Income Statement Reflect Scientific, Inc.

Stocks

RSCF

US75866F1012

Medical Equipment, Supplies & Distribution

Market Closed - OTC Markets 22:43:03 15/09/2026 +03			5-day change	1st Jan Change
0.0475 ^USD	+15.85%		+13.10%	-10.04%

09-15	Reflect Scientific Announces Liquid Nitrogen Cooling Technology For AI Data Center Applications	CI
29/09/25	Reflect Scientific secures over $1 million in follow-on orders for B-90 Blast Freezer	RE

105d4327.p7QyGnqcp7UNiANVriJjVfa9nWvKK1QGq_whBjolIKc.lOJWagv_wuZSsEY4-lAAO4Tc8AqOWy1O87IYN3lJd_T0115YE6jT5UfrMw

Published financial data: REFLECT SCIENTIFIC, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019 (USD)	2020 (USD)	2021 (USD)	2022 (USD)	2023 (USD)
Revenues	1.61M	2.79M	2.81M	2.04M	1.08M
Total Revenues	1.61M	2.79M	2.81M	2.04M	1.08M
Cost of Goods Sold, Total	618K	1.07M	884K	822K	484K
Gross Profit	992K	1.72M	1.93M	1.22M	596K
Selling General & Admin Expenses, Total	976K	885K	1.04M	1.06M	1.03M
R&D Expenses	210K	185K	58.34K	73.42K	29.54K
Other Operating Expenses, Total	1.19M	1.07M	1.1M	1.13M	1.06M
Operating Income	-195K	651K	828K	90.1K	-467K
Interest Expense, Total	-755	-890	-	-	-
Interest And Investment Income	-	-	-	-	8.56K
Net Interest Expenses	-755	-890	-	-	8.56K
Other Non Operating Income (Expenses)	-	10K	-	-	-
EBT, Excl. Unusual Items	-196K	660K	828K	90.1K	-459K
Other Unusual Items	-	-	111K	-	-
EBT, Incl. Unusual Items	-196K	660K	939K	90.1K	-459K
Income Tax Expense	-	-	-	702	312
Earnings From Continuing Operations	-196K	660K	939K	89.4K	-459K
Net Income to Company	-196K	660K	939K	89.4K	-459K
Net Income - (IS)	-196K	660K	939K	89.4K	-459K
Net Income to Common Incl Extra Items	-196K	660K	939K	89.4K	-459K
Net Income to Common Excl. Extra Items	-196K	660K	939K	89.4K	-459K
Per Share Items
Net EPS - Basic	-0	0.01	0.01	0	-0.01
Basic EPS - Continuing Operations	-0	0.01	0.01	0	-0.01
Basic Weighted Average Shares Outstanding	79.12M	84.74M	84.74M	84.99M	85.22M
Net EPS - Diluted	-0	0.01	0.01	0	-0.01
Diluted EPS - Continuing Operations	-0	0.01	0.01	0	-0.01
Diluted Weighted Average Shares Outstanding	79.12M	84.74M	84.74M	85.44M	85.22M
Normalized Basic EPS	-0	0	0.01	0	-0
Normalized Diluted EPS	-0	0	0.01	0	-0
Supplemental Items
EBITDA	-191K	655K	832K	-	-
EBITA	-195K	651K	828K	90.1K	-467K
EBIT	-195K	651K	828K	90.1K	-467K
EBITDAR	-142K	703K	899K	-	-
Effective Tax Rate - (Ratio)	-	-	-	0.78	-0.07
Current Domestic Taxes	-	-	-	-	312
Total Current Taxes	-	-	-	-	312
Normalized Net Income	-122K	413K	517K	56.31K	-287K
Supplemental Operating Expense Items
Advertising Expense	53.39K	22.18K	21.97K	77.31K	45.83K
Selling and Marketing Expenses	-	-	-	-	-
General and Administrative Expenses	408K	350K	436K	420K	389K
Research And Development Expense From Footnotes	210K	185K	58.34K	73.42K	29.54K
Net Rental Expense, Total	48.91K	48.52K	67.23K	67.32K	88.44K
Imputed Operating Lease Interest Expense	7.62K	1.99K	-	-	-
Imputed Operating Lease Depreciation	41.28K	46.53K	-	-	-
Stock-Based Comp., SG&A Exp. (Total)	200K	-	-	-	55K
Stock-Based Comp., Other (Total)	30.75K	-	27.5K	27.5K	-
Total Stock-Based Compensation	231K	-	27.5K	27.5K	55K

