2022 Q1 Form 10-K Financial Statement

#000149523122000068 Filed on March 31, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q3 2021 Q2
Revenue $8.890M $7.734M $6.416M
YoY Change 60.82% 83.82% 110.39%
Cost Of Revenue $5.180M $4.022M $3.209M
YoY Change 110.75% 129.75% 132.89%
Gross Profit $3.711M $3.712M $3.208M
YoY Change 20.85% 51.09% 91.85%
Gross Profit Margin 41.74% 47.99% 49.99%
Selling, General & Admin $6.023M $4.912M $4.962M
YoY Change 30.55% 52.05% 57.58%
% of Gross Profit 162.31% 132.32% 154.7%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $138.8K $220.5K $363.9K
YoY Change -62.02% -40.82% -3.5%
% of Gross Profit 3.74% 5.94% 11.35%
Operating Expenses $6.023M $4.912M $4.962M
YoY Change 30.55% 52.05% 57.58%
Operating Profit -$2.451M -$1.420M -$2.119M
YoY Change 28.42% 23.93% 14.26%
Interest Expense $965.00 $1.558K $8.739K
YoY Change -93.0% -90.53% -55.13%
% of Operating Profit
Other Income/Expense, Net -$25.25K $19.40K $1.960M
YoY Change -261.01% 42.28% 13552.35%
Pretax Income -$2.476M -$1.481M -$158.4K
YoY Change 24.43% 18.46% -91.15%
Income Tax
% Of Pretax Income
Net Earnings -$2.476M -$1.401M -$158.4K
YoY Change 30.81% 23.71% -91.39%
Net Earnings / Revenue -27.85% -18.11% -2.47%
Basic Earnings Per Share
Diluted Earnings Per Share -$39.90K -$23.93K -$2.581K
COMMON SHARES
Basic Shares Outstanding 62.18M shares 61.86M shares 61.73M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q1 2021 Q3 2021 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $72.56M $74.45M $74.99M
YoY Change 10.83% 143.15% 260.18%
Cash & Equivalents $72.56M $74.45M $74.99M
Short-Term Investments
Other Short-Term Assets $19.18K $40.85K $62.69K
YoY Change -60.32% -70.88% -52.02%
Inventory
Prepaid Expenses $4.067M $1.690M $1.027M
Receivables $7.260M $7.093M $6.133M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $83.91M $83.28M $82.21M
YoY Change 19.91% 136.89% 237.3%
LONG-TERM ASSETS
Property, Plant & Equipment $151.4K $157.8K $193.8K
YoY Change -31.04% -39.55% -31.3%
Goodwill $4.017M $4.017M $4.017M
YoY Change 0.0% 0.0% 0.0%
Intangibles $150.3K $0.00 $72.22K
YoY Change -47.98% -100.0% -92.82%
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $5.332M $5.302M $5.525M
YoY Change -9.35% -18.77% -18.27%
TOTAL ASSETS
Total Short-Term Assets $83.91M $83.28M $82.21M
Total Long-Term Assets $5.332M $5.302M $5.525M
Total Assets $89.24M $88.58M $87.74M
YoY Change 17.64% 112.51% 181.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.858M $1.698M $1.907M
YoY Change -8.18% -2.6% 47.77%
Accrued Expenses $2.087M $2.420M $2.097M
YoY Change 24.19% 90.91% 62.89%
Deferred Revenue $12.77M $10.10M $8.198M
YoY Change 92.38% 56.36% 48.78%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $66.28K $31.31K $31.31K
YoY Change -96.38% -97.37% -96.4%
Total Short-Term Liabilities $16.75M $14.22M $12.20M
YoY Change 37.96% 33.79% 36.7%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $65.76K $66.55K
YoY Change -100.0% -92.17% -94.26%
Other Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
Total Long-Term Liabilities $0.00 $65.76K $66.55K
YoY Change -100.0% -92.17% -94.26%
TOTAL LIABILITIES
Total Short-Term Liabilities $16.75M $14.22M $12.20M
Total Long-Term Liabilities $0.00 $65.76K $66.55K
Total Liabilities $16.75M $14.29M $12.27M
YoY Change 36.02% 24.52% 21.61%
SHAREHOLDERS EQUITY
Retained Earnings -$76.11M -$73.95M -$72.54M
YoY Change 5.14% 6.54% 6.25%
Common Stock $6.211K $6.190K $6.181K
YoY Change 5.06% 28.08% 47.94%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $72.49M $74.29M $75.47M
YoY Change
Total Liabilities & Shareholders Equity $89.24M $88.58M $87.74M
YoY Change 17.64% 112.51% 181.81%

Cashflow Statement

Concept 2022 Q1 2021 Q3 2021 Q2
OPERATING ACTIVITIES
Net Income -$2.476M -$1.401M -$158.4K
YoY Change 30.81% 23.71% -91.39%
Depreciation, Depletion And Amortization $138.8K $220.5K $363.9K
YoY Change -62.02% -40.82% -3.5%
Cash From Operating Activities -$2.727M -$510.4K -$2.312M
YoY Change 228.65% 629.11% 298.57%
INVESTING ACTIVITIES
Capital Expenditures -$128.6K -$4.220K -$9.690K
YoY Change 542.9% -97.66% -80.62%
Acquisitions
YoY Change
Other Investing Activities $660.00 $20.90K -$1.080K
YoY Change -93.4% -119.0% -100.77%
Cash From Investing Activities -$127.9K $16.68K -$10.77K
