2017 Q3 Form 10-Q Financial Statement

#000149523117000083 Filed on August 10, 2017

View on sec.gov

Income Statement

Concept 2017 Q3 2017 Q2 2016 Q2
Revenue $8.155M $6.980M $6.914M
YoY Change 8.77% 0.96% 49.4%
Cost Of Revenue $3.303M $2.715M $3.418M
YoY Change -15.91% -20.59% 17.17%
Gross Profit $4.396M $3.538M $3.495M
YoY Change 23.15% 1.22% 104.36%
Gross Profit Margin 53.91% 50.69% 50.56%
Selling, General & Admin $4.045M $4.053M $5.137M
YoY Change -19.71% -21.11% 31.36%
% of Gross Profit 92.03% 114.55% 146.98%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $375.0K $358.3K $300.0K
YoY Change 13.63% 19.42% 36.36%
% of Gross Profit 8.53% 10.13% 8.58%
Operating Expenses $7.723M $7.126M $5.137M
YoY Change 53.27% 38.7% 31.36%
Operating Profit -$633.2K -$1.413M -$1.642M
YoY Change -56.9% -13.96% -25.38%
Interest Expense $15.06K $13.27K $11.41K
YoY Change -40.97% 16.31% -68.65%
% of Operating Profit
Other Income/Expense, Net $74.41K -$33.65K $15.81K
YoY Change -275.27% -312.77% -92.65%
Pretax Income -$560.0K -$1.450M -$1.630M
YoY Change -62.91% -11.04% -18.09%
Income Tax
% Of Pretax Income
Net Earnings -$558.8K -$1.447M -$1.626M
YoY Change -63.03% -11.05% -18.08%
Net Earnings / Revenue -6.85% -20.72% -23.52%
Basic Earnings Per Share
Diluted Earnings Per Share -$98.25K -$255.3K -$304.7K
COMMON SHARES
Basic Shares Outstanding 5.706M shares 5.679M shares 5.342M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q3 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.450M $3.560M $8.020M
YoY Change -47.73% -55.61% 217.0%
Cash & Equivalents $3.448M $3.564M $8.016M
Short-Term Investments
Other Short-Term Assets $27.61K $28.72K $1.068K
YoY Change 89.86% 2588.67% -95.01%
Inventory
Prepaid Expenses $414.6K $242.5K $431.0K
Receivables $5.253M $4.124M $4.668M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $9.144M $7.959M $13.12M
YoY Change -20.31% -39.32% 105.49%
LONG-TERM ASSETS
Property, Plant & Equipment $310.3K $359.5K $570.8K
YoY Change -41.72% -37.02% -3.72%
Goodwill $3.605M $3.605M $2.468M
YoY Change 0.0% 46.04% -13.21%
Intangibles $914.8K $1.163M $1.420M
YoY Change -52.17% -18.14% -33.09%
Long-Term Investments
YoY Change
Other Assets $160.0K $160.0K $150.0K
YoY Change 0.0% 6.67% 25.0%
Total Long-Term Assets $5.992M $6.366M $5.492M
YoY Change -16.77% 15.91% -10.12%
TOTAL ASSETS
Total Short-Term Assets $9.144M $7.959M $13.12M
Total Long-Term Assets $5.992M $6.366M $5.492M
Total Assets $15.14M $14.32M $18.61M
YoY Change -18.95% -23.02% 48.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.680M $1.475M $1.239M
YoY Change 33.47% 19.03% 16.53%
Accrued Expenses $1.889M $1.558M $1.224M
YoY Change 62.26% 27.28% 112.05%
Deferred Revenue
YoY Change
Short-Term Debt $810.0K $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change -100.0%
Total Short-Term Liabilities $8.792M $7.204M $7.163M
YoY Change 20.51% 0.57% 31.91%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $510.0K $940.0K $80.00K
YoY Change -32.0% 1075.0% -99.08%
Total Long-Term Liabilities $510.0K $940.0K $80.00K
YoY Change -32.0% 1075.0% -99.08%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.792M $7.204M $7.163M
Total Long-Term Liabilities $510.0K $940.0K $80.00K
Total Liabilities $9.299M $8.143M $7.243M
YoY Change 15.51% 12.42% -48.54%
SHAREHOLDERS EQUITY
Retained Earnings -$46.53M -$45.98M -$38.47M
YoY Change 16.39% 19.51% 31.75%
Common Stock $571.00 $569.00 $536.00
YoY Change 4.77% 6.16% -90.73%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.837M $6.182M $11.36M
YoY Change
Total Liabilities & Shareholders Equity $15.14M $14.32M $18.61M
YoY Change -18.95% -23.02% 48.95%

