2023 Q4 Form 20-F Financial Statement

#000110465924039911 Filed on March 28, 2024

View on sec.gov

Income Statement

Concept 2023 Q4 2023 2022
Revenue $135.6M $629.4M $503.6M
YoY Change -13.34% 24.99% 12.88%
Cost Of Revenue $60.17M $269.5M $228.5M
YoY Change -16.47% 17.95% -4.55%
Gross Profit $75.39M $359.9M $275.1M
YoY Change -10.67% 30.85% 33.07%
Gross Profit Margin 55.61% 57.18% 54.63%
Selling, General & Admin $80.59M $371.7M $258.9M
YoY Change -9.83% 43.55% 27.45%
% of Gross Profit 106.91% 103.27% 94.13%
Research & Development $19.11M $19.45M
YoY Change -1.76% -4.38%
% of Gross Profit 5.31% 7.07%
Depreciation & Amortization $3.177M $1.223M
YoY Change 159.77% -62.93%
% of Gross Profit 0.88% 0.44%
Operating Expenses $80.24M $370.3M $289.3M
YoY Change -10.14% 28.0% 29.84%
Operating Profit -$4.855M -$10.40M -$14.24M
YoY Change -1.02% -27.0% -11.62%
Interest Expense $115.0K $346.0K $5.000K
YoY Change 505.26% 6820.0% -89.13%
% of Operating Profit
Other Income/Expense, Net $466.0K $499.0K -$55.05M
YoY Change -5925.0% -100.91% -240.0%
Pretax Income -$4.274M -$9.550M -$69.29M
YoY Change -92.99% -86.22% -397.94%
Income Tax -$8.000K $40.00K -$12.71M
% Of Pretax Income
Net Earnings -$4.266M -$9.590M -$56.58M
YoY Change -91.16% -83.05% -530.97%
Net Earnings / Revenue -3.15% -1.52% -11.24%
Basic Earnings Per Share -$0.04 -$0.25
Diluted Earnings Per Share -$0.02 -$0.04 -$0.25
COMMON SHARES
Basic Shares Outstanding 223.3M 225.9M 226.2M
Diluted Shares Outstanding 225.9M 226.2M

Balance Sheet

Concept 2023 Q4 2023 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $66.43M $66.43M $88.58M
YoY Change -25.01% -25.01% 58.33%
Cash & Equivalents $66.43M $66.43M $88.58M
Short-Term Investments
Other Short-Term Assets $12.15M $12.15M $12.45M
YoY Change 2306.73% -2.34% 7.22%
Inventory $5.767M $5.767M $14.26M
Prepaid Expenses
Receivables $634.0K $634.0K $695.0K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $84.98M $84.98M $116.0M
YoY Change -26.73% -26.73% 38.23%
LONG-TERM ASSETS
Property, Plant & Equipment $9.348M $9.348M $13.82M
YoY Change 217.31% -32.36% -7.22%
Goodwill $27.39M
YoY Change -2.78%
Intangibles $3.604M
YoY Change -35.99%
Long-Term Investments $392.0K $392.0K $1.211M
YoY Change -67.63% -67.63% -97.9%
Other Assets $592.0K $592.0K $0.00
YoY Change -100.0%
Total Long-Term Assets $41.33M $41.33M $48.84M
YoY Change -15.38% -15.38% -56.19%
TOTAL ASSETS
Total Short-Term Assets $84.98M $84.98M $116.0M
Total Long-Term Assets $41.33M $41.33M $48.84M
Total Assets $126.3M $126.3M $164.8M
YoY Change -23.36% -23.36% -15.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $15.85M $15.85M $26.52M
YoY Change -40.24% -40.24% 12.67%
Accrued Expenses $99.67M $99.67M $95.35M
YoY Change 10.3% 4.53% 54.89%
Deferred Revenue $17.00M
YoY Change -47.27%
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $44.00K
YoY Change 2.33%
Total Short-Term Liabilities $132.5M $132.5M $154.1M
YoY Change -14.01% -14.01% 40.19%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $34.00K
YoY Change -100.0% -100.0% -56.41%
Other Long-Term Liabilities $2.022M $2.022M $6.683M
YoY Change -69.74% -69.74% -68.12%
Total Long-Term Liabilities $2.022M $2.022M $6.717M
YoY Change -69.9% -69.9% -68.08%
TOTAL LIABILITIES
Total Short-Term Liabilities $132.5M $132.5M $154.1M
Total Long-Term Liabilities $2.022M $2.022M $6.717M
Total Liabilities $134.7M $134.7M $160.9M
YoY Change -16.31% -16.31% 22.28%
SHAREHOLDERS EQUITY
Retained Earnings -$259.3M
YoY Change 4.05%
Common Stock $17.00K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$8.382M -$8.382M $3.876M
YoY Change
Total Liabilities & Shareholders Equity $126.3M $126.3M $164.8M
YoY Change -23.36% -23.36% -15.64%

Cashflow Statement

Concept 2023 Q4 2023 2022
OPERATING ACTIVITIES
Net Income -$4.266M -$9.590M -$56.58M
YoY Change -91.16% -83.05% -530.97%
Depreciation, Depletion And Amortization $3.177M $1.223M
YoY Change 159.77% -62.93%
Cash From Operating Activities -$20.72M $35.83M
YoY Change -157.82% -2122.92%
INVESTING ACTIVITIES
Capital Expenditures $1.149M $817.0K
YoY Change 40.64% -143.09%
Acquisitions
YoY Change
Other Investing Activities $71.00K $2.868M
YoY Change -97.52% 1774.51%
Cash From Investing Activities -$1.078M $2.051M
YoY Change -152.56% -217.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$2.251M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.295M -43.00K
YoY Change 5237.21% -96.74%
NET CHANGE
Cash From Operating Activities -20.72M 35.83M
Cash From Investing Activities -1.078M 2.051M
Cash From Financing Activities -2.295M -43.00K
Net Change In Cash -24.09M 37.83M
YoY Change -163.67% -882.66%
FREE CASH FLOW
Cash From Operating Activities -$20.72M $35.83M
Capital Expenditures $1.149M $817.0K
Free Cash Flow -$21.86M $35.01M
YoY Change -162.45% 27907.2%

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CY2021 litb Adjustments To Additional Paid In Capital Acquisition Of Non Controlling Interest
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CY2021 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2022 us-gaap Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
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CY2022 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2023 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2023 us-gaap Stock Issued During Period Value Treasury Stock Reissued