Fiscal Period: December	2019 (USD)	2020 (USD)	2021 (USD)	2022 (USD)	2023 (USD)
Assets
Cash And Equivalents	555K	643K	1.47M	1.38M	1.28M
Total Cash And Short Term Investments	555K	643K	1.47M	1.38M	1.28M
Accounts Receivable, Total	118K	340K	176K	129K	108K
Total Receivables	118K	340K	176K	129K	108K
Inventory	253K	439K	624K	797K	972K
Prepaid Expenses	27.48K	24.13K	31.31K	20.22K	11.72K
Total Current Assets	954K	1.45M	2.31M	2.33M	2.37M
Gross Property Plant And Equipment	216K	-	-	-	-
Accumulated Depreciation	-154K	-	-	-	-
Net Property Plant And Equipment	61.74K	168K	110K	54.26K	236K
Goodwill	60K	60K	60K	60K	60K
Other Intangibles, Total	-	-	-	-	-
Other Long-Term Assets, Total	3.1K	3.1K	3.1K	3.1K	3.1K
Total Assets	1.08M	1.68M	2.48M	2.45M	2.67M
Liabilities
Accounts Payable, Total	109K	70.21K	66.84K	78.97K	56.93K
Accrued Expenses, Total	-	-	-	-	-
Short-term Borrowings	8.74K	-	-	-	-
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	46.32K	58.68K	56.45K	57.39K	62.68K
Current Income Taxes Payable	100	100	-	-	-
Unearned Revenue Current, Total	349K	114K	119K	13.23K	447K
Other Current Liabilities	-	-10	-	-	29.31K
Total Current Liabilities	513K	243K	242K	150K	596K
Long-Term Debt	-	111K	-	-	-
Long-Term Leases	12.55K	110K	57.39K	-	180K
Other Non Current Liabilities	-	-500	-	-	-
Total Liabilities	526K	463K	299K	150K	776K
Common Stock, Total	847K	847K	850K	852K	857K
Additional Paid In Capital	20.2M	20.2M	20.23M	20.25M	20.3M
Retained Earnings	-20.5M	-19.84M	-18.9M	-18.81M	-19.27M
Total Common Equity	553K	1.21M	2.18M	2.3M	1.89M
Total Equity	553K	1.21M	2.18M	2.3M	1.89M
Total Liabilities And Equity	1.08M	1.68M	2.48M	2.45M	2.67M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	84.74M	84.74M	84.99M	85.21M	85.66M
ECS Total Common Shares Outstanding	84.74M	84.74M	84.99M	85.21M	85.66M
Book Value / Share	0.01	0.01	0.03	0.03	0.02
Tangible Book Value	493K	1.15M	2.12M	2.24M	1.83M
Tangible Book Value Per Share	0.01	0.01	0.02	0.03	0.02
Total Debt	67.61K	280K	114K	57.39K	243K
Net Debt	-488K	-363K	-1.36M	-1.32M	-1.04M
Debt Equivalent Oper. Leases	391K	388K	538K	539K	707K
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	125K	203K	388K	527K	585K
Inventories - Finished Goods, Total	215K	341K	343K	376K	494K
Machinery, Total	148K	-	-	-	-
Full Time Employees	7	7	7	7	7
Part Time Employees	6	4	2	2	1
Accumulated Allowance for Doubtful Accounts (Supple)	4K	4K	-	-	4K

