Intellicheck, Inc.IDN

Intellicheck, Inc. Debt Disclosure

10-KFiled Mar 19, 20261 min read
DEBT
As of December 31, 2025, the Company had no outstanding debt, borrowings, or credit facilities. The Company has not entered into any credit agreements, revolving credit facilities, term loans, or other debt arrangements.
In November 2025, the Company closed the credit facility with Citi Personal Wealth Management that previously allowed for borrowings up to the lesser of (i) $2,000 or (ii) the collateralized balance in the Company’s existing fixed income investment account with Citi Personal Wealth Management subject to certain limitations.
The facility bears interest at a rate consistent with the Citi Personal Wealth Management’s Base Rate minus 2%. Interest is payable monthly and there were no amounts outstanding under this facility and unused availability under this facility was $2,000 as of December 31, 2024. The Company is not subject to any financial covenants related to this revolving line of credit.

Historical Timeline

Fiscal YearFiled
2025Mar 19, 2026Showing above
2024Mar 31, 2025
2023Apr 1, 2024
2022Mar 28, 2023
2021Mar 24, 2022
2020Mar 29, 2021
2019Mar 19, 2020
2018Mar 21, 2019
2017Mar 23, 2018
2016Mar 30, 2017
2015Mar 25, 2016

About Debt Disclosures

Debt disclosures detail a company's borrowing structure — the types of instruments, interest rates, maturity schedule, and covenant restrictions that define its financial obligations and flexibility. This section is essential for assessing refinancing risk, interest rate exposure, and the margin of safety against financial distress.

Key signals: the maturity schedule reveals concentration risk — large maturities within 1-2 years during tight credit markets can force dilutive refinancing or asset sales. Compare the fair value of debt against carrying amount to gauge whether the market views the company's credit risk differently than the balance sheet suggests. Watch covenant compliance disclosures for tightening cushions, especially leverage and interest coverage ratios. Variable-rate debt exposure quantifies sensitivity to interest rate changes. Secured versus unsecured mix affects recovery rates and future borrowing capacity. Compare net debt-to-EBITDA against industry peers and covenant limits to assess financial health.

Other Available Disclosures

Income TaxesPP&EGoodwill & IntangiblesCommitmentsNew StandardsPay vs Performance