Company research
PROCYON CORP
CIK 812306Updated Sep 26, 2026
SecurityPCYN · OTC · equity
PCYN price & chart
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Recent filings
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Financials
FY 2024 · USDSource
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Source
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balance sheet · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 3,204,412Source | 3,563,711Source | 3,802,497Source | 4,267,191Source |
| Property, Plant and Equipment, NetUSD | 262,020Source | 281,023Source | 153,702Source | 109,275Source |
| Current assets: | ||||
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 512,909Source | 493,953Source | 407,085Source | 497,358Source |
| Inventory, NetUSD | 510,006Source | 431,405Source | 761,651Source | 591,058Source |
| Assets, CurrentUSD | 2,365,885Source | 2,237,605Source | 2,585,054Source | 2,871,627Source |
| Prepaid Expense and Other Assets, CurrentUSD | 434,150Source | 298,469Source | 374,817Source | 276,251Source |
| Operating Lease, Right-of-Use AssetUSD | 338,141Source | 527,170Source | 706,155Source | 882,344Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 917,122Source | 946,002Source | 1,134,543Source | 1,389,447Source |
| Commitments and ContingenciesUSD | 0Source | — | — | — |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | — | 0Source | — | — |
| Common Stock, Value, IssuedUSD | 4,462,166Source | 4,444,766Source | 4,444,766Source | 4,444,766Source |
| Additional Paid in CapitalUSD | 41,085Source | 35,564Source | 35,564Source | 35,564Source |
| Retained Earnings (Accumulated Deficit)USD | -2,330,621Source | -1,989,481Source | -1,939,236Source | -1,729,446Source |
| Stockholders' Equity Attributable to ParentUSD | 2,287,290Source | 2,617,709Source | 2,667,954Source | 2,877,744Source |
| Liabilities and EquityUSD | 3,204,412Source | 3,563,711Source | 3,802,497Source | 4,267,191Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 769,234Source | 626,120Source | 643,231Source | 735,587Source |
| Operating Lease, Liability, CurrentUSD | 180,665Source | 173,565Source | 162,547Source | 154,022Source |
| Accounts Payable, CurrentUSD | 160,922Source | 175,057Source | 178,083Source | 167,588Source |
| Operating Lease, Liability, NoncurrentUSD | 139,211Source | 319,882Source | 491,312Source | 653,860Source |
| Deferred Income Tax Liabilities, NetUSD | 8,677Source | — | — | — |
cash flow · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | 0Source | 0Source | 19,679Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 22,331Source | 84,924Source | -86,112Source | 186,315Source |
| Increase (Decrease) in InventoriesUSD | -35,211Source | -181,957Source | 89,537Source | 12,010Source |
| Increase (Decrease) in Accounts PayableUSD | -14,135Source | -3,026Source | 10,495Source | 129Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -61,251Source | 145,466Source | -229,459Source | 279,500Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -63,912Source | -454,556Source | -82,644Source | 480,137Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 63,912Source | 180,138Source | 82,644Source | 65,166Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 0Source | 0Source | -154,023Source | -198,949Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -125,163Source | -309,090Source | -466,126Source | 560,688Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 0Source | 0Source | 0Source | — |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 7,705Source | 10,721Source | 0Source | 19,679Source |
| DepreciationUSD | 81,701Source | 52,817Source | 38,217Source | 43,331Source |
| Gain (Loss) on Disposition of AssetsUSD | -1,214Source | — | — | — |
| Gain (Loss) on Disposition of Other AssetsUSD | -1,214Source | 0Source | 0Source | 304,887Source |
| Gain (Loss) on Extinguishment of DebtUSD | — | 0Source | 0Source | 203,172Source |
| Income Tax Expense (Benefit)USD | 169,858Source | -15,129Source | -25,621Source | 39,444Source |
| InterestExpenseNonoperatingUSD | 0Source | — | — | — |
| Investment Income, InterestUSD | 24,641Source | 11,816Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | -341,140Source | -50,245Source | -209,790Source | 694,349Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -312,962Source | -66,955Source | -226,500Source | 677,639Source |
| Nonoperating Income (Expense)USD | 60,423Source | 32,007Source | 1,804Source | 507,119Source |
| Operating Costs and ExpensesUSD | 4,123,140Source | 3,666,968Source | 3,723,036Source | 3,162,019Source |
| Operating Lease, ExpenseUSD | — | — | 31,091Source | 31,091Source |
| Proceeds from Issuance of Long-term DebtUSD | — | — | 0Source | — |
income statement · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Total RevenueUSD | 4,984,433Source | 4,686,659Source | 4,842,433Source | 4,719,672Source |
| Cost of RevenueUSD | 1,092,998Source | 1,117,072Source | 1,356,612Source | 1,330,979Source |
| Selling, General and Administrative ExpenseUSD | 2,037,931Source | 1,806,988Source | 1,710,606Source | 1,330,215Source |
| Operating Income (Loss)USD | -231,705Source | -97,381Source | -237,215Source | 226,674Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -171,282Source | -65,374Source | -235,411Source | 733,793Source |
| Income Tax Expense (Benefit)USD | 169,858Source | -15,129Source | -25,621Source | 39,444Source |
| Net Income (Loss) Attributable to ParentUSD | -341,140Source | -50,245Source | -209,790Source | 694,349Source |
| Earnings Per Share, BasicUSD per share | -0.04Source | -0.01Source | -0.03Source | 0.08Source |
| Earnings Per Share, DilutedUSD per share | -0.04Source | -0.01Source | -0.03Source | 0.08Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 8,120,388Source | 8,087,388Source | 8,087,388Source | 8,087,388Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 8,120,388Source | 8,087,388Source | 8,087,388Source | 8,319,624Source |
| Interest Expense (non-operating)USD | 0Source | — | — | — |
| Additional Financial Items | ||||
| Current Income Tax Expense (Benefit)USD | 0Source | 0Source | — | — |
| Gross ProfitUSD | 3,891,435Source | 3,569,587Source | 3,485,821Source | 3,388,693Source |
| Interest ExpenseUSD | — | — | 0Source | 2,172Source |
| Interest Expense, DebtUSD | 0Source | 0Source | 0Source | 0Source |
| Interest Income (Expense), Nonoperating, NetUSD | — | — | 1,804Source | — |
| Investment Income, InterestUSD | 24,641Source | 11,816Source | — | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -312,962Source | -66,955Source | -226,500Source | 677,639Source |
| Nonoperating Income (Expense)USD | 60,423Source | 32,007Source | 1,804Source | 507,119Source |
| Operating Costs and ExpensesUSD | 4,123,140Source | 3,666,968Source | 3,723,036Source | 3,162,019Source |
| Operating Lease, ExpenseUSD | — | — | 31,091Source | 31,091Source |
| Preferred Stock Dividends and Other AdjustmentsUSD | -28,178Source | 16,710Source | 16,710Source | 16,710Source |
| Research and Development ExpenseUSD | 30,100Source | 30,600Source | 30,000Source | 30,900Source |