INTELLINETICS INC
For the period ended Dec 31, 2023. Filed Mar 28, 2024.
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FY2023 · Filed Mar 28, 2024
INLX$3.86+1.0%Stored close · as of Nov 10, 2026
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Consolidated Balance Sheets at December 31, 2023 and 2022
| December 31, | December 31, | |
|---|---|---|
| 2023 | 2022 | |
| ASSETS | ||
| Current assets: | ||
| Cash | $1,215,248 | $2,696,481 |
| Accounts receivable, net | 1,850,375 | 1,121,083 |
| Accounts receivable, unbilled | 1,320,837 | 596,410 |
| Parts and supplies, net | 110,272 | 73,221 |
| Contract assets | 140,165 | 80,378 |
| Prepaid expenses and other current assets | 367,478 | 325,466 |
| Total current assets | 5,004,375 | 4,893,039 |
| Property and equipment, net | 924,257 | 1,068,706 |
| Right of use assets, operating | 2,532,928 | 3,200,191 |
| Right of use assets, finance | 219,777 | 154,282 |
| Intangible assets, net | 3,909,338 | 4,419,646 |
| Goodwill | 5,789,821 | 5,789,821 |
| Other assets | 645,764 | 417,457 |
| Total assets | $19,026,260 | $19,943,142 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $194,454 | $370,300 |
| Accrued compensation | 337,884 | 411,683 |
| Accrued expenses | 164,103 | 114,902 |
| Lease liabilities, operating - current | 712,607 | 692,074 |
| Lease liabilities, finance - current | 49,926 | 22,493 |
| Deferred revenues | 2,927,808 | 2,754,064 |
| Earnout liabilities - current | - | 700,000 |
| Notes payable - current | - | 936,966 |
| Total current liabilities | 4,386,782 | 6,002,482 |
| Long-term liabilities: | ||
| Notes payable - net of current portion | 2,209,242 | 2,085,035 |
| Notes payable - related party | 560,602 | 529,084 |
| Lease liabilities, operating - net of current portion | 1,942,970 | 2,624,608 |
| Lease liabilities, finance - net of current portion | 175,943 | 133,131 |
| Total long-term liabilities | 4,888,757 | 5,371,858 |
| Total liabilities | 9,275,539 | 11,374,340 |
| Stockholders’ equity: | ||
| Common stock, $0.001 par value, 25,000,000 shares authorized; 4,113,621 and 4,073,757 shares issued and outstanding at December 31, 2023 and 2022, respectively | 4,114 | 4,074 |
| Additional paid-in capital | 30,841,630 | 30,179,017 |
| Accumulated deficit | (21,095,023) | (21,614,289) |
| Total stockholders’ equity | 9,750,721 | 8,568,802 |
| Total liabilities and stockholders’ equity | $19,026,260 | $19,943,142 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.