2022 Q4 Form 20-F Financial Statement

#000110465923039695 Filed on March 31, 2023

View on sec.gov

Income Statement

Concept 2022 Q4 2022 2021 Q4
Revenue $156.4M $503.6M $113.2M
YoY Change 38.24% 12.88% -14.76%
Cost Of Revenue $72.03M $228.5M $59.75M
YoY Change 20.56% -4.55% -18.28%
Gross Profit $84.39M $275.1M $53.40M
YoY Change 58.02% 33.07% -10.45%
Gross Profit Margin 53.95% 54.63% 47.19%
Selling, General & Admin $89.38M $258.9M $61.10M
YoY Change 46.28% 27.45% -3.47%
% of Gross Profit 105.92% 94.13% 114.43%
Research & Development $19.45M
YoY Change -4.38%
% of Gross Profit 7.07%
Depreciation & Amortization $1.223M
YoY Change -62.93%
% of Gross Profit 0.44%
Operating Expenses $89.29M $289.3M $60.87M
YoY Change 46.68% 29.84% -2.35%
Operating Profit -$4.905M -$14.24M -$7.473M
YoY Change -34.36% -11.62% 175.96%
Interest Expense $19.00K $5.000K $10.00K
YoY Change 90.0% -89.13% -68.75%
% of Operating Profit
Other Income/Expense, Net -$8.000K -$55.05M $21.75M
YoY Change -100.04% -240.0% -7978.62%
Pretax Income -$60.98M -$69.29M $14.28M
YoY Change -526.95% -397.94% -583.81%
Income Tax -$12.72M -$12.71M $5.542M
% Of Pretax Income 38.8%
Net Earnings -$48.26M -$56.58M $8.455M
YoY Change -670.8% -530.97% -364.88%
Net Earnings / Revenue -30.85% -11.24% 7.47%
Basic Earnings Per Share -$0.25
Diluted Earnings Per Share -$0.21 -$0.25 $37.34K
COMMON SHARES
Basic Shares Outstanding 226.6M 226.2M
Diluted Shares Outstanding 226.2M

Balance Sheet

Concept 2022 Q4 2022 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $88.58M $88.58M $55.94M
YoY Change 58.33% 58.33% -9.0%
Cash & Equivalents $88.58M $88.58M $55.94M
Short-Term Investments
Other Short-Term Assets $505.0K $12.45M $11.61M
YoY Change -95.65% 7.22% 25.78%
Inventory $14.26M $14.26M $12.00M
Prepaid Expenses
Receivables $695.0K $695.0K $4.355M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $116.0M $116.0M $83.90M
YoY Change 38.23% 38.23% -1.07%
LONG-TERM ASSETS
Property, Plant & Equipment $2.946M $13.82M $14.90M
YoY Change -80.22% -7.22% -7.22%
Goodwill $28.18M $30.44M
YoY Change -7.43% 2.34%
Intangibles $5.630M $8.232M
YoY Change -31.61%
Long-Term Investments $1.211M $1.211M $57.60M
YoY Change -97.9% -97.9% 219.93%
Other Assets $0.00 $0.00 $296.0K
YoY Change -100.0% -100.0%
Total Long-Term Assets $48.84M $48.84M $111.5M
YoY Change -56.19% -56.19% 52.23%
TOTAL ASSETS
Total Short-Term Assets $116.0M $116.0M $83.90M
Total Long-Term Assets $48.84M $48.84M $111.5M
Total Assets $164.8M $164.8M $195.4M
YoY Change -15.64% -15.64% 23.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $26.52M $26.52M $23.54M
YoY Change 12.67% 12.67% 38.82%
Accrued Expenses $90.36M $95.35M $61.60M
YoY Change 46.68% 54.89% 32.62%
Deferred Revenue $32.24M $24.79M
YoY Change 30.06%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $44.00K
YoY Change 2.33%
Total Short-Term Liabilities $154.1M $154.1M $109.9M
YoY Change 40.19% 40.19% 13.5%
LONG-TERM LIABILITIES
Long-Term Debt $34.00K $34.00K $78.00K
YoY Change -56.41% -56.41% -37.1%
Other Long-Term Liabilities $6.683M $6.683M $20.97M
YoY Change -68.12% -68.12% 158.25%
Total Long-Term Liabilities $6.717M $6.717M $21.04M
YoY Change -68.08% -68.08% 155.31%
TOTAL LIABILITIES
Total Short-Term Liabilities $154.1M $154.1M $109.9M
Total Long-Term Liabilities $6.717M $6.717M $21.04M
Total Liabilities $160.9M $160.9M $131.6M
YoY Change 22.28% 22.28% 21.04%
SHAREHOLDERS EQUITY
Retained Earnings -$249.2M -$192.1M
YoY Change 29.76%
Common Stock $17.00K $17.00K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.876M $3.876M $63.76M
YoY Change
Total Liabilities & Shareholders Equity $164.8M $164.8M $195.4M
YoY Change -15.64% -15.64% 23.63%

Cashflow Statement

Concept 2022 Q4 2022 2021 Q4
OPERATING ACTIVITIES
Net Income -$48.26M -$56.58M $8.455M
YoY Change -670.8% -530.97% -364.88%
Depreciation, Depletion And Amortization $1.223M
YoY Change -62.93%
Cash From Operating Activities $35.83M
YoY Change -2122.92%
INVESTING ACTIVITIES
Capital Expenditures $817.0K
YoY Change -143.09%
Acquisitions
YoY Change
Other Investing Activities $2.868M
YoY Change 1774.51%
Cash From Investing Activities $2.051M
YoY Change -217.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -43.00K
YoY Change -96.74%
NET CHANGE
Cash From Operating Activities 35.83M
Cash From Investing Activities 2.051M
Cash From Financing Activities -43.00K
Net Change In Cash 37.83M
YoY Change -882.66%
FREE CASH FLOW
Cash From Operating Activities $35.83M
Capital Expenditures $817.0K
Free Cash Flow $35.01M
YoY Change 27907.2%

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1382000
CY2021 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
268000
CY2021 us-gaap Profit Loss
ProfitLoss
13454000
CY2021 litb Adjustments To Additional Paid In Capital Acquisition Of Non Controlling Interest
AdjustmentsToAdditionalPaidInCapitalAcquisitionOfNonControllingInterest
1544000
CY2021 us-gaap Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax
0
CY2021 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
942000
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
63879000
CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
340000
CY2022 us-gaap Profit Loss
ProfitLoss
-56582000
CY2022 us-gaap Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax
0
CY2022 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-3761000
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3876000
CY2020 us-gaap Profit Loss
ProfitLoss
13346000
CY2021 us-gaap Profit Loss
ProfitLoss
13454000
CY2022 us-gaap Profit Loss
ProfitLoss
-56582000
CY2020 litb Depreciation And Amortization Excluding Amortization Of Debt Discount
DepreciationAndAmortizationExcludingAmortizationOfDebtDiscount
2443000
CY2021 litb Depreciation And Amortization Excluding Amortization Of Debt Discount
DepreciationAndAmortizationExcludingAmortizationOfDebtDiscount
3299000
CY2022 litb Depreciation And Amortization Excluding Amortization Of Debt Discount
DepreciationAndAmortizationExcludingAmortizationOfDebtDiscount
3371000
CY2020 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-106000
CY2021 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-3000
