Foreign Operations

9 Months Ended

Sep. 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 September 30, 2024:
Revenues by geographic area	$	435	$	622	$	—	$	(139)	$	918
Operating (loss) income by geographic area	$	(3,167)	$	(1,049)	$	—	$	—	$	(4,216)
Net (loss) income by geographic area	$	(3,389)	$	(1,046)	$	—	$	—	$	(4,435)
For the Three Months Ended September 30, 2023:
Revenues by geographic area	$	—	$	—	$	—	$	—	$	—
Operating (loss) income by geographic area	$	(2,378)	$	—	$	—	$	—	$	(2,378)
Net (loss) income by geographic area	$	(2,703)	$	—	$	—	$	—	$	(2,703)
For the Nine Months Ended September 30, 2024:
Revenues by geographic area	$	758	$	1,689	$	—	$	(278)	$	2,169
Operating (loss) income by geographic area	$	(25,146)	$	(1,874)	$	—	$	—	$	(27,020)
Net (loss) income by geographic area	$	(19,886)	$	(1,861)	$	—	$	—	$	(21,747)
For the Nine Months Ended September 30, 2023:
Revenues by geographic area	$	—	$	—	$	—	$	—	$	—
Operating (loss) income by geographic area	$	(7,702)	$	—	$	—	$	—	$	(7,702)
Net (loss) income by geographic area	$	(8,897)	$	—	$	—	$	—	$	(8,897)
As of September 30, 2024:
Identifiable assets by geographic area	$	43,253	$	23,322	$	10	$	(37,302)	$	29,283
Long lived assets by geographic area	$	2,086	$	3,449	$	—	$	—	$	5,535
Goodwill by geographic area	$	3,142	$	9,596	$	—	$	—	$	12,738
As of December 31, 2023:
Identifiable assets by geographic area	$	509	$	—	$	—	$	—	$	509
Long lived assets by geographic area	$	278	$	—	$	—	$	—	$	278
Goodwill by geographic area	$	—	$	—	$	—	$	—	$	—