ENCISION INC
For the period ended Sep 30, 2025. Filed Nov 13, 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.
Sep 30, 2025 · Filed Nov 13, 2025
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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 September 30, 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:001-11789
(Exact name of registrant as specified in its charter)
| Colorado | 84-1162056 |
|---|---|
| (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 class | Trading Symbol(s) | Name of each exchange on which registered |
|---|---|---|
| Common Stock, no par value | ECIA | OTC 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 and posted on its corporate website, 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” and “smaller reporting company” 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. o
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) | 16,879,645 Shares (outstanding at November 10, 2025) |
|---|
FORM 10-Q
For the Three and Six Months ended September 30, 2025
INDEX
| Page Number | ||
|---|---|---|
| PART I. | FINANCIAL INFORMATION | 1 |
| ITEM 1 - | Condensed Unaudited Interim Financial Statements: | 1 |
| Condensed Unaudited Balance Sheets as of September 30, 2025, and Audited Balance Sheets as of March 31, 2025 | 1 | |
| Condensed Unaudited Statements of Operations for the Three and Six Months Ended September 30, 2025 and 2024 | 2 | |
| Condensed Unaudited Statements of Cash Flows for the Six Months Ended September 30, 2025 and 2024 | 3 | |
| Notes to Condensed Unaudited Interim Financial Statements | 4 | |
| ITEM 2 - | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 11 |
| ITEM 3 - | Quantitative and Qualitative Disclosures About Market Risk | 17 |
| 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 | |
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