Company: AEMD
Filing Date: 2025-06-26
Form Type: 10-K
Source: 0001683168-25-004780
Chunk: 1098

Company: AETHLON MEDICAL INC
Filing Date: 2025-06-26
Form: 10-K
Item: Item 7
Chunk 1098
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 present insignificant risk of changes in value because of changes in interest rates. For the purpose of financial statement presentation,
we consider all highly liquid investment instruments with original maturities of three months or less when purchased, or any investment
redeemable without penalty or loss of interest to be cash equivalents. Cash is carried at cost, which approximates fair value, and cash
equivalents are carried at fair value.

As of March 31, 2025 and March 31, 2024 our cash
and cash equivalents were comprised of the following instruments: 

    Schedule of cash and cash equivalents 

    For the year ended 

    March 31,  2025  
    March 31,  2024 
  
    Cash in US bank checking account 
    $282,545  
    $697,908 
  
    Cash equivalents held in US Treasury bills 
     5,157,887  
     4,736,469 
  
    Cash in Australian bank checking account 
     60,829  
     7,601 
  
    Total cash and cash equivalents 
    $5,501,261  
    $5,441,978 

CONCENTRATIONS OF CREDIT RISKS

Cash is maintained at one US financial institution
in a checking account. Accounts at this institution are secured by the Federal Deposit Insurance Corporation up to $250,000. Our March
31, 2025 cash balances were approximately $130,000 over such insured amount. We do not believe that
the Company is exposed to any significant risk with respect to its cash in that checking account.

At March
31, 2025, we maintained cash equivalents of approximately $5.2 million in US Treasury bills with maturities of less than three months.
We do not believe that the Company is exposed to any significant risk with respect to its cash equivalents since they represent US government
risk.

Cash is maintained at one Australian financial
institution in checking accounts. Accounts at this institution are secured by the Financial Claims Scheme for up to Australian $250,000.
Our March 31, 2025 Australian cash balance was below that threshold.

RESTRICTED CASH

To comply with the terms
of our laboratory, office, and manufacturing space leases, we arranged for our former bank, First Republic Bank, to issue two standby
letters of credit (L/Cs) totaling $87,506 in favor of the landlord, in lieu of a security