2021 Q4 Form 10-Q Financial Statement

#000165495421012139 Filed on November 15, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q3
Revenue $7.186M $6.224M $5.367M
YoY Change 25.76% 15.97% 31.09%
Cost Of Revenue $5.609M $1.000K $0.00
YoY Change 35.22% -100.0%
Gross Profit $1.577M $1.499M $1.488M
YoY Change 0.7% 0.74% 30.87%
Gross Profit Margin 21.95% 24.08% 27.72%
Selling, General & Admin $1.248M $1.105M $1.000M
YoY Change 17.96% 10.5% 1.63%
% of Gross Profit 79.14% 73.72% 67.2%
Research & Development $32.48M $28.32M $29.23M
YoY Change 19.01% -3.09%
% of Gross Profit 2059.73% 1889.46% 1964.05%
Depreciation & Amortization $77.83K $70.69K $52.45K
YoY Change 52.53% 34.77% 31.13%
% of Gross Profit 4.94% 4.72% 3.53%
Operating Expenses $1.326M $1.176M $1.052M
YoY Change 19.57% 11.79% 2.73%
Operating Profit $251.0K $323.0K $436.0K
YoY Change -45.08% -25.92% 285.84%
Interest Expense -$84.00K -$96.00K -$107.0K
YoY Change -4.55% -10.28% -32.28%
% of Operating Profit -33.47% -29.72% -24.54%
Other Income/Expense, Net -$84.00K -$96.00K -$107.0K
YoY Change -108.33% -10.28%
Pretax Income $167.0K $227.0K $329.0K
YoY Change -88.6% -31.0% -831.11%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income 0.0% 0.0% 0.0%
Net Earnings $167.0K $227.0K $329.0K
YoY Change -88.6% -31.0% -831.11%
Net Earnings / Revenue 2.32% 3.65% 6.13%
Basic Earnings Per Share $0.00 $0.00 $0.00
Diluted Earnings Per Share $0.00 $0.00 $0.00
COMMON SHARES
Basic Shares Outstanding 75.14M shares 75.04M shares 73.45M shares
Diluted Shares Outstanding 76.61M shares 76.58M shares 76.03M shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.081M $961.0K $932.0K
YoY Change 6.5% 3.11% 61.81%
Cash & Equivalents $1.081M $961.0K $932.0K
Short-Term Investments
Other Short-Term Assets $168.0K $159.0K $90.00K
YoY Change 93.1% 76.67% 100.0%
Inventory $3.456M $3.503M $2.186M
Prepaid Expenses $168.0K $159.0K
Receivables $920.0K $1.087M $1.039M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $5.625M $5.710M $4.247M
YoY Change 24.81% 34.45% 27.42%
LONG-TERM ASSETS
Property, Plant & Equipment $1.863M $1.915M $1.033M
YoY Change -53.34% 85.38% -9.07%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $100.0K $95.00K $17.00K
YoY Change 316.67% 458.82% 54.55%
Total Long-Term Assets $4.395M $4.517M $1.050M
YoY Change 9.41% 330.19% -8.46%
TOTAL ASSETS
Total Short-Term Assets $5.625M $5.710M $4.247M
Total Long-Term Assets $4.395M $4.517M $1.050M
Total Assets $10.02M $10.23M $5.297M
YoY Change 17.55% 93.07% 18.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.597M $2.725M $2.422M
YoY Change 2.89% 12.51% -9.25%
Accrued Expenses $528.0K $584.0K $640.0K
YoY Change -26.36% -8.75% -24.35%
Deferred Revenue
YoY Change
Short-Term Debt $1.065M $1.114M $0.00
YoY Change
Long-Term Debt Due $296.0K $312.0K $2.480M
YoY Change -84.04% -87.42% 1.56%
Total Short-Term Liabilities $4.776M $5.005M $5.542M
YoY Change -6.28% -9.69% -6.97%
LONG-TERM LIABILITIES
Long-Term Debt $1.258M $1.327M $694.0K
YoY Change 183.33% 91.21% 12.66%
Other Long-Term Liabilities $2.256M $2.341M
YoY Change -7.43%
Total Long-Term Liabilities $3.514M $3.668M $694.0K
YoY Change 21.97% 428.53% -3.34%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.776M $5.005M $5.542M
Total Long-Term Liabilities $3.514M $3.668M $694.0K
Total Liabilities $8.290M $8.673M $6.236M
YoY Change 3.92% 39.08% -6.58%
SHAREHOLDERS EQUITY
Retained Earnings -$5.199M -$5.366M
YoY Change
Common Stock $752.0K $750.0K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.730M $1.554M -$939.0K
YoY Change
Total Liabilities & Shareholders Equity $10.02M $10.23M $5.297M
YoY Change 17.55% 93.07% 18.24%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income $167.0K $227.0K $329.0K
YoY Change -88.6% -31.0% -831.11%
Depreciation, Depletion And Amortization $77.83K $70.69K $52.45K
YoY Change 52.53% 34.77% 31.13%
