ADM TRONICS UNLIMITED, INC. (ADMT)
ADM Tronics Unlimited, Inc. (ADMT), established in 1969 and headquartered in Northvale, New Jersey, is a company that develops, manufactures, and markets electronic solutions. Its products are primarily designed for non-invasive medical applications, though they also serve other industries, with sales reaching the United States, Australia, Asia, and Europe. The company structures its business across three main divisions: Electronics, Chemical, and Engineering. Within its Electronics segment, ADMT creates specialized devices essential for diagnosing and treating both humans and animals, alongside providing electronic control systems for spas and hot tubs. The Chemical division offers a broad spectrum of water-based products, including primers, adhesives, coatings, resins, and chemical additives. This segment also manufactures anti-static conductive paints, coatings, and related items. Furthermore, it produces water-based, adhesive topical formulations for maxillofacial prosthetic medical applications, as well as for professional makeup artistry, especially in film, television, and theatrical settings. Finally, the Engineering segment delivers extensive services encompassing research, development, and regulatory support. These services are vital for the design, development, and manufacturing of medical devices, various electronic systems, and other advanced technologies and products, including those related to medical electronic therapeutic technology.
Sector: Electromedical & Electrotherapeutic Apparatus
Industry: Medical - Devices
ADM Tronics Unlimited, Inc.
OTC:ADMTHealthcare · Medical - Devices
Mkt Cap$3.26M
Float48.9M
O/S67.59M
Inst Own0.1%
SI<0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$3.35M
Net Income-$100K
Total Assets$1.83M
Free Cash Flow-$124K
Debt & Equity
Debt 56%
Equity 44%
Total Debt$741K
Total Equity$571K
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in ADMT's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$1.83M
Liabilities$1.26M
Accounts Receivable$516K
Accounts Payable$251K
Inventory$251K
PP&E (Net)$222K
Goodwill$0
Intangible Assets$8K
Income Statement
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 | FY 1995 | FY 1994 | FY 1993 | FY 1992 | FY 1991 | FY 1990 | FY 1989 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 | 2018-03-31 | 2017-03-31 | 2016-03-31 | 2015-03-31 | 2014-03-31 | 2013-03-31 | 2012-03-31 | 2011-03-31 | 2010-03-31 | 2009-03-31 | 2008-03-31 | 2007-03-31 | 2006-03-31 | 2005-03-31 | 2004-03-31 | 2003-03-31 | 2002-03-31 | 2001-03-31 | 2000-03-31 | 1999-03-31 | 1998-03-31 | 1997-03-31 | 1996-03-31 | 1995-03-31 | 1994-03-31 | 1993-03-31 | 1992-03-31 | 1991-03-31 | 1990-03-31 | 1989-03-31 |
| Revenue | $3.35M | $3.2M | $2.97M | $3.68M | $3.21M | $3.09M | $3.49M | $3.02M | $3.75M | $5.27M | $4.51M | $2.85M | $1.81M | $1.58M | $2.32M | $1.2M | $1.17M | $1.49M | $1.9M | $1.54M | $1.72M | $1.38M | $1.16M | $1.01M | $1.37M | $1.94M | $2.7M | $2.1M | $1.54M | $1.64M | $1.92M | $1.6M | $1.4M | $2M | $1.6M | $900K | $800K | $700K |
| YoY Growth | 4.7% | 7.8% | -19.3% | 14.7% | 3.8% | -11.3% | 15.5% | -19.6% | -28.8% | 16.8% | 58.3% | 57.5% | 14.5% | -31.7% | 93.2% | 2.7% | -21.5% | -21.6% | 23.3% | -10.8% | 24.8% | 18.8% | 15.3% | -26.4% | -29.5% | -27.9% | 28.6% | 36.7% | -6.3% | -14.6% | 19.9% | 14.3% | -30.0% | 25.0% | 77.8% | 12.5% | 14.3% | - |