CY2022 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-17000
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
3606000
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
1382000
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
340000
CY2022 us-gaap Equity Securities Without Readily Determinable Fair Value Impairment Loss Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueImpairmentLossAnnualAmount
56083000
CY2020 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
1407000
CY2021 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-1132000
CY2022 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-2383000
CY2020 litb Change In Equity Securities Without Readily Determinable Fair Value Amount
ChangeInEquitySecuritiesWithoutReadilyDeterminableFairValueAmount
13450000
CY2021 litb Change In Equity Securities Without Readily Determinable Fair Value Amount
ChangeInEquitySecuritiesWithoutReadilyDeterminableFairValueAmount
38834000
CY2022 litb Change In Equity Securities Without Readily Determinable Fair Value Amount
ChangeInEquitySecuritiesWithoutReadilyDeterminableFairValueAmount
849000
CY2020 litb Bad Debt Expense Reversal
BadDebtExpenseReversal
-688000
CY2021 litb Bad Debt Expense Reversal
BadDebtExpenseReversal
407000
CY2022 litb Bad Debt Expense Reversal
BadDebtExpenseReversal
83000
CY2020 us-gaap Inventory Write Down
InventoryWriteDown
-108000
CY2021 us-gaap Inventory Write Down
InventoryWriteDown
880000
CY2022 us-gaap Inventory Write Down
InventoryWriteDown
103000
CY2022 litb Increase Decrease Unrecognized Tax Benefits
IncreaseDecreaseUnrecognizedTaxBenefits
12302000
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
3363000
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
9827000
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-407000
CY2020 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-859000
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
731000
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-930000
CY2020 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
2455000
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
2957000
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
2366000
CY2020 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2005000
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2837000
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1412000
CY2020 us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
-315000
CY2021 us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
-62000
CY2020 us-gaap Increase Decrease In Deposits Outstanding
IncreaseDecreaseInDepositsOutstanding
-71000
CY2021 us-gaap Increase Decrease In Deposits Outstanding
IncreaseDecreaseInDepositsOutstanding
511000
CY2022 us-gaap Increase Decrease In Deposits Outstanding
IncreaseDecreaseInDepositsOutstanding
-7000
CY2020 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-690000
CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
6582000
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
2983000
CY2020 us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
-19000
CY2021 us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
-167000
CY2020 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
11548000
CY2021 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-8490000
CY2022 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
7452000
CY2020 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
14373000
CY2021 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
15808000
CY2022 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
32537000
CY2020 litb Increase Decrease In Operating Lease Right Of Use Assets
IncreaseDecreaseInOperatingLeaseRightOfUseAssets
10000
CY2021 litb Increase Decrease In Operating Lease Right Of Use Assets
IncreaseDecreaseInOperatingLeaseRightOfUseAssets
-660000
CY2022 litb Increase Decrease In Operating Lease Right Of Use Assets
IncreaseDecreaseInOperatingLeaseRightOfUseAssets
-5506000
CY2020 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
116000
CY2021 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-740000
CY2022 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-4875000
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
29314000
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1771000
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
35826000
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2233000
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1013000
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
817000
CY2021 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
56000
CY2020 us-gaap Payments To Acquire Software
PaymentsToAcquireSoftware
1627000
CY2021 us-gaap Payments To Acquire Software
PaymentsToAcquireSoftware
827000
CY2020 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
621000
CY2021 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
64000
CY2022 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
138000
CY2020 us-gaap Proceeds From Sale Of Longterm Investments
ProceedsFromSaleOfLongtermInvestments
1403000
CY2021 us-gaap Proceeds From Sale Of Longterm Investments
ProceedsFromSaleOfLongtermInvestments
89000
CY2022 us-gaap Proceeds From Sale Of Longterm Investments
ProceedsFromSaleOfLongtermInvestments
2730000
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1836000
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1743000
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
2051000
CY2020 us-gaap Repayments Of Debt
RepaymentsOfDebt
991000
CY2021 us-gaap Repayments Of Debt
RepaymentsOfDebt
44000
CY2022 us-gaap Repayments Of Debt
RepaymentsOfDebt
43000
CY2021 us-gaap Proceeds From Sale Of Treasury Stock
ProceedsFromSaleOfTreasuryStock
268000
CY2020 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2695000
CY2021 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
1544000
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-3686000
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1320000
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-43000
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
23792000
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-4834000
