Issue 002 | U.S. Pilot | US

AEMD

AETHLON MEDICAL INC

Screen state: Passing Source state: Verified 10-K | 2026-06-10 Filing currency: USD

Open Filing Back to Register Report a correction

Internal NCAV Discount 75.2%

GNNI internal NCAV discount calculation. Market context inputs are retained internally and are not displayed.

Current Assets: 5,569,537USD
Total Liabilities: 1,446,835USD
NCAV: 4,122,702USD
Cash: 5,026,458USD
NCAV per share: 2.63USD/share
Evidence: 10 annual | 21 quarterly

Mary filing review

Financial Statement Evidence

Deterministic observations from the frozen Mary Reason Card. They annotate filing evidence and do not determine screen inclusion.

Not captured in this issue’s Mary run.

This archived issue is not backfilled with observations from a later screening run.

Business Profile

Checklist-driven facts extracted from filing text. Missing fields stay visible in the details.

business_profile_v1

Business profile: 0 of 12 fields established by the current extractor.

Business Profile Field Details

Business Description

Missing Source

Not established by the current extractor from the selected filing context.

Revenue Model

Missing Source

Not established by the current extractor from the selected filing context.

Customers And Channels

Missing Source

Not established by the current extractor from the selected filing context.

Segments And Geography

Missing Source

Not established by the current extractor from the selected filing context.

Tangible Operations Assets

Missing Source

Not established by the current extractor from the selected filing context.

Value Chain

Missing Source

Not established by the current extractor from the selected filing context.

Competition Positioning

Missing Source

Not established by the current extractor from the selected filing context.

Business Lifecycle Cyclicality

Missing Source

Not established by the current extractor from the selected filing context.

Strategy And Capital Allocation

Missing Source

Not established by the current extractor from the selected filing context.

Management Governance Signals

Missing Source

Not established by the current extractor from the selected filing context.

Disclosed Risks

Missing Source

Not established by the current extractor from the selected filing context.

Known Unknowns

Missing Source

Not established by the current extractor from the selected filing context.

Business Profile Sources

Source	Filing	Date	Type	Status	Provenance
S1	0001683168-26-004710	2026-06-10	10-K	Verified	Data Vault \| sec/cleaned/cik=0000882291/accession=0001683168-26-004710/parser=html-cleaner-v1/full.txt

Historical values can be viewed as reported in each filing or normalized to the latest verified split basis. These are measurement aids, not conclusions about a company.

Policy: normalize_to_latest_verified_split_basis | quality: verified

Display basis Normalized to latest verified split basis As reported in each filing

Metric	2026-03-31 10-K Open filing	2025-12-31 10-Q Open filing	2025-09-30 10-Q Open filing	2025-06-30 10-Q Open filing	2025-03-31 10-K Open filing	2024-12-31 10-Q Open filing	2024-09-30 10-Q Open filing	2024-06-30 10-Q Open filing	2024-03-31 10-K Open filing	2023-12-31 10-Q Open filing	2023-09-30 10-Q Open filing	2023-06-30 10-Q Open filing	2023-03-31 10-K Open filing	2022-12-31 10-Q Open filing	2022-09-30 10-Q Open filing	2022-06-30 10-Q Open filing	2022-03-31 10-K Open filing	2021-12-31 10-Q Open filing	2021-09-30 10-Q Open filing	2021-06-30 10-Q Open filing	2021-03-31 10-K Open filing	2020-03-31 10-K Open filing	2019-03-31 10-K Open filing	2018-03-31 10-K Open filing	2017-03-31 10-K Open filing	2016-03-31 10-K Open filing
Period-end Shares Outstanding	1,570,4491,570,449	973,213973,213	761,318761,318	259,8712,598,711	201,0742,010,739	174,83313,986,669	174,52513,961,998	174,21713,937,327	32,8722,629,725	32,4572,596,538	31,1612,492,908	31,04424,835,321	28,74122,992,466	28,71222,969,349	28,68322,946,232	19,99215,993,723	19,27415,419,163	19,26015,408,231	19,24715,397,299	19,23315,386,367	15,18812,150,597	11,7099,367,171	1,58419,004,253	1,47817,739,511	7338,797,086	6357,622,393
Weighted-average Basic Shares	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	28,68322,946,483	25,93120,744,999	19,35815,486,621	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a
Weighted-average Diluted Shares	673,945673,945	823,126823,126	397,513397,513	207,6422,076,416	156,0841,560,839	174,52813,962,266	174,22013,937,595	93,2247,457,888	31,4102,512,774	31,4562,516,511	31,0462,483,649	30,39324,314,759	25,67220,537,434	28,68322,946,483	25,93120,744,999	19,35815,486,621	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a
Basic EPS	-11-11	-11-11	-11-11	-1-1	-9-9	-1-1	-0-0	-0-0	-5-5	-4-4	-3-3	-0-0	-1-1	-0-0	-0-0	-0-0	-1-1	-0-0	-0-0	-0-0	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a
Diluted EPS	-11-11	-11-11	-11-11	-1-1	-9-9	-1-1	-0-0	-0-0	-5-5	-4-4	-3-3	-0-0	-1-1	-0-0	-0-0	-0-0	-1-1	-0-0	-0-0	-0-0	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a
Basic-to-Diluted Share Difference	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	0.0%	0.0%	0.0%	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence
Net Share Count Change	61.4%	27.8%	193.0%	29.2%	15.0%	0.2%	0.2%	430.0%	1.3%	4.2%	0.4%	8.0%	0.1%	0.1%	43.5%	3.7%	0.1%	0.1%	0.1%	26.6%	29.7%	639.3%	7.1%	101.7%	15.4%	Insufficient evidence
Ownership Claim Change	-38.0%	-21.8%	-65.9%	-22.6%	-13.1%	-0.2%	-0.2%	-81.1%	-1.3%	-4.0%	-0.4%	-7.4%	-0.1%	-0.1%	-30.3%	-3.6%	-0.1%	-0.1%	-0.1%	-21.0%	-22.9%	-86.5%	-6.7%	-50.4%	-13.4%	Insufficient evidence

