RETRACTABLE TECHNOLOGIES INC
For the period ended Sep 30, 2024. Filed Nov 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.
Sep 30, 2024 · Filed Nov 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
| | | | | | | | |
|---|---|---|---|---|---|---|---|
| · · Nine Months · · Nine Months · | |||||||
| · · Ended · · Ended · | |||||||
| · September 30, 2024 · September 30, 2023 · | |||||||
| Cash flows from operating activities | | | | | | | |
| Net loss | | $(15,657,246) | | $(6,938,090) | | ||
| Adjustments to reconcile net loss to net cash from operating activities: | | | | | | | |
| Depreciation and amortization | | 5,683,496 | | 5,826,203 | | ||
| Net unrealized (gain) loss on investments | | | (1,402,660) | | | 11,298,207 | |
| Realized gain on investments | | | — | | | (5,574,791) | |
| Accreted interest | | | — | | | 9,157 | |
| Bond amortization | | | (763) | | | — | |
| Deferred taxes | | | 8,392,030 | | | (2,014,939) | |
| Provision for credit losses | | 414,598 | | 452,547 | | ||
| Net realizable value inventory adjustment | | | (9,466) | | | 172,203 | |
| Other income - TIA | | | (4,429,383) | | | (4,479,773) | |
| (Increase) decrease in operating assets: | | | | | | | |
| Accounts receivable | | 1,582,349 | | (3,797,674) | | ||
| Inventories | | (3,710,174) | | (1,954,988) | | ||
| Other current assets | | (16,281) | | 167,166 | | ||
| Income taxes receivable | | | 43,226 | | | 9,475,906 | |
| Other assets | | | 37,261 | | | 25,008 | |
| Increase (decrease) in operating liabilities: | | | | | | | |
| Accounts payable | | (1,527,704) | | (3,011,574) | | ||
| Accrued liabilities | | 147,356 | | 1,241,700 | | ||
| Income taxes payable | | 1,062 | | (23,263) | | ||
| Net cash from (used) operating activities | | (10,452,299) | | 873,005 | | ||
| | | | | | | | |
| Cash flows from investing activities | | | | | | | |
| Purchase of property, plant, and equipment | | (1,141,885) | | (699,283) | | ||
| Purchase of debt and equity securities | | | (757,683) | | | (68,287,428) | |
| Proceeds from the sales of debt and equity securities | | | 4,000,000 | | | 58,572,186 | |
| Net cash from (used) investing activities | | 2,100,432 | | (10,414,525) | | ||
| | | | | | | | |
| Cash flows from financing activities | | | | | | | |
| Repayments of long-term debt | | (225,605) | | (209,789) | | ||
| Proceeds from Technology Investment Agreement (TIA) | | | — | | | 2,563,229 | |
| Payment of preferred stock repurchase payable | | | — | | | (1,101,110) | |
| Payment of preferred stock dividends | | (172,832) | | (174,333) | | ||
| Net cash from (used) financing activities | | (398,437) | | 1,077,997 | | ||
| | | | | | | | |
| Net decrease in cash and cash equivalents | | (8,750,304) | | (8,463,523) | | ||
| Cash and cash equivalents at: | | | | | | | |
| Beginning of period | | 12,667,550 | | 19,721,345 | | ||
| End of period | | $3,917,246 | | $11,257,822 | | ||
| | | | | | | | |
| Supplemental schedule of cash flow information: | | | | | | | |
| Interest paid | | $94,691 | | $71,867 | | ||
| Income taxes paid | | $— | | | — | | |
| | | | | | | | |
| Supplemental schedule of noncash investing and financing activities: | | | | | | | |
| Preferred dividends declared, not paid | | $57,611 | | $57,611 | | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.