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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(Amendment No. 1)
Scientific Industries, Inc.
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(Name of issuer)
COMMON STOCK, $0.05 PAR Value
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(Title of class of securities)
808757108
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(CUSIP number)
December 31, 2007
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(Date of event which requires filing of this statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
|X| Rule 13d-1(b)
|X| Rule 13d-1(c)
|_| Rule 13d-1(d)
(Continued on the following pages)
--------------------------------
(1)The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
------------------------------ SCHEDULE 13G ------------------------------
CUSIP No. 808757108 Page 2 of 10 Pages
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Concentric Investment Management LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
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NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY None
OWNED BY EACH --------------------------------------------------------
REPORTING 6 SHARED VOTING POWER
PERSON
WITH 61,857 common stock
--------------------------------------------------------
7 SOLE DISPOSITIVE POWER
None
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
61,857 common stock
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
61,857 common stock
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.3% common stock
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12 TYPE OF REPORTING PERSON *
CO, IA
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
------------------------------ SCHEDULE 13G ------------------------------
CUSIP No. 808757108 Page 3 of 10 Pages
------------------------------ ------------------------------
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Chris Argyrople
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Massachusetts
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NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY None
OWNED BY EACH --------------------------------------------------------
REPORTING 6 SHARED VOTING POWER
PERSON
WITH 61,857 common stock
--------------------------------------------------------
7 SOLE DISPOSITIVE POWER
None
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
61,857 common stock
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
61,857 common stock
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.3% common stock
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12 TYPE OF REPORTING PERSON *
IN
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
------------------------------ SCHEDULE 13G ------------------------------
CUSIP No. 808757108 Page 4 of 10 Pages
------------------------------ ------------------------------
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Edmund Kellogg
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Massachusetts
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NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY None
OWNED BY EACH --------------------------------------------------------
REPORTING 6 SHARED VOTING POWER
PERSON
WITH 61,857 common stock
--------------------------------------------------------
7 SOLE DISPOSITIVE POWER
None
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
61,857 common stock
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
61,857 common stock
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.3% common stock
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12 TYPE OF REPORTING PERSON *
IN
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
STATEMENT ON SCHEDULE 13G
ITEM 1(a). NAME OF ISSUER:
Scientific Industries, Inc.
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
70 Orville Drive
Bohemia, NY 11716
ITEM 2(a). NAMES OF PERSON FILING:
Concentric Investment Management LLC, a Delaware Limited Liability
Company
Chris Argyrople, United States Citizen
Edmund Kellogg, United States Citizen
ITEM 2(b). BUSINESS MAILING ADDRESS FOR EACH PERSON FILING:
Each of the reporting persons & entities has a business address of:
One International Place, Suite 2401
Boston, MA 02110
ITEM 2(c). CITIZENSHIP:
Shown in item 2(a) above
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock, $0.01 Par Value
ITEM 2(E). CUSIP NUMBER:
808757108
ITEM3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR 13D-2(B), CHECK
WHETHER THE PERSON FILING IS A:
Not Applicable
If this statement is filed pursuant to Rule 240,13d-1(c), check this box [x].
Page 5 of 10
ITEM 4. OWNERSHIP:
CONCENTRIC INVESTMENT MANAGEMENT LLC *
(a) Amount Beneficially Owned: 61,857 common stock
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(b) Percent of Class: 5.3% common stock
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(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: None
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(ii) shared power to vote or to direct the vote: 61,857 common stock
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(iii)sole power to dispose or to direct the disposition of: None
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(iv)shared power to dispose or to direct the disposition of: 61,857
common stock
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cHRIS ARGYROPLE *
(a) Amount Beneficially Owned: 61,857 common stock
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(b) Percent of Class: 5.3% common stock
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(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: None
-----------------------
(ii) shared power to vote or to direct the vote: 61,857 common stock
---------------------
(iii)sole power to dispose or to direct the disposition of: None
------------
(iv)shared power to dispose or to direct the disposition of: 61,857
common stock
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Page 6 of 10
EDMUND KELLOGG *
(a) Amount Beneficially Owned: 61,857 common stock
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(b) Percent of Class: 5.3% common stock
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(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: None
-----------------------
(ii) shared power to vote or to direct the vote: 61,857 common stock
---------------------
(iii)sole power to dispose or to direct the disposition of: None
------------
(iv)shared power to dispose or to direct the disposition of: 61,857
common stock
---------
* Shares reported for Concentric Investment Management LLC and Chris Argyrople
and Edmund Kellogg include shares beneficially owned by Deep Woods Partners L.P.
and Deep Woods Partners QP, L.P..
Item 5. Ownership of Five Percent or Less of a Class:
Not Applicable
Page 7 of 10
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
Not Applicable
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:
Not Applicable
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
Not Applicable
ITEM 9. NOTICE OF DISSOLUTION OF GROUP:
Not Applicable
Page 8 of 10
ITEM 10. CERTIFICATION:
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not held for
the purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: February 14, 2008
CONCENTRIC INVESTMENT MANAGEMENT LLC
By: /s/ Chris Argyrople
---------------------------------
Chris Argyrople, Managing Member
CHRIS ARGYROPLE
By: Chris Argyrople
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EDMUND KELLOGG
By: Edmund Kellogg
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Page 9 of 10
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k) under the Securities Exchange Act of
1934, as amended, the undersigned agree to the joint filing on behalf of each of
them of a statement on Schedule 13G (including amendments thereto) with respect
to the Common Stock of Scientific Indsutries, Inc. and further agree that this
agreement be included as an exhibit to such filing. Each party to the agreement
expressly authorizes each other party to file on its behalf any and all amend-
ments to such statement. Each party to this agreement agrees that this joint
filing agreement may be signed in counterparts.
In evidence whereof, the undersigned have caused this Agreement to be
executed on their behalf this 14th day of February 2008.
CONCENTRIC INVESTMENT MANAGEMENT LLC
By: /s/ Chris Argyrople
---------------------------------
Chris Argyrople, Managing Member
CHRIS ARGYROPLE
By: Chris Argyrople
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EDMUND KELLOGG
By: Edmund Kellogg
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Page 10 of 10