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CY2023 us-gaap Stock Repurchased During Period Value
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CY2023 us-gaap Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
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CY2023 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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CY2022 us-gaap Profit Loss
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CY2023 us-gaap Profit Loss
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CY2022 litb Depreciation And Amortization Excluding Amortization Of Debt Discount
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CY2023 litb Depreciation And Amortization Excluding Amortization Of Debt Discount
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CY2022 us-gaap Gain Loss On Sale Of Property Plant Equipment
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CY2023 us-gaap Gain Loss On Sale Of Property Plant Equipment
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CY2022 us-gaap Share Based Compensation
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CY2023 us-gaap Share Based Compensation
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CY2022 us-gaap Equity Securities Without Readily Determinable Fair Value Impairment Loss Annual Amount
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CY2023 us-gaap Equity Securities Without Readily Determinable Fair Value Impairment Loss Annual Amount
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CY2022 us-gaap Foreign Currency Transaction Gain Loss Unrealized
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CY2023 us-gaap Foreign Currency Transaction Gain Loss Unrealized
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CY2021 litb Change In Equity Securities Without Readily Determinable Fair Value Amount
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CY2022 litb Change In Equity Securities Without Readily Determinable Fair Value Amount
ChangeInEquitySecuritiesWithoutReadilyDeterminableFairValueAmount
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CY2023 litb Change In Equity Securities Without Readily Determinable Fair Value Amount
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CY2021 litb Bad Debt Expense Reversal
BadDebtExpenseReversal
407000
CY2022 litb Bad Debt Expense Reversal
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CY2023 litb Bad Debt Expense Reversal
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CY2022 us-gaap Inventory Write Down
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CY2023 us-gaap Inventory Write Down
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CY2022 us-gaap Investment Income Interest
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CY2023 us-gaap Investment Income Interest
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CY2021 litb Increase Decrease Unrecognized Tax Benefits
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CY2022 litb Increase Decrease Unrecognized Tax Benefits
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CY2023 litb Increase Decrease Unrecognized Tax Benefits
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CY2021 us-gaap Deferred Income Tax Expense Benefit
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CY2022 us-gaap Deferred Income Tax Expense Benefit
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CY2023 us-gaap Deferred Income Tax Expense Benefit
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CY2022 us-gaap Increase Decrease In Accounts Receivable
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CY2023 us-gaap Increase Decrease In Accounts Receivable
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CY2021 us-gaap Increase Decrease In Inventories
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2957000
CY2022 us-gaap Increase Decrease In Inventories
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CY2023 us-gaap Increase Decrease In Inventories
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CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
423000
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CY2022 us-gaap Increase Decrease In Due From Related Parties
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CY2023 us-gaap Increase Decrease In Due From Related Parties
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CY2021 us-gaap Increase Decrease In Deposits Outstanding
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CY2022 us-gaap Increase Decrease In Deposits Outstanding
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CY2023 us-gaap Increase Decrease In Deposits Outstanding
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CY2022 us-gaap Increase Decrease In Other Noncurrent Assets
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CY2023 us-gaap Increase Decrease In Other Noncurrent Assets
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CY2021 us-gaap Increase Decrease In Accounts Payable
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CY2022 us-gaap Increase Decrease In Accounts Payable
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CY2023 us-gaap Increase Decrease In Accounts Payable
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CY2021 us-gaap Increase Decrease In Due To Related Parties
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CY2022 us-gaap Increase Decrease In Due To Related Parties
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CY2023 us-gaap Increase Decrease In Due To Related Parties
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CY2021 us-gaap Increase Decrease In Contract With Customer Liability
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CY2022 us-gaap Increase Decrease In Contract With Customer Liability
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CY2023 us-gaap Increase Decrease In Contract With Customer Liability
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CY2021 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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CY2022 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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32537000
CY2023 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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CY2021 litb Increase Decrease In Operating Lease Right Of Use Assets
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CY2022 litb Increase Decrease In Operating Lease Right Of Use Assets
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CY2023 litb Increase Decrease In Operating Lease Right Of Use Assets
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CY2021 us-gaap Increase Decrease In Operating Lease Liability
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CY2022 us-gaap Increase Decrease In Operating Lease Liability
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CY2023 us-gaap Increase Decrease In Operating Lease Liability
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CY2022 us-gaap Net Cash Provided By Used In Operating Activities
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CY2023 us-gaap Net Cash Provided By Used In Operating Activities
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CY2022 us-gaap Payments To Acquire Property Plant And Equipment
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CY2023 us-gaap Payments To Acquire Property Plant And Equipment
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CY2021 us-gaap Payments To Acquire Intangible Assets
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CY2022 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
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CY2023 us-gaap Payments To Acquire Intangible Assets
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CY2021 litb Proceeds From Interest Received Investing Activities
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0
CY2022 litb Proceeds From Interest Received Investing Activities
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CY2023 litb Proceeds From Interest Received Investing Activities
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CY2022 us-gaap Payments To Acquire Loans Receivable
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CY2023 us-gaap Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
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CY2021 us-gaap Proceeds From Sale And Collection Of Loans Receivable
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CY2022 us-gaap Proceeds From Sale And Collection Of Loans Receivable
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CY2023 us-gaap Proceeds From Sale And Collection Of Loans Receivable
ProceedsFromSaleAndCollectionOfLoansReceivable
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CY2021 us-gaap Payments To Acquire Software
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CY2022 us-gaap Payments To Acquire Software
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CY2023 us-gaap Payments To Acquire Software
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CY2021 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
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CY2022 us-gaap Proceeds From Sale Of Property Plant And Equipment
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CY2023 us-gaap Proceeds From Sale Of Property Plant And Equipment
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CY2022 us-gaap Proceeds From Sale Of Longterm Investments
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CY2023 us-gaap Proceeds From Sale Of Longterm Investments
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CY2022 us-gaap Net Cash Provided By Used In Investing Activities
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CY2023 us-gaap Net Cash Provided By Used In Investing Activities
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CY2022 us-gaap Repayments Of Debt
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CY2023 us-gaap Repayments Of Debt
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CY2022 us-gaap Proceeds From Sale Of Treasury Stock
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CY2023 us-gaap Proceeds From Sale Of Treasury Stock
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CY2022 us-gaap Payments For Repurchase Of Common Stock
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CY2023 us-gaap Payments For Repurchase Of Common Stock
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CY2021 us-gaap Payments To Minority Shareholders
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CY2022 us-gaap Payments To Minority Shareholders
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CY2023 us-gaap Payments To Minority Shareholders
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
