2019 Q4 Form 10-Q Financial Statement

#000082932319000075 Filed on November 14, 2019

View on sec.gov

Income Statement

Concept 2019 Q4 2019 Q3 2018 Q4
Revenue $18.22M $13.79M $17.02M
YoY Change 7.1% -17.95% -28.39%
Cost Of Revenue $5.390M $4.956M $7.956M
YoY Change -32.24% -20.02% -30.88%
Gross Profit $12.83M $8.834M $9.060M
YoY Change 41.64% -16.74% -26.04%
Gross Profit Margin 70.42% 64.06% 53.25%
Selling, General & Admin $14.15M $2.082M $11.14M
YoY Change 27.04% 11.97% -11.9%
% of Gross Profit 110.24% 23.56% 122.91%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $946.2K $412.7K $809.7K
YoY Change 16.87% -9.76% 2.49%
% of Gross Profit 7.37% 4.67% 8.94%
Operating Expenses $14.15M $11.21M $11.14M
YoY Change 27.04% -6.21% -11.83%
Operating Profit -$1.314M -$2.374M -$2.076M
YoY Change -36.69% 77.12% 446.31%
Interest Expense $29.35K -$143.6K -$123.8K
YoY Change -123.7% -241.98% 12.58%
% of Operating Profit
Other Income/Expense, Net $3.392M $3.306M $0.00
YoY Change
Pretax Income -$1.193M $787.9K -$2.200M
YoY Change -45.77% -154.65% 348.95%
Income Tax -$334.4K $0.00 $8.630K
% Of Pretax Income 0.0%
Net Earnings -$858.6K $787.9K -$2.208M
YoY Change -61.12% -154.65% -320.85%
Net Earnings / Revenue -4.71% 5.71% -12.98%
Basic Earnings Per Share
Diluted Earnings Per Share -$19.59K $15.44K -$68.04K
COMMON SHARES
Basic Shares Outstanding 49.01M shares 46.22M shares 32.44M shares
Diluted Shares Outstanding 51.02M shares

Balance Sheet

Concept 2019 Q4 2019 Q3 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $373.0K $714.1K $229.0K
YoY Change 62.91% -82.96% -94.42%
Cash & Equivalents $373.0K $714.1K $229.0K
Short-Term Investments
Other Short-Term Assets $238.1K $251.2K $259.7K
YoY Change -8.33% -18.24% -35.07%
Inventory
Prepaid Expenses $243.9K $251.2K $259.7K
Receivables $7.530M $6.078M $6.712M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $8.147M $7.043M $7.212M
YoY Change 12.96% -30.34% -52.69%
LONG-TERM ASSETS
Property, Plant & Equipment $1.374M $1.467M $2.124M
YoY Change -35.29% -35.11% -7.92%
Goodwill $9.853M $9.853M $9.853M
YoY Change 0.0% 0.0% 0.0%
Intangibles $10.45M $11.00M $9.442M
YoY Change 10.7% 12.52% -12.64%
Long-Term Investments
YoY Change
Other Assets $20.89K $35.17K $35.17K
YoY Change -40.61% 0.0% -2.5%
Total Long-Term Assets $22.54M $21.89M $19.33M
YoY Change 16.63% 11.29% -6.61%
TOTAL ASSETS
Total Short-Term Assets $8.147M $7.043M $7.212M
Total Long-Term Assets $22.54M $21.89M $19.33M
Total Assets $30.69M $30.40M $28.67M
YoY Change 7.06% -5.12% -25.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.521M $6.535M $9.500M
YoY Change -20.83% -27.56% -30.22%
Accrued Expenses $3.614M $4.256M $2.490M
YoY Change 45.17% 73.23% -13.78%
Deferred Revenue
YoY Change
Short-Term Debt $3.381M $2.678M $2.110M
YoY Change 60.27% -44.5% -56.94%
Long-Term Debt Due $617.6K $1.367M $198.8K
YoY Change 210.7% 568.52%
Total Short-Term Liabilities $15.68M $15.17M $14.10M
YoY Change 11.2% -6.96% -34.12%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $1.081M
YoY Change -100.0% -100.0%
Other Long-Term Liabilities $57.16K $82.91K $193.0K
YoY Change -70.38% -66.96% -54.77%
Total Long-Term Liabilities $559.1K $2.863M $3.533M
YoY Change -84.18% 10.86% 28.07%
TOTAL LIABILITIES
Total Short-Term Liabilities $15.68M $15.17M $14.10M
Total Long-Term Liabilities $559.1K $2.863M $3.533M
Total Liabilities $16.24M $18.03M $17.63M
YoY Change -7.91% -4.52% -27.02%
SHAREHOLDERS EQUITY
Retained Earnings -$129.0M -$130.1M -$124.6M
YoY Change 3.6% 4.7% 3.3%
Common Stock $52.22K $49.34K $32.76K
YoY Change 59.42% 50.36% 12.98%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.397M $1.397M $1.397M
YoY Change 0.0% 0.0% 0.0%
Treasury Stock Shares 376.5K shares 376.5K shares 376.5K shares
Shareholders Equity $14.45M $14.28M $12.95M
YoY Change
Total Liabilities & Shareholders Equity $30.69M $30.40M $28.67M
YoY Change 7.06% -5.12% -25.05%

