$RR
RICHTECH ROBOTICS INC. Stock $rr

$rr Overview Financials Valuation SEC Filings Company Website

2023 Q3 Form 10-K Financial Statement

#000121390024003044 Filed on January 11, 2024

Income Statement

Concept	2023 Q3	2023	2022 Q3
Revenue	$5.395M	$8.759M	$3.930M
YoY Change	37.28%	44.8%
Cost Of Revenue	$1.224M	$2.744M	$1.430M
YoY Change	-14.41%	30.79%
Gross Profit	$4.171M	$6.015M	$2.500M
YoY Change	66.84%	52.24%
Gross Profit Margin	77.31%	68.67%	63.61%
Selling, General & Admin	$1.000M	$3.747M	$330.0K
YoY Change	203.03%	46.65%
% of Gross Profit	23.98%	62.29%	13.2%
Research & Development	$390.0K	$1.979M	$640.0K
YoY Change	-39.06%	11.68%
% of Gross Profit	9.35%	32.9%	25.6%
Depreciation & Amortization		$13.00K
YoY Change		99900.0%
% of Gross Profit		0.22%
Operating Expenses	$1.390M	$5.726M	$970.0K
YoY Change	43.3%	32.33%
Operating Profit	$2.781M	$289.0K	$1.530M
YoY Change	81.76%	-176.86%
Interest Expense	-$683.0K	-$734.0K	$0.00
YoY Change
% of Operating Profit	-24.56%	-253.98%	0.0%
Other Income/Expense, Net		-$734.0K
YoY Change		3977.78%
Pretax Income	$2.098M	-$445.0K	$1.510M
YoY Change	38.94%	12.94%
Income Tax	-$106.0K	-$106.0K	$110.0K
% Of Pretax Income	-5.05%		7.28%
Net Earnings	$2.204M	-$339.0K	$1.390M
YoY Change	58.56%	-33.14%
Net Earnings / Revenue	40.85%	-3.87%	35.37%
Basic Earnings Per Share		-$0.01
Diluted Earnings Per Share	$0.03	-$0.01	$0.02
COMMON SHARES
Basic Shares Outstanding		62.17M shares
Diluted Shares Outstanding		62.17M shares

Balance Sheet

Concept	2023 Q3	2023	2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$433.0K	$433.0K
YoY Change		31.21%
Cash & Equivalents	$433.0K	$433.0K	$327.0K
Short-Term Investments
Other Short-Term Assets	$17.00K	$17.00K
YoY Change		-57.5%
Inventory	$822.0K	$822.0K	$1.373M
Prepaid Expenses
Receivables	$5.576M	$5.576M	$1.656M
Other Receivables	$134.0K	$134.0K
Total Short-Term Assets	$6.982M	$6.982M	$3.505M
YoY Change	99.2%	98.92%
LONG-TERM ASSETS
Property, Plant & Equipment	$28.00K	$343.0K	$41.00K
YoY Change	-31.71%	-18.33%
Goodwill
YoY Change
Intangibles	$0.00
YoY Change
Long-Term Investments
YoY Change
Other Assets	$10.00K	$528.0K	$10.00K
YoY Change	0.0%	5180.0%
Total Long-Term Assets	$871.0K	$871.0K	$433.0K
YoY Change	101.15%	102.56%
TOTAL ASSETS
Total Short-Term Assets	$6.982M	$6.982M	$3.505M
Total Long-Term Assets	$871.0K	$871.0K	$433.0K
Total Assets	$7.853M	$7.853M	$3.938M
YoY Change	99.42%	99.31%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$1.126M	$1.126M	$175.0K
YoY Change	543.43%	525.56%
Accrued Expenses	$59.00K	$220.0K	$57.00K
YoY Change	3.51%	29.41%
Deferred Revenue
YoY Change
Short-Term Debt	$845.0K	$845.0K
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$2.890M	$2.890M	$741.0K
YoY Change	290.01%	435.19%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$154.0K	$154.0K
YoY Change		-45.0%
Total Long-Term Liabilities	$154.0K	$154.0K
YoY Change		-45.0%
TOTAL LIABILITIES
Total Short-Term Liabilities	$2.890M	$2.890M	$741.0K
Total Long-Term Liabilities	$154.0K	$154.0K
Total Liabilities	$3.044M	$3.044M	$1.020M
YoY Change	198.43%	271.22%
SHAREHOLDERS EQUITY
Retained Earnings	$201.0K		$540.0K
YoY Change	-62.78%
Common Stock	$4.608M		$2.378M
YoY Change	93.78%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$4.809M	$4.809M	$2.918M
YoY Change
Total Liabilities & Shareholders Equity	$7.853M	$7.853M	$3.938M
YoY Change	99.42%	99.31%

