CynergisTek, Inc. (CTEK) financial statements (2021 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 millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6574665
Cash and cash equivalents6574665
Receivables4311131077
Prepaid expense  11111
Other undisclosed current assets2141010
Total current assets:12102219171613
Noncurrent Assets
Operating lease, right-of-use asset 2
Property, plant and equipment1111100
Intangible assets, net (including goodwill)14332829364
Goodwill8241919242
Intangible assets, net (excluding goodwill)69911131
Deposits noncurrent assets      0
Deferred income tax assets5 
Other undisclosed noncurrent assets002350 
Total noncurrent assets:20353033974
TOTAL ASSETS:32455253262317
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:11610887
Employee-related liabilities1134231
Taxes payable 0     
Other undisclosed accounts payable and accrued liabilities1(0)36556
Deferred revenue11
Debt 135110
Due to related parties11     
Deferred revenue and credits1111
Other undisclosed current liabilities1154231
Total current liabilities:441420111310
Noncurrent Liabilities
Long-term debt and lease obligation301310110
Long-term debt, excluding current maturities3 13911 
Capital lease obligations00000
Operating lease, liability00
Liabilities, other than long-term debt13 6  0
Due to related parties01 6  0
Other liabilities12     
Other undisclosed noncurrent liabilities  5    
Total noncurrent liabilities:431816110
Total liabilities:973236121410
Stockholders' equity
Stockholders' equity attributable to parent, including:233820171496
Common stock000000 
Additional paid in capital39353231282827
Retained earnings (accumulated deficit)(15)3(12)(14)(14)(19)(20)
Other undisclosed stockholders' equity attributable to parent      0
Total stockholders' equity:233820171496
TOTAL LIABILITIES AND EQUITY:32455253262317

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues19217172606144
Cost of revenue(13)(13)(50)(51)(48)(51)(36)
Gross profit:68212112118
Operating expenses(30)(15)(16)(16)(12)(10)(7)
Operating income (loss):(23)(6)45012
Nonoperating income (expense)(0)(1)(1)(3)(0)0(0)
Interest and debt expense(0)(1)(1)(2)(0)(0)(0)
Other undisclosed income from continuing operations before equity method investments, income taxes011200 
Income (loss) from continuing operations before equity method investments, income taxes:(24)(7)32(0)11
Other undisclosed income from continuing operations before income taxes      0
Income (loss) from continuing operations before income taxes:(24)(7)32(0)11
Income tax expense (benefit)52(1)(2)5(0)(0)
Income (loss) from continuing operations:(18)(5)2(0)511
Income from discontinued operations 20     
Net income (loss) available to common stockholders, basic:(18)152(0)511
Dilutive securities, effect on basic earnings per share      0
Net income (loss) available to common stockholders, diluted:(18)152(0)511

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(18)152(0)511
Comprehensive income (loss), net of tax, attributable to parent:(18)152(0)511

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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