2012 Q3 Form 10-K Financial Statement

#000144530513000597 Filed on March 13, 2013

View on sec.gov

Income Statement

Concept 2012 Q3 2012 2011 Q4
Revenue $15.48M $53.36M $6.610M
YoY Change 88.8% 48.98% -52.79%
Cost Of Revenue $6.745M $25.64M $4.730M
YoY Change 45.37% 23.06% -39.82%
Gross Profit $8.736M $27.73M $1.880M
YoY Change 144.72% 84.99% -69.38%
Gross Profit Margin 56.43% 51.96% 28.44%
Selling, General & Admin $2.394M $9.366M $3.550M
YoY Change -50.13% 68.23% -48.02%
% of Gross Profit 27.4% 33.78% 188.83%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $694.1K $7.322M $1.010M
YoY Change -33.26% 73.76% -21.71%
% of Gross Profit 7.95% 26.41% 53.72%
Operating Expenses $9.860M $34.26M $3.550M
YoY Change 105.42% 65.61% -47.95%
Operating Profit -$1.124M -$6.528M -$1.670M
YoY Change -8.64% 14.61% 145.59%
Interest Expense $127.4K $563.2K -$70.00K
YoY Change -354.76% 70.21% -41.67%
% of Operating Profit
Other Income/Expense, Net -$202.4K -$638.2K
YoY Change -81.92%
Pretax Income -$1.326M -$7.166M -$4.380M
YoY Change -3.2% -22.32% 265.0%
Income Tax $8.690K -$326.8K $10.00K
% Of Pretax Income
Net Earnings -$1.321M -$7.023M -$4.380M
YoY Change -3.6% -21.76% 544.12%
Net Earnings / Revenue -8.53% -13.16% -66.26%
Basic Earnings Per Share -$0.34
Diluted Earnings Per Share -$56.17K -$334.3K
COMMON SHARES
Basic Shares Outstanding 23.50M shares 21.00M shares 10.04M shares
Diluted Shares Outstanding 23.50M shares 21.00M shares

Balance Sheet

Concept 2012 Q3 2012 2011 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.200M $3.400M $0.00
YoY Change 166.67% -100.0%
Cash & Equivalents $4.413K
Short-Term Investments
Other Short-Term Assets $1.700M $1.100M $1.800M
YoY Change 112.5% -38.89% 157.14%
Inventory
Prepaid Expenses $433.6K
Receivables $6.600M $5.500M $5.427M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $11.50M $9.900M $7.338M
YoY Change 134.69% 35.62% 38.44%
LONG-TERM ASSETS
Property, Plant & Equipment $2.700M $2.100M $1.590M
YoY Change 42.11% 31.25% -41.11%
Goodwill $1.777M
YoY Change
Intangibles $390.0K
YoY Change
Long-Term Investments
YoY Change
Other Assets $200.0K $200.0K $2.243K
YoY Change -97.76%
Total Long-Term Assets $20.20M $19.20M $2.169M
YoY Change 155.7% 405.26% -75.07%
TOTAL ASSETS
Total Short-Term Assets $11.50M $9.900M $7.338M
Total Long-Term Assets $20.20M $19.20M $2.169M
Total Assets $31.70M $29.10M $11.10M
YoY Change 147.66% 162.16% -20.74%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.700M $10.20M $6.199M
YoY Change 136.59% 64.52% 12.71%
Accrued Expenses $3.300M $1.800M $1.612M
YoY Change 175.0% 20.0% 7.46%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.400M $1.400M $452.0K
YoY Change 75.0% 180.0% -77.4%
Total Short-Term Liabilities $14.60M $13.40M $9.352M
YoY Change 105.63% 42.55% -3.59%
LONG-TERM LIABILITIES
Long-Term Debt $6.600M $6.500M $2.454M
YoY Change 186.96% 160.0% 2354.3%
Other Long-Term Liabilities $900.0K $900.0K $300.1K
YoY Change 200.0% 200.0% 0.04%
Total Long-Term Liabilities $7.500M $7.400M $2.754M
YoY Change 188.46% 164.29% 588.61%
TOTAL LIABILITIES
Total Short-Term Liabilities $14.60M $13.40M $9.352M
Total Long-Term Liabilities $7.500M $7.400M $2.754M
Total Liabilities $26.60M $24.90M $12.11M
YoY Change 174.23% 105.79% 21.07%
SHAREHOLDERS EQUITY
Retained Earnings -$114.6M
YoY Change
Common Stock $10.42K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.470M
YoY Change
Treasury Stock Shares 386.8K shares
Shareholders Equity $5.100M $4.200M -$1.010M
YoY Change
Total Liabilities & Shareholders Equity $31.70M $29.10M $11.10M
YoY Change 147.66% 162.16% -20.74%

Cashflow Statement

Concept 2012 Q3 2012 2011 Q4
OPERATING ACTIVITIES
Net Income -$1.321M -$7.023M -$4.380M
YoY Change -3.6% -21.76% 544.12%
Depreciation, Depletion And Amortization $694.1K $7.322M $1.010M
YoY Change -33.26% 73.76% -21.71%
Cash From Operating Activities $670.0K $990.7K -$600.0K
YoY Change 103.03% -629.37% -141.1%
INVESTING ACTIVITIES
Capital Expenditures -$920.0K -$3.960M -$460.0K
YoY Change 17.95% 30.69% -56.19%
Acquisitions
YoY Change
Other Investing Activities $50.00K $2.430M $0.00
YoY Change -100.0%
Cash From Investing Activities -$860.0K -$1.527M -$460.0K
YoY Change 10.26% -49.58% -406.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 110.0K $3.913M -110.0K
YoY Change -136.67% 26.13% -96.5%
NET CHANGE
Cash From Operating Activities 670.0K $990.7K -600.0K
Cash From Investing Activities -860.0K -$1.527M -460.0K
Cash From Financing Activities 110.0K $3.913M -110.0K
Net Change In Cash -80.00K $3.376M -1.170M
YoY Change -89.33% -3057.73% -23.53%
FREE CASH FLOW
Cash From Operating Activities $670.0K $990.7K -$600.0K
Capital Expenditures -$920.0K -$3.960M -$460.0K
Free Cash Flow $1.590M $4.951M -$140.0K
YoY Change 43.24% 74.14% -105.58%

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CY2012Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
794004 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
794004 USD
CY2011Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
8250000 USD
CY2011Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
390000 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
11076995 USD
CY2012 us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
0 USD
CY2011 us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
-193133 USD
CY2012Q4 us-gaap Goodwill
Goodwill
5760808 USD
CY2011Q4 us-gaap Goodwill
Goodwill
1776544 USD
CY2011 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
2600000 USD
CY2012Q1 us-gaap Goodwill Fair Value Disclosure
GoodwillFairValueDisclosure
3984264 USD
CY2011Q4 us-gaap Goodwill Gross
GoodwillGross
3893405 USD
CY2012Q4 us-gaap Goodwill Gross
GoodwillGross
5760808 USD
CY2011Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
2116861 USD
CY2012Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
0 USD
CY2012 us-gaap Gross Profit
GrossProfit
27727435 USD
CY2011 us-gaap Gross Profit
GrossProfit
14988237 USD
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-7166097 USD
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-9225631 USD
CY2012 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-6839318 USD
CY2011 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-9233507 USD
CY2012 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.33
CY2011 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.99
CY2011 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
257136 USD
CY2012 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-183527 USD
CY2012 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.01
CY2011 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.03
CY2012 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-326779 USD
CY2011 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7876 USD
CY2012 us-gaap Income Tax Expense Benefit Continuing Operations
IncomeTaxExpenseBenefitContinuingOperations
-444000 USD
CY2011 us-gaap Income Tax Expense Benefit Continuing Operations
IncomeTaxExpenseBenefitContinuingOperations
0 USD
CY2011 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
7876 USD
CY2012 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 USD
CY2011 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
62581 USD
CY2012 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-2638071 USD
CY2011 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
719125 USD
CY2012 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
244396 USD
CY2012 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1811832 USD
CY2011 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1010829 USD
CY2012 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
444000 USD
CY2011 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
0 USD
CY2012 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-592143 USD
CY2011 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-38580 USD
CY2012Q1 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill Fair Value Disclosure
IndefiniteLivedIntangibleAssetsExcludingGoodwillFairValueDisclosure
11857537 USD
CY2011 us-gaap Interest Paid
InterestPaid
236783 USD
CY2012Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
11138330 USD
CY2011Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
390000 USD
CY2011 us-gaap Interest Expense
InterestExpense
330880 USD
CY2012 us-gaap Interest Expense
InterestExpense
563198 USD
CY2012 us-gaap Interest Paid
InterestPaid
312247 USD
CY2012Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
29129603 USD
CY2011Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
11096341 USD
CY2011Q4 us-gaap Liabilities Current
LiabilitiesCurrent
9352180 USD
CY2012Q4 us-gaap Liabilities Current
LiabilitiesCurrent
13402985 USD
CY2012Q1 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
3753613 USD
CY2012Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
11520266 USD
CY2011Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
2754427 USD
CY2012Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
0 USD
CY2011Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
160000 USD
CY2012 us-gaap Litigation Settlement Expense
LitigationSettlementExpense
75000 USD
CY2011 us-gaap Litigation Settlement Expense
LitigationSettlementExpense
374800 USD
CY2011Q4 us-gaap Long Term Debt
LongTermDebt
2906303 USD
CY2012Q4 us-gaap Long Term Debt
LongTermDebt
7822222 USD
CY2012Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
1333333 USD
CY2011Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
452000 USD
CY2012Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
6488889 USD
CY2011Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2454303 USD
CY2012 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3912855 USD
CY2011 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3102138 USD
CY2011 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3029143 USD
CY2012 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1527342 USD
CY2012 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
990674 USD
CY2011 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-187143 USD
CY2011 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
199281 USD
CY2012 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
1150674 USD
CY2012 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-638198 USD
CY2011 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-3529780 USD
CY2011 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 operating_segment
