v3.25.2

Balance Sheets - USD ($)	Jun. 30, 2025	Jun. 30, 2024
Current Assets:
Cash and cash equivalents	$ 1,773,735	$ 405,278
Accounts receivable, net of allowance for credit losses of $80,192 at June 30, 2025 and $118,872 at June 30, 2024	4,336,730	3,545,491
Inventories, net	3,562,112	2,868,100
Prepaid expenses	385,390	299,364
Total current assets	10,057,967	7,118,233
Fixed Assets:
Machinery and equipment	3,385,958	3,341,194
Leasehold improvements	871,356	810,914
Furniture and fixtures	538,428	416,425
Total fixed assets	4,795,742	4,568,533
Less—Accumulated depreciation and amortization	4,261,950	4,074,960
Net fixed assets	533,792	493,573
Operating lease right-of-use asset	141,825	189,999
Patents, net	232,493	286,559
Goodwill	8,824,210	8,824,210
Total other assets	9,198,528	9,300,768
TOTAL ASSETS	19,790,287	16,912,574
Current Liabilities:
Revolving line of credit	0	1,000,000
Current portion of capital lease obligation	27,368	41,113
Current maturities of long-term debt	577,898	276,928
Accounts payable	2,909,100	1,397,313
Customer advances	1,821,929	1,172,350
Accrued compensation and other	764,004	840,662
Operating lease liability	50,995	178,450
Total current liabilities	6,151,294	4,906,816
Capital lease obligation, net of current portion	0	27,369
Long-term debt, net of current maturities	1,289,205	1,899,052
Operating lease liability, net of current portion	90,954	11,549
Total liabilities	7,531,453	6,844,786
Stockholders’ Equity:
Common stock, $0.01 par value: 50,000,000 shares authorized; issued and outstanding – 7,714,701 shares at June 30, 2025 and 6,073,939 shares at June 30, 2024	77,147	60,739
Additional paid-in capital	69,152,317	61,197,433
Accumulated deficit	(56,970,630)	(51,190,384)
Total stockholders’ equity	12,258,834	10,067,788
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 19,790,287	$ 16,912,574

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).

PRECISION OPTICS CORPORATION, INC. 10-K