PCS Edventures! Files 2024 10-K

TL;DR

PCS Edventures! 10-K filed. Full year financials for FY ending 3/31/24 out.

AI Summary

PCS Edventures!, Inc. filed its 10-K for the fiscal year ending March 31, 2024, reporting on its operations in educational services. The company's headquarters are located in Boise, Idaho. The filing covers financial data and business operations for the period.

Why It Matters

This 10-K filing provides investors and the public with a comprehensive overview of PCS Edventures!, Inc.'s financial health and business strategy for the fiscal year ending March 31, 2024.

Risk Assessment

Risk Level: low — This is a standard annual report filing with no immediate red flags or significant new information presented in the provided snippet.

Key Numbers

• 2024-03-31 — Fiscal Year End (The end date for the reporting period covered by the 10-K.)
• 2024-06-28 — Filing Date (The date the 10-K was officially submitted to the SEC.)

Key Players & Entities

• PCS Edventures!, Inc. (company) — Filer of the 10-K
• 20240331 (date) — End of the reporting period
• 20240628 (date) — Filing date
• Boise, ID (location) — Company headquarters and mailing address

FAQ

Key Financial Figures

• $0.1851 — ier" under the trading symbol "PCSV" of $0.1851 per share on September 29, 2023. Indi
• $14.50 — component of our proprietary drone from $14.50 per unit to $50.00 per unit. Given the
• $50.00 — oprietary drone from $14.50 per unit to $50.00 per unit. Given the global nature of th
• $193,375 — n Program ("PPP") loan in the amount of $193,375. This amount was subsequently forgiven
• $221,050 — ed its second PPP loan in the amount of $221,050. This amount was subsequently forgiven
• $1,011,466 — iscal year 2023, the Company recognized $1,011,466 of the tax-loss carry-forward asset. In
• $1,529,793 — 4, the Company recognized the remaining $1,529,793 of the total tax-loss carry-forward ass
• $2,541,259 — ard asset, which at March 31, 2024, was $2,541,259. For the fiscal year ended March 31, 20
• $2,776,176 — 023, the Company reported net income of $2,776,176, which includes the recognition of the
• $4,441,188 — 024, the Company reported net income of $4,441,188, which includes the recognition of the

Filing Documents

• form10-k.htm (10-K) — 781KB
• ex4.htm (EX-4) — 6KB
• ex14.htm (EX-14) — 9KB
• ex31-1.htm (EX-31.1) — 17KB
• ex31-2.htm (EX-31.2) — 17KB
• ex32.htm (EX-32) — 9KB
• form10-k_001.jpg (GRAPHIC) — 8KB
• 0001493152-24-025592.txt ( ) — 3716KB
• pcsv-20240331.xsd (EX-101.SCH) — 29KB
• pcsv-20240331_cal.xml (EX-101.CAL) — 58KB
• pcsv-20240331_def.xml (EX-101.DEF) — 56KB
• pcsv-20240331_lab.xml (EX-101.LAB) — 223KB
• pcsv-20240331_pre.xml (EX-101.PRE) — 176KB
• form10-k_htm.xml (XML) — 438KB

, Item 15

Part IV, Item 15. TABLE OF CONTENTS Page PART I Item 1.

Business

Business 3 Item 1A. Risk Factors 9 Item 1B. Unresolved Staff Comments 9 Item 1C. Cybersecurity 9 Item 2.

Properties

Properties 10 Item 3.

Legal Proceedings

Legal Proceedings 10 Item 4. Mine Safety Disclosures 10 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 11 Item 6. Reserved for Future Use 12 Item 7.

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

Management's Discussion and Analysis of Financial Condition and Results of Operations 12 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 16 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 16 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 30 Item 9A.

Controls and Procedures

Controls and Procedures 31 Item 9B. Other Information 31 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 31 PART III Item 10. Directors, Executive Officers and Corporate Governance 32 Item 11.

Executive Compensation

Executive Compensation 34 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 35 Item 13. Certain Relationships and Related Transactions, and Director Independence 36 Item 14. Principal Accounting Fees and Services 37 PART IV Item 15. Exhibits, Financial Statement Schedules 38

Signatures

Signatures 39 2 PART I Item 1. Business. History and Organization PCS Edventures!, Inc., an Idaho corporation ("PCS," the "Company," "we," "our," "us," and words of similar import), was originated under the laws of the State of Idaho on August 3, 1994 as "PCS Education Systems, Inc." On March 27, 2000, we changed our name from "PCS Education Systems, Inc." to "PCS Edventures!.com, Inc." On August 31, 2015, we changed our name from "PCS Edventures!.com, Inc." to "PCS Edventures!, Inc." PCS Edventures!, Inc. is our current company name. On February 18, 2016, we announced the completion of an asset purchase of Thrust-UAV, a privately-held company focused on drone technology. On March 27, 2017, the Company filed a Form 15-12g with the Securities and Exchange Commission (the "Commission") whereby, under Rule 12g-4(a)(1) and Rule 12h-3 (b)(1)(i), it terminated its duty to file reports with the Commission. Effective December 31, 2017, the Company's Executive Vice President, Director, and highest-ranking operations officer, resigned to pursue other interests. Given his tenure at the Company of over 20 years and his position at the time of his departure, this effectively caused a change in executive leadership at the Company. On January 1, 2018, Michael J. Bledsoe, then Vice President and Treasurer, and a Director, was appointed to assume responsibility for the operational oversight of the Company. On April 23, 2018, he was promoted to President, a position he currently holds. Todd R. Hackett was Chairman of the Board and CEO at the time of this transition and remains in those positions with the Company. The Company's Board of Directors determined that it was in the best interests of the shareholders of the Company to register its common stock pursuant to Section 12(g) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and return to its former status as a "fully-reporting" entity with the Commission given the Company's improved financ

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View this 10-K filing on SEC EDGAR