REFLECT SCIENTIFIC, INC.: 10-Q filed 2012-11-14

Name: REFLECT SCIENTIFIC, INC.: 10-Q filed 2012-11-14
Creator: REFLECT SCIENTIFIC, INC.

What REFLECT SCIENTIFIC, INC. reported in its quarterly report filed 2012-11-14 (fiscal Q3 2012): 34 published measures, 94 facts as tagged in accession 0001548123-12-000379.

This filing

Form: 10-Q (quarterly report)
Filed: 2012-11-14
Fiscal period: fiscal Q3 2012
Accession: 0001548123-12-000379 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All REFLECT SCIENTIFIC, INC. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

Period	Value	Unit	Days
At 2012-09-30	3,777,940	USD
At 2011-12-31	4,124,521	USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

Period	Value	Unit	Days
At 2012-09-30	1,241,279	USD
At 2011-12-31	4,482,204	USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

Period	Value	Unit	Days
At 2012-09-30	2,536,661	USD
At 2011-12-31	-357,683	USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

Period	Value	Unit
At 2012-09-30	228,758	USD
At 2011-12-31	346,697	USD
At 2011-09-30	325,123	USD
At 2010-12-31	242,136	USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

Period	Value	Unit	Days
2012-07-01 to 2012-09-30	3,285,746	USD	92
2012-01-01 to 2012-09-30	2,813,447	USD	274
2011-07-01 to 2011-09-30	-186,160	USD	92
2011-01-01 to 2011-09-30	-768,948	USD	273

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

Period	Value	Unit	Days
2012-01-01 to 2012-09-30	-125,025	USD	274
2011-01-01 to 2011-09-30	102,779	USD	273

Revenue

Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.

Period	Value	Unit	Days
2012-07-01 to 2012-09-30	305,713	USD	92
2012-01-01 to 2012-09-30	988,427	USD	274
2011-07-01 to 2011-09-30	481,325	USD	92
2011-01-01 to 2011-09-30	1,562,737	USD	273

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

Period	Value	Unit	Days
2012-01-01 to 2012-09-30	7,086	USD	274
2011-01-01 to 2011-09-30	-19,792	USD	273

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

Period	Value	Unit	Days
2012-01-01 to 2012-09-30	0	USD	274
2011-01-01 to 2011-09-30	0	USD	273

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

Period	Value	Unit	Days
At 2012-09-30	-15,802,200	USD
At 2011-12-31	-18,615,647	USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

Period	Value	Unit	Days
2012-07-01 to 2012-09-30	45,702,575	shares	92
2012-01-01 to 2012-09-30	45,098,787	shares	274
2011-07-01 to 2011-09-30	44,711,890	shares	92
2011-01-01 to 2011-09-30	40,862,732	shares	273

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

Period	Value	Unit	Days
2012-07-01 to 2012-09-30	45,702,575	shares	92
2012-01-01 to 2012-09-30	45,098,787	shares	274
2011-07-01 to 2011-09-30	44,711,890	shares	92
2011-01-01 to 2011-09-30	40,862,732	shares	273

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

Period	Value	Unit	Days
2012-07-01 to 2012-09-30	0.07	USD/shares	92
2012-01-01 to 2012-09-30	0.06	USD/shares	274
2011-07-01 to 2011-09-30	-0.01	USD/shares	92
2011-01-01 to 2011-09-30	-0.02	USD/shares	273

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

Period	Unit	Days
2012-07-01 to 2012-09-30	USD	92
2012-01-01 to 2012-09-30	USD	274
2011-07-01 to 2011-09-30	USD	92
2011-01-01 to 2011-09-30	USD	273

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

Period	Value	Unit	Days
At 2012-09-30	12,044	USD
At 2011-12-31	19,242	USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

Period	Value	Unit	Days
2012-01-01 to 2012-09-30	0	USD	274
2011-01-01 to 2011-09-30	153,426	USD	273

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

Period	Value	Unit	Days
2012-07-01 to 2012-09-30	-118,777	USD	92
2012-01-01 to 2012-09-30	-324,455	USD	274
2011-07-01 to 2011-09-30	-52,589	USD	92
2011-01-01 to 2011-09-30	-368,085	USD	273

