2024 Q2 Form 10-Q Financial Statement

#000109690624001119 Filed on May 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2023 Q1
Revenue $9.487M $10.67M $12.46M
YoY Change -24.24% -14.41% -31.11%
Cost Of Revenue $5.933M $7.283M $6.813M
YoY Change -13.84% 6.89% -32.57%
Gross Profit $3.554M $3.384M $5.648M
YoY Change -36.94% -40.09% -29.26%
Gross Profit Margin 37.46% 31.73% 45.33%
Selling, General & Admin $3.058M $2.443M $2.595M
YoY Change 29.43% -5.86% 11.63%
% of Gross Profit 86.04% 72.2% 45.95%
Research & Development $19.80K
YoY Change
% of Gross Profit 0.35%
Depreciation & Amortization $124.9K $125.8K $77.84K
YoY Change 30.09% 61.56% 413.04%
% of Gross Profit 3.51% 3.72% 1.38%
Operating Expenses $4.137M $3.506M $5.753M
YoY Change 26.76% -39.05% 50.91%
Operating Profit -$582.7K -$122.3K -$104.9K
YoY Change -124.56% 16.64% -102.51%
Interest Expense $90.49K $92.85K $24.19K
YoY Change 271.4% 283.88% -23.77%
% of Operating Profit
Other Income/Expense, Net -$74.99K $435.8K -$9.636K
YoY Change 213.28% -4622.14% -65.79%
Pretax Income -$657.7K -$1.539M -$114.5K
YoY Change -128.0% 1243.83%
Income Tax -$134.5K $398.0K $27.22K
% Of Pretax Income
Net Earnings -$523.2K -$1.141M -$141.7K
YoY Change -131.53% 704.99% -104.81%
Net Earnings / Revenue -5.51% -10.7% -1.14%
Basic Earnings Per Share -$0.04 -$0.08 -$0.01
Diluted Earnings Per Share -$0.04 -$0.08 -$0.01
COMMON SHARES
Basic Shares Outstanding 14.82M shares 14.81M shares 14.51M shares
Diluted Shares Outstanding 14.76M shares 14.81M shares 14.25M shares

Balance Sheet

Concept 2024 Q2 2024 Q1 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.614M $4.376M $3.470M
YoY Change 76.35% 26.11% -24.3%
Cash & Equivalents $3.614M $4.376M $3.470M
Short-Term Investments
Other Short-Term Assets $4.752K $27.12K $113.00
YoY Change 23900.0% -99.05%
Inventory $7.348M $7.659M $7.564M
Prepaid Expenses $1.150M $1.340M $1.365M
Receivables $3.205M $3.901M $2.339M
Other Receivables $681.6K $680.4K $0.00
Total Short-Term Assets $16.32M $18.47M $14.92M
YoY Change -2.32% 23.74% -14.94%
LONG-TERM ASSETS
Property, Plant & Equipment $2.982M $2.889M $1.322M
YoY Change 57.51% 118.5% 187.8%
Goodwill $23.09M $23.09M $22.29M
YoY Change 0.0% 3.59% 0.0%
Intangibles
YoY Change
Long-Term Investments $1.896M $1.896M $1.896M
YoY Change 0.0% 0.0% 0.0%
Other Assets $1.581M $1.441M $407.0K
YoY Change 5168.8% 254.08% 723.79%
Total Long-Term Assets $30.78M $29.90M $27.82M
YoY Change 6.11% 7.48% 6.21%
TOTAL ASSETS
Total Short-Term Assets $16.32M $18.47M $14.92M
Total Long-Term Assets $30.78M $29.90M $27.82M
Total Assets $47.10M $48.37M $42.75M
YoY Change 3.02% 13.16% -2.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.534M $4.453M $3.461M
YoY Change -7.45% 28.64%
Accrued Expenses $225.7K $183.9K $148.2K
YoY Change 34.03% 24.09% 82.42%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $532.6K $519.5K $1.364M
YoY Change -61.13% -61.9% 8.48%
Total Short-Term Liabilities $5.263M $7.055M $5.713M
YoY Change -24.66% 23.49% -49.83%
LONG-TERM LIABILITIES
Long-Term Debt $3.075M $3.213M $0.00
YoY Change -100.0%
Other Long-Term Liabilities $1.054M $428.3K $503.8K
YoY Change 92.82% -15.0% 129.25%
Total Long-Term Liabilities $4.129M $3.641M $503.8K
YoY Change 655.54% 622.7% -75.46%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.263M $7.055M $5.713M
Total Long-Term Liabilities $4.129M $3.641M $503.8K
Total Liabilities $9.393M $10.70M $6.217M
YoY Change 24.7% 72.05% -53.75%
SHAREHOLDERS EQUITY
Retained Earnings -$3.768M -$3.241M -$4.385M
YoY Change 37.98% -26.09% -48.26%
Common Stock $14.82K $14.81K $14.51K
YoY Change 2.14% 2.02% 3.83%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $37.71M $37.67M $36.53M
YoY Change
Total Liabilities & Shareholders Equity $47.10M $48.37M $42.75M
YoY Change 3.02% 13.16% -2.28%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2023 Q1
OPERATING ACTIVITIES
Net Income -$523.2K -$1.141M -$141.7K
YoY Change -131.53% 704.99% -104.81%
Depreciation, Depletion And Amortization $124.9K $125.8K $77.84K
YoY Change 30.09% 61.56% 413.04%
Cash From Operating Activities $66.31K $178.6K $329.2K
YoY Change -109.56% -45.74% -16.51%
INVESTING ACTIVITIES
Capital Expenditures $256.7K $31.84K $368.8K
YoY Change -21.5% -91.37% 579.94%
Acquisitions
YoY Change
Other Investing Activities -$200.0K
YoY Change -41.53%
Cash From Investing Activities -$456.7K -$31.84K $368.8K
YoY Change -31.74% -108.63% -779.94%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -372.0K -$128.2K -$20.92K