Verified split events: reverse 50.0 on 2015-04-14; reverse 15.0 on 2019-10-14; reverse 10.0 on 2023-10-04; reverse 8.0 on 2025-06-24; reverse 10.0 on 2025-10-16

Known Unknowns

Medium | Share Count

The current U.S. Pilot does not yet evaluate share-count trends or post-filing dilution beyond Mary's screening flags.

Low | Classification

U.S. Pilot rows are surfaced for source inspection and may still need manual business classification review.

Annual Financials

Latest annual periods, newest first. Missing cells render as n/a.

Metric	2026-03-31 10-K USD	2025-03-31 10-K USD	2024-03-31 10-K USD	2023-03-31 10-K USD	2022-03-31 10-K USD	2021-03-31 10-K USD	2020-03-31 10-K USD	2019-03-31 10-K USD	2018-03-31 10-K USD	2017-03-31 10-K USD
Revenue	n/a	n/a	0	574,245	294,165	659,104	650,187	229,625	149,625	392,073
Operating Income	-7,293,631	-9,341,365	-12,636,568	-11,898,638	-10,420,885	-7,889,919	-5,929,988	-5,999,017	-4,831,116	-6,098,357
Net Income	-7,151,469	-13,388,089	-12,208,174	-12,029,786	-10,416,091	-7,886,709	-6,373,948	-6,194,719	-5,679,558	-7,276,113
Cash From Operations	-6,998,392	-7,645,532	-10,129,810	-10,505,128	-9,767,157	-6,764,940	-5,197,608	-4,293,433	-3,910,680	-3,505,900
Capex	-3,704	0	-250,867	-943,109	-349,193	-59,881	-151,665	0	-24,823	-16,433
Free Cash Flow	-7,002,096	-7,645,532	-10,380,677	-11,448,237	-10,116,350	-6,824,821	-5,349,273	-4,293,433	-3,935,503	-3,522,333
Cash And Equivalents	5,026,458	5,501,261	5,441,978	14,532,943	17,072,419	9,861,575	9,604,780	n/a	n/a	n/a
Accounts Receivable	n/a	n/a	n/a	0	127,965	149,082	206,729	0	74,813	0
Inventory	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total Current Assets	5,569,537	5,949,800	6,225,788	15,090,566	18,157,007	10,351,738	10,041,113	4,038,116	7,230,250	1,597,252
Total Assets	6,333,107	7,359,534	8,245,982	17,508,940	19,417,954	10,668,916	10,387,686	4,122,964	7,351,904	1,726,368
Total Current Liabilities	1,446,835	1,899,286	1,829,899	1,505,089	1,824,049	1,375,226	1,067,720	1,823,886	477,957	611,756
Total Liabilities	1,446,835	2,236,004	2,479,650	2,444,731	2,426,554	1,375,226	1,110,260	1,823,886	1,319,110	1,130,956
Shareholders Equity	4,886,272	5,123,530	5,766,332	15,064,209	17,133,108	9,430,604	9,409,550	2,425,109	6,134,040	676,379
Shares Outstanding	2,370,560	258,532	173,747	30,964	19,274	19,207	15,066	1,592	1,480	739
Shares Outstanding Diluted	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Weighted Avg Shares Diluted	673,945	156,085	31,410	25,672	18,446	15,114	4,269	1,510	1,026	647
Weighted Avg Shares Basic	673,945	156,085	31,410	25,672	18,446	15,114	4,269	1,510	1,026	647
Net Share Count Change (Normalized)	61.4%	15.0%	1.3%	0.1%	0.1%	29.7%	639.3%	7.1%	101.7%	15.4%
Ownership Claim Change (Normalized)	-38.0%	-13.1%	-1.3%	-0.1%	-0.1%	-22.9%	-86.5%	-6.7%	-50.4%	-13.4%

