B will then decrypt the message by utilizing his non-public key. In a concurrent non-public placement, the corporate additionally entered right into a securities buy settlement with sure institutional buyers, pursuant to which the corporate agreed to promote and concern to the purchasers warrants to buy as much as an aggregate of 942,689 shares of our widespread inventory at an train worth of $2.Seventy five per share. Subsequent to December 31, 2019, the corporate performed a registered direct providing of an aggregate of 1,885,378 shares of frequent inventory at a purchase order value per share of $2.00, for aggregate gross proceeds of roughly $3.77 million, earlier than deducting charges payable to the funding financial institution and different estimated providing bills payable by us. Additionally subsequent to December 31, 2019, traders that participated within the December 2019 Public Providing exercised excellent warrants to buy an aggregate of 2,591,167 shares of our frequent inventory for aggregate money proceeds to the corporate of roughly $3.89 million earlier than bills.
On February 7, 2020, the Securities and Change Fee (SEC) issued an Order of Suspension of Trading (the “SEC Order”), quickly suspending trading in Aethlon Medical, Inc. (“Aethlon” or the “Firm”) inventory for a interval of ten days. We’re unable to foretell the result of the SEC Order or another actions the SEC might take in connection therewith. The corporate intends to cooperate totally with the SEC on this matter. At December 31, 2019, the corporate had a money steadiness of roughly $4.1 million. The FinexArena unaudited condensed consolidated steadiness sheet for December 31, 2019 and the unaudited condensed consolidated statements of operations for the three and 9 months ended December 31, 2019 and 2018 comply with at the tip of this launch.
Different earnings (expense) throughout the three months ended December 31, 2019 consisted of curiosity expense and a achieve on share for warrant exchanges and throughout the three months ended December 31, 2018, consisted of curiosity expense solely. The $58,000 improve normally and administrative bills in 2019 was primarily on account of the mixture of a $29,000 improve in our clinical trial bills and an $18,000 enhance in licenses and allowing prices.