Company: PDEX
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001079973-25-000729
Chunk: 20

Company: PRO DEX INC
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 8
Chunk 20
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 year ended June 30, 2024.

We specialize in the
design, development, and manufacture of autoclavable, battery-powered, and electric, multi-function surgical drivers and shavers used
primarily in the orthopedic, thoracic, and maxocranial facial (“CMF”) markets. We have patented adaptive torque-limiting
software and proprietary sealing solutions which appeal to our customers, primarily medical device distributors. We also manufacture
and sell rotary air motors to a wide range of industries.

Our principal headquarters
are located at 2361 McGaw Avenue, Irvine, California 92614 and our phone number is (949) 769-3200. Our Internet address is www.pro-dex.com.
Our annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, amendments to those reports, and other
SEC filings are available free of charge through our website as soon as reasonably practicable after such reports are electronically
filed with, or furnished to, the SEC. In addition, our Code of Ethics and other corporate governance documents may be found on our website
at the Internet address set forth above. Our filings with the SEC may also be read and copied at the SEC’s Public Reference Room
at 100 F Street, N.E., Washington, D.C. 20549. You may obtain information on the operation of the Public Reference Room by calling the
SEC at 1-800-SEC-0330. The SEC maintains an Internet site that contains reports, proxy and information statements, and other information
regarding issuers that file electronically with the SEC at www.sec.gov and company specific information at www.sec.gov/edgar/searchedgar/companysearch.html.

Basis of Presentation

The condensed consolidated
results of operations presented in this report are not audited and those results are not necessarily indicative of the results to be expected
for the entirety of the fiscal year ending June 30, 2025. Our fiscal year ends on June 30 and our fiscal quarters end on September 30,
December 31, and March 31. Unless otherwise stated, all dates refer to our fiscal year and those fiscal quarters.

18 

Critical Accounting Estimates and Judgments

Our condensed
consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States. The preparation
of our financial statements requires management to make estimates and judgments that affect the reported amounts of assets, liabilities,
revenues, expenses,