Cash From Operating Activities $275.0K $169.0K $130.0K
YoY Change 3.38% 30.0% -236.84%
INVESTING ACTIVITIES
Capital Expenditures $4.000K $61.00K $28.00K
YoY Change -107.41% 117.86% -450.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities $4.000K -$50.00K -$27.00K
YoY Change -107.41% 85.19% 237.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $200.0K $154.0K
YoY Change 29.87%
Cash From Financing Activities -159.0K -$135.0K -$323.0K
YoY Change 23.26% -58.2% -1176.67%
NET CHANGE
Cash From Operating Activities 275.0K $169.0K $130.0K
Cash From Investing Activities 4.000K -$50.00K -$27.00K
Cash From Financing Activities -159.0K -$135.0K -$323.0K
Net Change In Cash 120.0K -$16.00K -$220.0K
YoY Change 44.58% -92.73% 201.37%
FREE CASH FLOW
Cash From Operating Activities $275.0K $169.0K $130.0K
Capital Expenditures $4.000K $61.00K $28.00K
Free Cash Flow $271.0K $108.0K $102.0K
YoY Change -15.31% 5.88% -217.24%

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CY2021Q3 us-gaap Basis Of Accounting
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<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 45px; text-align:left;">These consolidated financial statements include the accounts and operations of our wholly owned operating subsidiaries, OneUp and Foam Labs. Intercompany accounts and transactions have been eliminated in consolidation. Certain prior period amounts have been reclassified to conform to the current year presentation.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 45px; text-align:left;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 45px; text-align:left;">The accompanying consolidated condensed financial statements have been prepared in accordance with GAAP for interim financial information and with the instructions to Form 10-Q and Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. These consolidated condensed financial statements and notes should be read in conjunction with the Company’s consolidated financial statements contained in the Company’s 2021 10-K.</p>
CY2021Q3 us-gaap Use Of Estimates
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<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 45px; text-align:left;">The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions in determining the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses during the reporting period. Significant estimates in these consolidated financial statements include estimates of: income taxes; tax valuation reserves; allowances for doubtful accounts; inventory valuation and reserves; share-based compensation; and useful lives for depreciation and amortization. Actual results could differ materially from these estimates. </p>
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CY2021Q3 us-gaap Concentration Risk Credit Risk
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<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 45px; text-align:left;">The Company maintains its cash accounts with banks located in Georgia. The total cash balances are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000 per bank. The Company had bank balances on deposit at September 30, 2021 that exceeded the balance insured by the FDIC by $833,857. Accounts receivable are typically unsecured and are derived from revenue earned from customers primarily located in North America and Europe.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 45px; text-align:left;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 45px; text-align:left;">During the three months ended September 30, 2021, we purchased 38% of total inventory purchases from one vendor.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 45px; text-align:left;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 45px; text-align:left;">During the fiscal year ended June 30, 2021, we purchased 34% of total inventory purchases from one vendor.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 45px; text-align:left;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 45px; text-align:left;">As of September 30, 2021, two of the Company’s customers represents 46% and 14% of the total accounts receivables, respectively. As of June 30, 2021, two of the Company’s customers represents 40% and 14% of the total accounts receivables, respectively. For the three months ended September 30, 2021, sales to and through Amazon accounted for 29% of our net sales, respectively.</p>
