Issue 001 | U.S. Pilot | US

ESMC

ESCALON MEDICAL CORP

Screen state: Passing Source state: Verified 10-Q | 2026-05-15 Filing currency: USD

Open Filing Back to Register Report a correction

Internal NCAV Discount 55.7%

GNNI internal NCAV discount calculation. Market context inputs are retained internally and are not displayed.

Current Assets: 6,566,531USD
Total Liabilities: 3,385,903USD
NCAV: 3,180,628USD
Cash: 3,342,537USD
NCAV per share: 0.43USD/share
Evidence: 10 annual | 25 quarterly

Mary filing review

Financial Statement Evidence

Deterministic observations from the frozen Mary Reason Card. They annotate filing evidence and do not determine screen inclusion.

Not captured in this issue’s Mary run.

This archived issue is not backfilled with observations from a later screening run.

Business Profile

Checklist-driven facts extracted from filing text. Missing fields stay visible in the details.

business_profile_v1

Business profile: 0 of 12 fields established by the current extractor.

Business Profile Field Details

Business Description

Missing Source

Not established by the current extractor from the selected filing context.

Revenue Model

Missing Source

Not established by the current extractor from the selected filing context.

Customers And Channels

Missing Source

Not established by the current extractor from the selected filing context.

Segments And Geography

Missing Source

Not established by the current extractor from the selected filing context.

Tangible Operations Assets

Missing Source

Not established by the current extractor from the selected filing context.

Value Chain

Missing Source

Not established by the current extractor from the selected filing context.

Competition Positioning

Missing Source

Not established by the current extractor from the selected filing context.

Business Lifecycle Cyclicality

Missing Source

Not established by the current extractor from the selected filing context.

Strategy And Capital Allocation

Missing Source

Not established by the current extractor from the selected filing context.

Management Governance Signals

Missing Source

Not established by the current extractor from the selected filing context.

Disclosed Risks

Missing Source

Not established by the current extractor from the selected filing context.

Known Unknowns

Missing Source

Not established by the current extractor from the selected filing context.

Business Profile Sources

Source	Filing	Date	Type	Status	Provenance
S1	0001628280-26-035533	2026-05-15	10-Q	Verified	Data Vault \| sec/cleaned/cik=0000862668/accession=0001628280-26-035533/parser=html-cleaner-v1/full.txt

Historical values can be viewed as reported in each filing or normalized to the latest verified split basis. These are measurement aids, not conclusions about a company.

Policy: no_split_evidence_reported_equals_adjusted | quality: verified

Display basis Normalized to latest verified split basis As reported in each filing

