Company: XAIR
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0001493152-25-005678
Chunk: 139

Company: Beyond Air, Inc.
Filing Date: 2025-02-10
Form: 10-Q
Item: Part II, Item 8
Chunk 139
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ishment of the Loan and Security agreement, an increase in interest expense
of $0.4 million, $0.2 million losses incurred on disposal of fixed assets in relation to office closures and offset by a decrease of
$0.6 million of non-product related litigation and change in fair value of the derivative liability of $0.2 million on the Loan and Security
Agreement.

Net
Loss Attributable to Non-controlling Interests

Net
loss attributed to non-controlling interests for the three months ended December 31, 2024, was $0.3 million, compared to $1.0 million
for the three months ended December 31, 2023. Net loss attributed to non-controlling interests for the nine months ended December 31,
2024, was $1.8 million, compared to $3.2 million for the nine months ended December 31, 2023. Non-controlling interests represent 20%
of the net loss of our Beyond Cancer subsidiary, which was established in November 2021.

 34 

Net
Loss Attributed to Common Stockholders

Net
loss attributed to common stockholders of Beyond Air, Inc for the three months ended December 31, 2024, was ($13.1) million or a loss
of ($0.15) per share, basic and diluted. Our net loss attributed to common stockholders of Beyond Air, Inc for the three months ended
December 31, 2023 was ($16.2) million or a loss of ($0.50) per share, basic and diluted.

Net
loss attributed to common stockholders of Beyond Air, Inc for the nine months ended December 31, 2024, was ($38.6) million or a loss
of ($0.64) per share, basic and diluted. Our net loss attributed to common stockholders of Beyond Air, Inc for the nine months ended
December 31, 2023 was ($46.5) million or a loss of ($1.46) per share, basic and diluted.

Liquidity
and Capital Resources

Cash
Flows

Below
is a summary of our cash flows activities for the nine months ended December 31, 2024 and December 31, 2023:

    Nine Months Ended 

    December 31, 
  
    (in thousands) 
    2024  
    2023 

    Net cash provided by (used in