SCIENTIFIC INDUSTRIES INC
For the period ended Jun 30, 2026. Filed Aug 14, 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.
Jun 30, 2026 · Filed Aug 14, 2026
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Condensed Consolidated Statements of Operations and Comprehensive Loss
| For the Three Months Ended June 30, · For the Six Months Ended June 30, | ||||||
|---|---|---|---|---|---|---|
| 2026 · 2025 · 2026 · 2025 | ||||||
| Revenues | $1,470,400 | $1,081,000 | $2,697,500 | $2,023,300 | ||
| Cost of revenues | 847,700 | 704,300 | 1,604,900 | 1,302,300 | ||
| Gross profit | 622,700 | 376,700 | 1,092,600 | 721,000 | ||
| Operating expenses: | ||||||
| General and administrative | 553,900 | 744,800 | 1,300,900 | 1,774,000 | ||
| Selling | 647,100 | 774,300 | 1,334,200 | 1,528,100 | ||
| Research and development | 694,500 | 677,100 | 1,398,100 | 1,329,100 | ||
| Total operating expenses | 1,895,500 | 2,196,200 | 4,033,200 | 4,631,200 | ||
| Loss from operations | (1,272,800) | (1,819,500) | (2,940,600) | (3,910,200) | ||
| Other income: | ||||||
| Other income (expense), net | (1,400) | 8,000 | 25,700 | 20,400 | ||
| Interest income | 40,400 | 14,700 | 91,800 | 34,900 | ||
| Total other income, net | 39,000 | 22,700 | 117,500 | 55,300 | ||
| Loss from operations before income tax expense | (1,233,800) | (1,796,800) | (2,823,100) | (3,854,900) | ||
| Income tax expense | - | - | - | - | ||
| Loss from continuing operations | $(1,233,800) | (1,796,800) | $(2,823,100) | $(3,854,900) | ||
| Discontinued Operations: | ||||||
| Income from discontinued operations, net of tax | $ | - | $273,100 | $ | - | $552,700 |
| Net loss | $(1,233,800) | $(1,523,700) | $(2,823,100) | $(3,302,200) | ||
| Comprehensive gain (loss): | ||||||
| Foreign currency translation gain (loss) | 30,100 | 155,200 | (44,400) | 279,600 | ||
| Comprehensive gain (loss) | 30,100 | $155,200 | (44,400) | 279,600 | ||
| Total comprehensive loss | $(1,203,700) | (1,368,500) | $(2,867,500) | $(3,022,600) | ||
| Basic and Diluted income (loss) per common share: | ||||||
| Continuing operations | $(0.10) | $(0.16) | $(0.24) | $(0.35) | ||
| Discontinued operations | - | 0.03 | - | 0.05 | ||
| Consolidated operations | $(0.10) | $(0.13) | $(0.24) | $(0.30) | ||
| Weighted Average Shares Outstanding | 11,928,599 | 11,345,907 | 11,928,599 | 10,867,040 | ||
See notes to unaudited condensed consolidated financial statements.
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