XML 69 R44.htm IDEA: XBRL DOCUMENT v3.25.1
Common Stock (Tables)
12 Months Ended
Dec. 31, 2024
Common Stock [Abstract]  
Schedule of Debt Conversions The Company accounted for these conversions as an inducement and recognized a loss of approximately $6.7 million related to the fair value of the additional shares issued compared to the original terms of the convertible note, which is included in inducement loss on debt conversions in the other income and expense section of the condensed consolidated statements of operations. The following table details the notes converted into shares of Legacy XTI common stock (in thousands, except share amounts and conversion price).
Letter Agreement  Aggregate Principal and Interest Outstanding Immediately Prior to XTI Merger   Aggregate Principal and Interest Converted to Common Shares   Reduced Conversion Price   Post - Exchange Ratio / Post 1-for-250 Split  Common Shares   Outstanding Payment Obligation Immediately After XTI Merger   Net Inducement Charge 
Convertible Note 2021  $2,777   $2,504    742.22    3,376   $273   $3,266 
Convertible Note 2017  $2,148   $2,148    742.22    2,896   $   $2,795 
Convertible Note 2022  $682   $600    742.22    808   $82   $464 
Convertible Note 2023  $333   $300    742.22    404   $33   $207 
Totals  $5,940   $5,552         7,484   $388   $6,732