2021 Q1 Form 10-K Financial Statement

#000149523121000058 Filed on March 30, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q4 2020
Revenue $5.528M $6.390M $17.97M
YoY Change 27.83% 9.61% -5.21%
Cost Of Revenue $2.458M $2.740M $7.896M
YoY Change 23.61% 1.48% -7.34%
Gross Profit $3.070M $3.650M $10.07M
YoY Change 31.43% 16.61% -3.48%
Gross Profit Margin 55.54% 57.12% 56.05%
Selling, General & Admin $4.613M $4.290M $14.61M
YoY Change 17.06% -14.54% -5.33%
% of Gross Profit 150.26% 117.53% 145.08%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $365.5K $410.0K $1.652M
YoY Change -27.08% -4.65% -5.63%
% of Gross Profit 11.91% 11.23% 16.4%
Operating Expenses $4.613M $4.700M $14.61M
YoY Change 17.06% -13.76% -44.07%
Operating Profit -$1.909M -$1.050M -$10.49M
YoY Change -70.21% -54.74% 46.38%
Interest Expense $13.79K -$20.00K $63.01K
YoY Change 108.42% -300.0% -73.03%
% of Operating Profit
Other Income/Expense, Net $15.68K $20.00K -$16.30K
YoY Change -135.35% 0.0% -86.68%
Pretax Income -$1.990M -$1.040M -$10.25M
YoY Change -67.69% -54.59% 40.6%
Income Tax
% Of Pretax Income
Net Earnings -$1.893M -$1.040M -$10.51M
YoY Change -70.65% -54.59% 44.15%
Net Earnings / Revenue -34.24% -16.28% -58.49%
Basic Earnings Per Share
Diluted Earnings Per Share -$35.33K -$21.43K -$248.2K
COMMON SHARES
Basic Shares Outstanding 59.13M shares 48.46M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2021 Q1 2020 Q4 2020
SHORT-TERM ASSETS
Cash & Short-Term Investments $65.47M $33.05M $33.05M
YoY Change 1062.88% 462.07% 462.07%
Cash & Equivalents $65.47M $33.05M $33.05M
Short-Term Investments
Other Short-Term Assets $48.34K $74.47K $270.0K
YoY Change 30.31% -51.34% -50.91%
Inventory
Prepaid Expenses $387.0K $226.6K
Receivables $4.072M $5.207M $5.210M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $69.97M $38.55M $38.53M
YoY Change 594.09% 220.36% 220.28%
LONG-TERM ASSETS
Property, Plant & Equipment $219.6K $230.9K $230.0K
YoY Change -30.77% -25.46% -25.81%
Goodwill $4.017M $4.017M
YoY Change 0.0% -51.7%
Intangibles $288.9K $505.6K
YoY Change -76.82% -68.63%
Long-Term Investments
YoY Change
Other Assets $0.00 $0.00
YoY Change -100.0% -100.0%
Total Long-Term Assets $5.881M $6.226M $6.220M
YoY Change -18.33% -47.72% -47.77%
TOTAL ASSETS
Total Short-Term Assets $69.97M $38.55M $38.53M
Total Long-Term Assets $5.881M $6.226M $6.220M
Total Assets $75.85M $44.78M $44.75M
YoY Change 338.89% 87.01% 86.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.024M $2.311M $1.880M
YoY Change 40.03% 2.59% -16.44%
Accrued Expenses $1.681M $1.925M $1.610M
YoY Change 4.74% 39.74% 21.97%
Deferred Revenue $6.639M $6.635M
YoY Change 28.21% 2.6%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.830M $1.510M $1.510M
YoY Change 53.78% 4933.33%
Total Short-Term Liabilities $12.14M $12.35M $12.46M
YoY Change 29.29% 21.29% 22.4%
LONG-TERM LIABILITIES
Long-Term Debt $170.0K $500.0K $500.0K
YoY Change 142.86% 900.0% 900.0%
Other Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
Total Long-Term Liabilities $170.0K $500.0K $500.0K
YoY Change 142.86% 900.0% 900.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.14M $12.35M $12.46M
Total Long-Term Liabilities $170.0K $500.0K $500.0K
Total Liabilities $12.31M $12.85M $12.97M
YoY Change 25.67% 26.78%
SHAREHOLDERS EQUITY
Retained Earnings -$72.39M -$70.49M
YoY Change 8.96% 17.49%
Common Stock $5.912K $5.005K
YoY Change 70.03% 44.49%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $63.54M $31.93M $31.79M
YoY Change
Total Liabilities & Shareholders Equity $75.85M $44.78M $44.75M
YoY Change 338.89% 87.01% 86.93%

Cashflow Statement

Concept 2021 Q1 2020 Q4 2020
OPERATING ACTIVITIES
Net Income -$1.893M -$1.040M -$10.51M
YoY Change -70.65% -54.59% 44.15%
Depreciation, Depletion And Amortization $365.5K $410.0K $1.652M
YoY Change -27.08% -4.65% -5.63%
Cash From Operating Activities -$829.7K -$100.0K -$2.096M
YoY Change -38.47% -84.13% -28.09%
INVESTING ACTIVITIES
Capital Expenditures -$20.00K -$100.0K -$380.0K
YoY Change 0.0% -527.92%
Acquisitions
YoY Change
Other Investing Activities $10.00K $0.00 $30.00K
YoY Change -100.0% -40.0%
Cash From Investing Activities -$13.22K -$100.0K -$354.4K
YoY Change -74.09% 0.0% -47.83%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $33.26M 2.620M $29.61M
YoY Change 2794.5% -1478.95% 294.3%
NET CHANGE
