10-K Filing

RICHTECH ROBOTICS INC. CIK: 1963685 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0001213900-24-003044`
Period End Date	20230930
Filing Date	20240111
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	f10k2023_richtech_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 36 Cash Flow Statement 56 Stockholders Equity 16

Balance Sheet 50 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, net of allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$86.00K	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$333.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$327.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$433.00K	USD	Point-in-time
Accounts receivable, (net of allowance for doubtful accounts of $333 and $86 as of September 30, 2023 and 2022, respectively)	`AccountsReceivableNetCurrent`	$1.66M	USD	Point-in-time
Accounts receivable, (net of allowance for doubtful accounts of $333 and $86 as of September 30, 2023 and 2022, respectively)	`AccountsReceivableNetCurrent`	$5.58M	USD	Point-in-time
Inventory	`InventoryNet`	$822.00K	USD	Point-in-time
Inventory	`InventoryNet`	$1.37M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$17.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$41.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.98M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.50M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$28.00K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$41.00K	USD	Point-in-time
Deferred tax assets, net	`DeferredIncomeTaxAssetsNet`	-	USD	Point-in-time
Deferred tax assets, net	`DeferredIncomeTaxAssetsNet`	$518.00K	USD	Point-in-time
Operating lease right-of-use-assets	`OperatingLeaseRightOfUseAsset`	$315.00K	USD	Point-in-time
Operating lease right-of-use-assets	`OperatingLeaseRightOfUseAsset`	$382.00K	USD	Point-in-time
Other assets, non-current	`OtherAssetsNoncurrent`	$10.00K	USD	Point-in-time
Other assets, non-current	`OtherAssetsNoncurrent`	$10.00K	USD	Point-in-time
Total assets	`Assets`	$3.94M	USD	Point-in-time
Total assets	`Assets`	$7.85M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.13M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$175.00K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$57.00K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$59.00K	USD	Point-in-time
Short-term loan	`ShortTermBorrowings`	$845.00K	USD	Point-in-time
Tax Payable	`TaxesPayableCurrent`	$117.00K	USD	Point-in-time
Tax Payable	`TaxesPayableCurrent`	$461.00K	USD	Point-in-time
Operating lease liabilities, current	`OperatingLeaseLiabilityCurrent`	$108.00K	USD	Point-in-time
Operating lease liabilities, current	`OperatingLeaseLiabilityCurrent`	$161.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$741.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.89M	USD	Point-in-time
Operating lease liabilities, non-current	`OperatingLeaseLiabilityNoncurrent`	$279.00K	USD	Point-in-time
Operating lease liabilities, non-current	`OperatingLeaseLiabilityNoncurrent`	$154.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.02M	USD	Point-in-time
Total liabilities	`Liabilities`	$3.04M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$4.61M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.38M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$201.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$540.00K	USD	Point-in-time
Total controlling stockholders equity	`StockholdersEquity`	$2.92M	USD	Point-in-time
Total controlling stockholders equity	`StockholdersEquity`	$4.81M	USD	Point-in-time
Total controlling stockholders equity	`StockholdersEquity`	$1.87M	USD	Point-in-time
Total stockholders equity	`MinorityInterest`	$2.92M	USD	Point-in-time
Total stockholders equity	`MinorityInterest`	$4.81M	USD	Point-in-time
Total liabilities, preferred stock and stockholders equity	`LiabilitiesAndStockholdersEquity`	$3.94M	USD	Point-in-time
Total liabilities, preferred stock and stockholders equity	`LiabilitiesAndStockholdersEquity`	$7.85M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Diluted net loss per share of common stock	`EarningsPerShareDiluted`	$-0.01	USD	Annual
Revenue, net	`Revenues`	$8.76M	USD	Annual
Revenue, net	`Revenues`	$6.05M	USD	Annual
Diluted net loss per share of common stock	`EarningsPerShareDiluted`	$-0.01	USD	Annual
Weighted average shares used to compute diluted net loss per share	`WeightedAverageNumberOfDilutedSharesOutstanding`	62.17M	shares	Annual
Weighted average shares used to compute diluted net loss per share	`WeightedAverageNumberOfDilutedSharesOutstanding`	40.00M	shares	Annual
Cost of revenue, net	`CostOfRevenue`	$2.74M	USD	Annual
Cost of revenue, net	`CostOfRevenue`	$2.10M	USD	Annual
Gross profit	`GrossProfit`	$6.01M	USD	Annual
Gross profit	`GrossProfit`	$3.95M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$1.77M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$1.98M	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	$238.00K	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	$297.00K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$2.26M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$3.51M	USD	Annual
Total operating expenses	`OperatingExpenses`	$5.73M	USD	Annual
Total operating expenses	`OperatingExpenses`	$4.33M	USD	Annual
Gain/(Loss) from operations	`OperatingIncomeLoss`	$-376.00K	USD	Annual
Gain/(Loss) from operations	`OperatingIncomeLoss`	$289.00K	USD	Annual
Interest expense, net	`InvestmentIncomeInvestmentExpense`	$18.00K	USD	Annual
Interest expense, net	`InvestmentIncomeInvestmentExpense`	$734.00K	USD	Annual
Total other expense	`OtherNonoperatingIncomeExpense`	$-734.00K	USD	Annual
Total other expense	`OtherNonoperatingIncomeExpense`	$-18.00K	USD	Annual
Loss before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-445.00K	USD	Annual
Loss before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-394.00K	USD	Annual
Income tax benefit/(expense)	`IncomeTaxExpenseBenefit`	$-106.00K	USD	Annual
Income tax benefit/(expense)	`IncomeTaxExpenseBenefit`	$113.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-507.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-339.00K	USD	Annual
Net loss attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-339.00K	USD	Annual
Net loss attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-507.00K	USD	Annual
Basic net loss per share of common stock (in Dollars per share)	`EarningsPerShareBasic`	$-0.01	USD	Annual
Basic net loss per share of common stock (in Dollars per share)	`EarningsPerShareBasic`	$-0.01	USD	Annual
Weighted average shares used to compute basic net loss per share (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	40.00M	shares	Annual
Weighted average shares used to compute basic net loss per share (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	62.17M	shares	Annual

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-507.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-339.00K	USD	Annual
Non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	Annual
Non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$57.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.61M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.92M	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$389.00K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$-551.00K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$31.00K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-23.00K	USD	Annual
Right-of-use asset	`IncreaseDecreaseInRightofuseAsset`	$382.00K	USD	Annual
Right-of-use asset	`IncreaseDecreaseInRightofuseAsset`	$-67.00K	USD	Annual
Deferred tax assets	`IncreaseDecreaseInDeferredIncomeTaxes`	$518.00K	USD	Annual
Deferred tax assets	`IncreaseDecreaseInDeferredIncomeTaxes`	-	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$951.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-305.00K	USD	Annual
Tax payable	`IncreaseDecreaseInAccruedTaxesPayable`	$344.00K	USD	Annual
Tax payable	`IncreaseDecreaseInAccruedTaxesPayable`	$108.00K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$3.00K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$28.00K	USD	Annual
Operating lease liabilities, current	`IncreaseDecreaseInOperatingLeaseLiabilityCurrent`	$-108.00K	USD	Annual
Operating lease liabilities, current	`IncreaseDecreaseInOperatingLeaseLiabilityCurrent`	$108.00K	USD	Annual
Operating lease liabilities, non-current	`IncreaseDecreaseInOperatingLeaseLiabilityNoncurrent`	$36.00K	USD	Annual
Operating lease liabilities, non-current	`IncreaseDecreaseInOperatingLeaseLiabilityNoncurrent`	$279.00K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.91M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.65M	USD	Annual
Sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$13.00K	USD	Annual
Sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$64.00K	USD	Annual
Cash used for lending to related parties	`PaymentsToFundLongtermLoansToRelatedParties`	$30.00K	USD	Annual
Cash used for lending to related parties	`PaymentsToFundLongtermLoansToRelatedParties`	$108.00K	USD	Annual
Cash collection from loan to related parties	`ProceedsFromCollectionOfLongtermLoansToRelatedParties`	-	USD	Annual
Cash collection from loan to related parties	`ProceedsFromCollectionOfLongtermLoansToRelatedParties`	$4.00K	USD	Annual
Net cash received (used) in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-13.00K	USD	Annual
Net cash received (used) in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-44.00K	USD	Annual
Proceeds from the issuance of related party debt	`ProceedsFromRelatedPartyDebt`	$200.00K	USD	Annual
Proceeds from the issuance of related party debt	`ProceedsFromRelatedPartyDebt`	$190.00K	USD	Annual
Payment of related party debt	`RepaymentsOfRelatedPartyDebt`	-	USD	Annual
Payment of related party debt	`RepaymentsOfRelatedPartyDebt`	$247.00K	USD	Annual
Payment of long-term loans	`RepaymentsOfLongTermDebt`	$26.00K	USD	Annual
Payment of long-term loans	`RepaymentsOfLongTermDebt`	-	USD	Annual
Proceeds from short-term loans	`ProceedsFromShortTermDebt`	$845.00K	USD	Annual
Proceeds from short-term loans	`ProceedsFromShortTermDebt`	-	USD	Annual
Proceeds from stockholder capital injection	`ProceedsFromContributedCapital`	$2.23M	USD	Annual
Proceeds from stockholder capital injection	`ProceedsFromContributedCapital`	$1.50M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.66M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.03M	USD	Annual
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.03M	USD	Annual
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$106.00K	USD	Annual
Cash, cash equivalents and restricted cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$433.00K	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$327.00K	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.35M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$433.00K	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$327.00K	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.35M	USD	Point-in-time
Disposition of subsidiaries	`DispositionOfSubsidiaries`	$-17.00K	USD	Annual
Disposition of subsidiaries	`DispositionOfSubsidiaries`	-	USD	Annual

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Balances	`StockholdersEquity`	$2.92M	USD	Point-in-time
Balances	`StockholdersEquity`	$4.81M	USD	Point-in-time
Balances	`StockholdersEquity`	$1.87M	USD	Point-in-time
Common stock issued for cash	`StockIssuedDuringPeriodValueNewIssues`	$2.23M	USD	Annual
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$38.32M	USD	Annual
Provision of common stock issued for future services	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$38.32M	USD	Annual
Conversion from class A to Class B common stock	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	-	USD	Annual
Shareholder capital injection	`AdjustmentToPaidinCapitalShareholderCapitalInjection`	$1.50M	USD	Annual
Conversion of member units to common stock	`ConversionOfStockAmountConverted1`	-	USD	Annual
Non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	Annual
Non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$57.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-507.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-339.00K	USD	Annual
Balances	`StockholdersEquity`	$2.92M	USD	Point-in-time
Balances	`StockholdersEquity`	$4.81M	USD	Point-in-time
Balances	`StockholdersEquity`	$1.87M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.