| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Cash and cash equivalents | 5,225,625 | - | ||
| Trade, net of provision for credit losses of 870,000 at september 30, 2025 and 470,000 at march 31, 2025 | 628,382 | 1,836,427 | ||
| Other receivables | 8,300 | 8,900 | ||
| Total accounts receivable | 636,682 | 1,845,327 | ||
| Amount due from factor | 70,782 | 831,216 | ||
| Inventories - finished goods | 672,359 | 1,012,259 | ||
| Cash - investment | - | 3,338,228 | ||
| Cash | - | 482,166 | ||
| Prepaid expenses | 164,388 | 71,030 | ||
| Total current assets | 6,769,836 | 7,580,226 | ||
| Total assets | 6,769,836 | 7,580,226 | ||
| Convertible debenture | 1,762,355 | - | ||
| Derivative component of convertible debenture | 814,000 | - | ||
| Accounts payable-Nonrelated Party | 268,071 | 260,212 | ||
| Accrued payroll and employee benefits | 93,945 | 143,982 | ||
| Accrued commissions and other | 170,000 | 202,000 | ||
| Total current liabilities | 3,108,371 | 606,194 | ||
| Common stock, .01 par value per share authorized 20,000,000 shares 2,312,887 shares issued and outstanding at september 30, 2025 and march 31, 2025 | 23,129 | 23,129 | ||
| Additional paid-in capital | 12,885,841 | 12,885,841 | ||
| Accumulated deficit | -9,247,505 | -5,934,938 | ||
| Total shareholders' equity | 3,661,465 | 6,974,032 | ||
| Total liabilities and shareholders' equity | 6,769,836 | 7,580,226 | ||
UNIVERSAL SAFETY PRODUCTS, INC. (UUU)
UNIVERSAL SAFETY PRODUCTS, INC. (UUU)