2024 Q3 Form 10-K Financial Statement
#000121390025003458 Filed on January 14, 2025
Income Statement
Concept | 2024 Q3 | 2024 | 2023 Q3 |
---|---|---|---|
Revenue | $4.240M | $5.395M | |
YoY Change | -51.59% | 37.28% | |
Cost Of Revenue | $1.520M | $1.224M | |
YoY Change | -44.61% | -14.41% | |
Gross Profit | $2.720M | $4.171M | |
YoY Change | -54.78% | 66.84% | |
Gross Profit Margin | 64.15% | 77.31% | |
Selling, General & Admin | $7.772M | $1.000M | |
YoY Change | 107.42% | 203.03% | |
% of Gross Profit | 285.74% | 23.98% | |
Research & Development | $2.021M | $390.0K | |
YoY Change | 2.12% | -39.06% | |
% of Gross Profit | 74.3% | 9.35% | |
Depreciation & Amortization | $81.00K | ||
YoY Change | 523.08% | ||
% of Gross Profit | 2.98% | ||
Operating Expenses | $9.793M | $1.390M | |
YoY Change | 71.03% | 43.3% | |
Operating Profit | -$7.073M | $2.781M | |
YoY Change | -2547.4% | 81.76% | |
Interest Expense | -$683.0K | ||
YoY Change | |||
% of Operating Profit | -24.56% | ||
Other Income/Expense, Net | -$749.0K | ||
YoY Change | 2.04% | ||
Pretax Income | -$7.822M | $2.098M | |
YoY Change | 1657.75% | 38.94% | |
Income Tax | $318.0K | -$106.0K | |
% Of Pretax Income | -5.05% | ||
Net Earnings | -$8.140M | $2.204M | |
YoY Change | 2301.18% | 58.56% | |
Net Earnings / Revenue | -191.98% | 40.85% | |
Basic Earnings Per Share | -$0.12 | ||
Diluted Earnings Per Share | -$0.12 | $0.03 | |
COMMON SHARES | |||
Basic Shares Outstanding | 69.95M shares | ||
Diluted Shares Outstanding | 69.95M shares |
Balance Sheet
Concept | 2024 Q3 | 2024 | 2023 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $433.0K | ||
YoY Change | |||
Cash & Equivalents | $14.57M | $433.0K | |
Short-Term Investments | |||
Other Short-Term Assets | $17.00K | ||
YoY Change | |||
Inventory | $1.148M | $822.0K | |
Prepaid Expenses | |||
Receivables | $1.359M | $5.576M | |
Other Receivables | $134.0K | ||
Total Short-Term Assets | $33.05M | $6.982M | |
YoY Change | 373.3% | 99.2% | |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $738.0K | $28.00K | |
YoY Change | 2535.71% | -31.71% | |
Goodwill | |||
YoY Change | |||
Intangibles | $7.621M | $0.00 | |
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $740.0K | $10.00K | |
YoY Change | 7300.0% | 0.0% | |
Total Long-Term Assets | $9.605M | $871.0K | |
YoY Change | 1002.76% | 101.15% | |
TOTAL ASSETS | |||
Total Short-Term Assets | $33.05M | $6.982M | |
Total Long-Term Assets | $9.605M | $871.0K | |
Total Assets | $42.65M | $7.853M | |
YoY Change | 443.12% | 99.42% | |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $150.0K | $1.126M | |
YoY Change | -86.68% | 543.43% | |
Accrued Expenses | $97.00K | $59.00K | |
YoY Change | 64.41% | 3.51% | |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $53.00K | $845.0K | |
YoY Change | -93.73% | ||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $455.0K | $2.890M | |
YoY Change | -84.26% | 290.01% | |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | ||
YoY Change | |||
Other Long-Term Liabilities | $154.0K | ||
YoY Change | |||
Total Long-Term Liabilities | $154.0K | ||
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $455.0K | $2.890M | |
Total Long-Term Liabilities | $154.0K | ||
Total Liabilities | $913.0K | $3.044M | |
YoY Change | -70.01% | 198.43% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$7.939M | $201.0K | |
YoY Change | -4049.75% | -62.78% | |
Common Stock | $49.67M | $4.608M | |
YoY Change | 977.84% | 93.78% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $41.74M | $4.809M | |
YoY Change | |||
Total Liabilities & Shareholders Equity | $42.65M | $7.853M | |
YoY Change | 443.12% | 99.42% |
Cashflow Statement
Concept | 2024 Q3 | 2024 | 2023 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$8.140M | $2.204M | |
YoY Change | 2301.18% | 58.56% | |
Depreciation, Depletion And Amortization | $81.00K | ||
YoY Change | 523.08% | ||
Cash From Operating Activities | -$5.060M | -$634.0K | |
YoY Change | 73.94% | 54.63% | |
INVESTING ACTIVITIES | |||
Capital Expenditures | $725.0K | ||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$3.000K | ||
YoY Change | -115.0% | ||
Cash From Investing Activities | -$22.73M | -$3.000K | |
YoY Change | 174753.85% | -106.0% | |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $30.18M | ||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | $41.92M | 511.0K | |
YoY Change | 1284.54% | 183.89% | |
NET CHANGE | |||
Cash From Operating Activities | -$5.060M | -634.0K | |
Cash From Investing Activities | -$22.73M | -3.000K | |
Cash From Financing Activities | $41.92M | 511.0K | |
Net Change In Cash | $14.13M | -126.0K | |
YoY Change | 13233.02% | -30.0% | |
FREE CASH FLOW | |||
Cash From Operating Activities | -$5.060M | -$634.0K | |