Cashflow Statement

Concept 2017 Q3 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income -$558.8K -$1.447M -$1.626M
YoY Change -63.03% -11.05% -18.08%
Depreciation, Depletion And Amortization $375.0K $358.3K $300.0K
YoY Change 13.63% 19.42% 36.36%
Cash From Operating Activities -$650.0K -$790.0K -$1.900M
YoY Change -28.57% -58.42% 28.38%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00 -$120.0K
YoY Change -100.0% -100.0% 200.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$20.00K -$30.00K
YoY Change -100.0% -33.33% -133.33%
Cash From Investing Activities $0.00 -$20.00K -$160.0K
YoY Change -100.0% -87.5% -500.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 540.0K 10.00K 20.00K
YoY Change -5500.0% -50.0% 100.0%
NET CHANGE
Cash From Operating Activities -650.0K -790.0K -1.900M
Cash From Investing Activities 0.000 -20.00K -160.0K
Cash From Financing Activities 540.0K 10.00K 20.00K
Net Change In Cash -110.0K -800.0K -2.040M
YoY Change -92.31% -60.78% 42.66%
FREE CASH FLOW
Cash From Operating Activities -$650.0K -$790.0K -$1.900M
Capital Expenditures $0.00 $0.00 -$120.0K
Free Cash Flow -$650.0K -$790.0K -$1.780M
YoY Change -10.96% -55.62% 23.61%