| Cost of Revenue | $1.99M | $1.8M | $1.85M | $2.02M | $1.96M | $1.93M | $1.91M | $1.45M | $1.87M | $2.61M | $1.92M | $1.49M | $876K | $783K | $936K | $684K | $702K | $1.08M | $1.36M | $485K | $693K | $531K | $529K | $776K | $674K | $631K | $1.24M | $682K | $645K | $597K | $603K | $400K | $500K | $200K | $800K | $300K | $200K | $400K |
| Gross Profit | $1.36M | $1.4M | $1.12M | $1.66M | $1.25M | $1.16M | $1.57M | $1.56M | $1.89M | $2.66M | $2.6M | $1.36M | $934K | $798K | $1.38M | $515K | $465K | $405K | $541K | $1.05M | $1.03M | $851K | $635K | $233K | $698K | $1.31M | $1.46M | $1.42M | $890K | $1.04M | $1.32M | $1.2M | $900K | $1.8M | $800K | $600K | $600K | $300K |
| Gross Margin | 40.5% | 43.7% | 37.6% | 45.1% | 38.9% | 37.6% | 45.2% | 51.8% | 50.3% | 50.5% | 57.5% | 47.9% | 51.6% | 50.5% | 59.6% | 43.0% | 39.8% | 27.3% | 28.5% | 68.4% | 59.8% | 61.6% | 54.6% | 23.1% | 50.9% | 67.5% | 54.2% | 67.5% | 58.0% | 63.5% | 68.6% | 75.0% | 64.3% | 90.0% | 50.0% | 66.7% | 75.0% | 42.9% |
| Research and Development | $545K | $517K | $581K | $541K | $616K | $656K | $589K | $674K | $528K | $169K | $92K | $38K | $35K | $34K | $36K | $43K | $28K | $0 | $4K | $299K | $544K | $271K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $970K | $972K | $1.11M | $1.09M | $1.67M | $1.07M | $1.01M | $1.24M | $1.34M | $1.34M | $2.24M | $1.07M | $1.08M | $1.28M | $1.45M | $1.08M | $948K | $1.11M | $1.18M | $4.37M | $5.47M | $2.58M | $720K | $952K | $1.15M | $1.66M | $2.03M | $2.16M | $1.61M | $1.01M | $992K | $1M | $800K | $1.1M | $1M | $1.2M | $1M | $800K |
| Other | $0 | $0 | $241K | $0 | $88K | $110K | $23K | $22K | -$1.38M | $12K | $4K | $4K | $46K | $21K | $92K | $0 | $0 | $0 | $0 | $0 | $0 | $139K | $0 | $0 | $0 | $253K | -$127K | -$41K | $0 | $0 | $0 | $100K | $100K | $100K | $100K | $100K | $100K | $0 |
| Total Operating Expenses | $1.51M | $1.49M | $1.94M | $1.63M | $2.38M | $1.83M | $1.62M | $1.94M | $1.95M | $1.52M | $2.33M | $1.12M | $1.16M | $1.34M | $1.57M | $1.12M | $976K | $1.11M | $1.18M | $4.67M | $6.01M | $2.99M | $720K | $952K | $1.15M | $1.91M | $1.91M | $2.12M | $1.61M | $1.01M | $992K | $1.1M | $900K | $1.2M | $1.1M | $1.3M | $1.1M | $800K |
| Operating Income (EBIT) | -$159K | -$94K | -$820K | $30K | -$1.13M | -$670K | -$18K | -$375K | -$66K | $1.14M | $263K | $250K | -$224K | -$538K | -$195K | -$609K | -$511K | -$707K | -$643K | -$3.62M | -$4.98M | -$2.14M | -$85K | -$719K | -$457K | -$599K | -$445K | -$705K | -$723K | $27K | $324K | $100K | $200K | $600K | -$300K | -$700K | -$500K | -$500K |
| Operating Margin | -4.8% | -2.9% | -27.6% | 0.8% | -35.2% | -21.7% | -0.5% | -12.4% | -1.8% | 21.6% | 5.8% | 8.8% | -12.4% | -34.1% | -8.4% | -50.8% | -43.8% | -47.6% | -33.9% | -235.2% | -288.9% | -155.1% | -7.3% | -71.2% | -33.3% | -30.8% | -16.5% | -33.6% | -47.1% | 1.6% | 16.9% | 6.3% | 14.3% | 30.0% | -18.8% | -77.8% | -62.5% | -71.4% |
| Interest Expense | $37K | $40K | $23K | $19K | $16K | $10K | $9K | $9K | $7K | $5K | $6K | $6K | $4K | $4K | $5K | $4K | $7K | $43K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $8K | $13K | $29K | $13K | $3K | $15K | $27K | $27K | $18K | $3K | $301 | $5K | $5K | $5K | $6K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | $60K | -$28K | -$57K | -$6K | $681K | $4K | -$8K | $18K | $11K | -$2K | -$2K | $115K | -$1K | $1K | $2K | $4K | -$715K | -$10.66M | -$2.34M | -$1.45M | -$290K | $96K | -$52K | $65K | $154K | $0 | $0 | $0 | $0 | -$20K | -$279K | $100K | $0 | -$500K | $0 | $100K | $100K | $100K |
| Income Before Tax (EBT) | -$99K | -$122K | -$877K | $24K | -$448K | -$666K | -$26K | -$357K | -$55K | $1.14M | $261K | $359K | -$225K | -$537K | -$193K | -$605K | -$1.22M | -$11.32M | -$2.98M | -$5.07M | -$5.27M | -$2.05M | -$138K | -$654K | -$303K | -$599K | $0 | -$705K | -$723K | $7K | $45K | $100K | $0 | $200K | $0 | -$600K | -$400K | -$400K |
| Income Tax Expense | $2K | $2K | $0 | $121K | $936K | -$68K | $70K | -$14K | -$165K | -$69K | -$857K | $6K | $5K | $5K | -$170K | $0 | $708K | -$2.43M | -$88K | $3.48M | $2.19M | $181K | $52K | -$65K | $0 | $0 | $0 | $265K | $0 | $0 | -$153K | -$100K | $0 | $100K | $200K | -$100K | $0 | $0 |
| Net Income | -$100K | -$123K | -$877K | -$96K | -$1.38M | -$598K | -$96K | -$343K | $110K | $1.21M | $1.12M | $359K | -$225K | -$537K | -$23K | -$605K | -$1.22M | -$8.9M | -$2.89M | -$8.17M | -$7.17M | -$2.32M | -$138K | -$654K | -$303K | -$599K | -$445K | -$970K | -$723K | $7K | $198K | $200K | $0 | $200K | -$300K | -$600K | -$500K | -$400K |
| Net Income Margin | -3.0% | -3.8% | -29.6% | -2.6% | -43.2% | -19.4% | -2.7% | -11.3% | 2.9% | 22.9% | 24.8% | 12.6% | -12.4% | -34.0% | -1.0% | -50.5% | -104.5% | -598.8% | -152.6% | -531.0% | -415.9% | -168.2% | -11.8% | -64.8% | -22.1% | -30.8% | -16.5% | -46.2% | -47.1% | 0.4% | 10.3% | 12.5% | - | 10.0% | -18.8% | -66.7% | -62.5% | -57.1% |
| Supplementary Data | ||||||||||||||||||||||||||||||||||||||
| EPS | -0.00 | -0.00 | -0.01 | -0.00 | -0.02 | -0.01 | -0.00 | -0.01 | 0.00 | 0.02 | 0.02 | 0.01 | -0.00 | -0.01 | -0.00 | -0.01 | -0.02 | -0.16 | -0.05 | -0.15 | -0.13 | -0.04 | -0.00 | -0.01 | -0.01 | -0.01 | -0.01 | -0.02 | -0.02 | 0.00 | 0.01 | 0.01 | 0.00 | 0.01 | -0.01 | -0.02 | -0.02 | -0.01 |
| Diluted EPS | -0.00 | -0.00 | -0.01 | -0.00 | -0.02 | -0.01 | -0.00 | -0.01 | 0.00 | 0.02 | 0.02 | 0.01 | -0.00 | -0.01 | -0.00 | -0.01 | -0.02 | -0.16 | -0.05 | -0.15 | -0.13 | -0.04 | -0.00 | -0.01 | -0.01 | -0.01 | -0.01 | -0.02 | -0.02 | 0.00 | 0.01 | 0.01 | 0.00 | 0.01 | -0.01 | -0.02 | -0.02 | -0.01 |
| Weighted Average OS | 67.59M | 67.59M | 67.59M | 67.59M | 67.59M | 67.59M | 67.59M | 67.59M | 67.59M | 67.15M | 66.28M | 64.94M | 64.94M | 57.49M | 56.94M | 54.54M | 53.94M | 53.94M | 53.94M | 53.88M | 53.88M | 52.55M | 51.01M | 48.13M | 47.38M | 47.38M | 47.38M | 46.78M | 42.48M | 43.30M | 43.87M | 42.48M | 42.48M | 30.00M | 30.00M | 30.00M | 30.00M | 40.00M |
| EBITDA | -$60K | $12K | -$733K | $80K | -$1.02M | -$521K | $22K | -$309K | -$9K | $1.16M | $272K | $255K | -$173K | -$512K | -$96K | -$565K | $266K | $9.99M | -$624K | -$1.53M | -$3.91M | -$1.93M | $114K | -$598K | -$239K | -$347K | -$186K | -$545K | -$658K | $54K | $324K | $100K | $100K | $1.2M | -$200K | -$700K | -$500K | -$600K |
| EBITDA Margin | -1.8% | 0.4% | -24.7% | 2.2% | -31.9% | -16.9% | 0.6% | -10.2% | -0.2% | 22.0% | 6.0% | 9.0% | -9.5% | -32.4% | -4.2% | -47.2% | 22.8% | 672.2% | -32.9% | -99.5% | -227.0% | -139.9% | 9.8% | -59.3% | -17.4% | -17.8% | -6.9% | -26.0% | -42.9% | 3.3% | 16.9% | 6.3% | 7.1% | 60.0% | -12.5% | -77.8% | -62.5% | -85.7% |
Balance Sheet
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 | FY 1995 | FY 1994 | FY 1993 | FY 1992 | FY 1991 | FY 1990 | FY 1989 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 | 2018-03-31 | 2017-03-31 | 2016-03-31 | 2015-03-31 | 2014-03-31 | 2013-03-31 | 2012-03-31 | 2011-03-31 | 2010-03-31 | 2009-03-31 | 2008-03-31 | 2007-03-31 | 2006-03-31 | 2005-03-31 | 2004-03-31 | 2003-03-31 | 2002-03-31 | 2001-03-31 | 2000-03-31 | 1999-03-31 | 1998-03-31 | 1997-03-31 | 1996-03-31 | 1995-03-31 | 1994-03-31 | 1993-03-31 | 1992-03-31 | 1991-03-31 | 1990-03-31 | 1989-03-31 |
