Scientific Industries Inc (SCND) Financial Statements (2026 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)
Annual | Quarterly

3/31/2026
MRQ
12/31/2025
12/31/2024
12/31/2023
6/30/2022
6/30/2021
6/30/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 90 1662,9719,6757,560
Cash and cash equivalent 90 1662,9719,6757,560
Receivables8661,2031,1571,5011,2951,064
Inventory, net of allowances, customer advances and progress billings1,4014,0864,8844,6962,9772,885
Inventory1,4014,0864,8844,6962,9772,885
Disposal group, including discontinued operation273  055 
Other undisclosed current assets7,7592,9996,1347,1004,429779
Total current assets:10,3898,28812,34116,26918,43112,287
Noncurrent Assets
Inventory, Noncurrent347510609   
Operating lease, right-of-use asset9249481,2741,476665803
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization6918851,0821,006413280
Intangible asset, including goodwill, after accumulated amortization2198681,3658,5556,953834
Goodwill1151151154,3954,395705
Intangible asset, excluding goodwill, after accumulated amortization1047521,2504,1602,558129
Other noncurrent assets386359625456
Other undisclosed noncurrent assets    1,6642,490537
Total noncurrent assets:2,2193,2734,39012,76210,5752,510
TOTAL ASSETS:12,60811,56116,73129,03229,00614,797
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities8661,3761,4901,9021,0871,154
Accounts payable4495867121,106454355
Accrued liabilities417790778796634800
Debt     32243
Disposal group, including discontinued operation    37 
Business combination, contingent consideration, liability     (90) 
Other undisclosed current liabilities484371348328931991
Total current liabilities:1,3491,7471,8372,2302,2872,188
Noncurrent Liabilities
Long-term debt and lease obligation:    1,240461641
Liabilities, other than long-term debt5956941,008 11 
Other liabilities     11 
Operating lease, liability5956941,0081,240461641
Other undisclosed noncurrent liabilities    (1,240)23(394)
Total noncurrent liabilities:5956941,0081,240495888
Total liabilities:1,9452,4412,8453,4702,7823,076
Equity
Equity, attributable to parent10,6639,11913,88525,56226,22511,721
Common stock596525507351324144
Treasury stock, value    (52)(52)(52)
Additional paid in capital45,04042,63840,84531,66426,6148,608
Accumulated other comprehensive income (loss)178(113)19(106)(9) 
Retained earnings (accumulated deficit)(35,151)(33,931)(27,485)(6,296)(651)3,021
Total equity:10,6639,11913,88525,56226,22511,721
TOTAL LIABILITIES AND EQUITY:12,60811,56116,73129,03229,00614,797

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
6/30/2022
6/30/2021
6/30/2020
Revenues5,05410,71311,11211,4019,7758,570
Cost of revenue(3,751)(5,979)(6,010)(5,664)(4,800)(4,717)
Gross profit:1,3034,7345,1025,7374,9753,853
Operating expenses(9,193)(11,372)(14,362)(13,001)(9,684)(4,989)
Other undisclosed operating loss      (1)
Operating loss:(7,890)(6,638)(9,260)(7,264)(4,709)(1,136)
Nonoperating income (expense)6,114193170 (489)29
Investment income, nonoperating    8213
Other nonoperating income (expense) 19363 (572)16
Interest and debt expense    (434)(531) 
Loss from continuing operations before equity method investments, income taxes:(1,776)(6,445)(9,090)(7,698)(5,729)(1,108)
Other undisclosed income (loss) from continuing operations before income taxes    6961,674(32)
Loss from continuing operations before income taxes:(1,776)(6,445)(9,090)(7,002)(4,055)(1,140)
Income tax expense (benefit)(5)  1,349 437
Loss from continuing operations:(1,780)(6,445)(9,090)(5,653)(4,055)(703)
Loss before gain (loss) on sale of properties:✕✕✕✕(5,653)(4,618)(703)
Loss from discontinued operations    (563) 
Other undisclosed net income    6,058  
Net income (loss):(1,780)(6,445)(9,090)405(4,618)(703)
Other undisclosed net income (loss) attributable to parent560 3(6,050)945 
Net loss available to common stockholders, diluted:(1,220)(6,445)(9,087)(5,644)(3,673)(703)

Comprehensive Income ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
6/30/2022
6/30/2021
6/30/2020
Net income (loss):(1,780)(6,445)(9,090)405(4,618)(703)
Other comprehensive income (loss)241(132)(27)(86)(9) 
Comprehensive income (loss):(1,539)(6,577)(9,117)319(4,627)(703)
Other undisclosed comprehensive income, net of tax, attributable to parent560     
Comprehensive income (loss), net of tax, attributable to parent:(980)(6,577)(9,117)319(4,627)(703)

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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