Company: XAIR
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001493152-25-021561
Chunk: 0

Company: Beyond Air, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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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
    – 23

3

BEYOND
AIR, INC. AND SUBSIDIARIES

CONDENSED
CONSOLIDATED BALANCE SHEETS

(in
thousands, except share data)

    September
    30, 2025  
    March
    31, 2025 

     (Unaudited)  

    ASSETS 

    Current assets 

    Cash and cash
    equivalents 
    $9,699  
    $4,665 
  
    Marketable securities 
     996  
     2,252 
  
    Restricted cash 
     163  
     231 
  
    Accounts receivable, net 
     892  
     710 
  
    Inventory, net 
     2,229  
     2,417 
  
    Other
    current assets and prepaid expenses 
     4,607  
     5,743 
  
    Total current assets 
     18,586  
     16,018 

    Licensed right to use technology 
     1,120  
     1,222 
  
    Right-of-use lease assets 
     1,561  
     1,706 
  
    Property and equipment,
    net 
     9,392  
     11,013 
  
    Other
    assets 
     306  
     103 
  
    TOTAL ASSETS 
    $30,965  
    $30,062 

    LIABILITIES AND STOCKHOLDERS’ EQUITY 

    Current liabilities 

    Accounts payable 
    $1,915  
    $1,950 
  
    Accrued expenses and other
    current liabilities 
     2,055  
     2,045 
  
    Operating lease liabilities,
    current portion 
     413  
     396 
  
    Loans
    payable, current portion 
     -  
     609