NOTE
6 ACCRUED EXPENSES
A
summary of the accrued expenses as of September 30, 2023 and March 31, 2023 is as follows (in thousands):
SUMMARY
OF ACCRUED EXPENSES
| |
September 30, 2023 | | |
March 31, 2023 | |
Research and development | |
$ | 1,180 | | |
$ | 426 | |
Professional fees | |
| 581 | | |
| 1,221 | |
Employee salaries and benefits | |
| 1,397 | | |
| 985 | |
Contingent litigation and settlements (Note 10) | |
| 400 | | |
| 10,298 | |
Circassia settlement – current portion (Note 8) | |
| 4,500 | | |
| 3,500 | |
Goods received not invoiced | |
| 180 | | |
| - | |
Other | |
| 258 | | |
| 184 | |
Total short-term accrued expenses | |
$ | 8,496 | | |
$ | 16,613 | |
| |
| | | |
| | |
Circassia settlement – long-term portion (Note 8) | |
$ | - | | |
$ | 4,500 | |
Total other long-term liabilities | |
$ | - | | |
$ | 4,500 | |
BEYOND
AIR, INC. AND ITS SUBSIDIARIES
NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
|