Company: XAIR
Filing Date: 2025-06-20
Form Type: 10-K
Source: 0001641172-25-015750
Chunk: 1306

Company: Beyond Air, Inc.
Filing Date: 2025-06-20
Form: 10-K
Item: Item 2
Chunk 1306
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in the employ of the Company. As of March 31, 2025 and March 31, 2024, no shares were issued under the ESPP.

    F-24

BEYOND AIR, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 5 OTHER CURRENT ASSETS AND PREPAID EXPENSES

A summary of prepaid expenses as of March 31, 2025
and March 31, 2024 is as follows (in thousands):

 SCHEDULE OF CURRENT ASSETS AND PREPAID EXPENSES

    March 31, 2025  
    March 31, 2024 
  
    Prepaid research and development 
    $108  
    $104 
  
    Prepaid insurance 
     817  
     886 
  
    Prepaid rents and tenant improvements 
     10  
     49 
  
    Value added tax receivable 
     150  
     229 
  
    Deposits to secure manufacturing materials 
     4,377  
     5,019 
  
    Demonstration materials 
     78  
     228 
  
    Other 
     203  
     277 
  
    Total 
    $5,743  
    $6,792 
  
    Prepaid
    expenses and other current assets 
    $5,743  
    $6,792 

NOTE 6 ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

A summary of accrued expenses as of March 31, 2025
and March 31, 2024 is as follows (in thousands):

 SUMMARY OF ACCRUED EXPENSES

    March 31, 2025  
    March 31, 2024 
  
    Research and development 
    $360  
    $965 
  
    Professional fees 
     440  
     466 
  
    Employee salaries and benefits 
     924  
     1,302 
  
    Contingent litigation and settlements (Note 13) 
     -  
     400 
  
    Deferred revenue 
     -  
     138 
  
    Circassia settlement – current portion (Note 9) 
     -  
     4,500 
  
    Goods received not invoiced 
     98  
     356 
  
    Other