2014 Q1 Form 10-Q Financial Statement
#000149523114000030 Filed on May 15, 2014
Income Statement
| Concept | 2014 Q1 | 2013 Q1 |
|---|---|---|
| Revenue | $1.957M | $1.385M |
| YoY Change | 41.27% | -14.15% |
| Cost Of Revenue | $649.5K | $576.1K |
| YoY Change | 12.75% | -12.62% |
| Gross Profit | $1.308M | $809.2K |
| YoY Change | 61.59% | -15.21% |
| Gross Profit Margin | 66.81% | 58.41% |
| Selling, General & Admin | $2.005M | $1.669M |
| YoY Change | 20.15% | -14.24% |
| % of Gross Profit | 153.35% | 206.23% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $20.00K | $20.00K |
| YoY Change | 0.0% | -33.33% |
| % of Gross Profit | 1.53% | 2.47% |
| Operating Expenses | $2.005M | $1.669M |
| YoY Change | 20.15% | -14.24% |
| Operating Profit | -$697.5K | -$859.6K |
| YoY Change | -18.86% | -13.3% |
| Interest Expense | $9.017K | $15.47K |
| YoY Change | -41.7% | -7.63% |
| % of Operating Profit | ||
| Other Income/Expense, Net | $128.2K | -$24.24K |
| YoY Change | -628.79% | -132.65% |
| Pretax Income | -$570.0K | -$880.0K |
| YoY Change | -35.23% | -4.35% |
| Income Tax | $0.00 | $0.00 |
| % Of Pretax Income | ||
| Net Earnings | -$569.3K | -$883.8K |
| YoY Change | -35.59% | -3.64% |
| Net Earnings / Revenue | -29.09% | -63.8% |
| Basic Earnings Per Share | -$0.02 | |
| Diluted Earnings Per Share | -$0.02 | -$2.588M |
| COMMON SHARES | ||
| Basic Shares Outstanding | 37.14M shares | 7.146M shares |
| Diluted Shares Outstanding | 37.14M shares |
Balance Sheet
| Concept | 2014 Q1 | 2013 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $11.25M | $130.0K |
| YoY Change | 8553.85% | 8.33% |
| Cash & Equivalents | $11.25M | $130.3K |
| Short-Term Investments | ||
| Other Short-Term Assets | $74.67K | $8.703K |
| YoY Change | 757.98% | -92.09% |
| Inventory | ||
| Prepaid Expenses | $97.47K | $127.8K |
| Receivables | $929.8K | $600.8K |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $12.36M | $896.2K |
| YoY Change | 1279.03% | 17.92% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $189.5K | $101.2K |
| YoY Change | 87.31% | -27.73% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | $13.50K | |
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $50.00K | $10.00K |
| YoY Change | 400.0% | -50.0% |
| Total Long-Term Assets | $809.2K | $119.9K |
| YoY Change | 575.15% | -53.9% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $12.36M | $896.2K |
| Total Long-Term Assets | $809.2K | $119.9K |
| Total Assets | $13.17M | $1.016M |
| YoY Change | 1196.0% | -0.39% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $807.5K | $1.391M |
| YoY Change | -41.94% | 20.95% |
| Accrued Expenses | $342.3K | $248.8K |
| YoY Change | 37.61% | -19.75% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $60.00K | $20.00K |
| YoY Change | 200.0% | 0.0% |
| Total Short-Term Liabilities | $2.259M | $2.950M |
| YoY Change | -23.4% | -4.23% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $50.00K | $10.00K |
| YoY Change | 400.0% | -50.0% |
| Other Long-Term Liabilities | $14.14M | $10.00K |
| YoY Change | 141300.0% | -98.46% |
| Total Long-Term Liabilities | $14.19M | $20.00K |
| YoY Change | 70850.0% | -97.01% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $2.259M | $2.950M |
| Total Long-Term Liabilities | $14.19M | $20.00K |
| Total Liabilities | $16.44M | $2.965M |
| YoY Change | 454.53% | -21.14% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | -$26.69M | -$23.69M |
| YoY Change | 12.7% | |
| Common Stock | $5.695K | $714.00 |
| YoY Change | 697.62% | |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | -$3.275M | -$1.949M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $13.17M | $1.016M |
| YoY Change | 1196.0% | -0.39% |
Cashflow Statement
| Concept | 2014 Q1 | 2013 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$569.3K | -$883.8K |
| YoY Change | -35.59% | -3.64% |
| Depreciation, Depletion And Amortization | $20.00K | $20.00K |
| YoY Change | 0.0% | -33.33% |
| Cash From Operating Activities | -$22.11K | -$697.3K |
| YoY Change | -96.83% | 22.57% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $9.563K | $0.00 |
| YoY Change | ||
| Acquisitions | $0.00 | |
| YoY Change | ||
| Other Investing Activities | $0.00 | $0.00 |
| YoY Change | ||
| Cash From Investing Activities | -$220.3K | $3.870K |
| YoY Change | -5793.39% | |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | $10.96M | $165.7K |
| YoY Change | 6515.45% | -64.54% |
