Company: XAIR
Filing Date: 2025-06-20
Form Type: 10-K
Source: 0001641172-25-015750
Chunk: 193

Company: Beyond Air, Inc.
Filing Date: 2025-06-20
Form: 10-K
Item: Item 14
Chunk 193
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    Level 1  
    Level 2  
    Level 3 

    Marketable securities: 

    Mutual funds 
    $2,252  
    $2,252  
     -  
     - 
  
    Total assets measured and recorded at fair value 
    $2,252  
    $2,252  
    $-  
    $- 

    Liabilities: 

    Warrant liability 
    $38  
    $-  
    $-  
    $38 
  
    Total liabilities measured and recorded at fair value 
    $38  
    $-  
    $-  
    $38 

    F-12

BEYOND AIR, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 

NOTE 2 SIGNIFICANT ACCOUNTING POLICIES AND OTHER
RISKS AND UNCERTAINTIES (continued)

The fair value amounts as of March 31, 2024 are:

    (in thousands) 
    Total  
    Level 1  
    Level 2  
    Level 3 

    Marketable securities : 

    Government securities 
    $16,388  
    $16,388  
     -  
     - 
  
    Mutual funds 
     6,702  
     6,702  
     -  
     - 
  
    Total assets measured and recorded at fair value 
    $23,090  
    $23,090  
    $-  
    $- 

    Liabilities: 

    Warrant liability 
    $275  
    $-  
    $-  
    $275 
  
    Derivative liability 
     1,314  
     -  
     -  
     1,314 
  
    Total liabilities measured and recorded at fair value 
    $1,589  
    $-  
    $-  
    $1,589 

Level 3 Valuation

The common stock warrants issued
in connection with the Loan and Security Agreement (as defined below) in June 2023 (Note 10) are recorded as a warrant liability within
the consolidated balance sheet as of March 31, 2025 as the warrants contain certain settlement features that are not indexed to the Company’s
own