Company: XAIR
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001641172-25-023243
Chunk: 111

Company: Beyond Air, Inc.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part II, Item 8
Chunk 111
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0.1 million in legal fees.

Other
Income/Expense

Other
expense for the three months ended June 30, 2025 were $0.5 million as compared to other income of $0.5 million for the three months ended
June 30, 2024. The increase in expense of $1.0 million was attributed primarily to the prior period gain associated with the change in
fair value of the derivative liability of $1.0 million. The derivative liability was extinguished in the prior year and no fair value
measurement of such instrument occurred during the current period. Additionally, the decrease in interest expense of $0.5 million is
due to the Company’s current debt facility compared to the debt outstanding in the comparative period. The decrease in interest
expense is offset by a $0.4 million decrease of dividend and interest income.

Net
Loss Attributable to Non-controlling Interests

Net
loss attributed to non-controlling interests for the three months ended June 30, 2025, was $0.4 million, compared to $0.9 million for
the three months ended June 30, 2024. Non-controlling interests represent 20% of the net loss of our Beyond Cancer subsidiary and 11.8%
of the net loss of our NeuroNos subsidiary.

30

Net
Loss Attributed to Common Stockholders

Net
loss attributed to common stockholders of Beyond Air, Inc for the three months ended June 30, 2025, was $7.8 million or a loss of $1.53
per share, basic and diluted. Our net loss attributed to common stockholders of Beyond Air, Inc for the three months ended June 30, 2024
was $12.2 million or a loss of $5.32 per share, basic and diluted.

Liquidity
and Capital Resources

Cash
Flows

Below
is a summary of our cash flows activities for the three months ended June 30, 2025 and June 30, 2024:

    Three Months Ended 

    June 30, 
  
    (in thousands) 
    2025  
    2024 

    Net cash provided by (used in): 

    Operating activities 
    $(4,526) 
    $(10,180)
  
    Investing activities 
     576  
     3,114 
  
    Financing activities 
     4,066