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Midas Edge

RETRACTABLE TECHNOLOGIES INC

For the period ended Jun 30, 2024. Filed Aug 14, 2024.

View on SEC.gov

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2024 · Filed Aug 14, 2024

RVP$0.56-1.0%Stored close · as of Nov 9, 2026

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

See the whole filing, with its images and exhibits
Contents

CONDENSED BALANCE SHEETS

​​​​​​​
​June 30, 2024December 31, 2023
ASSETS​​​​​​
Current assets:​​​​​​
Cash and cash equivalents​$6,853,067​$12,667,550
Accounts receivable, net​4,690,228​10,671,721
Investments in debt and equity securities, at fair value​​35,051,499​​34,621,213
Inventories​22,018,265​17,581,368
Income taxes receivable​​1,078,117​​1,155,077
Other current assets​877,335​952,668
Total current assets​70,568,511​77,649,597
​​​​​​​
Property, plant, and equipment, net​90,049,927​93,478,521
Deferred tax asset​​—​​8,392,030
Other assets​125,982​152,064
Total assets​$160,744,420​$179,672,212
​​​​​​​
LIABILITIES AND STOCKHOLDERS’ EQUITY​​​​​​
Current liabilities:​​​​​​
Accounts payable​$3,114,068​$4,779,035
Current portion of long-term debt​317,991​303,991
Accrued compensation​936,137​865,105
Dividends payable​1,417,437​1,417,437
Accrued royalties to shareholder​596,203​1,376,555
Other accrued liabilities​1,037,693​630,571
Income taxes payable​3,311​4,802
Total current liabilities​7,422,840​9,377,496
​​​​​​​
Other long-term liabilities​​66,813,843​​69,773,538
Long-term debt, net of current maturities​1,070,556​1,233,519
Total liabilities​75,307,239​80,384,553
​​​​​​​
Commitments and contingencies – see Note 10​​​​​​
​​​​​​​
Stockholders’ equity:​​​​​​
Preferred stock, $1 par value:​​​​​​
Class B; authorized: 5,000,000 shares​​​​​​
Series II, Class B​156,200​156,200
Series III, Class B​74,245​74,245
Common Stock, no par value​—​—
Additional paid-in capital​73,160,333​73,160,333
Retained earnings​24,935,081​38,785,559
Common stock in treasury – at cost​​(12,888,678)​​(12,888,678)
Total stockholders’ equity​85,437,181​99,287,659
Total liabilities and stockholders’ equity​$160,744,420​$179,672,212
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.