Revenue fell to $4.6M; Infinite Group (NASDAQ: IMCI) delays 2025 10-K filing

Rhea-AI Filing Summary

Infinite Group, Inc. notified the SEC it could not file its Annual Report on Form 10-K for the period ended December 31, 2025 by the March 31, 2026 due date. The company attributes the delay to time needed to complete financial statements and for its independent registered public accounting firm to finish its audit.

The filing estimates revenue fell from $6.6 million in 2024 to $4.6 million in 2025 after reduced work from its largest customer, and reports a 2025 net loss of $1,568,000 (2024 net loss: $1,648,000). The company is working to file promptly but warned it may not meet the extension period.

Key Figures

Reporting period: December 31, 2025 Revenue 2024: $6.6 million Revenue 2025: $4.6 million +5 more

8 metrics

Reporting period December 31, 2025 Period ended for the delayed Form 10-K

Revenue 2024 $6.6 million Approximate revenue in 2024 as stated in the notification

Revenue 2025 $4.6 million Approximate revenue in 2025 after reduced work from largest customer

Net operating loss 2024 $900,000 Approximate net operating loss in 2024

Net operating loss 2025 $1.3 million Approximate net operating loss in 2025

Net loss 2025 $1,568,000 Net loss for the year ended December 31, 2025

Net loss 2024 $1,648,000 Net loss for the year ended December 31, 2024

NT 10-K notification date March 31, 2026 Date the Form 12b-25 was signed and filed

Key Terms

Form 12b-25, Annual Report on Form 10-K, independent registered public accounting firm, smaller reporting companies

4 terms

Form 12b-25 regulatory

"FORM 12b-25 | NOTIFICATION OF LATE FILING"

Form 12b-25 is a notice a publicly traded company files with the U.S. Securities and Exchange Commission when it cannot deliver a required periodic report (like a quarterly or annual financial report) on time. It explains the reason for the delay and gives the company a short, temporary window to finish the report without being marked as delinquent; investors watch it because late filings can signal accounting, operational, or control issues that may affect a company’s reliability and stock risk, much like a missed homework deadline can raise concerns about a student’s preparedness.

Annual Report on Form 10-K regulatory

"could not file its Annual Report on Form 10-K for the period ended December 31, 2025"

An annual report on Form 10‑K is a required, comprehensive filing that publicly traded companies give to regulators and investors summarizing their business, results of operations, detailed financial statements reviewed by independent auditors, material risks, legal issues and management’s discussion of performance. Investors use it like a company’s year‑end report card and medical checkup: it reveals how the business made money, where it is vulnerable, and the facts needed to compare value, judge risk and make informed investment decisions.

independent registered public accounting firm financial

"its independent registered public accounting firm requires additional time to complete its audit"

An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.

smaller reporting companies regulatory

"filing date applicable to smaller reporting companies"

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 12b-25

	NOTIFICATION OF LATE FILING		SEC FILE NUMBER
			000-21816
			CUSIP NUMBER
			456910405

(Check one): ☒ Form 10-K ☐ Form 20-F ☐ Form 11-K ☐ Form 10-Q ☐ Form 10-D ☐ Form N-SAR ☐ Form N-CSR

For Period Ended: December 31, 2025

☐ Transition Report on Form 10-K

☐ Transition Report on Form 20-F

☐ Transition Report on Form 11-K

☐ Transition Report on Form 10-Q

☐ Transition Report on Form N-SAR

For the Transition Period Ended:________________________

Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.

If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates: 

PART I - REGISTRANT INFORMATION

Full Name of Registrant

INFINITE GROUP, INC.

Former Name if Applicable

 N/A

Address of Principal Executive Office (Street and Number)

175 Sully’s Trail, Suite 202

City, State and Zip Code

Pittsford, New York 14534

PART II - RULES 12b-25(b) AND (c)

If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)

		(a)	The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
	☒	(b)	The subject  annual report, semi-annual  report, transition report on Form 10-K, Form 20-F, 11-K, Form N-SAR or From N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report of transition report on Form 10-Q  or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and
		(c)	The accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.

PART III - NARRATIVE

State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.

Infinite Group, Inc. (the "Registrant") was unable, without unreasonable effort or expense, to file its Annual Report on Form 10-K for the period ended December 31, 2025 (the "Annual Report") by the March 31, 2026, filing date applicable to smaller reporting companies due to a delay experienced by the Registrant in completing its financial statements and other disclosures in the Annual Report. As a result, the Registrant is still in the process of compiling required information to complete the Annual Report and its independent registered public accounting firm requires additional time to complete its audit of the financial statements for the period ended December 31, 2025, to be incorporated in the Annual Report. The Registrant is endeavoring to file its Annual Report as promptly as possible; however, there can be no assurance that the Registrant will be able to file the Annual Report within the extension period.

PART IV - OTHER INFORMATION

(1)	Name and telephone number of person to contact in regard to this notification
	Richard Glickman		585		385-0610
	(Name)		(Area Code)		(Telephone Number)

(2)	Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed?  If answer is no, identify report(s). ☒  Yes ☐ No
(3)	Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof? ☒  Yes ☐ No
	If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.  Due to the significant reduction of work from the Company’s largest customer (a Federal Government subcontractor) during the second quarter of 2025, the Company estimates that its revenues decreased from approximately $$6.6 million in 2024 to approximately $$4.6 million in 2025. This caused the net operating loss to increase from approximately $900 thousand in 2024 to approximately $1.3 million in 2025. The net loss increased to approximately $1,568,000 for the year ended December 31, 2025, compared to a net loss of approximately $1,648,000 for the year ended December 31, 2024.

2

INFINITE GROUP, INC.

(Name of Registrant as Specified in Charter)

Has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.

Date: March 31, 2026	By:	/s/ Richard Glickman
		Name:	Richard Glickman
		Title:	VP Finance and Chief Accounting Officer

3

FAQ

Why did IMCI file Form 12b-25?

It delayed filing because its financial statements and audit were not complete. The company says it required additional time to compile disclosures and its independent registered public accounting firm needed more time to finish the audit before incorporating financials into the Form 10-K.

How large was the estimated revenue change for IMCI in 2025?

Revenue is estimated to have fallen from $6.6 million to $4.6 million. The decline followed a significant reduction of work from the company’s largest customer, a Federal Government subcontractor, during the second quarter of 2025.

What were IMCI's reported net losses for 2024 and 2025?

Net loss was approximately $1,648,000 in 2024 and $1,568,000 in 2025. The company also reports net operating loss widened from about $900,000 in 2024 to about $1.3 million in 2025 due to lower revenue.

Will IMCI definitely file the Form 10-K within the extension?

The company is attempting to file promptly but gave no guarantee. The notification states the company is endeavoring to file as soon as possible and expressly notes there can be no assurance it will meet the extension period.

Who is the contact for this filing from IMCI?

Richard Glickman, VP Finance and Chief Accounting Officer, is listed as contact. A telephone number is provided on the notification for questions about the late filing.