2024 Q4 Form 10-Q Financial Statement
#000165495424014331 Filed on November 14, 2024
Income Statement
| Concept | 2024 Q4 | 2024 Q3 |
|---|---|---|
| Revenue | $5.756M | |
| YoY Change | -6.04% | |
| Cost Of Revenue | $4.239M | |
| YoY Change | -8.7% | |
| Gross Profit | $1.517M | |
| YoY Change | 2.29% | |
| Gross Profit Margin | 26.36% | |
| Selling, General & Admin | ||
| YoY Change | ||
| % of Gross Profit | ||
| Research & Development | $42.59K | |
| YoY Change | 30.17% | |
| % of Gross Profit | 2.81% | |
| Depreciation & Amortization | $109.2K | |
| YoY Change | 10.08% | |
| % of Gross Profit | 7.2% | |
| Operating Expenses | $1.639M | |
| YoY Change | 8.18% | |
| Operating Profit | -$122.0K | |
| YoY Change | 281.25% | |
| Interest Expense | ||
| YoY Change | ||
| % of Operating Profit | ||
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | -$210.0K | |
| YoY Change | 66.67% | |
| Income Tax | $0.00 | |
| % Of Pretax Income | ||
| Net Earnings | -$210.0K | |
| YoY Change | 66.67% | |
| Net Earnings / Revenue | -3.65% | |
| Basic Earnings Per Share | $0.00 | |
| Diluted Earnings Per Share | $0.00 | |
| COMMON SHARES | ||
| Basic Shares Outstanding | 76.83M shares | 76.64M shares |
| Diluted Shares Outstanding | 76.83M shares |
Balance Sheet
| Concept | 2024 Q4 | 2024 Q3 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | ||
| YoY Change | ||
| Cash & Equivalents | $1.068M | |
| Short-Term Investments | ||
| Other Short-Term Assets | $171.0K | |
| YoY Change | 40.16% | |
| Inventory | $3.004M | |
| Prepaid Expenses | ||
| Receivables | $1.198M | |
| Other Receivables | ||
| Total Short-Term Assets | $5.441M | |
| YoY Change | -16.09% | |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $1.762M | |
| YoY Change | -17.74% | |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | ||
| YoY Change | ||
| Total Long-Term Assets | $3.371M | |
| YoY Change | -17.15% | |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $5.441M | |
| Total Long-Term Assets | $3.371M | |
| Total Assets | $8.812M | |
| YoY Change | -16.5% | |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $1.435M | |
| YoY Change | -34.11% | |
| Accrued Expenses | $686.0K | |
| YoY Change | 21.42% | |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | ||
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $4.547M | |
| YoY Change | -2.55% | |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $534.0K | |
| YoY Change | -57.38% | |
| Other Long-Term Liabilities | ||
| YoY Change | ||
| Total Long-Term Liabilities | $1.637M | |
| YoY Change | -41.74% | |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $4.547M | |
| Total Long-Term Liabilities | $1.637M | |
| Total Liabilities | $6.183M | |
| YoY Change | -17.3% | |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | -$4.398M | |
| YoY Change | 12.31% | |
| Common Stock | $766.0K | |
| YoY Change | 0.13% | |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $2.629M | |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $8.812M | |
| YoY Change | -16.5% |
Cashflow Statement
| Concept | 2024 Q4 | 2024 Q3 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$210.0K | |
| YoY Change | 66.67% | |
| Depreciation, Depletion And Amortization | $109.2K | |
| YoY Change | 10.08% | |
| Cash From Operating Activities | $132.0K | |
| YoY Change | -23.26% | |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $1.000K | |
| YoY Change | -96.88% | |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | ||
| YoY Change | ||
| Cash From Investing Activities | -$1.000K | |
| YoY Change | -96.88% | |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -$91.00K | |
| YoY Change | 111.63% | |
| NET CHANGE | ||
| Cash From Operating Activities | $132.0K | |
| Cash From Investing Activities | -$1.000K | |
| Cash From Financing Activities | -$91.00K | |
| Net Change In Cash | $40.00K | |
| YoY Change | -58.76% | |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $132.0K | |
| Capital Expenditures | $1.000K | |
| Free Cash Flow | $131.0K | |
| YoY Change | -6.43% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2024Q3 | us-gaap |
Unsecured Debt
UnsecuredDebt
|
0 | usd |
| CY2024Q3 | us-gaap |
Lines Of Credit Current
LinesOfCreditCurrent
|
1054000 | usd |
| CY2024Q2 | us-gaap |
Lines Of Credit Current
LinesOfCreditCurrent
|
1044000 | usd |
| CY2024Q3 | us-gaap |
Unsecured Debt Current
UnsecuredDebtCurrent
|
300000 | usd |
| CY2024Q2 | us-gaap |
Unsecured Debt Current
UnsecuredDebtCurrent
|
200000 | usd |
| CY2024Q2 | us-gaap |
Other Notes Payable Current
OtherNotesPayableCurrent
|
371000 | usd |
| CY2024Q3 | us-gaap |
Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
|
21000 | usd |
| CY2024Q2 | us-gaap |
Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
|
24000 | usd |
| CY2024Q3 | us-gaap |
Unsecured Long Term Debt
UnsecuredLongTermDebt
|
100000 | usd |
| CY2024Q2 | us-gaap |
Unsecured Long Term Debt
UnsecuredLongTermDebt
|
200000 | usd |
| CY2024Q3 | us-gaap |
Other Notes Payable
OtherNotesPayable
|
349000 | usd |
| CY2024Q2 | us-gaap |
Other Notes Payable
OtherNotesPayable
|
452000 | usd |
| CY2024Q3 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
85000 | usd |
| CY2024Q3 | luvu |
Notes Payable Related Party Noncurrent
NotesPayableRelatedPartyNoncurrent
|
116000 | usd |
| CY2024Q2 | luvu |
