Inuvo, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the Securities and Exchange Commission on November 13, 2026, disclosing condensed consolidated balance sheet data and changes in its capital structure.

Key Highlights

  • Total assets: According to the filing, total assets were $24,101,716 as of September 30, 2026, compared to $24,867,850 at December 31, 2025.
  • Cash position: Cash and cash equivalents stood at $1,019,391 as of September 30, 2026, down from $2,839,921 at year-end 2025, the filing reported.
  • Restricted cash added: The filing disclosed $1,200,000 in current restricted cash and $5,038,313 in long-term restricted cash as of September 30, 2026, with no such amounts reported at December 31, 2025.
  • Notes payable introduced: The balance sheet shows notes payable at fair value of $3,711,000 (current portion) and $6,159,000 (long-term portion) as of September 30, 2026, where none existed at year-end 2025.
  • Accumulated deficit: The filing reports an accumulated deficit of $185,405,225 as of September 30, 2026, versus $178,304,530 at December 31, 2025.
  • Shares outstanding: Common shares issued and outstanding were 17,833,353 as of September 30, 2026, up from 14,701,949 at December 31, 2025, the filing stated.
  • Total stockholders' equity: Stockholders' equity was reported at $6,309,370 as of September 30, 2026, compared to $10,023,016 at December 31, 2025.

Inuvo's Capital Structure and Balance Sheet Changes Through September 2026

Inuvo, Inc. (NYSE American:INUV), a Nevada corporation headquartered at 500 President Clinton Ave., Suite 300, Little Rock, AR, operates as an advertising technology company. According to the 10-Q filing, the company's condensed consolidated balance sheet as of September 30, 2026 reflects several notable shifts in its liability and asset composition compared to the December 31, 2025 year-end balance sheet.

The filing discloses that a financing agreement carrying a balance of $3,288,100 at December 31, 2025 was no longer present as of September 30, 2026. In its place, the balance sheet shows notes payable at fair value totaling $3,711,000 in the current portion and $6,159,000 in the long-term portion. Additionally, the company reported restricted cash of $1,200,000 (current) and $5,038,313 (long-term) as of September 30, 2026, with no comparable restricted cash balances at December 31, 2025.

On the equity side, the filing shows that common shares outstanding grew from 14,701,949 at December 31, 2025 to 17,833,353 as of September 30, 2026, with additional paid-in capital rising from $188,312,843 to $191,696,761 over the same period. Intangible assets, net of accumulated amortization, decreased from $3,425,375 at December 31, 2025 to $684,500 as of September 30, 2026, according to the filing. As of November 6, 2026, the filing reports 17,862,771 shares of common stock outstanding.

What Was Disclosed

Inuvo, Inc. filed a Form 10-Q covering the quarterly period ended September 30, 2026, disclosing condensed consolidated balance sheet data including changes in cash, restricted cash, notes payable at fair value, intangible assets, shares outstanding, and stockholders' equity relative to December 31, 2025.