Intellinetics, Inc. (INLX) financial statements (2022 and earlier)

Company profile

Business Address 2190 DIVIDEND DRIVE
COLUMBUS, OH 43228
State of Incorp. NV
Fiscal Year End December 31
SIC 7372 - Prepackaged Software (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 investments1,7531,9084041,0891,1266901,117
Cash and cash equivalents1,7531,9084041,0891,1266901,117
Receivables1,6211,316330226296259217
Inventory, net of allowances, customer advances and progress billings, including:2480     
Inventory7780     
Other undisclosed inventory, net of allowances, customer advances and progress billings(53)      
Contract with customer, asset  23 
Other undisclosed current assets2871621157216215147
Total current assets:3,6843,4668721,3871,5841,1001,381
Noncurrent Assets
Operating lease, right-of-use asset3,8422,64197
Property, plant and equipment1,09269979151923
Intangible assets, net (including goodwill)3,2913,508     
Goodwill2,3232,323     
Intangible assets, net (excluding goodwill)9681,185     
Regulated entity, other noncurrent assets     (34) 
Other noncurrent assets53311010101015
Other undisclosed noncurrent assets     34 
Total noncurrent assets:8,2786,87911419252937
TOTAL ASSETS:11,96210,3459871,4061,6091,1291,418
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:687551371308471767827
Accounts payable182142     
Accrued liabilities162132     
Employee-related liabilities344272     
Interest and dividends payable 61,212    
Other undisclosed accounts payable and accrued liabilities  (841)308471767827
Deferred revenue1,195996754
Debt 5813,387 875360402
Deferred compensation liability101101117165213215215
Due to related parties  1,467474173893
Deferred revenue and credits704665638
Contract with customer, liability724
Other undisclosed current liabilities1,5751,3961,212    
Total current liabilities:3,5573,6257,3101,2442,6802,0462,174
Noncurrent Liabilities
Long-term debt and lease obligation5,0713,999533,145  786
Long-term debt, excluding current maturities1,7551,802 3,145  786
Operating lease, liability3,3172,19753
Liabilities, other than long-term debt   1,548343301140
Due to related parties   1,046313299127
Other liabilities   50230113
Other undisclosed noncurrent liabilities(2,645)(630)  1,221744136
Total noncurrent liabilities:5,7435,566534,6931,5641,0441,063
Total liabilities:9,3009,1917,3635,9374,2443,0913,237
Stockholders' equity
Stockholders' equity attributable to parent2,6621,154(6,376)(4,531)(2,635)(1,962)(1,819)
Common stock333231302722
Additional paid in capital24,29724,14714,38814,10113,64912,96611,537
Accumulated deficit(21,638)(22,996)(20,796)(18,663)(16,314)(14,955)(13,378)
Total stockholders' equity:2,6621,154(6,376)(4,531)(2,635)(1,962)(1,819)
TOTAL LIABILITIES AND EQUITY:11,96210,3459871,4061,6091,1291,418

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
Revenues11,4608,2532,5362,381112,6022,337
Revenue, net2,6232,6022,337
Cost of revenue(4,517)(3,263)(568)(742)(760)(710)(482)
Cost of goods and services sold    (760)(710)(482)
Other undisclosed gross profit    2,612  
Gross profit:6,9434,9911,9681,6391,8631,8921,855
Operating expenses(5,978)(7,029)(3,121)(3,114)(3,032)(3,262)(3,411)
Operating income (loss):965(2,038)(1,153)(1,475)(1,169)(1,370)(1,556)
Nonoperating income (expense)393(350) (866)(191)(206)(2,366)
Interest and debt expense845287(981)(866)419(206)(2,366)
Income (loss) from continuing operations before equity method investments, income taxes:2,203(2,101)(2,133)(3,206)(940)(1,783)(6,287)
Other undisclosed loss from continuing operations before income taxes(845)(287)     
Income (loss) from continuing operations before income taxes:1,358(2,389)(2,133)(3,206)(940)(1,783)(6,287)
Income tax benefit92188     
Net income (loss):1,450(2,200)(2,133)(3,206)(940)(1,783)(6,287)
Other undisclosed net income (loss) attributable to parent(92)  866(419)2062,366
Net income (loss) available to common stockholders, diluted:1,358(2,200)(2,133)(2,340)(1,359)(1,576)(3,921)

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):1,450(2,200)(2,133)(3,206)(940)(1,783)(6,287)
Comprehensive income (loss), net of tax, attributable to parent:1,450(2,200)(2,133)(3,206)(940)(1,783)(6,287)

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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