Beyond Air, Inc(NASDAQ:XAIR)

Beyond Air, Inc., a clinical-stage medical device and biopharmaceutical company, develops inhaled nitric oxide (NO) to treat respiratory infections, and gaseous NO to treat solid tumors. The company is developing LungFit system, a NO generator and delivery system, which is in clinical trials for the...
Website: http://www.beyondair.net
Founded: 2011
Full Time Employees: 23
CEO: Steven A. Lisi
Sector: Healthcare
Industry: Medical Devices
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At a glance:
- Early-Stage MedTech Profile with Commercialization Focus: Beyond Air, Inc. operates as an early-stage medical device company focused on bringing its nitric oxide–based respiratory therapies toward broader clinical and commercial adoption.
- Primary Value Driver: Adoption and Utilization Growth: Near-term performance is typically driven by hospital/clinic uptake, expanding site count, and increasing utilization per site as clinicians gain familiarity and protocols mature.
- Financials Often Characterized by Operating Losses and Cash Burn: As a developing commercial-stage company, results commonly include ongoing net losses and negative operating cash flow, with investors tracking the pace of burn, gross margin progression, and operating expense discipline.
- Catalysts Centered on Regulatory, Clinical, and Commercial Milestones: Key upside or downside inflections frequently come from regulatory clearances/approvals, clinical data readouts, reimbursement coverage progress, and distribution/partnership expansion.
- Balance Sheet and Funding Needs Are a Central Investor Watch Item: Liquidity runway, access to capital (equity or debt), and any potential dilution are often central considerations given the company’s investment phase and the need to fund commercial scale-up.
Bull Thesis:
- Differentiated Technology Driving Market Adoption: Beyond Air's LungFit PH system offers a unique on-demand nitric oxide generation, eliminating bulky cylinders and potentially reducing operational costs for hospitals. Early commercial traction and positive feedback could accelerate adoption in the neonatal hypoxic respiratory failure market, displacing traditional methods.
- Significant Pipeline for Market Expansion: Beyond Air is actively pursuing additional indications for its nitric oxide delivery platform, including bronchiolitis, non-tuberculous mycobacteria (NTM), and potentially other respiratory conditions. Successful clinical trials and regulatory approvals in these areas would dramatically expand the total addressable market beyond its initial neonatal indication.
- Operational Efficiencies and Cost Savings for Hospitals: The LungFit PH system's ability to generate nitric oxide from ambient air can lead to substantial operational efficiencies for hospitals, including reduced logistics, storage requirements, and waste associated with traditional gas cylinders. These long-term cost savings and simplified operations could be a strong driver for widespread adoption.
Bear Thesis:
- Persistent Cash Burn and Future Dilution Risk: As an early-stage commercial company, Beyond Air continues to incur significant operating expenses related to R&D, sales, and marketing. The company's negative free cash flow trajectory suggests a continued need for external funding, potentially leading to further equity dilution for existing shareholders to sustain operations.
- Slower-than-Expected Commercial Ramp-Up: Despite the innovative technology, hospital adoption of new medical devices can be a lengthy process due to budget cycles, clinical evaluations, and established relationships with incumbent providers. A slower-than-anticipated commercial ramp-up for LungFit PH could impact revenue growth and profitability timelines, falling short of investor expectations.
- High Reliance on Future Pipeline Success: A significant portion of Beyond Air's long-term valuation may be predicated on the successful development and commercialization of its nitric oxide platform for indications beyond neonatal hypoxic respiratory failure. Any delays, failures, or unfavorable trial results in its pipeline programs (e.g., bronchiolitis, NTM) could severely impact future growth prospects and valuation.
- Competitive Landscape and Market Penetration Challenges: Beyond Air faces competition from established players in the nitric oxide delivery market, such as Mallinckrodt (INOmax), which have strong market presence and existing hospital relationships. Overcoming these entrenched competitors and achieving significant market penetration could prove challenging and costly, requiring substantial sales and marketing investment.
Main Competitors:
- Linde PLC ($LIN) (INOmax (nitric oxide for inhalation) and INOmax DSIR delivery system), Linde PLC is the dominant player in the inhaled nitric oxide market, particularly for Persistent Pulmonary Hypertension of the Newborn (PPHN), with its established INOmax product and tank-based delivery system. Beyond Air's LungFit NO system aims to compete by offering a tankless, on-demand nitric oxide generation and delivery solution, potentially disrupting Linde's market share.
- Insmed Incorporated ($INSM) (Arikayce (amikacin liposome inhalation suspension)), Insmed has an approved inhaled antibiotic, Arikayce, for refractory Mycobacterium avium complex (MAC) lung disease, a form of non-tuberculous mycobacteria (NTM) lung disease. This directly competes with Beyond Air's inhaled nitric oxide program, which is in clinical trials for NTM lung infections, aiming to offer an alternative or complementary treatment.
- Bellerophon Therapeutics, Inc. ($BLPH) (INOpulse (pulsatile inhaled nitric oxide delivery system)), Bellerophon is developing a pulsatile inhaled nitric oxide delivery system (INOpulse) for various forms of pulmonary hypertension (e.g., PH-ILD, PH-COPD). While their primary indications differ from Beyond Air's PPHN focus, they represent another company innovating in the inhaled nitric oxide space, potentially competing for market share and technological advancements in the broader iNO therapeutic area.
Moat:
Beyond Air's primary competitive advantage (moat) lies in its proprietary LungFit NO system, which offers a tankless, on-demand generation and delivery of nitric oxide. This innovative technology, protected by intellectual property, aims to provide significant logistical, safety, and cost benefits over traditional tank-based systems like Linde's INOmax, potentially disrupting the existing inhaled nitric oxide market. However, Beyond Air faces substantial competition from established market leaders such as Linde PLC, which dominates the PPHN market with INOmax, and Insmed Incorporated, which has an approved inhaled therapy (Arikayce) for NTM lung disease, a key pipeline indication for Beyond Air. Additionally, other companies like Bellerophon Therapeutics are also innovating in the broader inhaled nitric oxide space. Beyond Air's success hinges on demonstrating superior clinical outcomes, achieving regulatory approvals, and effectively penetrating markets dominated by entrenched competitors with existing infrastructure and physician familiarity.
Income Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2017-12-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenues | 1,907,000 | 2,194,000 | 1,818,000 | 1,760,000 | 1,152,000 | 1,072,000 | 798,000 | 683,000 | 59,000 | |||||||||||||||||||||||||||||
cost of revenues | 1,813,000 | 1,894,000 | 2,116,000 | -1,604,000 | -9,552,000 | 1,287,000 | 1,882,000 | -1,016,000 | 303,000 | |||||||||||||||||||||||||||||
gross profit | 94,000 | 300,000 | 156,000 | -61,750 | -68,000 | -179,000 | ||||||||||||||||||||||||||||||||
yoy | ||||||||||||||||||||||||||||||||||||||
qoq | -68.67% | -9.19% | -62.01% | |||||||||||||||||||||||||||||||||||
gross margin % | Infinity% | Infinity% | NaN% | Infinity% | NaN% | NaN% | NaN% | NaN% | 0% | 0% | 0% | NaN% | -Infinity% | -Infinity% | -Infinity% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | |
operating expenses: | ||||||||||||||||||||||||||||||||||||||
research and development | 2,276,000 | 2,429,000 | -2,450,000 | -3,086,000 | -3,258,000 | -3,005,000 | -4,585,000 | -6,009,000 | -5,699,000 | -6,838,000 | -7,130,000 | -4,695,000 | -29,489,000 | 5,000,000 | 4,452,000 | 3,226,000 | -19,893,000 | 2,543,000 | 2,807,000 | 2,741,041 | -23,391,541 | 3,294,102 | 3,147,276 | 4,331,814 | -2,894,795 | -2,580,622 | -2,849,990 | 2,323,513 | -6,228,825 | 586,696 | ||||||||
selling, general and administrative | 4,988,000 | 4,467,000 | -4,913,000 | -4,687,000 | -3,884,000 | -7,732,000 | -7,163,000 | -7,239,000 | -10,936,000 | |||||||||||||||||||||||||||||
total operating expenses | 7,264,000 | 6,896,000 | -7,363,000 | -7,773,000 | -7,142,000 | -10,737,000 | -11,748,000 | -13,247,000 | ||||||||||||||||||||||||||||||
income from operations | -7,170,000 | -6,596,000 | -7,661,000 | -7,617,000 | -7,174,000 | -10,952,000 | -12,833,000 | -13,580,000 | -8,684 | -2,540 | -2,897 | |||||||||||||||||||||||||||
yoy | -0.06% | -39.77% | -40.30% | -43.91% | ||||||||||||||||||||||||||||||||||
qoq | 8.70% | -13.90% | 0.58% | 6.18% | -34.50% | -14.66% | -5.50% | -12.32% | ||||||||||||||||||||||||||||||
operating margin % | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | 0% | 0% | 0% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | -Infinity% | NaN% | -Infinity% | -Infinity% | |
other income: | ||||||||||||||||||||||||||||||||||||||
dividend/investment income | 114,000 | 102,000 | 59,000 | 68,000 | 126,000 | |||||||||||||||||||||||||||||||||
interest and finance expense | -1,240,000 | -1,088,000 | -639,000 | -548,000 | -580,000 | -549,000 | -927,000 | -964,000 | ||||||||||||||||||||||||||||||
change in fair value of warrant liability | -1,000 | 20,000 | -1,000 | 17,000 | 18,000 | 4,000 | -4,000 | 219,000 | -82,000 | 46,000 | 324,000 | 324,000 | ||||||||||||||||||||||||||
change in fair value of derivative liability | -1,878,000 | 483,000 | 256,000 | 1,058,000 | -1,099,000 | 135,000 | 500,000 | 512,000 | ||||||||||||||||||||||||||||||
foreign exchange gain | -22,250 | -30,000 | -18,000 | -6,500 | 46,000 | 74,000 | -146,000 | 8,000 | -27,000 | 286,000 | -217,000 | -177,000 | 500 | -8,000 | 9,859 | 117 | 6,147 | 1,275 | 34,048 | 1,765 | 1,724 | -72 | -1,246 | |||||||||||||||
loss on extinguishment of debt | 87,000 | -1,910,000 | -624,000 | |||||||||||||||||||||||||||||||||||
loss on disposal of fixed assets | -104,000 | -359,000 | -46,000 | -11,000 | -58,250 | -62,000 | -171,000 | |||||||||||||||||||||||||||||||
other income | 6,000 | -162,000 | 48,000 | 94,000 | -2,000 | -37,000 | 49,000 | -2,000 | -10,500 | 35,000 | -77,000 | 79,250 | 219,000 | 88,000 | 10,000 | -412,000 | ||||||||||||||||||||||
total other income | -3,198,000 | -1,034,000 | -597,000 | -461,000 | -890,000 | -2,381,000 | -1,196,000 | 525,000 | -1,921,000 | -294,000 | 109,000 | 820,000 | -779,500 | -476,000 | -2,490,000 | -115,881.25 | -153,278 | -165,110 | -447,088.25 | 342,346 | 171,520 | -2,302,219 | -3,571,443 | 3,361,820 | ||||||||||||||
income before income taxes | -10,368,000 | -7,630,000 | -8,258,000 | -8,078,000 | ||||||||||||||||||||||||||||||||||
provision for income taxes | ||||||||||||||||||||||||||||||||||||||
net income | -10,368,000 | -7,630,000 | -8,258,000 | -8,078,000 | -8,063,000 | -13,333,000 | -14,029,000 | -13,055,000 | -14,556,000 | -17,258,000 | -17,426,000 | -15,055,000 | -21,151,000 | -13,798,000 | -12,797,000 | -11,654,000 | -20,663,000 | -7,962,000 | -8,692,000 | -6,742,884 | -5,231,486 | -5,769,651 | -5,131,790 | -6,741,804 | -5,268,332 | -4,395,611 | -4,097,740 | -6,180,821 | -57,922 | 957,581 | 4,463,000 | 3,001,000 | -9,138 | -2,591 | -2,947 | |||
yoy | 28.59% | -42.77% | -41.14% | -38.12% | -44.61% | -22.74% | -19.49% | -13.28% | -31.18% | 25.08% | 36.17% | 29.18% | 2.36% | 73.30% | 47.23% | 72.83% | 294.97% | 38.00% | 69.38% | 0.02% | -0.70% | 31.26% | 25.23% | 9.08% | 8995.56% | -559.03% | -191.82% | -305.96% | -48940.01% | |||||||||
qoq | 35.88% | -7.60% | 2.23% | 0.19% | -39.53% | -4.96% | 7.46% | -10.31% | -15.66% | -0.96% | 15.75% | -28.82% | 53.29% | 7.82% | 9.81% | -43.60% | 159.52% | -8.40% | 28.91% | 28.89% | -9.33% | 12.43% | -23.88% | 27.97% | 19.85% | 7.27% | -33.70% | 10570.94% | -106.05% | -78.54% | 48.72% | -12.08% | ||||||
net income margin % | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -3097.02% | -4413.81% | -7291.21% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | Infinity% | Infinity% | Infinity% | NaN% | -Infinity% | NaN% | -Infinity% | -Infinity% | |
less: net loss attributable to non-controlling interest | -86,000 | -294,000 | -318,000 | -387,000 | ||||||||||||||||||||||||||||||||||
net loss attributable to beyond air, inc. | -10,282,000 | -7,336,000 | -7,940,000 | -7,691,000 | -8,034,000 | -13,032,000 | -13,358,000 | -12,201,000 | -13,707,000 | -16,220,000 | -16,220,000 | -20,167,000 | -12,747,000 | -11,968,000 | -10,934,000 | -5,793,500 | -7,739,000 | |||||||||||||||||||||
other comprehensive income, net of tax | ||||||||||||||||||||||||||||||||||||||
foreign currency translation adjustment | 24,000 | 25,000 | ||||||||||||||||||||||||||||||||||||
comprehensive loss attributable to beyond air, inc. | -10,258,000 | -7,311,000 | -7,922,000 | -7,564,000 | -8,042,000 | -13,093,000 | -13,438,000 | -12,098,000 | -13,756,000 | -16,229,000 | -16,255,000 | -14,070,000 | -20,369,000 | -12,931,000 | -11,797,000 | -10,762,000 | ||||||||||||||||||||||
net basic and diluted loss per share attributable to beyond air, inc. | -0.57 | -0.85 | -1.25 | -1.53 | -0.05 | -0.15 | -0.28 | -0.27 | -0.36 | -0.5 | -0.51 | -0.298 | -0.43 | -0.4 | -0.37 | -0.238 | -0.29 | |||||||||||||||||||||
weighted-average number of shares of common stock outstanding, basic and diluted | 8,616,860 | 6,356,573 | ||||||||||||||||||||||||||||||||||||
gross loss | -298,000 | -32,000 | -215,000 | -1,084,000 | -332,000 | -513,000 | -356,000 | -193,000 | -244,000 | |||||||||||||||||||||||||||||
foreign currency translation loss | 18,000 | -8,000 | -61,000 | -79,000 | ||||||||||||||||||||||||||||||||||
dividend and interest income | 28,000 | 361,000 | 1,000 | 660 | 378 | 878 | ||||||||||||||||||||||||||||||||
foreign exchange loss | -41,000 | -42,000 | -6,954 | -1,977 | ||||||||||||||||||||||||||||||||||
foreign currency translation gain | 127,000 | 103,000 | -49,000 | -9,000 | -35,000 | 25,000 | 171,000 | 172,000 | ||||||||||||||||||||||||||||||
weighted-average number of shares of common stock outstanding - basic and diluted | 5,014,923 | |||||||||||||||||||||||||||||||||||||
estimated liability for contingent loss | -152,250 | -11,000 | -400,000 | -198,000 | -62,000 | -248,000 | 307,000 | -2,330,000 | ||||||||||||||||||||||||||||||
net loss before income taxes | -10,104,000 | -13,333,000 | -14,029,000 | -13,055,000 | ||||||||||||||||||||||||||||||||||
less : net loss attributable to non-controlling interest | -456,250 | -300,000 | -671,000 | -854,000 | -801,000 | -1,038,000 | -960,000 | |||||||||||||||||||||||||||||||
weighted-average number of shares, outstanding, basic and diluted | 88,074,511 | 47,118,535 | 32,462,476 | 31,800,492 | 29,921,254 | 29,898,825 | ||||||||||||||||||||||||||||||||
dividend/interest income | 150,000 | |||||||||||||||||||||||||||||||||||||
weighted-average number of shares, outstanding basic and diluted | 45,900,821 | 29,888,004 | 26,822,302 | |||||||||||||||||||||||||||||||||||
revenue | 470,000 | 391,000 | 239,000 | |||||||||||||||||||||||||||||||||||
yoy | ||||||||||||||||||||||||||||||||||||||
qoq | 20.20% | 63.60% | ||||||||||||||||||||||||||||||||||||
cost of revenue | -3,949,000 | 748,000 | 432,000 | -802,000 | 68,000 | 179,000 | ||||||||||||||||||||||||||||||||
general and administrative | -6,422,000 | -9,768,000 | -10,211,000 | -59,838,000 | 8,941,000 | 7,990,000 | 8,214,000 | -30,596,000 | 4,943,000 | 3,395,000 | 3,850,265 | -17,602,431 | 2,471,065 | 2,169,011 | 2,494,014 | -2,163,975 | -2,471,714 | -2,064,872 | 2,182,558 | -11,125,787 | 1,817,543 | 8,684 | 2,540 | 2,897 | ||||||||||||||