YoY Change 867.79% -105.75% -111.97%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$19.73K -99.23K 11.90M
YoY Change -100.06% -100.98% -24.09%
NET CHANGE
Cash From Operating Activities -$2.727M -510.4K -2.312M
Cash From Investing Activities -$127.9K 16.68K -10.77K
Cash From Financing Activities -$19.73K -99.23K 11.90M
Net Change In Cash -$2.874M -592.9K 9.580M
YoY Change -108.87% -106.05% -36.94%
FREE CASH FLOW
Cash From Operating Activities -$2.727M -$510.4K -$2.312M
Capital Expenditures -$128.6K -$4.220K -$9.690K
Free Cash Flow -$2.598M -$506.2K -$2.302M
YoY Change 220.88% -560.15% 334.34%

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ChangeInLeaseLiability
0 USD
CY2020 izea Change In Lease Liability
ChangeInLeaseLiability
24024 USD
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2566999 USD
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2095651 USD
CY2021 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
63046 USD
CY2020 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
19797 USD
CY2021 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
30324 USD
CY2020 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
29183 USD
CY2020 us-gaap Stock Issued1
StockIssued1
125000 USD
CY2021 izea Purchase Of Digital Assets
PurchaseOfDigitalAssets
223228 USD
CY2020 izea Purchase Of Digital Assets
PurchaseOfDigitalAssets
0 USD
CY2021 izea Proceeds From The Sale Of Digital Assets
ProceedsFromTheSaleOfDigitalAssets
-216675 USD
CY2020 izea Proceeds From The Sale Of Digital Assets
ProceedsFromTheSaleOfDigitalAssets
0 USD
CY2021 izea Payments To Proceeds From Developed Software
PaymentsToProceedsFromDevelopedSoftware
0 USD
CY2020 izea Payments To Proceeds From Developed Software
PaymentsToProceedsFromDevelopedSoftware
363793 USD
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-26169 USD
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-354407 USD
CY2021 izea Proceeds From The Sale Of Securities Financing Activities
ProceedsFromTheSaleOfSecuritiesFinancingActivities
46544688 USD
CY2020 izea Proceeds From The Sale Of Securities Financing Activities
ProceedsFromTheSaleOfSecuritiesFinancingActivities
28455096 USD
CY2021 izea Proceeds From Employee Stock Purchase Plan And Stock Options Exercised
ProceedsFromEmployeeStockPurchasePlanAndStockOptionsExercised
69589 USD
CY2020 izea Proceeds From Employee Stock Purchase Plan And Stock Options Exercised
ProceedsFromEmployeeStockPurchasePlanAndStockOptionsExercised
7634 USD
CY2021 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0 USD
CY2020 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
1936522 USD
CY2021 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
30261 USD
CY2020 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
41219 USD
CY2021 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1094929 USD
CY2020 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
747379 USD
CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
507849 USD
CY2020 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 USD
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
44981238 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
29610654 USD
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
42388070 USD
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
27160596 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
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
75433295 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
33045225 USD
CY2021 us-gaap Interest Paid Net
InterestPaidNet
9968 USD
CY2020 us-gaap Interest Paid Net
InterestPaidNet
47290 USD
CY2021 izea Equipmentacquiredwithfinancingarrangement
Equipmentacquiredwithfinancingarrangement
0 USD
CY2020 izea Equipmentacquiredwithfinancingarrangement
Equipmentacquiredwithfinancingarrangement
43003 USD
CY2021 us-gaap Stock Issued1
StockIssued1
147329 USD
CY2021 izea Forgiveness Of Debt On The Ppp Loan
ForgivenessOfDebtOnThePPPLoan
1927220 USD
CY2020 izea Forgiveness Of Debt On The Ppp Loan
ForgivenessOfDebtOnThePPPLoan
0 USD