| Assets | ||||||||||||||||||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||||||||||||||||||
| Cash and Cash Equivalents | $256K | $383K | $537K | $1M | $1.04M | $1.55M | $1.44M | $1.56M | $1.69M | $1.98M | $1.4M | $216K | $83K | $105K | $299K | $155K | $691K | $1.16M | $2.07M | $2.5M | $983K | $3.01M | $90K | $50K | $52K | $113K | $322K | $496K | $1.13M | $1.17M | $1.22M | $300K | $300K | $0 | $100K | $200K | $700K | $1.3M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $256K | $383K | $537K | $1M | $1.04M | $1.55M | $1.44M | $1.56M | $1.69M | $1.98M | $1.4M | $216K | $83K | $105K | $299K | $155K | $691K | $1.16M | $2.07M | $2.5M | $983K | $3.01M | $90K | $50K | $52K | $113K | $322K | $496K | $1.13M | $1.17M | $1.22M | $300K | $300K | $0 | $100K | $200K | $700K | $1.3M |
| Accounts Receivable | $516K | $528K | $345K | $498K | $730K | $1.15M | $861K | $917K | $1.21M | $863K | $589K | $616K | $271K | $159K | $285K | $116K | $111K | $112K | $101K | $126K | $295K | $103K | $118K | $76K | $216K | $211K | $260K | $354K | $318K | $315K | $201K | $400K | $200K | $200K | $400K | $200K | $100K | $0 |
| Inventory | $251K | $336K | $313K | $443K | $288K | $227K | $373K | $326K | $201K | $370K | $216K | $138K | $95K | $20K | $261K | $232K | $179K | $303K | $469K | $206K | $274K | $328K | $223K | $248K | $339K | $230K | $343K | $448K | $321K | $204K | $190K | $200K | $200K | $200K | $300K | $200K | $200K | $100K |
| Other Current Assets | $0 | $2K | $19K | $41K | $99K | $47K | $24K | $29K | $12K | $36K | $661K | $249K | $243K | $232K | $258K | $251K | $255K | $250K | $84K | $35K | $13K | $651K | $422K | $462K | $712K | $831K | $36K | $103K | $24K | $143K | $273K | $500K | $400K | $100K | $100K | $0 | $100K | $100K |
| Total Current Assets | $1.02M | $1.25M | $1.21M | $1.99M | $2.21M | $2.97M | $2.7M | $2.83M | $3.11M | $3.25M | $2.87M | $1.22M | $692K | $516K | $1.1M | $754K | $1.24M | $1.82M | $2.73M | $2.87M | $1.56M | $4.09M | $853K | $836K | $1.32M | $1.39M | $961K | $1.4M | $1.79M | $1.84M | $1.88M | $1.4M | $1.1M | $500K | $900K | $600K | $1.1M | $1.5M |
| Long-Term Assets | ||||||||||||||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $222K | $313K | $400K | $482K | $513K | $618K | $764K | $95K | $133K | $171K | $27K | $3K | $6K | $14K | $24K | $42K | $56K | $60K | $55K | $38K | $50K | $92K | $189K | $331K | $61K | $101K | $148K | $186K | $76K | $55K | $49K | $400K | $100K | $100K | $200K | $500K | $600K | $400K |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $8K | $15K | $22K | $13K | $16K | $19K | $22K | $9K | $10K | $12K | $13K | $14K | $16K | $55K | $66K | $140K | $162K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $315K | $226K | $109K | $365K | $208K | $220K | $330K | $330K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $763K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $20K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $125K | $1.08M | $1.02M | $1.11M | $1.09M | $926K | $447K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $259K | $324K | $393K | $244K | $274K | $302K | $223K | $176K | $203K | $162K | $70K | $104K | $116K | $322K | $144K | $134K | $151K | $257K | $2.34M | $2.9M | $1.63M | $1.06M | $106K | $146K | $630K | $1.02M | $1.85M | $1.76M | $967K | $978K | $954K | $600K | $1.2M | $1.1M | $200K | $200K | $100K | $100K |
