$POCI

PRECISION OPTICS Corp INC

CIK:0000867840|SEC Filings

Statements of Operations - USD ($)	12 Months Ended
Statements of Operations - USD ($)	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Revenues	$ 31,531,765	$ 19,091,269
Cost of goods sold	26,100,545	15,686,836
Gross profit	5,431,220	3,404,433
Research and development expenses, net	1,033,156	1,157,963
Selling, general and administrative expenses	7,906,672	7,797,761
Total operating expenses	8,939,828	8,955,724
Operating loss	(3,508,608)	(5,551,291)
Other income (expense):
Interest expense	(148,129)	(227,019)
Interest income	31,804	0
Loss before provision for income taxes	(3,624,933)	(5,778,310)
Provision for income taxes	4,958	1,936
Net loss	$ (3,629,891)	$ (5,780,246)
Loss per share: Basic	$ (0.43)	$ (0.85)
Loss per share: fully diluted	$ (0.43)	$ (0.85)
Weighted average common shares outstanding: Basic	8,530,599	6,790,466
Weighted average common shares outstanding: fully diluted	8,530,599	6,790,466

Statements of Cash Flows - USD ($)	12 Months Ended
Statements of Cash Flows - USD ($)	Jun. 30, 2026	Jun. 30, 2025
Cash Flows from Operating Activities:
Net loss	$ (3,629,891)	$ (5,780,246)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities-
Depreciation and amortization	279,277	212,439
Stock-based compensation expense	1,139,692	1,612,106
Non-cash legal expense	0	34,881
Non-cash interest expense	18,433	11,563
Non-cash operating lease expense	252,336	124
Loss on disposal of fixed assets	34,506	0
Changes in operating assets and liabilities:
Accounts receivable, net	(1,607,682)	(791,239)
Inventories	(267,302)	(694,012)
Prepaid expenses	(109,098)	(86,026)
Accounts payable	673,574	1,511,787
Contract liabilities	676,572	649,579
Accrued compensation and other	989,364	(76,658)
Net cash used in operating activities	(1,550,219)	(3,395,702)
Cash Flows from Investing Activities:
Additional patent costs	(5,564)	(6,264)
Proceeds from sale of fixed assets	3,000	0
Purchases of property and equipment	(426,786)	(227,209)
Net cash used in investing activities	(429,350)	(233,473)
Cash Flows from Financing Activities:
Payment of capital lease obligations	(27,368)	(41,114)
Principal payments of long-term debt	(596,333)	(280,440)
Payment of debt issuance costs	0	(40,000)
Repayments on line of credit	0	(1,000,000)
Gross proceeds from registered direct offerings of common stock	0	6,270,136
Proceeds from public offering of common stock, net	10,630,678	0
Gross proceeds from exercise of stock options	39,999	89,050
Net cash provided by financing activities	10,046,976	4,997,632
Net increase in cash and cash equivalents	8,067,407	1,368,457
Cash and cash equivalents, beginning of year	1,773,735	405,278
Cash and cash equivalents, end of year	9,841,142	1,773,735
Supplemental disclosure of cash flow information:
Cash paid during the year for income taxes	2,600	1,936
Cash paid during the year for interest	129,696	216,456
Leasehold improvements financed by landlord	218,750	0
Issuance of common stock for consulting and employee services	100,500	151,698
Stock based compensation for employee services included in accrued compensation and other	90,000	0
Operating right-of-use assets obtained in exchange for operating lease liabilities	$ 2,632,584	$ 133,650

Balance Sheets - USD ($)	Jun. 30, 2026	Jun. 30, 2025
Current Assets:
Cash and cash equivalents	$ 9,841,142	$ 1,773,735
Accounts receivable, net of allowance for credit losses of $108,220 at June 30, 2026 and $80,192 at June 30, 2025	5,944,412	4,336,730
Inventories, net	3,829,414	3,562,112
Prepaid expenses	494,488	385,390
Total current assets	20,109,456	10,057,967
Fixed Assets:
Machinery and equipment	3,410,813	3,385,958
Leasehold improvements	1,226,171	871,356
Furniture and fixtures	645,046	538,428
Total fixed assets	5,282,030	4,795,742
Less—Accumulated depreciation and amortization	4,394,317	4,261,950
Net fixed assets	887,713	533,792
Operating lease right-of-use asset	2,300,866	141,825
Patents, net	212,889	232,493
Goodwill	8,824,210	8,824,210
Total other assets	11,337,965	9,198,528
TOTAL ASSETS	32,335,134	19,790,287
Current Liabilities:
Current portion of capital lease obligation	0	27,368
Current maturities of long-term debt	577,898	577,898
Accounts payable	3,582,674	2,909,100
Customer advances	2,498,501	1,821,929
Accrued compensation and other	1,843,368	764,004
Current portion of operating lease liabilities	325,500	50,995
Total current liabilities	8,827,941	6,151,294
Long-term debt, net of current maturities	711,305	1,289,205
Operating lease liability, net of current portion	2,446,576	90,954
Total liabilities	11,985,822	7,531,453
Stockholders’ Equity:
Common stock, $0.01 par value: 50,000,000 shares authorized; issued and outstanding – 10,972,792 shares at June 30, 2026 and 7,714,701 shares at June 30, 2025	109,728	77,147
Additional paid-in capital	80,840,105	69,152,317
Accumulated deficit	(60,600,521)	(56,970,630)
Total stockholders’ equity	20,349,312	12,258,834
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 32,335,134	$ 19,790,287