Universal Safety Products Revenue, Net Income & 10-K Summary

Company snapshot

Legal name: Universal Safety Products, Inc. (also uses trade names Universal Safety Instruments, Inc. and Universal Electric, Inc.)
Incorporated: 1969, Maryland
Headquarters: 11407 Cronhill Drive, Suite A, Owings Mills, Maryland 21117
Principal executive contact: 410-363-3000
Public status: Listed on NYSE American (subject to ongoing compliance with listing requirements)
Website: www.universalsafetyprod.com
Public filings: Annual Report on Form 10-K and other filings available via SEC EDGAR

Primary products: Residential safety products, including smoke alarms and carbon monoxide (CO) alarms, as well as door chimes, ventilation products, GFCIs, and other electrical devices
Market model: Consumer-facing products designed for easy installation and sold through retail stores; a large portion of sales were to retailers
Wholesale/trade sales: Universal Safety Electric, Inc. (a wholly owned subsidiary) sold to the electrical distribution trade (electrical and lighting distributors and manufactured housing companies); these products often required professional installation
Major supplier: Eyston Company Limited (PRC) manufactured most products
- Eyston accounted for roughly 82.6% of purchases in the 2026 fiscal year and 96.3% in 2025
International/import: All products imported, primarily from the PRC; some products subject to tariffs (example: 25% on certain items)
Backlog: $2,142,000 as of March 31, 2025; $0 as of March 31, 2026
Sales force and distribution:
- Approximately 40 independent sales organizations (commission-based)
- Approximately 100 sales representatives
- Eight regional stocking warehouses nationwide
- Agreements with sales organizations generally cancelable on 30 days’ notice
- Some sales made directly by company officers and employees

Asset Purchase Agreement with Feit Electric Company, Inc. to sell the smoke and CO alarm portion of the business and related intangible assets (including name rights)
Closure date: May 22, 2025
Impact: Sale reduced the scope of the core safety alarm business and contributed to lower 2026 revenue and a net loss for the year

Purpose: Diversify the company's business through two lines of activity.

Intended to onboard issuers and tokenize assets; platform not yet operational
Planned services may include onboarding due diligence (KYC/AML) for issuers; issuer generally retains control of tokens after issuance
Platform design includes multi-party computation for security and third-party disaster recovery
Universal DeFi does not currently intend to act as broker, custodian, market maker, or asset issuer; regulatory exposure will depend on jurisdiction and asset type
Holder-level KYC/AML is not currently planned to be performed by Universal DeFi

Universal DeFi acquired and operates licensed nodes and a validator on the Ault Blockchain
Network framework: Ault Blockchain is a Layer 1 network; validators stake AULT Tokens; Licensed Mining Nodes perform off-chain work (verifiable randomness) and earn emissions
Universal DeFi began limited operations and has earned tokens, but has not recorded material revenue from token emissions
Ault DAO LLC (an affiliate of Hyperscale Data) is the legal/organizational entity behind the Ault Blockchain
Governance: Each Node License confers one governance vote; total licenses capped at 1,000,000; node licenses non-transferable for two years
Universal DeFi ownership/participation: owned approximately 425 million AULT tokens as of July 1, 2026
Revenue sharing: As of June 30, 2026, Universal DeFi entered a Revenue Sharing Agreement with Ault Capital Group (authorized agent for Ault DAO LLC)
- Universal DeFi will pay a 25% share of net proceeds to Ault Capital Group; Universal DeFi retains 75%
- Net proceeds are defined as net cash, cryptocurrency, stablecoins, and other proceeds actually received from token sales and rewards after transaction fees
- Cumulative cap on Ault Capital Group’s receipts: $93,750,000
- Node operation and validator maintenance currently handled by an affiliate; costs borne by the affiliate; a managed services agreement is under negotiation

Tokenization platform: expected revenue sources include onboarding fees, token-related fees, ongoing platform charges, and ancillary services (e.g., identity verification tools)
Node/validator operations: expected to generate emissions-based token rewards and a share of network transaction fees and staking rewards; tokens currently have no stated market value and have not generated material revenue to date
Universal DeFi operations and token activities are subject to evolving regulatory and market risk

Employees (as of March 31, 2026): 7 full-time employees in the U.S.
- 5 in sales and marketing; 2 in general administration and finance
- Demographics: approximately 43% female, 57% male
- Average tenure: 21 years (up from 19 years as of March 31, 2025)

All products are imported; import tariffs can be substantial (example: 25% on certain items)
Primary supplier: Eyston (PRC), historically the dominant supplier

Backlog decreased from $2,142,000 (2025) to $0 (2026), driven largely by the Feit asset sale

Competes in the smoke/CO alarm market with First Alert and Walter Kidde Portable Equipment, Inc.
Competes in the broader electrical devices market with other manufacturers

Tariffs and currency fluctuations affect input costs and supply-chain stability; dependence on imports from China remains high

Following the Feit asset sale, the company is focused on importing and marketing non-alarm product lines and developing its Universal DeFi initiatives. The DeFi venture has incurred losses to date and will require additional capital to reach profitability.

2026 revenue: $4,847,163 (vs. $23,563,554 in 2025)
2026 net loss: $2,485,763 (2025 net income: $500,684)
One-time gain from Feit Asset Sale: $2,820,668 (non-recurring)
Accumulated deficit: $12,543,809 as of March 31, 2026
Convertible notes: June 2026 agreement to raise up to $10 million; $1.0 million funded to date; remainder contingent
Node-related revenue sharing cap to Ault Capital Group: $93,750,000 cumulative
AULT token holdings: Universal DeFi held approximately 425 million AULT tokens as of July 1, 2026

This summary presents the provided factual information without extrapolation.