will not materially and adversely affect the Company’s business, financial position, and results of operations or cash flows.

Supplementary Financial Informa

Supplementary Financial Information	12 Months Ended
	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Supplementary Financial Information	NOTE 19 – Supplementary Financial Information Quarterly Financial Information (unaudited)—The quarterly results for the years ended December 31, 2023 and 2022 are summarized below (in thousands, except per share amounts): Schedule of supplementary financial information Successor Predecessor 2023 Fourth Third Second Period from March 31, Period from March 14, Total Net Revenue 1,719 1,770 1,915 342 1,620 7,366 Gross Profit 1,376 1,412 1,435 255 1,137 5,615 Net Income / (Loss) (38,707 ) 1,441 (14,730 ) 2,758 (4,380 ) (42,580 ) Basic and diluted weighted average shares outstanding, Class A common stock 15,254,389 10,818,459 8,582,699 8,582,699 - - Basic and diluted net income (loss) per share, Class A common stock (2.54 ) 0.13 (1.05 ) 0.20 - - Basic and diluted weighted average shares outstanding, Class C common stock - - 5,487,300 5,487,300 - - Basic and diluted net income (loss) per share, Class C common stock - - (1.05 ) 0.20 - - Predecessor 2022 Fourth Third Second First Total Net Revenue 1,997 1,742 2,149 2,582 8,470 Gross Profit 1,561 1,243 1,609 1,993 6,406 Net Income / (Loss) (5,541 ) (10,929 ) (11,034 ) (1,671 ) (29,175 )

