RESEARCH SOLUTIONS, INC.: 10-Q filed 2012-05-15

Name: RESEARCH SOLUTIONS, INC.: 10-Q filed 2012-05-15
Creator: RESEARCH SOLUTIONS, INC.

What RESEARCH SOLUTIONS, INC. reported in its quarterly report filed 2012-05-15 (fiscal Q3 2012): 36 published measures, 91 facts as tagged in accession 0001144204-12-029094.

This filing

Form: 10-Q (quarterly report)
Filed: 2012-05-15
Fiscal period: fiscal Q3 2012
Accession: 0001144204-12-029094 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 RESEARCH SOLUTIONS, 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 2012-03-31	13,196,324	USD
At 2011-06-30	17,664,535	USD

Total liabilities

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

Period	Value	Unit	Days
At 2012-03-31	12,791,260	USD
At 2011-06-30	11,842,593	USD

Stockholders equity

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

Period	Value	Unit	Days
At 2012-03-31	405,064	USD
At 2011-06-30	5,821,942	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 2012-03-31	3,245,809	USD
At 2011-06-30	2,868,260	USD
At 2011-03-31	3,753,921	USD
At 2010-06-30	1,852,231	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
2012-01-01 to 2012-03-31	-2,129,018	USD	91
2011-07-01 to 2012-03-31	-5,597,979	USD	275
2011-01-01 to 2011-03-31	-1,520,647	USD	90
2010-07-01 to 2011-03-31	-3,229,351	USD	274

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
2011-07-01 to 2012-03-31	1,348,108	USD	275
2010-07-01 to 2011-03-31	-4,855,717	USD	274

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

Period	Value	Unit	Days
2011-07-01 to 2012-03-31	60,961	USD	275
2010-07-01 to 2011-03-31	83,312	USD	274

Revenue

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

Period	Value	Unit	Days
2012-01-01 to 2012-03-31	9,986,862	USD	91
2011-07-01 to 2012-03-31	31,937,600	USD	275
2011-01-01 to 2011-03-31	7,628,334	USD	90
2010-07-01 to 2011-03-31	22,156,368	USD	274

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
2011-07-01 to 2012-03-31	-797,387	USD	275
2010-07-01 to 2011-03-31	6,414,029	USD	274

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
2011-07-01 to 2012-03-31	-249,921	USD	275
2010-07-01 to 2011-03-31	343,378	USD	274

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 2012-03-31	-13,249,850	USD
At 2011-06-30	-7,651,871	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
2012-01-01 to 2012-03-31	-350,000	USD	91
2011-07-01 to 2012-03-31	-330,371	USD	275

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 2012-03-31	979,032	USD
At 2011-06-30	1,666,462	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
2012-01-01 to 2012-03-31	-2,444,282	USD	91
2011-07-01 to 2012-03-31	-5,789,471	USD	275
2011-01-01 to 2011-03-31	-1,487,466	USD	90
2010-07-01 to 2011-03-31	-3,145,472	USD	274

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 2012-03-31	11,632,645	USD
At 2011-06-30	12,238,088	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
2012-01-01 to 2012-03-31	38,457	USD	91
2011-07-01 to 2012-03-31	161,470	USD	275
2011-01-01 to 2011-03-31	24,817	USD	90
2010-07-01 to 2011-03-31	73,475	USD	274

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 2012-03-31	11,981,580	USD
At 2011-06-30	9,741,575	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 2012-03-31	223,385	USD
At 2011-06-30	1,567,604	USD

Net current accounts receivable

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

Period	Value	Unit	Days
At 2012-03-31	6,984,122	USD
At 2011-06-30	6,690,662	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
2012-01-01 to 2012-03-31	4,687,227	USD	91
2011-07-01 to 2012-03-31	11,284,153	USD	275
2011-01-01 to 2011-03-31	2,147,825	USD	90
2010-07-01 to 2011-03-31	5,189,266	USD	274

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 2012-03-31	637,660	USD
At 2011-06-30	759,507	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
2012-01-01 to 2012-03-31	2,242,945	USD	91
2011-07-01 to 2012-03-31	5,494,682	USD	275
2011-01-01 to 2011-03-31	660,359	USD	90
2010-07-01 to 2011-03-31	2,043,794	USD	274

Cost of revenue

Costs attributed to goods produced and sold and services provided during the period. This is not the sum of every operating expense.

Period	Value	Unit	Days
2012-01-01 to 2012-03-31	7,743,917	USD	91
2011-07-01 to 2012-03-31	26,442,918	USD	275
2011-01-01 to 2011-03-31	6,967,975	USD	90
2010-07-01 to 2011-03-31	20,112,574	USD	274

Selling, general and administrative expense

Selling and general administrative costs reported under this concept. It is an expense category, not a substitute for total operating expenses.

Period	Value	Unit	Days
2012-01-01 to 2012-03-31	2,037,231	USD	91
2011-07-01 to 2012-03-31	7,668,062	USD	275
2011-01-01 to 2011-03-31	2,084,618	USD	90
2010-07-01 to 2011-03-31	5,000,134	USD	274

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 2012-03-31	17,069,437	shares
At 2011-06-30	16,822,509	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 2012-03-31	13,625,240	USD
At 2011-06-30	13,468,580	USD

Accumulated other comprehensive income or loss

Cumulative other comprehensive items after tax, such as translation and unrealized hedging or securities effects. These amounts have not passed through net income.

Period	Value	Unit	Days
At 2012-03-31	12,605	USD
At 2011-06-30	-11,590	USD

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

Period	Value	Unit	Days
At 2012-03-31	1,354,303	USD
At 2011-06-30	724,004	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 2012-03-31	83,578	USD
At 2011-06-30	1,883,660	USD

Other noncurrent liabilities

Noncurrent liabilities the filer does not present separately. The composition differs by filer and is described only in the filing.

Period	Value	Unit	Days
At 2011-06-30	359,338	USD

Comprehensive income or loss

Net income plus other comprehensive income after tax. It includes unrealized items that net income excludes and is not a cash measure.

Period	Value	Unit	Days
2012-01-01 to 2012-03-31	-2,138,763	USD	91
2011-07-01 to 2012-03-31	-5,573,784	USD	275
2011-01-01 to 2011-03-31	-1,520,647	USD	90
2010-07-01 to 2011-03-31	-3,229,351	USD	274

Depreciation, depletion and amortization

Combined depreciation, depletion and amortization for the period. A noncash allocation of asset cost, not a measure of maintenance spending.

Period	Value	Unit	Days
2011-07-01 to 2012-03-31	1,378,984	USD	275
2010-07-01 to 2011-03-31	244,243	USD	274

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.

Period	Value	Unit	Days
2012-01-01 to 2012-03-31	4,050	USD	91
2011-07-01 to 2012-03-31	23,903	USD	275
2010-07-01 to 2011-03-31	-3,775	USD	274

Deferred income tax expense or benefit

The deferred portion of income tax expense or benefit, arising from timing differences. It is not tax paid in the period.

Period	Value	Unit	Days
2011-07-01 to 2012-03-31	-350,000	USD	275

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
2011-07-01 to 2012-03-31	293,459	USD	275
2010-07-01 to 2011-03-31	1,876,631	USD	274

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
2011-07-01 to 2012-03-31	-121,847	USD	275
2010-07-01 to 2011-03-31	8,779	USD	274

Inspect the source

Entity: RESEARCH SOLUTIONS, INC. / CIK 0001386301
Captured: 2026-09-20T07:59:00.815Z
SEC response SHA-256: d6ec6e5399ac299356f442a2d983f0155eea96dfff559cac8e310020eae0c511

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