2016 Q4 Form 10-Q Financial Statement

#000149523116000146 Filed on November 14, 2016

View on sec.gov

Income Statement

Concept 2016 Q4 2016 Q3 2015 Q3
Revenue $1.360M $7.497M $5.442M
YoY Change -78.27% 37.75% 181.75%
Cost Of Revenue $30.00K $3.927M $3.290M
YoY Change -99.16% 19.35% 375.35%
Gross Profit $1.330M $3.570M $2.152M
YoY Change -50.19% 65.88% 73.62%
Gross Profit Margin 97.79% 47.62% 39.54%
Selling, General & Admin $2.750M $5.039M $3.039M
YoY Change -44.89% 65.83% 8.44%
% of Gross Profit 206.77% 141.16% 141.2%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $370.0K $330.0K $230.0K
YoY Change 516.67% 43.48% 666.67%
% of Gross Profit 27.82% 9.24% 10.69%
Operating Expenses $3.120M $5.039M $3.039M
YoY Change -38.34% 65.83% 8.44%
Operating Profit -$1.790M -$1.469M -$886.6K
YoY Change -25.1% 65.71% -43.27%
Interest Expense -$30.00K $25.51K $31.19K
YoY Change 50.0% -18.21% 465.16%
% of Operating Profit
Other Income/Expense, Net -$10.00K -$42.45K -$1.759M
YoY Change -97.59% -178.22%
Pretax Income -$1.830M -$1.510M -$2.650M
YoY Change -24.07% -43.02% -484.06%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$1.830M -$1.512M -$2.645M
YoY Change -24.07% -42.85% -485.94%
Net Earnings / Revenue -134.56% -20.16% -48.6%
Basic Earnings Per Share -$0.03
Diluted Earnings Per Share -$335.8K -$278.6K -$0.03
COMMON SHARES
Basic Shares Outstanding 5.450M shares 5.450M shares 81.51M shares
Diluted Shares Outstanding 81.51M shares

Balance Sheet

Concept 2016 Q4 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.950M $6.600M $13.27M
YoY Change -48.75% -50.26% 68.4%
Cash & Equivalents $5.949M $6.599M $13.27M
Short-Term Investments
Other Short-Term Assets $11.94K $14.54K $13.32K
YoY Change -29.15% 9.18% -91.17%
Inventory
Prepaid Expenses $322.4K $287.6K $745.4K
Receivables $3.746M $4.573M $3.048M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $10.03M $11.47M $17.08M
YoY Change -36.27% -32.82% 70.94%
LONG-TERM ASSETS
Property, Plant & Equipment $460.7K $532.4K $595.5K
YoY Change -22.71% -10.61% 115.84%
Goodwill $3.605M $3.605M $2.468M
YoY Change 46.04% 46.04%
Intangibles $1.663M $1.912M $1.975M
YoY Change -7.95% -3.15%
Long-Term Investments
YoY Change
Other Assets $160.0K $160.0K $120.0K
YoY Change 33.33% 33.33% 100.0%
Total Long-Term Assets $6.994M $7.200M $5.572M
YoY Change 20.53% 29.23% 589.87%
TOTAL ASSETS
Total Short-Term Assets $10.03M $11.47M $17.08M
Total Long-Term Assets $6.994M $7.200M $5.572M
Total Assets $17.02M $18.67M $22.65M
YoY Change -20.97% -17.56% 109.75%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.438M $1.259M $941.0K
YoY Change 44.52% 33.79% 46.42%
Accrued Expenses $1.243M $1.164M $1.151M
YoY Change 36.8% 1.1% 154.73%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00 $20.00K
YoY Change -100.0% -100.0% -66.67%
Total Short-Term Liabilities $7.284M $7.296M $5.311M
YoY Change 14.61% 37.37% 131.84%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities $750.0K $750.0K $1.100M
YoY Change -25.0% -31.82% -80.0%
Total Long-Term Liabilities $750.0K $750.0K $1.100M
YoY Change -25.0% -31.82% -80.07%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.284M $7.296M $5.311M
Total Long-Term Liabilities $750.0K $750.0K $1.100M
Total Liabilities $8.035M $8.050M $6.407M
YoY Change 9.29% 25.65% -17.91%
SHAREHOLDERS EQUITY
Retained Earnings -$41.81M -$39.98M -$31.84M
YoY Change 22.07% 25.56% 32.79%
Common Stock $545.00 $545.00 $10.40K
YoY Change 4.41% -94.76% 80.87%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $8.988M $10.62M $16.24M
YoY Change
Total Liabilities & Shareholders Equity $17.02M $18.67M $22.65M
YoY Change -20.97% -17.56% 109.75%

Cashflow Statement

Concept 2016 Q4 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income -$1.830M -$1.512M -$2.645M
YoY Change -24.07% -42.85% -485.94%
Depreciation, Depletion And Amortization $370.0K $330.0K $230.0K
YoY Change 516.67% 43.48% 666.67%
Cash From Operating Activities -$500.0K -$910.0K -$2.030M
YoY Change -51.46% -55.17% 7.98%
INVESTING ACTIVITIES
Capital Expenditures -$160.0K -$180.0K -$80.00K
YoY Change -67.35% 125.0% 0.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$340.0K $0.00
YoY Change -100.0%
Cash From Investing Activities -$170.0K -$510.0K -$70.00K
YoY Change -74.24% 628.57% -12.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 30.00K -10.00K 12.84M
YoY Change 0.0% -100.08% 14166.67%
NET CHANGE
Cash From Operating Activities -500.0K -910.0K -2.030M
Cash From Investing Activities -170.0K -510.0K -70.00K
Cash From Financing Activities 30.00K -10.00K 12.84M
Net Change In Cash -640.0K -1.430M 10.74M
YoY Change -61.45% -113.31% -674.33%
FREE CASH FLOW
Cash From Operating Activities -$500.0K -$910.0K -$2.030M
Capital Expenditures -$160.0K -$180.0K -$80.00K
Free Cash Flow -$340.0K -$730.0K -$1.950M
YoY Change -37.04% -62.56% 8.33%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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
2016
dei Document Period End Date
DocumentPeriodEndDate
2016-09-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001495231
CY2016Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
5450005 shares
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2016Q2 dei Entity Public Float
EntityPublicFloat
25058698 USD
dei Entity Registrant Name
EntityRegistrantName