Capital Expenditures | $725.0K | ||
Free Cash Flow | -$5.785M | ||
YoY Change | 98.87% |
Facts In Submission
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CY2023 | us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
518000 | usd |
CY2024 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
81000 | usd |
CY2023 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
13000 | usd |
CY2024 | rr |
Increase Decrease In Operating Lease Liability Current
IncreaseDecreaseInOperatingLeaseLiabilityCurrent
|
-12000 | usd |
CY2023 | rr |
Increase Decrease In Operating Lease Liability Current
IncreaseDecreaseInOperatingLeaseLiabilityCurrent
|
-108000 | usd |
CY2024 | rr |
Increase Decrease In Operating Lease Liability Noncurrent
IncreaseDecreaseInOperatingLeaseLiabilityNoncurrent
|
202000 | usd |
CY2023 | rr |
Increase Decrease In Operating Lease Liability Noncurrent
IncreaseDecreaseInOperatingLeaseLiabilityNoncurrent
|
36000 | usd |
CY2024 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-5060000 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-2896000 | usd |
CY2024 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
725000 | usd |
CY2024 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
5470000 | usd |
CY2024 | us-gaap |
Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
|
15940000 | usd |
CY2024 | us-gaap |
Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
|
730000 | usd |
CY2024 | rr |
Cash Used For Lending To Related Parties
CashUsedForLendingToRelatedParties
|
-134000 | usd |
CY2023 | rr |
Cash Used For Lending To Related Parties
CashUsedForLendingToRelatedParties
|
30000 | usd |
CY2023 | us-gaap |
Proceeds From Payments For Long Term Loans For Related Parties
ProceedsFromPaymentsForLongTermLoansForRelatedParties
|
4000 | usd |
CY2024 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-22731000 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-26000 | usd |
CY2023 | us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
200000 | usd |
CY2024 | us-gaap |
Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
|
3792000 | usd |
CY2024 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
3102000 | usd |
CY2023 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
845000 | usd |
CY2024 | us-gaap |
Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
|
3383000 | usd |
CY2024 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
238000 | usd |
CY2023 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
247000 | usd |
CY2023 | us-gaap |
Proceeds From Contributed Capital
ProceedsFromContributedCapital
|
2230000 | usd |
CY2024 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
30182000 | usd |
CY2024 | us-gaap |
Proceeds From Contributed Capital
ProceedsFromContributedCapital
|
9286000 | usd |
CY2024 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
41924000 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
3028000 | usd |
CY2024 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
14133000 | usd |
CY2024Q3 | us-gaap |
Deferred Tax Liabilities Investment In Noncontrolled Affiliates
DeferredTaxLiabilitiesInvestmentInNoncontrolledAffiliates
|
700000000 | usd |
CY2023 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
106000 | usd |
CY2024Q3 | us-gaap |
Convertible Debt Noncurrent
ConvertibleDebtNoncurrent
|
1000000000 | 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 |
CY2024Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
14566000 | usd |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
433000 | usd |
CY2024 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>NOTE 1: Nature of Business</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i>Description of Business</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 16.2pt">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, and is the predecessor of Richtech. Richtech Creative Displays, LLC was established on July 19, 2016 in Nevada.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 16.2pt">We are a leading provider of service robotic solutions. We develop, manufacture, and deploy novel products that address the growing need for automation in the service industry 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 in 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.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i>Risk and Uncertainties</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 16.2pt">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.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i>Emerging Growth Company Status</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 16.2pt">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.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 16.2pt">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.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 16.2pt">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 November 17, 2023, (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.</p> | |