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2023
Subsequent Events [Abstract]
Subsequent Events	NOTE 20 – Subsequent Events The Company evaluated subsequent events and transactions that occurred after December 31, 2023 up to the date that the consolidated financial statements were issued. On January 3, 2024, the Company decided to streamline operations with a reorganization to drive efficiency using advanced technologies and a regional product and engineering support model. The Company is fully committed to all of its existing products and customers as well as its roadmap of AI based analytics and applications. As a result of this realignment, the Company expects operational efficiencies in excess of 25% as well as enhanced customer experiences moving forward. In connection with the realignment described above, on January 3, 2024, it was determined that Leon Papkoff, Chief Product Officer, will separate from the Company effective January 4, 2024. The decision was not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. Mr. Papkoff’s separation from employment will be treated per his employment agreement with the Company dated March 29, 2023. On April 18, 2024, the Company received a notice (the “Notice”) from The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, because the Company is delinquent in filing its 2023 Form 10-K, the Company no longer complies with Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”), which requires companies with securities listed on Nasdaq to timely file all required periodic reports with the SEC. In accordance with Nasdaq’s listing rules, the Company has 60 calendar days after the Notice to submit a plan of compliance (the “Plan”) to Nasdaq addressing how the Company intends to regain compliance with Nasdaq’s listing rules, and Nasdaq has the discretion to grant the Company up to 180 calendar days from the due date of the 2023 Form 10-K, or October 14, 2024, to regain compliance. The Company intends to submit the Plan and take the necessary steps to regain compliance with Nasdaq’s listing rules as soon as practicable. On May 22, 2024, the Company entered into an equity line financing agreement for up to $10,000 thousand, with an initial draw of $2,500 thousand in the second quarter of 2024.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Liquidity	Liquidity As of December 31, 2023 (Successor), the Company had a working capital deficit of approximately $ 1,287 6,275 49,238 12,766 5,876 The Company cannot assure that it will ever earn revenues sufficient to support their operations, or that it will ever achieve profitable operations. The Company’s recurring losses and utilization of cash in its operations are indicators of substantial doubt that the entity can continue as a going concern however, with the Company’s current liquidity position, the Company has taken steps to reduce operating expenses resulting in a more efficient cost structure. The Company discussed plans to finance its future working capital requirements and capital expenditures from cash generated from operating activities, cash raised under the equity line financing agreement for up to $10,000 thousand, with an initial draw of $2,500 thousand in the second quarter of 2024, and cash raised under the promissory note of $3,000 thousand dollars payable by December 2024.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America (“U.S. GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during each of the reporting periods. Actual results could differ from those estimates. The Company’s significant estimates consist of: ● the valuation of stock-based compensation; ● the valuation of warrant liabilities; ● the allowance for credit losses; ● the valuation allowance for deferred tax assets; and ● impairment of long-lived assets and goodwill.
Basis of Presentation	Basis of Presentation The accompanying consolidated financial statements are presented in U.S. dollars and have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”) and pursuant to the accounting and disclosure rules and regulations of the Securities and Exchange Commission (the “SEC”).
Principles of Consolidation	Principles of Consolidation The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All intercompany balances have been eliminated in consolidation.
Emerging Growth Company	Emerging Growth Company The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the independent registered public accounting firm attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and stockholder approval of any golden parachute payments not previously approved. Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s consolidated financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents consist of cash, checking accounts, money market accounts, temporary investments and certificates of deposit with maturities of three months or less when purchased. As of December 31, 2023 (Successor), the Company had cash equivalents of approximately $5,584 thousand of certificates of deposit held by a number of banks limited to $250 thousand per bank with a duration of 90 days or less. As of December 31, 2022 (Predecessor), the Company had no cash equivalents.
Accounts Receivable, net and Allowance for Credit Losses	Accounts Receivable, net and Allowance for Credit Losses Accounts receivables are stated at the amount the Company expects to collect. The Company recognizes an allowance for credit loss to ensure accounts receivable are not overstated due to uncollectability. Allowance for credit losses is maintained for various customers based on a variety of factors, including the length of time the receivables are past due, significant one-time events and historical experience. An additional allowance for credit losses is recorded for individual accounts when the Company becomes aware of a customer’s inability to meet its financial obligation, such as in the case of bankruptcy filings, or deterioration in such customer’s operating results or financial position. If circumstances related to a customer change, estimates of the recoverability of receivables would be further adjusted. The Company adopted ASU 2016-13 in the first quarter of fiscal 2023, March 31, 2023, and the impact of the adoption was not material. The allowance for credit losses as of December 31, 2023 (Successor) is approximately $ 2
Property and Equipment, net	Property and Equipment, net Property and equipment are recorded at cost, less accumulated depreciation and amortization. The Company depreciates its property and equipment for financial reporting purposes using the straight-line method over the estimated useful lives of the assets, which range from 5 10
Intangible Assets	Intangible Assets Intangible assets primarily consist of developed technology, customer lists/relationships, non-compete agreements, intellectual property agreements, export licenses and trade names/trademarks. They are amortized ratably over a range of 5 10
Goodwill	Goodwill The Company tests goodwill for potential impairment at least annually, or more frequently if an event or other circumstance indicates that the Company may not be able to recover the carrying amount of the net assets of the reporting unit. The Company has determined that the reporting unit is the entire company, due to the integration of all of the Company’s activities. In evaluating goodwill for impairment, the Company may assess qualitative factors to determine whether it is more likely than not (that is, a likelihood of more than 50%) that the fair value of a reporting unit is less than its carrying amount. If the Company bypasses the qualitative assessment, or if the Company concludes that it is more likely than not that the fair value of a reporting unit is less than its carrying value, then the Company performs a quantitative impairment test by comparing the fair value of a reporting unit with its carrying amount. The determination of whether goodwill is impaired involves a significant level of judgment in these assumptions, and changes in our forecasts, business strategy, government regulations, or economic or market conditions could significantly impact these judgments, potentially decreasing the fair value of our reporting unit. Any resulting impairment charges could have a material impact on our results of operations. The Company calculates the estimated fair value of a reporting unit using a weighting of the income and market approaches. For the income approach, the Company uses internally developed discounted cash flow models that include the following assumptions, among others: projections of revenues, expenses, and related cash flows based on assumed long-term growth rates and demand trends; expected future investments to grow new units; and estimated discount rates. For the market approach, the Company uses internal analyses based primarily on market comparables. The Company bases these assumptions on its historical data and experience, third party appraisals, industry projections, micro and macro general economic condition projections, and its expectations. Based on its assessments, the Company incurred an impairment charge of $ 36,056 5,540
Leases and Right-of-Use Assets and Liabilities	Leases and Right-of-Use Assets and Liabilities The Company determines if an arrangement is a lease at its inception. Operating lease liabilities are recognized at the lease commencement date based on the present value of lease payments over the lease term. The Company generally uses their incremental borrowing rate based on the information available at the lease commencement date in determining the present value of future payments, because the implicit rate of the lease is generally not known. Right-of-use assets related to the Company’s operating lease liabilities are measured at lease inception based on the initial measurement of the lease liability, plus any prepaid lease payments and less any lease incentives. The Company’s lease terms that are used in determining their operating lease liabilities at lease inception may include options to extend or terminate the leases when it is reasonably certain that the Company will exercise such options. The Company amortizes their right-of-use assets as operating lease expense generally on a straight-line basis over the lease term and classify both the lease amortization and imputed interest as operating expenses. The Company does not recognize lease assets and lease liabilities for any lease with an original lease term of less than one year.
Income Taxes	Income Taxes The Company accounts for income taxes using the asset and liability method. Accordingly, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in the tax rate is recognized in income or expense in the period that the change is effective. Income tax benefits are recognized when it is probable that the deduction will be sustained. A valuation allowance is established when it is more likely than not that all or a portion of a deferred tax asset will either expire before the Company is able to realize the benefit, or that future deductibility is uncertain.
Comprehensive Income (Loss) and Foreign Currency Translation	Comprehensive Income (Loss) and Foreign Currency Translation The Company reports comprehensive income (loss) and its components in its consolidated financial statements. Comprehensive loss consists of net loss and foreign currency translation adjustments, affecting stockholders’ equity that, under GAAP, are excluded from net loss. Assets and liabilities related to the Company’s foreign operations are calculated using the Philippine Peso and Canadian Dollar, and are translated at end-of period exchange rates, while the related revenues and expenses are translated at average exchange rates prevailing during the period. Gains or losses resulting from transactions denominated in foreign currencies are included in other income (expense) in the consolidated statements of operations. The Company engages in foreign currency denominated transactions with customers that operate in functional currencies other than the U.S. dollar. Aggregate foreign currency net transaction losses were not material for the period from March 15, 2023 to December 31, 2023 (Successor), for the period from January 1, 2023 to March 14, 2023 (Predecessor), and for the year ended December 31, 2022 (Predecessor).
Debt Issuance Cost	Debt Issuance Cost The costs related to the issuance of debt are capitalized and amortized to interest expense over the life of the related debt using the effective interest method. The amendments to FASB ASC 835-30 require that debt issuance costs be presented in the Consolidated Balance Sheet as a direct deduction from the carrying amount of debt, consistent with debt discounts or premiums.
Revenue Recognition	Revenue Recognition The Company recognizes revenue, in accordance with ASC 606, when control is transferred of the promised products or services to its customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those products or services. The Company derives revenue from its software as a service for cloud based software, as well as design, implementation and other professional services for work performed in conjunction with its cloud based software. The Company enters into contracts with its customers whereby it grants a non-exclusive cloud-based license for the use of its proprietary software and for professional services. The contracts may also provide for on-going services for a specified price, which may include maintenance services, designated support, and enhancements, upgrades and improvements to the software, depending on the contract. Licenses for cloud software provide the customer with a right to use the software as it exists when made available to the customer. All software provides customers with the same functionality and differs mainly in the duration over which the customer benefits from the software. CXApp has done an analysis of its revenue recognition process and found that the same steps taken by the Company agrees with ASC 606 – Revenue from Contracts with Customers. The standard’s core principle is that an entity will recognize revenue when it transfers goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled to in exchange for those goods or services. The new standard is a principles-based standard intended to better match the accounting for the transaction with the economics of the transaction. This requires entities to use more judgment and make more estimates than under previous revenue standards. The standard introduces a five-step model for revenue recognition that replaces the four criteria for revenue recognition under previous GAAP. The five steps are shown below: 1. Identify the contract with a customer, 2. Identify the performance obligations in the contract, 3. Determine the transaction price, 4. Allocate the transaction price to performance obligations, and 5. Recognize revenue when (or as) the entity satisfies a performance obligation License Subscription Revenue Recognition (Software As A Service) With respect to sales of the Company’s license agreements, customers generally pay fixed annual fees in advance in exchange for the Company’s software service provided via electronic means, which are generally recognized ratably over the license term. Some agreements allow the customer to terminate their subscription contracts before the end of the applicable term, and in such cases the customer is generally entitled to a refund pro-rata but only for the elapsed time remaining at the point of termination, which would approximate the deferred revenue at such time. The Company’s performance obligation is satisfied over time as the electronic services are provided continuously throughout the service period. The Company recognizes revenue evenly over the service period using a time-based measure because the Company is providing continuous access to its service. The Company’s customers generally pay within 30 to 60 days from the receipt of a customer approved invoice. The timing of the Company’s revenue recognition related to the licensing revenue stream is dependent on whether the software licensing agreement entered into represents a service. Software that relies on an entity’s IP and is delivered only through a hosting arrangement, where the customer cannot take possession of the software, is a service. Customers may purchase perpetual licenses or subscribe to licenses, which provide customers with the same functionality and differ mainly in the duration over which the customer benefits from the software. Renewals or extensions of licenses are evaluated as distinct licenses and revenue attributed to the distinct service is not recognized until (1) the entity provides the distinct license (or makes the license available) to the customer and (2) the customer is able to use and benefit from the distinct license. Renewal contracts are not combined with original contracts, and, as a result, the renewal right is evaluated in the same manner as all other additional rights granted after the initial contract. The revenue is not recognized until the customer can begin to use and benefit from the license, which is typically at the beginning of the license renewal period. The Company recognizes revenue resulting from renewal of licensed software over time. Professional Services Revenue Recognition The Company provides integration and software customization professional services to its customers. Professional services under milestone contracts are accounted for using the percentage of completion method. As soon as the outcome of a contract can be estimated reliably, contract revenue is recognized in the statement of operations in proportion to the stage of completion of the contract. Contract costs are expensed as incurred. Contract costs include all amounts that relate directly to the specific contract, are attributable to contract activity, and are specifically chargeable to the customer under the terms of the contract. Professional services are also contracted on the fixed fee and in some cases on a time and materials basis. Fixed fees are paid monthly, in phases, or upon acceptance of deliverables. The Company’s time and materials contracts are paid weekly or monthly based on hours worked. Revenue on time and material contracts is recognized based on a fixed hourly rate as direct labor hours are expended. Materials, or other specified direct costs, are reimbursed as actual costs and may include markup. The Company has elected the practical expedient to recognize revenue for the right to invoice because the Company’s right to consideration corresponds directly with the value to the customer of the performance completed to date. For fixed fee contracts provided by in house personnel, the Company recognizes revenue evenly over the service period using a time-based measure because the Company is providing continuous service. Because the Company’s contracts have an expected duration of one year or less, the Company has elected the practical expedient in ASC 606-10-50-14(a) to not disclose information about its remaining performance obligations. Anticipated losses are recognized as soon as they become known. For the period from March 15, 2023 to December 31, 2023 (Successor), for the period from January 1, 2023 to March 14, 2023 (Predecessor), and year ended December 31, 2022 (Predecessor), the Company did not incur any such losses. These amounts are based on known and estimated factors. Contract Balances The timing of the Company’s revenue recognition may differ from the timing of invoicing to and payment by its customers. The Company records an unbilled receivable when revenue is recognized prior to invoicing and the Company has an unconditional right to payment. Alternatively, when invoicing a customer precedes the Company providing of the related services, the Company records deferred revenue until the performance obligations are satisfied. The Company had deferred revenue of approximately $2,878 thousand and $2,162 thousand as of December 31, 2023 (Successor) and December 31, 2022 (Predecessor), respectively, related to customer invoices rendered in advance for software licenses and professional services provided by the Company’s technical staff. The Company expects to satisfy its remaining performance obligations for the deferred revenue associated with professional services, and recognize the deferred revenue related to licenses generally over the remaining contract term which is generally twelve months following the commencement of the license. The Company recognized revenue in the reporting period of $ 2,163 865 2,820 Costs to Obtain a Contract The Company recognizes eligible sales commissions as an asset within prepaid expenses and other current assets as the commissions are an incremental cost of obtaining a contract with the customer and the Company expects to recover these costs. The capitalized costs are amortized over the expected contract term. Cost to Fulfill a Contrac The Company incurs costs to fulfill their obligations under a contract once it has obtained the contract. These costs are generally not significant and are recorded to expense as incurred. Multiple Performance Obligations The Company enters into contracts with customers for its technology that include multiple performance obligations. Each distinct performance obligation was determined by whether the customer could benefit from the good or service on its own or together with readily available resources. The Company allocates revenue to each performance obligation based on its relative standalone selling price. The Company’s process for determining standalone selling price considers multiple factors including the Company’s internal pricing model and market trends that may vary depending upon the facts and circumstances related to each performance obligation. Sales and Use Taxes The Company presents transactional taxes such as sales and use tax collected from customers and remitted to government authorities on a net basis. Shipping and Handling Costs Shipping and handling costs are expensed as incurred as part of cost of revenues. These costs were deemed to be de minimis during each of the reporting periods.
