$LUVU
Luvu Brands, Inc.

2022 Q3 Form 10-Q Financial Statement

#000165495422015287 Filed on November 14, 2022

View on sec.gov

Income Statement

Concept 2022 Q3
Revenue $8.059M
YoY Change 29.48%
Cost Of Revenue $6.086M
YoY Change 608500.0%
Gross Profit $1.973M
YoY Change 31.62%
Gross Profit Margin 24.48%
Selling, General & Admin $1.310M
YoY Change 18.55%
% of Gross Profit 66.4%
Research & Development $30.95M
YoY Change 9.28%
% of Gross Profit 1568.68%
Depreciation & Amortization $86.86K
YoY Change 22.87%
% of Gross Profit 4.4%
Operating Expenses $1.397M
YoY Change 18.79%
Operating Profit $576.0K
YoY Change 78.33%
Interest Expense -$84.00K
YoY Change -12.5%
% of Operating Profit -14.58%
Other Income/Expense, Net -$84.00K
YoY Change -12.5%
Pretax Income $492.0K
YoY Change 116.74%
Income Tax $0.00
% Of Pretax Income 0.0%
Net Earnings $492.0K
YoY Change 116.74%
Net Earnings / Revenue 6.1%
Basic Earnings Per Share $0.01
Diluted Earnings Per Share $0.01
COMMON SHARES
Basic Shares Outstanding 76.05M shares
Diluted Shares Outstanding 76.63M shares

Balance Sheet

Concept 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.348M
YoY Change 40.27%
Cash & Equivalents $1.348M
Short-Term Investments
Other Short-Term Assets $190.0K
YoY Change 19.5%
Inventory $3.660M
Prepaid Expenses $190.0K
Receivables $1.481M
Other Receivables $0.00
Total Short-Term Assets $6.679M
YoY Change 16.97%
LONG-TERM ASSETS
Property, Plant & Equipment $1.975M
YoY Change 3.13%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $99.00K
YoY Change 4.21%
Total Long-Term Assets $4.283M
YoY Change -5.18%
TOTAL ASSETS
Total Short-Term Assets $6.679M
Total Long-Term Assets $4.283M
Total Assets $10.96M
YoY Change 7.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.700M
YoY Change -0.92%
Accrued Expenses $788.0K
YoY Change 34.93%
Deferred Revenue
YoY Change
Short-Term Debt $1.367M
YoY Change 22.71%
Long-Term Debt Due $446.0K
YoY Change 42.95%
Total Short-Term Liabilities $5.654M
YoY Change 12.97%
LONG-TERM LIABILITIES
Long-Term Debt $881.0K
YoY Change -33.61%
Other Long-Term Liabilities $1.969M
YoY Change -15.89%
Total Long-Term Liabilities $2.966M
YoY Change -19.14%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.654M
Total Long-Term Liabilities $2.966M
Total Liabilities $8.504M
YoY Change -1.95%
SHAREHOLDERS EQUITY
Retained Earnings -$4.497M
YoY Change -16.19%
Common Stock $760.0K
YoY Change 1.33%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.458M
YoY Change
Total Liabilities & Shareholders Equity $10.96M
YoY Change 7.19%

Cashflow Statement

Concept 2022 Q3
OPERATING ACTIVITIES
Net Income $492.0K
YoY Change 116.74%
Depreciation, Depletion And Amortization $86.86K
YoY Change 22.87%
Cash From Operating Activities $617.0K
YoY Change 265.09%
INVESTING ACTIVITIES
Capital Expenditures $21.00K
YoY Change -65.57%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$21.00K
YoY Change -58.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$107.0K
YoY Change -20.74%
NET CHANGE
Cash From Operating Activities $617.0K
Cash From Investing Activities -$21.00K
Cash From Financing Activities -$107.0K
Net Change In Cash $489.0K
YoY Change -3156.25%
FREE CASH FLOW
Cash From Operating Activities $617.0K
Capital Expenditures $21.00K
Free Cash Flow $596.0K
YoY Change 451.85%

