RESEARCH SOLUTIONS, INC.: 10-Q filed 2016-05-16

Name: RESEARCH SOLUTIONS, INC.: 10-Q filed 2016-05-16
Creator: RESEARCH SOLUTIONS, INC.

What RESEARCH SOLUTIONS, INC. reported in its quarterly report filed 2016-05-16 (fiscal Q3 2016): 36 published measures, 106 facts as tagged in accession 0001144204-16-102534.

This filing

Form: 10-Q (quarterly report)
Filed: 2016-05-16
Fiscal period: fiscal Q3 2016
Accession: 0001144204-16-102534 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 2016-03-31	7,960,986	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 2016-03-31	1,167,532	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 2016-03-31	1,923,970	USD
At 2015-06-30	1,354,158	USD
At 2015-03-31	1,373,036	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
2016-01-01 to 2016-03-31	32,376	USD	91
2015-07-01 to 2016-03-31	-444,869	USD	275
2015-01-01 to 2015-03-31	-1,816	USD	90
2014-07-01 to 2015-03-31	1,050,023	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
2015-07-01 to 2016-03-31	782,082	USD	275
2014-07-01 to 2015-03-31	-153,631	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
2015-07-01 to 2016-03-31	49,784	USD	275
2014-07-01 to 2015-03-31	67,555	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
2015-07-01 to 2016-03-31	-20,147	USD	275
2014-07-01 to 2015-03-31	-118,120	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 2016-03-31	-15,529,306	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
2016-01-01 to 2016-03-31	17,707,900	shares	91
2015-07-01 to 2016-03-31	17,642,449	shares	275
2015-01-01 to 2015-03-31	17,457,404	shares	90
2014-07-01 to 2015-03-31	17,440,275	shares	274

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
2016-01-01 to 2016-03-31	18,464,000	shares	91
2015-07-01 to 2016-03-31	17,642,449	shares	275
2015-01-01 to 2015-03-31	17,457,404	shares	90
2014-07-01 to 2015-03-31	17,893,217	shares	274

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
2016-01-01 to 2016-03-31	0	USD/shares	91
2015-07-01 to 2016-03-31	-0.03	USD/shares	275
2015-01-01 to 2015-03-31	0	USD/shares	90
2014-07-01 to 2015-03-31	0.06	USD/shares	274

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
2016-01-01 to 2016-03-31	0	USD/shares	91
2015-07-01 to 2016-03-31	-0.03	USD/shares	275
2015-01-01 to 2015-03-31	0	USD/shares	90
2014-07-01 to 2015-03-31	0.06	USD/shares	274

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
2016-01-01 to 2016-03-31	5,210	USD	91
2015-07-01 to 2016-03-31	22,510	USD	275
2015-01-01 to 2015-03-31	17,526	USD	90
2014-07-01 to 2015-03-31	24,893	USD	274

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 2016-03-31	87,800	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
2016-01-01 to 2016-03-31	69,614	USD	91
2015-07-01 to 2016-03-31	-389,748	USD	275
2015-01-01 to 2015-03-31	19,310	USD	90
2014-07-01 to 2015-03-31	-67,267	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 2016-03-31	7,749,371	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
2016-01-01 to 2016-03-31	6,389	USD	91
2015-07-01 to 2016-03-31	14,382	USD	275
2015-01-01 to 2015-03-31	3,875	USD	90
2014-07-01 to 2015-03-31	11,666	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 2016-03-31	6,793,454	USD
At 2015-06-30	5,686,764	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 2016-03-31	114,450	USD
At 2015-06-30	0	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 2016-03-31	5,503,938	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 2016-03-31	20,147	USD	275
2014-07-01 to 2015-03-31	50,605	USD	274

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
2016-01-01 to 2016-03-31	1,695,400	USD	91
2015-07-01 to 2016-03-31	5,305,411	USD	275
2015-01-01 to 2015-03-31	1,684,157	USD	90
2014-07-01 to 2015-03-31	4,780,291	USD	274

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
2016-01-01 to 2016-03-31	1,765,014	USD	91
2015-07-01 to 2016-03-31	4,915,663	USD	275
2015-01-01 to 2015-03-31	1,703,467	USD	90
2014-07-01 to 2015-03-31	4,713,024	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
2016-01-01 to 2016-03-31	1,665,090	USD	91
2015-07-01 to 2016-03-31	5,244,267	USD	275
2015-01-01 to 2015-03-31	1,659,152	USD	90
2014-07-01 to 2015-03-31	4,622,406	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 2016-03-31	18,582,860	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 2016-03-31	16,719,637	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 2016-03-31	-41,313	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 2016-03-31	629,693	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 2016-03-31	133,562	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
2016-01-01 to 2016-03-31	37,586	USD	91
2015-07-01 to 2016-03-31	-422,359	USD	275
2015-01-01 to 2015-03-31	15,710	USD	90
2014-07-01 to 2015-03-31	-78,035	USD	274

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
2016-01-01 to 2016-03-31	32,376	USD	91
2015-07-01 to 2016-03-31	-444,869	USD	275
2015-01-01 to 2015-03-31	-1,816	USD	90
2014-07-01 to 2015-03-31	1,050,023	USD	274

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
2016-01-01 to 2016-03-31	25,773	USD	91
2015-07-01 to 2016-03-31	-456,835	USD	275
2015-01-01 to 2015-03-31	-2,778	USD	90
2014-07-01 to 2015-03-31	1,042,367	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
2015-07-01 to 2016-03-31	61,145	USD	275
2014-07-01 to 2015-03-31	157,885	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
2016-01-01 to 2016-03-31	-25,639	USD	91
2015-07-01 to 2016-03-31	-18,229	USD	275
2015-01-01 to 2015-03-31	275	USD	90
2014-07-01 to 2015-03-31	898	USD	274

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
2016-01-01 to 2016-03-31	-32,028	USD	91
2015-07-01 to 2016-03-31	-32,611	USD	275
2015-01-01 to 2015-03-31	-3,600	USD	90
2014-07-01 to 2015-03-31	-10,768	USD	274

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 2016-03-31	614,001	USD	275
2014-07-01 to 2015-03-31	1,601,375	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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