Company: ECIA
Filing Date: 2025-07-10
Form Type: 10-K
Source: 0001079973-25-001132
Chunk: 35

Company: ENCISION INC
Filing Date: 2025-07-10
Form: 10-K
Item: Item 1
Chunk 35
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related to the Company's inventory included the following:

-We evaluated management’s significant accounting
policies related to inventory for reasonableness

-We selected a sample of finished goods and raw
materials and performed detailed testing over the items selected, including but not limited to the following:

oAgreed the bill of materials source documents
for each selection, including raw materials value, labor, and overhead allocations, and any other items relevant to price verification.

oAgreed a selection of raw materials to the source
documents, invoices, and any other items relevant to price verification

o   
Tested managements identification and application of the overhead calculation
and labor cost

July 10, 2025

We have served as the Company’s auditor
since 2024.

Los Angeles, California

PCAOB ID Number 6580

Green Growth CPAs

22 

 Encision Inc.

Balance Sheets

    March 31, 2025  
    March 31, 2024 
  
    ASSETS 

    Current assets: 

    Cash 
    $257,433  
    $42,509 
  
    Accounts receivable 
     786,471  
     891,129 
  
    Inventories, net 
     1,483,182  
     1,402,338 
  
    Prepaid expenses 
     85,679  
     90,298 
  
    Total current assets 
     2,612,765  
     2,426,274 
  
    Equipment: 

    Furniture, fixtures and equipment, at cost 
     2,585,446  
     2,627,726 
  
    Accumulated depreciation 
     (2,340,689) 
     (2,373,722)
  
    Equipment, net 
     244,757  
     254,004 
  
    Right of use asset 
     568,395  
     900,787 
  
    Patents, net 
     171,890  
     164,010 
  
    Other assets 
     72,892  
     65,641 
  
    TOTAL ASSETS 
    $3,670,699  
    $3,810,716 
  
    LIABILITIES AND SHAREHOLDERS’ EQUITY 

    Current liabilities: 

    Accounts payable 
    $346,900  
    $