CY2021 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:6pt;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="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%">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="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%">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, 2021, 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="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%">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, 2021 financial statements, the Company identified the goodwill impairment disclosed in Note 4 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>
CY2021 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="margin-top:9pt"><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 2020 to conform with 2021 financial statement presentation. The Company has reclassified its holdings in digital assets from current assets to intangible assets. The balance was $216,675 and $33,921 at December 31, 2021 and 2020, respectively.</span></div>
CY2021Q4 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 USD
CY2021Q4 us-gaap Cash Uninsured Amount
CashUninsuredAmount
74900000 USD
CY2020Q4 us-gaap Cash Uninsured Amount
CashUninsuredAmount
31400000 USD
CY2021Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
7577177 USD
CY2021Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
21926 USD
CY2020Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
5148213 USD
CY2020Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
58992 USD
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
155000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
155000 USD
CY2021 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 three customers that accounted for 38% of total accounts receivable at December 31, 2021 and zero customers that accounted for more than 10% at December 31, 2020. The Company had one customer that accounted for 14% of its revenue during the twelve months ended December 31, 2021 and one customer that accounted for 13% of its revenue during the twelve months ended December 31, 2020.
CY2021 us-gaap Number Of Reporting Units
NumberOfReportingUnits
1 lease
CY2021 izea Amortizationperiodofsoftwaredevelopmentcosts
Amortizationperiodofsoftwaredevelopmentcosts
P5Y
CY2021 izea Leaseterm
Leaseterm
P12M
CY2021 izea Leaseterm
Leaseterm
P12M
CY2021 izea Invoicepaymentterms
Invoicepaymentterms
P30D
CY2021 us-gaap Derivatives Reporting Of Derivative Activity
DerivativesReportingOfDerivativeActivity
<div style="margin-top:6pt;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">Derivative Financial Instruments</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%">Derivative financial instruments are defined as financial instruments or other contracts that contain a notional amount and one or more underlying factors (e.g., interest rate, security price or other variable), require no initial net investment and permit net settlement. Derivative financial instruments may be free-standing or embedded in other financial instruments. Further, derivative financial instruments are initially, and subsequently, measured at fair value and recorded as liabilities or assets. The Company accounts for derivative instruments in accordance with ASC 815, Derivatives and Hedging (“ASC 815”), which requires additional disclosures about the Company’s objectives and strategies for using derivative instruments, how the derivative instruments and related hedged items are accounted for, and how the derivative instruments and related hedging items affect the financial statements. The Company does not use derivative instruments to hedge exposures to cash flow, market or foreign currency risk. Terms of equity instruments are reviewed to determine whether or not they contain embedded derivative instruments that are required under ASC 815 to be accounted for separately from the host contract and recorded on the balance sheet at fair value. The fair value of derivative liabilities, if any, is required to be revalued at each reporting date, with corresponding changes in fair value recorded in current period operating results. Pursuant to ASC 815, an evaluation of specifically identified conditions is made to determine whether the fair value of warrants issued is required to be classified as equity or as a derivative liability. </span></div>The Company issued 17,500 warrant shares issued in September 2015 with an exercise price of $10.20. These warrants expired in 2020 with no value.
