Quarterly report
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2026 ☐ 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 0-6658 SCIENTIFIC INDUSTRIES, INC. (Exact Name of Registrant as specified in Its Charter) Delaware 04-2217279 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 80 Orville Drive, Suite 102, Bohemia, New York 11716 (Address of principal executive offices) (Zip Code) (631) 567-4700 (Registrant’s telephone number, including area code) Not Applicable (Former name, former address and former fiscal year, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock $.05 par value SCND OTC Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 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 for the past 90 days. Yes ☒ No ☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ☒ No ☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer”, “smaller reporting company”, and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer ☐ Accelerated filer ☐ Non-accelerated Filer ☒ Smaller reporting company ☒ Emerging Growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying 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 Act) Yes ☐ No ☒ The number of shares outstanding of the registrant’s common stock, par value $.05 per share (“Common Stock”) as of August 13, 2026 is 11,928,599 shares.
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SCIENTIFIC INDUSTRIES, INC. Table of Contents PART I - Financial Information Item 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) 3 Condensed Consolidated Balance Sheets 3 Condensed Consolidated Statements of Operations and Comprehensive Loss 4 Condensed Consolidated Statements of Changes in Shareholders’ Equity 5 Condensed Consolidated Statements of Cash Flows 6 Notes to Unaudited Condensed Consolidated Financial Statements 7 Item 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 18 Item 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 21 Item 4. CONTROLS AND PROCEDURES 21 PART II - Other Information Item 1. Legal Proceedings 22 Item 1A. Risk Factors 22 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 22 Item 3. Defaults Upon Senior Securities 22 Item 4. Mine Safety Disclosures 22 Item 5. Other Information 22 Item 6. Exhibits 23 SIGNATURE 24 2
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Table of Contents PART I – FINANCIAL INFORMATION Item 1. Financial Statements SCIENTIFIC INDUSTRIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS As of June 30, 2026 As of December 31, 2025 (Unaudited) ASSETS Current assets: Cash and cash equivalents $ 616,500 $ 955,000 Investment securities 3,932,000 5,705,000 Trade accounts receivable, less allowance for doubtful accounts of $8,300 at June 30, 2026 and December 31, 2025 517,100 865,800 Inventories 1,555,500 1,401,300 Income tax receivable 73,600 73,600 Prepaid expenses and other current assets 941,900 1,115,300 Current assets of discontinued operations 490,400 272,900 Total current assets 8,127,000 10,388,900 Property and equipment, net 604,400 690,900 Goodwill 115,300 115,300 Other intangible assets, net 81,000 103,500 Inventories 384,800 346,700 Operating lease right-of-use assets 756,000 924,000 Other assets 38,400 38,300 Total assets $ 10,106,900 $ 12,607,600 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Accounts payable $ 525,900 $ 449,100 Accrued expenses 510,900 416,700 Contract liabilities 129,600 99,800 Lease liabilities, current portion 360,300 371,400 Current liabilities of discontinued operations 75,500 12,300 Total current liabilities 1,602,200 1,349,300 Lease liabilities, less current portion 430,400 595,300 Total liabilities 2,032,600 1,944,600 Shareholders’ equity: Common stock, $0.05 par value; 30,000,000 shares authorized; 11,928,599 shares issued and outstanding at June 30, 2026 and December 31, 2025 596,400 596,400 Additional paid-in capital 45,318,300 45,039,500 Accumulated other comprehensive income 133,600 178,000 Accumulated deficit (37,974,000) (35,150,900) Total shareholders’ equity 8,074,300 10,663,000 Total liabilities and shareholders’ equity $ 10,106,900 $ 12,607,600 See notes to unaudited condensed consolidated financial statements. 3
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Table of Contents SCIENTIFIC INDUSTRIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (UNAUDITED) For the Three Months Ended June 30, For the Six Months Ended June 30, 2026 2025 2026 2025 Revenues $ 1,470,400 $ 1,081,000 $ 2,697,500 $ 2,023,300 Cost of revenues 847,700 704,300 1,604,900 1,302,300 Gross profit 622,700 376,700 1,092,600 721,000 Operating expenses: General and administrative 553,900 744,800 1,300,900 1,774,000 Selling 647,100 774,300 1,334,200 1,528,100 Research and development 694,500 677,100 1,398,100 1,329,100 Total operating expenses 1,895,500 2,196,200 4,033,200 4,631,200 Loss from operations (1,272,800) (1,819,500) (2,940,600) (3,910,200) Other income: Other income (expense), net (1,400) 8,000 25,700 20,400 Interest income 40,400 14,700 91,800 34,900 Total other income, net 39,000 22,700 117,500 55,300 Loss from operations before income tax expense (1,233,800) (1,796,800) (2,823,100) (3,854,900) Income tax expense - - - - Loss from continuing operations $ (1,233,800) (1,796,800) $ (2,823,100) $ (3,854,900) Discontinued Operations: Income from discontinued operations, net of tax $ - $ 273,100 $ - $ 552,700 Net loss $ (1,233,800) $ (1,523,700) $ (2,823,100) $ (3,302,200) Comprehensive gain (loss): Foreign currency translation gain (loss) 30,100 155,200 (44,400) 279,600 Comprehensive gain (loss) 30,100 $ 155,200 (44,400) 279,600 Total comprehensive loss $ (1,203,700) (1,368,500) $ (2,867,500) $ (3,022,600) Basic and Diluted income (loss) per common share: Continuing operations $ (0.10) $ (0.16) $ (0.24) $ (0.35) Discontinued operations - 0.03 - 0.05 Consolidated operations $ (0.10) $ (0.13) $ (0.24) $ (0.30) Weighted Average Shares Outstanding 11,928,599 11,345,907 11,928,599 10,867,040 See notes to unaudited condensed consolidated financial statements. 4
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Table of Contents SCIENTIFIC INDUSTRIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (UNAUDITED) Common Stock Additional Paid-in Accumulated Other Comprehensive Income Accumulated Total Shareholders’ Shares Amount Capital (Loss) Deficit Equity Balance December 31, 2025 11,928,599 $596,400 $45,039,500 $ 178,000 $ (35,150,900) $ 10,663,000 Net loss - - - - (1,589,300) (1,589,300) Foreign currency translation adjustment - - - (74,500) - (74,500) Stock-based compensation - - 116,300 - - 116,300 Balance March 31, 2026 11,928,599 $596,400 $45,155,800 $ 103,500 $ (36,740,200) $ 9,115,500 Net loss (1,233,800) $ (1,233,800) Foreign currency translation adjustment 30,100 30,100 Stock-based compensation 162,500 162,500 Balance June 30, 2026 11,928,599 $596,400 $45,318,300 $ 133,600 $ (37,974,000) $ 8,074,300 Common Stock Additional Paid-in Accumulated Other Comprehensive Income Accumulated Total Shareholders’ Shares Amount Capital (Loss) Deficit Equity Balance December 31, 2024 10,503,599 $525,200 $42,637,800 $ (113,100) $ (33,930,500) $ 9,119,400 Loss from continuing operations - - - - (2,057,100) (2,057,100) Income from discontinued operations - - - - 278,600 278,600 Foreign currency translation adjustment - - - 124,400 - 124,400 Stock-based compensation - - 302,600 - - 302,600 Balance March 31, 2025 10,503,599 $525,200 $42,940,400 $ 11,300 $ (35,709,000) $ 7,767,900 Loss from continuing operations (1,796,800) (1,796,800) Income from discontinued operations 273,100 273,100 Issuance of Common Stock and Warrants, net of issuance costs (Note 7) 1,050,000 52,500 1,399,700 1,452,200 Foreign currency translation adjustment 155,200 155,200 Stock-based compensation 72,600 72,600 Balance June 30, 2025 11,553,599 $577,700 $44,412,700 $ 166,500 $ (37,232,700) $ 7,924,200 See notes to unaudited condensed consolidated financial statements 5
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Table of Contents SCIENTIFIC INDUSTRIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) For the Six Months Ended June 30, 2026 2025 Operating activities: Net loss $ (2,823,100) $ (3,302,200) Less: Income from discontinued operations, net of tax - 552,700 Loss from continuing operations $ (2,823,100) $ (3,854,900) Adjustments to reconcile net loss from continuing operations to net cash used in operating activities: Depreciation and amortization 106,100 321,000 Stock-based compensation 278,800 375,200 Gain on sale of investment securities - (20,100) Unrealized holding loss (gain) on investment securities 18,100 (8,600) Noncash lease expense 168,000 101,600 Changes in operating assets and liabilities: Trade accounts receivable 348,700 159,500 Inventories (192,300) (83,100) Prepaid and other current assets 173,300 (171,000) Other assets - 4,300 Accounts payable 76,800 59,200 Accrued expenses 94,200 18,800 Contract liabilities 29,800 - Lease liabilities (176,000) (106,400) Net cash used in operating activities (1,897,600) (3,204,500) Investing activities: Purchases of investment securities (115,900) - Redemption of investment securities 1,871,000 1,613,900 Capital expenditures (14,500) (33,200) Net cash provided by investing activities 1,740,600 1,580,700 Financing activities: Proceeds from issuance of common stock - 1,452,200 Net cash provided by financing activities $ - $ 1,452,200 Discontinued Operations: Net cash (used in) provided by discontinued operations (154,300) 441,600 Net change in cash and cash equivalents (311,300) 270,000 Effect of changes in foreign currency exchange rates on cash and cash equivalents (27,200) 33,500 Net (decrease) increase in cash and cash equivalents (338,500) 303,500 Cash and cash equivalents, beginning of period 955,000 587,900 Cash and cash equivalents, end of period $ 616,500 $ 891,400 SUPPLEMENTAL DISCLOSURES: Noncash financing activities Record right-of-use assets $ 18,400 $ - Record lease liabilities $ 18,400 $ - See notes to unaudited condensed consolidated financial statements 6
