Modular Medical Inc
For the period ended Mar 31, 2025. Filed Jun 20, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Jun 20, 2025
MODD$1.85+39.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
(In thousands, except par value)
| March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| ASSETS | ||
| CURRENT ASSETS | ||
| Cash and cash equivalents | $13,095 | $9,232 |
| Prepaid expenses and other | 422 | 465 |
| TOTAL CURRENT ASSETS | 13,517 | 9,697 |
| Property and equipment, net | 4,453 | 2,975 |
| Right of use assets, net | 765 | 1,135 |
| TOTAL NON-CURRENT ASSETS | 5,218 | 4,110 |
| TOTAL ASSETS | $18,735 | $13,807 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| CURRENT LIABILITIES | ||
| Accounts payable | $338 | $802 |
| Accrued expenses | 504 | 280 |
| Short-term lease liabilities | 423 | 373 |
| TOTAL CURRENT LIABILITIES | 1,265 | 1,455 |
| Long-term lease liabilities | 393 | 817 |
| TOTAL LIABILITIES | 1,658 | 2,272 |
| Commitments and Contingencies (Note 7) | ||
| STOCKHOLDERS’ EQUITY | ||
| Preferred Stock, $0.001 par value, 5,000 shares authorized, none issued and outstanding | — | — |
| Common Stock, $0.001 par value, 100,000 shares authorized as of March 31, 2025 and 2024; 53,706 and 32,464 shares issued and outstanding as of March 31, 2025 and 2024, respectively | 54 | 32 |
| Additional paid-in capital | 101,776 | 77,432 |
| Accumulated deficit | (84,753) | (65,929) |
| TOTAL STOCKHOLDERS’ EQUITY | 17,077 | 11,535 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $18,735 | $13,807 |
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