IMCI · INFINITE GROUP INC · Financials
Substantial doubt about the company's ability to continue as a going concern.
“As a result, management has concluded that there is substantial doubt about the Company's ability to continue as a going concern for a period of at least twelve months from the date these financial statements are issued.”View the 10-Q filed Feb 23, 2026
One customer — 56% of revenue (the nine months ended September 30, 2025)
“During the three and nine months ended September 30, 2025, one customer accounted for approximately 36% and 56% of total revenue, respectively (68% and 67%, respectively, for the three and nine months ended September 30, 2024).”
One customer — 36% of revenue (the three months ended September 30, 2025)
“During the three and nine months ended September 30, 2025, one customer accounted for approximately 36% and 56% of total revenue, respectively (68% and 67%, respectively, for the three and nine months ended September 30, 2024).”
One customer — 68% of revenue (the three months ended September 30, 2024)
“During the three and nine months ended September 30, 2025, one customer accounted for approximately 36% and 56% of total revenue, respectively (68% and 67%, respectively, for the three and nine months ended September 30, 2024).”
One customer — 67% of revenue (the nine months ended September 30, 2024)
“During the three and nine months ended September 30, 2025, one customer accounted for approximately 36% and 56% of total revenue, respectively (68% and 67%, respectively, for the three and nine months ended September 30, 2024).”
One customer — 25% of receivables (September 30, 2025)
“As of September 30, 2025, this same customer represented approximately 25% of the Company’s accounts receivable balance (47% at December 31, 2024).”
One customer — 47% of receivables (December 31, 2024)
“As of September 30, 2025, this same customer represented approximately 25% of the Company’s accounts receivable balance (47% at December 31, 2024).”
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Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.
Chart any reported metric, KPI or segment over time — the full statement history lives here
| Line Item | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $5.56M | $6.56M | $6.95M | $7M | $7.22M | $7.22M | $7.09M | $6.37M | $6.39M | $7.1M | $7.95M | $8.57M | $8.71M | $8.73M | $9.16M | $9.4M | |
| — | — | — | — | — | $786 | $0 | — | — | — | — | — | — | — | — | — | |
| — | — | — | — | $84.2K | $346.33K | — | — | — | — | — | — | — | — | — | — | |
| — | — | — | $109 | $37 | — | — | — | — | — | — | — | — | — | — | — | |
| $3.11M | $3.77M | $3.92M | $4.26M | $4.49M | $4.18M | $4.42M | $4.16M | $4.44M | $5.01M | — | — | — | — | — | — | |
| $2.45M | $2.79M | $3.04M | $2.74M | $2.73M | $3.04M | $2.67M | $2.21M | $1.95M | $2.09M | $1.95M | $2.18M | $2.33M | $2.35M | $2.56M | $2.48M | |
| — | 42.52% | 43.68% | 39.14% | 37.86% | 42.14% | 37.66% | 34.72% | 30.46% | 29.45% | 24.55% | 25.46% | 26.73% | 26.94% | 27.95% | 26.38% | |
| — | — | — | — | — | $159.7K | $58K | $182K | — | — | — | — | — | — | — | — | |
| $1.76M | $1.87M | $2.21M | $2.49M | $2.16M | $1.7M | $1.33M | $1.08M | $1.15M | $1.22M | $1.52M | $1.3M | $1.02M | $1.12M | $897.29K | $1.2M | |
| $218.2K | $219.94K | $233.92K | $240.92K | $186.38K | $97.87K | $29.65K | $24.18K | $142.21K | $91.62K | $68.9K | $26.49K | $21.07K | — | — | — | |
| $3.54M | $3.69M | $4.94M | $5.08M | $4.14M | $3.04M | $2.34M | $2M | $2.34M | $2.16M | $2.41M | $2.23M | $1.89M | $1.76M | $2.25M | $3.33M | |
| -$1.08M | -$896.05K | -$1.9M | -$2.34M | -$1.41M | $1291 | $329.14K | $209.69K | -$397.94K | -$74.83K | -$455.34K | -$51.67K | $440.63K | $591.85K | $311.19K | -$846.43K | |
