$LCTC

Lifeloc Technologies, Inc

CIK:0001493137|SEC Filings

Condensed Statements of Profit (Loss) (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
REVENUES:
Product sales	$ 2,434,697	$ 2,191,260	$ 4,724,456	$ 4,454,307
Royalties	10,260	19,800	14,313	25,471
Rental income	0	8,316	0	16,632
Total	2,444,957	2,219,376	4,738,769	4,496,410
COST OF SALES	1,352,431	1,294,777	2,659,169	2,663,245
GROSS PROFIT	1,092,526	924,599	2,079,600	1,833,165
OPERATING EXPENSES:
Research, development, and sustaining engineering	560,281	623,262	974,726	1,092,942
Sales and marketing	320,968	339,528	634,197	674,084
General and administrative	314,853	340,074	702,255	724,952
Total	1,196,102	1,302,864	2,311,178	2,491,978
OPERATING (LOSS)	(103,576)	(378,265)	(231,578)	(658,813)
OTHER INCOME (EXPENSE):
Interest income	8,856	10,931	15,387	23,288
Interest expense	(39,610)	(26,305)	(70,852)	(50,800)
Total	(30,754)	(15,374)	(55,465)	(27,512)
NET (LOSS) BEFORE PROVISION FOR TAXES	(134,330)	(393,639)	(287,043)	(686,325)
BENEFIT FROM FEDERAL AND STATE INCOME TAXES	0	0	0	0
NET (LOSS)	$ (134,330)	$ (393,639)	$ (287,043)	$ (686,325)
NET (LOSS) PER SHARE, BASIC	$ (0.05)	$ (0.14)	$ (0.10)	$ (0.25)
NET (LOSS) PER SHARE, DILUTED	$ (0.05)	$ (0.14)	$ (0.10)	$ (0.25)
WEIGHTED AVERAGE SHARES, BASIC	2,752,616	2,752,616	2,752,616	2,723,768
WEIGHTED AVERAGE SHARES, DILUTED	2,752,616	2,752,616	2,752,616	2,723,768

Condensed Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss)	$ (287,043)	$ (686,325)
Adjustments to reconcile net (loss) to net cash (used in) operating activities-
Depreciation and amortization	135,962	216,419
Amortization of debt issuance costs	12,103	5,886
Changes in operating assets and liabilities-
Accounts receivable	(54,335)	(33,189)
Inventories	(205,902)	7,645
Federal and state income taxes receivable	0	25,029
Prepaid expenses and other	(86,076)	(120,034)
Deposits and other	0	0
Accounts payable	199,491	141,419
Customer deposits	(5,358)	(6,186)
Accrued expenses	29,029	55,416
Deferred revenue	(448)	4,344
Net cash (used in) operating activities	(262,577)	(389,576)
CASH FLOWS (USED IN) INVESTING ACTIVITIES:
Purchases of sales and marketing equipment	(5,370)	(5,462)
Purchases of research and development equipment, software and space modifications	(14,411)	(17,348)
Purchases of research and development equipment, software and space modifications not in service	0	(219,441)
Net cash (used in) investing activities	(19,781)	(242,251)
CASH FLOWS PROVIDED BY (USED IN) FINANCING ACTIVITIES:
Principal payments made on term loan	(28,290)	(27,469)
Proceeds from issuance of subordinated debenture	0	75,000
Proceeds (related party) from issuance of term loan	500,000	0
Principal payments made on subordinated debentures	(27,145)	0
Proceeds from issuance of shares from option exercise	0	336,300
Net cash provided from (used in) financing activities	444,565	383,831
NET INCREASE (DECREASE) IN CASH	162,207	(247,996)
CASH, BEGINNING OF PERIOD	746,001	1,243,746
CASH, END OF PERIOD	908,208	995,750
SUPPLEMENTAL INFORMATION:
Cash paid for interest	59,264	44,914
Cash paid for income tax	0	150
Income tax refund received	0	25,179
Non-cash financing and investing activities: warrants issued with subordinated debenture	$ 0	$ 12,000

Condensed Balance Sheets (Unaudited) - USD ($)	Jun. 30, 2026	Dec. 31, 2025
CURRENT ASSETS:
Cash and cash equivalents	$ 908,208	$ 746,001
Accounts receivable, net	826,715	772,380
Inventories, net	2,839,516	2,633,614
Federal and state income taxes receivable	55,981	55,981
Prepaid expenses and other	146,901	60,825
Total current assets	4,777,321	4,268,801
PROPERTY, PLANT AND EQUIPMENT:
Land	317,932	317,932
Building	1,928,795	1,928,795
Real-time Alcohol Detection And Recognition equipment and software	569,448	569,448
Production equipment, software and space modifications	1,366,539	1,366,539
Office equipment, software and space modifications	197,686	197,686
Sales and marketing equipment and space modifications	230,543	225,173
Research and development equipment, software and space modifications	1,247,201	1,213,195
Research and development equipment, software and space modifications not in service	0	19,595
Less accumulated depreciation	(3,670,607)	(3,538,455)
Total property and equipment, net	2,187,537	2,299,908
OTHER ASSETS:
Patents, net	67,229	71,039
Deposits and other	46,820	46,820
Total other assets	114,049	117,859
Total assets	7,078,907	6,686,568
CURRENT LIABILITIES:
Accounts payable	501,118	301,627
Term loans payable, current portion	94,774	54,850
Subordinated debentures payable, current portion	35,697	33,371
Customer deposits	20,336	25,694
Accrued expenses	350,141	321,112
Deferred revenue, current portion	50,464	53,716
Product warranty reserve	46,500	46,500
Total current liabilities	1,099,030	836,870
TERM LOAN PAYABLE, net of current portion and debt issuance costs	1,030,364	1,058,426
TERM LOAN PAYABLE (Related Party), net of current portion and debt issuance costs	460,922	0
SUBORDINATED DEBENTURES PAYABLE, net of current portion and debt issuance costs	662,901	681,343
DEFERRED REVENUE, net of current portion	8,955	6,151
Total liabilities	3,262,172	2,582,790
COMMITMENTS AND CONTINGENCIES (Note 6)
STOCKHOLDERS’ EQUITY:
Common stock, no par value; 50,000,000 shares authorized, 2,752,616 shares outstanding	5,934,314	5,934,314
Accumulated deficit	(2,117,579)	(1,830,536)
Total stockholders’ equity	3,816,735	4,103,778
Total liabilities and stockholders’ equity	$ 7,078,907	$ 6,686,568