Notes Payable Related Party Noncurrent
NotesPayableRelatedPartyNoncurrent
|
116000 | usd |
| CY2024Q3 | luvu |
Notes Payable Longtermunsecured Related Party Noncurrent
NotesPayableLongtermunsecuredRelatedPartyNoncurrent
|
0 | usd |
| CY2024Q2 | luvu |
Notes Payable Longtermunsecured Related Party Noncurrent
NotesPayableLongtermunsecuredRelatedPartyNoncurrent
|
116000 | usd |
| CY2024Q2 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
76547672 | shares |
| CY2024Q3 | luvu |
Consolidated Sales Percentage
ConsolidatedSalesPercentage
|
0.10 | pure |
| CY2024Q3 | us-gaap |
Revenue Recognition Deferred Revenue
RevenueRecognitionDeferredRevenue
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">Deferred revenues are recorded when the Company has received consideration (i.e. advance payment) before satisfying its performance obligations. Deferred revenues primarily relate to gift cards purchased, but not used, prior to the end of the fiscal period. </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">The Company’s total deferred revenue as of September 30, 2024 was $20,029 and was included in “Other accrued liabilities” on the Company’s consolidated balance sheets. The deferred revenue balance as of June 30, 2024 was $19,454. </p> | |
| CY2024Q3 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
20029 | usd |
| CY2024Q2 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
19454 | usd |
| CY2024Q3 | us-gaap |
Accounts Receivable Gross
AccountsReceivableGross
|
1208000 | usd |
| CY2024Q2 | us-gaap |
Accounts Receivable Gross
AccountsReceivableGross
|
1072000 | usd |
| CY2024Q3 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
10000 | usd |
| CY2024Q2 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
11000 | usd |
| CY2024Q2 | luvu |
Allowance For Discounts And Returns
AllowanceForDiscountsAndReturns
|
0 | usd |
| CY2024Q3 | us-gaap |
Accounts Receivable Net
AccountsReceivableNet
|
1198000 | usd |
| CY2024Q2 | us-gaap |
Accounts Receivable Net
AccountsReceivableNet
|
1061000 | usd |
| CY2024Q3 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">The Company maintains its cash accounts with banks located in Georgia. The Federal Deposit Insurance Corporation (“FDIC”) insures the total cash balances up to $250,000 per bank. On September 30, 2024, the Company had bank balances on deposit that exceeded the balance insured by the FDIC by $817,862. 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:justify;"> </p><p style="font-size:10pt;font-family:times new roman;margin:0px;text-indent:0.5in">During the three months ended September 30, 2024, the Company purchased 16% 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:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">During the three months ended September 30, 2023, the Company purchased 35% 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:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">As of September 30, 2024, two of the Company’s customers represents 57% and 8% of the total accounts receivables, respectively. As of June 30, 2024, two of the Company’s customers represents 43% and 17% of the total accounts receivables, respectively. For the three months ended September 30, 2024 and September 30, 2023, sales to and through Amazon accounted for 38% and 37%, respectively, of the Company’s net sales.</p> | |
| CY2023Q3 | us-gaap |
Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
|
32722 | usd |
| CY2020Q4 | luvu |
Rental Abatement
RentalAbatement
|
103230 | usd |
| CY2020Q4 | us-gaap |
Capital Leases Contingent Rental Payments Due
CapitalLeasesContingentRentalPaymentsDue
|
51615 | usd |
| CY2024Q3 | luvu |
Annual Escalations In Rent
AnnualEscalationsInRent
|
0.03 | pure |
| CY2020Q4 | luvu |
Final Two Months Rent
FinalTwoMonthsRent
|
61605 | usd |
| CY2024Q3 | us-gaap |
Property Management Fee Percent Fee
PropertyManagementFeePercentFee
|
0.02 | pure |
| CY2024Q3 | us-gaap |
Payments For Rent
PaymentsForRent
|
163188 | usd |
| CY2023Q3 | us-gaap |
Payments For Rent
PaymentsForRent
|
163188 | usd |
| CY2023Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
5650000 | shares |
| CY2024Q3 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
1317000 | usd |
| CY2024Q2 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
1396000 | usd |
| CY2024Q3 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
419000 | usd |
| CY2024Q2 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
460000 | usd |
| CY2024Q3 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
1482000 | usd |
| CY2024Q2 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
1645000 | usd |
| CY2024Q2 | us-gaap |
Inventory Gross
InventoryGross
|
3501000 | usd |
| CY2024Q2 | luvu |
Allowance For Excess And Obsolete Inventory
AllowanceForExcessAndObsoleteInventory
|
-214000 | usd |
| CY2024Q3 | us-gaap |
Inventory Net
InventoryNet
|
3004000 | usd |
| CY2024Q2 | us-gaap |
Inventory Net
InventoryNet
|
3287000 | usd |
| CY2024Q3 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
5865000 | usd |
| CY2024Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
5863000 | usd |
| CY2024Q3 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
4000000 | usd |
| CY2024Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
3890000 | usd |
| CY2024Q3 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
109221 | usd |
