$SCND
SCIENTIFIC INDUSTRIES INC

2024 Q3 Form 10-Q Financial Statement

#000165495424010640 Filed on August 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $2.769M $2.647M
YoY Change 7.1% -11.24%
Cost Of Revenue $1.406M $1.355M
YoY Change 0.1% -17.0%
Gross Profit $1.363M $1.292M
YoY Change 15.43% -4.27%
Gross Profit Margin 49.23% 48.82%
Selling, General & Admin $1.939M $1.963M
YoY Change -22.78% -32.13%
% of Gross Profit 142.21% 151.86%
Research & Development $683.2K $666.0K
YoY Change -23.74% -2.7%
% of Gross Profit 50.12% 51.53%
Depreciation & Amortization $188.1K $189.2K
YoY Change -0.05% -0.73%
% of Gross Profit 13.8% 14.64%
Operating Expenses $2.622M $2.629M
YoY Change -23.03% -26.5%
Operating Profit -$1.259M -$1.336M
YoY Change -43.44% -39.98%
Interest Expense $40.10K $54.60K
YoY Change 111.05% 47.57%
% of Operating Profit
Other Income/Expense, Net $78.50K $52.60K
YoY Change 223.05% 27.98%
Pretax Income -$1.180M -$1.284M
YoY Change -46.39% -41.26%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$1.180M -$1.284M
YoY Change -46.39% -44.0%
Net Earnings / Revenue -42.62% -48.49%
Basic Earnings Per Share
Diluted Earnings Per Share -$0.11 -$0.12
COMMON SHARES
Basic Shares Outstanding 10.50M shares 10.50M shares
Diluted Shares Outstanding 10.50M shares 10.50M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.028M $3.856M
YoY Change 128.51% 54.93%
Cash & Equivalents $563.5K $560.5K
Short-Term Investments $2.464M $3.295M
Other Short-Term Assets $405.1K $444.6K
YoY Change -34.62% -17.25%
Inventory $5.385M $5.396M
Prepaid Expenses
Receivables $1.357M $1.215M
Other Receivables $73.60K $73.60K
Total Short-Term Assets $9.652M $10.39M
YoY Change 12.6% 9.86%
LONG-TERM ASSETS
Property, Plant & Equipment $970.5K $999.8K
YoY Change -11.28% -14.43%
Goodwill $115.3K $115.3K
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $59.40K $59.40K
YoY Change 2.06% 2.06%
Total Long-Term Assets $3.655M $3.889M
YoY Change -18.35% -18.06%
TOTAL ASSETS
Total Short-Term Assets $9.652M $10.39M
Total Long-Term Assets $3.655M $3.889M
Total Assets $13.31M $14.28M
YoY Change 1.98% 0.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $615.3K $712.6K
YoY Change -43.82% 11.2%
Accrued Expenses $623.6K $685.9K
YoY Change -23.09% -25.94%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.611M $1.774M
YoY Change -26.22% 3.51%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $761.7K $819.4K
YoY Change -22.85% -29.17%
Total Long-Term Liabilities $761.7K $819.4K
YoY Change -22.85% -29.17%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.611M $1.774M
Total Long-Term Liabilities $761.7K $819.4K
Total Liabilities $2.372M $2.593M
YoY Change -25.17% -9.66%
SHAREHOLDERS EQUITY
Retained Earnings -$32.00M -$30.82M
YoY Change 26.67% 33.65%
Common Stock $42.85M $42.53M
YoY Change 12135.09% 12043.86%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $10.93M $11.68M
YoY Change
Total Liabilities & Shareholders Equity $13.31M $14.28M
YoY Change 1.98% 0.53%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income -$1.180M -$1.284M
YoY Change -46.39% -44.0%
Depreciation, Depletion And Amortization $188.1K $189.2K
YoY Change -0.05% -0.73%
Cash From Operating Activities -$867.8K -$871.7K
YoY Change -25.31% -54.48%
INVESTING ACTIVITIES
Capital Expenditures $3.800K $24.70K
YoY Change -67.52% -59.11%
Acquisitions
YoY Change
Other Investing Activities $863.0K $1.115M
YoY Change -16.99% -27.58%
Cash From Investing Activities $859.2K $1.090M
YoY Change -16.41% -26.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 0.000
YoY Change -100.0%
NET CHANGE
Cash From Operating Activities -867.8K -871.7K
Cash From Investing Activities 859.2K 1.090M
Cash From Financing Activities 0.000 0.000
Net Change In Cash -8.600K 218.4K
YoY Change -92.87% -150.08%
FREE CASH FLOW
Cash From Operating Activities -$867.8K -$871.7K
Capital Expenditures $3.800K $24.70K
Free Cash Flow -$871.6K -$896.4K
YoY Change -25.73% -54.62%

Facts In Submission

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CY2023Q2 scnd Unrealized Holding Gain On Investment Securities Net Of Tax
UnrealizedHoldingGainOnInvestmentSecuritiesNetOfTax
-2100 usd
CY2023Q2 scnd Retirement Of Treasury Stock Amount
RetirementOfTreasuryStockAmount
0 usd
CY2023Q2 us-gaap Share Based Compensation
ShareBasedCompensation
584700 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
11329100 usd
us-gaap Profit Loss
ProfitLoss
3335200 usd
us-gaap Profit Loss
ProfitLoss
4662500 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
377300 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
378500 usd
us-gaap Share Based Compensation
ShareBasedCompensation
530200 usd
us-gaap Share Based Compensation
ShareBasedCompensation
1187300 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0 usd
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
-3500 usd
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
-105000 usd
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
12700 usd
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
155100 usd
scnd Carrying Value Of Right Of Use Assets
CarryingValueOfRightOfUseAssets
167400 usd
scnd Carrying Value Of Right Of Use Assets
CarryingValueOfRightOfUseAssets
136000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
57800 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-188200 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-88800 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
471600 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
31200 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
77100 usd
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-87800 usd
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-108800 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
500 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-270100 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-94200 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
137900 usd
scnd Increase Decrease In Contract Liabilities
IncreaseDecreaseInContractLiabilities
5100 usd
scnd Increase Decrease In Contract Liabilities
IncreaseDecreaseInContractLiabilities
-126100 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-168300 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-138900 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2436800 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-3659700 usd
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
479000 usd
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
941500 usd
us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
2121900 usd
us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
3420300 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
72200 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
106200 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
1570700 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
2372600 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
716800 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
71100 usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
645700 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
0 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-15200 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4500 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-235600 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1282600 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
796100 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1927100 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
560500 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
644500 usd
CY2024Q2 scnd Earning Per Share Basic And Diluted
EarningPerShareBasicAndDiluted
-0.12
CY2023Q2 scnd Earning Per Share Basic And Diluted
EarningPerShareBasicAndDiluted
-0.33
scnd Earning Per Share Basic And Diluted
EarningPerShareBasicAndDiluted
-0.32
scnd Earning Per Share Basic And Diluted
EarningPerShareBasicAndDiluted
-0.67
CY2024Q2 us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
0.10 pure
us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
0.10 pure

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