2024 Q3 Form 10-Q Financial Statement

#000182912624005415 Filed on August 12, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $308.7K
YoY Change 81.65%
Cost Of Revenue $253.5K
YoY Change 26.91%
Gross Profit $55.18K
YoY Change -285.06%
Gross Profit Margin 17.87%
Selling, General & Admin $1.738M
YoY Change 62.1%
% of Gross Profit 3149.43%
Research & Development $256.8K
YoY Change 30.04%
% of Gross Profit 465.42%
Depreciation & Amortization $38.29K
YoY Change 271.51%
% of Gross Profit 69.4%
Operating Expenses $2.030M
YoY Change 55.58%
Operating Profit -$1.974M
YoY Change 47.97%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $25.96K
YoY Change -44.16%
Pretax Income -$1.948M
YoY Change 51.04%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$1.948M
YoY Change 51.3%
Net Earnings / Revenue -631.2%
Basic Earnings Per Share -$1.87
Diluted Earnings Per Share -$1.87
COMMON SHARES
Basic Shares Outstanding 1.571M shares 17.50M shares
Diluted Shares Outstanding 1.044M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.897M
YoY Change -19.33%
Cash & Equivalents $5.897M
Short-Term Investments
Other Short-Term Assets $59.45K
YoY Change 64.04%
Inventory $930.5K
Prepaid Expenses $267.4K
Receivables $61.61K
Other Receivables $0.00
Total Short-Term Assets $7.287M
YoY Change -16.92%
LONG-TERM ASSETS
Property, Plant & Equipment $130.6K
YoY Change 4.35%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $92.72K
YoY Change 12.08%
Total Long-Term Assets $572.6K
YoY Change 0.56%
TOTAL ASSETS
Total Short-Term Assets $7.287M
Total Long-Term Assets $572.6K
Total Assets $7.859M
YoY Change -15.85%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $376.5K
YoY Change 151.03%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $494.6K
YoY Change 49.62%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $20.45K
YoY Change -65.92%
Total Long-Term Liabilities $20.45K
YoY Change -65.92%
TOTAL LIABILITIES
Total Short-Term Liabilities $494.6K
Total Long-Term Liabilities $20.45K
Total Liabilities $515.1K
YoY Change 32.57%
SHAREHOLDERS EQUITY
Retained Earnings -$20.89M
YoY Change 60.38%
Common Stock $15.00
YoY Change -88.37%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $7.344M
YoY Change
Total Liabilities & Shareholders Equity $7.859M
YoY Change -15.85%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income -$1.948M
YoY Change 51.3%
Depreciation, Depletion And Amortization $38.29K
YoY Change 271.51%
Cash From Operating Activities -$1.929M
YoY Change 4.85%
INVESTING ACTIVITIES
Capital Expenditures $29.93K
YoY Change -0.23%
Acquisitions
YoY Change
Other Investing Activities $11.66K
YoY Change -100.6%
Cash From Investing Activities -$18.27K
YoY Change -99.08%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 5.196M
YoY Change -9.32%
NET CHANGE
Cash From Operating Activities -1.929M
Cash From Investing Activities -18.27K
Cash From Financing Activities 5.196M
Net Change In Cash 3.248M
YoY Change 70.07%
FREE CASH FLOW
Cash From Operating Activities -$1.929M
Capital Expenditures $29.93K
Free Cash Flow -$1.959M
YoY Change 4.77%

Facts In Submission

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PaymentToAcquirePatentCosts
78063 usd
LUCY Payment To Acquire Patent Costs
PaymentToAcquirePatentCosts
131622 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
35748 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
34435 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-113811 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2115261 usd
LUCY Proceeds From Second Public Offering
ProceedsFromSecondPublicOffering
4115688 usd
LUCY Proceeds From Atthemarket Offerings
ProceedsFromAtthemarketOfferings
2324579 usd
LUCY Proceeds From First Registered Direct Offering
ProceedsFromFirstRegisteredDirectOffering
737300 usd
LUCY Proceeds From Second Registered Direct Offering
ProceedsFromSecondRegisteredDirectOffering
2134051 usd
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
3127718 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
17650 usd
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
109499 usd
LUCY Repayment Of Amounts Due To Tekcapital And Affiliates
RepaymentOfAmountsDueToTekcapitalAndAffiliates
75988 usd
LUCY Repayment Of Amounts Due To Tekcapital And Affiliates
RepaymentOfAmountsDueToTekcapitalAndAffiliates
184701 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
5119942 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
6966856 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
1609442 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
1765336 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4287447 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3591109 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5896889 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5356445 usd
LUCY Expenses Paid For By Parent Reported As Increase In Due To Parent And Affiliates And Related Party Convertible Debt
ExpensesPaidForByParentReportedAsIncreaseInDueToParentAndAffiliatesAndRelatedPartyConvertibleDebt
157835 usd
LUCY Expenses Paid For By Parent Reported As Increase In Due To Parent And Affiliates And Related Party Convertible Debt
ExpensesPaidForByParentReportedAsIncreaseInDueToParentAndAffiliatesAndRelatedPartyConvertibleDebt
151467 usd
LUCY Issuance Of Shares From Conversion Of Related Party Convertible Debt
IssuanceOfSharesFromConversionOfRelatedPartyConvertibleDebt
81900 usd
LUCY Issuance Of Shares For Prepayment To Brand Ambassador
IssuanceOfSharesForPrepaymentToBrandAmbassador
21690 usd
us-gaap Nature Of Operations
NatureOfOperations
<p id="xdx_80A_eus-gaap--NatureOfOperations_zUdWN1ItN56j" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>NOTE 1 – <span id="xdx_82C_z5YYmA3WYMfl">GENERAL INFORMATION</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">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., a portfolio company of Tekcapital Plc through Tekcapital Europe, Ltd. (collectively, together with Lucyd Ltd., “Tekcapital and Affiliates”), which owned approximately 19% of our issued and outstanding shares of common stock and was our largest shareholder as of June 30, 2024. Innovative Eyewear has 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.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84A_eus-gaap--UseOfEstimates_zhb8Hznylmgj" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><span id="xdx_865_zHXpT0E7ltBi">Use of Estimates</span></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">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 uncertainties associated with the current geopolitical and economic environment.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
LUCY Schedule Of Allowance For Doubtful Accounts Table Text Blok
ScheduleOfAllowanceForDoubtfulAccountsTableTextBlok
<table cellpadding="0" cellspacing="0" id="xdx_88F_ecustom--ScheduleOfAllowanceForDoubtfulAccountsTableTextBlok_zvb3BEvz2C3k" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left"><span id="xdx_8BF_zf4sHf67H3Bk" style="display: none">Schedule of allowance for doubtful accounts</span></td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="padding-bottom: 1pt; font-weight: bold"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2023</td> <td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: -0.125in; padding-left: 0.125in; width: 76%; vertical-align: top">Balance at January 1</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td id="xdx_986_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iS_pp0p0_c20240101__20240630_zT3pffgRZwne" style="width: 9%; text-align: right" title="Balance at begining">25,772</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td id="xdx_988_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iS_pp0p0_c20230101__20230630_zJQvnSWHskY3" style="width: 9%; text-align: right" title="Balance at begining">92,646</td> <td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Bad debt expense (recovery)</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98C_eus-gaap--ProvisionForDoubtfulAccounts_c20240101__20240630_pp0p0" style="text-align: right" title="Bad debt expense (recovery)">(3,687</td> <td style="text-align: left">)</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98A_eus-gaap--ProvisionForDoubtfulAccounts_c20230101__20230630_pp0p0" style="text-align: right" title="Bad debt expense (recovery)">5,814</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: -0.125in; padding-left: 0.125in; vertical-align: top">Write-offs</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98E_eus-gaap--AllowanceForDoubtfulAccountsReceivableWriteOffs_iN_pp0p0_di_c20240101__20240630_zbyH6ZoEbph6" style="text-align: right" title="Write-offs"><span style="-sec-ix-hidden: xdx2ixbrl0576">-</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_989_eus-gaap--AllowanceForDoubtfulAccountsReceivableWriteOffs_iN_pp0p0_di_c20230101__20230630_zavKSMIRSXia" style="text-align: right" title="Write-offs">(142</td> <td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; text-indent: -0.125in; padding-left: 0.125in; padding-bottom: 1pt; vertical-align: top">Other</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_987_ecustom--AllowanceForDoubtfulAccountsReceivableOther_c20240101__20240630_pp0p0" style="border-bottom: Black 1pt solid; text-align: right" title="Other">217</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_985_ecustom--AllowanceForDoubtfulAccountsReceivableOther_c20230101__20230630_pp0p0" style="border-bottom: Black 1pt solid; text-align: right" title="Other"><span style="-sec-ix-hidden: xdx2ixbrl0582">-</span></td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: -0.125in; padding-left: 0.125in; padding-bottom: 2.5pt; vertical-align: top">Balance at June 30</td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td id="xdx_982_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iE_pp0p0_c20240101__20240630_zvdX5AoC2b9a" style="border-bottom: Black 2.5pt double; text-align: right" title="Balance at end">22,302</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td id="xdx_98B_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iE_pp0p0_c20230101__20230630_zVRdQeDJGZ9j" style="border-bottom: Black 2.5pt double; text-align: right" title="Balance at end">98,318</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
25772 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
92646 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-3687 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
5814 usd
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
142 usd
LUCY Allowance For Doubtful Accounts Receivable Other
AllowanceForDoubtfulAccountsReceivableOther
217 usd
CY2024Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
22302 usd
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
98318 usd
us-gaap Inventory Write Down
InventoryWriteDown
0 usd
CY2023 us-gaap Inventory Write Down
InventoryWriteDown
31637 usd
CY2024Q2 LUCY Inventory Prepayment
InventoryPrepayment
70779 usd
CY2023Q4 LUCY Inventory Prepayment
InventoryPrepayment
323520 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
15000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
15000 usd
CY2024Q1 LUCY Restocking Fee
RestockingFee
15 usd
CY2024Q2 LUCY Allowance For Sales Returns
AllowanceForSalesReturns
8536 usd
CY2023Q4 LUCY Allowance For Sales Returns
AllowanceForSalesReturns
40933 usd
