Inuvo, inc. (INUV)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
Operating activities:
Net loss

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss

-

-

-

-

-

-

-2,678

-2,222

-2,772

-3,057

-4,370

-3,647

-2,839

-772

153

1,067

2,087

2,339

2,367

2,119

2,056

2,105

1,206

1,443

1,442

477

-133

-2,093

-5,439

-7,022

-10,542

-10,590

-9,457

-8,976

-5,274

-6,138

-5,368

-5,006

0

0

0

Adjustments to reconcile net loss to net cash used in operating activities:
Loss on extinguishment of convertible debt

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Corporate headquarters relocation costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

0

0

-

-

-

-

-

-

-

-

Adjustment of European liabilities related to discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

0

-

-

-

-

Settlement of tax liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

406

406

406

406

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

3,257

3,245

3,108

3,153

3,213

3,181

3,162

3,171

3,128

3,029

2,790

2,542

2,362

2,209

2,158

2,066

1,977

1,807

1,735

1,696

1,665

1,749

1,812

1,995

2,257

3,055

3,951

5,320

7,288

7,321

6,944

6,006

4,355

4,213

4,488

4,627

4,861

5,067

0

0

0

Depreciation-Right of Use Assets

282

177

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-356

0

0

0

-

-

-

-

Cost of litigation settlement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Deferred compensation and restricted stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Stock based compensation

901

789

682

394

634

915

1,184

1,361

1,365

1,279

1,185

1,163

1,197

1,264

1,323

1,259

1,014

707

718

747

913

991

805

765

627

686

750

756

837

842

1,070

1,190

1,550

1,530

1,303

1,183

870

790

0

0

0

Mark to market fair value of derivative

0

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of financing fees

48

59

64

54

55

40

25

25

25

25

25

25

25

25

25

22

16

19

22

26

34

28

25

25

37

33

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of debt discount

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Grant funds received for relocation costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

151

227

302

310

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

Gain on litigation settlement - discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Adjustment of European liabilities related to discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

0

-

-

-

-

(Recovery)/Provision for doubtful accounts

-

-

-

-

-

-

-

-

-

-

-

-

-

5

12

6

-6

-6

-14

-4

6

23

-67

-122

-120

-137

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of OID interest expense

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Adjustment of European liabilities related to discontinued operations

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on Litigation Settlement - discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Provision for doubtful accounts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

491

0

0

0

Change in operating assets and liabilities:
Other, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

171

574

193

499

0

0

0

Accounts receivable

-206

973

552

-2,502

-1,314

-4,058

-4,204

96

655

1,216

1,500

217

-213

583

263

-927

-2,230

2,001

1,062

2,593

3,479

1,519

708

-1,075

-1,558

-1,961

-2,086

-577

333

-1,811

-1,453

-2,175

-874

1,010

2,718

1,913

-729

-320

0

0

0

Prepaid expenses, unbilled revenue and other current assets

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-40

-84

-92

0

0

0

Accrued expenses and other liabilities

863

1,348

1,478

-319

213

-417

-147

-41

281

-669

-1,038

-681

-1,111

-420

-1,467

-1,352

-515

-1,054

752

730

95

944

-7

-527

-1,042

-22

-1,394

1,304

-296

-2,638

-895

-2,963

-1,568

62

-180

213

412

-90

0

0

0

Prepaid expenses and other assets

-

-

-

-

-

-

-

-

-

-

-

-

-264

-219

-122

-91

12

19

-135

-267

-264

-306

-424

-288

-79

-36

-109

-360

-432

-592

-462

-152

-351

-38

140

140

44

-39

0

0

0

Accounts payable

-393

-1,978

-2,485

-666

-2,606

-4,114

-3,055

443

783

437

307

-1,392

-1,056

-622

-723

-778

826

4,545

2,220

2,875

1,331

-518

-501

-1,918

-2,514

-3,501

-2,097

-3,516

-1,426

244

1,907

3,165

541

719

-1,513

-1,136

838

1,048

0

0

0

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-123

-9

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

Net cash (used in) provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,489

7,796

6,106

6,414

5,414

2,447

3,943

2,643

2,743

1,536

1,809

0

0

0

-

-

-

735

199

2,388

3,366

3,202

3,736

0

0

0

Net cash used in operating activities of discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-446