Cash From Operating Activities -$829.7K -100.0K -$2.096M
Cash From Investing Activities -$13.22K -100.0K -$354.4K
Cash From Financing Activities $33.26M 2.620M $29.61M
Net Change In Cash $32.42M 2.420M $27.16M
YoY Change -13058.4% -363.04% 593.54%
FREE CASH FLOW
Cash From Operating Activities -$829.7K -$100.0K -$2.096M
Capital Expenditures -$20.00K -$100.0K -$380.0K
Free Cash Flow -$809.7K $0.00 -$1.716M
YoY Change -39.95% -100.0% -42.87%

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29183 USD
CY2019 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
49578 USD
CY2020 izea Payments To Proceeds From Developed Software
PaymentsToProceedsFromDevelopedSoftware
363793 USD
CY2019 izea Payments To Proceeds From Developed Software
PaymentsToProceedsFromDevelopedSoftware
590549 USD
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-354407 USD
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-679350 USD
CY2020 izea Proceeds From The Sale Of Securities Financing Activities
ProceedsFromTheSaleOfSecuritiesFinancingActivities
28455096 USD
CY2019 izea Proceeds From The Sale Of Securities Financing Activities
ProceedsFromTheSaleOfSecuritiesFinancingActivities
10000000 USD
CY2020 izea Proceeds From Employee Stock Purchase Plan And Stock Options Exercised
ProceedsFromEmployeeStockPurchasePlanAndStockOptionsExercised
7634 USD
CY2019 izea Proceeds From Employee Stock Purchase Plan And Stock Options Exercised
ProceedsFromEmployeeStockPurchasePlanAndStockOptionsExercised
6979 USD
CY2020 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
1936522 USD
CY2019 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0 USD
CY2020 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
0 USD
CY2019 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-1526288 USD
CY2020 izea Payments On Acquisition Liabilities
PaymentsOnAcquisitionLiabilities
0 USD
CY2019 izea Payments On Acquisition Liabilities
PaymentsOnAcquisitionLiabilities
156111 USD
CY2020 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
41219 USD
CY2019 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
26138 USD
CY2020 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
747379 USD
CY2019 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
788752 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
29610654 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
7509690 USD
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
27160596 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
3916226 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5884629 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1968403 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
33045225 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5884629 USD
CY2020 us-gaap Interest Paid Net
InterestPaidNet
47290 USD
CY2019 us-gaap Interest Paid Net
InterestPaidNet
393584 USD
CY2020 izea Equipmentacquiredwithfinancingarrangement
Equipmentacquiredwithfinancingarrangement
43003 USD
CY2019 izea Equipmentacquiredwithfinancingarrangement
Equipmentacquiredwithfinancingarrangement
98648 USD
CY2020 izea Acquisitioncostspaidthroughissuanceofcommonstock
Acquisitioncostspaidthroughissuanceofcommonstock
0 USD
CY2019 izea Acquisitioncostspaidthroughissuanceofcommonstock
Acquisitioncostspaidthroughissuanceofcommonstock
4004397 USD
CY2020 izea Right Of Use Asset Operating Lease
RightOfUseAssetOperatingLease
0 USD
CY2019 izea Right Of Use Asset Operating Lease
RightOfUseAssetOperatingLease
410852 USD
CY2020 izea Fairvalueofcommonstockissuedforfutureservices
Fairvalueofcommonstockissuedforfutureservices
125000 USD
CY2019 izea Fairvalueofcommonstockissuedforfutureservices
Fairvalueofcommonstockissuedforfutureservices
192550 USD
CY2020 izea Wagereductionduetopandemicpercentage
Wagereductionduetopandemicpercentage
0.20
CY2020 us-gaap Use Of Estimates
UseOfEstimates
