AETHLON MEDICAL INC (AEMD)
Aethlon Medical, Inc. operates as a medical technology enterprise, dedicated to innovating solutions for the diagnosis and treatment of life-threatening and organ-jeopardizing diseases within the United States. Central to its pipeline is the Aethlon Hemopurifier, a clinical-stage immunotherapeutic device. This device is engineered to clear the human circulatory system of detrimental tumor-derived exosomes and perilous viruses. Notably, this capability extends to targeting the COVID-19 virus, its various strains, and associated exosomes. Furthermore, Aethlon Medical maintains a collaborative partnership with the University of Pittsburgh Medical Center's Hillman Cancer Center, conducting studies pertinent to head and neck cancer. Established in 1999, the company is headquartered in San Diego, California.
Sector: Surgical & Medical Instruments & Apparatus
Industry: Medical - Devices
Aethlon Medical, Inc.
NASDAQ:AEMDHealthcare · Medical - Devices
-1.45%$5.44
AH$5.31-2.39%vs close
Mkt Cap$8.73M
Float1.6M
O/S1.6M
Vol
$ Vol
RVOL
Inst Own4.2%
Earnings
Dilution
Financials Summary
Revenue$0
Net Income-$7.15M
Total Assets$6.33M
Free Cash Flow-$7M
Debt & Equity
Debt 6%
Equity 94%
Total Debt$337K
Total Equity$4.89M
Shares Outstanding
Short Interest
Split History6 splits · 6 reverse
2-year cumulative
1:400Over cap
Past the 1:250 Nasdaq cap, ineligible for a bid-price compliance period
- 1:5Reverse splitAug 4, 20265 shares → 1
- 1:10Reverse splitOct 20, 202510 shares → 1
- 1:8Reverse splitJun 9, 20258 shares → 1
- 1:10Reverse splitOct 5, 202310 shares → 1
- 1:15Reverse splitOct 15, 201915 shares → 1
- 1:50Reverse splitApr 14, 201550 shares → 1
Balance Sheet Details
Assets$6.33M
Liabilities$1.45M
Accounts Receivable$0
Accounts Payable$385K
Inventory$0
PP&E (Net)$665K
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 | 2018-03-31 | 2017-03-31 | 2016-03-31 | 2015-03-31 | 2014-03-31 | 2013-03-31 | 2012-03-31 | 2011-03-31 | 2010-03-31 | 2009-03-31 | 2008-03-31 | 2007-03-31 | 2006-03-31 | 2005-03-31 | 2004-03-31 | 2003-03-31 | 2002-03-31 | 2001-03-31 | 2000-03-31 | 1999-03-31 | 1998-03-31 | 1997-03-31 |
| Revenue | $0 | $0 | $0 | $574K | $294K | $659K | $650K | $230K | $150K | $392K | $887K | $762K | $1.62M | $1.23M | $1.36M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $20K | $0 |
| YoY Growth | - | - | - | 95.2% | -55.4% | 1.4% | 183.2% | 53.5% | -61.8% | -55.8% | 16.3% | -53.1% | 32.0% | -9.6% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cost of Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.08B | $2.63B | $0 | $0 | $0 | $0 | $0 | $2.07M | $1.65B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $316K | $451K | $0 |
| Gross Profit | $0 | $0 | $0 | $574K | $294K | $659K | $650K | -$2.85B | -$2.49B | -$3.09B | -$1.41B | -$954.48M | $0 | -$178.36M | -$712K | -$1.65B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$316K | -$431K | $0 |
| Gross Margin | - | - | - | 100.0% | 100.0% | 100.0% | 100.0% | -1242674.4% | -1661027.2% | -787423.3% | -159599.6% | -125190.9% | - | -14500.9% | -52.4% | - | - | - | - | - | - | - | - | - | - | - | - | - | -2151.5% | - |
