$PETV

Technologies Scan Corp

CIK:0001512922|SEC Filings

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Revenues	$ 337,572	$ 297,500
Cost of Sales	114,255	110,774
Gross Profit	223,317	186,726
Operating Expenses:
Sales and Marketing	631,305	621,712
Research and Development	233,419	340,513
General and Administrative	967,442	1,068,818
Total Operating Expenses	1,832,166	2,031,043
Operating Loss	(1,608,849)	(1,844,317)
Other Income (Expense)
Loss on Disposal of Assets		(149,125)
Unrealized Loss on Change in Derivative Liabilities		(320,404)
Other Income		111,518
Interest Income		13,099
Interest expense	(5,039)	(121,808)
Total Other Income (Expense)	(5,039)	(466,720)
Loss before taxes	(1,613,888)	(2,311,037)
Income Tax Provision
Net Loss	(1,613,888)	(2,311,037)
Less: Series B Preferred Stock Dividends	(125,000)	(28,603)
Net Loss Available to Common Stockholders	$ (1,738,888)	$ (2,339,640)
Net Loss Per Share:
Basic	$ (0.05)	$ (0.10)
Diluted	$ (0.05)	$ (0.10)
Weighted Average Common Shares Outstanding:
Basic	37,055,261	24,302,790
Diluted	37,055,261	24,302,790

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Loss	$ (1,613,888)	$ (2,311,037)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:
Stock-based compensation	460,609	133,197
Depreciation and amortization	134,671	117,890
Amortization of Right-of-Use asset	16,057	15,722
Unrealized loss on change in fair value of derivatives		320,404
Loss on disposal of fixed assets		149,125
Amortization of debt discount		66,259
Common stock issued for services	160,000	40,420
Changes in Operating Assets and Liabilities
Prepaid expenses and other current assets	(13,330)	56,076
Accounts receivable	17,051	34,625
Inventory	87,032	(205,838)
Accounts payable and accrued expenses	(202,933)	(87,996)
Lease liabilities	(16,057)	(15,722)
Accrued interest on notes payable	5,009	53,120
Net Cash (Used In) Operating Activities	(965,779)	(1,633,755)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of equipment	(12,370)
Net Cash (Used in) Investing Activities	(12,370)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds received from common stock subscription receivable	600,000
Proceeds from issuance of common stock	150,000
Proceeds received from preferred stock subscription receivable		4,400,000
Proceeds from the issuance of convertible debentures		160,000
Proceeds from the exercise of warrants		140,000
Proceeds from the issuance of notes payable	150,000	12,000
Repayments of notes payable		(2,090)
Net Cash Provided by Financing Activities	900,000	4,709,910
Net (decrease)/increase in Cash	(78,149)	3,076,155
Cash at Beginning of Period	200,782	227,689
Cash at End of Period	122,633	3,303,844
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Interest		2,635
Stock granted for consulting services		161,000
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING AND INVESTING ACTIVITIES
(Decrease) increase to operating lease right of use asset and operating lease liability		(859,504)
Vesting of restricted stock units		150
Dividends declared on Series B preferred stock	125,000
Convertible debentures and accrued interest converted to common stock		301,558
Common stock issued for prepaid consulting fees	$ 160,000

Consolidated Balance Sheets (Unaudited) - USD ($)	Jun. 30, 2026	Mar. 31, 2026
Current Assets
Cash	$ 122,633	$ 200,782
Accounts receivable, net of allowance for credit losses	83,792	100,843
Subscriptions receivable		600,000
Inventory	451,334	538,366
Prepaid expenses and other current assets	283,260	269,930
Total Current Assets	941,019	1,709,921
Property and Equipment, net	447,089	448,881
Other Assets:
Operating lease right-of-use assets	38,654	54,711
Patents and trademarks, net	20,000	20,509
Licensing Agreement, net	1,059,889	1,179,889
Investments	150,000	150,000
Security deposit	12,830	12,830
Total Other Assets	1,281,373	1,417,939
Total Assets	2,669,481	3,576,741
Current Liabilities
Accounts payable	453,291	547,421
Accrued expenses	344,911	453,713
Operating lease liabilities – current portion	38,654	54,711
Notes payable and accrued interest – current portion	476,456	321,447
Total Current Liabilities	1,313,312	1,377,292
Total Liabilities	1,313,312	1,377,292
Commitments and Contingencies (Note 11)
Stockholders’ Equity:
Common Stock, par value $0.001, 250,000,000 shares authorized, 37,594,245 and 35,849,919 issued and outstanding at June 30, 2026 and March 31, 2026, respectively	37,595	35,850
Common stock to be issued	48,000	649,750
Additional Paid-In Capital	104,316,968	102,821,355
Accumulated Deficit	(103,051,394)	(101,312,506)
Total Stockholders’ Equity	1,356,169	2,199,449
Total Liabilities and Stockholders’ Equity	2,669,481	3,576,741
Preferred Class B [Member]
Stockholders’ Equity:
Preferred stock, value	$ 5,000	$ 5,000