Cashflow Statement

Concept	2023 Q3	2023	2022 Q3
OPERATING ACTIVITIES
Net Income	$2.204M	-$339.0K	$1.390M
YoY Change	58.56%	-33.14%
Depreciation, Depletion And Amortization		$13.00K
YoY Change		99900.0%
Cash From Operating Activities	-$634.0K	-$2.909M	-$410.0K
YoY Change	54.63%	9.94%
INVESTING ACTIVITIES
Capital Expenditures			-$30.00K
YoY Change
Acquisitions
YoY Change
Other Investing Activities	-$3.000K	-$13.00K	$20.00K
YoY Change	-115.0%	-121.67%
Cash From Investing Activities	-$3.000K	-$13.00K	$50.00K
YoY Change	-106.0%	-70.45%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	511.0K	$3.028M	180.0K
YoY Change	183.89%	81.97%
NET CHANGE
Cash From Operating Activities	-634.0K	-$2.909M	-410.0K
Cash From Investing Activities	-3.000K	-$13.00K	50.00K
Cash From Financing Activities	511.0K	$3.028M	180.0K
Net Change In Cash	-126.0K	$106.0K	-180.0K
YoY Change	-30.0%	-110.33%
FREE CASH FLOW
Cash From Operating Activities	-$634.0K	-$2.909M	-$410.0K
Capital Expenditures			-$30.00K
Free Cash Flow		-$2.909M	-$380.0K
YoY Change		9.94%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2023	dei	Document Type DocumentType	10-K
CY2023	dei	Document Annual Report DocumentAnnualReport	true
CY2023	dei	Document Period End Date DocumentPeriodEndDate	2023-09-30
CY2023	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--09-30
CY2023	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2023
CY2023	dei	Document Transition Report DocumentTransitionReport	false
CY2023	dei	Entity File Number EntityFileNumber	001-41866
CY2023	dei	Entity Registrant Name EntityRegistrantName	RICHTECH ROBOTICS INC.
CY2023	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	NV
CY2023	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	88-2870106
CY2023	dei	Entity Address Address Line1 EntityAddressAddressLine1	4175 Cameron St Ste 1
CY2023	dei	Entity Address City Or Town EntityAddressCityOrTown	Las Vegas
CY2023	dei	Entity Address State Or Province EntityAddressStateOrProvince	NV
CY2023	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	89103
CY2023	dei	City Area Code CityAreaCode	(866)
CY2023	dei	Local Phone Number LocalPhoneNumber	236-3835
CY2023	dei	Security12b Title Security12bTitle	Class B Common Stock, par value $0.00001 per share
CY2023	dei	Trading Symbol TradingSymbol	RR
CY2023	dei	Security Exchange Name SecurityExchangeName	NASDAQ
CY2023	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2023	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2023	dei	Entity Current Reporting Status EntityCurrentReportingStatus	No
CY2023	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2023	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2023	dei	Entity Small Business EntitySmallBusiness	true
CY2023	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	true
CY2023	dei	Entity Ex Transition Period EntityExTransitionPeriod	false
CY2023	dei	Icfr Auditor Attestation Flag IcfrAuditorAttestationFlag	false
CY2023	dei	Document Fin Stmt Error Correction Flag DocumentFinStmtErrorCorrectionFlag	false
CY2023	dei	Entity Shell Company EntityShellCompany	false
CY2023	dei	Auditor Firm AuditorFirmId	6797
CY2023	dei	Auditor Name AuditorName	Bush & Associates CPA LLC
CY2023	dei	Auditor Location AuditorLocation	Henderson, Nevada
CY2023Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	433000	usd
CY2022Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	327000	usd
CY2023Q3	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	333000	usd
CY2022Q3	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	86000	usd
CY2023Q3	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	5576000	usd
CY2022Q3	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	1656000	usd
CY2023Q3	us-gaap	Inventory Net InventoryNet	822000	usd
CY2022Q3	us-gaap	Inventory Net InventoryNet	1373000	usd
CY2023Q3	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	17000	usd
CY2022Q3	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	41000	usd
CY2023Q3	us-gaap	Assets Current AssetsCurrent	6982000	usd
CY2022Q3	us-gaap	Assets Current AssetsCurrent	3505000	usd
CY2023Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	28000	usd
CY2022Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	41000	usd
CY2023Q3	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	518000	usd
CY2023Q3	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	315000	usd
CY2022Q3	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	382000	usd
CY2023Q3	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	10000	usd
CY2022Q3	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	10000	usd
CY2023Q3	us-gaap	Assets Assets	7853000	usd
CY2022Q3	us-gaap	Assets Assets	3938000	usd
CY2023Q3	us-gaap	Accounts Payable Current AccountsPayableCurrent	1126000	usd
CY2022Q3	us-gaap	Accounts Payable Current AccountsPayableCurrent	175000	usd
CY2023Q3	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	59000	usd
CY2022Q3	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	57000	usd
CY2023Q3	us-gaap	Short Term Borrowings ShortTermBorrowings	845000	usd