operating expenses | -12,394,500 | -16,606,000 | -17,342,000 | -15,631,000 | 9,455,750 | 13,941,000 | 12,442,000 | 11,440,000 | 5,069,750 | 7,486,000 | 6,201,000 | 4,476,820.5 | 5,765,167 | 5,316,287 | -3,618,317.25 | -5,052,336 | -4,914,862 | |||||||||||||||||||||
operating income | -12,593,000 | -16,963,000 | -17,535,000 | -15,875,000 | -9,517,500 | -14,010,000 | -12,621,000 | -11,440,000 | -5,069,750 | -7,486,000 | -6,201,000 | -6,591,306 | -4,294,930 | -5,616,373 | -4,966,680 | -6,596,667 | -5,256,116 | -4,737,957 | -4,269,260 | -3,878,602 | 3,513,521 | -2,404,239 | 2,413,000 | 1,756,000 | ||||||||||||||
dividend/interest income and gains on marketable securities | 359,500 | 388,000 | 641,000 | |||||||||||||||||||||||||||||||||||
interest expense | -497,750 | -919,000 | -914,000 | -158,000 | -35,500 | -46,000 | -48,000 | -48,000 | -94,250 | -57,000 | -161,000 | -162,143 | -120,058.5 | -157,960 | -159,034 | -163,240 | ||||||||||||||||||||||
foreign exchange gain and loss | -750 | 31,000 | ||||||||||||||||||||||||||||||||||||
benefit from income taxes | ||||||||||||||||||||||||||||||||||||||
less : net loss attributable to non-controlling interests | -1,205,000 | -650,250 | -1,051,000 | -830,000 | -720,000 | -55,750 | -223,000 | |||||||||||||||||||||||||||||||
dividend / interest income and gains on marketable securities | 409,000 | |||||||||||||||||||||||||||||||||||||
net loss attributable to beyond air, inc. stockholders | -14,095,000 | |||||||||||||||||||||||||||||||||||||
net basic and diluted loss per share of common stock attributable to beyond air, inc. | -0.45 | |||||||||||||||||||||||||||||||||||||
net basic loss per share attributable to beyond air, inc. | -0.45 | |||||||||||||||||||||||||||||||||||||
net diluted loss per share attributable to beyond air, inc. | -0.45 | |||||||||||||||||||||||||||||||||||||
weighted average number of shares, outstanding basic and diluted | 31,382,986 | |||||||||||||||||||||||||||||||||||||
weighted average number of shares, outstanding basic | 31,382,986 | |||||||||||||||||||||||||||||||||||||
weighted average number of shares, outstanding diluted | 31,382,986 | |||||||||||||||||||||||||||||||||||||
total other expense | -45,000 | 211,000 | -177,000 | -215,000 | ||||||||||||||||||||||||||||||||||
foreign currency translation gain and loss | 39,750 | -184,000 | ||||||||||||||||||||||||||||||||||||
license revenues | 181,890.5 | 148,794 | 349,607 | 229,161 | 396,862.5 | 314,379 | 645,602 | 627,469 | ||||||||||||||||||||||||||||||
benefit for income taxes | ||||||||||||||||||||||||||||||||||||||
net basic and diluted loss per share | -0.36 | -0.258 | -0.33 | -0.3 | -0.365 | -0.43 | 0.53 | 0.36 | ||||||||||||||||||||||||||||||
weighted average number of shares of common stock used in computing basic and diluted net loss per share | 24,165,965 | 17,609,328 | 11,398,413 | |||||||||||||||||||||||||||||||||||
license revenue | ||||||||||||||||||||||||||||||||||||||
dividend income | 706 | 14,985 | 55,957 | 25,692 | 30,691 | 3,376 | 10,519 | 13,737 | ||||||||||||||||||||||||||||||
other | 1,843 | |||||||||||||||||||||||||||||||||||||
total other loss | -151,578 | -145,137 | ||||||||||||||||||||||||||||||||||||
net income per share | -0.31 | -0.4 | -0.67 | 0.11 | ||||||||||||||||||||||||||||||||||
weighted-average number of common shares outstanding – basic and diluted | 21,945,235 | 16,529,392 | 9,201,855 | |||||||||||||||||||||||||||||||||||
realized and unrealized gain from marketable securities | -462,406 | 314,889 | 142,806 | |||||||||||||||||||||||||||||||||||
other loss | -1,843 | |||||||||||||||||||||||||||||||||||||
deemed dividend from warrant modification | -522,478 | |||||||||||||||||||||||||||||||||||||
net loss attributed to common shareholders | -4,410,811.25 | -5,769,651 | -3,799,162.5 | -4,918,089 | ||||||||||||||||||||||||||||||||||
weighted-average number of shares of common stock used in computing basic and diluted net loss per share | 17,120,801 | 10,699,370 | 8,440,457 | 8,400,327 | ||||||||||||||||||||||||||||||||||
realized and unrealized loss on marketable equity securities | -2,307,319 | |||||||||||||||||||||||||||||||||||||
other expenses | ||||||||||||||||||||||||||||||||||||||
net basis and diluted loss per share | -0.38 | |||||||||||||||||||||||||||||||||||||
unrealized gain on marketable securities | 3,285.5 | 4,365 | ||||||||||||||||||||||||||||||||||||
total other comprehensive loss | -6,180,821 | |||||||||||||||||||||||||||||||||||||
change in fair value of warrant liabilities | 3,351,232 | |||||||||||||||||||||||||||||||||||||
other expense | -724.25 | -1,903 | ||||||||||||||||||||||||||||||||||||
total comprehensive income | -1,621,846.5 | 961,946 | ||||||||||||||||||||||||||||||||||||
net income (loss) per share – diluted | -0.193 | 0.11 | ||||||||||||||||||||||||||||||||||||
weighted average number of common shares outstanding - basic | 8,530,580 | |||||||||||||||||||||||||||||||||||||
weighted average number of common shares outstanding - diluted | 8,498,525 | 8,554,320 | ||||||||||||||||||||||||||||||||||||
research and development expenses | 648,000 | 1,063,000 | ||||||||||||||||||||||||||||||||||||
general and administrative expenses | 1,765,000 | 693,000 | ||||||||||||||||||||||||||||||||||||
financial expense | 2,050,000 | 1,245,000 | ||||||||||||||||||||||||||||||||||||
net unrealized gain on available-for-sale investments | 3,000 | 5,000 | ||||||||||||||||||||||||||||||||||||
total comprehensive loss | 4,460,000 | 2,996,000 | ||||||||||||||||||||||||||||||||||||
loss before taxes on income | 3,001,000 | |||||||||||||||||||||||||||||||||||||
taxes on income | ||||||||||||||||||||||||||||||||||||||
net revenue | ||||||||||||||||||||||||||||||||||||||
interest expense - related party | -454 | -51 | -50 | |||||||||||||||||||||||||||||||||||
net loss per common share | ||||||||||||||||||||||||||||||||||||||
basic and diluted | ||||||||||||||||||||||||||||||||||||||
weighted-average number of common shares | ||||||||||||||||||||||||||||||||||||||
basic and diluted | 103,200 | 10,320,000 | 10,320,000 | 10,320,000 | 10,320,000 | |||||||||||||||||||||||||||||||||
see notes to the financial statements |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||||||||
current assets | ||||||||||||||||||||||||||
cash and cash equivalents | 6,740,000 | 6,643,000 | 9,699,000 | 4,976,000 | 4,665,000 | 4,601,000 | 28,447,000 | 4,161,000 | 11,378,000 | 7,971,000 | 13,179,000 | 31,348,000 | 29,158,000 | 25,478,000 | 29,829,000 | 72,773,000 | 80,242,000 | 83,468,000 | 47,699,000 | 38,581,386 | 7,141,000 | 41 | 2,941 | 5,918 | 2,994 | 5,533 |
marketable securities | 4,901,000 | 5,018,000 | 996,000 | 1,487,000 | 2,252,000 | 6,349,000 | 17,213,000 | 23,090,000 | 23,292,000 | 25,463,000 | 25,644,000 | 16,724,000 | 27,641,000 | 32,617,000 | ||||||||||||
restricted cash | 5,622,000 | 6,187,000 | 163,000 | 163,000 | 231,000 | 232,000 | 230,000 | 229,000 | 230,000 | 231,000 | 5,231,000 | 2,740,000 | 10,129,000 | 10,085,000 | 10,106,000 | 9,989,000 | 9,988,000 | 9,239,000 | 1,047,000 | 1,046,606 | ||||||
accounts receivable | 1,086,000 | 1,151,000 | 892,000 | 804,000 | 710,000 | 639,000 | 556,000 | 475,000 | 319,000 | 294,000 | 205,000 | 44,000 | ||||||||||||||
inventory | 1,406,000 | 1,761,000 | 2,229,000 | 2,433,000 | 2,417,000 | 2,379,000 | 2,527,000 | 2,391,000 | 2,127,000 | 1,533,000 | 1,574,000 | 1,339,000 | 1,129,000 | 955,000 | 711,000 | 686,000 | ||||||||||
other current assets and prepaid expenses | 5,012,000 | 4,804,000 | 4,607,000 | 5,126,000 | 5,743,000 | 5,144,000 | 6,275,000 | 6,405,000 | 6,792,000 | 6,118,000 | 1,481,000 | 1,823,000 | 1,850,000 | 1,500,000 | 1,581,000 | 1,497,000 | 2,393,000 | 1,317,000 | 1,550,000 | 1,325,064 | ||||||
total current assets | 24,767,000 | 25,564,000 | 18,586,000 | 14,989,000 | 16,018,000 | 19,344,000 | 38,036,000 | 30,874,000 | 43,936,000 | 39,439,000 | 47,134,000 | 63,363,000 | 59,410,000 | 66,015,000 | 75,078,000 | 85,424,000 | 92,945,000 | 94,684,000 | 50,295,000 | 40,953,056 | 7,318,000 | 67 | ||||
