Infinite Group Inc (IMCI) financial statements (2021 and earlier)

Company profile

Business Address 80 OFFICE PARK WAY
PITTSFORD, NY 14534
State of Incorp. DE
Fiscal Year End December 31
SIC 737 - Computer Programming, Data Processing, And Other Computer Related Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

9/30/2020
TTM
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 investments 6307442148
Cash and cash equivalents 6307442148
Receivables 432286479243117426
Other undisclosed current assets 65341635(23)
Total current assets: 504319557302165411
Noncurrent Assets
Operating lease, right-of-use asset 195
Property, plant and equipment 6918263960
Deposits noncurrent assets 7     
Other undisclosed noncurrent assets 18577114173146
Total noncurrent assets: 3931525140212206
TOTAL ASSETS: 897334582442377617
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 1,6191,5131,8791,3191,3781,053
Accounts payable 218368865347502342
Accrued liabilities 24388638210159
Employee-related liabilities 218218178219192149
Interest and dividends payable 939839773671583503
Debt 1,02468668683726214
Due to related parties 5810232 120129
Other undisclosed current liabilities 1,100611627594306247
Total current liabilities: 3,8012,9123,2252,7502,0661,443
Noncurrent Liabilities
Long-term debt and lease obligation 6097447381,1501,2471,509
Long-term debt, excluding current maturities 4877447381,1501,2471,509
Operating lease, liability 123
Liabilities, other than long-term debt 394678659534821665
Due to related parties 394678659534821665
Total noncurrent liabilities: 1,0031,4221,3961,6852,0682,174
Total liabilities: 4,8044,3344,6214,4354,1343,617
Stockholders' equity
Stockholders' equity attributable to parent (3,907)(4,000)(4,039)(3,993)(3,757)(3,000)
Common stock 292929292727
Additional paid in capital 30,63830,59330,59230,56330,47630,422
Accumulated deficit (34,575)(34,623)(34,660)(34,585)(34,260)(33,448)
Total stockholders' equity: (3,907)(4,000)(4,039)(3,993)(3,757)(3,000)
TOTAL LIABILITIES AND EQUITY: 897334582442377617

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

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues 7,0946,3706,3877,4137,9468,400
Revenue, net 7,4137,9468,568
Cost of revenue (4,423)(4,158)(4,441)(5,323)(5,995)(6,386)
Cost of goods and services sold    (5,323)(5,995)(6,386)
Other undisclosed gross profit      168
Gross profit: 2,6722,2121,9462,0901,9512,182
Operating expenses (2,343)(2,002)(2,344)(2,165)(2,406)(2,233)
Operating income (loss): 329210(398)(75)(455)(52)
Interest and debt expense (281)(256)(247)(250)(247)(278)
Income (loss) from continuing operations before income taxes: 48(46)(645)(325)(702)(330)
Income tax benefit      45
Net income (loss): 48(46)(645)(325)(702)(285)
Other undisclosed net income (loss) attributable to parent  83570 (109)(213)
Net income (loss) available to common stockholders, diluted: 4837(75)(325)(811)(498)

Comprehensive Income ($ in thousands)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss): 48(46)(645)(325)(702)(285)
Comprehensive income (loss), net of tax, attributable to parent: 48(46)(645)(325)(702)(285)

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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