Company: XAIR
Filing Date: 2025-06-20
Form Type: 10-K
Source: 0001641172-25-015750
Chunk: 2459

Company: Beyond Air, Inc.
Filing Date: 2025-06-20
Form: 10-K
Item: Item 9B
Chunk 2459
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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 

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

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
consolidated statements of cash flows for:

 SCHEDULE OF CASH AND CASH EQUIVALENTS AND RESTRICTED CASH

    (in thousands) 
    March 31, 2025  
    March 31, 2024 
  
    Cash and cash equivalents 
    $4,665  
    $11,378 
  
    Restricted cash 
     231  
     230 
  
    Total cash, cash equivalents and restricted cash 
    $4,896  
    $11,608 
  
    Marketable securities: 

    Marketable debt securities 
     -  
     - 
  
    U.S. government securities 
     -  
     16,388 
  
    Mutual fund (Ultra-Short-Term Income) 
     2,252  
     6,702 
  
    Total marketable securities 
     2,252  
     23,090 

    Total cash, cash equivalents, marketable securities and restricted cash 
    $7,148  
    $34,698 

The following table summarizes the Company’s
short-term marketable securities with unrealized gains and losses as of March 31, 2025 aggregated by major security type:

 SUMMARY OF SHORT-TERM MARKETABLE SECURITIES WITH UNREALIZED GAINS AND LOSSES

    (in thousands)
     
    Fair Value

    Unrealized
    Gains and
    (Losses)

    Mutual fund (Ultra-Short-Term Income)
     
    $
    2,252

    $
    39

    Total short-term marketable securities
     
    $
    2,252

    $
    39

The following table summarizes our short-term marketable
securities with unrealized gains and losses as of March 31, 2024 aggregated by major security type:

    (in thousands) 
    Fair Value  
    Unrealized Gains and (Losses) 
  
    US government securities 
    $16,388  
    $117 
  
    Mutual fund (Ultra