Company:  ESCALON MEDICAL CORP (ESMC)
Form Type:  10-Q
Filing Date:  5/14/2021 
CIK:  0000862668 
Address:  435 DEVON PARK ROAD
BUILDING 100
 
City, State, Zip:  WAYNE, Pennsylvania 19087 
Telephone:  (610) 688-6830 
Fiscal Year:  06/30 
Last Trade
Last Trade: 
$0.09  
Change: 
0.00 (0.00%)  
Trade Time: 
Aug 09  
Market Cap: 
$0.68M
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Description of Business
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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  FORM 10-Q
    PART I. FINANCIAL INFORMATION
      FINANCIAL STATEMENTS
        BALANCE SHEET
        INCOME STATEMENT
        STOCKHOLDERS EQUITY
        CASH FLOW
        Notes to Unaudited Condensed Consolidated Financial Statements
      ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL ...
      Item 4. Controls and Procedures
    Part II. OTHER INFORMATION
      Item 6. Exhibits
  EXHIBIT 31.1
  EXHIBIT 31.2
  EXHIBIT 32.1
  EXHIBIT 32.2