Company: AEMD
Filing Date: 2025-02-12
Form Type: 10-Q
Source: 0001683168-25-000960
Chunk: 0

Company: AETHLON MEDICAL INC
Filing Date: 2025-02-12
Form: 10-Q
Item: Item 1
Chunk 0
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AETHLON MEDICAL, INC. AND SUBSIDIARY

CONDENSED CONSOLIDATED BALANCE SHEETS

    December 31,  2024  
    March 31,  2024 

    (Unaudited)  

    ASSETS 

    Current Assets 

    Cash and cash equivalents 
    $4,825,387  
    $5,441,978 
  
    Deferred offering costs 
     54,750  
     277,827 
  
    Prepaid expenses and other current assets 
     88,270  
     505,983 
  
    Total current assets 
     4,968,407  
     6,225,788 

    Property and equipment, net 
     762,138  
     1,015,229 
  
    Operating lease right-of-use asset 
     673,315  
     883,054 
  
    Patents, net 
     688  
     1,100 
  
    Restricted cash 
     87,506  
     87,506 
  
    Deposits 
     33,305  
     33,305 
  
    Total assets 
    $6,525,359  
    $8,245,982 

    LIABILITIES AND STOCKHOLDERS’ EQUITY 

    Current liabilities 

    Accounts payable 
    $610,909  
    $777,862 
  
    Due to related parties 
     781,899  
     546,434 
  
    Operating lease liability, current portion 
     307,326  
     290,565 
  
    Accrued professional fees 
     73,537  
     215,038 
  
    Total current liabilities 
     1,773,671  
     1,829,899 

    Operating lease liability, less current portion 
     417,522  
     649,751 
  
    Total liabilities 
     2,191,193  
     2,479,650 

    See Commitments and Contingencies Note 9 
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    Stockholders’ Equity 

    Common stock, par value $0.001 per share; 60,000,000 shares authorized as of December 31, 2024 and March 31, 2024; 13,986