YoY Change 536.7% 512.64% -100.79%
NET CHANGE
Cash From Operating Activities 66.31K $178.6K $329.2K
Cash From Investing Activities -456.7K -$31.84K $368.8K
Cash From Financing Activities -372.0K -$128.2K -$20.92K
Net Change In Cash -762.4K $18.65K $677.1K
YoY Change -46.34% -97.25% -77.29%
FREE CASH FLOW
Cash From Operating Activities $66.31K $178.6K $329.2K
Capital Expenditures $256.7K $31.84K $368.8K
Free Cash Flow -$190.4K $146.8K -$39.58K
YoY Change -81.34% -470.89% -111.64%

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0 usd
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41354 usd
CY2023Q1 us-gaap Interest Income Other
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14812 usd
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CY2024Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-114520 usd
CY2024Q1 us-gaap Income Tax Expense Benefit
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CY2023Q1 us-gaap Income Tax Expense Benefit
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CY2024Q1 us-gaap Net Income Loss
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-1141004 usd
CY2023Q1 us-gaap Net Income Loss
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-141742 usd
CY2024Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.08
CY2023Q1 us-gaap Earnings Per Share Basic
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-0.01
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-0.08
CY2023Q1 us-gaap Earnings Per Share Diluted
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-0.01
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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14805678 shares
CY2024Q1 lsfp Increase Decrease In Finance And Operating Lease Liabilities
IncreaseDecreaseInFinanceAndOperatingLeaseLiabilities
-39087 usd
CY2023Q1 lsfp Increase Decrease In Finance And Operating Lease Liabilities
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-6564 usd
CY2024Q1 us-gaap Increase Decrease In Deferred Revenue
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617311 usd
CY2023Q1 us-gaap Increase Decrease In Deferred Revenue
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-112187 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Operating Activities
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178633 usd
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14246745 shares
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14805678 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14246745 shares
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
34537671 usd
CY2023Q1 us-gaap Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
2138175 usd
CY2023Q1 lsfp Series A Preferred Stock Dividend Payable
SeriesAPreferredStockDividendPayable
-3329 usd
CY2023Q1 lsfp Series B Preferred Stock Dividend Payable
SeriesBPreferredStockDividendPayable
-1480 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-141742 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
36529296 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
38818011 usd
CY2024Q1 lsfp Series A Preferred Stock Dividend Payable
SeriesAPreferredStockDividendPayable
-1862 usd
CY2024Q1 lsfp Series B Preferred Stock Dividend Payable
SeriesBPreferredStockDividendPayable
-1496 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
-1141004 usd
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
37673649 usd
CY2024Q1 us-gaap Profit Loss
ProfitLoss
-1141004 usd
CY2023Q1 us-gaap Profit Loss
ProfitLoss
-141742 usd
CY2024Q1 us-gaap Dividends Sharebased Compensation Stock
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0 usd
CY2023Q1 us-gaap Dividends Sharebased Compensation Stock
DividendsSharebasedCompensationStock
2138175 usd
CY2024Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
275278 usd
CY2023Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
143519 usd
CY2024Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
125765 usd
CY2023Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
77843 usd
CY2024Q1 us-gaap Financing Interest Expense
FinancingInterestExpense
2773 usd
CY2023Q1 us-gaap Financing Interest Expense
FinancingInterestExpense
0 usd
CY2024Q1 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
13946 usd
CY2023Q1 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
0 usd
CY2024Q1 us-gaap Loss Contingency Loss In Period
LossContingencyLossInPeriod
1349467 usd