Research and Development	Research and Development Research and development (“R&D”) costs are expensed when incurred. R&D expenses consist primarily of personnel and related headcount costs, costs of professional services associated with the ongoing development of the Company’s technology, and allocated overhead.
Business Combinations	Business Combinations The Company accounts for business combinations under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 805 “Business Combinations” using the acquisition method of accounting, and accordingly, the assets and liabilities of the acquired business are recorded at their fair values at the date of acquisition. The excess of the purchase price over the estimated fair value is recorded as goodwill. All acquisition costs are expensed as incurred. Upon acquisition, the accounts and results of operations are included as of and subsequent to the acquisition date.
Segments	Segments The Company and its Chief Executive Officer (“CEO”), acting as the Chief Operating Decision Maker (“CODM”) determines its reporting units in accordance with FASB ASC 280, “Segment Reporting” (“ASC 280”). The Company evaluates a reporting unit by first identifying its operating segments under ASC 280. The Company then evaluates each operating segment to determine if it includes one or more components that constitute a business. If there are components within an operating segment that meet the definition of a business, the Company evaluates those components to determine if they must be aggregated into one or more reporting units. If applicable, when determining if it is appropriate to aggregate different operating segments, the Company determines if the segments are economically similar and, if so, the operating segments are aggregated. The Company has one operating segment and reporting unit. The Company is organized and operated as one business. Management reviews its business as a single operating segment, using financial and other information rendered meaningful only by the fact that such information is presented and reviewed in the aggregate.
Stock-Based Compensation	Stock-Based Compensation The Company measures the cost of employee and non-employee services received in exchange for an award of equity instruments based on the grant date fair value of the award. The Company has issued stock-based compensation awards in the form of options and restricted stock units. Fair value for options and restricted stock units are valued using the closing price of the Company’s common stock on the date of grant. The grant date fair value is recognized over the requisite service period during which an employee and non-employee is required to provide service in exchange for the award. The grant date fair value of options is estimated using the Black-Scholes option pricing model based on the average of the high and low stock prices at the grant date for awards under the CXApp Inc. 2023 Equity Incentive Plan (the “Incentive Plan”). The risk-free interest rate assumptions were based upon the observed interest rates appropriate for the expected term of the equity instruments. The expected dividend yield is assumed to be zero as the Company has not paid any dividends since its inception and does not anticipate paying dividends in the foreseeable future. The Company uses the simplified method to estimate the expected term. The Company estimates forfeitures at the time of grant and revises these estimates in subsequent periods if actual forfeitures differ from those estimates.
Derivative Warrant Liabilities	Derivative Warrant Liabilities The Company accounts for warrants as either equity-classified or liability-classified instruments based on an assessment of the warrant’s specific terms and applicable authoritative guidance in FASB ASC 480, “Distinguishing Liabilities from Equity” (“ASC 480”) and ASC 815, “Derivatives and Hedging” (“ASC 815”). The assessment considers whether the warrants are freestanding financial instruments pursuant to ASC 480, meet the definition of a liability pursuant to ASC 480, and whether the warrants meet all of the requirements for equity classification under ASC 815, including whether the warrants are indexed to the Company’s own common stock, among other conditions for equity classification. This assessment, which requires the use of professional judgment, is conducted at the time of warrant issuance and as of each subsequent quarterly period end date while the warrants are outstanding. The Company currently has two sets of warrants outstanding, known as the Private Placement Warrants and the Public Warrants, which are both classified as a liability. For issued or modified warrants that meet all of the criteria for equity classification, the warrants are required to be recorded as a component of additional paid-in capital at the time of issuance or modification. For issued or modified warrants that do not meet all the criteria for equity classification, the warrants are required to be recorded at their initial fair value on the date of issuance as a warrant liability, and adjusted to the then fair value in each balance sheet date thereafter. Changes in the estimated fair value of the warrants are recognized as a non-cash gain or loss on the consolidated statements of operations and amounted to approximately $ 4,714
Earnings Per Share	Earnings Per Share The Company computes basic and diluted earnings per share by dividing net income by the weighted average number of common shares outstanding during the period. Diluted earnings per share are similarly calculated with the inclusion of dilutive common stock equivalents. For the year ended December 31, 2023, basic and dilutive net income (loss) per common share were the same since the inclusion of common shares issuable pursuant to the exercise of options, warrants, and vesting of restricted units in the calculation of diluted net loss per common shares would have been anti-dilutive. The following table summarizes the number of common shares and common share equivalents excluded from the calculation of diluted net loss per common share for the year ended December 31, 2023. Schedule of antidilutive shares Successor (in thousands) Year Ended Stock options 985 Restricted stock units 821 Warrants 21,032 Total 22,838 No calculation for Earnings Per Share was made for the year ended 2022 because CXApp only commenced operations in March 15, 2023.
Fair Value Measurements	Fair Value Measurements FASB ASC 820, “Fair Value Measurements” (“ASC 820”), provides guidance on the development and disclosure of fair value measurements. The Company follows this authoritative guidance for fair value measurements, which defines fair value, establishes a framework for measuring fair value under generally accepted accounting principles in the United States, and expands disclosures about fair value measurements. The guidance requires fair value measurements be classified and disclosed in one of the following three categories: ● Level 1: Quoted prices (unadjusted) in active markets that are accessible at the measurement date for identical assets or liabilities. ● Level 2: Observable prices that are based on inputs not quoted on active markets but corroborated by market data. ● Level 3: Unobservable inputs which are supported by little or no market activity and values determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant judgment or estimation. Fair value measurements discussed herein are based upon certain market assumptions and pertinent information available to management. The fair value of the warrants has been measured based on the listed market price of such warrants, a Level 1 measurement. For the period ended March 15, 2023 to December 31, 2023 (Successor), the Company recognized an unrealized loss in the Statements of Operations and Comprehensive Income of $4,714 thousand which is presented as change in fair value of derivative liability. The Company accounts for its public and private warrants as a derivative liability initially measured at its fair values and remeasured in the consolidated statements of operations at the end of each reporting period. When the warrants are exercised, the corresponding derivative liability is de-recognized at the underlying fair value of the Class A common stock that is issued to the warrant holder less any cash paid in accordance with the warrant agreement. Upon either cash or cashless exercise, the de-recognized derivative liability results in an increase in additional paid in capital equal to the difference between the fair value of the underlying Class A common stock and its par value. A cashless exercise results in the warrant holder surrendering Class A common stock equal to the stated warrant exercise price based on the contractual terms in the warrant agreement that governs the cashless conversion. The following table shows the changes in fair value of the liabilities during the period ended December 31, 2023: Schedule of changes in fair value of the liabilities Balance at March 15, 2023 $ 2,649 Change in FV of derivative instruments (1,686 ) Balance at March 31, 2023 963 Change in FV of derivative instruments 12,040 Balance at June 30, 2023 $ 13,003 Change in FV of derivative instruments (5,220 ) FV of Warrants cash exercised and exchanged for Class A common stock (see Note 11 - Warrants (1,237 ) Loss on warrant extinguishment (3,894 ) FV of Warrants cashless exercised for Class A common stock (see Note 11 - Warrants (549 ) Balance at September 30, 2023 $ 2,103 Change in FV of derivative instruments (420 ) Balance at December 31, 2023 $ 1,683
Fair Value of Financial Instruments	Fair Value of Financial Instruments Financial instruments consist of cash and cash equivalents, accounts receivable, notes and other receivables and accounts payable. The Company determines the estimated fair value of such financial instruments presented in the financial statements is equal to its carrying value due to their short-term nature.
Carrying Value, Recoverability and Impairment of Long-Lived Assets	Carrying Value, Recoverability and Impairment of Long-Lived Assets The Company follows FASB ASC 360 “Property, Plant, and Equipment” (“ASC 360”) for its long-lived assets. Pursuant to ASC 360-10-35-17, an impairment loss shall be recognized only if the carrying amount of a long-lived asset (asset group) is not recoverable and exceeds its fair value. The carrying amount of a long-lived asset (asset group) is not recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset (asset group). That assessment shall be based on the carrying amount of the asset (asset group) at the date it is tested for recoverability. An impairment loss shall be measured as the amount by which the carrying amount of a long-lived asset (asset group) exceeds its fair value. Pursuant to ASC 360-10-35-20, if an impairment loss is recognized, the adjusted carrying amount of a long-lived asset shall be its new cost basis. For a depreciable long-lived asset, the new cost basis shall be depreciated (amortized) over the remaining useful life of that asset. Restoration of a previously recognized impairment loss is prohibited. Pursuant to ASC 360-10-35-21, the Company’s long-lived asset (asset group) is tested for recoverability whenever events or changes in circumstances indicate that its carrying amount may not be recoverable. The Company considers the following to be some examples of such events or changes in circumstances that may trigger an impairment review: (a) significant decrease in the market price of a long-lived asset (asset group); (b) a significant adverse change in the extent or manner in which a long-lived asset (asset group) is being used or in its physical condition; (c) a significant adverse change in legal factors or in the business climate that could affect the value of a long-lived asset (asset group), including an adverse action or assessment by a regulator; (d) an accumulation of costs significantly in excess of the amount originally expected for the acquisition or construction of a long-lived asset (asset group); (e) a current-period operating or cash flow loss combined with a history of operating or cash flow losses or a projection or forecast that demonstrates continuing losses associated with the use of a long-lived asset (asset group); and (f) a current expectation that, more likely than not, a long-lived asset (asset group) will be sold or otherwise disposed of significantly before the end of its previously estimated useful life. The Company tests its long-lived assets for potential impairment indicators at least annually and more frequently upon the occurrence of such events. Based on its assessments, the Company recorded no
New Accounting Pronouncements Adopted in 2023	New Accounting Pronouncements Adopted in 2023 In June 2016, the FASB issued Accounting Standards Update (ASU) No. 2016-13, “Financial Instruments – Credit Losses” (“ASU 2016-13”), which requires a reporting entity to determine the allowance for credit losses for an instrument based on the amortized cost of the financial asset. The expected credit loss model aims to provide stakeholders with more transparent and timely information regarding an entity’s credit risk exposures. At the same time, it provides processes and procedures in determining a doubtful account. ASU 2016-13 is effective for interim and annual periods beginning after March 14, 2023 on a prospective basis, with early adoption permitted. The Company adopted ASU 2016-13 in the first quarter of fiscal 2023, March 31, 2023, and the impact of the adoption was not material.
Recently Issued Accounting Standards Not Yet Adopted	Recently Issued Accounting Standards Not Yet Adopted In July 2023, the FASB issued ASU 2023-03, “Presentation of Financial Statements (Topic 205), Income Statement - Reporting Comprehensive Income (Topic 220), Distinguishing Liabilities from Equity (Topic 480), Equity (Topic 505), and Compensation - Stock Compensation (Topic 718)”, which updates codification on how an entity would apply the scope guidance in paragraph 718-10-15-3 to determine whether profits interest and similar awards should be accounted for in accordance with Topic 718, Compensation—Stock Compensation. The effective date of this update is for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. The Company is currently evaluating the impact of the adoption of this ASU will have on the Company’s consolidated financial position and results of operations. In October 2023, the FASB issued ASU 2023-06 “Disclosure Improvements”, which amends the codification in response to the SEC’s Disclosure Update and Simplification Initiative. The effective date of this update is for fiscal years beginning after June 30, 2027, including interim periods within those fiscal years. The Company is currently assessing potential impacts of ASU 2023-06 and does not expect the adoption of this guidance will have a material impact on its consolidated financial statements and disclosures. In the fourth quarter of 2023, the FASB issued three ASU’s: No. 2023-07 “Segment Reporting (Topic 280)”, No. 2023-08 “Intangibles – Goodwill and Other – Crypto Assets (Subtopic 350-60), and No. 2023-09 “Income Taxes (Topic 740)”. The Management sees the Company as one single unit, instead of as segments, leading to a more in-depth consideration should FASB ASU No. 2023-07 be considered. FASB ASU No. 2023-07 is effective after fiscal year ended December 15, 2023. The effects of ASU 2023-08 and ASU 2023-09 are both being considered and assessed for their potential effects, but the Company does not expect any material impact on the financial statements and disclosures. Both FASB ASU 2023-08 and 2023-09 are effective after fiscal year ended December 15, 2024.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Schedule of antidilutive shares	Schedule of antidilutive shares Successor (in thousands) Year Ended Stock options 985 Restricted stock units 821 Warrants 21,032 Total 22,838
Schedule of changes in fair value of the liabilities	Schedule of changes in fair value of the liabilities Balance at March 15, 2023 $ 2,649 Change in FV of derivative instruments (1,686 ) Balance at March 31, 2023 963 Change in FV of derivative instruments 12,040 Balance at June 30, 2023 $ 13,003 Change in FV of derivative instruments (5,220 ) FV of Warrants cash exercised and exchanged for Class A common stock (see Note 11 - Warrants (1,237 ) Loss on warrant extinguishment (3,894 ) FV of Warrants cashless exercised for Class A common stock (see Note 11 - Warrants (549 ) Balance at September 30, 2023 $ 2,103 Change in FV of derivative instruments (420 ) Balance at December 31, 2023 $ 1,683

