{"url_path":"/sec/ug/10-q/2026/cover-page","section_key":"cover-page","section_title":"Cover Page","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-12","source_url":"https://www.sec.gov/Archives/edgar/data/101295/0001171843-26-003276-index.html","accession_number":"0001171843-26-003276","cik":"0000101295","ticker":"UG","issuer_name":"UNITED GUARDIAN INC","edgar_url":"https://www.sec.gov/Archives/edgar/data/101295/0001171843-26-003276-index.html","primary_entity_key":"0000101295","primary_entity_name":"UNITED GUARDIAN 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SECURITIES AND EXCHANGE COMMISSION**\n\n**WASHINGTON, D.C. 20549**\n\n \n\n**FORM 10-Q**\n\n \n\n \n\n**(Mark One)**\n\n \n\n \n\n☑\n\n** QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES** **EXCHANGE ACT OF 1934**\n\n        \n\n**For the quarterly period ended****March 31, 2026**\n\n \n\n \n\n☐\n\n** TRANSITION REPORT PURSUANT TO 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**\n\n \n\n**For the transition period from ________ to ________**\n\n \n\n**COMMISSION FILE NUMBER: 1-10526**\n\n \n\n**UNITED-GUARDIAN, INC.******.\n\n**(Exact Name of Registrant as Specified in Its Charter)**\n\n \n\n \n\n**Delaware**\n**11-1719724**\n\n**(State or Other Jurisdiction of**\n**(I.R.S. Employer Identification No.)**\n\n**Incorporation or Organization)**\n \n\n \n\n**230 Marcus Boulevard, Hauppauge, New York 11788**\n\n**(Address of Principal Executive Offices)**\n\n \n\n**(631) 273-0900 **\n\n**(Registrant**’**s Telephone Number)**\n\n \n\nN/A\n\n**(Former name, former address, and former fiscal year, if changed since last report)**\n\n \n\n \n\n \n\n \n\nCover Page 1 of 2\n\n \n\n \n\n \n\n**Securities registered pursuant to Section 12(b) of the Act:**\n\n \n\n**Title of each class**\n\n**Trading Symbol**\n\n**Name of each exchange on which registered**\n\nCommon Stock, $0.10 par value per share\n\nUG\n\nNASDAQ Global Market\n\n \n\n**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.**                                                     \n\n \n\n**Yes**☑**No**☐\n\n \n\n**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 such files).**                                                                                          \n\n \n\n**Yes**☑**No**☐\n\n \n\n**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 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\n \n**Large accelerated filer**☐   \n**Accelerated filer**☐\n \n\n \n**Non-accelerated filer**☑ \n**Smaller reporting company **☑\n \n\n \n \n**Emerging growth company**☐\n \n\n                                 \n\n**If an emerging growth company, indicate by checkmark 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\n**Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act.)**          \n\n \n\n**Yes**☐**No**☑\n\n \n\n**Indicate the number of shares outstanding of each of the issuer**’**s classes of common stock, as of the latest practicable date:**\n\n \n\nAs of May 1, 2026, the Registrant had issued and outstanding 4,594,319 shares of Common Stock, $.10 par value per share (\"Common Stock\").\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nCover Page 2 of 2\n\n \n\n \n\n  \n\n \n\n**UNITED-GUARDIAN, INC.**\n\n**INDEX TO FINANCIAL STATEMENTS**\n\nPage No.\n\n**Part I. FINANCIAL INFORMATION**\n\n \n\n \n \n\n[Item 1 - Condensed Financial Statements (unaudited unless indicated otherwise):](#itm1)\n\n[2](#itm1)\n\n \n \n\n   [Statements of Income - Three months ended March 31, 2026 and 2025](#statement_of_income)\n\n[2](#statement_of_income)\n\n \n \n\n   [Balance Sheets - March 31, 2026 (unaudited) and December 31, 2025 (audited)](#BS)\n\n[3](#BS)-[4](#bs2)\n\n \n \n\n   [Statements of Changes in Stockholders’ Equity – Three months ended March 31, 2026 and 2025](#stock)\n\n[5](#stock)\n\n \n \n\n   [Statements of Cash Flows – Three months ended March 31, 2026 and 2025](#cf)\n\n[6](#cf)\n\n \n \n\n   [Notes to Condensed Financial Statements](#Notes1)\n\n[7](#Notes1)-[15](#notesend)\n\n \n \n\n[Item 2 - Management's Discussion and Analysis of Financial Condition and Results of Operations](#itm2)\n\n[16](#itm2)-[19](#itm2end)\n\n \n \n\n[Item 3 - Quantitative and Qualitative Disclosures About Market Risk](#itm3)\n\n[19](#itm3)\n\n \n \n\n[Item 4 - Controls and Procedures](#itm4)\n\n[19](#itm4)\n\n \n \n\n**Part II. OTHER INFORMATION**\n\n \n\n \n \n\n[Item 1 - Legal Proceedings](#a2itm1)\n\n[20](#a2itm1)\n\n \n \n\n[Item 1A - Risk Factors](#a2itm1a)\n\n[20](#a2itm1a)\n\n \n \n\n[Item 2 - Unregistered Sales of Equity Securities and Use of Proceeds](#a2itm2)\n\n[20](#a2itm2)\n\n \n \n\n[Item 3 - Defaults Upon Senior Securities](#a2itm3)\n\n[20](#a2itm3)\n\n \n \n\n[Item 4 - Mine Safety Disclosures](#a2itm4)\n\n[20](#a2itm4)\n\n \n \n\n[Item 5 - Other Information](#a2itm5)\n\n[20](#a2itm5)\n\n \n \n\n[Item 6 - Exhibits](#a2itm6)\n\n[20](#a2itm6)\n\n \n \n\n[**Signatures**](#sig)\n\n[21](#sig)\n\n \n\n \n\n \n\n \n\nPage 1 of 21\n\n \n\n  \n\n \n\n**Part I. FINANCIAL INFORMATION**"}