$IZEA
IZEA Worldwide, Inc. Stock $izea

$izea Overview Financials Valuation SEC Filings Company Website

2015 Q1 Form 10-Q Financial Statement

#000149523115000035 Filed on May 14, 2015

Income Statement

Concept	2015 Q1	2014 Q1
Revenue	$4.135M	$1.957M
YoY Change	111.31%	41.27%
Cost Of Revenue	$2.441M	$649.5K
YoY Change	275.88%	12.75%
Gross Profit	$1.694M	$1.308M
YoY Change	29.56%	61.59%
Gross Profit Margin	40.96%	66.81%
Selling, General & Admin	$3.442M	$2.005M
YoY Change	71.67%	20.15%
% of Gross Profit	203.19%	153.35%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$180.0K	$20.00K
YoY Change	800.0%	0.0%
% of Gross Profit	10.63%	1.53%
Operating Expenses	$3.442M	$2.005M
YoY Change	71.67%	20.15%
Operating Profit	-$1.748M	-$697.5K
YoY Change	150.61%	-18.86%
Interest Expense	$18.77K	$9.017K
YoY Change	108.16%	-41.7%
% of Operating Profit
Other Income/Expense, Net	-$2.523M	$128.2K
YoY Change	-2068.12%	-628.79%
Pretax Income	-$4.270M	-$570.0K
YoY Change	649.12%	-35.23%
Income Tax		$0.00
% Of Pretax Income
Net Earnings	-$4.271M	-$569.3K
YoY Change	650.19%	-35.59%
Net Earnings / Revenue	-103.27%	-29.09%
Basic Earnings Per Share	-$0.07	-$0.02
Diluted Earnings Per Share	-$0.07	-$0.02
COMMON SHARES
Basic Shares Outstanding	57.70M shares	37.14M shares
Diluted Shares Outstanding	57.70M shares	37.14M shares

Balance Sheet

Concept	2015 Q1	2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$3.960M	$11.25M
YoY Change	-64.8%	8553.85%
Cash & Equivalents	$3.960M	$11.25M
Short-Term Investments
Other Short-Term Assets	$12.06K	$74.67K
YoY Change	-83.85%	757.98%
Inventory
Prepaid Expenses	$305.3K	$97.47K
Receivables	$2.526M	$929.8K
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$6.804M	$12.36M
YoY Change	-44.95%	1279.03%
LONG-TERM ASSETS
Property, Plant & Equipment	$597.3K	$189.5K
YoY Change	215.19%	87.31%
Goodwill	$2.827M
YoY Change
Intangibles	$2.271M
YoY Change
Long-Term Investments
YoY Change
Other Assets	$120.0K	$50.00K
YoY Change	140.0%	400.0%
Total Long-Term Assets	$6.269M	$809.2K
YoY Change	674.75%	575.15%
TOTAL ASSETS
Total Short-Term Assets	$6.804M	$12.36M
Total Long-Term Assets	$6.269M	$809.2K
Total Assets	$13.07M	$13.17M
YoY Change	-0.72%	1196.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$836.8K	$807.5K
YoY Change	3.63%	-41.94%
Accrued Expenses	$481.4K	$342.3K
YoY Change	40.61%	37.61%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$50.00K	$60.00K
YoY Change	-16.67%	200.0%
Total Short-Term Liabilities	$4.043M	$2.259M
YoY Change	78.94%	-23.4%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$50.00K
YoY Change	-100.0%	400.0%
Other Long-Term Liabilities	$8.890M	$14.14M
YoY Change	-37.13%	141300.0%
Total Long-Term Liabilities	$8.890M	$14.19M
YoY Change	-37.35%	70850.0%
TOTAL LIABILITIES
Total Short-Term Liabilities	$4.043M	$2.259M
Total Long-Term Liabilities	$8.890M	$14.19M
Total Liabilities	$12.93M	$16.44M
YoY Change	-21.37%	454.53%
SHAREHOLDERS EQUITY
Retained Earnings	-$27.21M	-$26.69M
YoY Change	1.94%	12.7%
Common Stock	$5.770K	$5.695K
YoY Change	1.32%	697.62%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$143.8K	-$3.275M
YoY Change
Total Liabilities & Shareholders Equity	$13.07M	$13.17M
YoY Change	-0.72%	1196.0%

Cashflow Statement

Concept	2015 Q1	2014 Q1
OPERATING ACTIVITIES
Net Income	-$4.271M	-$569.3K
YoY Change	650.19%	-35.59%
Depreciation, Depletion And Amortization	$180.0K	$20.00K
YoY Change	800.0%	0.0%
Cash From Operating Activities	-$1.528M	-$22.11K
YoY Change	6811.09%	-96.83%
INVESTING ACTIVITIES
Capital Expenditures	$28.99K	$9.563K
YoY Change	203.1%
Acquisitions	$995.3K	$0.00
YoY Change
Other Investing Activities	-$1.000M	$0.00
YoY Change
Cash From Investing Activities	-$1.024M	-$220.3K
YoY Change	364.87%	-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	-$9.328K	$10.96M
YoY Change	-100.09%	6515.45%
NET CHANGE
Cash From Operating Activities	-$1.528M	-$22.11K
Cash From Investing Activities	-$1.024M	-$220.3K
Cash From Financing Activities	-$9.328K	$10.96M
Net Change In Cash	-$2.562M	$10.72M
YoY Change	-123.9%	-2131.46%
FREE CASH FLOW
Cash From Operating Activities	-$1.528M	-$22.11K
Capital Expenditures	$28.99K	$9.563K
Free Cash Flow	-$1.557M	-$31.67K
YoY Change	4816.01%	-95.46%

