Skip to content

REFLECT SCIENTIFIC, INC.: 10-Q filed 2021-11-15

What REFLECT SCIENTIFIC, INC. reported in its quarterly report filed 2021-11-15 (fiscal Q3 2021): 31 published measures, 86 facts as tagged in accession 0001548123-21-000136.

This filing

Form
10-Q (quarterly report)
Filed
2021-11-15
Fiscal period
fiscal Q3 2021
Accession
0001548123-21-000136 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.

PeriodValueUnitDays
At 2021-09-302,086,473USD
At 2020-12-311,676,450USD

Total liabilities

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

PeriodValueUnitDays
At 2021-09-30294,894USD
At 2020-12-31463,309USD

Stockholders equity

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

PeriodValueUnitDays
At 2021-09-301,791,579USD
At 2021-06-301,631,690USD
At 2021-03-311,460,909USD
At 2020-12-311,213,141USD
At 2020-09-30897,355USD
At 2020-06-30693,167USD
At 2020-03-31718,621USD
At 2019-12-31553,026USD

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.

PeriodValueUnitDays
At 2021-09-301,143,998USD
At 2020-12-31642,542USD
At 2020-09-30570,726USD
At 2019-12-31555,156USD

Net income or loss

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

PeriodValueUnitDays
2021-07-01 to 2021-09-30159,889USD92
2021-01-01 to 2021-09-30578,438USD273
2021-04-01 to 2021-06-30170,781USD91
2021-01-01 to 2021-03-31247,768USD90
2020-07-01 to 2020-09-30204,188USD92
2020-01-01 to 2020-09-30344,329USD274
2020-04-01 to 2020-06-30-25,454USD91
2020-01-01 to 2020-03-31165,595USD91

Operating cash flow

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

PeriodValueUnitDays
2021-01-01 to 2021-09-30501,456USD273
2020-01-01 to 2020-09-30-97,489USD274

Revenue

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

PeriodValueUnitDays
2021-07-01 to 2021-09-30716,145USD92
2021-01-01 to 2021-09-301,985,640USD273
2020-07-01 to 2020-09-30610,085USD92
2020-01-01 to 2020-09-302,096,799USD274

Financing cash flow

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

PeriodValueUnitDays
2020-01-01 to 2020-09-30113,059USD274

Retained earnings or deficit

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

PeriodValueUnitDays
At 2021-09-30-19,257,742USD
At 2020-12-31-19,836,180USD

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.

PeriodValueUnitDays
2021-07-01 to 2021-09-30159,889USD92
2021-01-01 to 2021-09-30467,173USD273
2020-07-01 to 2020-09-30204,188USD92
2020-01-01 to 2020-09-30344,461USD274

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.

PeriodValueUnitDays
At 2021-09-301,899,284USD
At 2020-12-311,445,709USD

Current liabilities

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

PeriodValueUnitDays
At 2021-09-30222,833USD
At 2020-12-31242,629USD

Current accounts payable

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

PeriodValueUnitDays
At 2021-09-3089,718USD
At 2020-12-3170,204USD

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.

PeriodValueUnitDays
At 2021-09-3060,000USD
At 2020-12-3160,000USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

PeriodValueUnitDays
At 2021-09-30147,688USD
At 2020-12-31340,427USD

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.

PeriodValueUnitDays
2021-07-01 to 2021-09-30313,913USD92
2021-01-01 to 2021-09-30897,150USD273
2020-07-01 to 2020-09-30153,785USD92
2020-01-01 to 2020-09-30907,057USD274

Net inventory

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

PeriodValueUnitDays
At 2021-09-30585,057USD
At 2020-12-31438,606USD

Gross profit

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

PeriodValueUnitDays
2021-07-01 to 2021-09-30473,802USD92
2021-01-01 to 2021-09-301,364,323USD273
2020-07-01 to 2020-09-30357,973USD92
2020-01-01 to 2020-09-301,251,518USD274

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.

PeriodValueUnitDays
2021-07-01 to 2021-09-3017,544USD92
2021-01-01 to 2021-09-3045,697USD273
2020-07-01 to 2020-09-30754USD92
2020-01-01 to 2020-09-30190,610USD274

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.

PeriodValueUnitDays
At 2021-09-3084,739,086shares
At 2020-12-3184,739,086shares

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.

PeriodValueUnitDays
At 2021-09-3020,201,931USD
At 2020-12-3120,201,931USD

Operating lease right-of-use asset

Carrying amount of the right to use leased assets under operating leases. It reflects discounted remaining payments, not the value of the underlying property.

PeriodValueUnitDays
At 2021-09-30124,089USD
At 2020-12-31167,641USD

Operating lease liability

Present value of remaining operating lease payments. Discount-rate choices and lease terms affect the amount; it is not the sum of undiscounted future rent.

PeriodValueUnitDays
At 2021-09-30126,962USD

Current contract liabilities

Consideration received before performance obligations are satisfied, often called deferred revenue. It is an obligation to deliver, not earned revenue or cash available.

PeriodValueUnitDays
At 2021-09-3078,214USD
At 2020-12-31113,643USD

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.

PeriodValueUnitDays
2021-07-01 to 2021-09-30159,889USD92
2021-01-01 to 2021-09-30578,438USD273
2020-07-01 to 2020-09-30204,188USD92
2020-01-01 to 2020-09-30344,329USD274

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.

PeriodValueUnitDays
2021-07-01 to 2021-09-30149,672USD92
2021-01-01 to 2021-09-30422,036USD273
2020-07-01 to 2020-09-3075,330USD92
2020-01-01 to 2020-09-30309,836USD274

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.

PeriodValueUnitDays
2020-01-01 to 2020-09-302,985USD274

Other nonoperating income or expense

Other income or expense outside operations under this concept. The composition is filer-specific and can include one-time items.

PeriodValueUnitDays
2021-01-01 to 2021-09-30111,265USD273
2020-01-01 to 2020-09-30-132USD274

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

PeriodValueUnitDays
2020-01-01 to 2020-09-30588USD274

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.

PeriodValueUnitDays
2021-01-01 to 2021-09-30-192,739USD273
2020-01-01 to 2020-09-3017,438USD274

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.

PeriodValueUnitDays
2021-01-01 to 2021-09-30146,451USD273
2020-01-01 to 2020-09-3059,237USD274

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

Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

Public company accounting reference, not market prices, returns, an investment recommendation, or ALPHAC performance. Validate a separately constructed return series with the validation API; accounting values are not returns.

Use this in research

A financial period ends before its results become public. Use the filing date as a minimum availability boundary, inspect amendments, and retain the original filing vintage when testing historical signals. This latest-filed selection can contain information unavailable at the time.

These pages do not supply prices, total-return histories, corporate-action adjustments or a tradable universe. Build those inputs separately before evaluating a strategy. A profitable backtest can still reflect selection bias or costs that were left out.

Research methodology · Execution and cost assumptions · Check backtest overfitting

Build with the open-source tools

Use these accounting records as inspectable inputs. When you have constructed a return series, the validation tools can help test its statistical evidence and preserve the result with its limitations.

Read the published dataset with Python
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"])))