$RSSS
Research Solutions, Inc. Stock $rsss

$rsss Overview Financials Valuation SEC Filings Company Website

2018 Q1 Form 10-Q Financial Statement

#000114420418008924 Filed on February 14, 2018

Income Statement

Concept	2018 Q1	2017 Q4	2016 Q4
Revenue	$7.282M	$6.823M	$8.530M
YoY Change	9.66%	-20.01%	-8.43%
Cost Of Revenue	$5.363M	$5.087M	$4.710M
YoY Change	5.99%	8.0%	-38.98%
Gross Profit	$1.918M	$1.736M	$1.375M
YoY Change	20.65%	26.21%	-13.84%
Gross Profit Margin	26.35%	25.44%	16.12%
Selling, General & Admin	$2.156M	$2.392M	$2.400M
YoY Change	-7.46%	-0.33%	28.05%
% of Gross Profit	112.39%	137.8%	174.5%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$30.00K	$50.00K	$30.00K
YoY Change	-25.0%	66.67%	50.0%
% of Gross Profit	1.56%	2.88%	2.18%
Operating Expenses	$2.189M	$2.438M	$2.434M
YoY Change	-7.25%	0.17%	28.76%
Operating Profit	-$270.5K	-$702.4K	-$1.059M
YoY Change	-64.87%	-33.65%	260.08%
Interest Expense	$0.00	$3.000K	$3.000K
YoY Change		0.0%	0.0%
% of Operating Profit
Other Income/Expense, Net	$15.77K	$8.312K	$2.424K
YoY Change	57.69%	242.9%	47.71%
Pretax Income	-$254.7K	-$694.1K	-$1.056M
YoY Change	-66.92%	-34.28%	261.27%
Income Tax	$10.53K	$9.816K	$9.337K
% Of Pretax Income
Net Earnings	-$196.0K	-$624.6K	-$843.0K
YoY Change	-69.26%	-25.91%	182.47%
Net Earnings / Revenue	-2.69%	-9.15%	-9.88%
Basic Earnings Per Share
Diluted Earnings Per Share	-$8.511K	-$26.43K	-$36.21K
COMMON SHARES
Basic Shares Outstanding	24.15M shares		23.89M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2018 Q1	2017 Q4	2016 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments	$4.800M	$4.920M	$6.750M
YoY Change	-8.4%	-27.11%	283.52%
Cash & Equivalents	$4.801M	$4.925M	$6.749M
Short-Term Investments
Other Short-Term Assets	$430.0K	$1.050M	$1.440M
YoY Change	-70.75%	-27.08%	114.93%
Inventory
Prepaid Expenses
Receivables	$4.340M	$3.740M	$5.066M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$9.570M	$9.720M	$13.25M
YoY Change	-19.58%	-26.64%	68.71%
LONG-TERM ASSETS
Property, Plant & Equipment	$410.0K	$440.0K	$70.00K
YoY Change	-22.64%	528.57%	-25.85%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$10.00K	$363.2K	$20.00K
YoY Change	-97.75%	1715.79%	100.0%
Total Long-Term Assets	$440.0K	$450.0K	$170.0K
YoY Change	-27.87%	164.71%	63.83%
TOTAL ASSETS
Total Short-Term Assets	$9.570M	$9.720M	$13.25M
Total Long-Term Assets	$440.0K	$450.0K	$170.0K
Total Assets	$10.01M	$10.17M	$13.42M
YoY Change	-19.98%	-24.22%	68.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$4.690M	$5.050M	$7.140M
YoY Change	-26.03%	-29.27%	10.87%
Accrued Expenses	$120.0K	$120.0K
YoY Change	33.33%
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	$6.460M	$6.480M	$8.310M
YoY Change	-14.89%	-22.02%	19.63%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$240.0K	$270.0K
YoY Change	-33.33%
Total Long-Term Liabilities	$240.0K	$270.0K	$0.00
YoY Change	-33.33%
TOTAL LIABILITIES
Total Short-Term Liabilities	$6.460M	$6.480M	$8.310M
Total Long-Term Liabilities	$240.0K	$270.0K	$0.00
Total Liabilities	$6.700M	$6.745M	$8.310M
YoY Change	-15.7%	-18.83%	19.57%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$3.315M	$3.429M	$5.110M
YoY Change
Total Liabilities & Shareholders Equity	$10.01M	$10.17M	$13.42M
YoY Change	-19.98%	-24.22%	68.64%

Cashflow Statement

Concept	2018 Q1	2017 Q4	2016 Q4
OPERATING ACTIVITIES
Net Income	-$196.0K	-$624.6K	-$843.0K
YoY Change	-69.26%	-25.91%	182.47%
Depreciation, Depletion And Amortization	$30.00K	$50.00K	$30.00K
YoY Change	-25.0%	66.67%	50.0%
Cash From Operating Activities	-$50.00K	$460.0K	$250.0K
YoY Change	-96.58%	84.0%	-32.43%
INVESTING ACTIVITIES
Capital Expenditures	-$50.00K	$0.00	-$10.00K
YoY Change	150.0%	-100.0%	-75.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities	-$50.00K	$0.00	-$10.00K
YoY Change	150.0%	-100.0%	-75.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-30.00K	-60.00K	-50.00K
YoY Change	200.0%	20.0%	150.0%
NET CHANGE
Cash From Operating Activities	-50.00K	460.0K	250.0K
Cash From Investing Activities	-50.00K	0.000	-10.00K
Cash From Financing Activities	-30.00K	-60.00K	-50.00K
Net Change In Cash	-130.0K	400.0K	190.0K
YoY Change	-91.28%	110.53%	-38.71%
FREE CASH FLOW
Cash From Operating Activities	-$50.00K	$460.0K	$250.0K
Capital Expenditures	-$50.00K	$0.00	-$10.00K
Free Cash Flow	$0.00	$460.0K	$260.0K
YoY Change	-100.0%	76.92%	-36.59%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2017Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	363158	USD
CY2017Q2	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	417917	USD
CY2017Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	115263	USD
CY2017Q2	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	110888	USD
CY2017Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	269924	USD
CY2017Q2	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	328299	USD
CY2017Q4	us-gaap	Liabilities Liabilities	6745386	USD
CY2017Q2	us-gaap	Liabilities Liabilities	8217718	USD
CY2017Q4	us-gaap	Gross Profit GrossProfit	1735870	USD
CY2017Q4	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	2391969	USD
CY2017Q4	us-gaap	Operating Expenses OperatingExpenses	2438299	USD
CY2017Q4	us-gaap	Interest Expense InterestExpense	3000	USD
CY2017Q4	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	11312	USD
CY2017Q4	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	8312	USD
CY2017Q4	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	9816	USD
CY2016Q4	us-gaap	Gross Profit GrossProfit	1375386	USD
CY2016Q4	us-gaap	Operating Expenses OperatingExpenses	2434059	USD
CY2016Q4	us-gaap	Interest Expense InterestExpense	3000	USD
CY2016Q4	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	5424	USD
CY2016Q4	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	2424	USD
CY2016Q4	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	9337	USD
CY2017Q4	us-gaap	Depreciation And Amortization DepreciationAndAmortization	46330	USD
CY2017Q4	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	6823220	USD
CY2016Q4	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	6085699	USD
CY2017Q4	us-gaap	Cost Of Services CostOfServices	5087350	USD
CY2016Q4	us-gaap	Cost Of Services CostOfServices	4710313	USD
CY2017Q4	us-gaap	Operating Income Loss OperatingIncomeLoss	-702429	USD
CY2016Q4	us-gaap	Operating Income Loss OperatingIncomeLoss	-1058673	USD
CY2017Q4	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-694117	USD
CY2016Q4	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-1056249	USD
CY2017Q4	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	-703933	USD
CY2016Q4	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	-1065586	USD
CY2017Q4	us-gaap	Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax	79353	USD
CY2016Q4	us-gaap	Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax	0	USD
	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	102955	USD
	us-gaap	Restricted Stock Expense RestrictedStockExpense	177194	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-696302	USD
	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	56140	USD
	us-gaap	Increase Decrease In Prepaid Royalties IncreaseDecreaseInPrepaidRoyalties	1044250	USD
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	11374	USD
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	1449375	USD
	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	527695	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	16091	USD
	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	9751	USD
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	82354	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	62895	USD
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	228491	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	671752	USD
CY2016Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	6748627	USD
	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	3386	USD
CY2017Q4	us-gaap	Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity	79353	USD
CY2016Q4	us-gaap	Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity	222626	USD
CY2017Q4	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-631295	USD
CY2016Q4	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-837765	USD
CY2017Q4	us-gaap	Income Loss From Continuing Operations Per Basic And Diluted Share IncomeLossFromContinuingOperationsPerBasicAndDilutedShare	-0.03
CY2016Q4	us-gaap	Income Loss From Continuing Operations Per Basic And Diluted Share IncomeLossFromContinuingOperationsPerBasicAndDilutedShare	-0.05
CY2017Q4	us-gaap	Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare	0
CY2016Q4	us-gaap	Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare	0.01
CY2017Q4	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.03
CY2016Q4	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.04
CY2017Q4	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	23455654	shares
CY2016Q4	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	23200975	shares
CY2017Q4	us-gaap	Net Income Loss NetIncomeLoss	-624580	USD
CY2016Q4	us-gaap	Net Income Loss NetIncomeLoss	-842960	USD
	us-gaap	Stock Issued During Period Value Restricted Stock Award Gross StockIssuedDuringPeriodValueRestrictedStockAwardGross	205339	USD
	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-15666	USD
	us-gaap	Net Income Loss NetIncomeLoss	-1397545	USD
	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	6233	USD
	us-gaap	Restricted Stock Expense RestrictedStockExpense	205339	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-1726200	USD
	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	-17416	USD
	us-gaap	Increase Decrease In Prepaid Royalties IncreaseDecreaseInPrepaidRoyalties	169863	USD
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	0	USD
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-1389286	USD
	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	-29046	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	29284	USD
	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	14252	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	86898	USD
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	389236	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-849330	USD
CY2016Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	6076875	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid	21567	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid	22942	USD
	us-gaap	Interest Paid Net InterestPaidNet	6000	USD
	us-gaap	Interest Paid Net InterestPaidNet	6000	USD
	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	-12678	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-690161	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	776562	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-102955	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-82354	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-43536	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-25842	USD
	us-gaap	Stock Option Plan Expense StockOptionPlanExpense	6233	USD
	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	0	USD
	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-54000	USD
	us-gaap	Amortization Of Leased Asset AmortizationOfLeasedAsset	54759	USD
	us-gaap	Amortization Of Leased Asset AmortizationOfLeasedAsset	0	USD
	us-gaap	Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax	136502	USD
	us-gaap	Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax	0	USD
CY2017Q4	us-gaap	Line Of Credit Facility Interest Rate At Period End LineOfCreditFacilityInterestRateAtPeriodEnd	0.0675	pure
	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	62881	USD
	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	32564	USD
CY2017Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	3130310	shares
	us-gaap	Cost Of Services CostOfServices	10085751	USD
	us-gaap	Cost Of Services CostOfServices	9455276	USD
CY2017Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	1.15
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross	707000	shares
