Company: XAIR
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001641172-25-023243
Chunk: 76

Company: Beyond Air, Inc.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part II, Item 8
Chunk 76
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     3.0 
  
    Volatility 
     105.7%
  
    Risk-free rate 
     3.7%

    At March 31, 2025 
    Warrants 
  
    Expected term (in years) 
     3.25 
  
    Volatility 
     99.0%
  
    Risk-free rate 
     3.9%

The
following table is a summary of changes in the fair value of the Company’s Level 3 valuation for the warrants for the three months
ended June 30, 2025:

 SCHEDULE OF CHANGES IN FAIR VALUE OF WARRANTS  

    Warrants 
  
    Balance at March 31, 2025 
    $38 
  
    Change in fair value 
     (17)
  
    Balance at June 30, 2025 
    $21 

Cash
and Cash Equivalents, Short-Term Investments and Restricted Cash

The
Company considers all highly liquid investments with original maturities of three months or less at the date of purchase and an investment
in a U.S. government money market fund to be cash equivalents. The Company maintains its cash and cash equivalents in highly rated financial
institutions in Australia, Israel, Ireland and the U.S., the balances of which, at times, may exceed federally insured limits. Marketable
securities may include investment in a combination of fixed income bonds, U.S. Treasury securities, and mutual funds that are considered
to be highly liquid and easily tradeable. The marketable securities are considered trading securities and are measured at fair value
and are accounted for in accordance with ASC 320. The marketable securities are valued using inputs observable in active markets for
identical securities and are therefore classified as Level 1 within the Company’s fair value hierarchy.

As
of June 30, 2025 and March 31, 2025, restricted cash included approximately $0.2 million and $0.2 million, respectively.

Concentration
of Credit Risk

Financial
instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in a financial institution,
which at times, may exceed the federal depository insurance coverage of $250,000 in the United States, A$250,000 in Australia, $25,000
in Bermuda, €100,000 in Ireland and €100,000 in Cyprus. There is currently no official federal depository insurance in Israel.
The Company has not