| CY2023Q3 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
99222 | usd |
| CY2024Q3 | us-gaap |
Accrued Salaries Current
AccruedSalariesCurrent
|
524000 | usd |
| CY2024Q2 | us-gaap |
Accrued Salaries Current
AccruedSalariesCurrent
|
342000 | usd |
| CY2024Q3 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
162000 | usd |
| CY2024Q2 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
166000 | usd |
| CY2024Q3 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
686000 | usd |
| CY2024Q2 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
508000 | usd |
| CY2024Q2 | us-gaap |
Unsecured Debt
UnsecuredDebt
|
0 | usd |
| CY2024Q3 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
116000 | usd |
| CY2024Q2 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
0 | usd |
| CY2024Q3 | us-gaap |
Debt Current
DebtCurrent
|
1871000 | usd |
| CY2024Q2 | us-gaap |
Debt Current
DebtCurrent
|
1639000 | usd |
| CY2024Q2 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
87000 | usd |
| CY2024Q3 | luvu |
Notes Payable Related Party
NotesPayableRelatedParty
|
0 | usd |
| CY2024Q2 | luvu |
Notes Payable Related Party
NotesPayableRelatedParty
|
116000 | usd |
| CY2024Q3 | luvu |
Long Term Debt Aggregate
LongTermDebtAggregate
|
534000 | usd |
| CY2024Q2 | luvu |
Long Term Debt Aggregate
LongTermDebtAggregate
|
855000 | usd |
| CY2024Q3 | us-gaap |
Notes Payable Current
NotesPayableCurrent
|
300000 | usd |
| CY2024Q2 | us-gaap |
Notes Payable Current
NotesPayableCurrent
|
200000 | usd |
| CY2024Q3 | us-gaap |
Unsecured Long Term Debt
UnsecuredLongTermDebt
|
100000 | usd |
| CY2024Q2 | us-gaap |
Unsecured Long Term Debt
UnsecuredLongTermDebt
|
200000 | usd |
| CY2024Q3 | us-gaap |
Notes Payable
NotesPayable
|
400000 | usd |
| CY2024Q2 | us-gaap |
Notes Payable
NotesPayable
|
400000 | usd |
| CY2024Q3 | luvu |
Debt Current Portion
DebtCurrentPortion
|
116000 | usd |
| CY2024Q2 | luvu |
Debt Current Portion
DebtCurrentPortion
|
0 | usd |
| CY2024Q3 | 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 | |
| CY2024Q3 | us-gaap |
Line Of Credit Facility Commitment Fee Percentage
LineOfCreditFacilityCommitmentFeePercentage
|
1.25 | pure |
| CY2024Q3 | us-gaap |
Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
|
0.02 | pure |
| CY2024Q3 | luvu |
Operating Lease Weighted Average Remaining Lease Term
OperatingLeaseWeightedAverageRemainingLeaseTerm
|
P2Y4M24D | |
| CY2024Q3 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.1449 | pure |
| CY2024Q3 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
52992 | usd |
| CY2023 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
54484 | usd |
| CY2024Q3 | luvu |
Schedule Of Supplemental Balance Sheet Information Related To Operating Leases Liabilities Table Text B Lock
ScheduleOfSupplementalBalanceSheetInformationRelatedToOperatingLeasesLiabilitiesTableTextBLock
|
<table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;margin-left:auto;margin-right:auto;width:85%"><tbody><tr style="height:15px"><td style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;"><p style="font-size:10pt;font-family:times new roman;text-align:justify;margin:0px"><strong>Operating leases</strong></p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="font-size:10pt;font-family:times new roman;text-align:justify;margin:0px"><strong>Balance Sheet Classification</strong></p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;vertical-align:bottom;text-align:center;"><p style="font-size:10pt;font-family:times new roman;text-align:right;margin:0px"><strong>(in thousands)</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="width:42%;vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;text-align:justify;margin:0px">Right-of-use assets</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:45%;"><p style="font-size:10pt;font-family:times new roman;text-align:justify;margin:0px">Operating lease right-of-use assets, net</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">1,410</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;text-align:justify;margin:0px">Current lease liabilities</p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="font-size:10pt;font-family:times new roman;text-align:justify;margin:0px">Operating lease liabilities</p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="vertical-align:bottom;text-align:right;">555</td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;text-align:justify;margin:0px">Non-current lease liabilities</p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td><p style="font-size:10pt;font-family:times new roman;text-align:justify;margin:0px">Long-term operating lease liabilities</p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="vertical-align:bottom;text-align:right;">984</td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;text-align:justify;margin:0px">Total lease liabilities</p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="vertical-align:bottom;text-align:right;">1,539</td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr></tbody></table> | |
| CY2024Q3 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
1410000 | usd |
| CY2024Q3 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
555000 | usd |
| CY2024Q3 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
984000 | usd |
| CY2024Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
