Company Quick10K Filing
RC-1
10-Q 2020-03-31 Filed 2020-05-15
10-K 2019-12-31 Filed 2020-04-14
10-Q 2019-09-30 Filed 2019-11-13
10-Q 2019-06-30 Filed 2019-08-19
10-Q 2019-03-31 Filed 2019-05-20
10-K 2018-12-31 Filed 2019-04-11
10-Q 2018-09-30 Filed 2018-11-19
10-Q 2018-06-30 Filed 2018-08-14
10-Q 2018-03-31 Filed 2018-05-16
10-K 2017-12-31 Filed 2018-04-03
10-Q 2017-09-30 Filed 2017-11-14
10-Q 2017-06-30 Filed 2017-08-17
10-Q 2017-03-31 Filed 2017-05-12
10-K 2016-12-31 Filed 2017-04-06
10-Q 2016-09-30 Filed 2016-11-18
10-Q 2016-06-30 Filed 2016-08-12
8-K 2020-02-07 Accountant, Exhibits

RC-1 Financials

RCCC Metrics, Comps, Filings

Quarterly | Annual

Business

We were organized in October of 2007 as R-Course Promotions, LLC, a California limited liability company. At the time of our formation, Kevin O'Connell was the managing member of our company and the sole member of General Pacific Partners, LLC ("GPP"), a California limited liability company. At our inception, GPP owned a majority of R-Course Promotions, LLC membership interests. In May of 2009, R-Course Promotions, LLC was merged with RC-1, Inc., a Nevada corporation with no prior operations. The reason for the merger was the potential liquidity for our shareholders. As of May 31, 2016, Kevin O'Connell is the Managing Member of (a) GPP, (b) Devcap, (c) Revete, and (d) Continental. Together, Mr. O'Connell and GPP, Devcap, Revete, and Continental own 79.9% of our outstanding common shares.

We are a development stage small motorsports company which was organized to participate in “Road Racing” motorsports events organized by several motorsports sanctioning bodies such as The National Association for Stock Car Auto Racing ("NASCAR"), and The International Motorsports Association ("IMSA") and the Sports Car Vintage Racing Association (SVRA). The Road Racing motorsports events require the use of “Stock Cars” that are professionally modified for Road Racing, and “Sports Cars” that are specifically manufactured for competition Road Racing. From inception through December 31, 2017, we participated in racing events by exclusively leasing vehicles from unaffiliated third parties for each racing event in which we participated. In June of 2014, we acquired 3 vehicles; a Chevrolet Monte Carlo Super Sport fully equipped Stock Car; a Chevrolet Monte Carlo Super Sport "Roller" (a Roller is a Stock Car that is complete with all of the required racing components, but without a competition engine and transmission; and a 2012 Ford BOSS Mustang R (the "Mustang R). In March of 2017, the Ford BOSS Mustang R was sold for $125,000 and 833,333 shares of our common stock was returned to the company.

On May 25th, 2017 the company acquired a 2003 vintage Laughlin road race NASCAR Busch series car for $25,000 from Rick Ware Racing, LLC. The seller and the Company agreed to convert the entire indebtedness to into common stock at $0.15 per share for a total of 166,667 shares of common stock issued to Rick Ware Racing, LLC.


Valuation ($)

Market Cap, Enterprise Value

Balance Sheet ($)

Assets, Equity

Income Statement ($ Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($ Quarterly)

