INFINITE GROUP, INC.: 10-Q filed 2017-08-11

Name: INFINITE GROUP, INC.: 10-Q filed 2017-08-11
Creator: INFINITE GROUP, INC.

What INFINITE GROUP, INC. reported in its quarterly report filed 2017-08-11 (fiscal Q2 2017): 25 published measures, 62 facts as tagged in accession 0001654954-17-007260.

This filing

Form: 10-Q (quarterly report)
Filed: 2017-08-11
Fiscal period: fiscal Q2 2017
Accession: 0001654954-17-007260 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All INFINITE GROUP, INC. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

Period	Value	Unit	Days
At 2017-06-30	766,648	USD
At 2016-12-31	442,053	USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

Period	Value	Unit	Days
At 2017-06-30	5,139,736	USD
At 2016-12-31	4,434,895	USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

Period	Value	Unit	Days
At 2017-06-30	-4,373,088	USD
At 2016-12-31	-3,992,842	USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

Period	Value	Unit	Days
2017-04-01 to 2017-06-30	-195,000	USD	91
2017-01-01 to 2017-06-30	-390,151	USD	181
2016-04-01 to 2016-06-30	-53,722	USD	91
2016-01-01 to 2016-06-30	-219,727	USD	182

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

Period	Value	Unit	Days
2017-01-01 to 2017-06-30	-52,072	USD	181
2016-01-01 to 2016-06-30	-106,119	USD	182

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

Period	Value	Unit	Days
2017-01-01 to 2017-06-30	5,608	USD	181
2016-01-01 to 2016-06-30	4,073	USD	182

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

Period	Value	Unit	Days
2017-01-01 to 2017-06-30	21,211	USD	181
2016-01-01 to 2016-06-30	150,097	USD	182

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

Period	Value	Unit	Days
2017-01-01 to 2017-06-30	-5,608	USD	181
2016-01-01 to 2016-06-30	-4,073	USD	182

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

Period	Value	Unit	Days
At 2017-06-30	-34,974,672	USD
At 2016-12-31	-34,584,521	USD

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

Period	Value	Unit	Days
At 2017-06-30	24,714	USD
At 2016-12-31	26,079	USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

Period	Value	Unit	Days
2017-01-01 to 2017-06-30	9,905	USD	181
2016-01-01 to 2016-06-30	7,937	USD	182

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

Period	Value	Unit	Days
2017-04-01 to 2017-06-30	-134,420	USD	91
2017-01-01 to 2017-06-30	-269,781	USD	181
2016-04-01 to 2016-06-30	9,531	USD	91
2016-01-01 to 2016-06-30	-93,667	USD	182

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

Period	Value	Unit	Days
At 2017-06-30	680,449	USD
At 2016-12-31	301,989	USD

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

Period	Value	Unit	Days
2017-04-01 to 2017-06-30	60,580	USD	91
2017-01-01 to 2017-06-30	120,370	USD	181
2016-04-01 to 2016-06-30	63,253	USD	91
2016-01-01 to 2016-06-30	126,060	USD	182

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

Period	Value	Unit	Days
At 2017-06-30	3,714,256	USD
At 2016-12-31	2,750,344	USD

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

Period	Value	Unit	Days
At 2017-06-30	955,688	USD
At 2016-12-31	346,701	USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

Period	Value	Unit	Days
At 2017-06-30	656,717	USD
At 2016-12-31	243,477	USD

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

Period	Value	Unit	Days
2017-04-01 to 2017-06-30	606,845	USD	91
2017-01-01 to 2017-06-30	1,220,703	USD	181
2016-04-01 to 2016-06-30	484,912	USD	91
2016-01-01 to 2016-06-30	1,067,273	USD	182

Gross profit

Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.

Period	Value	Unit	Days
2017-04-01 to 2017-06-30	472,425	USD	91
2017-01-01 to 2017-06-30	950,922	USD	181
2016-04-01 to 2016-06-30	494,443	USD	91
2016-01-01 to 2016-06-30	973,606	USD	182

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

Period	Value	Unit	Days
At 2017-06-30	29,061,883	shares
At 2016-12-31	29,061,883	shares

Prepaid expenses and other current assets

Prepayments and other current assets grouped under this concept. The balance is not cash and its composition differs by filer.

Period	Value	Unit	Days
At 2017-06-30	17,765	USD
At 2016-12-31	16,076	USD

General and administrative expense

General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.

Period	Value	Unit	Days
2017-04-01 to 2017-06-30	280,152	USD	91
2017-01-01 to 2017-06-30	576,956	USD	181
2016-04-01 to 2016-06-30	290,750	USD	91
2016-01-01 to 2016-06-30	650,630	USD	182

Depreciation expense

Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.

Period	Value	Unit	Days
2017-01-01 to 2017-06-30	71,412	USD	181
2016-01-01 to 2016-06-30	39,916	USD	182

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

Period	Value	Unit	Days
2017-01-01 to 2017-06-30	393,240	USD	181
2016-01-01 to 2016-06-30	24,782	USD	182

Change in accounts payable

The cash flow adjustment for the change in payables during the period. A positive value under this concept means payables grew and added to operating cash flow.

Period	Value	Unit	Days
2017-01-01 to 2017-06-30	608,987	USD	181
2016-01-01 to 2016-06-30	-8,849	USD	182

Inspect the source

Entity: INFINITE GROUP, INC. / CIK 0000884650
Captured: 2026-09-21T17:17:27.296Z
SEC response SHA-256: f6df91eb404003448a41e9264066d01e16bacf3a98efeb42d30b260cff48bdd6

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

Public company accounting reference, not market prices, returns, an investment recommendation, or ALPHAC performance. Validate a separately constructed return series with the validation API; accounting values are not returns.

Use this in research

A financial period ends before its results become public. Use the filing date as a minimum availability boundary, inspect amendments, and retain the original filing vintage when testing historical signals. This latest-filed selection can contain information unavailable at the time.

These pages do not supply prices, total-return histories, corporate-action adjustments or a tradable universe. Build those inputs separately before evaluating a strategy. A profitable backtest can still reflect selection bias or costs that were left out.

Research methodology · Execution and cost assumptions · Check backtest overfitting

Build with the open-source tools

Use these accounting records as inspectable inputs. When you have constructed a return series, the validation tools can help test its statistical evidence and preserve the result with its limitations.

Read the published dataset with Python

import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0000884650.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
    print(concept["tag"], next(iter(concept["observations"])))