Company: XAIR
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001641172-25-023243
Chunk: 8

Company: Beyond Air, Inc.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 1
Chunk 8
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CONDENSED
CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

INDEX

    Page

    Condensed Consolidated Balance Sheets
    4

    Condensed Consolidated Statements of Operations and Comprehensive Loss
    5

    Condensed Consolidated Statements of Changes in Stockholders’ Equity
    6

    Condensed Consolidated Statements of Cash Flows
    8

    Notes to Condensed Consolidated Financial Statements
    9–
    22

3

BEYOND
AIR, INC. AND SUBSIDIARIES

CONDENSED
CONSOLIDATED BALANCE SHEETS

(in
thousands, except share data)

    June 30, 2025  
    March 31, 2025 

    (Unaudited)  

    ASSETS 

    Current assets 

    Cash and cash equivalents 
    $4,976  
    $4,665 
  
    Marketable securities 
     1,487  
     2,252 
  
    Restricted cash 
     163  
     231 
  
    Accounts receivable, net 
     804  
     710 
  
    Inventory, net 
     2,433  
     2,417 
  
    Other current assets and prepaid expenses 
     5,126  
     5,743 
  
    Total current assets 
     14,989  
     16,018 

    Licensed right to use technology 
     1,171  
     1,222 
  
    Right-of-use lease assets 
     1,654  
     1,706 
  
    Property and equipment, net 
     10,188  
     11,013 
  
    Other assets 
     112  
     103 
  
    TOTAL ASSETS 
    $28,114  
    $30,062 

    LIABILITIES AND STOCKHOLDERS’ EQUITY 

    Current liabilities 

    Accounts payable 
    $1,242  
    $1,950 
  
    Accrued expenses and other current liabilities 
     2,737  
     2,045 
  
    Operating lease liability, current portion 
     414  
     396 
  
    Loans payable, current portion 
     233  
     609 
  
    Total current liabilities 
     4,626