$REFR
RESEARCH FRONTIERS INC Stock $refr

$refr Overview Financials Valuation SEC Filings Company Website

2022 Q3 Form 10-Q Financial Statement

#000149315222021311 Filed on August 04, 2022

Income Statement

Concept	2022 Q3	2022 Q2	2022 Q1
Revenue	$150.4K	$85.51K	$173.8K
YoY Change	-79.21%	-24.95%	-17.22%
Cost Of Revenue	$487.5K	$682.2K	$600.7K
YoY Change	-14.63%	35.61%	-4.65%
Gross Profit	-$337.0K	-$596.7K	-$426.9K
YoY Change	-321.08%	53.35%	4.11%
Gross Profit Margin	-224.03%	-697.84%	-245.57%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development	$149.2K	$146.4K	$148.8K
YoY Change	10.31%	4.74%	-0.78%
% of Gross Profit
Depreciation & Amortization	$7.200K	$14.31K	$100.00
YoY Change	-218.03%	-4.22%
% of Gross Profit
Operating Expenses	$636.6K	$828.7K	$148.8K
YoY Change	370.81%	28.9%	6.3%
Operating Profit	-$486.2K	-$743.2K	-$575.7K
YoY Change	-2921.76%	40.5%	4.67%
Interest Expense	$2.460K	$1.320K	-$52.65K
YoY Change	-43.96%	29.41%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income	-$483.7K	-$741.8K	-$628.4K
YoY Change	-2338.45%	40.52%	12.21%
Income Tax
% Of Pretax Income
Net Earnings	-$483.7K	-$741.8K	-$628.4K
YoY Change	-2338.45%	40.52%	12.21%
Net Earnings / Revenue	-321.54%	-867.54%	-361.47%
Basic Earnings Per Share	-$0.02	-$0.02	-$0.02
Diluted Earnings Per Share	-$15.20K	-$23.44K	-$19.85K
COMMON SHARES
Basic Shares Outstanding	31.65M shares	31.65M shares	31.65M shares
Diluted Shares Outstanding	31.83M shares	31.65M shares

Balance Sheet

Concept	2022 Q3	2022 Q2	2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$4.800M	$1.900M	$2.466M
YoY Change	60.83%	-45.27%	-41.56%
Cash & Equivalents	$4.800M	$1.900M	$2.466M
Short-Term Investments	$0.00	$0.00	$0.00
Other Short-Term Assets	$166.6K	$235.4K	$86.57K
YoY Change	4.96%	17.72%	-3.81%
Inventory
Prepaid Expenses
Receivables	$534.5K	$442.5K	$753.6K
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$5.499M	$2.562M	$3.307M
YoY Change	22.31%	-43.09%	-34.39%
LONG-TERM ASSETS
Property, Plant & Equipment	$72.56K	$79.61K	$519.9K
YoY Change	-88.04%	-87.77%	-24.66%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$33.57K	$33.57K	$33.57K
YoY Change	-0.01%	-0.01%	11.9%
Total Long-Term Assets	$466.3K	$510.0K	$553.4K
YoY Change	-27.18%	-25.49%	-24.19%
TOTAL ASSETS
Total Short-Term Assets	$5.499M	$2.562M	$3.307M
Total Long-Term Assets	$466.3K	$510.0K	$553.4K
Total Assets	$5.966M	$3.072M	$3.860M
YoY Change	16.14%	-40.76%	-33.1%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$38.01K	$31.70K	$16.02K
YoY Change	13.23%	-22.84%	-59.95%
Accrued Expenses	$32.95K	$62.08K	$261.0K
YoY Change	-85.62%	-73.42%	8.73%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$267.7K	$291.0K	$287.7K
YoY Change	-3.01%	-3.22%	-7.18%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$317.8K	$367.2K	$416.6K
YoY Change	-37.81%	-34.1%	-30.56%
Total Long-Term Liabilities	$317.8K	$367.2K	$416.6K
YoY Change	-37.81%	-34.1%	-30.56%
TOTAL LIABILITIES
Total Short-Term Liabilities	$267.7K	$291.0K	$287.7K
Total Long-Term Liabilities	$317.8K	$367.2K	$416.6K
Total Liabilities	$585.5K	$658.2K	$704.3K
YoY Change	-25.6%	-23.28%	-22.6%
SHAREHOLDERS EQUITY
Retained Earnings	-$121.5M	-$121.1M
YoY Change
Common Stock	$126.9M	$123.5M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$5.400M	$2.400M	$3.156M
YoY Change
Total Liabilities & Shareholders Equity	$5.966M	$3.072M	$3.860M
YoY Change	16.14%	-40.76%	-33.1%

