$LFVN
Lifevantage Corp

2016 Q2 Form 10-Q Financial Statement

#000084914616000173 Filed on May 04, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2016 Q1 2015 Q1
Revenue $53.03M $56.16M $45.16M
YoY Change 17.07% 24.37% -18.0%
Cost Of Revenue $9.400M $9.714M $7.552M
YoY Change 28.94% 28.63% -10.72%
Gross Profit $43.63M $46.45M $37.60M
YoY Change 14.8% 23.52% -19.32%
Gross Profit Margin 82.27% 82.7% 83.28%
Selling, General & Admin $39.55M $14.63M $14.48M
YoY Change 8.5% 1.03% -5.83%
% of Gross Profit 90.64% 31.5% 38.51%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $480.0K $440.0K $570.0K
YoY Change -12.73% -22.81% 7.55%
% of Gross Profit 1.1% 0.95% 1.52%
Operating Expenses $39.55M $42.82M $36.12M
YoY Change 8.5% 18.54% -14.29%
Operating Profit $4.082M $3.631M $1.485M
YoY Change 162.0% 144.51% -66.76%
Interest Expense $40.00K $1.808M $748.0K
YoY Change -102.6% 141.71% -35.52%
% of Operating Profit 0.98% 49.79% 50.37%
Other Income/Expense, Net -$1.340M -$1.854M -$761.0K
YoY Change -291.43% 143.63% -40.45%
Pretax Income $2.780M $1.777M $724.0K
YoY Change 291.55% 145.44% -77.3%
Income Tax $350.0K $774.0K $151.0K
% Of Pretax Income 12.59% 43.56% 20.86%
Net Earnings $2.437M $1.003M $573.0K
YoY Change 978.32% 75.04% -77.02%
Net Earnings / Revenue 4.6% 1.79% 1.27%
Basic Earnings Per Share $0.18 $0.07 $0.04
Diluted Earnings Per Share $0.17 $0.07 $0.04
COMMON SHARES
Basic Shares Outstanding 14.01M shares 13.73M shares 13.72M shares
Diluted Shares Outstanding 14.13M shares 13.96M shares

Balance Sheet

Concept 2016 Q2 2016 Q1 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $7.880M $8.490M $15.35M
YoY Change -43.35% -44.69% -56.98%
Cash & Equivalents $7.883M $8.494M $15.35M
Short-Term Investments
Other Short-Term Assets $8.560M $5.950M $3.860M
YoY Change 107.77% 54.15% -51.08%
Inventory $25.12M $17.00M $10.90M
Prepaid Expenses
Receivables $1.552M $2.042M $1.258M
Other Receivables $0.00 $2.230M $3.490M
Total Short-Term Assets $43.11M $35.71M $34.86M
YoY Change 41.47% 2.43% -38.04%
LONG-TERM ASSETS
Property, Plant & Equipment $3.456M $4.981M $6.239M
YoY Change -39.99% -20.16% -13.14%
Goodwill
YoY Change
Intangibles $1.744M $1.778M $1.913M
YoY Change -7.18% -7.06%
Long-Term Investments
YoY Change
Other Assets $1.520M $1.427M $1.468M
YoY Change 6.07% -2.79% -51.41%
Total Long-Term Assets $7.743M $8.415M $12.07M
YoY Change -16.8% -30.28% -14.06%
TOTAL ASSETS
Total Short-Term Assets $43.11M $35.71M $34.86M
Total Long-Term Assets $7.743M $8.415M $12.07M
Total Assets $50.86M $44.12M $46.93M
YoY Change 27.84% -5.98% -33.25%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.891M $5.938M $2.723M
YoY Change 240.13% 118.07% 3.1%
Accrued Expenses $16.45M $17.36M $12.87M
YoY Change 35.84% 34.89% -28.34%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $2.000M $2.000M $9.200M
YoY Change -82.05% -78.26% 95.74%
Total Short-Term Liabilities $30.63M $25.30M $24.80M
YoY Change 18.44% 2.02% -2.01%
LONG-TERM LIABILITIES
Long-Term Debt $7.409M $7.901M $17.20M
YoY Change -13.17% -54.05% -58.19%
Other Long-Term Liabilities $2.169M $2.084M $2.105M
YoY Change 5.14% -1.0% -6.15%
Total Long-Term Liabilities $9.578M $9.985M $19.30M
YoY Change -9.61% -48.26% 760.45%
TOTAL LIABILITIES
Total Short-Term Liabilities $30.63M $25.30M $24.80M
Total Long-Term Liabilities $9.578M $9.985M $19.30M
Total Liabilities $40.21M $35.28M $44.10M
YoY Change 10.29% -19.99% -34.75%
SHAREHOLDERS EQUITY
Retained Earnings -$108.6M -$110.4M -$114.3M
YoY Change -4.82% -3.41% 3.37%
Common Stock $119.3M $119.4M $117.3M
YoY Change 1.35% 1.74% 3.12%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $10.65M $8.839M $2.830M
YoY Change
Total Liabilities & Shareholders Equity $50.86M $44.12M $46.93M
YoY Change 27.84% -5.98% -33.25%