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
33045225 USD
CY2020Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
5207205 USD
CY2020Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
226559 USD
CY2020Q4 us-gaap Other Assets Current
OtherAssetsCurrent
74467 USD
CY2020Q4 us-gaap Assets Current
AssetsCurrent
38553456 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
230918 USD
CY2020Q4 us-gaap Goodwill
Goodwill
4016722 USD
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
505556 USD
CY2020Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
1472684 USD
CY2020Q4 us-gaap Assets
Assets
44779336 USD
CY2020Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
2310974 USD
CY2020Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1924973 USD
CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
6634870 USD
CY2020Q4 us-gaap Notes Payable Current
NotesPayableCurrent
1477139 USD
CY2020Q4 us-gaap Liabilities Current
LiabilitiesCurrent
12347956 USD
CY2020Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
43808 USD
CY2020Q4 us-gaap Long Term Notes Payable
LongTermNotesPayable
459383 USD
CY2020Q4 us-gaap Liabilities
Liabilities
12851147 USD
CY2020Q4 us-gaap Common Stock Value
CommonStockValue
5005 USD
CY2020Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
102416131 USD
CY2020Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-70492947 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
31928189 USD
CY2020Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
44779336 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
17967207 USD
CY2020 us-gaap Cost Of Revenue
CostOfRevenue
7896078 USD
CY2020 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
5999671 USD
CY2020 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
8611423 USD
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
4300000 USD
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1652126 USD
CY2020 us-gaap Costs And Expenses
CostsAndExpenses
28459298 USD
CY2020 us-gaap Operating Income Loss
OperatingIncomeLoss
-10492091 USD
CY2020 us-gaap Interest Expense
InterestExpense
63012 USD
CY2020 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
46708 USD
CY2020 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-16304 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-10508395 USD
CY2020 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
41289705 shares
CY2020 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.25
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
14118240 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
31928189 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-10508395 USD
CY2020 us-gaap Depreciation
Depreciation
135077 USD
CY2020 izea Amortizationofsoftwaredevelopmentcostsandotherintangibleassets
Amortizationofsoftwaredevelopmentcostsandotherintangibleassets
1517049 USD
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
477993 USD
CY2020 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
22598 USD
CY2020 us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
125000 USD
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
4300000 USD
CY2020 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
154576 USD
CY2020 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-234938 USD
CY2020 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-155866 USD
CY2020 us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
151803 USD
CY2020 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-329041 USD
CY2020 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
543768 USD
CY2020 izea Changeincontractwithcustomerliability
Changeincontractwithcustomerliability
944289 USD
CY2020 izea Change In Lease Liability
ChangeInLeaseLiability
24024 USD
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2095651 USD
CY2020 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
19797 USD
CY2020 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
29183 USD
CY2020 izea Payments To Proceeds From Developed Software
PaymentsToProceedsFromDevelopedSoftware
363793 USD
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-354407 USD
CY2020 izea Proceeds From The Sale Of Securities Financing Activities
ProceedsFromTheSaleOfSecuritiesFinancingActivities
28455096 USD
CY2020 izea Proceeds From Employee Stock Purchase Plan And Stock Options Exercised
ProceedsFromEmployeeStockPurchasePlanAndStockOptionsExercised
7634 USD
CY2020 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
1936522 USD
CY2020 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
41219 USD
CY2020 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
747379 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
29610654 USD
CY2020 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
27160596 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5884629 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
33045225 USD
CY2020 us-gaap Interest Paid Net
InterestPaidNet
47290 USD
CY2020 izea Equipmentacquiredwithfinancingarrangement
Equipmentacquiredwithfinancingarrangement
43003 USD
CY2020 us-gaap Stock Issued1
StockIssued1
125000 USD
CY2019Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-60000000 USD
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
14100000 USD
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
816330 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
802910 USD
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
661145 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
571992 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
155185 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
230918 USD
CY2021 us-gaap Indefinitelived Intangible Assets Acquired
IndefinitelivedIntangibleAssetsAcquired
213263 USD
CY2021Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
6424732 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
6211469 USD
CY2020Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
6211469 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
5705913 USD
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
213263 USD
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
505556 USD
CY2021 us-gaap Indefinitelived Intangible Assets Acquired
IndefinitelivedIntangibleAssetsAcquired
213263 USD
CY2020 us-gaap Indefinitelived Intangible Assets Acquired