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
37834000
CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1292000
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-1093000
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-2868000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
40445000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
65529000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
59602000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
65529000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
59602000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
94568000
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
61477000
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
55942000
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
88575000
CY2020Q4 us-gaap Restricted Cash
RestrictedCash
4052000
CY2021Q4 us-gaap Restricted Cash
RestrictedCash
3660000
CY2022Q4 us-gaap Restricted Cash
RestrictedCash
5993000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
65529000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
59602000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
94568000
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
27000
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
11000
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
17000
CY2020 us-gaap Interest Paid Net
InterestPaidNet
92000
CY2021 us-gaap Interest Paid Net
InterestPaidNet
13000
CY2022 us-gaap Interest Paid Net
InterestPaidNet
5000
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
10261000
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
4655000
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
5498000
CY2021Q4 us-gaap Accounts Receivable Allowance For Credit Loss Excluding Accrued Interest Noncurrent
AccountsReceivableAllowanceForCreditLossExcludingAccruedInterestNoncurrent
968000
CY2022Q4 us-gaap Accounts Receivable Allowance For Credit Loss Excluding Accrued Interest Noncurrent
AccountsReceivableAllowanceForCreditLossExcludingAccruedInterestNoncurrent
0
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
2052000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
685000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
685000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
685000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
685000
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 0pt 36pt;"><span style="font-style:italic;font-weight:bold;">(d)  Use of estimates</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 0pt 36pt;"><span style="margin-left:0pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and the reported amounts of revenues and expenses in the financial statements and accompanying notes. Actual results may differ from these estimates. The Group bases its estimates on historical experience and various other factors believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. Significant accounting estimates reflected in the Group’s consolidated financial statements include the allowance for credit losses of accounts receivables, inventory valuation, the useful lives of property and equipment and intangibles assets with definite lives, impairment of goodwill and long-lived assets, realization of deferred income tax assets, incremental borrowing rates for lease liabilities, the fair value of equity investment without readily determinable fair value accounted for using the measurement alternative, impairment of equity investment without readily determinable fair value, the fair value determination and estimated forfeiture rates for share-based compensation awards, and sales returns allowances.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 0pt 36pt;"><span style="margin-left:0pt;visibility:hidden;">​</span></p>
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1852000
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1841000
CY2020Q4 us-gaap Accounts Receivable Allowance For Credit Loss Excluding Accrued Interest Noncurrent
AccountsReceivableAllowanceForCreditLossExcludingAccruedInterestNoncurrent
25000
CY2020 us-gaap Inventory Write Down
InventoryWriteDown
-108000
CY2021 us-gaap Inventory Write Down
InventoryWriteDown
880000
CY2022 us-gaap Inventory Write Down
InventoryWriteDown
103000
CY2020 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
15156000
CY2022 litb Return Period Subsequent To Delivery Of Goods Purchased By Customers With Quality Related Issues
ReturnPeriodSubsequentToDeliveryOfGoodsPurchasedByCustomersWithQualityRelatedIssues
P12M
CY2021 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
20338000
CY2022 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
19447000
CY2020 litb Chargeback Expense
ChargebackExpense
2225000
CY2021 litb Chargeback Expense
ChargebackExpense
1352000
CY2022 litb Chargeback Expense
ChargebackExpense
2209000
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
25814000
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
18239000
CY2021 litb Cash Received In Advance Net Of Vat
CashReceivedInAdvanceNetOfVat
457749000
CY2022 litb Cash Received In Advance Net Of Vat
CashReceivedInAdvanceNetOfVat
484139000
CY2021 litb Contract With Customer Liability Revenue Recognized From Opening Balance
ContractWithCustomerLiabilityRevenueRecognizedFromOpeningBalance
25814000
CY2022 litb Contract With Customer Liability Revenue Recognized From Opening Balance
ContractWithCustomerLiabilityRevenueRecognizedFromOpeningBalance
18239000
CY2021 litb Revenue Recognized From Advance From Customers
RevenueRecognizedFromAdvanceFromCustomers
439510000
CY2022 litb Revenue Recognized From Advance From Customers
RevenueRecognizedFromAdvanceFromCustomers
457487000
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
18239000
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
26652000
CY2020 us-gaap Advertising Expense
AdvertisingExpense
103618000
CY2021 us-gaap Advertising Expense
AdvertisingExpense
142397000
CY2022 us-gaap Advertising Expense
AdvertisingExpense
210817000
CY2020Q4 litb Additions For Credit Losses
AdditionsForCreditLosses
116000
CY2021Q4 litb Additions For Credit Losses
