CynergisTek, Inc. (CTEK) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,5765,6145,3296,5714,2526,0916,437
Cash and cash equivalents3,5765,6145,3296,5714,2526,0916,437
Receivables4,0354,3113,21110,69713,2649,6147,398
Prepaid expense   1,1841,1561,0871,459
Other undisclosed current assets1,8402,0321,2063,545557438626
Total current assets:9,45111,9579,74521,99719,23017,23115,919
Noncurrent Assets
Operating lease, right-of-use asset  1,658
Property, plant and equipment244542946636832689495
Intangible assets, net (including goodwill)13,09614,45832,56927,61529,4263,2226,397
Goodwill8,3948,39423,98318,52518,5252,1093,666
Intangible assets, net (excluding goodwill)4,7016,0648,5869,09010,9011,1122,731
Deferred income tax assets6,0604,959 
Other undisclosed noncurrent assets34652502,2343,2085,32458
Total noncurrent assets:19,43420,02335,42430,48533,4669,2356,950
TOTAL ASSETS:28,88531,98045,17052,48252,69526,46622,869
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,4531,3276396,0999,6327,7368,307
Employee-related liabilities1,1898151,0672,8183,7122,4952,856
Taxes payable  32    
Other undisclosed accounts payable and accrued liabilities264512(460)3,2815,9205,2415,451
Deferred revenue1,6641,266898
Debt141 5333,1155,495607599
Due to related parties 563563    
Deferred revenue and credits1,426563914
Other undisclosed current liabilities1,6671,0671,0994,9683,7122,4952,856
Total current liabilities:4,9254,2233,73214,18120,26411,40112,675
Noncurrent Liabilities
Long-term debt and lease obligation 2,86615912,9129,5869501,375
Long-term debt, excluding current maturities 2,826 12,8529,4387501,250
Capital lease obligations61148200125
Operating lease, liability 40159
Liabilities, other than long-term debt 1,4413,103 6,000  
Due to related parties 141703 6,000  
Other liabilities 1,3002,400    
Other undisclosed noncurrent liabilities   5,016   
Total noncurrent liabilities: 4,3063,26217,92815,5869501,375
Total liabilities:4,9258,5296,99432,10935,85012,35014,051
Stockholders' equity
Stockholders' equity attributable to parent23,96123,45138,17620,37316,84514,1158,819
Common stock1312101010824
Additional paid in capital41,31938,56534,82231,91131,15627,98527,682
Retained earnings (accumulated deficit)(17,372)(15,125)3,343(11,547)(14,321)(13,878)(18,888)
Total stockholders' equity:23,96123,45138,17620,37316,84514,1158,819
TOTAL LIABILITIES AND EQUITY:28,88531,98045,17052,48252,69526,46622,869

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues16,30218,87221,36571,10671,63960,20061,254
Cost of revenue(8,807)(12,624)(13,019)(50,234)(50,739)(47,888)(50,665)
Gross profit:7,4946,2488,34620,87320,90012,31210,589
Operating expenses(13,612)(29,671)(14,747)(16,393)(16,055)(12,285)(9,612)
Operating income (loss):(6,118)(23,423)(6,401)4,4804,84427977
Nonoperating income (expense)2,791(91)(542)(1,454)(2,921)(92)492
Interest and debt expense(34)(101)(617)(1,450)(1,527)(92)(128)
Other undisclosed income from continuing operations before equity method investments, income taxes341016171,4501,52792128
Income (loss) from continuing operations before income taxes:(3,327)(23,514)(6,943)3,0261,923(65)1,469
Income tax expense (benefit)(1,080)5,0451,529(1,132)(2,365)5,074(152)
Income (loss) from continuing operations:(4,407)(18,468)(5,414)1,894(442)5,0101,317
Income from discontinued operations  20,305    
Income (loss) before gain (loss) on sale of properties:(4,407)(18,468)14,8911,894(442)5,0101,317
Other undisclosed net income2,160      
Net income (loss) available to common stockholders, diluted:(2,247)(18,468)14,8911,894(442)5,0101,317

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(2,247)(18,468)14,8911,894(442)5,0101,317
Comprehensive income (loss), net of tax, attributable to parent:(2,247)(18,468)14,8911,894(442)5,0101,317

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.

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