Reflect Scientific Inc (RSCF) Financial Statements (2024 and earlier)

Company Profile

Business Address 1270 S 1380 W
OREM, UT 84058
State of Incorp. UT
Fiscal Year End December 31
Industry (SIC) 3821 - Laboratory Apparatus and Furniture (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,3821,474555220236264
Cash and cash equivalents1,3821,474555220236264
Receivables129176    
Inventory, net of allowances, customer advances and progress billings797624  155227
Inventory797624  155227
Prepaid expense2031    
Other undisclosed current assets     12677
Total current assets:2,3292,305555220517567
Noncurrent Assets
Operating lease, right-of-use asset54110 
Property, plant and equipment  (158)    
Intangible assets, net (including goodwill)6060 1,8186060
Goodwill6060  6060
Intangible assets, net (excluding goodwill)    1,818  
Other undisclosed noncurrent assets3161  33
Total noncurrent assets:117174 1,8186363
TOTAL ASSETS:2,4462,4795552,038580631
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:7967    
Accounts payable 5567    
Other undisclosed accounts payable and accrued liabilities24     
Deferred revenue  119 
Customer advances and deposits71 
Other undisclosed current liabilities7156  5459
Total current liabilities:150242  12459
Noncurrent Liabilities
Long-term debt and lease obligation:  57    
Liabilities, other than long-term debt      
Operating lease, liability 57 
Other undisclosed noncurrent liabilities  (57)    
Total noncurrent liabilities: 57    
Total liabilities:150299  12459
Equity
Equity, attributable to parent2,2972,180(20,496)(20,301)455571
Common stock852850  713654
Additional paid in capital20,25220,227  19,79319,566
Accumulated deficit(18,808)(18,897)(20,496)(20,301)(20,051)(19,649)
Other undisclosed equity   21,04920,818  
Total equity:2,2972,180553518455571
TOTAL LIABILITIES AND EQUITY:2,4462,479553518580631

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues2,0412,8151,6091,5521,0661,189
Cost of revenue
(Cost of Goods and Services Sold)
(822)(884)(618)(487)(434)(413)
Other undisclosed gross profit     2837
Gross profit:1,2191,9319921,065660813
Operating expenses(1,129)(1,103)(1,186)(1,314)(1,062)(1,064)
Other operating expense, net   (1)(1)  
Other undisclosed operating income   11  
Operating income (loss):90828(195)(249)(402)(252)
Nonoperating income
(Other Nonoperating income)
     35
Interest and debt expense  11111 0
Income (loss) from continuing operations before equity method investments, income taxes:90939(194)(248)(402)(216)
Other undisclosed loss from continuing operations before income taxes   (2)(1) (0)
Income (loss) from continuing operations before income taxes:90939(196)(250)(402)(216)
Income tax expense (benefit)(1)   13727
Income (loss) from continuing operations:89939(196)(250)(265)(189)
Income (loss) before gain (loss) on sale of properties:939(196)(250)(265)(189)
Net income (loss):89939(196)(250)(265)(189)
Other undisclosed net loss attributable to parent     (137)(27)
Net income (loss) available to common stockholders, diluted:89939(196)(250)(402)(216)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):89939(196)(250)(265)(189)
Comprehensive income (loss), net of tax, attributable to parent:89939(196)(250)(265)(189)

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.

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