2024 Q2 Form 10-K Financial Statement

#000121390024033444 Filed on April 16, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2023 Q4 2023
Revenue $19.05M $11.44M $31.76M
YoY Change 154.36% 90.65% 21.22%
Cost Of Revenue $17.47M $10.47M $28.92M
YoY Change 156.09% 84.3% 22.12%
Gross Profit $1.586M $970.7K $2.841M
YoY Change 136.76% 203.35% 12.3%
Gross Profit Margin 8.33% 8.49% 8.95%
Selling, General & Admin $2.953M $6.939M $9.934M
YoY Change 207.58% 567.24% 119.28%
% of Gross Profit 186.14% 714.85% 349.63%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $167.1K $73.13K $73.13K
YoY Change
% of Gross Profit 10.53% 7.53% 2.57%
Operating Expenses $3.427M $6.939M $9.934M
YoY Change 256.95% 567.24% 119.28%
Operating Profit -$1.840M -$5.969M -$7.092M
YoY Change 534.63% 728.96% 254.62%
Interest Expense $78.61K -$126.7K -$1.018M
YoY Change -171.46% -69.09% 66.89%
% of Operating Profit
Other Income/Expense, Net $7.810K $286.6K
YoY Change -126.03%
Pretax Income -$2.266M -$6.087M -$7.824M
YoY Change 466.56% 424.78% 216.75%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$2.320M -$7.555M -$9.291M
YoY Change 480.02% 647.99% 300.47%
Net Earnings / Revenue -12.18% -66.04% -29.25%
Basic Earnings Per Share -$0.16 -$1.27
Diluted Earnings Per Share -$0.16 -$0.69 -$1.27
COMMON SHARES
Basic Shares Outstanding 14.30M shares 11.39M 7.293M shares
Diluted Shares Outstanding 14.86M shares 7.293M shares

Balance Sheet

Concept 2024 Q2 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.551M $959.6K $959.6K
YoY Change 434.88% 699.67% 699.67%
Cash & Equivalents $1.600M $959.6K
Short-Term Investments
Other Short-Term Assets $1.767M $1.484M $1.484M
YoY Change 14.75% 3198.27% 1.66%
Inventory
Prepaid Expenses
Receivables $898.1K $826.4K $826.4K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $4.216M $3.270M $3.270M
YoY Change 99.83% 60.23% 60.31%
LONG-TERM ASSETS
Property, Plant & Equipment $12.18K $702.5K $702.5K
YoY Change
Goodwill $7.514M $5.703M
YoY Change
Intangibles $4.632M
YoY Change
Long-Term Investments
YoY Change
Other Assets $32.29K $21.27K $21.27K
YoY Change -98.52% -73.18% -98.84%
Total Long-Term Assets $14.51M $11.06M $11.06M
YoY Change 565.64% 501.1% 501.02%
TOTAL ASSETS
Total Short-Term Assets $4.216M $3.270M $3.270M
Total Long-Term Assets $14.51M $11.06M $11.06M
Total Assets $18.73M $14.33M $14.33M
YoY Change 336.54% 269.23% 269.31%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.842M $1.147M $1.147M
YoY Change 43.93% -24.73% -24.53%
Accrued Expenses $366.9K $868.1K $868.1K
YoY Change -47.58% 66.22% 66.95%
Deferred Revenue $120.8K
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0% -100.0%
Long-Term Debt Due $1.798M $4.400K $4.400K
YoY Change 274.62% -98.24% -98.24%
Total Short-Term Liabilities $5.577M $2.097M $2.097M
YoY Change 63.56% -54.85% -54.81%
LONG-TERM LIABILITIES
Long-Term Debt $645.3K $615.1K $615.1K
YoY Change 79.25% 70.87% 70.87%
Other Long-Term Liabilities $2.950K $1.850M $1.850M
YoY Change -99.81% 5.73% 5.73%
Total Long-Term Liabilities $3.085M $2.465M $2.465M
YoY Change 61.54% 16.58% 16.84%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.577M $2.097M $2.097M
Total Long-Term Liabilities $3.085M $2.465M $2.465M
Total Liabilities $8.663M $8.419M $8.419M
YoY Change 62.84% 24.56% 24.54%
SHAREHOLDERS EQUITY
Retained Earnings -$19.03M -$12.11M
YoY Change 182.28%
Common Stock $23.72M $18.02M
YoY Change 1176.66%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.690M $5.910M $5.910M
YoY Change
Total Liabilities & Shareholders Equity $18.73M $14.33M $14.33M
YoY Change 336.54% 269.23% 269.31%

Cashflow Statement

Concept 2024 Q2 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$2.320M -$7.555M -$9.291M
YoY Change 480.02% 647.99% 300.47%
Depreciation, Depletion And Amortization $167.1K $73.13K $73.13K
YoY Change
Cash From Operating Activities -$803.1K -$1.444M -$1.894M
YoY Change -830.05% 167.34% 60.94%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions $141.7K
YoY Change
Other Investing Activities -$26.89K -$141.7K -$141.7K
YoY Change
Cash From Investing Activities -$26.89K -$141.7K -$141.7K
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $5.883M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.465M 2.132M 2.950M
YoY Change -14746.7% 204.54% 176.42%
NET CHANGE
Cash From Operating Activities -803.1K -1.444M -1.894M
Cash From Investing Activities -26.89K -141.7K -141.7K
Cash From Financing Activities 1.465M 2.132M 2.950M
Net Change In Cash 634.7K 546.4K 913.9K
YoY Change 534.72% 241.49% -931.73%
FREE CASH FLOW
Cash From Operating Activities -$803.1K -$1.444M -$1.894M
Capital Expenditures
Free Cash Flow
YoY Change

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CY2023 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