Quarterly Financials

Latest quarterly periods, newest first. Periods are shown only when Data Vault has them.

Metric	2026-03-31 10-K USD	2026-03-31 10-K USD	2025-12-31 10-Q USD	2025-09-30 10-Q USD	2025-06-30 10-Q USD	2025-03-31 10-K USD	2024-12-31 10-Q USD	2024-09-30 10-Q USD	2024-06-30 10-Q USD	2024-03-31 10-K USD	2023-12-31 10-Q USD	2023-09-30 10-Q USD	2023-06-30 10-Q USD	2023-03-31 10-K USD	2022-12-31 10-Q USD	2022-09-30 10-Q USD	2022-06-30 10-Q USD	2022-03-31 10-K USD	2021-12-31 10-Q USD	2021-09-30 10-Q USD	2021-06-30 10-Q USD
Revenue	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	574,245	0	0	0	13,116	17,117	131,966	131,966
Operating Income	-1,929,296	-1,929,295	-2,062,116	-1,509,830	-1,792,390	-2,003,641	-1,814,747	-2,902,119	-2,620,858	-2,485,974	-3,567,088	-3,175,346	-3,408,160	-2,477,495	-2,849,753	-3,665,309	-2,906,081	-3,785,822	-2,527,946	-2,008,804	-2,098,313
Net Income	-1,884,266	-1,884,266	-2,018,245	-1,487,100	-1,761,858	-6,254,893	-1,754,783	-2,806,973	-2,571,440	-2,425,418	-3,466,121	-3,034,456	-3,282,179	-2,466,935	-2,849,753	-3,807,430	-2,905,668	-3,782,863	-2,527,946	-2,007,979	-2,097,303
Cash From Operations	-1,750,381	-1,750,381	-1,874,357	-1,658,717	-1,714,937	-1,672,649	-2,010,788	-2,214,558	-1,747,537	-2,565,442	-2,377,835	-2,704,146	-2,482,387	-2,946,716	-1,951,114	-2,878,381	-2,728,917	-3,099,078	-2,718,118	-1,878,133	-2,071,828
Capex	n/a	n/a	n/a	n/a	n/a	2,192	-2,192	0	0	-4,907	-8,807	-6,770	-230,383	-11,289	-151,486	-739,165	-41,169	-212,398	-57,934	-40,487	-38,374
Free Cash Flow	n/a	n/a	n/a	n/a	n/a	-1,670,457	-2,012,980	-2,214,558	-1,747,537	-2,570,349	-2,386,642	-2,710,916	-2,712,770	-2,958,005	-2,102,600	-3,617,546	-2,770,086	-3,311,476	-2,776,052	-1,918,620	-2,110,202
Cash And Equivalents	5,026,458	5,026,458	6,956,397	5,853,493	3,765,154	5,501,261	4,825,387	6,859,075	9,072,379	5,441,978	7,972,012	10,175,920	12,897,734	14,532,943	17,499,541	19,604,025	14,921,775	17,072,419	20,394,536	23,224,925	25,171,679
Total Current Assets	5,569,537	5,569,537	7,141,519	6,253,879	4,050,858	5,949,800	4,968,407	7,138,083	9,550,437	6,225,788	8,249,333	10,487,317	13,307,957	15,090,566	18,172,322	20,503,512	15,893,911	18,157,007	21,210,224	23,569,199	25,547,766
Total Liabilities	1,446,835	1,446,835	1,344,031	1,577,113	1,882,489	2,236,004	2,191,193	2,828,222	2,702,801	2,479,650	2,825,471	2,508,985	2,691,692	2,444,731	3,445,300	3,178,975	2,212,020	2,426,554	1,356,913	835,475	993,250
Shares Outstanding	1,570,449	1,570,449	1,315,110	761,318	259,871	201,074	180,714	174,525	174,217	32,872	32,755	31,161	31,044	30,964	28,712	28,683	28,625	19,788	19,260	19,247	19,233
Shares Outstanding Diluted	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Weighted Avg Shares Diluted	673,945	673,945	823,126	397,513	207,642	1,560,839	174,529	174,220	93,225	2,512,774	31,456	31,046	30,393	28,712	28,683	25,931	19,358	19,260	19,247	19,233	16,036
Weighted Avg Shares Basic	673,945	673,945	823,126	397,513	207,642	1,560,839	174,529	174,220	93,225	2,512,774	31,456	31,046	30,393	28,712	28,683	25,931	19,358	19,260	19,247	19,233	16,036
Net Share Count Change (Normalized)	61.4%	61.4%	27.8%	193.0%	29.2%	15.0%	0.2%	0.2%	430.0%	1.3%	4.2%	0.4%	8.0%	0.1%	0.1%	43.5%	3.7%	0.1%	0.1%	0.1%	26.6%
Ownership Claim Change (Normalized)	-38.0%	-38.0%	-21.8%	-65.9%	-22.6%	-13.1%	-0.2%	-0.2%	-81.1%	-1.3%	-4.0%	-0.4%	-7.4%	-0.1%	-0.1%	-30.3%	-3.6%	-0.1%	-0.1%	-0.1%	-21.0%

