Company: ECIA
Filing Date: 2025-07-10
Form Type: 10-K
Source: 0001079973-25-001132
Chunk: 36

Company: ENCISION INC
Filing Date: 2025-07-10
Form: 10-K
Item: Item 1
Chunk 36
---
346,049 
  
    Line of credit 
     395,964  
     — 
  
    Secured notes 
     44,128  
     47,194 
  
    Accrued compensation 
     180,850  
     184,913 
  
    Deferred Revenue 
     17,401  
     — 
  
    Other accrued liabilities 
     160,274  
     119,804 
  
    Accrued lease liability 
     430,398  
     370,377 
  
    Total current liabilities 
     1,575,915  
     1,068,337 
  
    Long-term liability: 

    Secured notes 
     177,470  
     219,021 
  
    Accrued lease liability 
     266,212  
     696,610 
  
    Total liabilities 
     2,019,597  
     1,983,968 
  
    Commitments and contingencies (Note 4) 
     —  

    Shareholders’ equity: 

    Preferred stock, no par value: 10,000,000 shares authorized; none issued and outstanding 
     —  
     — 
  
    Common stock and additional paid-in capital, no par value: 100,000,000 shares authorized; 11,879,645 issued and outstanding at March 31, 2025 and 11,858,627 at March 31, 2024 
     24,416,347  
     24,371,795 
  
    Accumulated (deficit) 
     (22,765,245) 
     (22,545,047)
  
    Total shareholders’ equity 
     1,651,102  
     1,826,748 
  
    TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 
    $3,670,699  
    $3,810,716 

The accompanying notes to financial statements
are an integral part of these statements.

23 

 Encision Inc.

Statements of Operations

    Years Ended 
    March 31, 2025  
    March 31, 2024 
  
    NET REVENUE: 

    Product 
    $6,217,687  
    $6,431,969 
  
    Service 
     337,628