2024 Q3 Form 10-Q Financial Statement

#000149523124000157 Filed on August 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2 2023 Q2
Revenue $8.832M $9.094M $10.69M
YoY Change 11.87% -14.92% -15.01%
Cost Of Revenue $5.210M $5.178M $6.255M
YoY Change 11.2% -17.22% -13.28%
Gross Profit $3.622M $3.916M $4.435M
YoY Change 12.84% -11.69% -17.34%
Gross Profit Margin 41.01% 43.06% 41.49%
Selling, General & Admin $8.719M $6.580M $6.000M
YoY Change 52.09% 9.66% 5.84%
% of Gross Profit 240.75% 168.01% 135.3%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $239.8K $225.7K $110.4K
YoY Change 104.05% 104.42% -20.26%
% of Gross Profit 6.62% 5.76% 2.49%
Operating Expenses $8.719M $6.580M $6.000M
YoY Change 52.09% 9.66% 5.84%
Operating Profit -$9.354M -$2.889M -$1.676M
YoY Change 254.17% 72.42% 279.0%
Interest Expense -$53.35K $1.999K $3.155K
YoY Change -3325.51% -36.64% 287.12%
% of Operating Profit
Other Income/Expense, Net $552.3K $606.2K $642.4K
YoY Change -16.09% -5.63% 135.93%
Pretax Income -$8.802M -$2.283M -$1.033M
YoY Change 343.88% 120.93% 508.29%
Income Tax $33.62K $88.30K $0.00
% Of Pretax Income
Net Earnings -$8.768M -$2.195M -$1.033M
YoY Change 342.19% 112.38% 508.29%
Net Earnings / Revenue -99.28% -24.14% -9.67%
Basic Earnings Per Share -$0.52 -$0.13 -$0.07
Diluted Earnings Per Share -$0.52 -$0.13 -$0.07
COMMON SHARES
Basic Shares Outstanding 16.45M shares 16.34M shares 62.65M shares
Diluted Shares Outstanding 16.96M shares 16.44M shares 15.52M shares

Balance Sheet

Concept 2024 Q3 2024 Q2 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $54.38M $56.49M $65.06M
YoY Change -13.29% -13.18% 46.48%
Cash & Equivalents $45.96M $44.30M $31.22M
Short-Term Investments $8.419M $12.18M $33.84M
Other Short-Term Assets $212.5K $43.45K $29.58K
YoY Change 240.61% 46.89% 64.56%
Inventory
Prepaid Expenses $1.641M $1.046M $1.497M
Receivables $6.488M $5.617M $6.318M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $62.72M $62.30M $53.15M
YoY Change 8.38% 17.2% -3.17%
LONG-TERM ASSETS
Property, Plant & Equipment $136.9K $155.8K $234.5K
YoY Change -36.69% -33.55% 154.72%
Goodwill $1.263M $5.282M $4.017M
YoY Change -68.55% 31.5% 0.0%
Intangibles $64.95K
YoY Change -10.45%
Long-Term Investments $0.00 $897.0K $19.75M
YoY Change -100.0% -95.46% -23.59%
Other Assets
YoY Change
Total Long-Term Assets $5.417M $10.44M $25.87M
YoY Change -71.36% -59.63% -16.87%
TOTAL ASSETS
Total Short-Term Assets $62.72M $62.30M $53.15M
Total Long-Term Assets $5.417M $10.44M $25.87M
Total Assets $68.14M $72.74M $79.02M
YoY Change -11.26% -7.95% -8.13%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.276M $1.306M $2.117M
YoY Change -12.7% -38.3% 17.49%
Accrued Expenses $4.074M $3.162M $2.094M
YoY Change 108.43% 50.98% -13.51%
Deferred Revenue $9.120M $7.200M $8.257M
YoY Change 4.77% -12.8% -13.37%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $59.39K $59.39K $69.81K
YoY Change -0.01% -14.93% 6.81%
Total Short-Term Liabilities $14.51M $11.64M $12.57M
YoY Change 18.59% -7.4% -8.78%
LONG-TERM LIABILITIES
Long-Term Debt $18.88K $33.73K $93.11K
YoY Change -75.88% -63.77%
Other Long-Term Liabilities $51.02K $0.00 $0.00
YoY Change
Total Long-Term Liabilities $69.90K $33.73K $93.11K
YoY Change -10.69% -63.77%
TOTAL LIABILITIES
Total Short-Term Liabilities $14.51M $11.64M $12.57M
Total Long-Term Liabilities $69.90K $33.73K $93.11K
Total Liabilities $14.85M $11.97M $12.67M
YoY Change 20.56% -5.55% -8.11%
SHAREHOLDERS EQUITY
Retained Earnings -$99.67M -$90.91M -$81.94M
YoY Change 18.76% 10.94% 7.42%
Common Stock $1.731K $1.677K $1.574K
YoY Change 9.56% 6.54% -74.7%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.078M $1.020M $705.4K
YoY Change 5.64% 44.6%
Treasury Stock Shares
Shareholders Equity $53.29M $60.77M $66.36M
YoY Change
Total Liabilities & Shareholders Equity $68.14M $72.74M $79.02M
YoY Change -11.26% -7.95% -8.13%

