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ENCISION INC

For the period ended Jun 30, 2024. Filed Aug 14, 2024.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2024 · Filed Aug 14, 2024

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 21549

Form 10-Q

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2024

OR

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from __________ to________

Commission file number:001-11789

(Exact name of registrant as specified in its charter)

Colorado84-1162056
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)

6797 Winchester Circle

Boulder, Colorado 80301

(Address of principal executive offices)

(303) 444-2600

(Registrant’s telephone number)

Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, no par valueECIAOTC Bulletin Board

Securities registered under Section 12(g) of the Act:None

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes ☒ No☐

Indicate by check mark whether the registrant has submitted electronically, if any, every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” , “smaller reporting company” and “emerging growth” in Rule 12b-2 of the Exchange Act.

Large accelerated filer ☐Accelerated filer ☐
Non-accelerated Filer ☒Smaller reporting company ☒
Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐ No ☒

Indicate the number of shares outstanding of each of the issuer’s classes of common equity, as of the latest practicable date:

Common Stock no par value (Class)11,875,145 Shares (outstanding at July 31, 2024)

FORM 10-Q

** For the Three Months ended June 30, 2024**

INDEX

Page Number
PART I.FINANCIAL INFORMATION1
ITEM 1 -Condensed Unaudited Interim Financial Statements:1
Condensed Unaudited Balance Sheets as of June 30, 2024 and Audited Balance Sheets as of March 31, 20241
Condensed Unaudited Statements of Operations for the Three Months Ended June 30, 2024 and 20232
Condensed Unaudited Statements of Cash Flows for the Three Months Ended June 30, 2024 and 20233
Notes to Condensed Unaudited Interim Financial Statements4
ITEM 2 -Management’s Discussion and Analysis of Financial Condition and Results of Operations9
ITEM 3 -Quantitative and Qualitative Disclosures About Market Risk15
ITEM 4 -Controls and Procedures16
PART II.OTHER INFORMATION17
ITEM 1 -Legal Proceedings17
ITEM 1A -Risk Factors17
ITEM 2 -Unregistered Sales of Equity Securities and Use of Proceeds17
ITEM 3 -Defaults Upon Senior Securities17
ITEM 4 -Mine Safety Disclosures17
ITEM 5 -Other Information17
ITEM 6 -Exhibits18
SIGNATURES19
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