Company: PDEX
Filing Date: 2025-01-30
Form Type: 10-Q
Source: 0001079973-25-000164
Chunk: 31

Company: PRO DEX INC
Filing Date: 2025-01-30
Form: 10-Q
Item: Item 2
Chunk 31
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 months ended December 31, 2024, there were no changes in our internal controls over financial reporting (as defined in Rule
13a-15(f) and 15d-15(f) under the Exchange Act) that have materially affected, or are reasonably likely to materially
affect, our internal controls over financial reporting.

Inherent Limitations
on the Effectiveness of Controls

In designing and evaluating
our disclosure controls and procedures, our management recognized that any system of controls and procedures, no matter how well designed
and operated, can provide only reasonable assurance of achieving the desired control objectives, as ours are designed to do, and management
necessarily was required to apply its judgment in evaluating the cost-benefit relationship of possible controls and procedures.

Because of its
inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation
of effectiveness to future periods are subject to the risks that controls may become inadequate because of changes in conditions, or that
the degree of compliance with the policies or procedures may deteriorate.

23 

PART
II — OTHER INFORMATION

ITEM
1. LEGAL PROCEEDINGS

See
Note 13 to condensed consolidated financial statements contained elsewhere in this report.

ITEM
1A. RISK FACTORS

Our business, future financial
condition and results of operations are subject to a number of factors, risks and uncertainties, which are disclosed in Item 1A, entitled
“Risk Factors” in Part I of our Annual Report on Form 10-K for our fiscal year ended June 30, 2024, as well as any amendments
thereto or additions and changes thereto contained in this quarterly report on Form 10-Q for the quarter ended December 31, 2024. Additional
information regarding some of those risks and uncertainties is contained in the notes to the condensed financial statements included
elsewhere in this report and in Part I, Item 2, of this report entitled “Management’s Discussion and Analysis of Financial
Condition and Results of Operations.” The risks and uncertainties disclosed in our Form 10-K, our quarterly reports on Form 10-Q,
and other reports filed with the SEC are not necessarily all of the risks and uncertainties that may affect our business, financial condition
and results of operations in the future. There have been no material changes to the risk factors as disclosed in our Annual Report on
Form 10-K for the fiscal year ended June 30, 2024.

ITEM
2.