| NET CHANGE | ||
| Cash From Operating Activities | -$22.11K | -$697.3K |
| Cash From Investing Activities | -$220.3K | $3.870K |
| Cash From Financing Activities | $10.96M | $165.7K |
| Net Change In Cash | $10.72M | -$527.7K |
| YoY Change | -2131.46% | 419.34% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$22.11K | -$697.3K |
| Capital Expenditures | $9.563K | $0.00 |
| Free Cash Flow | -$31.67K | -$697.3K |
| YoY Change | -95.46% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2014Q1 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
807508 | USD |
| CY2013Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
817057 | USD |
| CY2014Q1 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
929754 | USD |
| CY2013Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
1659802 | USD |
| CY2013Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
365454 | USD |
| CY2014Q1 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
342334 | USD |
| CY2013Q4 | us-gaap |
Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
|
53884 | USD |
| CY2014Q1 | us-gaap |
Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
|
31926 | USD |
| CY2013Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
24672132 | USD |
| CY2014Q1 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
23414094 | USD |
| CY2014Q1 | us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
|
115338 | USD |
| CY2014Q1 | us-gaap |
Advertising Cost Policy Expensed Advertising Cost
AdvertisingCostPolicyExpensedAdvertisingCost
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Advertising Costs</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Advertising costs are charged to expense as they are incurred, including payments to contact creators to promote the Company.  Advertising expense charged to operations for the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">three months</font><font style="font-family:inherit;font-size:10pt;"> ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">March 31, 2014</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2013</font><font style="font-family:inherit;font-size:10pt;"> were approximately </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$31,415</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$25,000</font><font style="font-family:inherit;font-size:10pt;">, respectively. Advertising costs are included in sales and marketing expense in the accompanying consolidated statements of operations.</font></div></div> | |
| CY2013Q1 | us-gaap |
Advertising Expense
AdvertisingExpense
|
25000 | USD |
| CY2014Q1 | us-gaap |
Advertising Expense
AdvertisingExpense
|
31415 | USD |
| CY2013Q4 | us-gaap |
Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
|
34013 | USD |
| CY2014Q1 | us-gaap |
Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
|
206529 | USD |
| CY2013Q1 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
4485 | USD |
| CY2014Q1 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
5842 | USD |
| CY2014Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
5842 | USD |
| CY2013Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
8985 | USD |
| CY2014Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
64175448 | shares |
| CY2013Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
2788888 | shares |
| CY2013Q4 | us-gaap |
Assets
Assets
|
2948702 | USD |
| CY2014Q1 | us-gaap |
Assets
Assets
|
13167907 | USD |
| CY2014Q1 | us-gaap |
Assets Current
AssetsCurrent
|
12358699 | USD |
| CY2013Q4 | us-gaap |
Assets Current
AssetsCurrent
|
2383300 | USD |
| CY2013Q1 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
0 | USD |
| CY2014Q1 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
41339 | USD |
| CY2014Q1 | us-gaap |
Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
|
59783 | USD |
| CY2013Q4 | us-gaap |
Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
|
43852 | USD |
| CY2014Q1 | us-gaap |
Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
|
47076 | USD |
| CY2014Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
11249931 | USD |
| CY2013Q1 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
576102 | USD |
| CY2014Q1 | us-gaap |
Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
|
568875 | USD |
| CY2013Q4 | us-gaap |
Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
|
362346 | USD |
| CY2013Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
530052 | USD |