| Research and Development | $1.91M | $2.21M | $2.52M | $2.75M | $2.34M | $2.07M | $927K | $896K | $586K | $673K | $782K | $1.03M | $1.51M | $1.44M | $1.09M | $0 | $0 | $0 | $0 | $674K | $754K | $496K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $7.29M | $9.34M | $12.64M | $12.47M | $10.72M | $8.55M | $6.58M | $6.23M | $4.98M | $6.49M | $5.27M | $4.75M | $4.68M | $4.81M | $4.47M | $4.56M | $2.85M | $2.92M | $2.89M | $2.08M | $2.01M | $2.18M | $996K | $1.64M | $2.07M | $1.87M | $858K | $0 | $0 | $0 |
| Other | -$1.91M | -$2.21M | -$2.52M | -$2.75M | -$2.34M | -$2.07M | -$927K | -$896K | -$586K | -$673K | -$782K | -$1.03M | -$1.51M | -$1.44M | -$1.09M | -$2.92M | $0 | $0 | $0 | -$674K | -$672K | -$496K | $0 | $0 | $204K | $229K | $32K | $24K | -$431K | $2K |
| Total Operating Expenses | $7.29M | $9.34M | $12.64M | $12.47M | $10.72M | $8.55M | $6.58M | $6.23M | $4.98M | $6.49M | $5.27M | $4.75M | $4.68M | $4.8M | $4.47M | $1.64M | $2.85M | $2.92M | $2.89M | $2.08M | $2.1M | $2.18M | $996K | $1.64M | $2.27M | $2.1M | $890K | $24K | -$431K | $2K |
| Operating Income (EBIT) | -$7.29M | -$9.34M | -$12.64M | -$11.9M | -$10.42M | -$7.89M | -$5.93M | -$6M | -$4.83M | -$6.1M | -$4.38M | -$3.99M | -$3.06M | -$3.58M | -$3.11M | -$4.56M | -$2.85M | -$2.92M | -$2.89M | -$2.08M | -$2.01M | -$2.18M | -$996K | -$1.64M | -$2.27M | -$2.1M | -$890K | -$341K | -$457K | -$2K |
| Operating Margin | - | - | - | -2072.0% | -3542.5% | -1197.3% | -912.0% | -2612.5% | -3228.7% | -1555.3% | -494.6% | -523.7% | -188.2% | -290.7% | -229.0% | - | - | - | - | - | - | - | - | - | - | - | - | - | -2279.3% | - |
| Interest Expense | $14K | $10K | $0 | $0 | $0 | $2K | $54K | $220K | $362K | $304K | $574K | $440K | $430K | $1.13M | $3.79M | $3.95M | $1.56M | $1.77M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $157K | $298K | $428K | $11K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $172 | $0 | $24K | $3K | $3K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | $142K | -$4.05M | $428K | -$131K | $0 | $0 | -$450K | -$220K | -$869K | -$1.21M | -$574K | -$2.99M | -$10.38M | -$1.32M | -$5M | -$1.15M | -$1.72M | -$3.16M | -$1.25M | -$3.55M | -$457K | $86K | $0 | -$334K | -$1.72M | -$2.33M | -$405K | -$11K | -$37K | $0 |
| Income Before Tax (EBT) | -$7.15M | -$13.39M | -$12.21M | -$12.03M | -$10.42M | -$7.89M | -$6.38M | -$6.22M | -$5.7M | -$7.31M | -$4.96M | -$6.98M | -$13.44M | -$4.89M | -$8.11M | -$5.71M | -$4.57M | -$6.08M | -$4.14M | -$5.63M | -$2.55M | -$2.1M | $0 | -$1.97M | -$4M | -$4.42M | -$1.29M | -$352K | -$494K | $0 |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$25K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.72M | $3.16M | $1.25M | $3.94M | $825K | -$86K | $523K | $824K | $0 | $2.33M | $5K | $625 | -$2K | $2K |
| Net Income | -$7.15M | -$13.39M | -$12.21M | -$12.03M | -$10.42M | -$7.89M | -$6.37M | -$6.2M | -$5.68M | -$7.28M | -$4.87M | -$6.8M | -$13.36M | -$4.89M | -$8.11M | -$5.71M | -$4.57M | -$6.08M | -$4.14M | -$6.03M | -$2.92M | -$2.1M | -$1.52M | -$2.46M | -$4M | -$4.42M | -$1.3M | -$353K | -$492K | -$2K |
| Net Income Margin | - | - | - | -2094.9% | -3540.9% | -1196.6% | -980.3% | -2697.9% | -3796.2% | -1855.8% | -549.5% | -891.5% | -822.5% | -397.7% | -596.4% | - | - | - | - | - | - | - | - | - | - | - | - | - | -2455.1% | - |