Cashflow Statement

Concept 2024 Q3 2024 Q2 2023 Q2
OPERATING ACTIVITIES
Net Income -$8.768M -$2.195M -$1.033M
YoY Change 342.19% 112.38% 508.29%
Depreciation, Depletion And Amortization $239.8K $225.7K $110.4K
YoY Change 104.05% 104.42% -20.26%
Cash From Operating Activities -$1.401M -$3.915M -$1.377M
YoY Change -25.09% 184.32% -25.16%
INVESTING ACTIVITIES
Capital Expenditures $280.6K $378.3K $299.4K
YoY Change 3.26% 26.37% -266.23%
Acquisitions
YoY Change
Other Investing Activities $3.669M $9.653M $7.473M
YoY Change -43.19% 29.16% -112.63%
Cash From Investing Activities $3.388M $9.274M $7.174M
YoY Change -45.23% 29.28% -112.09%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -365.6K -79.28K -730.0K
YoY Change 4.31% -89.14% 7077.78%
NET CHANGE
Cash From Operating Activities -1.401M -3.915M -1.377M
Cash From Investing Activities 3.388M 9.274M 7.174M
Cash From Financing Activities -365.6K -79.28K -730.0K
Net Change In Cash 1.622M 5.280M 5.067M
YoY Change -59.1% 4.21% -108.28%
FREE CASH FLOW
Cash From Operating Activities -$1.401M -$3.915M -$1.377M
Capital Expenditures $280.6K $378.3K $299.4K
Free Cash Flow -$1.681M -$4.293M -$1.676M
YoY Change -21.49% 156.11% 0.99%

