IMAC Holdings, Inc.: 10-Q filed 2022-11-14

Name: IMAC Holdings, Inc.: 10-Q filed 2022-11-14
Creator: IMAC Holdings, Inc.

What IMAC Holdings, Inc. reported in its quarterly report filed 2022-11-14 (fiscal Q3 2022): 41 published measures, 117 facts as tagged in accession 0001493152-22-032290.

This filing

Form: 10-Q (quarterly report)
Filed: 2022-11-14
Fiscal period: fiscal Q3 2022
Accession: 0001493152-22-032290 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 IMAC Holdings, 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 2022-09-30	18,532,239	USD
At 2021-12-31	27,229,193	USD

Total liabilities

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

Period	Value	Unit	Days
At 2022-09-30	6,977,337	USD
At 2021-12-31	9,276,132	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	Days
At 2022-09-30	2,833,391	USD
At 2021-12-31	7,118,980	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
2022-07-01 to 2022-09-30	-6,333,625	USD	92
2022-01-01 to 2022-09-30	-11,339,849	USD	273
2022-04-01 to 2022-06-30	-1,844,099	USD	91
2022-01-01 to 2022-03-31	-3,162,125	USD	90
2021-07-01 to 2021-09-30	-2,892,631	USD	92
2021-01-01 to 2021-09-30	-7,660,795	USD	273
2021-04-01 to 2021-06-30	-2,538,741	USD	91
2021-01-01 to 2021-03-31	-2,229,423	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 2022-09-30	-8,220,753	USD	273
2021-01-01 to 2021-09-30	-5,741,094	USD	273

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 2022-09-30	285,940	USD	273
2021-01-01 to 2021-09-30	371,882	USD	273

Contract revenue excluding tax

Revenue from customer contracts excluding assessed taxes under this specific taxonomy concept. It is not automatically comparable to older revenue tags.

Period	Value	Unit	Days
2022-07-01 to 2022-09-30	3,786,228	USD	92
2022-01-01 to 2022-09-30	12,714,302	USD	273
2021-07-01 to 2021-09-30	3,487,496	USD	92
2021-01-01 to 2021-09-30	10,017,264	USD	273

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 2022-09-30	4,151,104	USD	273
2021-01-01 to 2021-09-30	15,467,300	USD	273

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 2022-09-30	-215,940	USD	273
2021-01-01 to 2021-09-30	-1,155,836	USD	273

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 2022-09-30	-39,546,783	USD
At 2021-12-31	-28,206,934	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
2022-07-01 to 2022-09-30	27,424,985	shares	92
2022-01-01 to 2022-09-30	26,865,713	shares	273
2021-07-01 to 2021-09-30	25,322,356	shares	92
2021-01-01 to 2021-09-30	21,446,726	shares	273

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

Period	Value	Unit	Days
2022-07-01 to 2022-09-30	-0.23	USD/shares	92
2022-01-01 to 2022-09-30	-0.42	USD/shares	273
2021-07-01 to 2021-09-30	-0.07	USD/shares	92
2021-01-01 to 2021-09-30	-0.27	USD/shares	273

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 2022-09-30	1,767,005	USD
At 2021-12-31	2,323,163	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
2022-07-01 to 2022-09-30	84,105	USD	92
2022-01-01 to 2022-09-30	353,795	USD	273
2021-07-01 to 2021-09-30	188,490	USD	92
2021-01-01 to 2021-09-30	422,266	USD	273

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
2022-07-01 to 2022-09-30	-6,346,159	USD	92
2022-01-01 to 2022-09-30	-11,292,137	USD	273
2021-07-01 to 2021-09-30	-2,786,886	USD	92
2021-01-01 to 2021-09-30	-7,248,792	USD	273

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 2022-09-30	6,483,980	USD
At 2021-12-31	9,067,506	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
2022-07-01 to 2022-09-30	2,976	USD	92
2022-01-01 to 2022-09-30	11,840	USD	273
2021-07-01 to 2021-09-30	108,315	USD	92
2021-01-01 to 2021-09-30	410,822	USD	273

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 2022-09-30	3,853,868	USD
At 2021-12-31	4,933,861	USD

Goodwill carrying amount

Recognized goodwill remaining after accumulated impairment. It arises from business combinations and does not measure the current value of the company’s brand.

Period	Value	Unit	Days
At 2022-09-30	4,499,796	USD
At 2021-12-31	4,661,796	USD

Net finite-lived intangible assets

Finite-lived intangible assets after amortization. This excludes goodwill and should not be combined with indefinite-lived intangible assets without checking scope.