CY2023Q1 us-gaap Loss Contingency Loss In Period
LossContingencyLossInPeriod
0 usd
CY2024Q1 us-gaap Inventory Write Down
InventoryWriteDown
398815 usd
CY2023Q1 us-gaap Inventory Write Down
InventoryWriteDown
131967 usd
CY2024Q1 lsfp Sales Allowances
SalesAllowances
-290284 usd
CY2023Q1 lsfp Sales Allowances
SalesAllowances
-94751 usd
CY2024Q1 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-404948 usd
CY2023Q1 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-149976 usd
CY2024Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-300097 usd
CY2023Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
22190 usd
CY2024Q1 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
942995 usd
CY2023Q1 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
303903 usd
CY2024Q1 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-20990 usd
CY2023Q1 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
167317 usd
CY2024Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
256629 usd
CY2023Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-1671501 usd
CY2024Q1 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-29506 usd
CY2023Q1 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
29745 usd
CY2024Q1 us-gaap Increase Decrease In Royalties Payable
IncreaseDecreaseInRoyaltiesPayable
-110138 usd
CY2023Q1 us-gaap Increase Decrease In Royalties Payable
IncreaseDecreaseInRoyaltiesPayable
0 usd
CY2024Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1722498 usd
CY2023Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-589531 usd
CY2024Q1 us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
-2135 usd
CY2023Q1 us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
-1254 usd
CY2024Q1 lsfp Increase Decrease In Change In Settlement Asset And Receivables
IncreaseDecreaseInChangeInSettlementAssetAndReceivables
215499 usd
CY2023Q1 lsfp Increase Decrease In Change In Settlement Asset And Receivables
IncreaseDecreaseInChangeInSettlementAssetAndReceivables
46256 usd
CY2024Q1 lsfp Increasedecrease In Operating Lease Right Of Use Asset
IncreasedecreaseInOperatingLeaseRightOfUseAsset
40841 usd
CY2023Q1 lsfp Increasedecrease In Operating Lease Right Of Use Asset
IncreasedecreaseInOperatingLeaseRightOfUseAsset
35796 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
329205 usd
CY2024Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
31835 usd
CY2023Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
368785 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-31835 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-368785 usd
CY2024Q1 us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
125152 usd
CY2023Q1 us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
0 usd
CY2024Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
3000 usd
CY2023Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
3000 usd
CY2024Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
0 usd
CY2023Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
17918 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-128152 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-20918 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
18646 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-60498 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5357539 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3530623 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5376185 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3470125 usd
CY2024Q1 us-gaap Interest Paid Net
InterestPaidNet
93446 usd
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
24187 usd
CY2024Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
20991 usd
CY2023Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
390 usd
CY2024Q1 lsfp Right Of Use Assets Acquired From Inception Of Operating Leases
RightOfUseAssetsAcquiredFromInceptionOfOperatingLeases
0 usd
CY2023Q1 lsfp Right Of Use Assets Acquired From Inception Of Operating Leases
RightOfUseAssetsAcquiredFromInceptionOfOperatingLeases
180639 usd
CY2024Q1 lsfp Cash And Cash Equivalent
CashAndCashEquivalent
4376185 usd
CY2023Q1 lsfp Cash And Cash Equivalent
CashAndCashEquivalent
3470125 usd
CY2024Q1 lsfp Restricted Cash Other
RestrictedCashOther
1000000 usd
CY2023Q1 lsfp Restricted Cash Other
RestrictedCashOther
0 usd
CY2024Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
5376185 usd
CY2023Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
3470125 usd
CY2024Q1 lsfp Working Capital Loan
