10-Q Filing

INUVO, INC. CIK: 829323 Q1 2011

Filing Information

Form Type	10-Q
Accession Number	`0001354488-11-001344`
Period End Date	20110331
Filing Date	20110504
Fiscal Year	2011
Fiscal Period	Q1
XBRL Instance	inu-20110331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 83 Income Statement 50 Cash Flow Statement 60

Balance Sheet 83 line items

Line Item	Tag	Value	Unit	Period
Allowance for Doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$338.99K	USD	Point-in-time
Cash	`Cash`	$1.81M	USD	Point-in-time
Cash	`Cash`	$118.56K	USD	Point-in-time
Allowance for Doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$450.63K	USD	Point-in-time
Preferred Stock par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred Stock par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$140.49K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$480.97K	USD	Point-in-time
Preferred stock shares authorized	`PreferredStockSharesAuthorized`	500,000.00	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $338,993 and $450,634 respectively	`AccountsReceivableNetCurrent`	$4.84M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $338,993 and $450,634 respectively	`AccountsReceivableNetCurrent`	$4.50M	USD	Point-in-time
Preferred stock shares authorized	`PreferredStockSharesAuthorized`	500,000.00	shares	Point-in-time
Unbilled revenue	`UnbilledContractsReceivable`	$46.37K	USD	Point-in-time
Preferred stock shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Unbilled revenue	`UnbilledContractsReceivable`	$59.88K	USD	Point-in-time
Preferred stock shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseCurrent`	$390.09K	USD	Point-in-time
Preferred stock shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseCurrent`	$463.96K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Current assets of discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$50.00K	USD	Point-in-time
Current assets of discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$50.00K	USD	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	20.00M	shares	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	20.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$5.33M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$7.62M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.38M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.75M	USD	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	9.11M	shares	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	9.11M	shares	Point-in-time
Common stock shares Outstanding	`CommonStockSharesOutstanding`	8.56M	shares	Point-in-time
Common stock shares Outstanding	`CommonStockSharesOutstanding`	8.56M	shares	Point-in-time
Goodwill	`Goodwill`	$3.35M	USD	Point-in-time
Goodwill	`Goodwill`	$3.35M	USD	Point-in-time
Treasury Stock	`TreasuryStockShares`	551,696.00	shares	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$2.51M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$2.70M	USD	Point-in-time
Treasury Stock	`TreasuryStockShares`	551,696.00	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$68.97K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$79.32K	USD	Point-in-time
Other assets of discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperationNoncurrent`	-	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$6.12M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$5.94M	USD	Point-in-time
Total assets	`Assets`	$16.12M	USD	Point-in-time
Total assets	`Assets`	$14.03M	USD	Point-in-time
Term and credit note payable current portion	`LongTermDebtCurrent`	$1.85M	USD	Point-in-time
Term and credit note payable current portion	`LongTermDebtCurrent`	$994.74K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.80M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.48M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$19.92K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$4.78K	USD	Point-in-time
Deferred Compensation	`DeferredCompensationLiabilityCurrent`	-	USD	Point-in-time
Deferred Compensation	`DeferredCompensationLiabilityCurrent`	$372.10K	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$2.14M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$1.60M	USD	Point-in-time
Current liabilities of discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$355.60K	USD	Point-in-time
Current liabilities of discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$712.02K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.66M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.67M	USD	Point-in-time
Term and credit notes payable long term	`LongTermDebtNoncurrent`	$3.23M	USD	Point-in-time
Term and credit notes payable long term	`LongTermDebtNoncurrent`	-	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$356.51K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$334.47K	USD	Point-in-time
Long-term liabilities of discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent`	-	USD	Point-in-time
Long-term liabilities of discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent`	$100.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$10.02M	USD	Point-in-time
Total Liabilities	`Liabilities`	$13.33M	USD	Point-in-time
Preferred stock, $.001 par value, Authorized 500,000 none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.001 par value, Authorized 500,000 none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common Stock, $0.001 par value, Authorized shares 20,000,000, issued shares 9,110,486, Outstanding shares 8,558,790	`CommonStockValue`	$9.11K	USD	Point-in-time
Common Stock, $0.001 par value, Authorized shares 20,000,000, issued shares 9,110,486, Outstanding shares 8,558,790	`CommonStockValue`	$9.11K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$111.77M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$111.94M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-105.67M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-107.06M	USD	Point-in-time
Treasury stock, at cost 551,696 shares	`TreasuryStockValue`	$-2.10M	USD	Point-in-time
Treasury stock, at cost 551,696 shares	`TreasuryStockValue`	$-2.10M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.79M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$4.01M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$16.12M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$14.03M	USD	Point-in-time