| CY2013Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
130252 | USD |
| CY2012Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
657946 | USD |
| CY2014Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
10719879 | USD |
| CY2013Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-527694 | USD |
| CY2014Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
| CY2013Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
| CY2014Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
100000000 | shares |
| CY2013Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
100000000 | shares |
| CY2014Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
56946381 | shares |
| CY2013Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
22560653 | shares |
| CY2013Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
22560653 | shares |
| CY2014Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
56946381 | shares |
| CY2013Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
2256 | USD |
| CY2014Q1 | us-gaap |
Common Stock Value
CommonStockValue
|
5695 | USD |
| CY2014Q1 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Concentrations of credit risk with respect to accounts receivable are typically limited because a large number of geographically diverse customers make up the Company’s customer base, thus spreading the trade credit risk. The Company also controls credit risk through credit approvals, credit limits and monitoring procedures. The Company performs credit evaluations of its customers but generally does not require collateral to support accounts receivable. At </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">March 31, 2014</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">three</font><font style="font-family:inherit;font-size:10pt;"> customers accounted for </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">51%</font><font style="font-family:inherit;font-size:10pt;"> of total accounts receivable in the aggregate, each of which accounted for more than 10% of the Company’s accounts receivable. At </font><font style="font-family:inherit;font-size:10pt;">December 31, 2013</font><font style="font-family:inherit;font-size:10pt;">, the Company had </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">two</font><font style="font-family:inherit;font-size:10pt;"> customers which accounted for </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">23%</font><font style="font-family:inherit;font-size:10pt;"> of total accounts receivable in the aggregate. The Company had </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">two</font><font style="font-family:inherit;font-size:10pt;"> customers that accounted for </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">22%</font><font style="font-family:inherit;font-size:10pt;"> of its revenue during the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">three months</font><font style="font-family:inherit;font-size:10pt;"> ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">March 31, 2014</font><font style="font-family:inherit;font-size:10pt;">. The Company had </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">no</font><font style="font-family:inherit;font-size:10pt;"> customers that accounted for more than 10% of its revenue during the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">three months</font><font style="font-family:inherit;font-size:10pt;"> ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">March 31, 2013</font><font style="font-family:inherit;font-size:10pt;">.</font></div></div> | |
| CY2014Q1 | us-gaap |
Concentration Risk Percentage1
ConcentrationRiskPercentage1
|
0.22 | |
| CY2012Q2 | us-gaap |
Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
|
75000 | USD |
| CY2014Q1 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
649533 | USD |
| CY2014Q1 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
6875 | USD |
| CY2013Q4 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
5217 | USD |
| CY2013Q4 | us-gaap |
Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
|
14179 | USD |
| CY2014Q1 | us-gaap |
Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
|
56715 | USD |
| CY2013Q4 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
1292228 | USD |
| CY2014Q1 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
1049867 | USD |
| CY2013Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
12579 | USD |
| CY2014Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
