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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Mar. 31, 2025
Current assets    
Cash and cash equivalents $ 4,976 $ 4,665
Marketable securities 1,487 2,252
Restricted cash 163 231
Accounts receivable, net 804 710
Inventory, net 2,433 2,417
Other current assets and prepaid expenses 5,126 5,743
Total current assets 14,989 16,018
Licensed right to use technology 1,171 1,222
Right-of-use lease assets 1,654 1,706
Property and equipment, net 10,188 11,013
Other assets 112 103
TOTAL ASSETS 28,114 30,062
Current liabilities    
Accounts payable 1,242 1,950
Accrued expenses and other current liabilities 2,737 2,045
Operating lease liability, current portion 414 396
Loans payable, current portion 233 609
Total current liabilities 4,626 5,000
Operating lease liability, net 1,419 1,486
Long-term debt, net 9,621 9,197
Warrant liability 21 38
Other long-term liabilities 2,019
Total liabilities 17,706 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, 4,693,284 and 4,128,539 shares issued and outstanding as of June 30, 2025 and March 31, 2025, respectively [1]
Treasury stock (25) (25)
Additional paid-in capital 303,898 299,990
Accumulated deficit (294,013) (286,322)
Accumulated other comprehensive income (loss) 67 (60)
Total stockholders’ equity attributable to Beyond Air, Inc 9,927 13,583
Non-controlling interest 481 758
Total stockholders’ equity 10,408 14,341
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 28,114 $ 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.