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;text-decoration:underline">Use of Estimates</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with GAAP 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. </span></div><div style="text-align:justify;text-indent:36pt"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The extent to which COVID-19 impacts the Company’s business and financial results will depend on numerous evolving factors including, but not limited to: the magnitude and duration of COVID-19, the extent to which it impacts worldwide macroeconomic conditions, the speed of the anticipated recovery, access to capital markets, and governmental and business reactions to the pandemic. The Company assessed certain accounting matters that generally require consideration of forecasted financial information in context with the information reasonably available to the Company and the unknown future impacts of COVID-19 as of December 31, 2020 and through the date of the filing of this Annual Report on Form 10-K. The accounting matters assessed included, but were not limited to estimates related to revenue, the accounting for potential liabilities and accrued expenses, the assumptions utilized in valuing stock-based compensation issued for services, the realization of deferred tax assets, and assessments of impairment related to long-lived assets, intangible assets, and goodwill. The Company’s future assessment of the magnitude and duration of COVID-19, as well as other factors, could result in additional material impacts to the Company’s consolidated financial statements in future reporting periods.</span></div><div style="text-indent:36pt"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Despite the Company’s efforts, the ultimate impact of COVID-19 depends on factors beyond the Company’s knowledge or control, including the duration and severity of the outbreak, as well as third-party actions taken to contain its spread and mitigate its public health effects. As a result, the Company is unable to estimate the full extent to which COVID-19 will negatively impact its financial results or liquidity. However, in consideration of the effect of COVID-19 on the assumptions and estimates used in the preparation of the December 31, 2020 financial statements, the Company identified the goodwill impairment disclosed in Note 3 as a material adverse effect on its results of operations and financial position in the first quarter of fiscal 2020 that was caused by COVID-19’s effect on economic conditions.</span></div>
CY2020 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;text-decoration:underline">Reclassifications</span></div><div style="margin-top:6pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain items have been reclassified in the 2019 financial statements to conform to the 2020 presentation. The Company has reclassified its 2019 impairment on intangible assets and software development costs (see Notes 3 and 4) out of general and administrative expense and into a separately stated line item labeled impairment of goodwill and intangible assets within the accompanying consolidated statements of operations.</span></div>
CY2020Q4 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 USD
CY2020Q4 us-gaap Cash Uninsured Amount
CashUninsuredAmount
31400000 USD
CY2019Q4 us-gaap Cash Uninsured Amount
CashUninsuredAmount
4100000 USD
CY2020Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
5148213 USD
CY2020Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
58992 USD
CY2019Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
5106314 USD
CY2019Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
490405 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
155000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
145000 USD
CY2020 izea Bad Debt Expense Percentageof Revenues
BadDebtExpensePercentageofRevenues
0.01
CY2019 izea Bad Debt Expense Percentageof Revenues
BadDebtExpensePercentageofRevenues
0.01
CY2020 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
Concentrations of credit risk with respect to accounts receivable have been typically limited because a large number of geographically diverse customers make up the Company’s customer base, thus spreading the trade credit risk. However, with the Company’s addition of SaaS customers, it has increased credit exposure on certain customers who carry significant credit balances related to their marketplace spend. The Company 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 no customer that accounted for more than 10% of total accounts receivable at December 31, 2020 and 2019. The Company had one customer that accounted for 12% of its revenue during the twelve months ended December 31, 2020 and no customer that accounted for more than 10% of its revenue during the twelve months ended December 31, 2019.
