IMAC Holdings Files Q3 2024 10-Q
Ticker: BACK · Form: 10-Q · Filed: Jan 17, 2025 · CIK: 1729944
Sentiment: neutral
Topics: 10-Q, financials, healthcare
TL;DR
IMAC Holdings Q3 2024 10-Q filed. Check financials.
AI Summary
IMAC Holdings, Inc. filed a 10-Q for the period ending September 30, 2024. The filing covers the third quarter of 2024, with financial data also presented for the nine months ended September 30, 2024, and comparative periods in 2023. The company is based in Franklin, TN, and operates in specialty outpatient facilities.
Why It Matters
This filing provides investors with the latest financial performance and operational details for IMAC Holdings, Inc. during the third quarter of 2024, crucial for understanding the company's current health and future prospects.
Risk Assessment
Risk Level: medium — As a 10-Q filing, it contains detailed financial information that could reveal significant positive or negative trends, impacting investment decisions.
Key Numbers
- Q3 2024 — Reporting Period (The filing covers the third quarter of 2024.)
- Nine months ended September 30, 2024 — Year-to-Date Period (Financials for the first nine months of 2024 are detailed.)
Key Players & Entities
- IMAC Holdings, Inc. (company) — Filer of the 10-Q
- 20240930 (date) — End of the reporting period
- 20250117 (date) — Filing date
- FRANKLIN, TN (location) — Company's business and mailing address
FAQ
What is the reporting period for this 10-Q filing?
The Conformed Period of Report is 20240930, indicating the filing covers the period ending September 30, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on 20250117.
What is the primary business of IMAC Holdings, Inc.?
IMAC Holdings, Inc. is categorized under SERVICES-SPECIALTY OUTPATIENT FACILITIES, NEC [8093].
Where is IMAC Holdings, Inc. located?
The company's business and mailing address is 3401 MALLORY LANE, SUITE 100, FRANKLIN, TN 37067.
What fiscal year end does IMAC Holdings, Inc. have?
IMAC Holdings, Inc.'s fiscal year ends on 1231.
Filing Stats: 4,540 words · 18 min read · ~15 pages · Grade level 15.2 · Accepted 2025-01-17 16:05:31
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 per share BACK NASDAQ Capital Mark
Filing Documents
- form10-q.htm (10-Q) — 627KB
- ex3-1.htm (EX-3.1) — 2737KB
- ex31-1.htm (EX-31.1) — 19KB
- ex31-2.htm (EX-31.2) — 19KB
- ex32-1.htm (EX-32.1) — 9KB
- ex32-2.htm (EX-32.2) — 9KB
- 0001493152-25-002759.txt ( ) — 6789KB
- back-20240930.xsd (EX-101.SCH) — 31KB
- back-20240930_cal.xml (EX-101.CAL) — 51KB
- back-20240930_def.xml (EX-101.DEF) — 104KB
- back-20240930_lab.xml (EX-101.LAB) — 263KB
- back-20240930_pre.xml (EX-101.PRE) — 195KB
- form10-q_htm.xml (XML) — 389KB
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION 4
Financial Statements (Unaudited)
Item 1. Financial Statements (Unaudited) 4
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 15
Quantitative and Qualitative Disclosures about Market Risk
Item 3. Quantitative and Qualitative Disclosures about Market Risk 20
Controls and Procedures
Item 4. Controls and Procedures 20
OTHER INFORMATION
PART II. OTHER INFORMATION 21
Legal Proceedings
Item 1. Legal Proceedings 21
Risk Factors
Item 1A. Risk Factors 21
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 21
Defaults Upon Senior Securities
Item 3. Defaults Upon Senior Securities 21
Mine Safety Disclosures
Item 4. Mine Safety Disclosures 21
Other Information
Item 5. Other Information 21
Exhibits
Item 6. Exhibits 21 2 Important Information Regarding Forward-Looking Statements Portions of this Quarterly Report on Form 10-Q (including information incorporated by reference) include "forward-looking statements" based on our current beliefs, expectations, and projections regarding our business strategies, market potential, future financial performance, industry, and other matters. This includes, in particular, "Item 2 — Management's Discussion and Analysis of Financial Condition and Results of Operations" of this Quarterly Report on Form 10-Q, as well as other portions of this Quarterly Report on Form 10-Q. The words "believe," "expect," "anticipate," "project," "could," "would," and similar expressions, among others, generally identify "forward-looking statements," which speak only as of the date the statements were made. The matters discussed in these forward-looking statements are subject to risks, uncertainties, and other factors that could cause our actual results to differ materially from those projected, anticipated, or implied in the forward-looking in our Annual Report on Form 10-K/A for the fiscal year ended December 31, 2023 filed with the U.S. Securities and Exchange Commission on May 2, 2024. Except to the limited extent required by applicable law, we undertake no obligation to update or revise any forward-looking 3 PART I. FINANCIAL INFORMATION ITEM 1. FINANCIAL IMAC HOLDINGS, INC. CONDENSED CONSOLIDATED BALANCE SHEETS September 30, 2024 December 31, 2023 ASSETS Current assets: Cash $ 195,511 $ 221,511 Accounts receivable, net 41,700 - Prepaid expenses and other current assets 273,527 94,711 Note receivable, net - 731,067 Assets of discontinued operations - 96,830 Total curr