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Midas Edge

Lifeloc Technologies, Inc

For the period ended Mar 31, 2026. Filed May 14, 2026.

View on SEC.gov

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.

Mar 31, 2026 · Filed May 14, 2026

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See the whole filing, with its images and exhibits
Contents

Item 1. FINANCIAL STATEMENTS (UNAUDITED)

Condensed Balance Sheets (Unaudited) as of March 31, 2026 and December 31, 20253
Condensed Statements of Profit (Loss) (Unaudited) for the three months ended March 31, 2026 and 20254
Statements of Changes in Stockholders’ Equity (Unaudited) for the three months ended March 31, 2026 and 20255
Condensed Statements of Cash Flows (Unaudited) for the three months ended March 31, 2026 and 20256
Notes to Condensed Financial Statements (Unaudited)7
ITEM 2MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS12
ITEM 3QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK16
ITEM 4CONTROLS AND PROCEDURES16
PART II.OTHER INFORMATION17
ITEM 1LEGAL PROCEEDINGS17
ITEM 1ARISK FACTORS17
ITEM 2UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS17
ITEM 3DEFAULTS UPON SENIOR SECURITIES17
ITEM 4MINE SAFETY DISCLOSURES17
ITEM 5OTHER INFORMATION17
ITEM 6EXHIBITS18
SIGNATURES19

PART I FINANCIAL INFORMATION

Condensed Balance Sheets (Unaudited)

ASSETS
CURRENT ASSETS:March 31, 2026December 31, 2025
Cash and cash equivalents$569,330$746,001
Accounts receivable, net850,341772,380
Inventories, net2,794,3292,633,614
Federal and state income taxes receivable55,98155,981
Prepaid expenses and other99,28260,825
Total current assets4,369,2634,268,801
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 modifications1,366,5391,366,539
Office equipment, software and space modifications197,686197,686
Sales and marketing equipment and space modifications230,543225,173
Research and development equipment, software and space modifications1,232,7901,213,195
Research and development equipment, software and space modifications not in service14,41119,595
Less accumulated depreciation(3,604,323)(3,538,455)
Total property and equipment, net2,253,8212,299,908
OTHER ASSETS:
Patents, net69,13471,039
Deposits and other46,82046,820
Total other assets115,954117,859
Total assets$6,739,038$6,686,568
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Accounts payable$615,378$301,627
Term loan payable, current portion55,27154,850
Subordinated debentures payable, current portion34,52233,371
Customer and tenant deposits10,69225,694
Accrued expenses247,670321,112
Deferred revenue, current portion54,06853,716
Product warranty reserve46,50046,500
Total current liabilities1,064,101836,870
TERM LOAN PAYABLE, net of current portion and debt issuance costs1,044,4491,058,426
SUBORDINATED DEBENTURES PAYABLE, net of current portion and debt issuance costs672,274681,343
DEFERRED REVENUE, net of current portion7,1496,151
Total liabilities2,787,9732,582,790
COMMITMENTS AND CONTINGENCIES (Note 6)—
STOCKHOLDERS’ EQUITY:
Common stock, no par value; 50,000,000 shares authorized, 2,752,616 shares outstanding5,934,3145,934,314
Accumulated deficit(1,983,249)(1,830,536)
Total stockholders’ equity3,951,0654,103,778
Total liabilities and stockholders’ equity$6,739,038$6,686,568
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.