2023 Q1 Form 10-K Financial Statement
#000182912623002253 Filed on March 24, 2023
Income Statement
Concept | 2023 Q1 | 2022 Q4 | 2022 |
---|---|---|---|
Revenue | $144.9K | $70.00K | $659.8K |
YoY Change | -38.6% | ||
Cost Of Revenue | $134.6K | $260.0K | $716.1K |
YoY Change | -16.71% | 23.81% | 32.02% |
Gross Profit | $10.29K | -$200.0K | -$56.29K |
YoY Change | -86.17% | -385.71% | -137.97% |
Gross Profit Margin | 7.1% | -285.71% | -8.53% |
Selling, General & Admin | $1.253M | $1.550M | $4.856M |
YoY Change | 5.14% | 11.51% | 53.8% |
% of Gross Profit | 12176.36% | ||
Research & Development | $151.2K | $130.0K | $524.7K |
YoY Change | 322.18% | 160.0% | 508.26% |
% of Gross Profit | 1468.94% | ||
Depreciation & Amortization | $10.31K | $10.00K | $22.10K |
YoY Change | 158.77% | 4337.95% | |
% of Gross Profit | 100.16% | ||
Operating Expenses | $1.439M | $1.680M | $5.520M |
YoY Change | 13.99% | 15.86% | 64.62% |
Operating Profit | -$1.429M | -$1.880M | -$5.577M |
YoY Change | 20.26% | 36.23% | 73.99% |
Interest Expense | $1.939K | $0.00 | $105.2K |
YoY Change | -89.15% | -100.0% | 166.71% |
% of Operating Profit | |||
Other Income/Expense, Net | -$1.863K | $0.00 | -$105.2K |
YoY Change | -89.86% | ||
Pretax Income | -$1.430M | -$1.880M | -$5.680M |
YoY Change | 18.18% | 35.25% | 75.31% |
Income Tax | $0.00 | ||
% Of Pretax Income | |||
Net Earnings | -$1.431M | -$1.880M | -$5.682M |
YoY Change | 18.59% | 35.25% | 75.12% |
Net Earnings / Revenue | -987.3% | -2685.71% | -861.16% |
Basic Earnings Per Share | -$0.19 | -$0.87 | |
Diluted Earnings Per Share | -$0.19 | -$0.26 | -$0.87 |
COMMON SHARES | |||
Basic Shares Outstanding | 7.716M shares | 7.307M shares | |
Diluted Shares Outstanding | 7.569M shares | 6.529M shares |
Balance Sheet
Concept | 2023 Q1 | 2022 Q4 | 2022 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $3.450M | $3.590M | $3.590M |
YoY Change | 4387.5% | 4387.5% | |
Cash & Equivalents | $3.450M | $3.591M | $3.590M |
Short-Term Investments | |||
Other Short-Term Assets | $36.24K | $36.24K | $450.0K |
YoY Change | 2382.19% | 87.5% | |
Inventory | $743.1K | $94.70K | $90.00K |
Prepaid Expenses | $185.3K | $210.7K | |
Receivables | $127.6K | $110.3K | $110.0K |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $4.542M | $4.241M | $4.240M |
YoY Change | 558.16% | 562.5% | |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $137.6K | $119.7K | $120.0K |
YoY Change | 490.34% | 500.0% | |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $82.72K | $81.78K | $80.00K |
YoY Change | |||
Total Long-Term Assets | $570.8K | $449.2K | $450.0K |
YoY Change | 149.54% | 150.0% | |
TOTAL ASSETS | |||
Total Short-Term Assets | $4.542M | $4.241M | $4.240M |
Total Long-Term Assets | $570.8K | $449.2K | $450.0K |
Total Assets | $5.113M | $4.690M | $4.690M |
YoY Change | 468.94% | 471.95% | |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $290.0K | $280.0K | $280.0K |
YoY Change | 64.71% | 64.71% | |
Accrued Expenses | |||
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $60.00K | $60.00K |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $504.6K | $600.0K | $600.0K |
YoY Change | -2.72% | -3.23% | |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $60.00K | $70.00K | $70.00K |
YoY Change | |||
Total Long-Term Liabilities | $60.00K | $70.00K | $70.00K |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $504.6K | $600.0K | $600.0K |
Total Long-Term Liabilities | $60.00K | $70.00K | $70.00K |
Total Liabilities | $562.6K | $665.5K | $670.0K |
YoY Change | 7.89% | 8.06% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$11.74M | -$10.31M | |
YoY Change | 122.87% | ||
Common Stock | $77.00 | $73.00 | |
YoY Change | 21.67% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $4.550M | $4.024M | $4.020M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $5.113M | $4.690M | $4.690M |
YoY Change | 468.94% | 471.95% |
Cashflow Statement
Concept | 2023 Q1 | 2022 Q4 | 2022 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$1.431M | -$1.880M | -$5.682M |
YoY Change | 18.59% | 35.25% | 75.12% |
Depreciation, Depletion And Amortization | $10.31K | $10.00K | $22.10K |
YoY Change | 158.77% | 4337.95% | |
Cash From Operating Activities | -$1.427M | -$1.220M | -$3.224M |
YoY Change | 126.21% | -1320.0% | -3324.42% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $28.14K | $60.00K | $121.6K |
YoY Change | -12.37% | 100.0% | 484.93% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | -$137.0K | -$60.00K | -$220.0K |
YoY Change | 65.69% | 100.0% | 85.68% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $0.00 | ||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | $1.423M | -90.00K | $6.956M |
YoY Change | 110.61% | -120.0% | 402.11% |
NET CHANGE | |||
Cash From Operating Activities | -$1.427M | -1.220M | -$3.224M |
Cash From Investing Activities | -$137.0K | -60.00K | -$220.0K |
Cash From Financing Activities | $1.423M | -90.00K | $6.956M |
Net Change In Cash | -$141.3K | -1.370M | $3.511M |
YoY Change | 272.03% | -1470.0% | 3411.38% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$1.427M | -$1.220M | -$3.224M |
Capital Expenditures | $28.14K | $60.00K | $121.6K |
Free Cash Flow | -$1.455M | -$1.280M | -$3.346M |
YoY Change | 119.5% | -1928.57% | -4323.76% |
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|
-5681833 | usd |
CY2021 | us-gaap |
Profit Loss
ProfitLoss
|
-3244506 | usd |
