Company: XAIR
Filing Date: 2025-06-20
Form Type: 10-K
Source: 0001641172-25-015750
Chunk: 1701

Company: Beyond Air, Inc.
Filing Date: 2025-06-20
Form: 10-K
Item: Item 6
Chunk 1701
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 Loss

    (in thousands, except number of shares and loss per share) 
    Year Ended March 31, 2025  
    Year Ended  March 31, 2024 

    Revenues 
    $3,705  
    $1,159 

    Cost of revenues 
     (5,368) 
     (2,466)

    Gross loss 
     (1,663) 
     (1,307)

    Operating expenses: 

    Research and development 
     (16,857) 
     (24,363)
  
    Selling, general and administrative 
     (26,017) 
     (37,337)
  
    Total Operating expenses 
     (42,874) 
     (61,700)

    Loss from Operations 
     (44,537) 
     (63,006)

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

    Total other income/(expense) 
     (3,942) 
     (1,288)

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

    Other comprehensive income: 

    Foreign currency translation (loss)