| Supplementary Data | ||||||||||||||||||||||||||||||
| EPS | -10.61 | -85.77 | -388.67 | -468.60 | -564.68 | -521.81 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -516.22 | -245.88 | -2989.00 | -3077.00 | -3029.00 | -5312.50 | -4514.00 | -8387.00 | -5601.00 | -5602.00 | -6962.00 | -16620.00 | -39030.00 | -457875.00 | -18653.00 | -8777.50 | -71080.00 | -45.00 |
| Diluted EPS | -10.61 | -85.77 | -388.67 | -468.60 | -564.68 | -521.81 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -516.22 | -245.88 | -4.00 | -3077.00 | -3029.00 | -5312.50 | -4514.00 | -8387.00 | -5601.00 | -5602.00 | -6962.00 | -16620.00 | -39030.00 | -457875.00 | -18653.00 | -8777.50 | -71080.00 | -0.02 |
| Weighted Average OS | 673,000 | 156,000 | 31,000 | 25,000 | 18,000 | 15,000 | 0 | 0 | 0 | 0 | 0 | 0 | 25,000 | 19,896 | 2,035 | 1,856 | 1,510 | 1,145 | 917 | 718 | 521 | 374 | 218 | 148 | 102 | 74 | 70 | 40 | 34 | 34 |
| EBITDA | -$6.81M | -$13.04M | -$11.85M | -$11.79M | -$10.3M | -$7.85M | -$5.9M | -$5.97M | -$5.3M | -$6.97M | -$4.35M | -$6.5M | -$12.99M | -$3.88M | -$4.35M | -$1.74M | -$3M | -$4.29M | -$1.6M | -$5.61M | -$2.44M | -$2.06M | -$869K | -$1.14M | -$1.87M | -$1.87M | -$607K | -$316K | -$431K | -$2K |
| EBITDA Margin | - | - | - | -2052.9% | -3500.5% | -1191.2% | -908.0% | -2599.0% | -3544.2% | -1777.7% | -490.2% | -852.8% | -799.7% | -315.1% | -319.6% | - | - | - | - | - | - | - | - | - | - | - | - | - | -2151.5% | - |
Balance Sheet
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 | 2018-03-31 | 2017-03-31 | 2016-03-31 | 2015-03-31 | 2014-03-31 | 2013-03-31 | 2012-03-31 | 2011-03-31 | 2010-03-31 | 2009-03-31 | 2008-03-31 | 2007-03-31 | 2006-03-31 | 2005-03-31 | 2004-03-31 | 2003-03-31 | 2002-03-31 | 2001-03-31 | 2000-03-31 | 1999-03-31 | 1998-03-31 | 1997-03-31 |
| Assets | ||||||||||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||||||||||
| Cash and Cash Equivalents | $5.03M | $5.5M | $5.44M | $14.53M | $17.07M | $9.86M | $9.6M | $3.83M | $6.97M | $1.56M | $2.12M | $856K | $1.25M | $125K | $144K | $16K | $68K | $6K | $255K | $440K | $836K | $9K | $2K | $6K | $11K | $6K | $217K | $3K | $634 | $2K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $5.03M | $5.5M | $5.44M | $14.53M | $17.07M | $9.86M | $9.6M | $3.83M | $6.97M | $1.56M | $2.12M | $856K | $1.25M | $125K | $144K | $16K | $68K | $6K | $255K | $440K | $836K | $9K | $2K | $6K | $11K | $6K | $217K | $3K | $634 | $2K |
| Accounts Receivable | $0 | $0 | $0 | $0 | $128K | $149K | $207K | $0 | $75K | $0 | $199K | $193K | $95K | $209K | $400K | $207K | $2K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5K | $61K | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $543K | $449K | $784K | $558K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $82K | $83K | $863 | $121K | $158K | $100K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $16K | $0 | $0 | $0 |
| Total Current Assets | $5.57M | $5.95M | $6.23M | $15.09M | $18.16M | $10.35M | $10.04M | $4.04M | $7.23M | $1.6M | $2.38M | $1.2M | $1.48M | $365K | $696K | $410K | $180K | $43K | $329K | $445K | $869K | $19K | $7K | $17K | $151K | $31K | $331K | $3K | $634 | $2K |
