UNIVERSAL SAFETY PRODUCTS, INC.
Business
Universal Safety Products, Inc. designs and markets popularly-priced safety products including smoke alarms, carbon monoxide alarms, door chimes, ventilation products, and electrical devices. The company sold its smoke and carbon monoxide alarm business to Feit Electric in May 2025 and intends to continue marketing remaining product lines. Products are sold through retail channels and to the electrical distribution trade via its wholly owned subsidiary Universal Safety Electric, Inc. The company also formed Universal DeFi LLC in July 2025 to develop a tokenization platform and operate nodes on the Ault Blockchain, though this venture has not yet generated revenue.
Summary from 10-K filed 2026-07-02
Financials
Consolidated Statement of Income
| Concept | Trend | Mar 31, 2026 2026-03-31 | Mar 31, 2025 2025-03-31 |
|---|---|---|---|
| CONSOLIDATED STATEMENTS OF OPERATIONS | — | — | |
| Net sales | 5 | 24 | |
| Cost of goods sold | 4 | 17 | |
| GROSS PROFIT | 803,389 | 7 | |
| Selling, general and administrative expense | 5 | 6 | |
| Engineering and product development expense | 223,794 | 424,849 | |
| Operating (loss) income | −5 | 402,049 | |
| Other income (expense): | — | — | |
| Gain on sale of asset | 3 | — | |
| Change in fair value of derivative component of convertible debt | −75,000 | — | |
| Interest income | 134,320 | — | |
| Interest expense | 345,918 | 262,365 | |
| Net (loss) income before income taxes | −2 | 139,684 | |
| Provision for income tax (expense) benefit | 366,000 | −361,000 | |
| NET (LOSS) INCOME | −2 | 500,684 | |
| (Loss) Income per share: | — | — | |
| Basic (in dollars per share) | −1.04 | 0.22 | |
| Diluted (in dollars per share) | −1.04 | 0.22 | |
| Shares used in computing net (loss) income per share: | — | — | |
| Weighted average basic shares outstanding (in shares) | 2 | 2 | |
| Weighted average diluted shares outstanding (in shares) | 2 | 2 |
Consolidated Balance Sheet
| Concept | Trend | Mar 31, 2026 2026-03-31 | Mar 31, 2025 2025-03-31 |
|---|---|---|---|
| CONSOLIDATED BALANCE SHEETS | — | — | |
| ASSETS | — | — | |
| CURRENT ASSETS | — | — | |
| Cash and cash equivalents | 3 | 348,074 | |
| Accounts receivable: | — | — | |
| Accounts receivable | 317,754 | 589,074 | |
| Amount due from factor | — | 4 | |
| Inventories - Finished goods | 370,852 | 3 | |
| Assets - Held for Sale | — | 2 | |
| Prepaid expenses | 342,590 | 145,290 | |
| Deferred tax asset | — | 361,000 | |
| TOTAL CURRENT ASSETS | 5 | 10 | |
| TOTAL ASSETS | 5 | 10 | |
| LIABILITIES AND SHAREHOLDERS' EQUITY | — | — | |
| CURRENT LIABILITIES | — | — | |
| Line of credit - factor | — | 2 | |
| Convertible Debenture | 600,908 | — | |
| Derivative Component of Convertible Debenture | 309,000 | — | |
| Short-term portion of operating lease liability | — | 13,330 | |
| Accounts payable | 261,648 | 2 | |
| Accrued liabilities: | — | — | |
| Accrued payroll and employee benefits | 55,253 | 108,096 | |
| Accrued commissions and other | 42,000 | 190,295 | |
| TOTAL CURRENT LIABILITIES | 1 | 5 | |
| COMMITMENTS AND CONTINGENCIES | — | — | |
| SHAREHOLDERS' EQUITY | — | — | |
| Common stock, $.01 par value per share; 20,000,000 shares authorized, 2,842,887 and 2,312,887 shares issued and outstanding at March 31, 2026 and 2025, respectively | 28,429 | 23,129 | |
| Additional paid-in capital | 16 | 13 | |
| Accumulated Deficit | −13 | −8 | |
| TOTAL SHAREHOLDERS' EQUITY | 3 | 5 | |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 5 | 10 |
Consolidated Statement of Cash Flows
| Concept | Trend | Mar 31, 2026 2026-03-31 | Mar 31, 2025 2025-03-31 |
|---|---|---|---|
| CONSOLIDATED STATEMENTS OF CASH FLOWS | — | — | |
| OPERATING ACTIVITIES: | — | — | |
| Net (Loss) Income | −2 | 500,684 | |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | — | — | |
| Gain on sale of asset | 3 | — | |
| Stock based compensation | 896,700 | — | |
| Depreciation and amortization | — | 4,470 | |
| Change in fair value of derivative component of convertible debt | −75,000 | — | |
| Amortization of original issue discount and accrued intereston convertible debt | 309,053 | — | |
| Amortization of right-of-use asset | — | 159,656 | |
| Allowance for credit losses | 297,000 | −65,000 | |
| Allowance for excess and obsolete inventory | 110,000 | 300,000 | |
| Deferred income taxes | 361,000 | −361,000 | |
| Changes in operating assets and liabilities: | — | — | |
| Decrease (Increase) in accounts receivable and amount due from factor | −4 | 1 | |
| Decrease (Increase) in inventories and assets held for sale | −3 | 227,396 | |
| (Increase) Decrease in prepaid expenses | 197,300 | −81,442 | |
| Decrease in accounts payable and accrued expenses | −2 | −192,016 | |
| Decrease in operating lease liability | −13,330 | −158,742 | |
| NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES | 536,185 | −1 | |
| INVESTING ACTIVITIES: | — | — | |
| Proceeds from sale of assets | 5 | — | |
| Decrease in trade accounts payable related to closing costs of sale | −452,503 | — | |
| NET CASH PROVIDED BY INVESTING ACTIVITIES | 5 | — | |
| FINANCING ACTIVITIES: | — | — | |
| Cash dividend paid | 2 | — | |
| Issuance of Convertible Debt | 3 | — | |
| Net (repayment) borrowing on line of credit - factor | −2 | 1 | |
| NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES | −2 | 1 | |
| INCREASE IN CASH | 3 | 282,993 | |
| CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR | 348,074 | 65,081 | |
| CASH AND CASH EQUIVALENTS AT END OF YEAR | 3 | 348,074 | |
| Supplemental information and Disclosure of Noncash Transactions: | — | — | |
| Interest paid | 27,988 | 262,365 | |
| Conversion of Convertible Debt to Common Stock | 2 | — | |
| Non-cash transfer of inventory related to sale of a portion of the business | 2 | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is UNIVERSAL SAFETY PRODUCTS, INC.'s CIK number?
UNIVERSAL SAFETY PRODUCTS, INC.'s SEC CIK number is 0000102109 (102109). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find UNIVERSAL SAFETY PRODUCTS, INC.'s SEC filings?
All of UNIVERSAL SAFETY PRODUCTS, INC.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did UNIVERSAL SAFETY PRODUCTS, INC. last report earnings?
UNIVERSAL SAFETY PRODUCTS, INC. (UUU) most recently filed an earnings 8-K with the SEC on Feb 18, 2025, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001104659-25-014475). This is UNIVERSAL SAFETY PRODUCTS, INC.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is UNIVERSAL SAFETY PRODUCTS, INC.'s most recent earnings 8-K?
UNIVERSAL SAFETY PRODUCTS, INC.'s latest earnings 8-K (Item 2.02) was filed Feb 18, 2025 under accession 0001104659-25-014475. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View UNIVERSAL SAFETY PRODUCTS, INC.'s latest earnings 8-K →
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