Metric	2026-03-31 10-Q Open filing	2025-12-31 10-Q Open filing	2025-09-30 10-Q Open filing	2025-06-30 10-K Open filing	2025-03-31 10-Q Open filing	2024-12-31 10-Q Open filing	2024-09-30 10-Q Open filing	2024-06-30 10-K Open filing	2024-03-31 10-Q Open filing	2023-12-31 10-Q Open filing	2023-09-30 10-Q Open filing	2023-06-30 10-K Open filing	2023-03-31 10-Q Open filing	2022-12-31 10-Q Open filing	2022-09-30 10-Q Open filing	2022-06-30 10-K Open filing	2022-03-31 10-Q Open filing	2021-12-31 10-Q Open filing	2021-09-30 10-Q Open filing	2021-06-30 10-K Open filing	2020-06-30 10-K Open filing	2019-06-30 10-K Open filing	2018-06-30 10-K Open filing	2017-06-30 10-K Open filing	2016-06-30 10-K Open filing
Period-end Shares Outstanding	7,415,3297,415,329	7,415,3297,415,329	n/an/a	7,415,3297,415,329	7,415,3297,415,329	7,415,3297,415,329	7,415,3297,415,329	7,415,3297,415,329	7,415,3297,415,329	n/an/a	7,415,3297,415,329	7,415,3297,415,329	7,415,3297,415,329	7,415,3297,415,329	7,415,3297,415,329	7,415,3297,415,329	7,415,3297,415,329	7,415,3297,415,329	n/an/a	7,415,3297,415,329	7,415,3297,415,329	7,415,3297,415,329	7,415,3297,415,329	7,526,4307,526,430	7,526,4307,526,430
Weighted-average Basic Shares	7,415,3297,415,329	7,415,3297,415,329	7,415,3297,415,329	7,415,3297,415,329	7,415,3297,415,329	7,415,3297,415,329	7,415,3297,415,329	7,415,3297,415,329	7,415,3297,415,329	7,415,3297,415,329	7,415,3297,415,329	7,415,3297,415,329	7,415,3297,415,329	7,415,3297,415,329	7,415,3297,415,329	7,415,3297,415,329	7,415,3297,415,329	7,415,3297,415,329	7,415,3297,415,329	7,415,3297,415,329	7,415,3297,415,329	7,551,0577,551,057	7,551,4307,551,430	7,541,0137,541,013	7,526,4307,526,430
Weighted-average Diluted Shares	14,510,43614,510,436	14,423,72914,423,729	7,415,3297,415,329	14,252,20214,252,202	14,166,21714,166,217	14,081,61614,081,616	7,415,3297,415,329	7,415,3297,415,329	7,415,3297,415,329	7,415,3297,415,329	7,415,3297,415,329	13,564,20213,564,202	13,478,93613,478,936	7,415,3297,415,329	7,415,3297,415,329	13,220,20213,220,202	7,415,3297,415,329	7,415,3297,415,329	12,876,20212,876,202	7,415,3297,415,329	7,415,3297,415,329	9,141,4689,141,468	7,551,4307,551,430	7,541,0137,541,013	7,526,4307,526,430
Basic EPS	00	-0-0	-0-0	00	00	00	-0-0	-0-0	-0-0	-0-0	00	00	00	-0-0	-0-0	00	-0-0	00	00	-0-0	-0-0	-0-0	00	-0-0	-0-0
Diluted EPS	00	-0-0	-0-0	00	00	00	-0-0	-0-0	-0-0	-0-0	00	00	00	-0-0	-0-0	00	-0-0	00	00	-0-0	-0-0	-0-0	00	-0-0	-0-0
Basic-to-Diluted Share Difference	95.7%	94.5%	0.0%	92.2%	91.0%	89.9%	0.0%	0.0%	0.0%	0.0%	0.0%	82.9%	81.8%	0.0%	0.0%	78.3%	0.0%	0.0%	73.6%	0.0%	0.0%	21.1%	0.0%	0.0%	0.0%
Net Share Count Change	0.0%	Insufficient evidence	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	Insufficient evidence	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	Insufficient evidence	0.0%	0.0%	0.0%	0.0%	-1.5%	0.0%	Insufficient evidence
Ownership Claim Change	0.0%	Insufficient evidence	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	Insufficient evidence	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	Insufficient evidence	0.0%	0.0%	0.0%	0.0%	1.5%	0.0%	Insufficient evidence

Known Unknowns

Medium | Share Count

The current U.S. Pilot does not yet evaluate share-count trends or post-filing dilution beyond Mary's screening flags.

Low | Classification

U.S. Pilot rows are surfaced for source inspection and may still need manual business classification review.

Annual Financials

Latest annual periods, newest first. Missing cells render as n/a.

Metric	2025-06-30 10-K USD	2024-06-30 10-K USD	2023-06-30 10-K USD	2022-06-30 10-K USD	2021-06-30 10-K USD	2020-06-30 10-K USD	2019-06-30 10-K USD	2018-06-30 10-K USD	2017-06-30 10-K USD	2016-06-30 10-K USD
Revenue	12,046,148	11,981,509	12,180,221	10,703,070	10,471,617	9,400,031	9,626,663	11,402,272	11,234,868	11,576,466
Operating Income	133,217	-104,476	478,543	-470,063	-33,697	-1,399,663	-252,955	204,720	-626,893	-1,140,292
Net Income	105,525	-125,261	456,826	18,081	-52,023	-650,280	-250,016	583,675	-726,895	-1,151,513
Cash From Operations	380,725	-602,771	325,146	-1,049,925	838,705	-168,495	-472,689	106,736	-505,996	-1,197,003
Capex	-3,880	-40,285	-6,687	0	-9,390	-59,751	-22,117	-29,352	0	-56,644
Free Cash Flow	376,845	-643,056	318,459	-1,049,925	829,315	-228,246	-494,806	77,384	-505,996	-1,253,647
Cash And Equivalents	545,835	209,033	889,674	593,869	1,650,970	825,958	409,743	874,002	544,118	538,114
Accounts Receivable	1,502,895	2,124,159	1,653,721	1,541,750	1,081,702	1,312,935	1,496,105	1,387,133	1,483,770	1,614,549
Inventory	2,142,263	1,613,118	1,587,989	1,603,955	1,416,727	1,785,030	1,878,860	1,823,414	1,917,938	2,283,148
Total Current Assets	4,611,937	4,396,828	4,637,467	4,185,782	4,592,676	4,333,397	4,312,836	4,584,169	4,155,372	4,717,141
Total Assets	4,993,059	4,757,925	5,307,951	5,172,237	5,682,866	5,722,577	5,127,438	5,426,793	4,984,170	5,530,380
Total Current Liabilities	2,685,248	2,668,939	2,853,059	3,001,998	3,396,763	2,865,007	2,260,209	2,247,021	3,001,243	2,784,316
Total Liabilities	3,077,952	2,948,343	3,373,108	3,694,220	4,222,930	4,210,618	2,965,199	3,014,538	3,800,590	3,619,905
Shareholders Equity	1,915,107	1,809,582	1,934,843	1,478,017	1,459,936	1,511,959	2,162,239	2,412,255	1,183,580	1,910,475
Shares Outstanding	7,415,329	7,415,329	7,415,329	7,415,329	7,415,329	7,415,329	7,415,329	7,415,329	7,526,430	7,526,430
Shares Outstanding Diluted	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Weighted Avg Shares Diluted	14,252,202	7,415,329	13,564,202	13,220,202	7,415,329	7,415,329	7,415,329	9,141,468	7,551,430	7,541,013
Weighted Avg Shares Basic	7,415,329	7,415,329	7,415,329	7,415,329	7,415,329	7,415,329	7,415,329	7,551,057	7,551,430	7,541,013
Net Share Count Change (Normalized)	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	-1.5%	0.0%	Insufficient evidence
Ownership Claim Change (Normalized)	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	1.5%	0.0%	Insufficient evidence

