ReposiTrak, Inc. Files 10-Q for Period Ending March 31, 2024

TL;DR

<b>ReposiTrak, Inc. filed its Q3 2024 10-Q report, detailing financial performance and operational status.</b>

AI Summary

ReposiTrak, Inc. (TRAK) filed a Quarterly Report (10-Q) with the SEC on May 15, 2024. ReposiTrak, Inc. filed a 10-Q report for the period ending March 31, 2024. The filing covers the third quarter of fiscal year 2024. The company's fiscal year ends on June 30th. ReposiTrak, Inc. is incorporated in Nevada. The company's business address is in Murray, Utah.

Why It Matters

For investors and stakeholders tracking ReposiTrak, Inc., this filing contains several important signals. This filing provides investors with the latest financial data and operational insights for ReposiTrak, Inc. as of March 31, 2024. Understanding the 10-Q is crucial for assessing the company's financial health, growth trajectory, and potential risks.

Risk Assessment

Risk Level: low — ReposiTrak, Inc. shows low risk based on this filing. The filing is a standard quarterly report (10-Q) and does not contain immediate, significant negative news or events.

Analyst Insight

Monitor future filings for revenue growth, net income trends, and any updates on strategic initiatives or market conditions affecting ReposiTrak, Inc.

Key Numbers

• 2024-03-31 — Period End Date (Quarterly report period)
• 2024-05-15 — Filing Date (Date the 10-Q was filed)
• 06-30 — Fiscal Year End (Company's fiscal year end date)
• NV — State of Incorporation (Legal domicile of the company)

Key Players & Entities

• ReposiTrak, Inc. (company) — Filer of the 10-Q report
• 2024-03-31 (date) — Period of report
• 2024-05-15 (date) — Filing date
• Murray, UT (location) — Business and mailing address
• Nevada (location) — State of incorporation
• PARK CITY GROUP INC (company) — Former company name
• FIELDS TECHNOLOGIES INC (company) — Former company name
• AMERINET GROUP COM INC (company) — Former company name

FAQ

Industry Context

ReposiTrak, Inc. operates in the services sector, specifically computer processing and data preparation (SIC 7374).

Regulatory Implications

The filing is a standard 10-Q, adhering to the reporting requirements of the Securities Exchange Act of 1934.

What Investors Should Do

1. Review the full 10-Q document for detailed financial statements and management's discussion and analysis.
2. Compare the reported figures with previous quarters and the same quarter last year to identify trends.
3. Analyze any disclosed risk factors or legal proceedings for potential impacts on the company.

Key Dates

• 2024-03-31: Quarter End — End of the reporting period for the 10-Q
• 2024-05-15: Filing Date — Date the 10-Q was officially submitted to the SEC

Year-Over-Year Comparison

This is the 10-Q filing for the period ending March 31, 2024. Specific comparative data from the previous filing (likely a 10-Q for the period ending December 31, 2023, or an 8-K) is not detailed in this header information.

Key Financial Figures

• $0.01 — registered Common stock, par value $0.01 per share TRAK New York Stock Excha

Filing Documents

• trak20240331_10q.htm (10-Q) — 1259KB
• ex_661393.htm (EX-31.1) — 10KB
• ex_661394.htm (EX-31.2) — 10KB
• ex_661395.htm (EX-32.1) — 5KB
• ex_661396.htm (EX-32.2) — 5KB
• 0001437749-24-017141.txt (&nbsp;) — 4693KB
• trak-20240331.xsd (EX-101.SCH) — 30KB
• trak-20240331_def.xml (EX-101.DEF) — 215KB
• trak-20240331_lab.xml (EX-101.LAB) — 216KB
• trak-20240331_pre.xml (EX-101.PRE) — 242KB
• trak-20240331_cal.xml (EX-101.CAL) — 32KB
• trak20240331_10q_htm.xml (XML) — 671KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION Item 1.

Financial Statements

Financial Statements 1 Consolidated Condensed Balance Sheets as of March 31, 2024 and June 30, 2023 (Unaudited) 1 Consolidated Condensed Statements of Operations and Comprehensive Income for the Three and Nine months Ended March 31, 2024 and 2023 (Unaudited) 2 Consolidated Condensed Statements of Cash Flows for the Nine months Ended March 31, 2024 and 2023 (Unaudited) 3 Consolidated Condensed Statements of Stockholders' Equity for the Three and Nine months Ended March 31, 2024 and 2023 (Unaudited) 4 Notes to Consolidated Condensed Financial Statements 6 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 14 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 24 Item 4.

Controls and Procedures

Controls and Procedures 25

OTHER INFORMATION

PART II OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 26 Item 1A.

Risk Factors

Risk Factors 26 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 26 Item 3. Defaults Upon Senior Securities 26 Item 5. Other Information 26 Item 6. Exhibits 26

Signatures

Signatures 27 PART I FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS REPOSITRAK, INC. Consolidated Condensed Balance Sheets (Unaudited) March 31, 2024 June 30, 2023 Assets Current Assets Cash and cash equivalents $ 24,452,680 $ 23,990,879 Receivables, net of allowance for doubtful accounts of $ 226,198 and $ 170,103 at March 31, 2024 and June 30, 2023, respectively 3,776,472 2,523,019 Contract asset – unbilled current portion 147,520 186,959 Prepaid expense and other current assets 451,041 573,763 Total Current Assets 28,827,713 27,274,620 Property and Equipment, net 591,724 986,300 Other Assets: Deposits and other assets 22,414 22,414 Prepaid expense – less current portion 6,677 36,282 Contract asset – unbilled long-term portion 108,052 108,052 Operating lease – right-of-use asset 265,726 310,796 Customer relationships 164,250 262,800 Goodwill 20,883,886 20,883,886 Capitalized software costs, net 463,036 698,281 Total Other Assets 21,914,041 22,322,511 Total Assets $ 51,333,478 $ 50,583,431 Liabilities and Shareholders ' Equity Current Liabilities Accounts payable $ 510,412 $ 431,387 Accrued liabilities 1,390,232 1,620,000 Contract liability – deferred revenue 2,466,262 1,903,001 Operating lease liability – current 62,725 58,771 Notes payable and financing leases – current 215,274 219,262 Total Current Liabilities 4,644,905 4,232,421 Long-Term Liabilities Operating lease liability – less current portion 215,676 263,047 Notes payable and financing leases – less current portion - 206,032 Total Liabilities 4,860,581 4,701,500 Commitments and Contingencies Stockholders ' Equity: Preferred Stock; $ 0.01 par value, 30,000,000 shares authorized; Series B Preferred, 700,000 shares authorized; 625,375 shares issued and outstanding at March 31, 2024 and June 30, 2023; 6,254 6,254 Series B-1 Preferred, 550,000 shares authorized; 72,216 and 212,402 sh

View Full Filing

View this 10-Q filing on SEC EDGAR