	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice	1.31
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares	0	shares
	rsss	Share Based Compensation Arrangements By Share Based Payment Award Options Vested In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsVestedInPeriodWeightedAverageExercisePrice	0
	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	175000	shares
	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice	1.1
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod	476875	shares
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice	1.31
CY2017Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	3185435	shares
CY2017Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	1.16
	us-gaap	Stock Repurchased During Period Shares StockRepurchasedDuringPeriodShares	87100	shares
	rsss	Stock Repurchased Average Price Per Share StockRepurchasedAveragePricePerShare	1.18
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1	P5Y11M23D
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	P6Y14D
CY2017Q4	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions	68175	USD
CY2017Q4	us-gaap	Stock Repurchase Program Authorized Amount1 StockRepurchaseProgramAuthorizedAmount1	17600	USD
CY2017Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant	1592130	shares
	dei	Document Type DocumentType	10-Q
	dei	Amendment Flag AmendmentFlag	false
	dei	Document Period End Date DocumentPeriodEndDate	2017-12-31
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2018
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Entity Registrant Name EntityRegistrantName	Research Solutions, Inc.
	dei	Entity Central Index Key EntityCentralIndexKey	0001386301
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--06-30
	dei	Entity Filer Category EntityFilerCategory	Smaller Reporting Company
	dei	Trading Symbol TradingSymbol	RSSS
CY2018Q1	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	24147582	shares
CY2017Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	119462	USD
CY2017Q2	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	119536	USD
CY2017Q2	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	699421	USD
CY2017Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	728271	USD
CY2017Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	679836	USD
CY2017Q2	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	623714	USD
CY2017Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.001
CY2017Q2	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.001
CY2017Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2017Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2017Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	20000000	shares
CY2017Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	20000000	shares
CY2017Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2017Q2	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2017Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2017Q2	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2017Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	100000000	shares
CY2017Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	100000000	shares
CY2017Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	24147582	shares
CY2017Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	24147582	shares
CY2017Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	23883145	shares
CY2017Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	23883145	shares
	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	13571060	USD
	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	12264170	USD
	us-gaap	Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity	136502	USD
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	23166272	shares
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	23418046	shares
	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.05
	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.06
	us-gaap	Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare	0.01
	us-gaap	Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare	0.01
	us-gaap	Income Loss From Continuing Operations Per Basic And Diluted Share IncomeLossFromContinuingOperationsPerBasicAndDilutedShare	-0.06
	us-gaap	Income Loss From Continuing Operations Per Basic And Diluted Share IncomeLossFromContinuingOperationsPerBasicAndDilutedShare	-0.07
	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	1912	USD
CY2016Q4	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	5195	USD
CY2017Q4	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-6715	USD
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-1251714	USD
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-1413211	USD
	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	0	USD
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1	389236	USD
	us-gaap	Use Of Estimates UseOfEstimates	<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif">  <strong><i>Use of Estimates</i></strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting periods. Actual results could differ from these estimates.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">These estimates and assumptions include estimates for reserves of uncollectible accounts, analysis of impairments of recorded intangibles, accruals for potential liabilities, assumptions made in valuing equity instruments issued for services, and realization of deferred tax assets.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
	us-gaap	Revenue Recognition Deferred Revenue RevenueRecognitionDeferredRevenue	<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><strong><i>Deferred Revenue</i></strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif"> <strong><i> </i></strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0px 0px 0px 0.5in; FONT: 10pt Times New Roman, Times, Serif" align="justify">Customer deposits and billings or payments received in advance of revenue recognition are recorded as deferred revenue.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2017Q4	us-gaap	Cash Fdic Insured Amount CashFDICInsuredAmount	250000	USD
	us-gaap	Concentration Risk Benchmark Description ConcentrationRiskBenchmarkDescription	Less than 10%
CY2017Q4	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	485	USD
	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	12872	USD
	us-gaap	Line Of Credit Facility Interest Rate Description LineOfCreditFacilityInterestRateDescription	the prime rate plus 5.25%
CY2017Q4	us-gaap	Line Of Credit Facility Remaining Borrowing Capacity LineOfCreditFacilityRemainingBorrowingCapacity	2490000	USD
CY2017Q4	rsss	Operating Lease Liabilites Fair Value OperatingLeaseLiabilitesFairValue	463000	USD
	rsss	Operating Lease Discount Rate OperatingLeaseDiscountRate	0.0375	pure
	us-gaap	Operating Lease Payments OperatingLeasePayments	54000	USD
CY2017Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	385187	USD
CY2017Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	439187	USD
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate	0	pure
CY2017Q4	us-gaap	Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions	3185435	shares
CY2017Q4	us-gaap	Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions	3082059	shares
CY2017Q2	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2017Q4	us-gaap	Disposal Group Including Discontinued Operation Gross Profit Loss DisposalGroupIncludingDiscontinuedOperationGrossProfitLoss	0	USD
CY2016Q4	us-gaap	Disposal Group Including Discontinued Operation Gross Profit Loss DisposalGroupIncludingDiscontinuedOperationGrossProfitLoss	222626	USD
	us-gaap	Disposal Group Including Discontinued Operation Gross Profit Loss DisposalGroupIncludingDiscontinuedOperationGrossProfitLoss	0	USD
	us-gaap	Disposal Group Including Discontinued Operation Gross Profit Loss DisposalGroupIncludingDiscontinuedOperationGrossProfitLoss	318515	USD
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Other Share Increase Decrease ShareBasedCompensationArrangementByShareBasedPaymentAwardOtherShareIncreaseDecrease	175000	shares
CY2017Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber	1985000	shares
CY2017Q4	rsss	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Exercisable ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExercisable	1985000	shares
CY2016Q4	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	-17631	USD
	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	-20955	USD
CY2017Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2017Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant	1874513	shares
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate	0	pure