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

Period	Value	Unit	Days
At 2012-09-30	755,252	USD
At 2011-12-31	886,079	USD

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

Period	Value	Unit	Days
2012-07-01 to 2012-09-30	1,852	USD	92
2012-01-01 to 2012-09-30	3,223	USD	274
2011-07-01 to 2011-09-30	1,946	USD	92
2011-01-01 to 2011-09-30	5,989	USD	273

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

Period	Value	Unit	Days
At 2012-09-30	1,241,279	USD
At 2011-12-31	4,482,204	USD

Goodwill carrying amount

Recognized goodwill remaining after accumulated impairment. It arises from business combinations and does not measure the current value of the company’s brand.

Period	Value	Unit	Days
At 2012-09-30	652,149	USD
At 2011-12-31	652,149	USD

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

Period	Value	Unit	Days
2012-07-01 to 2012-09-30	278,668	USD	92
2012-01-01 to 2012-09-30	831,071	USD	274
2011-07-01 to 2011-09-30	309,607	USD	92
2011-01-01 to 2011-09-30	1,150,703	USD	273

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

Period	Value	Unit	Days
At 2012-09-30	378,895	USD
At 2011-12-31	393,004	USD

Gross profit

Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.

Period	Value	Unit	Days
2012-07-01 to 2012-09-30	159,891	USD	92
2012-01-01 to 2012-09-30	506,616	USD	274
2011-07-01 to 2011-09-30	257,018	USD	92
2011-01-01 to 2011-09-30	782,618	USD	273

Research and development expense

Research and development costs recognized as expense. Capitalization policies and acquired projects can make this differ from total cash invested in development.

Period	Value	Unit	Days
2012-07-01 to 2012-09-30	19,466	USD	92
2012-01-01 to 2012-09-30	29,297	USD	274
2011-07-01 to 2011-09-30	14,281	USD	92
2011-01-01 to 2011-09-30	21,537	USD	273

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

Period	Value	Unit	Days
At 2012-09-30	45,813,634	shares
At 2011-12-31	44,791,890	shares

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

Period	Value	Unit	Days
At 2012-09-30	17,880,724	USD
At 2011-12-31	17,810,045	USD

Net intangible assets excluding goodwill

Intangible assets other than goodwill after amortization and impairment. Internally developed intangibles are usually not recognized, so this understates what a company relies on.

Period	Value	Unit	Days
At 2012-09-30	2,355,395	USD
At 2011-12-31	2,563,951	USD

Accrued current liabilities

Current obligations accrued for goods and services received but not yet invoiced or paid. This is one component of current liabilities, not all short-term obligations.

Period	Value	Unit	Days
At 2012-09-30	0	USD
At 2011-12-31	12,363	USD

Prepaid expenses and other current assets

Prepayments and other current assets grouped under this concept. The balance is not cash and its composition differs by filer.

Period	Value	Unit	Days
At 2012-09-30	3,100	USD
At 2011-12-31	3,100	USD

General and administrative expense

General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.

Period	Value	Unit	Days
2012-07-01 to 2012-09-30	154,820	USD	92
2012-01-01 to 2012-09-30	468,986	USD	274
2011-07-01 to 2011-09-30	183,712	USD	92
2011-01-01 to 2011-09-30	645,125	USD	273

Depreciation expense

Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.

Period	Value	Unit	Days
2012-01-01 to 2012-09-30	7,198	USD	274
2011-01-01 to 2011-09-30	25,105	USD	273

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

Period	Value	Unit	Days
2012-01-01 to 2012-09-30	-1,221	USD	274
2011-01-01 to 2011-09-30	81,047	USD	273

Change in inventories

The cash flow adjustment for the change in inventories during the period. A positive value under this concept means inventory grew and reduced operating cash flow.

Period	Value	Unit	Days
2012-01-01 to 2012-09-30	14,109	USD	274
2011-01-01 to 2011-09-30	-69,102	USD	273

Inspect the source

Entity: REFLECT SCIENTIFIC, INC. / CIK 0001103090
Captured: 2026-09-20T05:23:12.214Z
SEC response SHA-256: 813550c8006e4fa44b9a7a7762a98655bae3a221b94d07ff4c5994f0aef8e605

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