| Long-Term Assets | ||||||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $665K | $1.28M | $1.9M | $2.3M | $1.14M | $201K | $277K | $6K | $28K | $29K | $36K | $56K | $84K | $145 | $1K | $8K | $15K | $3K | $8K | $14K | $12K | $30K | $17K | $20K | $37K | $30K | $42K | $34K | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $550 | $1K | $2K | $2K | $57K | $58K | $67K | $76K | $85K | $94K | $103K | $112K | $122K | $131K | $140K | $142K | $138K | $137K | $142K | $132K | $214K | $237K | $261K | $561K | $899K | $672K | $45K | $0 | $0 |
| Long-Term Investments | $0 | $98K | $88K | $88K | $88K | $47K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | -$88K | -$88K | -$47K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $99K | $33K | $33K | $121K | $121K | $59K | $12K | $12K | $18K | $15K | $22K | $17K | $19K | $10K | $10K | $9K | $309K | $13K | $13K | $13K | $17K | $37K | $20K | $101K | $224K | $325K | $275K | $0 | $120 | $240 |
| Total Long-Term Assets | $764K | $1.41M | $2.02M | $2.42M | $1.26M | $317K | $347K | $85K | $122K | $129K | $153K | $176K | $216K | $132K | $143K | $157K | $466K | $154K | $159K | $169K | $161K | $282K | $274K | $382K | $822K | $1.25M | $989K | $79K | $120 | $240 |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $6.33M | $7.36M | $8.25M | $17.51M | $19.42M | $10.67M | $10.39M | $4.12M | $7.35M | $1.73M | $2.56M | $1.38M | $1.7M | $497K | $839K | $567K | $646K | $197K | $488K | $613K | $1.03M | $300K | $282K | $399K | $974K | $1.28M | $1.32M | $82K | $754 | $3K |
| Liabilities | ||||||||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||||||||
| Accounts Payable | $385K | $535K | $778K | $433K | $500K | $338K | $285K | $132K | $124K | $484K | $245K | $342K | $518K | $823K | $586K | $308K | $232K | $0 | $1.44M | $1.37M | $881K | $1.31M | $1.59M | $1.55M | $1.16M | $1.12M | $975K | $482K | $377K | $0 |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $962K | $0 | $0 | $0 | $0 | $1.76M | $2.69M | $3.66M | $2.37M | $1.92M | $2.37M | $786K | $553K | $670K | $492K | $675K | $1.06M | $938K | $1.31M | $527K | $0 | $368K | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $345K | $115K | $100K | $0 | $0 | $0 | $0 | $0 | $2.69M | $2.54M | $2.3M | $1.06M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $202K | $0 | $0 | $0 |
| Other Current Liabilities | $68K | $178K | $0 | $0 | $0 | $596K | $0 | $374K | $0 | $58K | $145K | $146K | $8.82M | $1.05M | $1.29M | $948K | $1.82M | $1.31M | $1.58M | $5.78M | $1.24M | $1.57M | $1.67M | $1.41M | $1.07M | $920K | $128K | $241K | -$368 | $350 |
| Total Current Liabilities | $1.45M | $1.9M | $1.83M | $1.51M | $1.82M | $1.38M | $1.07M | $1.82M | $478K | $612K | $527K | $574K | $15.65M | $9.64M | $10.13M | $6.54M | $5.05M | $4.15M | $3.81M | $7.71M | $2.79M | $3.37M | $3.94M | $4.02M | $3.17M | $3.35M | $2.03M | $787K | $431 | $350 |
