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Form Type:  10-Q
Filing Date:  11/15/2021 
CIK:  0000862668 
Address:  435 DEVON PARK ROAD
City, State, Zip:  WAYNE, Pennsylvania 19087 
Telephone:  (610) 688-6830 
Fiscal Year:  06/30 
Last Trade
Last Trade: 
0.00 (0.00%)  
Trade Time: 
May 11  
Market Cap: 
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© 2022  
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.