Inuvo, Inc. INUV Cash Flow

Inuvo, inc. (INUV)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Operating activities:
Net loss
-2,825	-	-	-	-2,462	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss
-	-	-	-	-	-	-1,441	-832	-1,408	1,003	-986	-1,382	-1,693	-308	-263	-574	374	617	651	445	626	645	402	382	674	-253	639	381	-290	-863	-1,320	-2,964	-1,874	-4,383	-1,367	-1,831	-1,393	-681	-2,232	-1,060	-1,031
Adjustments to reconcile net loss to net cash used in operating activities:
Loss on extinguishment of convertible debt
-68	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Corporate headquarters relocation costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,182	-	-	0	0	-	-	-	-	-	-	-	-
Adjustment of European liabilities related to discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	249	-	-	-	-
Settlement of tax liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	406	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
835	946	750	724	823	809	794	785	791	790	804	741	693	551	556	561	540	500	463	472	370	428	424	441	454	491	608	703	1,252	1,387	1,977	2,670	1,286	1,010	1,039	1,019	1,144	1,285	1,178	1,253	1,350
Depreciation-Right of Use Assets
105	46	-160	291	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-724	49	-53	372	-	-	-	-
Cost of litigation settlement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Deferred compensation and restricted stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Stock based compensation
208	195	447	49	96	87	159	289	377	356	336	293	292	262	315	327	359	321	251	82	51	333	279	248	130	146	239	110	189	210	245	191	195	438	365	551	175	210	246	237	95
Mark to market fair value of derivative
71	-	-	-	333	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of financing fees
10	15	16	6	21	21	6	6	6	6	6	6	6	6	6	6	6	6	3	0	9	9	6	8	4	6	6	20	0	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of debt discount
14	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Grant funds received for relocation costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,137	-	-	-	0	-	-	-	-	-	-	-	-
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-75	0	0	75	75	75	75	83	-	-	-	0	-	-	-	-	-	-	-	-
Gain on litigation settlement - discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-256	-	-	-	-
Adjustment of European liabilities related to discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	249	-	-	-	-
(Recovery)/Provision for doubtful accounts
-	-	-	-	-	-	-	-	-	-	-	-	-	0	6	-0	-0	7	0	-12	-0	-1	9	-1	17	-92	-44	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of OID interest expense
10	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Adjustment of European liabilities related to discontinued operations
-	-	-	-	-	-	-	-	-	-	0	0	-1	-	171	0	5	-	45	-9	20	-	33	89	-30	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on Litigation Settlement - discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Provision for doubtful accounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	64	129	217	81
Change in operating assets and liabilities:
Other, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-
Restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	477	-340	31	406	96	-35
Accounts receivable
-1,737	1,545	1,051	-1,066	-557	1,124	-2,003	120	-3,300	979	2,296	680	-2,740	1,263	1,013	250	-1,944	943	-176	-1,052	2,287	4	1,353	-166	327	-806	-430	-648	-75	-930	1,078	261	-2,220	-572	355	1,563	-336	1,135	-449	-1,080	73
Prepaid expenses, unbilled revenue and other current assets
120	-	29	-60	19	-	-66	89	-98	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13	-15	-28	-10	-30	-23
Accrued expenses and other liabilities
108	-102	1,279	-421	592	28	-518	111	-38	298	-411	434	-989	-71	-54	4	-299	-1,117	59	841	-837	688	37	206	11	-263	-481	-308	1,031	-1,635	2,218	-1,910	-1,309	106	150	-515	321	-136	543	-317	-181
Prepaid expenses and other assets
-	-	-	-	-	-	-	-	-	-	-	-	-109	-76	-27	-50	-64	20	3	52	-57	-134	-128	55	-98	-253	8	264	-55	-325	-243	192	-215	-196	66	-7	97	-16	66	-103	14
Accounts payable
594	985	-2,989	1,016	-990	478	-1,170	-923	-2,498	1,536	2,328	-583	-2,844	1,407	628	-247	-2,411	1,306	573	1,357	1,307	-1,018	1,227	-186	-541	-1,001	-189	-781	-1,529	402	-1,608	1,308	141	2,065	-350	-1,315	319	-166	26	659	529
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-96	-9	-2	-14	17	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-11	-	-	-	0	-	-172	148	21	-	-14	13	0	-	-	-	-	-	-	-	-
Net cash (used in) provided by operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-122	573	908	2,130	4,184	-1,116	1,216	1,130	1,216	380	-83	1,230	9	653	-	-	-	874	-584	409	35	338	1,603	1,388	-128	872
Net cash used in operating activities of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-60	-10	-80	-296	0	-143	533	-202	-578
Net cash provided by/(used in) operating activities
821	-695	-3,932	337	-1,047	-1,816	-129	-783	629	1,814	-123	-1,154	-1,684	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	670	-1,117	814	-594	329	-260	338	1,460	1,922	-330	294
Investing activities:
Purchases of equipment and capitalized development costs
310	301	311	271	310	334	358	427	514	495	442	469	151	186	233	322	372	475	473	337	239	183	281	196	178	-200	197	164	517	43	222	496	131	31	185	197	47	1,334	-192	-175	-307
Net cash received from NetSeer asset acquisition
-	-	-	-	-	-	-	-	-	0	0	0	235	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Grant funds received for equipment and office construction
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-