AdditionsForCreditLosses
0
CY2022Q4 litb Additions For Credit Losses
AdditionsForCreditLosses
83000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
838000
CY2022 litb Threshold Percentage For Not Recognizing Income Tax
ThresholdPercentageForNotRecognizingIncomeTax
0.50
CY2020 us-gaap Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
1403000
CY2021 us-gaap Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
2082000
CY2022 us-gaap Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
2148000
CY2022Q4 litb Liabilities Current One
LiabilitiesCurrentOne
38134000
CY2022Q4 litb Working Capital Deficit
WorkingCapitalDeficit
249224000
CY2020 us-gaap Profit Loss
ProfitLoss
13346000
CY2021 us-gaap Profit Loss
ProfitLoss
13454000
CY2021 us-gaap Profit Loss
ProfitLoss
13454000
CY2022 us-gaap Profit Loss
ProfitLoss
-56582000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
94568000
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 36pt;"><span style="font-style:italic;font-weight:bold;">(ee) Concentration of credit risk</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0pt 36pt;"><span style="margin-left:0pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">Financial instruments that potentially expose the Group to concentrations of credit risk consist primarily of cash, cash equivalents and restricted cash, accounts receivable, advances to suppliers, receivable from reputable payment processing agencies with high-credit ratings and long-term rental deposits. The Group places its cash and cash equivalents and restricted cash with financial institutions and third-party payment processing agencies located in the PRC, Hong Kong, United States, Netherlands, Singapore, Malaysia, Thailand and Indonesia. In the event of bankruptcy of one of these financial institutions and third-party payment processing agencies, the Group may not be able to claim its cash and demand deposits back in full. The Group continues to monitor the financial strength of the financial institutions and third-party payment processing agencies. There has been no recent history of default in relation to these financial institutions and third-party payment processing agencies. Accounts receivable mainly include amount generated from logistic services and the cash-on-delivery business. With respect to advances to product suppliers and long-term rental deposits, the Group performs on-going credit evaluations of the financial condition of its vendors. Receivable from payment processing agencies represented cash that had been received from customers but held by the payment processing agencies in the process of reconciliation and are collected by the Group subsequent to the year end.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 0pt 36pt;"><span style="margin-left:0pt;visibility:hidden;">​</span></p>
CY2021Q4 us-gaap Supplies
Supplies
3600000
CY2022Q4 us-gaap Supplies
Supplies
4711000
CY2021Q4 us-gaap Deferred Offering Costs
DeferredOfferingCosts
654000
CY2022Q4 us-gaap Deferred Offering Costs
DeferredOfferingCosts
659000
CY2021Q4 litb Receivable From Payment Processing Agencies Current
ReceivableFromPaymentProcessingAgenciesCurrent
224000
CY2022Q4 litb Receivable From Payment Processing Agencies Current
ReceivableFromPaymentProcessingAgenciesCurrent
448000
CY2021Q4 litb Rental Deposit And Prepaid Rent Current
RentalDepositAndPrepaidRentCurrent
500000
CY2022Q4 litb Rental Deposit And Prepaid Rent Current
RentalDepositAndPrepaidRentCurrent
129000
CY2021Q4 us-gaap Other Assets Current
OtherAssetsCurrent
2969000
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
505000
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
7947000
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
6452000
CY2021Q4 litb Allowance Of Credit Losses For Prepaid Expenses And Other Current Assets
AllowanceOfCreditLossesForPrepaidExpensesAndOtherCurrentAssets
112000
CY2022Q4 litb Allowance Of Credit Losses For Prepaid Expenses And Other Current Assets
AllowanceOfCreditLossesForPrepaidExpensesAndOtherCurrentAssets
192000
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
8322000
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
8275000
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
5010000
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
5329000
CY2021Q4 us-gaap Property Plant And Equipment Net
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3312000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2946000
CY2020 us-gaap Depreciation
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1040000
CY2021 us-gaap Depreciation
Depreciation
1217000
CY2022 us-gaap Depreciation
Depreciation
1223000
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29745000
CY2020Q4 us-gaap Goodwill
Goodwill
29745000
CY2021 us-gaap Goodwill Foreign Currency Translation Gain Loss
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695000
CY2021Q4 us-gaap Goodwill Gross
GoodwillGross
30440000
CY2021Q4 us-gaap Goodwill
Goodwill
30440000
CY2022 us-gaap Goodwill Foreign Currency Translation Gain Loss
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-2263000
CY2022Q4 us-gaap Goodwill Gross
GoodwillGross
28177000
CY2022Q4 us-gaap Goodwill
Goodwill
28177000
CY2021Q4 us-gaap Intangible Assets Gross Excluding Goodwill
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14728000
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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5474000
CY2021Q4 litb Intangible Assets Excluding Goodwill Accumulated Impairment Loss
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1022000
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8232000
CY2022Q4 us-gaap Intangible Assets Gross Excluding Goodwill
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13868000
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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7216000
CY2022Q4 litb Intangible Assets Excluding Goodwill Accumulated Impairment Loss
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1022000
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
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5630000