| Total Long-Term Assets | $804K | $878K | $925K | $1.1M | $1.14M | $2.24M | $2.36M | $1.72M | $1.44M | $1.27M | $557K | $122K | $138K | $391K | $234K | $316K | $368K | $1.08M | $2.39M | $2.94M | $1.67M | $1.16M | $294K | $477K | $690K | $1.12M | $2M | $1.94M | $1.04M | $1.03M | $1.02M | $1M | $1.3M | $1.2M | $400K | $700K | $700K | $500K |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $1.83M | $2.13M | $2.14M | $3.09M | $3.35M | $5.21M | $5.05M | $4.55M | $4.55M | $4.52M | $3.42M | $1.34M | $830K | $908K | $1.34M | $1.07M | $1.6M | $2.9M | $5.12M | $5.81M | $3.24M | $5.25M | $1.15M | $1.31M | $2.01M | $2.5M | $2.96M | $3.34M | $2.83M | $2.87M | $2.9M | $2.4M | $2.4M | $1.7M | $1.3M | $1.3M | $1.8M | $2M |
| Liabilities | ||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||||||||||||||||
| Accounts Payable | $251K | $299K | $266K | $323K | $330K | $364K | $365K | $276K | $287K | $269K | $276K | $329K | $208K | $186K | $149K | $184K | $123K | $116K | $237K | $181K | $420K | $173K | $160K | $201K | $252K | $186K | $136K | $273K | $397K | $142K | $58K | $100K | $100K | $200K | $200K | $0 | $0 | $0 |
| Short-Term Debt | $513K | $526K | $508K | $259K | $439K | $586K | $51K | $201K | $31K | $31K | $97K | $122K | $137K | $148K | $160K | $186K | $201K | $197K | -$154K | $0 | $0 | $0 | $0 | $0 | $110K | $73K | $341K | $145K | $111K | $0 | $0 | $0 | $0 | $100K | $100K | $0 | $100K | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $130K | $202K | $201K | $360K | $264K | $294K | $355K | $321K | $122K | $125K | $108K | $99K | $0 | $0 | $21K | $0 | $0 | $39K | $242K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $0 | $0 | $0 | $232K | $220K | -$129K | $290K | $280K | $344K | $578K | $445K | $498K | $386K | $386K | $56K | $41K | $101K | $242K | $35K | $839K | $300K | $51K | $60K | $79K | $103K | $38K | $59K | $46K | $92K | $152K | $100K | $0 | $0 | $100K | $100K | $200K | $100K |
| Total Current Liabilities | $1.05M | $1.15M | $1.12M | $1.11M | $1.47M | $1.46M | $1.01M | $1.09M | $720K | $769K | $1.06M | $995K | $843K | $720K | $716K | $426K | $365K | $453K | $567K | $216K | $1.26M | $473K | $211K | $260K | $442K | $362K | $515K | $478K | $554K | $234K | $211K | $200K | $100K | $300K | $400K | $100K | $300K | $100K |
| Long-Term Liabilities | ||||||||||||||||||||||||||||||||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $12K | $425K | $706K | $22K | $55K | $84K | $0 | $0 | $0 | $0 | $0 | $0 | $11K | $0 | $0 | $0 | $5.65M | $6.11M | $135K | $135K | $25K | $85K | $0 | $0 | $49K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $100K |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $79K | $79K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.53M | $0 | $0 | $0 | $0 | $211K | $0 | $0 | $0 | $0 | $66K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $209K | $307K | $322K | $410K | $503K | $992K | $706K | $22K | $55K | $84K | $0 | $0 | $0 | $0 | $0 | $0 | $11K | $0 | $0 | $0 | $8.18M | $6.11M | $135K | $135K | $25K | $296K | $0 | $0 | $49K | $0 | $66K | $0 | $0 | $0 | $0 | $0 | $0 | $100K |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $100K | $100K | $0 | $100K | $0 | $0 |
| Total Liabilities | $1.26M | $1.46M | $1.45M | $1.52M | $1.98M | $2.46M | $1.71M | $1.11M | $775K | $853K | $1.06M | $995K | $843K | $720K | $716K | $426K | $376K | $453K | $567K | $216K | $9.44M | $6.59M | $346K | $395K | $467K | $658K | $515K | $478K | $603K | $234K | $277K | $200K | $200K | $400K | $400K | $200K | $300K | $200K |