Cashflow Statement

Concept	2022 Q3	2022 Q2	2022 Q1
OPERATING ACTIVITIES
Net Income	-$483.7K	-$741.8K	-$628.4K
YoY Change	-2338.45%	40.52%	12.21%
Depreciation, Depletion And Amortization	$7.200K	$14.31K	$100.00
YoY Change	-218.03%	-4.22%
Cash From Operating Activities	-$535.8K	-$581.8K	-$498.0K
YoY Change	9.66%	-21.88%	-22.2%
INVESTING ACTIVITIES
Capital Expenditures	-$150.00	-$460.00	-$610.00
YoY Change	400.0%	-51.06%
Acquisitions
YoY Change
Other Investing Activities	$0.00	$0.00	$2.695M
YoY Change	-100.0%	-100.0%
Cash From Investing Activities	-$150.00	-$460.00	$2.694M
YoY Change	-100.0%	-99.99%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	3.450M	0.000
YoY Change		-100.0%
NET CHANGE
Cash From Operating Activities	-535.8K	-581.8K	-498.0K
Cash From Investing Activities	-150.0	-460.0	2.694M
Cash From Financing Activities	3.450M	0.000
Net Change In Cash	2.914M	-582.3K	$0.00
YoY Change	10.17%	-85.0%	-100.0%
FREE CASH FLOW
Cash From Operating Activities	-$535.8K	-$581.8K	-$498.0K
Capital Expenditures	-$150.00	-$460.00	-$610.00
Free Cash Flow	-$535.6K	-$581.4K	-$497.3K
YoY Change	9.63%	-21.84%	-22.29%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	dei	Entity Central Index Key EntityCentralIndexKey	0000793524
	dei	Amendment Flag AmendmentFlag	false
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Quarterly Report DocumentQuarterlyReport	true
	dei	Document Transition Report DocumentTransitionReport	false
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2022
CY2022Q2	us-gaap	Marketable Securities Current MarketableSecuritiesCurrent		usd
	us-gaap	Marketable Securities Realized Gain Loss MarketableSecuritiesRealizedGainLoss		usd
	us-gaap	Marketable Securities Unrealized Gain Loss MarketableSecuritiesUnrealizedGainLoss		usd
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts		usd
	us-gaap	Payments To Acquire Marketable Securities PaymentsToAcquireMarketableSecurities		usd
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised		usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities		usd
	dei	Document Type DocumentType	10-Q
	dei	Document Period End Date DocumentPeriodEndDate	2022-06-30
	dei	Entity File Number EntityFileNumber	000-14893
	dei	Entity Registrant Name EntityRegistrantName	RESEARCH FRONTIERS INCORPORATED
	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	11-2103466
	dei	Entity Address Address Line1 EntityAddressAddressLine1	240 CROSSWAYS PARK DRIVE
	dei	Entity Address City Or Town EntityAddressCityOrTown	WOODBURY
	dei	Entity Address State Or Province EntityAddressStateOrProvince	NY
	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	11797-2033
	dei	City Area Code CityAreaCode	516
	dei	Local Phone Number LocalPhoneNumber	364-1902
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
	dei	Entity Small Business EntitySmallBusiness	true
	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
	dei	Entity Shell Company EntityShellCompany	false
CY2022Q2	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	190001	usd
CY2022Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	31650396	shares
CY2022Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	1884086	usd
	dei	Security12b Title Security12bTitle	Common Stock, par value $0.0001 per share
	dei	Trading Symbol TradingSymbol	REFR
	dei	Security Exchange Name SecurityExchangeName	NASDAQ
CY2021Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	269964	usd
CY2021Q4	us-gaap	Marketable Securities Current MarketableSecuritiesCurrent	2755111	usd
CY2022Q2	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	1173450	usd
CY2021Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	1016678	usd
CY2022Q2	REFR	Royalties Receivable Net Current RoyaltiesReceivableNetCurrent	442454	usd
CY2021Q4	REFR	Royalties Receivable Net Current RoyaltiesReceivableNetCurrent	831636	usd
CY2022Q2	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	235355	usd
CY2021Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	92931	usd
CY2022Q2	us-gaap	Assets Current AssetsCurrent	2561895	usd
CY2021Q4	us-gaap	Assets Current AssetsCurrent	3949642	usd
CY2022Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	79612	usd
CY2021Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	92954	usd
CY2022Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	396819	usd
CY2021Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	469824	usd
CY2022Q2	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	33567	usd
CY2021Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	33567	usd
CY2022Q2	us-gaap	Assets Assets	3071893	usd
CY2021Q4	us-gaap	Assets Assets	4545987	usd
CY2021Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	182091	usd
CY2022Q2	us-gaap	Accounts Payable Current AccountsPayableCurrent	31698	usd
CY2021Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	66460	usd
CY2022Q2	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	62084	usd
CY2021Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	49385	usd
