Company: XAIR
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0001493152-25-005678
Chunk: 0

Company: Beyond Air, Inc.
Filing Date: 2025-02-10
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–
    26

 3 

BEYOND
AIR, INC. AND SUBSIDIARIES

CONDENSED
CONSOLIDATED BALANCE SHEETS

(amounts
in thousands, except share and per share data)

    December 31, 2024  
    March 31, 2024 

    (Unaudited)  

    ASSETS 

    Current assets 

    Cash and cash equivalents 
    $4,601  
    $11,378 
  
    Marketable securities 
     6,349  
     23,090 
  
    Restricted cash 
     232  
     230 
  
    Accounts receivable, net 
     639  
     319 
  
    Inventory, net 
     2,379  
     2,127 
  
    Other current assets and prepaid expenses 
     5,144  
     6,792 
  
    Total current assets 
     19,344  
     43,936 
  
    Licensed right to use technology 
     1,274  
     1,427 
  
    Right-of-use lease assets 
     1,775  
     2,121 
  
    Property and equipment, net 
     11,652  
     9,364 
  
    Other assets 
     100  
     113 
  
    TOTAL ASSETS 
    $34,144  
    $56,961 

    LIABILITIES AND STOCKHOLDERS’ EQUITY 

    Current liabilities 

    Accounts payable 
    $2,357  
    $1,948 
  
    Accrued expenses and other current liabilities 
     2,631  
     8,402 
  
    Operating lease liability, current portion 
     381  
     418 
  
    Loans payable, current portion 
     60  
     800 
  
    Total current liabilities