Foreign Operations

12 Months Ended

Dec. 31, 2024

Foreign Operations [Abstract]

Foreign Operations

Note 17- Foreign Operations

Prior to the XTI Merger, the Company’s operations were located primarily in the United States. After the XTI Merger, the Company’s operations are located primarily in the United States, Germany, and the United Kingdom. Revenues by geographic area are attributed by country of domicile of our subsidiaries. The financial data by geographic area are as follows (in thousands):

	United						United
	States			Germany			Kingdom		Eliminations			Total
For the Year Ended December 31, 2024:
Revenues by geographic area	$	1,066		$	2,553		$	—	$	(417	)	$	3,202
Operating income (loss) by geographic area	$	(32,249	)	$	(4,731	)	$	—	$	—		$	(36,980	)
Net income (loss) by geographic area	$	(30,892	)	$	(4,711	)	$	—	$	—		$	(35,603	)
For the Year Ended December 31, 2023:
Revenues by geographic area	$	—		$	—		$	—	$	—		$	—
Operating income (loss) by geographic area	$	(7,589	)	$	—		$	—	$	—		$	(7,589	)
Net income (loss) by geographic area	$	(25,066	)	$	—		$	—	$	—		$	(25,066	)
As of December 31, 2024:
Identifiable assets by geographic area	$	44,198		$	19,763		$	11	$	(39,681	)	$	24,291
Long lived assets by geographic area	$	1,053		$	1,377		$	—	$	—		$	2,430
Goodwill by geographic area	$	3,142		$	8,930		$	—	$	—		$	12,072
As of December 31, 2023:
Identifiable assets by geographic area	$	509		$	—		$	—	$	—		$	509
Long lived assets by geographic area	$	278		$	—		$	—	$	—		$	278
Goodwill by geographic area	$	—		$	—		$	—	$	—		$	—