Company: XAIR
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001641172-25-023243
Chunk: 9

Company: Beyond Air, Inc.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 1
Chunk 9
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     5,000 

    Operating lease liability, net 
     1,419  
     1,486 
  
    Long-term debt, net 
     9,621  
     9,197 
  
    Warrant liability 
     21  
     38 
  
    Other long-term liabilities 
     2,019  
     - 
  
    Total liabilities 
     17,706  
     15,721 

    Stockholders’ equity 

    Preferred Stock, $0.0001 par value per share: 10,000,000 shares authorized, 0 shares issued and outstanding 
     -  
     - 
  
    Common Stock, $0.0001 par value per share: 500,000,000 shares authorized, 4,693,284 and 4,128,539
    shares issued and outstanding as of June 30, 2025 and March 31, 2025, respectively (1) 
     -  
     - 
  
    Treasury stock 
     (25) 
     (25)
  
    Additional paid-in capital 
     303,898  
     299,990 
  
    Accumulated deficit 
     (294,013) 
     (286,322)
  
    Accumulated other comprehensive income (loss) 
     67  
     (60)
  
    Total stockholders’ equity attributable to Beyond Air, Inc 
     9,927  
     13,583 
  
    Non-controlling interest 
     481  
     758 
  
    Total stockholders’ equity 
     10,408  
     14,341 
  
    TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 
    $28,114  
    $30,062 

(1)Prior period results
have been adjusted to reflect the one-for-twenty stock split in July 2025. See Note 1, Organization and Business for details.

The
accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

4

BEYOND
AIR, INC. AND SUBSIDIARIES

CONDENSED
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

(in
thousands, except share data)

(UNAUDITED)

    2025  
    2024