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CY2022 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
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CY2023 us-gaap Repayments Of Lines Of Credit
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CY2022 us-gaap Repayments Of Lines Of Credit
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CY2022 us-gaap Proceeds From Notes Payable
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514448 usd
CY2023 us-gaap Repayments Of Notes Payable
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CY2022 us-gaap Repayments Of Notes Payable
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500650 usd
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CY2022 us-gaap Payments Of Stock Issuance Costs
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120000 usd
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70000 usd
CY2022 us-gaap Repayments Of Convertible Debt
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10000 usd
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45413 usd
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1267500 usd
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168100 usd
CY2022 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
35795 usd
CY2023 us-gaap Proceeds From Issuance Of Convertible Preferred Stock
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1523000 usd
CY2023 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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CY2022 us-gaap Payments Of Dividends
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
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913905 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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2443827 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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1529922 usd
CY2023 us-gaap Interest Paid Net
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CY2022 us-gaap Interest Paid Net
InterestPaidNet
34175 usd
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CY2022 lrhc Derivative Liabilities Embedded In Debt Instruments
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CY2022 us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
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198776 usd
CY2023 lrhc Convertible Debt And Related Party Debt Exchange For Shares Of Series A Convertible Preferred Stock
ConvertibleDebtAndRelatedPartyDebtExchangeForSharesOfSeriesAConvertiblePreferredStock
1912 shares
CY2022 lrhc Convertible Debt And Related Party Debt Exchange For Shares Of Series A Convertible Preferred Stock
ConvertibleDebtAndRelatedPartyDebtExchangeForSharesOfSeriesAConvertiblePreferredStock
1912 shares
CY2023 lrhc Convertible Debt And Related Party Debt Exchanged For Shares Of Series A Convertible Preferred Stock
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1923468 usd
CY2023 lrhc Issuance Of Shares Of Common Stock For Benefcial Conversion Feature
IssuanceOfSharesOfCommonStockForBenefcialConversionFeature
981676 shares
CY2022 lrhc Issuance Of Shares Of Common Stock For Benefcial Conversion Feature
IssuanceOfSharesOfCommonStockForBenefcialConversionFeature
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CY2023 lrhc Issuance Of Shares Of Common Stock For Benefcial Conversion Feature Of Series A Convert
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1472514 usd
CY2023 lrhc Deferred Offered Costs Incurred Paid During The Period
DeferredOfferedCostsIncurredPaidDuringThePeriod
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CY2022 lrhc Deferred Offered Costs Incurred Paid During The Period
DeferredOfferedCostsIncurredPaidDuringThePeriod
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CY2023 lrhc Shares Issued For Deferred Offering Costs During The Period
SharesIssuedForDeferredOfferingCostsDuringThePeriod
1393618 shares
CY2022 lrhc Shares Issued For Deferred Offering Costs During The Period
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1393618 shares
CY2023 us-gaap Stock Issued1
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CY2023 lrhc Issuance Of Shares Of Common Stock As Part Of The Consideration Of Acquisitions Of Businesses
IssuanceOfSharesOfCommonStockAsPartOfTheConsiderationOfAcquisitionsOfBusinesses
2750114 shares
CY2022 lrhc Issuance Of Shares Of Common Stock As Part Of The Consideration Of Acquisitions Of Businesses
IssuanceOfSharesOfCommonStockAsPartOfTheConsiderationOfAcquisitionsOfBusinesses
2750114 shares
CY2023 lrhc Issuance Of Shares Value Of Common Stock As Part Of The Consideration Of Acquisitions Of Busi
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7266078 usd
CY2023 lrhc Issuance Of Shares Of Common Stock As Part Of The Repayment Of Notes Payable
IssuanceOfSharesOfCommonStockAsPartOfTheRepaymentOfNotesPayable
