CynergisTek, Inc. (CTEK) Financial Statements (2024 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)
| 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 | 3,576 | 5,614 | 5,329 | 6,571 | 4,252 | 6,091 | |||
| Cash and cash equivalents | 3,576 | 5,614 | 5,329 | 6,571 | 4,252 | 6,091 | |||
| Receivables | 4,035 | 4,311 | 3,211 | 10,697 | 13,264 | 9,614 | |||
| Prepaid expense | 1,184 | 1,156 | 1,087 | ||||||
| Other undisclosed current assets | 1,840 | 2,032 | 1,206 | 3,545 | 557 | 438 | |||
| Total current assets: | 9,451 | 11,957 | 9,745 | 21,997 | 19,230 | 17,231 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 1,658 | ✕ | ✕ | ✕ | |||||
| Property, plant and equipment | 244 | 542 | 946 | 636 | 832 | 689 | |||
| Intangible assets, net (including goodwill) | 13,096 | 14,458 | 32,569 | 27,615 | 29,426 | 3,222 | |||
| Goodwill | 8,394 | 8,394 | 23,983 | 18,525 | 18,525 | 2,109 | |||
| Intangible assets, net (excluding goodwill) | 4,701 | 6,064 | 8,586 | 9,090 | 10,901 | 1,112 | |||
| Deferred income tax assets | 6,060 | 4,959 | ✕ | ✕ | ✕ | ||||
| Other undisclosed noncurrent assets | 34 | 65 | 250 | 2,234 | 3,208 | 5,324 | |||
| Total noncurrent assets: | 19,434 | 20,023 | 35,424 | 30,485 | 33,466 | 9,235 | |||
| TOTAL ASSETS: | 28,885 | 31,980 | 45,170 | 52,482 | 52,695 | 26,466 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 1,453 | 1,327 | 639 | 6,099 | 9,632 | 7,736 | |||
| Taxes payable | 32 | ||||||||
| Employee-related liabilities | 1,189 | 815 | 1,067 | 2,818 | 3,712 | 2,495 | |||
| Other undisclosed accounts payable and accrued liabilities | 264 | 512 | (460) | 3,281 | 5,920 | 5,241 | |||
| Deferred revenue | 1,664 | 1,266 | 898 | ✕ | ✕ | ✕ | |||
| Debt | 141 | 533 | 3,115 | 5,495 | 607 | ||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | 1,426 | 563 | ||
| Due to related parties | 563 | 563 | |||||||
| Other undisclosed current liabilities | 1,667 | 1,067 | 1,099 | 4,968 | 3,712 | 2,495 | |||
| Total current liabilities: | 4,925 | 4,223 | 3,732 | 14,181 | 20,264 | 11,401 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 2,866 | 159 | 12,912 | 9,586 | 950 | ||||
| Long-term debt, excluding current maturities | 2,826 | 12,852 | 9,438 | 750 | |||||
| Capital lease obligations | ✕ | ✕ | ✕ | ✕ | 61 | 148 | 200 | ||
| Liabilities, other than long-term debt | 1,441 | 3,103 | 6,000 | ||||||
| Due to related parties | 141 | 703 | 6,000 | ||||||
| Other liabilities | 1,300 | 2,400 | |||||||
| Operating lease, liability | 40 | 159 | ✕ | ✕ | ✕ | ||||
| Other undisclosed noncurrent liabilities | 5,016 | ||||||||
| Total noncurrent liabilities: | 4,306 | 3,262 | 17,928 | 15,586 | 950 | ||||
| Total liabilities: | 4,925 | 8,529 | 6,994 | 32,109 | 35,850 | 12,350 | |||
| Equity | |||||||||
| Equity, attributable to parent | 23,961 | 23,451 | 38,176 | 20,373 | 16,845 | 14,115 | |||
| Common stock | 13 | 12 | 10 | 10 | 10 | 8 | |||
| Additional paid in capital | 41,319 | 38,565 | 34,822 | 31,911 | 31,156 | 27,985 | |||
| Retained earnings (accumulated deficit) | (17,372) | (15,125) | 3,343 | (11,547) | (14,321) | (13,878) | |||
| Total equity: | 23,961 | 23,451 | 38,176 | 20,373 | 16,845 | 14,115 | |||
| TOTAL LIABILITIES AND EQUITY: | 28,885 | 31,980 | 45,170 | 52,482 | 52,695 | 26,466 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2022 TTM | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 16,302 | 18,872 | 21,365 | 71,106 | 71,639 | 60,200 | ||
| Cost of revenue | (8,807) | (12,624) | (13,019) | (50,234) | (50,739) | (47,888) | ||
| Gross profit: | 7,494 | 6,248 | 8,346 | 20,873 | 20,900 | 12,312 | ||
| Operating expenses | (13,612) | (29,671) | (14,747) | (16,393) | (16,055) | (12,285) | ||
| Operating income (loss): | (6,118) | (23,423) | (6,401) | 4,480 | 4,844 | 27 | ||
| Nonoperating income (expense) | 2,791 | (91) | (542) | (1,454) | (2,921) | (92) | ||
| Interest and debt expense | (34) | (101) | (617) | (1,450) | (1,527) | (92) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 34 | 101 | 617 | 1,450 | 1,527 | 92 | ||
| Income (loss) from continuing operations before income taxes: | (3,327) | (23,514) | (6,943) | 3,026 | 1,923 | (65) | ||
| Income tax expense (benefit) | (1,080) | 5,045 | 1,529 | (1,132) | (2,365) | 5,074 | ||
| Income (loss) from continuing operations: | (4,407) | (18,468) | (5,414) | 1,894 | (442) | 5,010 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | (4,407) | (18,468) | 14,891 | 1,894 | (442) | 5,010 | |
| Income from discontinued operations | 20,305 | |||||||
| Other undisclosed net income | 2,160 | |||||||
| Net income (loss) available to common stockholders, diluted: | (2,247) | (18,468) | 14,891 | 1,894 | (442) | 5,010 | ||
Comprehensive Income ($ in thousands)
| 6/30/2022 TTM | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (2,247) | (18,468) | 14,891 | 1,894 | (442) | 5,010 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (2,247) | (18,468) | 14,891 | 1,894 | (442) | 5,010 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.