RESEARCH SOLUTIONS, INC.: 10-Q filed 2021-05-13

Name: RESEARCH SOLUTIONS, INC.: 10-Q filed 2021-05-13
Creator: RESEARCH SOLUTIONS, INC.

What RESEARCH SOLUTIONS, INC. reported in its quarterly report filed 2021-05-13 (fiscal Q3 2021): 38 published measures, 109 facts as tagged in accession 0001558370-21-007086.

This filing

Form: 10-Q (quarterly report)
Filed: 2021-05-13
Fiscal period: fiscal Q3 2021
Accession: 0001558370-21-007086 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 2021-03-31	17,323,427	USD
At 2020-06-30	14,812,692	USD

Stockholders equity

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

Period	Value	Unit
At 2021-03-31	5,163,635	USD
At 2020-12-31	5,194,550	USD
At 2020-06-30	4,859,014	USD
At 2020-03-31	4,768,335	USD
At 2019-12-31	2,822,991	USD
At 2019-06-30	3,031,715	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	Days
At 2021-03-31	11,233,562	USD
At 2020-06-30	9,311,556	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
2021-01-01 to 2021-03-31	49,748	USD	90
2020-07-01 to 2021-03-31	-196,213	USD	274
2020-01-01 to 2020-03-31	11,946	USD	91
2019-07-01 to 2020-03-31	-661,683	USD	275

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
2020-07-01 to 2021-03-31	2,220,056	USD	274
2019-07-01 to 2020-03-31	1,304,131	USD	275

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
2020-07-01 to 2021-03-31	11,853	USD	274
2019-07-01 to 2020-03-31	0	USD	275

Contract revenue excluding tax

Revenue from customer contracts excluding assessed taxes under this specific taxonomy concept. It is not automatically comparable to older revenue tags.

Period	Value	Unit	Days
2021-01-01 to 2021-03-31	8,340,532	USD	90
2020-07-01 to 2021-03-31	23,538,692	USD	274
2020-01-01 to 2020-03-31	8,047,406	USD	91
2019-07-01 to 2020-03-31	23,172,957	USD	275

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
2020-07-01 to 2021-03-31	-288,598	USD	274
2019-07-01 to 2020-03-31	1,606,463	USD	275

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
2020-07-01 to 2021-03-31	-11,853	USD	274
2019-07-01 to 2020-03-31	0	USD	275

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 2021-03-31	-21,373,012	USD
At 2020-06-30	-21,176,799	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
2021-01-01 to 2021-03-31	26,027,665	shares	90
2020-07-01 to 2021-03-31	25,966,072	shares	274
2020-01-01 to 2020-03-31	24,960,394	shares	91
2019-07-01 to 2020-03-31	24,411,888	shares	275

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
2021-01-01 to 2021-03-31	26,565,892	shares	90
2020-07-01 to 2021-03-31	25,966,072	shares	274
2020-01-01 to 2020-03-31	25,717,403	shares	91
2019-07-01 to 2020-03-31	24,411,888	shares	275

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
2021-01-01 to 2021-03-31	0	USD/shares	90
2020-07-01 to 2021-03-31	-0.01	USD/shares	274
2020-01-01 to 2020-03-31	0	USD/shares	91
2019-07-01 to 2020-03-31	-0.03	USD/shares	275

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
2021-01-01 to 2021-03-31	0	USD/shares	90
2020-07-01 to 2021-03-31	-0.01	USD/shares	274
2020-01-01 to 2020-03-31	0	USD/shares	91
2019-07-01 to 2020-03-31	-0.03	USD/shares	275

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
2021-01-01 to 2021-03-31	572	USD	90
2020-07-01 to 2021-03-31	3,077	USD	274
2020-01-01 to 2020-03-31	561	USD	91
2019-07-01 to 2020-03-31	7,861	USD	275

