$LVO
LiveOne, Inc.

2014 Q1 Form 10-Q Financial Statement

#000114420414015093 Filed on March 12, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q2 2013 Q1
Revenue $0.00 $1.629M $0.00
YoY Change
Cost Of Revenue $252.4K
YoY Change
Gross Profit $1.376M
YoY Change
Gross Profit Margin 84.5%
Selling, General & Admin $638.0K
YoY Change
% of Gross Profit 46.36%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $47.83K
YoY Change
% of Gross Profit 3.48%
Operating Expenses $854.7K $1.132M $470.3K
YoY Change 81.74%
Operating Profit -$854.7K $244.6K -$470.3K
YoY Change 81.74%
Interest Expense $7.562K $0.00 $4.537K
YoY Change 66.67%
% of Operating Profit 0.0%
Other Income/Expense, Net -$7.562K $0.00 -$4.537K
YoY Change 66.67%
Pretax Income -$862.3K $244.6K -$474.9K
YoY Change 81.59%
Income Tax $0.00 $61.93K $0.00
% Of Pretax Income 25.32%
Net Earnings -$862.3K $91.32K -$474.9K
YoY Change 81.59%
Net Earnings / Revenue 5.61%
Basic Earnings Per Share
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding 8.895M shares 6.755M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q1 2013 Q2 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $67.25K
Prepaid Expenses
Receivables $148.5K
Other Receivables
Total Short-Term Assets $1.550M $65.90K
YoY Change -39.93%
LONG-TERM ASSETS
Property, Plant & Equipment $1.163M $4.486K
YoY Change -20.77%
Goodwill
YoY Change
Intangibles $11.54K
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $1.174M $4.486K
YoY Change -20.77%
TOTAL ASSETS
Total Short-Term Assets $1.550M $65.90K
Total Long-Term Assets $1.174M $4.486K
Total Assets $2.724M $70.38K
YoY Change -38.99%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $574.8K $72.04K
YoY Change 540.81%
Accrued Expenses $0.00 $17.41K
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.180M $424.6K
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $1.267M $527.8K
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $1.180M $424.6K
Total Long-Term Liabilities $1.267M $527.8K
Total Liabilities $2.448M $952.4K
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings $160.0K
YoY Change
Common Stock $3.216M $1.392M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $138.2K -$882.0K
YoY Change
Total Liabilities & Shareholders Equity $2.724M $70.38K
YoY Change

Cashflow Statement

Concept 2014 Q1 2013 Q2 2013 Q1
OPERATING ACTIVITIES
Net Income -$862.3K $91.32K -$474.9K
YoY Change 81.59%
Depreciation, Depletion And Amortization $47.83K
YoY Change
Cash From Operating Activities
YoY Change
INVESTING ACTIVITIES
Capital Expenditures $4.862K
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures $4.862K
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-11424 USD
CY2013Q2 us-gaap Prepaid Expense And Other Assets Current
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3939 USD
CY2014Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
285868 USD
CY2014Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
38675 USD
CY2014Q1 us-gaap Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
500000 USD
CY2014Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
42 USD
CY2014Q1 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
11776 USD
CY2014Q1 us-gaap Liabilities
Liabilities
1614145 USD
CY2014Q1 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2014Q1 us-gaap Common Stock Value
CommonStockValue
7847 USD
CY2014Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
3186568 USD
CY2014Q1 us-gaap Development Stage Enterprise Deficit Accumulated During Development Stage
DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage
4147982 USD
CY2014Q1 us-gaap Stockholders Equity
StockholdersEquity
-953567 USD
CY2014Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
660578 USD
us-gaap Fiscal Period
FiscalPeriod
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><i><u><font style="FONT-SIZE: 10pt">Fiscal Year End</font></u></i></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">The Company elected April 30th as its fiscal year ending date.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
us-gaap Use Of Estimates
UseOfEstimates
