RESEARCH SOLUTIONS, INC.: 10-Q filed 2015-02-17

Name: RESEARCH SOLUTIONS, INC.: 10-Q filed 2015-02-17
Creator: RESEARCH SOLUTIONS, INC.

What RESEARCH SOLUTIONS, INC. reported in its quarterly report filed 2015-02-17 (fiscal Q2 2015): 37 published measures, 108 facts as tagged in accession 0001144204-15-010020.

This filing

Form: 10-Q (quarterly report)
Filed: 2015-02-17
Fiscal period: fiscal Q2 2015
Accession: 0001144204-15-010020 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 2014-12-31	7,134,184	USD
At 2014-06-30	9,042,627	USD

Total liabilities

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

Period	Value	Unit	Days
At 2014-12-31	6,321,128	USD
At 2014-06-30	9,461,553	USD

Stockholders equity

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

Period	Value	Unit	Days
At 2014-12-31	813,056	USD
At 2014-06-30	-418,926	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 2014-12-31	1,798,624	USD
At 2014-06-30	1,884,667	USD
At 2013-12-31	1,515,361	USD
At 2013-06-30	1,306,876	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
2014-10-01 to 2014-12-31	-94,176	USD	92
2014-07-01 to 2014-12-31	1,051,839	USD	184
2013-10-01 to 2013-12-31	-446,556	USD	92
2013-07-01 to 2013-12-31	-589,503	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
2014-07-01 to 2014-12-31	178,378	USD	184
2013-07-01 to 2013-12-31	-338,921	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
2014-07-01 to 2014-12-31	25,352	USD	184
2013-07-01 to 2013-12-31	4,182	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
2014-07-01 to 2014-12-31	-67,515	USD	184
2013-07-01 to 2013-12-31	628,793	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
2014-07-01 to 2014-12-31	-53,018	USD	184
2013-07-01 to 2013-12-31	-39,033	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 2014-12-31	-14,806,817	USD
At 2014-06-30	-15,858,656	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
2014-10-01 to 2014-12-31	17,456,711	shares	92
2014-07-01 to 2014-12-31	17,431,020	shares	184
2013-10-01 to 2013-12-31	17,171,633	shares	92
2013-07-01 to 2013-12-31	17,071,049	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
2014-10-01 to 2014-12-31	17,456,711	shares	92
2014-07-01 to 2014-12-31	17,840,559	shares	184
2013-10-01 to 2013-12-31	17,171,633	shares	92
2013-07-01 to 2013-12-31	17,071,049	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
2014-10-01 to 2014-12-31	-0.01	USD/shares	92
2014-07-01 to 2014-12-31	0.06	USD/shares	184
2013-10-01 to 2013-12-31	-0.03	USD/shares	92
2013-07-01 to 2013-12-31	-0.03	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
2014-10-01 to 2014-12-31	-0.01	USD/shares	92
2014-07-01 to 2014-12-31	0.06	USD/shares	184
2013-10-01 to 2013-12-31	-0.03	USD/shares	92
2013-07-01 to 2013-12-31	-0.03	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
2014-10-01 to 2014-12-31	1,929	USD	92
2014-07-01 to 2014-12-31	7,367	USD	184
2013-10-01 to 2013-12-31	2,199	USD	92
2013-07-01 to 2013-12-31	9,881	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 2014-12-31	83,306	USD
At 2014-06-30	108,914	USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

Period	Value	Unit	Days
2014-07-01 to 2014-12-31	122,896	USD	184
2013-07-01 to 2013-12-31	131,678	USD	184

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
2014-10-01 to 2014-12-31	-62,355	USD	92
2014-07-01 to 2014-12-31	-50,106	USD	184
2013-10-01 to 2013-12-31	-453,879	USD	92
2013-07-01 to 2013-12-31	-543,040	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 2014-12-31	7,041,338	USD
At 2014-06-30	7,996,557	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
2014-10-01 to 2014-12-31	4,593	USD	92
2014-07-01 to 2014-12-31	7,791	USD	184
2013-10-01 to 2013-12-31	4,351	USD	92
2013-07-01 to 2013-12-31	5,344	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 2014-12-31	6,321,128	USD
At 2014-06-30	9,348,138	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 2014-12-31	0	USD
At 2014-06-30	55,235	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 2014-12-31	4,338,917	USD
At 2014-06-30	3,994,987	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
2014-10-01 to 2014-12-31	1,572,107	USD	92
2014-07-01 to 2014-12-31	3,059,663	USD	184
2013-10-01 to 2013-12-31	1,769,329	USD	92
2013-07-01 to 2013-12-31	3,056,193	USD	184

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
2014-10-01 to 2014-12-31	1,509,752	USD	92
2014-07-01 to 2014-12-31	3,009,557	USD	184
2013-10-01 to 2013-12-31	1,315,450	USD	92
2013-07-01 to 2013-12-31	2,513,153	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
2014-10-01 to 2014-12-31	1,511,315	USD	92
2014-07-01 to 2014-12-31	2,926,783	USD	184
2013-10-01 to 2013-12-31	1,718,559	USD	92
2013-07-01 to 2013-12-31	2,957,872	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 2014-12-31	17,971,302	shares
At 2014-06-30	17,600,242	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 2014-12-31	15,627,179	USD
At 2014-06-30	15,406,033	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 2014-12-31	-25,277	USD
At 2014-06-30	16,097	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 2014-12-31	543,796	USD
At 2014-06-30	494,459	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
2014-10-01 to 2014-12-31	-92,247	USD	92
2014-07-01 to 2014-12-31	-93,745	USD	184
2013-10-01 to 2013-12-31	-465,405	USD	92
2013-07-01 to 2013-12-31	-554,773	USD	184

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
2014-10-01 to 2014-12-31	-94,176	USD	92
2014-07-01 to 2014-12-31	1,051,839	USD	184
2013-10-01 to 2013-12-31	-446,556	USD	92
2013-07-01 to 2013-12-31	-589,503	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
2014-10-01 to 2014-12-31	-96,514	USD	92
2014-07-01 to 2014-12-31	1,045,145	USD	184
2013-10-01 to 2013-12-31	-467,105	USD	92
2013-07-01 to 2013-12-31	-647,026	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
2014-07-01 to 2014-12-31	132,880	USD	184
2013-07-01 to 2013-12-31	98,321	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
2014-10-01 to 2014-12-31	-25,299	USD	92
2014-07-01 to 2014-12-31	-35,848	USD	184
2013-10-01 to 2013-12-31	-7,175	USD	92
2013-07-01 to 2013-12-31	-6,389	USD	184

Nonoperating income or expense

Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.

Period	Value	Unit	Days
2014-10-01 to 2014-12-31	-29,892	USD	92
2014-07-01 to 2014-12-31	-43,639	USD	184
2013-10-01 to 2013-12-31	-11,526	USD	92
2013-07-01 to 2013-12-31	-11,733	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
2014-07-01 to 2014-12-31	343,930	USD	184
2013-07-01 to 2013-12-31	483,682	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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