v3.25.2

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 891,400	$ 587,900
Investment securities	390,900	1,985,000
Trade accounts receivable, less allowance for doubtful accounts of $15,600 at June 30, 2025 and December 31, 2024	966,000	1,202,600
Inventories	4,393,300	4,085,900
Income tax receivable	73,600	73,600
Prepaid expenses and other current assets	495,200	352,700
Total current assets	7,210,400	8,287,700
Property and equipment, net	906,600	885,000
Goodwill	115,300	115,300
Other intangible assets, net	530,800	752,300
Operating lease right-of-use assets	856,800	947,900
Other assets	58,700	63,100
Total assets	10,226,400	11,560,800
Current liabilities:
Accounts payable	651,400	586,100
Accrued expenses	687,900	790,100
Contract liabilities	57,200	63,500
Lease liabilities, current portion	299,400	307,300
Total current liabilities	1,695,900	1,747,000
Lease liabilities, less current portion	606,300	694,400
Total liabilities	2,230,700	2,441,400
Shareholders' equity:
Common stock, $0.05 par value; 30,000,000 shares authorized; 11,553,599, shares issued and outstanding at June 30, 2025 and 10,503,599 shares issued and outstanding at December 31, 2024	577,700	525,200
Additional paid-in capital	44,412,700	42,637,800
Accumulated other comprehensive gain (loss)	166,500	(113,100)
Accumulated deficit	(37,232,700)	(33,930,500)
Total shareholders' equity	7,924,200	9,119,400
Total liabilities and shareholders' equity	$ 10,226,400	$ 11,560,800

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

SCIENTIFIC INDUSTRIES INC 10-Q