{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-25-013714","form_type":"8-K/A","ticker":"SCND","cik":"0000087802","company_name":"SCIENTIFIC INDUSTRIES INC","filed_at":"2025-12-05T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.438490+00:00","generated_at":"2026-05-16T14:26:47.210512+00:00","sec_items":["9.01","1.01","2.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Scientific Industries sells Genie Division for $9.6M; pro forma shows net gain","bullets":["Sold Genie Division to Troemner LLC for $9.6M base plus up to $1.5M earn-out; $7.6M cash received.","Pro forma H1 2025 net income of $1.44M vs historical loss of $3.3M, driven by $5.26M gain on sale.","Post-sale, company retains Torbal Division; Genie revenue of $2.7M eliminated from H1 2025.","Supply and transition services agreement for up to 12 months with $1.14M potential earn-out.","Pro forma FY 2024 net loss narrowed from $6.4M to $2.4M after adjustments."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-25-013714","json":"https://secwatch.observer/filing/0001654954-25-013714.json","markdown":"https://secwatch.observer/filing/0001654954-25-013714.md","text":"https://secwatch.observer/filing/0001654954-25-013714.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/87802/000165495425013714/0001654954-25-013714-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/87802/000165495425013714/scnd_8ka.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T14:26:47.210512+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"93514eda3932e96336088b8044157413bb719445","claim":"SCIENTIFIC INDUSTRIES INC completed a disposition involving Troemner, LLC for $9,600,000 minus certain working capital adjustments, plus an earn-out of up to an aggregate of $1,500,000.","evidence_excerpt":"Benchtop Laboratory Equipment consisting primarily of the Genie line of products and related fixed assets, inventory, and intellectual property. The purchase price consisted of $9,600,000 minus certain working capital adjustments, plus an earn-out of up to an aggregate of $1,500,000, of which $1,140,000 is payable on the Company’s performance of certain supply and","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/87802/000165495425013714/0001654954-25-013714-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"Troemner, LLC"},{"label":"Consideration","value":"$9,600,000 minus certain working capital adjustments, plus an earn-out of up to an aggregate of $1,500,000"}],"fact_type":"ma_transaction"},{"claim_id":"fa8efcfabb9579be909cad57269c85e6a0d3de66","claim":"SCIENTIFIC INDUSTRIES INC entered into Asset Purchase Agreement with Troemner, LLC valued at $9,600,000 (effective 2025-08-07).","evidence_excerpt":"Scientific Industries, Inc. (the “Company”), a Delaware corporation, entered into an Asset Purchase Agreement (the “Purchase Agreement”) with Troemner, LLC, a Delaware limited company (the “Purchaser”), pursuant to which the Company sold and the Purchaser purchased substantially all of the assets of the Company’s Genie Division","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/87802/000165495425013714/0001654954-25-013714-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"Troemner, LLC"},{"label":"Value","value":"$9,600,000"},{"label":"Effective","value":"2025-08-07"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}