WorkingCapitalLoan
2881479 usd
CY2023Q4 lsfp Working Capital Loan
WorkingCapitalLoan
3000000 usd
CY2024Q1 lsfp Business Loan Current
BusinessLoanCurrent
903370 usd
CY2023Q4 lsfp Business Loan Current
BusinessLoanCurrent
910000 usd
CY2024Q1 us-gaap Principal Amount Outstanding On Loans Securitized
PrincipalAmountOutstandingOnLoansSecuritized
3784849 usd
CY2023Q4 us-gaap Principal Amount Outstanding On Loans Securitized
PrincipalAmountOutstandingOnLoansSecuritized
3910000 usd
CY2024Q1 us-gaap Financing Receivable Unamortized Loan Fee Cost
FinancingReceivableUnamortizedLoanFeeCost
52376 usd
CY2023Q4 us-gaap Financing Receivable Unamortized Loan Fee Cost
FinancingReceivableUnamortizedLoanFeeCost
55149 usd
CY2024Q1 us-gaap Senior Notes Current
SeniorNotesCurrent
519529 usd
CY2023Q4 us-gaap Senior Notes Current
SeniorNotesCurrent
506061 usd
CY2024Q1 lsfp Non Current Portion Of Surety Bank Notes
NonCurrentPortionOfSuretyBankNotes
3212943 usd
CY2023Q4 lsfp Non Current Portion Of Surety Bank Notes
NonCurrentPortionOfSuretyBankNotes
3348790 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
657704 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
876939 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
876939 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
876939 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
1618429 usd
CY2024Q1 lsfp Long Term Debt Maturities Repayments Of Principal Therafter
LongTermDebtMaturitiesRepaymentsOfPrincipalTherafter
0 usd
CY2024Q1 lsfp Total Longtermdebtmaturitiesprincipalamount
TotalLongtermdebtmaturitiesprincipalamount
4906951 usd
CY2024Q1 lsfp Totallongtermdebtmaturitiesprincipalamountinterest Portion
TotallongtermdebtmaturitiesprincipalamountinterestPortion
-1122102 usd
CY2024Q1 us-gaap Principal Amount Outstanding On Loans Securitized
PrincipalAmountOutstandingOnLoansSecuritized
3784849 usd
CY2024Q1 lsfp Unregistered Common Shares
UnregisteredCommonShares
100 shares
CY2024Q1 lsfp Cash Used To Pay Off Oculus Liabilties
CashUsedToPayOffOculusLiabilties
368488 usd
CY2024Q1 lsfp Installment Of Merger Consideration
InstallmentOfMergerConsideration
209 usd
CY2024Q1 lsfp Value Of Minimum Consideration To Be Paid In Cash
ValueOfMinimumConsiderationToBePaidInCash
200000 usd
CY2024Q1 lsfp Value Of Minimum Consideration To Be Paid In Shares Of Common Stock
ValueOfMinimumConsiderationToBePaidInSharesOfCommonStock
800000 usd
CY2024Q1 us-gaap Contractual Obligation
ContractualObligation
1368697 usd
CY2024Q1 lsfp Acquired Cash
AcquiredCash
26420 usd
CY2024Q1 lsfp Accounts Receivable Acquired
AccountsReceivableAcquired
60528 usd
CY2024Q1 lsfp Inventory Acquired Net
InventoryAcquiredNet
147431 usd
CY2024Q1 lsfp Fixed Assets Acquired
FixedAssetsAcquired
329559 usd
CY2024Q1 lsfp Security And Utility Deposits Acquired
SecurityAndUtilityDepositsAcquired
4732 usd
CY2024Q1 lsfp Goodwill Acquired
GoodwillAcquired
800027 usd
CY2024Q1 lsfp Current Assets Acquired
CurrentAssetsAcquired
1368697 usd
CY2024Q1 lsfp Total Liabilities Assumed Acquired
TotalLiabilitiesAssumedAcquired
0 usd
CY2024Q1 lsfp Assets Acquired
AssetsAcquired
1368697 usd
CY2024Q2 us-gaap Income Tax Credits And Adjustments
IncomeTaxCreditsAndAdjustments
0 usd
CY2024Q2 us-gaap Noncash Merger Related Costs
NoncashMergerRelatedCosts
200000 usd
CY2024Q2 lsfp Unregistered Shares Issue Of Common Stock
UnregisteredSharesIssueOfCommonStock
160000 shares
CY2024Q1 lsfp Description Of Agreement Term
DescriptionOfAgreementTerm
The term of the Agreement is eighteen (18) months from the effective date, renewable upon mutual written agreement of the Parties
CY2024Q1 lsfp Description Of Commercial General Liability Insurance
DescriptionOfCommercialGeneralLiabilityInsurance
Such coverage shall include (1) Comprehensive Commercial General Liability (“GL”) Insurance with limits of $1,000,000 per occurrence and $2,000,000 in aggregate; (2) Worker’s Compensation Insurance in limits required by applicable law; and (3) Product Liability Insurance with minimum limits of $1,000,000 per occurrence and $2,000,000 in aggregate. GL and Product Liability policies shall name the other Party as an additionally insured party
CY2024Q1 us-gaap Use Of Estimates
UseOfEstimates