IZEA, INC.
dei Entity Voluntary Filers
EntityVoluntaryFilers
No
dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2015Q4 izea Acquisition Costs Payable Current
AcquisitionCostsPayableCurrent
844931 USD
CY2016Q3 izea Acquisition Costs Payable Current
AcquisitionCostsPayableCurrent
1082964 USD
CY2015Q4 izea Acquisition Costs Payable Noncurrent
AcquisitionCostsPayableNoncurrent
889080 USD
CY2016Q3 izea Acquisition Costs Payable Noncurrent
AcquisitionCostsPayableNoncurrent
683219 USD
izea Acquisitioncostspaidthroughissuanceofcommonstock
Acquisitioncostspaidthroughissuanceofcommonstock
250000 USD
izea Acquisitioncostspaidthroughissuanceofcommonstock
Acquisitioncostspaidthroughissuanceofcommonstock
1448832 USD
izea Acquisitioncostspayableforassetsacquired
Acquisitioncostspayableforassetsacquired
3942639 USD
izea Acquisitioncostspayableforassetsacquired
Acquisitioncostspayableforassetsacquired
0 USD
CY2015Q3 izea Bad Debt Expense Percentageof Revenues
BadDebtExpensePercentageofRevenues
0.01
izea Bad Debt Expense Percentageof Revenues
BadDebtExpensePercentageofRevenues
0.01
CY2016Q3 izea Bad Debt Expense Percentageof Revenues
BadDebtExpensePercentageofRevenues
0.01
izea Bad Debt Expense Percentageof Revenues
BadDebtExpensePercentageofRevenues
0.01
CY2015Q3 izea Classofwarrantorrightaverageexercisepriceofwarrantsorrights
Classofwarrantorrightaverageexercisepriceofwarrantsorrights
5.87
CY2015Q3 izea Entity Wide Revenue Number Of Major Customer
EntityWideRevenueNumberOfMajorCustomer
1 customer
izea Entity Wide Revenue Number Of Major Customer
EntityWideRevenueNumberOfMajorCustomer
1 customer
CY2016Q3 izea Entity Wide Revenue Number Of Major Customer
EntityWideRevenueNumberOfMajorCustomer
0 customer
izea Entity Wide Revenue Number Of Major Customer
EntityWideRevenueNumberOfMajorCustomer
1 customer
CY2015Q1 izea Fair Value Of Warrants Issued
FairValueOfWarrantsIssued
7700 USD
izea Fair Value Of Warrants Issued
FairValueOfWarrantsIssued
44250 USD
izea Fairvalueofcommonstockissuedforfutureservices
Fairvalueofcommonstockissuedforfutureservices
0 USD
izea Fairvalueofcommonstockissuedforfutureservices
Fairvalueofcommonstockissuedforfutureservices
31962 USD
izea Fairvalueofwarrantsreclassifiedfromliabilitytoequity
Fairvalueofwarrantsreclassifiedfromliabilitytoequity
6530046 USD
izea Fairvalueofwarrantsreclassifiedfromliabilitytoequity
Fairvalueofwarrantsreclassifiedfromliabilitytoequity
0 USD
izea Gainonchangeinvalueofcontingentacquisitioncostspayable.1
Gainonchangeinvalueofcontingentacquisitioncostspayable.1
1734300 USD
izea Gainonchangeinvalueofcontingentacquisitioncostspayable.1
Gainonchangeinvalueofcontingentacquisitioncostspayable.1
0 USD
CY2015Q3 izea Loss On Exchange Of Warrants
LossOnExchangeOfWarrants
1845810 USD
izea Loss On Exchange Of Warrants
LossOnExchangeOfWarrants
1845810 USD
CY2016Q3 izea Loss On Exchange Of Warrants
LossOnExchangeOfWarrants
0 USD
izea Loss On Exchange Of Warrants
LossOnExchangeOfWarrants
0 USD
CY2015Q4 izea Number Of Major Customers Accounting For More Than Ten Percent Of Accounts Receivables
NumberOfMajorCustomersAccountingForMoreThanTenPercentOfAccountsReceivables
1 customer
CY2016Q3 izea Number Of Major Customers Accounting For More Than Ten Percent Of Accounts Receivables
NumberOfMajorCustomersAccountingForMoreThanTenPercentOfAccountsReceivables
1 customer
CY2015Q3 izea Numberofsharesavailabletoberepurchasedatendofexercisepriceofferperiod
Numberofsharesavailabletoberepurchasedatendofexercisepriceofferperiod
2191547 shares
CY2015Q4 izea Percentage Of Accounts Receivable Accounted For By Major Customer
PercentageOfAccountsReceivableAccountedForByMajorCustomer
0.13
CY2011Q3 izea Percentageofindividualownershipofcommonstock
Percentageofindividualownershipofcommonstock
0.1
CY2015Q3 izea Percentageofwarrantsheldbeinvestorstoparticipateinwarrantexerciseoffer
Percentageofwarrantsheldbeinvestorstoparticipateinwarrantexerciseoffer
0.70
CY2015Q3 izea Share Based Compensation Arrangement By Share Based Payment Award Current Average Expected Forfeiture Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardCurrentAverageExpectedForfeitureRate
0.1537
izea Share Based Compensation Arrangement By Share Based Payment Award Current Average Expected Forfeiture Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardCurrentAverageExpectedForfeitureRate
0.1237
CY2016Q3 izea Share Based Compensation Arrangement By Share Based Payment Award Current Average Expected Forfeiture Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardCurrentAverageExpectedForfeitureRate
0.0787
izea Share Based Compensation Arrangement By Share Based Payment Award Current Average Expected Forfeiture Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardCurrentAverageExpectedForfeitureRate
0.1074
izea Warrants Issued In Financing Arrangement
WarrantsIssuedInFinancingArrangement
51950 USD
izea Warrants Issued In Financing Arrangement
WarrantsIssuedInFinancingArrangement
0 USD
CY2015Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
995275 USD
CY2016Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
1258981 USD
CY2015Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
3917925 USD
CY2016Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
4572721 USD
CY2015Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
