Syntec Optics Holdings Inc-A 2025年季度报告

FORM10-Q (MARK ONE)☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter endedJune 30,2025 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number:001-41034 SYNTEC OPTICS HOLDINGS, INC. (Exact Name of Registrant as Specified in Its Charter) Securities registered pursuant to Section 12(b) of the Act: Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months(or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements forthe past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company or an emerging growth company. See definitions of “large accelerated filer”, “accelerated filer”, “smaller reportingcompany”, and “emerging growth company” in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ As of October 3, 2025, there were36,920,226shares of Class A common stock, par value $0.0001per share, issued and outstanding. SYNTEC OPTICS HOLDINGS, INC.FORM 10-Q FOR THE QUARTER ENDED JUNE 30, 2024TABLE OF CONTENTS PagePart I. FINANCIAL INFORMATION1Item 1. Interim Unaudited Condensed Consolidated Financial Statements1Condensed Consolidated Balance Sheets as of June 30, 2025 (Unaudited) and December 31, 20241Condensed Consolidated Statements of Operations for the Three and Six Months ended June 30, 2025 and 2024(Unaudited)2Condensed Consolidated Statements of Stockholders’ Equity for the Three and Six Months Ended June 30, 2025 and2024 (Unaudited)3Condensed Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2025 and 2024 (Unaudited)4Notes to Condensed Consolidated Financial Statements (Unaudited)5Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations11Item 3. Quantitative and Qualitative Disclosures Regarding Market Risk16Item 4. Controls and Procedures17Part II. OTHER INFORMATION18Item 1. Legal Proceedings18Item 1A. Risk Factors18Item 2. Unregistered Sales of Equity Securities and Use of Proceeds18Item 3. Defaults Upon Senior Securities18Item 4. Mine Safety Disclosures18Item 5. Other Information18Item 6. Exhibits18SIGNATURES19 SYNTEC OPTICS HOLDINGS, INC.CONDENSED CONSOLIDATED BALANCE SHEETSJUNE 30, 2025 AND DECEMBER 31, 2024 2025(unaudited)2024 SYNTEC OPTICS HOLDINGS, INC.UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONSFOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2025 AND 2024 SYNTEC OPTICS HOLDINGS, INC.UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWSFOR THE SIX MONTHS ENDED JUNE 30, 2025 AND 2024 20252024Cash Flows From Operating ActivitiesNet Loss$(20,256)$(927,300)Adjustments to Reconcile Loss to Net Cash (Used In)Provided By Operating Activities:Depreciation and Amortization1,387,4271,385,606Amortization of Debt Issuance Costs4,8344,387Gain on Disposal of Property and Equipment-(309,000)Change in Allowance for Expected Credit Losses75,727(24,395)Change in Reserve for Obsolescence(18,881)291,576Deferred Income Taxes-(357,994)(Increase) Decrease in:Accounts Receivable(374,827)885,368Inventory(1,020,458)(1,958,557)Decrease in Federal Income Tax Receivable179,376-Prepaid Expenses and Other Assets275,28857,309Increase (Decrease) in:Accounts Payables and Accrued Expenses(344,470)(993,406)Federal Income Tax Payable-(318,240)Deferred Revenue(2,519)280,763Net Cash Provided By (Used In) Operating Activities141,241(1,983,883)Cash Flows From Investing ActivitiesPurchases of Property and Equipment(604,772)(254,767)Proceeds from Disposal of Property and Equipment-309,000Net Cash (Used in) Provided in Investing Activities(604,772)54,233Cash Flows From Financing Activities(Repayments) Borrowing on Line of Credit, Net500,000(273,729)Borrowing on Debt Obligations-1,100,388Repayments on Debt Obligations(231,430)(224,775)Repayments on Finance Lease Obligations(116,741)-Net Cash Provided By Financing Activities151,829601,884Net Decrease in Cash(311,702)(1,327,766)Cash - Beginning598,7872,158,245Cash - Ending$287,085$830,479Supplemental Cash Flow Disclosures:Cash Paid for Interest$40