TIKK · As filed with the SEC

Tel Instrument Electronics balance sheet, by quarter

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	Q4 FY25 Mar 31, 2025	Q3 FY25 Dec 31, 2024	Q2 FY25 Sep 30, 2024	Q1 FY25 Jun 30, 2024
Current assets:
Cash	121,587	192,783	242,366	149,550
Accounts receivable, net	645,346	1,138,791	813,801	1,763,680
Inventories, net	4,027,236	4,008,012	4,989,908	5,208,229
Prepaid expenses and other current assets	158,689	194,548	205,649	213,024
Total current assets	4,952,858	5,534,134	6,251,724	7,334,483
Equipment and leasehold improvements, net	42,108	47,839	55,330	64,165
Operating lease right-of-use assets	1,114,352	1,167,650	1,220,431	1,272,700
Deferred tax asset, net	0	2,801,936	2,655,964	2,439,427
Other assets	35,109	35,109	35,109	35,109
Total assets	6,144,427	9,586,668	10,218,558	11,145,884
Current liabilities:
Line of credit	1,000,000	1,000,000	965,000	1,000,000
Promissory Notes – Related Parties	120,500	120,500	120,500	80,500
Operating lease liabilities - current portion	229,624	208,076	206,061	204,064
Accrued expenses - other	—	264,954	174,350	179,748
Accounts payable – Accounts payable, related party of $102,710 and $140,511, respectively	790,553	814,637	1,009,392	1,242,906
Deferred revenues - current portion	443,659	261,306	231,808	57,778
Accrued expenses - vacation pay, payroll and payroll withholdings	288,304	201,257	280,159	265,948
Accrued expenses - other	238,792	—	—	—
Total current liabilities	3,111,432	2,870,730	2,987,270	3,030,944
Operating lease liabilities – long-term	884,728	959,574	1,014,370	1,068,636
Other long term liabilities	37,589	39,567	41,546	43,524
Deferred revenues – long-term	122,917	75,522	90,205	104,963
Total liabilities	4,156,666	3,945,393	4,133,391	4,248,067
Commitments and contingencies (Note 20)	—	0	0	0
Stockholders’ equity
Series A Preferred Stock	4,355,998	4,295,998	4,235,998	4,175,998
Series B Preferred Stock	1,816,701	1,788,701	1,760,701	1,732,701
Series C Preferred Stock	360,895	354,475	348,055	341,635
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	6,112,302	6,194,131	6,286,607
Accumulated deficit	(10,908,051)	(7,235,787)	(6,779,304)	(5,964,710)
Total stockholders’ equity	1,987,761	5,641,275	6,085,167	6,897,817
Total liabilities and stockholders’ equity	6,144,427	9,586,668	10,218,558	11,145,884

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