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><em><strong>Use of Estimates</strong></em> – The preparation of financial statements in conformity with US GAAP typically requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses. Actual results and outcomes may differ from management’s estimates and assumptions. Key estimates in these financial statements include the allowance for doubtful accounts, sales allowance, estimated useful lives of property, plant and equipment, valuation allowance on deferred income tax assets, the earnout liability pursuant to the Oculus Merger Agreement, and the fair value of stock options and warrants. </p>
CY2024Q1 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 usd
CY2024Q1 us-gaap Deposits
Deposits
1000000 usd
CY2024Q1 lsfp Findersfees
Findersfees
0.20 pure
CY2024Q1 us-gaap Accounts Receivable Sale
AccountsReceivableSale
3901279 usd
CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
650695 usd
CY2023 us-gaap Accounts Receivable Sale
AccountsReceivableSale
3586176 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
375417 usd
CY2024Q1 us-gaap Inventory Raw Materials
InventoryRawMaterials
4443581 usd
CY2023Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
4962652 usd
CY2024Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
3215862 usd
CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
5212015 usd
CY2024Q1 us-gaap Inventory Net
InventoryNet
7659443 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
10174667 usd
CY2024Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
337181 usd
CY2023Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
338582 usd
CY2024Q1 lsfp Spoiled And Written Off Inventories
SpoiledAndWrittenOffInventories
398815 usd
CY2023Q1 lsfp Spoiled And Written Off Inventories
SpoiledAndWrittenOffInventories
131967 usd
CY2024Q1 lsfp Description Of Agreement For The Forgiveness Of Payables
DescriptionOfAgreementForTheForgivenessOfPayables
Lifted was able to reach an agreement for the forgiveness of $630,000 of payables owed to its third-party disposable vape device manufacturer. The agreement also includes credits to Lifted against future purchases from the device manufacturer totaling $370,047. The credit is to be provided by the manufacturer at the rate of $46,255.87 per quarter beginning with the first quarter of 2023 and continuing for the next six consecutive quarters, with a final quarterly credit of $46,255.91 for the fourth quarter of 2024
CY2023 lsfp Accrued Liabilities And Cost Of Good Sold
AccruedLiabilitiesAndCostOfGoodSold
485496 usd
CY2022Q4 lsfp Amount Booked For Assets
AmountBookedForAssets
370047 usd
CY2024Q1 lsfp Other Income Amortized Amount Per Quarter
OtherIncomeAmortizedAmountPerQuarter
46256 usd
CY2024Q1 lsfp Other Income Amortized Amount Per Quarter Fourth
OtherIncomeAmortizedAmountPerQuarterFourth
46255 usd
CY2024Q1 lsfp Business Of Description
BusinessOfDescription
the analysis of credits applied to the vape device manufacturer bills in 2023, Lifted received $33,427 more credits than was expected/agreed to per the agreement ($185,024 per year for 2023 and 2024); as such, Lifted’s revised credit going into 2024 was $151,597, and this is amortized quarterly at the rate of $37,899 per quarter
CY2024Q1 lsfp Costof Fixed Assets
CostofFixedAssets
2500 usd
CY2024Q1 lsfp Fixed Assets Capitalized Gross
FixedAssetsCapitalizedGross
2500 usd
CY2024Q1 us-gaap Financing Receivable Sale
FinancingReceivableSale
344812 usd
CY2023Q1 us-gaap Financing Receivable Sale
FinancingReceivableSale
635098 usd
CY2024Q1 us-gaap Revenues
Revenues
10666649 usd
CY2024Q1 lsfp Revenue Percentage
RevenuePercentage
1 pure
CY2023Q1 us-gaap Revenues
Revenues
12461793 usd
CY2023Q1 lsfp Revenue Percentage
RevenuePercentage
1 pure
CY2024Q1 us-gaap Revenues
Revenues
10666649 usd
CY2024Q1 lsfp Revenue Percentage
RevenuePercentage
1 pure
CY2023Q1 us-gaap Revenues
Revenues
12461793 usd
CY2023Q1 lsfp Revenue Percentage
RevenuePercentage
1 pure
CY2024Q1 us-gaap Revenues
Revenues
10666649 usd
CY2024Q1 lsfp Revenue Percentage
RevenuePercentage
1 pure
CY2023Q1 us-gaap Revenues
Revenues
12461793 usd
CY2023Q1 lsfp Revenue Percentage
RevenuePercentage
1 pure
CY2024Q1 us-gaap Revenues
Revenues
10666649 usd
CY2024Q1 lsfp Revenue Percentage
RevenuePercentage
1 pure
CY2023Q1 us-gaap Revenues
Revenues
12461793 usd
CY2023Q1 lsfp Revenue Percentage
RevenuePercentage
1 pure
CY2024Q1 us-gaap Revenue Recognition Deferred Revenue
RevenueRecognitionDeferredRevenue
