Infinite Group (IMCI) Financial Statements

Price: $0.0002
Market Cap: $104
Avg Volume: 1.30K
Country: US
Industry: Information Technology Services
Sector: Technology
Beta: 0.285
52W Range: $0.0002-0.0051
Website: Infinite Group

Overview of Financial Statements

Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:

  • Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
  • Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
  • Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.

This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Infinite Group.


Income Statement

Revenue
Cost of Revenue
Revenue and Costs$10.00M$10.00M$8.00M$8.00M$6.00M$6.00M$4.00M$4.00M$2.00M$2.00M$0.00$0.0020142014201520152016201620172017201820182019201920202020202120212022202220232023
Operating Expenses
Operating Income
Operating Expenses & Income$6.00M$6.00M$4.00M$4.00M$2.00M$2.00M$0.00$0.00-$2.00M-$2.00M-$4.00M-$4.00M20142014201520152016201620172017201820182019201920202020202120212022202220232023
Breakdown December 31, 2022 December 31, 2021 December 31, 2020 December 31, 2019 December 31, 2018 December 31, 2017 December 31, 2016 December 31, 2015 December 31, 2014 December 31, 2013
Revenue $7.00M $7.22M $7.22M $7.09M $6.37M $6.39M $7.41M $7.95M $8.57M $8.71M
Cost of Revenue $4.26M $4.49M $4.18M $4.42M $4.16M $4.44M $5.32M $5.99M $6.39M $6.38M
Gross Profit $2.74M $2.73M $3.04M $2.67M $2.21M $1.95M $2.09M $1.95M $2.18M $2.33M
Gross Profit Ratio 39.14% 37.86% 42.14% 37.66% 34.72% 30.46% 28.19% 24.55% 25.46% 26.73%
Research and Development Expenses $46.49K $153.60K $159.70K $- $- $- $- $- $- $-
General and Administrative Expenses $2.49M $2.16M $1.70M $1.33M $1.08M $1.15M $1.22M $1.52M $1.30M $1.02M
Selling and Marketing Expenses $2.59M $1.98M $1.34M $1.01M $917.98K $1.19M $946.74K $887.45K $930.90K $865.66K
Selling General and Administrative Expenses $5.08M $4.14M $3.04M $2.34M $2.00M $2.34M $2.16M $2.41M $2.23M $1.89M
Other Expenses $-46.49K $120.50K $967.01K $- $83.25K $570.00K $- $- $- $-
Operating Expenses $5.08M $4.14M $3.04M $2.34M $2.00M $2.34M $2.16M $2.41M $2.23M $1.89M
Cost and Expenses $9.34M $8.63M $7.22M $6.77M $6.16M $6.78M $7.49M $8.40M $8.62M $8.27M
Interest Income $109 $37 $786 $281.16K $- $- $- $- $- $-
Interest Expense $1.16M $281.79K $293.09K $281.16K $255.94K $247.06K $250.17K $246.74K $278.33K $309.13K
Depreciation and Amortization $240.92K $186.38K $91.03K $14.11K $10.27K $142.21K $91.62K $68.90K $26.49K $21.07K
EBITDA $-2.16M $-1.10M $1.06M $329.14K $303.21K $314.27K $16.79K $-512.76K $-194.62K $461.70K
EBITDA Ratio -30.83% -15.24% 14.68% 4.64% 4.76% 4.92% 0.23% -6.45% -2.27% 5.30%
Operating Income $-2.34M $-1.41M $969.08K $329.14K $209.69K $-397.94K $-74.83K $-455.34K $-51.67K $440.63K
Operating Income Ratio -33.41% -19.48% 13.42% 4.64% 3.29% -6.23% -1.01% -5.73% -0.60% 5.06%
Total Other Income Expenses Net $-1.22M $-161.24K $674.71K $-281.16K $-172.69K $322.94K $-250.17K $-355.74K $-446.33K $-332.13K
Income Before Tax $-3.56M $-1.57M $676.00K $47.98K $37.00K $-75.00K $-325.00K $-811.08K $-498.00K $108.50K
Income Before Tax Ratio -50.86% -21.72% 9.36% 0.68% 0.58% -1.17% -4.38% -10.21% -5.81% 1.25%
Income Tax Expense $- $402.29K $1.26M $281.16K $83.25K $817.06K $- $246.74K $278.33K $309.13K
Net Income $-3.56M $-1.97M $-584.10K $-233.18K $37.00K $-75.00K $-325.00K $-811.08K $-498.00K $108.50K
Net Income Ratio -50.86% -27.28% -8.09% -3.29% 0.58% -1.17% -4.38% -10.21% -5.81% 1.25%
EPS $-7.95 $-4.91 $-1.01 $-0.60 $0.10 $-0.19 $-0.86 $-2.29 $-1.50 $0.31
EPS Diluted $-7.95 $-4.91 $-1.01 $-0.59 $0.10 $-0.19 $-0.86 $-2.29 $-1.44 $0.18
Weighted Average Shares Outstanding 447.87K 401.64K 579.33K 387.49K 387.49K 387.49K 378.11K 354.16K 332.00K 346.16K
Weighted Average Shares Outstanding Diluted 447.87K 401.64K 579.33K 397.49K 387.49K 387.49K 378.11K 354.16K 346.84K 618.14K
SEC Filing Source Source Source Source Source Source Source Source Source Source