Quarterly Financials

Latest quarterly periods, newest first. Periods are shown only when Data Vault has them.

Metric	2026-03-31 10-Q USD	2025-12-31 10-Q USD	2025-09-30 10-Q USD	2025-06-30 10-K USD	2025-06-30 10-K USD	2025-03-31 10-Q USD	2024-12-31 10-Q USD	2024-09-30 10-Q USD	2024-06-30 10-K USD	2024-06-30 10-K USD	2024-03-31 10-Q USD	2023-12-31 10-Q USD	2023-09-30 10-Q USD	2023-06-30 10-K USD	2023-06-30 10-K USD	2023-03-31 10-Q USD	2022-12-31 10-Q USD	2022-09-30 10-Q USD	2022-06-30 10-K USD	2022-06-30 10-K USD	2022-03-31 10-Q USD	2021-12-31 10-Q USD	2021-09-30 10-Q USD	2021-06-30 10-K USD	2021-06-30 10-K USD
Revenue	2,608,523	3,591,447	2,675,321	2,570,054	2,570,054	3,474,192	3,220,556	2,781,346	3,471,771	3,471,771	2,695,501	2,869,237	2,945,000	3,135,602	3,135,602	3,434,314	3,005,489	2,604,816	2,911,117	2,911,117	2,416,127	2,700,757	2,675,069	2,834,828	2,834,828
Operating Income	-419,263	98,738	-202,751	-627,673	-371,769	276,037	255,904	-26,955	138,303	138,303	-156,608	-70,524	-15,647	204,887	204,887	589,550	3	-315,897	55,388	55,388	-291,913	-49,053	-184,485	82,598	186,350
Net Income	2,373,436	97,677	-239,852	-625,772	-379,751	271,472	246,021	-32,217	134,406	134,406	-162,149	-76,321	-21,197	198,358	198,358	585,235	-6,043	-320,724	50,031	50,031	-296,016	-53,154	317,220	85,043	183,519
Cash From Operations	280,983	-517,415	85,008	15,760	15,760	30,695	300,941	33,329	-339,871	-339,871	175,190	-322,128	-115,962	354,927	354,927	240,815	39,785	-310,381	-452,800	-452,800	-15,678	-188,061	-393,386	-1,081	-1,081
Capex	0	0	-4,421	-3,880	-3,880	0	0	0	-9,247	-9,247	9,248	-21,958	-18,328	0	0	-6,687	0	0	n/a	n/a	0	-9,390	0	n/a	n/a
Free Cash Flow	280,983	-517,415	80,587	11,880	11,880	30,695	300,941	33,329	-349,118	-349,118	184,438	-344,086	-134,290	354,927	354,927	234,128	39,785	-310,381	n/a	n/a	-15,678	-197,451	-393,386	n/a	n/a
Cash And Equivalents	3,342,537	337,434	615,791	545,835	545,835	540,908	520,584	229,696	209,033	209,033	564,707	390,441	744,831	889,674	889,674	544,320	313,498	275,147	593,869	593,869	1,048,500	1,065,956	1,255,824	1,650,970	1,650,970
Total Current Assets	6,566,531	4,288,346	4,222,583	4,611,937	4,611,937	4,842,886	4,303,550	4,447,834	4,396,828	4,396,828	4,151,829	4,169,331	4,325,527	4,637,467	4,637,467	4,370,723	3,813,780	4,015,785	4,185,782	4,185,782	4,170,729	4,311,350	4,453,397	4,592,676	4,592,676
Total Liabilities	3,385,903	3,207,069	2,906,384	3,077,952	3,077,952	2,920,508	2,463,115	2,941,751	2,948,343	2,948,343	2,923,855	2,868,938	3,014,788	3,373,108	3,373,108	3,384,337	3,490,485	3,769,705	3,694,220	3,694,220	3,586,715	3,513,635	3,684,263	4,222,930	4,222,930
Shares Outstanding	7,415,329	7,415,329	n/a	7,415,329	7,415,329	7,415,329	7,415,329	7,415,329	7,415,329	7,415,329	7,415,329	7,415,329	7,415,329	7,415,329	7,415,329	7,415,329	7,415,329	7,415,329	7,415,329	7,415,329	7,415,329	7,415,329	7,415,329	7,415,329	7,415,329
Shares Outstanding Diluted	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Weighted Avg Shares Diluted	14,510,436	14,423,729	7,415,329	14,252,202	7,415,329	14,166,217	14,081,616	7,415,329	7,415,329	7,415,329	7,415,329	7,415,329	7,415,329	13,564,202	26,081,417	13,478,936	7,415,329	7,415,329	13,220,202	25,177,728	7,415,329	7,415,329	12,876,202	7,415,329	2,065,951
Weighted Avg Shares Basic	7,415,329	7,415,329	7,415,329	7,415,329	7,415,329	7,415,329	7,415,329	7,415,329	7,415,329	7,415,329	7,415,329	7,415,329	7,415,329	7,415,329	7,415,329	7,415,329	7,415,329	7,415,329	7,415,329	7,415,329	7,415,329	7,415,329	7,415,329	7,415,329	7,415,329
Net Share Count Change (Normalized)	0.0%	Insufficient evidence	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	Insufficient evidence	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	Insufficient evidence	0.0%	0.0%	0.0%
Ownership Claim Change (Normalized)	0.0%	Insufficient evidence	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	Insufficient evidence	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	Insufficient evidence	0.0%	0.0%	0.0%

