Company: XAIR
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0001493152-25-005678
Chunk: 21

Company: Beyond Air, Inc.
Filing Date: 2025-02-10
Form: 10-Q
Item: Part I, Item 1
Chunk 21
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 their respective fair values because of the short-term nature
of these accounts. The carrying value of the Company’s long-term debt approximates fair value based on current interest rates for
similar types of borrowings and is in Level 3 of the fair value hierarchy. The liability classified warrants and derivative liabilities
are each recorded at their fair value and are Level 3 of the fair value hierarchy.

     12 

BEYOND
AIR, INC. AND SUBSIDIARIES

NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

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

The
following table presents, for each of the fair value hierarchy levels required under ASC 820, the Company’s assets and liabilities
that are measured at fair value on a recurring basis:

The
fair value amounts as of December 31, 2024 are:

  SCHEDULE
OF FAIR VALUE ON A RECURRING BASIS

    (in thousands) 
    Total  
    Level 1  
    Level 2  
    Level 3 

    Marketable securities: 

    Corporate debt securities 
    $-  
    $-  
    $-  
    $- 
  
    Government securities 
     -  
     -  
     -  
     - 
  
    Mutual funds 
     6,349  
     6,349  
     -  
     - 
  
    Total assets measured and recorded at fair value 
    $6,349  
    $6,349  
    $-  
    $- 

    Liabilities: 

    Warrant liability 
    $56  
    $-  
    $-  
    $56 
  
    Derivative liability 
     -  
     -  
     -  
     - 
  
    Total liabilities measured and recorded at fair value 
    $56  
    $-  
    $-  
    $56 

The
fair value amounts as of March 31, 2024 are:

    (in thousands) 
    Total  
    Level 1  
    Level 2  
    Level 3 

    Marketable securities: 

    Corporate debt securities 
    $-  
    $-