10-Q Filing

INUVO, INC. CIK: 829323 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0000829323-15-000027`
Period End Date	20150331
Filing Date	20150429
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	inuv-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 40 Cash Flow Statement 56

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Allowance for Doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$86.64K	USD	Point-in-time
Allowance for Doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$86.72K	USD	Point-in-time
Cash	`Cash`	$3.71M	USD	Point-in-time
Cash	`Cash`	$1.92M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $86,642 and $86,722, respectively	`AccountsReceivableNetCurrent`	$7.40M	USD	Point-in-time
Preferred stock par value (usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $86,642 and $86,722, respectively	`AccountsReceivableNetCurrent`	$5.11M	USD	Point-in-time
Preferred stock par value (usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Unbilled revenue	`UnbilledContractsReceivable`	$23.54K	USD	Point-in-time
Unbilled revenue	`UnbilledContractsReceivable`	$19.63K	USD	Point-in-time
Preferred stock shares authorized (in shares)	`PreferredStockSharesAuthorized`	500,000.00	shares	Point-in-time
Preferred stock shares authorized (in shares)	`PreferredStockSharesAuthorized`	500,000.00	shares	Point-in-time
Preferred stock shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseCurrent`	$232.73K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseCurrent`	$299.87K	USD	Point-in-time
Preferred stock shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$9.14M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$9.57M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$959.48K	USD	Point-in-time
Common stock, par value (usd per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$999.27K	USD	Point-in-time
Common stock, par value (usd per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock shares authorized (in shares)	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Common stock shares authorized (in shares)	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Goodwill	`Goodwill`	$5.76M	USD	Point-in-time
Goodwill	`Goodwill`	$5.76M	USD	Point-in-time
Common stock shares issued (in shares)	`CommonStockSharesIssued`	24.62M	shares	Point-in-time
Common stock shares issued (in shares)	`CommonStockSharesIssued`	24.09M	shares	Point-in-time
Intangible assets, net of accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$9.53M	USD	Point-in-time
Common stock shares Outstanding (in shares)	`CommonStockSharesOutstanding`	24.25M	shares	Point-in-time
Common stock shares Outstanding (in shares)	`CommonStockSharesOutstanding`	23.71M	shares	Point-in-time
Intangible assets, net of accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$9.33M	USD	Point-in-time
Treasury stock (in shares)	`TreasuryStockShares`	376,527.00	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$211.83K	USD	Point-in-time
Treasury stock (in shares)	`TreasuryStockShares`	376,527.00	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$200.03K	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$15.50M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$15.29M	USD	Point-in-time
Total assets	`Assets`	$25.61M	USD	Point-in-time
Total assets	`Assets`	$25.87M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.71M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$3.05M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$3.70M	USD	Point-in-time
Term and credit notes payable - current portion	`LongTermDebtCurrent`	$959.94K	USD	Point-in-time
Term and credit notes payable - current portion	`LongTermDebtCurrent`	$959.94K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$11.01M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.38M	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilities`	$3.55M	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilities`	$3.55M	USD	Point-in-time
Term and credit notes payable - long term	`LongTermDebtNoncurrent`	$2.50M	USD	Point-in-time
Term and credit notes payable - long term	`LongTermDebtNoncurrent`	$2.67M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$98.71K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$735.21K	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$6.15M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$6.95M	USD	Point-in-time
Preferred stock, $.001 par value: Authorized shares 500,000, none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.001 par value: Authorized shares 500,000, none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.001 par value: Authorized shares 40,000,000; issued shares 24,621,832 and 24,087,627, respectively; outstanding shares 24,245,305 and 23,711,100, respectively	`CommonStockValue`	$24.09K	USD	Point-in-time
Common stock, $.001 par value: Authorized shares 40,000,000; issued shares 24,621,832 and 24,087,627, respectively; outstanding shares 24,245,305 and 23,711,100, respectively	`CommonStockValue`	$24.62K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$128.73M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$128.54M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-118.46M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-119.09M	USD	Point-in-time
Treasury stock, at cost - 376,527 shares	`TreasuryStockValue`	$1.40M	USD	Point-in-time
Treasury stock, at cost - 376,527 shares	`TreasuryStockValue`	$1.40M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$8.27M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$8.70M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$25.87M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$25.61M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net revenue	`SalesRevenueNet`	$13.42M	USD	1 Quarter
Net revenue	`SalesRevenueNet`	$10.12M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$6.07M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$3.68M	USD	1 Quarter
Gross profit	`GrossProfit`	$6.44M	USD	1 Quarter
Gross profit	`GrossProfit`	$7.35M	USD	1 Quarter
Marketing costs	`SearchCosts`	$3.66M	USD	1 Quarter
Marketing costs	`SearchCosts`	$4.92M	USD	1 Quarter
Compensation	`SalariesAndWages`	$1.19M	USD	1 Quarter
