Company: ECIA
Filing Date: 2025-07-10
Form Type: 10-K
Source: 0001079973-25-001132
Chunk: 49

Company: ENCISION INC
Filing Date: 2025-07-10
Form: 10-K
Item: Item 1
Chunk 49
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 and development 
     747  
     4,977 
  
    Stock-based compensation expense 
    $46,001  
    $53,552 

Segment
Reporting. Effective with the fiscal year ended March 31, 2025, the Company adopted Financial Accounting
Standards Board (“FASB”) Accounting Standards Update (“ASU”) 2023-07, Segment Reporting (Topic 280):
Improvements to Reportable Segment Disclosures. Adoption of the amended guidance did not change the Company’s conclusion that it
operates two reportable segment, nor did it affect the Company’s consolidated financial position, results of operations, or cash
flows. The standard, however, expands required disclosures related to significant segment expense categories and interim-period information.
The Company has incorporated the required disclosures for the year ended March 31, 2025, as presented below.

Operating segments
are defined as components of an enterprise about which discrete financial information is available that is evaluated regularly by the
chief operating decision maker (“CODM”) in deciding how to allocate resources and in assessing operating performance. In consideration
of ASC 280, Segment Reporting, the Company has concluded it operates two business segments, product and service. The Product segment designs,
develops, manufactures and markets patented surgical instruments. The Service segment performs engineering activities for external entities.

    31 

Additionally, our CODM (President and Chief
Executive Officer) uses consolidated net income or loss, as reported in the Consolidated Statement of Operations, as the
profitability measure in making decisions to evaluate our performance, which is the same basis on which he communicates our results
and performance to our Board of Directors. The CODM bases all significant decisions regarding the allocation of our resources on a
consolidated basis. At March 31, 2025, Net long-lived assets totaled $416,647 in the United States.

    Schedule
    of operating segments 

    Year
    Ended March 31, 2025  
    Year
    Ended March 31, 2024 

     Product  
     Service  
     Total  
     Product  
     Service  
     Total 
  
    Net revenue 
    $6,217,687  
    $337,628  
    $6,555,315  
    $6,431,969  
    $153,913  
    $6,585