Facts In Submission

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CY2015Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2015
CY2015Q1	dei	Document Period End Date DocumentPeriodEndDate	2015-03-31
CY2015Q1	dei	Document Type DocumentType	10-Q
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CY2014Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-220334	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-1024271	USD
CY2014Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-22111	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-1528112	USD
CY2014Q1	us-gaap	Net Income Loss NetIncomeLoss	-569311	USD
CY2015Q1	us-gaap	Net Income Loss NetIncomeLoss	-4270912	USD
CY2014Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	128189	USD
CY2015Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-2522914	USD
CY2014Q1	us-gaap	Operating Expenses OperatingExpenses	2005007	USD
CY2015Q1	us-gaap	Operating Expenses OperatingExpenses	3442001	USD
CY2014Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-697500	USD
CY2015Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-1747998	USD
CY2014Q4	us-gaap	Other Assets Current OtherAssetsCurrent	61424	USD
CY2015Q1	us-gaap	Other Assets Current OtherAssetsCurrent	12056	USD
CY2014Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	1605	USD
CY2015Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	1807	USD
CY2014Q1	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	0	USD
CY2015Q1	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	995286	USD
CY2014Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	9563	USD
CY2015Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	28985	USD
CY2014Q1	us-gaap	Payments To Develop Software PaymentsToDevelopSoftware	206529	USD
CY2015Q1	us-gaap	Payments To Develop Software PaymentsToDevelopSoftware	0	USD
CY2015Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2015Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2014Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	190604	USD
CY2015Q1	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	305341	USD
CY2015Q1	us-gaap	Proceeds From Issuance Of Warrants ProceedsFromIssuanceOfWarrants	100	USD
CY2014Q1	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	0	USD
CY2015Q1	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	5264	USD
CY2014Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	588919	USD
CY2015Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	597332	USD
CY2014Q1	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable	19845	USD
CY2015Q1	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable	14592	USD
CY2014Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-22941350	USD
CY2015Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-27212262	USD
CY2014Q1	us-gaap	Sales Revenue Net SalesRevenueNet	1957040	USD
CY2015Q1	us-gaap	Sales Revenue Net SalesRevenueNet	4135494	USD
CY2014Q4	us-gaap	Security Deposit SecurityDeposit	100641	USD
CY2015Q1	us-gaap	Security Deposit SecurityDeposit	119194	USD
CY2014Q1	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	912786	USD
CY2015Q1	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	1581487	USD
CY2014Q1	us-gaap	Share Based Compensation ShareBasedCompensation	115338	USD
CY2015Q1	us-gaap	Share Based Compensation ShareBasedCompensation	142331	USD
CY2014Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1 ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1	P90D
CY2015Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice	0.40
CY2014Q4	us-gaap	Stockholders Equity StockholdersEquity	4259475	USD
CY2015Q1	us-gaap	Stockholders Equity StockholdersEquity	143758	USD
CY2015Q1	us-gaap	Subscription Revenue SubscriptionRevenue	5164	USD
CY2014Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	37135738	shares
CY2015Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	57697666	shares
CY2014Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	37135738	shares
CY2015Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	57697666	shares
CY2015Q1	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, 2015</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2014</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;">$118,000</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$31,000</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>
CY2015Q1	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, 2015</font><font style="font-family:inherit;font-size:10pt;">, the Company had </font><font style="font-family:Times New Roman;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;">24%</font><font style="font-family:inherit;font-size:10pt;"> of total accounts receivable in the aggregate. At </font><font style="font-family:inherit;font-size:10pt;">December 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;">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;">29%</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;">no</font><font style="font-family:inherit;font-size:10pt;"> customers that accounted for more than </font><font style="font-family:inherit;font-size:10pt;">10%</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;">March 31, 2015</font><font style="font-family:inherit;font-size:10pt;">. The Company had </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;">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;">.</font></div></div>
CY2015Q1	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%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain items have been reclassified in the 2014 financial statements to conform to the 2015 presentation. The Company has reclassified wages and other expenses related to its sales and marketing personnel out of general and administrative expense and into sales and marketing expense</font></div></div>
CY2015Q1	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>

Files In Submission

Name	View Source	Status
0001495231-15-000035-index-headers.html	Edgar Link	pending
0001495231-15-000035-index.html	Edgar Link	pending
0001495231-15-000035.txt	Edgar Link	pending
0001495231-15-000035-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xls	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
izea-20150331.xml	Edgar Link	completed
izea-20150331.xsd	Edgar Link	pending
izea-20150331_cal.xml	Edgar Link	unprocessable
izea-20150331_def.xml	Edgar Link	unprocessable
izea-20150331_lab.xml	Edgar Link	unprocessable
izea-20150331_pre.xml	Edgar Link	unprocessable
izea15033110q.htm	Edgar Link	pending
izea150331ex311.htm	Edgar Link	pending
izea150331ex312.htm	Edgar Link	pending
izea150331ex321.htm	Edgar Link	pending
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$IZEA
IZEA Worldwide, Inc. Stock $izea

2015 Q1 Form 10-Q Financial Statement

#000149523115000035 Filed on May 14, 2015

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$IZEA IZEA Worldwide, Inc. Stock $izea

2015 Q1 Form 10-Q Financial Statement

#000149523115000035 Filed on May 14, 2015

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$IZEA
IZEA Worldwide, Inc. Stock $izea