Inuvo Inc

For the period ended Dec 31, 2024. Filed Feb 27, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 27, 2025

INUV$0.38-3.0%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets

For the Years Ended December 31,

	2024	2023
Assets
Current assets
Cash and cash equivalents	$2,459,245	$4,440,454
Accounts receivable, net of allowance for credit losses of $144,625 and $1,645,045, respectively	12,545,771	9,226,956
Prepaid expenses and other current assets	639,805	1,076,121
Total current assets	15,644,821	14,743,531
Property and equipment, net	1,792,903	1,680,788
Other assets
Right of use assets - operating lease	913,439	805,786
Right of use assets - finance lease	18,209	72,560
Referral and support services agreement advance	—	500,000
Intangible assets, net of accumulated amortization	3,894,875	4,664,791
Goodwill	9,853,342	9,853,342
Other assets	78,342	53,346
Total other assets	14,758,207	15,949,825
Total assets	$32,195,931	$32,374,144
Liabilities and Stockholders’ Equity
Current liabilities
Accounts payable	$8,422,351	$6,432,120
Accrued expenses and other current liabilities	9,185,461	7,926,479
Lease liability - operating lease	259,867	123,074
Lease liability - finance lease	18,209	50,801
Total current liabilities	17,885,888	14,532,474
Long-term liabilities
Deferred tax liability	97,266	89,238
Lease liability - operating lease	738,005	751,821
Lease liability - finance lease	—	18,209
Other long-term liabilities	—	216
Total long-term liabilities	835,271	859,484
Stockholders’ equity
Preferred stock, $0.001 par value:
Authorized shares - 500,000 - none issued and outstanding	—	—
Common stock, $0.001 par value:
Authorized shares 200,000,000; issued and outstanding shares 140,502,039 and 137,983,918 respectively;	140,501	137,983
Additional paid-in capital	186,543,283	184,291,414
Accumulated other comprehensive income	—	—
Accumulated deficit	(173,209,012)	(167,447,211)
Total stockholders' equity	13,474,772	16,982,186
Total liabilities and stockholders' equity	$32,195,931	$32,374,144

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.