Company: AEMD
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001683168-25-008271
Chunk: 49

Company: AETHLON MEDICAL INC
Filing Date: 2025-11-12
Form: 10-Q
Item: Item 8
Chunk 49
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2026, subject in each case to the director’s Continuous
Service (as defined in the 2020 Plan), through such dates. Vesting will terminate upon the director’s termination of Continuous
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,