IMAC Holdings Inc (BACK)

Name: IMAC Holdings Inc Financial Statements
Creator: Quarter Results

Healthcare | Medical Care Facilities

Latest reporting period: 2025-03-31

Latest Quarter

2025-03-31

Revenue

$1.5K

Net Income

-$2.2M

Operating Margin

-145,926.7%

Free Cash Flow

-$3.2M

Debt / Assets

502.4%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for IMAC Holdings Inc (BACK).
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 history for IMAC Holdings Inc (BACK).
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	5,390,069	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	-7.76	-5.82	-28.38	-0.47	-0.45
EPS Diluted	0.00	0.00	0.00	0.00	0.00

Balance sheet quarterly history for IMAC Holdings Inc (BACK).
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 history for IMAC Holdings Inc (BACK).
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 quarterly history for IMAC Holdings Inc (BACK).
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 annual history for IMAC Holdings Inc (BACK).
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