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CY2023 us-gaap Net Cash Provided By Used In Financing Activities
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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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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
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2021Q4 us-gaap Restricted Cash
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CY2022Q4 us-gaap Restricted Cash
RestrictedCash
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CY2023Q4 us-gaap Restricted Cash
RestrictedCash
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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
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
71704000
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IncomeTaxesPaidNet
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InterestPaidNet
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CY2022 us-gaap Interest Paid Net
InterestPaidNet
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CY2023 us-gaap Interest Paid Net
InterestPaidNet
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CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
862000
CY2023 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>
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
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CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
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CY2023 us-gaap Provision For Doubtful Accounts
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CY2022 us-gaap Inventory Write Down
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CY2023 litb Return Period Subsequent To Delivery Of Goods Purchased By Customers With Quality Related Issues
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P12M
CY2021 litb Allowance For Sales Returns
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CY2022 litb Allowance For Sales Returns
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CY2023 litb Allowance For Sales Returns
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CY2021Q4 us-gaap Contract With Customer Liability
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CY2022Q4 us-gaap Contract With Customer Liability
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CY2022 litb Cash Received In Advance Net Of Vat
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CY2023 litb Cash Received In Advance Net Of Vat
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617450000
CY2022 litb Contract With Customer Liability Revenue Recognized From Opening Balance
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18239000
CY2023 litb Contract With Customer Liability Revenue Recognized From Opening Balance
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26652000
CY2022 litb Revenue Recognized From Advance From Customers
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CY2023 litb Revenue Recognized From Advance From Customers
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CY2022Q4 us-gaap Contract With Customer Liability
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26652000
CY2023Q4 us-gaap Contract With Customer Liability
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CY2023 us-gaap Revenue Practical Expedient Remaining Performance Obligation
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true
CY2021 us-gaap Advertising Expense
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CY2022 us-gaap Advertising Expense
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CY2023 us-gaap Advertising Expense
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291702000
CY2021 us-gaap Research And Development Expense
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20338000
CY2022 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
19447000
CY2023 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
19105000
CY2021 litb Chargeback Expense
ChargebackExpense
1352000
CY2022 litb Chargeback Expense
ChargebackExpense
2209000
CY2023 litb Chargeback Expense
ChargebackExpense
2338000
CY2023 litb Threshold Percentage For Not Recognizing Income Tax
ThresholdPercentageForNotRecognizingIncomeTax
0.50
CY2023Q4 litb Liabilities Current One
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47535000
CY2023Q4 litb Working Capital Deficit
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259321000
CY2021 us-gaap Profit Loss
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13454000
CY2022 us-gaap Profit Loss
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CY2023 us-gaap Profit Loss
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CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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71704000
CY2023 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, the United States, Netherlands, Singapore, Malaysia. 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>
CY2022Q4 us-gaap Supplies
Supplies
4711000
CY2023Q4 us-gaap Supplies
Supplies
4441000
CY2022Q4 us-gaap Deferred Offering Costs
DeferredOfferingCosts
659000
CY2023Q4 us-gaap Deferred Offering Costs
DeferredOfferingCosts
546000
CY2022Q4 litb Rental Deposit And Prepaid Rent Current
RentalDepositAndPrepaidRentCurrent
129000
CY2023Q4 litb Rental Deposit And Prepaid Rent Current
