SCIENTIFIC INDUSTRIES INC

For the period ended Mar 31, 2026. Filed May 15, 2026.

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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, 2026 · Filed May 15, 2026

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Contents

Condensed Consolidated Statements of Operations and Comprehensive Loss

	For the Three Months Ended March 31,
	2026	2025
Revenues	$1,227,100	$942,300
Cost of revenues	757,200	598,000
Gross profit	469,900	344,300
Operating expenses:
General and administrative	746,900	1,028,100
Selling	687,000	753,700
Research and development	703,700	652,000
Total operating expenses	2,137,600	2,433,800
Loss from operations	(1,667,700)	(2,089,500)
Other income:
Other income (expense), net	27,000	12,200
Interest income	51,400	20,200
Total other income, net	78,400	32,400
Loss from continuing operations before income tax expense	(1,589,300)	(2,057,100)
Income tax expense	-	-
Total income tax expense	-	-
Loss from continuing operations	(1,589,300)	(2,057,100)
Discontinued Operations:
Income from discontinued operations, net of tax	-	278,600
Net loss	$(1,589,300)	$(1,778,500)
Other comprehensive gain (loss):
Foreign currency translation gain (loss)	(74,500)	124,400
Other comprehensive gain (loss)	(74,500)	124,400
Total comprehensive loss	$(1,663,800)	$(1,654,100)
Basic and Diluted income (loss) per common share:
Continuing operations	$(0.13)	$(0.19)
Discontinued operations	-	0.03
Consolidated operations	$(0.13)	$(0.16)
Weighted Average Shares Outstanding	11,928,599	10,503,599

See notes to unaudited condensed consolidated financial statements.

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