Identillect Technologies Corp V.ID

Technology Software - Infrastructure

Identillect Technologies Corp. operates through its wholly owned subsidiary, Identillect Technologies Inc. is a software development company that has developed an email encryption software solution. Its activities include research, design, and development of an email encryption solution for use by business and individuals in their day-to-day communication. Its software Delivery Trust is a proprietary email encryption technology targets organizations of all sizes, as well as individuals medical professionals, insurance companies, accountants, lawyers, real estate agents, and educators on a monthly subscription basis. Delivery Trust can be accessed by professionals on a range of electronic communication devices. Delivery Trust integrates multi-factor authentication (MFA) for account login as well as recipient verification. MFA combines two or more independent credentials: what the user knows (password), what the user possesses (token) or what the user is like (biometric verification).

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Identillect Technologies Corp

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Post by PennyTrader10on May 09, 2019 3:49pm

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Post# 29730890

ID - less dependent on debt to grow their business.

Identillect Technologies Corp (OTCPK:IDTLF) Long-Term Debt & Capital Lease Obligation: $0.00 Mil (As of Dec. 2018)

Long-Term Debt is the debt due more than 12 months in the future. Identillect Technologies Corp's long-term debt & capital lease obligation for the quarter that ended in Dec. 2018 was $0.00 Mil.

LT-Debt-to-Total-Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's long-term debt divide by its Total Assets. Identillect Technologies Corp's long-term debt for the quarter that ended in Dec. 2018 was $0.00 Mil. Identillect Technologies Corp's Total Assets for the quarter that ended in Dec. 2018was $0.30 Mil. Identillect Technologies Corp's LT-Debt-to-Total-Asset for the quarter that ended in Dec. 2018 was 0.00.

Identillect Technologies Corp's LT-Debt-to-Total-Asset declined from Jun. 2017 (0.79) to Dec. 2018 (0.00). It may suggest that Identillect Technologies Corp is progressively becoming less dependent on debt to grow their business.