Company: XAIR
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001493152-25-021561
Chunk: 6

Company: Beyond Air, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 6
---
) 
    $293,398  
    $(265,255) 
    $9  
    $1,167  
    $29,294 
  
    Balance 
     3,609,383  
    $-  
    $(25) 
    $293,398  
    $(265,255) 
    $9  
    $1,167  
    $29,294 

    (1)
    Prior
    period results have been adjusted to reflect the one-for-twenty stock split in July 2025. See Note 1, Organization and Business
    for details.

The
accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

7

BEYOND
AIR, INC. AND SUBSIDIARIES

CONDENSED
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

(in
thousands)

    2025  
    2024 

    For the Six
    Months Ended 

    September
    30, 

    2025  
    2024 

    Cash flows from
    operating activities 

    Net loss 
    $(16,336) 
    $(27,083)
  
    Adjustments to reconcile
    net loss to net cash used in operating activities 

    Depreciation 
     1,523  
     1,468 
  
    Amortization of licensed
    right to use technology 
     102  
     102 
  
    Stock-based compensation 
     3,352  
     6,508 
  
    Amortization of debt discount
    and accretion of debt issuance costs 
     133  
     778 
  
    Change in fair value of
    warrant liability 
     (16) 
     (214)
  
    Change in fair value of
    derivative liability 
     -  
     (1,314)
  
    Amortization of operating
    lease assets 
     217  
     206 
  
    Paid in kind interest 
     837  
     - 
  
    Provision for inventory
    losses 
     239  
     333 
  
    Foreign currency adjustments 
     (138) 
     - 
  
    Loss on extinguishment
    of debt 
     -  
     624 
  
    Loss on