REFLECT SCIENTIFIC, INC.: 10-Q filed 2018-11-14

Name: REFLECT SCIENTIFIC, INC.: 10-Q filed 2018-11-14
Creator: REFLECT SCIENTIFIC, INC.

What REFLECT SCIENTIFIC, INC. reported in its quarterly report filed 2018-11-14 (fiscal Q3 2018): 30 published measures, 86 facts as tagged in accession 0001548123-18-000303.

This filing

Form: 10-Q (quarterly report)
Filed: 2018-11-14
Fiscal period: fiscal Q3 2018
Accession: 0001548123-18-000303 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 2018-09-30	598,501	USD
At 2017-12-31	579,845	USD

Total liabilities

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

Period	Value	Unit	Days
At 2018-09-30	96,673	USD
At 2017-12-31	124,419	USD

Stockholders equity

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

Period	Value	Unit	Days
At 2018-09-30	501,828	USD
At 2017-12-31	455,426	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 2018-09-30	178,664	USD
At 2017-12-31	235,858	USD
At 2017-09-30	175,357	USD
At 2016-12-31	263,964	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
2018-07-01 to 2018-09-30	-42,573	USD	92
2018-01-01 to 2018-09-30	-161,599	USD	273
2017-07-01 to 2017-09-30	59,057	USD	92
2017-01-01 to 2017-09-30	69,766	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
2018-07-01 to 2018-09-30	359,151	USD	92
2018-01-01 to 2018-09-30	1,119,491	USD	273
2017-07-01 to 2017-09-30	325,870	USD	92
2017-01-01 to 2017-09-30	880,072	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
2018-01-01 to 2018-09-30	10,177	USD	273
2017-01-01 to 2017-09-30	0	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
2018-01-01 to 2018-09-30	0	USD	273
2017-01-01 to 2017-09-30	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 2018-09-30	-20,212,783	USD
At 2017-12-31	-20,051,184	USD

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	Unit	Days
2018-07-01 to 2018-09-30	USD/shares	92
2018-01-01 to 2018-09-30	USD/shares	273
2017-07-01 to 2017-09-30	USD/shares	92
2017-01-01 to 2017-09-30	USD/shares	273

Diluted earnings per share

Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.

Period	Unit	Days
2018-07-01 to 2018-09-30	USD/shares	92
2018-01-01 to 2018-09-30	USD/shares	273
2017-07-01 to 2017-09-30	USD/shares	92
2017-01-01 to 2017-09-30	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
2018-07-01 to 2018-09-30	USD	92
2018-01-01 to 2018-09-30	USD	273
2017-07-01 to 2017-09-30	USD	92
2017-01-01 to 2017-09-30	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 2018-09-30	0	USD
At 2017-12-31	0	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
2018-07-01 to 2018-09-30	-42,117	USD	92
2018-01-01 to 2018-09-30	-161,143	USD	273
2017-07-01 to 2017-09-30	59,057	USD	92
2017-01-01 to 2017-09-30	69,766	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 2018-09-30	535,401	USD
At 2017-12-31	516,745	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
2018-07-01 to 2018-09-30	-456	USD	92
2018-01-01 to 2018-09-30	-456	USD	273
2017-07-01 to 2017-09-30	0	USD	92
2017-01-01 to 2017-09-30	0	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 2018-09-30	96,673	USD
At 2017-12-31	124,419	USD

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

Period	Value	Unit	Days
At 2018-09-30	74,367	USD
At 2017-12-31	53,507	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 2018-09-30	60,000	USD
At 2017-12-31	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
2018-07-01 to 2018-09-30	250,090	USD	92
2018-01-01 to 2018-09-30	899,619	USD	273
2017-07-01 to 2017-09-30	182,177	USD	92
2017-01-01 to 2017-09-30	543,978	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 2018-09-30	142,810	USD
At 2017-12-31	155,352	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
2018-07-01 to 2018-09-30	207,973	USD	92
2018-01-01 to 2018-09-30	738,476	USD	273
2017-07-01 to 2017-09-30	241,234	USD	92
2017-01-01 to 2017-09-30	613,744	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
2018-07-01 to 2018-09-30	34,542	USD	92
2018-01-01 to 2018-09-30	49,447	USD	273
2017-07-01 to 2017-09-30	12,710	USD	92
2017-01-01 to 2017-09-30	30,677	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 2018-09-30	76,512,086	shares
At 2017-12-31	71,312,086	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 2018-09-30	19,949,491	USD
At 2017-12-31	19,793,490	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 2018-09-30	23,938	USD
At 2017-12-31	3,100	USD

Pre-tax income or loss from continuing operations

Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.

Period	Value	Unit	Days
2018-07-01 to 2018-09-30	-42,573	USD	92
2018-01-01 to 2018-09-30	-161,599	USD	273
2017-07-01 to 2017-09-30	59,057	USD	92
2017-01-01 to 2017-09-30	69,766	USD	273

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
2018-07-01 to 2018-09-30	80,830	USD	92
2018-01-01 to 2018-09-30	421,469	USD	273
2017-07-01 to 2017-09-30	55,808	USD	92
2017-01-01 to 2017-09-30	171,480	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
2018-01-01 to 2018-09-30	-67,554	USD	273
2017-01-01 to 2017-09-30	-132,575	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
2018-01-01 to 2018-09-30	12,542	USD	273
2017-01-01 to 2017-09-30	-4,639	USD	273

Inspect the source

Entity: REFLECT SCIENTIFIC, INC. / CIK 0001103090
Captured: 2026-09-20T05:23:12.214Z
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"])))