What changed in this filing

/stocks — the workspaceLOADING

Item 1. Business

2020-09-24 compared with 2019-09-19 · 64 added, 58 removed, 184 unchanged (40% of the section changed)

1 unchanged sentence

Research Solutions

was incorporated in the State of Nevada on November 2, 2006, and is a publicly traded holding company with two wholly owned subsidiaries

at June 30, 2019:

was incorporated in the State of Nevada on November 2, 2006, and is a publicly traded holding company with two wholly owned

subsidiaries at June 30, 2020:

Reprints Desk, Inc., a Delaware corporation and Reprints Desk Latin America S.

de C.V, an entity organized

under the laws of Mexico.

two service offerings to our customers:

annual licenses that allow customers to access and utilize certain premium features of

our cloud based software-as-a-service (“SaaS”) research intelligence platform (“Platforms”) and the transactional

sale of published scientific, technical, and medical (“STM”) content managed, sourced and delivered through the Platform

de C.V, an entity organized under the laws of Mexico.

We provide two service

offerings to our customers:

annual licenses that allow customers to access and utilize certain premium features of our cloud based

software-as-a-service (“SaaS”) research intelligence platform (“Platforms”) and the transactional sale

of published scientific, technical, and medical (“STM”) content managed, sourced and delivered through the Platform

(“Transactions”).

2 unchanged sentences

and data used throughout the intellectual property development lifecycle.

Our cloud-based SaaS research intelligence platform consists of proprietary software and Internet-based

interfaces sold to customers for an annual subscription fee.

Legacy functionality allows customers to initiate orders, route orders

for the lowest cost acquisition, manage transactions, obtain spend and usage reporting, automate authentication, and connect seamlessly

to in-house and third-party software systems.

Customers can also enhance the information resources they already own or license

and collaborate around bibliographic information.

Our cloud-based

SaaS research intelligence platform consists of proprietary software and Internet-based interfaces sold to customers for an annual

subscription fee.

Legacy functionality allows customers to initiate orders, route orders for the lowest cost acquisition, manage

transactions, obtain spend and usage reporting, automate authentication, and connect seamlessly to in-house and third-party software

Customers can also enhance the information resources they already own or license and collaborate around bibliographic

functionality has recently been added to our Platform in the form of interactive app-like gadgets.

18 unchanged sentences

These individuals are our primary users.

Our Platform allows customers to find and download digital versions of STM articles that are critical

to their research.

Customers submit orders for the articles they need which we source and electronically deliver to them generally

in under an hour.

This service is generally known in the industry as single article delivery or document delivery.

We also obtain

the necessary permission licenses from the content publisher or other rights holder so that our customer’s use complies with

applicable copyright laws.

We have arrangements with hundreds of content publishers that allow us to distribute their content.

The majority of these publishers provide us with electronic access to their content, which allows us to electronically deliver

single articles to our customers often in a matter of minutes.

allows customers to find and download digital versions of STM articles that are critical to their research.

Customers submit orders

for the articles they need which we source and electronically deliver to them generally in under an hour.

This service is generally

known in the industry as single article delivery or document delivery.

We also obtain the necessary permission licenses from the

content publisher or other rights holder so that our customer’s use complies with applicable copyright laws.

We have arrangements

with hundreds of content publishers that allow us to distribute their content.

The majority of these publishers provide us with

electronic access to their content, which allows us to electronically deliver single articles to our customers often in a matter

Competitive Strengths

21 unchanged sentences

has well over 100 years of experience satisfying customers across the information services and STM publishing and technology industries.

We are led by CEO Peter Derycz, an innovator in the space for more many decades and earning many accolades along the way, including

being nominated to the Pharma Voice 100 list of most inspiring people in the Pharmaceutical industry.

We are led by CEO Peter Derycz, an innovator in the space for many decades who has earned many accolades, including being nominated

to the Pharma Voice 100 list of most inspiring people in the Pharmaceutical industry.

Customer Loyalty

4 unchanged sentences

advisory firm Outsell, Inc.:

customer satisfaction (depth and breadth of coverage, fair pricing, and ease of doing business) and

loyalty (intention to renew or continue service, and willingness to recommend the service to others).

customer satisfaction (depth and breadth of coverage, fair pricing, and ease of doing business)

and loyalty (intention to renew or continue service, and willingness to recommend the service to others).

Industry Presence

5 unchanged sentences

of content publishers that allow us to distribute their content.

Although we do not have exclusive relationships with these content

publishers, the aggregate number of in place agreements are essential to our value proposition, market presence, and our ability

to satisfy the requirements of our customers.

We employ a segment-focused

22 unchanged sentences

improving our operations and technology to ensure that they are capable of delivering proposed solutions and supporting future

Product Development

We seek to grow revenue

through product differentiation, and the development of new products that are attractive to new and existing customers.

on product development leads us to continually explore options to strengthen and broaden our service offering portfolio.

and Combinations

22 unchanged sentences

Company Services

In May 2014, the Financial Accounting Standards Board (“FASB”) issued ASU 2014-09, Revenue

from Contracts with Customers (Topic 606), ("ASC 606").

The underlying principle of ASC 606 is to recognize revenue to

depict the transfer of goods or services to customers at the amount expected to be collected.

We adopted the guidance of ASC 606

on July 1, 2018.

The implementation of ASC 606 had no impact on the consolidated financial statements and no cumulative effect

adjustment was recognized.

In May 2014, the

Financial Accounting Standards Board (“FASB”) issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606),

("ASC 606").

The underlying principle of ASC 606 is to recognize revenue to depict the transfer of goods or services

to customers at the amount expected to be collected.

We adopted the guidance of ASC 606 on July 1, 2018.

The implementation

of ASC 606 had no impact on the consolidated financial statements and no cumulative effect adjustment was recognized.

Revenues are recognized

8 unchanged sentences

our agreements:

identify the contract with a customer;

identify the performance obligations in the contract;

determine the transaction price;

allocate the transaction price to performance obligations

in the contract;

recognize revenue as the performance obligation is satisfied.

the contract with a customer;

the performance obligations in the contract;

the transaction price;

the transaction price to performance obligations in the contract;

revenue as the performance obligation is satisfied.

a subscription fee that allows customers to access and utilize certain premium features of our Platform.

52 unchanged sentences

for piracy increases.

Single Article Delivery Vendors and Content Aggregators - Our primary competitors for global, full-service single article

delivery services are Copyright Clearance Center, regional interlibrary loan networks throughout the world such as those owned

and operated by OCLC, and numerous national libraries located outside of the United States.

Single Article Delivery Vendors and Content Aggregators - Our primary competitors for global, full-service single

article delivery services are Copyright Clearance Center, regional interlibrary loan networks throughout the world such as those

owned and operated by OCLC, and numerous national libraries located outside of the United States.

In-House Services - While single article delivery services are challenging for our customers to provide in-house, many

4 unchanged sentences

Research Solutions

was incorporated in the State of Nevada on November 2, 2006, and in November 2006 entered into a Share Exchange Agreement with

Reprints Desk.

At the closing of the transaction contemplated by the Share Exchange Agreement, Research Solutions acquired all

of the outstanding shares of Reprints Desk from its stockholders and issued 8,000,003 shares of common stock to the former stockholders

of Reprints Desk.

Following completion of the exchange transaction, Reprints Desk became a wholly-owned subsidiary of Research

On July 24, 2012, we

formed Reprints Desk Latin America to provide operational and administrative support services to Reprints Desk.

On March 4, 2013, we

consummated a merger with DYSC Subsidiary Corporation, our wholly-owned subsidiary, pursuant to which we, in connection with such

merger, amended our Articles of Incorporation to change our name to Research Solutions, Inc.

was incorporated in the State of Nevada on November 2, 2006, and in November 2006 entered into a Share Exchange Agreement

with Reprints Desk.

At the closing of the transaction contemplated by the Share Exchange Agreement, Research Solutions acquired

all of the outstanding shares of Reprints Desk from its stockholders and issued 8,000,003 shares of common stock to the former

stockholders of Reprints Desk.

Following completion of the exchange transaction, Reprints Desk became a wholly-owned subsidiary

of Research Solutions.

On July 24, 2012,

we formed Reprints Desk Latin America to provide operational and administrative support services to Reprints Desk.

On March 4, 2013,

we consummated a merger with DYSC Subsidiary Corporation, our wholly-owned subsidiary, pursuant to which we, in connection with

such merger, amended our Articles of Incorporation to change our name to Research Solutions, Inc.

(formerly Derycz Scientific, Inc.).

2 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 1. Business