secwatch.observer — SEC 8-K summary
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Issuer:     Research Solutions, Inc. (RSSS)
CIK:        0001386301
Form:       8-K/A
Filed at:   2024-02-07T23:59:59+00:00
Accession:  0001104659-24-011617
Event type: m_and_a
Sentiment:  negative
Materiality: 0.60
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Research Solutions files audited financials for Scite acquisition; Scite FY2023 revenue $1.12M, net loss $413K
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- Scite FY2023 revenue $1.12M (trade $923K, grant $198K); net loss $413K.
- Scite cash $1.15M, total assets $1.31M, deferred revenue $251K, accumulated deficit $975K.
- Scite issued $1.5M preferred stock and converted $430K notes to preferred in FY2023.
- Scite had 460K stock options outstanding at June 30, 2023; $24K unvested compensation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1386301/000110465924011617/0001104659-24-011617-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1386301/000110465924011617/tm245389d1_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-011617

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer