RESEARCH FRONTIERS INC

For the period ended Dec 31, 2023. Filed Mar 7, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Mar 7, 2024

REFR$0.37-8.1%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Consolidated Balance Sheets, December 31, 2023 and 2022

December 31, 2023 and 2022

	December 31, 2023	December 31, 2022
Assets
Current assets:
Cash and cash equivalents	$2,475,958	$4,230,916
Royalties receivable, net of reserves of $1,253,450 in 2023 and $1,158,450 in 2022	1,003,404	589,599
Prepaid expenses and other current assets	96,784	100,973
Total current assets	3,576,146	4,921,488
Fixed assets, net	39,598	65,388
Operating lease ROU assets	178,715	323,509
Deposits and other assets	56,066	56,066
Total assets	$3,850,525	$5,366,451
Liabilities and Shareholders’ Equity
Current liabilities:
Current portion of operating lease liability	$212,359	$196,405
Accounts payable	50,880	71,079
Accrued expenses and other	14,192	34,379
Total current liabilities	277,431	301,863
Operating lease liability, net of current portion	55,363	267,723
Total liabilities	332,794	569,586
Shareholders’ equity:
Common stock, par value $0.0001 per share; authorized 100,000,000 shares, issued and outstanding 33,509,287 in 2023 and 33,150,396 in 2022	3,351	3,315
Additional paid-in capital	127,779,221	127,150,027
Accumulated deficit	(124,264,841)	(122,356,477)
Total shareholders’ equity	3,517,731	4,796,865
Total liabilities and shareholders’ equity	$3,850,525	$5,366,451

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.