ENCISION INC
For the period ended Dec 31, 2024. Filed Feb 14, 2025.
View on SEC.govAbout 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.
Dec 31, 2024 · Filed Feb 14, 2025
ECIAStored price and day change unavailable
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 1. Condensed Interim Financial Statements
Condensed Balance Sheets
| December 31, 2024 | March 31, 2024 | |
|---|---|---|
| Unaudited | Audited | |
| ASSETS | ||
| Current assets: | ||
| Cash | $347,919 | $42,509 |
| Accounts receivable | 779,900 | 891,129 |
| Inventories | 1,363,377 | 1,402,338 |
| Prepaid expenses | 195,455 | 90,298 |
| Total current assets | 2,686,651 | 2,426,274 |
| Equipment: | ||
| Furniture, fixtures, and equipment, at cost | 2,675,406 | 2,627,726 |
| Accumulated depreciation | (2,405,638) | (2,373,722) |
| Equipment, net | 269,768 | 254,004 |
| Right of use asset, net | 653,249 | 900,787 |
| Patents, net | 175,233 | 164,010 |
| Other assets | 73,826 | 65,641 |
| TOTAL ASSETS | 3,858,727 | 3,810,716 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $495,015 | $346,049 |
| Line of credit | 281,527 | 156,685 |
| Secured notes | 47,469 | 42,194 |
| Accrued compensation | 225,252 | 184,913 |
| Other accrued liabilities | 140,593 | 119,804 |
| Accrued lease liability | 421,467 | 370,377 |
| Total current liabilities | 1,611,323 | 1,220,022 |
| Long-term liability: | ||
| Secured notes | 182,067 | 67,336 |
| Accrued lease liability | 377,952 | 696,610 |
| Total liabilities | 2,171,342 | 1,983,968 |
| 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; 11,879,645 and 11,858,627 issued and outstanding at December 31, 2024, and March 31, 2024, respectively | 24,405,321 | 24,371,795 |
| Accumulated (deficit) | (22,717,936) | (22,545,047) |
| Total shareholders’ equity | 1,687,385 | 1,826,748 |
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $3,858,727 | $3,810,716 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.