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

Company: Beyond Air, Inc.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 1
Chunk 25
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 at times, may exceed federally insured limits. Marketable
securities may include investment in a combination of fixed income bonds, U.S. Treasury securities, and mutual funds that are considered
to be highly liquid and easily tradeable. The marketable securities are considered trading securities and are measured at fair value
and are accounted for in accordance with ASC 320. The marketable securities are valued using inputs observable in active markets for
identical securities and are therefore classified as Level 1 within the Company’s fair value hierarchy.

As
of June 30, 2025 and March 31, 2025, restricted cash included approximately $0.2 million and $0.2 million, respectively.

Concentration
of Credit Risk

Financial
instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in a financial institution,
which at times, may exceed the federal depository insurance coverage of $250,000 in the United States, A$250,000 in Australia, $25,000
in Bermuda, €100,000 in Ireland and €100,000 in Cyprus. There is currently no official federal depository insurance in Israel.
The Company has not experienced losses on these accounts, and management believes the Company is not exposed to significant risks on
such accounts. As of June 30, 2025, the Company had greater than $250,000 at United States financial institutions, less than A$250,000
at Australian financial institutions, greater than €100,000 at Irish financial institutions and also has funds on deposit in Israel.
Any loss incurred or a lack of access to such funds could have a significant adverse impact on the Company’s financial condition,
results of operations and cash flows.

The
following table is the reconciliation of the presentation and disclosure of cash, cash equivalents, marketable securities by major security
type, and restricted cash as shown on the Company’s condensed consolidated statements of cash flows:

 SCHEDULE OF CASH AND CASH EQUIVALENTS AND RESTRICTED CASH 

    (in thousands) 
    June 30, 2025  
    March 31, 2025 
  
    Cash and cash equivalents 
    $4,976  
    $4,665 
  
    Restricted cash 
     163  
     231 
  
    Total cash, cash equivalents and restricted cash 
    $5,139  
    $4,896 
  
    Marketable securities: 

    Mutual funds 
     1