无限集团股份有限公司2025年季度报告

FORM10-Q_________________________________________ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedSeptember 30,2023 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission file number:000-21816 INFINITE GROUP, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction ofincorporation or organization) 14534(Zip Code) 175 Sully’s Trail,Suite 202,Pittsford,New York(Address of principal executive offices) (585)385-0610(Registrant’s telephone number, including area code)_________________________________________ Securities registered pursuant to Section 12(b) of the Act Name of each exchange on whichregisteredN/A Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days. Yes☐No☒ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit and post such files). Yes☐No☒ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large Accelerated filerNon-accelerated filer If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date. Infinite Group, Inc.Quarterly Report on Form 10-QFor the Period Ended September 30, 2023 Table of Contents PART I - FINANCIAL INFORMATIONPAGEItem 1. Financial Statements4Balance Sheets – September 30, 2023 (Unaudited) and December 31, 20224Statements of Operations (Unaudited) for the three and nine months ended September 30, 2023 and 20225Statements of Changes in Stockholders’ Deficiency (Unaudited) for the three and nine months ended September 30,2023 and 20226Statements of Cash Flows (Unaudited) for the nine months ended September 30, 2023 and 20227Notes to Financial Statements – (Unaudited)8Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations18Item 3. Quantitative and Qualitative Disclosures About Market Risk25Item 4. Controls and Procedures25PART II - OTHER INFORMATIONItem 1. Legal Proceedings26Item 1A. Risk Factors26Item 2Unregistered Sales of Equity Securities and Use of Proceeds26Item 3Defaults Upon Senior Securities26Item 6. Exhibits27SIGNATURES28 FORWARD-LOOKING STATEMENTS Certain statements made in this Quarterly Report on Form 10-Q are “forward-looking statements.” All statements other thanstatements of historical facts contained in this report, including among others, our strategy, future operations, future financial position,future revenue, projected costs, prospects, plans, objectives of management and expected market growth and trends are forward-looking statements. Such statements involve known and unknown risks, uncertainties and other factors that may cause our actualresults, performance or achievements to be materially different from any future results, performance or achievements expressed orimplied by such forward-looking statements. The words “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,”“plan,” “could,” “target,” “potential,” “is likely,” “will,” “expect” and similar expressions are intended to identify forward-lookingstatements. The forward-looking statements included herein are based on current expectations that involve numerous risks anduncertainties. Our plans and objectives are based, in part, on assumptions involving the expansion of our business. Assumptionsrelating to the foregoing involve judgments with respect to, among other things, future economic, competitive and market conditionsand future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond our control.Although we believe that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions couldprove inaccura