RESEARCH SOLUTIONS, INC.: 10-Q filed 2014-02-07

Name: RESEARCH SOLUTIONS, INC.: 10-Q filed 2014-02-07
Creator: RESEARCH SOLUTIONS, INC.

What RESEARCH SOLUTIONS, INC. reported in its quarterly report filed 2014-02-07 (fiscal Q2 2014): 36 published measures, 100 facts as tagged in accession 0001144204-14-006703.

This filing

Form: 10-Q (quarterly report)
Filed: 2014-02-07
Fiscal period: fiscal Q2 2014
Accession: 0001144204-14-006703 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 2013-12-31	10,359,509	USD
At 2013-06-30	8,924,509	USD

Total liabilities

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

Period	Value	Unit	Days
At 2013-12-31	9,670,287	USD
At 2013-06-30	8,610,329	USD

Stockholders equity

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

Period	Value	Unit	Days
At 2013-12-31	689,222	USD
At 2013-06-30	314,180	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 2013-12-31	2,074,600	USD
At 2013-06-30	1,699,969	USD
At 2012-12-31	2,898,285	USD
At 2012-06-30	3,150,978	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
2013-07-01 to 2013-12-31	-589,503	USD	184
2012-07-01 to 2012-12-31	124,286	USD	184

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
2013-07-01 to 2013-12-31	-123,941	USD	184
2012-07-01 to 2012-12-31	1,101,401	USD	184

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
2013-07-01 to 2013-12-31	20,359	USD	184
2012-07-01 to 2012-12-31	61,810	USD	184

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
2013-07-01 to 2013-12-31	628,793	USD	184
2012-07-01 to 2012-12-31	-1,199,968	USD	184

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
2013-07-01 to 2013-12-31	-35,997	USD	184
2012-07-01 to 2012-12-31	-45,453	USD	184

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 2013-12-31	-14,581,741	USD
At 2013-06-30	-13,992,238	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
2013-10-01 to 2013-12-31	17,171,633	shares	92
2013-07-01 to 2013-12-31	17,071,049	shares	184
2012-10-01 to 2012-12-31	17,208,117	shares	92
2012-07-01 to 2012-12-31	17,145,856	shares	184

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
2013-10-01 to 2013-12-31	17,171,633	shares	92
2013-07-01 to 2013-12-31	17,071,049	shares	184
2012-10-01 to 2012-12-31	17,208,117	shares	92
2012-07-01 to 2012-12-31	17,175,663	shares	184

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
2013-10-01 to 2013-12-31	-0.03	USD/shares	92
2013-07-01 to 2013-12-31	-0.03	USD/shares	184
2012-10-01 to 2012-12-31	0.01	USD/shares	92
2012-07-01 to 2012-12-31	0.01	USD/shares	184

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	Value	Unit	Days
2013-10-01 to 2013-12-31	-0.03	USD/shares	92
2013-07-01 to 2013-12-31	-0.03	USD/shares	184
2012-10-01 to 2012-12-31	0.01	USD/shares	92
2012-07-01 to 2012-12-31	0.01	USD/shares	184

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
2013-10-01 to 2013-12-31	2,199	USD	92
2013-07-01 to 2013-12-31	9,881	USD	184
2012-10-01 to 2012-12-31	1,088	USD	92
2012-07-01 to 2012-12-31	1,681	USD	184

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 2013-12-31	699,686	USD
At 2013-06-30	831,231	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
2013-10-01 to 2013-12-31	-421,904	USD	92
2013-07-01 to 2013-12-31	-545,308	USD	184
2012-10-01 to 2012-12-31	209,086	USD	92
2012-07-01 to 2012-12-31	195,441	USD	184

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 2013-12-31	9,090,346	USD
At 2013-06-30	7,683,723	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
2013-10-01 to 2013-12-31	15,278	USD	92
2013-07-01 to 2013-12-31	27,925	USD	184
2012-10-01 to 2012-12-31	22,723	USD	92
2012-07-01 to 2012-12-31	59,560	USD	184

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 2013-12-31	9,389,713	USD
At 2013-06-30	8,106,225	USD

Net finite-lived intangible assets

Finite-lived intangible assets after amortization. This excludes goodwill and should not be combined with indefinite-lived intangible assets without checking scope.

Period	Value	Unit	Days
At 2013-12-31	89,410	USD
At 2013-06-30	123,482	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 2013-12-31	5,609,223	USD
At 2013-06-30	4,966,717	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
2013-10-01 to 2013-12-31	2,642,210	USD	92
2013-07-01 to 2013-12-31	4,770,590	USD	184
2012-10-01 to 2012-12-31	2,549,615	USD	92
2012-07-01 to 2012-12-31	4,720,104	USD	184

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 2013-12-31	158,780	USD
At 2013-06-30	171,682	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
2013-10-01 to 2013-12-31	2,220,306	USD	92
2013-07-01 to 2013-12-31	4,225,282	USD	184
2012-10-01 to 2012-12-31	2,758,701	USD	92
2012-07-01 to 2012-12-31	4,915,545	USD	184

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
2013-10-01 to 2013-12-31	2,521,246	USD	92
2013-07-01 to 2013-12-31	4,532,275	USD	184
2012-10-01 to 2012-12-31	2,414,701	USD	92
2012-07-01 to 2012-12-31	4,405,411	USD	184

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 2013-12-31	17,554,729	shares
At 2013-06-30	16,970,465	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 2013-12-31	15,234,926	USD
At 2013-06-30	14,213,443	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 2013-12-31	18,482	USD
At 2013-06-30	76,005	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 2013-12-31	1,327,708	USD
At 2013-06-30	1,094,953	USD

Profit or loss including noncontrolling interests

Net income or loss including the portion attributable to noncontrolling interests. It can differ from the net income attributable to the parent that per-share figures use.

Period	Value	Unit	Days
2013-10-01 to 2013-12-31	-446,556	USD	92
2013-07-01 to 2013-12-31	-589,503	USD	184
2012-10-01 to 2012-12-31	178,319	USD	92
2012-07-01 to 2012-12-31	124,286	USD	184

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
2013-10-01 to 2013-12-31	-467,105	USD	92
2013-07-01 to 2013-12-31	-647,026	USD	184
2012-10-01 to 2012-12-31	140,716	USD	92
2012-07-01 to 2012-12-31	59,036	USD	184

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
2013-07-01 to 2013-12-31	238,315	USD	184
2012-07-01 to 2012-12-31	343,815	USD	184

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
2013-10-01 to 2013-12-31	-7,175	USD	92
2013-07-01 to 2013-12-31	-6,389	USD	184
2012-10-01 to 2012-12-31	-6,956	USD	92
2012-07-01 to 2012-12-31	-9,914	USD	184

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
2013-07-01 to 2013-12-31	642,506	USD	184
2012-07-01 to 2012-12-31	2,773,262	USD	184

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
2013-07-01 to 2013-12-31	-12,902	USD	184
2012-07-01 to 2012-12-31	-11,718	USD	184

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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