DYNATRONICS CORP

CIK:0000720875|SEC Filings

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Sep. 30, 2025	Sep. 30, 2024
Condensed Consolidated Statements of Operations (Unaudited)
Net sales	$ 7,024,027	$ 7,602,249
Cost of sales	5,292,398	5,621,442
Gross profit	1,731,629	1,980,807
Selling, general, and administrative expenses	1,820,092	2,231,803
Operating loss	(88,463)	(250,996)
Other expense:
Interest expense, net	(103,366)	(106,348)
Net other expense	(103,366)	(106,348)
Loss before income taxes	(191,829)	(357,344)
Income tax provision	(10,028)	(9,304)
Net loss	(201,857)	(366,648)
Preferred stock dividend, in common stock, issued or to be issued	(183,550)	(167,738)
Net loss attributable to common stockholders	$ (385,407)	$ (534,386)
Net loss per common share:
Basic	$ (0.03)	$ (0.09)
Diluted	$ (0.03)	$ (0.09)
Weighted average shares outstanding:
Basic	13,034,261	5,890,394
Diluted	13,034,261	5,890,394

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Sep. 30, 2025	Sep. 30, 2024
Cash flows from operating activities:
Net loss	$ (201,857)	$ (366,648)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Depreciation and amortization of property and equipment	108,204	155,245
Amortization of intangible assets	103,943	154,575
Stock-based compensation	0	1,200
Change in allowance for credit losses	(18,162)	(13,925)
Change in allowance for inventory obsolescence	27,865	(18,900)
Amortization of deferred gain on sale/leaseback	(37,612)	(37,612)
Change in operating assets and liabilities:
Trade accounts receivable	97,777	402,776
Inventories	222,360	141,399
Prepaid expenses and other receivables	41,594	9,664
Other assets	30,304	30,302
Accounts payable, accrued expenses, and other current liabilities	(467,733)	(357,430)
Net cash (used in) provided by operating activities	(93,317)	100,646
Cash flows from investing activities:
Purchase of property and equipment	(296)	0
Net cash used in investing activities	(296)	0
Cash flows from financing activities:
Principal payments on finance lease liability	(78,434)	(74,169)
Net change in line of credit	607,451	(231,952)
Net cash provided by (used in) financing activities	529,017	(306,121)
Net change in cash and cash equivalents and restricted cash	435,404	(205,475)
Cash and cash equivalents and restricted cash at beginning of the period	376,754	534,328
Cash and cash equivalents and restricted cash at end of the period	812,158	328,853
Supplemental disclosure of cash flow information:
Cash paid for interest	67,207	66,029
Supplemental disclosure of non-cash investing and financing activities
Preferred stock dividend, in common stock, issued or to be issued	183,550	167,738
Operating lease right-of-use assets obtained in exchange for lease obligations	$ 0	$ 464,866

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Sep. 30, 2025	Jun. 30, 2025
Current assets:
Cash and Cash Equivalent	$ 761,748	$ 326,344
Restricted cash	50,410	50,410
Trade accounts receivable, less allowance for credit losses of $42,185 and $60,347 as of September 30, 2025 and June 30, 2025, respectively	2,721,285	2,800,900
Other receivables	57,040	186,403
Inventories, net	4,824,123	5,074,348
Prepaid expenses	603,549	515,780
Total current assets	9,018,155	8,954,185
Property and equipment, net	1,406,035	1,513,872
Operating lease assets	2,938,284	3,195,211
Intangible assets, net	1,327,439	1,431,382
Other assets	313,988	344,292
Total assets	15,003,901	15,438,942
Current liabilities:
Accounts payable	3,167,812	3,404,121
Accrued payroll and benefits expense	242,595	360,893
Accrued expense	776,857	878,874
Warranty reserve	100,548	105,664
Line of credit	2,604,407	1,996,956
Current portion of finance lease liability	324,933	320,423
Current portion of deferred gain	150,448	150,448
Current portion of operating lease liability	1,057,991	1,018,696
Total current liabilities	8,425,591	8,236,075
Finance lease liability, net of current portion	1,025,503	1,108,448
Deferred gain, net of current portion	438,806	476,418
Operating lease liability, net of current portion	1,889,848	2,185,998
Other liabilities	163,806	169,799
Total liabilities	11,943,554	12,176,738
Commitments and contingencies
Stockholders' equity:
Preferred stock, no par value: Authorized 50,000,000 shares; 3,351,000 shares issued and outstanding as of September 30, 2025 and June 30, 2025	7,980,788	7,980,788
Common stock, no par value: Authorized 100,000,000 shares; 13,177,495 shares and 10,619,543 shares issued and outstanding as of September 30, 2025 and June 30, 2025, respectively	35,976,967	35,793,417
Accumulated deficit	(40,897,408)	(40,512,001)
Total stockholders' equity	3,060,347	3,262,204
Total liabilities and stockholders' equity	$ 15,003,901	$ 15,438,942