| Long-Term Liabilities | ||||||||||||||||||||||||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $841K | $519K | $500K | $155K | $776K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $395K | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | $0 | $0 | $0 | -$0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $0 | $337K | $650K | $940K | $603K | -$0 | $43K | $0 | $841K | $519K | $500K | $155K | $776K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $395K | $0 | $0 | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $1.45M | $2.24M | $2.48M | $2.44M | $2.43M | $1.38M | $1.11M | $1.82M | $1.32M | $1.13M | $1.05M | $729K | $16.43M | $9.64M | $10.13M | $6.54M | $5.05M | $4.15M | $3.81M | $7.71M | $2.79M | $3.37M | $3.94M | $4.02M | $3.17M | $3.75M | $2.03M | $787K | $2K | $350 |
| Stockholders' Equity | ||||||||||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $6K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $2K | $3K | $3K | $23K | $15K | $12K | $9K | $1K | $18K | $9K | $8K | $7K | $4K | $174K | $118K | $77K | $62K | $49K | $39K | $32K | $25K | $17K | $11K | $7K | $5K | $3K | $3K | $3K | $511 | $511 |
| Retained Earnings | -$175.11M | -$167.95M | -$154.57M | -$142.36M | -$130.33M | -$119.91M | -$112.03M | -$105.65M | -$99.46M | -$93.78M | -$86.5M | -$81.63M | -$74.83M | -$61.48M | -$56.58M | -$48.47M | -$42.76M | -$38.31M | -$32.23M | -$28.09M | -$22.06M | -$19.14M | -$17.15M | -$15.63M | -$13.17M | -$9.17M | -$4.75M | -$3.45M | -$3.09M | -$35K |
| Comprehensive Income & Other | -$33K | -$17K | -$7K | -$6K | $0 | $0 | $0 | $0 | $0 | $0 | -$358K | $0 | -$301K | -$289K | -$288K | -$280K | -$270K | -$265K | -$258K | -$248K | -$45K | -$209K | -$166K | -$166K | $3.57M | $2.43M | -$126K | $0 | $0 | $0 |
| Other Stockholders' Equity | $179.99M | $173.08M | $160.33M | $157.41M | $147.45M | $129.33M | $121.43M | $108.08M | $105.57M | $94.45M | $88.05M | $82.24M | $59.88M | $52.16M | $47.17M | $42.42M | $38.3M | $34.31M | $28.87M | $20.96M | $20.28M | $16.06M | $13.48M | $11.99M | $10.96M | $6.7M | $4.03M | $2.74M | $3.09M | $37K |
| Total Equity | $4.89M | $5.12M | $5.77M | $15.06M | $17.13M | $9.43M | $9.41M | $2.43M | $6.13M | $676K | $1.55M | $615K | -$14.95M | -$9.14M | -$9.3M | -$5.98M | -$4.4M | -$3.95M | -$3.32M | -$7.09M | -$1.76M | -$3.07M | -$3.66M | -$3.63M | -$2.2M | -$2.47M | -$713K | -$704K | -$1K | $2K |
| Minority Interest | $0 | $0 | $0 | $0 | -$142K | -$137K | -$132K | -$126K | -$101K | -$81K | -$50K | $36K | $218K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $6.33M | $7.36M | $8.25M | $17.51M | $19.56M | $10.81M | $10.52M | $4.25M | $7.45M | $1.81M | $2.61M | $1.34M | $1.48M | $497K | $839K | $567K | $646K | $197K | $488K | $613K | $1.03M | $300K | $282K | $399K | $974K | $1.28M | $1.32M | $82K | $754 | $3K |
| Supplementary Data | ||||||||||||||||||||||||||||||
| Total Debt | $337K | $650K | $940K | $1.21M | $729K | $43K | $141K | $962K | $841K | $519K | $500K | $155K | $2.53M | $2.69M | $3.66M | $2.37M | $1.92M | $2.37M | $786K | $553K | $670K | $492K | $675K | $1.06M | $938K | $1.71M | $527K | $0 | $0 | $0 |
| Net Debt | -$4.69M | -$4.85M | -$4.5M | -$13.32M | -$16.34M | -$9.82M | -$9.46M | -$2.87M | -$6.13M | -$1.04M | -$1.6M | -$700K | $1.28M | $2.56M | $3.52M | $2.36M | $1.85M | $2.37M | $531K | $112K | -$167K | $484K | $673K | $1.06M | $927K | $1.7M | $310K | -$3K | -$634 | -$2K |
Cash Flow Statement
