Scientific Industries Inc (SCND) Financial Statements (2024 and earlier)

Company Profile

Business Address 70 ORVILLE DR
BOHEMIA, NY 11716
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3826 - Laboratory Analytical Instruments (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
3/31/2023
MRQ
6/30/2022
6/30/2021
6/30/2020
6/30/2019
6/30/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,0792,9719,6757,5601,6031,053
Cash and cash equivalents1,0792,9719,6757,5601,6031,053
Receivables1,1731,5011,2951,0641,9741,722
Inventory, net of allowances, customer advances and progress billings5,1934,6962,9772,8852,5922,268
Inventory5,1934,6962,9772,8852,5922,268
Disposal group, including discontinued operation  055   
Other undisclosed current assets4,0277,1004,429779422348
Total current assets:11,47316,26918,43112,2876,5915,392
Noncurrent Assets
Inventory, Noncurrent620     
Operating lease, right-of-use asset1,2991,476665803
Property, plant and equipment1,1651,006413280319200
Long-term investments and receivables      245
Accounts and financing receivable, after allowance for credit loss      245
Intangible assets, net (including goodwill)1,7488,5556,9538348801,044
Goodwill1154,3954,395705705705
Intangible assets, net (excluding goodwill)1,6334,1602,558129175339
Other noncurrent assets586254565553
Other undisclosed noncurrent assets  1,6642,490537431393
Total noncurrent assets:4,89112,76210,5752,5101,6851,934
TOTAL ASSETS:16,36429,03229,00614,7978,2767,326
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,9241,9021,0871,1541,1771,086
Accounts payable9711,106454355569428
Accrued liabilities953796634800608658
Debt  322431406
Disposal group, including discontinued operation   37   
Business combination, contingent consideration, liability   (90)   
Other undisclosed current liabilities215328931991268182
Total current liabilities:2,1392,2302,2872,1881,5851,273
Noncurrent Liabilities
Long-term debt and lease obligation:  1,240461641  
Liabilities, other than long-term debt1,157 11  60
Accounts payable and accrued liabilities      60
Other liabilities   11   
Operating lease, liability1,1571,240461641
Other undisclosed noncurrent liabilities  (1,240)23(394)350290
Total noncurrent liabilities:1,1571,240495888350350
Total liabilities:3,2953,4702,7823,0761,9351,623
Equity
Equity, attributable to parent13,06925,56226,22511,7216,3415,702
Common stock3513513241447676
Treasury stock, value (52)(52)(52)(52)(52)(52)
Additional paid in capital33,50331,66426,6148,6082,5932,546
Accumulated other comprehensive income (loss)36(106)(9)  1
Retained earnings (accumulated deficit)(20,769)(6,296)(651)3,0213,7253,132
Total equity:13,06925,56226,22511,7216,3415,702
TOTAL LIABILITIES AND EQUITY:16,36429,03229,00614,7978,2767,326

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
3/31/2023
TTM
6/30/2022
6/30/2021
6/30/2020
6/30/2019
6/30/2018
Other undisclosed loss before gain (loss) on sale of properties(3)   
Revenues11,11711,4019,7758,57010,2008,481
Cost of revenue(5,616)(5,664)(4,800)(4,717)(5,833)(5,260)
Gross profit:5,5025,7374,9753,8534,3673,222
Operating expenses(13,558)(13,001)(9,684)(4,989)(3,591)(3,227)
Other undisclosed operating loss    (1)  
Operating income (loss):(8,057)(7,264)(4,709)(1,136)776(6)
Nonoperating income (expense)96 (489)29(4)9
Investment income, nonoperating   821336
Other nonoperating income (expense)86 (572)16(8)3
Interest and debt expense  (434)(531) (2)(2)
Other undisclosed loss from continuing operations before equity method investments, income taxes (434)     
Income (loss) from continuing operations before equity method investments, income taxes:(8,395)(7,698)(5,729)(1,108)7701
Other undisclosed income (loss) from continuing operations before income taxes1666961,674(32)  
Income (loss) from continuing operations before income taxes:(8,229)(7,002)(4,055)(1,140)7701
Income tax expense (benefit)1,0291,349 437(125)(162)
Income (loss) from continuing operations:(7,200)(5,653)(4,055)(703)646(161)
Income (loss) before gain (loss) on sale of properties:(4,839)(5,653)(4,618)(703)646(161)
Income (loss) from discontinued operations(6) (563)   
Other undisclosed net income6,7536,058    
Net income (loss):(457)405(4,618)(703)646(161)
Other undisclosed net income (loss) attributable to parent(6,745)(6,050)945   
Net income (loss) available to common stockholders, diluted:(7,202)(5,644)(3,673)(703)646(161)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
3/31/2023
TTM
6/30/2022
6/30/2021
6/30/2020
6/30/2019
6/30/2018
Net income (loss):(457)405(4,618)(703)646(161)
Other comprehensive loss(261)(86)(9)   
Comprehensive income (loss):(717)319(4,627)(703)646(161)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(4,741)    5
Comprehensive income (loss), net of tax, attributable to parent:(5,458)319(4,627)(703)646(156)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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