Business Combination (Tables)

Business Combination (Tables)	12 Months Ended
	Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract]
Schedule of assets acquired	Schedule of assets acquired Description Fair Value Weighted Purchase Price $ 69,928 Assets acquired: Cash and cash equivalents $ 10,003 Accounts receivable 2,226 Notes and other receivables 209 Prepaid assets and other current assets 588 Operating lease right of use asset 557 Property and equipment, net 133 Other assets 42 Developed technology 9,268 10 Patents 2,703 10 Customer relationships 5,604 5 Tradenames and trademarks 3,294 7 Total assets acquired $ 34,627 Liabilities assumed: Accounts payable $ 461 Accrued liabilities 911 Deferred revenues 2,534 Operating lease obligation, current 194 Operating lease obligation, noncurrent 384 Deferred tax liability 4,337 Total liabilities assumed 8,821 Goodwill $ 44,122
Schedule of proforma financial information	Schedule of proforma financial information As of 2023 2022 Assets Current assets $ 9,029 $ 8,798 Noncurrent assets 27,552 24,635 Total assets $ 36,581 $ 33,433 Liabilities Current liabilities $ 10,316 $ 8,645 Noncurrent liabilities 867 1,197 Total liabilities $ 11,183 $ 9,842 Stockholders’ equity $ 25,398 $ 23,591 Total stockholders’ equity $ 25,398 $ 23,591 Total liabilities and equity $ 36,581 $ 33,433 CXAPP INC. AND SUBSIDIARIES UNAUDITED PRO FORMA CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND (in thousands) As of 2023 2022 Revenues $ 7,366 $ 8,470 Net loss $ (57,904 ) $ (20,828 )

Disaggregation of Revenue (Tabl

Disaggregation of Revenue (Tables)	12 Months Ended
	Dec. 31, 2023
Disaggregation Of Revenue
Schedule of disaggregation of revenue	Schedule of disaggregation of revenue Successor Predecessor Period from Period from Year ended Subscription revenue Software $ 4,560 $ 1,204 $ 5,476 Total subscription revenue $ 4,560 $ 1,204 $ 5,476 Non-subscription revenue Professional services $ 1,186 $ 416 $ 2,994 Total non-subscription revenue $ 1,186 $ 416 $ 2,994 Total revenue $ 5,746 $ 1,620 $ 8,470 Successor Predecessor Period from Period from Year ended Revenue recognized over time (1)(2) $ 5,746 $ 1,620 $ 8,470 Total $ 5,746 $ 1,620 $ 8,470 (1) Professional services are also contracted on the fixed fee and time and materials basis. Fixed fees are paid monthly, in phases, or upon acceptance of deliverables. The Company has generally elected the practical expedient to recognize revenue for the right to invoice because the Company’s right to consideration corresponds directly with the value to the customer of the performance completed to date, in which revenue is recognized over time. (2) Software As A Service Subscription Revenue’s performance obligation is satisfied evenly over the service period using a time-based measure because the Company is providing continuous access to its service and service is recognized over time.

Property and Equipment, net (Ta

Property and Equipment, net (Tables)	12 Months Ended
	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Schedule of property and equipment	Schedule of property and equipment Successor Predecessor December 31, December 31, Computer and office equipment $ 179 $ 992 Furniture and fixtures 12 185 Leasehold improvements 6 28 Software 1 8 Total 198 1,213 Less: accumulated depreciation and amortization (83 ) (1,011 ) Total Property and Equipment, Net $ 115 $ 202

Software Development Costs, n_2

Software Development Costs, net (Tables)	12 Months Ended
	Dec. 31, 2023
Software Development Costs Net
Schedule of capitalized software development	Schedule of capitalized software development Successor Predecessor December 31, December 31, Capitalized software development costs $ - $ 2,680 Accumulated amortization - (2,193 ) Software development costs, net $ - $ 487

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets, net (Tables)	12 Months Ended
	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill [Table Text Block]	Acquisition Amount Balance as of March 15, 2023 $ - Acquisition of Legacy CXApp 44,122 Measurement Period Adjustments 671 Impairment (36,056 ) Balance as of December 31, 2023 $ 8,737
Schedule of intangible assets	Schedule of intangible assets December 31, 2023 December 31, 2022 (Predecessor) Weighted Gross Accumulated Net Gross Accumulated Net Trade Name/Trademarks 6.17 $ 3,294 $ (373 ) $ 2,921 $ 2,183 $ (725 ) $ 1,458 Customer Relationships 4.17 5,604 (887 ) 4,717 6,401 (1,765 ) 4,636 Developed Technology 9.17 8,697 (688 ) 8,009 15,179 (3,398 ) 11,781 Non-compete Agreements - - - - 3,150 (1,736 ) 1,414 Patents and Intellectual Property 9.17 2,703 (214 ) 2,489 - - - Totals $ 20,298 $ (2,162 ) $ 18,136 $ 26,913 $ (7,624 ) $ 19,289
Schedule of future amortization expense	Schedule of future amortization expense For the Years Ending December 31, Amount 2024 $ 2,731 2025 2,731 2026 2,731 2027 2,731 2028 1,844 2029 and thereafter 5,368 Total $ 18,136

Deferred Revenue (Tables)

Deferred Revenue (Tables)	12 Months Ended
	Dec. 31, 2023
Deferred Revenue
Schedule of deferred revenue	Schedule of deferred revenue Successor License Professional Total Deferred Revenue - March 15, 2023 $ 2,148 $ 386 $ 2,534 Revenue recognized (4,560 ) (1,186 ) (5,746 ) Revenue deferred 4,816 1,274 6,090 Deferred Revenue - December 31, 2023 $ 2,404 $ 474 $ 2,878 Predecessor License Professional Total Deferred Revenue - January 1, 2022 $ 2,524 $ 622 $ 3,146 Revenue recognized (5,476 ) (2,994 ) (8,470 ) Revenue deferred 4,883 2,603 7,486 Deferred Revenue - December 31, 2022 $ 1,931 $ 231 $ 2,162

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	12 Months Ended
	Dec. 31, 2023
Payables and Accruals [Abstract]
Schedule of accrued Liabilities	Schedule of accrued Liabilities Successor Predecessor December 31, December 31, Accrued compensation and benefits $ 387 $ 586 Accrued bonus and commissions 108 422 Income tax payables 74 - Accrued rent - 559 Accrued transaction costs 13 - Accrued sales and other indirect taxes payable 12 86 Accrued other 858 83 Accrued liabilities $ 1,452 $ 1,736

Promissory Note (Tables)

Promissory Note (Tables)	12 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
Promissory Note	(In thousands) Principal amount $ 3,885 Less: Unamortized original issue discount 834 Unamortized debt issuance cost 14 $ 3,037 Add: Accrued interest payable 16 $ 3,053

Warrants (Tables)

Warrants (Tables)	12 Months Ended
	Dec. 31, 2023
Warrants
Schedule of public and private warrant exercise activity	Schedule of public and private warrant exercise activity Public Warrants Private Total January 1, 2023 13,800,000 10,280,000 24,080,000 Warrants exchanged and exercised – cash (2,435,000 ) - (2,435,000 ) Warrants exercised – cashless (613,138 ) - (613,138 ) December 31, 2023 10,751,862 10,280,000 21,031,862

Stock Option Plan and Stock-B_2

Stock Option Plan and Stock-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2023
Stock Option Plan And Stock-based Compensation
Schedule of stock options	Schedule of stock options Number of Weighted- Weighted Weighted- Fair Value at Options outstanding at January 1, 2023 - $ - - $ - Granted 1,377,172 1.53 Forfeited (392,272 ) 1.53 Options outstanding at December 31, 2023 984,900 $ 1.53 9.25 $ 0.90 Options exercisable at December 31, 2023 - $ - - -
Schedule of assumptions used	Schedule of assumptions used Risk-free interest rate 3.67% Expected life of option grants 5.75 Expected volatility of underlying stock 61.65% Dividends assumption $ -

Income Tax (Tables)

