Beyond Air Inc
For the period ended Dec 31, 2023. Filed Feb 12, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2023 · Filed Feb 12, 2024
XAIR$2.52+10.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
(amounts in thousands)
| For the Nine Months Ended | ||||
|---|---|---|---|---|
| December 31, | ||||
| 2023 · 2022 | ||||
| Cash flows from operating activities | ||||
| Net loss | $(49,739) | $(38,250) | ||
| Adjustments to reconcile net loss to net cash used in operating activities | ||||
| Depreciation and amortization | 1,185 | 439 | ||
| Amortization of licensed right to use technology | 154 | 154 | ||
| Stock-based compensation | 19,010 | 15,204 | ||
| Amortization of debt discount and accretion of debt issuance costs | 779 | - | ||
| Change in fair value of warrant liability | (693) | - | ||
| Change in fair value of derivative liability | (1,147) | - | ||
| Amortization of operating lease assets | 276 | 237 | ||
| Foreign currency adjustments | (13) | 144 | ||
| Write-off of assets no longer used | - | 235 | ||
| Unrealized gain/(loss) in marketable securities | 99 | (38) | ||
| Provision for inventory losses | - | 49 | ||
| Changes in: | ||||
| Grant receivable | 420 | (33) | ||
| Inventory | (404) | (607) | ||
| Accounts receivable | (294) | - | ||
| Other current assets and prepaid expenses | (1,749) | 491 | ||
| Accounts payable | 340 | (338) | ||
| Accrued expenses | (13,237) | (2,256) | ||
| Operating lease liability | (276) | - | ||
| Net cash used in operating activities | $(45,289) | $(24,569) | ||
| Cash flows from investing activities | ||||
| Purchase of marketable securities | (74,470) | (32,777) | ||
| Proceeds from sale of marketable securities | 67,716 | 5,188 | ||
| Security deposits made on operating leases | - | (4) | ||
| Purchase of property and equipment | (3,814) | (1,855) | ||
| Net cash used in investing activities | $(10,568) | $(29,447) | ||
| Cash flows from financing activities | ||||
| Proceeds from issuance of common stock through at the market offerings | 11,973 | 214 | ||
| Proceeds from issuance of common stock through exercise of stock options | 217 | - | ||
| Proceeds from loan | 15,818 | - | ||
| Payment of loan | (735) | (927) | ||
| Net cash provided by and (used in) financing activities | $27,274 | $(713) | ||
| Effect of exchange rate changes on cash and cash equivalents | 18 | 63 | ||
| Decrease in cash, cash equivalents and restricted cash | $(28,565) | $(54,667) | ||
| Cash, cash equivalents and restricted cash at beginning of period | 36,768 | 87,711 | ||
| Cash, cash equivalents and restricted cash at end of period | $8,202 | $33,044 | ||
| Supplemental disclosure of non-cash investing and financing activities | ||||
| Debt discount | $4,541 | $ | - | |
| End of term loan liability | $(613) | $ | - | |
| Warrant liability | $(885) | $ | - | |
| Derivative liability | $(1,361) | $ | - | |
| Right-of-use assets | $ | - | $466 | |
| Operating lease liability | $ | - | $466 | |
| Fixed Assets included in Accounts Payable and accrued expenses | $927 | $ | - | |
| Supplemental disclosure of cash flow items: | ||||
| Interest paid | $1,195 | $25 | ||
| Income taxes paid | $ | - | $87 | |
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