Reflect Scientific Inc (RSCF) Financial Statements (2023 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)

12/31/2021
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,474555220236264292271
Cash and cash equivalents1,474555220236264292271
Receivables176      
Inventory, net of allowances, customer advances and progress billings624  155227206216
Inventory624  155227206216
Prepaid expense31      
Other undisclosed current assets   12677139259
Total current assets:2,305555220517567638746
Noncurrent Assets
Operating lease, right-of-use asset110 
Property, plant and equipment(158)     292
Intangible assets, net (including goodwill)60 1,81860606594
Goodwill60  60606060
Intangible assets, net (excluding goodwill)  1,818  534
Other undisclosed noncurrent assets161  333(289)
Total noncurrent assets:174 1,81863636897
TOTAL ASSETS:2,4795552,038580631706843
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities67    914
Accounts payable67    9 
Accrued liabilities      14
Deferred revenue119 
Debt     9670
Customer advances and deposits71 58 
Other undisclosed current liabilities56  545975725
Total current liabilities:242  124591521,410
Noncurrent Liabilities
Long-term debt and lease obligation57      
Operating lease, liability57 
Other undisclosed noncurrent liabilities(57)      
Total noncurrent liabilities:57      
Total liabilities:299  124591521,410
Stockholders' equity
Stockholders' equity attributable to parent2,180(20,496)(20,301)455571555(567)
Common stock850  713654610567
Additional paid in capital20,227  19,79319,56619,37819,135
Accumulated deficit(18,897)(20,496)(20,301)(20,051)(19,649)(19,433)(20,269)
Other undisclosed stockholders' equity 21,04920,818    
Total stockholders' equity:2,180553518455571555(567)
TOTAL LIABILITIES AND EQUITY:2,479553518580631706843

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

12/31/2021
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues2,8151,6091,5521,0661,1891,0371,528
Cost of revenue
(Cost of Goods and Services Sold)
(884)(618)(487)(434)(413)(407)(678)
Other undisclosed gross profit   2837  
Gross profit:1,9319921,065660813630850
Operating expenses(1,103)(1,186)(1,314)(1,062)(1,064)(1,090)(1,568)
Other operating expense, net (1)(1)   (122)
Other expenses      (122)
Other undisclosed operating income 11   122
Operating income (loss):828(195)(249)(402)(252)(460)(719)
Nonoperating income
(Other Nonoperating income)
    351,296 
Interest and debt expense11111 0(1,296)123
Income (loss) from continuing operations before equity method investments, income taxes:939(194)(248)(402)(216)(460)(595)
Other undisclosed loss from continuing operations before income taxes (2)(1) (0)  
Income (loss) from continuing operations before income taxes:939(196)(250)(402)(216)(460)(595)
Income tax expense (benefit)   13727(288) 
Net income (loss):939(196)(250)(265)(189)(748)(595)
Other undisclosed net income (loss) attributable to parent   (137)(27)1,584(245)
Net income (loss) available to common stockholders, diluted:939(196)(250)(402)(216)836(841)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):939(196)(250)(265)(189)(748)(595)
Comprehensive income (loss), net of tax, attributable to parent:939(196)(250)(265)(189)(748)(595)

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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