INTELLINETICS, INC.
For the period ended Dec 31, 2024. Filed Mar 24, 2025.
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FY2024 · Filed Mar 24, 2025
INLX$3.86+1.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets at December 31, 2024 and 2023
| December 31, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Current assets: | ||
| Cash | $2,489,236 | $1,215,248 |
| Accounts receivable, net | 1,111,504 | 1,850,375 |
| Accounts receivable, unbilled | 1,296,524 | 1,320,837 |
| Parts and supplies, net | 100,561 | 110,272 |
| Contract assets | 139,696 | 140,165 |
| Prepaid expenses and other current assets | 337,035 | 367,478 |
| Total current assets | 5,474,556 | 5,004,375 |
| Property and equipment, net | 1,093,867 | 924,257 |
| Right of use assets, operating | 1,894,866 | 2,532,928 |
| Right of use assets, finance | 237,741 | 219,777 |
| Intangible assets, net | 3,399,029 | 3,909,338 |
| Goodwill | 5,789,821 | 5,789,821 |
| Other assets | 685,076 | 645,764 |
| Total assets | $18,574,956 | $19,026,260 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $310,623 | $194,454 |
| Accrued compensation | 493,700 | 337,884 |
| Accrued expenses | 172,421 | 164,103 |
| Lease liabilities, operating - current | 842,468 | 712,607 |
| Lease liabilities, finance - current | 69,261 | 49,926 |
| Deferred revenues | 3,411,852 | 2,927,808 |
| Notes payable - current | 781,936 | - |
| Notes payable - related party - current | 515,512 | - |
| Total current liabilities | 6,597,773 | 4,386,782 |
| Long-term liabilities: | ||
| Notes payable | - | 2,209,242 |
| Notes payable - related party | - | 560,602 |
| Lease liabilities, operating - net of current portion | 1,161,404 | 1,942,970 |
| Lease liabilities, finance - net of current portion | 184,024 | 175,943 |
| Total long-term liabilities | 1,345,428 | 4,888,757 |
| Total liabilities | 7,943,201 | 9,275,539 |
| Stockholders’ equity: | ||
| Common stock, $0.001 par value, 25,000,000 shares authorized; 4,249,735 and 4,113,621 shares issued and outstanding at December 31, 2024 and 2023, respectively | 4,250 | 4,114 |
| Additional paid-in capital | 32,268,743 | 30,841,630 |
| Accumulated deficit | (21,641,238) | (21,095,023) |
| Total stockholders’ equity | 10,631,755 | 9,750,721 |
| Total liabilities and stockholders’ equity | $18,574,956 | $19,026,260 |
INTELLINETICS, INC. and SUBSIDIARIES
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