CynergisTek, Inc. (CTEK) Financial Statements (2026 and earlier)

Company Profile

Business Address 11940 JOLLYVILLE ROAD
AUSTIN, TX 78759
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

6/30/2022
MRQ
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 3,5765,6145,3296,5714,2526,091
Cash and cash equivalent 3,5765,6145,3296,5714,2526,091
Receivables 4,0354,3113,21110,69713,2649,614
Prepaid expense    1,1841,1561,087
Other undisclosed current assets 1,8402,0321,2063,545557438
Total current assets: 9,45111,9579,74521,99719,23017,231
Noncurrent Assets
Operating lease, right-of-use asset   1,658✕✕✕
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization 244542946636832689
Intangible asset, including goodwill, after accumulated amortization 13,09614,45832,56927,61529,4263,222
Goodwill 8,3948,39423,98318,52518,5252,109
Intangible asset, excluding goodwill, after accumulated amortization 4,7016,0648,5869,09010,9011,112
Deferred income tax assets 6,0604,959 ✕✕✕
Other undisclosed noncurrent assets 34652502,2343,2085,324
Total noncurrent assets: 19,43420,02335,42430,48533,4669,235
TOTAL ASSETS: 28,88531,98045,17052,48252,69526,466
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 1,4531,3276396,0999,6327,736
Taxes payable   32   
Employee-related liabilities 1,1898151,0672,8183,7122,495
Other undisclosed accounts payable and accrued liabilities 264512(460)3,2815,9205,241
Deferred revenue 1,6641,266898✕✕✕
Debt 141 5333,1155,495607
Deferred revenue and credits✕✕✕✕✕1,426563
Due to related parties  563563   
Other undisclosed current liabilities 1,6671,0671,0994,9683,7122,495
Total current liabilities: 4,9254,2233,73214,18120,26411,401
Noncurrent Liabilities
Long-term debt and lease obligation  2,86615912,9129,586950
Long-term debt, excluding current maturities  2,826 12,8529,438750
Capital lease obligations✕✕✕✕61148200
Liabilities, other than long-term debt  1,4413,103 6,000 
Due to related parties  141703 6,000 
Other liabilities  1,3002,400   
Operating lease, liability  40159✕✕✕
Other undisclosed noncurrent liabilities    5,016  
Total noncurrent liabilities:  4,3063,26217,92815,586950
Total liabilities: 4,9258,5296,99432,10935,85012,350
Equity
Equity, attributable to parent 23,96123,45138,17620,37316,84514,115
Common stock 13121010108
Additional paid in capital 41,31938,56534,82231,91131,15627,985
Retained earnings (accumulated deficit) (17,372)(15,125)3,343(11,547)(14,321)(13,878)
Total equity: 23,96123,45138,17620,37316,84514,115
TOTAL LIABILITIES AND EQUITY: 28,88531,98045,17052,48252,69526,466

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

6/30/2022
TTM
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues 16,30218,87221,36571,10671,63960,200
Cost of revenue (8,807)(12,624)(13,019)(50,234)(50,739)(47,888)
Gross profit: 7,4946,2488,34620,87320,90012,312
Operating expenses (13,612)(29,671)(14,747)(16,393)(16,055)(12,285)
Operating income (loss): (6,118)(23,423)(6,401)4,4804,84427
Nonoperating income (expense) 2,791(91)(542)(1,454)(2,921)(9