CY2023Q3	us-gaap	Taxes Payable Current TaxesPayableCurrent	461000	usd
CY2022Q3	us-gaap	Taxes Payable Current TaxesPayableCurrent	117000	usd
CY2023Q3	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	161000	usd
CY2022Q3	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	108000	usd
CY2023Q3	us-gaap	Liabilities Current LiabilitiesCurrent	2890000	usd
CY2022Q3	us-gaap	Liabilities Current LiabilitiesCurrent	741000	usd
CY2023Q3	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	154000	usd
CY2022Q3	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	279000	usd
CY2023Q3	us-gaap	Liabilities Liabilities	3044000	usd
CY2022Q3	us-gaap	Liabilities Liabilities	1020000	usd
CY2023Q3	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	4608000	usd
CY2022Q3	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	2378000	usd
CY2023Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	201000	usd
CY2022Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	540000	usd
CY2023Q3	us-gaap	Stockholders Equity StockholdersEquity	4809000	usd
CY2022Q3	us-gaap	Stockholders Equity StockholdersEquity	2918000	usd
CY2023Q3	us-gaap	Minority Interest MinorityInterest	4809000	usd
CY2022Q3	us-gaap	Minority Interest MinorityInterest	2918000	usd
CY2023Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	7853000	usd
CY2022Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	3938000	usd
CY2023	us-gaap	Revenues Revenues	8759000	usd
CY2022	us-gaap	Revenues Revenues	6049000	usd
CY2023	us-gaap	Cost Of Revenue CostOfRevenue	2744000	usd
CY2022	us-gaap	Cost Of Revenue CostOfRevenue	2098000	usd
CY2023	us-gaap	Gross Profit GrossProfit	6015000	usd
CY2022	us-gaap	Gross Profit GrossProfit	3951000	usd
CY2023	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	1979000	usd
CY2022	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	1772000	usd
CY2023	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	238000	usd
CY2022	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	297000	usd
CY2023	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	3509000	usd
CY2022	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	2258000	usd
CY2023	us-gaap	Operating Expenses OperatingExpenses	5726000	usd
CY2022	us-gaap	Operating Expenses OperatingExpenses	4327000	usd
CY2023	us-gaap	Operating Income Loss OperatingIncomeLoss	289000	usd
CY2022	us-gaap	Operating Income Loss OperatingIncomeLoss	-376000	usd
CY2023	us-gaap	Investment Income Investment Expense InvestmentIncomeInvestmentExpense	734000	usd
CY2022	us-gaap	Investment Income Investment Expense InvestmentIncomeInvestmentExpense	18000	usd
CY2023	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-734000	usd
CY2022	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-18000	usd
CY2023	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-445000	usd
CY2022	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-394000	usd
CY2023	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-106000	usd
CY2022	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	113000	usd
CY2023	us-gaap	Net Income Loss NetIncomeLoss	-339000	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	-507000	usd
CY2023	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-339000	usd
CY2022	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-507000	usd
CY2023	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.01
CY2022	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.01
CY2023	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	62166846	shares
CY2022	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	40000000	shares
CY2021Q3	us-gaap	Stockholders Equity StockholdersEquity	1868000	usd
CY2022	rr	Adjustment To Paidin Capital Shareholder Capital Injection AdjustmentToPaidinCapitalShareholderCapitalInjection	1500000	usd
CY2022	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	57000	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	-507000	usd
CY2022Q3	us-gaap	Stockholders Equity StockholdersEquity	2918000	usd
CY2023	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	2230000	usd
CY2023	us-gaap	Stock Issued During Period Value Issued For Services StockIssuedDuringPeriodValueIssuedForServices	38318000	usd
CY2023	us-gaap	Adjustments To Additional Paid In Capital Stock Issued Issuance Costs AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts	38318000	usd
CY2023	us-gaap	Net Income Loss NetIncomeLoss	-339000	usd
CY2023Q3	us-gaap	Stockholders Equity StockholdersEquity	4809000	usd
CY2023	us-gaap	Net Income Loss NetIncomeLoss	-339000	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	-507000	usd
CY2022	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	57000	usd
CY2023	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	3919000	usd
CY2022	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	1612000	usd
CY2023	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-551000	usd
CY2022	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	389000	usd
CY2023	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-23000	usd