Period	Value	Unit	Days
At 2022-09-30	1,188,744	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 2022-09-30	3,155,550	USD
At 2021-12-31	1,209,333	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
2022-07-01 to 2022-09-30	10,132,387	USD	92
2022-01-01 to 2022-09-30	24,006,439	USD	273
2021-07-01 to 2021-09-30	6,274,382	USD	92
2021-01-01 to 2021-09-30	17,266,056	USD	273

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 2022-09-30	32,503,349	shares
At 2021-12-31	26,218,167	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 2022-09-30	51,069,182	USD
At 2021-12-31	46,133,777	USD

Total equity including noncontrolling interests

Equity including the portion attributable to noncontrolling interests. It is larger than or equal to parent stockholders equity and is not market capitalization.

Period	Value	Unit
At 2022-09-30	11,554,902	USD
At 2022-06-30	14,094,760	USD
At 2022-03-31	14,972,083	USD
At 2021-12-31	17,953,061	USD
At 2021-09-30	19,524,747	USD
At 2021-06-30	22,378,283	USD
At 2021-03-31	22,832,707	USD
At 2020-12-31	7,813,154	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 2022-09-30	4,047,245	USD
At 2021-12-31	4,948,393	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 2022-09-30	4,492,838	USD

Long-term debt

Long-term borrowings under this concept, which can include the current portion depending on presentation. It is not total liabilities and may exclude leases and other obligations.

Period	Value	Unit	Days
At 2022-09-30	121,766	USD

Gross property, plant and equipment

Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.

Period	Value	Unit	Days
At 2022-09-30	5,007,754	USD
At 2021-12-31	4,937,790	USD

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

Period	Value	Unit	Days
At 2022-09-30	3,286,699	USD
At 2021-12-31	2,990,902	USD

Net intangible assets excluding goodwill

Intangible assets other than goodwill after amortization and impairment. Internally developed intangibles are usually not recognized, so this understates what a company relies on.

Period	Value	Unit	Days
At 2022-09-30	1,432,493	USD
At 2021-12-31	5,797,469	USD

Pre-tax income or loss from continuing operations

Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.

Period	Value	Unit	Days
2022-07-01 to 2022-09-30	-6,333,625	USD	92
2022-01-01 to 2022-09-30	-11,339,849	USD	273
2021-07-01 to 2021-09-30	-2,892,631	USD	92
2021-01-01 to 2021-09-30	-7,660,795	USD	273

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
2022-07-01 to 2022-09-30	1,866,037	USD	92
2022-01-01 to 2022-09-30	5,539,198	USD	273
2021-07-01 to 2021-09-30	1,603,056	USD	92
2021-01-01 to 2021-09-30	4,483,587	USD	273

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
2022-07-01 to 2022-09-30	200,000	USD	92
2022-01-01 to 2022-09-30	674,000	USD	273
2021-07-01 to 2021-09-30	194,000	USD	92
2021-01-01 to 2021-09-30	529,000	USD	273

Depreciation, depletion and amortization

Combined depreciation, depletion and amortization for the period. A noncash allocation of asset cost, not a measure of maintenance spending.

Period	Value	Unit	Days
2022-01-01 to 2022-09-30	1,366,912	USD	273
2021-01-01 to 2021-09-30	1,314,584	USD	273

Amortization of intangible assets

Amortization recognized on finite-lived intangible assets. It follows acquisition accounting and does not indicate the intangibles are losing usefulness at that rate.

Period	Value	Unit	Days
2022-07-01 to 2022-09-30	281,000	USD	92
2022-01-01 to 2022-09-30	693,000	USD	273
2021-07-01 to 2021-09-30	257,000	USD	92
2021-01-01 to 2021-09-30	785,000	USD	273

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
2022-07-01 to 2022-09-30	12,718	USD	92
2022-01-01 to 2022-09-30	-39,986	USD	273
2021-07-01 to 2021-09-30	816	USD	92
2021-01-01 to 2021-09-30	-3,070	USD	273

Nonoperating income or expense

Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.

Period	Value	Unit	Days
2022-07-01 to 2022-09-30	12,534	USD	92
2022-01-01 to 2022-09-30	-47,712	USD	273
2021-07-01 to 2021-09-30	-105,745	USD	92
2021-01-01 to 2021-09-30	-412,003	USD	273

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 2022-09-30	11,840	USD	273
2021-01-01 to 2021-09-30	219,573	USD	273

Proceeds from issuing common stock

Cash received from issuing common stock during the period. It is gross of costs only where the filer reports it so, and it does not include noncash issuances.

Period	Value	Unit	Days
2022-01-01 to 2022-09-30	4,402,732	USD	273
2021-01-01 to 2021-09-30	19,005,323	USD	273

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 2022-09-30	1,946,217	USD	273
2021-01-01 to 2021-09-30	-358,258	USD	273

Inspect the source

Entity: IMAC Holdings, Inc. / CIK 0001729944
Captured: 2026-09-21T17:25:24.106Z
SEC response SHA-256: c3c2b36d96bc843f8727d40e7e1d641290a0948f46fc8953b7506bd5dc77c75f

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import json
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with urlopen("https://canlicapital.com/company-data/0001729944.json") as response:
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print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
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