| — | -13.65% | -27.38% | -33.41% | -19.48% | 0.02% | 4.64% | 3.29% | -6.23% | -1.05% | -5.73% | -0.6% | 5.06% | 6.78% | 3.4% | -9.01% | |
| -$866.65K | -$676.11K | -$1.67M | -$2.1M | -$1.22M | $99.17K | $358.79K | $233.88K | -$255.73K | $16.79K | -$386.44K | -$25.18K | $461.7K | — | — | — | |
| — | $879.68K | $1.78M | $1.16M | $281.79K | $293.09K | $14.25K | $255.94K | $247.06K | $250.17K | $246.74K | $278.33K | $309.13K | $320.66K | $291.61K | $271.41K | |
| — | — | — | — | $37 | $786 | — | — | — | — | — | — | — | — | — | — | |
| — | — | $49.75K | -$1.22M | — | $674.71K | -$281.16K | — | — | — | — | — | — | — | — | — | |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | $21.37K | -$1.12M | |
| — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1230 | |
| -$1.74M | -$1.65M | -$1.85M | -$3.56M | -$1.57M | $676K | $47.98K | $37K | -$75K | -$325K | -$811.08K | -$498K | $108.5K | $271.2K | $19.58K | -$1.12M | |
| — | -25.11% | -26.67% | -50.86% | -21.72% | 9.36% | 0.68% | 0.58% | -1.17% | -4.58% | -10.21% | -5.81% | 1.25% | 3.11% | 0.21% | -11.91% | |
| — | — | — | — | — | — | — | — | — | — | — | — | $108.5K | $271.2K | $19.58K | — | |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | $2.98M | -$1.28M | |
| USD/shares | — | — | — | — | — | — | — | — | — | — | -$2.25 | -$1.50 | $0.00 | $0.75 | $0.00 | — |
| USD/shares | -$3.34 | -$3.16 | -$3.70 | -$7.95 | — | — | — | — | — | — | -$2.25 | -$1.50 | $0.00 | $0.75 | $0.00 | — |
| shares | — | 521.18K | 501.45K | 447.87K | 401.64K | 387.49K | 387.49K | 387.49K | 387.49K | 378.11K | 354.16K | 346.84K | 346.16K | 346.16K | 351.44K | 346.48K |
| shares | — | 521.18K | 501.45K | 447.87K | 401.64K | 579.33K | 397.49K | 387.49K | 387.49K | 378.11K | 354.16K | 346.84K | 618.14K | 634.17K | 387.87K | 346.48K |
Capital Returned to Shareholders
Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2011–FY2012: $75K in buybacks.
Debt Profile
Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.
Read debt and covenant terms in your AI or your code through MCP and the API →Reported debt balances
Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.
| Reported balance | As of | Amount | Source |
|---|---|---|---|
| Current operating lease liabilities | 2025-09-30 | USD 48,651 | 10-Q filed 2026-02-23 |
| Current portion of long-term debt | 2025-09-30 | USD 840,386 | 10-Q filed 2026-02-23 |
| Noncurrent operating lease liabilities | 2025-09-30 | USD 156,695 | 10-Q filed 2026-02-23 |
| Notes payable, including current maturities | 2025-09-30 | USD 1,627,213 | 10-Q filed 2026-02-23 |
Related accounting measures — not additional borrowingCarrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year.
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Covenants
Covenant terms have not yet been verified for this profile.
The balance figures do not establish whether covenants apply or whether the company complies with them.
Loans, facilities and notes
The instrument breakdown is not yet verified. Read the debt note in the linked report for borrowing terms and maturity conditions.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
Valuation over time computed as of each quarter's filing date
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Product & Service (USD)
| Component | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|
| Cybersecurity Projects | $921,458 | $1,269,469 | $1,409,113 | — | — | — |
| Cybersecurity Projects and Software | — | — | $2,561,168 | $2,780,175 | $2,285,876 | $1,569,972 |
| Managed Support Services | — | — | — | — | $4,669,570 | $4,986,217 |
| Other IT Consulting Services | — | — | $0 | $119,000 | $264,000 | $538,090 |
| Management Service Base | — | — | $4,442,236 | $4,325,067 | — | — |