Every 10-Q that Universal Safety Products, Inc. (UUU) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow UUU and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full UUU filings page.
Universal Safety Products, Inc. reported a sharp contraction in its legacy operations and early-stage investment in a new digital-asset venture for the quarter ended June 30, 2026. Net sales fell to $109,559 from $3,824,247 a year earlier, following the May 2025 sale of its smoke and carbon monoxide alarm business, leaving primarily GFCIs and ventilation fans.
Gross profit was $9,131 with an 8.3% margin, and the company posted a net loss of $662,086 versus prior-year net income of $1,810,321 that was boosted by a gain on asset sales. Operating cash outflow was $687,805. Cash and cash equivalents were $3.7 million, working capital was $3.4 million, and total liabilities were relatively modest at $1.4 million.
The company formed Universal DeFi, LLC to operate 125,000 blockchain node licenses and a validator on the Ault Blockchain, accumulating about 425 million AULT tokens but recognizing no revenue or assets due to the absence of an observable market. In June 2026 it entered into a securities purchase agreement for up to $10.6 million of 8% convertible notes, recording a derivative liability and high effective interest cost. Management states that recurring losses, reliance on convertible debt, and uncertain access to remaining tranches raise substantial doubt about the Company’s ability to continue as a going concern. Material weaknesses in internal controls over financial reporting remain unresolved.
Universal Safety Products, Inc. reported sharply weaker results for the quarter ended December 31, 2025 after selling its smoke and carbon monoxide alarm business to Feit Electric. Quarterly net sales fell to $22,549 from $5,535,148, producing a gross loss and a net loss of $2,287,174, or $0.99 per share.
For the nine months, sales dropped to $4,606,795 from $17,336,933 and the net loss widened to $1,476,633, despite a $2,820,668 gain on the asset sale. Selling, general and administrative costs stayed high at $4,320,649, including $896,700 of stock-based compensation, professional fees related to strategic alternatives, and workforce reduction costs.
Cash rose to $4,292,476 from $348,074, helped by sale proceeds and new 8% convertible debentures, while the factoring line was largely repaid. Total assets fell to $5,500,042 and shareholders’ equity declined to $2,270,991. Management disclosed that disclosure controls remain ineffective, with multiple material weaknesses in accounting, tax, complex instruments, and segregation of duties still unresolved.
Universal Safety Products, Inc. (UUU) reported sharply lower continuing sales but higher year-to-date earnings following a major asset sale. For the quarter ended September 30, 2025, net sales fell to $759,999 from $7,203,269 a year earlier, primarily because the smoke and carbon monoxide alarm business was sold to Feit Electric. The quarter produced a net loss of $999,780, versus net income of $576,978 in the prior-year period, as fixed costs and a higher allowance for credit losses weighed on results.
For the six months, net sales were $4,584,246 compared with $11,801,785, but net income rose to $810,541 from $134,772, driven by a $2,820,668 gain on the asset sale. The company used part of the proceeds to pay down its factoring line, end the period with $5,225,625 in cash, issue $2,750,000 of 8% convertible notes, and pay a one-time special cash dividend of $1.00 per share ($2,312,787 aggregate). Management plans to focus on remaining product lines and explore new opportunities.
Universal Safety Products, Inc. reported 2,312,887 shares issued and outstanding at both June 30, 2025 and March 31, 2025. The company maintains a factoring arrangement that can advance against eligible accounts receivable and inventory; available borrowing capacity was approximately $45,000 at June 30, 2025 and $348,000 at March 31, 2025. There was $0 borrowed under the factoring facility at June 30, 2025 and $2,100,458 outstanding at March 31, 2025. Cash on deposit with the factor totaled $1,837,828 at June 30, 2025.
The factoring advances bear interest at the prime commercial rate plus two percent (reported effective rate 9.5% at the referenced dates). Collected cash with the factor earns interest at the factor's prime less 2.5 percent (effective 5.0%). Two customers represented 19.1% and 12.5% of trade receivables at June 30, 2025. Operating lease costs were approximately $43,000 for the quarter and $160,000 for the fiscal year; lease liabilities totalled $13,330 with a weighted-average remaining lease term of one month and discount rate of 5.5%. The company entered a Securities Purchase Agreement to sell convertible notes up to $2,750,000 for up to $2.5 million in proceeds, subject to customary closings and approvals. No potentially dilutive common stock equivalents were outstanding for the three months ended June 30, 2025 or 2024.