Files In Submission

Name	View Source	Status
0001144204-18-008924-index-headers.html	Edgar Link	pending
0001144204-18-008924-index.html	Edgar Link	pending
0001144204-18-008924.txt	Edgar Link	pending
0001144204-18-008924-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
rsss-20171231.xml	Edgar Link	completed
rsss-20171231.xsd	Edgar Link	pending
rsss-20171231_cal.xml	Edgar Link	unprocessable
rsss-20171231_def.xml	Edgar Link	unprocessable
rsss-20171231_lab.xml	Edgar Link	unprocessable
rsss-20171231_pre.xml	Edgar Link	unprocessable
Show.js	Edgar Link	pending
tv484606_10q.htm	Edgar Link	pending
tv484606_ex10-1.htm	Edgar Link	pending
tv484606_ex31-1.htm	Edgar Link	pending
tv484606_ex31-2.htm	Edgar Link	pending
tv484606_ex32-1.htm	Edgar Link	pending
tv484606_ex32-2.htm	Edgar Link	pending
tv484606_img1.jpg	Edgar Link	pending
tv484606_img2.jpg	Edgar Link	pending
tv484606_img3.jpg	Edgar Link	pending
tv484606_img4.jpg	Edgar Link	pending

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2018 Q1 Form 10-Q Financial Statement

#000114420418008924 Filed on February 14, 2018

Income Statement

Balance Sheet

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Facts In Submission

Files In Submission

$RSSS Research Solutions, Inc. Stock $rsss

2018 Q1 Form 10-Q Financial Statement

#000114420418008924 Filed on February 14, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$RSSS
Research Solutions, Inc. Stock $rsss