CY2022Q2	us-gaap	Deferred Revenue DeferredRevenue	7171	usd
CY2022Q2	us-gaap	Liabilities Current LiabilitiesCurrent	290954	usd
CY2021Q4	us-gaap	Liabilities Current LiabilitiesCurrent	297936	usd
CY2022Q2	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	367202	usd
CY2021Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	464128	usd
CY2022Q2	us-gaap	Liabilities Liabilities	658156	usd
CY2021Q4	us-gaap	Liabilities Liabilities	762064	usd
CY2022Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2021Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2022Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	100000000	shares
CY2021Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	100000000	shares
CY2022Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	31650396	shares
CY2022Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	31650396	shares
CY2021Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	31650396	shares
CY2021Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	31650396	shares
CY2022Q2	us-gaap	Common Stock Value CommonStockValue	3165	usd
CY2021Q4	us-gaap	Common Stock Value CommonStockValue	3165	usd
CY2022Q2	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	123467886	usd
CY2021Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	123467886	usd
CY2021Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	113937	usd
	REFR	Net Investment Income Loss NetInvestmentIncomeLoss	-51331	usd
	REFR	Net Investment Income Loss NetInvestmentIncomeLoss	1360	usd
CY2022Q2	REFR	Net Investment Income Loss NetInvestmentIncomeLoss	1322	usd
CY2022Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-121057314	usd
CY2021Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-119687128	usd
CY2022Q2	us-gaap	Stockholders Equity StockholdersEquity	2413737	usd
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	3783923	usd
CY2022Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	3071893	usd
CY2021Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	4545987	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	259339	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	327060	usd
CY2022Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	85511	usd
	us-gaap	Other General Expense OtherGeneralExpense	1282937	usd
	us-gaap	Other General Expense OtherGeneralExpense	1128674	usd
CY2022Q2	us-gaap	Other General Expense OtherGeneralExpense	682239	usd
CY2021Q2	us-gaap	Other General Expense OtherGeneralExpense	503078	usd
	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	295257	usd
	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	284988	usd
CY2022Q2	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	146432	usd
CY2021Q2	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	139810	usd
	us-gaap	Operating Expenses OperatingExpenses	1578194	usd
	us-gaap	Operating Expenses OperatingExpenses	1413662	usd
CY2022Q2	us-gaap	Operating Expenses OperatingExpenses	828671	usd
CY2021Q2	us-gaap	Operating Expenses OperatingExpenses	642888	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	-1318855	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	-1086602	usd
CY2022Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-743160	usd
CY2021Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-528951	usd
CY2021Q2	REFR	Net Investment Income Loss NetInvestmentIncomeLoss	1016	usd
	us-gaap	Net Income Loss NetIncomeLoss	-1370186	usd
	us-gaap	Net Income Loss NetIncomeLoss	-1085242	usd
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	-741838	usd
CY2021Q2	us-gaap	Net Income Loss NetIncomeLoss	-527935	usd
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.04
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.03
CY2022Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.02
CY2021Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.02
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	31650396	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	31642686	shares
CY2022Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	31650396	shares
CY2021Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	31650396	shares
CY2020Q4	us-gaap	Stockholders Equity StockholdersEquity	5327005	usd
	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	86262	usd
	us-gaap	Net Income Loss NetIncomeLoss	-1085242	usd
CY2021Q2	us-gaap	Stockholders Equity StockholdersEquity	4328025	usd
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	3783923	usd
	us-gaap	Net Income Loss NetIncomeLoss	-1370186	usd
CY2022Q2	us-gaap	Stockholders Equity StockholdersEquity	2413737	usd
CY2021Q1	us-gaap	Stockholders Equity StockholdersEquity	4855960	usd
CY2021Q2	us-gaap	Net Income Loss NetIncomeLoss	-527935	usd
CY2021Q2	us-gaap	Stockholders Equity StockholdersEquity	4328025	usd
CY2022Q1	us-gaap	Stockholders Equity StockholdersEquity	3155575	usd
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	-741838	usd
CY2022Q2	us-gaap	Stockholders Equity StockholdersEquity	2413737	usd
	us-gaap	Net Income Loss NetIncomeLoss	-1370186	usd