RentalDepositAndPrepaidRentCurrent
969000
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
953000
CY2023Q4 us-gaap Other Assets Current
OtherAssetsCurrent
919000
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
6452000
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
6875000
CY2022Q4 litb Allowance Of Credit Losses For Other Current Assets
AllowanceOfCreditLossesForOtherCurrentAssets
192000
CY2023Q4 litb Allowance Of Credit Losses For Other Current Assets
AllowanceOfCreditLossesForOtherCurrentAssets
192000
CY2021Q4 litb Additions For Impairment Losses
AdditionsForImpairmentLosses
0
CY2022Q4 litb Additions For Impairment Losses
AdditionsForImpairmentLosses
83000
CY2023Q4 litb Additions For Impairment Losses
AdditionsForImpairmentLosses
0
CY2023Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
13582000
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
8956000
CY2023Q4 litb Intangible Assets Excluding Goodwill Accumulated Impairment Loss
IntangibleAssetsExcludingGoodwillAccumulatedImpairmentLoss
1022000
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
3604000
CY2021 us-gaap Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
2082000
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
8275000
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
9028000
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
5329000
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
6239000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2946000
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2789000
CY2021 us-gaap Depreciation
Depreciation
1217000
CY2022 us-gaap Depreciation
Depreciation
1223000
CY2023 us-gaap Depreciation
Depreciation
1280000
CY2021Q4 us-gaap Goodwill Gross
GoodwillGross
30440000
CY2022 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-2263000
CY2022Q4 us-gaap Goodwill Gross
GoodwillGross
28177000
CY2023 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-784000
CY2023Q4 us-gaap Goodwill Gross
GoodwillGross
27393000
CY2022Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
13868000
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
7216000
CY2022Q4 litb Intangible Assets Excluding Goodwill Accumulated Impairment Loss
IntangibleAssetsExcludingGoodwillAccumulatedImpairmentLoss
1022000
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
5630000
CY2022 us-gaap Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
2148000
CY2022 us-gaap Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
2148000
CY2023 us-gaap Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
1897000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
788000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
665000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
665000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
665000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
611000
CY2021 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0
CY2022 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0
CY2023 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
5089000
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
5434000
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
5359000
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1115000
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
652000
CY2023 us-gaap Short Term Lease Cost
ShortTermLeaseCost
309000
CY2021 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
28000
CY2022 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
27000
CY2023 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
28000
CY2021 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
13000
CY2022 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
5000
CY2023 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
4000
CY2021 us-gaap Lease Cost
LeaseCost
6245000
CY2022 us-gaap Lease Cost
LeaseCost
6118000
CY2023 us-gaap Lease Cost
LeaseCost
5700000
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
5132000
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
4932000
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
5707000
CY2021 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
44000
CY2022 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
43000
CY2023 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
44000
CY2021 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
13000
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
5000
CY2023 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
4000
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
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
862000
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y1M17D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y3M18D
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y4M20D
CY2021Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y8M19D
CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P1Y8M19D
CY2023Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P0Y8M19D
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0479
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0390
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0395
CY2021Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0570
CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0570
CY2023Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0570
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