Income Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net revenue	`SalesRevenueNet`	$11.79M	USD	1 Quarter
Net revenue	`SalesRevenueNet`	$9.34M	USD	1 Quarter
Affiliate expenses	`AffiliateExpenses`	$5.74M	USD	1 Quarter
Affiliate expenses	`AffiliateExpenses`	$5.15M	USD	1 Quarter
Data Acquitision	`DataAcquisition`	$571.73K	USD	1 Quarter
Data Acquitision	`DataAcquisition`	$594.28K	USD	1 Quarter
Merchant processing fees and product costs	`FeesAndCommissionsCreditCards`	$36.83K	USD	1 Quarter
Merchant processing fees and product costs	`FeesAndCommissionsCreditCards`	$57.97K	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$5.78M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$6.37M	USD	1 Quarter
Gross profit	`GrossProfit`	$5.42M	USD	1 Quarter
Gross profit	`GrossProfit`	$3.56M	USD	1 Quarter
Search costs	`SearchCosts`	$493.17K	USD	1 Quarter
Search costs	`SearchCosts`	$2.49M	USD	1 Quarter
Compensation and telemarketing	`SalariesAndWages`	$2.83M	USD	1 Quarter
Compensation and telemarketing	`SalariesAndWages`	$2.67M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.44M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.04M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$5.37M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$6.60M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-1.81M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-1.18M	USD	1 Quarter
Loss on Litigation settlement	`GainLossRelatedToLitigationSettlement`	-	USD	1 Quarter
Loss on Litigation settlement	`GainLossRelatedToLitigationSettlement`	$-374.80K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$638.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$2.49K	USD	1 Quarter
Interest expense	`InterestExpense`	$-99.16K	USD	1 Quarter
Interest expense	`InterestExpense`	$-160.89K	USD	1 Quarter
Other expenses, net	`NonoperatingIncomeExpense`	$-160.26K	USD	1 Quarter
Other expenses, net	`NonoperatingIncomeExpense`	$-471.47K	USD	1 Quarter
Loss from continuing operations before taxes on income	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.97M	USD	1 Quarter
Loss from continuing operations before taxes on income	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.65M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$-87.00	USD	1 Quarter
Net loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-1.97M	USD	1 Quarter
Net loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-1.65M	USD	1 Quarter
Income from discontinued operations net of tax expense of $0	`IncomeLossFromDiscontinuedOperationsNetOfTax`	-	USD	1 Quarter
Income from discontinued operations net of tax expense of $0	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$935.12K	USD	1 Quarter
Gain from litigation settlement in discontinued operations net of tax	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodBeforeIncomeTax`	-	USD	1 Quarter
Gain from litigation settlement in discontinued operations net of tax	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodBeforeIncomeTax`	$257.14K	USD	1 Quarter
Net loss	`ProfitLoss`	$-1.03M	USD	1 Quarter
Net loss	`ProfitLoss`	$-1.39M	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.19	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.23	USD	1 Quarter
Loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$0.03	USD	1 Quarter
Loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$0.11	USD	1 Quarter
Net loss	`EarningsPerShareBasic`	$-0.12	USD	1 Quarter
Net loss	`EarningsPerShareBasic`	$-0.16	USD	1 Quarter
Weighted average shares (basic and diluted)	`WeightedAverageNumberOfSharesOutstandingBasic`	8.56M	shares	1 Quarter
Weighted average shares (basic and diluted)	`WeightedAverageNumberOfSharesOutstandingBasic`	8.44M	shares	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-1.03M	USD	1 Quarter
Net loss	`ProfitLoss`	$-1.39M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.14M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.35M	USD	1 Quarter
Gain on Litigation Settlement - discontinued operations	`OtherNoncashIncome`	-	USD	1 Quarter
Gain on Litigation Settlement - discontinued operations	`OtherNoncashIncome`	$-256.42K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$81.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	-	USD	1 Quarter
