Foreign Operations

6 Months Ended

Jun. 30, 2024

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 States		Germany		United Kingdom		Eliminations		Total
For the Three Months Ended June 30, 2024:
Revenues by geographic area	$	296	$	874	$	—	$	(139)	$	1,031
Operating (loss) income by geographic area	$	(13,039)	$	(888)	$	—	$	—	$	(13,927)
Net (loss) income by geographic area	$	(13,823)	$	(887)	$	—	$	—	$	(14,710)
For the Three Months Ended June 30, 2023:
Revenues by geographic area	$	—	$	—	$	—	$	—	$	—
Operating (loss) income by geographic area	$	(4,041)	$	—	$	—	$	—	$	(4,041)
Net (loss) income by geographic area	$	(4,629)	$	—	$	—	$	—	$	(4,629)
For the Six Months Ended June 30, 2024:
Revenues by geographic area	$	323	$	1,067	$	—	$	(139)	$	1,251
Operating (loss) income by geographic area	$	(21,979)	$	(825)	$	—	$	—	$	(22,804)
Net (loss) income by geographic area	$	(16,497)	$	(815)	$	—	$	—	$	(17,312)
For the Six Months Ended June 30, 2023:
Revenues by geographic area	$	—	$	—	$	—	$	—	$	—
Operating (loss) income by geographic area	$	(5,324)	$	—	$	—	$	—	$	(5,324)
Net (loss) income by geographic area	$	(6,194)	$	—	$	—	$	—	$	(6,194)
As of June 30, 2024:
Identifiable assets by geographic area	$	45,427	$	22,455	$	10	$	(33,851)	$	34,041
Long lived assets by geographic area	$	2,141	$	3,505	$	—	$	—	$	5,646
Goodwill by geographic area	$	3,142	$	9,188	$	—	$	—	$	12,330
As of December 31, 2023:
Identifiable assets by geographic area	$	509	$	—	$	—	$	—	$	509
Long lived assets by geographic area	$	278	$	—	$	—	$	—	$	278
Goodwill by geographic area	$	—	$	—	$	—	$	—	$	—