CY2024Q3 | us-gaap |
Amortization Expense Per Dollar Of Gross Revenue
AmortizationExpensePerDollarOfGrossRevenue
|
1235000000 | usd |
CY2024 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i>Use of Estimates</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 16.2pt">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.</p> | |
CY2024 | us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
1 | segment |
CY2024Q3 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
197000 | usd |
CY2023Q3 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
333000 | usd |
CY2024Q3 | us-gaap |
Furniture And Fixtures Gross
FurnitureAndFixturesGross
|
788000 | usd |
CY2023Q3 | us-gaap |
Furniture And Fixtures Gross
FurnitureAndFixturesGross
|
63000 | usd |
CY2024Q3 | us-gaap |
Leasehold Improvements Gross
LeaseholdImprovementsGross
|
4000 | usd |
CY2023Q3 | us-gaap |
Leasehold Improvements Gross
LeaseholdImprovementsGross
|
4000 | usd |
CY2024Q3 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
792000 | usd |
CY2023Q3 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
67000 | usd |
CY2024Q3 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
54000 | usd |
CY2023Q3 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
39000 | usd |
CY2024Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
738000 | usd |
CY2023Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
28000 | usd |
CY2024 | us-gaap |
Depreciation
Depreciation
|
15000 | usd |
CY2023 | us-gaap |
Depreciation
Depreciation
|
13000 | usd |
CY2024Q3 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
619000 | usd |
CY2023Q3 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
164000 | usd |
CY2024Q3 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
529000 | usd |
CY2023Q3 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
658000 | usd |
CY2024Q3 | us-gaap |
Inventory Net
InventoryNet
|
1148000 | usd |
CY2023Q3 | us-gaap |
Inventory Net
InventoryNet
|
822000 | usd |
CY2024Q3 | us-gaap |
Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
|
P10Y | |
CY2024Q3 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
7687000 | usd |
CY2024Q3 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
67000 | usd |
CY2024Q3 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
7620000 | usd |
CY2024 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
67 | usd |
CY2023 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
0 | usd |
CY2024Q3 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
506000 | usd |
CY2023Q3 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
315000 | usd |
CY2024 | us-gaap |
Stockholders Equity Note Stock Split
StockholdersEquityNoteStockSplit
|
4-for-1 | |
CY2023Q4 | us-gaap |
Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
|
2100000 | shares |
CY2023Q4 | us-gaap |
Sale Of Stock Price Per Share
SaleOfStockPricePerShare
|
5 | |
CY2024 | us-gaap |
Proceeds From Sale Of Intangible Assets
ProceedsFromSaleOfIntangibleAssets
|
5470000 | usd |
CY2024 | rr |
Percentage Of Tax Positions
PercentageOfTaxPositions
|
0.50 | pure |
CY2024 | us-gaap |
Effective Income Tax Rate Reconciliation Deductions Medicare Prescription Drug Benefit
EffectiveIncomeTaxRateReconciliationDeductionsMedicarePrescriptionDrugBenefit
|
0.50 | pure |
CY2024 | rr |
Leases Terms
LeasesTerms
|
P12M | |
CY2024Q3 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
150000 | usd |
CY2023Q3 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
161000 | usd |
CY2024 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-8140000 | usd |
CY2023 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-339000 | usd |
CY2024 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
69953723 | shares |
CY2023 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
62166846 | shares |
CY2024 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.12 | |
CY2024 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.12 | |
CY2023 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.01 | |
CY2023 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.01 | |
CY2024 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
763000 | usd |
CY2024 | us-gaap |
Income Tax Reconciliation Nondeductible Expense Impairment Losses
IncomeTaxReconciliationNondeductibleExpenseImpairmentLosses
|
8139000 | usd |
CY2024 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
CY2024 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-0.2322 | pure |
CY2024 | rr |
Rt Pamp Deferred Trueup
RTPampDeferredTrueup
|
0.0177 | pure |
CY2024 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