CY2022	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	31000	usd
CY2023	rr	Increase Decrease In Rightofuse Asset IncreaseDecreaseInRightofuseAsset	-67000	usd
CY2022	rr	Increase Decrease In Rightofuse Asset IncreaseDecreaseInRightofuseAsset	382000	usd
CY2023	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes	518000	usd
CY2023	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	951000	usd
CY2022	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-305000	usd
CY2023	us-gaap	Increase Decrease In Accrued Taxes Payable IncreaseDecreaseInAccruedTaxesPayable	344000	usd
CY2022	us-gaap	Increase Decrease In Accrued Taxes Payable IncreaseDecreaseInAccruedTaxesPayable	108000	usd
CY2023	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	3000	usd
CY2022	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	28000	usd
CY2023	rr	Increase Decrease In Operating Lease Liability Current IncreaseDecreaseInOperatingLeaseLiabilityCurrent	-108000	usd
CY2022	rr	Increase Decrease In Operating Lease Liability Current IncreaseDecreaseInOperatingLeaseLiabilityCurrent	108000	usd
CY2023	rr	Increase Decrease In Operating Lease Liability Noncurrent IncreaseDecreaseInOperatingLeaseLiabilityNoncurrent	36000	usd
CY2022	rr	Increase Decrease In Operating Lease Liability Noncurrent IncreaseDecreaseInOperatingLeaseLiabilityNoncurrent	279000	usd
CY2023	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-2909000	usd
CY2022	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-2646000	usd
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CY2022	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	64000	usd
CY2023	us-gaap	Payments To Fund Longterm Loans To Related Parties PaymentsToFundLongtermLoansToRelatedParties	30000	usd
CY2022	us-gaap	Payments To Fund Longterm Loans To Related Parties PaymentsToFundLongtermLoansToRelatedParties	108000	usd
CY2023	us-gaap	Proceeds From Collection Of Longterm Loans To Related Parties ProceedsFromCollectionOfLongtermLoansToRelatedParties	4000	usd
CY2023	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-13000	usd
CY2022	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-44000	usd
CY2023	us-gaap	Proceeds From Related Party Debt ProceedsFromRelatedPartyDebt	200000	usd
CY2022	us-gaap	Proceeds From Related Party Debt ProceedsFromRelatedPartyDebt	190000	usd
CY2023	us-gaap	Repayments Of Related Party Debt RepaymentsOfRelatedPartyDebt	247000	usd
CY2022	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	26000	usd
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CY2022	us-gaap	Proceeds From Contributed Capital ProceedsFromContributedCapital	1500000	usd
CY2023	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	3028000	usd
CY2022	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	1664000	usd
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CY2022	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-1026000	usd
CY2022Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	327000	usd
CY2021Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	1353000	usd
CY2023Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	433000	usd
CY2022Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	327000	usd
CY2022	rr	Disposition Of Subsidiaries DispositionOfSubsidiaries	-17000	usd
CY2023	us-gaap	Nature Of Operations NatureOfOperations	<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"><b>NOTE 1: Nature of Business</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"><b><i> </i></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"><b><i>Description of Business</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Richtech Robotics Inc. (“we”, “us”, “our” or “Richtech”), is a Nevada C-Corporation registered in Nevada. Richtech was converted from Richtech Creative Displays, LLC on June 22, 2022, which is the predecessor of Richtech and established on July 19, 2016 in Nevada.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif">We are a leading provider of service robotic solutions by developing, manufacturing, and deploying novel products that address the growing need for automation in the service industry. We develop and provide service automation solutions that directly address the labor shortage problem affecting the US service industry. Our solutions include delivery, commercial cleaning, food & beverage service, and customization and development service, which have been implemented more than 80 cities across the United States in restaurants, hotels, casinos, senior living homes, factories and retail centers. Our solutions automate repetitive and time-consuming tasks which allows clients to reallocate labor hours to more value-creating roles. Many of our clients see our robotic solutions as crucial to expanding and scaling their businesses. Our goal is to be a long-term partner to our clients, providing them with a range of robotic solutions to remedy their problems.