Company: XAIR
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001641172-25-023243
Chunk: 75

Company: Beyond Air, Inc.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part II, Item 8
Chunk 75
---
 Level 2  
    Level 3 

    Marketable securities: 

    Mutual funds 
    $2,252  
    $2,252  
    $-  
    $- 
  
    Total assets measured and recorded at fair value 
    $2,252  
    $2,252  
    $-  
    $- 

    Liabilities: 

    Warrant liability 
    $38  
    $-  
    $-  
    $38 
  
    Total liabilities measured and recorded at fair value 
    $38  
    $-  
    $-  
    $38 

The
following table summarizes the Company’s short-term marketable securities with unrealized gains and losses as of June 30, 2025,
aggregated by major security type:

SUMMARY
OF SHORT-TERM MARKETABLE SECURITIES WITH UNREALIZED GAINS AND LOSSES 

    (in thousands) 
    Fair Value  
    Unrealized Gains 
  
    Mutual funds 
    $1,487  
    $48 
  
    Total short-term marketable securities 
    $1,487  
    $48 

The
following table summarizes our short-term marketable securities with unrealized gains and losses as of March 31, 2025, aggregated by
major security type:

    (in thousands) 
    Fair Value  
    Unrealized Gains 
  
    Mutual funds 
    $2,252  
    $39 
  
    Total short-term marketable securities 
    $2,252  
    $39 

    12

BEYOND
AIR, INC. AND SUBSIDIARIES

NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

NOTE
2 SIGNIFICANT ACCOUNTING POLICIES AND OTHER RISKS AND UNCERTAINTIES (continued)

Level
3 Valuation

The
warrant liability is remeasured each reporting period with the change in fair value recorded to other income (expense) in the condensed
consolidated statement of operations and comprehensive loss until the warrants are exercised, expired, reclassified or otherwise settled.
The significant assumptions used in valuing the warrants were as follows:

 SCHEDULE OF VALUING THE WARRANTS  

    At June 30, 2025 
    Warrants 
  
    Expected term (in years)