licensed right to use technology | 1,018,000 | 1,069,000 | 1,120,000 | 1,171,000 | 1,222,000 | 1,274,000 | 1,325,000 | 1,376,000 | 1,427,000 | 1,478,000 | 1,529,000 | 1,581,000 | 1,632,000 | 1,683,000 | 1,734,000 | 1,785,000 | 1,837,000 | 346,000 | 356,000 | 365,158 | ||||||
right-of-use lease assets | 1,193,000 | 1,464,000 | 1,561,000 | 1,654,000 | 1,706,000 | 1,775,000 | 1,897,000 | 2,021,000 | 2,121,000 | 2,229,000 | 2,294,000 | 2,401,000 | 2,493,000 | 2,426,000 | 2,265,000 | 2,354,000 | 2,216,000 | 2,299,000 | 1,769,000 | 1,815,351 | ||||||
property and equipment | 8,249,000 | 8,502,000 | 9,392,000 | 10,188,000 | 11,013,000 | 11,652,000 | 11,648,000 | 12,117,000 | 9,364,000 | 8,551,000 | 6,824,000 | 5,474,000 | 5,003,000 | 3,624,000 | 2,757,000 | 2,132,000 | 1,995,000 | 1,772,000 | 1,424,000 | 897,550 | 80,000 | |||||
other assets | 158,000 | 175,000 | 306,000 | 112,000 | 103,000 | 100,000 | 105,000 | 112,000 | 113,000 | 213,000 | 224,000 | 226,000 | 212,000 | 211,000 | 205,000 | 209,000 | 207,000 | 209,000 | 211,000 | 137,880 | ||||||
total assets | 35,385,000 | 36,774,000 | 30,965,000 | 28,114,000 | 30,062,000 | 34,144,000 | 53,010,000 | 46,500,000 | 56,961,000 | 51,911,000 | 58,005,000 | 73,044,000 | 68,749,000 | 73,959,000 | 82,039,000 | 91,904,000 | 99,199,000 | 99,311,000 | 54,056,000 | 44,168,995 | 7,398,000 | 67 | 2,967 | 5,944 | 3,020 | 5,559 |
liabilities and stockholders’ equity | ||||||||||||||||||||||||||
current liabilities | ||||||||||||||||||||||||||
accounts payable | 2,417,000 | 2,202,000 | 1,915,000 | 1,242,000 | 1,950,000 | 2,357,000 | 1,490,000 | 3,114,000 | 1,948,000 | 3,220,000 | 3,292,000 | 1,738,000 | 2,016,000 | 1,411,000 | 2,006,000 | 1,038,000 | 1,129,000 | 1,611,000 | 2,241,000 | 2,261,777 | 41,706 | 6,341 | 634 | |||
accrued expenses and other current liabilities | 3,372,000 | 2,401,000 | 2,055,000 | 2,737,000 | 2,045,000 | 2,631,000 | 4,470,000 | 7,674,000 | 8,402,000 | |||||||||||||||||
operating lease liabilities, current portion | 321,000 | 386,000 | 413,000 | |||||||||||||||||||||||
loans payable, current portion | 401,000 | 233,000 | 609,000 | 60,000 | 258,000 | 536,000 | 800,000 | 130,000 | 275,000 | 495,000 | 775,000 | |||||||||||||||
total current liabilities | 6,511,000 | 4,989,000 | 4,383,000 | 4,626,000 | 5,000,000 | 5,430,000 | 6,599,000 | 11,753,000 | 11,567,000 | 11,641,000 | 12,454,000 | 12,016,000 | 19,780,000 | 11,597,000 | 11,598,000 | 10,160,000 | 10,712,000 | 6,178,000 | 6,912,000 | 4,493,465 | 1,640,000 | 73,613 | ||||
operating lease liabilities | 1,023,000 | 1,231,000 | 1,300,000 | |||||||||||||||||||||||
long-term debt | 21,639,000 | 21,974,000 | 10,085,000 | 9,621,000 | 9,197,000 | 10,940,000 | 14,946,000 | 14,721,000 | 14,380,000 | 14,044,000 | 13,749,000 | 120,000 | 140,000 | 200,000 | 200,000 | 200,000 | 4,539,000 | 4,505,393 | ||||||||
warrant liability | 2,000 | 2,000 | 21,000 | 21,000 | 38,000 | 56,000 | 60,000 | 56,000 | 275,000 | 192,000 | 238,000 | 561,000 | ||||||||||||||
total liabilities | 29,175,000 | 28,488,000 | 17,870,000 | 17,706,000 | 15,721,000 | 15,763,000 | 23,716,000 | 28,801,000 | 29,775,000 | 28,440,000 | 29,173,000 | 33,901,000 | 26,721,000 | 18,519,000 | 18,387,000 | 20,553,000 | 20,990,000 | 8,540,000 | 13,134,000 | 10,719,247 | 6,526,000 | 73,613 | 37,265 | 31,104 | 10,159 | 10,108 |
commitments and contingencies | ||||||||||||||||||||||||||
stockholders’ equity | ||||||||||||||||||||||||||
preferred stock, 0.0001 par value per share... | ||||||||||||||||||||||||||
common stock, 0.0001 par value per share... | 1,000 | 1,000 | 1,000 | 8,000 | 7,000 | 7,000 | 5,000 | 5,000 | 4,000 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | 2,327 | |||||||
treasury stock | -25,000 | -25,000 | -25,000 | -25,000 | -25,000 | -25,000 | -25,000 | -25,000 | -25,000 | -25,000 | -25,000 | -25,000 | -25,000 | -25,000 | -25,000 | -25,000 | -25,000 | -25,000 | -25,000 | -25,000 | ||||||
additional paid-in capital | 325,587,000 | 317,314,000 | 314,625,000 | 303,898,000 | 299,982,000 | 296,000,000 | 293,391,000 | 267,960,000 | 264,780,000 | 246,792,000 | 235,495,000 | 228,949,000 | 217,339,000 | 210,097,000 | 204,930,000 | 200,448,000 | 196,269,000 | 188,652,000 | 136,840,000 | 120,677,112 | 5,090 | 4,068 | 4,068 | 4,068 | 4,068 | |
accumulated deficit | -319,571,000 | -309,289,000 | -301,953,000 | -294,013,000 | -286,322,000 | -278,288,000 | -265,255,000 | -251,898,000 | -239,697,000 | -225,990,000 | -209,770,000 | -193,550,000 | -179,455,000 | -159,288,000 | -146,541,000 | -134,573,000 | -123,639,000 | -103,636,000 | -95,897,000 | -87,204,691 | -12,239 | -9,649 | ||||
accumulated other comprehensive income | 134,000 | 110,000 | 85,000 | 67,000 | -51,000 | 9,000 | 88,000 | -15,000 | 34,000 | 43,000 | 78,000 | 53,000 | 159,000 | 438,000 | 268,000 | 96,000 | ||||||||||
total stockholders’ equity attributable to beyond air, inc. | 6,126,000 | 13,583,000 | 16,130,000 | 25,048,000 | 35,455,000 | 37,915,000 | 72,704,000 | |||||||||||||||||||
non-controlling interest | 84,000 | 175,000 | 362,000 | 481,000 | 758,000 | 738,000 | 1,167,000 | 1,570,000 | 2,138,000 | 2,657,000 | 3,085,000 | 3,688,000 | ||||||||||||||
total stockholders’ equity | 6,210,000 | 8,286,000 | 13,095,000 | 10,408,000 | 40,921,000 | 33,449,748 | ||||||||||||||||||||
total liabilities and stockholders’ equity | 35,385,000 | 36,774,000 | 30,965,000 | 28,114,000 | 30,062,000 | 34,144,000 | 53,010,000 | 46,500,000 | 56,961,000 | 51,911,000 | 58,005,000 | 73,044,000 | 68,749,000 | 73,959,000 | 82,039,000 | 91,904,000 | 99,199,000 | 99,311,000 | 54,056,000 | 44,168,995 | ||||||
derivative liability | 292,000 | 256,000 | 1,314,000 | 214,000 | 349,000 | 849,000 | ||||||||||||||||||||
total stockholders’ equity attributable to beyond air, inc | 8,111,000 | 12,733,000 | 9,927,000 | 17,644,000 | 28,127,000 | 20,814,000 | 25,746,000 | 50,946,000 | 58,805,000 | 66,120,000 | 84,994,000 | |||||||||||||||
other long-term liabilities | 2,081,000 | 2,019,000 | 4,500,000 | 4,500,000 | 4,500,000 | 4,500,000 | 8,000,000 | 8,000,000 | ||||||||||||||||||
operating lease liability, current portion | 414,000 | 396,000 | 381,000 | 381,000 | 429,000 | 418,000 | 408,000 | 391,000 | 382,000 | 376,000 | ||||||||||||||||
operating lease liability | 1,419,000 | 1,486,000 | 1,567,000 | 1,690,000 | 1,790,000 | 1,898,000 | 2,012,000 | 2,087,000 | 2,226,000 | 2,321,000 | 349,000 | 348,000 | 290,000 | 281,000 | 239,000 | 178,000 | 187,288 | |||||||||
accumulated other comprehensive loss | -60,000 | |||||||||||||||||||||||||
total equity | 14,341,000 | 18,381,000 | 29,294,000 | 17,699,000 | 27,186,000 | 23,471,000 | 28,831,000 | 39,143,000 | 42,028,000 | 55,440,000 | 63,652,000 | 71,351,000 | 78,209,000 | 90,771,000 | ||||||||||||
long-term liability, related party | 8,710,000 | |||||||||||||||||||||||||
long term liability, related party | 4,427,000 | |||||||||||||||||||||||||
grant receivable | 425,000 | 420,000 | 355,000 | 235,000 | 479,000 | 322,000 | 661,000 | |||||||||||||||||||
accrued expenses | 7,882,000 | 8,496,000 | 9,401,000 | 16,613,000 | 9,777,000 | 8,934,000 | 8,213,000 | 8,374,000 | 4,328,000 | 4,352,000 | 1,695,235 | |||||||||||||||
non-controlling interests | 4,113,000 | 4,494,000 | 4,847,000 | 5,230,000 | 5,505,000 | 5,777,000 | ||||||||||||||||||||
loan payable, current portion | 60,000 | 310,000 | 619,000 | |||||||||||||||||||||||
long-term liabilities | ||||||||||||||||||||||||||
loan payable | 927,000 | 140,000 | 349,165 | |||||||||||||||||||||||
long-term loan | 200,000 | |||||||||||||||||||||||||
current assets: | ||||||||||||||||||||||||||
other accounts receivables and prepaid expenses | 177,000 | |||||||||||||||||||||||||
non-current assets: | ||||||||||||||||||||||||||
deferred private placement costs | ||||||||||||||||||||||||||
total non-current assets | 80,000 | |||||||||||||||||||||||||