	us-gaap	Net Income Loss NetIncomeLoss	-1085242	usd
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	14409	usd
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	14941	usd
	us-gaap	Marketable Securities Realized Gain Loss MarketableSecuritiesRealizedGainLoss	-60143	usd
	us-gaap	Marketable Securities Unrealized Gain Loss MarketableSecuritiesUnrealizedGainLoss	-1650	usd
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	156772	usd
	us-gaap	Operating Lease Right Of Use Asset Amortization Expense OperatingLeaseRightOfUseAssetAmortizationExpense	73005	usd
	us-gaap	Operating Lease Right Of Use Asset Amortization Expense OperatingLeaseRightOfUseAssetAmortizationExpense	73309	usd
	REFR	Increase Decrease In Royalty Receivable IncreaseDecreaseInRoyaltyReceivable	-232410	usd
	REFR	Increase Decrease In Royalty Receivable IncreaseDecreaseInRoyaltyReceivable	231573	usd
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	142424	usd
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	143413	usd
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-22063	usd
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	40823	usd
	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	7171	usd
	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	26002	usd
	us-gaap	Operating Lease Payments OperatingLeasePayments	89016	usd
	us-gaap	Operating Lease Payments OperatingLeasePayments	81289	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-1079779	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-1384792	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	1067	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	935	usd
	us-gaap	Payments To Acquire Marketable Securities PaymentsToAcquireMarketableSecurities	3433633	usd
	us-gaap	Proceeds From Sale And Maturity Of Marketable Securities ProceedsFromSaleAndMaturityOfMarketableSecurities	2694968	usd
	us-gaap	Proceeds From Sale And Maturity Of Marketable Securities ProceedsFromSaleAndMaturityOfMarketableSecurities	300000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	2693901	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-3134568	usd
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	86262	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	86262	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	1614122	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-4433098	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	269964	usd
CY2020Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	4772705	usd
CY2022Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	1884086	usd
CY2021Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	339607	usd
	us-gaap	Basis Of Accounting BasisOfAccounting	<p id="xdx_80E_eus-gaap--BasisOfAccounting_zHGD85EJtOt6" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline">Note 1. <span id="xdx_82B_zOX1kdAJXsXe">Basis of Presentation</span></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions to Rule 8-03 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included. All such adjustments are of a normal recurring nature. Operating results for the three and six months ended June 30, 2022 are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2022. The condensed consolidated balance sheet at December 31, 2021 has been derived from the audited consolidated financial statements at that date. For further information, refer to the consolidated financial statements and footnotes thereto included in the Annual Report on Form 10-K relating to Research Frontiers Incorporated for the fiscal year ended December 31, 2021.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="background-color: white">Certain amounts in the accompanying June 30, 2021 condensed consolidated statements of cash flows have been reclassified to conform to the June 30, 2022 presentation.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
	us-gaap	Nature Of Operations NatureOfOperations	<p id="xdx_801_eus-gaap--NatureOfOperations_zuGT19dwF1Mc" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline">Note 2. <span><span id="xdx_82A_zGYuYtMcrr68">Business</span></span></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Research Frontiers Incorporated (“Research Frontiers” or the “Company”) operates in a single business segment which is engaged in the development and marketing of technology and devices to control the flow of light. Such devices, often referred to as “light valves” or suspended particle devices (“SPDs”), use colloidal particles that are either incorporated within a liquid suspension or a film, which is usually enclosed between two sheets of glass or plastic having transparent, electrically conductive coatings on the facing surfaces thereof. At least one of the two sheets is transparent. SPD technology, made possible by a flexible light-control film invented by Research Frontiers, allows the user to instantly and precisely control the shading of glass/plastic manually or automatically. SPD technology has numerous product applications, including SPD-Smart™ windows, sunshades, skylights and interior partitions for homes and buildings; automotive windows, sunroofs, sun visors, sunshades, rear-view mirrors, instrument panels and navigation systems; aircraft windows; museum display panels; eyewear products; and flat panel displays for electronic products. SPD-Smart light control film is now being developed for, or used in, architectural, automotive, marine, aerospace and appliance applications.