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Midas Edge

RETRACTABLE TECHNOLOGIES INC

For the period ended Dec 31, 2023. Filed Mar 29, 2024.

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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 29, 2024

RVP$0.55-1.1%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

Balance Sheets as of December 31, 2023 and 2022

BALANCE SHEETS

​​​​​​​
​December 31, 2023December 31, 2022
ASSETS​​​​​​
Current assets:​​​​​​
Cash and cash equivalents​$12,667,550​$19,721,345
Accounts receivable, net​10,671,721​4,835,119
Receivable from Technology Investment Agreement (TIA)​​—​​2,025,413
Investments in debt and equity securities, at fair value​​34,621,213​​29,657,314
Inventories​17,581,368​20,684,168
Income taxes receivable​​1,155,077​​10,619,835
Other current assets​952,668​1,266,516
Total current assets​77,649,597​88,809,710
​​​​​​​
Property, plant, and equipment, net​93,478,521​100,152,768
Deferred tax asset​​8,392,030​​6,518,663
Other assets​152,064​184,524
Total assets​$179,672,212​$195,665,665
​​​​​​​
LIABILITIES AND STOCKHOLDERS’ EQUITY​​​​​​
Current liabilities:​​​​​​
Accounts payable​$4,779,035​$6,404,925
Current portion of long-term debt​303,991​285,954
Accrued compensation​865,105​997,530
Dividends payable​1,417,437​1,417,937
Accrued royalties to shareholder​1,376,555​973,701
Other accrued liabilities​630,571​1,992,144
Income taxes payable​4,802​63,631
Total current liabilities​9,377,496​12,135,822
​​​​​​​
Other long-term liabilities​​69,773,538​​75,459,612
Long-term debt, net of current maturities​1,233,519​1,533,422
Total liabilities​80,384,553​89,128,856
​​​​​​​
Commitments and contingencies – see Note 10​​​​​​
​​​​​​​
Stockholders’ equity:​​​​​​
Preferred stock, $1 par value:​​​​​​
Class B; authorized: 5,000,000 shares​​​​​​
Series II, Class B convertible; 156,200 shares outstanding at December 31, 2023 and 2022 (liquidation preference of $1,952,500)​156,200​156,200
Series III, Class B convertible; 74,245 and 76,245 shares outstanding at December 31, 2023 and 2022, respectively (liquidation preference of $928,063 and $953,063, respectively)​74,245​76,245
Common Stock, no par value; authorized: 100,000,000 shares; 34,024,304 shares issued and 29,937,159 shares outstanding at December 31, 2023 and 2022​—​—
Additional paid-in capital​73,160,333​73,164,501
Retained earnings​38,785,559​46,028,541
Common stock in treasury – at cost (4,087,145 shares at December 31, 2023 and 2022)​​(12,888,678)​​(12,888,678)
Total stockholders’ equity​99,287,659​106,536,809
Total liabilities and stockholders’ equity​$179,672,212​$195,665,665
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.