Company: AEMD
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001683168-25-008271
Chunk: 16

Company: AETHLON MEDICAL INC
Filing Date: 2025-11-12
Form: 10-Q
Item: Item 1
Chunk 16
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Service prior to any vesting date.

During the three- and six-months ended September
30, 2025, 1,340 and 2,680 shares were issued upon settlement of 1,787 and 3,573 RSUs, respectively.

6. RELATED PARTY TRANSACTIONS

During the three-months ended September 30, 2025,
we accrued $68,250 for board fees and paid fees of $68,250 owed to our non-employee directors for services in the current and prior quarter
respectively. In the six-months ended September 2025 and September 2024 we accrued $136,500 for board fees and paid out an aggregate $136,500.

The accrued balance for separation expenses at
September 30, 2025, relates to agreement with a former executive officer from a prior period; no new separation accruals were recorded
during the quarter.

Amounts due to related
parties were comprised of the following items:

    Schedule of amounts due to related parties 

    September 30, 2025  
    March 31,  2025 
  
    Accrued Board fees 
    $68,250  
    $68,250 
  
    Accrued vacation to all employees 
     162,753  
     165,029 
  
    Accrued separation expenses 
     17,451  
     346,286 
  
    Total due to related parties 
    $248,454  
    $579,565 

     12 

7. OTHER CURRENT LIABILITIES

Other current liabilities were comprised of the following items:

    Schedule of other current liabilities 

    September 30,  
    March 31, 

    2025  
    2025 
  
    D&O insurance premium financing 
    $45,639  
    $178,206 
  
    Accrued professional fees 
     166,392  
     247,631 
  
    Accrued resale registration 
     46,327  
     46,327 
  
    Employee related FSA accruals 
     2,737  
     – 
  
    Total other current liabilities 
    $261,095  
    $472,164 

8. STOCK COMPENSATION

All of the stock-based compensation expense recorded
during the three and six months ended September 30, 2025