CynergisTek, Inc. (CTEK) financial statements (2020 and earlier)

Company profile

Business Address 11940 JOLLYVILLE ROAD
AUSTIN, TX 78759
State of Incorp. NV
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 millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5746655
Cash and cash equivalents5746655
Receivables3111310774
Prepaid expense 111111
Deposits current assets      0
Other undisclosed current assets1410100
Total current assets:10221917161310
Noncurrent Assets
Operating lease, right-of-use asset2
Property, plant and equipment1111000
Intangible assets, net (including goodwill)332829364
Goodwill241919242 
Intangible assets, net (excluding goodwill)9911131 
Deposits noncurrent assets     0 
Other undisclosed noncurrent assets02350 2
Total noncurrent assets:3530339742
TOTAL ASSETS:45525326231712
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:16108875
Employee-related liabilities1342312
Taxes payable0      
Other undisclosed accounts payable and accrued liabilities(0)365564
Deferred revenue1
Debt1351102
Due to related parties1      
Deferred revenue and credits11111
Other undisclosed current liabilities1542312
Total current liabilities:4142011131010
Noncurrent Liabilities
Long-term debt and lease obligation013101100
Long-term debt, excluding current maturities 13911  
Capital lease obligations000000
Operating lease, liability0
Liabilities, other than long-term debt3 6  0 
Due to related parties1 6  0 
Other liabilities2      
Other undisclosed noncurrent liabilities 5     
Total noncurrent liabilities:318161100
Total liabilities:7323612141010
Stockholders' equity
Stockholders' equity attributable to parent, including:38201714962
Common stock00000  
Additional paid in capital35323128282723
Retained earnings (accumulated deficit)3(12)(14)(14)(19)(20)(22)
Other undisclosed stockholders' equity attributable to parent     00
Total stockholders' equity:38201714962
TOTAL LIABILITIES AND EQUITY:45525326231712

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues21717260614443
Cost of revenue(13)(50)(51)(48)(51)(36)(35)
Gross profit:82121121188
Operating expenses(15)(16)(16)(12)(10)(7)(6)
Operating income (loss):(6)450122
Nonoperating income (expense)(1)(1)(3)(0)0(0)(0)
Interest and debt expense(1)(1)(2)(0)(0)(0)(0)
Other undisclosed income from continuing operations before equity method investments, income taxes11200  
Income (loss) from continuing operations before equity method investments, income taxes:(7)32(0)111
Other undisclosed income from continuing operations before income taxes     00
Income (loss) from continuing operations before income taxes:(7)32(0)111
Income tax expense (benefit)2(1)(2)5(0)(0)(0)
Income (loss) from continuing operations:(5)2(0)5111
Income from discontinued operations20      
Net income (loss) available to common stockholders, basic:152(0)5111
Dilutive securities, effect on basic earnings per share     0 
Other undisclosed net income available to common stockholders, diluted      0
Net income (loss) available to common stockholders, diluted:152(0)5111

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):152(0)5111
Comprehensive income (loss), net of tax, attributable to parent:152(0)5111

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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