ADM TRONICS UNLIMITED, INC. Files Q3 2024 10-Q

TL;DR

ADM TRONICS UNLIMITED, INC. Q3 2024 10-Q filed. Financials updated.

AI Summary

ADM TRONICS UNLIMITED, INC. filed its 10-Q for the period ending December 31, 2024. The filing covers the third quarter of fiscal year 2024. Key financial data and disclosures related to fair value measurements and warrants are included.

Why It Matters

This 10-Q filing provides investors with an update on ADM TRONICS UNLIMITED, INC.'s financial performance and position as of the end of the third quarter of fiscal year 2024.

Risk Assessment

Risk Level: low — This filing is a routine quarterly report and does not appear to contain any immediately alarming information.

Key Numbers

• 2024-12-31 — Period End Date (The report covers financial information up to this date.)
• 2025-02-14 — Filing Date (The date the 10-Q was officially submitted to the SEC.)

Key Players & Entities

• ADM TRONICS UNLIMITED, INC. (company) — Filer of the 10-Q
• 2024-12-31 (date) — Period end date for the 10-Q
• 2025-02-14 (date) — Filing date of the 10-Q

FAQ

Key Financial Figures

• $250,000 — Corporation ("FDIC") up to a maximum of $250,000. At December 31, 2024 and March 31, 202

Filing Documents

• admt20241231_10q.htm (10-Q) — 1041KB
• ex_776299.htm (EX-21.1) — 1KB
• ex_776300.htm (EX-31.1) — 8KB
• ex_776301.htm (EX-32.1) — 5KB
• 0001437749-25-004018.txt ( ) — 4706KB
• admt-20241231.xsd (EX-101.SCH) — 40KB
• admt-20241231_def.xml (EX-101.DEF) — 272KB
• admt-20241231_lab.xml (EX-101.LAB) — 249KB
• admt-20241231_pre.xml (EX-101.PRE) — 300KB
• admt-20241231_cal.xml (EX-101.CAL) — 43KB
• admt20241231_10q_htm.xml (XML) — 673KB

- Financial Information

Part I - Financial Information Item 1. Condensed Consolidated Financial Statements (unaudited): Condensed Consolidated Balance Sheets –December 31, 2024 (unaudited) and March 31, 2024 3 Condensed Consolidated Statements of Operations for the three and nine months ended December 31, 2024 and 2023 (unaudited) 4 Condensed Consolidated Statement of Stockholders' Equity for the nine months ended December 31, 2024 and 2023 (unaudited) 5 Condensed Consolidated Statements of Cash Flows for the nine months ended December 31, 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 14 Item 3.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 18 Item 4.

Controls and Procedures

Controls and Procedures 18

- Other Information

Part II - Other Information Item 1.

Legal Proceedings

Legal Proceedings 19 Item 1A.

Risk Factors

Risk Factors 19 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 19 Item 3. Defaults Upon Senior Securities 19 Item 4. Mine Safety Disclosures 19 Item 5. Other Information 19 Item 6. Exhibits 20 2

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 December 31, March 31, 2024 2024 ASSETS Current assets: Cash and cash equivalents $ 430,700 $ 537,041 Accounts receivable, net of credit losses of $ 975,597 and $ 814,788 at December 31, 2024 and March 31, 2024, respectively 374,153 344,526 Inventories 445,110 313,409 Prepaid expenses and other current assets 6,393 19,223 Total current assets 1,256,356 1,214,199 Other Assets: Long-term inventory 240,603 226,722 Operating lease right-of-use asset 335,190 399,521 Loan receivable, net of allowance for doubtful accounts of $ 240,965 at December 31, 2024 and March 31, 2024, respectively. 89,125 89,125 Investments 195,000 - Intangible assets, net of accumulated amortization of $ 33,121 and $ 27,936 at December 31, 2024 and March 31, 2024, respectively 17,188 22,373 Other assets 14,917 186,788 Total other assets 892,023 924,529 Total assets $ 2,148,379 $ 2,138,728 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 273,949 $ 266,082 Bank overdraft 16,801 112,391 Accrued expenses and other current liabilities 56,606 61,268 PPP loan 2,241 6,276 Line of credit 380,208 389,530 Operating lease liability 92,215 87,727 Customer deposits 220,025 200,661 Total current liabilities 1,042,045 1,123,935 Long-term liabilities Due to employee 79,449 - Operating lease liability less current portion 251,711 322,402 Total long-term liabilities 331,160 322,402 Total liabilities 1,373,205 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 Additional paid-in capital 33,606,740 33,6

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View this 10-Q filing on SEC EDGAR