CY2012 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 operating_segment
CY2012 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2012 us-gaap Operating Expenses
OperatingExpenses
34255334 USD
CY2011 us-gaap Operating Expenses
OperatingExpenses
20684088 USD
CY2012 us-gaap Operating Income Loss
OperatingIncomeLoss
-6527899 USD
CY2011 us-gaap Operating Income Loss
OperatingIncomeLoss
-5695851 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
1067871 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due Future Minimum Sublease Rentals
OperatingLeasesFutureMinimumPaymentsDueFutureMinimumSubleaseRentals
193200 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
0 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
45749 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
547967 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
537501 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
2199088 USD
CY2012 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
1181000 USD
CY2011 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
824000 USD
CY2012Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
27200000 USD
CY2012Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1012638 USD
CY2011Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1419604 USD
CY2012Q1 us-gaap Other Assets Current
OtherAssetsCurrent
520342 USD
CY2012Q1 us-gaap Other Assets Fair Value Disclosure
OtherAssetsFairValueDisclosure
283911 USD
CY2012Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
182387 USD
CY2011Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
2243 USD
CY2011Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
300124 USD
CY2012Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
932377 USD
CY2012Q4 us-gaap Other Tax Carryforward Gross Amount
OtherTaxCarryforwardGrossAmount
2500000 USD
CY2012 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
100000 USD
CY2011 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
130025 USD
CY2011Q2 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
256000 USD
CY2012 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
3065569 USD
CY2011 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
2567029 USD
CY2012 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
894415 USD
CY2011 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
462114 USD
CY2012Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2011Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2012Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
500000 shares
CY2011Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
500000 shares
CY2011Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2012Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2012Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2011Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2012Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2011Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2012Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
467957 USD
CY2011Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
433601 USD
CY2012 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Reclassifications</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain reclassifications have been made in the 2011 financial statements to conform to the classifications used in 2012. These reclassifications had no effect on total consolidated stockholders' (deficit) or net loss.</font></div></div>
CY2011 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
2635796 USD
CY2012 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2011Q2 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
2700000 USD
CY2012 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-5140045 USD
CY2011 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-6248453 USD
CY2011 us-gaap Profit Loss
ProfitLoss
-8976371 USD
CY2012 us-gaap Profit Loss
ProfitLoss
-7022845 USD
CY2012Q1 us-gaap Property Plant And Equipment Fair Value Disclosure
PropertyPlantAndEquipmentFairValueDisclosure
2059729 USD
CY2012Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
11261906 USD
CY2011Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
8212846 USD
CY2012Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2110771 USD
CY2011Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1590011 USD
CY2011 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
83020 USD
CY2012 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
299565 USD
CY2011Q2 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
1000000 USD
CY2012Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
301000 USD
CY2011Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
476000 USD
CY2011Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
475586 USD
CY2012Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
301158 USD
CY2011Q3 us-gaap Restructuring And Related Cost Number Of Positions Eliminated
RestructuringAndRelatedCostNumberOfPositionsEliminated
16 employee
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-121670882 USD
CY2011Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-114648037 USD
CY2012 us-gaap Salaries And Wages