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company has primarily utilized its cash, cash equivalents, and investments generated from sales of our common stock, proceeds from the exercise of options and warrants, and royalty fees collected to fund its research and development of SPD light valves, for marketing initiatives, and for other working capital purposes. The Company’s working capital and capital requirements depend upon numerous factors, including the results of research and development activities, competitive and technological developments, the timing and cost of patent filings, and the development of new licensees and changes in the Company’s relationships with its existing licensees. The degree of dependence of the Company’s working capital requirements on each of the foregoing factors cannot be quantified; increased research and development activities and related costs would increase such requirements; the addition of new licensees may provide additional working capital or working capital requirements; and changes in relationships with existing licensees would have a favorable or negative impact depending upon the nature of such changes. We have incurred recurring losses since inception and expect to continue to incur losses as a result of costs and expenses related to our research and continued development of our SPD technology and our corporate general and administrative expenses. Our capital requirements and operations to date have been substantially funded through sales of our common stock, exercise of options and warrants and royalty fees collected. As of June 30, 2022, we had working capital of approximately $<span id="xdx_906_ecustom--WorkingCapital_iI_pn5n6_c20220630_zmP26QEbFYtl" title="Working capital">2.3</span> million, cash and cash equivalents of approximately $<span id="xdx_90B_eus-gaap--CashAndCashEquivalentsAtCarryingValue_iI_pn5n6_c20220630_zbqiMFd5dLP8" title="Cash and cash equivalents">1.9</span> million, shareholders’ equity of approximately $<span id="xdx_90B_eus-gaap--StockholdersEquity_iI_pn5n6_c20220630_zu2hJxrNvH4c" title="Shareholders' equity">2.4</span> million and an accumulated deficit of approximately $<span id="xdx_909_eus-gaap--RetainedEarningsAccumulatedDeficit_iNI_pn5n6_di_c20220630_zq5sDINFL7V2" title="Accumulated deficit">121.1</span> million. Our projected cash flow shortfall based on our current operations adjusted for any non-recurring cash expenses for the next 12 months is approximately $<span id="xdx_906_ecustom--NonrecurringCashExpenses_c20220101__20220630__srt--RangeAxis__srt--MinimumMember_zLR3ghv1qBnc" title="Non-recurring cash expenses">300,000</span> to $<span id="xdx_906_ecustom--NonrecurringCashExpenses_c20220101__20220630__srt--RangeAxis__srt--MaximumMember_z4JduRvXHhAa" title="Non-recurring cash expenses">350,000</span> per quarter. Based on our current expectations of our cash flow shortfall for the next 12 months, our working capital would support our activities in excess of the next 24 months.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In the event that we are unable to generate sufficient cash from our operating activities or raise additional funds, we may be required to delay, reduce or severely curtail our operations or otherwise impede our on-going business efforts, which could have a material adverse effect on our business, operating results, financial condition and long-term prospects. The Company may seek to obtain additional funding through future equity issuances. There can be no assurance as to the availability or terms upon which such financing and capital might be available. The eventual success of the Company and generation of positive cash flow will be dependent upon the commercialization of products using the Company’s technology by the Company’s licensees and payments of continuing royalties on account thereof. To date, the Company has not generated sufficient revenue from its licensees to fund its operations.