Research Solutions, Inc (RSSS) Financial Statements (2023 and Earlier)

Company Profile

Business Address 10624 S. EASTERN AVE
HENDERSON, NV 89052
State of Incorp. NV
Fiscal Year End June 30
Industry (SIC) 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments10,68011,0049,3125,3534,9085,7746,077
Cash and cash equivalents10,68011,0049,3125,3534,9085,7746,077
Receivables4,6184,7174,4494,4934,2515,4655,762
Prepaid expense655905720 93566174
Other undisclosed current assets326270242324327197165
Total current assets:16,27916,89714,72310,1709,58012,00212,177
Noncurrent Assets
Property, plant and equipment41211137598682
Intangible assets, net (including goodwill)     42105
Intangible assets, net (excluding goodwill)     42105
Deposits noncurrent assets1161414148
Other noncurrent assets  72192307418 
Total noncurrent assets:422290243381560195
TOTAL ASSETS:16,32116,91914,81310,4139,96012,56212,372
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:6,5156,6876,3504,8634,6876,4435,691
Other undisclosed accounts payable and accrued liabilities6,5156,6876,3504,8634,6876,4435,691
Other undisclosed current liabilities4,7414,8043,6042,4391,7861,446640
Total current liabilities:11,25611,4929,9547,3026,4727,8896,331
Noncurrent Liabilities
Other undisclosed noncurrent liabilities   79209328 
Total noncurrent liabilities:   79209328 
Total liabilities:11,25611,4929,9547,3826,6818,2186,331
Stockholders' equity
Stockholders' equity attributable to parent5,0655,4274,8593,0323,2794,3456,041
Common stock27262624242424
Additional paid in capital27,47626,98226,13523,63122,90522,26721,643
Accumulated other comprehensive loss(122)(120)(125)(110)(95)(71)(43)
Accumulated deficit(22,315)(21,462)(21,177)(20,515)(19,555)(17,876)(15,582)
Total stockholders' equity:5,0655,4274,8593,0323,2794,3456,041
TOTAL LIABILITIES AND EQUITY:16,32116,91914,81310,4139,96012,56212,372

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

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Revenues32,17331,75631,05928,79428,01825,74734,364
Revenue, net 25,74734,364
Cost of revenue
(Cost of Goods and Services Sold)
(21,230)(21,470)(21,421)(20,450)(20,669)(19,643)(27,863)
Gross profit:10,94310,2869,6388,3437,3496,1046,501
Operating expenses(11,830)(10,569)(10,490)(9,598)(9,299)(9,189)(6,921)
Operating loss:(887)(283)(852)(1,255)(1,950)(3,085)(421)
Nonoperating income (expense)11801075412(49)
Other nonoperating income (expense)11801075824(32)
Interest and debt expense     (12)(17)
Loss from continuing operations before equity method investments, income taxes:(886)(282)(772)(1,148)(1,896)(3,085)(487)
Other undisclosed income from continuing operations before income taxes     1217
Loss from continuing operations before income taxes:(886)(282)(772)(1,148)(1,896)(3,073)(470)
Income tax expense(6)(3)(8)(27)(40)(35)(28)
Loss from continuing operations:(893)(285)(780)(1,175)(1,936)(3,108)(498)
Income from discontinued operations     573 
Loss before gain (loss) on sale of properties:(893)(285)(780)(1,175)(1,936)(2,535)(498)
Other undisclosed net income     241 
Net loss:(893)(285)(780)(1,175)(1,936)(2,294)(498)
Other undisclosed net income attributable to parent  117215257  
Net loss available to common stockholders, diluted:(893)(285)(662)(960)(1,679)(2,294)(498)

Comprehensive Income ($ in thousands)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Net loss:(893)(285)(780)(1,175)(1,936)(2,294)(498)
Comprehensive loss:(893)(285)(780)(1,175)(1,936)(2,294)(498)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(4)5102200233(28)(14)
Comprehensive loss, net of tax, attributable to parent:(897)(280)(678)(975)(1,703)(2,321)(512)

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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