{"url_path":"/sec/else/10-q/2026/cover-page","section_key":"cover-page","section_title":"Cover Page","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-14","source_url":"https://www.sec.gov/Archives/edgar/data/351789/0001554855-26-001042-index.html","accession_number":"0001554855-26-001042","cik":"0000351789","ticker":"ELSE","issuer_name":"ELECTRO SENSORS INC","edgar_url":"https://www.sec.gov/Archives/edgar/data/351789/0001554855-26-001042-index.html","primary_entity_key":"0000351789","primary_entity_name":"ELECTRO SENSORS INC"},"word_count":612,"has_tables":true,"body_markdown":"else-20260331.htm\n\nELECTRO SENSORS 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STATES\nSECURITIES AND EXCHANGE COMMISSION\n\nWashington, DC 20549\n\n \n\nForm 10-Q\n\n \n\n☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE\nSECURITIES EXCHANGE ACT OF 1934\n\n \n\nFor the quarterly period ended March 31, 2026\n\n \n\nOr\n\n \n\n☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE\nSECURITIES EXCHANGE ACT OF 1934\n\n \n\nFor the transition period from ______ to ______\n\n \n\nCommission File Number 000-09587\n\n \n\nELECTRO-SENSORS, INC.\n\n(Exact name of registrant as specified in its charter)\n\n \n\nMinnesota\n\n41-0943459\n\n(State or other jurisdiction of incorporation or organization)\n\n(IRS Employer Identification No.)\n\n \n\n6111 Blue Circle Drive\nMinnetonka, Minnesota 55343-9108\n\n(Address of principal executive offices)\n\n \n\n(952) 930-0100\n\n(Registrant’s telephone number, including area code)\n\n \n\nSecurities registered pursuant to Section 12(b) of the Act:\n\n \n\nTitle of each class\n\nTrading Symbol(s)\n\nName of each exchange on which registered\n\nCommon stock, $0.10 par value\n\nELSE\n\nNasdaq Capital Market\n\n \n\nIndicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 of 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 ☐\n\n \n\nIndicate 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 such files). Yes ☒ No ☐\n\n \n\nIndicate 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.\n\n \n\nLarge accelerated filer  \n\n☐\n\nAccelerated filer ☐\n\n \n\nNon-accelerated filer\n\n☒\n\nSmaller reporting company ☒\n\n \n\n \n\n \n\nEmerging growth company ☐\n\n \n\nIf 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. ☐\n\n \n\nIndicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒\n\n \n\nThe number of shares outstanding of the registrant’s common stock, $0.10 par value, on May 13, 2026 was 3,532,423. \n\n \n\n \n\n \n\nELECTRO-SENSORS, INC.\n\nForm 10-Q\n\nFor the Period Ended March 31, 2026\n\n \n\n#### TABLE OF CONTENTS\n\n \n\n[PART I. FINANCIAL INFORMATION](#bm_a1e8e6a61a6c11a9)\n\n4\n\n \n\n \n\n[Item 1. Financial Statements (unaudited):](#bm_53c76ab477c70df9)\n\n4\n\n \n\n \n\n[Condensed Balance Sheets – As of March 31, 2026 and December 31, 2025](#bm_42a7baf822bea0b1)\n\n4\n\n[Condensed Statements of Operations – For the Three Months Ended March 31, 2026 and March 31, 2025](#bm_2d1e7d0bb3e5e8d5)\n\n5\n\n[Condensed Statements of Changes in Stockholders' Equity – For the Three Months Ended March 31, 2026 and March 31, 2025](#bm_b45fe99cc9979102)\n\n6\n\n[Condensed Statements of Cash Flows – For the Three Months Ended March 31, 2026 and March 31, 2025](#bm_293a326c82703faa)\n\n7\n\n[Notes to Condensed Financial Statements](#bm_90739dd19a369108)\n\n8\n\n \n\n \n\n[Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations](#bm_b5769aed8d9f1f66)\n\n16\n\n[Item 3. Quantitative and Qualitative Disclosures About Market Risk](#bm_f2140356fda1e6ef)\n\n21\n\n[Item 4. Controls and Procedures](#bm_02e716d360470e4b)\n\n21\n\n \n\n \n\n[PART II – OTHER INFORMATION](#bm_4ed8e65d265605c1)\n\n22\n\n \n\n \n\n[Item 1. Legal Proceedings](#bm_8935cebffd5ea009)\n\n22\n\n[Item 1A. Risk Factors](#bm_30fae0e05751d990)\n\n22\n\n[Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](#bm_7bb3d5096b652e75)\n\n22\n\n[Item 3. Defaults Upon Senior Securities](#bm_513980d3f09519d1)\n\n22\n\n[Item 4. Mine Safety Disclosures](#bm_8c56778de11db12b)\n\n22\n\n[Item 5. Other Information](#bm_db1fafc49d99ad0e)\n\n22\n\n[Item 6. Exhibits](#bm_cfee3f9ad63ea4f7)\n\n22\n\n \n\n \n\n[SIGNATURES](#bm_2315c4c9a47c2df9)\n\n23\n\n \n\n \n\nPART I. FINANCIAL INFORMATION"}