Beyond Air Inc
For the period ended Jun 30, 2024. Filed Aug 6, 2024.
View on SEC.govAbout this filing
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.
Jun 30, 2024 · Filed Aug 6, 2024
XAIR$2.52+10.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
(amounts in thousands)
| For the Three Months Ended | ||||
|---|---|---|---|---|
| June 30, | ||||
| 2024 · 2023 | ||||
| Cash flows from operating activities | ||||
| Net loss | $(13,055) | $(15,055) | ||
| Adjustments to reconcile net loss to net cash used in operating activities | ||||
| Depreciation and amortization | 685 | 309 | ||
| Amortization of licensed right to use technology | 51 | 52 | ||
| Stock-based compensation | 3,379 | 6,115 | ||
| Amortization of debt discount | 409 | 57 | ||
| Change in fair value of warrant liability | (219) | (324) | ||
| Change in fair value of derivative liability | (1,058) | (512) | ||
| Amortization of operating lease assets | 94 | 90 | ||
| Un-realized gain in marketable securities | 90 | (75) | ||
| Foreign currency adjustments | - | (8) | ||
| Changes in: | ||||
| Grant receivable | - | (5) | ||
| Inventory | (338) | (209) | ||
| Accounts receivable | (156) | (44) | ||
| Other current assets and prepaid expenses | 391 | 74 | ||
| Accounts payable | 491 | (306) | ||
| Accrued expenses | (848) | (7,228) | ||
| Operating lease liabilities | (97) | (84) | ||
| Net cash used in operating activities | $(10,180) | $(17,153) | ||
| Cash flows from investing activities | ||||
| Purchase of marketable securities | (14,574) | (9,744) | ||
| Proceeds from sale of marketable securities | 20,361 | 886 | ||
| Purchase of property and equipment | (2,673) | (795) | ||
| Net cash provided by and (used in) investing activities | $3,114 | $(9,653) | ||
| Cash flows from financing activities | ||||
| Proceeds from issuance of common stock through at the market offerings | - | 5,814 | ||
| Proceeds from issuance of common stock through exercise of stock options | - | 217 | ||
| Proceeds from loan | - | 15,817 | ||
| Payment of loan | (264) | (280) | ||
| Net cash (used in) and provided by financing activities | $(264) | $21,567 | ||
| Effect of exchange rate changes on cash and cash equivalents | 111 | 40 | ||
| Decrease in cash, cash equivalents and restricted cash | $(7,218) | $(5,199) | ||
| Cash, cash equivalents and restricted cash at beginning of period | 11,608 | 36,768 | ||
| Cash, cash equivalents and restricted cash at end of period | $4,390 | $31,569 | ||
| Supplemental disclosure of non-cash investing and financing activities | ||||
| Debt discount | $621 | $4,541 | ||
| End of term loan liability | $(438) | $(613) | ||
| Warrant liability | $ | - | $(885) | |
| Derivative liability | $ | - | $(1,361) | |
| Fixed assets recorded in accounts payable and accrued assets | $749 | $ | - | |
| Supplemental disclosure of cash flow items: | ||||
| Interest paid | $556 | $289 | ||
| Income taxes paid | $ | - | $ | - |
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