Balance Sheet

Total Assets
Total Liabilities
Total Assets and Liabilities$10.00M$10.00M$8.00M$8.00M$6.00M$6.00M$4.00M$4.00M$2.00M$2.00M$0.00$0.0020142014201520152016201620172017201820182019201920202020202120212022202220232023
Equity$0.00$0.00-$2.00M-$2.00M-$4.00M-$4.00M-$6.00M-$6.00M-$8.00M-$8.00M20142014201520152016201620172017201820182019201920202020202120212022202220232023
Breakdown December 31, 2022 December 31, 2021 December 31, 2020 December 31, 2019 December 31, 2018 December 31, 2017 December 31, 2016 December 31, 2015 December 31, 2014 December 31, 2013
Cash and Cash Equivalents $23.19K $99.43K $32.31K $6.40K $29.72K $73.73K $42.44K $13.51K $7.77K $16.95K
Short Term Investments $- $- $- $- $- $- $- $- $- $-
Cash and Short Term Investments $23.19K $99.43K $32.31K $6.40K $29.72K $73.73K $42.44K $13.51K $7.77K $16.95K
Net Receivables $406.00K $727.30K $953.83K $432.29K $286.19K $479.29K $243.48K $117.01K $359.60K $592.04K
Inventory $- $-0 $0 $- $0 $- $-0 $- $- $0
Other Current Assets $144.22K $437.64K $192.97K $130.57K $5.81K $8.65K $32.15K $52.58K $87.31K $45.02K
Total Current Assets $573.41K $1.05M $1.08M $503.97K $318.81K $557.35K $301.99K $165.47K $411.02K $631.50K
Property Plant Equipment Net $665.09K $82.63K $168.98K $201.36K $8.63K $18.35K $26.08K $39.27K $60.04K $46.12K
Goodwill $- $- $- $- $- $- $- $- $- $-
Intangible Assets $417.32K $417.65K $354.90K $184.68K $- $- $105.00K $153.00K $- $-
Goodwill and Intangible Assets $417.32K $417.65K $354.90K $184.68K $- $- $105.00K $153.00K $- $-
Long Term Investments $- $- $- $- $- $- $- $-3.43M $109.00K $247.00K
Tax Assets $- $- $- $- $- $- $- $3.43M $- $-
Other Non-Current Assets $10.14K $6.94K $6.94K $6.94K $6.67K $6.67K $8.98K $19.64K $36.96K $2.32K
Total Non-Current Assets $1.09M $507.21K $530.82K $392.97K $15.29K $25.02K $140.06K $211.91K $206.00K $295.44K
Other Assets $- $- $- $- $- $- $- $- $- $-
Total Assets $1.67M $1.55M $1.61M $896.94K $334.10K $582.37K $442.05K $377.38K $617.02K $926.94K
Account Payables $1.69M $536.86K $343.07K $217.78K $367.54K $864.93K $346.70K $501.59K $341.98K $316.87K