| Stockholders' Equity | ||||||||||||||||||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $34K | $34K | $34K | $34K | $34K | $34K | $34K | $34K | $34K | $34K | $34K | $32K | $32K | $30K | $28K | $28K | $27K | $27K | $27K | $27K | $27K | $27K | $26K | $25K | $0 | $0 | $0 | $24K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Retained Earnings | -$33.07M | -$32.97M | -$32.95M | -$32.07M | -$31.97M | -$30.59M | -$29.99M | -$29.89M | -$29.55M | -$29.66M | -$30.87M | -$31.98M | -$32.34M | -$32.12M | -$31.58M | -$31.56M | -$30.95M | -$29.73M | -$27.63M | -$24.74M | -$16.57M | -$8.37M | -$6.04M | -$5.9M | $0 | $0 | $0 | -$3.9M | $0 | $0 | $0 | -$2.4M | -$2.7M | -$2.7M | -$2.9M | -$2.6M | -$2.1M | -$1.6M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$56K | -$42K | -$28K | $0 | -$5K | -$254K | -$1.1M | -$1.03M | -$1.07M | $1.54M | $1.84M | $2.44M | -$586K | $0 | $0 | $0 | -$500K | -$400K | -$400K | -$400K | -$300K | -$200K | -$100K |
| Other Stockholders' Equity | $33.61M | $33.61M | $33.6M | $33.6M | $33.31M | $33.31M | $33.29M | $33.29M | $33.29M | $33.29M | $33.2M | $32.3M | $32.3M | $32.28M | $32.17M | $32.17M | $32.15M | $32.15M | $32.15M | $30.3M | $10.34M | $7M | $6.81M | $6.79M | $1.54M | $1.84M | $2.44M | $6.74M | $2.23M | $2.64M | $2.63M | $4.6M | $4.9M | $4M | $3.8M | $3.7M | $3.7M | $3.4M |
| Total Equity | $571K | $671K | $692K | $1.57M | $1.37M | $2.76M | $3.34M | $3.43M | $3.78M | $3.67M | $2.36M | $346K | -$13K | $188K | $621K | $644K | $1.23M | $2.45M | $4.55M | $5.59M | -$6.2M | -$1.34M | $801K | $917K | $1.54M | $1.84M | $2.44M | $2.87M | $2.23M | $2.64M | $2.63M | $2.2M | $2.2M | $1.3M | $900K | $1.1M | $1.6M | $1.8M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $1.83M | $2.13M | $2.14M | $3.09M | $3.35M | $5.21M | $5.05M | $4.55M | $4.55M | $4.52M | $3.42M | $1.34M | $830K | $908K | $1.34M | $1.07M | $1.6M | $2.9M | $5.12M | $5.81M | $3.24M | $5.25M | $1.15M | $1.31M | $2.01M | $2.5M | $2.96M | $3.34M | $2.83M | $2.87M | $2.9M | $2.4M | $2.4M | $1.7M | $1.3M | $1.3M | $1.9M | $2M |
| Supplementary Data | ||||||||||||||||||||||||||||||||||||||
| Total Debt | $741K | $847K | $918K | $753K | $1.02M | $1.58M | $758K | $224K | $86K | $115K | $97K | $122K | $137K | $148K | $160K | $186K | $212K | $197K | $0 | $0 | $5.65M | $6.11M | $135K | $135K | $135K | $158K | $341K | $145K | $160K | $0 | $0 | $0 | $0 | $100K | $100K | $0 | $100K | $100K |
| Net Debt | $486K | $464K | $381K | -$251K | -$21K | $31K | -$681K | -$1.33M | -$1.61M | -$1.87M | -$1.3M | -$94K | $54K | $43K | -$139K | $31K | -$479K | -$959K | -$2.07M | -$2.5M | $4.67M | $3.1M | $45K | $85K | $83K | $45K | $19K | -$351K | -$968K | -$1.17M | -$1.22M | -$300K | -$300K | $100K | $0 | -$200K | -$600K | -$1.2M |
Cash Flow Statement
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 | FY 1995 | FY 1994 | FY 1993 | FY 1992 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 | 2018-03-31 | 2017-03-31 | 2016-03-31 | 2015-03-31 | 2014-03-31 | 2013-03-31 | 2012-03-31 | 2011-03-31 | 2010-03-31 | 2009-03-31 | 2008-03-31 | 2007-03-31 | 2006-03-31 | 2005-03-31 | 2004-03-31 | 2003-03-31 | 2002-03-31 | 2001-03-31 | 2000-03-31 | 1999-03-31 | 1998-03-31 | 1997-03-31 | 1996-03-31 | 1995-03-31 | 1994-03-31 | 1993-03-31 | 1992-03-31 |
| Operating Activities | |||||||||||||||||||||||||||||||||||