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Table of Contents SCIENTIFIC INDUSTRIES, INC. AND SUBSIDIARIES NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 1. Nature of the Business and Basis of Presentation Scientific Industries, Inc. and its subsidiaries (the “Company”) design, manufacture, and market a variety of benchtop laboratory equipment, weight and measurement and bioprocessing systems and products. The Company is headquartered in Bohemia, New York where it produces benchtop laboratory and pharmacy equipment. Additionally, the Company has a location in Baesweiller, Germany, where it designs and produces a variety of bioprocessing products, and administrative facilities in Pearl River, New York and Pittsburgh, Pennsylvania related to sales and marketing. The products, which are sold to customers worldwide, include laboratory and pharmacy balances and scales, force gauges, bioprocessing sensors and analytical tools. The accompanying (a) unaudited condensed balance sheet as of December 31, 2025, which has been derived from audited financial statements, and (b) unaudited interim condensed consolidated financial statements are prepared pursuant to the Securities and Exchange Commission’s rules and regulations for reporting on Form 10-Q. Accordingly, certain information and notes required by accounting principles generally accepted in the United States (“U.S. GAAP”) for complete financial statements are not included herein. The Company believes all adjustments necessary for a fair presentation of these interim statements have been included and that they are of a normal and recurring nature. These interim statements should be read in conjunction with the Company’s consolidated financial statements and notes thereto, included in its Annual Report on Form 10-K for the fiscal year ended December 31, 2025. The results for the six months ended June 30, 2026, are not necessarily an indication of the results for the full fiscal year ending December 31, 2026. 2. Significant Accounting Policies Principles of Consolidation In the opinion of our management, the unaudited Condensed Consolidated Financial Statements have been prepared on a basis consistent with the audited Consolidated Financial Statements and include all adjustments necessary for the fair presentation of the Company’s financial condition, results of operations and cash flows for the interim periods presented. Such adjustments are of a normal, recurring nature. The results of operations and cash flows for the interim periods presented may not necessarily be indicative of full-year results. Reference should be made to the Consolidated Financial Statements contained in our 2025 Form 10-K. The accompanying unaudited interim condensed consolidated financial statements include the accounts of Scientific Industries, Inc., Scientific Bioprocessing Holdings, Inc. (“SBHI”), a Delaware corporation and wholly-owned subsidiary, which holds 100% of the outstanding stock of Scientific Bioprocessing, Inc. (“SBI”), a Delaware corporation, and aquila biolabs GmbH (“Aquila”), a German corporation (all collectively referred to as the “Company”). All material intercompany balances and transactions have been eliminated in consolidation. Liquidity and Going Concern Considerations The Company has evaluated whether there are certain conditions and events, considered in the aggregate, that raise substantial doubt about the Company’s ability to continue as a going concern for at least one year after the date the Unaudited Condensed Consolidated Financial Statements are issued. The Company has recorded recurring losses from operations and continued cash outflow from operating activities as a result of its strategic focus on the Bioprocessing Systems Operations, which is still in its start-up stage. Historically the Company has relied on equity financings to support its business operations. For the six months ended June 30, 2026, the Company generated negative cash flows from operations of $1,897,600. The Company has an accumulated deficit of $37,974,000 as of June 30, 2026, and expects to continue to generate negative cash flows from operations in the foreseeable future; however, based on management’s current operating plan, the Company expects that the cash generated from the Laboratory Equipment Operations’ Genie Division sale during fiscal 2025 (refer to Note 11), plus other incoming cash related to the various post Genie Division-sale agreements and escrow account, is sufficient to support business operations for at least one year from the date of issuance of the Unaudited Condensed Consolidated Financial Statements for the six months ended June 30, 2026; however, there is no assurance that management’s current operating plan will be successful. 7
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Table of Contents New Accounting Pronouncements In July 2025, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. (“ASU”) 2025-05, “Financial Instruments - Credit Losses (Topic 326): Measurements of Credit Losses for Accounts Receivable and Contract Assets”, which provides a practical expedient related to the estimation of expected credit losses for current accounts receivable and current contract assets that arise from transactions accounted for under Accounting Standards Codification (“ASC 606”), “Revenue from Contracts with Customers”. Under ASU 2025-05, an entity is required to disclose whether it has elected to use the practical expedient. The practical expedient allows entities to assume that current conditions as of the balance sheet date remain unchanged over the remaining life of the asset. ASU 2025-05 became effective for annual reporting periods beginning after December 15, 2025, and interim reporting periods within those annual reporting periods. The Company implemented this pronouncement beginning January 1, 2026 and elected to apply the practical expedient which had no material impact on the Company’s Unaudited Condensed Consolidated Financial Statements. In December 2025, the FASB issued ASU 2025-11, “Interim Reporting (Topic 270)”, which is intended to improve the navigability of the guidance in ASC 270, “Interim Reporting”, and clarify when it applies. Under the amendments, an entity is subject to ASC 270 if it provides interim financial statements and notes in accordance with U.S. GAAP so that internal financials are not misleading. ASU 2025-11 also addresses the form and content of such financial statements, interim disclosures requirements, and establishes a principle under which an entity must disclose events since the end of the last annual reporting period that have a material impact on the entity. ASU 2025-11 is effective for interim reporting periods within annual reporting periods beginning after December 15, 2027. The Company is currently evaluating ASU 2025-11 to determine the impact it may have on its consolidated financial statements. In November 2024, the FASB issued Accounting Standards Update (“ASU”) No. 2024-03, Disaggregation of Income Statement Expenses, which requires disclosures of certain additional expense information on an annual and interim basis, including, among other items, the amounts of purchases of inventory, employee compensation, depreciation and intangible asset amortization included within each income statement expense caption, as applicable. ASU 2024-03 is effective for fiscal years beginning after December 15, 2026 and interim periods beginning after December 15, 2027, with early adoption permitted, and should be applied either on a prospective basis or retrospective basis. The Company is currently evaluating the impact of this guidance but does not anticipate a material impact on its condensed consolidated financial statements or related disclosures. There are no other recent accounting pronouncements issued but not yet adopted that would have a material effect on our condensed consolidated financial statements. Use of Estimates The preparation of unaudited financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, costs and expenses and related disclosures in the accompanying notes. Reclassification Certain prior period amounts have been reclassified to conform to the current period presentation. 3. Fair Value of Financial Instruments The Company follows ASC 820, “Fair Value Measurement”, which has defined the fair value of financial instruments as the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value measurements do not include transaction costs. The accounting guidance also expands the disclosure requirements around fair value and establishes a fair value hierarchy for valuation inputs. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market. Each fair value measurement is reported in one of the three levels, which is determined by the lowest level input that is significant to the fair value measurement in its entirety. These levels are described below: 8
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Table of Contents Level 1 Inputs that are based upon unadjusted quoted prices for identical instruments traded in active markets. Level 2 Quoted prices in markets that are not considered to be active or financial instruments for which all significant inputs are observable, either directly or indirectly. Level 3 Prices or valuation that require inputs that are both significant to the fair value measurement and unobservable. In valuing assets and liabilities, the Company is required to maximize the use of quoted market prices and minimize the use of unobservable inputs. The Company calculated the fair value of its Level 1 and 2 instruments based on the exchange traded price of similar or identical instruments where available or based on other observable instruments. These calculations take into consideration the credit risk of both the Company and its counterparties. For Level 3 investments, where observable inputs are not available, the fair value was determined based on the price at which shares were purchased and redeemed as of June 30, 2026, by the funds. The investments which seek high current income, comprised of private credit funds which deal in first lien senior secured debt and asset-based lending in the United States that are issued in private offerings. The Company has not changed its valuation techniques in measuring the fair value of any financial assets and liabilities during the three-month period ended June 30, 2026. The carrying amounts of cash, cash equivalents, accounts receivable, and accounts payable approximate their fair value due to their short- term maturity and insignificant risk of value changes. The following tables set forth by level within the fair value hierarchy, the Company’s financial assets that were accounted for at fair value on a recurring basis as of June 30, 2026, and December 31, 2025, according to the valuation techniques the Company used to determine their fair values: Fair Value Measurement as of June 30, 2026 Level 1 Level 2 Level 3 Total Assets: Investment securities: Mutual Funds $ 3,417,000 $ - $ - $ 3,417,000 Private Credit Funds $ - $ 515,000 $ 515,000 Total $ 3,417,000 $ - $ 515,000 $ 3,932,000 Fair Value Measurement as of December 31, 2025 Level 1 Level 2 Level 3 Total Assets: Investment securities Mutual Funds $ 5,198,600 $ - $ - $ 5,198,600 Private Credit Funds $ - $ 506,400 $ 506,400 Total $ 5,198,600 $ - $ 506,400 $ 5,705,000 9
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Table of Contents Investments in marketable securities by security type as of June 30, 2026, and December 31, 2025, consisted of the following: As of June 30, 2026: Cost Fair Value Unrealized Holding Loss Mutual funds $ 3,417,600 $ 3,417,000 $ 600 Private Credit Funds $ 532,500 $ 515,000 $ 17,500 Total $ 3,950,100 $ 3,932,000 $ 18,100 As of December 31, 2025: Cost Fair Value Unrealized Holding Gain Mutual funds $ 5,198,000 $ 5,198,600 $ (600) Private Credit Funds $ 504,600 $ 506,400 $ (1,800) Total $ 5,702,600 $ 5,705,000 $ (2,400) The table below presents a reconciliation of all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the six months ended June 30, 2026 and for the year ended December 31, 2025. 2026 2025 Balance of recurring Level 3 assets at beginning of period $ 506,400 $ 0 Total gains or losses for the period: Purchases - 500,000 Sales - - Issuances - - Settlements 8,600 6,400 Transfers into Level 3 - - Transfers out of Level 3 - - Balance of recurring Level 3 assets at end of period $ 515,000 $ 506,400 10
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Table of Contents 4. Inventories Inventories of the Company are as follows: As of June 30, 2026 As of December 31, 2025 Raw materials $ 1,009,900 $ 892,200 Work-in-process 56,800 - Finished goods 873,600 856,100 Total Inventories $ 1,940,300 $ 1,748,300 Inventories - Current Asset $ 1,555,500 $ 1,401,300 Inventories - Noncurrent Asset $ 384,800 $ 346,700 5. Goodwill and Finite Lived Intangible Assets Goodwill represents the excess of the purchase price over the fair value of the net assets acquired in connection with the Company’s acquisitions. Goodwill amounted to $115,300 as of June 30, 2026, and December 31, 2025, all of which is expected to be deductible for tax purposes. Finite lived intangible assets are as follows: As of June 30, 2026 Useful Lives Cost Accumulated Amortization Net Technology, trademarks 3--10 yrs. $ 1,216,800 $ 1,216,800 $ - Trade names 3--6 yrs. 592,300 592,300 - Websites 3--7 yrs. 210,000 210,000 - Customer relationships 4--10 yrs. 372,200 372,200 - Sublicense agreements 10 yrs. 294,000 294,000 - Non-compete agreements 4--5 yrs. 1,060,500 1,060,500 - Patents 5--7 yrs. 408,800 327,800 81,000 $ 4,154,600 $ 4,073,600 $ 81,000 As of December 31, 2025 Useful Lives Cost Accumulated Amortization Net Technology, trademarks 3--10 yrs. $ 1,216,800 $ 1,216,800 $ - Trade names 3--6 yrs. 592,300 592,300 - Websites 3--7 yrs. 210,000 210,000 - Customer relationships 4--10 yrs. 372,200 372,200 - Sublicense agreements 10 yrs. 294,000 294,000 - Non-compete agreements 4--5 yrs. 1,060,500 1,060,500 - Patents 5--7 yrs. 408,800 305,300 103,500 $ 4,154,600 $ 4,051,100 $ 103,500 11
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Table of Contents Total amortization expense was $22,500 and $221,400 for the six months ended June 30, 2026, and June 30, 2025, respectively. Estimated future fiscal year amortization expense of intangible assets as of June 30, 2026, is as follows: As of June 30, 2026 Amount Remainder of year ending 2026 $ 22,100 2027 43,900 2028 15,000 Total $ 81,000 6. Commitment and Contingencies Legal Matters During the normal course of business, the Company may be named from time to time as a party to claims and litigations arising in the ordinary course of business. When the Company becomes aware of potential litigation, it evaluates the merits of the case in accordance with ASC 450, "Contingencies". Litigation and contingency accruals are based on our assessment, including advice of legal counsel, regarding the expected outcome of litigation or other dispute resolution proceedings. If the Company determines that an unfavorable outcome is probable and can be reasonably assessed, it establishes the necessary accruals. As of June 30, 2026 and December 31, 2025, the Company is not aware of any contingent legal liabilities that should be reflected in the unaudited consolidated financial statements. Leases The Company’s approximate future minimum rental payments under all operating leases as of June 30, 2026, were as follows: As of June 30, 2026: Amount Remainder of fiscal year ending 2026 $ 211,100 2027 408,400 2028 209,400 2029 1,100 Total future minimum payments $ 830,000 Less: Imputed interest (39,300) Total Present Value of Operating Lease Liabilities $ 790,700 12
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Table of Contents 7. Shareholders’ Equity Issuance of Common Stock and Warrants The Company’s 2022 Equity Incentive Plan (“2022 Plan”) provides for the issuance of up to 3,750,000 shares of the Company’s Common Stock, par value $0.05 per share, plus outstanding options granted under the 2022 Plan that expire or are forfeited. Incentive stock options may be granted to employees at an exercise price equal to 100% (or 110% if the optionee owns directly or indirectly more than 10% of the outstanding voting stock) of the fair market value of the shares of Common Stock on the date of the grant. Nonstatutory stock options shall be granted at the fair market value of the shares of Common Stock on the date of grant. As of June 30, 2026, there were 2,616,374 shares of Common Stock available for grant of options under the 2022 Plan. Grants of Incentive and Nonstatutory Stock Options On February 17, 2026, as part of the Company’s strategic initiatives to reduce operating costs and conserve cash for operations and annual management and Board compensation reviews, the Company granted an aggregate of 1,112,000 10-year options at an exercise price of $0.60 of which 535,000 vest 100% on February 17, 2030 and 577,000 of which vest monthly over twelve months, the majority of which were granted in lieu of cash salary and fees foregone by executives and the Board of Directors. The options were valued at $556,000 on the grant date using the Black-Scholes-Merton option pricing model, recorded as stock-based compensation during the applicable period. On July 1, 2025, the Company granted and issued stock options to purchase 15,000 shares of the Common Stock to each of Michael Blechman, Christopher Cox and John Nicols as well as 10,000 shares to Jurgen Schumacher, as part of their annual compensation serving as independent Board members of the Company. These stock options have a 10-year life, an exercise price of $0.65, vest 100% one year after the grant date, and valued at $9,750 for Blechman, Cox and Nicols and $6,500 for Schumacher on the grant date using the Black- Scholes-Merton option pricing model. On May 13, 2025, in connection with the Company’s annual compensation reviews for its management and key employees, the Company granted an aggregate of 376,907 10-year options at an exercise price of $1.00, vesting 100% four years after the grant date, valued at $237,500 on the grant date using the Black-Scholes-Merton option pricing model, recorded as stock-based compensation during the applicable period. The following table summarizes the Company’s stock options activity for the six months ended June 30, 2026: Number of Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term (In Years) Outstanding at December 31, 2025 2,246,144 $ 3.07 7.33 Granted 1,112,000 $ 0.60 Exercised Expired (31,626) $ 2.04 Outstanding at June 30, 2026 3,326,518 $ 2.25 8.15 Stock compensation expense related to stock options of $278,800 and $375,200 was incurred for the six months ended June 30, 2026 and 2025, respectively. 13
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Table of Contents 8. Loss Per Common Share Basic Earnings Per Share (“EPS”) is computed by dividing net income or loss by the weighted average number of shares outstanding during the reported period. Diluted EPS is computed similarly to basic EPS, except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential additional common shares that were dilutive had been issued. In periods for which the Company reports a net loss, the Common Stock equivalents are not included, as they would be anti- dilutive. The following table sets forth the weighted average number of common shares outstanding for each period presented. For the three months ended For the six months ended June 30, June 30, 2026 2025 2026 2025 Basic and Diluted Earnings per share: Loss from continuing operations $ (1,233,800) $ (1,796,800) $ (2,823,100) $ (3,854,900) Income from discontinued operations, net of taxes - 273,100 - 552,700 Net loss $ (1,233,800) $ (1,523,700) $ (2,823,100) $ (3,302,200) Weighted average number of common shares outstanding 11,928,599 11,345,907 11,928,599 10,867,040 Effect of dilutive securities: - - - - Weighted average number of dilutive common shares outstanding 11,928,599 11,345,907 11,928,599 10,867,040 Basic and diluted loss per common share: Continuing operations $ (0.10) $ (0.16) $ (0.24) $ (0.35) Discontinued operations - 0.03 - 0.05 Consolidated operations $ (0.10) $ (0.13) $ (0.24) $ (0.30) Approximately 3,326,518 and 7,627,350 shares of the Company’s common stock issuable upon the exercise of stock options and warrants, respectively, were excluded from the calculation because the effect would be anti-dilutive due to the loss for the six months ended June 30, 2026. Approximately 2,195,021 and 9,536,660 shares of the Company’s common stock issuable upon the exercise of stock options and warrants, respectively, were excluded from the calculation because the effect would be anti-dilutive due to the loss for the six months ended June 30, 2025. No options and warrants were excluded from the calculation for Discontinued operations because the effect of such securities is anti-dilutive because they are out of the money. 9. Related Parties Consulting Agreements The Company has a consulting agreement with John Nicols, a Director of the Company since September 2023 for services provided to the Bioprocessing Systems Operations segment. Effective February 1, 2026 Mr. Nicols agreed to reduce his monthly consulting fee by 50% to $4,000 per month for a twelve month period beginning February 1, 2026. During the six months ended June 30, 2026 and 2025, the Company paid $28,000 and $48,000, respectively, to Mr. Nicols. 14