1539000 | usd |
| CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due In Rolling Year Three
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree
|
772000 | usd |
| CY2024Q3 | luvu |
Lessee Operating Lease Liability Payments Due After Rolling Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterRollingYearFour
|
333000 | usd |
| CY2024Q3 | luvu |
Total Undiscounted Lease Payments
TotalUndiscountedLeasePayments
|
1836000 | usd |
| CY2024Q3 | luvu |
Less Present Value Discount
LessPresentValueDiscount
|
-297000 | usd |
| CY2024Q3 | luvu |
Total Lease Liability Balance
TotalLeaseLiabilityBalance
|
1539000 | usd |
| CY2024Q3 | luvu |
Equipment Notes Payable
EquipmentNotesPayable
|
2451838 | usd |
| CY2024Q3 | luvu |
Minimum Note Payable Payments
MinimumNotePayablePayments
|
728000 | usd |
| CY2024Q3 | us-gaap |
Other Long Term Notes Payable
OtherLongTermNotesPayable
|
348000 | usd |
| CY2024Q1 | us-gaap |
Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
|
24000 | usd |
| CY2024Q1 | us-gaap |
Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
|
29000 | usd |
| CY2024Q1 | us-gaap |
Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
|
26000 | usd |
| CY2024Q1 | us-gaap |
Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
|
25000 | usd |
| CY2024Q1 | us-gaap |
Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
|
22000 | usd |
| CY2024Q1 | us-gaap |
Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
|
126000 | usd |
| CY2024Q1 | luvu |
Amount Representing Interest7
AmountRepresentingInterest7
|
-20000 | usd |
| CY2024Q1 | us-gaap |
Contractual Obligation
ContractualObligation
|
106000 | usd |
| CY2024Q1 | luvu |
Other Note Payable Current3
OtherNotePayableCurrent3
|
-21000 | usd |
| CY2024Q1 | luvu |
Other Notes Payable1
OtherNotesPayable1
|
85000 | usd |
| CY2024Q3 | luvu |
Annual Base Salary
AnnualBaseSalary
|
155000 | usd |
| CY2024Q3 | luvu |
Sharebasedcompensationarrangementbysharebasedpaymentawardoptionsoutstandingnumberbegining Balance
SharebasedcompensationarrangementbysharebasedpaymentawardoptionsoutstandingnumberbeginingBalance
|
1350000 | shares |
| CY2024Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
|
200000 | shares |
| CY2024Q3 | luvu |
Weighted Average Exercise Price Granted
WeightedAverageExercisePriceGranted
|
0.08 | |
| CY2024Q3 | luvu |
Weighted Average Exercise Price Exercised
WeightedAverageExercisePriceExercised
|
0.03 | |
| CY2024Q3 | luvu |
Sharebasedcompensationarrangementbysharebasedpaymentawardoptionsoutstandingnumber Ending Balance
SharebasedcompensationarrangementbysharebasedpaymentawardoptionsoutstandingnumberEndingBalance
|
1250000 | shares |
| CY2024Q3 | luvu |
Weighted Average Remaining Contractual Life Ending
WeightedAverageRemainingContractualLifeEnding
|
P1Y6M | |
| CY2024Q3 | luvu |
Weighted Average Exercise Price Outstanding Ending Balance
WeightedAverageExercisePriceOutstandingEndingBalance
|
0.13 | |
| CY2024Q3 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P2Y | |
| CY2024Q3 | luvu |
Weighted Average Exercise Price Outstanding Exercisable
WeightedAverageExercisePriceOutstandingExercisable
|
0.15 | |
| CY2024Q3 | us-gaap |
Share Price
SharePrice
|
0.07 | |
| CY2024Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
|
200000 | shares |
| CY2024Q3 | us-gaap |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
|
1250000 | shares |
| CY2024Q3 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
|
P2Y10M24D | |
| CY2024Q3 | us-gaap |
Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
|
0.13 | |
| CY2024Q3 | us-gaap |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
|
512500 | shares |
| CY2024Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
0.15 | |
| CY2024Q3 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
9000 | usd |
| CY2023Q3 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
-6000 | usd |
| CY2024Q3 | us-gaap |
Convertible Preferred Stock Shares Issued Upon Conversion
ConvertiblePreferredStockSharesIssuedUponConversion
|
4300000 | shares |
| CY2024Q3 | us-gaap |
Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
|
5550000 | shares |
| CY2024Q3 | us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
178000 | usd |
| CY2023Q3 | us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
148000 | usd |
| CY2024Q3 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-141000 | usd |
| CY2023Q3 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-94000 | usd |
| CY2024Q3 | us-gaap |
Increase Decrease In Operating Assets
IncreaseDecreaseInOperatingAssets
|
-135000 | usd |
| CY2023Q3 | us-gaap |
Increase Decrease In Operating Assets
IncreaseDecreaseInOperatingAssets
|
-93000 | usd |
| CY2024Q3 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
132000 | usd |
| CY2023Q3 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
171000 | usd |
| CY2024Q3 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1000 | usd |
| CY2023Q3 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
32000 | usd |
| CY2024Q3 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001374567 | |
| CY2024Q3 | dei |
Amendment Flag
AmendmentFlag
|
false | |
| CY2024Q3 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--06-30 | |
| CY2024Q3 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q1 | |
| CY2024Q3 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2025 | |