-386

-519

94

188

-389

0

0

0

Net cash provided by/(used in) operating activities

-3,469

-5,338

-6,458

-2,655

-3,777

-2,100

1,530

1,536

1,165

-1,148

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-227

-567

289

-187

1,868

3,460

3,390

3,346

0

0

0

Investing activities:
Purchases of equipment and capitalized development costs

1,194

1,194

1,227

1,275

1,431

1,634

1,796

1,879

1,921

1,558

1,249

1,041

895

1,116

1,404

1,644

1,659

1,525

1,234

1,041

900

839

455

371

338

677

921

947

1,279

894

882

845

546

462

1,764

1,387

1,014

659

0

0

0

Net cash received from NetSeer asset acquisition

-

-

-

-

-

-

-

-

-

235

235

235

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

313

2,432

0

0

0

-

-

-

-

-

-

-

-

Net cash received from merger with Vertro, Inc., net of merger costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Purchase of names database and bundled downloads

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,065

3,297

3,207

2,357

2,567

5,965

5,022

3,970

2,444

0

0

0

Net cash used in investing activities

-1,194

-1,194

-1,227

-1,275

-1,431

-1,634

-1,796

-1,879

-1,921

-1,322

-1,014

-805

-659

-1,116

-1,404

-1,644

-1,659

-1,525

-1,234

-1,041

-900

-839

-816

-732

-658

-677

-790

-1,459

-3,324

-1,527

-1,709

-1,628

-463

-3,029

-2,418

-1,920

-1,698

-1,649

0

0

0

Financing activities:
Proceeds from sale of common stock, net

5,620

4,414

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from ValidClick licensing agreement

0

-

-

-

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

-

-

-

-

-

-

-

-

-

4,900

0

0

0

-

0

0

0

-

-

-

-

-4,011

-5,304

-5,114

-6,331

-7,570

-10,340

-8,857

-3,680

-5,140

0

0

0

-

-

-

-

-

-

-

-

Proceeds from convertible promissory notes

0

1,200

2,200

2,200

2,200

1,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net proceeds from line of credit

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net proceeds from financed receivables

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Payments)/Proceeds on note payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

42,862

0

0

0

(Payments)/Proceeds on note payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

32,219

40,067

0

0

0

Payments on finance lease obligations

365

198

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from term note

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,000

0

0

0

-

-

-

-

-

-

-

-

Payments on finance/capital leases

-

-

-

-

-

211

220

237

205

158

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,627

0

0

0

Prepaid financing fees and other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net taxes paid on RSU grants exercised

66

45

0

0

0

-

-

-

-

-

-

-

-

203

250

121

121

360

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Return to collateralize letter of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-475

300

635

810

1,285

335

0

0

0

-

-

-

-

Net proceeds on revolving line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,550

4,150

5,075

6,575

7,225

6,275

5,808

6,708

5,308

6,482

5,908

1,002

7,304

0

0

0

-

-

-

-

Payoff of NetSeer debt acquired

-

-

-

-

-

-

-

-

-

2,015

2,015

2,015

2,015

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on capital leases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

51

1,554

1,738

1,909

2,542

2,540

2,688

3,108

2,796

1,625

1,624

1,369

4,603

3,388

-506

-855

0

0

0

-

-

-

-

-

-

-

-

Payments on term note payable and capital leases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-855

0

0

0

-

-

-

-

-

-

-

-

Deposit to collateralize letter of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

635

810

1,285

335

0

0

0

-

-

-

-

Payments on credit note payable and capital leases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Net cash (used in)/provided by financing activities

4,886

6,676

4,210

808

1,310

-120

1,554

779

978

2,609

2,676

2,748

1,354

-247

-276

-1,649

-3,627

-4,037

-4,718

-3,994

-2,345

-2,526

-2,003

-1,761

-1,379

-1,375

-1,290

-632

2,235

3,912

3,977

3,569

1,847

3,102

65

-952

-1,692

-6,422

0

0

0

Net change – cash

222

144

-3,476

-3,121

-3,897

-3,855

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

137

-736

-294

-510

-310

-283

195

2,509

542

461

378

-799

577

-175

249

-502

-243

435

-130

-264

3,376

2,040

1,366

1,678

-114

-484

588

0

-4,724

0

0

0

Supplemental information:
Interest paid

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest paid

-

-

-

-

-

-

-

0

0

-

-

143

80

72

74

84

103

122

155

200

252

290

310

315

313

327

327

246

334

312

162

203

117

236

432

528

592

548

0

0

0

Income taxes paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non cash investing and financing activities:
Adoption of ASC 842

-263

1,173

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Conversion of Debt and derecognition of derivative and discounts to common stock

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Assets purchased under finance lease obligations

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2017 asset acquisition stock issuance (See Note 13)

-

-

-

-

-

-

-

-

-

-

4,459

4,459

4,759

300

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of stock as settlement of deferred compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

-

-

-

-

Purchase of property and equipment under capital lease

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19

0

0

0

Write-down of domain names due to settlement of contingent liability

-

-

-

-

-

-

-

-

-

369

219

219

265

43

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted Advances on term note payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0