Cashflow Statement

Concept 2016 Q2 2016 Q1 2015 Q1
OPERATING ACTIVITIES
Net Income $2.437M $1.003M $573.0K
YoY Change 978.32% 75.04% -77.02%
Depreciation, Depletion And Amortization $480.0K $440.0K $570.0K
YoY Change -12.73% -22.81% 7.55%
Cash From Operating Activities -$160.0K -$2.310M $990.0K
YoY Change -103.76% -333.33% -69.63%
INVESTING ACTIVITIES
Capital Expenditures -$60.00K -$170.0K -$240.0K
YoY Change 0.0% -29.17% -76.24%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$60.00K -$170.0K -$240.0K
YoY Change 0.0% -29.17% -76.24%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -440.0K -4.940M -4.040M
YoY Change -92.21% 22.28% 270.64%
NET CHANGE
Cash From Operating Activities -160.0K -2.310M 990.0K
Cash From Investing Activities -60.00K -170.0K -240.0K
Cash From Financing Activities -440.0K -4.940M -4.040M
Net Change In Cash -660.0K -7.420M -3.290M
YoY Change -54.48% 125.53% -383.62%
FREE CASH FLOW
Cash From Operating Activities -$160.0K -$2.310M $990.0K
Capital Expenditures -$60.00K -$170.0K -$240.0K
Free Cash Flow -$100.0K -$2.140M $1.230M
YoY Change -102.31% -273.98% -71.19%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--06-30
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2016
dei Document Period End Date
DocumentPeriodEndDate
2016-03-31
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000849146
CY2016Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
14008252 shares
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
Lifevantage Corp
dei Trading Symbol
TradingSymbol
LFVN
CY2015Q1 lfvn Commissionand Incentives
CommissionandIncentives
21637000 USD
lfvn Commissionand Incentives
CommissionandIncentives
69406000 USD
CY2016Q1 lfvn Commissionand Incentives
CommissionandIncentives
28185000 USD
lfvn Commissionand Incentives
CommissionandIncentives
77525000 USD
lfvn Money Back Guarantee Period
MoneyBackGuaranteePeriod
P30D
lfvn Number Of Geographic Segments
NumberOfGeographicSegments
2 Segment
CY2016Q1 lfvn Percentof Restocking Fee
PercentofRestockingFee
0.1
CY2015Q2 lfvn Reserve For Sales Returns
ReserveForSalesReturns
100000 USD
CY2016Q1 lfvn Reserve For Sales Returns
ReserveForSalesReturns
300000 USD
CY2016Q1 lfvn Revenue Recognition Sale Returns Acceptable Percentagefrom Terminated Distributors
RevenueRecognitionSaleReturnsAcceptablePercentagefromTerminatedDistributors
0.3
CY2016Q1 lfvn Sharebased Compensation Arrangementby Sharebased Payment Award Increase Decreaseof Sharebased Liabilities
SharebasedCompensationArrangementbySharebasedPaymentAwardIncreaseDecreaseofSharebasedLiabilities
58000 USD
lfvn Sharebased Compensation Arrangementby Sharebased Payment Award Increase Decreaseof Sharebased Liabilities
SharebasedCompensationArrangementbySharebasedPaymentAwardIncreaseDecreaseofSharebasedLiabilities
135000 USD
CY2015Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
2614000 USD
CY2016Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
5938000 USD
CY2015Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1031000 USD
CY2016Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
2042000 USD
CY2015Q2 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
6505000 USD
CY2016Q1 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
8291000 USD
CY2015Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-251000 USD
CY2016Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-123000 USD
CY2015Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
117657000 USD
CY2016Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
119374000 USD
CY2015Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
600000 USD
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
1400000 USD
CY2016Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
700000 USD
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
1200000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1249000 USD
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
147000 USD
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
178000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
189000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
229000 USD
CY2015Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
400000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
300000 shares
CY2016Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
100000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
200000 shares
CY2015Q2 us-gaap Assets
Assets
39781000 USD
CY2016Q1 us-gaap Assets
Assets
44120000 USD
CY2015Q2 us-gaap Assets Current
AssetsCurrent
30475000 USD
CY2016Q1 us-gaap Assets Current
AssetsCurrent
35705000 USD
CY2014Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
20387000 USD
CY2015Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
15353000 USD
CY2015Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
13905000 USD
CY2016Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
8494000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-5034000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-5411000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
2502000 USD
CY2015Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2016Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2015Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2016Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2015Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
250000000 shares
CY2016Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
250000000 shares
CY2015Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
13958000 shares
CY2016Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
14008000 shares
CY2015Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
13958000 shares
CY2016Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
14008000 shares
CY2015Q2 us-gaap Common Stock Value
CommonStockValue
14000 USD
CY2016Q1 us-gaap Common Stock Value
CommonStockValue
14000 USD
CY2015Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
574000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
6683000 USD
CY2016Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1105000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
3797000 USD
CY2015Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
7552000 USD
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
20717000 USD
CY2016Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
9714000 USD
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
24531000 USD
CY2015Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
10484000 USD
CY2016Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
8000000 USD
CY2015Q2 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
1951000 USD
CY2016Q1 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
99000 USD
CY2016Q1 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
10000000 USD
CY2016Q1 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
100000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
37000 USD
CY2015Q2 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
1117000 USD
CY2016Q1 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
1086000 USD
CY2015Q2 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
235000 USD
CY2016Q1 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