| CY2024Q3 | dei |
Security12g Title
Security12gTitle
|
Common Stock, $.01 par value | |
| CY2024Q2 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
| CY2024Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
5700000 | shares |
| CY2024Q2 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
| CY2024Q3 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
| CY2024Q2 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
| CY2024Q3 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
| CY2024Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
| CY2024Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
175000000 | shares |
| CY2024Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
76834057 | shares |
| CY2024Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
76547672 | shares |
| CY2024Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
|
0 | shares |
| CY2024Q3 | luvu |
Weighted Average Exercise Price Forfeited Expired
WeightedAverageExercisePriceForfeitedExpired
|
0 | |
| CY2024Q3 | luvu |
Shares Of Common Stock Reserved For Issuance Under The2015 Stock Option Plan
SharesOfCommonStockReservedForIssuanceUnderThe2015StockOptionPlan
|
1250000 | shares |
| CY2024Q3 | dei |
Document Type
DocumentType
|
10-Q | |
| CY2024Q3 | dei |
Document Quarterly Report
DocumentQuarterlyReport
|
true | |
| CY2024Q3 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2024-09-30 | |
| CY2024Q3 | dei |
Document Transition Report
DocumentTransitionReport
|
false | |
| CY2024Q3 | dei |
Entity File Number
EntityFileNumber
|
000-53314 | |
| CY2024Q3 | dei |
Entity Registrant Name
EntityRegistrantName
|
Luvu Brands, Inc. | |
| CY2024Q3 | dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
FL | |
| CY2024Q3 | dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
59-3581576 | |
| CY2024Q3 | dei |
Entity Address Address Line1
EntityAddressAddressLine1
|
2745 Bankers Industrial Drive | |
| CY2024Q3 | dei |
Entity Address City Or Town
EntityAddressCityOrTown
|
Atlanta | |
| CY2024Q3 | dei |
Entity Address State Or Province
EntityAddressStateOrProvince
|
GA | |
| CY2024Q3 | dei |
Entity Address Postal Zip Code
EntityAddressPostalZipCode
|
30360 | |
| CY2024Q3 | dei |
City Area Code
CityAreaCode
|
770 | |
| CY2024Q3 | dei |
Local Phone Number
LocalPhoneNumber
|
246-6400 | |
| CY2024Q3 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
| CY2024Q3 | dei |
Entity Interactive Data Current
EntityInteractiveDataCurrent
|
Yes | |
| CY2024Q3 | dei |
Entity Filer Category
EntityFilerCategory
|
Non-accelerated Filer | |
| CY2024Q3 | dei |
Entity Small Business
EntitySmallBusiness
|
true | |
| CY2024Q3 | dei |
Entity Emerging Growth Company
EntityEmergingGrowthCompany
|
false | |
| CY2024Q3 | dei |
Entity Shell Company
EntityShellCompany
|
false | |
| CY2024Q4 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
76834057 | shares |
| CY2024Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1068000 | usd |
| CY2024Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1028000 | usd |
| CY2024Q3 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
10000 | usd |
| CY2024Q2 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
11000 | usd |
| CY2024Q3 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
1198000 | usd |
| CY2024Q2 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
1061000 | usd |
| CY2024Q3 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
214000 | usd |
| CY2024Q2 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
214000 | usd |
| CY2024Q3 | us-gaap |
Inventory Net
InventoryNet
|
3004000 | usd |
| CY2024Q2 | us-gaap |
Inventory Net
InventoryNet
|
3287000 | usd |
| CY2024Q3 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
171000 | usd |
| CY2024Q2 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
141000 | usd |
| CY2024Q3 | us-gaap |
Assets Current
AssetsCurrent
|
5441000 | usd |
| CY2024Q2 | us-gaap |
Assets Current
AssetsCurrent
|
5517000 | usd |
| CY2024Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1762000 | usd |
| CY2024Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1870000 | usd |
| CY2024Q3 | us-gaap |
Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
|
103000 | usd |
| CY2024Q2 | us-gaap |
Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
|
103000 | usd |
| CY2024Q3 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
1410000 | usd |
| CY2024Q2 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
1545000 | usd |
| CY2024Q3 | us-gaap |
Other Assets
OtherAssets
|
96000 | usd |
| CY2024Q2 | us-gaap |
Other Assets
OtherAssets
|
96000 | usd |
| CY2024Q3 | us-gaap |
Assets
Assets
|
8812000 | usd |
| CY2024Q2 | us-gaap |
Assets
Assets
|
9131000 | usd |
| CY2024Q3 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
1435000 | usd |
| CY2024Q2 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
1502000 | usd |
| CY2024Q3 | us-gaap |
Debt Current
DebtCurrent
|
1871000 | usd |
| CY2024Q2 | us-gaap |
Debt Current
DebtCurrent
|
1639000 | usd |
| CY2024Q3 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
686000 | usd |
| CY2024Q2 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
508000 | usd |
| CY2024Q3 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
555000 | usd |
| CY2024Q2 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
528000 | usd |
| CY2024Q3 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