| Net Income | -$100K | -$123K | -$877K | -$96K | -$1.38M | -$598K | -$96K | -$343K | $110K | $1.21M | $1.12M | $359K | -$225K | -$537K | -$23K | -$605K | -$1.22M | -$8.9M | -$2.89M | -$8.17M | -$7.17M | -$2.32M | -$138K | -$654K | -$303K | -$599K | -$445K | -$970K | -$723K | $7K | $198K | $200K | $0 | $200K | -$300K |
| Depreciation & Amortization | $99K | $94K | $87K | $37K | $107K | $150K | $40K | $39K | $39K | $18K | $5K | $5K | $46K | $21K | $43K | $43K | $62K | $38K | $19K | $1.71M | $778K | $306K | $147K | $186K | $218K | $253K | $259K | $160K | $65K | $27K | $0 | -$100K | -$100K | -$100K | -$100K |
| Deferred Income Tax | $0 | $0 | $0 | $125K | $956K | -$62K | $88K | -$15K | -$166K | -$69K | -$857K | $0 | $0 | $0 | $0 | -$227 | $0 | -$2.43M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $265K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $4K | $0 | $69K | $0 | $18K | $0 | $0 | $0 | $99K | $599K | $0 | $0 | $104K | $0 | $21K | $0 | $10.66M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||||||||||||||||||||
| Accounts Receivable | $13K | -$184K | $82K | $232K | -$190K | -$258K | -$9K | -$74K | -$445K | -$274K | $27K | -$367K | -$114K | $126K | -$169K | -$4K | -$11K | -$6K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$200K | $0 | $0 | -$200K |
| Inventory | $136K | -$125K | $98K | -$311K | -$67K | -$56K | -$229K | -$231K | -$198K | -$166K | -$110K | -$101K | $34K | $67K | -$73K | -$52K | $52K | $201K | -$261K | -$9K | $59K | -$106K | $25K | $90K | -$109K | $113K | $106K | -$128K | $92K | -$14K | $1K | $0 | $0 | $0 | $200K |
| Accounts Payable | -$48K | $33K | -$57K | -$7K | -$35K | -$1K | $90K | -$11K | $18K | -$7K | -$53K | $121K | $22K | $38K | -$35K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $100K | -$100K | $0 | $100K |
| Other Working Capital | -$166K | $75K | -$430K | $21K | -$38K | -$90K | -$15K | $193K | -$30K | -$321K | $139K | $40K | $123K | -$15K | $345K | $82K | $8K | -$257K | $324K | $1.41M | $745K | $913 | -$60K | $372K | $146K | $205K | -$271K | $13K | -$91K | $21K | -$114K | -$200K | $100K | $0 | $0 |
| Total Working Capital Change | -$65K | -$201K | -$307K | -$65K | -$330K | -$405K | -$163K | -$123K | -$656K | -$768K | $3K | -$307K | $64K | $216K | $67K | $26K | $50K | -$62K | $63K | $1.4M | $805K | -$105K | -$34K | $463K | $37K | $318K | -$165K | -$115K | $1K | $6K | -$113K | -$300K | -$100K | -$200K | $100K |
| Other Non-Cash Items | -$57K | $237K | $387K | $55K | $76K | $129K | $102K | $166K | $413K | $8K | $67K | $93K | $68K | -$4K | $75K | -$5K | $746K | $2K | $2.4M | $4.42M | $1.87M | $63K | $64K | $0 | $0 | $2K | $47K | $359K | $262K | -$46K | $329K | $200K | $200K | $100K | $200K |
| Net Cash from Operating | -$124K | $10K | -$710K | $125K | -$575K | -$770K | $70K | -$276K | -$260K | $493K | $935K | $150K | -$47K | -$200K | $162K | -$520K | -$361K | -$686K | -$416K | -$636K | -$3.72M | -$2.06M | $39K | -$6K | -$48K | -$28K | -$304K | -$301K | -$395K | -$5K | $414K | $100K | -$100K | -$300K | -$100K |
| Investing Activities | |||||||||||||||||||||||||||||||||||
| Capital Expenditures | $0 | $0 | -$15K | $0 | $0 | $0 | -$15K | $0 | $0 | -$31K | -$27K | $0 | $0 | $0 | -$6K | -$7K | $0 | -$227K | -$30K | -$26K | -$22K | -$47K | $0 | $0 | -$9K | -$2K | -$5K | -$44K | -$15K | -$33K | -$3K | $0 | $0 | $0 | -$100K |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $9K | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | -$226K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$39K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$300K | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $8K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $120K | $251K | $300K | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | -$15K | $0 | $0 | $233K | -$525 | -$1K | $36K | $10K | $14K | $18K | -$53K | -$200K | $20K | $2.5M | $0 | -$50K | $703 | -$26K | $5K | $4K | -$61K | -$272K | $91K | -$20K | $168K | $0 | -$400K | $0 | $0 |