IndefinitelivedIntangibleAssetsAcquired
0 USD
CY2021Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
6424732 USD
CY2020Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
6211469 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
6211469 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
5705913 USD
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
213263 USD
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
505556 USD
CY2020 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 USD
CY2021 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 USD
CY2021 izea Proceeds From The Sale Of Digital Assets
ProceedsFromTheSaleOfDigitalAssets
-216675 USD
CY2021 izea Gain On Digital Asset
GainOnDigitalAsset
189307 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 Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
363793 USD
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2021Q4 us-gaap Goodwill
Goodwill
4016722 USD
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
4300000 USD
CY2021Q4 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2021Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
3036810 USD
CY2020Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
3036810 USD
CY2021Q4 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
2017210 USD
CY2020Q4 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
1564126 USD
CY2021Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
1019600 USD
CY2020Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
1472684 USD
CY2021 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
0 USD
CY2021Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
3036810 USD
CY2021Q4 us-gaap Accrued Salaries Current And Noncurrent
AccruedSalariesCurrentAndNoncurrent
2251284 USD
CY2020Q4 us-gaap Accrued Salaries Current And Noncurrent
AccruedSalariesCurrentAndNoncurrent
1504113 USD
CY2021Q4 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
76079 USD
CY2020Q4 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
286455 USD
CY2021Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
142131 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
103918 USD
CY2021Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
2502882 USD
CY2020Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
1924973 USD
CY2021 us-gaap Line Of Credit Facility Collateral Fees Amount
LineOfCreditFacilityCollateralFeesAmount
20000 USD
CY2021Q4 izea Line Of Credit Facility Annual Due Dilligence Fee
LineOfCreditFacilityAnnualDueDilligenceFee
1000 USD
CY2021Q4 izea Remaining Capitalized Loan Costs
RemainingCapitalizedLoanCosts
0 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
33388 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
42068 USD
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
75456 USD
CY2021Q4 izea Number Of Operating Lease Liabilities
NumberOfOperatingLeaseLiabilities
1 lease
CY2021 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
0.50
CY2021 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
0.50
CY2021 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
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RevenueFromContractWithCustomerExcludingAssessedTax
19678991 USD
us-gaap Cost Of Revenue
CostOfRevenue
9688870 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
6622128 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
7865510 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
949906 USD
us-gaap Costs And Expenses
CostsAndExpenses
25126414 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-5447423 USD
us-gaap Interest Expense
InterestExpense
24090 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2019379 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
1995289 USD
us-gaap Net Income Loss
NetIncomeLoss
-3452134 USD
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
59875142 shares
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.06
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
75468244 USD
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
74290500 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
31928189 USD
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
74290500 USD
us-gaap Net Income Loss
NetIncomeLoss
-3452134 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-1927220 USD
us-gaap Depreciation
Depreciation
98759 USD
izea Amortizationofsoftwaredevelopmentcostsandotherintangibleassets
Amortizationofsoftwaredevelopmentcostsandotherintangibleassets
851147 USD
us-gaap Share Based Compensation
ShareBasedCompensation
633219 USD
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
109784 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-21522 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1885823 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1429405 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-613330 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
516238 USD
izea Changeincontractwithcustomerliability
Changeincontractwithcustomerliability
3468207 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-3652080 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
33912 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
29824 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-4088 USD
izea Proceeds From The Sale Of Securities Financing Activities
ProceedsFromTheSaleOfSecuritiesFinancingActivities
46544688 USD
izea Proceeds From Employee Stock Purchase Plan And Stock Options Exercised
ProceedsFromEmployeeStockPurchasePlanAndStockOptionsExercised
59327 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
8642 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1094929 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
437644 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
45062800 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
41406632 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
33045225 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
74451857 USD
us-gaap Interest Paid Net
InterestPaidNet
5610 USD
izea Fairvalueofcommonstockissuedforfutureservices
Fairvalueofcommonstockissuedforfutureservices
147329 USD
izea Forgiveness Of Debt On The Ppp Loan
ForgivenessOfDebtOnThePPPLoan
1927220 USD

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