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
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2017
dei Document Period End Date
DocumentPeriodEndDate
2017-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001495231
CY2017Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
5706152 shares
dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2016Q4 izea Acquisition Costs Payable Current
AcquisitionCostsPayableCurrent
1252885 USD
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2017Q2 dei Entity Public Float
EntityPublicFloat
6861087 USD
dei Entity Registrant Name
EntityRegistrantName
IZEA, INC.
dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2017Q2 izea Acquisition Costs Payable Current
AcquisitionCostsPayableCurrent
266173 USD
CY2016Q4 izea Acquisition Costs Payable Noncurrent
AcquisitionCostsPayableNoncurrent
688191 USD
CY2017Q2 izea Acquisition Costs Payable Noncurrent
AcquisitionCostsPayableNoncurrent
897997 USD
izea Acquisitioncostspaidthroughissuanceofcommonstock
Acquisitioncostspaidthroughissuanceofcommonstock
848832 USD
izea Acquisitioncostspaidthroughissuanceofcommonstock
Acquisitioncostspaidthroughissuanceofcommonstock
938532 USD
izea Amortizationperiodofsoftwaredevelopmentcosts
Amortizationperiodofsoftwaredevelopmentcosts
P5Y
izea Bad Debt Expense Percentageof Revenues
BadDebtExpensePercentageofRevenues
0.01
izea Fairvalueofcommonstockissuedforfutureservices
Fairvalueofcommonstockissuedforfutureservices
82867 USD
izea Fairvalueofcommonstockissuedforfutureservices
Fairvalueofcommonstockissuedforfutureservices
0 USD
izea Gainonchangeinvalueofcontingentacquisitioncostspayable.1
Gainonchangeinvalueofcontingentacquisitioncostspayable.1
0 USD
izea Gainonchangeinvalueofcontingentacquisitioncostspayable.1
Gainonchangeinvalueofcontingentacquisitioncostspayable.1
56000 USD
izea Gainonsettlementofacquisitionspayable
Gainonsettlementofacquisitionspayable
0 USD
izea Gainonsettlementofacquisitionspayable
Gainonsettlementofacquisitionspayable
10491 USD
izea Numberofindependentdirectors
Numberofindependentdirectors
5
CY2011Q3 izea Percentageofindividualownershipofcommonstock
Percentageofindividualownershipofcommonstock
0.1
CY2016Q2 izea Share Based Compensation Arrangement By Share Based Payment Award Current Average Expected Forfeiture Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardCurrentAverageExpectedForfeitureRate
0.1399
izea Share Based Compensation Arrangement By Share Based Payment Award Current Average Expected Forfeiture Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardCurrentAverageExpectedForfeitureRate
0.1220
CY2017Q2 izea Share Based Compensation Arrangement By Share Based Payment Award Current Average Expected Forfeiture Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardCurrentAverageExpectedForfeitureRate
0.1009
izea Share Based Compensation Arrangement By Share Based Payment Award Current Average Expected Forfeiture Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardCurrentAverageExpectedForfeitureRate
0.1059
CY2016Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
1438389 USD
CY2017Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
1474962 USD
CY2016Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
3745695 USD
CY2017Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
4124332 USD
CY2016Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1242889 USD
CY2017Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1558386 USD
CY2016Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
616056 USD
CY2017Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
721377 USD
us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P3Y
CY2016Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
50797039 USD
CY2017Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
52157008 USD
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
326846 USD
us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
3626 USD
CY2016Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
237000 USD
CY2017Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
220000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
470242 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
607437 USD
CY2016Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1434134 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1405291 shares
CY2017Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1515555 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1518405 shares
CY2016Q4 us-gaap Assets
Assets
17022617 USD
CY2017Q2 us-gaap Assets
Assets
14324644 USD
CY2016Q4 us-gaap Assets Current
AssetsCurrent
10029016 USD
CY2017Q2 us-gaap Assets Current
AssetsCurrent
7959122 USD
CY2016Q4 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
388706 USD
CY2017Q2 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
496330 USD
CY2016Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
1492665 USD
CY2017Q2 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
1578125 USD
CY2016Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
1103959 USD
CY2017Q2 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
1081795 USD
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
11608452 USD
CY2016Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
8015684 USD
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
5949004 USD
CY2017Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3563540 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-3592768 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-2385464 USD
CY2016Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
0 USD
CY2017Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
0 USD
CY2016Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2017Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2016Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2017Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2016Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
5456118 shares
CY2016Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
5456118 shares
CY2017Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
5689442 shares
CY2016Q4 us-gaap Common Stock Value
CommonStockValue
545 USD
CY2017Q2 us-gaap Common Stock Value
CommonStockValue
569 USD
CY2016Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
3418387 USD
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
6519756 USD
CY2017Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
3442181 USD
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
6637707 USD
CY2016Q4 us-gaap Deferred Rent Credit Current
DeferredRentCreditCurrent
34290 USD
CY2017Q2 us-gaap Deferred Rent Credit Current
DeferredRentCreditCurrent
38704 USD
CY2016Q4 us-gaap Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
62547 USD
CY2017Q2 us-gaap Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
40307 USD
CY2016Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
3315563 USD
CY2017Q2 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
3866077 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
125232 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
113429 USD
CY2016Q2 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
26421 USD
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
29273 USD
CY2017Q2 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-8420 USD
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-9038 USD
CY2016Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
0 USD
CY2017Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
0 USD
us-gaap Derivative Loss On Derivative
DerivativeLossOnDerivative
9038 USD
CY2016Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.30
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.79
CY2016Q4 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
0 USD
CY2017Q2 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
0 USD
CY2017Q2 us-gaap Derivative Loss On Derivative
DerivativeLossOnDerivative
8420 USD
CY2017Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.25
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.74
us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
29273 USD
us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
-9038 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1595933 USD
CY2017Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2095746 USD
CY2017Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
494815 USD
CY2017Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
26834 USD
CY2017Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
84293 USD
CY2017Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
207349 USD
CY2017Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
349432 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
3258469 USD
CY2017Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
3258469 USD
CY2017Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1162723 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
0 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
3687 USD
CY2016Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2524746 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
5104747 USD
CY2017Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2524630 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
5334154 USD
CY2016Q4 us-gaap Goodwill
Goodwill
3604720 USD
CY2017Q2 us-gaap Goodwill
Goodwill
3604720 USD
CY2016Q2 us-gaap Gross Profit
GrossProfit
3495302 USD
us-gaap Gross Profit
GrossProfit
5859883 USD
CY2017Q2 us-gaap Gross Profit
GrossProfit
3538040 USD
us-gaap Gross Profit
GrossProfit
6545020 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
243853 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
36573 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
855339 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
418464 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
342549 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
533123 USD
us-gaap Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
171160 USD
us-gaap Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