17867 | USD |
| CY2013Q4 | us-gaap |
Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
|
1832945 | USD |
| CY2014Q1 | us-gaap |
Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
|
14079560 | USD |
| CY2013Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.13 | |
| CY2014Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.02 | |
| CY2012Q1 | us-gaap |
Embedded Derivative Gain Loss On Embedded Derivative Net
EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet
|
644 | USD |
| CY2014Q1 | us-gaap |
Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
|
135601 | USD |
| CY2013Q1 | us-gaap |
Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
|
-8124 | USD |
| CY2014Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
1844140 | USD |
| CY2013Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
1574592 | USD |
| CY2013Q1 | us-gaap |
Gross Profit
GrossProfit
|
809173 | USD |
| CY2014Q1 | us-gaap |
Gross Profit
GrossProfit
|
1307507 | USD |
| CY2013Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
227609 | USD |
| CY2014Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-9549 | USD |
| CY2013Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
173962 | USD |
| CY2014Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-730048 | USD |
| CY2013Q1 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
59024 | USD |
| CY2014Q1 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-41870 | USD |
| CY2013Q1 | us-gaap |
Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
|
-117538 | USD |
| CY2014Q1 | us-gaap |
Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
|
-242361 | USD |
| CY2014Q1 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
42536 | USD |
| CY2013Q1 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
USD | |
| CY2014Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-6590 | USD |
| CY2013Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-74760 | USD |
| CY2013Q1 | us-gaap |
Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
|
3870 | USD |
| CY2014Q1 | us-gaap |
Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
|
-4242 | USD |
| CY2013Q1 | us-gaap |
Interest Expense
InterestExpense
|
15466 | USD |
| CY2014Q1 | us-gaap |
Interest Expense
InterestExpense
|
9017 | USD |
| CY2013Q1 | us-gaap |
Interest Paid
InterestPaid
|
1856 | USD |
| CY2014Q1 | us-gaap |
Interest Paid
InterestPaid
|
3175 | USD |
| CY2013Q1 | us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
46785 | USD |
| CY2014Q1 | us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
58360 | USD |
| CY2013Q4 | us-gaap |
Liabilities
Liabilities
|
4399728 | USD |
| CY2014Q1 | us-gaap |
Liabilities
Liabilities
|
16442843 | USD |
| CY2014Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
13167907 | USD |
| CY2013Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
2948702 | USD |
| CY2014Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
2259492 | USD |
| CY2013Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
2518591 | USD |
| CY2014Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
10962324 | USD |
| CY2013Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
165708 | USD |
| CY2013Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
3870 | USD |
| CY2014Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-220334 | USD |
| CY2014Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-22111 | USD |
| CY2013Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-697272 | USD |
| CY2013Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-883830 | USD |
| CY2014Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-569311 | USD |
| CY2013Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-24242 | USD |
| CY2014Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
128189 | USD |
| CY2014Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
2005007 | USD |
| CY2013Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
1668761 | USD |
| CY2014Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-697500 | USD |
| CY2013Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-859588 | USD |
| CY2014Q1 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
74670 | USD |
| CY2013Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
78269 | USD |
| CY2013Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
80 | USD |
| CY2014Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
1605 | USD |
| CY2014Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