Cashflow Statement

Concept 2019 Q4 2019 Q3 2018 Q4
OPERATING ACTIVITIES
Net Income -$858.6K $787.9K -$2.208M
YoY Change -61.12% -154.65% -320.85%
Depreciation, Depletion And Amortization $946.2K $412.7K $809.7K
YoY Change 16.87% -9.76% 2.49%
Cash From Operating Activities -$695.9K -$3.933M -$1.816M
YoY Change -61.68% 2832.2% -200.33%
INVESTING ACTIVITIES
Capital Expenditures -$301.1K -$311.3K -$334.7K
YoY Change -10.06% -13.58% -33.05%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities -$301.1K -$311.3K -$334.7K
YoY Change -10.06% -13.58% -31.69%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $4.700M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 655.9K 3.963M -1.811M
YoY Change -136.22% 607.73% 1292.72%
NET CHANGE
Cash From Operating Activities -695.9K -3.933M -1.816M
Cash From Investing Activities -301.1K -311.3K -334.7K
Cash From Financing Activities 655.9K 3.963M -1.811M
Net Change In Cash -341.1K -281.4K -3.961M
YoY Change -91.39% -529.03% -432.88%
FREE CASH FLOW
Cash From Operating Activities -$695.9K -$3.933M -$1.816M
Capital Expenditures -$301.1K -$311.3K -$334.7K
Free Cash Flow -$394.8K -$3.621M -$1.481M
YoY Change -73.35% -1701.96% -164.13%

