$IZEA
IZEA Worldwide, Inc. Stock $izea

$izea Overview Financials Valuation SEC Filings Company Website

2016 Q2 Form 10-Q Financial Statement

#000149523116000083 Filed on May 11, 2016

Income Statement

Concept	2016 Q2	2016 Q1	2015 Q1
Revenue	$6.914M	$5.466M	$4.135M
YoY Change	49.4%	32.17%	111.31%
Cost Of Revenue	$3.418M	$3.101M	$2.441M
YoY Change	17.17%	27.03%	275.88%
Gross Profit	$3.495M	$2.365M	$1.694M
YoY Change	104.36%	39.59%	29.56%
Gross Profit Margin	50.56%	43.26%	40.96%
Selling, General & Admin	$5.137M	$4.940M	$3.442M
YoY Change	31.36%	43.51%	71.67%
% of Gross Profit	146.98%	208.9%	203.19%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$300.0K	$300.0K	$180.0K
YoY Change	36.36%	66.67%	800.0%
% of Gross Profit	8.58%	12.69%	10.63%
Operating Expenses	$5.137M	$4.940M	$3.442M
YoY Change	31.36%	43.51%	71.67%
Operating Profit	-$1.642M	-$2.575M	-$1.748M
YoY Change	-25.38%	47.32%	150.61%
Interest Expense	$11.41K	$21.34K	$18.77K
YoY Change	-68.65%	13.69%	108.16%
% of Operating Profit
Other Income/Expense, Net	$15.81K	-$17.54K	-$2.523M
YoY Change	-92.65%	-99.3%	-2068.12%
Pretax Income	-$1.630M	-$2.590M	-$4.270M
YoY Change	-18.09%	-39.34%	649.12%
Income Tax
% Of Pretax Income
Net Earnings	-$1.626M	-$2.593M	-$4.271M
YoY Change	-18.08%	-39.3%	650.19%
Net Earnings / Revenue	-23.52%	-47.43%	-103.27%
Basic Earnings Per Share			-$0.07
Diluted Earnings Per Share	-$304.7K	-$488.7K	-$0.07
COMMON SHARES
Basic Shares Outstanding	5.342M shares	5.340M shares	57.70M shares
Diluted Shares Outstanding			57.70M shares

Balance Sheet

Concept	2016 Q2	2016 Q1	2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$8.020M	$10.06M	$3.960M
YoY Change	217.0%	154.04%	-64.8%
Cash & Equivalents	$8.016M	$10.06M	$3.960M
Short-Term Investments
Other Short-Term Assets	$1.068K	$40.03K	$12.06K
YoY Change	-95.01%	232.02%	-83.85%
Inventory
Prepaid Expenses	$431.0K	$530.5K	$305.3K
Receivables	$4.668M	$2.976M	$2.526M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$13.12M	$13.61M	$6.804M
YoY Change	105.49%	100.06%	-44.95%
LONG-TERM ASSETS
Property, Plant & Equipment	$570.8K	$582.2K	$597.3K
YoY Change	-3.72%	-2.54%	215.19%
Goodwill	$2.468M	$2.468M	$2.827M
YoY Change	-13.21%	-12.67%
Intangibles	$1.420M	$1.610M	$2.271M
YoY Change	-33.09%	-29.1%
Long-Term Investments
YoY Change
Other Assets	$150.0K	$120.0K	$120.0K
YoY Change	25.0%	0.0%	140.0%
Total Long-Term Assets	$5.492M	$5.634M	$6.269M
YoY Change	-10.12%	-10.13%	674.75%
TOTAL ASSETS
Total Short-Term Assets	$13.12M	$13.61M	$6.804M
Total Long-Term Assets	$5.492M	$5.634M	$6.269M
Total Assets	$18.61M	$19.25M	$13.07M
YoY Change	48.95%	47.21%	-0.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$1.239M	$1.056M	$836.8K
YoY Change	16.53%	26.17%	3.63%
Accrued Expenses	$1.224M	$1.119M	$481.4K
YoY Change	112.05%	132.4%	40.61%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$0.00	$0.00	$50.00K
YoY Change	-100.0%	-100.0%	-16.67%
Total Short-Term Liabilities	$7.163M	$6.482M	$4.043M
YoY Change	31.91%	60.31%	78.94%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$0.00
YoY Change			-100.0%
Other Long-Term Liabilities	$80.00K	$90.00K	$8.890M
YoY Change	-99.08%	-98.99%	-37.13%
Total Long-Term Liabilities	$80.00K	$90.00K	$8.890M
YoY Change	-99.08%	-98.99%	-37.35%
TOTAL LIABILITIES
Total Short-Term Liabilities	$7.163M	$6.482M	$4.043M
Total Long-Term Liabilities	$80.00K	$90.00K	$8.890M
Total Liabilities	$7.243M	$6.569M	$12.93M
YoY Change	-48.54%	-49.19%	-21.37%
SHAREHOLDERS EQUITY
Retained Earnings	-$38.47M	-$36.84M	-$27.21M
YoY Change	31.75%	35.39%	1.94%
Common Stock	$536.00	$534.00	$5.770K
YoY Change	-90.73%	-90.75%	1.32%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$11.36M	$12.68M	$143.8K
YoY Change
Total Liabilities & Shareholders Equity	$18.61M	$19.25M	$13.07M
YoY Change	48.95%	47.21%	-0.72%