9563 | USD |
| CY2013Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
0 | USD |
| CY2013Q1 | us-gaap |
Payments To Develop Software
PaymentsToDevelopSoftware
|
0 | USD |
| CY2014Q1 | us-gaap |
Payments To Develop Software
PaymentsToDevelopSoftware
|
206529 | USD |
| CY2014Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
| CY2014Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
| CY2013Q4 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
109960 | USD |
| CY2014Q1 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
97469 | USD |
| CY2014Q1 | 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;font-weight:bold;text-decoration:underline;">Reclassifications</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain items have been reclassified in the 2013 financial statements to conform to the 2014 presentation.</font></div></div> | |
| CY2013Q3 | us-gaap |
Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
|
2182500 | USD |
| CY2014Q1 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
0 | USD |
| CY2013Q1 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
169798 | USD |
| CY2013Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
156482 | USD |
| CY2014Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
189517 | USD |
| CY2014Q1 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
19845 | USD |
| CY2013Q1 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
4090 | USD |
| CY2013Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-26125414 | USD |
| CY2014Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-26694725 | USD |
| CY2014Q1 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
1957040 | USD |
| CY2013Q1 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
1385275 | USD |
| CY2013Q4 | us-gaap |
Security Deposit
SecurityDeposit
|
46574 | USD |
| CY2014Q1 | us-gaap |
Security Deposit
SecurityDeposit
|
50816 | USD |
| CY2013Q1 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
94169 | USD |
| CY2014Q1 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
160867 | USD |
| CY2014Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
115338 | USD |
| CY2013Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
39460 | USD |
| CY2014Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
|
P90D | |
| CY2014Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
0.52 | |
| CY2014Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
161065 | USD |
| CY2014Q1 | us-gaap |
Stock Issued1
StockIssued1
|
0 | USD |
| CY2013Q1 | us-gaap |
Stock Issued1
StockIssued1
|
47220 | USD |
| CY2013Q1 | us-gaap |
Stock Issued During Period Value Purchase Of Assets
StockIssuedDuringPeriodValuePurchaseOfAssets
|
4820 | USD |
| CY2014Q1 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
30110 | USD |
| CY2013Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-1451026 | USD |
| CY2014Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-3274936 | USD |
| CY2013Q4 | us-gaap |
Stockholders Equity Note Changes In Capital Structure Subsequent Changes To Number Of Common Shares
StockholdersEquityNoteChangesInCapitalStructureSubsequentChangesToNumberOfCommonShares
|
8730000 | shares |
| CY2014Q1 | izea |
Percentage Of Accounts Receivable Accounted For By Major Customer
PercentageOfAccountsReceivableAccountedForByMajorCustomer
|
0.51 | |
| CY2013Q4 | izea |
Percentage Of Accounts Receivable Accounted For By Major Customer
PercentageOfAccountsReceivableAccountedForByMajorCustomer
|
0.23 | |
| CY2013Q1 | izea |
Proceedsfromissuanceofcommonstockpreferredstockandwarrants
Proceedsfromissuanceofcommonstockpreferredstockandwarrants
|
0 | USD |
| CY2014Q1 | izea |
Proceedsfromissuanceofcommonstockpreferredstockandwarrants
Proceedsfromissuanceofcommonstockpreferredstockandwarrants
|
10982169 | USD |
| CY2014Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Use of Estimates</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity 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 and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"></font></div></div> | |
| CY2014Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
37135738 | shares |
| CY2013Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
6811654 | shares |
| CY2014Q1 | izea |
Classof Warrantor Right Expiration Period
ClassofWarrantorRightExpirationPeriod
|
P5Y | |
| CY2014Q1 | izea |
Derivative Gain Loss On Derivative Exchange Net
DerivativeGainLossOnDerivativeExchangeNet
