Intellinetics, Inc. (INLX) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
2190 DIVIDEND DRIVE COLUMBUS, OH 43228 |
| State of Incorp. | NV |
| 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)Annual | Quarterly
| 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,130 | 1,419 | 2,696 | 3,777 | 2,113 | 2,173 | |||
| Cash and cash equivalents | 1,130 | 1,419 | 2,696 | 3,777 | 2,113 | 2,173 | |||
| Receivables | 2,365 | 2,070 | 1,717 | 1,346 | 1,307 | 1,372 | |||
| Inventory, net of allowances, customer advances and progress billings, including: | 73 | 81 | 24 | 24 | 24 | 24 | |||
| Inventory | 73 | 81 | 73 | 75 | 85 | 66 | |||
| Other undisclosed inventory, net of allowances, customer advances and progress billings | (49) | (51) | (61) | (42) | |||||
| Contract with customer, asset, after allowance for credit loss | 96 | 81 | 80 | ||||||
| Other undisclosed current assets | 337 | 327 | 375 | 498 | 480 | 339 | |||
| Total current assets: | 4,002 | 3,979 | 4,893 | 5,644 | 3,924 | 3,909 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 170 | 148 | 154 | ||||||
| Operating lease, right-of-use asset | 2,896 | 3,071 | 3,200 | 3,366 | 3,528 | 3,687 | |||
| Property, plant and equipment | 1,025 | 1,029 | 1,069 | 1,071 | 1,092 | 1,088 | |||
| Intangible assets, net (including goodwill) | 9,954 | 10,082 | 10,209 | 10,337 | 10,465 | 3,237 | |||
| Goodwill | 5,790 | 5,790 | 5,790 | 5,790 | 5,790 | 2,323 | |||
| Intangible assets, net (excluding goodwill) | 4,164 | 4,292 | 4,420 | 4,547 | 4,675 | 914 | |||
| Other noncurrent assets | 540 | 491 | 417 | 342 | 215 | 79 | |||
| Total noncurrent assets: | 14,585 | 14,821 | 15,050 | 15,115 | 15,301 | 8,091 | |||
| TOTAL ASSETS: | 18,587 | 18,799 | 19,943 | 20,760 | 19,225 | 12,000 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 539 | 522 | 485 | 1,158 | 1,079 | 773 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | 389 | 291 | 287 | ||
| Accounts payable | 357 | 369 | 370 | 263 | 368 | 330 | |||
| Accrued liabilities | 182 | 154 | 115 | 505 | 420 | 155 | |||
| Deferred revenue | 2,068 | 2,182 | 2,754 | 2,999 | 1,714 | 1,136 | |||
| Debt | 737 | 719 | 959 | 1,912 | 1,860 | 1,807 | |||
| Deferred compensation liability | 20 | 50 | 81 | ||||||
| Other undisclosed current liabilities | 1,048 | 1,313 | 1,804 | 1,040 | 1,091 | 1,630 | |||
| Total current liabilities: | 4,391 | 4,737 | 6,002 | 7,129 | 5,795 | 5,427 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 671 | 127 | 2,218 | 4,860 | 5,004 | 3,151 | |||
| Long-term debt, excluding current maturities | 525 | 2,085 | 2,054 | 2,023 | |||||
| Finance lease, liability | 146 | 127 | 133 | ||||||
| Liabilities, other than long-term debt | 2,307 | 2,483 | 3,154 | 521 | 513 | ||||
| Due to related parties | ✕ | ✕ | ✕ | 529 | 521 | 513 | |||
| Operating lease, liability | 2,307 | 2,483 | 2,625 | 2,806 | 2,981 | 3,151 | |||
| Other undisclosed noncurrent liabilities | 2,167 | 2,653 | (2,451) | ||||||
| Total noncurrent liabilities: | 5,145 | 5,263 | 5,372 | 5,381 | 5,518 | 3,851 | |||
| Total liabilities: | 9,536 | 10,000 | 11,374 | 12,511 | 11,312 | 9,278 | |||
| Equity | |||||||||
| Equity, attributable to parent | 9,051 | 8,800 | 8,569 | 8,249 | 7,912 | 2,722 | |||
| Common stock | 4 | 4 | 4 | 4 | 4 | 3 | |||
| Additional paid in capital | 30,413 | 30,297 | 30,179 | 30,060 | 29,941 | 24,378 | |||
| Accumulated deficit | (21,366) | (21,502) | (21,614) | (21,815) | (22,033) | (21,658) | |||
| Total equity: | 9,051 | 8,800 | 8,569 | 8,249 | 7,912 | 2,722 | |||
| TOTAL LIABILITIES AND EQUITY: | 18,587 | 18,799 | 19,943 | 20,760 | 19,225 | 12,000 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 4,258 | 4,187 | 4,038 | 3,860 | 3,416 | 2,704 | ||
| Cost of revenue | (1,668) | (1,541) | (1,456) | (1,353) | (1,227) | (1,072) | ||
| Gross profit: | 2,590 | 2,646 | 2,582 | 2,506 | 2,189 | 1,632 | ||
| Operating expenses | (2,294) | (2,362) | (2,172) | (2,048) | (2,323) | (1,539) | ||
| Operating income (loss): | 296 | 284 | 411 | 458 | (134) | 92 | ||
| Nonoperating expense | (210) | (240) | (240) | (113) | ||||
| Interest and debt expense | (161) | (171) | (210) | (240) | (240) | (113) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 136 | 113 | (9) | (23) | (615) | (133) | ||
| Other undisclosed income from continuing operations before income taxes | 210 | 240 | 240 | 113 | ||||
| Income (loss) from continuing operations: | 136 | 113 | 201 | 218 | (374) | (20) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 218 | (374) | (20) | |
| Net income (loss) available to common stockholders, diluted: | 136 | 113 | 201 | 218 | (374) | (20) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 136 | 113 | 201 | 218 | (374) | (20) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 136 | 113 | 201 | 218 | (374) | (20) | ||
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.