Company: XAIR
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0001493152-25-005678
Chunk: 23

Company: Beyond Air, Inc.
Filing Date: 2025-02-10
Form: 10-Q
Item: Part I, Item 1
Chunk 23
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atility 
     88% 
     86%
  
    Risk-free rate 
     4.09% 
     4.38%

The
bifurcated derivative liability was revalued to zero at September 30, 2024 as the conversion feature has a 30% premium to the latest
price per round and was known/knowable at September 30, 2024 to not be exercised by the Lenders by October 4, 2024 due to the conversion
price exceeding the fair market value of the underlying securities.

     13 

BEYOND
AIR, INC. AND SUBSIDIARIES

NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

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

The
table presented below is a summary of changes in the fair value of the Company’s Level 3 valuation for the warrants and derivatives
for the nine months ended December 31, 2024 (in thousands):

 SCHEDULE
OF CHANGES IN FAIR VALUE OF WARRANTS AND DERIVATIVES

    Warrants  
    Derivative 
  
    Balance at March 31, 2024 
    $275  
    $1,314 
  
    Issuances 
     -  
     - 
  
    Change in fair value 
     (219) 
     (1,314)
  
    Balance at December 31, 2024 
    $56  
    $- 

The
table presented below is a summary of changes in the fair value of the Company’s Level 3 valuation for the warrants and derivatives
for the nine months ended December 31, 2023 (in thousands):

    Warrants  
    Derivative 
  
    Issuances 
    $885  
    $1,361 
  
    Change in fair value 
     (693) 
     (1,147)
  
    Balance at December 31, 2023 
    $192  
    $214 

Cash
and Cash Equivalents, Short-Term Investments and Restricted Cash

The
Company considers all highly liquid investments with original maturities of three months or less at the date of purchase and an investment
in a U.S. government money market fund to be cash equivalents. The Company maintains its cash and cash equivalents