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><i><u><font style="FONT-SIZE: 10pt">Use of Estimates and Assumptions and Critical Accounting Estimates and Assumptions</font></u></i></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><i><font style="FONT-SIZE: 10pt"><font style="TEXT-DECORATION: none">&#160;</font></font></i></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date(s) of the financial statements and the reported amounts of revenues and expenses during the reporting period(s).</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">Critical accounting estimates are estimates for which (a) the nature of the estimate is material due to the levels of subjectivity and judgment necessary to account for highly uncertain matters or the susceptibility of such matters to change and (b) the impact of the estimate on financial condition or operating performance is material. The Company&#8217;s critical accounting estimates and assumptions affecting the financial statements were:</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"> <table style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; TABLE-LAYOUT: fixed; FONT-SIZE: 10pt; dtth: tableHanging" cellspacing="0" cellpadding="0" width="100%"> <tr style="PADDING-BOTTOM: 0pt; VERTICAL-ALIGN: top; PADDING-TOP: 0in"> <td style="WIDTH: 0.25in; WORD-WRAP: break-word; VERTICAL-ALIGN: top"></td> <td style="WIDTH: 0.25in; WORD-WRAP: break-word; VERTICAL-ALIGN: top"> <div><font style="COLOR: black; FONT-SIZE: 10pt">(i)</font></div> </td> <td style="TEXT-ALIGN: justify; WORD-WRAP: break-word; VERTICAL-ALIGN: top"> <div><i><font style="FONT-SIZE: 10pt">Assumption as a going concern:</font></i> <font style="FONT-SIZE: 10pt">Management assumes that the Company will continue as a going concern, which contemplates continuity of operations, realization of assets, and liquidation of liabilities in the normal course of business;</font></div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; TABLE-LAYOUT: fixed; FONT-SIZE: 10pt; dtth: tableHanging" cellspacing="0" cellpadding="0" width="100%"> <tr style="PADDING-BOTTOM: 0pt; VERTICAL-ALIGN: top; PADDING-TOP: 0in"> <td style="WIDTH: 0.25in; WORD-WRAP: break-word; VERTICAL-ALIGN: top"></td> <td style="WIDTH: 0.25in; WORD-WRAP: break-word; VERTICAL-ALIGN: top"> <div><font style="COLOR: black; FONT-SIZE: 10pt">(ii)</font></div> </td> <td style="TEXT-ALIGN: justify; WORD-WRAP: break-word; VERTICAL-ALIGN: top"> <div><i><font style="FONT-SIZE: 10pt">Fair value of long-lived assets:</font></i> <font style="FONT-SIZE: 10pt">Fair value is generally determined using the asset&#8217;s expected future discounted cash flows or market value, if readily determinable.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">&#160;</font> If long-lived assets are determined to be recoverable, but the newly determined remaining estimated useful lives are shorter than originally estimated, the net book values of the long-lived assets are depreciated over the newly determined remaining estimated useful lives. The Company considers the following to be some examples of important indicators that may trigger an impairment review: (i)&#160;significant under-performance or losses of assets relative to expected historical or projected future operating results; (ii)&#160;significant changes in the manner or use of assets or in the Company&#8217;s overall strategy with respect to the manner or use of the acquired assets or changes in the Company&#8217;s overall business strategy; (iii)&#160;significant negative industry or economic trends; (iv)&#160;increased competitive pressures; (v)&#160;a significant decline in the Company&#8217;s stock price for a sustained period of time; and (vi)&#160;regulatory changes.