Adapti, Inc. (ADTI)
Adapti, Inc. engages in the sale and brand development of health and beauty products. The company also acquires or licenses performing brands to add to its portfolio of products and brands. It sells cosmetics under the Dermacia brand through its related websites and other online marketplaces. The company was formerly known as Scepter Holdings, Inc., and changed its name to Adapti, Inc. in May 2025. Adapti, Inc. was incorporated in 2007 and is based in Dallas, Texas.
Sector: Services-Amusement & Recreation Services
Industry: Household & Personal Products
Adapti, Inc.
OTC:ADTIConsumer Defensive · Household & Personal Products
Mkt Cap$19.27M
Float7.28M
O/S8.1M
Inst Own-
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$5K
Net Income-$960K
Total Assets$1K
Free Cash Flow-$250K
Debt & Equity
Total Debt$513K
Total Equity-$1.04M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in ADTI's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$1K
Liabilities$1.04M
Accounts Receivable$640
Accounts Payable$100K
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2009 | FY 2008 | FY 2007 |
|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 | 2010-03-31 | 2009-03-31 | 2008-03-31 |
| Revenue | $5K | $14K | $15K | $118K | $146K | $30K | $149 | $0 | $0 | $0 |
| YoY Growth | -64.2% | -11.5% | -86.9% | -19.5% | 388.5% | 19980.5% | - | - | - | - |
| Cost of Revenue | $0 | $12K | $6K | $14K | $56K | $29K | $0 | $0 | $0 | $0 |
| Gross Profit | $5K | $2K | $10K | $104K | $90K | $1K | $149 | $0 | $0 | $0 |
| Gross Margin | 100.0% | 15.5% | 63.3% | 88.2% | 61.9% | 4.2% | 100.0% | - | - | - |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $909K | $1.6M | $1.74M | $839K | $629K | $384K | $202K | $22K | $9K | $11K |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $909K | $1.6M | $1.74M | $839K | $629K | $384K | $202K | $22K | $14K | $25K |
| Operating Income (EBIT) | -$904K | -$1.59M | -$1.73M | -$735K | -$539K | -$383K | -$202K | -$22K | -$14K | -$25K |
| Operating Margin | -18464.0% | -11662.7% | -11222.2% | -625.2% | -368.5% | -1278.7% | -135516.8% | - | - | - |
| Interest Expense | $57K | $9K | $34K | $79K | $21K | $189 | $317 | $0 | $0 | $0 |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$57K | -$9K | -$19K | -$29K | -$21K | -$189 | -$314 | $0 | $0 | $0 |
| Income Before Tax (EBT) | -$960K | -$1.6M | -$1.75M | -$764K | -$560K | -$383K | -$202K | $0 | $0 | $0 |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $22K | $14K | $25K |
| Net Income | -$960K | -$1.6M | -$1.75M | -$764K | -$560K | -$383K | -$202K | -$22K | -$14K | -$25K |
| Net Income Margin | -19618.8% | -11731.4% | -11345.2% | -649.9% | -383.2% | -1279.4% | -135727.5% | - | - | - |
| Supplementary Data | ||||||||||
| EPS | -0.64 | -0.60 | -0.30 | -0.58 | -0.42 | -0.29 | -0.15 | -4.41 | -2.77 | -12.00 |
| Diluted EPS | -0.64 | -0.60 | -0.30 | -0.58 | -0.42 | -0.29 | -0.15 | -4.41 | -2.77 | -12.00 |
| Weighted Average OS | 1.49M | 2.83M | 5.01M | 1.32M | 1.32M | 1.32M | 1.32M | 5,100 | 5,100 | 2,160 |
| EBITDA | $0 | $105K | $3K | -$449K | -$539K | -$383K | -$202K | -$22K | -$22K | -$14K |
| EBITDA Margin | - | 768.9% | 18.3% | -381.6% | -368.5% | -1278.7% | -135516.8% | - | - | - |
Balance Sheet
| Period | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2009 | FY 2008 | FY 2007 |
|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 | 2010-03-31 | 2009-03-31 | 2008-03-31 |
| Assets | ||||||||||
| Current Assets | ||||||||||
| Cash and Cash Equivalents | $572 | $702 | $7K | $224K | $103K | $6K | $22K | $22 | $27 | $10K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $572 | $702 | $7K | $224K | $103K | $6K | $22K | $22 | $27 | $10K |
| Accounts Receivable | $640 | $2K | $390 | $223 | $1K | $1K | $29K | $0 | $0 | $0 |
| Inventory | $0 | $105K | $192K | $955K | $0 | $0 | $1.07M | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $0 | $0 | $969K | $1 | $0 | $0 | $0 | $0 |
| Total Current Assets | $1K | $108K | $200K | $1.18M | $1.07M | $1.05M | $1.12M | $22 | $27 | $10K |
| Long-Term Assets | ||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $2.12M | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $0 | $0 | $2.17M | $50K | $2.17M | $2.15M | $2.15M | $0 | $0 | $0 |
| Total Long-Term Assets | $0 | $0 | $2.17M | $2.17M | $2.17M | $2.15M | $2.15M | $0 | $0 | $0 |
| Other Assets | $0 | $0 | -$2.17M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $1K | $108K | $200K | $3.35M | $3.25M | $3.2M | $3.27M | $22 | $27 | $10K |
