Company Overview
−Removed: 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, 2021:
−Removed: Reprints Desk, Inc., a Delaware corporation and Reprints Desk Latin America S.
+Added: Research Solutions was incorporated in the State of Nevada on November 2, 2006, and is a publicly traded holding company with three wholly owned subsidiaries at June 30, 2022:
+Added: Reprints Desk, Inc., a Delaware corporation, Reprints Desk Latin America S.
+Added: de C.V, an entity organized under the laws of Mexico, and RESSOL LA, S.
DE C.V., an entity organized under the laws of Mexico.
23 unchanged sentences
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.
−Removed: We have arrangements with hundreds of content publishers that allow us to distribute their content.
−Removed: The majority of these
−Removed: 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.
+Added: arrangements with hundreds of content publishers that allow us to distribute their content.
+Added: 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.
Competitive Strengths
12 unchanged sentences
The majority of our revenue comes from our loyal base of customers, indicative of our focus on customer satisfaction and quality.
−Removed: Since our inception we have ranked first overall and in every category for every Document Delivery Buyer Survey conducted by industry research and advisory firm Outsell, Inc.:
−Removed: 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).
+Added: In Document Delivery Buyer Surveys conducted by industry research and advisory firm Outsell, Inc., we have ranked first overall and in every category for 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).
This is reflected by our gross churn rate in the low single digit range, and a net churn rate in the high single digit range, each as a percentage of revenue.
3 unchanged sentences
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.
−Removed: We employ a segment-focused marketing approach that focuses on traditional buyers such as corporate libraries as well as new types of non-library buyers across a variety of business functions, including those within research and development.
−Removed: In pursuit of growth, we invest in vertical integration and channel relationships to increase the value we
−Removed: provide to customers, extend our promotional reach, and decrease customer acquisition costs.
+Added: We employ a segment-focused marketing approach that focuses on traditional buyers such as corporate libraries as well as new types of non-library buyers across a variety of business functions, including those within research and
+Added: In pursuit of growth, we invest in vertical integration and channel relationships to increase the value we provide to customers, extend our promotional reach, and decrease customer acquisition costs.
We anticipate growth coming from cross-selling into our existing customer base, penetrating new market verticals, and generating market demand and preference from both existing and new customers.
24 unchanged sentences
Company Services
−Removed: We account for revenue in accordance with ASU 2014-09, Revenue from Contracts with Customers (Topic 606), ("ASC 606").
+Added: We account for revenue in accordance with 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.
−Removed: We adopted the guidance of ASC 606 on July 1, 2018.
Revenues are recognized when control of the promised goods or services are transferred to a customer, in an amount that reflects the consideration that we expect to receive in exchange for those goods or services.
41 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.
−Removed: 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
−Removed: and issued 8,000,003 shares of common stock to the former stockholders of Reprints Desk.
+Added: 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.
2 unchanged sentences
(formerly Derycz Scientific, Inc.).
+Added: On June 9, 2022, we formed ResSol LA to provide operational and administrative support services to Reprints Desk.
As of September 16, 2022, we had 131 full time employees.
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.