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0
CY2021 us-gaap Impairment Of Intangible Assets Excluding Goodwill
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0
CY2022 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0
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4846000
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
5089000
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
5434000
CY2020 us-gaap Short Term Lease Cost
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488000
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1115000
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
652000
CY2020 us-gaap Finance Lease Right Of Use Asset Amortization
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152000
CY2021 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
28000
CY2022 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
27000
CY2020 us-gaap Finance Lease Interest Expense
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92000
CY2021 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
13000
CY2022 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
5000
CY2020 us-gaap Lease Cost
LeaseCost
5578000
CY2021 us-gaap Lease Cost
LeaseCost
6245000
CY2022 us-gaap Lease Cost
LeaseCost
6118000
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
5118000
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
5132000
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
4932000
CY2020 us-gaap Finance Lease Interest Payment On Liability
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991000
CY2021 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
44000
CY2022 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
43000
CY2020 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
92000
CY2021 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
13000
CY2022 us-gaap Finance Lease Principal Payments
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5000
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10261000
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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4655000
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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5498000
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P3Y5M19D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P3Y1M17D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y3M18D
CY2020Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y8M19D
CY2021Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y8M19D
CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P1Y8M19D
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0.0492
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.0479
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.0390
CY2020Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
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0.0570
CY2021Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
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0.0570
CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
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0.0570
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2163000
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2012000
CY2021Q4 us-gaap Accrued Liabilities Current
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57819000
CY2022Q4 us-gaap Accrued Liabilities Current
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90357000
CY2022Q4 us-gaap Accrued Advertising Current And Noncurrent
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210817000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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5379000
CY2022Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
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48000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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5055000
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Two
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34000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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1735000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
12169000
CY2022Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
82000
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600000
CY2022Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
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4000
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
11569000
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
78000
CY2021 us-gaap Equity Method Investment Other Than Temporary Impairment
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0
CY2022 us-gaap Equity Method Investment Other Than Temporary Impairment
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56083000
CY2021Q4 us-gaap Accrued Advertising Current
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24683000
CY2022Q4 us-gaap Accrued Advertising Current
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48445000
CY2021Q4 litb Business Tax Payable Current
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19938000
CY2022Q4 litb Business Tax Payable Current
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28680000
CY2021Q4 us-gaap Employee Related Liabilities Current
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7726000
CY2022Q4 us-gaap Employee Related Liabilities Current
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6971000
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680000
CY2022Q4 litb Accrued Sales Return Current
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2348000
CY2021Q4 us-gaap Accrued Professional Fees Current
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1771000
CY2022Q4 us-gaap Accrued Professional Fees Current
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1153000
CY2021Q4 litb Individual Income Tax Payable Current
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577000
CY2022Q4 litb Individual Income Tax Payable Current
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598000
