$XAIR
Beyond Air, Inc.
CIK:0001641631|SEC Filings
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands |
3 Months Ended | 12 Months Ended | |
|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Mar. 31, 2026 |
|
| Cash flows from operating activities | |||
| Net loss | $ (8,154) | $ (8,078) | |
| Adjustments to reconcile net loss to net cash used in operating activities | |||
| Depreciation | 746 | 754 | |
| Amortization of licensed right to use technology | 51 | 51 | |
| Stock-based compensation | 1,036 | 1,577 | |
| Amortization of debt discount and accretion of debt issuance costs | 431 | 54 | |
| Change in fair value of warrant liability | (1) | (17) | |
| Amortization of operating lease assets | 123 | 121 | |
| Paid in kind interest | 484 | 389 | |
| Provision for inventory losses | 22 | 104 | |
| Provision for bad debt | 91 | ||
| Foreign currency adjustments | 3 | (128) | |
| Loss on extinguishment of debt | 153 | ||
| Loss on disposal of fixed assets | 52 | 11 | |
| Unrealized (gain)/loss on marketable securities | 2 | (9) | |
| Changes in: | |||
| Inventory | 196 | 188 | |
| Accounts receivable | (145) | (94) | |
| Other current assets and prepaid expenses | (196) | 617 | |
| Accounts payable | (321) | (708) | |
| Accrued expenses | 625 | 691 | |
| Operating lease liabilities | (144) | (49) | |
| Net cash used in operating activities | (4,946) | (4,526) | |
| Cash flows from investing activities | |||
| Purchase of marketable securities | (40) | (3) | |
| Proceeds from sale of marketable securities | 637 | 777 | |
| Security deposits from leases | 72 | ||
| Purchase of property and equipment | (208) | (198) | |
| Net cash provided by investing activities | 461 | 576 | |
| Cash flows from financing activities | |||
| Proceeds from issuance of common stock through at the market offerings | 2,441 | ||
| Proceeds from NeuroNos investment | 3,228 | ||
| Proceeds from long term loan | 2,000 | ||
| Payment of loans | (170) | (375) | |
| Net cash provided by financing activities | 3,058 | 4,066 | |
| Effect of exchange rate changes on cash and cash equivalents | (21) | 127 | |
| Increase/(decrease) in cash, cash equivalents and restricted cash | (1,448) | 243 | |
| Cash, cash equivalents and restricted cash at beginning of period | 12,362 | 4,896 | $ 4,896 |
| Cash, cash equivalents and restricted cash at end of period | 10,914 | 5,139 | $ 12,362 |
| Supplemental disclosure of non-cash investing and financing activities | |||
| Conversion of debt principal balance to equity | 500 | ||
| Fixed assets included in accounts payable and accrued expenses | 361 | ||
| Supplemental disclosure of cash flow items: | |||
| Interest paid | 116 | 96 | |
| Income taxes paid | |||
Condensed Consolidated Balance Sheets - USD ($) $ in Thousands |
Jun. 30, 2026 |
Mar. 31, 2026 |
||
|---|---|---|---|---|
| Current assets | ||||
| Cash and cash equivalents | $ 5,509 | $ 6,740 | ||
| Marketable securities | 4,303 | 4,901 | ||
| Restricted cash | 5,405 | 5,622 | ||
| Accounts receivable, net | 1,140 | 1,086 | ||
| Inventory, net | 1,292 | 1,406 | ||
| Other current assets and prepaid expenses | 5,200 | 5,012 | ||
| Total current assets | 22,849 | 24,767 | ||
| Licensed right to use technology | 966 | 1,018 | ||
| Right-of-use lease assets | 1,066 | 1,193 | ||
| Property and equipment, net | 7,916 | 8,249 | ||
| Other assets | 94 | 158 | ||
| TOTAL ASSETS | 32,891 | 35,385 | ||
| Current liabilities | ||||
| Accounts payable | 2,455 | 2,417 | ||
| Accrued expenses and other current liabilities | 3,998 | 3,372 | ||
| Operating lease liability, current portion | 223 | 321 | ||
| Loans payable, current portion | 231 | 401 | ||
| Total current liabilities | 6,907 | 6,511 | ||
| Operating lease liability, net | 977 | 1,023 | ||
| Long-term debt, net | 22,167 | 21,639 | ||
| Warrant liability | 1 | 2 | ||
| Total liabilities | 30,052 | 29,175 | ||
| 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, 743,418 and 589,639 shares issued and outstanding as of June 30, 2026 and March 31, 2026, respectively | [1] | |||
| Treasury stock | (25) | (25) | ||
| Additional paid-in capital | 329,415 | 325,588 | ||
| Accumulated deficit | (327,506) | (319,571) | ||
| Accumulated other comprehensive income | 113 | 134 | ||
| Total stockholders’ equity attributable to Beyond Air, Inc | 1,997 | 6,126 | ||
| Non-controlling interest | 842 | 84 | ||
| Total stockholders’ equity | 2,839 | 6,210 | ||
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $ 32,891 | $ 35,385 | ||
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