95000 shares
CY2022 lrhc Issuance Of Shares Of Common Stock As Part Of The Repayment Of Notes Payable
IssuanceOfSharesOfCommonStockAsPartOfTheRepaymentOfNotesPayable
95000 shares
CY2023 lrhc Issuance Of Shares Of Common Stock As Part Of The Repayment Of Note
IssuanceOfSharesOfCommonStockAsPartOfTheRepaymentOfNote
475000 usd
CY2023 us-gaap Debt Conversion Converted Instrument Shares Issued1
DebtConversionConvertedInstrumentSharesIssued1
6566 shares
CY2022 us-gaap Debt Conversion Converted Instrument Shares Issued1
DebtConversionConvertedInstrumentSharesIssued1
6566 shares
CY2023 us-gaap Debt Conversion Converted Instrument Amount1
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26265 usd
CY2023 lrhc Issuance Of Shares Of Common Stock For Services
IssuanceOfSharesOfCommonStockForServices
819000 shares
CY2022 lrhc Issuance Of Shares Of Common Stock For Services
IssuanceOfSharesOfCommonStockForServices
819000 shares
CY2023 lrhc Issuance Of Shares Of Common Stock For Services Rendered
IssuanceOfSharesOfCommonStockForServicesRendered
1286180 usd
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433894 usd
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CashAndCashEquivalentsAtCarryingValue
959604 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
118558 usd
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1484223 usd
CY2022Q4 us-gaap Restricted Cash Current
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1411364 usd
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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2443827 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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1529922 usd
CY2023Q4 us-gaap Cash
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959604 usd
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Use of Estimates</i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of financial statements in conformity with GAAP requires management to make certain judgments, estimates, and assumptions that affect the reported amounts of assets, liabilities, revenues, and expenses and related disclosures in the accompanying notes. The Company’s significant estimates relate to revenue recognition, business combinations, asset impairments, the fair value of derivatives, stock-based compensation, and income taxes.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">These estimates are based on management’s best estimates and judgment. Actual results may differ from these estimates. Estimates, judgments, and assumptions are continuously evaluated and are based on management’s experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Uncertainty about these assumptions, judgments, and estimates could result in outcomes that require a material adjustment to the carrying amount of assets or liabilities affected in future periods.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
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CY2023 us-gaap Cash Acquired From Acquisition
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35360 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
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29039 usd
CY2023 us-gaap Concentration Risk Credit Risk
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Concentration of Credit Risk</i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash. The Company reduces credit risk by placing its cash and cash equivalents with major financial institutions with high credit ratings. The Company maintains certain bank accounts in excess of FDIC insured limits of $250,000.</p>
CY2023Q4 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 usd
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89501 usd
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1016644 usd
CY2022 us-gaap Amortization Of Financing Costs And Discounts
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349913 usd
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1760447 usd
CY2023Q4 us-gaap Costs Incurred Development Costs
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2544459 usd
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EffectiveIncomeTaxRateReconciliationTaxSettlements
0.50 pure
CY2023 us-gaap Business Acquisitions Pro Forma Revenue
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CY2022 us-gaap Business Acquisitions Pro Forma Revenue
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BusinessAcquisitionsProFormaCostOfRevenue
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CY2022 lrhc Business Acquisitions Pro Forma Cost Of Revenue
BusinessAcquisitionsProFormaCostOfRevenue
55908867 usd
CY2023 lrhc Business Acquisitions Pro Forma Gross Profit
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CY2022 lrhc Business Acquisitions Pro Forma Gross Profit