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">&#160;</font> The Company evaluates acquired assets for potential impairment indicators at least annually and more frequently upon the occurrence of such events;</font></div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; TABLE-LAYOUT: fixed; FONT-SIZE: 10pt; dtth: tableHanging" cellspacing="0" cellpadding="0" width="100%"> <tr style="PADDING-BOTTOM: 0pt; VERTICAL-ALIGN: top; PADDING-TOP: 0in"> <td style="WIDTH: 0.25in; WORD-WRAP: break-word; VERTICAL-ALIGN: top"></td> <td style="WIDTH: 0.25in; WORD-WRAP: break-word; VERTICAL-ALIGN: top"> <div><font style="COLOR: black; FONT-SIZE: 10pt">(iii)</font></div> </td> <td style="TEXT-ALIGN: justify; WORD-WRAP: break-word; VERTICAL-ALIGN: top"> <div><i><font style="FONT-SIZE: 10pt">Valuation allowance for deferred tax assets:</font></i> <font style="FONT-SIZE: 10pt"> Management assumes that the realization of the Company&#8217;s net deferred tax assets resulting from its net operating loss (&#8220;NOL&#8221;) carry&#150;forwards for Federal income tax purposes that may be offset against future taxable income was not considered more likely than not and accordingly, the potential tax benefits of the net loss carry-forwards are offset by a full valuation allowance. Management made this assumption based on (a) the Company has incurred recurring losses, (b) general economic conditions, and (c) its ability to raise additional funds to support its daily operations by way of a public or private offering, among other factors;</font></div> </td> </tr> </table> <table style="MARGIN-TOP: 0pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; TABLE-LAYOUT: fixed; FONT-SIZE: 10pt; dtth: tableHanging" cellspacing="0" cellpadding="0" width="100%"> <tr style="PADDING-BOTTOM: 0pt; VERTICAL-ALIGN: top; PADDING-TOP: 0in"> <td style="WIDTH: 0.25in; WORD-WRAP: break-word; VERTICAL-ALIGN: top"></td> <td style="WIDTH: 0.25in; WORD-WRAP: break-word; VERTICAL-ALIGN: top"> <div><font style="COLOR: black; FONT-SIZE: 10pt">(iv)</font></div> </td> <td style="TEXT-ALIGN: justify; WORD-WRAP: break-word; VERTICAL-ALIGN: top"> <div><i><font style="FONT-SIZE: 10pt">Estimates and assumptions used in valuation of equity instruments:</font></i> <font style="FONT-SIZE: 10pt">Management estimates expected term of share options and similar instruments, expected volatility of the Company&#8217;s common shares and the method used to estimate it, expected annual rate of quarterly dividends, and risk free rate(s) to value share options and similar instruments.</font></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">These significant accounting estimates or assumptions bear the risk of change due to the fact that there are uncertainties attached to these estimates or assumptions, and certain estimates or assumptions are difficult to measure or value.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">Management bases its estimates on historical experience and on various assumptions that are believed to be reasonable in relation to the financial statements taken as a whole under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">Management regularly evaluates the key factors and assumptions used to develop the estimates utilizing currently available information, changes in facts and circumstances, historical experience and reasonable assumptions. After such evaluations, if deemed appropriate, those estimates are adjusted accordingly.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">Actual results could differ from those estimates.</font></div> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2014Q1 us-gaap Cash
Cash
350158 USD
CY2014Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
154878 USD
CY2014Q1 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
150000 USD
CY2014Q1 us-gaap Assets Current
AssetsCurrent
655036 USD
CY2014Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
8018 USD
CY2014Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2476 USD
CY2014Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5542 USD
CY2014Q1 us-gaap Assets
Assets
660578 USD
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1375000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1125000 shares
ltnr Description Of Nature Of Ownership Change
DescriptionOfNatureOfOwnershipChange
In general terms, an ownership change may result from transactions increasing the ownership of certain stockholders in the stock of a corporation by more than 50 percentage points over a three-year period.
us-gaap Income Tax Examination Likelihood Of Unfavorable Settlement
IncomeTaxExaminationLikelihoodOfUnfavorableSettlement
The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than fifty percent (50%) likelihood of being realized upon ultimate settlement.