</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"><b><i> </i></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"><b><i>Risk and Uncertainties</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif">The Company’s business and operations are sensitive to general business and economic conditions worldwide. These conditions include short-term and long-term interest rates, inflation, fluctuations in debt and equity capital markets and the general condition of the world economy. A host of factors beyond the Company’s control could cause fluctuations in these conditions. Adverse developments in these general business and economic conditions could have a material adverse effect on the Company’s financial condition and the results of its operations. In addition, the Company will compete with many companies that currently have extensive and well-funded projects, marketing and sales operations. The Company may be unable to compete successfully against these companies. The Company’s industry is characterized by rapid changes in technology and market demands. As a result, the Company’s products, services, or expertise may become obsolete or unmarketable. The Company’s future success will depend on its ability to adapt to technological advances, anticipate customer and market demands, and enhance its current technology under development.</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"><b><i> </i></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"><b><i>Emerging Growth Company Status</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif">We are an emerging growth company, as defined in the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”). Under the JOBS Act, emerging growth companies can delay adopting new or revised accounting standards issued subsequent to the enactment of the JOBS Act, until such time as those standards apply to private companies.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif">We have elected to use this extended transition period for complying with new or revised accounting standards that have different effective dates for public and private companies until the earlier of the date that we are (1) no longer an emerging growth company or (2) affirmatively and irrevocably opt out of the extended transition period provided in the JOBS Act. As a result, our financial statements may not be comparable to companies that comply with the new or revised accounting pronouncements as of public company effective dates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif">We will remain an emerging growth company until the earliest of (1) the last day of the first fiscal year (A) following the fifth anniversary of the completion of this offering, (B) in which our total annual gross revenue is at least $1.235 billion or (C) when we are deemed to be a large accelerated filer, which means the market value of our common stock that is held by non-affiliates exceeds $700.0 million as of our most recently completed second fiscal quarter and (2) the date on which we have issued more than $1.0 billion in non-convertible debt securities during the prior three-year period.</span></p>
CY2023Q3	us-gaap	Amortization Expense Per Dollar Of Gross Revenue AmortizationExpensePerDollarOfGrossRevenue	1235000000	usd
CY2023Q3	us-gaap	Deferred Tax Liabilities Investment In Noncontrolled Affiliates DeferredTaxLiabilitiesInvestmentInNoncontrolledAffiliates	700000000	usd
CY2023Q3	us-gaap	Convertible Debt Noncurrent ConvertibleDebtNoncurrent	1000000000	usd
CY2023	us-gaap	Use Of Estimates UseOfEstimates	<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"><b><i>Use of Estimates</i></b></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif">The preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the dates of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.</span></p>
CY2023Q3	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	333	usd
CY2022Q3	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	86	usd
CY2023Q3	us-gaap	Inventory Raw Materials InventoryRawMaterials	164000	usd
CY2022Q3	us-gaap	Inventory Raw Materials InventoryRawMaterials	286000	usd
CY2023Q3	us-gaap	Inventory Finished Goods InventoryFinishedGoods	658000	usd
CY2022Q3	us-gaap	Inventory Finished Goods InventoryFinishedGoods	1087000	usd
CY2023Q3	us-gaap	Inventory Net InventoryNet	822000	usd
CY2022Q3	us-gaap	Inventory Net InventoryNet	1373000	usd
CY2023Q3	us-gaap	Furniture And Fixtures Gross FurnitureAndFixturesGross	63000	usd
CY2022Q3	us-gaap	Furniture And Fixtures Gross FurnitureAndFixturesGross	63000	usd
CY2023Q3	us-gaap	Leasehold Improvements Gross LeaseholdImprovementsGross	4000	usd
CY2022Q3	us-gaap	Leasehold Improvements Gross LeaseholdImprovementsGross	4000	usd
CY2023Q3	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	67000	usd
CY2022Q3	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	67000	usd
CY2023Q3	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	39000	usd
CY2022Q3	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	26000	usd
CY2023Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	28000	usd