| Liabilities | ||||||||||
| Current Liabilities | ||||||||||
| Accounts Payable | $100K | $140K | $326K | $71K | $14K | $15K | $50K | $26K | $26K | $0 |
| Short-Term Debt | $506K | $346K | $16K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | -$23K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $0 | $23K | $460K | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Liabilities | $1K | $486K | $341K | $531K | $14K | $15K | $50K | $26 | $4 | $0 |
| Long-Term Liabilities | ||||||||||
| Long-Term Debt | $7K | $7K | $7K | $194K | $542K | $696K | $450K | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $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 |
| Other Long-Term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $7K | $7K | $7K | $194K | $542K | $696K | $450K | $0 | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $1.04M | $493K | $348K | $725K | $556K | $712K | $500K | $26K | $4K | $0 |
| Stockholders' Equity | ||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $1.3M | $1.3M | $0 | $0 | $0 |
| Common Stock | $2K | $5.84M | $5.36M | $4.55M | $4.1M | $2.04M | $1.94M | $20K | $5K | $5K |
| Retained Earnings | -$9.51M | -$8.45M | -$6.84M | -$2.2M | -$1.43M | -$871K | -$488K | -$63K | -$40K | -$26K |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | -$2.04M | -$1.94M | $0 | $0 | $0 |
| Other Stockholders' Equity | $8.47M | $2.22M | $1.33M | $273K | $16K | $1.32M | $1.32M | $16K | $32K | $32K |
| Total Equity | -$1.04M | -$386K | -$149K | $2.63M | $2.69M | $2.49M | $2.77M | -$26K | -$4K | $10K |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $1K | $108K | $200K | $3.35M | $3.25M | $3.2M | $3.27M | $22 | $27 | $10K |
| Supplementary Data | ||||||||||
| Total Debt | $513K | $353K | $23K | $194K | $542K | $696K | $450K | $0 | $0 | $0 |
| Net Debt | $513 | $352K | $16K | -$30K | $439K | $690K | $429K | -$22 | -$27 | -$10K |
Cash Flow Statement
| Period | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2009 | FY 2008 | FY 2007 |
|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 | 2010-03-31 | 2009-03-31 | 2008-03-31 |
| Operating Activities | ||||||||||
| Net Income | -$960K | -$1.6M | -$1.75M | -$764K | -$560K | -$383K | -$202K | -$22K | -$14K | -$25K |
| Depreciation & Amortization | $904K | $1.7M | $1.73M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $128K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||
| Accounts Receivable | $1K | -$2K | -$167 | $1K | -$147 | $28K | $0 | $0 | $0 | $0 |
| Inventory | $0 | $87K | $3K | $14K | $72K | $28K | -$920K | $0 | $0 | $0 |
| Accounts Payable | $385K | -$185K | $284K | $57K | -$713 | -$35K | -$270K | $22K | $4K | $0 |
| Other Working Capital | $195K | $9K | -$7K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Working Capital Change | $582K | -$91K | $280K | $72K | $71K | $21K | -$1.19M | $22K | $4K | $0 |
| Other Non-Cash Items | -$904K | -$333K | -$48K | $0 | $0 | -$21K | $0 | $0 | $0 | $500 |
| Net Cash from Operating | -$250K | -$328K | $213K | -$692K | -$489K | -$362K | -$1.39M | -$5 | -$10K | -$25K |
| Investing Activities | ||||||||||
| Capital Expenditures | $0 | -$4 | $0 | $0 | -$23K | $0 | -$1.43M | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | -$50K | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $4 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $0 | $0 | $0 | $0 | -$23K | $0 | -$1.48M | $0 | $0 | $0 |
| Financing Activities | ||||||||||
| Debt Repaid | - | - | - | $347K | $155K | -$246K | -$174K | - | - | - |
| Common Stock Issuance | $0 | $0 | $1.69M | $701K | $2.06M | $100K | $2.72M | $0 | $0 | $35K |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | -$1.3M | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $35K |
| Net Cash from Financing | $250K | $322K | -$430K | $814K | $608K | $346K | $2.89M | $0 | $0 | $35K |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$130 | -$6K | -$217K | $121K | $97K | -$16K | $21K | -$5 | -$10K | $10K |
| Supplementary Data | ||||||||||
| Operating Cash Flow | -$250K | -$328K | $213K | -$692K | -$489K | -$362K | -$1.39M | -$5 | -$10K | -$25K |
| Capital Expenditure | $0 | -$4 | $0 | $0 | -$23K | $0 | -$1.43M | $0 | $0 | $0 |
| Free Cash Flow | -$250K | -$328K | $213K | -$692K | -$511K | -$362K | -$2.82M | -$5 | -$10K | -$25K |
| Cash at Beginning | $702 | $7K | $224K | $103K | $6K | $22K | $365 | $27 | $10K | $0 |
| Cash at End | $572 | $702 | $7K | $224K | $103K | $6K | $22K | $22 | $27 | $10K |