Audit Trail

NCAV Audit

Official-source inputs remain linked to filing provenance. Derived values are labeled as such.

Input	Value	Source concept	Filing period	Confidence	Provenance
Current Assets	6,566,531USD	us-gaap:AssetsCurrent	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0000862668/companyfacts.json Data Vault \| sec/companyfacts/cik=0000862668/companyfacts.json
Total Liabilities	3,385,903USD	us-gaap:Liabilities	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0000862668/companyfacts.json Data Vault \| sec/companyfacts/cik=0000862668/companyfacts.json
Cash	3,342,537USD	us-gaap:CashAndCashEquivalentsAtCarryingValue	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0000862668/companyfacts.json Data Vault \| sec/companyfacts/cik=0000862668/companyfacts.json
Shares Outstanding	7,415,329	us-gaap:CommonStockSharesOutstanding	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0000862668/companyfacts.json Data Vault \| sec/companyfacts/cik=0000862668/companyfacts.json
NCAV	3,180,628USD	derived	2026-03-31	n/a	company-evidence-v1 \| total_current_assets - total_liabilities
NCAV per share	0.43USD	derived	2026-03-31	n/a	company-evidence-v1 \| NCAV / shares_outstanding
Internal NCAV Discount	55.7%	derived	2026-03-31	n/a	gnni_publication_pack \| internal_discount

NCAV = total_current_assets - total_liabilities | NCAV per share = NCAV / shares_outstanding

Source Provenance

Data Source: Data Vault
Data Vault Root: Local evidence | The Data Vault
CIK: 0000862668
Company ID: n/a
Selected Annual Source: Data Vault | sec/companyfacts/cik=0000862668/companyfacts.json
Selected Quarterly Source: Data Vault | sec/companyfacts/cik=0000862668/companyfacts.json
Statement Extractor: companyfacts-screener-v1
View Extractor: companyfacts-screener-v1
Source Accession Count: 26
Imported At: 2026-08-15T12:51:59+00:00
Rendered At: 2026-08-16T03:29:38+00:00

Run Audit

Mary Run: 7597e71d9e0c42a48d3fa1ce89682485
Mary As Of: 2026-07-11
Accession: 0001628280-26-035533
CIK: 0000862668
Mary Filing Date: 2026-05-15
Filing Currency: USD
Internal Discount: 55.7%
Source State: Verified
Market Context: Not Displayed
Market Policy: internal_only_not_redistributed
Share Trend: Not Evaluated
Dilution: Needs Review

mary_run=7597e71d9e0c42a48d3fa1ce89682485; mary_as_of=2026-07-11; mary_filing_date=2026-05-15; mary_accession=0001628280-26-035533; mary_cik=0000862668; gnni_supporting_filing_date=2026-05-15; internal_discount=0.557033; mary_reason=Mary's deterministic net-net screen flagged this candidate. The internal discount is shown; raw market-data fields are not published in this pilot.

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