Research Solutions Inc (RSSS) financial statements (2020 and earlier)

Company profile

Business Address 16350 VENTURA BLVD.
ENCINO, CA 91436
State of Incorp. NV
Fiscal Year End June 30
SIC 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6,7695,3534,9085,7746,0771,3542,076
Cash and cash equivalents6,7695,3534,9085,7746,0771,3542,076
Receivables4,1514,4934,2515,4655,7624,8904,858
Inventory, net of allowances, customer advances and progress billings      192
Inventory      192
Prepaid expense301 93566174373317
Other undisclosed current assets31632432719716570553
Total current assets:11,53710,1709,58012,00212,1776,6877,997
Noncurrent Assets
Property, plant and equipment233759868283527
Intangible assets, net (including goodwill)   42105 55
Intangible assets, net (excluding goodwill)   42105 55
Deposits noncurrent assets614141489463
Other noncurrent assets133192307418   
Total noncurrent assets:162243381560195931,046
TOTAL ASSETS:11,69910,4139,96012,56212,3726,7809,043
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:5,8574,8634,6876,4435,6915,6118,710
Other undisclosed accounts payable and accrued liabilities5,8574,8634,6876,4435,6915,6118,710
Debt134     336
Deferred revenue and credits    158
Other liabilities      143
Other undisclosed current liabilities2,8732,4391,7861,44664075 
Total current liabilities:8,8647,3026,4727,8896,3315,6879,348
Noncurrent Liabilities
Long-term debt and lease obligation11     113
Capital lease obligations     113
Operating lease, liability11
Other undisclosed noncurrent liabilities 79209328   
Total noncurrent liabilities:1179209328  113
Total liabilities:8,8767,3826,6818,2186,3315,6879,462
Stockholders' equity
Stockholders' equity attributable to parent2,8233,0323,2794,3456,0411,093(419)
Common stock24242424241818
Additional paid in capital24,09823,63122,90522,26721,64316,18815,406
Accumulated other comprehensive income (loss)(112)(110)(95)(71)(43)(29)16
Accumulated deficit(21,188)(20,515)(19,555)(17,876)(15,582)(15,084)(15,859)
Total stockholders' equity:2,8233,0323,2794,3456,0411,093(419)
TOTAL LIABILITIES AND EQUITY:11,69910,4139,96012,56212,3726,7809,043

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

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Revenues29,97828,79428,01825,74734,36431,90036,551
Revenue, net 25,74734,36431,90036,551
Cost of revenue
(Cost of Goods and Services Sold)
(20,981)(20,450)(20,669)(19,643)(27,863)(25,724)(28,205)
Gross profit:8,9988,3437,3496,1046,5016,1768,346
Operating expenses(10,190)(9,598)(9,299)(9,189)(6,921)(6,671)(10,125)
Other operating expense, net
(Other Expenses)
      (71)
Other undisclosed operating income      71
Operating loss:(1,192)(1,255)(1,950)(3,085)(421)(494)(1,779)
Nonoperating income (expense)1121075412(49)(17)(16)
Investment income, nonoperating     1,712 
Foreign currency transaction gain, before tax     98 
Other nonoperating income (expense)1121075824(32)1(16)
Interest and debt expense   (12)(17)(18)(56)
Loss from continuing operations before equity method investments, income taxes:(1,080)(1,148)(1,896)(3,085)(487)(529)(1,850)
Other undisclosed income from continuing operations before income taxes   121718 
Loss from continuing operations before income taxes:(1,080)(1,148)(1,896)(3,073)(470)(511)(1,850)
Income tax expense(18)(27)(40)(35)(28)(31)(16)
Loss from continuing operations:(1,098)(1,175)(1,936)(3,108)(498)(542)(1,866)
Income (loss) from discontinued operations   573 (395) 
Loss before gain (loss) on sale of properties:(1,098)(1,175)(1,936)(2,535)(498)(938)(1,866)
Other undisclosed net income   241 1,712 
Net income (loss):(1,098)(1,175)(1,936)(2,294)(498)774(1,866)
Other undisclosed net income attributable to parent235215257    
Net income (loss) available to common stockholders, diluted:(863)(960)(1,679)(2,294)(498)774(1,866)

Comprehensive Income ($ in thousands)

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Net income (loss):(1,098)(1,175)(1,936)(2,294)(498)774(1,866)
Comprehensive income (loss):(1,098)(1,175)(1,936)(2,294)(498)774(1,866)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent224200233(28)(14)(11)(60)
Comprehensive income (loss), net of tax, attributable to parent:(874)(975)(1,703)(2,321)(512)763(1,926)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: