Company Quick10K Filing
RC-1
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 14 $-0
10-Q 2019-11-13 Quarter: 2019-09-30
10-Q 2019-08-19 Quarter: 2019-06-30
10-Q 2019-05-20 Quarter: 2019-03-31
10-K 2019-04-11 Annual: 2018-12-31
10-Q 2018-11-19 Quarter: 2018-09-30
10-Q 2018-08-14 Quarter: 2018-06-30
10-Q 2018-05-16 Quarter: 2018-03-31
10-K 2018-04-03 Annual: 2017-12-31
10-Q 2017-11-14 Quarter: 2017-09-30
10-Q 2017-08-17 Quarter: 2017-06-30
10-Q 2017-05-12 Quarter: 2017-03-31
10-K 2017-04-06 Annual: 2016-12-31
10-Q 2016-11-18 Quarter: 2016-09-30
10-Q 2016-08-12 Quarter: 2016-06-30

RC-1 Financials

RCCC Metrics, Comps, Filings

Annual | Quarterly

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, Stockholders' Equity

Income Statement ($ Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($ Annual)

Operating, Investing, Financing

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
Wilson Bank Holding (WBHC) -2.1 1% 2,707,053,000,000 2,388,865,000,000 0 0 35,611,000,000 65,827,000,000 -141,376,002,000
Security Land & Development (SLDV) 0% -0.0 53% 24,676,705,000 5,836,468,000 1,693,361,000 0 13,183,942,000 19,429,967,000 -863,072,000
Diversified 2000 Futures Fund (DIFU) -0.0 15% 14,500,771,000 3,605,008,000 0 0 2,147,701,000 2,147,701,000 -1,000
Apache Offshore Investment Partnership (AOIP) 99% -9.8 3% 9,392,775,000 1,828,969,000 1,412,450,000 1,395,519,000 250,381,000 533,155,000 -5,207,921,000
Hospitality Investors Trust (HIT) -2% -96.3 -5% 2,346,467,000,000 1,669,804,000,000 608,532,000,000 -14,913,000,000 -120,965,000,000 -15,187,000,000 1,463,035,999,000
Red Metal Resources (RMES) 0.5 -13% 796,099,000 1,193,632,000 0 0 -106,120,000 -66,227,000 -32,176,000
Mission Broadcasting (MBCC) 0% 21.5 -3% 216,254,000,000 242,843,000,000 112,316,000,000 0 -6,859,000,000 9,999,000,000 214,874,999,000
Man AHL Diversified I (MADL) -0.0 0% 93,733,808,000 2,655,706,000 0 0 0 174,780,000 -2,000
Vantage Drilling (VDI) 0% 0.4 26% 1,766,407,000,000 1,288,261,000,000 778,561,000,000 0 464,602,000,000 631,786,000,000 221,790,999,000
CNH Industrial Capital (CNHC) 0% 7.4 1% 12,948,850,000,000 11,625,765,000,000 877,023,000,000 0 149,409,000,000 771,476,000,000 5,714,321,999,000
Ingles Markets (IMKT) 25% 3.0 4% 1,839,033,323,000 1,193,627,986,000 4,185,630,756,000 1,032,601,175,000 79,101,662,000 275,547,812,000 836,159,265,000
Heritage Nola Bancorp (HRGG) 0% 8.5 0% 122,340,000,000 98,467,000,000 193,000,000 0 275,000,000 1,785,000,000 15,229,999,000
Swedish Export Credit (SEK) 0% 302,033,000,000,000 283,794,000,000,000 0 0 0 0 -1,000
Po Yuen Cultural (POYE) 0.0 -1,973% 1,000,000 68,122,000 0 0 -19,731,000 -19,731,000 -2,000
Securetech Innovations (SCTF) 3.0 -33% 171,016,000 120,000 0 0 -57,232,000 -57,232,000 -171,018,000
Davey Tree Expert (DAVEY) 9% 1.7 6% 570,149,000,000 398,166,000,000 1,094,814,000,000 98,215,000,000 32,144,000,000 96,951,000,000 160,636,999,000
Teucrium Commodity Trust (TCT) 0% -18.3 5% 209,931,274,000 11,900,393,000 13,102,612,000 0 10,942,523,000 10,942,523,000 -200,343,596,000
Liberty Expedia (LEXE) 0% 0.0 -0% 34,646,000,000,000 17,341,000,000,000 11,536,000,000,000 0 -148,000,000,000 1,505,000,000,000 7,999,999,000
Endra Life Sciences (NDRAU) 0.2 -320% 3,190,709,000 1,366,391,000 0 0 -10,197,453,000 -10,119,597,000 -2,267,532,000

Balance Sheet ($)2016-12-312017-12-312018-12-31
Cash49,900,00060,342,00050,596,000
Accounts Receivable
Inventory
PP&E96,667,00044,166,00043,526,000
Assets161,567,000303,653,000154,122,000
Accounts Payable27,478,00039,080,00056,792,000
Long-Term Debt
Liabilities922,403,000574,007,000566,604,000
Stockholders' Equity-760,836,000-270,354,000-412,482,000
Income Statement ($)2016-12-312017-12-312018-12-31
Revenue0155,000,000163,500,000
Cost of Revenue0
Gross Profit15,000,000
R&D
SG&A43,155,00092,025,000150,833,000
Tax000
Net Income-226,645,000-142,851,000-142,128,000
Cash Flow ($)2016-12-312017-12-312018-12-31
Cash Operating-55,293,000-45,558,000104,764,000
Cash Investing0-11,013,000
Cash Financing56,075,00056,000,000-103,497,000