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-0.94
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-0.29
CY2023 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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9799084 shares
CY2022 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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8750114 shares
CY2023Q4 us-gaap Goodwill
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5702612 usd
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P10Y
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
4705583 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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73134 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
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4632449 usd
CY2023 us-gaap Amortization Of Intangible Assets
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73134 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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720661 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
450229 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
450229 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
450229 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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415934 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
2145167 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
4632449 usd
CY2023 us-gaap Operating Lease Expense
OperatingLeaseExpense
134505 usd
CY2023Q4 us-gaap Accrued Rent Current And Noncurrent
AccruedRentCurrentAndNoncurrent
4593 usd
CY2023 us-gaap Lease Cost
LeaseCost
311722 usd
CY2022 us-gaap Lease Cost
LeaseCost
169163 usd
CY2023 us-gaap Operating Lease Payments
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94655 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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267914 usd
CY2023Q4 us-gaap Lessee Operating Lease Remaining Lease Term
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P12M
CY2023 lrhc Increase Decrease In Rigth Of Use Assets
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644498 usd
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661165 usd
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687570 usd
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340566 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
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363029 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
703595 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0476 pure
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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366583 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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191386 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
110730 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
78342 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
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2532 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
749573 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
45978 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
703595 usd
CY2023Q4 us-gaap Operating Lease Liability Current
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340566 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
363029 usd
CY2023Q4 us-gaap Line Of Credit Facility Interest Rate At Period End
LineOfCreditFacilityInterestRateAtPeriodEnd
0.1325 pure
CY2022 us-gaap Line Of Credit Facility Maximum Monthend Outstanding Amount
LineOfCreditFacilityMaximumMonthendOutstandingAmount
86163 usd
CY2023Q4 us-gaap Notes And Loans Payable
NotesAndLoansPayable
619527 usd
CY2022Q4 us-gaap Notes And Loans Payable
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611700 usd
CY2023Q4 us-gaap Notes Payable Current
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4400 usd
CY2022Q4 us-gaap Notes Payable Current
NotesPayableCurrent
250788 usd
CY2023Q4 us-gaap Long Term Notes Payable
LongTermNotesPayable
615127 usd
CY2022Q4 us-gaap Long Term Notes Payable
LongTermNotesPayable
360912 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
4400 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
4400 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
4400 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
4400 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
4400 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
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597527 usd
CY2023Q4 us-gaap Long Term Debt
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619527 usd
CY2022Q3 us-gaap Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
0.15 pure