CY2021Q3 us-gaap Cash Uninsured Amount
CashUninsuredAmount
833857000 USD
CY2021Q3 us-gaap Prepaid Advertising
PrepaidAdvertising
5000000 USD
CY2021Q2 us-gaap Prepaid Advertising
PrepaidAdvertising
5000000 USD
CY2021Q3 us-gaap Advertising Expense
AdvertisingExpense
131890000 USD
CY2020Q3 us-gaap Advertising Expense
AdvertisingExpense
68530000 USD
CY2021Q3 us-gaap Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
28323000 USD
CY2020Q3 us-gaap Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
29225000 USD
CY2021Q3 luvu Impairment Or Disposal Of Long Lived Assetspolicy
ImpairmentOrDisposalOfLongLivedAssetspolicy
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 45px; text-align:left;">Long-lived assets to be held are reviewed for events or changes in circumstances which indicate that their carrying value may not be recoverable. They are tested for recoverability using undiscounted cash flows to determine whether or not impairment to such value has occurred as required by Financial Accounting Standards Board (“<em>FASB”) ASC Topic No. 360, Property, Plant, and Equipment</em>. The Company has determined that there was no impairment at September 30, 2021.</p>
CY2021Q3 us-gaap Inventory Net
InventoryNet
3503000 USD
CY2020Q3 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
88120000 USD
CY2021Q3 luvu Rental Abatement
RentalAbatement
103230000 USD
CY2021Q3 us-gaap Capital Leases Contingent Rental Payments Due
CapitalLeasesContingentRentalPaymentsDue
51615000 USD
CY2021Q3 luvu Final Two Months Rent
FinalTwoMonthsRent
61605 USD
CY2021Q3 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
163188000 USD
CY2021Q3 us-gaap Revenues
Revenues
6224000 USD
CY2020Q3 us-gaap Revenues
Revenues
5367000 USD
CY2021Q3 luvu Percent Change In Sales
PercentChangeInSales
0.16 pure
CY2021Q3 us-gaap Gross Profit
GrossProfit
1499000 USD
CY2021Q3 luvu Gross Profit Margin
GrossProfitMargin
0.24 pure
CY2020Q3 us-gaap Gross Profit
GrossProfit
1488000 USD
CY2020Q3 luvu Gross Profit Margin
GrossProfitMargin
0.28 pure
CY2021Q3 luvu Percent Change
PercentChange
0.01 pure
CY2021Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6650000 shares
CY2020Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
8700000 shares
CY2021Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
1768000 USD
CY2021Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
1637000 USD
CY2021Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
468000 USD
CY2021Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
396000 USD
CY2021Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1440000 USD
CY2021Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1531000 USD
CY2021Q3 us-gaap Inventory Gross
InventoryGross
3676000 USD
CY2021Q2 us-gaap Inventory Gross
InventoryGross
3564000 USD
CY2021Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
173000 USD
CY2021Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
173000 USD
CY2021Q2 us-gaap Inventory Net
InventoryNet
3391000 USD
CY2021Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
5672000 USD
CY2021Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
5620000 USD
CY2021Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3757000 USD
CY2021Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3686000 USD
CY2021Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1915000 USD
