PRECISION OPTICS CORPORATION INC
For the period ended Jun 30, 2024. Filed Sep 30, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Sep 30, 2024
POCI$5.08+1.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets at June 30, 2024 and 2023
| 2024 | 2023 | |
|---|---|---|
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | $405,278 | $2,925,852 |
| Accounts receivable, net of allowance for credit losses of $118,872 at June 30, 2024 and $606,715 at June 30, 2023 | 3,545,491 | 3,907,407 |
| Inventories | 2,868,100 | 2,776,216 |
| Prepaid expenses | 299,364 | 249,681 |
| Total current assets | 7,118,233 | 9,859,156 |
| Fixed Assets: | ||
| Machinery and equipment | 3,341,194 | 3,227,481 |
| Leasehold improvements | 810,914 | 825,752 |
| Furniture and fixtures | 416,425 | 242,865 |
| Total fixed assets | 4,568,533 | 4,296,098 |
| Less—Accumulated depreciation and amortization | 4,074,960 | 3,862,578 |
| Net fixed assets | 493,573 | 433,520 |
| Operating lease right-of-use asset | 189,999 | 358,437 |
| Patents, net | 286,559 | 265,111 |
| Goodwill | 8,824,210 | 8,824,210 |
| Total other assets | 9,300,768 | 9,447,758 |
| TOTAL ASSETS | $16,912,574 | $19,740,434 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current Liabilities: | ||
| Revolving line of credit | $1,000,000 | $– |
| Current portion of capital lease obligation | 41,113 | 43,209 |
| Current maturities of long-term debt | 276,928 | 513,259 |
| Accounts payable | 1,397,313 | 2,432,264 |
| Customer advances | 1,172,350 | 1,174,690 |
| Accrued compensation and other | 840,662 | 927,521 |
| Operating lease liability | 178,450 | 168,677 |
| Total current liabilities | 4,906,816 | 5,259,620 |
| Capital lease obligation, net of current portion | 27,369 | 68,482 |
| Long-term debt, net of current maturities | 1,899,052 | 2,175,980 |
| Operating lease liability, net of current portion | 11,549 | 189,760 |
| Total liabilities | 6,844,786 | 7,693,842 |
| Stockholders’ Equity: | ||
| Common stock, $0.01 par value: 50,000,000 shares authorized; issued and outstanding – 6,073,939 shares at June 30, 2024 and 6,066,518 shares at June 30, 2023 | 60,739 | 60,665 |
| Additional paid-in capital | 61,197,433 | 60,224,934 |
| Accumulated deficit | (51,190,384) | (48,239,007) |
| Total stockholders’ equity | 10,067,788 | 12,046,592 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $16,912,574 | $19,740,434 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.