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)

9/30/2019
TTM
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 investments 30744214817
Cash and cash equivalents 30744214817
Receivables 286479243117426592
Other undisclosed current assets 341635(23)23
Total current assets: 319557302165411632
Noncurrent Assets
Property, plant and equipment 91826396046
Other undisclosed noncurrent assets 77114173146249
Total noncurrent assets: 1525140212206295
TOTAL ASSETS: 334582442377617927
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 1,5131,8791,3191,3781,053681
Accounts payable 368865347502342317
Accrued liabilities 88638210159 
Employee-related liabilities 218178219192149364
Interest and dividends payable 839773671583503 
Debt 6866868372621421
Due to related parties 10232 120129 
Other undisclosed current liabilities 611627594306247865
Total current liabilities: 2,9123,2252,7502,0661,4431,568
Noncurrent Liabilities
Long-term debt and lease obligation 7447381,1501,2471,5091,523
Long-term debt, excluding current maturities 7447381,1501,2471,5091,523
Liabilities, other than long-term debt 678659534821665 
Due to related parties 678659534821665 
Other undisclosed noncurrent liabilities      501
Total noncurrent liabilities: 1,4221,3961,6852,0682,1742,025
Total liabilities: 4,3344,6214,4354,1343,6173,592
Stockholders' equity
Stockholders' equity attributable to parent (4,000)(4,039)(3,993)(3,757)(3,000)(2,665)
Common stock 292929272726
Additional paid in capital 30,59330,59230,56330,47630,42230,259
Accumulated deficit (34,623)(34,660)(34,585)(34,260)(33,448)(32,950)
Total stockholders' equity: (4,000)(4,039)(3,993)(3,757)(3,000)(2,665)
TOTAL LIABILITIES AND EQUITY: 334582442377617927

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues 6,3706,3877,4137,9468,4008,713
Revenue, net 7,4137,9468,5688,713
Cost of revenue (4,158)(4,441)(5,323)(5,995)(6,386)(6,384)
Cost of goods and services sold   (5,323)(5,995)(6,386)(6,384)
Other undisclosed gross profit     168 
Gross profit: 2,2121,9462,0901,9512,1822,329
Operating expenses (2,002)(2,344)(2,165)(2,406)(2,233)(1,888)
Operating income (loss): 210(398)(75)(455)(52)441
Interest and debt expense (256)(247)(250)(247)(278)(309)
Income (loss) from continuing operations before income taxes: (46)(645)(325)(702)(330)132
Income tax benefit     45 
Net income (loss): (46)(645)(325)(702)(285)132
Other undisclosed net income (loss) attributable to parent 83570 (109)(213)(23)
Net income (loss) available to common stockholders, basic: 37(75)(325)(811)(498)109
Dilutive securities, effect on basic earnings per share      51
Net income (loss) available to common stockholders, diluted: 37(75)(325)(811)(498)159

Comprehensive Income ($ in thousands)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss): (46)(645)(325)(702)(285)132
Comprehensive income (loss), net of tax, attributable to parent: (46)(645)(325)(702)(285)132

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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