INTELLINETICS, INC.

Listed Company

INLXCIK 0001081745NYSENon-AcceleratedSmaller ReportingServices-Prepackaged SoftwareNevadaFY ends Dec 31

Period

FY 2025

Revenue

$16.58M

Net Income

$-1.87M

Total Assets

$17.31M

Equity

$11.38M

Shares Out

4.47M

Op. Cash Flow

$933.9K

Business

INTELLINETICS, INC. provides document services and software solutions that support digital transformation and process automation for small-to-medium businesses and government entities. It offers cloud and premise content management and process automation platforms, including IntelliCloud™ Payables Automation, IntelliCloud™ content management, and YellowFolder™, along with professional services, scanning, micrographics, storage, and BPO services. The company operates through two reporting segments: Document Management and Document Conversion. It serves U.S. customers with concentrated government sales (notably Michigan) and distributes solutions directly and via resellers and channel partners.

Summary from filing dated 2025-03-24

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenues	17	18	17	14	11
Total cost of revenues	6	7	6	5	5
Gross profit	11	11	11	9	7
General and administrative	9	8	6	5	4
Sales and marketing	3	2	2	2	1
Depreciation and amortization	1	1	974,527	722,197	413,932
Total operating expenses	13	12	9	8	6
Loss from operations	−2	−173,505	1	827,321	964,988
Interest income (expense), net	−84,326	−372,710	−588,203	−803,294	−452,120
Net loss	−2	−546,215	519,266	24,027	1
Basic net loss per share:	−0.44	−0.13	0.13	0.01	0.48
Diluted net loss per share:	−0.44	−0.13	0.11	0.01	0.44
Weighted average number of common shares outstanding - basic	4	4	4	4	3
Weighted average number of common shares outstanding - diluted	4	4	5	4	3

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash	3	2	—	—	—
Accounts receivable, net	1	1	2	1	1
Accounts receivable, unbilled	909,574	1	1	596,410	444,782
Parts and supplies, net	173,295	100,561	110,272	73,221	76,691
Prepaid expenses and other current assets	378,305	476,731	367,478	325,466	155,550
Total current assets	5	5	5	5	4
Property and equipment, net	1	1	924,257	1	1
Right of use assets, operating	1	2	3	3	4
Right of use assets, finance	164,998	237,741	219,777	154,282	—
Intangible assets, net	3	3	4	4	968,496
Goodwill	6	6	6	6	2
Other assets	727,808	685,076	645,764	417,457	53,089
Total assets	17	19	19	20	12
Accounts payable	284,680	310,623	194,454	370,300	181,521
Accrued compensation	410,368	493,700	337,884	411,683	343,576
Accrued expenses	199,995	172,421	164,103	114,902	161,862
Lease liabilities, operating - current	721,879	842,468	712,607	692,074	616,070
Lease liabilities, finance - current	67,935	69,261	49,926	22,493	—
Deferred revenues	3	3	3	3	1
Total current liabilities	5	7	4	6	4
Lease liabilities, operating - net of current portion	749,346	1	2	3	3
Lease liabilities, finance - net of current portion	116,090	184,024	175,943	133,131	—
Total long-term liabilities	865,436	1	5	5	6
Total liabilities	6	8	9	11	9
Common stock, $0.001 par value, 25,000,000 shares authorized; 4,479,123 and 4,249,735 shares issued and outstanding at December 31, 2025 and 2024, respectively	4,479	4,250	4,114	4,074	2,823
Additional paid-in capital	35	32	31	30	24
Accumulated deficit	−24	−22	−21	−22	−22
Total stockholders equity	11	11	10	9	3
Total liabilities and stockholders equity	17	19	19	20	12

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Bad debt expense (recovery)	81,087	−9,117	77,211	42,129	−11,187
Loss on disposal of fixed assets	29,622	547	—	—	—
Amortization of deferred financing costs	42,052	152,604	177,164	216,381	103,739
Amortization of right of use assets, financing	72,743	71,326	42,115	6,708	—
Share-based compensation	1	1	464,529	—	—
Accounts receivable	−209,385	747,988	−806,503	81,227	−372,492
Accounts receivable, unbilled	386,950	24,313	−724,427	−151,628	—
Parts and supplies	−72,734	9,711	−37,051	3,470	−5,907
Prepaid expenses and other current assets	98,426	30,912	−101,799	−176,596	−93,745
Accounts payable and accrued expenses	−81,701	280,303	−200,444	173,480	141,562
Operating lease assets and liabilities, net	−32,587	−13,643	6,158	25,351	−618,986
Deferred revenues	−40,589	484,044	173,744	486,885	198,518
Total adjustments	3	4	265,393	2	32,015
Net cash provided by operating activities	933,871	4	784,659	2	1
Capitalization of internal use software	−469,602	−388,570	−436,837	−376,345	−38,305
Purchases of property and equipment	−354,378	−439,203	−111,240	−200,980	−552,180
Net cash used in investing activities	−823,980	−827,773	−548,077	−7	−590,485
Proceeds from issuance of common stock	2	—	—	6	—
Offering costs paid on issuance of common stock	−175,781	—	—	−746,342	—
Principal payments on financing lease liability	−69,260	−61,874	−34,954	−5,366	—
Payments to taxing authorities in connection with shares directly withheld from employees	−283,399	−69,525	—	—	—
Exercise of stock warrants	−12	—	—	—	—
Repayment of notes payable	−807,331	−1	−980,450	−1	—
Repayment of notes payable - related parties	−532,169	−317,831	—	—	—
Net cash (used in) financing activities	−70,846	−2	−2	6	−954,733
Net increase in cash	39,045	1	−1	943,851	−155,252
Cash paid during the period for interest	74,425	258,646	418,790	496,805	242,545
Cash paid during the period for income taxes	28,027	20,259	21,667	12,888	4,595
Right-of-use asset obtained in exchange for operating lease liability	311,368	—	—	—	2
Right-of-use asset obtained in exchange for finance lease liability	—	89,289	107,610	160,990	—

Filings

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