AETHLON MEDICAL INC
Business
AETHLON MEDICAL INC is a medical therapeutic company developing the Hemopurifier®, a clinical‑stage lectin‑affinity extracorporeal device designed to remove harmful extracellular vesicles and enveloped viruses from plasma. Its main product offering is the Hemopurifier treatment platform used in plasmapheresis sessions to capture pathogenic viruses and EVs implicated in cancer progression, severe viral infections and transplant contexts. Key business activities are organized around oncology clinical programs, life‑threatening viral infection applications and ongoing R&D and manufacturing support. Clinical development and distribution occur through hospitals and clinical trial sites in the United States, Australia, India and other international research collaborations.
Summary from filing dated 2025-06-26
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-03-31 | FY 2024 2024-03-31 | FY 2023 2023-03-31 | FY 2022 2022-03-31 | FY 2021 2021-03-31 |
|---|---|---|---|---|---|---|
| Professional fees | 2 | 4 | 4 | 3 | 3 | |
| Payroll and related expenses | 4 | 5 | 4 | 5 | 3 | |
| General and administrative | 3 | 4 | 4 | 3 | 2 | |
| Total operating expenses | 9 | 13 | 12 | 11 | 9 | |
| OPERATING LOSS | −9 | −13 | −12 | −10 | −8 | |
| Interest income | −298,122 | −447,356 | — | — | — | |
| Other income | −324,450 | 0 | — | — | — | |
| Interest expense | 10,109 | — | — | — | — | |
| Other expense | 5 | 18,962 | — | — | — | |
| Total other expense (income), net | 4 | −428,394 | 131,148 | 0 | — | |
| NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS | −13 | −12 | −12 | −10 | −8 | |
| Basic loss per share attributable to common stockholders | −8.58 | −38.87 | −5.86 | −0.71 | — | |
| Diluted loss per share attributable to common stockholders | −8.58 | −38.87 | −5.86 | −0.71 | — | |
| Weighted average number of common shares outstanding - basic | 2 | 314,097 | 2 | 15 | — | |
| Weighted average number of common shares outstanding - diluted | 2 | 314,097 | 2 | 15 | — | |
| OTHER COMPREHENSIVE LOSS | −10,193 | −799 | — | — | — | |
| COMPREHENSIVE LOSS | −13 | −12 | −12 | −10 | — |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-03-31 | FY 2024 2024-03-31 | FY 2023 2023-03-31 | FY 2022 2022-03-31 | FY 2021 2021-03-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 6 | 5 | 15 | 17 | — | |
| Deferred offering costs | 0 | 277,827 | 0 | — | — | |
| Prepaid expenses and other current assets | 448,539 | 505,983 | 557,623 | 956,623 | 341,081 | |
| TOTAL CURRENT ASSETS | 6 | 6 | 15 | 18 | 10 | |
| Property and equipment, net | 676,220 | 1 | 1 | 441,238 | 160,976 | |
| Operating lease right-of-use asset | 601,846 | 883,054 | 1 | 696,698 | 40,363 | |
| Patents, net | 550 | 1,100 | 1,650 | 2,200 | 56,954 | |
| Restricted cash | 97,813 | 87,506 | 87,506 | 87,506 | 46,726 | |
| Deposits | 33,305 | 33,305 | 33,305 | 33,305 | 12,159 | |
| TOTAL ASSETS | 7 | 8 | 18 | 19 | 11 | |
| Accounts payable | 534,524 | 777,862 | 432,889 | 499,962 | 337,678 | |
| Due to related parties | 579,565 | 546,434 | 214,221 | — | — | |
| Operating lease liability, current portion | 313,033 | 290,565 | 269,386 | 126,905 | 42,543 | |
| Other current liabilities | 472,164 | 215,038 | 588,592 | 696,893 | 761,636 | |
| TOTAL CURRENT LIABILITIES | 2 | 2 | 2 | 2 | 1 | |
| Operating lease liability, less current portion | 336,718 | 649,751 | 939,642 | 602,505 | 0 | |
| TOTAL LIABILITIES | 2 | 2 | 2 | 2 | 1 | |
| COMMITMENTS AND CONTINGENCIES (Note 8) | — | — | — | — | — | |
| Common stock, $0.001 par value, 60,000,000 shares authorized at March 31, 2025 and 2024; 2,585,239 and 328,728 shares issued and 2,010,739 and 328,728 outstanding at March 31, 2025 and 2024, respectively | 2,586 | 329 | 2,299 | 15,421 | 12,152 | |
| Additional paid-in capital | 173 | 160 | 157 | 147 | 129 | |
| Accumulated other comprehensive loss | −17,133 | −6,940 | −6,141 | 0 | — | |
| Accumulated deficit | −168 | −155 | −142 | −130 | −120 | |
| TOTAL STOCKHOLDERS EQUITY | 5 | 6 | 15 | 17 | 9 | |
| TOTAL LIABILITIES AND STOCKHOLDERS EQUITY | 7 | 8 | 18 | 19 | 11 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-03-31 | FY 2024 2024-03-31 | FY 2023 2023-03-31 | FY 2022 2022-03-31 | FY 2021 2021-03-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 339,559 | 359,057 | 240,892 | 123,685 | 39,939 | |
| Stock-based compensation | 415,234 | 1 | 1 | 750,621 | 779,421 | |
| Loss on disposal of property, plant and equipment | 0 | 21,135 | 0 | — | — | |
| Non-cash lease expense | 281,208 | 143 | 24,408 | — | — | |
| Warrant Inducement Expense | 5 | 0 | — | — | — | |
| Prepaid expenses and other current assets | 113,923 | −10,232 | 398,169 | −636,688 | −111,477 | |
| Accounts payable and other current liabilities | −53,360 | 156,678 | −174,727 | 97,541 | 341,858 | |
| Due to related parties | 33,131 | 332,213 | 58,479 | 37,222 | 6,813 | |
| Net cash used in operating activities | −8 | −10 | −11 | −10 | −7 | |
| Purchases of property and equipment | 0 | −250,867 | −943,109 | −349,193 | −59,881 | |
| Cash used in investing activities | 0 | −250,867 | −943,109 | −349,193 | −59,881 | |
| Tax withholding payments or tax equivalent payments for net share settlement of restricted stock units | −18,927 | −34,778 | −12,493 | −88,118 | −132,527 | |
| Net proceeds from the issuance of common stock | 4 | 1 | 9 | — | — | |
| Proceeds from exercise of warrants standard terms | 2 | 0 | — | — | — | |
| Proceeds from exercise of warrants induced terms | 2 | 0 | — | — | — | |
| Commission paid related to warrant inducement | −153,979 | 0 | — | — | — | |
| Legal fees paid related to warrant inducement | −10,877 | 0 | — | — | — | |
| Net cash provided by financing activities | 8 | 1 | 9 | 17 | 7 | |
| Effect of Exchange Rate on Changes on Cash | −12,262 | 2,107 | −5,957 | 0 | — | |
| Net increase (decrease) in cash and cash equivalents and restricted cash | 69,590 | −9 | −3 | 7 | — | |
| Issuance of shares under vested restricted stock units, net stock option exercises and unvested share issuance for services | 13 | 35 | 92 | 44 | 98 | |
| Disposal of fully depreciated property | 350,670 | 0 | — | — | — | |
| Reversal of accrued commission liability (see Note 6) | 0 | 404,120 | — | — | — | |
| Deferred offering costs not yet paid | 0 | 219,117 | 0 | — | — |