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v3.23.2

Goodwill and Intangible Assets (Tables) | 3 Months Ended
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Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of goodwill |
Schedule of goodwill |  |  |  |
Acquisition |  | Amount |
Balance as of March 14, 2023 |  | $ | - |
Acquisition of Legacy CXApp |  |  | 44,122 |
Balance as of March 31, 2023 |  | $ | 44,122 |
Schedule of intangible assets |
Schedule of intangible assets |  | March 31, 2023 (Successor) |  |  |  | December 31, 2022 (Predecessor) |
|  | Weighted Average Remaining Useful Life (Years) |  |  | Gross Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |  |  | Gross Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Trade Name/Trademarks |  | 7 years |  |  | $ | 3,294 |  |  | $ | (20 | ) | $ | 3,274 |  |  | $ | 2,183 |  |  | $ | (725 | ) |  | $ | 1,458 |
Customer Relationships |  | 5 years |  |  |  | 5,604 |  |  |  | (47 | ) |  | 5,557 |  |  |  | 6,401 |  |  |  | (1,765 | ) |  |  | 4,636 |
Developed Technology |  | 10 years |  |  |  | 9,268 |  |  |  | (38 | ) |  | 9,230 |  |  |  | 15,179 |  |  |  | (3,398 | ) |  |  | 11,781 |
Non-compete Agreements |  |  |  |  |  | - |  |  |  | - |  |  | - |  |  |  | 3,150 |  |  |  | (1,736 | ) |  |  | 1,414
Patents and Intellectual Property |  | 10 years |  |  |  | 2,703 |  |  |  | (11 | ) |  | 2,692 |  |  |  | - |  |  |  | - |  |  |  | - |
Totals |  |  |  |  | $ | 20,869 |  |  | $ | (116 | ) | $ | 20,753 |  |  | $ | 26,913 |  |  | $ | (7,624 | ) |  | $ | 19,289 |
Schedule of future amortization expense |
Schedule of future amortization expense |  |  |  |
For the Years Ending December 31, |  | Amount |
2023 |  | $ | 2,091 |
2024 |  |  | 2,788 |
2025 |  |  | 2,788 |
2026 |  |  | 2,788 |
2027 |  |  | 2,788 |
2028 and thereafter |  |  | 7,510 |
Total |  | $ | 20,753 |

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