PCS Edventures! Files Q3 2024 10-Q

TL;DR

PCS Edventures! 10-Q filed for Q3 2024. Financials updated.

AI Summary

PCS Edventures!, Inc. filed its 10-Q for the period ending December 31, 2024. The filing covers the third quarter of their fiscal year, which began on April 1, 2024, and will end on March 31, 2025. The company is based in Meridian, Idaho, and operates in the educational services sector.

Why It Matters

This filing provides investors with an update on the financial performance and operational status of PCS Edventures! for the third quarter of their fiscal year.

Risk Assessment

Risk Level: medium — As a publicly traded company filing a 10-Q, there are inherent risks associated with financial reporting and market performance.

Key Numbers

• 2024-12-31 — Period End Date (Indicates the end of the reporting quarter.)
• 2025-02-14 — Filing Date (The date the report was officially submitted to the SEC.)

Key Players & Entities

• PCS Edventures!, Inc. (company) — Filer of the 10-Q
• 2024-12-31 (date) — End of the reporting period
• 2025-02-14 (date) — Filing date
• Meridian, ID (location) — Company headquarters

FAQ

Filing Documents

• form10-q.htm (10-Q) — 458KB
• ex31-1.htm (EX-31.1) — 10KB
• ex31-2.htm (EX-31.2) — 10KB
• ex32.htm (EX-32) — 5KB
• 0001493152-25-006602.txt ( ) — 2417KB
• pcsv-20241231.xsd (EX-101.SCH) — 16KB
• pcsv-20241231_cal.xml (EX-101.CAL) — 38KB
• pcsv-20241231_def.xml (EX-101.DEF) — 57KB
• pcsv-20241231_lab.xml (EX-101.LAB) — 191KB
• pcsv-20241231_pre.xml (EX-101.PRE) — 151KB
• form10-q_htm.xml (XML) — 213KB

, Other Information, Item 6, Exhibits

Part II, Other Information, Item 6, Exhibits. (This space intentionally left blank.) PCS EDVENTURES!, INC. FORM 10-Q FOR THE QUARTERLY PERIOD ENDED DECEMBER 31, 2024 INDEX Page PART I – FINANCIAL INFORMATION 3 ITEM 1. Condensed

Financial Statements (unaudited)

Financial Statements (unaudited) 3 Condensed Balance Sheets as of December 31, 2024 (unaudited), and March 31, 2024 4 Condensed 5 Condensed 6 Condensed 7 Notes to Condensed Financial Statements (unaudited) 8 ITEM 2, Management's Discussion and Analysis of Financial Conditions and Results of Operations 12 ITEM 3. Quantitative and Qualitative Disclosures about Market Risk 16 ITEM 4. Controls and Procedures 16 PART II - OTHER INFORMATION 17 ITEM 1. Legal Proceedings 17 ITEM 1A. 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. EXHIBIT INDEX 17

SIGNATURES

SIGNATURES 18 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 December 31, 2024 March 31, 2024 (Unaudited) CURRENT ASSETS Cash $ 3,590,051 $ 1,329,708 Accounts receivable, net of allowance for doubtful accounts of $ 34,204 163,759 1,675,859 Prepaid expenses 283,611 394,091 Inventory, net 2,036,969 2,025,483 Total Current Assets 6,074,390 5,425,141 NONCURRENT ASSETS Lease Right-of-Use Asset 1,188,710 273,905 Deposits 29,747 6,300 Property and equipment, net 101,462 43,739 Deferred tax asset 2,385,355 2,541,259 Total Noncurrent Assets 3,705,274 2,865,203 TOTAL ASSETS $ 9,779,664 $ 8,290,344 CURRENT LIABILITIES Accounts payable $ 77,661 $ 100,853 Payroll liabilities and accrued expenses 109,755 229,970 Deferred revenue 22,015 14,549 Lease Liability, current portion 100,729 70,782 Total Current Liabilities 310,160 416,154 NONCURRENT LIABILITIES Lease Liability, net of current portion 1,138,093 218,373 Total Noncurrent Liabilities 1,138,093 218,373 TOTAL LIABILITIES $ 1,448,253 $ 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, 122,958,993 and 124,733,494 shares issued and outstanding - - Additional Paid-in Capital 40,180,438 40,570,459 Accumulated deficit ( 31,849,027 ) ( 32,914,642 ) TOTAL STOCKHOLDERS' EQUITY 8,331,411 7,655,817 TOTAL LIABILITIES AND STOCKHOLDERS

Management's Discussion and Analysis of Financial Condition

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations. Cautionary Statements for Purposes of "Safe Harbor Provisions" of the Private Securities Litigation Reform Act of 1995: Except for historical facts, all matters discussed in this Quarterly Report, which are forward-looking, involve a high degree of risk and uncertainty. Certain statements in this Quarterly Report set forth management's intentions, plans, beliefs, expectations, or predictions of the future based on current facts and analyses. When we use the words "believe," "expect," "anticipate," "estimate," "intend," or similar expressions, we intend to identify forward-looking statements. You should not place undue reliance on these forward-looking Potential risks and uncertainties include, but are not limited to, competitive pressures from other companies within the Educational Industries, economic conditions in the Company's primary markets, exchange rate fluctuation, reduced product demand, increased competition, inability to produce required capacity, unavailability of financing, government action, weather conditions and other uncertainties, including those detailed in our SEC filings. We assume no duty to update 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 serving youth. At this time, we do not attempt to align our products to fit in the classroom setting although we are aware that some of our customers use our products to fill enrichment time blocks in the classroom during formal school time. Class

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