Facts In Submission

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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1450574 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-445857 USD
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-2964105 USD
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-4592798 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-4642507 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-284122 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
893104 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1300179 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-893104 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1300179 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
4414126 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
2000583 USD
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
0 USD
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-75000 USD
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
1200000 USD
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
0 USD
inuv Proceeds From Financing Receivable Line Of Credit
ProceedsFromFinancingReceivableLineOfCredit
568097 USD
inuv Proceeds From Financing Receivable Line Of Credit
ProceedsFromFinancingReceivableLineOfCredit
0 USD
inuv Payments Of Merger Related Shareholder Settlement Financing Activities
PaymentsOfMergerRelatedShareholderSettlementFinancingActivities
125000 USD
inuv Payments Of Merger Related Shareholder Settlement Financing Activities
PaymentsOfMergerRelatedShareholderSettlementFinancingActivities
0 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
158650 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
151409 USD
inuv Increase Decreasein Prepaid Financing Fees
IncreaseDecreaseinPrepaidFinancingFees
24529 USD
inuv Increase Decreasein Prepaid Financing Fees
IncreaseDecreaseinPrepaidFinancingFees
0 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
65000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
45567 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
77044 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
6020718 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1689889 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
485107 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
105588 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
228956 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4084686 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
714063 USD
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4190274 USD
us-gaap Interest Paid Net
InterestPaidNet
306073 USD
us-gaap Interest Paid Net
InterestPaidNet
287374 USD
inuv Right Of Use Assets Obtained For Lease Liabilities
RightOfUseAssetsObtainedForLeaseLiabilities
1437526 USD
inuv Right Of Use Assets Obtained For Lease Liabilities
RightOfUseAssetsObtainedForLeaseLiabilities
0 USD
inuv Fair Value Of Intangible Assets Acquired
FairValueOfIntangibleAssetsAcquired
2575000 USD
inuv Fair Value Of Intangible Assets Acquired
FairValueOfIntangibleAssetsAcquired
0 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
11033815 USD
CY2019Q1 us-gaap Profit Loss
ProfitLoss
-2462393 USD
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
96871 USD
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
8668293 USD
CY2019Q2 us-gaap Profit Loss
ProfitLoss
-1954993 USD
CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
49822 USD
CY2019Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
9045 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
6754077 USD
CY2019Q3 us-gaap Profit Loss
ProfitLoss
787900 USD
CY2019Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
447937 USD
CY2019Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
36522 USD
CY2019Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
4414126 USD
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
12367518 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
14087342 USD
CY2018Q1 us-gaap Profit Loss
ProfitLoss
-1408024 USD
CY2018Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
377847 USD
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
13057165 USD
CY2018Q2 us-gaap Profit Loss
ProfitLoss
-832697 USD
CY2018Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
289950 USD
CY2018Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
1702 USD
CY2018Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
2063333 USD
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
14576049 USD
CY2018Q3 us-gaap Profit Loss
ProfitLoss
-1441650 USD
CY2018Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
159799 USD
CY2018Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
139795 USD
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
13154403 USD
inuv Number Of Clients Who Collectively Manage Us Digital Advertising Budgets
NumberOfClientsWhoCollectivelyManageUSDigitalAdvertisingBudgets
3 client
inuv Percentage Of All Us Digital Advertising Budgets Managed By Group Of Clients
PercentageOfAllUSDigitalAdvertisingBudgetsManagedByGroupOfClients
0.50
inuv Numberof Machine Profiles
NumberofMachineProfiles
500000000 machine_profile
inuv Intellectual Property Numberof Issued Patents
IntellectualPropertyNumberofIssuedPatents
15 patent
inuv Intellectual Property Numberof Pending Patents
IntellectualPropertyNumberofPendingPatents
8 patent
CY2019Q3 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
0.30
CY2019Q3 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
0.30
CY2019Q3 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
4700000 USD
CY2019Q3 inuv Proceeds From Issuance Of Common Stock Net
ProceedsFromIssuanceOfCommonStockNet
4400000 USD
CY2019Q3 inuv Fair Value Of Intangible Assets Acquired
FairValueOfIntangibleAssetsAcquired
2570000 USD
CY2019Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
40000000 shares
CY2019Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
60000000 shares
inuv Change In Revenues From Prior Period
ChangeInRevenuesFromPriorPeriod
0.23
us-gaap Profit Loss
ProfitLoss
-3600000 USD
inuv Gain Loss On Nonrecurring Business Acquisition Termination Fee And Assets Acquired
GainLossOnNonrecurringBusinessAcquisitionTerminationFeeAndAssetsAcquired
3800000 USD
CY2019Q3 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
460800 USD
inuv Depreciation Amortization And Stock Based Compensation
DepreciationAmortizationAndStockBasedCompensation
2900000 USD
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
1000000 USD
CY2019Q3 us-gaap Line Of Credit Facility Fair Value Of Amount Outstanding
LineOfCreditFacilityFairValueOfAmountOutstanding
1100000 USD
CY2018Q4 inuv Number Of Directors Provided Funding
NumberOfDirectorsProvidedFunding
4 director
CY2019Q1 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
1200000 USD
CY2019Q3 us-gaap Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
4400000 USD