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Amounts received from a customer before the purchased product is shipped to the customer are treated as deferred revenue. If cash is not received, an accounts receivable is recognized for the invoiced order, but revenue is not recognized until the order is fully shipped. Accounts receivable include amounts associated with partially shipped orders, for which the unshipped portion is a contract asset. Contract assets represent invoiced but unfulfilled performance obligations. </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">At March 31, 2024, total deferred revenue was $853,202, all of which is expected to be recognized as revenue in 2024. At December 31, 2023, total deferred revenue was $235,891, all of which was recognized as revenue in 2024. </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The table shown below represents the composition of deferred revenue between contract assets (invoiced but unfulfilled performance obligations) and deposits from customers from unfulfilled orders as of March 31, 2024 and December 31, 2023.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>March 31,</strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>2024</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>December 31, </strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"> <strong>2023</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;"><strong>Contract Assets (invoiced but unfulfilled performance obligations)</strong></p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">445,882</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">131,304</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;"><strong>Deposits from customers for unfulfilled orders</strong></p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: #000000 1px solid;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: #000000 1px solid;width:9%;vertical-align:bottom;text-align:right;">407,320</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: #000000 1px solid;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: #000000 1px solid;width:9%;vertical-align:bottom;text-align:right;">104,586</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:right;"><strong>Total Deferred Revenue</strong></p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">853,202</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">235,891</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr></tbody></table>
CY2024Q1 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
853202 usd
CY2023Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
235891 usd
CY2024Q1 lsfp Contract Assets Invoiced But Unfulfilled Performance Obligations
ContractAssetsInvoicedButUnfulfilledPerformanceObligations
445882 usd
CY2023Q4 lsfp Contract Assets Invoiced But Unfulfilled Performance Obligations
ContractAssetsInvoicedButUnfulfilledPerformanceObligations
131304 usd
CY2024Q1 lsfp Deposits From Customers For Unfulfilled Orders
DepositsFromCustomersForUnfulfilledOrders
407320 usd
CY2023Q4 lsfp Deposits From Customers For Unfulfilled Orders
DepositsFromCustomersForUnfulfilledOrders
104586 usd
CY2024Q1 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
853202 usd
CY2023Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
235891 usd
CY2024Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
7282609 usd
CY2023Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
6813348 usd
CY2024Q1 lsfp Cost Of Goods Sold Of Inventry Write Down
CostOfGoodsSoldOfInventryWriteDown
398815 usd
CY2023Q1 lsfp Cost Of Goods Sold Of Inventry Write Down
CostOfGoodsSoldOfInventryWriteDown
131967 usd
CY2024Q1 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
3506374 usd
CY2023Q1 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
5753329 usd
CY2024Q1 lsfp Stock Compensation Operating Expense Non Cash
StockCompensationOperatingExpenseNonCash
2138175 usd
CY2023Q1 us-gaap Other Noncash Expense
OtherNoncashExpense
1584208 usd
CY2024Q1 us-gaap Common Stock Dividends Shares
CommonStockDividendsShares
645000 shares
CY2024Q1 lsfp Net Income Other
NetIncomeOther
1442466 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-141742 usd
CY2024Q1 lsfp Earnings Per Shares Basic
EarningsPerSharesBasic
0.10
CY2023Q1 lsfp Earnings Per Shares Basic
EarningsPerSharesBasic
0.09
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
-1141004 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-141742 usd
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14805678 shares
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14246745 shares