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Table of Contents 10. Segment Information and Concentration The Company views its operations as two operating segments: the manufacture and marketing of benchtop laboratory equipment including analytical and pharmacy balances and scales (“Benchtop Laboratory Equipment Operations”), and the manufacture, design, and marketing of bioprocessing systems and products (“Bioprocessing Systems”). The Company also has included a non-operating Corporate segment for expenses directly related to Corporate operations. All inter-segment revenues are eliminated. Segment information is reported as follows: Three Months Ended June 30, 2026 Benchtop Laboratory Equipment Bioprocessing Systems Corporate and Other Consolidated Revenues $ 1,196,200 $ 274,200 $ - $ 1,470,400 Foreign Sales - 120,400 - 120,400 Gain (Loss) From Operations 57,500 (1,071,000) (259,300) (1,272,800) Assets 3,261,300 2,913,600 3,932,000 10,106,900 Long-Lived Asset Expenditures 2,000 6,300 - 8,300 Depreciation and Amortization 3,200 47,600 - 50,800 Three Months Ended June 30, 2025 Benchtop Laboratory Equipment Bioprocessing Systems Corporate and Other Consolidated Revenues $ 857,300 $ 223,700 $ - $ 1,081,000 Foreign Sales - 118,900 - 118,900 Loss From Operations (102,700) (1,459,600) (257,200) (1,819,500) Assets 6,155,300 3,680,200 390,900 10,226,400 Long-Lived Asset Expenditures 5,700 1,200 - 6,900 Depreciation and Amortization 16,800 137,500 - 154,300 For the three months ended June 30, 2026, two customers accounted for approximately 49% of the Company’s total revenue. For the three months ending June 30, 2025, one customer accounted for approximately 10% of the Company’s total revenue. For the three months ended June 30, 2026, one vendor accounted for approximately 11% of the Company’s total purchases. For the three months ending June 30, 2025, there was no vendor concentration. Six Months Ended June 30, 2026 Benchtop Laboratory Equipment Bioprocessing Systems Corporate and Other Consolidated Revenues $ 2,062,000 $ 635,500 $ - $ 2,697,500 Foreign Sales - 390,700 - 390,700 Loss From Operations (140,000) (2,183,800) (616,800) (2,940,600) Assets 3,261,300 2,913,600 3,932,000 10,106,900 Long-Lived Asset Expenditures 2,000 12,500 - 14,500 Depreciation and Amortization 9,400 96,700 - 106,100 Six Months Ended June 30, 2025 Benchtop Laboratory Equipment Bioprocessing Systems Corporate and Other Consolidated Revenues $ 1,666,100 $ 357,200 $ - $ 2,023,300 Foreign Sales - 199,800 - 199,800 Loss From Operations (197,200) (2,894,700) (818,300) (3,910,200) Assets 6,155,300 3,680,200 390,900 10,226,400 Long-Lived Asset Expenditures 14,000 19,200 - 33,200 Depreciation and Amortization 26,800 294,200 - 321,000 For the six months ended June 30, 2026, two customers accounted for approximately 35% of the Company’s total revenue. For the six months ending June 30, 2025, one customer accounted for approximately 10% of the Company’s total revenue. For the six months ended June 30, 2026, one vendor accounted for approximately 16% of the Company’s total purchases. For the six months ending June 30, 2025, there was no vendor concentration. 15
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Table of Contents A reconciliation of the Company’s consolidated segment loss from operations to consolidated loss from operations before discontinued operations and income taxes for the three months and six months ended June 30, 2026 and 2025, respectively are as follows: Three Months Ended June 30, 2026 Benchtop Laboratory Equipment Bioprocessing Systems Corporate and Other Consolidated Gain (loss) From Operations 57,500 (1,071,000) (259,300) (1,272,800) Other (expense) income, net - (5,900) 4,500 (1,400) Interest income - - 40,400 40,400 Total other income, net - (5,900) 44,900 39,000 Gain (loss) from operations before discontinued operations and income taxes $ 57,500 $ (1,076,900) $ (214,400) $ (1,233,800) Three Months Ended June 30, 2025 Benchtop Laboratory Equipment Bioprocessing Systems Corporate and Other Consolidated Loss From Operations (102,700) (1,459,600) (257,200) (1,819,500) Other income (expense), net - 7,900 100 8,000 Interest income - - 14,700 14,700 Total other income, net - 7,900 14,800 22,700 Loss from operations before discontinued operations and income taxes $ (102,700) $ (1,451,700) $ (242,400) $ (1,796,800) Six Months Ended June 30, 2026 Benchtop Laboratory Equipment Bioprocessing Systems Corporate and Other Consolidated Loss From Operations (140,000) (2,183,800) (616,800) (2,940,600) Other (expense) income, net - 18,700 7,000 25,700 Interest income - - 91,800 91,800 Total other income, net - 18,700 98,800 117,500 Loss from operations before discontinued operations and income taxes $ (140,000) $ (2,165,100) $ (518,000) $ (2,823,100) Six Months Ended June 30, 2025 Benchtop Laboratory Equipment Bioprocessing Systems Corporate and Other Consolidated Loss From Operations (197,200) (2,894,700) (818,300) (3,910,200) Other income (expense), net - 23,000 (2,600) 20,400 Interest income - - 34,900 34,900 Total other income, net - 23,000 32,300 55,300 Loss from operations before discontinued operations and income taxes $ (197,200) $ (2,871,700) $ (786,000) $ (3,854,900) 16
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Table of Contents 11. Discontinued Operations On August 7, 2025, the Company entered into an Asset Purchase Agreement (the “Purchase Agreement”) pursuant to which the Company sold substantially all of the assets of the Genie Division of the Company’s Benchtop Laboratory Equipment Operations located in Bohemia, New York to Troemner, LLC (the “Buyer”). The purchase price consisted of $9,600,000 less certain working capital adjustments plus an earn-out up to an aggregate of $1,500,000, of which $1,140,000 is guaranteed if the Seller performs certain obligations under a separate Manufacturing and Supply Agreement (“MSA”) and a separate Transition Services Agreements (“TSA”), under which the Company will supply products previously produced by the Genie Division to the Buyer for a period of up to twelve months, plus transition services which include training and transfer of knowhow by the Company to the Buyer. The amounts earned by the Company under MSA and TSA are recorded as earned based on the contractual services performed and are recorded as a reduction of its operating expenses which amounted to $180,000 and $360,000 during the three and six month periods ended June 30, 2026, respectively As of June 30, 2026, the Current Assets for Discontinued Operations of $490,400 reflect a receivable from the Buyer while the Current Liabilities for Discontinued Operations of $75,500 reflect a payable to the Buyer. The following is the breakdown of the income generated from discontinued operations. For the three months ended June 30, 2026 2025 Net Revenue $ - $ 1,248,900 Cost of Goods Sold - 605,700 Gross Profit - 643,200 Operating Expenses: General and Administrative - 232,000 Selling - 138,000 Research and Development - 100 Total Expenses $ - $ 370,100 Income from discontinued operations $ - $ 273,100 For the six months ended June 30, 2026 2025 Net Revenue $ - $ 2,713,100 Cost of Goods Sold - 1,397,600 Gross Profit - 1,315,500 Operating Expenses: General and Administrative - 454,200 Selling - 308,500 Research and Development - 100 Total Expenses $ - $ 762,800 Income from discontinued operations $ - $ 552,700 In our Unaudited Condensed Consolidated Statements of Cash Flows, the cash (used in) provided by operating activities from discontinued operations for six months ended June 30, 2026 and 2025 was ($154,300) and $441,600, respectively. 12. Subsequent Events Effective July 30th, the Company entered into a second amendment with its landlord for the Bohemia premises to among other things, reduce the space by 5,003 feet through a voluntary surrender, provide the Company the ability to sublease additional 5,000 square feet, and extend the lease through October 2031. 17
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Table of Contents Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations Forward-Looking Statements. The following discussion and analysis of our financial condition and results of operations should be read in conjunction with our audited financial statements and related notes included in our Annual Report on Form 10-K for the year ended December 31, 2025. Certain statements contained in this report are not based on historical facts, but are forward-looking statements that are based upon various assumptions about future conditions. Actual events in the future could differ materially from those described in the forward-looking statements. Numerous unknown factors and future events could cause such differences, including but not limited to, product demand, market acceptance, success of marketing strategy, success of expansion efforts, impact of competition, adverse economic conditions, and other factors affecting the Company’s business that are beyond the Company’s control, which are discussed elsewhere in this report. Consequently, no forward-looking statement can be guaranteed. The Company undertakes no obligation except as required by law, to publicly update forward-looking statements, whether as a result of new information, future events or otherwise. Throughout this Quarterly Report on Form 10-Q, the terms the “Company,” “Scientific,” “we,” “our” or “us,” refer to Scientific Industries, Inc. and its subsidiaries on a consolidated basis, unless stated or the context implies otherwise. Overview; Scientific Industries, Inc., a Delaware corporation (“SI” and along