PCS Edventures! Files Q2 2025 10-Q

TL;DR

PCS Edventures! 10-Q filed. Q2 FY25 financials out, compare to last year. Check balance sheet.

AI Summary

PCS Edventures!, Inc. filed a 10-Q for the period ending September 30, 2024. The company, based in Boise, ID, operates in the educational services sector. The filing includes financial data for the quarter and year-to-date periods, comparing them to the previous year. Specific financial figures and balance sheet details are presented.

Why It Matters

This filing provides investors with an update on PCS Edventures!'s financial performance and position for the second quarter of fiscal year 2025, allowing for assessment of recent business trends.

Risk Assessment

Risk Level: medium — As a publicly traded company filing regular financial reports, PCS Edventures! carries inherent risks related to market performance and operational execution.

Key Numbers

• 2024-09-30 — End of Reporting Period (Fiscal quarter end date for financial data.)
• 2023-09-30 — Prior Year Period End (Comparison point for financial performance.)
• 2024-03-31 — Prior Fiscal Year End (Reference for year-end financial status.)

Key Players & Entities

• PCS Edventures!, Inc. (company) — Filer of the 10-Q
• Boise, ID (location) — Company headquarters location
• September 30, 2024 (date) — End of the reporting period
• 20241115 (date) — Filing date

FAQ

Filing Documents

• form10-q.htm (10-Q) — 452KB
• ex31-1.htm (EX-31.1) — 16KB
• ex31-2.htm (EX-31.2) — 16KB
• ex32.htm (EX-32) — 9KB
• 0001493152-24-046234.txt ( ) — 2381KB
• pcsv-20240930.xsd (EX-101.SCH) — 16KB
• pcsv-20240930_cal.xml (EX-101.CAL) — 37KB
• pcsv-20240930_def.xml (EX-101.DEF) — 35KB
• pcsv-20240930_lab.xml (EX-101.LAB) — 188KB
• pcsv-20240930_pre.xml (EX-101.PRE) — 147KB
• form10-q_htm.xml (XML) — 218KB

, Other Information, Item 6, Exhibits

Part II, Other Information, Item 6, Exhibits. PCS EDVENTURES!, Inc. FORM 10-Q FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2024 INDEX Page PART I – FINANCIAL INFORMATION 3 ITEM 1. Condensed Financial Statements (unaudited) 3 Condensed Balance Sheets as of September 30, 2024 (unaudited), and March 31, 2024 4 Condensed Statements of Operations for the Three and Six Months ended September 30, 2024, and 2023 (unaudited) 5 Condensed Statement of Stockholders' Equity for the Three and Six Months ended September 30, 2024, and 2023 (unaudited) 6 Condensed Statements of Cash Flows for the Six Months ended September 30, 2024, and 2023 (unaudited) 7 Notes to the Condensed Financial Statements (unaudited) 8 ITEM 2.

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

Management's Discussion and Analysis of Financial Conditions and Results of Operations 12 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 PART II - OTHER INFORMATION 18 ITEM 1.

Legal Proceedings

Legal Proceedings 18 ITEM 1A.

Risk Factors

Risk Factors 18 ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds 18 ITEM 3. Defaults Upon Senior Securities 18 ITEM 4. Mine Safety Disclosures 19 ITEM 5. Other Information 19 ITEM 6. EXHIBIT INDEX 19

SIGNATURES

SIGNATURES 20 2 PART I –FINANCIAL INFORMATION PART I – FINANCIAL INFORMATION Item 1. Condensed Financial Statements The Condensed Financial Statements of the Registrant required to be filed with this 10-Q Quarterly Report were prepared by management and commence below, together with related notes. In the opinion of management, the Condensed Financial Statements fairly present the financial condition of the Registrant. (This space intentionally left blank.) 3 PCS EDVENTURES!, INC. Condensed Balance Sheets Unaudited Audited September 30, 2024 March 31, 2024 CURRENT ASSETS Cash $ 4,005,145 $ 1,329,708 Accounts receivable, net of allowance for doubtful accounts of $ 34,204 735,689 1,675,859 Prepaid expenses 261,051 394,091 Inventory, net 1,990,951 2,025,483 Total Current Assets 6,992,836 5,425,141 NONCURRENT ASSETS Lease Right-of-Use Asset 216,465 273,905 Deposits 21,960 6,300 Property and equipment, net 66,920 43,739 Deferred tax asset 2,174,420 2,541,259 Total Noncurrent Assets 2,479,765 2,865,203 TOTAL ASSETS $ 9,472,601 $ 8,290,344 CURRENT LIABILITIES Accounts payable $ 62,809 $ 100,853 Payroll liabilities and accrued expenses 272,796 229,970 Deferred revenue 107,336 14,549 Lease Liability, current portion 43,819 70,782 Total Current Liabilities 486,760 416,154 NONCURRENT LIABILITIES Lease liabilities, net of current portion 185,333 218,373 Total Noncurrent Liabilities 185,333 218,373 TOTAL LIABILITIES 672,093 634,527 STOCKHOLDERS' EQUITY Preferred stock, no par value, 20,000,000 authorized shares, No shares issued and outstanding - - Common stock, no par value, 150,000,000 authorized shares, 124,131,410 shares and 124,733,494 shares issued and outstanding, respectively - - Additional Paid-in Capital 40,426,646 40,570,459 Accumulated deficit ( 31,626,138 ) ( 32,914,642 ) TOTAL STOCKHOLDERS' EQUITY 8,800,508 7,655,817 TOTAL LIABILITIES

forward-looking statements to reflect events or circumstances after the date of such statements

forward-looking statements to reflect events or circumstances after the date of such statements. The following discussion should be read in conjunction with Item 1, Condensed Financial Statements , in Part I of this Quarterly Report. Overview of Current and Planned Operations PCS Edventures!, Inc. sells STEM / STEAM products to educational and recreational entities ser

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View this 10-Q filing on SEC EDGAR