Acquisition of Vertro, Inc., net of stock issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	319	-38	46	-14	2,439	-	-	-	-	-	-	-	-
Net cash received from merger with Vertro, Inc., net of merger costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Purchase of names database and bundled downloads
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	191	689	1,476	707	423	600	626	917	3,821	-342	-426	-608
Net cash used in investing activities
-310	-301	-311	-271	-310	-334	-358	-427	-514	-495	-442	-469	84	-186	-233	-322	-372	-475	-473	-337	-239	-183	-281	-196	-178	-159	-197	-123	-197	-272	-866	-1,988	1,600	-455	-785	-823	-965	155	-287	-601	-915
Financing activities:
Proceeds from sale of common stock, net
1,206	-0	4,414	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from ValidClick licensing agreement
500	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from financed receivables
-	-	-	-	-	1,859	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Refund of (Prepaid) financing fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	0	0	0	-	-	-	-	-	-	-	-
Net (payments) proceeds on revolving credit line
-	-	-	-	-	-	-	-	-	-100	0	1,400	3,600	-	0	0	0	-	-	-	-	-1,077	-1,672	-500	-761	-2,370	-1,482	-1,717	-2,000	-5,140	0	3,459	-3,459	-	-	-	-	-	-	-	-
Proceeds from convertible promissory notes
0	0	0	0	1,200	1,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from line of credit
1,878	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from financed receivables
0	-	-	-	231	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Payments)/Proceeds on note payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	69,044	-11,223	-5,657	-9,302
(Payments)/Proceeds on note payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	14,925	10,734	6,560	7,848
Payments on finance lease obligations
220	47	46	50	54	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from term note
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	5,000	-	-	-	-	-	-	-	-
Payments on finance/capital leases
-	-	-	-	-	53	53	51	53	61	70	19	7	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,867	-828	-456	-956
Prepaid financing fees and other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1	36	-	-	-	-	-	-	-	-	-	-	-	-
Net taxes paid on RSU grants exercised
21	-0	36	9	0	-	-	-	-	-	-	-	-	63	128	0	11	109	0	-0	251	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Return to collateralize letter of credit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-301	0	-174	0	475	335	0	475	-475	-	-	-	-
Net proceeds on revolving line of credit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	850	350	600	750	2,450	1,275	2,100	1,400	1,500	808	3,000	0	2,673	234	-1,906	6,302	-	-	-	-
Payoff of NetSeer debt acquired
-	-	-	-	-	-	-	-	-	0	0	0	2,015	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on capital leases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	11	13	12	14	1,514	197	183	647	1,511	345	604	335	340	343	348	3,569	-874	-3,550	0	-	-	-	-	-	-	-	-
Payments on term note payable and capital leases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,569	-874	-3,550	0	-	-	-	-	-	-	-	-
Deposit to collateralize letter of credit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-174	0	475	335	0	475	-475	-	-	-	-
Payments on credit note payable and capital leases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,507	-	-	-	-
Net cash (used in)/provided by financing activities
-412	655	3,962	680	1,377	-1,810	561	1,182	-53	-135	-212	1,380	1,577	-68	-140	-13	-24	-98	-1,514	-1,990	-434	-778	-790	-341	-615	-255	-548	39	-611	-170	109	2,908	1,065	-105	-299	1,187	2,320	-3,142	-1,317	447	-2,410
Net change – cash
97	-341	-281	747	19	-3,961	72	-28	61	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Effect of exchange rate changes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-0	-0	0	-	-	-	-	-	-	-	-	-	-	-	-
Effect of exchange rate changes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5	0	0	0	0	-	-	-	-
Accumulated other comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Net change – cash
-	-	-	-	-	-	-	-	-	1,182	-778	-242	-23	308	-336	-458	176	335	142	1,855	-1,790	254	58	678	-414	-498	484	-74	-155	180	-81	-208	3,486	-1,155	-754	102	1,693	-1,525	317	-485	-3,031
Supplemental information:
Interest paid
126	-	-	-	117	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid
-	-	-	-	-	-	-	89	94	-	-	79	25	17	20	16	18	19	31	34	37	52	75	86	74	73	80	84	88	73	0	172	66	-76	41	86	185	119	137	150	140
Income taxes paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	97	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non cash investing and financing activities:
Adoption of ASC 842
0	-263	0	0	1,437	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Conversion of Debt and derecognition of derivative and discounts to common stock
468	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Assets purchased under finance lease obligations
364	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
2017 asset acquisition stock issuance (See Note 13)
-	-	-	-	-	-	-	-	-	-	0	0	4,459	0	0	300	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of stock as settlement of deferred compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-
Purchase of property and equipment under capital lease
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	19
Write-down of domain names due to settlement of contingent liability
-	-	-	-	-	-	-	-	-	147	0	0	222	-3	0	46	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restricted Advances on term note payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0