Company: AEMD
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001683168-25-008271
Chunk: 52

Company: AETHLON MEDICAL INC
Filing Date: 2025-11-12
Form: 10-Q
Item: Item 8
Chunk 52
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     – 
  
    Granted 
     7,144 
  
    Vested 
     (3,572)
  
    Tax withholding payments or tax equivalent payments for net share settlement of restricted stock units 
     (893)
  
    Nonvested RSUs at September 30, 2025 
     2,679 

Our total stock-based compensation for the six
months ended September 30, 2025 and 2024 included the following:

    Schedule of stock-based compensation 

    Six Months Ended 

    September 30, 2025  
    September 30, 2024 
  
    Vesting of restricted stock units 
    $100,000  
    $118,750 
  
    Vesting of stock options 
     44,884  
     134,071 
  
    Total Stock-Based Compensation 
    $144,884  
    $252,821 

We review share-based compensation on a quarterly
basis for changes to the estimate of expected award forfeitures based on actual forfeiture experience. The cumulative effect of adjusting
the forfeiture rate for all expense amortization is recognized in the period the forfeiture estimate is changed. The effect of forfeiture
adjustments for the three months ended September 30, 2025 was insignificant.

At September 30, 2025, there was approximately
$133,363 of unrecognized compensation cost related to share-based payments, which is expected to be recognized over a weighted average
period of 0.46 years.

     14 

9. WARRANTS

We issued 520,000 warrants in the three-months
ended September 30, 2025 in connection with our September 5, 2025 offering. We issued 206,550 warrants in connection with the May 17,
2024 public offering during three-months ended June 2024.

A summary of warrant activity during the six months
ended September 30, 2025 is presented below:

    Schedule of warrant activity 

    Amount  
    Range of Exercise Price  
    Weighted Average Exercise Price 
  
    Warrants outstanding at March 31, 2025 
     235,711  
    $29.89 – 46.40  
    $35.54 

    Granted 
     520,000  
     9.00  
     9.00 
  
    Exercised 
     –  
    $–