SCIENTIFIC INDUSTRIES INC

For the period ended Jun 30, 2024. Filed Aug 14, 2024.

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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.

Jun 30, 2024 · Filed Aug 14, 2024

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Contents

Condensed Consolidated Statements of Operations and Comprehensive Loss

(UNAUDITED)

For the Three Months Ended June 30, · For the Six Months Ended June 30,
2024 · 2023 · 2024 · 2023
Revenues		$2,647,300	$2,982,500		$5,130,800		$5,787,900
Cost of revenues		1,354,900	1,632,500		2,797,600		3,099,900
Gross profit		1,292,400	1,350,000		2,333,200		2,688,000
Operating expenses:
General and administrative		1,062,000	1,299,900		2,583,800		2,869,200
Selling		900,600	1,591,800		1,798,400		3,036,600
Research and development		666,000	684,500		1,376,700		1,476,000
Total operating expenses		2,628,600	3,576,200		5,758,900		7,381,800
Loss from operations		(1,336,200)	(2,226,200)		(3,425,700)		(4,693,800)
Other income:
Other income (expense), net		(2,000)	4,100		(6,300)		90,400
Interest income		54,600	37,000		96,800		46,400
Total other income, net		52,600	41,100		90,500		136,800
Loss from continuing operations before income tax expense benefit		(1,283,600)	(2,185,100)		(3,335,200)		(4,557,000)
Income tax expense		-	108,800		-		108,800
Loss from continuing operations		(1,283,600)	(2,293,900)		(3,335,200)		(4,665,800)
Discontinued operations:
Gain from discontinued operations, net of tax		-	$1,900		-		3,300
Net loss		$(1,283,600)	(2,292,000)		$(3,335,200)		$(4,662,500)
Comprehensive gain (loss):
Unrealized holding (loss) on investment securities, net of tax		-	(2,100)		-		1,600
Foreign currency translation (loss) gain		15,800	(30,100)		(44,500)		10,100
Comprehensive (loss) gain		15,800	$(32,200)		(44,500)		11,700
Total comprehensive loss		$(1,267,800)	(2,324,200)		$(3,379,700)		$(4,650,800)
Basic and Diluted loss per common share
Continuing operations		$(0.12)	$(0.33)		$(0.32)		$(0.67)
Discontinued operations	$	-	-	$	-	$	-
Consolidated operations		$(0.12)	(0.33)		$(0.32)		$(0.67)

See notes to unaudited condensed consolidated 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.