$IZEA
IZEA Worldwide, Inc.

2014 Q4 Form 10-Q Financial Statement

#000149523114000049 Filed on November 13, 2014

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2013 Q3
Revenue $2.460M $1.932M $1.566M
YoY Change 25.51% 23.36% 47.88%
Cost Of Revenue $850.0K $692.2K $499.1K
YoY Change 0.0% 38.69% 15.0%
Gross Profit $1.620M $1.239M $1.067M
YoY Change 45.95% 16.19% 70.73%
Gross Profit Margin 65.85% 64.16% 68.12%
Selling, General & Admin $2.800M $2.802M $1.719M
YoY Change 42.13% 63.0% 10.53%
% of Gross Profit 172.84% 226.08% 161.16%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $40.00K $30.00K $20.00K
YoY Change -33.33% 50.0% -33.33%
% of Gross Profit 2.47% 2.42% 1.87%
Operating Expenses $2.790M $2.802M $1.719M
YoY Change 40.91% 63.0% 10.53%
Operating Profit -$1.170M -$1.563M -$652.4K
YoY Change 34.48% 139.52% -29.89%
Interest Expense $2.210M $5.519K $14.44K
YoY Change 636.67% -61.78% -56.89%
% of Operating Profit
Other Income/Expense, Net $0.00 $2.248M -$322.9K
YoY Change -796.3% 1441.48%
Pretax Income $1.040M $690.0K -$980.0K
YoY Change -282.46% -170.41% 3.16%
Income Tax $0.00 $0.00
% Of Pretax Income 0.0%
Net Earnings $1.040M $685.4K -$975.3K
YoY Change -282.46% -170.27% 2.49%
Net Earnings / Revenue 42.28% 35.48% -62.29%
Basic Earnings Per Share $0.01 -$0.08
Diluted Earnings Per Share $332.3K $0.01 -$0.08
COMMON SHARES
Basic Shares Outstanding 57.50M shares 57.35M shares 13.00M shares
Diluted Shares Outstanding 69.43M shares 13.00M shares

Balance Sheet

Concept 2014 Q4 2014 Q3 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.520M $7.880M $1.660M
YoY Change 1130.19% 374.7% 27.69%
Cash & Equivalents $6.522M $7.880M $530.1K
Short-Term Investments
Other Short-Term Assets $61.42K $150.9K $23.10K
YoY Change -26.43% 553.24% 98.67%
Inventory
Prepaid Expenses $190.6K $485.2K $127.5K
Receivables $2.156M $1.476M $1.164M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $8.930M $9.992M $2.991M
YoY Change 274.7% 234.06% 38.15%
LONG-TERM ASSETS
Property, Plant & Equipment $588.9K $275.9K $147.8K
YoY Change 276.35% 86.67% 19.11%
Goodwill $0.00
YoY Change
Intangibles $0.00 $4.500K
YoY Change -94.13%
Long-Term Investments
YoY Change
Other Assets $100.0K $60.00K $10.00K
YoY Change 100.0% 500.0% -50.0%
Total Long-Term Assets $1.173M $807.6K $405.1K
YoY Change 107.48% 99.34% 85.67%
TOTAL ASSETS
Total Short-Term Assets $8.930M $9.992M $2.991M
Total Long-Term Assets $1.173M $807.6K $405.1K
Total Assets $10.10M $10.80M $3.396M
YoY Change 242.64% 217.99% 42.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $310.6K $642.7K $741.5K
YoY Change -61.98% -13.33% -29.47%
Accrued Expenses $394.6K $452.0K $472.0K
YoY Change 7.98% -4.24% 148.43%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $50.00K $60.00K $40.00K
YoY Change 25.0% 50.0% 100.0%
Total Short-Term Liabilities $2.527M $2.291M $2.515M
YoY Change 0.32% -8.9% -20.95%
LONG-TERM LIABILITIES
Long-Term Debt $10.00K $20.00K $30.00K
YoY Change -66.67% -33.33% 200.0%
Other Long-Term Liabilities $3.310M $5.500M $2.140M
YoY Change 78.92% 157.01% 5250.0%
Total Long-Term Liabilities $3.320M $5.520M $2.170M
YoY Change 76.6% 154.38% 4240.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.527M $2.291M $2.515M
Total Long-Term Liabilities $3.320M $5.520M $2.170M
Total Liabilities $5.844M $7.804M $4.685M
YoY Change 32.83% 66.59% 44.63%
SHAREHOLDERS EQUITY
Retained Earnings -$22.94M -$23.98M -$25.56M
YoY Change -12.19% -6.17% 17.02%
Common Stock $289.00 $5.750K $2.234K
YoY Change -87.19% 157.39% 442.23%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.259M $2.995M -$1.289M
YoY Change
Total Liabilities & Shareholders Equity $10.10M $10.80M $3.396M
YoY Change 242.64% 217.99% 42.5%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2013 Q3
OPERATING ACTIVITIES
Net Income $1.040M $685.4K -$975.3K
YoY Change -282.46% -170.27% 2.49%
Depreciation, Depletion And Amortization $40.00K $30.00K $20.00K
YoY Change -33.33% 50.0% -33.33%
Cash From Operating Activities -$940.0K -$1.880M -$650.0K
YoY Change 0.0% 189.23% -8.45%
INVESTING ACTIVITIES
Capital Expenditures -$350.0K -$80.00K -$150.0K
YoY Change 191.67% -46.67%
Acquisitions
YoY Change
Other Investing Activities -$40.00K $0.00 $0.00
YoY Change 0.0%
Cash From Investing Activities -$400.0K -$80.00K -$160.0K
YoY Change 150.0% -50.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -20.00K 90.00K 2.380M
YoY Change -50.0% -96.22% 30.77%
NET CHANGE
Cash From Operating Activities -940.0K -1.880M -650.0K
Cash From Investing Activities -400.0K -80.00K -160.0K
Cash From Financing Activities -20.00K 90.00K 2.380M
Net Change In Cash -1.360M -1.870M 1.570M
YoY Change 19.3% -219.11% 41.44%
FREE CASH FLOW
Cash From Operating Activities -$940.0K -$1.880M -$650.0K
Capital Expenditures -$350.0K -$80.00K -$150.0K
Free Cash Flow -$590.0K -$1.800M -$500.0K
YoY Change -28.05% 260.0% -29.58%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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AccountsPayableCurrent
642671 USD
CY2013Q4 us-gaap Accounts Payable Current
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CY2013Q4 us-gaap Accounts Receivable Net Current
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CY2014Q3 us-gaap Accounts Receivable Net Current