Compensation	`SalariesAndWages`	$1.10M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$987.77K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.01M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$7.10M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$5.77M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$670.75K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$250.76K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$97.80K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$51.16K	USD	1 Quarter
Income from continuing operations before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$199.60K	USD	1 Quarter
Income from continuing operations before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$572.95K	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-75.70K	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-406.45K	USD	1 Quarter
Net income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$648.65K	USD	1 Quarter
Net income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$606.05K	USD	1 Quarter
Net income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$26.11K	USD	1 Quarter
Net income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$20.26K	USD	1 Quarter
Net income	`ProfitLoss`	$626.31K	USD	1 Quarter
Net income	`ProfitLoss`	$674.76K	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$626.31K	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$674.76K	USD	1 Quarter
Net income (loss) from continuing operations (in usd per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.03	USD	1 Quarter
Net income (loss) from continuing operations (in usd per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.03	USD	1 Quarter
Net income from discontinued operations (in usd per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	1 Quarter
Net income from discontinued operations (in usd per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	1 Quarter
Net income (in usd per share)	`EarningsPerShareBasic`	$0.03	USD	1 Quarter
Net income (in usd per share)	`EarningsPerShareBasic`	$0.03	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	24.09M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	23.44M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	24.24M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	23.48M	shares	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$626.31K	USD	1 Quarter
Net income	`ProfitLoss`	$674.76K	USD	1 Quarter
Settlement of tax liability	`PaymentsforTaxLiabilitySettlement`	$406.45K	USD	1 Quarter
Settlement of tax liability	`PaymentsforTaxLiabilitySettlement`	-	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$370.88K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$454.47K	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	-	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$75.70K	USD	1 Quarter
Amortization of financing fees	`AmortizationOfFinancingCosts`	$9.53K	USD	1 Quarter
Amortization of financing fees	`AmortizationOfFinancingCosts`	$4.17K	USD	1 Quarter
Adjustment of European liabilities related to discontinued operations	`LiabilitiesAdjustmentDiscontinuedOperations`	$20.46K	USD	1 Quarter
Adjustment of European liabilities related to discontinued operations	`LiabilitiesAdjustmentDiscontinuedOperations`	$-30.87K	USD	1 Quarter
(Recovery) Provision of doubtful accounts	`ProvisionRecoveryforDoubtfulAccounts`	$-80.00	USD	1 Quarter
(Recovery) Provision of doubtful accounts	`ProvisionRecoveryforDoubtfulAccounts`	$17.00K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$51.92K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$130.45K	USD	1 Quarter
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$-96.29K	USD	1 Quarter
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$-251.08K	USD	1 Quarter
Accounts receivable and unbilled revenue	`IncreaseDecreaseInAccountsReceivable`	$327.79K	USD	1 Quarter
Accounts receivable and unbilled revenue	`IncreaseDecreaseInAccountsReceivable`	$2.29M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidExpense`	$-57.61K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidExpense`	$-98.94K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-541.99K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$1.31M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$11.17K	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-837.93K	USD	1 Quarter
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-11.80K	USD	1 Quarter
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	-	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.37M	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$380.07K	USD	1 Quarter
Purchases of equipment and capitalized development costs	`PaymentsToAcquireProductiveAssets`	$239.43K	USD	1 Quarter
Purchases of equipment and capitalized development costs	`PaymentsToAcquireProductiveAssets`	$178.42K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-178.42K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-239.43K	USD	1 Quarter
Proceeds from revolving line of credit	`AdvancesFromCreditNotePayable`	-	USD	1 Quarter
Proceeds from revolving line of credit	`AdvancesFromCreditNotePayable`	$750.00K	USD	1 Quarter
Payments on revolving line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$-761.47K	USD	1 Quarter
Payments on revolving line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	-	USD	1 Quarter
Payments on term note payable and capital leases	`PaymentsonTermNotePayableandCapitalLeases`	$183.72K	USD	1 Quarter
Payments on term note payable and capital leases	`PaymentsonTermNotePayableandCapitalLeases`	$604.35K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-615.82K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-183.72K	USD	1 Quarter
Net change cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.79M	USD	1 Quarter
Net change cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-414.17K	USD	1 Quarter
Cash, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$2.72M	USD	Point-in-time
Cash, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$3.71M	USD	Point-in-time
Cash, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$1.92M	USD	Point-in-time
Cash, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$3.14M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.72M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.71M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.92M	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.14M	USD	Point-in-time
Interest paid	`InterestPaid`	$74.67K	USD	1 Quarter
Interest paid	`InterestPaid`	$37.08K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$97.48K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.