CY2019 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
0 USD
CY2020 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
0 USD
CY2020 us-gaap Number Of Reporting Units
NumberOfReportingUnits
1 operating_units
CY2019 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
418099 USD
CY2020 izea Amortizationperiodofsoftwaredevelopmentcosts
Amortizationperiodofsoftwaredevelopmentcosts
P5Y
CY2020 izea Leaseterm
Leaseterm
P12M
CY2020 izea Leaseterm
Leaseterm
P12M
CY2020 izea Invoicepaymentterms
Invoicepaymentterms
P30D
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
802910 USD
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1178115 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
571992 USD
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
868335 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
230918 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
309780 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
6211469 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
5705913 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
6211469 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
4599953 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
6211469 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
6211469 USD
CY2020Q4 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
286455 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
5705913 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
4599953 USD
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
505556 USD
CY2019Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1611516 USD
CY2020 us-gaap Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
P7M
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
505556 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
505556 USD
CY2018Q4 us-gaap Goodwill
Goodwill
8316722 USD
CY2019 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2019Q4 us-gaap Goodwill
Goodwill
8316722 USD
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
4300000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
4016722 USD
CY2020 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
4300000 USD
CY2020Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
3036810 USD
CY2019Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
2673017 USD
CY2020Q4 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
1564126 USD
CY2019Q4 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
1153037 USD
CY2020Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
1472684 USD
CY2019Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
1519980 USD
CY2020 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
363793 USD
CY2019 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
590549 USD
CY2020Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
3036810 USD
CY2020Q4 us-gaap Accrued Salaries Current And Noncurrent
AccruedSalariesCurrentAndNoncurrent
1504113 USD
CY2019Q4 us-gaap Accrued Salaries Current And Noncurrent
AccruedSalariesCurrentAndNoncurrent
1202765 USD
CY2019Q4 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
117698 USD
CY2020Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
30487 USD
CY2019Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
26837 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
103918 USD
CY2019Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
30256 USD
CY2020Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
1924973 USD
CY2019Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
1377556 USD
CY2020Q4 us-gaap Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
4100000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
1507626 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
492771 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
10420 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
2010817 USD
CY2020 izea Numberofmaterialleases
Numberofmaterialleases
1 lease
CY2019Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
410852 USD
CY2019Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
399892 USD
CY2019Q1 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.095
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
107831 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
83807 USD
CY2020 izea Operatingleaserightofuseassetamortization
Operatingleaserightofuseassetamortization
1330 USD
CY2019 izea Operatingleaserightofuseassetamortization
Operatingleaserightofuseassetamortization
24462 USD
CY2020 izea Numberoffinanceleaseobligations
Numberoffinanceleaseobligations
0
CY2020Q4 izea Number Of Operating Lease Liabilities
NumberOfOperatingLeaseLiabilities
1 lease
CY2020 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
0.50
CY2020 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
0.50
CY2020 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.08
CY2020 us-gaap Defined Contribution Plan Employers Matching Contribution Annual Vesting Percentage
DefinedContributionPlanEmployersMatchingContributionAnnualVestingPercentage
0.20
CY2020 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
151131 USD
CY2019 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
159581 USD
CY2018Q4 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
500000 USD
CY2019Q2 izea Portion Paid By Insurance Company Paid Into Settlement Fund
PortionPaidByInsuranceCompanyPaidIntoSettlementFund
800000 USD
CY2019Q2 us-gaap Payments For Legal Settlements
PaymentsForLegalSettlements
400000 USD
CY2019Q1 us-gaap Loss Contingency Damages Awarded Value
LossContingencyDamagesAwardedValue
300000 USD
CY2020Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2020Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2020Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2019Q3 izea Gain On Settlement Acquisition
GainOnSettlementAcquisition
752591 USD
CY2020Q1 izea Numberofindependentdirectors
Numberofindependentdirectors
5 directors
CY2019 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