Fiscal Period: December	2019 (USD)	2020 (USD)	2021 (USD)	2022 (USD)	2023 (USD)
Net Income	-196K	660K	939K	89.4K	-459K
Depreciation & Amortization - CF	3.98K	62.34K	57.16K	56.22K	61.49K
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	-
Depreciation & Amortization, Total	3.98K	62.34K	57.16K	56.22K	61.49K
Stock-Based Compensation (CF)	231K	-	27.5K	27.5K	55K
Other Operating Activities, Total	-	-10K	-111K	-	-
Change In Accounts Receivable	37.09K	-222K	165K	46.32K	21.14K
Change In Inventories	-111K	-186K	-186K	-173K	-175K
Change In Accounts Payable	56.16K	-38.4K	-3.54K	12.13K	7.27K
Change in Unearned Revenues	337K	-236K	4.92K	-105K	434K
Change in Other Net Operating Assets	-23.05K	-55.75K	-61.35K	-45.36K	-49.12K
Cash from Operations	336K	-25.22K	831K	-92K	-104K
Capital Expenditure	-	-	-	-	-
Cash from Investing	-	-	-	-	-
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	-	111K	-	-	-
Total Debt Issued	-	111K	-	-	-
Short Term Debt Repaid, Total	-1.14K	-8.74K	-	-	-
Total Debt Repaid	-1.14K	-8.74K	-	-	-
Other Financing Activities, Total	-	10K	-	-	-
Cash from Financing	-1.14K	113K	-	-	-
Net Change in Cash	335K	87.39K	831K	-92K	-104K
Supplemental Items
Cash Interest Paid	588	132	-	-	-
Cash Income Tax Paid (Refund)	-	-	100	-	-
Levered Free Cash Flow	408K	-210K	575K	-68.64K	121K
Unlevered Free Cash Flow	409K	-209K	575K	-68.64K	121K
Change In Net Working Capital	-296K	679K	26.82K	209K	-296K
Net Debt Issued / Repaid	-1.14K	103K	-	-	-

