Scientific Industries Inc (SCND) financial statements (2022 and earlier)

Company profile

Business Address 70 ORVILLE DR
BOHEMIA, NY 11716
State of Incorp. DE
Fiscal Year End June 30
SIC 3826 - Laboratory Analytical Instruments (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,2979,6757,5601,6031,0531,3211,535
Cash and cash equivalents4,2979,6757,5601,6031,0531,0251,245
Short-term investments     296290
Receivables1,3451,2951,0641,9741,7221,4241,232
Inventory, net of allowances, customer advances and progress billings3,6152,9772,8852,5922,2681,9612,412
Inventory3,6152,9772,8852,5922,2681,9612,412
Disposal group, including discontinued operation1155     
Other undisclosed current assets7,5204,429779422348209188
Total current assets:16,78718,43112,2876,5915,3924,9165,367
Noncurrent Assets
Operating lease, right-of-use asset1,511665803
Property, plant and equipment523413280319200199251
Long-term investments and receivables    245  
Accounts and financing receivable, after allowance for credit loss    245  
Intangible assets, net (including goodwill)9,0966,9538348801,0441,2841,603
Goodwill4,3954,395705705705705705
Intangible assets, net (excluding goodwill)4,7012,558129175339579898
Other noncurrent assets63545655535353
Other undisclosed noncurrent assets8732,490537431393376276
Total noncurrent assets:12,06510,5752,5101,6851,9341,9122,182
TOTAL ASSETS:28,85329,00614,7978,2767,3266,8287,549
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,5161,0871,1541,1771,0866301,192
Accounts payable915454355569428139342
Accrued liabilities602634800608658491850
Debt15832243140676
Disposal group, including discontinued operation1337     
Business combination, contingent consideration, liability (90)     
Other undisclosed current liabilities276931991268182176137
Total current liabilities:1,9642,2872,1881,5851,2738131,335
Noncurrent Liabilities
Long-term debt and lease obligation1,399461641    
Operating lease, liability1,399461641
Liabilities, other than long-term debt 11  606060
Accounts payable and accrued liabilities    606060
Other liabilities 11     
Other undisclosed noncurrent liabilities(1,399)23(394)350290127222
Total noncurrent liabilities:1,399495888350350187282
Total liabilities:3,3632,7823,0761,9351,6231,0001,617
Stockholders' equity
Stockholders' equity attributable to parent25,49026,22511,7216,3415,7025,8285,932
Common stock32432414476767675
Treasury stock, value(52)(52)(52)(52)(52)(52)(52)
Additional paid in capital27,88026,6148,6082,5932,5462,5162,499
Accumulated other comprehensive income (loss)94(9)  1(4)1
Retained earnings (accumulated deficit)(2,756)(651)3,0213,7253,1323,2923,410
Other undisclosed stockholders' equity52      
Total stockholders' equity:25,54226,22511,7216,3415,7025,8285,932
Other undisclosed liabilities and equity(52)      
TOTAL LIABILITIES AND EQUITY:28,85329,00614,7978,2767,3266,8287,549

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

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Revenues10,7979,7758,57010,2008,4818,1499,598
Revenue, net 8,1499,598
Cost of revenue(5,362)(4,800)(4,717)(5,833)(5,260)(5,270)(5,680)
Cost of goods and services sold     (5,270)(5,680)
Gross profit:5,4354,9753,8534,3673,2222,8793,917
Operating expenses(13,073)(9,684)(4,989)(3,591)(3,227)(3,040)(3,672)
Other undisclosed operating loss  (1)    
Operating income (loss):(7,638)(4,709)(1,136)776(6)(160)245
Nonoperating income (expense)(31)(489)29(4)9178
Investment income, nonoperating 821336116
Other nonoperating income (expense)6(572)16(8)362
Interest and debt expense (531) (2)(2)(3)(34)
Other undisclosed loss from continuing operations before equity method investments, income taxes(531)      
Income (loss) from continuing operations before equity method investments, income taxes:(8,200)(5,729)(1,108)7701(147)219
Other undisclosed income (loss) from continuing operations before income taxes4,3091,674(32)    
Income (loss) from continuing operations before income taxes:(3,891)(4,055)(1,140)7701(147)219
Income tax expense (benefit)643 437(125)(162)74(53)
Income (loss) from continuing operations:(3,248)(4,055)(703)646(161)(73)166
Income (loss) from discontinued operations33(563)     
Income (loss) before gain (loss) on sale of properties:(3,215)(4,618)(703)646(161)(73)166
Other undisclosed net income1,614      
Net income (loss):(1,600)(4,618)(703)646(161)(73)166
Other undisclosed net income (loss) attributable to parent(3,302)945     
Net income (loss) available to common stockholders, diluted:(4,902)(3,673)(703)646(161)(73)166

Comprehensive Income ($ in thousands)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Net income (loss):(1,600)(4,618)(703)646(161)(73)166
Other comprehensive income (loss)104(9)     
Other undisclosed comprehensive loss(9)      
Comprehensive income (loss):(1,506)(4,627)(703)646(161)(73)166
Other undisclosed comprehensive income (loss), net of tax, attributable to parent    5(4)4
Comprehensive income (loss), net of tax, attributable to parent:(1,506)(4,627)(703)646(156)(77)170

Statements sources

The financial statements are based on the company's filings with the 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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