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 | 2018-03-31 | 2017-03-31 | 2016-03-31 | 2015-03-31 | 2014-03-31 | 2013-03-31 | 2012-03-31 | 2011-03-31 | 2010-03-31 | 2009-03-31 | 2008-03-31 | 2007-03-31 | 2006-03-31 | 2005-03-31 | 2004-03-31 | 2003-03-31 | 2002-03-31 | 2001-03-31 | 2000-03-31 | 1999-03-31 | 1998-03-31 | 1997-03-31 |
| Operating Activities | ||||||||||||||||||||||||||||||
| Net Income | -$7.15M | -$13.39M | -$12.21M | -$12.03M | -$10.42M | -$7.89M | -$6.38M | -$6.22M | -$5.7M | -$7.31M | -$4.96M | -$6.98M | -$13.44M | -$4.89M | -$8.11M | -$5.71M | -$4.57M | -$6.08M | -$4.14M | -$6.02M | -$2.92M | -$2.1M | -$1.52M | -$2.46M | -$4M | -$4.42M | -$1.3M | -$353K | -$4K | -$2K |
| Depreciation & Amortization | $324K | $340K | $359K | $241K | $124K | $40K | $26K | $31K | $36K | $32K | $39K | $37K | $21K | $10K | $17K | $19K | $14K | $16K | $1.22M | $23K | $34K | $40K | $127K | $160K | $204K | $228K | $303K | $24K | $26K | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $507K | $904K | $0 | $369K | $9.8M | $304K | $11.55M | $5.33M | $969K | $1.6M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $279K | $415K | $1.22M | $1.05M | $751K | $779K | $844K | $1.32M | $1.26M | $2.19M | $203K | $416K | $608K | $765K | $1.1M | $1.86M | $505K | $733K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||||||||||
| Accounts Receivable | $0 | $0 | $0 | $128K | $21K | $58K | -$207K | $75K | -$75K | $199K | -$6K | -$98K | $114K | $191K | -$400K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$75K | -$6.87M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | -$383K | -$53K | $157K | -$175K | $98K | $342K | -$17K | $390K | -$104K | $322K | -$46K | -$1.11M | $47K | $751K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$360K | $147K | $322K | $112K | -$370K | -$90K | $108K | $46K | $6.75M | -$64K | -$77K | -$713K | $86K | $8K | $1.04M | $465K | $590K | $314K | $96K | $417K | -$149K | -$334K | $387K | $943K | $633K | $116K | $312K | $168K | $2K | -$400 |
| Total Working Capital Change | -$743K | $94K | $479K | $65K | -$251K | $310K | -$115K | $436K | -$294K | $458K | -$129K | -$1.92M | $246K | $950K | $637K | $465K | $590K | $314K | $96K | $417K | -$149K | -$334K | $387K | $943K | $633K | $116K | $312K | $168K | $2K | -$400 |
| Other Non-Cash Items | $294K | $4.89M | $21K | $167K | $31K | -$2K | $427K | $140K | $279K | $220K | $517K | $3.03M | $629K | $763K | -$7.04M | -$3.94M | $519K | $1.64M | $722K | $3.87M | $1.45M | $832K | $463K | $844K | $2.15M | $3.28M | $5K | $38K | -$25K | -$285 |
| Net Cash from Operating | -$7M | -$7.65M | -$10.13M | -$10.51M | -$9.77M | -$6.76M | -$5.2M | -$4.29M | -$3.91M | -$3.51M | -$4.33M | -$5.05M | -$2.14M | -$2.1M | -$1.84M | -$1.97M | -$1.98M | -$1.78M | -$2.1M | -$1.72M | -$1.58M | -$1.56M | -$542K | -$515K | -$1.01M | -$801K | -$679K | -$123K | -$2K | -$2K |
| Investing Activities | ||||||||||||||||||||||||||||||
| Capital Expenditures | -$4K | $0 | -$251K | -$943K | -$349K | -$60K | -$152K | $0 | -$25K | -$16K | -$9K | $0 | -$96K | $0 | -$2K | -$3K | -$17K | -$1K | -$12K | -$18K | -$16K | -$30K | -$5K | -$1K | $0 | -$6K | -$13K | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$31K | -$137K | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$96K | $0 | -$2K | $0 | -$7K | -$13K | -$10K | $0 | -$6K | $0 | $0 | $0 | -$49K | -$47K | $19K | -$31K | $0 | $0 | $0 |