CY2021Q4 litb Accrued Credit Card Processing Charges Current
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238000
CY2022Q4 litb Accrued Credit Card Processing Charges Current
AccruedCreditCardProcessingChargesCurrent
106000
CY2021Q4 litb Current Portion Of Finance Lease Liabilities
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43000
CY2022Q4 litb Current Portion Of Finance Lease Liabilities
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44000
CY2022Q4 litb Accrued Advertising Current And Noncurrent Paid
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187055000
CY2020Q4 litb Accrued Sales Return Current
AccruedSalesReturnCurrent
586000
CY2021Q4 litb Accrued Sales Return Current
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680000
CY2021 litb Allowance For Sales Returns
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9377000
CY2022 litb Allowance For Sales Returns
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14950000
CY2021 litb Utilization Of Accrued Sales Return
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9283000
CY2022 litb Utilization Of Accrued Sales Return
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13282000
CY2021Q4 litb Accrued Sales Return Current
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680000
CY2022Q4 litb Accrued Sales Return Current
AccruedSalesReturnCurrent
2348000
CY2021 litb Income Loss Before Provision Of Income Tax
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23256000
CY2022 litb Income Loss Before Provision Of Income Tax
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-1632000
CY2022 litb Valuation Allowance Deferred Tax Asset Additions Increase Decrease
ValuationAllowanceDeferredTaxAssetAdditionsIncreaseDecrease
3145000
CY2020 litb Total Fair Value Of Equity Awards Vested
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1688000
CY2021 litb Total Fair Value Of Equity Awards Vested
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4000
CY2022 litb Total Fair Value Of Equity Awards Vested
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154000
CY2020 us-gaap Allocated Share Based Compensation Expense
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3606000
CY2021 us-gaap Allocated Share Based Compensation Expense
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1382000
CY2022 us-gaap Allocated Share Based Compensation Expense
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340000
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2000000
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0.0825
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1
CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
1
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16764000
CY2020 us-gaap Income Tax Expense Benefit
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3418000
CY2021 us-gaap Income Tax Expense Benefit
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9802000
CY2022 us-gaap Income Tax Expense Benefit
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140000
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Provision For Loan Losses
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsProvisionForLoanLosses
156000
CY2021Q4 us-gaap Deferred Tax Assets Inventory
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145000
CY2022Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
162000
CY2021Q4 litb Deferred Tax Assets Lease Liability
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1810000
CY2022Q4 litb Deferred Tax Assets Lease Liability
DeferredTaxAssetsLeaseLiability
2154000
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
29062000
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
30677000
CY2021Q4 us-gaap Deferred Tax Assets Gross
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31157000
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
33149000
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
28195000
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
30324000
CY2021Q4 us-gaap Deferred Tax Assets Net
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2962000
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
2825000
CY2021Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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206000
CY2022Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
87000
CY2021Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
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1048000
CY2022Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
695000
CY2021Q4 litb Deferred Tax Liabilities Right Of Use Assets
DeferredTaxLiabilitiesRightOfUseAssets
1810000
CY2022Q4 litb Deferred Tax Liabilities Right Of Use Assets
DeferredTaxLiabilitiesRightOfUseAssets
2154000
CY2021Q4 us-gaap Deferred Tax Liabilities Investment In Noncontrolled Affiliates
DeferredTaxLiabilitiesInvestmentInNoncontrolledAffiliates
415000
CY2021Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
3479000
CY2022Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
2936000
CY2021Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
517000
CY2022Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
111000
CY2021Q4 us-gaap Operating Loss Carryforwards
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167325000
CY2022Q4 us-gaap Operating Loss Carryforwards
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181185000
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
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29827000
CY2022 litb Increase Decrease In Valuation Allowance Related To Subsidiaries
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1016000
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
28195000
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
30324000
CY2020 litb Income Loss Before Provision Of Income Tax
IncomeLossBeforeProvisionOfIncomeTax
16764000
CY2021 litb Income Loss Before Provision Of Income Tax
IncomeLossBeforeProvisionOfIncomeTax
23256000
CY2022 litb Income Loss Before Provision Of Income Tax
IncomeLossBeforeProvisionOfIncomeTax
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CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.25
