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6. EQUITY TRANSACTIONS
 3 Months Ended
Jun. 30, 2014
Equity [Abstract]  
EQUITY TRANSACTIONS

COMMON STOCK AND WARRANTS

 

Aethlon Medical, Inc. Equity Transactions in the Three Months Ended June 30, 2014

 

In the three months ended June 30, 2014, we completed unit subscription agreements with seven accredited investors pursuant to which we issued 2,192,444 shares of our common stock and 1,096,222 warrants to purchase our common stock for net cash proceeds of $320,800. Such warrants have exercise prices ranging from $0.193 to $0.236 per share. 

 


As discussed above in Note 5, during the three months ended June 30, 2014, we issued stock to the holder of one of the Series A 12% Convertible Notes 15,714,286 shares of restricted common in exchange for the conversion in full of the $660,000 principal balance of that note, 7,603,968 shares of restricted common stock in exchange for conversion of $343,200 of accrued interest and 75,000 shares of restricted common stock as a restructuring fee. During that period, we also issued the other holder of the Series A 12% Convertible Notes 2,591,846 shares of restricted common stock in exchange for conversion of $116,970 of accrued interest and 25,000 shares of restricted common stock as a restructuring fee.

 

During the three months ended June 30, 2014, we issued 219,127 shares of common stock pursuant to our S-8 registration statement covering our Amended 2010 Stock Plan at an average price of $0.17 per share in payment for legal services, internal controls consulting services and regulatory consulting services collectively valued at $38,268 based on the value of the services provided.