with its subsidiaries, the “Company”, “we”, “our”), is engaged in the design, manufacture, and marketing a variety of benchtop laboratory equipment, weight and measurement products (“Benchtop Laboratory Equipment”), and through its wholly-owned subsidiary, Scientific Bioprocessing Holdings, Inc., a Delaware corporation (“SBHI”), the design, manufacture, and marketing of bioprocessing systems and products (“Bioprocessing Systems”). SBHI has two wholly-owned subsidiaries – Scientific Bioprocessing, Inc., a Delaware corporation (“SBI”), and aquila biolabs GmbH, a German corporation (“Aquila”). The Company's products are used primarily in pharmacies, pharmaceutical companies, university and industrial laboratories, and other industries that utilize weighing and pill counting systems and bioprocessing analytical tools. The Company’s results reflect those of the Benchtop Laboratory Equipment Operations and the Bioprocessing Systems Operations and its corporate operation. Results of Operations. Three months ended June 30, 2026 and 2025 Revenue Net revenues for the three months ended June 30, 2026 increased $389,400 (36.0%) to $1,470,400 from $1,081,000 for the three months ended June 30, 2025, primarily due to a $338,900 increase in Benchtop Laboratory Equipment sales which, since the August 2025 Genie division sale, is comprised entirely of Torbal and VIVID brand products as well as a $50,500 increase in sales from our Bioprocessing Systems Operations. Gross profit The gross profit percentage for the three months ended June 30, 2026, and 2025, was 42.3% and 34.8%, respectively. The increase is due primarily to a higher gross margin percentage in the Bioprocessing Systems Operations derived from increased sales of its DOTS product line which have higher margins than legacy products. General and administrative General and administrative expenses for the three months ended June 30, 2026, and 2025, were $553,900 and $744,800, respectively. The decrease of $190,900 (25.6%) is due primarily to decreased employee-related costs associated with a reduction in force in the Bioprocessing Systems Operations. Selling Selling expenses for the three months ended June 30, 2026 and 2025, were $647,100 and $774,300, respectively. The decrease of $127,200 (16.4%) is due primarily to cost savings initiatives including reduction in salesforce and marketing activities by the Bioprocessing Systems Operations. 18
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Table of Contents Research and development Research and development expenses for the three months ended June 30, 2026, and 2025, were $694,500 and $677,100, respectively. The increase of $17,400 (2.6%) is due primarily to the increase of research and development expenditures for new products associated with the Benchtop Laboratory Equipment's VIVID pill counters. Other income, net Other income, net, for the three months ended June 30, 2026 and 2025, were $39,000 and $22,700, respectively. The increase is due primarily to the increase in interest income related to investment securities purchased with the proceeds related to sale of the Genie Division in August of 2025. Income tax Income tax for the three months ended June 30, 2026, and 2025, was $0 and $0, respectively. The Company maintains a full valuation allowance of $13,484,039 as of June 30, 2026 against its consolidated net deferred taxasset as the Company determined the net deferred taxassets, which includes net operating loss carry-forwards and other taxcredits, are not more likely than not to be realized in the future. Six months ended June 30, 2026 and 2025 Revenue Net revenues for the six months ended June 30, 2026 increased $674,200 (33.3%) to $2,697,500 from $2,023,300 for the six months ended June 30, 2025, primarily due to a $395,900 increase in Benchtop Laboratory Equipment sales which, since the August 2025 Genie division sale, is comprised entirely of Torbal and VIVID brand products, as well as a $278,300 increase in sales from our Bioprocessing Systems Operations. Gross profit The gross profit percentage for the six months ended June 30, 2026, and 2025, was 40.5% and 35.6%, respectively. The increase is due primarily to a higher gross margin percentage in the Bioprocessing Systems Operations derived from increased sales of its DOTS product line which have higher margins than legacy products. General and administrative General and administrative expenses for the six months ended June 30, 2026, and 2025, were $1,300,900 and $1,774,000, respectively. The decrease of $473,100 (26.7%) is due primarily to decreased employee-related costs associated with a reduction in force in Bioprocessing Systems Operations. Selling Selling expenses for the six months ended June 30, 2026 and 2025, were $1,334,200 and $1,528,100, respectively. The decrease of $193,900 (12.7%) is due primarily to cost savings initiatives including reduction in salesforce and marketing activities by the Bioprocessing Systems Operations. 19
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Table of Contents Research and development Research and development expenses for the six months ended June 30, 2026, and 2025, were $1,398,100 and $1,329,100, respectively. The increase of $69,000 (5.2%) is due primarily to the increase of research and development expenditures for new products associated with the Benchtop Laboratory Equipment's VIVID pill counters. Other income, net Other income, net, for the six months ended June 30, 2026 and 2025, were $117,500 and $55,300, respectively. The increase is due primarily to the increase in interest income related to investment securities purchased with the proceeds related to sale of the Genie Division in August of 2025. Income tax Income tax for the six months ended June 30, 2026, and 2025, was $0 and $0, respectively. The Company maintains a full valuation allowance of $13,484,039 as of June 30, 2026 against its consolidated net deferred taxasset as the Company determined the net deferred taxassets, which includes net operating loss carry-forwards and other taxcredits, are not more likely than not to be realized in the future. Liquidity and Capital Resources. Our primary sources of liquidity are existing cash and cash equivalents, including investment securities, and cash generated from sales of equity investments, payments related to agreements associated with the sale of the Genie Division in August 2025, and our on-going business operations. In order to continue as a going concern, the Company will need to continue to decrease expenses, materially increase revenues, and/or secure additional external capital resources. Based on management’s current operating plan, the Company believes its cash on hand, including its investments, is sufficient to fund the Company's operations for a period of at least one year subsequent to the issuance of the accompanying condensed consolidated financial statements. However, there is no assurance that management's current operating plan will be successful. The following table discloses our cash flows for the periods presented: For the six months ended June 30, 2026 2025 Net cash used in operating activities $ (1,897,600) $ (3,204,500) Net cash provided by investing activities 1,740,600 1,580,700 Net cash provided by financing activities - 1,452,200 Effect of changes in foreign currency exchange rates (27,200) 33,500 Net cash (used in) provided by discontinued operations (154,300) 441,600 (Decrease) increase in cash and cash equivalents (338,500) 303,500 Net cash used in operating activities decreased by $1,306,900 for the six months ended June 30, 2026, as compared to the six months ended June 30, 2025. The net change is primarily due to cost reductions related to both the Benchtop and Bioprocessing Systems operations as well as corporate expenses. Net cash provided by investing activities increased by $159,900 for the six months ended June 30, 2026, as compared the to six months ended June 30, 2025. The net increase is primarily due to the higher redemption of investment securities during the six months ended June 30, 2026. The decrease in net cash provided by financing activities for the six months ended June 30, 2026 as compared to the six months ended June 30, 2025 is related to there being no stock issuance for the six months ended June 30, 2026. 20
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Table of Contents Critical Accounting Estimates The preparation of financial statements and related disclosures in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) requires us to make judgments, assumptions, and estimates that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. “Note 2-Summary of significant accounting policies” to the Condensed Consolidated Financial Statements in our Annual Report on Form 10-K for the year ended December 31, 2025 (“2025 Form 10-K”) describes the significant accounting policies and methods used in the preparation of the consolidated financial statements. Our critical accounting estimates are identified in Management’s Discussion and Analysis of Financial Condition and Results of Operations in Part II, Item 7 of our 2025 Form 10-K. Such accounting policies and estimates require significant judgments and assumptions to be used in the preparation of the consolidated financial statements, and actual results could differ from our assumptions and estimates, and such differences could be material. ITEM 3. Quantitative and Qualitative Disclosures about Market Risk We are a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and are not required to provide the information otherwise required under this item. ITEM 4. Controls and Procedures Evaluation of Disclosure Controls and Procedures As of the end of the period covered by this report, our management, with the participation and supervision of our Chief Executive Officer and Chief Financial Officer, have evaluated the Company’s disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d- 15(e) under the Securities Exchange Act of 1934). In designing and evaluating our disclosure controls and procedures, we recognize that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives and that we are required to apply our judgment in evaluating the cost-benefit relationship of possible controls and procedures. Further, no evaluation of controls can provide absolute assurance that misstatements due to error or fraud will not occur or that all control issues and instances of fraud, if any, within the Company have been detected. Based on the evaluation of our disclosure controls and procedures and internal controls over financial reporting as of June 30, 2026, our Chief Executive Officer and our Chief Financial Officer concluded that our disclosure controls and procedures were effective. Our management has concluded that the condensed consolidated financial statements included in this Quarterly Report on Form 10-Q present fairly, in all material respects, the Company’s financial position, results of operations and cash flows for the periods disclosed in accordance with U.S. GAAP. Changes in Internal Controls Over Financial Reporting There were no changes in our internal control over financial reporting identified in connection with the evaluation required by Rule 13a- 15(d) and 15d-15(d) of the Exchange Act that occurred during the three months ended June 30, 2026 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting. 21
