Beyond Air Inc
For the period ended Mar 31, 2024. Filed Jun 24, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Jun 24, 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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Item 8. Consolidated Statements of Cash Flows
| For The Year Ended March 31, 2024 · For The Year Ended March 31, 2023 | ||||
|---|---|---|---|---|
| Cash flows from operating activities | ||||
| Net loss | $(64,295) | $(59,401) | ||
| Adjustments to reconcile net loss used in provided by operating activities | ||||
| Depreciation | 1,775 | 634 | ||
| Stock-based compensation | 21,337 | 19,558 | ||
| Amortization of debt discount and accretion of debt issuance costs | 1,150 | - | ||
| Amortization of licensed right to use technology | 205 | 205 | ||
| Amortization of operating lease assets | 372 | 331 | ||
| Change in fair value of warrant liability | (611) | - | ||
| Change in fair value of derivative liability | (48) | - | ||
| Unrealized (gain)/loss on marketable securities | 123 | (12) | ||
| Disposal of clinical and medical equipment | 15 | 235 | ||
| Provision for inventory losses | - | 49 | ||
| Changes in: | ||||
| Grant receivable | 420 | (98) | ||
| Inventory | (998) | (781) | ||
| Accounts receivable | (319) | - | ||
| Other current assets and prepaid expenses | (1,583) | 918 | ||
| Accounts payable | (467) | 838 | ||
| Accrued expenses | (12,710) | 4,791 | ||
| Operating lease liabilities | (381) | (275) | ||
| Net cash used in operating activities | (56,014) | (33,009) | ||
| Cash flows from investing activities | ||||
| Purchase of marketable securities | (128,770) | (35,656) | ||
| Proceeds from sale of marketable securities | 122,280 | 18,945 | ||
| Security deposits made on operating leases | - | 1 | ||
| Purchase of property and equipment | (5,745) | (3,877) | ||
| Net cash used in investing activities | (12,235) | (20,587) | ||
| Cash flows from financing activities | ||||
| Proceeds from issuance of common stock through at the market offerings | 13,376 | 3,705 | ||
| Proceeds from issuance of common stock through exercise of options | 217 | - | ||
| Proceeds from issuance of common stock in connection with a purchase agreement | 14,591 | - | ||
| Proceeds from loan | 15,818 | - | ||
| Payment of loan | (835) | (1,009) | ||
| Net cash provided by financing activities | 43,167 | 2,696 | ||
| Effect of exchange rate changes on cash and cash equivalents | (77) | (43) | ||
| Decrease in cash, cash equivalents and restricted cash | (25,160) | (50,944) | ||
| Cash, cash equivalents and restricted cash at beginning of year | 36,768 | 87,711 | ||
| Cash, cash equivalents and restricted cash at end of year | $11,608 | $36,768 | ||
| 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) | $ | - | |
| Short term finance liability | $740 | $ | - | |
| Right-of-use lease assets | $ | - | $609 | |
| Operating lease liability | $ | - | $609 | |
| Fixed assets recorded in Accounts payable and accrued expenses | $404 | $ | - | |
| Interest paid | $1,759 | $36 | ||
| Income taxes paid | $ | - | $ | - |
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