{"url_path":"/sec/lctc/10-q/2026/item-2","section_key":"item-2","section_title":"Item 2 UNREGISTERED SALES OF EQUITY","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-14","source_url":"https://www.sec.gov/Archives/edgar/data/1493137/0001553350-26-000075-index.html","accession_number":"0001553350-26-000075","cik":"0001493137","ticker":"LCTC","issuer_name":"Lifeloc Technologies, Inc","edgar_url":"https://www.sec.gov/Archives/edgar/data/1493137/0001553350-26-000075-index.html","primary_entity_key":"0001493137","primary_entity_name":"Lifeloc Technologies, Inc"},"word_count":173,"has_tables":true,"body_markdown":"**ITEM 2 – UNREGISTERED SALES OF EQUITY\nSECURITIES AND USE OF PROCEEDS**\n\n \n\nIn February 2025, options\nto purchase 88,500 shares of our common stock, originally granted as incentive stock options pursuant to our 2013 Stock Option Plan, were\nassigned by the option holders to EDCO Partners LLLP and a third director. The Board of Directors approved the assignments and waived\nthe non-transferability provisions of the applicable option agreements and the Plan solely to permit such assignments. Upon assignment,\nthe options ceased to qualify as incentive stock options and were reclassified as nonqualified stock options for all tax, accounting,\nand compliance purposes. EDCO Partners LLLP, of which our CFO and board chairman is the general partner, and a third director then exercised\nthe assigned options at a price of $3.80 per share for total proceeds of $336,300 to the Company. The shares were issued to EDCO Partners\nLLLP and the third director in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act as transactions\nnot involving a public offering."}