Cashflow Statement

Concept	2016 Q2	2016 Q1	2015 Q1
OPERATING ACTIVITIES
Net Income	-$1.626M	-$2.593M	-$4.271M
YoY Change	-18.08%	-39.3%	650.19%
Depreciation, Depletion And Amortization	$300.0K	$300.0K	$180.0K
YoY Change	36.36%	66.67%	800.0%
Cash From Operating Activities	-$1.900M	-$1.405M	-$1.528M
YoY Change	28.38%	-8.04%	6811.09%
INVESTING ACTIVITIES
Capital Expenditures	-$120.0K	$46.76K	$28.99K
YoY Change	200.0%	61.32%	203.1%
Acquisitions		$0.00	$995.3K
YoY Change		-100.0%
Other Investing Activities	-$30.00K	$0.00	-$1.000M
YoY Change	-133.33%	-100.0%
Cash From Investing Activities	-$160.0K	-$127.9K	-$1.024M
YoY Change	-500.0%	-87.51%	364.87%
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	-$10.91K	-$9.328K
YoY Change	100.0%	16.99%	-100.09%
NET CHANGE
Cash From Operating Activities	-1.900M	-$1.405M	-$1.528M
Cash From Investing Activities	-160.0K	-$127.9K	-$1.024M
Cash From Financing Activities	20.00K	-$10.91K	-$9.328K
Net Change In Cash	-2.040M	-$1.544M	-$2.562M
YoY Change	42.66%	-39.73%	-123.9%
FREE CASH FLOW
Cash From Operating Activities	-$1.900M	-$1.405M	-$1.528M
Capital Expenditures	-$120.0K	$46.76K	$28.99K
Free Cash Flow	-$1.780M	-$1.452M	-$1.557M
YoY Change	23.61%	-6.75%	4816.01%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2016Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2016Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2016
CY2016Q1	dei	Document Period End Date DocumentPeriodEndDate	2016-03-31
CY2016Q1	dei	Document Type DocumentType	10-Q
CY2016Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001495231
CY2016Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	5342153	shares
CY2016Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2016Q1	dei	Entity Filer Category EntityFilerCategory	Smaller Reporting Company
CY2015Q2	dei	Entity Public Float EntityPublicFloat	16510586	USD
CY2016Q1	dei	Entity Registrant Name EntityRegistrantName	IZEA, INC.
CY2016Q1	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2016Q1	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
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CY2016Q1	us-gaap	Liabilities Current LiabilitiesCurrent	6481647	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-9328	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-10913	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-1024271	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-127884	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-1528112	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-1405201	USD
CY2015Q1	us-gaap	Net Income Loss NetIncomeLoss	-4270912	USD
CY2016Q1	us-gaap	Net Income Loss NetIncomeLoss	-2592620	USD
CY2015Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-2522914	USD
CY2016Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-17537	USD
CY2015Q1	us-gaap	Operating Expenses OperatingExpenses	3442001	USD
CY2016Q1	us-gaap	Operating Expenses OperatingExpenses	4939664	USD
CY2015Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-1747998	USD
CY2016Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-2575083	USD
CY2015Q4	us-gaap	Other Assets Current OtherAssetsCurrent	16853	USD
CY2016Q1	us-gaap	Other Assets Current OtherAssetsCurrent	40028	USD
CY2015Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	1807	USD
CY2016Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	950	USD
CY2015Q1	us-gaap	Payment Of Financing And Stock Issuance Costs PaymentOfFinancingAndStockIssuanceCosts	0	USD
CY2016Q1	us-gaap	Payment Of Financing And Stock Issuance Costs PaymentOfFinancingAndStockIssuanceCosts	3622	USD
CY2015Q3	us-gaap	Payments To Acquire Businesses Gross PaymentsToAcquireBusinessesGross	1200000	USD
CY2015Q1	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	995286	USD
CY2016Q1	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	0	USD
CY2015Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	28985	USD
CY2016Q1	us-gaap	Payments To Develop Software PaymentsToDevelopSoftware	82921	USD
CY2016Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	46760	USD
CY2015Q1	us-gaap	Payments To Develop Software PaymentsToDevelopSoftware	0	USD
CY2016Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2016Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2015Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	193455	USD
CY2016Q1	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	530485	USD
CY2015Q1	us-gaap	Proceeds From Issuance Of Warrants ProceedsFromIssuanceOfWarrants	100	USD
CY2015Q1	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	5264	USD