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14805678 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14246745 shares
CY2024Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.08
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
CY2024Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.08
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
CY2024Q1 lsfp Description Of Calculation Of Diluted Earnings Exercise Prices
DescriptionOfCalculationOfDilutedEarningsExercisePrices
the exercise price ($5.00/share) was higher than the stock closing price at March 31, 2024 ($2.00/share). There were also 142,000 shares of issuable Deferred Contingent Stock
CY2024Q2 us-gaap Income Tax Credits And Adjustments
IncomeTaxCreditsAndAdjustments
0 usd
CY2024Q2 us-gaap Noncash Merger Related Costs
NoncashMergerRelatedCosts
200000 usd
CY2024Q2 lsfp Unregistered Shares Issue Of Common Stock
UnregisteredSharesIssueOfCommonStock
160000 shares
CY2023Q1 lsfp Description Of Calculation Of Diluted Earnings Exercise Prices
DescriptionOfCalculationOfDilutedEarningsExercisePrices
the exercise price ($5/share) was higher than the stock closing price at March 31, 2023 ($2.35/share)
CY2024Q1 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.03 pure
CY2024Q1 lsfp Concentration Risk Percentage One
ConcentrationRiskPercentageOne
0.27 pure
CY2024Q1 us-gaap Advertising Expense
AdvertisingExpense
176660 usd
CY2023Q1 us-gaap Advertising Expense
AdvertisingExpense
228571 usd
CY2024Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><em><strong>Reclassifications</strong></em> – Some items from the prior period have been reclassified within the financial statements to conform with the current presentation.</p>
CY2024Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-3241142 usd
CY2023Q1 lsfp Concentration Risk Percentage One
ConcentrationRiskPercentageOne
0.26 pure
CY2024Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3589569 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3589918 usd
CY2024Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
701058 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
593531 usd
CY2024Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2888511 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2996387 usd
CY2023Q1 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
48798 usd
CY2024Q1 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
33813 usd
CY2024Q1 lsfp Finite Lived Intangible Assets Useful Life
FiniteLivedIntangibleAssetsUsefulLife
P32M
CY2024Q1 us-gaap Sublease Income
SubleaseIncome
3000 usd
CY2024Q1 lsfp Schedule Of Rent Payment Of Building Next Twelve Months
ScheduleOfRentPaymentOfBuildingNextTwelveMonths
5740 usd
CY2024Q1 lsfp Schedule Of Rent Payment Of Building Year One
ScheduleOfRentPaymentOfBuildingYearOne
5855 usd
CY2024Q1 lsfp Schedule Of Rent Payment Of Building Year Two
ScheduleOfRentPaymentOfBuildingYearTwo
5972 usd
CY2024Q1 lsfp Schedule Of Rent Payment Of Building Year Three
ScheduleOfRentPaymentOfBuildingYearThree
6092 usd
CY2024Q1 lsfp Schedule Of Rent Payment Of Building Year Four
ScheduleOfRentPaymentOfBuildingYearFour
6213 usd
CY2024Q1 us-gaap Stock Issued During Period Shares Acquisitions
StockIssuedDuringPeriodSharesAcquisitions
645000 shares
CY2024Q1 us-gaap Deferred Compensation Arrangement With Individual Common Stock Reserved For Future Issuance
DeferredCompensationArrangementWithIndividualCommonStockReservedForFutureIssuance
503000 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
3612198 shares
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
3.85
CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P1Y25D
CY2023Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
357008 usd
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3612198 shares
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
3.85
CY2024Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P0Y9M25D
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
170500 usd
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
3612198 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
3.85
CY2024Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P0Y9M25D
CY2024Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
170500 usd
CY2023Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
15000 shares
CY2024Q1 lsfp Common Stock Share Outstanding
CommonStockShareOutstanding
3900455 shares
CY2021Q1 lsfp Rented Space
RentedSpace
11238 sqft
CY2021Q1 lsfp Premises Rent Per Square
PremisesRentPerSquare