| Net Cash from Investing | $0 | -$226K | -$15K | $0 | $0 | $0 | -$15K | $0 | $0 | $202K | -$28K | -$1K | $36K | $18K | $8K | $11K | -$91K | -$428K | -$10K | $2.48M | -$22K | -$96K | $703 | -$26K | -$4K | $2K | -$66K | -$316K | $85K | $67K | $416K | $0 | -$400K | $0 | -$100K |
| Financing Activities | |||||||||||||||||||||||||||||||||||
| Debt Repaid | $896 | $5K | - | - | $3K | -$692K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $300K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1K | $750 | $30K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $67K | -$14K | -$37K | -$39K | -$11K | $170K | $386K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $200K | $0 | -$326K | $1.71M | $5.08M | $0 | $0 | -$10K | -$183K | $196K | -$14K | $303K | $0 | $0 | $0 | $800K | $200K | $200K |
| Net Cash from Financing | -$3K | $62K | $258K | -$259K | $66K | $878K | -$172K | $138K | -$29K | -$111K | $275K | -$15K | -$11K | -$12K | -$26K | -$27K | -$13K | $197K | $0 | -$326K | $1.71M | $5.08M | $750 | $30K | -$10K | -$183K | $196K | -$14K | $263K | $0 | -$2K | $0 | $800K | $200K | $200K |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $500K | $0 | $0 |
| Net Change in Cash | -$127K | -$154K | -$467K | -$134K | -$508K | $108K | -$117K | -$138K | -$289K | $583K | $1.18M | $133K | -$22K | -$194K | $144K | -$536K | -$465K | -$917K | -$426K | $1.52M | -$2.03M | $2.92M | $40K | -$2K | -$62K | -$209K | -$174K | -$631K | -$47K | $61K | $827K | $100K | $800K | -$100K | $0 |
| Supplementary Data | |||||||||||||||||||||||||||||||||||
| Operating Cash Flow | -$124K | $10K | -$710K | $125K | -$575K | -$770K | $70K | -$276K | -$260K | $493K | $935K | $150K | -$47K | -$200K | $162K | -$520K | -$361K | -$686K | -$416K | -$636K | -$3.72M | -$2.06M | $39K | -$6K | -$48K | -$28K | -$304K | -$301K | -$395K | -$5K | $414K | $100K | -$100K | -$300K | -$100K |
| Capital Expenditure | $0 | $0 | -$15K | $0 | $0 | $0 | -$15K | $0 | $0 | -$31K | -$27K | $0 | $0 | $0 | -$6K | -$7K | $0 | -$227K | -$30K | -$26K | -$22K | -$47K | $0 | $0 | -$9K | -$2K | -$5K | -$44K | -$15K | -$33K | -$3K | $0 | $0 | $0 | -$100K |
| Free Cash Flow | -$124K | $10K | -$724K | $125K | -$575K | -$770K | $55K | -$276K | -$260K | $461K | $908K | $150K | -$47K | -$200K | $156K | -$527K | -$361K | -$913K | -$446K | -$662K | -$3.74M | -$2.11M | $39K | -$6K | -$57K | -$30K | -$309K | -$345K | -$410K | -$39K | $411K | $100K | -$100K | -$300K | -$200K |
| Cash at Beginning | $383K | $537K | $1M | $1.14M | $1.55M | $1.44M | $1.56M | $1.69M | $1.98M | $1.4M | $216K | $83K | $105K | $299K | $155K | $691K | $1.16M | $2.07M | $2.5M | $983K | $3.01M | $90K | $50K | $52K | $113K | $322K | $496K | $1.13M | $1.17M | $1.11M | $287K | $300K | $0 | $100K | $100K |
| Cash at End | $256K | $383K | $537K | $1M | $1.04M | $1.55M | $1.44M | $1.56M | $1.69M | $1.98M | $1.4M | $216K | $83K | $105K | $299K | $155K | $691K | $1.16M | $2.07M | $2.5M | $983K | $3.01M | $90K | $50K | $52K | $113K | $322K | $496K | $1.13M | $1.17M | $1.11M | $400K | $800K | $0 | $100K |