CY2023Q4 us-gaap Long Term Debt Maturity Date
LongTermDebtMaturityDate
2023-10-31
CY2023 us-gaap Stock Issued During Period Shares Conversion Of Convertible Securities
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5000 shares
CY2022Q4 us-gaap Share Price
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5
CY2023 us-gaap Line Of Credit Facility Maximum Amount Outstanding During Period
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263000 usd
CY2023Q4 us-gaap Derivative Fixed Interest Rate
DerivativeFixedInterestRate
0.03 pure
CY2023Q4 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
26265 usd
CY2023Q4 us-gaap Debt Conversion Converted Instrument Shares Issued1
DebtConversionConvertedInstrumentSharesIssued1
6566 shares
CY2023Q4 us-gaap Deferred Finance Costs Net
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26350 usd
CY2023 us-gaap Amortization Of Financing Costs
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256080 usd
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
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40000 shares
CY2021Q4 lrhc Share Based Compensation Arrangement By Share Based Payment Award Non Options Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsWeightedAverageExercisePrice
20
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
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100000 shares
CY2022 lrhc Share Based Compensation Arrangement By Share Based Payment Award Non Options Weighted Average Exercise Price Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsWeightedAverageExercisePriceGranted
5
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
140000 shares
CY2022Q4 lrhc Share Based Compensation Arrangement By Share Based Payment Award Non Options Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsWeightedAverageExercisePrice
9.29
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
50000 shares
CY2023 lrhc Share Based Compensation Arrangement By Share Based Payment Award Non Options Weighted Average Exercise Price Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsWeightedAverageExercisePriceGranted
5.5
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
190000 shares
CY2023Q4 lrhc Share Based Compensation Arrangement By Share Based Payment Award Non Options Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsWeightedAverageExercisePrice
8.29
CY2022 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
100000 shares
CY2023 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
50000 shares
CY2022 us-gaap Adjustment Of Warrants Granted For Services
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149995 usd
CY2023 lrhc Warrant Weighted Average Fair Value
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2.96
CY2022 lrhc Warrant Weighted Average Fair Value
WarrantWeightedAverageFairValue
5.7
CY2023 lrhc Warrant Dividend Yield
WarrantDividendYield
0 pure
CY2022 lrhc Warrant Dividend Yield
WarrantDividendYield
0 pure
CY2023Q4 lrhc Warrant Expected Volatility Factor
WarrantExpectedVolatilityFactor
0.696 pure
CY2022Q4 lrhc Warrant Expected Volatility Factor
WarrantExpectedVolatilityFactor
0.638 pure
CY2023Q4 lrhc Warrant Riskfree Interest Rate
WarrantRiskfreeInterestRate
0.0469 pure
CY2022Q4 lrhc Warrant Riskfree Interest Rate
WarrantRiskfreeInterestRate
0.0384 pure
CY2023 lrhc Fair Value Of Expected Life
FairValueOfExpectedLife
P5Y
CY2022 lrhc Fair Value Of Expected Life
FairValueOfExpectedLife
P5Y
CY2023Q4 us-gaap Common Stock Shares Issued
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13406480 shares
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
13406480 shares
CY2022 us-gaap Stock Issued During Period Shares Stock Splits
StockIssuedDuringPeriodSharesStockSplits
400000 shares
CY2023Q4 us-gaap Sale Of Stock Price Per Share
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5
CY2021Q3 lrhc Preferred Stock Voting Shares
PreferredStockVotingShares
10000 shares
CY2023 lrhc Percenatge Of Discount From The Ipo
PercenatgeOfDiscountFromTheIPO
0.30 pure
CY2023 us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
1472514 usd
CY2023Q4 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
375052 usd
CY2023Q4 lrhc Stock Options Plan Expense
StockOptionsPlanExpense
412125 shares
CY2023Q4 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
2.09
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1816188 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
230644 usd
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
1392125 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
2.02
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P9Y9M21D
CY2022Q4 lrhc Share Based Compensation Arrangement By Share Based Payment Award Options Vested Outstanding Aggregate Intrinsic Value
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