Income Tax (Tables)	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Schedule of company’s net deferred tax assets	Schedule of company’s net deferred tax assets Successor Predecessor (In thousands) December 31, December 31, Organizational costs/startup expenses $ 1,031 $ - Deferred revenue 41 - Section 174 - software development cost 1,097 - Stock based compensation 164 549 Research credits - 123 Other accruals 50 49 Fixed assets - 22 Other - 1,328 Net operating loss carryforward 2,202 17,038 Total deferred tax asset 4,585 19,109 Less: Valuation allowance (871 ) (14,403 ) Deferred tax asset, net of valuation allowance $ 3,714 $ 4,706 Successor Predecessor December 31, December 31, Intangibles $ (4,338 ) $ (4,386 ) Property, plant & equipment (13 ) (13 ) Other - (177 ) Capitalized research - (127 ) Total deferred tax liabilities (4,351 ) (4,703 ) Net Deferred Tax Asset (Liability) $ (637 ) $ 3
Schedule of income tax provision	Schedule of income tax provision Successor Predecessor Period from Period from Year ended Foreign Current $ - $ - $ 152 Deferred - 4,054 (1,533 ) Federal Current (7 ) - - Deferred (2,154 ) (637 ) (2,697 ) State and Local Current 19 - 3 Deferred (506 ) (273 ) (743 ) Total (2,648 ) 3,144 (4,818 ) Change in valuation allowance (924 ) (3,144 ) 4,971 Income tax expense/(benefit) $ (3,572 ) $ - $ 153
Schedule of reconciliation of the federal income tax rate to the Company’s effective tax rate	Schedule of reconciliation of the federal income tax rate to the Company’s effective tax rate Successor Predecessor Period from Period from Year ended Statutory federal income tax rate 21.00 % 21.00 % 21.00 % Incentive stock options - % (0.30 )% (0.16 )% Change in fair value of derivative warrant liabilities (2.18 )% - % - % Goodwill impairment loss (14.34 )% - % (4.00 )% US-Foreign income tax rate difference - % 1.30 % 1.02 % Permanent difference 0.22 % 0.07 % (1.01 )% Cancellation of debt income - % (101.38 )% - % Rate differential on foreign earnings 0.24 % - % - % State taxes, net of federal tax benefit 0.93 % 3.49 % 2.01 % Current federal tax true-up 0.01 % - % - % Provision to return adjustments - % - % (1.29 )% Deferred only adjustment - % 4.80 % (0.91 )% Other - % (0.35 )% (0.06 )% Valuation allowance 0.88 % 71.31 % (17.13 )% Income tax provision 6.76 % - % (0.53 )%

Foreign Operations (Tables)

Foreign Operations (Tables)	12 Months Ended
	Dec. 31, 2023
Foreign Operations
Schedule of financial data by geographic area	Schedule of financial data by geographic area United States Canada India Philippines Eliminations Total For the Period from March 15, 2023 to December 31, 2023 (Successor) Revenues by geographic area $ 4,838 $ 908 $ - $ 884 $ (884 ) $ 5,746 Operating income (loss) by geographic area $ (46,018 ) $ (2,380 ) $ - $ 190 $ - $ (48,208 ) Net income (loss) by geographic area $ (47,073 ) $ (2,332 ) $ - $ 188 $ (21 ) $ (49,238 ) For the Period from January 1, 2023 to March 14, 2023 (Predecessor) Revenues by geographic area $ 1,395 $ 285 $ - $ 160 $ (220 ) $ 1,620 Operating income (loss) by geographic area $ (3,479 ) $ (905 ) $ - $ 3 $ - $ (4,381 ) Net income (loss) by geographic area $ (3,342 ) $ (1,041 ) $ - $ 3 $ - $ (4,380 ) For the Year Ended December 31, 2022 (Predecessor) Revenues by geographic area $ 7,011 $ 2,061 $ 1,345 $ 166 $ (2,113 ) $ 8,470 Operating income (loss) by geographic area $ (22,358 ) $ (7,163 ) $ 569 $ (96 ) $ 23 $ (29,025 ) Net income (loss) by geographic area $ (21,774 ) $ (7,769 ) $ 467 $ (99 ) $ - $ (29,175 ) As of December 31, 2023 (Successor) Identifiable assets by geographic area $ 38,143 $ 627 $ - $ 434 $ (2,623 ) $ 36,581 Long lived assets by geographic area $ 18,269 $ 320 $ - $ 148 $ - $ 18,737 Goodwill by geographic area $ 8,737 $ - $ - $ - $ - $ 8,737 As of December 31, 2022 (Predecessor) Identifiable assets by geographic area $ 24,591 $ 5,484 $ 228 $ 415 $ (1,438 ) $ 29,280 Long lived assets by geographic area $ 15,558 $ 4,788 $ 98 $ 215 $ - $ 20,659 Goodwill by geographic area $ - $ - $ - $ - $ - $ -

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2023
Leases [Abstract]
Schedule of operating leases	Schedule of operating leases (in thousand) Operating Year 2024 $ 315 Year 2025 177 Year 2026 60 Total lease payments 552 Less: Imputed interest (47 ) Present value of lease liabilities $ 505

Supplementary Financial Infor_2

Supplementary Financial Information (Tables)	12 Months Ended
	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of supplementary financial information	Schedule of supplementary financial information Successor Predecessor 2023 Fourth Third Second Period from March 31, Period from March 14, Total Net Revenue 1,719 1,770 1,915 342 1,620 7,366 Gross Profit 1,376 1,412 1,435 255 1,137 5,615 Net Income / (Loss) (38,707 ) 1,441 (14,730 ) 2,758 (4,380 ) (42,580 ) Basic and diluted weighted average shares outstanding, Class A common stock 15,254,389 10,818,459 8,582,699 8,582,699 - - Basic and diluted net income (loss) per share, Class A common stock (2.54 ) 0.13 (1.05 ) 0.20 - - Basic and diluted weighted average shares outstanding, Class C common stock - - 5,487,300 5,487,300 - - Basic and diluted net income (loss) per share, Class C common stock - - (1.05 ) 0.20 - - Predecessor 2022 Fourth Third Second First Total Net Revenue 1,997 1,742 2,149 2,582 8,470 Gross Profit 1,561 1,243 1,609 1,993 6,406 Net Income / (Loss) (5,541 ) (10,929 ) (11,034 ) (1,671 ) (29,175 )

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details) - Successor [Member] shares in Thousands	10 Months Ended
	Dec. 31, 2023 shares
Total	22,838
Stock Options [Member]
Total	985
Restricted Stock Units (RSUs) [Member]
Total	821
Warrant [Member]
Total	21,032

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Details 1) - Successor [Member] - USD ($) $ in Thousands	1 Months Ended	3 Months Ended			10 Months Ended
	Mar. 31, 2023	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2023
Balance at beginning	$ 2,649	$ 2,103	$ 13,003	$ 963	$ 2,649
Change in FV of derivative instruments	(1,686)	(420)	(5,220)	12,040	4,714
FV of Warrants cash exercised and exchanged for Class A common stock (see Note 11 - Warrants)			(1,237)
Loss on warrant extinguishment			(3,894)
FV of Warrants cashless exercised for Class A common stock (see Note 11 - Warrants)			(549)
Balance at ending	$ 963	$ 1,683	$ 2,103	$ 13,003	$ 1,683

Summary of Significant Accoun_6

Summary of Significant Accounting Policies (Details Narrative) - USD ($) $ in Thousands	1 Months Ended	2 Months Ended	3 Months Ended			10 Months Ended	12 Months Ended
	Mar. 31, 2023	Mar. 14, 2023	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Goodwill, Impairment Loss			$ 36,056
Successor [Member]
Property, Plant and Equipment [Line Items]
Working capital			1,287			$ 1,287
Cash and cash equivalents			6,275			6,275
Net income						49,238
Cash for operating activities						12,766
Reduction in accrued liabilities			5,876			$ 5,876
Cash and cash equivalents, description						As of December 31, 2023 (Successor), the Company had cash equivalents of approximately $5,584 thousand of certificates of deposit held by a number of banks limited to $250 thousand per bank with a duration of 90 days or less. As of December 31, 2022 (Predecessor), the Company had no cash equivalents.
Allowance for credit losses			2			$ 2
Impairment charge on goodwill						36,056
Goodwill, Impairment Loss						36,056
Revenue recognized						2,163
Changes in estimated fair value of warrants						4,714
Change in FV of derivative instruments	$ (1,686)		$ (420)	$ (5,220)	$ 12,040	4,714
Impairment charges of long-lived assets						$ 0
Successor [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, net useful life			5 years			5 years
Intangible assets useful life			5 years			5 years
Successor [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, net useful life			10 years			10 years
Intangible assets useful life			10 years			10 years
Successor [Member] | Equity Line Financing Agreement [Member]
Property, Plant and Equipment [Line Items]
Cash and cash equivalents, description						The Company discussed plans to finance its future working capital requirements and capital expenditures from cash generated from operating activities, cash raised under the equity line financing agreement for up to $10,000 thousand, with an initial draw of $2,500 thousand in the second quarter of 2024, and cash raised under the promissory note of $3,000 thousand dollars payable by December 2024.
Predecessor [Member]
Property, Plant and Equipment [Line Items]
Cash and cash equivalents							$ 6,308
Net income		$ 4,380					29,175
Cash for operating activities		5,144					18,895
Impairment charge on goodwill		36,056
Goodwill, Impairment Loss		0					5,540
Revenue recognized		865					2,820
Impairment charges of long-lived assets		$ 0					$ 0

Business Combination (Details)

