Company: XAIR
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0001493152-25-005678
Chunk: 94

Company: Beyond Air, Inc.
Filing Date: 2025-02-10
Form: 10-Q
Item: Part II, Item 8
Chunk 94
---
 for in accordance with ASC
320. The marketable securities are valued using inputs observable in active markets for identical securities and are therefore classified
as Level 1 within the Company’s fair value hierarchy.

As
of December 31, 2024 and March 31, 2024, restricted cash included approximately $0.2 million and $0.2 million, respectively.

Concentration
of Credit Risk

Financial
instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in a financial institution,
which at times, may exceed the federal depository insurance coverage of $250,000
in the United States, A$250,000
in Australia, $25,000
in Bermuda, €100,000
in Ireland and €100,000
in Cyprus. There is currently no official federal
depository insurance in Israel. The Company has not experienced losses on these accounts, and management believes the Company is not
exposed to significant risks on such accounts. As of December 31, 2024, the Company had greater than $250,000 at United States financial
institutions, less than A$250,000 at Australian financial institutions, greater than €100,000 at Irish financial institutions and
also has funds on deposit in Israel.

The
following table is the reconciliation of the presentation and disclosure of cash, cash equivalents, marketable securities by major security
type and restricted cash as shown on the Company’s condensed consolidated statements of cash flows for:

 SCHEDULE
OF CASH AND CASH EQUIVALENTS, MARKETABLE SECURITIES AND RESTRICTED CASH

    (in thousands) 
    December 31, 2024  
    March 31, 2024 
  
    Cash and cash equivalents 
    $4,601  
    $11,378 
  
    Restricted cash 
     232  
     230 
  
    Total cash, cash equivalents and restricted cash 
    $4,833  
    $11,608 
  
    Marketable securities: 

    Marketable debt securities 
     -  
     - 
  
    U.S. government securities 
     -  
     16,388 
  
    Mutual fund (ultra-short-term income) 
     6,349  
     6,702 
  
    Total marketable securities 
    $6,349  
    $23,090 

    Total cash, cash equivalents, marketable