908519 USD
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
576144 USD
CY2016Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1164139 USD
CY2015Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
445971 USD
CY2016Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
50602881 USD
CY2016Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
562128 USD
CY2015Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
48436040 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
481187 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
744725 USD
CY2015Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2383283 shares
us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
22493 USD
CY2015Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
139000 USD
CY2016Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
294000 USD
CY2015Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
139000 USD
CY2016Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
294000 USD
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3110400 shares
CY2016Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1462129 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1424365 shares
CY2015Q4 us-gaap Assets
Assets
21539051 USD
CY2016Q3 us-gaap Assets
Assets
18673613 USD
CY2015Q4 us-gaap Assets Current
AssetsCurrent
15736685 USD
CY2016Q3 us-gaap Assets Current
AssetsCurrent
11473766 USD
CY2015Q4 us-gaap Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
7291 USD
CY2016Q3 us-gaap Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
0 USD
CY2015Q4 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
207514 USD
CY2016Q3 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
336491 USD
CY2015Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
813932 USD
CY2016Q3 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
989745 USD
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
6521930 USD
CY2015Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
13273048 USD
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
11608452 USD
CY2016Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
6598901 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
6751118 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-5009551 USD
CY2015Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
10.20
CY2015Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
10.20
CY2015Q2 us-gaap Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
12500 shares
CY2015Q1 us-gaap Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
5000 shares
CY2015Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2016Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2015Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2016Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2015Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
5222951 shares
CY2016Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
5450005 shares
CY2015Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
5222951 shares
CY2016Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
5450005 shares
CY2015Q4 us-gaap Common Stock Value
CommonStockValue
522 USD
CY2016Q3 us-gaap Common Stock Value
CommonStockValue
545 USD
CY2016Q3 us-gaap Concentration Risk Market Risk
ConcentrationRiskMarketRisk
more than 10%
CY2015Q3 us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
0.14
us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
0.14
us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
0.11
CY2015Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
3290457 USD
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
8649308 USD
CY2016Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
3927279 USD
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
10447035 USD
CY2015Q4 us-gaap Deferred Rent Credit Current
DeferredRentCreditCurrent
14662 USD
CY2016Q3 us-gaap Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
71074 USD
CY2015Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
3584527 USD
CY2016Q3 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
3746494 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
149873 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
190338 USD
CY2015Q3 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
115904 USD
CY2016Q3 us-gaap Deferred Rent Credit Current
DeferredRentCreditCurrent
43305 USD
CY2015Q4 us-gaap Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
102665 USD
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-2139540 USD
CY2016Q3 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-14705 USD
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
14568 USD
us-gaap Derivative Gain On Derivative
DerivativeGainOnDerivative
9608 USD
CY2015Q4 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
5060 USD
CY2016Q3 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
100 USD
CY2016Q3 us-gaap Derivative Loss On Derivative
DerivativeLossOnDerivative
15936 USD
CY2015Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.65
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-2.71
CY2016Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.28
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.07
us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
-2139540 USD
us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