SalariesAndWages
6816013 USD
CY2011 us-gaap Salaries And Wages
SalariesAndWages
7670869 USD
CY2011 us-gaap Sales Revenue Net
SalesRevenueNet
35819996 USD
CY2012 us-gaap Sales Revenue Net
SalesRevenueNet
53362945 USD
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
3.09
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
340000 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
49500 shares
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
2.83
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.49
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0 USD
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1179199 shares
CY2010Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1223159 shares
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1358717 shares
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
2.81
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
2.66
CY2012 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
9249678 USD
CY2011 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
5567103 USD
CY2012 us-gaap Share Based Compensation
ShareBasedCompensation
842752 USD
CY2011 us-gaap Share Based Compensation
ShareBasedCompensation
1530487 USD
CY2012Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
0.56
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
1.742
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
1.634
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0196
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0030
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
4385945 shares
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
1904033 shares
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
629043 shares
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
896101 shares
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
2.79
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
3.03
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
204442 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
229018 shares
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
6.61
CY2010Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
3.74
CY2011 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.00
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.00
CY2011 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
2.83
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0.56
CY2012Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
1179199 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P3Y1M24D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y10M24D
CY2012Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
0 USD
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y10M24D
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y1M6D
CY2012Q4 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
2.66
CY2012 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P7Y1M17D
CY2012 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
CY2011 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
CY2012 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
11130983 USD
CY2012 us-gaap Stock Issued During Period Value Employee Benefit Plan
StockIssuedDuringPeriodValueEmployeeBenefitPlan
915750 USD
CY2011 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
2635796 USD
CY2011 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
0 USD
CY2012 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 USD
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
4206352 USD
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
-1010266 USD
CY2010Q4 us-gaap Stockholders Equity
StockholdersEquity
4007657 USD
CY2012Q3 us-gaap Stockholders Equity
StockholdersEquity
5100000 USD
CY2011 inuv Merchant Processing Fees And Product Costs
MerchantProcessingFeesAndProductCosts
175027 USD
CY2012 inuv Merchant Processing Fees And Product Costs
MerchantProcessingFeesAndProductCosts
672011 USD
CY2011 inuv Net Cash Received From Merger With Vertro Inc Net Of Merger Costs
NetCashReceivedFromMergerWithVertroIncNetOfMergerCosts
0 USD
CY2012 inuv Amortization Of Intangible Assets Relating To Current Assets
AmortizationOfIntangibleAssetsRelatingToCurrentAssets
4031710 USD
CY2011 us-gaap Treasury Stock Retired Cost Method Amount
TreasuryStockRetiredCostMethodAmount
0 USD
CY2012 us-gaap Treasury Stock Retired Cost Method Amount
TreasuryStockRetiredCostMethodAmount
0 USD
CY2011Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
386827 shares
CY2012Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
376527 shares
CY2011 us-gaap Treasury Stock Shares Retired
TreasuryStockSharesRetired
164869 shares
CY2012 us-gaap Treasury Stock Shares Retired
TreasuryStockSharesRetired
21270 shares
CY2011Q4 us-gaap Treasury Stock Value
TreasuryStockValue
1469604 USD
CY2012Q4 us-gaap Treasury Stock Value
TreasuryStockValue
1396559 USD
CY2011Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
49196 USD
CY2012Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
58219 USD
