RESEARCH SOLUTIONS, INC.: 10-Q filed 2016-02-16

Name: RESEARCH SOLUTIONS, INC.: 10-Q filed 2016-02-16
Creator: RESEARCH SOLUTIONS, INC.

What RESEARCH SOLUTIONS, INC. reported in its quarterly report filed 2016-02-16 (fiscal Q2 2016): 35 published measures, 104 facts as tagged in accession 0001144204-16-082529.

This filing

Form: 10-Q (quarterly report)
Filed: 2016-02-16
Fiscal period: fiscal Q2 2016
Accession: 0001144204-16-082529 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 2015-12-31	7,957,565	USD
At 2015-06-30	6,779,580	USD

Stockholders equity

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

Period	Value	Unit	Days
At 2015-12-31	1,011,190	USD
At 2015-06-30	1,092,816	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 2015-12-31	1,764,126	USD
At 2015-06-30	1,354,158	USD
At 2014-12-31	1,798,624	USD
At 2014-06-30	1,884,667	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
2015-10-01 to 2015-12-31	-298,425	USD	92
2015-07-01 to 2015-12-31	-477,245	USD	184
2014-10-01 to 2014-12-31	-94,176	USD	92
2014-07-01 to 2014-12-31	1,051,839	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
2015-07-01 to 2015-12-31	477,484	USD	184
2014-07-01 to 2014-12-31	178,378	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
2015-07-01 to 2015-12-31	42,448	USD	184
2014-07-01 to 2014-12-31	25,352	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
2015-07-01 to 2015-12-31	-20,148	USD	184
2014-07-01 to 2014-12-31	-67,515	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 2015-12-31	-15,561,682	USD
At 2015-06-30	-15,084,437	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
2015-10-01 to 2015-12-31	17,656,087	shares	92
2015-07-01 to 2015-12-31	17,610,079	shares	184
2014-10-01 to 2014-12-31	17,456,711	shares	92
2014-07-01 to 2014-12-31	17,431,020	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
2015-10-01 to 2015-12-31	17,656,087	shares	92
2015-07-01 to 2015-12-31	17,610,079	shares	184
2014-10-01 to 2014-12-31	17,456,711	shares	92
2014-07-01 to 2014-12-31	17,840,559	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
2015-10-01 to 2015-12-31	-0.02	USD/shares	92
2015-07-01 to 2015-12-31	-0.03	USD/shares	184
2014-10-01 to 2014-12-31	-0.01	USD/shares	92
2014-07-01 to 2014-12-31	0.06	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
2015-10-01 to 2015-12-31	-0.02	USD/shares	92
2015-07-01 to 2015-12-31	-0.03	USD/shares	184
2014-10-01 to 2014-12-31	-0.01	USD/shares	92
2014-07-01 to 2014-12-31	0.06	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
2015-10-01 to 2015-12-31	6,056	USD	92
2015-07-01 to 2015-12-31	17,300	USD	184
2014-10-01 to 2014-12-31	1,929	USD	92
2014-07-01 to 2014-12-31	7,367	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 2015-12-31	94,409	USD
At 2015-06-30	83,238	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
2015-10-01 to 2015-12-31	-294,010	USD	92
2015-07-01 to 2015-12-31	-459,362	USD	184
2014-10-01 to 2014-12-31	-87,979	USD	92
2014-07-01 to 2014-12-31	-86,577	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 2015-12-31	7,853,796	USD
At 2015-06-30	6,686,871	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
2015-10-01 to 2015-12-31	3,000	USD	92
2015-07-01 to 2015-12-31	7,993	USD	184
2014-10-01 to 2014-12-31	4,593	USD	92
2014-07-01 to 2014-12-31	7,791	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 2015-12-31	6,946,375	USD
At 2015-06-30	5,686,764	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 2015-12-31	5,417,002	USD
At 2015-06-30	4,889,937	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
2015-07-01 to 2015-12-31	20,148	USD	184
2014-07-01 to 2014-12-31	0	USD	184

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
2015-10-01 to 2015-12-31	1,890,312	USD	92
2015-07-01 to 2015-12-31	3,610,011	USD	184
2014-10-01 to 2014-12-31	1,597,731	USD	92
2014-07-01 to 2014-12-31	3,096,134	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
2015-10-01 to 2015-12-31	1,596,302	USD	92
2015-07-01 to 2015-12-31	3,150,649	USD	184
2014-10-01 to 2014-12-31	1,509,752	USD	92
2014-07-01 to 2014-12-31	3,009,557	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
2015-10-01 to 2015-12-31	1,874,216	USD	92
2015-07-01 to 2015-12-31	3,579,177	USD	184
2014-10-01 to 2014-12-31	1,536,939	USD	92
2014-07-01 to 2014-12-31	2,963,254	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 2015-12-31	18,364,827	shares
At 2015-06-30	18,242,125	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 2015-12-31	16,589,217	USD
At 2015-06-30	16,188,358	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 2015-12-31	-34,710	USD
At 2015-06-30	-29,347	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 2015-12-31	615,617	USD
At 2015-06-30	585,410	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 2015-12-31	69,000	USD
At 2015-06-30	70,195	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
2015-10-01 to 2015-12-31	-292,369	USD	92
2015-07-01 to 2015-12-31	-459,945	USD	184
2014-10-01 to 2014-12-31	-92,247	USD	92
2014-07-01 to 2014-12-31	-93,745	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
2015-10-01 to 2015-12-31	-298,425	USD	92
2015-07-01 to 2015-12-31	-477,245	USD	184
2014-10-01 to 2014-12-31	-94,176	USD	92
2014-07-01 to 2014-12-31	1,051,839	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
2015-10-01 to 2015-12-31	-305,491	USD	92
2015-07-01 to 2015-12-31	-482,608	USD	184
2014-10-01 to 2014-12-31	-96,514	USD	92
2014-07-01 to 2014-12-31	1,045,145	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
2015-07-01 to 2015-12-31	30,834	USD	184
2014-07-01 to 2014-12-31	132,880	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
2015-10-01 to 2015-12-31	4,641	USD	92
2015-07-01 to 2015-12-31	7,410	USD	184
2014-10-01 to 2014-12-31	325	USD	92
2014-07-01 to 2014-12-31	623	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
2015-10-01 to 2015-12-31	1,641	USD	92
2015-07-01 to 2015-12-31	-583	USD	184
2014-10-01 to 2014-12-31	-4,268	USD	92
2014-07-01 to 2014-12-31	-7,168	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
2015-07-01 to 2015-12-31	527,065	USD	184
2014-07-01 to 2014-12-31	343,930	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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