14568 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
730278 USD
CY2016Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1346026 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-595 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
484 USD
CY2015Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1056473 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
5081367 USD
CY2016Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2454555 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
7559302 USD
CY2015Q4 us-gaap Goodwill
Goodwill
2468289 USD
CY2016Q3 us-gaap Goodwill
Goodwill
3604720 USD
CY2015Q3 us-gaap Gross Profit
GrossProfit
2152000 USD
us-gaap Gross Profit
GrossProfit
5556385 USD
CY2016Q3 us-gaap Gross Profit
GrossProfit
3569693 USD
us-gaap Gross Profit
GrossProfit
9429576 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
87043 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
263706 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
611400 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
472612 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
726643 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-142156 USD
us-gaap Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
557927 USD
us-gaap Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
161967 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
1644 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-2948 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
465191 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
51792 USD
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
-477 USD
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
-42637 USD
CY2015Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1806191 USD
CY2016Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1912443 USD
CY2015Q3 us-gaap Interest Expense
InterestExpense
31191 USD
us-gaap Interest Expense
InterestExpense
86354 USD
CY2016Q3 us-gaap Interest Expense
InterestExpense
25511 USD
us-gaap Interest Expense
InterestExpense
58261 USD
us-gaap Interest Paid
InterestPaid
5805 USD
us-gaap Interest Paid
InterestPaid
47045 USD
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
136592 USD
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
107440 USD
CY2015Q4 us-gaap Liabilities
Liabilities
7352010 USD
CY2016Q3 us-gaap Liabilities
Liabilities
8050276 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
21539051 USD
CY2016Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
18673613 USD
CY2015Q4 us-gaap Liabilities Current
LiabilitiesCurrent
6355205 USD
CY2016Q3 us-gaap Liabilities Current
LiabilitiesCurrent
7295883 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
12840885 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
4803 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1051642 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-798546 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-5038125 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-4215808 USD
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
-2645087 USD
us-gaap Net Income Loss
NetIncomeLoss
-8901290 USD
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
-1511603 USD
us-gaap Net Income Loss
NetIncomeLoss
-5730568 USD
CY2015Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-1758526 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-4066184 USD
CY2016Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-42454 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-44178 USD
CY2015Q3 us-gaap Operating Expenses
OperatingExpenses
3038561 USD
us-gaap Operating Expenses
OperatingExpenses
10391491 USD
CY2016Q3 us-gaap Operating Expenses
OperatingExpenses
5038842 USD
us-gaap Operating Expenses
OperatingExpenses
15115966 USD
CY2015Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-886561 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-4835106 USD
CY2016Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-1469149 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-5686390 USD
CY2015Q4 us-gaap Other Assets Current
OtherAssetsCurrent
16853 USD
CY2016Q3 us-gaap Other Assets Current
OtherAssetsCurrent
14540 USD
CY2015Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2571 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
5520 USD
CY2016Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-2238 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-485 USD
us-gaap Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
0 USD
CY2015Q3 us-gaap Sales Revenue Net
SalesRevenueNet
5442457 USD
us-gaap Sales Revenue Net
SalesRevenueNet
14205693 USD
us-gaap Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
22493 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
905586 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
329468 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
145579 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
121651 USD
us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
0 USD
us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
304790 USD
CY2016Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2016Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2015Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
193455 USD
CY2016Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
