SCIENTIFIC INDUSTRIES INC
For the period ended Mar 31, 2025. Filed May 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.
Mar 31, 2025 · Filed May 13, 2025
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Condensed Consolidated Statements of Operations and Comprehensive Loss
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (UNAUDITED)
| For the Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Revenues | $2,406,500 | $2,483,500 |
| Cost of revenues | 1,389,900 | 1,442,700 |
| Gross profit | 1,016,600 | 1,040,800 |
| Operating expenses: | ||
| General and administrative | 1,251,300 | 1,521,800 |
| Selling | 924,200 | 897,800 |
| Research and development | 652,000 | 710,700 |
| Total operating expenses | 2,827,500 | 3,130,300 |
| Loss from operations | (1,810,900) | (2,089,500) |
| Other income: | ||
| Other income (expense), net | 12,200 | (4,300) |
| Interest income | 20,200 | 42,200 |
| Total other income, net | 32,400 | 37,900 |
| Loss from operations before income tax expense | (1,778,500) | (2,051,600) |
| Income tax expense | - | - |
| Total income tax expense | - | - |
| Net loss | $(1,778,500) | $(2,051,600) |
| Comprehensive gain (loss): | ||
| Foreign currency translation gain (loss) | 124,400 | (60,300) |
| Comprehensive gain (loss) | 124,400 | (60,300) |
| Total comprehensive loss | $(1,654,100) | $(2,111,900) |
| Basic and Diluted loss per common share | $(0.16) | $(0.20) |
See notes to unaudited condensed consolidated financial statements.
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