liabilities and stockholders' equity | ||||||||||||||||||||||||||
current liabilities: | ||||||||||||||||||||||||||
bank loan | 27,000 | |||||||||||||||||||||||||
trade payables | 548,000 | |||||||||||||||||||||||||
other accounts payable | 857,000 | |||||||||||||||||||||||||
loans from related parties and others | 208,000 | |||||||||||||||||||||||||
non-current liabilities: | ||||||||||||||||||||||||||
convertible notes | ||||||||||||||||||||||||||
liability related to warrants | 4,886,000 | |||||||||||||||||||||||||
total non-current liabilities | 4,886,000 | |||||||||||||||||||||||||
stockholders' equity | ||||||||||||||||||||||||||
100,000,000 and 11,665,085 shares authorized at march 31, 2017 (unaudited) and december 31, 2016 respectively; 6,290,663 and 2,207,449 shares issued and outstanding shares at march 31, 2017 (unaudited) and december 31, 2016, respectively | 1,000 | |||||||||||||||||||||||||
10,000,000 shares authorized at march 31, 2017 (unaudited) and december 31, 2016; 0 issued and outstanding shares at march 31, 2017 (unaudited) and december 31, 2016 | ||||||||||||||||||||||||||
treasury shares | -25,000 | |||||||||||||||||||||||||
additional paid- in capital | 20,752,000 | |||||||||||||||||||||||||
deficit accumulated | -19,856,000 | |||||||||||||||||||||||||
total shareholders' equity | 872,000 | |||||||||||||||||||||||||
total liabilities and stockholders' equity | 7,398,000 | 67 | 2,967 | 5,944 | 3,020 | 5,559 | ||||||||||||||||||||
other current assets | 26 | 26 | 26 | 26 | 26 | |||||||||||||||||||||
other current liabilities | 28,994 | |||||||||||||||||||||||||
note payable - related party | 2,600 | 10,000 | 10,000 | 10,000 | ||||||||||||||||||||||
accrued interest - related party | 313 | |||||||||||||||||||||||||
preferred stock, 0.0001 par value... | ||||||||||||||||||||||||||
common stock, 0.0001 par value... | 10 | 1,032 | 1,032 | 1,032 | ||||||||||||||||||||||
retained deficit | -78,646 | -39,398 | -30,260 | |||||||||||||||||||||||
total stockholders' equity | -73,546 | |||||||||||||||||||||||||
accrued liabilities | 924 | 470 | ||||||||||||||||||||||||
note payable – related party | 10,000 | |||||||||||||||||||||||||
convertible notes payable | 20,000 | 20,000 | ||||||||||||||||||||||||
authorized, none issued and outstanding | ||||||||||||||||||||||||||
authorized, 10,320,000 issued and outstanding | 1,032 | |||||||||||||||||||||||||
other liabilities | 159 | 108 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2017-09-30 | 2017-06-30 | 2017-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | |||||||||||||||||||||||||||||||||||
net loss | -10,368,000 | -7,630,000 | -8,258,000 | -8,078,000 | -8,063,000 | -13,333,000 | -14,028,000 | -13,055,000 | -14,556,000 | -17,258,000 | -17,426,000 | -15,055,000 | -21,151,000 | -13,798,000 | -12,798,000 | -11,654,000 | -20,663,000 | -7,962,000 | -8,692,116 | -6,742,884 | -5,231,486 | -5,769,651 | -5,131,790 | -6,741,804 | -5,268,332 | -4,395,611 | -4,097,740 | -6,180,821 | 963,472 | -16,312,000 | -9,163,000 | -6,283,000 | |||
adjustments to reconcile net loss to net cash from operating activities: | |||||||||||||||||||||||||||||||||||
depreciation | 778,000 | 746,000 | 769,000 | 754,000 | 14,000 | 14,000 | 21,000 | 16,000 | 6,000 | ||||||||||||||||||||||||||
stock-based compensation | 427,000 | 1,503,000 | 1,775,000 | 1,577,000 | 158,000 | 2,480,000 | 3,129,000 | 3,379,000 | 2,327,000 | 6,435,000 | 6,460,000 | 6,115,000 | 4,354,000 | 5,866,000 | 4,714,000 | 4,624,000 | 3,344,000 | 2,116,000 | 1,155,089 | 1,215,911 | 838,787 | 1,060,763 | 1,179,714 | 1,815,654 | 1,008,141 | 733,474 | 894,497 | 941,537 | 705,422 | 771,899 | |||||
amortization of debt discount and accretion of debt issuance costs | 206,000 | 212,000 | 79,000 | 54,000 | 371,000 | 366,000 | 461,000 | 33,558 | |||||||||||||||||||||||||||
amortization of licensed right to use technology | 51,000 | 51,000 | 51,000 | 51,000 | 51,000 | 52,000 | 51,000 | 51,000 | 51,000 | 52,000 | 50,000 | 52,000 | 51,000 | 52,000 | 33,000 | 69,000 | 9,000 | 10,000 | 9,472 | 9,528 | 11,371 | 9,519 | 9,519 | ||||||||||||
amortization of operating lease assets | 86,000 | 95,000 | 96,000 | 121,000 | 98,000 | 63,000 | 112,000 | 94,000 | 96,000 | 101,000 | 85,000 | 90,000 | 94,000 | 99,000 | 69,000 | 19,914 | 16,513 | ||||||||||||||||||
change in fair value of warrant liability | 1,000 | -20,000 | 1,000 | -17,000 | -18,000 | -5,000 | 5,000 | -219,000 | 82,000 | -46,000 | -323,000 | -324,000 | |||||||||||||||||||||||
change in fair value of derivative liability | 1,878,000 | 0 | 0 | -256,000 | -1,058,000 | 1,099,000 | -135,000 | -500,000 | -512,000 | ||||||||||||||||||||||||||
unrealized loss on marketable securities | -9,000 | ||||||||||||||||||||||||||||||||||
provision for inventory losses | 186,000 | 247,000 | 135,000 | 104,000 | -164,000 | 8,000 | 0 | 0 | |||||||||||||||||||||||||||
provision for bad debt | |||||||||||||||||||||||||||||||||||
foreign currency adjustments | 27,000 | -8,000 | -10,000 | -128,000 | -14,000 | 9,000 | -8,000 | -250,000 | 217,000 | 177,000 | -2,000 | -6,147 | |||||||||||||||||||||||
loss on extinguishment of debt | -87,000 | 1,910,000 | |||||||||||||||||||||||||||||||||
impairment of fixed assets | |||||||||||||||||||||||||||||||||||
loss on disposal of fixed assets | 15,000 | 359,000 | 46,000 | 11,000 | |||||||||||||||||||||||||||||||
paid in kind interest | 464,000 | 461,000 | 448,000 | 389,000 | |||||||||||||||||||||||||||||||
changes in: | |||||||||||||||||||||||||||||||||||
inventory | 194,000 | 424,000 | 304,000 | 188,000 | 126,000 | 140,000 | -394,000 | -338,000 | -594,000 | 101,000 | -296,000 | -209,000 | -174,000 | -244,000 | -74,000 | -289,000 | |||||||||||||||||||
accounts receivable | -26,000 | -260,000 | -88,000 | -94,000 | -70,000 | -83,000 | -81,000 | -156,000 | -25,000 | -89,000 | -161,000 | -44,000 | |||||||||||||||||||||||
other current assets and prepaid expenses | -192,000 | -66,000 | 324,000 | 617,000 | -601,000 | 1,133,000 | 125,000 | 391,000 | 166,000 | -2,116,000 | 293,000 | 74,000 | 427,000 | 70,000 | -88,000 | 509,000 | -562,000 | -234,000 | -225,032 | 205,032 | -1,203,733 | 13,549 | 729,446 | -57,432 | -720,024 | -15,745 | 131,116 | 243,258 | -702,699 | 38,540 | |||||
accounts payable | 392,000 | -90,000 | 673,000 | -708,000 | 85,000 | 831,000 | -1,008,000 | 491,000 | -807,000 | -937,000 | 1,583,000 | -306,000 | 1,176,000 | -1,202,000 | 1,028,000 | -164,000 | -613,000 | -623,000 | -37,648 | 946,648 | 64,175 | -595,781 | -100,248 | -335,893 | 242,298 | -90,392 | 551,321 | 388,330 | 330,403 | -27,770 | |||||
accrued expenses | 770,000 | 348,000 | -682,000 | 691,000 | -546,000 | -1,880,000 | -3,084,000 | -848,000 | 527,000 | -632,000 | -5,377,000 | -7,228,000 | 7,047,000 | 852,000 | -2,984,000 | -124,000 | -50,000 | 2,660,701 | -109,701 | 370,849 | 86,581 | 262,801 | -12,830 | -577,536 | -393,179 | 553,699 | -53,089 | 1,245,043 | -59,286 | ||||||
operating lease liabilities | -108,000 | -95,000 | -121,000 | -49,000 | -66,000 | -73,000 | -149,000 | -97,000 | -110,000 | -84,000 | |||||||||||||||||||||||||
net cash from operating activities | -4,946,000 | -4,219,000 | -4,453,000 | -4,526,000 | -6,957,000 | -7,733,000 | -13,348,000 | -10,180,000 | -10,725,000 | -13,817,000 | -14,319,000 | -17,153,000 | -8,440,000 | -8,510,000 | -9,219,000 | -6,840,000 | -7,900,000 | -6,336,000 | -4,979,822 | -3,918,178 | -5,569,241 | -5,264,343 | -3,320,327 | -5,485,465 | -2,909,911 | -1,640,315 | -1,804,000 | -2,304,000 | -5,313,000 | -3,913,000 | -2,212,000 | ||||
capital expenditures | -547,000 | -34,000 | -246,000 | -198,000 | -1,498,000 | -537,000 | -1,175,000 | -2,673,000 | -1,931,000 | -1,337,000 | -1,682,000 | -795,000 | -2,022,000 | -634,000 | -963,000 | -258,000 | -342,000 | -419,000 | -591,945 | -27,055 | -19,950 | -139,319 | -487,611 | -243,527 | -3,112 | -18,259 | 0 | 0 | -108,000 | -71,000 | -25,000 | ||||