287604 USD
CY2015Q1 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
100 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
12886950 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
34587 USD
CY2015Q3 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
12861057 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
596008 USD
CY2016Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
532356 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
36000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
155000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
46065 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
7291 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-34249521 USD
CY2016Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-39980089 USD
CY2016Q3 us-gaap Sales Revenue Net
SalesRevenueNet
7496972 USD
us-gaap Sales Revenue Net
SalesRevenueNet
19876611 USD
CY2015Q4 us-gaap Security Deposit
SecurityDeposit
117946 USD
CY2016Q3 us-gaap Security Deposit
SecurityDeposit
160583 USD
CY2015Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
1982088 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
5310124 USD
CY2016Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
2584287 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
7556664 USD
us-gaap Share Based Compensation
ShareBasedCompensation
511202 USD
us-gaap Share Based Compensation
ShareBasedCompensation
576144 USD
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
5.87
CY2016Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
307121 USD
CY2016Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
251330 USD
us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
5340 shares
CY2016Q2 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
749 shares
us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
1448832 USD
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
34587 USD
us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
129794 USD
CY2016Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
4794 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
14187041 USD
CY2016Q3 us-gaap Stockholders Equity
StockholdersEquity
10623337 USD
CY2015Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
4075605 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
3286431 shares
CY2016Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
5420020 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
5357119 shares
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;">three months</font><font style="font-family:inherit;font-size:10pt;"> ended </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;"> were approximately </font><font style="font-family:inherit;font-size:10pt;">$74,000</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$199,000</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, 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;">$291,000</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$411,000</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 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&#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, 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;">one</font><font style="font-family:inherit;font-size:10pt;"> customer which accounted for </font><font style="font-family:inherit;font-size:10pt;">more than 10%</font><font style="font-family:inherit;font-size:10pt;"> of total accounts receivable. At </font><font style="font-family:inherit;font-size:10pt;">December&#160;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. 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 </font><font style="font-family:inherit;font-size:10pt;">more than 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;">September&#160;30, 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;">14%</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;">September&#160;30, 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 that accounted for </font><font style="font-family:inherit;font-size:10pt;">11%</font><font style="font-family:inherit;font-size:10pt;"> of its revenue during the </font><font style="font-family:inherit;font-size:10pt;">nine months</font><font style="font-family:inherit;font-size:10pt;"> ended </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 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;">14%</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, 2015</font><font style="font-family:inherit;font-size:10pt;">.</font></div></div>
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
0001495231-16-000146-index-headers.html Edgar Link pending
0001495231-16-000146-index.html Edgar Link pending
0001495231-16-000146.txt Edgar Link pending
0001495231-16-000146-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
izea-20160930.xml Edgar Link completed
izea-20160930.xsd Edgar Link pending
izea-20160930_cal.xml Edgar Link unprocessable
izea-20160930_def.xml Edgar Link unprocessable
izea-20160930_lab.xml Edgar Link unprocessable
izea-20160930_pre.xml Edgar Link unprocessable
izea16093010q.htm Edgar Link pending
izea160930ex311.htm Edgar Link pending
izea160930ex312.htm Edgar Link pending
izea160930ex321.htm Edgar Link pending
izea160930ex322.htm Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending