Company: XAIR
Filing Date: 2025-06-20
Form Type: 10-K
Source: 0001641172-25-015750
Chunk: 1268

Company: Beyond Air, Inc.
Filing Date: 2025-06-20
Form: 10-K
Item: Item 2
Chunk 1268
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(in
thousands except share data)

    Year Ended March 31, 2025  
    Year Ended March 31, 2024 

    Revenues 
    $3,705  
    $1,159 

    Cost of revenues 
     (5,368) 
     (2,466)

    Gross loss 
     (1,663) 
     (1,307)

    Operating expenses: 

    Research and development 
     (16,857) 
     (24,363)
  
    Selling, general and administrative 
     (26,017) 
     (37,337)
  
    Total operating expenses 
     (42,874) 
     (61,700)

    Loss from operations 
     (44,537) 
     (63,006)

    Other income (expense): 

    Dividend/investment income 
     705  
     1,739 
  
    Change in fair value of warrant liability 
     237  
     611 
  
    Change in fair value of derivative liability 
     1,314  
     48 
  
    Estimated contingent loss 
     -  
     (598)
  
    Other income/(expense) 
     9  
     (169)
  
    Loss on extinguishment of debt 
     (2,447) 
     - 
  
    Loss on disposal/impairment of fixed assets 
     (738) 
     - 
  
    Interest and finance expense 
     (3,019) 
     (2,912)
  
    Foreign exchange loss 
     (3) 
     (6)
  
    Total other income/(expense) 
     (3,942) 
     (1,288)

    Loss before income taxes 
     (48,479) 
     (64,295)

    Provision for income taxes 
     -  
     - 

    Net loss 
    $(48,479) 
    $(64,295)

    Less: net loss attributable to non-controlling interest 
     (1,854) 
     (4,053)

    Net loss attributable to Beyond Air, Inc. 
    $(46,625) 
    $(60,242)

    Other comprehensive loss, net of tax: 

    Foreign currency translation loss 
     (45