6.13
CY2021Q1 lsfp Base Rent Amount
BaseRentAmount
68888 usd
CY2021Q1 lsfp Increase In Base Rent Percentage
IncreaseInBaseRentPercentage
0.02 pure
CY2024Q1 lsfp Schedule Of Permises Base Monthly Rent Payment Next Twelve Months
ScheduleOfPermisesBaseMonthlyRentPaymentNextTwelveMonths
5740 usd
CY2024Q1 lsfp Schedule Of Permises Base Monthly Rent Payment Year One
ScheduleOfPermisesBaseMonthlyRentPaymentYearOne
5855 usd
CY2024Q1 lsfp Schedule Of Permises Base Monthly Rent Payment Year Two
ScheduleOfPermisesBaseMonthlyRentPaymentYearTwo
5972 usd
CY2024Q1 lsfp Schedule Of Permises Base Monthly Rent Payment Year Three
ScheduleOfPermisesBaseMonthlyRentPaymentYearThree
6092 usd
CY2024Q1 lsfp Schedule Of Permises Base Monthly Rent Payment Year Four
ScheduleOfPermisesBaseMonthlyRentPaymentYearFour
6213 usd
CY2022Q4 us-gaap Purchase Obligation
PurchaseObligation
1375000 usd
CY2021Q4 lsfp Immaterial Loss On Lease Modification
ImmaterialLossOnLeaseModification
1446 usd
CY2024Q1 lsfp Lease Period Term Of Agreement
LeasePeriodTermOfAgreement
P39Y
CY2023Q4 us-gaap Payments To Acquire Buildings
PaymentsToAcquireBuildings
1375000 usd
CY2021Q4 lsfp Rented Space
RentedSpace
5000 sqft
CY2021Q4 lsfp Premises Rent Per Square
PremisesRentPerSquare
5.75
CY2021Q4 lsfp Increase In Base Rent Percentage
IncreaseInBaseRentPercentage
0.03 pure
CY2022Q1 lsfp Rented Space
RentedSpace
8000 sqft
CY2022Q1 lsfp Premises Rent Per Square
PremisesRentPerSquare
6.00
CY2022Q2 lsfp Rented Space
RentedSpace
6132 sqft
CY2022Q2 lsfp Premises Rent Per Square
PremisesRentPerSquare
10.75
CY2022Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
3000 usd
CY2024Q1 lsfp Diluted Earnings Per Share
DilutedEarningsPerShare
0.56
CY2024Q1 lsfp Eliminated Accrual Bonus
EliminatedAccrualBonus
2121532 usd
CY2023Q1 lsfp Annual Bonus
AnnualBonus
466668 usd
CY2022Q4 lsfp Eliminated Accrual Bonus
EliminatedAccrualBonus
466668 usd
CY2024Q1 lsfp Annual Bonus
AnnualBonus
466668 usd
CY2024Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
586027 usd
CY2024Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
165727 usd
CY2024Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
428246 usd
CY2024Q1 lsfp Finance Lease Right Of Use Asset Before Accumulated Amortizations
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortizations
0 usd
CY2023Q1 lsfp Finance Lease Right Of Use Asset Before Accumulated Amortizations
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortizations
10800 usd
CY2024Q1 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
0 usd
CY2023Q1 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
24162 usd
CY2024Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
55314 usd
CY2023Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
44708 usd
CY2024Q1 lsfp Finance Lease Expense
FinanceLeaseExpense
55314 usd
CY2023Q1 lsfp Finance Lease Expense
FinanceLeaseExpense
79670 usd
CY2024Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0701 pure
CY2024Q1 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
0 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
154956 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
0 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
191406 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
0 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
197490 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
0 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
115471 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
0 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
12588 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
0 usd
CY2024Q1 lsfp Operating Lease Liability Payments Due After Year Five
OperatingLeaseLiabilityPaymentsDueAfterYearFive
0 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
0 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
671911 usd
CY2024Q1 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
0 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
77938 usd
CY2024Q1 lsfp Finance Leases Liability
FinanceLeasesLiability
0 usd
CY2024Q1 lsfp Operating Leases Liability
OperatingLeasesLiability
593973 usd
CY2022 lsfp Diluted Earnings Per Share
DilutedEarningsPerShare
0.56
lsfp Diluted Earnings Per Share
DilutedEarningsPerShare
0.42
CY2024Q1 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
414796 usd
CY2023Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
434889 usd

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