339942 USD
CY2020 izea Percentageofindividualownershipofcommonstock
Percentageofindividualownershipofcommonstock
0.10
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
1127194 USD
CY2020 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
225083 USD
CY2019Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
3500000 USD
CY2020 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
369 USD
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
265 USD
CY2020 us-gaap Stock Repurchase Program Expiration Date
StockRepurchaseProgramExpirationDate
2020-12-31
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-10250007 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
-7290120 USD
CY2020 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
41289705 shares
CY2019 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
25516573 shares
CY2020 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.25
CY2019 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.29
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2780730 shares
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1674413 shares
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
18329555 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
18955672 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
18329555 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
18955672 USD
CY2020Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
5207205 USD
CY2019Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
5596719 USD
CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
7180264 USD
CY2019Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
6466766 USD
CY2020 izea Contract Length For Sales Commissions Payment
ContractLengthForSalesCommissionsPayment
1
CY2020Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
22376000 USD
CY2019Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
21425000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
281000 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
177000 USD
CY2020Q4 izea Deferred Tax Assets Tax Deferred Expense Stock Option And Warrant Expenses Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseStockOptionAndWarrantExpensesShareBasedCompensationCost
474000 USD
CY2019Q4 izea Deferred Tax Assets Tax Deferred Expense Stock Option And Warrant Expenses Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseStockOptionAndWarrantExpensesShareBasedCompensationCost
462000 USD
CY2020Q4 izea Deferred Tax Assets Accounts Receivable
DeferredTaxAssetsAccountsReceivable
38000 USD
CY2019Q4 izea Deferred Tax Assets Accounts Receivable
DeferredTaxAssetsAccountsReceivable
28000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent
0 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent
6000 USD
CY2020Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
3000 USD
CY2019Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
11000 USD
CY2020Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
23172000 USD
CY2019Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
22097000 USD
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
22950000 USD
CY2019Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
21661000 USD
CY2020Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
222000 USD
CY2020Q4 izea Deferred Tax Liabilities Fixed And Tangible Assets
DeferredTaxLiabilitiesFixedAndTangibleAssets
222000 USD
CY2019Q4 izea Deferred Tax Liabilities Fixed And Tangible Assets
DeferredTaxLiabilitiesFixedAndTangibleAssets
436000 USD
CY2020Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
222000 USD
CY2019Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
436000 USD
CY2019Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
436000 USD
CY2020Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0 USD
CY2019Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2020 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.138
CY2019 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.215
CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.021
CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.049
CY2020 izea Effective Income Tax Rate Reconciliation Change In Value Of Acquisition Liability Percent
EffectiveIncomeTaxRateReconciliationChangeInValueOfAcquisitionLiabilityPercent
0
CY2019 izea Effective Income Tax Rate Reconciliation Change In Value Of Acquisition Liability Percent
EffectiveIncomeTaxRateReconciliationChangeInValueOfAcquisitionLiabilityPercent
0.004
CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseImpairmentLosses
0.090
CY2019 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseImpairmentLosses
0
CY2020 izea Effective Income Tax Rate Reconciliation Iso And Restricted Stock Compensation Percent
EffectiveIncomeTaxRateReconciliationISOAndRestrictedStockCompensationPercent
-0.001
CY2019 izea Effective Income Tax Rate Reconciliation Iso And Restricted Stock Compensation Percent
EffectiveIncomeTaxRateReconciliationISOAndRestrictedStockCompensationPercent
0.013
CY2020 izea Effective Income Tax Rate Reconciliation Change In State And Federal Deferred Rate Percent
EffectiveIncomeTaxRateReconciliationChangeInStateAndFederalDeferredRatePercent
0.002
CY2019 izea Effective Income Tax Rate Reconciliation Change In State And Federal Deferred Rate Percent
EffectiveIncomeTaxRateReconciliationChangeInStateAndFederalDeferredRatePercent
0.024
CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
-0.002
CY2019 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
0.003
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
CY2020Q4 us-gaap Operating Loss Carryforwards Valuation Allowance
OperatingLossCarryforwardsValuationAllowance
1289000 USD
CY2019Q4 us-gaap Operating Loss Carryforwards Valuation Allowance
OperatingLossCarryforwardsValuationAllowance
1912000 USD
CY2021Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
59129390 shares

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