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CY2013Q4 us-gaap Additional Paid In Capital
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CY2014Q3 us-gaap Additional Paid In Capital
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us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
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us-gaap Advertising Cost Policy Expensed Advertising Cost
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<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.&#160;&#160;Advertising expense charged to operations for the </font><font style="font-family:inherit;font-size:10pt;">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;">September&#160;30, 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;">$347,000</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$12,000</font><font style="font-family:inherit;font-size:10pt;">, respectively. Advertising expense charged to operations for the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">nine 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;">September&#160;30, 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;">$635,000</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$56,000</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>
us-gaap Advertising Expense
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us-gaap Advertising Expense
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us-gaap Amortization Of Financing Costs
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CY2014Q3 us-gaap Amortization Of Financing Costs
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CY2013Q3 us-gaap Amortization Of Financing Costs
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us-gaap Amortization Of Financing Costs
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us-gaap Amortization Of Intangible Assets
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us-gaap Amortization Of Intangible Assets
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CY2013Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2014Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2014Q3 us-gaap Assets
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CY2013Q4 us-gaap Assets
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us-gaap Capital Expenditures Incurred But Not Yet Paid
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us-gaap Capital Expenditures Incurred But Not Yet Paid
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CY2013Q4 us-gaap Capital Lease Obligations Current
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CY2014Q3 us-gaap Capital Lease Obligations Noncurrent
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CY2013Q4 us-gaap Capital Lease Obligations Noncurrent
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CY2014Q3 us-gaap Capitalized Computer Software Accumulated Amortization
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CY2013Q4 us-gaap Capitalized Computer Software Accumulated Amortization
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CY2013Q4 us-gaap Capitalized Computer Software Net
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CY2014Q3 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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us-gaap Cash And Cash Equivalents Period Increase Decrease
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CY2013Q4 us-gaap Common Stock Shares Issued
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us-gaap Concentration Risk Credit Risk
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<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&#8217;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;">September&#160;30, 2014</font><font style="font-family:inherit;font-size:10pt;">, there were </font><font style="font-family:Times New Roman;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 the Company&#8217;s accounts receivable in the aggregate. At </font><font style="font-family:inherit;font-size:10pt;">December&#160;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;">no</font><font style="font-family:inherit;font-size:10pt;"> customers that accounted for more than 10% of the Company&#8217;s revenue during the </font><font style="font-family:inherit;font-size:10pt;">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;">September&#160;30, 2014</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> customers that accounted for </font><font style="font-family:inherit;font-size:10pt;">33%</font><font style="font-family:inherit;font-size:10pt;"> of its revenue during the </font><font style="font-family:inherit;font-size:10pt;">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;">September&#160;30, 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;">one</font><font style="font-family:inherit;font-size:10pt;"> customer that accounted for </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">10%</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;">nine 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;">September&#160;30, 2014</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;"> customer that accounted for </font><font style="font-family:inherit;font-size:10pt;">13%</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;">nine 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;">September&#160;30, 2013</font><font style="font-family:inherit;font-size:10pt;">. </font></div></div>
