Infinite Group Inc (IMCI) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
80 OFFICE PARK WAY PITTSFORD, NY 14534 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 7372 - Prepackaged Software (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2022 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 | 99 | 32 | 6 | 30 | 74 | 42 | |||
| Cash and cash equivalents | 99 | 32 | 6 | 30 | 74 | 42 | |||
| Receivables | 727 | 954 | 432 | 286 | 479 | 243 | |||
| Other undisclosed current assets | 219 | 96 | 65 | 3 | 4 | 16 | |||
| Total current assets: | 1,046 | 1,083 | 504 | 319 | 557 | 302 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 41 | 121 | 195 | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 41 | 48 | 6 | 9 | 18 | 26 | |||
| Intangible assets, net (including goodwill) | 418 | ||||||||
| Intangible assets, net (excluding goodwill) | 418 | ||||||||
| Deposits noncurrent assets | 7 | 7 | |||||||
| Other undisclosed noncurrent assets | 7 | 355 | 185 | 7 | 7 | 114 | |||
| Total noncurrent assets: | 507 | 531 | 393 | 15 | 25 | 140 | |||
| TOTAL ASSETS: | 1,553 | 1,613 | 897 | 334 | 582 | 442 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 167 | 1,302 | 1,619 | 1,513 | 1,879 | 1,319 | |||
| Interest and dividends payable | ✕ | 594 | 531 | 939 | 839 | 773 | 671 | ||
| Employee-related liabilities | ✕ | 426 | 353 | 218 | 218 | 178 | 219 | ||
| Accounts payable | 537 | 343 | 218 | 368 | 865 | 347 | |||
| Accrued liabilities | 75 | 243 | 88 | 63 | 82 | ||||
| Other undisclosed accounts payable and accrued liabilities | (1,390) | ||||||||
| Deferred revenue | 320 | ✕ | ✕ | ✕ | |||||
| Debt | 765 | 1,004 | 1,024 | 686 | 686 | 837 | |||
| Due to related parties | 229 | 58 | 102 | 32 | |||||
| Other undisclosed current liabilities | 2,946 | 507 | 1,100 | 611 | 627 | 594 | |||
| Total current liabilities: | 4,108 | 3,134 | 3,801 | 2,912 | 3,225 | 2,750 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 500 | 609 | 744 | 738 | 1,150 | ||||
| Long-term debt, excluding current maturities | 458 | 487 | 744 | 738 | 1,150 | ||||
| Liabilities, other than long-term debt | 1,085 | 1,016 | 394 | 678 | 659 | 534 | |||
| Due to related parties | 1,085 | 1,016 | 394 | 678 | 659 | 534 | |||
| Operating lease, liability | 42 | 123 | ✕ | ✕ | ✕ | ||||
| Other undisclosed noncurrent liabilities | 458 | 69 | |||||||
| Total noncurrent liabilities: | 1,543 | 1,585 | 1,003 | 1,422 | 1,396 | 1,685 | |||
| Total liabilities: | 5,651 | 4,719 | 4,804 | 4,334 | 4,621 | 4,435 | |||
| Equity | |||||||||
| Equity, attributable to parent | (4,098) | (3,106) | (3,907) | (4,000) | (4,039) | (3,993) | |||
| Common stock | 33 | 29 | 29 | 29 | 29 | 29 | |||
| Additional paid in capital | 31,337 | 30,764 | 30,638 | 30,593 | 30,592 | 30,563 | |||
| Accumulated deficit | (35,467) | (33,899) | (34,575) | (34,623) | (34,660) | (34,585) | |||
| Total equity: | (4,098) | (3,106) | (3,907) | (4,000) | (4,039) | (3,993) | |||
| TOTAL LIABILITIES AND EQUITY: | 1,553 | 1,613 | 897 | 334 | 582 | 442 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2022 TTM | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 7,224 | 7,219 | 7,094 | 6,370 | 6,387 | 7,413 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | 7,413 | ||
| Cost of revenue | (4,489) | (4,177) | (4,423) | (4,158) | (4,441) | (5,323) | ||
| Cost of goods and services sold | (5,323) | |||||||
| Gross profit: | 2,735 | 3,042 | 2,672 | 2,212 | 1,946 | 2,090 | ||
| Operating expenses | (4,143) | (3,041) | (2,343) | (2,002) | (2,344) | (2,165) | ||
| Operating income (loss): | (1,408) | 1 | 329 | 210 | (398) | (75) | ||
| Nonoperating income | 0 | 675 | ||||||
| Investment income, nonoperating | 0 | |||||||
| Other nonoperating income | 675 | |||||||
| Interest and debt expense | (282) | (293) | (281) | (256) | (247) | (250) | ||
| Income (loss) from continuing operations: | (1,689) | 383 | 48 | (46) | (645) | (325) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | (1,689) | 383 | 48 | (46) | (645) | (325) | |
| Net income (loss): | (1,689) | 383 | 48 | (46) | (645) | (325) | ||
| Other undisclosed net income attributable to parent | 121 | 293 | 83 | 570 | ||||
| Net income (loss) available to common stockholders, diluted: | (1,569) | 676 | 48 | 37 | (75) | (325) | ||
Comprehensive Income ($ in thousands)
| 9/30/2022 TTM | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (1,689) | 383 | 48 | (46) | (645) | (325) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (1,689) | 383 | 48 | (46) | (645) | (325) | ||
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.