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

Company: Beyond Air, Inc.
Filing Date: 2025-06-20
Form: 10-K
Item: Item 12
Chunk 25
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 $0.0001 par value per share: 500,000,000 shares authorized, 82,570,726 and 45,900,821 shares issued and outstanding as of March 31, 2025 and 2024, respectively 
     8  
     5 
  
    Treasury stock 
     (25) 
     (25)
  
    Additional paid-in capital 
     299,982  
     264,780 
  
    Accumulated deficit 
     (286,322) 
     (239,697)
  
    Accumulated other comprehensive loss 
     (60) 
     (15)
  
    Total stockholders’ equity attributable to Beyond Air, Inc. 
     13,583  
     25,048 
  
    Non-controlling interest 
     758  
     2,138 
  
    Total equity 
     14,341  
     27,186 
  
    TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 
    $30,062  
    $56,961 

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

F-4

BEYOND
AIR, INC. AND SUBSIDIARIES

CONSOLIDATED
STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

(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