ENCISION INC
For the period ended Mar 31, 2025. Filed Jul 10, 2025.
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FY2025 · Filed Jul 10, 2025
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Balance Sheets as of March 31, 2025 and 2024
Balance Sheets
| March 31, 2025 | March 31, 2024 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash | $257,433 | $42,509 |
| Accounts receivable | 786,471 | 891,129 |
| Inventories, net | 1,483,182 | 1,402,338 |
| Prepaid expenses | 85,679 | 90,298 |
| Total current assets | 2,612,765 | 2,426,274 |
| Equipment: | ||
| Furniture, fixtures and equipment, at cost | 2,585,446 | 2,627,726 |
| Accumulated depreciation | (2,340,689) | (2,373,722) |
| Equipment, net | 244,757 | 254,004 |
| Right of use asset | 568,395 | 900,787 |
| Patents, net | 171,890 | 164,010 |
| Other assets | 72,892 | 65,641 |
| TOTAL ASSETS | $3,670,699 | $3,810,716 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $346,900 | $346,049 |
| Line of credit | 395,964 | — |
| Secured notes | 44,128 | 47,194 |
| Accrued compensation | 180,850 | 184,913 |
| Deferred Revenue | 17,401 | — |
| Other accrued liabilities | 160,274 | 119,804 |
| Accrued lease liability | 430,398 | 370,377 |
| Total current liabilities | 1,575,915 | 1,068,337 |
| Long-term liability: | ||
| Secured notes | 177,470 | 219,021 |
| Accrued lease liability | 266,212 | 696,610 |
| Total liabilities | 2,019,597 | 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 issued and outstanding at March 31, 2025 and 11,858,627 at March 31, 2024 | 24,416,347 | 24,371,795 |
| Accumulated (deficit) | (22,765,245) | (22,545,047) |
| Total shareholders’ equity | 1,651,102 | 1,826,748 |
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $3,670,699 | $3,810,716 |
** Encision Inc.**
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.