Short Term Debt $2.78M $1.61M $1.33M $2.00M $1.15M $1.11M $1.21M $470.75K $181.56K $193.19K
Tax Payables $- $- $- $- $- $- $- $- $- $-
Deferred Revenue $550.52K $497.73K $320.04K $178.82K $- $- $1.20M $1.09M $- $-
Other Current Liabilities $1.60M $1.46M $1.14M $1.58M $1.39M $1.25M $1.20M $1.09M $919.27K $1.06M
Total Current Liabilities $6.61M $4.11M $3.13M $3.80M $2.91M $3.22M $2.75M $2.07M $1.44M $1.57M
Long Term Debt $1.92M $1.54M $1.52M $1.00M $1.42M $1.40M $1.68M $2.03M $2.17M $2.02M
Deferred Revenue Non-Current $- $- $- $- $- $- $- $- $- $-
Deferred Tax Liabilities Non-Current $- $- $- $- $- $- $- $- $- $-
Other Non-Current Liabilities $- $- $69.03K $- $- $- $- $34.64K $- $-
Total Non-Current Liabilities $1.92M $1.54M $1.58M $1.00M $1.42M $1.40M $1.68M $2.07M $2.17M $2.02M
Other Liabilities $- $- $- $- $- $- $- $- $- $-
Total Liabilities $8.53M $5.65M $4.72M $4.80M $4.33M $4.62M $4.43M $4.13M $3.62M $3.59M
Preferred Stock $1 $0 $- $1 $- $- $- $- $- $1
Common Stock $470 $32.70K $29.06K $29.06K $29.06K $29.06K $29.06K $26.56K $26.56K $25.96K
Retained Earnings $-39.03M $-35.47M $-33.90M $-34.57M $-34.62M $-34.66M $-34.58M $-34.26M $-33.45M $-32.95M
Accumulated Other Comprehensive Income Loss $0 $-0 $- $0 $- $- $- $- $- $0
Other Total Stockholders Equity $32.16M $31.34M $30.76M $30.64M $30.59M $30.59M $30.56M $30.48M $30.42M $30.26M
Total Stockholders Equity $-6.86M $-4.10M $-3.11M $-3.91M $-4.00M $-4.04M $-3.99M $-3.76M $-3.00M $-2.67M
Total Equity $-6.86M $-4.10M $-3.11M $-3.91M $-4.00M $-4.04M $-3.99M $-3.76M $-3.00M $-2.67M
Total Liabilities and Stockholders Equity $1.67M $1.55M $1.61M $896.94K $334.10K $582.37K $442.05K $377.38K $617.02K $926.94K
Minority Interest $- $- $- $- $- $- $- $- $- $-
Total Liabilities and Total Equity $1.67M $1.55M $1.61M $896.94K $334.10K $582.37K $442.05K $377.38K $617.02K $926.94K
Total Investments $- $- $- $- $- $- $- $-3.43M $109.00K $247.00K
Total Debt $4.70M $3.15M $2.76M $2.93M $2.58M $2.51M $2.05M $2.26M $2.36M $2.22M
Net Debt $4.67M $3.05M $2.73M $2.92M $2.55M $2.43M $2.01M $2.25M $2.35M $2.20M