CY2013Q3 us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
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us-gaap Concentration Risk Percentage1
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us-gaap Concentration Risk Percentage1
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CY2014Q3 us-gaap Cost Of Goods And Services Sold
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CY2013Q3 us-gaap Cost Of Goods And Services Sold
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499127 USD
us-gaap Cost Of Goods And Services Sold
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us-gaap Cost Of Goods And Services Sold
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us-gaap Depreciation And Amortization
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us-gaap Depreciation And Amortization
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us-gaap Derivative Gain Loss On Derivative Net
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us-gaap Derivative Gain Loss On Derivative Net
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CY2014Q3 us-gaap Derivative Gain Loss On Derivative Net
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us-gaap Earnings Per Share Basic
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EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
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us-gaap General And Administrative Expense
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Embedded Derivative Gain Loss On Embedded Derivative Net
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us-gaap Fair Value Option Changes In Fair Value Gain Loss1
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us-gaap Fair Value Option Changes In Fair Value Gain Loss1
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us-gaap Gain Loss On Sale Of Property Plant Equipment
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us-gaap Gain Loss On Sale Of Property Plant Equipment
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us-gaap Gross Profit
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us-gaap General And Administrative Expense
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CY2013Q3 us-gaap General And Administrative Expense
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CY2014Q3 us-gaap Gross Profit
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CY2013Q3 us-gaap Gross Profit
GrossProfit
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us-gaap Gross Profit
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us-gaap Increase Decrease In Accounts Payable
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us-gaap Increase Decrease In Accounts Payable
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-174386 USD
us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Accrued Liabilities
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us-gaap Increase Decrease In Accrued Liabilities
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273061 USD
us-gaap Increase Decrease In Deferred Liabilities
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us-gaap Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
120779 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-17716 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
454839 USD
us-gaap Increase Decrease In Security Deposits
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-11067 USD
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
1097 USD
CY2014Q3 us-gaap Interest Expense
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5519 USD
us-gaap Interest Expense
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52435 USD
us-gaap Interest Expense
InterestExpense
20587 USD
CY2013Q3 us-gaap Interest Expense
InterestExpense
14439 USD
us-gaap Interest Paid
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us-gaap Interest Paid
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9902 USD
us-gaap Issuance Of Stock And Warrants For Services Or Claims
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us-gaap Issuance Of Stock And Warrants For Services Or Claims
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CY2013Q4 us-gaap Liabilities
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4399728 USD
CY2014Q3 us-gaap Liabilities
Liabilities
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CY2014Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
10799444 USD
CY2013Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2948702 USD
CY2014Q3 us-gaap Liabilities Current
LiabilitiesCurrent
2290774 USD
CY2013Q4 us-gaap Liabilities Current
LiabilitiesCurrent
2518591 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
10996110 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3265154 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-377570 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-258845 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-3268674 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2000567 USD
CY2014Q3 us-gaap Net Income Loss
NetIncomeLoss
685370 USD
us-gaap Net Income Loss
NetIncomeLoss
2145194 USD
us-gaap Net Income Loss
NetIncomeLoss
