ENCISION INC
For the period ended Mar 31, 2024. Filed Jul 15, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Jul 15, 2024
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Extracted filing text, with the paragraph anchors used by the comparison.
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Balance Sheets as of March 31, 2024 and 2023
Balance Sheets
| March 31, 2024 | March 31, 2023 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash | $42,509 | $188,966 |
| Accounts receivable | 891,129 | 920,721 |
| Inventories | 1,402,338 | 1,899,202 |
| Prepaid expenses and other assets | 90,298 | 115,714 |
| Total current assets | 2,426,274 | 3,124,603 |
| Equipment: | ||
| Furniture, fixtures and equipment | 2,627,726 | 2,615,676 |
| Accumulated depreciation | (2,373,722) | (2,312,400) |
| Equipment, net | 254,004 | 303,276 |
| Right of use asset, net | 900,787 | 496,004 |
| Patents, net | 164,010 | 163,133 |
| Other assets | 65,641 | 46,953 |
| TOTAL ASSETS | $3,810,716 | $4,133,969 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $346,049 | $252,957 |
| Line of credit | 156,685 | 177,402 |
| Secured notes | 42,194 | 44,491 |
| Accrued compensation | 184,913 | 217,724 |
| Other accrued liabilities | 119,804 | 84,578 |
| Accrued lease liability | 370,377 | 353,674 |
| Total current liabilities | 1,220,022 | 1,130,826 |
| Long-term liability: | ||
| Secured notes | 67,336 | 268,512 |
| Accrued lease liability | 696,610 | 239,820 |
| Total liabilities | 1,983,968 | 1,639,158 |
| Commitments and contingencies (Note 4) | ||
| Shareholders’ equity: | ||
| Preferred stock, no par value: 10,000,000 shares authorized; none issued and outstanding | — | — |
| Common stock and additional paid-in capital, no par value: 100,000,000 shares authorized; 11,858,627 issued and outstanding at March 31, 2024 and 11,769,543 at March 31, 2023 | 24,371,795 | 24,348,075 |
| Accumulated (deficit) | (22,545,047) | (21,853,264) |
| Total shareholders’ equity | 1,826,748 | 2,494,811 |
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $3,810,716 | $4,133,969 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.