| Net Cash from Investing | -$4K | $0 | -$251K | -$943K | -$349K | -$60K | -$152K | $0 | -$25K | -$16K | -$9K | -$96K | -$96K | -$2K | -$2K | -$9K | -$30K | -$12K | -$12K | -$24K | -$16K | -$30K | -$5K | -$50K | -$78K | -$124K | -$45K | $0 | $0 | $0 |
| Financing Activities | ||||||||||||||||||||||||||||||
| Debt Repaid | - | - | - | - | - | - | $993K | - | - | -$577K | - | -$415K | - | - | -$1.69M | -$1.1M | - | - | - | - | - | - | -$20K | -$330K | -$178K | -$708K | -$938K | - | -$120K | - |
| Common Stock Issuance | $6.66M | $3.54M | $1.32M | $8.93M | $17.46M | $7.26M | $12.16M | $1.34M | $9.63M | $2.76M | $5.61M | $4.76M | $3.18M | $2.11M | $300K | $320K | $115K | $1.11M | $1.29M | $1.3M | $1.45M | $1.49M | $522K | $230K | $912K | $100K | $0 | $2K | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$194K | -$279K | -$379K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$140K | $4.19M | -$35K | -$12K | -$88K | -$133K | -$41K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $200K | $500K | $0 | $0 | $0 | $0 | -$77K | $0 | $0 | $0 | $0 | -$94K | $0 | $122K | $0 | $0 |
| Net Cash from Financing | $6.52M | $7.73M | $1.29M | $8.91M | $17.37M | $7.13M | $11.13M | $1.15M | $9.35M | $2.96M | $5.61M | $4.65M | $3.36M | $2.08M | $1.97M | $1.93M | $2.07M | $1.54M | $1.93M | $1.35M | $2.43M | $1.6M | $542K | $560K | $1.09M | $714K | $938K | $125K | $142K | $0 |
| Forex Effect | $7K | -$12K | $2K | -$6K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $96K | $0 | $2K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$474K | $70K | -$9.09M | -$2.54M | $7.25M | $304K | $5.78M | -$3.15M | $5.41M | -$564K | $1.27M | -$395K | $1.13M | -$19K | $128K | -$52K | $62K | -$249K | -$185K | -$396K | $828K | $7K | -$5K | -$4K | $5K | -$211K | $214K | $2K | -$2K | -$2K |
| Supplementary Data | ||||||||||||||||||||||||||||||
| Operating Cash Flow | -$7M | -$7.65M | -$10.13M | -$10.51M | -$9.77M | -$6.76M | -$5.2M | -$4.29M | -$3.91M | -$3.51M | -$4.33M | -$5.05M | -$2.14M | -$2.1M | -$1.84M | -$1.97M | -$1.98M | -$1.78M | -$2.1M | -$1.72M | -$1.58M | -$1.56M | -$542K | -$515K | -$1.01M | -$801K | -$679K | -$123K | -$2K | -$2K |
| Capital Expenditure | -$4K | $2 | -$251K | -$943K | -$349K | -$60K | -$152K | $0 | -$25K | -$16K | -$9K | $0 | -$96K | $0 | -$2K | -$3K | -$17K | -$1K | -$12K | -$18K | -$16K | -$30K | -$5K | -$1K | $0 | -$6K | -$13K | $0 | $0 | $0 |
| Free Cash Flow | -$7M | -$7.65M | -$10.38M | -$11.45M | -$10.12M | -$6.82M | -$5.35M | -$4.29M | -$3.94M | -$3.52M | -$4.34M | -$5.05M | -$2.24M | -$2.1M | -$1.84M | -$1.97M | -$1.99M | -$1.78M | -$2.12M | -$1.74M | -$1.6M | -$1.59M | -$547K | -$516K | -$1.01M | -$807K | -$692K | -$123K | -$2K | -$2K |
| Cash at Beginning | $5.6M | $5.53M | $14.62M | $17.16M | $9.91M | $9.6M | $3.83M | $6.97M | $1.56M | $2.12M | $856K | $1.25M | $125K | $144K | $16K | $68K | $6K | $255K | $440K | $836K | $9K | $2K | $6K | $11K | $6K | $217K | $3K | $1K | $2K | $5K |
| Cash at End | $5.13M | $5.6M | $5.53M | $14.62M | $17.16M | $9.91M | $9.6M | $3.83M | $6.97M | $1.56M | $2.12M | $856K | $1.25M | $125K | $144K | $16K | $68K | $6K | $255K | $440K | $836K | $9K | $2K | $6K | $11K | $6K | $217K | $3K | $634 | $2K |