Company: ECIA
Filing Date: 2025-07-10
Form Type: 10-K
Source: 0001079973-25-001132
Chunk: 23

Company: ENCISION INC
Filing Date: 2025-07-10
Form: 10-K
Item: Item 1
Chunk 23
---
 process of assessing the potential risks. As of this time,
we have determined that risks from cybersecurity threats have not materially affected and are not reasonably likely to materially affect
our business strategy, results of operations, or financial condition.

Cybersecurity
Governance

Our Board of Directors is responsible for overseeing
our enterprise risk management activities. The Board of Directors receives an update on our risk management process and the risk trends
related to cybersecurity at least annually. Additionally, on a quarterly basis, the Audit Committee will receive updates from Management
on cybersecurity.

Item 2. Properties

We lease 28,696 square feet of office and manufacturing
space under non-cancelable lease agreements through October 31, 2026, at 6797 Winchester Circle, Boulder, Colorado. We believe that our
existing facilities are adequate for our current operations.

Item 3. Legal Proceedings

From time to time, we are involved in various
disputes, claims, suits, investigations, and legal proceedings arising in the ordinary course of business. We believe that the resolution
of current pending legal matters will not have a material adverse effect on our business, financial condition, results of operations,
or cash flows. Nonetheless, we cannot predict the outcome of these proceedings, as legal matters are subject to inherent uncertainties,
and there exists the possibility that the ultimate resolution of these matters could have a material adverse effect on our business, financial
condition, results of operations, or cash flows.

Item 4. Mine Safety Disclosures

None.

PART II

Item 5. Market for Registrant’s Common
Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

During our fiscal years 2025 and 2024, our common
stock has been quoted on the Pink tier, operated by the OTC Markets Group, Inc. The ticker symbol “ECIA” has been assigned
to our common stock for over-the-counter quotations.

We have never paid cash dividends on our common
stock and have no present plans to do so. We presently intend to retain any cash generated from operations in the future for use in our
business. As of March 31, 2025, there were approximately 63 holders of record of our common stock.

Recent Sales of Unregistered Securities

During the fiscal year ended March 31, 2025,
there were no sales of unregistered securities by the Company that were not previously reported on a Form 8-K or Form 10-Q.

Issuer Purchases of Equity Securities

We did