TIKK · As filed with the SEC

Tel Instrument Electronics balance sheet, by fiscal year

The statement as Tel Instrument Electronics presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.

Consolidated Balance Sheets · USD

USD	FY2025 Mar 31, 2025	FY2024 Mar 31, 2024	FY2023 Mar 31, 2023	FY2022 Mar 31, 2022
Current assets:
Cash	—	132,013	3,839,398	4,949,690
Cash	121,587	—	—	—
Accounts receivable, net	645,346	1,110,548	900,881	1,049,040
Inventories, net	4,027,236	5,411,644	3,586,065	2,820,497
Restricted cash to support appeal bond	—	0	2,011,083	2,011,050
Prepaid expenses and other current assets	158,689	214,161	817,625	244,040
Total current assets	4,952,858	6,868,366	11,155,052	11,074,317
Equipment and leasehold improvements, net	42,108	73,195	85,167	115,338
Operating lease right-of-use assets	1,114,352	1,324,463	1,526,551	1,720,921
Deferred tax asset, net	0	2,450,657	2,627,935	2,499,587
Other assets	35,109	35,109	35,109	35,109
Total assets	6,144,427	10,751,790	15,429,814	15,445,272
Current liabilities:
Line of credit	1,000,000	690,000	690,000	—
Promissory Notes – Related Parties	120,500	—	—	—
Operating lease liabilities - current portion	229,624	210,111	202,087	194,370
Accounts payable – Accounts payable, related party of $102,710 and $140,511, respectively	790,553	1,276,935	322,582	406,489
Deferred revenues - current portion	443,659	72,803	123,117	119,835
Accrued expenses - vacation pay, payroll and payroll withholdings	288,304	248,713	240,034	410,538
Accrued legal damages	—	0	6,360,698	6,097,273
Accrued expenses - other	238,792	120,027	157,896	174,145
Total current liabilities	3,111,432	2,618,589	8,096,414	7,402,650
Operating lease liabilities – long-term	884,728	1,114,352	1,324,464	1,526,551
Other long term liabilities	—	—	53,416	0
Other long term liabilities	37,589	45,501	—	—
Deferred revenues – long-term	122,917	119,721	173,883	289,071
Total liabilities	4,156,666	3,898,163	9,648,177	9,218,272
Stockholders’ equity
Series A Preferred Stock	4,355,998	4,115,998	3,875,998	3,695,998
Series B Preferred Stock	1,816,701	1,704,701	1,207,367	1,147,367
Series C Preferred Stock	360,895	335,215	—	—
Common stock, 7,000,000 shares authorized, par value $.10 per share, 3,255,887 and 3,255,887 shares issued and outstanding, respectively	325,586	325,586	325,586	325,586
Additional paid-in capital	6,036,632	6,379,085	6,721,535	7,018,353
Accumulated deficit	(10,908,051)	(6,006,958)	(6,348,849)	(5,960,304)
Total stockholders’ equity	1,987,761	6,853,627	5,781,637	6,227,000
Total liabilities and stockholders’ equity	6,144,427	10,751,790	15,429,814	15,445,272

As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.