Reflect Scientific Inc (RSCF) financial statements (2020 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments555220236264292271251
Cash and cash equivalents555220236264292271251
Inventory, net of allowances, customer advances and progress billings  155227206216313
Inventory  155227206216313
Other undisclosed current assets  12677139259156
Total current assets:555220517567638746720
Noncurrent Assets
Property, plant and equipment     2921
Intangible assets, net (including goodwill) 1,81860606594133
Goodwill  6060606060
Intangible assets, net (excluding goodwill) 1,818  53473
Other undisclosed noncurrent assets  333(289)3
Total noncurrent assets: 1,81863636897138
TOTAL ASSETS:5552,038580631706843858
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities    91422
Accounts payable    9  
Accrued liabilities     1422
Debt    9670681
Customer advances and deposits71 58 
Other undisclosed current liabilities  545975725654
Total current liabilities:  124591521,4101,357
Noncurrent Liabilities
Total liabilities:  124591521,4101,357
Stockholders' equity
Stockholders' equity attributable to parent(20,496)(20,301)455571555(567)(499)
Common stock  713654610567537
Additional paid in capital  19,79319,56619,37819,13518,391
Accumulated deficit(20,496)(20,301)(20,051)(19,649)(19,433)(20,269)(19,428)
Other undisclosed stockholders' equity21,04920,818     
Total stockholders' equity:553518455571555(567)(499)
TOTAL LIABILITIES AND EQUITY:553518580631706843858

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1,6091,5521,0661,1891,0371,5281,287
Cost of revenue
(Cost of Goods and Services Sold)
(618)(487)(434)(413)(407)(678)(618)
Other undisclosed gross profit  2837   
Gross profit:9921,065660813630850669
Operating expenses(1,186)(1,314)(1,062)(1,064)(1,090)(1,568)(1,568)
Other operating expense, net(1)(1)   (122)(115)
Other expenses     (122)(115)
Other undisclosed operating income11   122115
Operating loss:(195)(249)(402)(252)(460)(719)(899)
Nonoperating income
(Other Nonoperating income)
   351,296  
Interest and debt expense11 0(1,296)123(118)
Loss from continuing operations before equity method investments, income taxes:(194)(248)(402)(216)(460)(595)(1,017)
Other undisclosed loss from continuing operations before income taxes(2)(1) (0)   
Loss from continuing operations before income taxes:(196)(250)(402)(216)(460)(595)(1,017)
Income tax expense (benefit)  13727(288)  
Net loss:(196)(250)(265)(189)(748)(595)(1,017)
Other undisclosed net income (loss) attributable to parent  (137)(27)1,584(245)4
Net income (loss) available to common stockholders, diluted:(196)(250)(402)(216)836(841)(1,013)

Comprehensive Income ($ in thousands)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net loss:(196)(250)(265)(189)(748)(595)(1,017)
Comprehensive loss, net of tax, attributable to parent:(196)(250)(265)(189)(748)(595)(1,017)

Statements sources

The financial statements are based on the company's filings with the 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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