Ops, Inv, Fin

Comps ($ TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Stemcell Holdings (STMM) 113% -1.0 26% 12,032,848,000 6,023,444,000 7,313,554,000 8,234,525,000 3,099,084,000 4,927,199,000 -5,115,749,000
FCCC (FCCC) 1.5 -61% 92,000,000 3,000,000 0 0 -56,000,000 -56,000,000 -82,002,000
Tapinator (TAPM) 0% 0.1 -99% 1,783,274,000 951,832,000 4,322,948,000 0 -1,761,567,000 -1,761,567,000 -260,211,000
Nogales Resources (NLRT) 0% 517,000 187,974,000 0 0 0 0 -519,000
Golden Growers Cooperative (GGRO) -0% 0% 26,919,000,000 2,171,000,000 42,425,000,000 -45,000,000 0 0 -3,508,002,000
Northern Power Systems (NPS) 22% 0.4 -27% 8,927,000,000 13,901,000,000 18,317,000,000 4,050,000,000 -2,379,000,000 -1,701,000,000 -670,002,000
Twin River Worldwide (TRWH) 0% 4.0 4% 1,070,918,000,000 808,153,000,000 393,158,000,000 0 41,775,000,000 112,100,000,000 449,559,999,000
Bio-En (BENH) 0.1 -643% 10,396,000 149,279,000 0 0 -66,818,000 -66,818,000 -4,687,000
Southwest Iowa Renewable Energy (SIRE) -1% -47.3 -1% 140,863,000,000 51,558,000,000 216,993,000,000 -1,931,000,000 -1,169,518,000 -536,518,000 25,395,999,000
Texas Republic Capital (TRCC) 0% 8.9 -5% 26,314,961,000 14,988,148,000 930,677,000 0 -1,274,149,000 -1,274,149,000 -11,327,584,000
Fannie Mae (FNM) 28.1 0% 3,494,436,000,000,000 3,484,094,000,000,000 0 0 13,025,000,000,000 119,732,000,000,000 3,361,547,999,999,000
CBA Florida (CBAI) 43.6 -1% 14,544,469,000 597,854,000 0 0 -210,911,000 -260,844,000 -11,367,563,000
Pacific Gold & Royalty (PCFG) -7.1 0 3,799,496,000 0 -2,545,000 -238,328,000 -45,194,000 319,839,000
BoxScore Brands (BOXS) 33% -8.3 -540% 312,912,000 7,564,280,000 338,295,000 110,302,000 -1,690,277,000 -701,925,000 5,793,309,000
Quest Management (QUEST) 27% -0.3 129% 12,526,000 6,028,000 45,177,000 12,318,000 16,132,000 16,164,000 -5,306,000
Zhen Ding Resources (RBTK) 0.1 48,309,900% 0 0 -483,099,000 -68,261,000 -6,097,000
Hines Global REIT (HGRI) 0% 1.7 19% 2,010,946,000,000 999,520,000,000 205,149,000,000 0 388,366,000,000 421,651,000,000 715,766,999,000
Wadena (WDN) 0% 0.0 -2,344% 11,999,000 696,137,000 87,000,000 0 -281,214,000 -278,021,000 -5,132,000
Galera Therapeutics (GRTX) 1.3 -17% 79,758,000,000 52,298,000,000 0 0 -13,351,000,000 -12,433,000,000 -15,719,002,000
Chase General (CSGN) 26% -0.5 -2% 1,563,342,000 1,016,098,000 2,493,194,000 657,636,000 -32,054,000 13,371,000 -6,929,000

Balance Sheet ($)2016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash51,053,00045,458,00049,900,00029,568,00040,058,00052,918,00060,342,0005,767,00045,192,00047,573,00050,596,00050,352,00039,515,00040,060,000
Accounts Receivable15,000,00015,000,000
Inventory
PP&E116,667,000106,667,000200,000,00086,667,00049,166,00046,666,00050,000,00050,000,00061,013,00061,013,00061,013,00061,013,00011,013,00011,013,000
Assets167,720,000152,125,000161,567,000116,235,000330,324,000327,196,000303,653,000233,078,000266,982,000252,812,000154,122,000135,827,000127,774,000112,768,000
Accounts Payable3,475,00024,015,00027,478,00022,478,00037,418,00030,905,00039,080,00048,318,00062,630,00044,543,00056,792,00055,918,00044,668,00037,467,000
Long-Term Debt
Liabilities800,406,000861,134,000922,403,000861,134,0001,140,666,000532,821,000574,007,000574,941,000653,792,000683,388,000566,604,000576,039,000565,955,000554,363,000
Stockholders' Equity-632,686,000-709,009,000-760,836,000-766,997,000-810,342,000-205,625,000-270,354,000-341,863,000-386,810,000-430,576,000-412,482,000-440,212,000-438,181,000-441,595,000
Income Statement ($)2016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue00039,000,00081,000,00020,000,00050,000,0000013,500,00024,668,00027,780,00035,836,000
Cost of Revenue0000000
Gross Profit0015,000,00039,000,000135,000,00020,000,00013,500,000
R&D
SG&A10,065,00013,030,00010,060,00010,030,00027,879,00018,615,00032,501,00017,500,00018,051,00018,051,00022,231,00016,506,000
Tax0000000000000
Net Income-60,381,000-76,323,000-51,827,000-6,161,00063,484,000-65,284,000-64,729,000-71,509,000-44,948,000-43,766,000-27,730,0002,030,000-3,414,000
Cash Flow ($)2016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating-19,895,000-10,833,00023,668,000-26,260,000-6,576,000-19,608,000-5,575,000-14,356,00018,618,000-7,123,00033,738,000
Cash Investing000-11,013,000000
Cash Financing14,300,00015,275,000-44,000,00036,750,00014,000,000-34,967,00045,000,00027,750,000-18,862,000-3,714,000-33,193,000