free cash flows | -5,493,000 | -4,253,000 | -4,699,000 | -4,724,000 | -8,455,000 | -8,270,000 | -14,523,000 | -12,853,000 | -12,656,000 | -15,154,000 | -16,001,000 | -17,948,000 | -10,462,000 | -9,144,000 | -10,182,000 | -7,098,000 | -8,242,000 | -6,755,000 | -5,571,767 | -3,945,233 | -5,589,191 | -5,403,662 | -3,807,938 | -5,728,992 | -2,913,023 | -1,658,574 | -1,804,000 | -2,304,000 | -5,421,000 | -3,984,000 | -2,237,000 | ||||
cash flows from investing activities: | |||||||||||||||||||||||||||||||||||
purchase of marketable securities | -41,000 | -4,009,000 | 0 | -3,000 | 0 | -12,397,000 | -3,907,000 | -14,574,000 | -54,300,000 | -19,257,000 | -45,469,000 | -9,744,000 | -2,879,000 | -160,000 | |||||||||||||||||||||
proceeds from sale of marketable securities | 141,000 | 0 | 486,000 | 777,000 | 4,079,000 | 5,996,000 | 21,220,000 | 20,361,000 | 54,564,000 | 21,447,000 | 45,383,000 | 886,000 | 13,757,000 | ||||||||||||||||||||||
security deposits made on operating leases | 5,000 | -6,000 | 8,000 | -6,000 | |||||||||||||||||||||||||||||||
purchase of property and equipment | -547,000 | -34,000 | -246,000 | -198,000 | -1,498,000 | -537,000 | -1,175,000 | -2,673,000 | -1,931,000 | -1,337,000 | -1,682,000 | -795,000 | -2,022,000 | -634,000 | -963,000 | -258,000 | -342,000 | -419,000 | -591,945 | -27,055 | -19,950 | -139,319 | -487,611 | -243,527 | -15,383 | -10,512 | -14,624 | -3,112 | -4,216 | -18,259 | -108,000 | -71,000 | -25,000 | ||
net cash from investing activities | -447,000 | -4,043,000 | 240,000 | 576,000 | -1,667,000 | 853,000 | -1,768,000 | -9,653,000 | 8,860,000 | 4,388,000 | -33,571,000 | -264,000 | -339,000 | -419,000 | -664,945 | -27,055 | -19,950 | -139,319 | -487,611 | -243,527 | -6,775,002 | -7,272,162 | 1,757,523 | 1,754,000 | 1,967,000 | -2,403,000 | -366,000 | -320,000 | |||||||
cash flows from financing activities: | |||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock through at the market offerings | 0 | 0 | 5,694,000 | 2,441,000 | 1,509,000 | 0 | 1,403,000 | 5,472,000 | 687,000 | 5,814,000 | 3,491,000 | 0 | |||||||||||||||||||||||
proceeds from the sale of common stock of neuronos | 0 | 200,000 | |||||||||||||||||||||||||||||||||
proceeds from issuance of common stock and pre-funded warrants through securities purchase | |||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock through exercise of warrants | 0 | 1,000 | |||||||||||||||||||||||||||||||||
proceeds from issuance of common stock warrants | |||||||||||||||||||||||||||||||||||
proceeds from long term loan | 2,000,000 | 0 | |||||||||||||||||||||||||||||||||
debt issuance costs | 0 | ||||||||||||||||||||||||||||||||||
payment of loan | 626,000 | -12,952,000 | -5,462,000 | -264,000 | -100,000 | -235,000 | -220,000 | -280,000 | -82,000 | -310,000 | -81,000 | -536,000 | -23,000 | -182,000 | -245,651 | -207,349 | -68,736 | -84,280 | -125,299 | -125,779 | -40,202 | -88,582 | -58,656 | -116,366 | |||||||||||
net cash from financing activities | 4,901,000 | 11,205,000 | 8,918,000 | 4,066,000 | 4,500,000 | -9,214,000 | 3,409,000 | -310,000 | 133,000 | -536,000 | 5,667,000 | 50,715,000 | 14,762,482 | 8,305,518 | 18,202,889 | 5,704,449 | 1,715,943 | 4,709,098 | 8,980,796 | 1,044,320 | 46,170 | 9,461,000 | 9,461,000 | 9,666,000 | |||||||||||
effect of exchange rate changes on cash and cash equivalents | 24,000 | 25,000 | 18,000 | 127,000 | -61,000 | 39,000 | -134,000 | 111,000 | -95,000 | 37,000 | -59,000 | 40,000 | -106,000 | 61,000 | -170,000 | 172,000 | |||||||||||||||||||
increase in cash, cash equivalents and restricted cash | -468,000 | 2,968,000 | 4,723,000 | 243,000 | -23,845,000 | 3,723,000 | -4,371,000 | -42,828,000 | -7,468,000 | -2,477,000 | 4,360,285 | 22,688,585 | 421,903 | -337,000 | |||||||||||||||||||||
cash, cash equivalents and restricted cash at beginning of year | |||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at end of year | |||||||||||||||||||||||||||||||||||
supplemental disclosure of non-cash investing and financing activities: | |||||||||||||||||||||||||||||||||||
debt discount | 0 | 2,989,000 | -593,000 | 232,000 | 621,000 | 0 | 0 | 0 | 4,541,000 | ||||||||||||||||||||||||||
derivative liability | 0 | 0 | 0 | 0 | 0 | -1,361,000 | |||||||||||||||||||||||||||||
short term finance liability | |||||||||||||||||||||||||||||||||||
fixed assets recorded in accounts payable and accrued expenses | |||||||||||||||||||||||||||||||||||
right-of-use assets acquired under operating leases | |||||||||||||||||||||||||||||||||||
debt principal balance converted to equity | |||||||||||||||||||||||||||||||||||
interest paid | 116,000 | 112,000 | 99,000 | 96,000 | 85,000 | 2,000 | 554,000 | 556,000 | 564,000 | 826,000 | 80,000 | 289,000 | 11,000 | 9,000 | 6,000 | 10,000 | 6,000 | 155,000 | 42,968 | 136,032 | 167,711 | 259,926 | 58,555 | 22,298 | 19,280 | 750 | 1,406 | 1,676 | |||||||
income taxes paid | 23,000 | 0 | |||||||||||||||||||||||||||||||||
cash flows from operating activities | |||||||||||||||||||||||||||||||||||
adjustments to reconcile net loss to net cash from operating activities | |||||||||||||||||||||||||||||||||||
unrealized gain in marketable securities | -13,000 | 51,000 | -6,000 | ||||||||||||||||||||||||||||||||
cash flows from investing activities | |||||||||||||||||||||||||||||||||||
issue of/return of security deposits | 0 | ||||||||||||||||||||||||||||||||||
cash flows from financing activities | |||||||||||||||||||||||||||||||||||
issuance of common stock warrants | 0 | ||||||||||||||||||||||||||||||||||
issuance of common stock and pre-funded warrants through securities purchase agreement ii | 0 | ||||||||||||||||||||||||||||||||||
proceeds from long-term loan | 12,000,000 | ||||||||||||||||||||||||||||||||||
payment of loans | 0 | -234,000 | -375,000 | ||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at beginning of period | 0 | 0 | 4,896,000 | 0 | 0 | 11,608,000 | -2,519,000 | 0 | 39,287,000 | 0 | 0 | 90,230,000 | 0 | 0 | 293 | 35,267,707 | 0 | 0 | 0 | 25,465,111 | 0 | 0 | 0 | 1,357,137 | 0 | ||||||||||
cash, cash equivalents and restricted cash at end of period | 2,968,000 | 4,723,000 | 5,139,000 | -23,844,000 | 24,287,000 | 4,390,000 | -10,208,000 | -15,678,000 | 34,088,000 | -4,371,000 | -42,828,000 | 82,762,000 | -2,477,000 | 43,961,000 | 9,118,008 | 39,627,992 | 12,613,698 | 300,787 | -2,091,995 | 24,445,217 | 22,688,585 | 421,903 | 1,701,603 | 653,020 | 861,525 | ||||||||||
supplemental disclosure of non-cash investing and financing activities | |||||||||||||||||||||||||||||||||||
end of term loan liability | -134,000 | 300,000 | -438,000 | 0 | 0 | 0 | -613,000 | ||||||||||||||||||||||||||||
warrant liability | -5,000 | 0 | 0 | 0 | -885,000 | ||||||||||||||||||||||||||||||
right-of-use assets | 0 | 192,000 | 31,000 | 243,000 | 0 | 0 | 236,700 | 0 | 0 | 258,605 | |||||||||||||||||||||||||
operating lease liability | 0 | 143,000 | 192,000 | 31,000 | 243,000 | 91,000 | 1,540,492 | 0 | 0 | 236,700 | 304,388 | -306,388 | 0 | 266,570 | |||||||||||||||||||||
fixed assets included in accounts payable | |||||||||||||||||||||||||||||||||||
supplemental disclosure of cash flow items: | |||||||||||||||||||||||||||||||||||
loss on termination of right of use asset | |||||||||||||||||||||||||||||||||||
cash receivable as part of securities purchase agreement ii | |||||||||||||||||||||||||||||||||||
fixed assets included in accounts payable and accrued expenses | |||||||||||||||||||||||||||||||||||
grant receivable | 0 | 0 | 425,000 | -5,000 | -65,000 | -120,000 | 244,000 | -157,000 | -130,000 | -192,000 | 0 | 425,000 | |||||||||||||||||||||||
proceeds from issuance of common stock and pre-funded warrants through securities purchase agreement ii | |||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock in connection with a purchase agreement | |||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock through exercise of options | |||||||||||||||||||||||||||||||||||
decrease in cash, cash equivalents and restricted cash | -7,218,000 | 3,405,000 | -7,689,000 | -15,677,000 | -5,199,000 | -1,019,894 | -704,117 | 163,378 | |||||||||||||||||||||||||||
