Company:
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ESCALON MEDICAL CORP (ESMC)
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Form Type:
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10-Q
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Filing Date:
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11/14/2018
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CIK:
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0000862668
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Address:
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435 DEVON PARK ROAD BUILDING 100
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City, State, Zip:
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WAYNE, Pennsylvania 19087
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Telephone:
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(610) 688-6830
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Fiscal Year:
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06/30
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Last Trade
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Last Trade:
$0.09
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Change:
0.00 (0.00%)
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Trade Time:
Aug 09
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Market Cap:
$0.68M
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Description of Business
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Escalon Medical Corp. ("Escalon" or "Company") is a Pennsylvania corporation
initially incorporated in California in 1987, and reincorporated in Pennsylvania
in November 2001. Within this document, the "Company" collectively shall mean
Escalon, which includes its division called "Trek" and its wholly owned
subsidiaries: Sonomed, Inc. ("Sonomed"), Escalon Digital Solutions, Inc.
("EMI"),and Sonomed IP Holdings, Inc. All intercompany accounts and transactions
have been eliminated. The Company dissolved two other inactive entities, Escalon
Holding, Inc. ("EHI"), and Escalon IP Holdings Inc. in a tax-free dissolution
under Section 332 of the Internal Revenue Code in the year ended June 30, 2021.
The Company operates in the healthcare market, specializing in the
development, manufacture, marketing and distribution of medical devices for
ophthalmic applications.
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