4547000 | usd |
| CY2024Q2 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
4177000 | usd |
| CY2024Q3 | luvu |
Deferred Tax Liabilities Noncurrents
DeferredTaxLiabilitiesNoncurrents
|
119000 | usd |
| CY2024Q2 | luvu |
Deferred Tax Liabilities Noncurrents
DeferredTaxLiabilitiesNoncurrents
|
119000 | usd |
| CY2024Q3 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
534000 | usd |
| CY2024Q2 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
854000 | usd |
| CY2024Q3 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
984000 | usd |
| CY2024Q2 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
1151000 | usd |
| CY2024Q3 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
1637000 | usd |
| CY2024Q2 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
2124000 | usd |
| CY2024Q3 | us-gaap |
Liabilities
Liabilities
|
6183000 | usd |
| CY2024Q2 | us-gaap |
Liabilities
Liabilities
|
6301000 | usd |
| CY2024Q3 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
0 | usd |
| CY2024Q2 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
0 | usd |
| CY2024Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
5700000 | shares |
| CY2024Q3 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
| CY2024Q3 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | usd |
| CY2024Q2 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | usd |
| CY2024Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
| CY2024Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
175000000 | shares |
| CY2024Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
76834057 | shares |
| CY2024Q3 | us-gaap |
Common Stock Value
CommonStockValue
|
766000 | usd |
| CY2024Q2 | us-gaap |
Common Stock Value
CommonStockValue
|
765000 | usd |
| CY2024Q3 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
6261000 | usd |
| CY2024Q2 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
6253000 | usd |
| CY2024Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-4398000 | usd |
| CY2024Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-4188000 | usd |
| CY2024Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2629000 | usd |
| CY2024Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2830000 | usd |
| CY2024Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
8812000 | usd |
| CY2024Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
9131000 | usd |
| CY2024Q3 | us-gaap |
Revenues
Revenues
|
5756000 | usd |
| CY2023Q3 | us-gaap |
Revenues
Revenues
|
6126000 | usd |
| CY2024Q3 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
4239000 | usd |
| CY2023Q3 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
4544000 | usd |
| CY2024Q3 | us-gaap |
Gross Profit
GrossProfit
|
1517000 | usd |
| CY2023Q3 | us-gaap |
Gross Profit
GrossProfit
|
1582000 | usd |
| CY2024Q3 | us-gaap |
Marketing And Advertising Expense
MarketingAndAdvertisingExpense
|
231000 | usd |
| CY2023Q3 | us-gaap |
Marketing And Advertising Expense
MarketingAndAdvertisingExpense
|
269000 | usd |
| CY2024Q3 | us-gaap |
Other Selling And Marketing Expense
OtherSellingAndMarketingExpense
|
414000 | usd |
| CY2023Q3 | us-gaap |
Other Selling And Marketing Expense
OtherSellingAndMarketingExpense
|
427000 | usd |
| CY2024Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
885000 | usd |
| CY2023Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
819000 | usd |
| CY2024Q3 | us-gaap |
Depreciation
Depreciation
|
109000 | usd |
| CY2023Q3 | us-gaap |
Depreciation
Depreciation
|
99000 | usd |
| CY2024Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
1639000 | usd |
| CY2023Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
1614000 | usd |
| CY2024Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-122000 | usd |
| CY2023Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-32000 | usd |
| CY2024Q3 | us-gaap |
Financing Interest Expense
FinancingInterestExpense
|
88000 | usd |
| CY2023Q3 | us-gaap |
Financing Interest Expense
FinancingInterestExpense
|
94000 | usd |
| CY2024Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-210000 | usd |
| CY2023Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-126000 | usd |
| CY2024Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd |
| CY2023Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd |
| CY2024Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-210000 | usd |
| CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-126000 | usd |
| CY2024Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.00 | |
| CY2023Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.00 | |
| CY2024Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.00 | |
| CY2023Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.00 | |
| CY2024Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
76834057 | shares |
| CY2023Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
76547672 | shares |
| CY2024Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
76834057 | shares |
| CY2023Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
76547672 | shares |
| CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
3210000 | usd |
| CY2023Q3 | luvu |
Stock Based Compensation Expense
StockBasedCompensationExpense
|
-6000 | usd |
| CY2023Q3 | luvu |
Stock Option Exercises Amount
StockOptionExercisesAmount
|
0 | usd |
| CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-126000 | usd |
| CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
3078000 | usd |
| CY2024Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2830000 | usd |
| CY2024Q3 | luvu |
Stock Based Compensation Expense
StockBasedCompensationExpense
|
9000 | usd |
| CY2024Q3 | luvu |
Stock Option Exercises Amount
StockOptionExercisesAmount
|
0 | usd |
| CY2024Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-210000 | usd |
| CY2024Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2629000 | usd |
| CY2024Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-210000 | usd |
| CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-126000 | usd |
| CY2024Q3 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
109000 | usd |
| CY2023Q3 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
99000 | usd |
| CY2024Q3 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
9000 | usd |
| CY2023Q3 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
-6000 | usd |
| CY2024Q3 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
0 | usd |
| CY2023Q3 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
2000 | usd |
| CY2024Q3 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
137000 | usd |
| CY2023Q3 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
119000 | usd |
| CY2024Q3 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-283000 | usd |
| CY2023Q3 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-147000 | usd |
| CY2024Q3 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
31000 | usd |
| CY2023Q3 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
36000 | usd |
| CY2024Q3 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-63000 | usd |
| CY2023Q3 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
63000 | usd |
| CY2024Q3 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1000 | usd |
| CY2023Q3 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-32000 | usd |
| CY2024Q3 | us-gaap |
Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
|
10000 | usd |
| CY2023Q3 | us-gaap |
Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
|
63000 | usd |
| CY2024Q3 | us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
1000 | usd |
| CY2023Q3 | us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
3000 | usd |
| CY2024Q3 | us-gaap |
Proceeds From Unsecured Notes Payable
ProceedsFromUnsecuredNotesPayable
|
0 | usd |
| CY2023Q3 | us-gaap |
Proceeds From Unsecured Notes Payable
ProceedsFromUnsecuredNotesPayable
|
200000 | usd |
| CY2024Q3 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
0 | usd |
| CY2023Q3 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
200000 | usd |
| CY2024Q3 | luvu |
Payments On Equipment Notes
PaymentsOnEquipmentNotes
|
94000 | usd |
| CY2023Q3 | luvu |
Payments On Equipment Notes
PaymentsOnEquipmentNotes
|
99000 | usd |
| CY2024Q3 | us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
6000 | usd |
| CY2023Q3 | us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
4000 | usd |
| CY2024Q3 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-91000 | usd |
| CY2023Q3 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-43000 | usd |
| CY2024Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
40000 | usd |
| CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
96000 | usd |
| CY2024Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1028000 | usd |
| CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1041000 | usd |
| CY2024Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1068000 | usd |
| CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1137000 | usd |
| CY2024Q3 | us-gaap |
Interest Paid Net
InterestPaidNet
|
86000 | usd |
| CY2023Q3 | us-gaap |
Interest Paid Net
InterestPaidNet
|
94000 | usd |
| CY2024Q3 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong><span class="atag" id="NOTES" style="display: inline">NOTE 1. ORGANIZATION AND NATURE OF BUSINESS</span></strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">Luvu Brands, Inc. (the “Company” or “Luvu”) was incorporated in the State of Florida on February 25, 1999. References to the Company in these notes include the Company and its wholly owned subsidiaries, OneUp Innovations, Inc. (“OneUp”), and Foam Labs, Inc. (“Foam Labs”). All operations of the Company are currently conducted by OneUp.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">The Company is an Atlanta, Georgia based designer, manufacturer and marketer of a portfolio of consumer lifestyle brands including: Liberator<sup style="vertical-align:super">®</sup>, a brand category of iconic products for enhancing sexual performance; Avana<sup style="vertical-align:super">®</sup>, Top-of-Bed Comfort products and inclined bed therapy products, assistive in relieving medical conditions associated with acid reflux, surgery recovery, and chronic pain; and Jaxx<sup style="vertical-align:super">®</sup>, a diverse range of casual fashion daybeds, sofas and beanbags made from polyurethane foam and repurposed polyurethane foam trim. These products are sold through the Company’s websites, online mass merchants and retail stores worldwide. Many of the Company’s products are offered flat-packed and either roll or vacuum compressed to save on shipping and reduce the Company’s carbon footprint.