229000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1738000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1424000 USD
CY2015Q1 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-100000 USD
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
300000 USD
CY2016Q1 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-200000 USD
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-200000 USD
CY2015Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.04
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.48
CY2016Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.07
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.27
CY2015Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.04
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.47
CY2016Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.07
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.26
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
7683000 USD
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-813000 USD
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-250000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
9943000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-93000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
145000 USD
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.378
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
148000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
361000 USD
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-58000 USD
CY2015Q1 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
-100000 USD
us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
-400000 USD
CY2016Q1 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
200000 USD
us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
-22000 USD
CY2015Q1 us-gaap Gross Profit
GrossProfit
37603000 USD
us-gaap Gross Profit
GrossProfit
124318000 USD
CY2016Q1 us-gaap Gross Profit
GrossProfit
46446000 USD
us-gaap Gross Profit
GrossProfit
128976000 USD
CY2015Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
724000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
737000 USD
CY2016Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
1777000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
5902000 USD
CY2015Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
151000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3182000 USD
CY2016Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
774000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2233000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
1816000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
1373000 USD
CY2015Q2 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
2179000 USD
CY2016Q1 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
2226000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-67000 USD
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
717000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1130000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1006000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-1488000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
3955000 USD
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-793000 USD
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-570000 USD
CY2015Q1 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
70000 shares
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
73000 shares
CY2016Q1 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
73000 shares
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
70000 shares
CY2015Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
167000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
214000 shares
CY2016Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
321000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
281000 shares
CY2015Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1879000 USD
CY2016Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1778000 USD
CY2015Q1 us-gaap Interest Expense
InterestExpense
748000 USD
us-gaap Interest Expense
InterestExpense
2341000 USD
CY2016Q1 us-gaap Interest Expense
InterestExpense
1808000 USD
us-gaap Interest Expense
InterestExpense
3176000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
400000 USD
us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
0 USD
CY2016Q1 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
1500000 USD
us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
1544000 USD
us-gaap Interest Paid
InterestPaid
2004000 USD
us-gaap Interest Paid
InterestPaid
1216000 USD
CY2015Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
5783000 USD
CY2016Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
8913000 USD
CY2015Q2 us-gaap Inventory Net
InventoryNet
9248000 USD
CY2016Q1 us-gaap Inventory Net
InventoryNet
17002000 USD
CY2015Q2 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
3465000 USD
CY2016Q1 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
8089000 USD
CY2015Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
300000 USD
CY2016Q1 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
300000 USD
CY2015Q2 us-gaap Liabilities
Liabilities
36456000 USD
CY2016Q1 us-gaap Liabilities
Liabilities
35281000 USD
CY2015Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
39781000 USD
CY2016Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
44120000 USD
CY2015Q2 us-gaap Liabilities Current
LiabilitiesCurrent
25860000 USD
CY2016Q1 us-gaap Liabilities Current
LiabilitiesCurrent
25296000 USD
CY2015Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
11141000 USD
CY2016Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
2000000 USD
CY2016Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
5500000 USD
CY2016Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
2000000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
99000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-11255000 USD
CY2016Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
2000000 USD
CY2016Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
500000 USD
CY2015Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
8533000 USD
CY2016Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
7901000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-12799000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1103000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-499000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
8961000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
6198000 USD
CY2015Q1 us-gaap Net Income Loss
NetIncomeLoss
573000 USD
us-gaap Net Income Loss
NetIncomeLoss
6761000 USD
CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
1003000 USD
us-gaap Net Income Loss
NetIncomeLoss
3669000 USD
CY2015Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-761000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-2397000 USD
CY2016Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-1854000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-3432000 USD
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 Segment
CY2015Q1 us-gaap Operating Expenses
OperatingExpenses
36118000 USD
us-gaap Operating Expenses
OperatingExpenses
111978000 USD
CY2016Q1 us-gaap Operating Expenses
OperatingExpenses
42815000 USD
