v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Mar. 31, 2025
Current assets    
Cash and cash equivalents $ 6,740 $ 4,665
Marketable securities 4,901 2,252
Restricted cash 5,622 231
Accounts receivable, net 1,086 710
Inventory, net 1,406 2,417
Other current assets and prepaid expenses 5,012 5,743
Total current assets 24,767 16,018
Licensed right to use technology 1,018 1,222
Right-of-use lease assets 1,193 1,706
Property and equipment, net 8,249 11,013
Other assets 158 103
TOTAL ASSETS 35,385 30,062
Current liabilities    
Accounts payable 2,417 1,950
Accrued expenses and other current liabilities 3,372 2,045
Operating lease liabilities, current portion 321 396
Loans payable, current portion 401 609
Total current liabilities 6,511 5,000
Operating lease liabilities, net 1,023 1,486
Long-term debt, net 21,639 9,197
Warrant liability 2 38
Total liabilities 29,175 15,721
Commitments and contingencies (Note 12)
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, 11,792,684 and 4,128,539 shares issued and outstanding as of March 31, 2026 and 2025, respectively [1] 1
Treasury stock (25) (25)
Additional paid-in capital 325,587 299,990
Accumulated deficit (319,571) (286,322)
Accumulated other comprehensive income/(loss) 134 (60)
Total stockholders’ equity attributable to Beyond Air, Inc. 6,126 13,583
Non-controlling interest 84 758
Total stockholders’ equity 6,210 14,341
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 35,385 $ 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.