CY2016Q1	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	0	USD
CY2015Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	596008	USD
CY2016Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	582173	USD
CY2015Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	0	USD
CY2016Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	51000	USD
CY2015Q1	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable	14592	USD
CY2016Q1	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable	7291	USD
CY2015Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-34249521	USD
CY2016Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-36842141	USD
CY2015Q1	us-gaap	Sales Revenue Net SalesRevenueNet	4135494	USD
CY2016Q1	us-gaap	Sales Revenue Net SalesRevenueNet	5465950	USD
CY2015Q4	us-gaap	Security Deposit SecurityDeposit	117946	USD
CY2016Q1	us-gaap	Security Deposit SecurityDeposit	116149	USD
CY2015Q1	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	1581487	USD
CY2016Q1	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	2359663	USD
CY2015Q1	us-gaap	Share Based Compensation ShareBasedCompensation	142331	USD
CY2016Q1	us-gaap	Share Based Compensation ShareBasedCompensation	204972	USD
CY2016Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice	7.14
CY2016Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue	835350	USD
CY2016Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1	579371	USD
CY2016Q1	us-gaap	Stock Issued During Period Shares Issued For Services StockIssuedDuringPeriodSharesIssuedForServices	4055	shares
CY2016Q1	us-gaap	Stock Issued During Period Value Acquisitions StockIssuedDuringPeriodValueAcquisitions	848832	USD
CY2016Q1	us-gaap	Stock Issued During Period Value Issued For Services StockIssuedDuringPeriodValueIssuedForServices	31250	USD
CY2015Q4	us-gaap	Stockholders Equity StockholdersEquity	14187041	USD
CY2016Q1	us-gaap	Stockholders Equity StockholdersEquity	12675853	USD
CY2015Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	2884883	shares
CY2016Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	5300520	shares
CY2016Q1	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 content 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, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2015</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;">$111,000</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$118,000</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>
CY2016Q1	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, 2016</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;">26%</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, 2015</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 which accounted for </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">13%</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;">24%</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, 2016</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;">12%</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, 2015</font><font style="font-family:inherit;font-size:10pt;">.</font></div></div>
CY2016Q1	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
0001495231-16-000083-index-headers.html	Edgar Link	pending
0001495231-16-000083-index.html	Edgar Link	pending
0001495231-16-000083.txt	Edgar Link	pending
0001495231-16-000083-xbrl.zip	Edgar Link	pending
exhibit311nvmerger20160405.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
izea-20160331.xml	Edgar Link	completed
izea-20160331.xsd	Edgar Link	pending
izea-20160331_cal.xml	Edgar Link	unprocessable
izea-20160331_def.xml	Edgar Link	unprocessable
izea-20160331_lab.xml	Edgar Link	unprocessable
izea-20160331_pre.xml	Edgar Link	unprocessable
izea16033110q.htm	Edgar Link	pending
izea160331ex311.htm	Edgar Link	pending
izea160331ex312.htm	Edgar Link	pending
izea160331ex321.htm	Edgar Link	pending
izea160331ex322.htm	Edgar Link	pending
nvmergerpg1.jpg	Edgar Link	pending
nvmergerpg2.jpg	Edgar Link	pending
nvmergerpg3.jpg	Edgar Link	pending
nvmergerpg4.jpg	Edgar Link	pending
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report.css	Edgar Link	pending
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$IZEA
IZEA Worldwide, Inc. Stock $izea

2016 Q2 Form 10-Q Financial Statement

#000149523116000083 Filed on May 11, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$IZEA IZEA Worldwide, Inc. Stock $izea

2016 Q2 Form 10-Q Financial Statement

#000149523116000083 Filed on May 11, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$IZEA
IZEA Worldwide, Inc. Stock $izea