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Midas Edge

Lifeloc Technologies, Inc

For the period ended Jun 30, 2025. Filed Aug 11, 2025.

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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, 2025 · Filed Aug 11, 2025

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See the whole filing, with its images and exhibits
Contents

Item 1. FINANCIAL STATEMENTS (UNAUDITED)

Condensed Balance Sheets as of June 30, 2025 and December 31, 2024 (Unaudited)3
Condensed Statements of Income (Loss) (Unaudited) for the three and six months ended June 30, 2025 and June 30, 20244
Condensed Statements of Changes in Stockholders' Equity (Unaudited) for the three and six months ended June 30, 2025 and 20246
Condensed Statements of Cash Flows (Unaudited) for the six months ended June 30, 2025 and 20247
Notes to Condensed Financial Statements (Unaudited)8
ITEM 2MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS17
ITEM 3QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK23
ITEM 4CONTROLS AND PROCEDURES23
PART II.OTHER INFORMATION24
ITEM 1LEGAL PROCEEDINGS24
ITEM 1ARISK FACTORS24
ITEM 2UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS24
ITEM 3DEFAULTS UPON SENIOR SECURITIES24
ITEM 4MINE SAFETY DISCLOSURES24
ITEM 5OTHER INFORMATION24
ITEM 6EXHIBITS25
SIGNATURES26

PART I FINANCIAL INFORMATION

LIFELOC TECHNOLOGIES, INC.

Condensed Balance Sheets (Unaudited)

ASSETS
June 30, 2025December 31, 2024
CURRENT ASSETS:
Cash and cash equivalents$995,750$1,243,746
Accounts receivable, net765,730732,541
Inventories, net2,988,7522,996,397
Federal and state income taxes receivable55,53180,560
Prepaid expenses and other160,07940,045
Total current assets4,965,8425,093,289
PROPERTY, PLANT AND EQUIPMENT:
Land317,932317,932
Building1,928,7951,928,795
Real-time Alcohol Detection And Recognition equipment and software569,448569,448
Production equipment, software and space modifications1,349,8391,349,839
Training courses432,375432,375
Office equipment, software and space modifications254,333254,333
Sales and marketing equipment and space modifications231,818226,356
Research and development equipment, software and space modifications805,012787,664
Research and development equipment, software and space modifications not in service347,448128,007
Less accumulated depreciation(3,826,061)(3,613,452)
Total property and equipment, net2,410,9392,381,297
OTHER ASSETS:
Patents, net74,91378,723
Deposits and other12,26112,261
Deferred income taxes1,159,1991,159,199
Total other assets1,246,3731,250,183
Total assets$8,623,154$8,724,769
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable$393,046$251,627
Term loan payable, current portion54,01653,195
Subordinated debentures payable, current portion16,645—
Customer and tenant deposits37,62843,814
Accrued expenses349,397293,981
Deferred revenue, current portion58,86254,458
Product warranty reserve46,50046,500
Total current liabilities956,094743,575
TERM LOAN PAYABLE, net of current portion and debt issuance costs1,086,0621,119,152
SUBORDINATED DEBENTURES PAYABLE, net of current portion and debt issuance costs687,041630,000
DEFERRED REVENUE, net of current portion6,1056,165
Total liabilities2,735,3022,498,892
COMMITMENTS AND CONTINGENCIES (Note 6)—
STOCKHOLDERS' EQUITY:
Common stock, no par value; 50,000,000 shares authorized, 2,752,616 shares outstanding (2,664,116 outstanding at December 31, 2024)5,934,3145,586,014
Retained earnings (deficit)(46,462)639,863
Total stockholders' equity5,887,8526,225,877
Total liabilities and stockholders' equity$8,623,154$8,724,769

** **The accompanying notes to the condensed financial statements are an integral part of these condensed financial statements.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.