SCIENTIFIC INDUSTRIES INC
For the period ended Sep 30, 2025. Filed Nov 19, 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.
Sep 30, 2025 · Filed Nov 19, 2025
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Condensed Consolidated Statements of Operations and Comprehensive Loss
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
| For the Three Months Ended September 30, · For the Nine Months Ended September 30, | |||||
|---|---|---|---|---|---|
| 2025 · 2024 · 2025 · 2024 | |||||
| Revenues | $1,404,000 | $1,334,400 | $3,427,100 | $3,514,600 | |
| Cost of revenues | 765,400 | 654,500 | 2,064,100 | 1,963,100 | |
| Gross profit | 638,600 | 679,900 | 1,363,000 | 1,551,500 | |
| Operating expenses: | |||||
| General and administrative | 803,600 | 780,800 | 2,571,400 | 2,878,200 | |
| Selling | 735,900 | 820,900 | 2,355,400 | 2,413,100 | |
| Research and development | 621,400 | 644,000 | 1,870,900 | 1,946,000 | |
| Total operating expenses | 2,160,900 | 2,245,700 | 6,797,700 | 7,237,300 | |
| Loss from continuing operations | (1,522,300) | (1,565,800) | (5,434,700) | (5,685,800) | |
| Other income: | |||||
| Other income, net | 240,500 | 38,400 | 261,000 | 32,100 | |
| Gain on disposition of Genie Product Line (See Note 11) | 5,263,400 | - | 5,263,400 | - | |
| Interest income | 23,000 | 40,100 | 57,900 | 136,900 | |
| Total other income, net | 5,526,900 | 78,500 | 5,582,300 | 169,000 | |
| Income (loss) from continuing operations before income tax expense | 4,004,600 | (1,487,300) | 147,600 | (5,516,800) | |
| Income tax expense | (15,300) | - | (15,300) | - | |
| Income (loss) from continuing operations | $3,989,300 | (1,487,300) | $132,300 | $(5,516,800) | |
| Income from discontinued operations (see Note 11), net of tax | $5,100 | 307,200 | $559,900 | 1,001,400 | |
| Net Income (loss) | $3,994,400 | (1,180,100) | $692,200 | $(4,515,400) | |
| Comprehensive income: | |||||
| Foreign currency translation gain (loss) | (29,800) | 113,600 | 249,800 | 69,100 | |
| Comprehensive income (loss) | (29,800) | $113,600 | 249,800 | 69,100 | |
| Total comprehensive income (loss) | $3,964,600 | (1,066,500) | $942,000 | $(4,446,300) | |
| Income (loss) per share – basic and diluted | |||||
| Income (loss) from continuing operations | $0.34 | $(0.14) | $0.01 | $(0.53) | |
| Income from discontinued operations | $ | - | $0.03 | $0.05 | $0.10 |
| Total | $0.34 | $(0.11) | $0.06 | $(0.43) | |
See notes to unaudited condensed consolidated financial statements.
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