Company: PDEX
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001079973-25-001655
Chunk: 13

Company: PRO DEX INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 8
Chunk 13
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138  
     94% 
    $14,663  
     89%

During
the three months ended September 30, 2025 and 2024, we had two suppliers, respectively, that each accounted for more than 10% of total
inventory purchases. Amounts owed to the fiscal 2026 significant suppliers at September 30, 2025 totaled $439,000, and $497,000, respectively,
and at June 30, 2025 totaled $299,000 and $1.0 million, respectively.

NOTE 11. NOTES PAYABLE AND FINANCING TRANSACTIONS

UMB Bank (“UMB”)

As
previously disclosed, we have several outstanding term loans as well as a revolving loan (the “Amended Revolving Loan”) with
UMB (formerly Minnesota Bank & Trust or MBT). Additionally, on July 31, 2024 (the “Fourth Amendment Date”), we
entered into Amendment No. 4 to our Amended and Restated Credit Agreement (the “Fourth Amendment”) which amended the Company’s
Amended and Restated Credit Agreement with UMB. The Fourth Amendment (i) provided for a new term loan, Term Loan C, in the amount of
$5.0 million, (ii) used the proceeds from Term Loan C to repay the entire $3.0 million balance that was outstanding on the Fourth Amendment
Date under the Amended Revolving Loan, and (iii) terminated our Supplemental Loan, under which no amounts had been drawn. Loan origination
fees in the amount of $10,000 were paid to UMB in conjunction with Term Loan C. On December 23, 2024, we entered into Amendment No. 5
to the Amended Credit Agreement (the “Fifth Amendment”), which extended the maturity date of the Amended Revolving Loan from
December 29, 2025, to December 29, 2026. On April 8, 2025, we entered into Amendment No. 6 to the Amended Credit Agreement (the “Sixth
Amendment”), which among other things, increased the revolving line of credit under the Amended Revolving Loan from $7,000,000
to $11,000,000. Loan origination fees in the amount of $8,000 were paid to UMB in connection with the Sixth Amendment.

    14 
    PRO-DEX INC. AND SUBSIDIARYNOT