CY2021Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1934000 USD
CY2021Q3 us-gaap Depreciation
Depreciation
70688 USD
CY2020Q3 us-gaap Depreciation
Depreciation
52452 USD
CY2021Q3 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
404000 USD
CY2021Q2 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
509000 USD
CY2021Q3 us-gaap Interest Payable Current
InterestPayableCurrent
180000 USD
CY2021Q2 us-gaap Interest Payable Current
InterestPayableCurrent
185000 USD
CY2021Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
584000 USD
CY2021Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
694000 USD
CY2021Q3 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
1080000 USD
CY2021Q2 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
1083000 USD
CY2021Q3 us-gaap Unsecured Debt Current
UnsecuredDebtCurrent
0 USD
CY2021Q2 us-gaap Unsecured Debt Current
UnsecuredDebtCurrent
100000 USD
CY2021Q3 us-gaap Other Notes Payable Current
OtherNotesPayableCurrent
218000 USD
CY2021Q2 us-gaap Other Notes Payable Current
OtherNotesPayableCurrent
219000 USD
CY2021Q3 us-gaap Mediumterm Notes Current
MediumtermNotesCurrent
86000 USD
CY2021Q2 us-gaap Mediumterm Notes Current
MediumtermNotesCurrent
152000 USD
CY2021Q2 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
8000 USD
CY2021Q3 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
8000 USD
CY2021Q3 us-gaap Debt Current
DebtCurrent
1426000 USD
CY2021Q2 us-gaap Debt Current
DebtCurrent
1599000 USD
CY2021Q3 us-gaap Unsecured Long Term Debt
UnsecuredLongTermDebt
400000 USD
CY2021Q2 us-gaap Unsecured Long Term Debt
UnsecuredLongTermDebt
300000 USD
CY2021Q3 us-gaap Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
17000 USD
CY2021Q2 us-gaap Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
19000 USD
CY2021Q3 us-gaap Other Notes Payable
OtherNotesPayable
794000 USD
CY2021Q2 us-gaap Other Notes Payable
OtherNotesPayable
853000 USD
CY2021Q2 us-gaap Notes Payable Related Parties Noncurrent
NotesPayableRelatedPartiesNoncurrent
116000 USD
CY2021Q3 us-gaap Notes Payable Related Parties Noncurrent
NotesPayableRelatedPartiesNoncurrent
116000 USD
CY2021Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1327000 USD
CY2021Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1288000 USD
CY2021Q2 us-gaap Notes Payable Current
NotesPayableCurrent
100 USD
CY2021Q3 luvu Share Based Compensation Arrangements By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardVestingPeriod1
4
CY2021Q3 luvu Forfeiture Rate
ForfeitureRate
0 pure
CY2021Q3 us-gaap Notes Payable Current
NotesPayableCurrent
0 USD
CY2021Q3 us-gaap Unsecured Long Term Debt
UnsecuredLongTermDebt
400000 USD
CY2021Q2 us-gaap Unsecured Long Term Debt
UnsecuredLongTermDebt
300000 USD
CY2021Q2 us-gaap Notes Payable
NotesPayable
400000 USD
CY2021Q3 us-gaap Notes Payable
NotesPayable
400000 USD
CY2021Q2 us-gaap Notes Payable Related Parties Current And Noncurrent
NotesPayableRelatedPartiesCurrentAndNoncurrent
116000 USD
CY2021Q3 us-gaap Notes Payable Related Parties Current And Noncurrent
NotesPayableRelatedPartiesCurrentAndNoncurrent
116000 USD
CY2021Q2 luvu Notes Payable Related Parties Current
NotesPayableRelatedPartiesCurrent
0 USD
CY2021Q3 luvu Notes Payable Related Parties Current
NotesPayableRelatedPartiesCurrent
0 USD
CY2021Q2 us-gaap Notes Payable Related Parties Noncurrent
NotesPayableRelatedPartiesNoncurrent
116000 USD
CY2021Q3 us-gaap Notes Payable Related Parties Noncurrent
NotesPayableRelatedPartiesNoncurrent
116000 USD
CY2021Q3 us-gaap Line Of Credit Facility Collateral
LineOfCreditFacilityCollateral
85% of eligible accounts receivable (as defined in the agreement) for the purpose of improving working capital.
CY2021Q3 us-gaap Line Of Credit Facility Interest Rate Description
LineOfCreditFacilityInterestRateDescription
2.5% over the lenders Index Rate.
