Inuvo Inc
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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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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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
| 2024 | 2023 | |
|---|---|---|
| Operating activities: | ||
| Net loss | $(5,761,801) | $(10,389,653) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 2,515,177 | 2,655,368 |
| Amortization of right of use assets - financing | 54,356 | 96,190 |
| Amortization of right of use assets - operating lease | 227,628 | 609,524 |
| Stock based compensation | 1,501,444 | 1,986,296 |
| Gain on marketable securities | — | (14,668) |
| Amortization of financing fees | 20,000 | 8,333 |
| Impairment and amortization of referral and support services agreement advance | 800,000 | 300,000 |
| Adjustment to expected losses on accounts receivable | (1,442,533) | 786,549 |
| Stock warrant income | — | (7,905) |
| Deferred income tax expense (benefit) | 8,028 | (17,764) |
| Derecognition of contingency and grant | (35,000) | — |
| Change in operating assets and liabilities: | ||
| Accounts receivable | (1,876,282) | 1,106,387 |
| Prepaid expenses, other current assets and other assets | 111,320 | (263,569) |
| Accounts payable | 1,990,231 | (1,612,682) |
| Accrued expenses and other liabilities | 2,329,295 | 2,745,173 |
| Lease liability - operating lease | (212,309) | (541,654) |
| Net cash provided by/(used in) operating activities | 229,554 | (2,554,075) |
| Investing activities: | ||
| Capitalized software development costs and purchases of equipment | (1,857,375) | (1,682,683) |
| Proceeds from the sale of marketable securities | — | 2,288,873 |
| Net cash provided by/(used in) investing activities | (1,857,375) | 606,190 |
| Financing activities: | ||
| Gross proceeds from line of credit | — | 592,868 |
| Repayments on line of credit | — | (592,868) |
| Proceeds from sale of common stock, net of expenses | — | 3,665,000 |
| Payments on finance/capital leases | (50,801) | (102,340) |
| Net taxes paid on RSU grants exercised | (302,587) | (166,872) |
| Proceeds from at-the-market sales | — | 61,136 |
| Net cash provided by/(used in) financing activities | (353,388) | 3,456,924 |
| Net change – cash | (1,981,209) | 1,509,039 |
| Cash and cash equivalent, beginning of year | 4,440,454 | 2,931,415 |
| Cash and cash equivalent, end of year | $2,459,245 | $4,440,454 |
| Supplemental information: | ||
| Interest paid | $337,961 | $105,148 |
| Noncash investing and financing activities: | ||
| Acquisition of right of use asset for operating lease liability | $335,286 | $1,105,148 |
| Issuance of 3,287,537 restricted stock units to settle accrued incentive liability | $1,055,530 | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.