INNOVATIVE MEDTECH, INC. (IMTH) Financial Statements (2024 and earlier)

Company Profile

Business Address 2310 YORK ST
BLUE ISLAND, IL 60406
State of Incorp. DE
Fiscal Year End June 30
Industry (SIC) 504 - Professional And Commercial Equipment And Supplies (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
6/30/2023
12/31/2022
MRQ
6/30/2022
6/30/2021
10/31/2014
10/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments158883014331 
Cash and cash equivalents158883014331 
Receivables225214214179  
Prepaid expense223 2  
Other undisclosed current assets9  63  
Total current assets:3943265156771 
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization161821 
Operating lease, right-of-use asset404499589757
Property, plant and equipment308320333   
Long-term investments and receivables   (27)   
Accounts and financing receivable, after allowance for credit loss   (27)   
Intangible assets, net (including goodwill)3,3213,3303,3363,473 
Goodwill1781781783,473  
Intangible assets, net (excluding goodwill)3,1433,1523,158   
Other undisclosed noncurrent assets7734336  
Total noncurrent assets:4,0564,1754,2854,567  
TOTAL ASSETS:4,4504,5014,8005,2441 
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,1653,3291,5957761,6161,385
Interest and dividends payable 530313249
Employee-related liabilities  3030
Accounts payable    776  
Accrued liabilities605544 1,50011
Other undisclosed accounts payable and accrued liabilities5592,7851,595(2,030)1,2721,105
Debt802328223715729566
Derivative instruments and hedges, liabilities202198227255359436
Due to related parties 855780 4932
Other undisclosed current liabilities1,4078781,0281,046280249
Total current liabilities:3,5765,5883,8522,7923,0332,667
Noncurrent Liabilities
Long-term debt and lease obligation402151729605  
Long-term debt, excluding current maturities3285518114  
Finance lease, liability7496143590
Liabilities, other than long-term debt242319    
Operating lease, liability242319405 
Other undisclosed noncurrent liabilities1,5381,8301,2241,902  
Total noncurrent liabilities:2,1822,3012,3582,507  
Total liabilities:5,7587,8896,2105,2993,0332,667
Equity
Equity, attributable to parent(1,308)(3,388)(1,410)(55)(3,032)(2,667)
Preferred stock     11
Common stock0000164164
Additional paid in capital35,31431,56431,56414,8617,0547,054
Accumulated deficit(36,622)(34,952)(32,974)(14,916)(10,250)(9,885)
Total equity:(1,308)(3,388)(1,410)(55)(3,032)(2,667)
TOTAL LIABILITIES AND EQUITY:4,4504,5014,8005,2441 

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

9/30/2023
TTM
6/30/2023
12/31/2022
TTM
6/30/2022
6/30/2021
10/31/2014
10/31/2013
Revenues1,7251,4551,298349  
Gain (loss) on disposition of assets for financial service operations2511128(223)
Other income173103181132
Gross profit:1,7251,4551,298349  
Operating expenses(5,349)(21,164)(19,556)(1,058)(336)(284)
Operating loss:(3,624)(19,709)(18,258)(709)(336)(284)
Nonoperating income (expense)
(Investment Income, Nonoperating)
     (77)51
Interest and debt expense(155)(244)(183)(1,833)(156)(232)
Loss from continuing operations:(3,779)(19,954)(18,441)(2,542)(569)(465)
Loss before gain (loss) on sale of properties:(18,957)(18,441)(2,542)(569)(465)
Other undisclosed net income (loss) 382382(723)204 
Net loss:(3,779)(19,571)(18,058)(3,265)(365)(465)
Other undisclosed net income (loss) attributable to parent131(6)   (102)
Net loss attributable to parent:(3,648)(19,578)(18,058)(3,265)(365)(567)
Preferred stock dividends and other adjustments    (257)  
Net loss available to common stockholders, diluted:(3,648)(19,578)(18,058)(3,522)(365)(567)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
6/30/2023
12/31/2022
TTM
6/30/2022
6/30/2021
10/31/2014
10/31/2013
Net loss:(3,779)(19,571)(18,058)(3,265)(365)(465)
Comprehensive loss, net of tax, attributable to parent:(3,779)(19,571)(18,058)(3,265)(365)(465)

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.

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