-2752602 USD
CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
-975302 USD
CY2014Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
2248103 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-705288 USD
CY2013Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-322863 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
5612645 USD
CY2013Q2 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
820202 USD
CY2013Q2 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
1586109 USD
us-gaap Operating Expenses
OperatingExpenses
7326991 USD
CY2013Q3 us-gaap Operating Expenses
OperatingExpenses
1719163 USD
CY2014Q3 us-gaap Operating Expenses
OperatingExpenses
2802187 USD
us-gaap Operating Expenses
OperatingExpenses
4867583 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-3467451 USD
CY2014Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-1562733 USD
CY2013Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-652439 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-2047314 USD
CY2013Q4 us-gaap Other Assets Current
OtherAssetsCurrent
83486 USD
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
63663192 shares
CY2013Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12996717 shares
CY2014Q3 us-gaap Other Assets Current
OtherAssetsCurrent
150892 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
7677 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
230 USD
CY2014Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3278 USD
CY2013Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
150 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
159974 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
15064 USD
us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
244878 USD
us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
206529 USD
CY2014Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2014Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2014Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
485176 USD
CY2013Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
109960 USD
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>
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
1439798 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
112800 USD
CY2014Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
275920 USD
CY2013Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
156482 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
24018 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
206789 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
49602 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-26125414 USD
CY2014Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-23980220 USD
us-gaap Sales Revenue Net
SalesRevenueNet
4666399 USD
CY2013Q3 us-gaap Sales Revenue Net
SalesRevenueNet
1565851 USD
CY2014Q3 us-gaap Sales Revenue Net
SalesRevenueNet
1931671 USD
us-gaap Sales Revenue Net
SalesRevenueNet
5857946 USD
CY2013Q4 us-gaap Security Deposit
SecurityDeposit
46574 USD
CY2014Q3 us-gaap Security Deposit
SecurityDeposit
57641 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
272695 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
986195 USD
CY2013Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
63436 USD
CY2014Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
482045 USD
us-gaap Share Based Compensation
ShareBasedCompensation
359251 USD
us-gaap Share Based Compensation
ShareBasedCompensation
389002 USD
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P90D
CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
0.37
CY2014Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0 USD
CY2013Q1 us-gaap Stock Issued During Period Value Purchase Of Assets
StockIssuedDuringPeriodValuePurchaseOfAssets
4820 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
82110 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
112800 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
-1451026 USD
CY2014Q3 us-gaap Stockholders Equity
StockholdersEquity
2995258 USD
us-gaap Subscription Revenue
SubscriptionRevenue
724 USD
CY2014Q3 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
26813749 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
22116926 shares
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>
CY2014Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
69428993 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9034361 shares
CY2014Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
57350743 shares
CY2013Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12996717 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
9034361 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
50584635 shares
CY2014Q1 izea Classof Warrantor Right Expiration Period
ClassofWarrantorRightExpirationPeriod
P5Y
izea Entity Wide Revenue Number Of Major Customer
EntityWideRevenueNumberOfMajorCustomer
1 customer
izea Entity Wide Revenue Number Of Major Customer
EntityWideRevenueNumberOfMajorCustomer
1 customer
CY2014Q3 izea Entity Wide Revenue Number Of Major Customer
EntityWideRevenueNumberOfMajorCustomer
0 customer
CY2013Q3 izea Entity Wide Revenue Number Of Major Customer
EntityWideRevenueNumberOfMajorCustomer
2 customer
izea Fair Value Of Warrants Issued
FairValueOfWarrantsIssued
12382216 USD
