Company: ECIA
Filing Date: 2025-07-10
Form Type: 10-K
Source: 0001079973-25-001132
Chunk: 64

Company: ENCISION INC
Filing Date: 2025-07-10
Form: 10-K
Item: Item 1
Chunk 64
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 of only two persons,
one of which is our principal executive officer and the other is the principal financial officer.

39 

In order to mitigate the foregoing material weaknesses,
we have engaged an outside accounting consultant with significant experience in the preparation of financial statements in conformity
with GAAP to assist us in the preparation of our financial statements to ensure that these financial statements are prepared in conformity
with GAAP. We will continue to monitor the effectiveness of this action and make any changes that our management deems appropriate.

We would need to hire additional staff to provide
greater segregation of duties. Currently, it is not feasible to hire additional staff to obtain optimal segregation of duties. Management
will continue to reassess this matter to determine whether improvement in segregation of duty is feasible. In addition, we would need
to expand our board to include independent members.

Going forward, we intend to evaluate our processes
and procedures and, where practicable and resources permit, implement changes in order to have more effective controls over financial
reporting.

This Annual Report does not include an attestation
report of our registered public accounting firm regarding internal control over financial reporting. Management’s report was not
subject to attestation by our registered public accounting firm pursuant to the exemption provided to issuers that are not “large
accelerated filers” nor “accelerated filers” under the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Item 9B. Other Information

During the fiscal year ended March
31, 2025, no director or officer adopted or terminated any Rule 10b5-1 trading arrangement or non-Rule 10b5-1 trading
arrangement, as each term is defined in Item 408(a) of Regulation S-K.

Item 9C. Disclosure Regarding
Foreign Jurisdictions that Prevent Inspections

Not applicable.

40 

PART III

Item 10. Directors, Executive
Officers and Corporate Governance.

Information in response to this item is incorporated
by reference from the registrant's definitive proxy statement for its 2025 Annual Meeting of Shareholders to be filed within 120 days
after March 31, 2025.

Item 11. Executive Compensation.

Information in response to this item is incorporated
by reference from the registrant's definitive proxy statement for its 2025 Annual Meeting of Shareholders to be filed within 120 days
after March 31, 2025.

Item 12. Security Ownership
of Certain Beneficial Owners and