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24600960 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
44301866 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
31223220 usd
us-gaap Interest Paid Net
InterestPaidNet
4000 usd
us-gaap Interest Paid Net
InterestPaidNet
4553 usd
us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
0 usd
us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
83508 usd
us-gaap Stock Issued1
StockIssued1
150006 usd
us-gaap Stock Issued1
StockIssued1
150009 usd
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>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.
CY2024Q2 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 usd
CY2024Q2 izea Cash Cdic Insured Amount
CashCDICInsuredAmount
100000 cad
CY2024Q2 izea Cash Australian Financial Claims Scheme Insured Amount
CashAustralianFinancialClaimsSchemeInsuredAmount
250000 aud
CY2024Q2 us-gaap Cash Uninsured Amount
CashUninsuredAmount
43600000 usd
CY2023Q4 us-gaap Cash Uninsured Amount
CashUninsuredAmount
36700000 usd
CY2024Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
5600000 usd
CY2024Q2 us-gaap Accounts Receivable Gross
AccountsReceivableGross
5600000 usd
CY2024Q2 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
54217 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
5000000.0 usd
CY2023Q4 izea Accounts Receivable Excluding Contract Asset
AccountsReceivableExcludingContractAsset
4900000 usd
CY2023Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
83697 usd
CY2024Q2 izea Accounts Receivable Less Than90 Days From Due Percentage
AccountsReceivableLessThan90DaysFromDuePercentage
0.011
CY2024Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
205000 usd
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
155000 usd
CY2023 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
50000 usd
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. 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 one customer that accounted for more than 10% of total accounts receivable at June 30, 2024 and one customer that accounted for more than 10% of total accounts receivable at December 31, 2023. The Company had two customers each that accounted for more than 10% of its revenue during the six months ended June 30, 2024 and one customer that accounted for more than 10% of its revenue during the six months ended June 30, 2023.
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
us-gaap Number Of Reporting Units
NumberOfReportingUnits
1 reporting_unit
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2023Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
7632 usd
izea Amortization Period Of Software Development Costs
AmortizationPeriodOfSoftwareDevelopmentCosts
P5Y
izea Invoice Payment Terms
InvoicePaymentTerms
P30D
izea Contract Assets And Contract Liabilities Length Of Agreement With Customers
ContractAssetsAndContractLiabilitiesLengthOfAgreementWithCustomers
P1Y
izea Recognized Gain On Contingent Liability At Measurement Date
RecognizedGainOnContingentLiabilityAtMeasurementDate
175000 usd
CY2023Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Deferred Tax Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDeferredTaxLiabilities
400750 usd
izea Recognized Gain On Contingent Liability At Measurement Date
RecognizedGainOnContingentLiabilityAtMeasurementDate
175000 usd
izea Recognized Gain On Contingent Liability At Measurement Date
RecognizedGainOnContingentLiabilityAtMeasurementDate
175000 usd
CY2023Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
18400 usd
CY2024Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
56585129 usd
CY2024Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
5275 usd
CY2024Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
105058 usd
CY2024Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
56485346 usd
CY2024Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
44301866 usd
CY2024Q2 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
11286453 usd
CY2024Q2 us-gaap Marketable Securities Noncurrent
MarketableSecuritiesNoncurrent
897027 usd
CY2024Q2 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
11286453 usd
CY2023Q4 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
17126057 usd
CY2024Q2 us-gaap Marketable Securities Noncurrent
MarketableSecuritiesNoncurrent
897027 usd
CY2023Q4 us-gaap Marketable Securities Noncurrent
MarketableSecuritiesNoncurrent
9618996 usd
CY2024Q2 us-gaap Marketable Securities
MarketableSecurities
12183480 usd
CY2023Q4 us-gaap Marketable Securities
MarketableSecurities
26745053 usd
CY2024Q2 izea Financial Assets Fair Value Disclosure
FinancialAssetsFairValueDisclosure
56485346 usd
CY2024Q2 us-gaap Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax
-99783 usd
CY2023Q4 izea Financial Assets Fair Value Disclosure
FinancialAssetsFairValueDisclosure
64191781 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax
-250591 usd
CY2024Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
321252 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
320304 usd
CY2024Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
165417 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
114927 usd
CY2024Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
155835 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
205377 usd
us-gaap Depreciation
Depreciation
53258 usd
us-gaap Depreciation
Depreciation
45946 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1800000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1800000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1766015 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
141064 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1624951 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1765508 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
16067 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1749441 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1766015 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1765508 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
141064 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
16067 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1624951 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1749441 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
155325 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
257032 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
232877 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
208721 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
184566 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
586430 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1624951 usd
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 usd
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 usd
CY2024Q2 us-gaap Crypto Asset Fair Value
CryptoAssetFairValue
243020 usd
CY2024Q2 izea Loss On Crypto Asset
LossOnCryptoAsset
26044 usd
izea Gain On Crypto Assets
GainOnCryptoAssets
80115 usd
CY2022Q4 us-gaap Goodwill
Goodwill
4016722 usd
CY2023 us-gaap Goodwill Other Increase Decrease
GoodwillOtherIncreaseDecrease
1265155 usd
CY2023 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-1505 usd
CY2023Q4 us-gaap Goodwill
Goodwill
5280372 usd
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
1516 usd
CY2024Q2 us-gaap Goodwill
Goodwill
5281888 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2024Q2 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
5827554 usd
CY2023Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
5390403 usd
CY2024Q2 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
3586117 usd
CY2023Q4 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
3333431 usd
CY2024Q2 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
2241437 usd
CY2023Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
2056972 usd
izea Number Of Software Developments
NumberOfSoftwareDevelopments
2 platform
CY2024Q2 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
363474 usd
us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
437152 usd
CY2023Q2 us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
281009 usd
us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
437877 usd
CY2024Q2 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
5800000 usd
CY2024Q2 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
124381 usd
CY2023Q2 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
83272 usd
us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
252686 usd
us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
410748 usd
CY2024Q2 izea Capitalized Computer Software Expected Amortization
CapitalizedComputerSoftwareExpectedAmortization
249961 usd
CY2024Q2 izea Capitalized Computer Software Expected Amortization Year One
CapitalizedComputerSoftwareExpectedAmortizationYearOne
566654 usd