Cost of litigation settlement	`LitigationSettlementExpense`	-	USD	1 Quarter
Cost of litigation settlement	`LitigationSettlementExpense`	$249.80K	USD	1 Quarter
Deferred compensation and restricted stock	`RestrictedStockExpense`	-	USD	1 Quarter
Deferred compensation and restricted stock	`RestrictedStockExpense`	$372.10K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$175.44K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$95.58K	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$-35.02K	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$134.52K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-336.04K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$73.42K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidExpense`	$14.23K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidExpense`	$97.74K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$529.15K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$319.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-15.14K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-23.33K	USD	1 Quarter
Other accrued expenses and current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-181.43K	USD	1 Quarter
Other accrued expenses and current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$321.59K	USD	1 Quarter
Net cash provided by operating activities from continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$872.75K	USD	1 Quarter
Net cash provided by operating activities from continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$813.47K	USD	1 Quarter
Net cash (used in) provided by operating activities from discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	-	USD	1 Quarter
Net cash (used in) provided by operating activities from discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$-578.12K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$813.47K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$294.63K	USD	1 Quarter
Purchasing of equipment and software	`PaymentsToAcquireProductiveAssets`	$-307.10K	USD	1 Quarter
Purchasing of equipment and software	`PaymentsToAcquireProductiveAssets`	$-47.79K	USD	1 Quarter
Purchase of names database and exclusivity rights	`PaymentsToAcquireIntangibleAssets`	$-917.23K	USD	1 Quarter
Purchase of names database and exclusivity rights	`PaymentsToAcquireIntangibleAssets`	$-608.86K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-915.96K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-965.02K	USD	1 Quarter
Prinicipal payments made on term note payable	`RepaymentsOfLongTermCapitalLeaseObligations`	$-956.00K	USD	1 Quarter
Prinicipal payments made on term note payable	`RepaymentsOfLongTermCapitalLeaseObligations`	$-49.62K	USD	1 Quarter
Advances from credit note	`ProceedsFromNotesPayable`	$7.85M	USD	1 Quarter
Advances from credit note	`ProceedsFromNotesPayable`	$6.30M	USD	1 Quarter
Payments on credit note	`RepaymentsOfNotesPayable`	$-9.30M	USD	1 Quarter
Payments on credit note	`RepaymentsOfNotesPayable`	$-4.41M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.85M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.41M	USD	1 Quarter
Net (decrease) increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.03M	USD	1 Quarter
Net (decrease) increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.69M	USD	1 Quarter
Cash, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$1.81M	USD	Point-in-time
Cash, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$1.81M	USD	Point-in-time
Cash, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$118.56K	USD	Point-in-time
Cash, end of year	`CashAndCashEquivalentsAtCarryingValue`	$1.81M	USD	Point-in-time
Cash, end of year	`CashAndCashEquivalentsAtCarryingValue`	$1.81M	USD	Point-in-time
Cash, end of year	`CashAndCashEquivalentsAtCarryingValue`	$118.56K	USD	Point-in-time
Interest paid	`InterestPaid`	$140.95K	USD	1 Quarter
Interest paid	`InterestPaid`	$185.21K	USD	1 Quarter
Equipment under capital leases	`CapitalLeaseObligationsIncurred`	-	USD	1 Quarter
Equipment under capital leases	`CapitalLeaseObligationsIncurred`	$19.24K	USD	1 Quarter
Restricted Advances on term note payable	`NotesAssumed`	$475.00K	USD	1 Quarter
Restricted Advances on term note payable	`NotesAssumed`	-	USD	1 Quarter

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