Research Solutions Inc (RSSS) financial statements (2021 and earlier)

Company profile

Business Address 10624 S. EASTERN AVE
HENDERSON, NV 89052
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)

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments10,1649,3125,3534,9085,7746,0771,354
Cash and cash equivalents10,1649,3125,3534,9085,7746,0771,354
Receivables4,2284,4494,4934,2515,4655,7624,890
Prepaid expense674720 93566174373
Other undisclosed current assets29724232432719716570
Total current assets:15,36214,72310,1709,58012,00212,1776,687
Noncurrent Assets
Property, plant and equipment12113759868283
Intangible assets, net (including goodwill)    42105 
Intangible assets, net (excluding goodwill)    42105 
Deposits noncurrent assets6614141489
Other noncurrent assets1072192307418  
Total noncurrent assets:289024338156019593
TOTAL ASSETS:15,39114,81310,4139,96012,56212,3726,780
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:5,7996,3504,8634,6876,4435,6915,611
Other undisclosed accounts payable and accrued liabilities5,7996,3504,8634,6876,4435,6915,611
Other undisclosed current liabilities4,3973,6042,4391,7861,44664075
Total current liabilities:10,1969,9547,3026,4727,8896,3315,687
Noncurrent Liabilities
Other undisclosed noncurrent liabilities  79209328  
Total noncurrent liabilities:  79209328  
Total liabilities:10,1969,9547,3826,6818,2186,3315,687
Stockholders' equity
Stockholders' equity attributable to parent5,1954,8593,0323,2794,3456,0411,093
Common stock26262424242418
Additional paid in capital26,70926,13523,63122,90522,26721,64316,188
Accumulated other comprehensive loss(118)(125)(110)(95)(71)(43)(29)
Accumulated deficit(21,423)(21,177)(20,515)(19,555)(17,876)(15,582)(15,084)
Total stockholders' equity:5,1954,8593,0323,2794,3456,0411,093
TOTAL LIABILITIES AND EQUITY:15,39114,81310,4139,96012,56212,3726,780

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

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Revenues31,13131,05928,79428,01825,74734,36431,900
Revenue, net 25,74734,36431,900
Cost of revenue
(Cost of Goods and Services Sold)
(21,243)(21,421)(20,450)(20,669)(19,643)(27,863)(25,724)
Gross profit:9,8899,6388,3437,3496,1046,5016,176
Operating expenses(10,149)(10,490)(9,598)(9,299)(9,189)(6,921)(6,671)
Operating loss:(260)(852)(1,255)(1,950)(3,085)(421)(494)
Nonoperating income (expense)29801075412(49)(17)
Investment income, nonoperating      1,712
Foreign currency transaction gain, before tax      98
Other nonoperating income (expense)29801075824(32)1
Interest and debt expense    (12)(17)(18)
Loss from continuing operations before equity method investments, income taxes:(232)(772)(1,148)(1,896)(3,085)(487)(529)
Other undisclosed income from continuing operations before income taxes    121718
Loss from continuing operations before income taxes:(232)(772)(1,148)(1,896)(3,073)(470)(511)
Income tax expense(3)(8)(27)(40)(35)(28)(31)
Loss from continuing operations:(235)(780)(1,175)(1,936)(3,108)(498)(542)
Income (loss) from discontinued operations    573 (395)
Loss before gain (loss) on sale of properties:(235)(780)(1,175)(1,936)(2,535)(498)(938)
Other undisclosed net income    241 1,712
Net income (loss):(235)(780)(1,175)(1,936)(2,294)(498)774
Other undisclosed net income attributable to parent 117215257   
Net income (loss) available to common stockholders, diluted:(235)(662)(960)(1,679)(2,294)(498)774

Comprehensive Income ($ in thousands)

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Net income (loss):(235)(780)(1,175)(1,936)(2,294)(498)774
Comprehensive income (loss):(235)(780)(1,175)(1,936)(2,294)(498)774
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(7)102200233(28)(14)(11)
Comprehensive income (loss), net of tax, attributable to parent:(241)(678)(975)(1,703)(2,321)(512)763

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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