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Table of Contents PART II – OTHER INFORMATION ITEM 1. Legal Proceedings None ITEM 1A. Risk Factors Not required for smaller reporting companies. ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds None ITEM 3. Defaults Upon Senior Securities None ITEM 4. Mine Safety Disclosures Not applicable ITEM 5. Other Information None 22
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Table of Contents ITEM 6. Exhibits Exhibit Number Description of document 10(a)-3(ii) Second amendment to lease dated July 30, 2026 by and between the Company and REP 2035 LLC. (filed herewith as Exhibit 10(a)-3(i). 31.1 Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 31.2 Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 32.1 Certification of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 32.2 Certification of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 23
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Table of Contents SIGNATURES Pursuant to the requirements of Section13 or 15(d) of the Securities Exchange Act of 1934, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. SCIENTIFIC INDUSTRIES, INC. (Registrant) Date: August 13, 2026 By:/s/ Helena R. Santos Helena R. Santos President, Chief Executive Officer, and Treasurer SCIENTIFIC INDUSTRIES, INC. (Registrant) Date: August 13, 2026 By:/s/ Zachary Rovinsky Zachary Rovinsky Chief Financial Officer, Asst Treasurer, Asst Secretary 24
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EXHIBIT 10(a)3(ii) SECOND AMENDMENT TO LEASE This SECOND AMENDMENT TO LEASE (this “Agreement”), made as of July 30, 2026 (the “Effective Date”), by and between REP 2035 LLC, a Delaware limited liability company (“Landlord”), having an office at c/o Rechler Equity Partners, 85 South Service Road, Plainview, New York 11803, and SCIENTIFIC INDUSTRIES, INC., a New York corporation (“Tenant”), having an office at 80 Orville Drive, Suite 102, Bohemia, New York 11716. RECITALS WHEREAS, 80 Orville Drive Associates LLC (a predecessor-in-interest to Landlord), as landlord, and Tenant, as tenant, entered into an Agreement of Lease, made as of August 5, 2014 (the “Original Lease”), for the lease of a certain 18,950 rentable square foot space, identified as Suite 102 (the “Original Premises”), in the building located at 80 Orville Drive, Bohemia, New York (the “Building”), as more particularly shown and described in the Original Lease; WHEREAS, Landlord, as landlord, and Tenant, as tenant, entered into a First Amendment to Lease, made as of September 20, 2021 (the “First Amendment” and, together with the Original Lease, sometimes hereinafter collectively referred to as the “Existing Lease”), pursuant to which, among other things, (a) Tenant leased from Landlord 5,003 rentable square feet of additional space in the Building (the “5,003 Expansion Premises”) and (b) the Term of the Original Lease was extended to and including October 31, 2028, subject to and in accordance with the terms and conditions of the First Amendment; and WHEREAS, Landlord and Tenant desire to amend the Existing Lease so as to, among other things, (a) further extend the Term of the Original Lease to and including October 31, 2031, and (b) grant to Tenant the 5,003 Surrender Option (as such term is defined and addressed in Article III of this Agreement); all subject to and in accordance with the terms and conditions of this Agreement. NOW, THEREFORE, in consideration of the mutual promises contained herein and for other good and valuable consideration, the receipt and sufficiency of which being hereby acknowledged, the parties agree as follows: ARTICLE I Definitions 1.1 The recitals are specifically incorporated into the body of this Agreement and shall be binding upon the parties hereto. 1.2 Unless expressly set forth to the contrary and except as modified by this Agreement, all capitalized or defined terms shall have the meanings ascribed to them in the Existing Lease. 1.3 As used herein, the term “Lease” shall mean the Existing Lease, as modified and amended by this Agreement. 1.4 The term “Current Premises” is sometimes used in this Agreement to mean and refer to the 23,953 aggregate rentable square feet of space in the Building that is collectively comprised of the Original Premises and the 5,003 Expansion Premises. 1
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ARTICLE II Lease Modifications The Existing Lease is and shall be modified and amended as follows: 2.1 Term; Space. (A) Original Premises. Effective as of the Effective Date of this Agreement, the applicable provisions of the Existing Lease, specifically including the provisions of Paragraph 42 of the Original Lease, as previously modified and amended by Section 2.2 of the First Amendment, are hereby modified and amended to provide that the Term of the Lease, as it relates to the Original Premises only, is hereby extended to and including October 31, 2031, unless sooner terminated pursuant to any of the provisions of the Lease. All references in the Existing Lease or this Agreement to the term “Expiration Date” as it relates to the Original Premises only, or otherwise to the scheduled date for expiration of the Term of the Lease as it relates to the Original Premises only, shall hereafter mean and refer to October 31, 2031. (B) 5,003 Expansion Premises. The Term of the Lease, as it relates to the 5,003 Expansion Premises only, is not being extended pursuant to this Agreement. Accordingly, subject to the exercise by Tenant of the 5,003 Surrender Option (as such term is defined in Section 3.1 of this Agreement), each reference in the Existing Lease or this Agreement to the term “Expiration Date” as it relates to the 5,003 Expansion Premises only, or otherwise to the scheduled date for expiration of the Term of the Lease as it relates to the 5,003 Expansion Premises only, shall continue to mean and refer to October 31, 2028. (C) Effect of the Expiration of the 5,003 Expansion Premises Term Occurring Prior to the Expiration of the Original Premises Term. The parties acknowledge and agree that, in the event Tenant does not exercise the 5,003 Surrender Option: (i) Tenant shall be obligated to fully surrender and vacate the 5,003 Expansion Premises in the condition required under the Lease by October 31, 2028; and (ii) all the Lease modifications described in Section 3.3 of this Agreement shall be given effect as of October 31, 2028, as if October 31, 2028 was the “Applicable 5,003 Surrender Date” referenced in said Section 3.3 and as if November 1, 2028 was the “Downsize Date” referenced in said Section 3.3. 2
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2.2 Rent. (A) Original Premises. (i) Through and including August 31, 2028, minimum annual rent (the “Rent”) for the Original Premises shall continue to be payable in accordance with the provisions of the Existing Lease, specifically including, without limitation, the provisions of Paragraph 43 of the Original Lease, as previously modified and amended by Section 2.3(A) of the First Amendment. (ii) Effective as of September 1, 2028, Paragraph 43 of the Original Lease, as so previously modified and amended, is hereby further modified and amended to provide that, during the period from September 1, 2028 through and including October 31, 2031, the Rent for the Original Premises shall be payable as follows: During the period from September 1, 2028 through and including October 31, 2028, the Rent for the Original Premises shall be payable in two (2) equal and consecutive monthly installments of $18,552.46. During the period from November 1, 2028 through and including October 31, 2029, the Rent for the Original Premises shall be $255,825.00, payable in equal and consecutive monthly installments of $21,318.75. During the period from November 1, 2029 through and including October 31, 2030, the Rent for the Original Premises shall be $263,405.04, payable in equal and consecutive monthly installments of $21,950.42. During the period from November 1, 2030 through and including August 31, 2031, the Rent for the Original Premises shall be payable in ten (10) equal and consecutive monthly installments of $22,613.67. During the period from September 1, 2031 through and including October 31, 2031, the Rent for the Original Premises shall be payable in two (2) equal and consecutive monthly installments of $9,980.34. (B) 5,003 Expansion Premises. Through and including October 31, 2028 (subject to the exercise by Tenant of the 5,003 Surrender Option), Rent for the 5,003 Expansion Premises shall continue to be payable in accordance with the provisions of the Existing Lease, specifically including, without limitation, the provisions of Paragraph 43 of the Original Lease, as previously modified and amended by Section 2.3(B) of the First Amendment. 2.3 Alterations. Effective as of the Effective Date of this Agreement, Paragraphs 3 and 45(a) of the Original Lease are hereby modified, amended and supplemented so as to require Tenant to cause each contractor, subcontractor and vendor engaged directly or indirectly by Tenant to perform any work in or at the Building to provide Landlord with (a) evidence of all insurance coverages then- customarily required by Landlord of contractors, subcontractors and vendors performing work in the Building, and (b) a duly executed copy of Landlord’s then-current contractor access and indemnity agreement. 3