Facts In Submission

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CY2022Q3 us-gaap Basis Of Accounting
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<p style="font-size:10pt;font-family:times new roman;margin:0px;text-indent:45px">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"> </p><p style="font-size:10pt;font-family:times new roman;margin:0px;text-indent:45px">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 2022 10-K.</p>
CY2022Q3 us-gaap Use Of Estimates
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<p style="font-size:10pt;font-family:times new roman;margin:0px;text-indent:45px">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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CY2022Q3 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">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, 2022 that exceeded the balance insured by the FDIC by $1,241,667. 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"> </p><p style="font-size:10pt;font-family:times new roman;margin:0px;text-indent:45px">During the three months ended September, 30 2022, we purchased 35% of total inventory purchases from one vendor.</p><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p><p style="font-size:10pt;font-family:times new roman;margin:0px;text-indent:45px">During the fiscal year ended June 30, 2022, we purchased 34% of total inventory purchases from one vendor.</p><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p><p style="font-size:10pt;font-family:times new roman;margin:0px;text-indent:45px">As of September 30, 2022, two of the Company’s customers represents 41% and 12% of the total accounts receivables, respectively. As of June 30, 2022, two of the Company’s customers represents 21% and 13% of the total accounts receivables, respectively. For the three months ended September 30, 2022, sales to and through Amazon accounted for 38% of our net sales.</p>
CY2022Q3 us-gaap Cash
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250000 usd
CY2022Q3 luvu Fdic Balance Limit Excess
FdicBalanceLimitExcess
1241667 usd
CY2022Q3 us-gaap Prepaid Advertising
PrepaidAdvertising
1050000 usd
CY2022Q2 us-gaap Prepaid Advertising
PrepaidAdvertising
1050000 usd
CY2022Q3 us-gaap Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
30950000 usd
CY2021Q3 us-gaap Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
28323000 usd
CY2022Q3 luvu Impairment Or Disposal Of Long Lived Assetspolicy
ImpairmentOrDisposalOfLongLivedAssetspolicy
<p style="font-size:10pt;font-family:times new roman;margin:0px;text-indent:45px">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, 2022.</p>
CY2020Q4 luvu Rental Abatement
RentalAbatement
103230000 usd
CY2020Q4 us-gaap Capital Leases Contingent Rental Payments Due
CapitalLeasesContingentRentalPaymentsDue
51615000 usd
CY2022Q3 luvu Annual Escalations In Rent
AnnualEscalationsInRent
0.03 pure
CY2020Q4 luvu Final Two Months Rent
FinalTwoMonthsRent
61605 usd
CY2022Q3 us-gaap Property Management Fee Percent Fee
PropertyManagementFeePercentFee
0.02 pure
CY2022Q3 us-gaap Payments For Rent
PaymentsForRent
163188000 usd
CY2021Q3 us-gaap Payments For Rent
PaymentsForRent
163188000 usd
CY2022Q3 us-gaap Revenues
Revenues
8059000 usd
CY2021Q3 us-gaap Revenues
Revenues
6224000 usd
CY2022Q3 luvu Percent Change In Sales
PercentChangeInSales
0.29 pure
CY2022Q3 us-gaap Gross Profit
GrossProfit
1973000 usd
CY2022Q3 luvu Gross Profit Margin
GrossProfitMargin
0.24 pure
CY2021Q3 us-gaap Gross Profit
GrossProfit
1499000 usd
CY2021Q3 luvu Gross Profit Margin
GrossProfitMargin
0.24 pure
CY2022Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6275000 shares
CY2021Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6650000 shares
CY2022Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
2029000 usd
CY2022Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
1893000 usd
CY2022Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
453000 usd
CY2022Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
440000 usd
CY2022Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1354000 usd
CY2022Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1660000 usd
CY2022Q3 us-gaap Inventory Gross
InventoryGross
3836000 usd
CY2022Q2 us-gaap Inventory Gross
InventoryGross
3993000 usd
CY2022Q3 luvu Inventory Valuation Reserve
InventoryValuationReserve
-176000 usd
CY2022Q2 luvu Inventory Valuation Reserve
InventoryValuationReserve
-176000 usd
CY2022Q3 us-gaap Inventory Net
InventoryNet
3660000 usd
CY2022Q2 us-gaap Inventory Net
InventoryNet
3817000 usd
CY2022Q3 luvu Subtotal
Subtotal
6054000 usd
CY2022Q2 luvu Subtotal
Subtotal
6010000 usd
CY2022Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
4079000 usd
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3981000 usd
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1975000 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2029000 usd
