Company: XAIR
Filing Date: 2025-06-20
Form Type: 10-K
Source: 0001641172-25-015750
Chunk: 472

Company: Beyond Air, Inc.
Filing Date: 2025-06-20
Form: 10-K
Item: Item 8
Chunk 472
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     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 
     223  
     275 
  
    Total short-term accrued expenses 
    $2,045  
    $8,402 

    F-25

BEYOND AIR, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 7 LEASES

Lessees are required
to recognize operating and financing lease liabilities and corresponding right-of-use assets on the consolidated balance sheets and
provide disclosures surrounding the amount, timing and uncertainty of cash flows arising from leasing arrangements. There were no
new leases entered into during the years ended March 31, 2025 and March 31, 2024. The right-of use assets and operating lease
liability are as follows (in thousands):

 SCHEDULE
OF OPERATING LEASE LIABILITY

    March 31, 2025  
    March 31, 2024 

    Right-of-use assets 
    $1,706  
    $2,121 

    Operating lease liability short-term 
    $396  
    $418