CY2022 | LUCY |
Weighted Average Number Of Shares Outstanding
WeightedAverageNumberOfSharesOutstanding
|
6528959 | shares |
CY2021 | LUCY |
Weighted Average Number Of Shares Outstanding
WeightedAverageNumberOfSharesOutstanding
|
5245622 | shares |
CY2022 | LUCY |
Earnings Per Shares Basic And Diluted
EarningsPerSharesBasicAndDiluted
|
-0.87 | |
CY2021 | LUCY |
Earnings Per Shares Basic And Diluted
EarningsPerSharesBasicAndDiluted
|
-0.62 | |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
207516 | usd |
CY2022 | LUCY |
Collection Of Stock Subscriptions Receivable
CollectionOfStockSubscriptionsReceivable
|
6684 | usd |
CY2022 | LUCY |
Shares Issued For Conversion Of Related Party Convertible Note
SharesIssuedForConversionOfRelatedPartyConvertibleNote
|
2002280 | usd |
CY2022 | LUCY |
Initial Public Offering See Note
InitialPublicOfferingSeeNote
|
6015918 | usd |
CY2022 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1473864 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-5681833 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
4024429 | usd |
CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-554837 | usd |
CY2021 | LUCY |
Shares Issued For Conversion Of Related Party Convertible Note
SharesIssuedForConversionOfRelatedPartyConvertibleNote
|
2179772 | usd |
CY2021 | us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
437968 | usd |
CY2021 | LUCY |
Collection Of Stock Subscriptions Receivable
CollectionOfStockSubscriptionsReceivable
|
54184 | usd |
CY2021 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1334935 | usd |
CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3244506 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
207516 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-5681833 | usd |
CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3244506 | usd |
CY2022 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
10466 | usd |
CY2021 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
7179 | usd |
CY2022 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
22101 | usd |
CY2021 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
498 | usd |
CY2022 | us-gaap |
Other Noncash Expense
OtherNoncashExpense
|
105171 | usd |
CY2021 | us-gaap |
Other Noncash Expense
OtherNoncashExpense
|
1251 | usd |
CY2022 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1473864 | usd |
CY2021 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1334935 | usd |
CY2022 | LUCY |
Expenses Paid By Parent And Affiliates
ExpensesPaidByParentAndAffiliates
|
960362 | usd |
CY2021 | LUCY |
Expenses Paid By Parent And Affiliates
ExpensesPaidByParentAndAffiliates
|
867618 | usd |
CY2022 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
116230 | usd |
CY2021 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
-0 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
183094 | usd |
CY2021 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
43394 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
67951 | usd |
CY2021 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
157536 | usd |
CY2022 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
142292 | usd |
CY2021 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
43381 | usd |
CY2022 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-47765 | usd |
CY2021 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
250436 | usd |
CY2022 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
-1460 | usd |
CY2021 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
1460 | usd |
CY2022 | LUCY |
Contract Assets And Liabilities
ContractAssetsAndLiabilities
|
22569 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-3224418 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-1214160 | usd |
CY2022 | LUCY |
Payment To Acquire Patent Costs
PaymentToAcquirePatentCosts
|
60717 | usd |
CY2021 | LUCY |
Payment To Acquire Patent Costs
PaymentToAcquirePatentCosts
|
25272 | usd |
CY2022 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
121561 | usd |
CY2021 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
20782 | usd |
CY2022 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
37673 | usd |
CY2021 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
72400 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-219951 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-118454 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
6127067 | usd |
CY2021 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
492152 | usd |
CY2021 | LUCY |
Payment Of Deferred Offering Cost
PaymentOfDeferredOfferingCost
|
111149 | usd |
CY2022 | LUCY |
Collection Of Stock Subscription Receivable
CollectionOfStockSubscriptionReceivable
|
6684 | usd |
CY2022 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
1475000 | usd |
CY2021 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
1061500 | usd |
CY2022 | us-gaap |
Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
|
653000 | usd |
CY2021 | us-gaap |
Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
|
57185 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
6955751 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
1385318 | usd |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
3511382 | usd |
CY2021 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
52704 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
79727 | usd |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