us-gaap Use Of Estimates
UseOfEstimates
<div><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman';font-size:10pt;font-style:italic;font-weight:400;line-height:120%;">Use of estimates</span></div><div><span><br/></span></div><div><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman';font-size:10pt;font-weight:400;line-height:120%;">The preparation of financial statements, in accordance with GAAP, requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, net revenues and expenses and disclosure of contingent assets and liabilities. The estimates and assumptions used in the accompanying consolidated financial statements are based upon management’s regular evaluation of the relevant facts and circumstances as of the date of the consolidated financial statements. We regularly evaluate estimates and assumptions related to allowances for doubtful accounts, accrued sales reserve, goodwill and purchased intangible asset valuations, lives of intangible assets, valuation of long-lived assets, derivative liability and stock compensation. Actual results may differ from the estimates and assumptions used in preparing the accompanying consolidated financial statements, and such differences could be material.</span></div>
CY2019Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
13789754 USD
CY2019Q3 inuv Percentage Of Total Revenue
PercentageOfTotalRevenue
1.000
CY2018Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
16806170 USD
CY2018Q3 inuv Percentage Of Total Revenue
PercentageOfTotalRevenue
1.000
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
43302230 USD
inuv Percentage Of Total Revenue
PercentageOfTotalRevenue
1.000
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
56315006 USD
inuv Percentage Of Total Revenue
PercentageOfTotalRevenue
1.000
CY2019Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
13789754 USD
CY2018Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
16806170 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
43302230 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
56315006 USD
CY2019Q3 inuv Indefinite Lived Intangible Assets Excluding Goodwill Before Accumulated Impairment
IndefiniteLivedIntangibleAssetsExcludingGoodwillBeforeAccumulatedImpairment
17565000 USD
CY2019Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
11747764 USD
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
11383297 USD
CY2019Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
10280654 USD
CY2018Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
9259625 USD
CY2019Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1467110 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2123672 USD
CY2019Q3 us-gaap Depreciation
Depreciation
412660 USD
us-gaap Depreciation
Depreciation
1286086 USD
CY2018Q3 us-gaap Depreciation
Depreciation
457272 USD
us-gaap Depreciation
Depreciation
1343247 USD
CY2019Q3 inuv Intangible Assets Accumulated Amortizationand Impairment Loss
IntangibleAssetsAccumulatedAmortizationandImpairmentLoss
6561197 USD
CY2019Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
11003803 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1012878 USD
CY2019Q3 us-gaap Goodwill Gross
GoodwillGross
9853342 USD
CY2019Q3 us-gaap Goodwill
Goodwill
9853342 USD
inuv Fair Value Of Intangible Assets Acquired
FairValueOfIntangibleAssetsAcquired
2570000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
444918 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1865504 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1865504 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
1071294 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
984500 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
4382083 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
10613803 USD
CY2019Q3 us-gaap Long Term Debt
LongTermDebt
2427950 USD
CY2018Q4 us-gaap Long Term Debt
LongTermDebt
1859853 USD
CY2019Q3 inuv Accrued Search Costs
AccruedSearchCosts
2542023 USD
CY2018Q4 inuv Accrued Search Costs
AccruedSearchCosts
1509843 USD
CY2019Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
935956 USD
CY2018Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
461823 USD
CY2018Q4 us-gaap Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
198769 USD
CY2019Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
424544 USD
CY2019Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
128329 USD
CY2019Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
117923 USD
CY2018Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
200290 USD
CY2019Q3 inuv Accrued Grant Current
AccruedGrantCurrent
50000 USD
CY2018Q4 inuv Accrued Grant Current
AccruedGrantCurrent
55000 USD
CY2019Q3 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
50000 USD
CY2018Q4 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
50000 USD
CY2019Q3 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
7147 USD
CY2018Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
14109 USD
CY2019Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
4255922 USD
CY2018Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
2489834 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
245998 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
2.92
CY2019Q1 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
1200000 USD
CY2019Q3 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
460800 USD
CY2018Q4 us-gaap Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
80969 USD
CY2019Q3 inuv Lease Liability Deferred Rent Noncurrent
LeaseLiabilityDeferredRentNoncurrent
69152 USD
CY2018Q4 us-gaap Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
98276 USD
CY2019Q3 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
13762 USD
CY2018Q4 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
13762 USD
CY2019Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
82914 USD
CY2018Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
2339832 USD
CY2018Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
193007 USD
CY2019Q3 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
2339832 USD
CY2018Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
32663706 USD
CY2019Q3 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
32663706 USD
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Period Increase Decrease
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsPeriodIncreaseDecrease
6800000 shares
CY2019Q3 us-gaap Share Based Compensation
ShareBasedCompensation
447937 USD
us-gaap Share Based Compensation
ShareBasedCompensation
594630 USD
CY2018Q3 us-gaap Share Based Compensation
ShareBasedCompensation
159799 USD
us-gaap Share Based Compensation
ShareBasedCompensation
827595 USD
CY2019Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
409899 USD
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
18248 shares
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