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.25
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
4191000
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
5814000
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense
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130000
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense
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346000
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense
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982000
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense Other
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14021000
CY2020 litb Effective Income Tax Rate Reconciliation Statutory Income Expense Amount
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305000
CY2021 litb Effective Income Tax Rate Reconciliation Statutory Income Expense Amount
EffectiveIncomeTaxRateReconciliationStatutoryIncomeExpenseAmount
655000
CY2022 litb Effective Income Tax Rate Reconciliation Statutory Income Expense Amount
EffectiveIncomeTaxRateReconciliationStatutoryIncomeExpenseAmount
203000
CY2021 litb Income Taxes Reconciliation Nondeductible Expense Research And Development
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2664000
CY2022 litb Income Taxes Reconciliation Nondeductible Expense Research And Development
IncomeTaxesReconciliationNondeductibleExpenseResearchAndDevelopment
2392000
CY2020 litb Income Tax Reconciliations Tax Holidays
IncomeTaxReconciliationsTaxHolidays
211000
CY2021 litb Income Tax Reconciliations Tax Holidays
IncomeTaxReconciliationsTaxHolidays
-122000
CY2022 litb Income Tax Reconciliations Tax Holidays
IncomeTaxReconciliationsTaxHolidays
-344000
CY2020 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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352000
CY2021 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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-892000
CY2022 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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1311000
CY2020 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
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1313000
CY2021 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
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381000
CY2022 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
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-415000
CY2021 litb Prior Year True Up
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594000
CY2022 litb Prior Year True Up
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157000
CY2021 litb Effective Income Tax Rate Reconciliation Tax Expense Benefit Uncertain Tax Position
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9576000
CY2022 litb Effective Income Tax Rate Reconciliation Tax Expense Benefit Uncertain Tax Position
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-12302000
CY2020 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-2052000
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-1632000
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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3426000
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3418000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
9802000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2021Q4 us-gaap Unrecognized Tax Benefits
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13101000
CY2022Q4 us-gaap Unrecognized Tax Benefits
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107000
CY2020 us-gaap Gross Profit
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176154000
CY2020 us-gaap Operating Expenses
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172299000
CY2020 us-gaap Operating Income Loss
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3855000
CY2020 us-gaap Investment Income Interest
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103000
CY2020 us-gaap Interest Expense
InterestExpense
92000
CY2021Q4 us-gaap Unrecognized Tax Benefits
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13101000
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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13101000
CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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73000
CY2022 us-gaap Unrecognized Tax Benefits Decreases Resulting From Current Period Tax Positions
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13067000
CY2021Q4 us-gaap Unrecognized Tax Benefits
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13101000
CY2022Q4 us-gaap Unrecognized Tax Benefits
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107000
CY2021 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
34000
CY2022 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
107000
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
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13317000
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
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13129000
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2020 us-gaap Net Income Loss Attributable To Parent Diluted
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13317000
CY2021 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
13129000
CY2022 us-gaap Net Income Loss Attributable To Parent Diluted
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CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
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220419544
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
224306117
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
226248599
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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225904549
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
226568979
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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226248599
CY2020 us-gaap Earnings Per Share Basic
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0.06