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">Sales are generated through internet and print advertisements and social marketing. The Company has a diversified customer base with only one customer accounting for 10% or more of consolidated net sales in the current and prior fiscal year and no particular concentration of credit risk in one economic sector.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">The accompanying unaudited consolidated financial statements of the Company and all of its wholly-owned subsidiaries included herein have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission (the "SEC"). Certain information and footnote disclosures normally included in consolidated financial statements prepared in accordance with generally accepted accounting principles of the United States of America ("GAAP") have been or omitted pursuant to applicable rules and regulations. In the opinion of management, all normal recurring adjustments considered necessary for fair presentation have been included. The year-end balance sheet data were derived from audited consolidated financial statements but do not include all disclosures required by GAAP. The results of operations for the three months ended September 30, 2024 are not necessarily indicative of the results to be expected for the entire fiscal year. These consolidated financial statements should be read in conjunction with the consolidated financial statements and the notes thereto included in the Annual Report on Form 10-K for the fiscal year ended June 30, 2024 as filed with the Securities and Exchange Commission (the “SEC”) on September 30, 2024 (the “2024 10-K”).</p> | |
| CY2024Q3 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 45px; text-align:justify;">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> | |
| CY2024Q3 | luvu |
Allowance For Discounts And Returns
AllowanceForDiscountsAndReturns
|
0 | usd |
| CY2024Q3 | us-gaap |
Cash
Cash
|
250000 | usd |
| CY2024Q3 | luvu |
Fdic Balance Limit Excess
FdicBalanceLimitExcess
|
817862 | usd |
| CY2024Q3 | us-gaap |
Prepaid Advertising
PrepaidAdvertising
|
338 | usd |
| CY2024Q2 | us-gaap |
Prepaid Advertising
PrepaidAdvertising
|
836 | usd |
| CY2024Q3 | us-gaap |
Advertising Expense
AdvertisingExpense
|
231131 | usd |
| CY2023Q3 | us-gaap |
Advertising Expense
AdvertisingExpense
|
268544 | usd |
| CY2024Q3 | us-gaap |
Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
|
42594 | usd |
| CY2024Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
5550000 | shares |
| CY2024Q3 | us-gaap |
Inventory Gross
InventoryGross
|
3218000 | usd |
| CY2024Q3 | luvu |
Allowance For Excess And Obsolete Inventory
AllowanceForExcessAndObsoleteInventory
|
-214000 | usd |
| CY2024Q3 | us-gaap |
Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
|
1865000 | usd |
| CY2024Q2 | us-gaap |
Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
|
1973000 | usd |
| CY2024Q3 | us-gaap |
Other Notes Payable Current
OtherNotesPayableCurrent
|
380000 | usd |
| CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due In Rolling Year Two
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo
|
545000 | usd |
| CY2024Q3 | us-gaap |
Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
|
380000 | usd |
| CY2024Q3 | us-gaap |
Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
|
236000 | usd |
| CY2024Q3 | us-gaap |
Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
|
93000 | usd |
| CY2024Q3 | us-gaap |
Contractual Obligation Due In Fourth Year
ContractualObligationDueInFourthYear
|
19000 | usd |
| CY2024Q3 | luvu |
Less Current Portion
LessCurrentPortion
|
380000 | usd |
| CY2024Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
|
1700000 | shares |
| CY2024Q3 | luvu |
Number Of Shares Available For Issuance Under Plan
NumberOfSharesAvailableForIssuanceUnderPlan
|
450000 | shares |
| CY2024Q3 | luvu |
Weighted Average Remaining Contractual Life Beginning Balance
WeightedAverageRemainingContractualLifeBeginningBalance
|
P3Y | |
| CY2024Q3 | luvu |
Weighted Average Exercise Price Outstanding Begining Balance
WeightedAverageExercisePriceOutstandingBeginingBalance
|
0.12 | |
| CY2024Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
21000 | usd |
| CY2024Q3 | luvu |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercised In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisedInPeriod
|
300000 | shares |
| CY2024Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
|
15000 | usd |
| CY2024Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
5000 | usd |
| CY2024Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
512500 | shares |
| CY2024Q3 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
|
5000 | usd |
| CY2024Q3 | luvu |
Stock Issued During Period Share Stocks Options Exercised
StockIssuedDuringPeriodShareStocksOptionsExercised
|
300000 | shares |
| CY2024Q3 | luvu |
Descriptionof Cashless Exercise
DescriptionofCashlessExercise
|
The 300,000 options exercised were a cashless exercise which resulted in a net exercise amount of 286,385 stock option during the three months ended September 30, 2024 | |
| CY2023 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
|
200000 | shares |
| CY2024Q3 | luvu |
Unrecognized Compensation Cost
UnrecognizedCompensationCost
|
72614 | usd |
| CY2024Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
175000000 | shares |
