Company: XAIR
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001493152-25-021561
Chunk: 1

Company: Beyond Air, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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    Total current liabilities 
     4,383  
     5,000 

    Operating lease liabilities, net 
     1,300  
     1,486 
  
    Long-term debt, net 
     10,085  
     9,197 
  
    Warrant liability 
     21  
     38 
  
    Other long-term liabilities 
     2,081  
     - 
  
    Total liabilities 
     17,870  
     15,721 

    Stockholders’ equity 

    Preferred Stock, $0.0001 par value per share:
    10,000,000 shares authorized, 0 shares issued and outstanding 
     -  
     - 
  
    Common
    Stock, $0.0001 par
    value per share: 500,000,000
    shares authorized, 8,009,488
    and 4,128,539
    shares issued and outstanding as of September 30, 2025 and March 31, 2025,
    respectively (1) 
     1  
     - 
  
    Treasury stock 
     (25) 
     (25)
  
    Additional paid-in capital 
     314,625  
     299,990 
  
    Accumulated deficit 
     (301,953) 
     (286,322)
  
    Accumulated
    other comprehensive income (loss) 
     85  
     (60)
  
    Total
    stockholders’ equity attributable to Beyond Air, Inc 
     12,733  
     13,583 
  
    Non-controlling
    interest 
     362  
     758 
  
    Total
    stockholders’ equity 
     13,095  
     14,341 
  
    TOTAL
    LIABILITIES AND STOCKHOLDERS’ EQUITY 
    $30,965  
    $30,062 

    (1)
    Prior
    period results have been adjusted to reflect the one-for-twenty stock split in July 2025. See Note 1, Organization and Business
    for details.

The
accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

4

BEYOND
AIR, INC. AND SUBSIDIARIES

CONDENSED
CONSOLIDATED