CY2012 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Use of estimates</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of our consolidated financial statements in accordance with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the consolidated financial statements and the reported amounts of net revenue and expenses in the reporting period. We regularly evaluate estimates and assumptions related to allowances for doubtful accounts, useful lives of property and equipment, goodwill and purchased intangible asset valuations and useful lives, deferred income tax asset valuation allowances, stock compensation, and valuation of stock options and warrants.&#160;In addition, we used significant assumptions in our valuation of the assets and liabilities acquired with the acquisition of Vertro. We base our estimates and assumptions on current facts, historical experience and on various other factors that we believe to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. The actual results experienced by us may differ materially and adversely from management&#8217;s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.</font></div></div>
CY2012 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
3600000 USD
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21004235 shares
CY2011 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9364038 shares
CY2012 inuv A14 Merger With Vertro Inc
A14MergerWithVertroInc
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Note 15 - Merger with Vertro, Inc.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Effective March 1, 2012, we merged with Vertro.&#160;&#160;Pursuant to the terms and conditions of the merger agreement, Vertro became a wholly owned subsidiary of Inuvo and&#160;we issued to the Vertro stockholders </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">12,393,308</font><font style="font-family:inherit;font-size:10pt;"> shares of our common stock for all the outstanding shares of Vertro common stock. Upon closing of the merger, all the shares of Vertro common stock, which traded under the symbol &#8220;VTRO,&#8221; were delisted from the NASDAQ Capital Market and ceased trading.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table summarizes the net assets received and liabilities assumed in the merger with Vertro. Adjustments to the original purchase price allocation include a revision of shares of common stock issued related to the merger and the finalization of the fair value of accrued expenses. &#160;</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="4" rowspan="1"></td></tr><tr><td width="86%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="12%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total consideration paid in common stock</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11,130,983</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Fair value of assets acquired:</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Accounts receivable, net</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,093,845</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other current assets</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(520,342</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Property and equipment</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,059,729</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other assets</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(283,911</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Goodwill</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(3,984,264</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Intangible assets</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(11,857,537</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Fair value of liabilities assumed:</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Accounts payable</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,753,613</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Outstanding balance on credit facility</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,000,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Accrued expenses</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,782,361</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Deferred tax liability</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,543,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other long-term liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">709,991</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Cash received in merger</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,120,320</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Stock issuance costs</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(687,678</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Net cash received in merger</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,432,642</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Unaudited Pro Forma Results of Operations </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As a result of the merger with Vertro, effective March 1, 2012 the consolidated operating results for the year ended December 31, 2012 and 2011, were revenue of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$57,147,743</font><font