Fiscal Period: December	2019 (USD)	2020 (USD)	2021 (USD)	2022 (USD)	2023 (USD)
Profitability
Return on Assets	-14.57	29.53	24.9	2.29	-11.42
Return on Total Capital	-21.21	38.5	27.33	2.42	-13.01
Return On Equity %	-36.53	74.75	55.36	3.99	-21.91
Return on Common Equity	-36.53	74.75	55.36	3.99	-21.91
Margin Analysis
Gross Profit Margin %	61.62	61.64	68.59	59.72	55.22
SG&A Margin	60.68	31.69	37.11	51.71	95.74
EBITDA Margin %	-11.86	23.45	29.54	-	-
EBITA Margin %	-12.11	23.31	29.41	4.41	-43.26
EBIT Margin %	-12.11	23.31	29.41	4.41	-43.26
Income From Continuing Operations Margin %	-12.15	23.64	33.36	4.38	-42.5
Net Income Margin %	-12.15	23.64	33.36	4.38	-42.5
Net Avail. For Common Margin %	-12.15	23.64	33.36	4.38	-42.5
Normalized Net Income Margin	-7.6	14.77	18.38	2.76	-26.54
Levered Free Cash Flow Margin	25.37	-7.52	20.44	-3.36	11.17
Unlevered Free Cash Flow Margin	25.4	-7.5	20.44	-3.36	11.17
Asset Turnover
Asset Turnover	1.93	2.03	1.35	0.83	0.42
Fixed Assets Turnover	46.31	24.35	20.24	24.78	7.45
Receivables Turnover (Average Receivables)	11.75	12.17	10.91	13.39	9.1
Inventory Turnover (Average Inventory)	3.13	3.1	1.66	1.16	0.55
Short Term Liquidity
Current Ratio	1.86	5.96	9.53	15.57	3.97
Quick Ratio	1.31	4.05	6.82	10.1	2.32
Operating Cash Flow to Current Liabilities	0.65	-0.1	3.44	-0.61	-0.17
Days Sales Outstanding (Average Receivables)	31.07	30.07	33.46	27.27	40.13
Days Outstanding Inventory (Average Inventory)	116.77	118.11	219.46	315.62	667.64
Average Days Payable Outstanding	40.37	26.03	23.37	26.74	31.02
Cash Conversion Cycle (Average Days)	107.48	122.15	229.54	316.14	676.76
Long Term Solvency
Total Debt/Equity	12.22	23.07	5.22	2.5	12.82
Total Debt / Total Capital	10.89	18.74	4.96	2.44	11.36
LT Debt/Equity	2.27	18.23	2.63	-	9.51
Long-Term Debt / Total Capital	2.02	14.81	2.5	-	8.43
Total Liabilities / Total Assets	48.74	27.64	12.07	6.12	29.09
EBIT / Interest Expense	-258.06	731.47	-	-	-
EBITDA / Interest Expense	-188.01	790.23	-	-	-
(EBITDA - Capex) / Interest Expense	-188.01	790.23	-	-	-
Total Debt / EBITDA	-0.48	0.4	0.13	0.36	-0.64
Net Debt / EBITDA	3.43	-0.52	-1.51	-8.41	2.73
Total Debt / (EBITDA - Capex)	-0.48	0.4	0.13	0.36	-0.64
Net Debt / (EBITDA - Capex)	3.43	-0.52	-1.51	-8.41	2.73
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	3.69	73.54	0.79	-27.48	-47.08
Gross Profit, 1 Yr. Growth %	-6.87	73.58	12.16	-36.85	-51.08
EBITDA, 1 Yr. Growth %	-22.38	-443.09	27	-	-
EBITA, 1 Yr. Growth %	-21.71	-434.13	27.16	-89.12	-618.63
EBIT, 1 Yr. Growth %	-21.71	-434.13	27.16	-89.12	-618.63
Earnings From Cont. Operations, 1 Yr. Growth %	-21.62	-437.5	42.26	-90.48	-613.48
Net Income, 1 Yr. Growth %	-21.62	-437.5	42.26	-90.48	-613.48
Normalized Net Income, 1 Yr. Growth %	-21.62	-437.5	25.4	-89.12	-609.13
Diluted EPS Before Extra, 1 Yr. Growth %	-26.05	-415.09	28.39	-89.54	-1.06K
Accounts Receivable, 1 Yr. Growth %	-23.84	187.39	-48.4	-26.37	-16.34
Inventory, 1 Yr. Growth %	77.66	73.46	42.38	27.68	21.94
Net Property, Plant and Equip., 1 Yr. Growth %	694.94	171.55	-34.1	-50.88	334.26
Total Assets, 1 Yr. Growth %	82.02	55.4	47.87	-1.32	9.1
Tangible Book Value, 1 Yr. Growth %	7.71	133.89	83.82	5.51	-18.06
Common Equity, 1 Yr. Growth %	6.81	119.36	79.67	5.36	-17.59
Cash From Operations, 1 Yr. Growth %	-2.41K	-107.51	-3.4K	-111.07	13.02
Levered Free Cash Flow, 1 Yr. Growth %	498.13	-151.41	-374.02	-111.93	-275.76
Unlevered Free Cash Flow, 1 Yr. Growth %	495.22	-151.22	-374.75	-111.93	-275.76