us-gaap Operating Expenses
OperatingExpenses
119642000 USD
CY2015Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
1485000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
12340000 USD
CY2016Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
3631000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
9334000 USD
CY2015Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
5600000 USD
CY2016Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
9067000 USD
CY2015Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1433000 USD
CY2016Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1427000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
1000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-78000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
102000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
128000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-78000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
102000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
128000 USD
CY2015Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
2063000 USD
CY2016Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
2084000 USD
CY2015Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-13000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-56000 USD
CY2016Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-46000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-256000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
9850000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1103000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
499000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 USD
CY2015Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2016Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2015Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2016Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2015Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2016Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2016Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2015Q2 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2016Q1 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2015Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
2995000 USD
CY2016Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
4855000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
428000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
108000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
10000000 USD
CY2015Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5759000 USD
CY2016Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4981000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
3525000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
21625000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1800000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
700000 USD
CY2015Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-114095000 USD
CY2016Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-110426000 USD
CY2015Q1 us-gaap Sales Revenue Net
SalesRevenueNet
45155000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
145035000 USD
CY2016Q1 us-gaap Sales Revenue Net
SalesRevenueNet
56160000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
153507000 USD
CY2015Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
14481000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
42572000 USD
CY2016Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
14630000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
42117000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1505000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1577000 USD
us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
468000 USD
CY2015Q2 us-gaap Stockholders Equity
StockholdersEquity
3325000 USD
CY2016Q1 us-gaap Stockholders Equity
StockholdersEquity
8839000 USD
CY2015Q4 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
0.1429
CY2015Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13961000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14256000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13969000 shares
CY2016Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13734000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13721000 shares
CY2016Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14128000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14072000 shares
CY2015Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13724000 shares
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Concentration of Credit Risk</font></div><div style="line-height:120%;padding-bottom:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Accounting guidance for financial instruments requires disclosure of significant concentrations of credit risk regardless of the degree of such risk. Financial instruments with significant credit risk include cash and investments.</font></div></div>
us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Commitments and Contingencies</font></div><div style="line-height:120%;padding-bottom:10px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">From time to time, the Company is involved in lawsuits and disputes arising in the normal course of business. The Company regularly reviews all pending litigation matters in which it is involved and establishes accruals deemed appropriate by management for these litigation matters when a probable loss estimate can be made. In the opinion of management, the amounts accrued for as of </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;"> are appropriate based on the probable outcome of currently pending matters.</font></div></div>
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-bottom:10px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We prepare our consolidated financial statements and related disclosures in conformity with accounting principles generally accepted in the United States of America (GAAP). In preparing these statements, we are required to use estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from those estimates and assumptions. On an ongoing basis, we review our estimates, including those related to inventory valuation and obsolescence, sales returns, income taxes and tax valuation reserves, share-based compensation, and loss contingencies.</font></div></div>

Files In Submission

Name View Source Status
0000849146-16-000173-index-headers.html Edgar Link pending
0000849146-16-000173-index.html Edgar Link pending
0000849146-16-000173.txt Edgar Link pending
0000849146-16-000173-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
lfvn-20160331.xml Edgar Link completed
lfvn-20160331.xsd Edgar Link pending
lfvn-20160331_cal.xml Edgar Link unprocessable
lfvn-20160331_def.xml Edgar Link unprocessable
lfvn-20160331_lab.xml Edgar Link unprocessable
lfvn-20160331_pre.xml Edgar Link unprocessable
lfvn_33116x10q.htm Edgar Link pending
lfvn_33116xex103.htm Edgar Link pending
lfvn_33116xex311.htm Edgar Link pending
lfvn_33116xex312.htm Edgar Link pending
lfvn_33116xex321.htm Edgar Link pending
lfvn_33116xex322.htm Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R3.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending