ADM Tronics Files Q1 2025 10-Q

TL;DR

**ADM Tronics Q1 2025 10-Q filed. Financials and warrants detailed.**

AI Summary

ADM Tronics Unlimited, Inc. filed its 10-Q for the period ending June 30, 2024. The filing details financial performance and operational updates for the first quarter of fiscal year 2025. Key financial data and disclosures related to fair value measurements and warrants are included.

Why It Matters

This filing provides investors with an update on ADM Tronics' financial health and operational status for the most recent quarter, crucial for investment decisions.

Risk Assessment

Risk Level: low — The filing is a routine quarterly report with no immediate red flags or significant negative disclosures.

Key Numbers

• Q1 2025 — Fiscal Quarter (Reporting period)
• 03-31 — Fiscal Year End (Company's fiscal year end)

Key Players & Entities

• ADM TRONICS UNLIMITED, INC. (company) — Filer
• 20240630 (date) — End of reporting period
• 20240819 (date) — Filing date

FAQ

Key Financial Figures

• $250,000 — Corporation ("FDIC") up to a maximum of $250,000. At June 30, 2024 and March 31, 2024, a

Filing Documents

• admt20240630_10q.htm (10-Q) — 742KB
• ex_715879.htm (EX-21.1) — 1KB
• ex_715633.htm (EX-31.1) — 9KB
• ex_715634.htm (EX-32.1) — 5KB
• 0001437749-24-027173.txt ( ) — 4120KB
• admt-20240630.xsd (EX-101.SCH) — 39KB
• admt-20240630_def.xml (EX-101.DEF) — 265KB
• admt-20240630_lab.xml (EX-101.LAB) — 239KB
• admt-20240630_pre.xml (EX-101.PRE) — 296KB
• admt-20240630_cal.xml (EX-101.CAL) — 41KB
• admt20240630_10q_htm.xml (XML) — 546KB

- Financial Information

Part I - Financial Information Item 1. Condensed Consolidated Financial Statements (unaudited): Condensed Consolidated Balance Sheets –June 30, 2024 (unaudited) and March 31, 2024 3 Condensed Consolidated Statements of Operations for the three months ended June 30, 2024 and 2023 (unaudited) 4 Condensed Consolidated Statement of Stockholders' Equity for the three months ended June 30, 2024 and 2023 (unaudited) 5 Condensed Consolidated Statements of Cash Flows for the three months ended June 30, 2024 and 2023 (unaudited) 6 Notes to Condensed Consolidated Financial Statements 7 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 13 Item 3.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 16 Item 4.

Controls and Procedures

Controls and Procedures 16

- Other Information

Part II - Other Information Item 1.

Legal Proceedings

Legal Proceedings 17 Item 1A.

Risk Factors

Risk Factors 17 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 17 Item 3. Defaults Upon Senior Securities 17 Item 4. Mine Safety Disclosures 17 Item 5. Other Information 17 Item 6. Exhibits 17

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS ADM TRONICS UNLIMITED, INC. AND SUBSIDIARY CONDENSED CONSOLIDATED BALANCE SHEETS June 30, March 31, 2024 2024 (Unaudited) ASSETS Current assets: Cash and cash equivalents $ 469,365 $ 537,041 Accounts receivable, net of credit losses of $ 1,216,562 at June 30, 2024 and March 31, 2024, respectively 503,810 344,526 Inventories 431,322 313,409 Prepaid expenses and other current assets 19,180 19,223 Total current assets 1,423,677 1,214,199 Other Assets: Property and equipment, net of accumulated depreciation Long-term inventory 241,508 226,722 Operating lease right-of-use asset 378,352 399,521 Loan receivable, net of allowance for doubtful accounts of $ 240,965 at June 30, 2024 and March 31, 2024, respectively. 89,125 89,125 Investments 338,500 - Intangible assets, net of accumulated amortization of $ 29,866 and $ 27,936 at June 30, 2024 and March 31, 2024, respectively 20,443 22,373 Other assets 15,917 186,788 Total other assets 1,083,846 924,529 Total assets $ 2,507,522 $ 2,138,728 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 307,244 $ 266,082 Bank overdraft 105,993 112,391 Accrued expenses and other current liabilities 69,154 61,268 PPP loan 4,931 6,276 Line of credit 382,345 389,530 Operating lease liability 89,943 87,727 Customer deposits 148,729 200,661 Total current liabilities 1,108,339 1,123,935 Long-term liabilities Due to employee 80,449 - Operating lease liability less current portion 298,393 322,402 Total long-term liabilities 378,842 322,402 Total liabilities 1,487,181 1,446,337 Stockholders' equity: Preferred stock, $ .01 par value; 5,000,000 shares authorized, no shares issued and outstanding - - Common stock, $ 0.0005 par value; 150,000,000 shares authorized, 67,588,492 shares issued and outstanding 33,794 33,794

View Full Filing

View this 10-Q filing on SEC EDGAR