RESEARCH SOLUTIONS, INC.: 10-K filed 2015-09-08

Name: RESEARCH SOLUTIONS, INC.: 10-K filed 2015-09-08
Creator: RESEARCH SOLUTIONS, INC.

What RESEARCH SOLUTIONS, INC. reported in its annual report filed 2015-09-08 (fiscal FY 2015): 42 published measures, 86 facts as tagged in accession 0001144204-15-054026.

This filing

Form: 10-K (annual report)
Filed: 2015-09-08
Fiscal period: fiscal FY 2015
Accession: 0001144204-15-054026 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 2015-06-30	6,779,580	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 2015-06-30	5,686,764	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
At 2015-06-30	1,092,816	USD
At 2014-06-30	-418,926	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 2015-06-30	1,354,158	USD
At 2014-06-30	1,884,667	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
2014-07-01 to 2015-06-30	774,219	USD	365
2013-07-01 to 2014-06-30	-1,866,418	USD	365

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 2015-06-30	-331,895	USD	365
2013-07-01 to 2014-06-30	475,734	USD	365

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 2015-06-30	67,555	USD	365
2013-07-01 to 2014-06-30	16,836	USD	365

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 2015-06-30	-119,220	USD	365
2013-07-01 to 2014-06-30	260,739	USD	365

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 2015-06-30	-95,221	USD	365
2013-07-01 to 2014-06-30	-101,178	USD	365

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 2015-06-30	-15,084,437	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
2014-07-01 to 2015-06-30	17,445,812	shares	365
2013-07-01 to 2014-06-30	17,230,311	shares	365

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
2014-07-01 to 2015-06-30	17,962,157	shares	365
2013-07-01 to 2014-06-30	17,230,311	shares	365

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
2014-07-01 to 2015-06-30	0.04	USD/shares	365
2013-07-01 to 2014-06-30	-0.11	USD/shares	365

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
2014-07-01 to 2015-06-30	0.04	USD/shares	365
2013-07-01 to 2014-06-30	-0.11	USD/shares	365

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
2014-07-01 to 2015-06-30	30,892	USD	365
2013-07-01 to 2014-06-30	16,099	USD	365

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 2015-06-30	83,238	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 2015-06-30	488,437	USD	365
2013-07-01 to 2014-06-30	247,385	USD	365

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
2014-07-01 to 2015-06-30	-494,452	USD	365
2013-07-01 to 2014-06-30	-1,054,986	USD	365

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 2015-06-30	6,686,871	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
2014-07-01 to 2015-06-30	18,056	USD	365
2013-07-01 to 2014-06-30	13,817	USD	365

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 2015-06-30	5,686,764	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 2015-06-30	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 2015-06-30	4,889,937	USD
At 2014-06-30	3,994,987	USD

Common-stock repurchase payments

Cash paid to reacquire common stock during the period. This is not an authorization limit or a direct measure of the net change in share count.

Period	Value	Unit	Days
2014-07-01 to 2015-06-30	51,705	USD	365
2013-07-01 to 2014-06-30	0	USD	365

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
2014-07-01 to 2015-06-30	6,670,653	USD	365
2013-07-01 to 2014-06-30	6,508,498	USD	365

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
2014-07-01 to 2015-06-30	6,176,201	USD	365
2013-07-01 to 2014-06-30	5,453,512	USD	365

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
2014-07-01 to 2015-06-30	6,495,834	USD	365
2013-07-01 to 2014-06-30	6,288,564	USD	365

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 2015-06-30	16,188,358	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 2015-06-30	-29,347	USD
At 2014-06-30	16,097	USD

Gross property, plant and equipment

Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.

Period	Value	Unit	Days
At 2015-06-30	668,648	USD
At 2014-06-30	603,373	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 2015-06-30	585,410	USD
At 2014-06-30	494,459	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 2015-06-30	70,195	USD
At 2014-06-30	83,031	USD

Net deferred tax assets

Deferred tax assets after the valuation allowance. Realization depends on future taxable income, so the balance is not a receivable from tax authorities.

Period	Value	Unit	Days
At 2015-06-30	4,602,940	USD
At 2014-06-30	4,460,914	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
2014-07-01 to 2015-06-30	-511,293	USD	365
2013-07-01 to 2014-06-30	-1,068,033	USD	365

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
2014-07-01 to 2015-06-30	774,219	USD	365
2013-07-01 to 2014-06-30	-1,866,418	USD	365

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
2014-07-01 to 2015-06-30	763,455	USD	365
2013-07-01 to 2014-06-30	-1,926,326	USD	365

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.

Period	Value	Unit	Days
2014-07-01 to 2015-06-30	91,919	USD	365
2013-07-01 to 2014-06-30	97,475	USD	365

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 2015-06-30	174,819	USD	365
2013-07-01 to 2014-06-30	219,934	USD	365

Amortization of intangible assets

Amortization recognized on finite-lived intangible assets. It follows acquisition accounting and does not indicate the intangibles are losing usefulness at that rate.

Period	Value	Unit	Days
2014-07-01 to 2015-06-30	82,900	USD	365
2013-07-01 to 2014-06-30	122,459	USD	365

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
2014-07-01 to 2015-06-30	1,215	USD	365
2013-07-01 to 2014-06-30	770	USD	365

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
2014-07-01 to 2015-06-30	-16,841	USD	365
2013-07-01 to 2014-06-30	-13,047	USD	365

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 2015-06-30	894,950	USD	365
2013-07-01 to 2014-06-30	179,213	USD	365

Inspect the source

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

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/0001386301.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"])))