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CIK 1402737

Rafina Innovations Inc.
CIK 0001402737 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
86.7
composite ยท 3 signals ยท TRIGGERED

Every card below shows the score and the exact filing data it was computed from โ€” no unexplained numbers. Some signals (P-02, P-03, P-08, P-09, P-10, P-11) pull live documents from SEC EDGAR the first time you view this company; a few of those (P-03, P-10, P-11) use AI to read the filing text, but every AI claim must quote the actual document verbatim or it's discarded โ€” never a guess.

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Signals

P-12 ยท FY 2018-12-31 ยท TRIGGERED100.0

Restatement predictor

F-Score 104.91 โ€” misstatement risk 104.9x the base rate
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2019-05-20) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 104.91,
  "probability": 0.38817,
  "components": {
    "rsst": -10.3989,
    "drec": 0.111,
    "dinv": -0.0005,
    "soft": 0.7083,
    "dcs": 0.0121,
    "droa": -14.9897,
    "issue": 0
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2018-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1402737/000159406219000035/0001594062-19-000035-index.htm",
    "form": "10-K",
    "filed": "2019-05-20"
  }
}
P-13 ยท FY 2018-12-31 ยท ELEVATED100.0

Zombie / distress

Interest coverage -1179.72x below 1.0
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2019-05-20) โ†—
Evidence โ€” inputs and thresholds
{
  "icr_by_year": {
    "2018-12-31": -1179.724,
    "2017-12-31": -469.23,
    "2016-12-31": null,
    "2015-12-31": null
  },
  "consecutive_years_below_1": 2,
  "altman_z_double_prime": -551.349,
  "definitions": {
    "zombie": "ICR<1 for 3+ consecutive FYs (BIS 2018)",
    "z_distress": "<1.1 distress, 1.1-2.6 gray, >2.6 safe"
  },
  "inputs": {
    "ebit_t": -4236389,
    "interest_expense_t": 3591
  },
  "stale": false,
  "latest_filing_period": "2018-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1402737/000159406219000035/0001594062-19-000035-index.htm",
    "form": "10-K",
    "filed": "2019-05-20"
  }
}
P-01 ยท FY 2018-12-31 ยท CLEAN0.0

Earnings quality

Beneish M-Score -78.29 โ€” no manipulation profile
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2019-05-20) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -78.293,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 2.509,
    "GMI": 0.975,
    "AQI": 1,
    "SGI": 1.16,
    "DEPI": 0.704,
    "SGAI": 1,
    "LVGI": 1.105,
    "TATA": -16.513
  },
  "defaulted_to_neutral": [
    "AQI",
    "SGAI"
  ],
  "sloan_accruals": -10.3989,
  "inputs": {
    "revenue_t": 412682,
    "revenue_t1": 355736,
    "total_assets_t": 298660,
    "net_income_t": -5849832,
    "cfo_t": -918188
  },
  "stale": false,
  "latest_filing_period": "2018-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1402737/000159406219000035/0001594062-19-000035-index.htm",
    "form": "10-K",
    "filed": "2019-05-20"
  }
}