Lifeloc Technologies, Inc
For the period ended Mar 31, 2025. Filed May 15, 2025.
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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.
Mar 31, 2025 · Filed May 15, 2025
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Form 10-Q
| ☒ | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|---|
| For the quarterly period ended March 31, 2025 |
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 000-54319
(Exact name of registrant as specified in its charter)
| Colorado | 84-1053680 |
|---|---|
| (State or other jurisdiction of | (I.R.S. Employer Identification No.) |
| incorporation or organization) | |
12441 West 49th Ave., Unit 4
Wheat Ridge, Colorado 80033
(Address of principal executive offices)
(303)431-9500
(Registrant's telephone number)
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
|---|---|---|
| Common Stock | LCTC | N/A |
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 ☒*****
- The registrant is a voluntary filer of reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934, and has filed all such reports during the preceding 12 months.
Indicate by check mark whether the registrant has submitted electronically, every Interactive Data File required to be submitted and posted 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). Yes ☒ No☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act.
| Large accelerated filer ☐ | Accelerated filer ☐ |
|---|---|
| Non-accelerated filer ☐ | Smaller reporting company ☒ |
| (Do not check if a smaller reporting company) | |
| Emerging growth company ☐ | |
If an emerging growth company, indicate by check mark if the registrant has elected not 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 | 2,752,616 Shares |
|---|---|
| (Class) | (outstanding at March 31, 2025) |
FORM 10-Q
For the Three Months Ended March 31, 2025
INDEX
| Page | ||
|---|---|---|
| Number | ||
| PART I. | FINANCIAL INFORMATION | 3 |
| ITEM 1 | FINANCIAL STATEMENTS (UNAUDITED) | 3 |
| Condensed Balance Sheets as of March 31, 2025 (Unaudited) and December 31, 2024 | 3 | |
| Condensed Statements of (Loss) (Unaudited) for the three months ended March 31, 2025 and 2024 | 4 | |
| Statements of Changes in Stockholders' Equity (Unaudited) for the three months ended March 31, 2025 and 2024 | 5 | |
| Condensed Statements of Cash Flows (Unaudited) for the three months ended March 31, 2025 and 2024 | 6 | |
| Notes to Condensed Financial Statements (Unaudited) | 7 | |
| ITEM 2 | MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS | 13 |
| ITEM 3 | QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK | 18 |
| ITEM 4 | CONTROLS AND PROCEDURES | 18 |
| PART II. | OTHER INFORMATION | 19 |
| ITEM 1 | LEGAL PROCEEDINGS | 19 |
| ITEM 1A | RISK FACTORS | 19 |
| ITEM 2 | UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS | 19 |
| ITEM 3 | DEFAULTS UPON SENIOR SECURITIES | 19 |
| ITEM 4 | MINE SAFETY DISCLOSURES | 19 |
| ITEM 5 | OTHER INFORMATION | 19 |
| ITEM 6 | EXHIBITS | 20 |
| SIGNATURES | 21 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.