depreciation and amortization | 741,000 | 783,000 | 685,000 | 503,000 | 373,000 | 309,000 | 204,000 | 114,000 | 121,000 | 121,000 | 70,000 | 64,653 | 58,347 | 85,943 | 51,428 | 39,958 | 33,650 | 90,951 | 18,565 | ||||||||||||||||
amortization of debt discount | 119,000 | 369,000 | 409,000 | 57,000 | 33,192 | 33,192 | |||||||||||||||||||||||||||||
loss on termination of right-of use-asset | |||||||||||||||||||||||||||||||||||
write-off of assets no longer used | 163,000 | ||||||||||||||||||||||||||||||||||
net cash from and (used in) investing activities | -6,937,000 | 16,147,000 | 3,114,000 | ||||||||||||||||||||||||||||||||
proceeds from loan | 0 | 1,000 | 0 | 15,817,000 | |||||||||||||||||||||||||||||||
un-realized gain in marketable securities | 90,000 | -75,000 | |||||||||||||||||||||||||||||||||
proceeds from issuance of common stock through exercise of stock options | 0 | 0 | 217,000 | ||||||||||||||||||||||||||||||||
net cash (used in) and provided by financing activities | -264,000 | ||||||||||||||||||||||||||||||||||
fixed assets recorded in accounts payable and accrued assets | 749,000 | ||||||||||||||||||||||||||||||||||
adjustments to reconcile net loss used in provided by operating activities | |||||||||||||||||||||||||||||||||||
disposal of clinical and medical equipment | 0 | ||||||||||||||||||||||||||||||||||
right-of-use lease assets | |||||||||||||||||||||||||||||||||||
net cash from and (used in) financing activities | 5,238,000 | 469,000 | 21,567,000 | ||||||||||||||||||||||||||||||||
unrealized gain on marketable securities | 26,000 | 5,142 | |||||||||||||||||||||||||||||||||
long-term accrued liabilities | |||||||||||||||||||||||||||||||||||
proceeds from the sale of common stock of beyond cancer | |||||||||||||||||||||||||||||||||||
proceeds from the net recovery of short-swing profits from related parties | |||||||||||||||||||||||||||||||||||
accelerated amortization of debt discount costs on retirement of debt | |||||||||||||||||||||||||||||||||||
increase in licensed right to use technology from nitricgen agreement | |||||||||||||||||||||||||||||||||||
nitricgen accrued liability due to fda approval | |||||||||||||||||||||||||||||||||||
proceeds from the sale of common stock – beyond cancer | |||||||||||||||||||||||||||||||||||
operating lease expense | 49,000 | 50,608 | |||||||||||||||||||||||||||||||||
gain on cancellation of operating lease | 0 | 0 | 0 | -1,843 | |||||||||||||||||||||||||||||||
foreign currency adjustment | -9,859 | ||||||||||||||||||||||||||||||||||
amortization of debt issuance cost and deferred financing fees | |||||||||||||||||||||||||||||||||||
current accrued expenses | |||||||||||||||||||||||||||||||||||
deferred revenue | -145,628 | -148,794 | -349,607 | -229,161 | 197,346 | -314,379 | -645,602 | -627,469 | |||||||||||||||||||||||||||
security deposits made on rental properties | 4,000 | 0 | |||||||||||||||||||||||||||||||||
issuance of common stock in connection with a purchase agreement | |||||||||||||||||||||||||||||||||||
issuance of common stock in connection with at the market offering | |||||||||||||||||||||||||||||||||||
proceeds from the exercise of warrants | |||||||||||||||||||||||||||||||||||
proceeds from the exercise of stock options | 92,700 | 8,168 | 25,925 | 83,857 | |||||||||||||||||||||||||||||||
net proceeds from the sale of common stock of beyond cancer | |||||||||||||||||||||||||||||||||||
supplemental disclosure of non-cash financing and investing activities: | |||||||||||||||||||||||||||||||||||
accelerated accretion of debt discount | |||||||||||||||||||||||||||||||||||
increase licensed right to use technology from nitricgen agreement | |||||||||||||||||||||||||||||||||||
proceeds from the sale of common stock - beyond cancer | |||||||||||||||||||||||||||||||||||
disposition of right-of-use asset | 0 | -60 | -17,426 | ||||||||||||||||||||||||||||||||
disposition of operating lease liability | 0 | 0 | 19,329 | ||||||||||||||||||||||||||||||||
stock issued to investor relations firm | 0 | 0 | 242,100 | ||||||||||||||||||||||||||||||||
lease payments | -19,271 | -15,030 | -4,581 | -19,927 | |||||||||||||||||||||||||||||||
issuance of common stock in connection with a purchase agreement with lincoln park, at the market offerings, private placement, net, exercise of warrants and stock options | 5,788,729 | 1,841,242 | 4,834,877 | ||||||||||||||||||||||||||||||||
(decrease) increase in cash, cash equivalents and restricted cash | |||||||||||||||||||||||||||||||||||
adjustments to reconcile net loss to net cash used in operating activities | |||||||||||||||||||||||||||||||||||
issuance of common stock in connection with a purchase agreement with lincoln park, at- the market equity offering, private placement, net, exercise of warrants and stock options | 8,512,867 | ||||||||||||||||||||||||||||||||||
supplemental disclosure of non-investing activities | |||||||||||||||||||||||||||||||||||
realized and unrealized loss on marketable securities sold | |||||||||||||||||||||||||||||||||||
investment in available for sale marketable equitable securities | |||||||||||||||||||||||||||||||||||
proceeds from redemption of marketable securities | 16,823,536 | 16,214,722 | -938,080 | 9,687,121 | 4,754,828 | 1,914,782 | 1,816,000 | 2,000,000 | |||||||||||||||||||||||||||
issuance of common stock in connection with a purchase agreement with lincoln park, at the market equity offering, private placement, net, exercise of warrants and stock options | |||||||||||||||||||||||||||||||||||
proceeds from facility agreement | |||||||||||||||||||||||||||||||||||
payment of debt issuance costs | |||||||||||||||||||||||||||||||||||
deemed dividend as a result of a warrant modification | 0 | ||||||||||||||||||||||||||||||||||
fair market value of warrants allocated to debt discount and stockholders’ equity | |||||||||||||||||||||||||||||||||||
operating leases | |||||||||||||||||||||||||||||||||||
realized and unrealized loss on marketable equity securities | 2,307,319 | ||||||||||||||||||||||||||||||||||
investment in marketable equity securities | |||||||||||||||||||||||||||||||||||
investment in marketable securities | -21,113,978 | 4,602,305 | -16,459,011 | -28,000 | -33,000 | -2,000,000 | |||||||||||||||||||||||||||||
payment of operating lease liability | |||||||||||||||||||||||||||||||||||
unrealized and realized loss on marketable securities to available for sale marketable securities | |||||||||||||||||||||||||||||||||||
change of management’s assessment of prior year research and development to licensing right to use technology | |||||||||||||||||||||||||||||||||||
adoption of asu 2016-01 | |||||||||||||||||||||||||||||||||||
investment in available for sale marketable securities | |||||||||||||||||||||||||||||||||||
cash flows provided by from financing activities | |||||||||||||||||||||||||||||||||||
issuance of common stock in an underwritten offering and private placement, net of offering costs | 0 | ||||||||||||||||||||||||||||||||||
issuance of common stock in private placement, net of offering costs | 0 | ||||||||||||||||||||||||||||||||||
issuance of common stock related to at the market offerings, net of offering costs | 5,763,018 | 0 | |||||||||||||||||||||||||||||||||
issuance of common stock, net of offering cost | 772,015 | 46,170 | |||||||||||||||||||||||||||||||||
proceeds from credit facility loan | |||||||||||||||||||||||||||||||||||
right of use assets | |||||||||||||||||||||||||||||||||||
fair market value of options issued to nitricgen for the licensing right to use technology | |||||||||||||||||||||||||||||||||||
depreciation and amortization of property and equipment | 23,190 | ||||||||||||||||||||||||||||||||||
amortization of intangible asset | 9,519 | ||||||||||||||||||||||||||||||||||
amortization right- of-use lease assets | 16,064 | ||||||||||||||||||||||||||||||||||
realized and unrealized loss from marketable securities | -314,889 | ||||||||||||||||||||||||||||||||||
