CynergisTek, Inc. (CTEK) financial statements (2021 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,6144,2875,4073,0665,32910,18310,845
Cash and cash equivalents5,6144,2875,4073,0665,32910,18310,845
Receivables4,3114,0753,7444,4053,2113,4864,810
Assets held-for-sale, not part of disposal group     202202
Other undisclosed current assets2,0321,3781,8261,6531,2064,0583,511
Total current assets:11,9579,73910,9779,1249,74517,92919,369
Noncurrent Assets
Operating lease, right-of-use asset  1,8441,8441,658684684
Property, plant and equipment542711854996946757819
Intangible assets, net (including goodwill)14,45831,32131,73732,15332,56924,74025,193
Goodwill8,39423,98323,98323,98323,98317,00817,008
Intangible assets, net (excluding goodwill)6,0647,3377,7548,1708,5867,7328,185
Deferred income tax assets4,9591,950     
Other undisclosed noncurrent assets6565139872501,0111,011
Total noncurrent assets:20,02334,04634,57435,07935,42427,19227,706
TOTAL ASSETS:31,98043,78645,55144,20445,17045,12147,076
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,3278021,187676639216433
Employee-related liabilities8155445014541,0679201,023
Taxes payable    324,0174,253
Other undisclosed accounts payable and accrued liabilities512258686222(460)(4,721)(4,843)
Deferred revenue1,2661,5551,8002,0888981,4681,649
Debt 563563563533867867
Due to related parties563281422563563844984
Disposal group, including discontinued operation      70
Other undisclosed current liabilities1,0672,3491,8034721,0994,0934,291
Total current liabilities:4,2235,5505,7754,3603,7327,4878,294
Noncurrent Liabilities
Long-term debt and lease obligation2,8661,1751,677145159199268
Long-term debt, excluding current maturities2,8261,1111,584    
Operating lease, liability406593145159199268
Liabilities, other than long-term debt1,441   3,103  
Due to related parties141   703  
Other liabilities1,300   2,400  
Other undisclosed noncurrent liabilities 2,6172,7292,963 844984
Total noncurrent liabilities:4,3063,8574,4993,1073,2621,0431,253
Total liabilities:8,5299,40610,2737,4686,9948,5309,547
Stockholders' equity
Stockholders' equity attributable to parent23,45134,37935,27836,73638,17636,59137,528
Common stock12111110101010
Additional paid in capital38,56536,60736,22935,23334,82232,93632,610
Retained earnings (accumulated deficit)(15,125)(2,238)(962)1,4933,3433,6464,909
Total stockholders' equity:23,45134,37935,27836,73638,17636,59137,528
TOTAL LIABILITIES AND EQUITY:31,98043,78645,55144,20445,17045,12147,076

Income statement (P&L) ($ in thousands)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues4,6964,5034,5585,1165,7684,7665,057
Cost of revenue(2,945)(2,910)(3,346)(3,424)(3,405)(3,166)(2,964)
Gross profit:1,7511,5931,2111,6922,3631,6002,094
Operating expenses(18,018)(3,271)(4,326)(4,056)(4,716)(3,102)(3,303)
Operating loss:(16,267)(1,678)(3,115)(2,364)(2,353)(1,501)(1,209)
Nonoperating income (expense)(23)(24)(26)(18)(158)9(97)
Investment income, nonoperating 226194117
Interest and debt expense(23)(26)(27)(24)(177)(30)(114)
Other undisclosed income from continuing operations before equity method investments, income taxes2326272417730114
Loss from continuing operations before income taxes:(16,289)(1,702)(3,141)(2,382)(2,511)(1,493)(1,306)
Income tax benefit3,402426686531782236367
Loss from continuing operations:(12,887)(1,276)(2,455)(1,851)(1,729)(1,257)(939)
Income (loss) from discontinued operations    1,427(7)(152)
Net loss available to common stockholders, diluted:(12,887)(1,276)(2,455)(1,851)(302)(1,263)(1,091)

Comprehensive Income ($ in thousands)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net loss:(12,887)(1,276)(2,455)(1,851)(302)(1,263)(1,091)
Comprehensive loss, net of tax, attributable to parent:(12,887)(1,276)(2,455)(1,851)(302)(1,263)(1,091)

Statements sources

The financial statements are based on the company's filings with the 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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: