IMAC Holdings Inc (BACK)

Healthcare | Medical Care Facilities
Income Statement (Quarterly) 2025-03-31 2024-12-31 2024-09-30 2024-06-30
Revenue 1,500 150,053 56,300 15,750
Cost of Revenue 103,187 111,169 122,077 72,000
Gross Profit -101,687 39,033 -65,777 -56,252
Operating Expenses
R&D Expenses 0 0 0 0
SG&A Expenses 2,087,214 1,705,433 1,930,314 1,345,692
Operating Expenses 2,087,214 1,705,433 1,930,314 1,345,692
Operating Income -2,188,901 -1,816,602 -1,996,091 -1,401,944
Interest Expense 11,466 518,919 106,636 11,953
Income Before Tax -2,200,182 -2,334,499 -2,101,274 -1,413,106
Income Tax Expense 0 -103,374 103,374 0
Net Income -2,199,868 -5,050,556 -2,204,648 -1,383,404
Per Share
EPS -1.08 -3.22 -1.56 -1.17
EPS Diluted 0.00 0.00 0.00 0.00
Income Statement (Annual) 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenue 72,050 5,197,000 16,185,682 14,385,828 12,835,198
Cost of Revenue 305,248 1,348,382 1,508,408 1,628,206 1,623,999
Gross Profit -233,198 3,848,618 14,677,274 12,757,622 11,211,199
Operating Expenses
R&D Expenses 0 0 0 0 0
SG&A Expenses 2,820,541 1,467,104 22,899,148 21,057,329 16,377,226
Operating Expenses 5,084,821 5,027,126 24,525,762 22,706,516 17,683,713
Operating Income -5,623,267 -6,375,508 -9,848,488 -10,098,358 -6,472,514
Interest Expense 677,981 0 14,191 504,103 563,067
Income Before Tax -6,297,778 -6,475,358 -18,312,806 -10,542,247 -5,542,438
Income Tax Expense 0 0 8,431,803 0 0
Net Income -9,045,827 -9,418,585 -26,744,609 -10,542,247 -5,003,733
Per Share
EPS -5.76 -5.82 -28.38 -0.47 -0.45
EPS Diluted 0.00 0.00 0.00 0.00 0.00
Balance Sheet (Quarterly) 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets
Cash and Cash Equivalents 504,189 221,511 763,211 7,118,980
Short Term Investments 0 0 0 0
Net Receivables 28,030 731,067 2,881,239 1,209,333
Inventory 0 0 196,119 0
Total Current Assets 684,341 1,144,119 4,207,927 9,067,506
Property Plant Equipment 904,680 762,000 5,207,792 7,271,556
Goodwill and Intangibles 0 0 1,365,457 10,459,265
Total Assets 1,589,021 1,144,119 11,081,606 27,229,193
Liabilities
Account Payables 2,714,102 584,055 1,702,740 2,523,332
Short Term Debt 0 0 1,439,571 1,751,677
Total Current Liabilities 7,983,000 1,896,766 3,713,832 4,933,861
Long Term Debt 0 0 2,716,518 4,152,896
Total Liabilities 7,983,000 1,896,766 6,430,350 9,276,132
Shareholders Equity
Retained Earnings -64,984,152 -55,938,325 -46,519,740 -28,206,934
Total Shareholders Equity -6,393,980 -752,647 4,651,256 17,953,061
Balance Sheet (Annual) 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Assets
Cash and Cash Equivalents 504,189 221,511 763,211 7,118,980 2,623,952
Short Term Investments 0 0 0 0 0
Net Receivables 28,030 731,067 2,881,239 1,209,333 1,513,683
Inventory 0 0 196,119 0 0
Total Current Assets 684,341 1,144,119 4,207,927 9,067,506 4,757,369
Property Plant Equipment 904,680 762,000 5,207,792 7,271,556 5,593,077
Goodwill and Intangibles 0 0 1,365,457 10,459,265 8,652,247
Total Assets 1,589,021 1,144,119 11,081,606 27,229,193 19,746,006
Liabilities
Account Payables 2,714,102 584,055 1,702,740 2,523,332 1,692,283
Short Term Debt 0 0 1,439,571 1,751,677 3,623,673
Total Current Liabilities 7,983,000 1,896,766 3,713,832 4,933,861 5,950,402
Long Term Debt 0 0 2,716,518 4,152,896 5,513,690
Total Liabilities 7,983,000 1,896,766 6,430,350 9,276,132 11,932,852
Shareholders Equity
Retained Earnings -64,984,152 -55,938,325 -46,519,740 -28,206,934 -15,045,783
Total Shareholders Equity -6,393,980 -752,647 4,651,256 17,953,061 10,432,058
Cash Flow Statement (Quarterly) 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Activities
Net Income -6,297,778 -6,475,358 -18,312,806 -10,542,247
Depreciation & Amortization 139,182 403,593 1,626,614 1,649,187
Stock Based Compensation 35,415 83,031 444,503 570,513
Change in Working Capital 5,069,140 809,874 -2,484,582 326,350
Operating Cash Flow -3,162,090 -2,790,151 -10,294,468 -7,590,962
Investing Activities
Capital Expenditure 0 1 -331,382 -763,446
Investments 0 1 -331,382 -694,376
Investing Cash Flow -375,000 -1,775,300 -259,982 -2,457,496
Financing Activities
Debt Repayment 1,598,276 -37,899 -273,538 -4,461,837
Common Stock Issued/Repurchased 2,221,492 4,061,650 4,472,219 19,005,323
Dividends Paid -1,251,000 -130,000,000 0 0
Financing Cash Flow 3,819,768 4,023,751 4,198,681 14,543,486
Summary
Free Cash Flow -3,162,090 -2,790,150 -10,625,850 -8,354,408
Net Change in Cash 282,678 -541,700 -6,355,769 4,495,028
Cash Flow Statement (Annual) 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Activities
Net Income -6,297,778 -6,475,358 -18,312,806 -10,542,247 -5,542,438
Depreciation & Amortization 139,182 403,593 1,626,614 1,649,187 1,722,465
Stock Based Compensation 35,415 83,031 444,503 570,513 392,050
Change in Working Capital 5,069,140 809,874 -2,484,582 326,350 -1,315,542
Operating Cash Flow -3,162,090 -2,790,151 -10,294,468 -7,590,962 -5,993,386
Investing Activities
Capital Expenditure 0 1 -331,382 -763,446 -369,737
Investments 0 1 -331,382 -694,376 -125,987
Investing Cash Flow -375,000 -1,775,300 -259,982 -2,457,496 -569,737
Financing Activities
Debt Repayment 1,598,276 -37,899 -273,538 -4,461,837 -1,602,489
Common Stock Issued/Repurchased 2,221,492 4,061,650 4,472,219 19,005,323 5,181,855
Dividends Paid -1,251,000 -130,000,000 0 0 0
Financing Cash Flow 3,819,768 4,023,751 4,198,681 14,543,486 8,813,386
Summary
Free Cash Flow -3,162,090 -2,790,150 -10,625,850 -8,354,408 -6,363,123
Net Change in Cash 282,678 -541,700 -6,355,769 4,495,028 2,250,263