Merger Transaction (Tables)

9 Months Ended

Sep. 30, 2024

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

Schedule of Business Acquisitions

The below summarizes the total consideration transferred in the business combination (in thousands):

Fair value of common stock	$	10,939
Fair value of warrants	3,250
Fair value of preferred stock	11,302
Fair value of debt assumed	114
Total consideration	$	25,605

Schedule of Warrants

Significant inputs related to these warrants are as follows:

Fair value of common stock	$	5.27
Exercise price	$	5.13
Expected term	4.76 years
Volatility	146		%
Risk-free interest rate	4.2		%
Dividend yield	—		%

The following table summarizes the activity of warrants outstanding:

	Number of Warrants
Beginning balance as of January 1, 2024	771,895
Legacy Inpixon warrants from merger	1,448,481
Granted	167,664
Exercised	(409,815)
Expired	(96,659)
Exchanged	(1,602,630)
Ending balance as of September 30, 2024	278,936
Exercisable as of September 30, 2024	89,780

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary purchase price allocations relating to the XTI Merger (in thousands):

Assets acquired
Cash and cash equivalents	$	2,968
Accounts receivable	696
Notes and other receivables	7,929
Inventory	3,283
Prepaid assets and other current assets	756
Property and equipment	246
Other assets	1,202
Warrant assets	448
Tradename & trademarks	913
Proprietary technology	2,934
Customer relationships	702
In process research and development	243
Goodwill	12,398
	34,718
Liabilities assumed
Accounts payable	2,675
Accrued liabilities	4,282
Operating lease obligation	299
Deferred revenue	824
Short-term debt	114
Warrant liability	919
Total liabilities assumed	9,113
Estimated fair value of assets acquired	$	25,605