CY2022Q3 us-gaap Depreciation
Depreciation
86856 usd
CY2021Q3 us-gaap Depreciation
Depreciation
70688 usd
CY2022Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
630000 usd
CY2022Q3 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
120000 usd
CY2022 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
85000 usd
CY2022Q3 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
454000 usd
CY2022Q2 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
344000 usd
CY2022Q3 us-gaap Interest Payable Current
InterestPayableCurrent
334000 usd
CY2022Q2 us-gaap Interest Payable Current
InterestPayableCurrent
286000 usd
CY2022Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
788000 usd
CY2022Q3 us-gaap Unsecured Debt
UnsecuredDebt
22000 usd
CY2022Q2 us-gaap Unsecured Debt
UnsecuredDebt
25000 usd
CY2022Q3 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
1045000 usd
CY2022Q2 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
1070000 usd
CY2022Q3 us-gaap Unsecured Debt Current
UnsecuredDebtCurrent
300000 usd
CY2022Q2 us-gaap Unsecured Debt Current
UnsecuredDebtCurrent
200000 usd
CY2022Q3 us-gaap Other Notes Payable Current
OtherNotesPayableCurrent
315000 usd
CY2022Q2 us-gaap Other Notes Payable Current
OtherNotesPayableCurrent
308000 usd
CY2022Q3 us-gaap Mediumterm Notes Current
MediumtermNotesCurrent
0 usd
CY2022Q2 us-gaap Mediumterm Notes Current
MediumtermNotesCurrent
0 usd
CY2022Q3 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
15000 usd
CY2022Q2 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
15000 usd
CY2022Q3 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
116000 usd
CY2022Q2 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
116000 usd
CY2022Q3 us-gaap Debt Current
DebtCurrent
1813000 usd
CY2022Q2 us-gaap Debt Current
DebtCurrent
1618000 usd
CY2022Q3 us-gaap Notes Payable Related Parties Noncurrent
NotesPayableRelatedPartiesNoncurrent
0 usd
CY2022Q3 us-gaap Unsecured Long Term Debt
UnsecuredLongTermDebt
100000 usd
CY2022Q2 us-gaap Unsecured Long Term Debt
UnsecuredLongTermDebt
200000 usd
CY2022Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
21000 usd
CY2022Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
25000 usd
CY2022Q3 us-gaap Other Notes Payable
OtherNotesPayable
760000 usd
CY2022Q2 us-gaap Other Notes Payable
OtherNotesPayable
842000 usd
CY2022Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
881000 usd
CY2022Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1183000 usd
CY2022Q3 us-gaap Notes Payable Current
NotesPayableCurrent
300000 usd
CY2022Q2 us-gaap Notes Payable Current
NotesPayableCurrent
200000 usd
CY2022Q3 us-gaap Unsecured Long Term Debt
UnsecuredLongTermDebt
100000 usd
CY2022Q2 us-gaap Unsecured Long Term Debt
UnsecuredLongTermDebt
200000 usd
CY2022Q3 us-gaap Notes Payable
NotesPayable
400000 usd
CY2022Q2 us-gaap Notes Payable
NotesPayable
400000 usd
CY2022Q3 luvu Notes Payable Related Parties Noncurrent09
NotesPayableRelatedPartiesNoncurrent09
116000 usd
CY2022Q2 luvu Notes Payable Related Parties Noncurrent09
NotesPayableRelatedPartiesNoncurrent09
116000 usd
CY2022Q2 luvu Notes Payable Related Parties Current
NotesPayableRelatedPartiesCurrent
116000 usd
CY2022Q3 luvu Notes Payable Related Parties Current
NotesPayableRelatedPartiesCurrent
116000 usd
CY2022Q2 us-gaap Notes Payable Related Parties Noncurrent
NotesPayableRelatedPartiesNoncurrent
0 usd
CY2022Q3 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
CY2022Q3 us-gaap Line Of Credit Facility Commitment Fee Percentage
LineOfCreditFacilityCommitmentFeePercentage
1.25 pure
CY2022Q3 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.02 pure
CY2022Q3 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.11 pure
CY2022Q3 us-gaap Cash Uninsured Amount
CashUninsuredAmount
21916 usd
CY2022Q2 us-gaap Cash Uninsured Amount
CashUninsuredAmount
24879 usd
CY2022Q3 luvu Weighted Average Remaining Lease Term
WeightedAverageRemainingLeaseTerm
P5Y
CY2022Q3 luvu Weighted Average Discount Rate
WeightedAverageDiscountRate
0.1449 pure
CY2022Q3 luvu Operating Lease Right Of Use Asset Current
OperatingLeaseRightOfUseAssetCurrent
2174000 usd
CY2022Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
353000 usd
CY2022Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1969000 usd
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
2322000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths
449000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Two
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo
680000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Three
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree
721000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Four
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFour
762000 usd
