Company: XAIR
Filing Date: 2025-06-20
Form Type: 10-K
Source: 0001641172-25-015750
Chunk: 1411

Company: Beyond Air, Inc.
Filing Date: 2025-06-20
Form: 10-K
Item: Item 3
Chunk 1411
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2,252  
     23,090 

    Total cash, cash equivalents, marketable securities and restricted cash 
    $7,148  
    $34,698 

The following table summarizes the Company’s
short-term marketable securities with unrealized gains and losses as of March 31, 2025 aggregated by major security type:

 SUMMARY OF SHORT-TERM MARKETABLE SECURITIES WITH UNREALIZED GAINS AND LOSSES

    (in thousands)
     
    Fair Value

    Unrealized
    Gains and
    (Losses)

    Mutual fund (Ultra-Short-Term Income)
     
    $
    2,252

    $
    39

    Total short-term marketable securities
     
    $
    2,252

    $
    39

The following table summarizes our short-term marketable
securities with unrealized gains and losses as of March 31, 2024 aggregated by major security type:

    (in thousands) 
    Fair Value  
    Unrealized Gains and (Losses) 
  
    US government securities 
    $16,388  
    $117 
  
    Mutual fund (Ultra-Short-Term Income) 
     6,702  
     6 
  
    Total short-term marketable securities 
    $23,090  
    $123 

All marketable securities are A- or higher rated.
No marketable securities have maturities greater than 12 months. All investments are level 1 investments.

    F-15

BEYOND AIR, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 2 SIGNIFICANT ACCOUNTING POLICIES AND OTHER
RISKS AND UNCERTAINTIES (continued)

Fixed Assets

Property and equipment are stated at cost less accumulated
depreciation and accumulated amortization. Depreciation and amortization are calculated using the straight-line method over the estimated
useful life of the assets as follows:

 SCHEDULE OF PROPERTY AND EQUIPMENT USEFUL LIFE OF ASSETS

    Computer equipment 
    Three years
  
    Furniture and fixtures 
    Five years
  
    Clinical and medical equipment 
    Three3/Five
    years
  
    Equipment deployable as part of a service offering
    Five years
  
    Leasehold improvements 
    Shorter of term of lease or estimated useful life of the asset

Segment Reporting