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2.4 Assignment / Subletting. (A) Effective as of the Effective Date of this Agreement, Paragraph 54 of the Original Lease is hereby modified and amended so as to allow Tenant to enter into a single Permitted Warehouse Sublease (as hereinafter defined) upon notice to, but without the requirement of the consent of, Landlord; provided that, in connection with a Permitted Warehouse Sublease and any other sublease entered into by Tenant: (a) at the time of the sublease, Tenant is not then in default under the Lease (beyond any applicable notice and grace period provided in the Lease for the cure thereof); (b) the subject sublessee has delivered to Landlord a signed writing (in commercially reasonable form and substance) pursuant to which such sublessee agrees that its interest in the subject portion of the Demised Premises is subject and subordinate to the leasehold interest created by the Lease, that the manner of use and occupancy of the Demised Premises (or subject portion thereof) by the sublessee, its agents, employees and contractors shall be limited and restricted at least to the same extent that Tenant’s use and occupancy of the Demised Premises is limited and restricted by the Lease (subject to more stringent limitations and restrictions that may be set forth in the sublease agreement between Tenant and the subject sublessee), and that, in addition to Tenant, the sublessee shall also satisfy all insurance requirements imposed upon Tenant under the Lease and shall indemnify, defend and hold Landlord and Landlord’s Others In Interest harmless in a manner commensurate with the corresponding obligations owed by Tenant pursuant to the terms of the Lease, and (c) Tenant shall not be released or discharged from any liability under the Lease by reason of the subject sublease. As used herein, the term “Permitted Warehouse Sublease” shall mean a sublease by Tenant, as sublessor, to a reputable, licensed and insured company, as sublessee, of up to 5,000 square feet of warehouse-only space (with no ancillary office) in the Demised Premises for a so-called “dry” warehouse use (that does not involve food products) in compliance with all applicable legal requirements. (B) Effective as of the Effective Date of this Agreement, the second sentence of Paragraph 54(h) of the Original Lease is hereby modified and amended so as to insert the phrase “net income and” immediately before the phrase “net worth”. 2.5 Miscellaneous. Effective as of the Effective Date of this Agreement, Paragraph 63 of the Original Lease, as previously modified and amended by Section 2.16 of the First Amendment, is hereby further modified and amended to add the following as a new Paragraph 63(o) thereof: “(o) Tenant shall, in the event Landlord's interest in the Demised Premises or the Building in which the Demised Premises is located comes into the hands of a mortgagee, ground lessor or any other person whether because of a mortgage foreclosure, exercise of a power of sale under a mortgage, or otherwise, attorn to the purchaser or such mortgagee or other person and recognize the same as Landlord hereunder.” 4
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2.6 Condition of the Demised Premises. Tenant hereby acknowledges and agrees that: (a) all work, installations, allowances and contributions heretofore required to have been performed, made, paid or contributed by Landlord pursuant to the Existing Lease, if any, have been fully performed, made, paid or contributed, as applicable, by Landlord prior to the Effective Date of this Agreement; (b) Tenant is accepting the Demised Premises in its “as is” condition as of the Effective Date of this Agreement; and (c) subject to the provisions of Section 3.3(I) of this Agreement, Landlord will not be required to perform any work, make any installations or pay any allowance or contribution in or with respect to the Demised Premises in order to prepare same for Tenant’s continued occupancy thereof. ARTICLE III The 5,003 Surrender Option 3.1 The 5,003 Surrender Option. (A) Subject to the terms and conditions of this Article III, and provided Tenant (i) has not theretofore leased any space in the Building in addition to the Current Premises and (ii) is not then in default under the Lease (beyond any applicable notice and grace period provided in the Lease for the cure thereof), Tenant shall have the right and option (the “5,003 Surrender Option”) to cancel the Lease, solely with respect to the 5,003 Expansion Premises (as hereinafter defined), effective as of the Applicable 5,003 Surrender Date (as hereinafter defined), by delivering to Landlord written notice (the “5,003 Surrender Option Exercise Notice”) (x) informing Landlord that Tenant has elected to exercise the subject 5,003 Surrender Option and (y) setting forth the Applicable 5,003 Surrender Date selected by Tenant (subject to the restrictions set forth in Section 3.1(B), below). The 5,003 Surrender Option Exercise Notice must be given by Tenant, if at all, no later than August 31, 2028 (time being of the essence). Tenant acknowledges and agrees that, following exercise of the 5,003 Surrender Option by Tenant, Tenant may not revoke such exercise without the prior written consent of Landlord (which consent may be conditioned or withheld in Landlord’s sole and absolute discretion). (B) As used herein, the term “Applicable 5,003 Surrender Date” shall mean the date set forth by Tenant in its 5,003 Surrender Option Exercise Notice as the effective date of cancellation of the Lease with respect to the 5,003 Expansion Premises; provided, however, that such date must (i) fall on the last day of a calendar month, (ii) be at least thirty (30) days after the date of delivery to Landlord of the subject 5,003 Surrender Option Exercise Notice, and (iii) be no later than September 30, 2028. 3.2 Vacating the 5,003 Expansion Premises upon Exercise of the 5,003 Surrender Option. If Tenant validly exercises the 5,003 Surrender Option, then (a) Tenant shall cause the entire 5,003 Expansion Premises to be surrendered to Landlord and vacated by Tenant on or before the Applicable 5,003 Surrender Date, in the condition required under the Lease as if that date were the Expiration Date under the Lease (i.e., vacant, broom clean, free of Hazardous Materials, with all systems that service the 5,003 Expansion Premises in working order, and with Tenant having removed therefrom all racking and other items of personal property and having repaired any damaged resulting from such removal), and (b) the Lease shall be deemed canceled and terminated, solely as it relates to the 5,003 Expansion Premises, effective as of the Applicable 5,003 Surrender Date. If Tenant does properly exercise the 5,003 Surrender Option, but thereafter fails to fully and timely vacate the 5,003 Expansion Premises, then (i) such failure shall be deemed a holdover in the 5,003 Expansion Premises by Tenant and the provisions of Paragraph 52 of the Original Lease, as amended, shall apply with full force and effect with respect thereto, with the 5,003 Expansion Premises deemed the “Demised Premises” thereunder for such application, and (ii) if such holdover continues for more than sixty (60) days, there shall be deemed to have occurred an Event of Default on the part of Tenant under the Lease. 5
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3.3 Lease Modifications Triggered by Exercise of the 5,003 Surrender Option. If Tenant validly exercises the 5,003 Surrender Option and timely and properly surrenders and vacates the 5,003 Expansion Premises, then the Lease shall be deemed to have been modified and amended as follows: (A) Demised Premises; Tenant’s Proportionate Share. Effective as of the day immediately following the Applicable 5,003 Surrender Date (the “Downsize Date”), Paragraph 41 of the Original Lease, as previously modified and amended by Section 2.1 of the First Amendment, shall be deemed to have been further modified and amended as follows: (i) Except as may be otherwise indicated by the context of its usage, from and after the Downsize Date, each reference in the Lease to the terms “demised premises” or “Demised Premises” shall mean and refer to the Original Premises only; (ii) The parties hereby stipulate and agree that, from and after the Downsize Date, the Demised Premises shall be deemed to have a rentable area of 18,950 rentable square feet; and (iii) With respect to all periods from and after the Downsize Date, the term “Tenant’s Proportionate Share” shall mean 20.43 percent. (B) Term. For avoidance of doubt, the parties agree that while the Term of the Lease, as it relates to the 5,003 Expansion Premises only, shall expire and come to an end on the Applicable 5,003 Surrender Date, the Term of the Lease, as it relates to the Original Premises, shall remain unaffected by Tenant’s exercise of the 5,003 Surrender Option. (C) Rent. Effective as of the Downsize Date, Paragraph 43 of the Original Lease, as previously modified and amended by Section 2.3 of the First Amendment and as further modified and amended by Section 2.2 of this Agreement, shall be deemed to have been further modified and amended to provide that Tenant shall have no further obligation to pay Rent for the 5,003 Expansion Premises that is attributable to any period from and after the Downsize Date. 6