Business Combination (Details) - USD ($) $ in Thousands	2 Months Ended	12 Months Ended
	Mar. 14, 2023	Dec. 31, 2023	Dec. 31, 2022
Assets
Current assets		$ 9,029	$ 8,798
Noncurrent assets		27,552	24,635
Total assets		36,581	33,433
Liabilities
Current liabilities		10,316	8,645
Noncurrent liabilities		867	1,197
Total liabilities		11,183	9,842
Total stockholders’ equity		25,398	23,591
Total liabilities and equity		36,581	33,433
Revenues		7,366	8,470
Net loss		$ (57,904)	(20,828)
Predecessor [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Purchase Price	$ 69,928
Cash and cash equivalents	10,003
Accounts receivable	2,226
Notes and other receivables	209
Prepaid assets and other current assets	588
Operating lease right of use asset	557
Property and equipment, net	133
Other assets	42
Total assets acquired	34,627
Accounts payable	461
Accrued liabilities	911
Deferred revenues	2,534
Operating lease obligation, current	194
Operating lease obligation, noncurrent	384
Deferred tax liability	4,337
Total liabilities assumed	8,821
Goodwill	44,122
Assets
Current assets			8,569
Total assets			29,280
Liabilities
Current liabilities			5,415
Total liabilities			5,889
Total stockholders’ equity			23,391
Total liabilities and equity			$ 29,280
Predecessor [Member] | Developed Technology Rights [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets	$ 9,268
Weighted Average Useful Life	10 years
Predecessor [Member] | Patents [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets	$ 2,703
Weighted Average Useful Life	10 years
Predecessor [Member] | Customer Relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets	$ 5,604
Weighted Average Useful Life	5 years
Predecessor [Member] | Trademarks and Trade Names [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible assets	$ 3,294
Weighted Average Useful Life	7 years

Business Combination (Details N

Business Combination (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	2 Months Ended	10 Months Ended	12 Months Ended
	Mar. 14, 2023	Dec. 31, 2023	Dec. 31, 2023	Dec. 31, 2022
Business Acquisition [Line Items]
Measurement period adjustment description			Company recognized a measurement period adjustment, which decreased prepaid assets and other current assets, developed technology, accounts payable and deferred tax liability by approximately $180 thousand, $571 thousand, $18 thousand and $137 thousand, respectively and increased accrued liabilities and goodwill by approximately $58 thousand and $671 thousand, respectively.
Predecessor [Member]
Business Acquisition [Line Items]
Share price	$ 9.94
Business combination goodwill	$ 44,122
Acquisition-related costs				$ 16
Predecessor [Member] | KINS [Member]
Business Acquisition [Line Items]
Acquisition-related costs	3,000
Predecessor [Member] | Merger Agreement [Member]
Business Acquisition [Line Items]
Aggregate purchase price assets and liabilities	$ 69,928
Predecessor [Member] | Merger Agreement [Member] | Common Class A [Member]
Business Acquisition [Line Items]
Consideration transferred in connection	1,547,700
Predecessor [Member] | Merger Agreement [Member] | Common Class C [Member]
Business Acquisition [Line Items]
Consideration transferred in connection	5,487,300
Successor [Member]
Business Acquisition [Line Items]
Acquisition-related costs		$ 543

Disaggregation of Revenue (Deta

Disaggregation of Revenue (Details) - USD ($) $ in Thousands		2 Months Ended	10 Months Ended	12 Months Ended
		Mar. 14, 2023	Dec. 31, 2023	Dec. 31, 2022
Successor [Member]
Total Revenue			$ 5,746
Successor [Member] | Transferred over Time [Member]
Total Revenue	[1],[2]		5,746
Successor [Member] | Warrant Exercise Period Condition One
Total Revenue			4,560
Successor [Member] | Warrant Exercise Period Condition One | Software [Member]
Total Revenue			4,560
Successor [Member] | Non Subscription Revenue [Member]
Total Revenue			1,186
Successor [Member] | Non Subscription Revenue [Member] | Professional Services [Member]
Total Revenue			$ 1,186
Predecessor [Member]
Total Revenue		$ 1,620		$ 8,470
Predecessor [Member] | Transferred over Time [Member]
Total Revenue	[1],[2]	1,620		8,470
Predecessor [Member] | Warrant Exercise Period Condition One
Total Revenue		1,204		5,476
Predecessor [Member] | Warrant Exercise Period Condition One | Software [Member]
Total Revenue		1,204		5,476
Predecessor [Member] | Non Subscription Revenue [Member]
Total Revenue		416		2,994
Predecessor [Member] | Non Subscription Revenue [Member] | Professional Services [Member]
Total Revenue		$ 416		$ 2,994
[1]Professional services are also contracted on the fixed fee and time and materials basis. Fixed fees are paid monthly, in phases, or upon acceptance of deliverables. The Company has generally elected the practical expedient to recognize revenue for the right to invoice because the Company’s right to consideration corresponds directly with the value to the customer of the performance completed to date, in which revenue is recognized over time.[2]Software As A Service Subscription Revenue’s performance obligation is satisfied evenly over the service period using a time-based measure because the Company is providing continuous access to its service and service is recognized over time.

Property and Equipment, net (De

Property and Equipment, net (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Successor [Member]
Property, Plant and Equipment [Line Items]
Total	$ 198
Less: accumulated depreciation and amortization	(83)
Total Property and Equipment, Net	115
Successor [Member] | Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Total	179
Successor [Member] | Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Total	12
Successor [Member] | Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Total	6
Successor [Member] | Software [Member]
Property, Plant and Equipment [Line Items]
Total	$ 1
Predecessor [Member]
Property, Plant and Equipment [Line Items]
Total		$ 1,213
Less: accumulated depreciation and amortization		(1,011)
Total Property and Equipment, Net		202
Predecessor [Member] | Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Total		992
Predecessor [Member] | Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Total		185
Predecessor [Member] | Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Total		28
Predecessor [Member] | Software [Member]
Property, Plant and Equipment [Line Items]
Total		$ 8

Property and Equipment, net (_2

Property and Equipment, net (Details Narrative) - USD ($) $ in Thousands	2 Months Ended	10 Months Ended	12 Months Ended
	Mar. 14, 2023	Dec. 31, 2023	Dec. 31, 2022
Successor [Member]
Depreciation and amortization expense		$ 75
Predecessor [Member]
Depreciation and amortization expense	$ 19		$ 119

Software Development Costs, n_3

Software Development Costs, net (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Successor [Member]
Capitalized software development costs
Accumulated amortization
Software development costs, net
Predecessor [Member]
Capitalized software development costs		$ 2,680
Accumulated amortization		(2,193)
Software development costs, net		$ 487

Software Development Costs, n_4

Software Development Costs, net (Details Narrative) - USD ($) $ in Thousands	2 Months Ended	10 Months Ended	12 Months Ended
	Mar. 14, 2023	Dec. 31, 2023	Dec. 31, 2022
Predecessor [Member]
Amortization expense	$ 209		$ 527
Successor [Member]
Amortization expense		$ 0

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets, net (Details) - USD ($) $ in Thousands	3 Months Ended	10 Months Ended
	Dec. 31, 2023	Dec. 31, 2023
Impairment	$ (36,056)
Successor [Member]
Beginning balance
Acquisition of Legacy CXApp		44,122
Measurement Period Adjustments		671
Impairment		(36,056)
Ending balance	$ 8,737	$ 8,737

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets, net (Details 1) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Successor [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 20,298
Finite-Lived Intangible Assets, Accumulated Amortization	(2,162)
Net carrying amount	$ 18,136
Successor [Member] | Trademarks and Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Remaining weighted average useful life	6 years 2 months 1 day
Gross carrying amount	$ 3,294
Finite-Lived Intangible Assets, Accumulated Amortization	(373)
Net carrying amount	$ 2,921
Successor [Member] | Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Remaining weighted average useful life	4 years 2 months 1 day
Gross carrying amount	$ 5,604
Finite-Lived Intangible Assets, Accumulated Amortization	(887)
Net carrying amount	$ 4,717
Successor [Member] | Developed Technology Rights [Member]
Finite-Lived Intangible Assets [Line Items]
Remaining weighted average useful life	9 years 2 months 1 day
Gross carrying amount	$ 8,697
Finite-Lived Intangible Assets, Accumulated Amortization	(688)
Net carrying amount	8,009
Successor [Member] | Noncompete Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount
Finite-Lived Intangible Assets, Accumulated Amortization
Net carrying amount
Successor [Member] | Patents And Intellectual Property [Member]
Finite-Lived Intangible Assets [Line Items]
Remaining weighted average useful life	9 years 2 months 1 day
Gross carrying amount	$ 2,703
Finite-Lived Intangible Assets, Accumulated Amortization	(214)
Net carrying amount	$ 2,489
Predecessor [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount		$ 26,913
Finite-Lived Intangible Assets, Accumulated Amortization		(7,624)
Net carrying amount		19,289
Predecessor [Member] | Trademarks and Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount		2,183
Finite-Lived Intangible Assets, Accumulated Amortization		(725)
Net carrying amount		1,458
Predecessor [Member] | Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount		6,401
Finite-Lived Intangible Assets, Accumulated Amortization		(1,765)
Net carrying amount		4,636
Predecessor [Member] | Developed Technology Rights [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount		15,179
Finite-Lived Intangible Assets, Accumulated Amortization		(3,398)
Net carrying amount		11,781
Predecessor [Member] | Noncompete Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount		3,150
Finite-Lived Intangible Assets, Accumulated Amortization		(1,736)
Net carrying amount		1,414
Predecessor [Member] | Patents And Intellectual Property [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount
Finite-Lived Intangible Assets, Accumulated Amortization
Net carrying amount

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets, net (Details 2) $ in Thousands	Dec. 31, 2023 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2024	$ 2,731
2025	2,731
2026	2,731
2027	2,731
2028	1,844
2029 and thereafter	5,368
Total	$ 18,136