5321000
CY2023Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
34000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1883000
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
0
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
43000
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
0
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
7247000
CY2023Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
34000
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
286000
CY2023Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
0
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
6961000
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
34000
CY2023 litb Lessee Operating Lease Lease Not Yet Commenced Amount
LesseeOperatingLeaseLeaseNotYetCommencedAmount
0
CY2023 litb Lessee Finance Lease Lease Not Yet Commenced Amount
LesseeFinanceLeaseLeaseNotYetCommencedAmount
0
CY2022 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
56083000
CY2023 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
56083000
CY2022Q4 us-gaap Accrued Advertising Current
AccruedAdvertisingCurrent
48445000
CY2023Q4 us-gaap Accrued Advertising Current
AccruedAdvertisingCurrent
51143000
CY2022Q4 litb Business Tax Payable Current
BusinessTaxPayableCurrent
28680000
CY2023Q4 litb Business Tax Payable Current
BusinessTaxPayableCurrent
29194000
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
6971000
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
3524000
CY2022Q4 litb Accrued Sales Return Current
AccruedSalesReturnCurrent
2348000
CY2023Q4 litb Accrued Sales Return Current
AccruedSalesReturnCurrent
1376000
CY2022Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
1153000
CY2023Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
1101000
CY2022Q4 litb Individual Income Tax Payable Current
IndividualIncomeTaxPayableCurrent
598000
CY2023Q4 litb Individual Income Tax Payable Current
IndividualIncomeTaxPayableCurrent
142000
CY2022Q4 litb Accrued Credit Card Processing Charges Current
AccruedCreditCardProcessingChargesCurrent
106000
CY2023Q4 litb Accrued Credit Card Processing Charges Current
AccruedCreditCardProcessingChargesCurrent
42000
CY2022Q4 litb Current Portion Of Finance Lease Liabilities
CurrentPortionOfFinanceLeaseLiabilities
44000
CY2023Q4 litb Current Portion Of Finance Lease Liabilities
CurrentPortionOfFinanceLeaseLiabilities
34000
CY2022Q4 us-gaap Deposit Liability Current
DepositLiabilityCurrent
0
CY2023Q4 us-gaap Deposit Liability Current
DepositLiabilityCurrent
5624000
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2012000
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2442000
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
90357000
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
94622000
CY2023Q4 us-gaap Accrued Advertising Current And Noncurrent
AccruedAdvertisingCurrentAndNoncurrent
291702
CY2023Q4 litb Accrued Advertising Current And Noncurrent Paid
AccruedAdvertisingCurrentAndNoncurrentPaid
289004
CY2021Q4 litb Accrued Sales Return Current
AccruedSalesReturnCurrent
680000
CY2022Q4 litb Accrued Sales Return Current
AccruedSalesReturnCurrent
2348000
CY2022 litb Allowance For Sales Returns
AllowanceForSalesReturns
14950000
CY2023 litb Allowance For Sales Returns
AllowanceForSalesReturns
15732000
CY2022 litb Utilization Of Accrued Sales Return
UtilizationOfAccruedSalesReturn
13282000
CY2023 litb Utilization Of Accrued Sales Return
UtilizationOfAccruedSalesReturn
16704000
CY2022Q4 litb Accrued Sales Return Current
AccruedSalesReturnCurrent
2348000
CY2023Q4 litb Accrued Sales Return Current
AccruedSalesReturnCurrent
1376000
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
340000
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
415000
CY2019 litb Income Taxes Statutory First Assessable Profits Amount
IncomeTaxesStatutoryFirstAssessableProfitsAmount
2000000
CY2019 litb Effective Income Tax Concessional Income Tax Rate Percentage
EffectiveIncomeTaxConcessionalIncomeTaxRatePercentage
0.0825
CY2021 litb Total Fair Value Of Equity Awards Vested
TotalFairValueOfEquityAwardsVested
4000
CY2022 litb Total Fair Value Of Equity Awards Vested
TotalFairValueOfEquityAwardsVested
154000
CY2023 litb Total Fair Value Of Equity Awards Vested
TotalFairValueOfEquityAwardsVested
281000
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1382000
CY2018 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
1
CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
1
CY2021 litb Income Loss Before Provision Of Income Tax
IncomeLossBeforeProvisionOfIncomeTax
23256000
CY2022 litb Income Loss Before Provision Of Income Tax
IncomeLossBeforeProvisionOfIncomeTax
-69289000
CY2023 litb Income Loss Before Provision Of Income Tax
IncomeLossBeforeProvisionOfIncomeTax
-9550000
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
9517000
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-12300000
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
0
CY2021 litb Deferred Income Tax Expenses Benefit
DeferredIncomeTaxExpensesBenefit
285000
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-407000
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
40000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
9802000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-12707000
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
40000
