Research Frontiers Incorporated (REFR) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
240 CROSSWAYS PARK DR WOODBURY, NY 11797-2033 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6794 - Patent Owners and Lessors (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments, including: | 4,231 | 3,025 | 4,773 | 6,592 | 2,969 | 1,700 | |||
| Cash and cash equivalents | 4,231 | 270 | 4,773 | 6,592 | 2,969 | 1,738 | |||
| Short-term investments | 2,755 | ||||||||
| Other undisclosed cash, cash equivalents, and short-term investments | (38) | ||||||||
| Receivables | (1,158) | (1,017) | (972) | (1,135) | 690 | 597 | |||
| Other undisclosed current assets | 1,849 | 1,941 | 1,627 | 1,850 | 53 | 68 | |||
| Total current assets: | 4,921 | 3,950 | 5,428 | 7,307 | 3,712 | 2,365 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 324 | 470 | 616 | 774 | ✕ | ✕ | |||
| Property, plant and equipment | 65 | 93 | 122 | 142 | 313 | 483 | |||
| Other noncurrent assets | 56 | 34 | 34 | 34 | 34 | 34 | |||
| Total noncurrent assets: | 445 | 596 | 772 | 949 | 347 | 516 | |||
| TOTAL ASSETS: | 5,366 | 4,546 | 6,199 | 8,256 | 4,059 | 2,881 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 105 | 116 | 60 | 216 | 407 | 313 | |||
| Accounts payable | 71 | 66 | 33 | 170 | 133 | 58 | |||
| Accrued liabilities | 34 | 49 | 26 | 47 | 274 | 255 | |||
| Deferred revenue | 8 | ✕ | ✕ | ||||||
| Debt | 163 | ||||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 1 | ||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | 51 | ✕ | ||
| Other undisclosed current liabilities | 196 | 182 | 166 | ||||||
| Total current liabilities: | 302 | 298 | 226 | 387 | 458 | 314 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation: | 464 | 646 | 813 | ||||||
| Liabilities, other than long-term debt | 268 | ||||||||
| Operating lease, liability | 268 | 464 | 646 | 813 | ✕ | ✕ | |||
| Other undisclosed noncurrent liabilities | (464) | (646) | |||||||
| Total noncurrent liabilities: | 268 | 464 | 646 | 813 | |||||
| Total liabilities: | 570 | 762 | 872 | 1,200 | 458 | 314 | |||
| Equity | |||||||||
| Equity, attributable to parent | 4,797 | 3,784 | 5,327 | 7,056 | 3,099 | 2,567 | |||
| Common stock | 3 | 3 | 3 | 3 | 3 | 2 | |||
| Additional paid in capital | 127,150 | 123,468 | 123,165 | 122,553 | 114,788 | 111,628 | |||
| Accumulated deficit | (122,356) | (119,687) | (117,841) | (115,500) | (111,691) | (109,063) | |||
| Total equity: | 4,797 | 3,784 | 5,327 | 7,056 | 3,099 | 2,567 | |||
| Other undisclosed liabilities and equity | 501 | ||||||||
| TOTAL LIABILITIES AND EQUITY: | 5,366 | 4,546 | 6,199 | 8,256 | 4,059 | 2,881 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 540 | 1,263 | 828 | 1,564 | 1,489 | 1,509 | ||
| Other income | 202 | |||||||
| Gross profit: | 540 | 1,263 | 828 | 1,564 | 1,489 | 1,509 | ||
| Operating expenses | (3,165) | (3,102) | (3,406) | (4,764) | (3,907) | (3,928) | ||
| Operating loss: | (2,625) | (1,839) | (2,577) | (3,200) | (2,418) | (2,419) | ||
| Nonoperating income (Investment Income, Nonoperating) | 34 | 43 | 10 | 5 | ||||
| Loss from continuing operations: | (2,625) | (1,839) | (2,543) | (3,157) | (2,408) | (2,414) | ||
| Loss before gain (loss) on sale of properties: | ✕ | (1,839) | (2,543) | (3,157) | (2,408) | (2,414) | ||
| Net loss: | (2,625) | (1,839) | (2,543) | (3,157) | (2,408) | (2,414) | ||
| Other undisclosed net income (loss) attributable to parent | (44) | (8) | 202 | (652) | (278) | |||
| Net loss available to common stockholders, diluted: | (2,669) | (1,846) | (2,341) | (3,809) | (2,686) | (2,414) | ||
Comprehensive Income ($ in thousands)
| 3/31/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (2,625) | (1,839) | (2,543) | (3,157) | (2,408) | (2,414) | ||
| Comprehensive loss, net of tax, attributable to parent: | (2,625) | (1,839) | (2,543) | (3,157) | (2,408) | (2,414) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.