Cash Flow Statement

Operating Cash Flow
Investing Cash Flow
Operating and Investing Cash Flow$300.00K$300.00K$0.00$0.00-$300.00K-$300.00K-$600.00K-$600.00K-$900.00K-$900.00K-$1.20M-$1.20M20142014201520152016201620172017201820182019201920202020202120212022202220232023
Financing Cash Flow$1.20M$1.20M$900.00K$900.00K$600.00K$600.00K$300.00K$300.00K$0.00$0.00-$300.00K-$300.00K20142014201520152016201620172017201820182019201920202020202120212022202220232023
Breakdown December 31, 2022 December 31, 2021 December 31, 2020 December 31, 2019 December 31, 2018 December 31, 2017 December 31, 2016 December 31, 2015 December 31, 2014 December 31, 2013
Net Income $-3.56M $-1.57M $676.00K $47.98K $37.00K $-75.00K $-325.00K $-811.08K $-498.00K $108.50K
Depreciation and Amortization $240.92K $186.38K $97.87K $29.65K $24.18K $142.21K $91.62K $68.90K $26.49K $21.07K
Deferred Income Tax $- $-111.50K $- $-384.42K $- $-40.00K $-36.80K $165.15K $57.66K $-71.70K
Stock Based Compensation $143.18K $117.59K $125.54K $44.81K $1.47K $29.28K $36.80K $53.85K $110.34K $94.70K
Change in Working Capital $1.40M $779.64K $-356.65K $-92.86K $-101.53K $387.54K $-181.66K $475.19K $115.47K $-71.65K
Accounts Receivables $-89.18K $217.53K $-528.54K $-146.10K $201.11K $-195.82K $-126.47K $132.59K $232.45K $-120.89K
Inventory $- $190.63K $- $193.08K $185.23K $55.97K $- $174.28K $-138.26K $-
Accounts Payables $1.15M $193.79K $125.30K $-149.76K $-497.39K $518.23K $-154.89K $159.61K $25.10K $35.86K
Other Working Capital $340.03K $177.69K $46.59K $9.93K $9.54K $65.13K $99.70K $182.99K $-142.08K $13.38K
Other Non Cash Items $725.85K $51.89K $-956.52K $384.42K $-91.25K $-610.00K $501.40K $219.00K $168.00K $23.00K
Net Cash Provided by Operating Activities $-1.05M $-544.82K $-413.75K $29.57K $-130.12K $-125.97K $-378.23K $5.86K $-77.70K $175.62K
Investments in Property Plant and Equipment $-969 $-243.03K $-303.54K $-196.16K $-546 $-5.61K $-8.38K $-103.81K $-38.97K $-29.13K
Acquisitions Net $- $- $- $- $- $- $- $- $- $-
Purchases of Investments $- $- $- $- $- $- $- $- $-30.00K $-155.83K
Sales Maturities of Investments $- $- $- $- $- $- $- $- $- $-
Other Investing Activities $-215.05K $-229.53K $-255.23K $-194.22K $- $- $- $-100.00K $-30.00K $-155.83K
Net Cash Used for Investing Activities $-216.02K $-243.03K $-303.54K $-196.16K $-546 $-5.61K $-8.38K $-103.81K $-68.97K $-184.97K
Debt Repayment $1.42M $781.20K $743.21K $143.27K $86.65K $162.87K $415.54K $103.70K $137.49K $-29.87K
Common Stock Issued $17.00K $100.00K $- $- $- $- $- $- $- $-
Common Stock Repurchased $- $- $- $- $- $- $- $- $- $-
Dividends Paid $- $- $- $- $- $- $- $- $- $-
Other Financing Activities $-225.30K $73.77K $- $- $- $- $- $- $- $-
Net Cash Used Provided by Financing Activities $1.19M $854.97K $743.21K $143.27K $86.65K $162.87K $415.54K $103.70K $137.49K $-29.87K
Effect of Forex Changes on Cash $- $- $- $- $- $- $- $- $- $-
Net Change in Cash $-76.25K $67.12K $25.91K $-23.32K $-44.02K $31.30K $28.93K $5.74K $-9.18K $-39.21K
Cash at End of Period $23.19K $99.43K $32.31K $6.40K $29.72K $73.73K $42.44K $13.51K $7.77K $16.95K
Cash at Beginning of Period $99.43K $32.31K $6.40K $29.72K $73.73K $42.44K $13.51K $7.77K $16.95K $56.16K
Operating Cash Flow $-1.05M $-544.82K $-413.75K $29.57K $-130.12K $-125.97K $-378.23K $5.86K $-77.70K $175.62K
Capital Expenditure $-216.02K $-243.03K $-303.54K $-196.16K $-546 $-5.61K $-8.38K $-103.81K $-38.97K $-29.13K
Free Cash Flow $-1.27M $-787.85K $-717.29K $-166.59K $-130.67K $-131.57K $-386.61K $-97.95K $-116.67K $146.49K