Audit Trail

NCAV Audit

Official-source inputs remain linked to filing provenance. Derived values are labeled as such.

Input	Value	Source concept	Filing period	Confidence	Provenance
Current Assets	5,569,537USD	derived	2026-03-31	1.00	n/a
Total Liabilities	1,446,835USD	derived	2026-03-31	1.00	n/a
Cash	5,026,458USD	derived	2026-03-31	1.00	n/a
Shares Outstanding	1,570,449	derived	2026-03-31	1.00	n/a
NCAV	4,122,702USD	derived	2026-03-31	n/a	company-evidence-v1 \| total_current_assets - total_liabilities
NCAV per share	2.63USD	derived	2026-03-31	n/a	company-evidence-v1 \| NCAV / shares_outstanding
Internal NCAV Discount	75.2%	derived	2026-03-31	n/a	gnni_publication_pack \| internal_discount

NCAV = total_current_assets - total_liabilities | NCAV per share = NCAV / shares_outstanding

Source Provenance

Data Source: Data Vault
Data Vault Root: Local evidence | The Data Vault
CIK: 0000882291
Company ID: n/a
Selected Annual Source: Data Vault | sec/companyfacts/cik=0000882291/companyfacts.json
Selected Quarterly Source: Data Vault | sec/companyfacts/cik=0000882291/companyfacts.json
Statement Extractor: companyfacts-screener-v1
View Extractor: companyfacts-screener-v1
Source Accession Count: 26
Imported At: 2026-08-02T05:40:40+00:00
Rendered At: 2026-08-16T03:29:43+00:00

Run Audit

Mary Run: f75c5d221f074da8a489fba328e8ef51
Mary As Of: 2026-07-18
Accession: 0001683168-26-004710
CIK: 0000882291
Mary Filing Date: 2026-06-10
Filing Currency: USD
Internal Discount: 75.2%
Source State: Verified
Market Context: Not Displayed
Market Policy: internal_only_not_redistributed
Share Trend: Not Evaluated
Dilution: Needs Review

mary_run=f75c5d221f074da8a489fba328e8ef51; mary_as_of=2026-07-18; mary_filing_date=2026-06-10; mary_accession=0001683168-26-004710; mary_cik=0000882291; gnni_supporting_filing_date=2026-02-12; internal_discount=0.752397; mary_reason=Mary's deterministic net-net screen flagged this candidate. The internal discount is shown; raw market-data fields are not published in this pilot.

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