CY2024Q2 izea Capitalized Computer Software Expected Amortization Year Two
CapitalizedComputerSoftwareExpectedAmortizationYearTwo
560906 usd
CY2024Q2 izea Capitalized Computer Software Expected Amortization Year Three
CapitalizedComputerSoftwareExpectedAmortizationYearThree
526871 usd
CY2024Q2 izea Capitalized Computer Software Expected Amortization Year Four
CapitalizedComputerSoftwareExpectedAmortizationYearFour
257843 usd
CY2024Q2 izea Capitalized Computer Software Expected Amortization Year Five
CapitalizedComputerSoftwareExpectedAmortizationYearFive
79202 usd
CY2024Q2 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
2241437 usd
CY2024Q2 us-gaap Accrued Salaries Current And Noncurrent
AccruedSalariesCurrentAndNoncurrent
2469962 usd
CY2023Q4 us-gaap Accrued Salaries Current And Noncurrent
AccruedSalariesCurrentAndNoncurrent
2153617 usd
CY2024Q2 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
90773 usd
CY2023Q4 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
253677 usd
CY2024Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
59386 usd
CY2023Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
59386 usd
CY2024Q2 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
541708 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
616780 usd
CY2024Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
3161829 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
3083460 usd
CY2024Q2 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.078
CY2024Q2 us-gaap Long Term Debt Term
LongTermDebtTerm
P3Y
CY2024Q2 us-gaap Long Term Debt
LongTermDebt
93113 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
122805 usd
CY2024Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
59386 usd
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
59386 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
4000 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
3103 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
29693 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
56683 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
6737 usd
CY2024Q2 us-gaap Long Term Debt
LongTermDebt
93113 usd
us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
0.50
us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
0.50
us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.08
us-gaap Defined Contribution Plan Employers Matching Contribution Annual Vesting Percentage
DefinedContributionPlanEmployersMatchingContributionAnnualVestingPercentage
0.20
izea Defined Contribution Plan Employers Matching Contribution Years Of Service
DefinedContributionPlanEmployersMatchingContributionYearsOfService
P2Y
izea Defined Contribution Plan Employers Matching Contribution Years Of Service
DefinedContributionPlanEmployersMatchingContributionYearsOfService
P2Y
CY2024Q2 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
84931 usd
CY2023Q2 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
79317 usd
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
195032 usd
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
155519 usd
CY2024Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
50000000 shares
CY2024Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2024Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2023Q1 srt Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
1000000 shares
CY2023Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
365855 shares
CY2023Q1 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
1.23
CY2023Q1 us-gaap Treasury Stock Common Value
TreasuryStockCommonValue
1000000 usd
CY2024Q2 srt Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
5000000 shares
CY2024Q2 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
0 shares
CY2024Q2 izea Preferred Shares Outstanding At Reverse Stock Split
PreferredSharesOutstandingAtReverseStockSplit
0 shares
CY2023Q4 izea Common Stock Capital Shares Reserved For Future Issuance Period Increase Decrease
CommonStockCapitalSharesReservedForFutureIssuancePeriodIncreaseDecrease
1800000 shares
CY2023Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
1875000 shares
CY2023Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
3675000 shares
CY2023 izea Numberofindependentdirectors
Numberofindependentdirectors
5 director
izea Numberofindependentdirectors
Numberofindependentdirectors
5 director
izea Percentageofindividualownershipofcommonstock
Percentageofindividualownershipofcommonstock
0.10
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
313 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
50 usd
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
0 usd
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
74149 usd
CY2024Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
74149 usd
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
96479 usd
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
119124 usd
CY2024Q2 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
44514 usd
CY2023Q2 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
54780 usd
CY2024Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2024Q2 us-gaap Preferred Stock Dividend Rate Per Dollar Amount
PreferredStockDividendRatePerDollarAmount
8.25
CY2024Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
394931 usd
CY2023Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
207875 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
749120 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
403399 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
-2194828 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-1033426 usd
us-gaap Net Income Loss
NetIncomeLoss
-5460678 usd
us-gaap Net Income Loss
NetIncomeLoss
-3839765 usd
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16437460 shares
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16437460 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
15520700 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
15520700 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16470467 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16470467 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
15551785 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
15551785 shares
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.13
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.13
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.07
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.07
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.33
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.33
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.25
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.25
CY2024Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1788948 shares
CY2023Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
826655 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1744500 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
813522 shares
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
9093816 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
10689059 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
16046699 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
19426781 usd
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
9093816 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
10689059 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
16046699 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
19426781 usd
CY2024Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
5617269 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
5012373 usd
CY2024Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
7176694 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
8891205 usd
izea Length Of Contract With Customers
LengthOfContractWithCustomers
P1Y
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
8900000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
7600000 usd
CY2024Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
7200000 usd
CY2023Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
5700000 usd
CY2024Q2 us-gaap Accounts Receivable Noncurrent Originated In Current Fiscal Year
AccountsReceivableNoncurrentOriginatedInCurrentFiscalYear
300000 usd
izea Contract Length For Sales Commissions Payment
ContractLengthForSalesCommissionsPayment
1
izea Performance Obligation Contract Term
PerformanceObligationContractTerm
P1Y
CY2024Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
88296 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
107078 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2024Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.039
CY2023Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.019
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0

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exhibit31120240812.htm Edgar Link pending
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