CY2022Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	41000	usd
CY2022	us-gaap	Depreciation Depreciation	13	usd
CY2023	us-gaap	Revenues Revenues	8759000	usd
CY2022	us-gaap	Revenues Revenues	6049000	usd
CY2023	rr	Percentage Of Tax Positions PercentageOfTaxPositions	0.50	pure
CY2023	us-gaap	Effective Income Tax Rate Reconciliation Deductions Medicare Prescription Drug Benefit EffectiveIncomeTaxRateReconciliationDeductionsMedicarePrescriptionDrugBenefit	0.50	pure
CY2023	rr	Leases Terms LeasesTerms	P12M
CY2023	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-339000	usd
CY2022	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-507000	usd
CY2023	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	62166846	shares
CY2022	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	40000000	shares
CY2023	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.01
CY2022	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.01
CY2023	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.21	pure
CY2022	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.21	pure
CY2023	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-106000	usd
CY2022	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	113000	usd
CY2023Q3	us-gaap	Short Term Borrowings ShortTermBorrowings	845000	usd
CY2023Q3	rr	Short Term Loan Remaining Balance ShortTermLoanRemainingBalance	55000	usd
CY2023Q3	us-gaap	Other Receivables OtherReceivables	134000	usd
CY2022Q3	us-gaap	Other Receivables OtherReceivables	108000	usd
CY2023Q3	us-gaap	Other Liabilities OtherLiabilities	238000	usd
CY2022Q3	us-gaap	Other Liabilities OtherLiabilities	284000	usd
CY2023	us-gaap	Proceeds From Repayments Of Related Party Debt ProceedsFromRepaymentsOfRelatedPartyDebt	113000	usd
CY2022	us-gaap	Proceeds From Repayments Of Related Party Debt ProceedsFromRepaymentsOfRelatedPartyDebt	214000	usd
CY2023Q3	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	315000	usd
CY2022Q3	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	382000	usd
CY2023Q3	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	161000	usd
CY2022Q3	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	108000	usd
CY2023Q3	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	154000	usd
CY2022Q3	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	279000	usd
CY2023Q3	us-gaap	Operating Lease Liability OperatingLeaseLiability	315000	usd
CY2022Q3	us-gaap	Operating Lease Liability OperatingLeaseLiability	387000	usd
CY2023	us-gaap	Operating Lease Cost OperatingLeaseCost	227000	usd
CY2022	us-gaap	Operating Lease Cost OperatingLeaseCost	151000	usd
CY2023Q3	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	174000	usd
CY2023Q3	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	116000	usd
CY2023Q3	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	50000	usd
CY2023Q3	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	340000	usd
CY2022Q3	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet		usd
CY2023	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.01
CY2022	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.01
CY2022	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	40000000	shares
CY2023	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	62166846	shares
CY2022	us-gaap	Conversion Of Stock Amount Converted1 ConversionOfStockAmountConverted1		usd
CY2023	us-gaap	Stock Issued During Period Value Conversion Of Convertible Securities StockIssuedDuringPeriodValueConversionOfConvertibleSecurities		usd
CY2023	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest		usd
CY2022	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes		usd
CY2022	us-gaap	Proceeds From Collection Of Longterm Loans To Related Parties ProceedsFromCollectionOfLongtermLoansToRelatedParties		usd
CY2022	us-gaap	Repayments Of Related Party Debt RepaymentsOfRelatedPartyDebt		usd
CY2023	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt		usd
CY2022	us-gaap	Proceeds From Short Term Debt ProceedsFromShortTermDebt		usd
CY2023	rr	Disposition Of Subsidiaries DispositionOfSubsidiaries		usd
CY2023	rr	Maturity Days MaturityDays	P3M
CY2023	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.01
CY2022	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.01
CY2023	dei	Amendment Flag AmendmentFlag	false
CY2023	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	FY
CY2023	dei	Entity Central Index Key EntityCentralIndexKey	0001963685
CY2023Q3	dei	Entity Public Float EntityPublicFloat	0	usd

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RICHTECH ROBOTICS INC. Stock $rr

2023 Q3 Form 10-K Financial Statement

#000121390024003044 Filed on January 11, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

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$RR RICHTECH ROBOTICS INC. Stock $rr

2023 Q3 Form 10-K Financial Statement

#000121390024003044 Filed on January 11, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

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RICHTECH ROBOTICS INC. Stock $rr