net cash used in operating activities | -4,757,258 | ||||||||||||||||||||||||||||||||||
licensed right to use technology | |||||||||||||||||||||||||||||||||||
net cash (used in) provided by investing activities | -4,909,768 | ||||||||||||||||||||||||||||||||||
net cash provided by financing activities | |||||||||||||||||||||||||||||||||||
fair market value of option to nitricgen for the licensed right to use technology | |||||||||||||||||||||||||||||||||||
issuance of common stock in private placement, net of offering cost | 0 | 7,839,495 | |||||||||||||||||||||||||||||||||
net cash provided by (used in) financing activities | |||||||||||||||||||||||||||||||||||
issuance of common stock related to at the market offerings | 1,173,810 | ||||||||||||||||||||||||||||||||||
net income | -3,001,000 | ||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities | |||||||||||||||||||||||||||||||||||
unrealized loss on marketable securities to available for sale marketable securities | |||||||||||||||||||||||||||||||||||
change in fair value of warrant liabilities | |||||||||||||||||||||||||||||||||||
amortization of beneficial conversion feature and debt discount related to convertible notes upon merger | |||||||||||||||||||||||||||||||||||
issuance cost related to warrants liability | |||||||||||||||||||||||||||||||||||
imputed interest on convertible notes and others | |||||||||||||||||||||||||||||||||||
issuance of common stock to finder upon the conversion of convertible notes | 18,000 | 18,000 | 18,000 | ||||||||||||||||||||||||||||||||
net cash from (used) in operating activities | |||||||||||||||||||||||||||||||||||
purchase price paid for the merger | |||||||||||||||||||||||||||||||||||
cash flows (used in) from financing activities | |||||||||||||||||||||||||||||||||||
proceeds from the issuance of units consisting of common stock and warrants, net of offering cost | |||||||||||||||||||||||||||||||||||
purchase of treasury stock | |||||||||||||||||||||||||||||||||||
maturity of loan and interest from related parties and others | -418,000 | -418,000 | |||||||||||||||||||||||||||||||||
proceeds from issuance of convertible notes, net of issuance cost | |||||||||||||||||||||||||||||||||||
proceeds from loan from related parties and others | 57,000 | 57,000 | 57,000 | ||||||||||||||||||||||||||||||||
cash received for the exercise of stock options | |||||||||||||||||||||||||||||||||||
increase (decrease) in cash, cash equivalents and restricted cash | |||||||||||||||||||||||||||||||||||
supplemental disclosure of non-cash investing activities: | |||||||||||||||||||||||||||||||||||
conversion of convertible notes to common stock | |||||||||||||||||||||||||||||||||||
issuance cost related to warrants | |||||||||||||||||||||||||||||||||||
fair market value of stock to be issued to vendor | |||||||||||||||||||||||||||||||||||
imputed interest on loans due to former owners | |||||||||||||||||||||||||||||||||||
licensing right to use technology | |||||||||||||||||||||||||||||||||||
payment of loan and interest to former owners | |||||||||||||||||||||||||||||||||||
payment of line of credit | |||||||||||||||||||||||||||||||||||
exercise of options | |||||||||||||||||||||||||||||||||||
imputed interest on loans from related parties and others | 0 | 1,000 | |||||||||||||||||||||||||||||||||
change in: | |||||||||||||||||||||||||||||||||||
payment of loans and interest from related parties and others | |||||||||||||||||||||||||||||||||||
payment of bank loan | |||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at beginning of the period | 0 | 739,000 | |||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at end of the period | -69,000 | 402,000 | |||||||||||||||||||||||||||||||||
stock-based compensation related to options, warrants, rss and rsus | 80,000 | ||||||||||||||||||||||||||||||||||
revaluation of warrants to purchase common stock | 1,277,000 | 3,625,000 | -1,459,000 | -1,308,000 | |||||||||||||||||||||||||||||||
other accounts receivables and prepaid expenses | -57,000 | -36,000 | -110,000 | ||||||||||||||||||||||||||||||||
trade payables | -87,000 | -126,000 | -88,000 | 20,000 | |||||||||||||||||||||||||||||||
other accounts payable | -531,000 | -633,000 | -790,000 | -410,000 | |||||||||||||||||||||||||||||||
repayment of bank loan | -42,000 | -42,000 | -14,000 | ||||||||||||||||||||||||||||||||
capital loss in respect to property and equipment | |||||||||||||||||||||||||||||||||||
stock-based compensation warrants, rss and rsus | |||||||||||||||||||||||||||||||||||
amortization of beneficial conversion feature and debt issuance costs related to convertible notes | |||||||||||||||||||||||||||||||||||
issuance cost related to liability warrants | |||||||||||||||||||||||||||||||||||
adjustment of liability warrants | |||||||||||||||||||||||||||||||||||
imputed interest on convertible notes, loans from related parties and others | |||||||||||||||||||||||||||||||||||
waiver of salary by the company's officer | |||||||||||||||||||||||||||||||||||
deferred ipo costs that was aborted | |||||||||||||||||||||||||||||||||||
increase in restricted cash | |||||||||||||||||||||||||||||||||||
selling of property and equipment | |||||||||||||||||||||||||||||||||||
purchase price that has been paid upon the reverse merger | -295,000 | -295,000 | -295,000 | ||||||||||||||||||||||||||||||||
proceeds from issuance of units consisting of common stock and warrants, net of issuance costs | 9,889,000 | ||||||||||||||||||||||||||||||||||
proceeds from bank loan | |||||||||||||||||||||||||||||||||||
treasury shares | -25,000 | -25,000 | -25,000 | ||||||||||||||||||||||||||||||||
proceeds from issuance of convertible note | |||||||||||||||||||||||||||||||||||
deferred private placement costs that were paid | |||||||||||||||||||||||||||||||||||
increase in cash and cash equivalents | |||||||||||||||||||||||||||||||||||
cash and cash equivalents at the beginning of the year | |||||||||||||||||||||||||||||||||||
cash and cash equivalents at the end of the year | |||||||||||||||||||||||||||||||||||
supplemental disclosure of non‑cash financing activities: | |||||||||||||||||||||||||||||||||||
conversion of convertible notes into common stock | 3,955,000 | 3,955,000 | 3,955,000 | ||||||||||||||||||||||||||||||||
capitalization of deferred private placement costs | |||||||||||||||||||||||||||||||||||
stock-based compensation, warrants, rss and rsus | 4,163,000 | 3,698,000 | |||||||||||||||||||||||||||||||||
amortization of beneficial conversion feature and debt issuance costs in the convertible notes | 1,046,000 | 1,046,000 | 1,046,000 | ||||||||||||||||||||||||||||||||
issuance cost related to warrants to investors and placement agent | 457,000 | 457,000 | 457,000 | ||||||||||||||||||||||||||||||||
issuance of additional warrants granted to investors | 2,434,000 | 2,434,000 | 2,434,000 | ||||||||||||||||||||||||||||||||
imputed interest on convertible notes, loans from related parties and bank loan | 30,000 | 28,000 | 30,000 | ||||||||||||||||||||||||||||||||
deferred costs of ipo that was aborted | |||||||||||||||||||||||||||||||||||
selling or property and equipment | |||||||||||||||||||||||||||||||||||
change in cash and cash equivalents | 1,745,000 | 5,182,000 | 7,134,000 | ||||||||||||||||||||||||||||||||
cash and cash equivalents at the beginning of the period | 7,000 | 7,000 | 7,000 | ||||||||||||||||||||||||||||||||
cash and cash equivalents at the end of the period | 1,752,000 | 5,189,000 | 7,141,000 | ||||||||||||||||||||||||||||||||
proceeds from issuance of units consist of common stock and warrants, net of issuance costs | 9,889,000 | 9,889,000 | |||||||||||||||||||||||||||||||||
stock-based compensation, warrants, rs and rsu's | 1,877,000 | ||||||||||||||||||||||||||||||||||
receivables and prepaid expenses | -99,000 | ||||||||||||||||||||||||||||||||||
maturity of loan from related parties and others | -241,000 |