|
-0.0023 | pure |
CY2024 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.0076 | pure |
CY2024 | rr |
Mamp Ein Shares
MampEinShares
|
-0.0008 | pure |
CY2024 | rr |
Tx Franchise Tax
TXFranchiseTax
|
-0.0001 | pure |
CY2024 | us-gaap |
Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
|
0 | pure |
CY2024Q3 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
356000 | usd |
CY2023Q3 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
154000 | usd |
CY2024Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
506000 | usd |
CY2023Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
315000 | usd |
CY2024 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
-0.0001 | pure |
CY2024Q3 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
1474000 | usd |
CY2024Q3 | us-gaap |
Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
|
7000 | usd |
CY2024Q3 | us-gaap |
Deferred Tax Assets In Process Research And Development
DeferredTaxAssetsInProcessResearchAndDevelopment
|
498000 | usd |
CY2024Q3 | rr |
Right Os Use Liability
RightOsUseLiability
|
157000 | usd |
CY2024Q3 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
43000 | usd |
CY2024Q3 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
2179000 | usd |
CY2024Q3 | us-gaap |
Deferred Tax Liabilities Other Finite Lived Assets
DeferredTaxLiabilitiesOtherFiniteLivedAssets
|
157000 | usd |
CY2024Q3 | us-gaap |
Deferred Tax Liabilities Deferred Expense
DeferredTaxLiabilitiesDeferredExpense
|
8000 | usd |
CY2024Q3 | us-gaap |
Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
|
4000 | usd |
CY2024Q3 | us-gaap |
Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
|
169000 | usd |
CY2024Q3 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
2010000 | usd |
CY2024Q3 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
2010000 | usd |
CY2024 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
224000 | usd |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
209000 | usd |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
247000 | usd |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
255000 | usd |
CY2024Q3 | rr |
Lessee Operating Lease Liability Payment Due
LesseeOperatingLeaseLiabilityPaymentDue
|
711000 | usd |
CY2023Q3 | us-gaap |
Short Term Investments
ShortTermInvestments
|
usd | |
CY2023Q3 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
usd | |
CY2023Q3 | us-gaap |
Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
|
usd | |
CY2024Q3 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2023Q3 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2023 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
usd | |
CY2023 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
usd | |
CY2024 | rr |
Stock Issued During Period Value Issuance Of Common Shares For Loan Settlement
StockIssuedDuringPeriodValueIssuanceOfCommonSharesForLoanSettlement
|
usd | |
CY2024 | us-gaap |
Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
|
usd | |
CY2024 | us-gaap |
Stock Issued During Period Value Employee Stock Ownership Plan
StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan
|
usd | |
CY2024 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
usd | |
CY2023 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
usd | |
CY2023 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
usd | |
CY2023 | us-gaap |
Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
|
usd | |
CY2023 | us-gaap |
Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
|
usd | |
CY2024 | us-gaap |
Proceeds From Payments For Long Term Loans For Related Parties
ProceedsFromPaymentsForLongTermLoansForRelatedParties
|
usd | |
CY2024 | us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
usd | |
CY2023 | us-gaap |
Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
|
usd | |
CY2023 | us-gaap |
Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
|
usd | |
CY2023 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
usd | |
CY2023Q3 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
usd | |
CY2023Q3 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
usd | |
CY2023Q3 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
usd | |
CY2024Q3 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
usd | |
CY2024 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2024 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
FY | |
CY2024 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001963685 | |
CY2024Q3 | dei |
Entity Public Float
EntityPublicFloat
|
0 | usd |
CY2024 | dei |
Entity Registrant Name
EntityRegistrantName
|
RICHTECH ROBOTICS INC. | |
CY2024 | dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
NV | |
CY2024Q3 | us-gaap |
Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
|
usd |