Company: ECIA
Filing Date: 2025-07-10
Form Type: 10-K
Source: 0001079973-25-001132
Chunk: 45

Company: ENCISION INC
Filing Date: 2025-07-10
Form: 10-K
Item: Item 1
Chunk 45
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810  
     436,831 
  
    Accumulated amortization 
     (346,290) 
     (315,530)
  
    Patents issued, net of accumulated amortization 
     137,520  
     121,301 
  
    Patent applications 
     36,528  
     57,897 
  
    Accumulated amortization 
     (2,158) 
     (15,188)
  
    Patent applications, net of accumulated amortization 
     34,370  
     42,709 
  
    Total net patents and patent applications 
    $171,890  
    $164,010 

The expected annual amortization expense related
to patents and patent applications as of March 31, 2025, for the next five fiscal years, is as follows:

    Schedule of expected annual amortization expense  

    Fiscal Year  
    Amount 
  
     2025  
    $21,378 
  
     2026  
     20,472 
  
     2027  
     19,605 
  
     2028  
     17,157 
  
     Thereafter  
     93,278 
  
     Total  
    $171,890 

    29 

Other Accrued Liabilities. At March 31,
2025 and 2024, other accrued liabilities consisted of the following:

    Schedule of other accrued liabilities 

    March
    31, 2025  
    March
    31, 2024 
  
    Sales commissions 
    $34,122  
    $9,794 
  
    Sales and use tax 
     8,366  
     13,006 
  
    Marketing fees 
     9,646  
     10,631 
  
    Payroll taxes, payroll 
     23,829  
     45,172 
  
    Property Taxes 
     13,890  
     2,007 
  
    Insurance 
     41,737  
     39,194 
  
    Customer Deposit 
     27,370  
     — 
  
    Miscellaneous 
     1,314  
     — 
  
    Total other accrued liabilities 
    $160,274  
    $119,804 

Income Taxes. We account for income taxes
under the provisions