|
732 | USD |
| CY2013Q1 | izea |
Entity Wide Revenue Number Of Major Customer
EntityWideRevenueNumberOfMajorCustomer
|
0 | customer |
| CY2014Q1 | izea |
Entity Wide Revenue Number Of Major Customer
EntityWideRevenueNumberOfMajorCustomer
|
2 | customer |
| CY2013Q1 | izea |
Fair Value Of Compound Embedded Derivative In Promissory Notes
FairValueOfCompoundEmbeddedDerivativeInPromissoryNotes
|
0 | USD |
| CY2014Q1 | izea |
Fair Value Of Compound Embedded Derivative In Promissory Notes
FairValueOfCompoundEmbeddedDerivativeInPromissoryNotes
|
0 | USD |
| CY2014Q1 | izea |
Fair Value Of Warrants Issued
FairValueOfWarrantsIssued
|
12382216 | USD |
| CY2013Q1 | izea |
Fair Value Of Warrants Issued
FairValueOfWarrantsIssued
|
7209 | USD |
| CY2014Q1 | izea |
Interest Expense Notes Payable
InterestExpenseNotesPayable
|
0 | USD |
| CY2013Q1 | izea |
Interest Expense Notes Payable
InterestExpenseNotesPayable
|
9124 | USD |
| CY2013Q3 | izea |
Legal Fees Reduction Settledby Issuanceof Restricted Stock
LegalFeesReductionSettledbyIssuanceofRestrictedStock
|
288081 | USD |
| CY2014Q1 | izea |
Loss On Exchange Of Warrants
LossOnExchangeOfWarrants
|
0 | USD |
| CY2013Q1 | izea |
Loss On Exchange Of Warrants
LossOnExchangeOfWarrants
|
732 | USD |
| CY2014Q1 | izea |
Noncashor Part Noncash Conversionof Notesinto Common Stock
NoncashorPartNoncashConversionofNotesintoCommonStock
|
0 | USD |
| CY2013Q1 | izea |
Noncashor Part Noncash Conversionof Notesinto Common Stock
NoncashorPartNoncashConversionofNotesintoCommonStock
|
124611 | USD |
| CY2013Q4 | izea |
Number Of Major Customers Accounting For More Than Ten Percent Of Accounts Receivables
NumberOfMajorCustomersAccountingForMoreThanTenPercentOfAccountsReceivables
|
2 | customer |
| CY2014Q1 | izea |
Number Of Major Customers Accounting For More Than Ten Percent Of Accounts Receivables
NumberOfMajorCustomersAccountingForMoreThanTenPercentOfAccountsReceivables
|
3 | customer |
| CY2013Q1 | izea |
Share Based Compensation Arrangement By Share Based Payment Award Current Average Expected Forfeiture Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardCurrentAverageExpectedForfeitureRate
|
0.5021 | |
| CY2014Q1 | izea |
Share Based Compensation Arrangement By Share Based Payment Award Current Average Expected Forfeiture Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardCurrentAverageExpectedForfeitureRate
|
0.1442 | |
| CY2013Q1 | izea |
Restricted Stock Fair Value
RestrictedStockFairValue
|
47220 | USD |
| CY2014Q1 | izea |
Restricted Stock Fair Value
RestrictedStockFairValue
|
30110 | USD |
| CY2014Q1 | izea |
Saleofcommonstockvaluenetofferingcosts
Saleofcommonstockvaluenetofferingcosts
|
10982169 | USD |
| CY2013Q1 | izea |
Warrant Issued In Financing Arrangement Period Of Maturity
WarrantIssuedInFinancingArrangementPeriodOfMaturity
|
P5Y | |
| CY2013Q1 | izea |
Warrant Issued Not Yet Exercised
WarrantIssuedNotYetExercised
|
58139 | shares |
| CY2013Q1 | izea |
Warrant Issued Not Yet Exercised Price Per Share
WarrantIssuedNotYetExercisedPricePerShare
|
0.258 | |
| CY2013Q1 | izea |
Warrant Issued Not Yet Exercised Value
WarrantIssuedNotYetExercisedValue
|
15000 | USD |
| CY2013Q1 | izea |
Warrants Issued In Financing Arrangement
WarrantsIssuedInFinancingArrangement
|
7209 | USD |
| CY2014Q1 | izea |
Warrants Issued In Financing Arrangement
WarrantsIssuedInFinancingArrangement
|
12382216 | USD |
| CY2014Q1 | dei |
Amendment Flag
AmendmentFlag
|
false | |
| CY2014Q1 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
| CY2014Q1 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q1 | |
| CY2014Q1 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2014 | |
| CY2014Q1 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2014-03-31 | |
| CY2014Q1 | dei |
Document Type
DocumentType
|
10-Q | |
| CY2014Q1 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001495231 | |
| CY2014Q2 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
57046381 | shares |
| CY2014Q1 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
| CY2014Q1 | dei |
Entity Filer Category
EntityFilerCategory
|
Smaller Reporting Company | |
| CY2013Q2 | dei |
Entity Public Float
EntityPublicFloat
|
1506252 | USD |
| CY2014Q1 | dei |
Entity Registrant Name
EntityRegistrantName
|
IZEA, INC. | |
| CY2014Q1 | dei |
Entity Voluntary Filers
EntityVoluntaryFilers
|
No | |
| CY2014Q1 | dei |
Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
|
No |