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(D) Utilities. Effective as of the Downsize Date, Paragraph 44 of the Original Lease, as previously modified and amended by Section 2.4 of the First Amendment, shall be deemed to have been further modified and amended to provide that Tenant shall not be responsible for the cost of consumption of any utility services to the 5,003 Expansion Premises for any period following the Applicable 5,003 Surrender Date. To that end, Landlord and Tenant shall each reasonably cooperate and coordinate with the other to cause the electric and natural gas utility accounts for the 5,003 Expansion Premises to be transferred from the name of Tenant to the name of Landlord or Landlord’s designee as near to the Downsize Date as is reasonably practicable. (E) Common Area Maintenance. Effective as of the Downsize Date, Paragraph 47 of the Original Lease, as previously modified and amended by Section 2.5 of the First Amendment, shall be deemed to have been further modified and amended to reduce the “Base CAM Charge” from $1,077.89 to $852.75 with respect to all periods from and after the Downsize Date. (F) Taxes. Effective as of the Downsize Date, Paragraph 49 of the Original Lease, as previously modified and amended by Section 2.6 of the First Amendment and by Section 2.4 of this Agreement, shall be deemed to have been further modified and amended to provide that Tenant shall have no further obligation to make Tenant’s Tax Payments for the 5,003 Expansion Premises that are attributable to any period from and after the Downsize Date. (G) Parking. Effective as of the Downsize Date, Paragraph 55 of the Original Lease, as previously modified and amended by Section 2.8 of the First Amendment, shall be deemed to have been further modified and amended to delete the phrase “thirty (30) parking spaces” and replace same with the phrase “twenty-four (24) parking spaces.” (H) Insurance Cost. Effective as of the Downsize Date, Paragraph 59(g) of the Original Lease, as previously modified and amended by Section 2.7 of the First Amendment, shall be deemed to have been further modified and amended to reduce the “Base Insurance Charge” from $419.18 to $331.63 with respect to all periods from and after the Downsize Date. (I) Condition of Demised Premises; Landlord’s Work. As of the Downsize Date, Tenant shall accept the Original Premises in its “as-is” condition and Landlord shall not be obligated to perform any work or make any installations in or to the Original Premises in order to prepare same for continued occupancy by Tenant, except that Landlord, at no additional charge to Tenant, shall cause its designated contractor to perform the work necessary to close up the existing openings in the demising wall that separates the Original Premises from the 5,003 Expansion Premises. ARTICLE IV Broker 4.1 Each of Landlord and Tenant represents to the other that this Agreement was not brought about by any broker and that all negotiations with respect to this Agreement were conducted exclusively between Landlord and Tenant. Landlord agrees that if any claim is made for commissions by any broker claiming to have had dealings with Landlord in connection with this Agreement or the transaction contemplated hereby, then Landlord will hold Tenant free and harmless from any and all liabilities and expenses in connection therewith, including Tenant’s reasonable attorneys’ fees and disbursements. Tenant agrees that if any claim is made for commissions by any broker claiming to have had dealings with Tenant in connection with this Agreement or the transaction contemplated hereby, then Tenant will hold Landlord free and harmless from any and all liabilities and expenses in connection therewith, including Landlord’s reasonable attorneys’ fees and disbursements. 7
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ARTICLE V Ratification 5.1 Tenant represents and warrants that the Existing Lease is presently in full force and effect, that no event of default has occurred on the part of Landlord and that Tenant has no defense or right of offset in connection with Landlord’s performance under the Existing Lease to this date. 5.2 The parties hereby ratify and confirm all of the terms, covenants and conditions of the Existing Lease, except to the extent that those terms, covenants and conditions are amended, modified or varied by this Agreement. If there is a conflict between the provisions of the Existing Lease and the provisions of this Agreement, the provisions of this Agreement shall control. No oral or written statement, representation or promise whatsoever with respect to the foregoing or any other matter made by Landlord, its agents or any broker, whether contained in an affidavit, information circular, or otherwise, shall be binding upon the Landlord unless expressly set forth in this Agreement. 5.3 This Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and/or assigns. 5.4 This Agreement may be executed in one or more counterparts. The parties agree that copies of the signature pages of this Agreement transmitted by email of a .pdf, .tiff, JPEG or similar file or otherwise electronically transmitted, whether sent to the other party or to such other party’s counsel, shall be deemed to have been definitively executed and delivered, and with the same force and effect as if manually signed and delivered, and for all purposes whatsoever. 5.5 Tenant acknowledges and agrees that, if required of Landlord, the effectiveness of this Agreement shall be expressly contingent upon the issuance by Landlord’s mortgagee of its approval of the transaction contemplated by this Agreement. Should such mortgagee approval be both required of Landlord and ultimately denied by Landlord’s mortgagee, Landlord may terminate this Agreement ab initio, upon written notice to Tenant. [Signatures on Following Page] 8
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IN WITNESS WHEREOF, the parties have executed this Second Amendment to Lease as of the day and year first above written. Landlord: REP 2035 LLC By: /s/ Mitchell Rechler Name:Mitchell Rechler Title: Authorized Signatory Tenant: SCIENTIFIC INDUSTRIES, INC. By: /s/ Helena Santos Name:Helena Santos Title: President & CEO 9
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EXHIBIT 31.1 CERTIFICATION BY THE CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT I, Helena R. Santos, certify that: 1. I have reviewed this Quarterly Report on Form 10-Q for the quarter ended June 30, 2026 of Scientific Industries, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report; 4. I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Securities Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have: a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under my supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to me by others within those entities, particularly during the period in which this report is being prepared; b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under my supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purpose in accordance with generally accepted accounting principles; c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures, and presented in this report my conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and d) Disclosed in this report any change in the registrant’s internal control over financial reporting (that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and 5. I have disclosed, based on my most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s Board of Directors (or persons performing the equivalent functions); a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting. Scientific Industries, Inc. Date: August 13, 2026 By:/s/ Helena R. Santos Helena R. Santos Chief Executive Officer
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EXHIBIT 31.2 CERTIFICATION BY THE CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT I, Zachary Rovinsky, certify that: 1. I have reviewed this Quarterly Report on Form 10-Q for the quarter ended June 30, 2026 of Scientific Industries, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report; 4. I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Securities Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have: a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under my supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to me by others within those entities, particularly during the period in which this report is being prepared; b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under my supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purpose in accordance with generally accepted accounting principles; c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures, and presented in this report my conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and d) Disclosed in this report any change in the registrant’s internal control over financial reporting (that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and 5. I have disclosed, based on my most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s Board of Directors (or persons performing the equivalent functions); a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting. Scientific Industries, Inc. Date: August 13, 2026 By:/s/ Zachary Rovinsky Zachary Rovinsky Chief Financial Officer, Asst Treasurer, Asst Secretary
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EXHIBIT 32.1 CERTIFICATION BY THE CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT I, Helena R. Santos, Chief Executive Officer of Scientific Industries, Inc. (the “Company”), certify, to the best of my knowledge that: 1. I have reviewed this Quarterly Report on Form 10-Q of the Company for the period ended June 30, 2026 (the “Quarterly Report”); 2. the Quarterly Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and 3. the information contained in the Quarterly Report fairly presents, in all material respects, the financial condition and results of operations of Scientific Industries, Inc. Scientific Industries, Inc. Date: August 13, 2026 By:/s/ Helena R. Santos Helena R. Santos Chief Executive Officer
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EXHIBIT 32.2 CERTIFICATION BY THE CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT I, Zachary Rovinsky, Chief Financial Officer of Scientific Industries, Inc. (the “Company”), certify, to the best of my knowledge that: 1. I have reviewed this Quarterly Report on Form 10-Q of the Company for the period ended June 30, 2026 (the “Quarterly Report”); 2. the Quarterly Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and 3. the information contained in the Quarterly Report fairly presents, in all material respects, the financial condition and results of operations of Scientific Industries, Inc. Scientific Industries, Inc. Date: August 13, 2026 By:/s/ Zachary Rovinsky Zachary Rovinsky Chief Financial Officer, Asst Treasurer, Asst Secretary