REFLECT SCIENTIFIC, INC.: 10-Q filed 2014-08-14
What REFLECT SCIENTIFIC, INC. reported in its quarterly report filed 2014-08-14 (fiscal Q2 2014): 29 published measures, 78 facts as tagged in accession 0001548123-14-000322.
This filing
- Form
- 10-Q (quarterly report)
- Filed
- 2014-08-14
- Fiscal period
- fiscal Q2 2014
- Accession
- 0001548123-14-000322 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 2014-06-30 | 934,608 | USD | |
| At 2013-12-31 | 857,748 | USD |
Total liabilities
Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2014-06-30 | 1,427,235 | USD | |
| At 2013-12-31 | 1,357,107 | USD |
Stockholders equity
The reported residual interest after liabilities. It is an accounting amount, not market capitalization.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2014-06-30 | -492,627 | USD | |
| At 2013-12-31 | -499,359 | 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 | Days |
|---|---|---|---|
| At 2014-06-30 | 367,094 | USD | |
| At 2013-12-31 | 251,463 | USD | |
| At 2013-06-30 | 215,126 | USD | |
| At 2012-12-31 | 260,575 | 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 |
|---|---|---|---|
| 2014-04-01 to 2014-06-30 | -19,362 | USD | 91 |
| 2014-01-01 to 2014-06-30 | 6,732 | USD | 181 |
| 2013-04-01 to 2013-06-30 | -87,675 | USD | 91 |
| 2013-01-01 to 2013-06-30 | -198,827 | USD | 181 |
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 |
|---|---|---|---|
| 2014-01-01 to 2014-06-30 | 120,607 | USD | 181 |
| 2013-01-01 to 2013-06-30 | -44,236 | USD | 181 |
Revenue
Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2014-04-01 to 2014-06-30 | 378,913 | USD | 91 |
| 2014-01-01 to 2014-06-30 | 781,355 | USD | 181 |
| 2013-04-01 to 2013-06-30 | 296,271 | USD | 91 |
| 2013-01-01 to 2013-06-30 | 564,965 | USD | 181 |
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 |
|---|---|---|---|
| 2014-01-01 to 2014-06-30 | -4,976 | USD | 181 |
| 2013-01-01 to 2013-06-30 | -1,213 | USD | 181 |
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 2014-06-30 | -19,421,196 | USD | |
| At 2013-12-31 | -19,427,928 | USD |
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 | Value | Unit | Days |
|---|---|---|---|
| 2014-04-01 to 2014-06-30 | 0 | USD | 91 |
| 2014-01-01 to 2014-06-30 | 0 | USD | 181 |
| 2013-04-01 to 2013-06-30 | 0 | USD | 91 |
| 2013-01-01 to 2013-06-30 | 0 | USD | 181 |
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 2014-06-30 | 558 | USD | |
| At 2013-12-31 | 1,226 | USD |
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 |
|---|---|---|---|
| 2014-04-01 to 2014-06-30 | 10,875 | USD | 91 |
| 2014-01-01 to 2014-06-30 | 68,052 | USD | 181 |
| 2013-04-01 to 2013-06-30 | -58,666 | USD | 91 |
| 2013-01-01 to 2013-06-30 | -145,346 | USD | 181 |
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 2014-06-30 | 817,337 | USD | |
| At 2013-12-31 | 720,238 | 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 |
|---|---|---|---|
| 2014-04-01 to 2014-06-30 | -1,799 | USD | 91 |
| 2014-01-01 to 2014-06-30 | -3,632 | USD | 181 |
| 2013-04-01 to 2013-06-30 | -1,929 | USD | 91 |
| 2013-01-01 to 2013-06-30 | -3,901 | USD | 181 |
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 2014-06-30 | 1,427,235 | USD | |
| At 2013-12-31 | 1,357,107 | 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 2014-06-30 | 60,000 | USD | |
| At 2013-12-31 | 60,000 | 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 |
|---|---|---|---|
| 2014-04-01 to 2014-06-30 | 200,572 | USD | 91 |
| 2014-01-01 to 2014-06-30 | 382,054 | USD | 181 |
| 2013-04-01 to 2013-06-30 | 229,636 | USD | 91 |
| 2013-01-01 to 2013-06-30 | 443,319 | USD | 181 |
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 2014-06-30 | 301,240 | USD | |
| At 2013-12-31 | 313,092 | 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 |
|---|---|---|---|
| 2014-04-01 to 2014-06-30 | 211,447 | USD | 91 |
| 2014-01-01 to 2014-06-30 | 450,106 | USD | 181 |
| 2013-04-01 to 2013-06-30 | 170,970 | USD | 91 |
| 2013-01-01 to 2013-06-30 | 297,973 | USD | 181 |
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 |
|---|---|---|---|
| 2014-04-01 to 2014-06-30 | 5,654 | USD | 91 |
| 2014-01-01 to 2014-06-30 | 11,417 | USD | 181 |
| 2013-04-01 to 2013-06-30 | 7,671 | USD | 91 |
| 2013-01-01 to 2013-06-30 | 17,167 | USD | 181 |
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 2014-06-30 | 53,726,967 | shares | |
| At 2013-12-31 | 53,726,967 | 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 2014-06-30 | 18,391,300 | USD | |
| At 2013-12-31 | 18,391,300 | 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 2014-06-30 | 53,613 | USD | |
| At 2013-12-31 | 73,184 | 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 2014-06-30 | 11,723 | USD | |
| At 2013-12-31 | 22,116 | 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 2014-06-30 | 3,100 | USD | |
| At 2013-12-31 | 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 |
|---|---|---|---|
| 2014-04-01 to 2014-06-30 | 84,177 | USD | 91 |
| 2014-01-01 to 2014-06-30 | 152,350 | USD | 181 |
| 2013-04-01 to 2013-06-30 | 116,026 | USD | 91 |
| 2013-01-01 to 2013-06-30 | 218,051 | USD | 181 |
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 |
|---|---|---|---|
| 2014-01-01 to 2014-06-30 | 668 | USD | 181 |
| 2013-01-01 to 2013-06-30 | 4,488 | USD | 181 |
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 |
|---|---|---|---|
| 2014-01-01 to 2014-06-30 | 6,680 | USD | 181 |
| 2013-01-01 to 2013-06-30 | 15,295 | USD | 181 |
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 |
|---|---|---|---|
| 2014-01-01 to 2014-06-30 | 11,852 | USD | 181 |
| 2013-01-01 to 2013-06-30 | 39,620 | USD | 181 |
Inspect the source
- Entity
- REFLECT SCIENTIFIC, INC. / CIK 0001103090
- Captured
- SEC response SHA-256
813550c8006e4fa44b9a7a7762a98655bae3a221b94d07ff4c5994f0aef8e605
Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON
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import json
from urllib.request import urlopen
with urlopen("https://canlicapital.com/company-data/0001103090.json") as response:
record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
print(concept["tag"], next(iter(concept["observations"])))