CY2021Q3 us-gaap Line Of Credit Facility Interest Rate At Period End
LineOfCreditFacilityInterestRateAtPeriodEnd
0.025 pure
CY2021Q3 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
2350000 shares
CY2021Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P1Y6M
CY2021Q3 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
0.04
CY2021Q3 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
1687500 shares
CY2021Q3 luvu Sharebased Compensation Not Yet Recognized
SharebasedCompensationNotYetRecognized
34862 USD
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4000 USD
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6000 USD
CY2021Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
175000000 shares
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
3400000 shares
CY2021Q3 us-gaap Convertible Preferred Stock Shares Issued Upon Conversion
ConvertiblePreferredStockSharesIssuedUponConversion
4300000 shares
CY2021Q3 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
7700000 shares
CY2021Q2 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.08 pure
CY2021Q3 us-gaap Proceeds From Federal Home Loan Bank Borrowings
ProceedsFromFederalHomeLoanBankBorrowings
1096200000 USD
CY2021Q3 us-gaap Federal Home Loan Bank Advances Interest Rate
FederalHomeLoanBankAdvancesInterestRate
0.010 pure
CY2021Q3 us-gaap Debt Instrument Periodic Payment Principal
DebtInstrumentPeriodicPaymentPrincipal
61691000 USD
CY2021Q3 luvu Weighted Average Discount Rate
WeightedAverageDiscountRate
0.1449 pure
CY2021Q3 luvu Operating Lease Right Of Use Asset Current
OperatingLeaseRightOfUseAssetCurrent
2482000 USD
CY2021Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
270000 USD
CY2021Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
2341000 USD
CY2021Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
2611000 USD
CY2021Q3 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
614000 USD
CY2021Q3 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
642000 USD
CY2021Q3 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
680000 USD
CY2021Q3 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
721000 USD
CY2021Q3 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
1290000 USD
CY2021Q3 us-gaap Operating Leases Future Minimum Payments Due In Rolling After Year Five
OperatingLeasesFutureMinimumPaymentsDueInRollingAfterYearFive
3947000 USD
CY2021Q3 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
2611000 USD
CY2021Q3 luvu Equipment Notes Payable
EquipmentNotesPayable
1435356 USD
CY2021Q4 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.20 pure
CY2021Q3 luvu Stock Options Were Exercised For Cash
StockOptionsWereExercisedForCash
100000 shares
CY2021Q4 luvu Unsecured Note Payable
UnsecuredNotePayable
100000 USD
CY2021Q3 luvu Cash Price Per Share
CashPricePerShare
0.03
CY2021Q3 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
237000 USD
CY2021Q3 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
303000 USD
CY2021Q3 us-gaap Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
282000 USD
CY2021Q3 us-gaap Contractual Obligation Due In Fourth Year
ContractualObligationDueInFourthYear
236000 USD
CY2021Q3 us-gaap Contractual Obligation Due In Fifth Year
ContractualObligationDueInFifthYear
124000 USD
CY2021Q3 luvu Future Minimum Lease Payments
FutureMinimumLeasePayments
1182000 USD
CY2021Q3 us-gaap Contractual Obligation
ContractualObligation
1012000 USD
CY2021Q3 us-gaap Other Notes Payable Current
OtherNotesPayableCurrent
218000 USD
CY2021Q3 us-gaap Other Notes Payable
OtherNotesPayable
794000 USD
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
3400000 shares
CY2021Q3 luvu Number Of Shares Available For Issuance Under Plan
NumberOfSharesAvailableForIssuanceUnderPlan
1050000 shares
CY2021Q2 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
2500000 shares
CY2021Q2 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
0.04
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
974300000 USD
CY2021Q3 luvu Weighted Average Exercise Price Forfeited Or Expired
WeightedAverageExercisePriceForfeitedOrExpired
0.03
CY2021Q3 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
2350000 shares
CY2021Q3 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
0.04
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
796800000 USD
CY2021Q3 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
1687500 shares
CY2021Q3 luvu Weighted Average Exercise Price Outstanding Options Exercisable
WeightedAverageExercisePriceOutstandingOptionsExercisable
0.03
CY2021Q3 luvu Aggregate Intrinsic Value Exercisable
AggregateIntrinsicValueExercisable
589200 USD
CY2021Q3 us-gaap Share Price
SharePrice
0.38
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
150000 shares
CY2021Q3 luvu Common Stock Shares Issued For Non Affiliated Employee
CommonStockSharesIssuedForNonAffiliatedEmployee
100000 shares

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