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 2021-03-31	15,165	USD
At 2020-06-30	11,276	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
2021-01-01 to 2021-03-31	50,070	USD	90
2020-07-01 to 2021-03-31	-194,020	USD	274
2020-01-01 to 2020-03-31	-11,155	USD	91
2019-07-01 to 2020-03-31	-847,005	USD	275

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 2021-03-31	17,307,384	USD
At 2020-06-30	14,722,930	USD

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 2021-03-31	12,159,792	USD
At 2020-06-30	9,953,678	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 2021-03-31	5,013,089	USD
At 2020-06-30	4,449,260	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
2020-07-01 to 2021-03-31	150,386	USD	274
2019-07-01 to 2020-03-31	268,537	USD	275

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
2021-01-01 to 2021-03-31	2,652,570	USD	90
2020-07-01 to 2021-03-31	7,737,818	USD	274
2020-01-01 to 2020-03-31	2,550,169	USD	91
2019-07-01 to 2020-03-31	7,976,354	USD	275

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
2021-01-01 to 2021-03-31	2,702,640	USD	90
2020-07-01 to 2021-03-31	7,543,798	USD	274
2020-01-01 to 2020-03-31	2,539,014	USD	91
2019-07-01 to 2020-03-31	7,129,349	USD	275

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
2021-01-01 to 2021-03-31	2,650,504	USD	90
2020-07-01 to 2021-03-31	7,728,990	USD	274
2020-01-01 to 2020-03-31	2,544,659	USD	91
2019-07-01 to 2020-03-31	7,956,446	USD	275

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 2021-03-31	26,352,008	shares
At 2020-06-30	26,032,263	shares

Cash including restricted cash

Cash, cash equivalents and restricted cash as reported in the cash flow reconciliation. Restricted amounts are not freely available, so this is not the same as unrestricted cash.

Period	Value	Unit
At 2021-03-31	11,233,562	USD
At 2020-06-30	9,311,556	USD
At 2020-03-31	8,249,260	USD
At 2019-06-30	5,353,090	USD

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 2021-03-31	26,631,985	USD
At 2020-06-30	26,134,819	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 2021-03-31	-121,690	USD
At 2020-06-30	-125,038	USD

Operating lease liability

Present value of remaining operating lease payments. Discount-rate choices and lease terms affect the amount; it is not the sum of undiscounted future rent.

Period	Value	Unit	Days
At 2021-03-31	0	USD
At 2020-06-30	79,326	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 2021-03-31	819,607	USD
At 2020-06-30	804,999	USD

Other noncurrent assets

Noncurrent assets the filer does not present separately. The composition differs by filer and is described only in the filing.

Period	Value	Unit	Days
At 2021-03-31	0	USD
At 2020-06-30	72,331	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 2021-03-31	317,220	USD
At 2020-06-30	241,747	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
2021-01-01 to 2021-03-31	50,320	USD	90
2020-07-01 to 2021-03-31	-193,136	USD	274
2020-01-01 to 2020-03-31	12,507	USD	91
2019-07-01 to 2020-03-31	-771,267	USD	275

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
2021-01-01 to 2021-03-31	46,415	USD	90
2020-07-01 to 2021-03-31	-192,865	USD	274
2020-01-01 to 2020-03-31	-2,731	USD	91
2019-07-01 to 2020-03-31	-678,385	USD	275

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
2020-07-01 to 2021-03-31	8,828	USD	274
2019-07-01 to 2020-03-31	19,908	USD	275

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
2021-01-01 to 2021-03-31	250	USD	90
2020-07-01 to 2021-03-31	884	USD	274
2020-01-01 to 2020-03-31	23,662	USD	91
2019-07-01 to 2020-03-31	75,738	USD	275

Operating lease payments

Cash paid for operating lease liabilities during the period. It differs from lease expense recognized and excludes variable payments in some presentations.

Period	Value	Unit	Days
2020-07-01 to 2021-03-31	79,326	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
2020-07-01 to 2021-03-31	563,829	USD	274
2019-07-01 to 2020-03-31	618,324	USD	275

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

Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

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print(record["policy"])
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