AETHLON MEDICAL INC
For the period ended Mar 31, 2024. Filed Jun 27, 2024.
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FY2024 · Filed Jun 27, 2024
AEMD$5.55+1.1%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEARS ENDED MARCH 31, 2024 AND 2023
| Years Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net loss | $(12,208,174) | $(12,029,786) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 359,057 | 240,892 |
| Stock-based compensation | 1,219,370 | 1,051,898 |
| Loss on disposal of property, plant and equipment | 21,135 | – |
| Loss on dissolution of Subsidiary | – | 142,121 |
| Non-cash lease expense | 143 | 24,408 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | – | 127,965 |
| Prepaid expenses and other current assets | (10,232) | 398,169 |
| Accounts payable and other current liabilities | 156,678 | (174,727) |
| Deferred revenue | – | (344,547) |
| Due to related parties | 332,213 | 58,479 |
| Net cash used in operating activities | (10,129,810) | (10,505,128) |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (250,867) | (943,109) |
| Net cash used in investing activities | (250,867) | (943,109) |
| Cash flows from financing activities: | ||
| Tax withholding payments or tax equivalent payments for net share settlement of restricted stock units | (34,778) | (12,493) |
| Net proceeds from the issuance of common stock | 1,322,383 | 8,927,211 |
| Net cash provided by financing activities | 1,287,605 | 8,914,718 |
| Effect of Exchange Rate on Changes on Cash | 2,107 | (5,957) |
| Net decrease in cash and restricted cash | (9,090,965) | (2,539,476) |
| Cash and restricted cash at beginning of year | 14,620,449 | 17,159,925 |
| Cash and restricted cash at end of year | $5,529,484 | $14,620,449 |
| Supplemental information of non-cash investing and financing activities: | ||
| Initial recognition of right-of-use lease asset and lease liability | $– | $625,471 |
| Issuance of shares under vested restricted stock units, net stock option exercises and unvested share issuance for services | $35 | $92 |
| Reversal of accrued commission liability (see Note 6) | $404,120 | $– |
| Deferred offering costs not yet paid | $219,117 | $– |
| Reconciliation of cash, cash equivalents and restricted cash to the consolidated balance sheets: | ||
| Cash and cash equivalents | $5,441,978 | $14,532,943 |
| Restricted cash | 87,506 | 87,506 |
| Cash and restricted cash | $5,529,484 | $14,620,449 |
Aethlon Medical, Inc. and Subsidiary
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