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Midas Edge

SCIENTIFIC INDUSTRIES INC

For the period ended Sep 30, 2024. Filed Nov 14, 2024.

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.

Sep 30, 2024 · Filed Nov 14, 2024

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Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Condensed Consolidated Statements of Changes in Shareholders’ Equity

SCIENTIFIC INDUSTRIES**, INC. AND SUBSIDIARIES**

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (UNAUDITED)

Accumulated
Additional · Other · Total
Common Stock · Paid-in · Comprehensive · Accumulated · Treasury Stock · Stockholders’
Shares · Amount · Capital · Income (Loss) · Deficit · Shares · Amount · Equity
Balance December 31, 202310,145,211$507,300$40,844,600$18,600$(27,485,100)$$13,885,400
Net loss----(2,051,600)--(2,051,600)
Issuance of Common Stock and Warrants, net of issuance costs (Note 7)358,38817,900204,000---221,900
Fair value modification of warrants recorded as stock issuance costs--423,800---423,800
Foreign currency translation adjustment---(60,300)---(60,300)
Stock-based compensation--199,900----199,900
Balance March 31, 202410,503,599$525,200$41,672,300(41,700)$(29,536,700)-$-$12,619,100
Net loss----(1,283,600)--(1,283,600)
Foreign currency translation adjustment---15,800---15,800
Stock-based compensation--330,300----330,300
Balance June 30, 202410,503,599$525,200$42,002,600(25,900)$(30,820,300)-$-$11,681,600
Net loss----(1,180,100)--(1,180,100)
Foreign currency translation adjustment---113,600---113,600
Stock-based compensation--319,500----319,500
Balance September 30, 202410,503,599$525,200$42,322,10087,700$(32,000,400)-$-$10,934,600
Accumulated
Additional · Other · Total
Common Stock · Paid-in · Comprehensive · Accumulated · Treasury Stock · Stockholders’
Shares · Amount · Capital · Income (Loss) · Deficit · Shares · Amount · Equity
Balance December 31, 20227,023,401$351,200$32,900,800$(8,400)$(18,398,600)19,802$52,400$14,792,600
Net loss----(2,370,500)--(2,370,500)
Foreign currency translation adjustment---40,200---40,200
Unrealized holding gain on investment securities, net of tax---3,700---3,700
Stock-based compensation--602,600----602,600
Balance March 31, 20237,023,401$351,200$33,503,40035,500$(20,769,100)19,802$52,400$13,068,600
Net loss----(2,292,000)--(2,292,000)
Foreign currency translation adjustment---(30,100)---(30,100)
Unrealized holding loss on investment securities, net of tax---(2,100)---(2,100)
Retirement of treasury stock(19,802)(1,000)(51,400)--(19,802)(52,400)-
Stock-based compensation--584,700----584,700
Balance June 30, 20237,003,599$350,200$34,036,7003,300$(23,061,100)-$-$11,329,100
Net loss----(2,201,000)--(2,201,000)
Foreign currency translation adjustment---(95,700)---(95,700)
Stock-based compensation--845,700----845,700
Balance September 30, 20237,003,599$350,200$34,882,400(92,400)$(25,262,200)-$-$9,878,000
ContentsView on SEC.gov

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