CY2024Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2024Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
271573 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
235825 usd
CY2024Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
140928 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
80977 usd
CY2024Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
130645 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
154848 usd
CY2024Q2 us-gaap Depreciation
Depreciation
38292 usd
CY2023Q2 us-gaap Depreciation
Depreciation
18672 usd
us-gaap Depreciation
Depreciation
59951 usd
us-gaap Depreciation
Depreciation
28979 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
407295 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
329232 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-58100 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-42803 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
349195 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
286429 usd
CY2024Q2 us-gaap Adjustment For Amortization
AdjustmentForAmortization
7483 usd
CY2023Q2 us-gaap Adjustment For Amortization
AdjustmentForAmortization
11860 usd
us-gaap Adjustment For Amortization
AdjustmentForAmortization
15297 usd
us-gaap Adjustment For Amortization
AdjustmentForAmortization
17816 usd
CY2023Q1 us-gaap Convertible Debt Current
ConvertibleDebtCurrent
61356 usd
CY2023Q1 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
48143 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
436000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
834000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1290000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
1543000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
9907000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
14010000 usd
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
41.60
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
144726 shares
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P2Y2M19D
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
8.40
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
500 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
21.84
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
30750 shares
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
46.77
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
114476 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P2Y1M20D
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
57.44
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
83540 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P1Y5M15D
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0 usd
CY2024Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
0 usd
CY2024Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
293000 usd
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P0Y8M15D
CY2024Q2 us-gaap Restricted Stock Expense
RestrictedStockExpense
5075 usd
us-gaap Restricted Stock Expense
RestrictedStockExpense
10150 usd
CY2024Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
8500 usd
CY2024Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
81900 usd
CY2024Q2 LUCY Stock Grants Expenses
StockGrantsExpenses
40950 usd
LUCY Stock Grants Expenses
StockGrantsExpenses
40950 usd
CY2024Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
40950 usd
CY2024Q2 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
2828 shares
CY2024Q2 us-gaap Sale Of Stock Consideration Received Per Transaction
SaleOfStockConsiderationReceivedPerTransaction
13000 usd
CY2024Q2 us-gaap Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
12000 usd
CY2024Q2 LUCY Release Payment
ReleasePayment
325000 usd
LUCY Release Payment
ReleasePayment
325000 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
-1948399 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-1287802 usd
us-gaap Net Income Loss
NetIncomeLoss
-3919710 usd
us-gaap Net Income Loss
NetIncomeLoss
-2718612 usd
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1044211 shares
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1044211 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
503670 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
503670 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
896685 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
896685 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
476357 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
476357 shares
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.87
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.87
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.56
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.56
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-4.37
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-4.37
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-5.71
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-5.71
CY2024Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
50000000 shares
CY2024Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00001
CY2024Q3 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
43535 shares
CY2024Q3 us-gaap Sale Of Stock Consideration Received Per Transaction
SaleOfStockConsiderationReceivedPerTransaction
252000 usd
CY2024Q3 us-gaap Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
242000 usd

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0001829126-24-005415-index.html Edgar Link pending
0001829126-24-005415.txt Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
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innovative_ex31-1.htm Edgar Link pending
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