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2377 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1108 USD
CY2013Q1 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
100000 USD
CY2013Q3 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
50000 USD
CY2013Q1 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.06 pure
CY2013Q3 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.06 pure
CY2013Q1 us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2015-03-25
CY2013Q3 us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2015-09-17
CY2013Q2 ltnr Impairment Of Notes Receivable
ImpairmentOfNotesReceivable
100000 USD
CY2013Q4 ltnr Impairment Of Notes Receivable
ImpairmentOfNotesReceivable
50000 USD
CY2014Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2013Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2014Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2013Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2014Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2013Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2014Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2013Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2014Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2013Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2014Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
75000000 shares
CY2013Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
75000000 shares
CY2014Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
7847083 shares
CY2013Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
6265000 shares
CY2014Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
7847083 shares
CY2013Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
6265000 shares
ltnr Service Management Costs On Quarterly Basis
ServiceManagementCostsOnQuarterlyBasis
270000 USD
ltnr Service Management Costs On Quarterly Basis
ServiceManagementCostsOnQuarterlyBasis
270000 USD
ltnr Service Management Costs Long Term
ServiceManagementCostsLongTerm
250002 USD
ltnr Service Management Costs Long Term
ServiceManagementCostsLongTerm
250002 USD
ltnr Amortization Of Fair Value Of Warrant Issued
AmortizationOfFairValueOfWarrantIssued
20646 USD
ltnr Amortization Of Fair Value Of Warrant Issued
AmortizationOfFairValueOfWarrantIssued
20646 USD
us-gaap Service Management Costs
ServiceManagementCosts
540648 USD
us-gaap Service Management Costs
ServiceManagementCosts
540648 USD
CY2011Q3 ltnr Service Management Period
ServiceManagementPeriod
P3Y
CY2011Q3 ltnr Service Management Expired Date
ServiceManagementExpiredDate
2014-09-22
CY2011Q3 ltnr Service Management Cost Description
ServiceManagementCostDescription
Under the Management Agreement the Company will compensate Trinad LLC for its services with (i) a fee equal to $2,080,000, with $90,000 payable in advance of each consecutive three-month calendar period during the term of the Agreement and with $1,000,000 due at the end of the three (3) year term unless the Management Agreement is otherwise terminated earlier in accordance with its terms
CY2011Q3 ltnr Warrants Granted Fair Value
WarrantsGrantedFairValue
82575 USD
CY2011Q3 ltnr Amortized Period For Warrants Granted
AmortizedPeriodForWarrantsGranted
P3Y
CY2011Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1125000 shares
CY2011Q3 ltnr Warrants Exercise Price
WarrantsExercisePrice
0.15
CY2011Q3 ltnr Management Services Payment Description
ManagementServicesPaymentDescription
The Company (i)(a) recorded $30,000 per month for the $1,080,000 portion of the management services to be paid on a quarterly basis, accrued (i)(b) $27,778 per month for the $1,000,000 portion of the management services, due at the end of the three (3) year term; and (ii) recorded amortization of $2,294 per month for the fair value of the warrant portion of the management services issued on September 23, 2011 in connection with the Management Agreement, or $60,072 of management services per month in aggregate.
CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1125000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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0 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
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0 shares
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0 shares
us-gaap Stock Issued During Period Shares Stock Options Exercised
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0 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
0 shares
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1125000 shares
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
875000 shares
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
250000 shares
ltnr Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Granted Options Weighted Average Exercise Price1
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeGrantedOptionsWeightedAverageExercisePrice1
0
ltnr Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Forfeiture Options Weighted Average Exercise Price1
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeForfeitureOptionsWeightedAverageExercisePrice1
0
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
0.15
ltnr Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Granted Options Outstanding
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsGrantedOptionsOutstanding
0 USD
ltnr Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Options Forfeiture
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsOptionsForfeiture
0 USD
ltnr Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Options Exercisable Cash Less
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsOptionsExercisableCashLess
0 USD
ltnr Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Options Exercisable
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsOptionsExercisable
0 USD
ltnr Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Cashless Price1
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExerciseCashlessPrice1
0
ltnr Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercised Options Weighted Average Exercise Price1
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisedOptionsWeightedAverageExercisePrice1
0
ltnr Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Expired Options Weighted Average Exercise Price1
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExpiredOptionsWeightedAverageExercisePrice1
0
CY2014Q1 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
0.15
CY2014Q1 ltnr Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Earned And Exercisable Options Weighted Average Exercise Price1
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LOTON, CORP
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0001491419
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