Company: XAIR
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001641172-25-023243
Chunk: 81

Company: Beyond Air, Inc.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part II, Item 8
Chunk 81
---
5 and June 30, 2024 was $0.2 million and
$0.3 million, respectively.

As
of June 30, 2025, the Company had unrecognized stock-based compensation expense for the restricted stock unit awards in the 2013 BA Plan
of approximately $0.7 million, which is expected to be expensed over the weighted average remaining service period of 1.3 years.

As
of June 30, 2025, all vested shares had been issued.

Stock
Options

The
vesting terms of the options issued under the 2013 BA Plan are generally four years and expire ten years from the grant date.

A
summary of the change in stock options for the three months ended June 30, 2025 is as follows:

SCHEDULE OF OPTION ACTIVITY  

    Number of Options  
    Weighted Average Exercise Price of Options  
    Weighted Average Remaining Contractual Life of Options  
    Aggregate Intrinsic Value (in thousands) 

    Options outstanding as of March 31, 2025 
     739,219  
    $9.34  
     7.9  
    $- 
  
    Granted 
     2,050  
     5.89  
     -  
     - 
  
    Exercised 
     -  
     -  
     -  
     - 
  
    Forfeited 
     (13,007) 
     9.28  
     -  
     - 
  
    Outstanding as of June 30, 2025 
     728,262  
    $9.33  
     7.7  
    $- 
  
    Exercisable as of June 30, 2025 
     308,737  
    $10.80  
     5.8  
    $- 

As
of June 30, 2025, the Company had unrecognized stock-based compensation expense for the stock options in the 2013 BA Plan of approximately
$4.1 million, which is expected to be expensed over the weighted average remaining service period of 1.7 years.

For
the three months ended June 30, 2025, the weighted average fair value of options granted, adjusted for the 2025 Reverse Stock Split, was $3.23 per share.