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Recent Global Events:</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On March 11, 2020, the World Health Organization declared the novel strain of coronavirus (“COVID-19”) a global pandemic and recommended containment and mitigation measures worldwide. As a result, the Company expects operations at its facility to continue to be affected in some capacity, as the COVID-19 virus continues to proliferate and the federal, state and local governments under which we operate continue to adopt new rules. The Company has put in place enhanced procedures, such as restricting international and domestic travel, adopting a variety of steps designed to ensure social distancing in our facilities, including working remotely where available, and increasing our cleaning and sanitizing procedures in our facilities, in an effort to protect its employees and communities.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Revenues were negatively impacted since the onset of the pandemic due to delays in manufacture of products using our technology. Most of the products using our technology are manufactured by licensees overseas in Europe and Asia who have been similarly affected by the pandemic. The disruption caused by public health crises, such as COVID-19, could result in lower levels of sale activity for products using our technology resulting in lower level of royalties owed to us from the sale of these products. The duration of the potential business disruptions and related financial impact cannot be reasonably estimated at this time, but could materially adversely affect our business, financial condition, results of operations, and cash flows. The Company increased its allowance for uncollectible royalty receivables until the collectability from certain licensees can be better ascertained in the regions affected by COVID-19.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In connection with the COVID-19 crisis, Congress passed, and the president signed, the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) which, among other things, provides relief for businesses impacted by the pandemic. The Company applied for and received $<span id="xdx_907_eus-gaap--ProceedsFromIssuanceOfDebt_c20220101__20220630__us-gaap--DebtInstrumentAxis__custom--PPPLoanMember_zlYDzmjxMCc7" title="Proceeds from issuance of debt">202,052</span> in proceeds from the Paycheck Protection Program (“PPP Loan”) made available under the CARES Act. The PPP Loan is intended to offer businesses hurt by the COVID-19 pandemic economic assistance with the potential for the principal to be forgiven based on certain expenses incurred during the first 24 weeks after the issuance of the PPP Loan. During 2021, the Company was notified that this loan was forgiven.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022Q2	REFR	Working Capital WorkingCapital	2300000	usd
CY2022Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	1900000	usd
CY2022Q2	us-gaap	Stockholders Equity StockholdersEquity	2400000	usd
CY2022Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-121100000	usd
	REFR	Proceeds From Exercise Of Options And Warrants ProceedsFromExerciseOfOptionsAndWarrants	86262	usd
	REFR	Options And Warrant Issued In Connection With Exercises OptionsAndWarrantIssuedInConnectionWithExercises	39500	shares
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod	35110	shares
	REFR	Issuance Of Common Stock Options And Warrants IssuanceOfCommonStockOptionsAndWarrants	101000	shares
CY2022Q2	us-gaap	Class Of Warrant Or Right Outstanding ClassOfWarrantOrRightOutstanding	1399991	shares
CY2022Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	1068960	shares
CY2022Q2	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P2Y9M
CY2022Q2	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.055	pure
CY2022Q2	us-gaap	Operating Lease Expense OperatingLeaseExpense	54000	usd
	us-gaap	Operating Lease Expense OperatingLeaseExpense	106000	usd
CY2022Q2	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	108000	usd
CY2022Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	217000	usd
CY2022Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	222000	usd
CY2022Q2	us-gaap	Lessee Operating Lease Liability Payments Due After Year Five LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive	56000	usd
CY2022Q2	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	603000	usd
CY2022Q2	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	45797	usd
CY2022Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	557203	usd
CY2022Q2	us-gaap	Marketable Securities MarketableSecurities	0	usd
	us-gaap	Marketable Securities Realized Gain Loss MarketableSecuritiesRealizedGainLoss	-60143	usd
	us-gaap	Marketable Securities Unrealized Gain Loss MarketableSecuritiesUnrealizedGainLoss	-1650	usd
CY2022Q2	us-gaap	Marketable Securities Gain Loss MarketableSecuritiesGainLoss	0	usd

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2022 Q3 Form 10-Q Financial Statement

#000149315222021311 Filed on August 04, 2022

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$REFR RESEARCH FRONTIERS INC Stock $refr

2022 Q3 Form 10-Q Financial Statement

#000149315222021311 Filed on August 04, 2022

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

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RESEARCH FRONTIERS INC Stock $refr