CY2022Q2 luvu Lessee Operating Lease Liability Payments Due After Rolling Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterRollingYearFour
528000 usd
CY2022Q2 luvu Total Undiscounted Lease Payments
TotalUndiscountedLeasePayments
3140000 usd
CY2022Q2 luvu Less Present Value Discount
LessPresentValueDiscount
-818000 usd
CY2022Q2 luvu Total Lease Liability Balance
TotalLeaseLiabilityBalance
2322000 usd
CY2022Q3 luvu Equipment Notes Payable
EquipmentNotesPayable
2099542 usd
CY2022Q3 luvu Contractual Obligation Due In Second Year4
ContractualObligationDueInSecondYear4
292000 usd
CY2022Q3 us-gaap Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
367000 usd
CY2022Q3 luvu Contractual Obligation Due In Fourth Year5
ContractualObligationDueInFourthYear5
322000 usd
CY2022Q3 us-gaap Contractual Obligation Due In Fifth Year
ContractualObligationDueInFifthYear
203000 usd
CY2022Q3 luvu Twentythousand Twenty Seven
TwentythousandTwentySeven
37000 usd
CY2022Q3 luvu Future Minimum Lease Payments
FutureMinimumLeasePayments
1221000 usd
CY2022Q3 luvu Amount Representing Interest
AmountRepresentingInterest
-146000 usd
CY2022Q3 luvu Contractual Obligation8
ContractualObligation8
1075000 usd
CY2022Q3 luvu Other Note Payable Current
OtherNotePayableCurrent
-315000 usd
CY2022Q3 us-gaap Other Notes Payable
OtherNotesPayable
760000 usd
CY2022Q3 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
12000 usd
CY2022Q3 luvu Contractual Obligation Due In Third Year2
ContractualObligationDueInThirdYear2
17000 usd
CY2022Q3 us-gaap Contractual Obligation Due In Fourth Year
ContractualObligationDueInFourthYear
6000 usd
CY2022Q3 luvu Contractual Obligation Due In Fifth Year6
ContractualObligationDueInFifthYear6
3000 usd
CY2022Q3 luvu Future Minimum Finance Lease Payable Payments
FutureMinimumFinanceLeasePayablePayments
38000 usd
CY2022Q3 luvu Amount Representing Interest7
AmountRepresentingInterest7
-2000 usd
CY2022Q3 us-gaap Contractual Obligation
ContractualObligation
36000 usd
CY2022Q3 luvu Other Note Payable Current3
OtherNotePayableCurrent3
-15000 usd
CY2022Q3 luvu Other Notes Payable1
OtherNotesPayable1
21000 usd
CY2022Q3 luvu Annual Base Salary
AnnualBaseSalary
150000 usd
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
2225000 shares
CY2022Q3 luvu Number Of Shares Available For Issuance Under Plan
NumberOfSharesAvailableForIssuanceUnderPlan
250000 shares
CY2022Q3 luvu Sharebasedcompensationarrangementbysharebasedpaymentawardoptionsoutstandingnumberbegining Balance
SharebasedcompensationarrangementbysharebasedpaymentawardoptionsoutstandingnumberbeginingBalance
1975000 shares
CY2022Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P3Y
CY2022Q3 luvu Weighted Average Exercise Price Outstanding Begining Balance
WeightedAverageExercisePriceOutstandingBeginingBalance
0.10
CY2022Q3 luvu Aggregate Intrinsic Vale Options Outstanding Beginning Balance
AggregateIntrinsicValeOptionsOutstandingBeginningBalance
107500 usd
CY2022Q3 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
CY2022Q3 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
0
CY2022Q3 luvu Sharebasedcompensationarrangementbysharebasedpaymentawardoptionsoutstandingnumber Ending Balance
SharebasedcompensationarrangementbysharebasedpaymentawardoptionsoutstandingnumberEndingBalance
1975000 shares
CY2022Q3 luvu Weighted Average Remaining Contractual Life Ending
WeightedAverageRemainingContractualLifeEnding
P2Y2M12D
CY2022Q3 luvu Weighted Average Exercise Price Outstanding Ending Balance
WeightedAverageExercisePriceOutstandingEndingBalance
0.10
CY2022Q3 luvu Aggregate Intrinsic Vale Options Outstanding Ending Balance
AggregateIntrinsicValeOptionsOutstandingEndingBalance
0 usd
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
862500 shares
CY2022Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P0Y10M24D
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
0.04
CY2022Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
48250 usd
CY2022Q3 us-gaap Share Price
SharePrice
0.09
CY2022Q3 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
1975000 shares
CY2022Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P2Y2M12D
CY2022Q3 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
0.10
CY2022Q3 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
862500 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
0.04
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
12000 usd
CY2022Q3 luvu Unrecognized Stock Expense
UnrecognizedStockExpense
152562 usd
CY2022Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
175000000 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
2225000 shares
CY2022Q3 us-gaap Convertible Preferred Stock Shares Issued Upon Conversion
ConvertiblePreferredStockSharesIssuedUponConversion
4300000 shares
CY2022Q3 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
6525000 shares

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