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.06
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.06
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.06
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.25
CY2020 us-gaap Other Nonoperating Income
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12898000
CY2020 us-gaap Defined Contribution Plan Cost Recognized
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3147000
CY2021 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
7072000
CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
5884000
CY2022Q4 litb Statutory Accounting Practices Percentage Of After Tax Profit Required To Be Allocated To General Reserve Funds Minimum
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0.10
CY2022Q4 litb Reserve Level Threshold For Mandatory Transfer Percentage
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0.50
CY2020 litb Discretionary Appropriations To Enterprise Expansion Reserve And Staff Welfare And Bonus Reserve
DiscretionaryAppropriationsToEnterpriseExpansionReserveAndStaffWelfareAndBonusReserve
0
CY2021 litb Discretionary Appropriations To Enterprise Expansion Reserve And Staff Welfare And Bonus Reserve
DiscretionaryAppropriationsToEnterpriseExpansionReserveAndStaffWelfareAndBonusReserve
0
CY2022 litb Discretionary Appropriations To Enterprise Expansion Reserve And Staff Welfare And Bonus Reserve
DiscretionaryAppropriationsToEnterpriseExpansionReserveAndStaffWelfareAndBonusReserve
0
CY2022Q4 us-gaap Amount Of Restricted Net Assets For Consolidated And Unconsolidated Subsidiaries
AmountOfRestrictedNetAssetsForConsolidatedAndUnconsolidatedSubsidiaries
67000
CY2016 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2
CY2022 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
503568000
CY2022 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
228490000
CY2022 us-gaap Gross Profit
GrossProfit
275078000
CY2022 us-gaap Operating Expenses
OperatingExpenses
289318000
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
-14240000
CY2022 us-gaap Investment Income Interest
InvestmentIncomeInterest
57000
CY2022 us-gaap Interest Expense
InterestExpense
5000
CY2022 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
982000
CY2022 us-gaap Equity Securities Without Readily Determinable Fair Value Impairment Loss Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueImpairmentLossAnnualAmount
56083000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-69289000
CY2021 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
446103000
CY2021 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
239393000
CY2021 us-gaap Gross Profit
GrossProfit
206710000
CY2021 us-gaap Operating Expenses
OperatingExpenses
222822000
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
-16112000
CY2021 us-gaap Investment Income Interest
InvestmentIncomeInterest
59000
CY2021 us-gaap Interest Expense
InterestExpense
13000
CY2021 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
39322000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
23256000
CY2020 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
398151000
CY2020 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
221997000
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
16764000
CY2020 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
398151000
CY2020 litb Percentage Of Revenue
PercentageOfRevenue
1.000
CY2021 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
446103000
CY2021 litb Percentage Of Revenue
PercentageOfRevenue
1.000
CY2022 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
503568000
CY2022 litb Percentage Of Revenue
PercentageOfRevenue
1.000
CY2021Q4 us-gaap Due From Related Parties
DueFromRelatedParties
1544000
CY2022 us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;padding-left:36pt;text-indent:-36pt;margin:0pt;"><b style="font-weight:bold;">19.          CONTINGENCIES</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;padding-left:36pt;text-indent:-36pt;margin:0pt 0pt 0pt 36pt;"><span style="margin-left:0pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">Prior to 2020, some of the Group’s PRC subsidiaries and VIEs, have not fully paid the contributions for employee benefit plans as required by applicable PRC regulations. While the Group believes it has made adequate provision of such outstanding amounts in the consolidated financial statements, prior failure to make payments may be in violation of applicable PRC labor-related laws and the Group may be subject to $2,752 as of December 31, 2022, and there had been no actions initiated by the relevant authorities. The Group is unable to reasonably estimate the actual amount of fines and penalties that may rise if the authorities were to become aware of the non-compliance and were to take action.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 0pt 36pt;"><span style="margin-left:0pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The Group’s PRC subsidiaries and VIEs did not withhold appropriate amount of individual income tax prior to its IPO as required by applicable PRC tax laws. While the Group believes it has made adequate provision of such outstanding amounts in the consolidated financial statements, and in March 2013, the accrued amounts were substantially paid by the Group on a voluntary basis to the relevant tax authority, the Group may still be subject to future fines or levies for such non-compliance. As of December 31, 2022, there had been no actions initiated by the relevant authorities. The Group is unable to reasonably estimate the actual amount of fines or levies that may rise if the authorities were to take action.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 0pt 36pt;"><span style="margin-left:0pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">The Group is subject to periodic legal or administrative proceedings in the ordinary course of business. The Group does not believe that any currently pending legal or administrative proceeding to which the Group is a party will have a material effect on its business or financial condition.</p>

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