izea Fairvalueofconvertiblenotespayablechangeinderivativefairvalue
Fairvalueofconvertiblenotespayablechangeinderivativefairvalue
765907 USD
CY2013Q3 izea Fairvalueofconvertiblenotespayablechangeinderivativefairvalue
Fairvalueofconvertiblenotespayablechangeinderivativefairvalue
422554 USD
CY2014Q3 izea Incremental Common Shares Attributableto Dilutive Effectfrom Converted Restricted Stock Units
IncrementalCommonSharesAttributabletoDilutiveEffectfromConvertedRestrictedStockUnits
1781503 shares
izea Incremental Common Shares Attributableto Dilutive Effectfrom Converted Restricted Stock Units
IncrementalCommonSharesAttributabletoDilutiveEffectfromConvertedRestrictedStockUnits
1742146 shares
CY2014Q3 izea Incremental Common Shares Attributableto Dilutive Effectfrom Inthe Money Warrants
IncrementalCommonSharesAttributabletoDilutiveEffectfromIntheMoneyWarrants
28953989 shares
izea Incremental Common Shares Attributableto Dilutive Effectfrom Inthe Money Warrants
IncrementalCommonSharesAttributabletoDilutiveEffectfromIntheMoneyWarrants
25746789 shares
izea Incremental Common Shares Attributableto Dilutive Effectfrom Inthe Money Warrants Options
IncrementalCommonSharesAttributabletoDilutiveEffectfromIntheMoneyWarrantsOptions
7706548 shares
CY2014Q3 izea Incremental Common Shares Attributableto Dilutive Effectfrom Inthe Money Warrants Options
IncrementalCommonSharesAttributabletoDilutiveEffectfromIntheMoneyWarrantsOptions
8156507 shares
izea Interest Expense Notes Payable
InterestExpenseNotesPayable
22397 USD
CY2013Q3 izea Interest Expense Notes Payable
InterestExpenseNotesPayable
3998 USD
CY2013Q3 izea Legal Fees Reduction Settledby Issuanceof Restricted Stock
LegalFeesReductionSettledbyIssuanceofRestrictedStock
288081 USD
izea Loss On Exchange Of Warrants
LossOnExchangeOfWarrants
94214 USD
izea Loss On Exchange Of Warrants
LossOnExchangeOfWarrants
0 USD
CY2014Q3 izea Loss On Exchange Of Warrants
LossOnExchangeOfWarrants
0 USD
CY2013Q3 izea Loss On Exchange Of Warrants
LossOnExchangeOfWarrants
93482 USD
izea Noncashor Part Noncash Conversionof Notesinto Common Stock
NoncashorPartNoncashConversionofNotesintoCommonStock
0 USD
izea Noncashor Part Noncash Conversionof Notesinto Common Stock
NoncashorPartNoncashConversionofNotesintoCommonStock
1501229 USD
CY2014Q3 izea Number Of Major Customers Accounting For More Than Ten Percent Of Accounts Receivables
NumberOfMajorCustomersAccountingForMoreThanTenPercentOfAccountsReceivables
0 customer
CY2013Q4 izea Number Of Major Customers Accounting For More Than Ten Percent Of Accounts Receivables
NumberOfMajorCustomersAccountingForMoreThanTenPercentOfAccountsReceivables
2 customer
CY2013Q4 izea Percentage Of Accounts Receivable Accounted For By Major Customer
PercentageOfAccountsReceivableAccountedForByMajorCustomer
0.23
izea Proceedsfromissuanceofcommonstockpreferredstockandwarrants
Proceedsfromissuanceofcommonstockpreferredstockandwarrants
10932912 USD
izea Proceedsfromissuanceofcommonstockpreferredstockandwarrants
Proceedsfromissuanceofcommonstockpreferredstockandwarrants
2032145 USD
izea Reclassificationofwarrantsfromliabilitytoequity
Reclassificationofwarrantsfromliabilitytoequity
3166482 USD
izea Reclassificationofwarrantsfromliabilitytoequity
Reclassificationofwarrantsfromliabilitytoequity
0 USD
izea Saleofcommonstockvaluenetofferingcosts
Saleofcommonstockvaluenetofferingcosts
10932188 USD
izea Share Based Compensation Arrangement By Share Based Payment Award Current Average Expected Forfeiture Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardCurrentAverageExpectedForfeitureRate
0.5021
izea Share Based Compensation Arrangement By Share Based Payment Award Current Average Expected Forfeiture Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardCurrentAverageExpectedForfeitureRate
0.0729
CY2013Q3 izea Share Based Compensation Arrangement By Share Based Payment Award Current Average Expected Forfeiture Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardCurrentAverageExpectedForfeitureRate
0.5021
CY2014Q3 izea Share Based Compensation Arrangement By Share Based Payment Award Current Average Expected Forfeiture Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardCurrentAverageExpectedForfeitureRate
0.0379
izea Warrants Issued In Financing Arrangement
WarrantsIssuedInFinancingArrangement
12382216 USD
izea Warrants Issued In Financing Arrangement
WarrantsIssuedInFinancingArrangement
2352108 USD
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Period End Date
DocumentPeriodEndDate
2014-09-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001495231
CY2014Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
57497631 shares
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2014Q2 dei Entity Public Float
EntityPublicFloat
22425149 USD
dei Entity Registrant Name
EntityRegistrantName
IZEA, INC.
dei Entity Voluntary Filers
EntityVoluntaryFilers
No
dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No

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0001495231-14-000049-xbrl.zip Edgar Link pending
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izea-20140930.xml Edgar Link completed
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izea-20140930_cal.xml Edgar Link unprocessable
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