v3.25.2

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Jun. 30, 2025	Mar. 31, 2025
Current assets:
Cash and cash equivalents	$ 369,790	$ 382,969
Accounts receivable, net of credit losses of $975,597 at June 30, 2025 and March 31, 2025, respectively	556,803	528,383
Inventories	388,970	336,270
Prepaid expenses and other current assets	11,285	1,800
Total current assets	1,326,848	1,249,422
Other Assets:
Long-term inventory	216,214	220,401
Operating lease right-of-use asset	290,905	313,189
Loan receivable, net of allowance for doubtful accounts of $240,965 at June 30, 2025 and March 31, 2025, respectively.	89,125	89,125
Investments	451,500	225,750
Intangible assets, net of accumulated amortization of $36,983 and $35,242 at June 30, 2025 and March 31, 2025, respectively	13,326	15,067
Other assets	0	14,917
Total other assets	1,061,070	878,449
Total assets	2,387,918	2,127,871
Current liabilities:
Accounts payable	343,406	299,007
Bank overdraft	89,820	147,503
Accrued expenses and other current liabilities	49,128	29,240
PPP loan	0	896
Line of credit	379,678	377,161
Operating lease liability	93,373	93,373
Customer deposits	152,948	201,968
Total current liabilities	1,108,353	1,149,148
Long-term liabilities
Due to employee	79,449	79,449
Operating lease liability less current portion	205,020	227,928
Total long-term liabilities	284,469	307,377
Total liabilities	1,392,822	1,456,525
Stockholders' equity:
Preferred stock, $.01 par value; 5,000,000 shares authorized, no shares issued and outstanding	0	0
Common stock, $0.0005 par value; 150,000,000 shares authorized, 67,588,492 shares issued and outstanding	33,794	33,794
Additional paid-in capital	33,607,772	33,607,772
Accumulated deficit	(32,646,470)	(32,970,220)
Total stockholders' equity	995,096	671,346
Total liabilities and stockholders' equity	$ 2,387,918	$ 2,127,871

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

ADM TRONICS UNLIMITED, INC. 10-Q