Company: XAIR
Filing Date: 2025-06-20
Form Type: 10-K
Source: 0001641172-25-015750
Chunk: 255

Company: Beyond Air, Inc.
Filing Date: 2025-06-20
Form: 10-K
Item: Item 15
Chunk 255
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 Other income (expense): 

    Dividend/investment income 
     705  
     1,739 
  
    Change in fair value of warrant liability 
     237  
     611 
  
    Change in fair value of derivative liability 
     1,314  
     48 
  
    Estimated contingent loss 
     -  
     (598)
  
    Other income/(expense) 
     9  
     (169)
  
    Loss on extinguishment of debt 
     (2,447) 
     - 
  
    Loss on disposal/impairment of fixed assets 
     (738) 
     - 
  
    Interest and finance expense 
     (3,019) 
     (2,912)
  
    Foreign exchange loss 
     (3) 
     (6)
  
    Total other income/(expense) 
     (3,942) 
     (1,288)

    Loss before income taxes 
     (48,479) 
     (64,295)

    Provision for income taxes 
     -  
     - 

    Net loss 
    $(48,479) 
    $(64,295)

    Less: net loss attributable to non-controlling interest 
     (1,854) 
     (4,053)

    Net loss attributable to Beyond Air, Inc. 
    $(46,625) 
    $(60,242)

    Other comprehensive loss, net of tax: 

    Foreign currency translation loss 
     (45) 
     (68)

    Comprehensive loss attributable to Beyond Air, Inc. 
    $(46,670) 
    $(60,310)

    Net basic and diluted loss per share attributable to Beyond Air, Inc. 
    $(0.69) 
    $(1.82)

    Weighted average number of shares of common stock outstanding – basic and diluted 
     67,706,527  
     33,160,180 

The
accompanying notes are an integral part of these consolidated financial statements.

F-5

BEYOND
AIR, INC. AND SUBSIDIARIES

CONSOLIDATED
STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY

FOR
THE YEAR ENDED MARCH 31, 2024

(in
thousands except share data)

    Number  
    Amount