27023 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
3591109 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
79727 | usd |
CY2022 | LUCY |
Expenses Paid For By Parent Reported As Increase In Due To Parent And Affiliates And Related Party Convertible Debt
ExpensesPaidForByParentReportedAsIncreaseInDueToParentAndAffiliatesAndRelatedPartyConvertibleDebt
|
960362 | usd |
CY2021 | LUCY |
Expenses Paid For By Parent Reported As Increase In Due To Parent And Affiliates And Related Party Convertible Debt
ExpensesPaidForByParentReportedAsIncreaseInDueToParentAndAffiliatesAndRelatedPartyConvertibleDebt
|
867618 | usd |
CY2022 | LUCY |
Writeoff Of Uncollectible Stock Subscription Receivables
WriteoffOfUncollectibleStockSubscriptionReceivables
|
-4542 | usd |
CY2022 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<p id="xdx_80B_eus-gaap--NatureOfOperations_z3GxVlqEeT88" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTE 1 – <span id="xdx_826_zpPy4FpIYY7i">GENERAL INFORMATION</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Innovative Eyewear, Inc. (the “Company,” “us,” “we,” or “our”) is a corporation organized under the laws of the State of Florida that develops and sells cutting-edge eyeglasses and sunglasses, which are designed to allow our customers to remain connected to their digital lives, while also offering prescription eyewear and sun protection. The Company was founded by Lucyd Ltd. (the “Parent” or “Lucyd”), a portfolio company of Tekcapital Plc through Tekcapital Europe, Ltd. (collectively, the “Parent and Affiliates”), which owned approximately 71% of our issued and outstanding shares of common stock as of December 31, 2022. Innovative Eyewear licensed the exclusive rights to the Lucyd<sup>®</sup> brand from Lucyd Ltd., which includes the exclusive use of all of Lucyd’s intellectual property, including our main product, Lucyd Lyte<sup>®</sup> glasses.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
CY2022 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_84A_eus-gaap--UseOfEstimates_zQqeUvf2Mwbb" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span id="xdx_869_zuu18hnQD8Rl" style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Use of Estimates</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates, particularly given the significant economic disruptions and uncertainties associated with the ongoing economic environment, including potential supply chain constraints.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
CY2022 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
116230 | usd |
CY2021 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
0 | usd |
CY2022Q4 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
6413441 | usd |
CY2022Q4 | LUCY |
State Net Operating Loss Carryforwards
StateNetOperatingLossCarryforwards
|
3653332 | usd |
CY2022Q4 | us-gaap |
Liability For Uncertain Tax Positions Current
LiabilityForUncertainTaxPositionsCurrent
|
0 | usd |
CY2021Q4 | us-gaap |
Liability For Uncertain Tax Positions Current
LiabilityForUncertainTaxPositionsCurrent
|
0 | usd |
CY2022Q4 | LUCY |
Inventory Prepayment
InventoryPrepayment
|
197750 | usd |
CY2021Q4 | LUCY |
Inventory Prepayment
InventoryPrepayment
|
64715 | usd |
CY2022 | us-gaap |
Depreciation
Depreciation
|
22100 | usd |
CY2021 | us-gaap |
Depreciation
Depreciation
|
500 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
142343 | usd |
CY2021Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
20782 | usd |
CY2022Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
22599 | usd |
CY2021Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
498 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
119744 | usd |
CY2021Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
20284 | usd |
CY2022Q3 | us-gaap |
Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
|
500002 | usd |
CY2022 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p id="xdx_84D_eus-gaap--ConcentrationRiskCreditRisk_zl3QU4HMsXN1" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span id="xdx_860_zNrYKjMesJUf" style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Concentrations of Credit Risk</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash and accounts receivable. The Company limits its credit risk with respect to cash by maintaining cash balances with high quality financial institutions. At times, the Company’s cash balances may exceed federally insured limits. Concentrations of credit risk with respect to accounts receivable are considered minimal due to collection history.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
CY2022Q4 | LUCY |
Allowance For Sales Returns
AllowanceForSalesReturns
|
24897 | usd |
CY2021Q4 | LUCY |
Allowance For Sales Returns
AllowanceForSalesReturns
|
22266 | usd |
CY2022 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
1193185 | usd |
CY2021 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
681346 | usd |
CY2022 | us-gaap |
Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
|
35149 | usd |
CY2021 | us-gaap |
Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
|
110647 | usd |
CY2022 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-1228334 | usd |
CY2021 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-791993 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
|
610530 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
|
359032 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
122133 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
6757 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards Foreign
DeferredTaxAssetsOperatingLossCarryforwardsForeign
|
1346823 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards Foreign
DeferredTaxAssetsOperatingLossCarryforwardsForeign
|
534771 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
|
81911 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
|
110647 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
2161397 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
1011207 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
2161397 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
1011207 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
156196 | usd |
CY2021Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
95480 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
-18639 | usd |
CY2021Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
-8174 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
137557 | usd |
CY2021Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
87306 | usd |
CY2022 | us-gaap |
Adjustment For Amortization
AdjustmentForAmortization
|
10500 | usd |
CY2021 | us-gaap |
Adjustment For Amortization
AdjustmentForAmortization
|
7200 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
|
11500 | usd |
CY2022Q4 | us-gaap |
Convertible Debt Current
ConvertibleDebtCurrent
|
61356 | usd |
CY2021Q4 | us-gaap |
Convertible Debt Current
ConvertibleDebtCurrent
|
289029 | usd |
CY2022Q2 | us-gaap |
Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
|
778500 | usd |
CY2022Q2 | us-gaap |
Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
|
778500 | shares |
CY2022Q2 | us-gaap |
Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
|
1.00 | |
CY2022Q3 | us-gaap |
Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
|
140449 | shares |
CY2022Q3 | us-gaap |
Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
|
3.56 | |
CY2022Q4 | us-gaap |
Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
|
901271 | usd |
CY2022Q4 | us-gaap |
Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
|
253166 | shares |
CY2022Q4 | us-gaap |
Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
|
3.56 | |
CY2022 | LUCY |
Base Term
BaseTerm
|
P10Y | |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
36750 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
161210 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
356000 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
654000 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
930000 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
7200000 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
9337960 | usd |
CY2022Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
15000000 | shares |
CY2021Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
15000000 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
50000000 | shares |
CY2021Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
50000000 | shares |
CY2022Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2021Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2022Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2021Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
|
1124043 | shares |
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
1687500 | shares |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
0 | shares |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | pure |
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
1.84 | |
CY2020Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
1.00 | |
CY2020Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
645000 | shares |
CY2021 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
3.23 | |
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
|
1687500 | shares |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
2.61 | |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
2332500 | shares |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
1.87 | |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
395269 | shares |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
2.61 | |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
2332500 | shares |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
2.61 | |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
2332500 | shares |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
2.18 | |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
1198577 | shares |
CY2022 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P1Y8M4D | |
CY2022 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P1Y9M14D | |
CY2022Q4 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
1409958 | usd |
CY2022 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P1Y4M28D | |
CY2022 | us-gaap |
Profit Loss
ProfitLoss
|
-5681833 | usd |
CY2021 | us-gaap |
Profit Loss
ProfitLoss
|
-3244506 | usd |
CY2022 | LUCY |
Weightedaverage Number Of Common Shares
WeightedaverageNumberOfCommonShares
|
6528959 | shares |
CY2021 | LUCY |
Weightedaverage Number Of Common Shares
WeightedaverageNumberOfCommonShares
|
5245622 | shares |
CY2022 | LUCY |
Basic And Diluted Net Income Loss Per Common Share
BasicAndDilutedNetIncomeLossPerCommonShare
|
-0.87 | |
CY2021 | LUCY |
Basic And Diluted Net Income Loss Per Common Share
BasicAndDilutedNetIncomeLossPerCommonShare
|
-0.62 |