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Leases

12 Months Ended

Dec. 31, 2013

We lease certain office space and equipment. As leases expire, it can be expected that they will be renewed or replaced in the normal course of business. Rent expense from continuing operations was approximately $223,000 and $1,181,000 for the years ended December 31, 2013 and 2012, respectively.

Minimum lease payments under non-cancelable operating leases as of December 31, 2013 are:



	Lease Payments		Sublease income
2014	$	537,501	$	591,266
2015	547,651		604,569
2016	45,749		50,753
Total	$	1,130,901	$	1,246,588

During 2013 we signed an amendment allowing us to terminate our Clearwater office lease for $615,000, and the lease was terminated on March 31, 2013. We also entered into an agreement to lease office space in Conway, Arkansas, which was prepaid during the first quarter of 2013. This agreement is for two years in the total amount of $193,200. First Orion Corp., the lessor of this space, is owned by a director and shareholder of Inuvo.

- Definition

The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.

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