Company: ZRCN
Filing Date: 2025-09-10
Form Type: 10-K
Source: 0001641172-25-027037
Chunk: 665

Company: ZRCN Inc.
Filing Date: 2025-09-10
Form: 10-K
Item: Item 5
Chunk 665
---
  
     —  
     74  
     —  
     74 
  
    Net loss 
     —  
     —  
     —  
     —  
     —  
     (2,839) 
     (2,839) 
     (51) 
     (2,890)
  
    Net (loss) income 
     —  
     —  
     —  
     —  
     —  
     (2,839) 
     (2,839) 
     (51) 
     (2,890)

    Balance - March 31,
    2025 
     10,306,426  
    $1  
    $(347) 
    $8,532  
    $—  
    $(4,297) 
    $3,889  
    $1,641  
    $5,530 
  
    Balance 
     10,306,426  
    $1  
    $(347) 
    $8,532  
    $—  
    $(4,297) 
    $3,889  
    $1,641  
    $5,530 

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

F-4

ZRCN
Inc.

CONSOLIDATED
STATEMENTS OF CASH FLOWS

(in
thousands)

    2025  
    2024 

    For
    the Year Ended March 31, 

    2025  
    2024 
  
    CASH FLOWS FROM OPERATING
    ACTIVITIES: 
        
     (As
                                            Revised) 
  
    Net (loss) income 
    $(2,890) 
    $51 
  
    Adjustments to reconcile net (loss) income
    to net cash provided by operating activities: 

    Depreciation expense 
     958  
     665 
  
    Amortization of intangible
    assets 
     103  
     84 
  
    Amortization of right-of-use
    assets 
     248  
     131 
  
    Inventory obsolescence
    impairment 
     609  
     445 
  
    Provision for credit losses