Inuvo Inc. (INUV) Financial Statements (2024 and earlier)

Company Profile

Business Address 500 PRESIDENT CLINTON AVE., STE. 300
LITTLE ROCK, AR 72201
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 731 - Advertising (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:4,4007,0005,0002,0004,5007,700
Cash and cash equivalents 7,0005,0002,0002,931 
Short-term investments     1,5291,871
Other undisclosed cash, cash equivalents, and short-term investments 4,400   395,829
Receivables9,22710,16010,7969,12111,1209,557
Prepaid expense1,076959 9707991,093
Other undisclosed current assets40(22)874(30)(39)(48)
Total current assets:14,74418,09716,66912,06116,38018,302
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization7394111138169129
Operating lease, right-of-use asset806883129221310398
Property, plant and equipment1,6811,6821,6801,6871,6691,693
Long-term investments and receivables     660620
Long-term investments     660620
Intangible assets, net (including goodwill)14,51814,76415,01015,25715,50315,749
Goodwill9,8539,8539,8539,8539,8539,853
Intangible assets, net (excluding goodwill)4,6654,9115,1575,4035,6495,895
Other noncurrent assets5380 676735
Other undisclosed noncurrent assets500575685725800875
Total noncurrent assets:17,63118,07817,61518,09519,17819,498
TOTAL ASSETS:32,37436,17634,28530,15535,55737,800
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities14,35916,20714,43410,44013,20712,799
Taxes payable2
Employee-related liabilities864
Accounts payable6,4327,7666,1935,5078,0455,652
Accrued liabilities7,9268,4418,2414,9335,1626,282
Debt51637467910193
Other undisclosed current liabilities123170120210288(523)
Total current liabilities:14,53216,44014,62811,32913,59612,368
Noncurrent Liabilities
Long-term debt and lease obligation182433517196
Finance lease, liability182433517140
Liabilities, other than long-term debt841842121127142121
Deferred income tax liabilities89107107107107107
Other liabilities 018471114
Operating lease, liability75271710122457
Total noncurrent liabilities:859867154177212217
Total liabilities:15,39217,30714,78211,50613,80812,585
Equity
Equity, attributable to parent16,98218,86919,50318,64921,74925,215
Common stock138138138122120120
Additional paid in capital184,291183,777183,240179,025178,772178,308
Accumulated other comprehensive loss     (85)(133)
Accumulated deficit(167,447)(165,046)(163,875)(160,498)(157,058)(153,081)
Total equity:16,98218,86919,50318,64921,74925,215
TOTAL LIABILITIES AND EQUITY:32,37436,17634,28530,15535,55737,800

Income Statement (P&L) ($ in thousands)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Revenues20,84224,57116,65111,84717,27117,072
Cost of revenue(2,644)(2,275)(2,369)(3,191)(5,527)(6,782)
Cost of goods and services sold(2,644)(2,275) (3,191) (6,782)
Gross profit:18,19922,29614,2838,65711,74410,290
Operating expenses(20,626)(23,487)(17,622)(12,092)(15,676)(14,064)
Operating loss:(2,427)(1,191)(3,339)(3,435)(3,933)(3,774)
Nonoperating income (expense)  0 14(34)(24)
Other nonoperating income (expense)  0 14 (24)
Loss from continuing operations before income taxes:(2,427)(1,191)(3,339)(3,421)(3,967)(3,797)
Other undisclosed loss from continuing operations (18)     
Loss from continuing operations:(2,445)(1,191)(3,339)(3,421)(3,967)(3,797)
Loss before gain (loss) on sale of properties:(3,797)
Other undisclosed net income (loss)20,785     
Net income (loss):18,341(1,191)(3,339)(3,421)(3,967)(3,797)
Other undisclosed net income (loss) attributable to parent (20,742)20(38)(19)(10)(13)
Net loss available to common stockholders, diluted:(2,401)(1,171)(3,377)(3,440)(3,977)(3,811)

Comprehensive Income ($ in thousands)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Net income (loss):18,341(1,191)(3,339)(3,421)(3,967)(3,797)
Comprehensive income (loss):18,341(1,191)(3,339)(3,421)(3,967)(3,797)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (20,742)20(38)663823
Comprehensive loss, net of tax, attributable to parent:(2,401)(1,171)(3,377)(3,355)(3,929)(3,774)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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