Company: ECIA
Filing Date: 2025-07-10
Form Type: 10-K
Source: 0001079973-25-001132
Chunk: 33

Company: ENCISION INC
Filing Date: 2025-07-10
Form: 10-K
Item: Item 1
Chunk 33
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,685 is presented as a part of Long-term liability in the accompanying March 31,
2025 financial statements. 

Item 7A. Quantitative and Qualitative Disclosures
About Market Risk

Not required

19 

Item 8. Financial Statements and Supplementary
Data

The following financial
statements are included in this Report:

    Page

    Report
        of Independent Registered Public Accounting Firm for the fiscal year ended March 31, 2025
     
    19

    Balance Sheets as of March 31, 2025 and 2024
     
    21

    Statements of Operations for the fiscal years ended March 31, 2025 and 2024
     
    22

    Statements of Shareholders' Equity for the fiscal years ended March 31, 2025 and 2024
     
    23

    Statements of Cash Flows for the fiscal years ended March 31, 2025 and 2024
     
    24

    Notes to Financial Statements	
     
    25

20 

Report of Independent Registered Public Accounting
Firm

To the Board of Directors and Shareholders

of Encision, Inc.

Opinion on the Financial Statements

We have audited the accompanying balance sheet
of Encision, Inc. (the Company) as of March 31, 2025, and 2024, and the related statements of operations, shareholders’ equity,
and cash flows for the years then ended and the related notes (collectively referred to as the financial statements).

In our opinion, the financial statements present
fairly, in all material respects, the financial position of the Company as of March 31, 2025, and 2024, and the results of its operations
and its cash flows for the years then ended, in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These financial statements are the responsibility
of the Company’s management. Our responsibility is to express an opinion on the Company’s financial statements based on our
audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are
required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and
regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the
standards of the PCAOB.