18248 shares
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
662619 shares
CY2019Q3 inuv Sharebased Compensation Arrangementby Sharebased Payment Award Numberof Shares Exercised
SharebasedCompensationArrangementbySharebasedPaymentAwardNumberofSharesExercised
5326718 shares
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
2338266 shares
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
8345851 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
264246 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
2.84
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P2Y8M12D
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
2019 USD
CY2019Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.02
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.74
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P1Y9M18D
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
2019 USD
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
18248 shares
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
1.74
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P1Y9M18D
CY2019Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
2019 USD
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46218413 shares
CY2019Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2019Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4801218 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
51019631 shares
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.74
CY2019Q3 inuv Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstanding
415528 shares
CY2019Q3 inuv Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageExercisePrice
0.33
CY2019Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
864058 USD
CY2019Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
132476 USD
us-gaap Operating Lease Expense
OperatingLeaseExpense
460000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
309000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
151000 USD
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
131104 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
316416 USD
CY2019Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y3M18D
CY2019Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0625
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
121041 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Two
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo
408262 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Three
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree
242558 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Four
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFour
163284 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
935145 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
70040 USD
CY2019Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
865105 USD
inuv Finance Lease Payments
FinanceLeasePayments
223471 USD
CY2019Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P1Y
CY2019Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0625
CY2019Q3 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
49812 USD
CY2019Q3 us-gaap Finance Lease Liability Payments Due In Rolling Year Two
FinanceLeaseLiabilityPaymentsDueInRollingYearTwo
82405 USD
CY2019Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
132217 USD
CY2019Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
3888 USD
CY2019Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
128329 USD
CY2019Q2 inuv Numberof Directorswith Partial Ownershipin Affiliated Entity
NumberofDirectorswithPartialOwnershipinAffiliatedEntity
2 director
CY2019Q3 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
10500 USD
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
31500 USD
inuv Number Of Clients Who Collectively Manage Us Digital Advertising Budgets
NumberOfClientsWhoCollectivelyManageUSDigitalAdvertisingBudgets
3 client
inuv Percentage Of All Us Digital Advertising Budgets Managed By Group Of Clients
PercentageOfAllUSDigitalAdvertisingBudgetsManagedByGroupOfClients
0.50
inuv Numberof Machine Profiles
NumberofMachineProfiles
500000000 machine_profile
inuv Intellectual Property Numberof Issued Patents
IntellectualPropertyNumberofIssuedPatents
15 patent
inuv Intellectual Property Numberof Pending Patents
IntellectualPropertyNumberofPendingPatents
8 patent
CY2019Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
13789754 USD
CY2018Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
16806170 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
43302230 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
56315006 USD
CY2019Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
4955508 USD
CY2018Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
6196057 USD
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
17310496 USD
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
21965955 USD
CY2019Q3 inuv Search Costs
SearchCosts
6940772 USD
CY2018Q3 inuv Search Costs
SearchCosts
8285465 USD
inuv Search Costs
SearchCosts
20013117 USD
inuv Search Costs
SearchCosts
25025922 USD
CY2019Q3 us-gaap Salaries And Wages
SalariesAndWages
2186252 USD
CY2018Q3 us-gaap Salaries And Wages
SalariesAndWages
1806111 USD
us-gaap Salaries And Wages
SalariesAndWages
5730297 USD
us-gaap Salaries And Wages
SalariesAndWages
6749280 USD
CY2019Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
2081547 USD
CY2018Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1859020 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
6672115 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
5968233 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-4642507 USD
us-gaap Profit Loss
ProfitLoss
-3629486 USD
inuv Gain Loss On Merger Termination
GainLossOnMergerTermination
3766667 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2298964 USD
inuv Depreciation Depletionand Amortization Rightof Use Assets
DepreciationDepletionandAmortizationRightofUseAssets
131104 USD
us-gaap Share Based Compensation
ShareBasedCompensation
594630 USD
us-gaap Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
460800 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-572297 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1450574 USD
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-2964105 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-284122 USD
us-gaap Profit Loss
ProfitLoss
-3682371 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2371958 USD
us-gaap Share Based Compensation
ShareBasedCompensation
827595 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-893104 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
6020718 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1689889 USD

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0000829323-19-000075.txt Edgar Link pending
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