style="font-family:inherit;font-size:10pt;">and&#160;</font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$64,094,339</font><font style="font-family:inherit;font-size:10pt;">, respectively; net (loss) income of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">($9,673,000)</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$788,367</font><font style="font-family:inherit;font-size:10pt;">, respectively; and basic and diluted (loss) earnings per share of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">($0.46)</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$0.05</font><font style="font-family:inherit;font-size:10pt;">, respectively. The pro forma results do not include any anticipated synergies which may occur subsequent to the acquisition date. Accordingly, such pro forma amounts are not necessarily indicative of the results that actually would have occurred had the acquisition been completed on the dates indicated, nor are they indicative of our future combined operating results.</font></div></div>
CY2012 inuv Accounts Receivable Period To Classify As Delinquent
AccountsReceivablePeriodToClassifyAsDelinquent
P120D
CY2012Q1 inuv Accrued Expenses
AccruedExpenses
2782361 USD
CY2011Q4 inuv Accrued Search Costs
AccruedSearchCosts
109706 USD
CY2012Q4 inuv Accrued Search Costs
AccruedSearchCosts
247583 USD
CY2011Q4 inuv Accumulated Other Comprehensive Income
AccumulatedOtherComprehensiveIncome
0 USD
CY2012Q4 inuv Accumulated Other Comprehensive Income
AccumulatedOtherComprehensiveIncome
418 USD
CY2011 inuv Accumulatedothercomprehensiveincome
Accumulatedothercomprehensiveincome
0 USD
CY2012 inuv Accumulatedothercomprehensiveincome
Accumulatedothercomprehensiveincome
418 USD
CY2012 inuv Advances From Credit Note Payable
AdvancesFromCreditNotePayable
5308742 USD
CY2011 inuv Advances From Credit Note Payable
AdvancesFromCreditNotePayable
7304756 USD
CY2012 inuv Affiliate Expenses
AffiliateExpenses
20680931 USD
CY2011 inuv Affiliate Expenses
AffiliateExpenses
18130731 USD
CY2012 inuv Allowance For Doubtful Accounts Receivable Acquired During Period
AllowanceForDoubtfulAccountsReceivableAcquiredDuringPeriod
8833 USD
CY2011 inuv Allowance For Doubtful Accounts Receivable Acquired During Period
AllowanceForDoubtfulAccountsReceivableAcquiredDuringPeriod
0 USD
CY2011 inuv Loss On Write Off Of Note Receivable
LossOnWriteOffOfNoteReceivable
2824100 USD
CY2012 inuv Amortization Of Intangible Assets Relating To Long Term Assets
AmortizationOfIntangibleAssetsRelatingToLongTermAssets
761670 USD
CY2011 inuv Business Acquisition Pro Forma Earnings Per Share Basic And Diluted
BusinessAcquisitionProFormaEarningsPerShareBasicAndDiluted
0.05
CY2012 inuv Business Acquisition Pro Forma Earnings Per Share Basic And Diluted
BusinessAcquisitionProFormaEarningsPerShareBasicAndDiluted
-0.46
CY2012Q1 inuv Cash Received In Merger
CashReceivedInMerger
3120320 USD
CY2011Q2 inuv Class Of Warrant Or Right Exercise Period
ClassOfWarrantOrRightExercisePeriod
P5Y
CY2012 inuv Class Of Warrant Or Right Weighted Average Contractual Term
ClassOfWarrantOrRightWeightedAverageContractualTerm
P3Y5M25D
CY2012 inuv Class Of Warrant Or Right Weighted Average Exercise Price
ClassOfWarrantOrRightWeightedAverageExercisePrice
2.37
CY2012 inuv Data Acquisition
DataAcquisition
4282568 USD
CY2011 inuv Data Acquisition
DataAcquisition
2526001 USD
CY2012Q1 inuv Deferredtaxliability
Deferredtaxliability
4543000 USD
CY2011 inuv Deposittocollateralizeletterofcredit
Deposittocollateralizeletterofcredit
335093 USD
CY2012 inuv Deposittocollateralizeletterofcredit
Deposittocollateralizeletterofcredit
300572 USD
CY2011 inuv Depreciation And Amortization Property Plant And Equipment
DepreciationAndAmortizationPropertyPlantAndEquipment
1500000 USD
CY2012 inuv Depreciation And Amortization Property Plant And Equipment
DepreciationAndAmortizationPropertyPlantAndEquipment
2500000 USD
CY2012 inuv Effective Income Tax Rate Reconciliation Permanent Differences
EffectiveIncomeTaxRateReconciliationPermanentDifferences
-0.02
CY2011 inuv Effective Income Tax Rate Reconciliation Permanent Differences
EffectiveIncomeTaxRateReconciliationPermanentDifferences
-0.02
CY2012Q4 inuv Finite Lived Intangible Assets Current Portion Accumulated Amortization
FiniteLivedIntangibleAssetsCurrentPortionAccumulatedAmortization
19535807 USD
CY2012Q4 inuv Finite Lived Intangible Assets Current Portion Gross
FiniteLivedIntangibleAssetsCurrentPortionGross
19864472 USD
CY2012Q4 inuv Finite Lived Intangible Assets Long Term Portion Accumulated Amortization
FiniteLivedIntangibleAssetsLongTermPortionAccumulatedAmortization
761670 USD
CY2012Q4 inuv Finite Lived Intangible Assets Long Term Portion Gross
FiniteLivedIntangibleAssetsLongTermPortionGross
11900000 USD
CY2011 inuv Foreign Currency Revaluation
ForeignCurrencyRevaluation
0 USD
CY2012 inuv Foreign Currency Revaluation
ForeignCurrencyRevaluation
-418 USD
CY2011 inuv Gain From Litigation Settlement In Discontinued Operations
GainFromLitigationSettlementInDiscontinuedOperations
257136 USD
CY2012 inuv Gain From Litigation Settlement In Discontinued Operations
GainFromLitigationSettlementInDiscontinuedOperations
0 USD
CY2012 inuv Income Loss From Discontinued Operations From European Operations Acquired With Vertro Merger
IncomeLossFromDiscontinuedOperationsFromEuropeanOperationsAcquiredWithVertroMerger
-183527 USD
CY2011 inuv Income Loss From Discontinued Operations From European Operations Acquired With Vertro Merger
IncomeLossFromDiscontinuedOperationsFromEuropeanOperationsAcquiredWithVertroMerger
0 USD
CY2012 inuv Increase Decrease In Search Costs
IncreaseDecreaseInSearchCosts
10700000 USD
CY2012Q4 inuv Intangible Assets Current Portion Net Of Accumulated Amortization
IntangibleAssetsCurrentPortionNetOfAccumulatedAmortization
328665 USD
CY2011Q4 inuv Intangible Assets Current Portion Net Of Accumulated Amortization
IntangibleAssetsCurrentPortionNetOfAccumulatedAmortization
947882 USD
CY2012Q4 inuv Intangible Assets Long Term Portion Net Of Accumulated Amortization
IntangibleAssetsLongTermPortionNetOfAccumulatedAmortization
11138330 USD
CY2012 inuv Issuance Of Stock As Settlement Of Deferred Compensation
IssuanceOfStockAsSettlementOfDeferredCompensation
915750 USD
CY2011 inuv Issuance Of Stock As Settlement Of Deferred Compensation
IssuanceOfStockAsSettlementOfDeferredCompensation
0 USD
CY2012 inuv Issuance Of Warrant To Lender In Connection With Line Of Credit Facility
IssuanceOfWarrantToLenderInConnectionWithLineOfCreditFacility
45000 USD
CY2011 inuv Issuance Of Warrant To Lender In Connection With Line Of Credit Facility
IssuanceOfWarrantToLenderInConnectionWithLineOfCreditFacility
0 USD
CY2012 inuv Litigation Settlements In Stock
LitigationSettlementsInStock
0 USD
CY2011 inuv Litigation Settlements In Stock
LitigationSettlementsInStock
249800 USD
CY2012 inuv Loss On Write Off Of Note Receivable
LossOnWriteOffOfNoteReceivable
0 USD
CY2012 inuv Net Cash Received From Merger With Vertro Inc Net Of Merger Costs
NetCashReceivedFromMergerWithVertroIncNetOfMergerCosts
2432642 USD
CY2012Q1 inuv Net Cash Received In Merger
NetCashReceivedInMerger
2432642 USD
CY2009Q4 inuv Number Of Actions Consolidated
NumberOfActionsConsolidated
2 legal_action
CY2011Q2 inuv Number Of Investors Entered Into Subscription Agreement
NumberOfInvestorsEnteredIntoSubscriptionAgreement
17 investor
CY2012 inuv Operating Leases Increase Decrease In Rent Expense
OperatingLeasesIncreaseDecreaseInRentExpense
-135273 USD
CY2010 inuv Operating Leases Term Sublease
OperatingLeasesTermSublease
P2Y
CY2012Q4 inuv Options And Rsas Exercised
OptionsAndRsasExercised
1128908 shares
CY2012Q1 inuv Otherlongtermliabilities
Otherlongtermliabilities
709991 USD
CY2012Q1 inuv Outstanding Balance On Credit Facility
OutstandingBalanceOnCreditFacility
1000000 USD
CY2012 inuv Payments On Term Note Payable And Capital Leases
PaymentsOnTermNotePayableAndCapitalLeases
-855270 USD
CY2011 inuv Payments On Term Note Payable And Capital Leases
PaymentsOnTermNotePayableAndCapitalLeases
-124843 USD
CY2011 inuv Proceeds From Term Note
ProceedsFromTermNote
0 USD
CY2012 inuv Proceeds From Term Note
ProceedsFromTermNote
5000000 USD
CY2012 inuv Reduction In Operating Expenses Due To Acquisition Synergy
ReductionInOperatingExpensesDueToAcquisitionSynergy
2000000 USD
CY2011 inuv Restricted Advances On Term Note Payable
RestrictedAdvancesOnTermNotePayable
0 USD
CY2012 inuv Restricted Advances On Term Note Payable
RestrictedAdvancesOnTermNotePayable
475000 USD
CY2011Q2 inuv Restructuring And Related Cost Amount Saved Due To Call Center Contract Termination And Forgiveness Of Note Receivable
RestructuringAndRelatedCostAmountSavedDueToCallCenterContractTerminationAndForgivenessOfNoteReceivable
340000 USD
CY2011Q3 inuv Restructuring And Related Cost Amount Saved Due To Directors Compensation Deferral
RestructuringAndRelatedCostAmountSavedDueToDirectorsCompensationDeferral
356000 USD
inuv Restructuring And Related Cost Monthly Amount Saved Due To Employees And Related Expenses
RestructuringAndRelatedCostMonthlyAmountSavedDueToEmployeesAndRelatedExpenses
107000 USD
CY2012 inuv Restructuring And Related Cost Monthly Amount Saved Due To Lease Negotiation
RestructuringAndRelatedCostMonthlyAmountSavedDueToLeaseNegotiation
30000 USD
CY2011Q3 inuv Restructuring And Related Cost Monthly Amount Saved Due To Number Of Positions Eliminated
RestructuringAndRelatedCostMonthlyAmountSavedDueToNumberOfPositionsEliminated
92000 USD
CY2011Q1 inuv Restructuring And Related Cost Monthly Amount Saved Due To Renegotiated Call Center Contract
RestructuringAndRelatedCostMonthlyAmountSavedDueToRenegotiatedCallCenterContract
100000 USD
CY2011Q3 inuv Restructuring And Related Cost Number Of Part Time Positions Eliminated
RestructuringAndRelatedCostNumberOfPartTimePositionsEliminated
6 employee
CY2011 inuv Retirement Of Shares Of Treasury Stock
RetirementOfSharesOfTreasuryStock
0 USD
CY2012 inuv Retirement Of Shares Of Treasury Stock
RetirementOfSharesOfTreasuryStock
73045 USD
CY2012Q4 inuv Rsas Restricted Stock Awards Outstanding
RsasRestrictedStockAwardsOutstanding
173805 shares
CY2012 dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2012Q2 dei Entity Public Float
EntityPublicFloat
16000000 USD
CY2012 dei Entity Registrant Name
EntityRegistrantName
INUVO, INC.
CY2012 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2012 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2012 inuv Schedule Of Net Assets And Liabilities
ScheduleOfNetAssetsAndLiabilities
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table summarizes the net assets received and liabilities assumed in the merger with Vertro. Adjustments to the original purchase price allocation include a revision of shares of common stock issued related to the merger and the finalization of the fair value of accrued expenses. &#160;</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="4" rowspan="1"></td></tr><tr><td width="86%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="12%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total consideration paid in common stock</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11,130,983</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Fair value of assets acquired:</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Accounts receivable, net</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,093,845</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other current assets</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(520,342</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Property and equipment</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,059,729</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other assets</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(283,911</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Goodwill</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(3,984,264</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Intangible assets</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(11,857,537</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Fair value of liabilities assumed:</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Accounts payable</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,753,613</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Outstanding balance on credit facility</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,000,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Accrued expenses</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,782,361</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Deferred tax liability</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,543,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other long-term liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">709,991</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Cash received in merger</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,120,320</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Stock issuance costs</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(687,678</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Net cash received in merger</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,432,642</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div>
CY2012 inuv Search Costs
SearchCosts
18189643 USD
CY2011 inuv Search Costs
SearchCosts
7446116 USD
CY2012 inuv Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Forfeiture Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedForfeitureRate
0.25
CY2011 inuv Share Based Compensation Arrangement By Share Based Payment Award Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodTotalFairValue
466000 USD
CY2012 inuv Share Based Compensation Arrangement By Share Based Payment Award Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedInPeriodTotalFairValue
609000 USD
CY2012 inuv Share Based Compensation Arrangement By Share Based Payment Award Options Vested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
2.28
CY2012 inuv Share Based Compensation Arrangement By Share Based Payment Award Weighted Average Forfeiture Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardWeightedAverageForfeitureRate
0.25
CY2012 inuv State Franchise Tax Expense
StateFranchiseTaxExpense
123024 USD
CY2012Q1 inuv Stock Issuance Costs
StockIssuanceCosts
687678 USD
CY2011 inuv Stock Issued During Period Value Issued For Litigation Settlement
StockIssuedDuringPeriodValueIssuedForLitigationSettlement
365400 USD
CY2011Q2 inuv Stockholders Equity Minimum Amount Required To Be Listed On Nyse Mkt
StockholdersEquityMinimumAmountRequiredToBeListedOnNyseMkt
4000000 USD
CY2012Q3 inuv Stockholders Equity Minimum Amount Required To Be Listed On Nyse Mkt
StockholdersEquityMinimumAmountRequiredToBeListedOnNyseMkt
6000000 USD
CY2011 inuv Total Comprehensive Loss
TotalComprehensiveLoss
8976371 USD
CY2012 inuv Total Comprehensive Loss
TotalComprehensiveLoss
7022427 USD
CY2012Q1 inuv Total Consideration Paid In Common Stock
TotalConsiderationPaidInCommonStock
11130983 USD
CY2012 dei Amendment Flag
AmendmentFlag
false
CY2012 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2012 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2012 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
CY2012 dei Document Period End Date
DocumentPeriodEndDate
2012-12-31
CY2012 dei Document Type
DocumentType
10-K
CY2012 dei Entity Central Index Key
EntityCentralIndexKey
0000829323
CY2013Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
23287718 shares
CY2012 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes

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