RETRACTABLE TECHNOLOGIES INC
For the period ended Jun 30, 2024. Filed Aug 14, 2024.
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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$0.55-1.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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CONDENSED STATEMENTS OF CASH FLOWS
| | | | | | | | |
|---|---|---|---|---|---|---|---|
| · · Six Months · · Six Months · | |||||||
| · · Ended · · Ended · | |||||||
| · June 30, 2024 · June 30, 2023 · | |||||||
| Cash flows from operating activities | | | | | | | |
| Net loss | | $(13,735,256) | | $(2,877,596) | | ||
| Adjustments to reconcile net loss to net cash from operating activities: | | | | | | | |
| Depreciation and amortization | | 3,776,694 | | 3,884,970 | | ||
| Net unrealized loss on investments | | | 47,165 | | | 4,759,639 | |
| Realized gain on investments | | | — | | | (5,574,791) | |
| Accreted interest | | | — | | | 9,157 | |
| Bond amortization | | | (505) | | | — | |
| Deferred taxes | | | 8,392,031 | | | (701,205) | |
| Provision for credit losses | | 427,487 | | 370,573 | | ||
| Net realizable value inventory adjustment | | | 1,872 | | | 143,290 | |
| Other income - TIA | | | (2,959,695) | | | (3,031,798) | |
| (Increase) decrease in operating assets: | | | | | | | |
| Accounts receivable | | 5,554,005 | | (2,758,677) | | ||
| Inventories | | (4,438,769) | | (373,901) | | ||
| Other current assets | | 75,333 | | (35,220) | | ||
| Income taxes receivable | | | 76,960 | | | 1,424,723 | |
| Other assets | | | 26,082 | | | 13,830 | |
| Increase (decrease) in operating liabilities: | | | | | | | |
| Accounts payable | | (1,664,967) | | (2,823,502) | | ||
| Accrued liabilities | | (302,198) | | 700,711 | | ||
| Income taxes payable | | (1,491) | | (58,396) | | ||
| Net cash used by operating activities | | (4,725,252) | | (6,928,193) | | ||
| | | | | | | | |
| Cash flows from investing activities | | | | | | | |
| Purchase of property, plant, and equipment | | (348,100) | | (556,385) | | ||
| Purchase of debt and equity securities | | | (476,946) | | | (43,868,141) | |
| Proceeds from the sales of debt and equity securities | | | — | | | 34,567,513 | |
| Net cash used by investing activities | | (825,046) | | (9,857,013) | | ||
| | | | | | | | |
| Cash flows from financing activities | | | | | | | |
| Repayments of long-term debt | | (148,963) | | (139,146) | | ||
| Proceeds from Technology Investment Agreement (TIA) | | | — | | | 2,563,229 | |
| Payment of preferred stock repurchase payable | | | — | | | (1,101,110) | |
| Payment of preferred stock dividends | | (115,222) | | (116,223) | | ||
| Net cash provided (used) by financing activities | | (264,185) | | 1,206,750 | | ||
| | | | | | | | |
| Net decrease in cash and cash equivalents | | (5,814,483) | | (15,578,456) | | ||
| Cash and cash equivalents at: | | | | | | | |
| Beginning of period | | 12,667,550 | | 19,721,345 | | ||
| End of period | | $6,853,067 | | $4,142,889 | | ||
| | | | | | | | |
| Supplemental schedule of cash flow information: | | | | | | | |
| Interest paid | | $65,300 | | $28,312 | | ||
| Income taxes paid (received) | | $(71,318) | | $— | | ||
| | | | | | | | |
| Supplemental schedule of noncash investing and financing activities: | | | | | | | |
| Preferred dividends declared, not paid | | $57,611 | | $— | | ||
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