Goodwill and Intangible Asset_6

Goodwill and Intangible Assets, net (Details Narrative) - USD ($) $ in Thousands	3 Months Ended	10 Months Ended
	Dec. 31, 2023	Dec. 31, 2023	Mar. 14, 2023
Impairment on goodwill	$ 36,056
Successor [Member]
Goodwill	$ 8,737	$ 8,737
Impairment on goodwill		$ 36,056

Deferred Revenue (Details)

Deferred Revenue (Details) - USD ($) $ in Thousands	10 Months Ended	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Successor [Member]
Deferred revenue, beginning balance	$ 2,534
Revenue recognized	(5,746)
Revenue deferred	6,090
Deferred revenue, ending balance	2,878
Successor [Member] | Licensing Agreements [Member]
Deferred revenue, beginning balance	2,148
Revenue recognized	(4,560)
Revenue deferred	4,816
Deferred revenue, ending balance	2,404
Successor [Member] | Professional Service Agreements [Member]
Deferred revenue, beginning balance	386
Revenue recognized	(1,186)
Revenue deferred	1,274
Deferred revenue, ending balance	474
Predecessor [Member]
Deferred revenue, beginning balance	$ 2,534	$ 3,146
Revenue recognized		(8,470)
Revenue deferred		7,486
Deferred revenue, ending balance		2,162
Predecessor [Member] | Licensing Agreements [Member]
Deferred revenue, beginning balance		2,524
Revenue recognized		(5,476)
Revenue deferred		4,883
Deferred revenue, ending balance		1,931
Predecessor [Member] | Professional Service Agreements [Member]
Deferred revenue, beginning balance		622
Revenue recognized		(2,994)
Revenue deferred		2,603
Deferred revenue, ending balance		$ 231

Deferred Revenue (Details Narra

Deferred Revenue (Details Narrative) - USD ($) $ in Thousands	Dec. 31, 2023	Mar. 14, 2023	Dec. 31, 2022	Dec. 31, 2021
Successor [Member]
Deferred revenue	$ 2,878	$ 2,534
Predecessor [Member]
Deferred revenue		$ 2,534	$ 2,162	$ 3,146

Accrued Liabilities (Details)

Accrued Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Successor [Member]
Accrued compensation and benefits	$ 387
Accrued bonus and commissions	108
Income tax payables	74
Accrued rent
Accrued transaction costs	13
Accrued sales and other indirect taxes payable	12
Accrued other	858
Accrued liabilities	$ 1,452
Predecessor [Member]
Accrued compensation and benefits		$ 586
Accrued bonus and commissions		422
Income tax payables
Accrued rent		559
Accrued transaction costs
Accrued sales and other indirect taxes payable		86
Accrued other		83
Accrued liabilities		$ 1,736

Promissory Note (Details)

Promissory Note (Details) - Successor [Member] $ in Thousands	Dec. 31, 2023 USD ($)
Principal amount	$ 3,885
Less: Unamortized original issue discount	834
Unamortized debt issuance cost	14
Note payable before accrued interest payable	3,037
Add: Accrued interest payable	16
Note payable	$ 3,053

Promissory Note (Details Narrat

Promissory Note (Details Narrative) - Successor [Member] - USD ($) $ in Thousands	10 Months Ended
	Dec. 31, 2023	May 15, 2024
Principal amount	$ 3,885
Proceeds from note payable	3,000
Interest expense	$ 53
Subsequent Event [Member]
Aggregate outstanding principal and interest balance		$ 4,050

Warrants (Details)

Warrants (Details) - Successor [Member]	12 Months Ended
	Dec. 31, 2023 shares
Warrants outstanding at beginning	24,080,000
Warrants exchanged and exercised - cash	(2,435,000)
Warrants exercised - cash	(613,138)
Warrants outstanding at ending	21,031,862
Public Warrants [Member]
Warrants outstanding at beginning	13,800,000
Warrants exchanged and exercised - cash	(2,435,000)
Warrants exercised - cash	(613,138)
Warrants outstanding at ending	10,751,862
Private Warrants [Member]
Warrants outstanding at beginning	10,280,000
Warrants exchanged and exercised - cash
Warrants exercised - cash
Warrants outstanding at ending	10,280,000

Warrants (Details Narrative)

Warrants (Details Narrative) - Successor [Member] - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands			10 Months Ended	12 Months Ended
	Jul. 14, 2023	Jul. 13, 2023	Dec. 31, 2023	Dec. 31, 2023	Dec. 31, 2022
Proceeds from public warrants exercised			$ 4,948
Non-cash transaction	$ 4,914
Loss on the warrant conversion	$ 3,900
Warrant Holder [Member]
Number of Warrant exercised		435
[custom:NumberOfWarrantPurchase]	2,000
Common Stock, Par or Stated Value Per Share	$ 0.0001
[custom:NumberOfWarrantExchange]	600
Public Warrants [Member]
Warrants outstanding			10,752	10,752	0
Proceeds from public warrants exercised		$ 5,002
Number of public warrants exercised				613
Number public warrants exercised				50
Private Warrants [Member]
Warrant Price			$ 11.50
Exercise Price per share		$ 11.50
Private Placements Warrants [Member]
Warrants outstanding			10,280	10,280	0

Stock Option Plan and Stock-B_3

Stock Option Plan and Stock-Based Compensation (Details) - $ / shares	12 Months Ended
	Dec. 31, 2023
Stock Option Plan And Stock-based Compensation
Number of options outstanding, beginning
Weighted-average exercise price, beginning
Number of options, Granted	1,377,172
Weighted-average exercise price, Granted	$ 1.53
Number of options, Forfeited	(392,272)
Weighted-average exercise price, Forfeited	$ 1.53
Number of options outstanding, ending	984,900
Weighted-average exercise price, ending	$ 1.53
Weighted average remaining contractual term (years)	9 years 3 months
Weighted-Average Fair Value at Grant Date	$ 0.90
Number of options exercisable
Weighted-average exercise price, options exercisable

Stock Option Plan and Stock-B_4

Stock Option Plan and Stock-Based Compensation (Details 1) - Successor [Member]	10 Months Ended
	Dec. 31, 2023
Risk-free interest rate	3.67%
Expected life of option grants	5 years 9 months
Expected volatility of underlying stock	61.65%
Dividends assumption	(0.00%)

Stock Option Plan and Stock-B_5

Stock Option Plan and Stock-Based Compensation (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	2 Months Ended	10 Months Ended	12 Months Ended
	Mar. 14, 2023	Dec. 31, 2023	Dec. 31, 2023	Dec. 31, 2022	Mar. 10, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock option granted			1,377,172
Fair value of common stock as of grant date			$ 0.90
Number of options, Forfeited			392,272
Successor [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation		$ 1,080
Successor [Member] | Employee Stock Options [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation		239
Unrecognized stock compensation expense		$ 394	$ 394
Weighted average remaining term		1 year 2 months 26 days
Successor [Member] | Employee Stock Options [Member] | Employees And Directors [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock option granted		1,377,172,000
Vesting period		2 years
Option life		10 years
Weighted average fair value		$ 0.90
Fair value of common stock as of grant date		$ 1.53
Successor [Member] | Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation		$ 686
Unrecognized stock compensation expense		$ 1,796	$ 1,796
Weighted average remaining term		1 year 5 months 1 day
Weighted average fair value restricted stock unit		$ 7.80	$ 7.80
Number of options, Forfeited		40,000
Successor [Member] | Restricted Stock Units (RSUs) [Member] | Minimum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Fair value of common stock as of grant date		$ 6.13
Successor [Member] | Restricted Stock Units (RSUs) [Member] | Maximum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Fair value of common stock as of grant date		$ 11.80
Successor [Member] | Restricted Stock Units (RSUs) [Member] | Employees And Nonemployees [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Restricted stock units stock granted		526,165
Predecessor [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation	$ 158			$ 1,640
Predecessor [Member] | Employee Stock Options [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation				$ 1,640
2023 Equity Incentive Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares available for issuance					2,110,500

Common Stock (Details Narrative

Common Stock (Details Narrative) - Successor [Member] - $ / shares	Sep. 10, 2023	Dec. 31, 2023
Common Class C [Member]
Class of Stock [Line Items]
Number of shares converted	5,487,300
Common stock, par value	$ 0.0001	$ 0.0001
Common Class A [Member]
Class of Stock [Line Items]
Number of shares issued	5,487,300
Common stock, par value		$ 0.0001

Income Tax (Details)

Income Tax (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Successor [Member]
Organizational costs/startup expenses	$ 1,031
Deferred revenue	41
Section 174 - software development cost	1,097
Stock based compensation	164
Research credits
Other accruals	50
Fixed assets
Other
Net operating loss carryforward	2,202
Total deferred tax asset	4,585
Less: Valuation allowance	(871)
Deferred tax asset, net of valuation allowance	3,714
Intangibles	(4,338)
Property, plant & equipment	(13)
Other
Capitalized research
Total deferred tax liabilities	(4,351)
Net Deferred Tax Asset (Liability)	$ (637)
Predecessor [Member]
Organizational costs/startup expenses
Deferred revenue
Section 174 - software development cost
Stock based compensation		549
Research credits		123
Other accruals		49
Fixed assets		22
Other		1,328
Net operating loss carryforward		17,038
Total deferred tax asset		19,109
Less: Valuation allowance		(14,403)
Deferred tax asset, net of valuation allowance		4,706
Intangibles		(4,386)
Property, plant & equipment		(13)
Other		(177)
Capitalized research		(127)
Total deferred tax liabilities		(4,703)
Net Deferred Tax Asset (Liability)		$ 3

Income Tax (Details 1)