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Provision For Loan Losses
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsProvisionForLoanLosses
156000
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Provision For Loan Losses
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsProvisionForLoanLosses
154000
CY2022Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
162000
CY2023Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
111000
CY2022Q4 litb Deferred Tax Assets Lease Liability
DeferredTaxAssetsLeaseLiability
2154000
CY2023Q4 litb Deferred Tax Assets Lease Liability
DeferredTaxAssetsLeaseLiability
876000
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
30677000
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
34665000
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
33149000
CY2023Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
35806000
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
30324000
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
34500000
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
2825000
CY2023Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
1306000
CY2022Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
87000
CY2023Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
151000
CY2022Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
695000
CY2023Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
433000
CY2022Q4 litb Deferred Tax Liabilities Right Of Use Assets
DeferredTaxLiabilitiesRightOfUseAssets
2154000
CY2023Q4 litb Deferred Tax Liabilities Right Of Use Assets
DeferredTaxLiabilitiesRightOfUseAssets
876000
CY2022Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
2936000
CY2023Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
1460000
CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0
CY2023Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0
CY2022Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
111000
CY2023Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
154000
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
28195000
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
30324000
CY2022 litb Valuation Allowance Deferred Tax Asset Additions Increase Decrease
ValuationAllowanceDeferredTaxAssetAdditionsIncreaseDecrease
3145000
CY2023 litb Valuation Allowance Deferred Tax Asset Additions Increase Decrease
ValuationAllowanceDeferredTaxAssetAdditionsIncreaseDecrease
4210000
CY2022 litb Increase Decrease In Valuation Allowance Related To Subsidiaries
IncreaseDecreaseInValuationAllowanceRelatedToSubsidiaries
1016000
CY2023 litb Increase Decrease In Valuation Allowance Related To Subsidiaries
IncreaseDecreaseInValuationAllowanceRelatedToSubsidiaries
34000
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
30324000
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
34500000
CY2021 litb Income Loss Before Provision Of Income Tax
IncomeLossBeforeProvisionOfIncomeTax
23256000
CY2022 litb Income Loss Before Provision Of Income Tax
IncomeLossBeforeProvisionOfIncomeTax
-69289000
CY2023 litb Income Loss Before Provision Of Income Tax
IncomeLossBeforeProvisionOfIncomeTax
-9550000
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.25
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.25
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.25
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
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-17322000
CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-2387000
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
346000
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
982000
CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
129000
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
0
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
14021000
CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
0
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
CY2023 litb Effective Income Tax Rate Reconciliation Statutory Income Expense Amount
EffectiveIncomeTaxRateReconciliationStatutoryIncomeExpenseAmount
293000
CY2021 litb Income Taxes Reconciliation Nondeductible Expense Research And Development
IncomeTaxesReconciliationNondeductibleExpenseResearchAndDevelopment
2664000
CY2022 litb Income Taxes Reconciliation Nondeductible Expense Research And Development
IncomeTaxesReconciliationNondeductibleExpenseResearchAndDevelopment
2392000
CY2023 litb Income Taxes Reconciliation Nondeductible Expense Research And Development
IncomeTaxesReconciliationNondeductibleExpenseResearchAndDevelopment
2904000
CY2021 litb Income Tax Reconciliations Tax Holidays
IncomeTaxReconciliationsTaxHolidays
-122000
CY2023Q4 litb Statutory Accounting Practices Percentage Of After Tax Profit Required To Be Allocated To General Reserve Funds Minimum
StatutoryAccountingPracticesPercentageOfAfterTaxProfitRequiredToBeAllocatedToGeneralReserveFundsMinimum
0.10
CY2023Q4 litb Reserve Level Threshold For Mandatory Transfer Percentage
ReserveLevelThresholdForMandatoryTransferPercentage
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<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 required to settle the unpaid contributions amounted to $403 for employee benefit plans as of December 31, 2023, 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 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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