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	22.88	34.14	32.25	-14.5	-38.05
Gross Profit, 2 Yr. CAGR %	22.59	27.14	39.53	-15.84	-44.42
EBITDA, 2 Yr. CAGR %	-30.65	63.19	108.74	-	-
EBITA, 2 Yr. CAGR %	-30.4	61.74	106.13	-62.8	-24.87
EBIT, 2 Yr. CAGR %	-30.4	61.74	106.13	-62.8	-24.87
Earnings From Cont. Operations, 2 Yr. CAGR %	-30.26	62.65	119.12	-63.2	-30.08
Net Income, 2 Yr. CAGR %	-30.26	62.65	119.12	-63.2	-30.08
Normalized Net Income, 2 Yr. CAGR %	-30.26	62.65	105.73	-63.06	-25.56
Diluted EPS Before Extra, 2 Yr. CAGR %	-36.15	52.64	101.13	-63.35	0
Accounts Receivable, 2 Yr. CAGR %	-1.64	47.94	21.77	-38.36	-21.52
Inventory, 2 Yr. CAGR %	27.58	75.55	57.16	34.83	24.78
Net Property, Plant and Equip., 2 Yr. CAGR %	-	364.61	33.78	-43.11	46.05
Total Assets, 2 Yr. CAGR %	36.4	68.19	51.59	20.8	3.76
Tangible Book Value, 2 Yr. CAGR %	11.66	58.72	107.35	39.27	-7.02
Common Equity, 2 Yr. CAGR %	10.2	53.07	98.53	37.59	-6.82
Cash From Operations, 2 Yr. CAGR %	245.69	31.61	57.33	91	-64.64
Levered Free Cash Flow, 2 Yr. CAGR %	82.41	75.36	18.69	-42.82	-54.2
Unlevered Free Cash Flow, 2 Yr. CAGR %	82.51	74.6	18.63	-42.74	-54.2
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	10.63	37.86	21.95	8.25	-27.14
Gross Profit, 3 Yr. CAGR %	6.86	37.66	21.94	7.13	-29.76
EBITDA, 3 Yr. CAGR %	-8.15	18.16	50.11	-	-
EBITA, 3 Yr. CAGR %	-7.51	17.41	49.28	-22.67	-10.46
EBIT, 3 Yr. CAGR %	-8.17	17.41	49.28	-22.67	-10.46
Earnings From Cont. Operations, 3 Yr. CAGR %	-3.28	17.96	55.55	-22.97	-11.41
Net Income, 3 Yr. CAGR %	-3.28	17.96	55.55	-22.97	-11.41
Normalized Net Income, 3 Yr. CAGR %	-8.09	17.96	49.14	-22.77	-11.43
Diluted EPS Before Extra, 3 Yr. CAGR %	-10.37	8.71	44.09	-24.93	8.69
Accounts Receivable, 3 Yr. CAGR %	17.28	40.62	4.14	2.97	-31.76
Inventory, 3 Yr. CAGR %	3.67	41.34	63.71	46.64	30.39
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	142.31	-4.21	12.02
Total Assets, 3 Yr. CAGR %	19.6	42.46	61.12	31.38	16.77
Tangible Book Value, 3 Yr. CAGR %	-1.22	42.87	66.68	65.54	16.7
Common Equity, 3 Yr. CAGR %	-1.09	38.62	61.47	60.74	15.98
Cash From Operations, 3 Yr. CAGR %	161.76	-3.55	285.08	-35.06	60.35
Levered Free Cash Flow, 3 Yr. CAGR %	116.88	19.6	103.49	-44.81	-16.86
Unlevered Free Cash Flow, 3 Yr. CAGR %	116.61	19.49	103.08	-44.83	-16.79
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	1.04	21.9	18.82	13.88	-6.99
Gross Profit, 5 Yr. CAGR %	3.14	22.26	18.9	13.06	-10.95
EBITDA, 5 Yr. CAGR %	-22.4	8.71	27.55	-	-
EBITA, 5 Yr. CAGR %	-22.11	8.59	27.44	-25.86	13.43
EBIT, 5 Yr. CAGR %	-22.97	7.19	26.89	-25.86	13.43
Earnings From Cont. Operations, 5 Yr. CAGR %	-25.3	-4.61	34.14	-25.98	12.97
Net Income, 5 Yr. CAGR %	-25.3	-4.61	34.14	-25.98	12.97
Normalized Net Income, 5 Yr. CAGR %	-25.3	4.91	26.86	-25.86	12.95
Diluted EPS Before Extra, 5 Yr. CAGR %	-30.73	-11.51	23.84	-29.63	24.5
Accounts Receivable, 5 Yr. CAGR %	-14.3	20.08	19.06	1.1	-7
Inventory, 5 Yr. CAGR %	3.2	16.27	22.44	38.7	46.86
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	-	97.89
Total Assets, 5 Yr. CAGR %	5.05	18.87	31.49	33.36	35.12
Tangible Book Value, 5 Yr. CAGR %	-5.68	18.7	32.89	41.42	31.97
Common Equity, 5 Yr. CAGR %	-0.48	16.94	30.7	38.21	29.59
Cash From Operations, 5 Yr. CAGR %	25.05	-4.6	113.53	26.76	48.17
Levered Free Cash Flow, 5 Yr. CAGR %	-0.78	-15.2	70.42	-10.97	12.06
Unlevered Free Cash Flow, 5 Yr. CAGR %	-4.01	-13.86	70.25	-10.97	11.93