INFINITE GROUP, INC.: 10-Q filed 2022-08-15

Name: INFINITE GROUP, INC.: 10-Q filed 2022-08-15
Creator: INFINITE GROUP, INC.

What INFINITE GROUP, INC. reported in its quarterly report filed 2022-08-15 (fiscal Q2 2022): 33 published measures, 94 facts as tagged in accession 0001654954-22-011399.

This filing

Form: 10-Q (quarterly report)
Filed: 2022-08-15
Fiscal period: fiscal Q2 2022
Accession: 0001654954-22-011399 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 2022-06-30	1,997,119	USD
At 2021-12-31	1,552,765	USD

Total liabilities

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

Period	Value	Unit	Days
At 2022-06-30	7,384,661	USD
At 2021-12-31	5,650,654	USD

Stockholders equity

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

Period	Value	Unit
At 2022-06-30	-5,387,542	USD
At 2022-03-31	-4,816,866	USD
At 2021-12-31	-4,097,889	USD
At 2021-06-30	-3,491,277	USD
At 2021-03-31	-3,229,749	USD
At 2020-12-31	-3,105,770	USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

Period	Value	Unit
At 2022-06-30	1,594	USD
At 2021-12-31	99,432	USD
At 2021-06-30	3,966	USD
At 2020-12-31	32,313	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
2022-04-01 to 2022-06-30	-833,200	USD	91
2022-01-01 to 2022-06-30	-1,701,434	USD	181
2022-01-01 to 2022-03-31	-868,234	USD	90
2021-04-01 to 2021-06-30	-416,503	USD	91
2021-01-01 to 2021-06-30	-568,730	USD	181
2021-01-01 to 2021-03-31	-152,227	USD	90

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
2022-01-01 to 2022-06-30	-636,906	USD	181
2021-01-01 to 2021-06-30	-12,380	USD	181

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
2022-01-01 to 2022-06-30	969	USD	181
2021-01-01 to 2021-06-30	8,722	USD	181

Revenue

Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.

Period	Value	Unit	Days
2022-04-01 to 2022-06-30	1,696,492	USD	91
2022-01-01 to 2022-06-30	3,363,562	USD	181
2021-04-01 to 2021-06-30	1,797,504	USD	91
2021-01-01 to 2021-06-30	3,621,846	USD	181

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
2022-01-01 to 2022-06-30	650,415	USD	181
2021-01-01 to 2021-06-30	113,930	USD	181

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
2022-01-01 to 2022-06-30	-111,347	USD	181
2021-01-01 to 2021-06-30	-129,897	USD	181

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 2022-06-30	-37,168,795	USD
At 2021-12-31	-35,467,361	USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

Period	Value	Unit	Days
2022-04-01 to 2022-06-30	33,296,434	shares	91
2022-01-01 to 2022-06-30	33,000,304	shares	181
2021-04-01 to 2021-06-30	29,238,323	shares	91
2021-01-01 to 2021-06-30	29,150,590	shares	181

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

Period	Value	Unit	Days
2022-04-01 to 2022-06-30	33,296,434	shares	91
2022-01-01 to 2022-06-30	33,000,304	shares	181
2021-04-01 to 2021-06-30	29,238,323	shares	91
2021-01-01 to 2021-06-30	29,150,590	shares	181

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 2022-06-30	30,982	USD
At 2021-12-31	41,138	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
2022-01-01 to 2022-06-30	52,631	USD	181
2021-01-01 to 2021-06-30	110,168	USD	181

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
2022-04-01 to 2022-06-30	-589,421	USD	91
2022-01-01 to 2022-06-30	-1,295,199	USD	181
2021-04-01 to 2021-06-30	-360,472	USD	91
2021-01-01 to 2021-06-30	-461,162	USD	181

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 2022-06-30	850,217	USD
At 2021-12-31	1,045,550	USD

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 2022-06-30	5,314,974	USD
At 2021-12-31	4,107,580	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 2022-06-30	1,086,528	USD
At 2021-12-31	536,863	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
2022-04-01 to 2022-06-30	1,226,274	USD	91
2022-01-01 to 2022-06-30	2,477,882	USD	181
2021-04-01 to 2021-06-30	1,048,753	USD	91
2021-01-01 to 2021-06-30	1,900,870	USD	181

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
2022-04-01 to 2022-06-30	636,853	USD	91
2022-01-01 to 2022-06-30	1,182,683	USD	181
2021-04-01 to 2021-06-30	688,281	USD	91
2021-01-01 to 2021-06-30	1,439,708	USD	181

Cost of revenue

Costs attributed to goods produced and sold and services provided during the period. This is not the sum of every operating expense.

Period	Value	Unit	Days
2022-04-01 to 2022-06-30	1,059,639	USD	91
2022-01-01 to 2022-06-30	2,180,879	USD	181
2021-04-01 to 2021-06-30	1,109,223	USD	91
2021-01-01 to 2021-06-30	2,182,138	USD	181

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 2022-06-30	33,561,124	shares
At 2021-12-31	32,700,883	shares

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

Period	Value	Unit	Days
At 2022-06-30	31,747,693	USD
At 2021-12-31	31,336,772	USD

Operating lease right-of-use asset

Carrying amount of the right to use leased assets under operating leases. It reflects discounted remaining payments, not the value of the underlying property.

Period	Value	Unit	Days
At 2022-06-30	684,552	USD
At 2021-12-31	41,490	USD

Operating lease liability

Present value of remaining operating lease payments. Discount-rate choices and lease terms affect the amount; it is not the sum of undiscounted future rent.

Period	Value	Unit	Days
At 2022-06-30	685,166	USD
At 2021-12-31	42,347	USD

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 2022-06-30	198,220	USD
At 2021-12-31	218,821	USD

Profit or loss including noncontrolling interests

Net income or loss including the portion attributable to noncontrolling interests. It can differ from the net income attributable to the parent that per-share figures use.

Period	Value	Unit	Days
2022-01-01 to 2022-06-30	-1,701,434	USD	181
2021-01-01 to 2021-06-30	-568,730	USD	181

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
2022-04-01 to 2022-06-30	613,317	USD	91
2022-01-01 to 2022-06-30	1,217,300	USD	181
2021-04-01 to 2021-06-30	541,711	USD	91
2021-01-01 to 2021-06-30	1,006,103	USD	181

Other nonoperating income or expense

Other income or expense outside operations under this concept. The composition is filer-specific and can include one-time items.

Period	Value	Unit	Days
2022-04-01 to 2022-06-30	-243,779	USD	91
2022-01-01 to 2022-06-30	-406,235	USD	181
2021-04-01 to 2021-06-30	-56,031	USD	91
2021-01-01 to 2021-06-30	-107,568	USD	181

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

Period	Value	Unit	Days
2022-01-01 to 2022-06-30	54,826	USD	181
2021-01-01 to 2021-06-30	39,369	USD	181

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
2022-01-01 to 2022-06-30	76,894	USD	181
2021-01-01 to 2021-06-30	157,170	USD	181

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
2022-01-01 to 2022-06-30	549,665	USD	181
2021-01-01 to 2021-06-30	14,978	USD	181

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.

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import json
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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"]:
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