Infinite Group Inc (IMCI) financial statements (2022 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)

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 investments9932630744214
Cash and cash equivalents9932630744214
Receivables727954432286479243117
Other undisclosed current assets2199665341635
Total current assets:1,0461,083504319557302165
Noncurrent Assets
Operating lease, right-of-use asset41121195
Property, plant and equipment414869182639
Intangible assets, net (including goodwill)418      
Intangible assets, net (excluding goodwill)418      
Deposits noncurrent assets 77    
Other undisclosed noncurrent assets735518577114173
Total noncurrent assets:5075313931525140212
TOTAL ASSETS:1,5531,613897334582442377
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1671,3021,6191,5131,8791,3191,378
Accounts payable537343218368865347502
Accrued liabilities 75243886382101
Employee-related liabilities426353218218178219192
Interest and dividends payable594531939839773671583
Other undisclosed accounts payable and accrued liabilities(1,390)      
Deferred revenue 320 
Debt7651,0041,024686686837262
Due to related parties229 5810232 120
Other undisclosed current liabilities2,9465071,100611627594306
Total current liabilities:4,1083,1343,8012,9123,2252,7502,066
Noncurrent Liabilities
Long-term debt and lease obligation 5006097447381,1501,247
Long-term debt, excluding current maturities 4584877447381,1501,247
Operating lease, liability 42123
Liabilities, other than long-term debt1,0851,016394678659534821
Due to related parties1,0851,016394678659534821
Other undisclosed noncurrent liabilities45869     
Total noncurrent liabilities:1,5431,5851,0031,4221,3961,6852,068
Total liabilities:5,6514,7194,8044,3344,6214,4354,134
Stockholders' equity
Stockholders' equity attributable to parent(4,098)(3,106)(3,907)(4,000)(4,039)(3,993)(3,757)
Common stock33292929292927
Additional paid in capital31,33730,76430,63830,59330,59230,56330,476
Accumulated deficit(35,467)(33,899)(34,575)(34,623)(34,660)(34,585)(34,260)
Total stockholders' equity:(4,098)(3,106)(3,907)(4,000)(4,039)(3,993)(3,757)
TOTAL LIABILITIES AND EQUITY:1,5531,613897334582442377

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
Revenues7,2247,2197,0946,3706,3877,4137,946
Revenue, net 7,4137,946
Cost of revenue(4,489)(4,177)(4,423)(4,158)(4,441)(5,323)(5,995)
Cost of goods and services sold     (5,323)(5,995)
Gross profit:2,7353,0422,6722,2121,9462,0901,951
Operating expenses(4,143)(3,041)(2,343)(2,002)(2,344)(2,165)(2,406)
Operating income (loss):(1,408)1329210(398)(75)(455)
Nonoperating income0675     
Investment income, nonoperating0      
Other nonoperating income 675     
Interest and debt expense(282)(293)(281)(256)(247)(250)(247)
Net income (loss):(1,689)38348(46)(645)(325)(702)
Other undisclosed net income (loss) attributable to parent121293 83570 (109)
Net income (loss) available to common stockholders, diluted:(1,569)6764837(75)(325)(811)

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):(1,689)38348(46)(645)(325)(702)
Comprehensive income (loss), net of tax, attributable to parent:(1,689)38348(46)(645)(325)(702)

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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