INTELLINETICS, INC.
Business
Intellinetics is a document services and software solutions company serving small-to-medium businesses and governmental sectors with digital transformation and process automation products and services. The company provides cloud-based and on-premise document management software platforms including IntelliCloud payables automation and content management solutions, along with professional services such as installation, integration, and training. Through its Document Services segment, Intellinetics offers digital scanning, business process outsourcing, micrographics conversion, and physical document storage and retrieval services, with significant operations in Michigan and the broader United States.
Summary from 10-K filed 2026-03-30
Financials
Consolidated Statement of Income
| Concept | Trend | 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
| Concept | Trend | 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
| Concept | Trend | 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
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is INTELLINETICS, INC.'s CIK number?
INTELLINETICS, INC.'s SEC CIK number is 0001081745 (1081745). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find INTELLINETICS, INC.'s SEC filings?
All of INTELLINETICS, INC.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did INTELLINETICS, INC. last report earnings?
INTELLINETICS, INC. (INLX) most recently filed an earnings 8-K with the SEC on May 14, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001493152-26-023042). This is INTELLINETICS, INC.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is INTELLINETICS, INC.'s most recent earnings 8-K?
INTELLINETICS, INC.'s latest earnings 8-K (Item 2.02) was filed May 14, 2026 under accession 0001493152-26-023042. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
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