Income Tax (Details 1) - USD ($) $ in Thousands	2 Months Ended	10 Months Ended	12 Months Ended
	Mar. 14, 2023	Dec. 31, 2023	Dec. 31, 2022
Successor [Member]
Foreign
Current
Deferred
Federal
Current		(7)
Deferred		(2,154)
State and Local
Current		19
Deferred		(506)
Total		(2,648)
Change in valuation allowance		(924)
Income tax expense/(benefit)		$ (3,572)
Predecessor [Member]
Foreign
Current			$ 152
Deferred	4,054		(1,533)
Federal
Current
Deferred	(637)		(2,697)
State and Local
Current			3
Deferred	(273)		(743)
Total	3,144		(4,818)
Change in valuation allowance	(3,144)		4,971
Income tax expense/(benefit)			$ 153

Income Tax (Details 2)

Income Tax (Details 2)	2 Months Ended	10 Months Ended	12 Months Ended
	Mar. 14, 2023	Dec. 31, 2023	Dec. 31, 2022
Successor [Member]
Statutory federal income tax rate		21%
Incentive stock options
Change in fair value of derivative warrant liabilities		(2.18%)
Goodwill impairment loss		(14.34%)
US-Foreign income tax rate difference
Permanent difference		0.22%
Cancellation of debt income
Rate differential on foreign earnings		0.24%
State taxes, net of federal tax benefit		0.93%
Current federal tax true-up		0.01%
Provision to return adjustments
Deferred only adjustment
Other
Valuation allowance		0.88%
Income tax provision		6.76%
Predecessor [Member]
Statutory federal income tax rate	21%		21%
Incentive stock options	(0.30%)		(0.16%)
Change in fair value of derivative warrant liabilities
Goodwill impairment loss			(4.00%)
US-Foreign income tax rate difference	1.30%		1.02%
Permanent difference	0.07%		(1.01%)
Cancellation of debt income	(101.38%)
Rate differential on foreign earnings
State taxes, net of federal tax benefit	3.49%		2.01%
Current federal tax true-up
Provision to return adjustments			(1.29%)
Deferred only adjustment	4.80%		(0.91%)
Other	(0.35%)		(0.06%)
Valuation allowance	71.31%		(17.13%)
Income tax provision			(0.53%)

Income Tax (Details Narrative)

Income Tax (Details Narrative) - USD ($) $ in Thousands	2 Months Ended	10 Months Ended	12 Months Ended
	Mar. 14, 2023	Dec. 31, 2023	Dec. 31, 2022
Operating loss carryforwards federal		$ 4,973
Operating loss carryforwards state		4,776
Successor [Member]
Valuation allowance		(924)
Income tax benefit/(provision)		$ 3,572
Effective tax rate		6.76%
Deferred tax liability		$ 4,217
Predecessor [Member]
Valuation allowance	$ (3,144)		$ 4,971
Income tax benefit/(provision)	$ 0		$ 153
Effective tax rate			(0.53%)
Deferred tax liability	$ 4,337

Credit Risk and Concentrations

Credit Risk and Concentrations (Details Narrative) - Revenue Benchmark [Member] - Customer Concentration Risk [Member]	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Three Customers [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	22%	27%
One Customers [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	12%	11%

Foreign Operations (Details)

Foreign Operations (Details) - USD ($) $ in Thousands	2 Months Ended	10 Months Ended	12 Months Ended
	Mar. 14, 2023	Dec. 31, 2023	Dec. 31, 2022
Successor [Member]
Revenues by geographic area		$ 5,746
Operating income (loss) by geographic area		(48,208)
Net income (loss) by geographic area		(49,238)
Identifiable assets by geographic area		36,581
Long lived assets by geographic area		18,737
Goodwill by geographic area		8,737
Successor [Member] | UNITED STATES
Revenues by geographic area		4,838
Operating income (loss) by geographic area		(46,018)
Net income (loss) by geographic area		(47,073)
Identifiable assets by geographic area		38,143
Long lived assets by geographic area		18,269
Goodwill by geographic area		8,737
Successor [Member] | CANADA
Revenues by geographic area		908
Operating income (loss) by geographic area		(2,380)
Net income (loss) by geographic area		(2,332)
Identifiable assets by geographic area		627
Long lived assets by geographic area		320
Goodwill by geographic area
Successor [Member] | INDIA
Revenues by geographic area
Operating income (loss) by geographic area
Net income (loss) by geographic area
Identifiable assets by geographic area
Long lived assets by geographic area
Goodwill by geographic area
Successor [Member] | PHILIPPINES
Revenues by geographic area		884
Operating income (loss) by geographic area		190
Net income (loss) by geographic area		188
Identifiable assets by geographic area		434
Long lived assets by geographic area		148
Goodwill by geographic area
Successor [Member] | Eliminations [Member]
Revenues by geographic area		(884)
Operating income (loss) by geographic area
Net income (loss) by geographic area		(21)
Identifiable assets by geographic area		(2,623)
Long lived assets by geographic area
Goodwill by geographic area
Predecessor [Member]
Revenues by geographic area	1,620		$ 8,470
Operating income (loss) by geographic area	(4,381)		(29,025)
Net income (loss) by geographic area	(4,380)		(29,175)
Identifiable assets by geographic area			29,280
Long lived assets by geographic area			20,659
Goodwill by geographic area
Predecessor [Member] | UNITED STATES
Revenues by geographic area	1,395		7,011
Operating income (loss) by geographic area	(3,479)		(22,358)
Net income (loss) by geographic area	(3,342)		(21,774)
Identifiable assets by geographic area			24,591
Long lived assets by geographic area			15,558
Goodwill by geographic area
Predecessor [Member] | CANADA
Revenues by geographic area	285		2,061
Operating income (loss) by geographic area	(905)		(7,163)
Net income (loss) by geographic area	(1,041)		(7,769)
Identifiable assets by geographic area			5,484
Long lived assets by geographic area			4,788
Goodwill by geographic area
Predecessor [Member] | INDIA
Revenues by geographic area			1,345
Operating income (loss) by geographic area			569
Net income (loss) by geographic area			467
Identifiable assets by geographic area			228
Long lived assets by geographic area			98
Goodwill by geographic area
Predecessor [Member] | PHILIPPINES
Revenues by geographic area	160		166
Operating income (loss) by geographic area	3		(96)
Net income (loss) by geographic area	3		(99)
Identifiable assets by geographic area			415
Long lived assets by geographic area			215
Goodwill by geographic area
Predecessor [Member] | Eliminations [Member]
Revenues by geographic area	(220)		(2,113)
Operating income (loss) by geographic area			23
Net income (loss) by geographic area
Identifiable assets by geographic area			(1,438)
Long lived assets by geographic area
Goodwill by geographic area

Leases (Details)

Leases (Details) - Successor [Member] $ in Thousands	Dec. 31, 2023 USD ($)
Year 2024	$ 315
Year 2025	177
Year 2026	60
Total lease payments	552
Less: Imputed interest	(47)
Present value of lease liabilities	$ 505

Leases (Details Narrative)

Leases (Details Narrative) - USD ($) $ in Thousands	2 Months Ended	10 Months Ended	12 Months Ended
	Mar. 14, 2023	Dec. 31, 2023	Dec. 31, 2022
Successor [Member]
Operating lease expenses		$ 345
Weighted average remaining lease term		1 year 4 months 24 days
Weighted average discount rate used to determine operating lease		8%
Predecessor [Member]
Operating lease expenses	$ 57		$ 681
Weighted average remaining lease term			2 years 9 months 25 days
Weighted average discount rate used to determine operating lease			8%

Supplementary Financial Infor_3

Supplementary Financial Information (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	2 Months Ended	3 Months Ended							10 Months Ended	12 Months Ended
	Mar. 31, 2023	Mar. 14, 2023	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2023	Dec. 31, 2023	Dec. 31, 2022
Net Revenue											$ 7,366
Gross Profit											5,615
Net Income / (Loss)											$ (42,580)
Successor [Member]
Net Revenue	$ 342		$ 1,719	$ 1,770	$ 1,915
Gross Profit	255		1,376	1,412	1,435					$ 4,478
Net Income / (Loss)	$ 2,758		$ (38,707)	$ 1,441	$ (14,730)
Successor [Member] | Class A Common Stock [Member]
Basic weighted average shares outstanding	8,582,699		15,254,389	10,818,459	8,582,699
Diluted weighted average shares outstanding	8,582,699		15,254,389	10,818,459	8,582,699
Basic net income (loss) per share	$ 0.20		$ (2.54)	$ 0.13	$ (1.05)
Diluted net income (loss) per share	$ 0.20		$ (2.54)	$ 0.13	$ (1.05)
Successor [Member] | Class C Common Stock [Member]
Basic weighted average shares outstanding	5,487,300				5,487,300
Diluted weighted average shares outstanding	5,487,300				5,487,300
Basic net income (loss) per share	$ 0.20				$ (1.05)
Diluted net income (loss) per share	$ 0.20				$ (1.05)
Predecessor [Member]
Net Revenue		$ 1,620				$ 1,997	$ 1,742	$ 2,149	$ 2,582			$ 8,470
Gross Profit		1,137				1,561	1,243	1,609	1,993			6,406
Net Income / (Loss)		$ (4,380)				$ (5,541)	$ (10,929)	$ (11,034)	$ (1,671)			$ (29,175)

Subsequent Events (Details Narr

Subsequent Events (Details Narrative)	1 Months Ended
	May 22, 2024
Subsequent Event [Member]
Subsequent Event [Line Items]
Description of equity line financing agreement	the Company entered into an equity line financing agreement for up to $10,000 thousand, with an initial draw of $2,500 thousand in the second quarter of 2024.