Research Solutions Inc
For the period ended May 9, 2024. Filed May 9, 2024.
View on SEC.govAbout this filing
A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.
May 9, 2024 · Filed May 9, 2024
Use the contents to explore the available documents and sections.
RSSS$1.820.0%Stored close · as of Nov 6, 2026
Contents
EX-99.1 · Consolidated Balance Sheets
Consolidated Balance Sheets
| March 31, | ||
|---|---|---|
| 2024 | June 30, | |
| (unaudited) | 2023 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $4,221,424 | $13,545,333 |
| Accounts receivable, net of allowance of $103,319 and $85,015, respectively | 7,323,379 | 6,153,063 |
| Prepaid expenses and other current assets | 635,000 | 400,340 |
| Prepaid royalties | 1,004,790 | 1,202,678 |
| Total current assets | 13,184,593 | 21,301,414 |
| Non-current assets: | ||
| Property and equipment, net of accumulated depreciation of $920,918 and $881,908, respectively | 94,078 | 70,193 |
| Intangible assets, net of accumulated amortization of $1,237,311 and $747,355, respectively ($10,527,713 provisional) | 11,029,679 | 462,068 |
| Goodwill (provisional) | 16,493,763 | — |
| Deposits and other assets | 1,086 | 1,052 |
| Total assets | $40,803,199 | $21,834,727 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable and accrued expenses | $9,011,868 | $8,079,516 |
| Deferred revenue | 8,870,316 | 6,424,724 |
| Total current liabilities | 17,882,184 | 14,504,240 |
| Non-current liabilities: | ||
| Contingent earnout liability | 8,792,756 | — |
| Total liabilities | 26,674,940 | 14,504,240 |
| Commitments and contingencies | ||
| Stockholders’ equity: | ||
| Preferred stock; $0.001 par value; 20,000,000 shares authorized; no shares issued and outstanding | — | — |
| Common stock; $0.001 par value; 100,000,000 shares authorized; 32,281,424 and 29,487,508 shares issued and outstanding, respectively | 32,281 | 29,487 |
| Additional paid-in capital | 37,695,960 | 29,941,873 |
| Accumulated deficit | (23,488,019) | (22,522,649) |
| Accumulated other comprehensive loss | (111,963) | (118,224) |
| Total stockholders’ equity | 14,128,259 | 7,330,487 |
| Total liabilities and stockholders’ equity | $40,803,199 | $21,834,727 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.