550514 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-6683 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-17826 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
138871 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-63067 USD
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
-31900 USD
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
4937 USD
CY2016Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1662536 USD
CY2017Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1162723 USD
CY2016Q2 us-gaap Interest Expense
InterestExpense
11411 USD
us-gaap Interest Expense
InterestExpense
30348 USD
us-gaap Interest Paid
InterestPaid
230 USD
us-gaap Interest Paid
InterestPaid
0 USD
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
72470 USD
us-gaap Interest Expense
InterestExpense
32750 USD
CY2017Q2 us-gaap Interest Expense
InterestExpense
13272 USD
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
83462 USD
CY2016Q4 us-gaap Liabilities
Liabilities
8034754 USD
CY2017Q2 us-gaap Liabilities
Liabilities
8142606 USD
CY2016Q4 us-gaap Liabilities Current
LiabilitiesCurrent
7284016 USD
CY2016Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
17022617 USD
CY2017Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
14324644 USD
CY2017Q2 us-gaap Liabilities Current
LiabilitiesCurrent
7204302 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
5575 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
12606 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-285044 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-89100 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-3313299 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2308970 USD
CY2016Q2 us-gaap Net Income Loss
NetIncomeLoss
-1626345 USD
us-gaap Net Income Loss
NetIncomeLoss
-4218965 USD
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
-1446598 USD
us-gaap Net Income Loss
NetIncomeLoss
-4165818 USD
CY2016Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
15813 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-1724 USD
CY2017Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-33645 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-51966 USD
CY2016Q2 us-gaap Operating Expenses
OperatingExpenses
5137460 USD
us-gaap Operating Expenses
OperatingExpenses
10077124 USD
CY2017Q2 us-gaap Operating Expenses
OperatingExpenses
4950993 USD
us-gaap Operating Expenses
OperatingExpenses
10658872 USD
CY2016Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-1642158 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-4217241 USD
CY2017Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-1412953 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-4113852 USD
CY2016Q2 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
0 USD
us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
0 USD
CY2017Q2 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
0 USD
us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
0 USD
CY2016Q4 us-gaap Other Assets Current
OtherAssetsCurrent
11940 USD
CY2017Q2 us-gaap Other Assets Current
OtherAssetsCurrent
28715 USD
CY2016Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
803 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1753 USD
CY2017Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-11953 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-12580 USD
us-gaap Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
21721 USD
us-gaap Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
3626 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
100060 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
8577 USD
us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
153084 USD
us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
85460 USD
CY2016Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0
CY2017Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2017Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2016Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2017Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2017Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2016Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2017Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2016Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2017Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2016Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2017Q2 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2016Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
322377 USD
CY2017Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
242535 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
34587 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
16232 USD
CY2016Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
460650 USD
CY2017Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
359485 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
105000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
39827 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
7291 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
0 USD
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-41809721 USD
CY2017Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-45975539 USD
CY2016Q2 us-gaap Sales Revenue Net
SalesRevenueNet
6913689 USD
us-gaap Sales Revenue Net
SalesRevenueNet
12379639 USD
CY2017Q2 us-gaap Sales Revenue Net
SalesRevenueNet
6980221 USD
us-gaap Sales Revenue Net
SalesRevenueNet
13182727 USD
CY2016Q4 us-gaap Security Deposit
SecurityDeposit
161736 USD
CY2017Q2 us-gaap Security Deposit
SecurityDeposit
156799 USD
CY2016Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
2612714 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
4972377 USD
CY2017Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
2426363 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
5324718 USD
us-gaap Share Based Compensation
ShareBasedCompensation
405326 USD
us-gaap Share Based Compensation
ShareBasedCompensation
326846 USD
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
1.91
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0 USD
CY2016Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
0 USD
us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
928041 USD
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
16232 USD
us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
92500 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
8987863 USD
CY2017Q2 us-gaap Stockholders Equity
StockholdersEquity
6182038 USD
CY2016Q1 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
ratio of one share for every 20 shares outstanding prior to the effective date of the reverse stock split. All current and historical information contained herein related to the share and per share information for the Company's common stock or stock equivalents reflects the 1-for-20 reverse stock split of the Company's outstanding shares of common stock that became market effective on January 11, 2016. There was no change in the number of the Company's authorized shares of common stock.
CY2016Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
5350128 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
5320962 shares
CY2017Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
5676629 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
5637636 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 costs 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;">June&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;"> were approximately </font><font style="font-family:inherit;font-size:10pt;">$87,000</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$106,000</font><font style="font-family:inherit;font-size:10pt;">, respectively. Advertising costs charged to operations for the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">six 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;">June&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</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;">$169,000</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$217,000</font><font style="font-family:inherit;font-size:10pt;">, respectively. Advertising costs are included in sales and marketing expense in the accompanying unaudited 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. The Company had </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;"> customers 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;">June&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;">. 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;">June&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;">. The Company had </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">no</font><font style="font-family:inherit;font-size:10pt;"> customers that accounted for </font><font style="font-family:inherit;font-size:10pt;">more than 10%</font><font style="font-family:inherit;font-size:10pt;"> of its revenue 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;">11%</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;">six months</font><font style="font-family:inherit;font-size:10pt;"> ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;">, respectively.</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
0001495231-17-000083-index-headers.html Edgar Link pending
0001495231-17-000083-index.html Edgar Link pending
0001495231-17-000083.txt Edgar Link pending
0001495231-17-000083-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
izea-20170630.xml Edgar Link completed
izea-20170630.xsd Edgar Link pending
izea-20170630_cal.xml Edgar Link unprocessable
izea-20170630_def.xml Edgar Link unprocessable
izea-20170630_lab.xml Edgar Link unprocessable
izea-20170630_pre.xml Edgar Link unprocessable
izea17063010q.htm Edgar Link pending
izea170630ex311.htm Edgar Link pending
izea170630ex312.htm Edgar Link pending
izea170630ex321.htm Edgar Link pending
izea170630ex322.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
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.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