Research Solutions Inc 2024年度报告

FORM10-K (Mark One) TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ Commission File No.001-39256 RESEARCH SOLUTIONS,INC. (Exact name of registrant as specified in its charter) Nevada11-3797644(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.) (310)477-0354(Registrant’s telephone number, including area code) Securities registered pursuant to Section12(b)of the Act: Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule405 of the Securities Act.Yes◻No⌧ Indicate by check mark if the registrant is not required to file reports pursuant to Section13 or Section15(d)of the Act.Yes◻No⌧ Indicate by check mark whether the registrant: (1)has filed all reports required to be filed by Section13 or 15(d)of the Securities Exchange Act of1934 during the preceding 12months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject tosuch filing requirements for the past 90days.Yes⌧No◻ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule405 of Regulation S-T during the preceding 12months (or for such shorter period that the registrant was required to submit such files).Yes⌧No◻ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting companyor an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerginggrowth company” in Rule12b-2 of the Exchange Act. Accelerated filer◻Smaller reporting company☒Emerging growth company☐ Large accelerated filer◻Non-accelerated filer⌧ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying withany new or revised financial accounting standards provided pursuant to Section13(a)of the Exchange Act.◻ Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of itsinternal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accountingfirm that prepared or issued its audit report.◻ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant includedin the filing reflect the correction of an error to previously issued financial statements.◻ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensationreceived by any of the registrant's executive officers during the relevant recovery period pursuant to §240.10D-1(b).◻ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act).Yes☐No☒ The aggregate market value of the voting and non-voting common equity held by non-affiliates of the registrant as of December31, 2024, the lastbusiness day of the registrant’s most recently completed second fiscal quarter, was $125,316,583based on the closing price of $4.15 per share asreported on the Nasdaq as of that date. Indicate the number of shares outstanding of each of the registrant's classes of common stock as of the latest practicable date.TitleofClassNumberofSharesOutstandingon September12, 2025 Common Stock, $0.001par value TABLE OF CONTENTS PARTI Item1.Business4Item1A.Risk Factors10Item1B.Unresolved Staff Comments19Item 1C.Cybersecurity19Item2.Properties21Item3.Legal Proceedings21Item4.Mine Safety Disclosures21 PARTIIItem5.Market for Registrant’s Common Equity, Related Stockholder Matters and IssuerPurchases of Equity Securities22Item6.[Reserved]23Item7.Management’s Discussion and Analysis of Financial Condition and Results ofOperations24Item7A.Quantitative and Qualitative Disclosures About Market Risk34Item8.Financial Statements and Supplementary Data35Item9.Changes in and Disagreements With Accountants on Accounting and FinancialDisclosure63Item9A.Controls and Procedures63Item9B.Other Information64Item 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections64 Item10.Directors, Executive Officers and Corporate Governance65Item11.Executive Compensation69Item12.Security Ownership of Certain Beneficial Owners and Management and RelatedStockholder Matters73Item13.Certain Relationships and Related Transactions, and Director Independence75Item14.Principal Accounting Fees and Services76 PARTIVItem15.Exhibits and Financial Statement Schedules77Item16.Form10-K Summary79 Cautionary Notice Regarding Forward-Looking Statements Unless otherwise indicated, (i)the terms “Research Solutions,” “we,” “us” and “our” refer toResearch Solutions,Inc., a Nevada