Company: XAIR
Filing Date: 2025-06-20
Form Type: 10-K
Source: 0001641172-25-015750
Chunk: 121

Company: Beyond Air, Inc.
Filing Date: 2025-06-20
Form: 10-K
Item: Item 13
Chunk 121
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 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 March 31, 2025, the Company had greater
than $250,000 at United States financial institutions, greater 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.

    F-14

BEYOND AIR, INC. AND SUBSIDIARIES

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
    G