2023 Q1 Form 10-Q Financial Statement

#000121390023011502 Filed on February 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2021 Q4
Revenue $25.55M $27.31M $32.90M
YoY Change 9.03% -16.98% 72.02%
Cost Of Revenue $18.30M $19.36M $27.67M
YoY Change -0.17% -30.02% 89.96%
Gross Profit $7.253M $7.947M $5.229M
YoY Change 42.02% 51.98% 14.7%
Gross Profit Margin 28.39% 29.1% 15.9%
Selling, General & Admin $6.303M $6.143M $11.86M
YoY Change -33.94% -48.19% 50.16%
% of Gross Profit 86.9% 77.3% 226.75%
Research & Development $742.0K $1.035M $913.0K
YoY Change -45.6% 13.36% -53.42%
% of Gross Profit 10.23% 13.02% 17.46%
Depreciation & Amortization $944.0K $1.100M $2.436M
YoY Change -60.57% -54.84% 12.1%
% of Gross Profit 13.02% 13.84% 46.59%
Operating Expenses $8.113M $7.178M $15.20M
YoY Change -38.85% -52.77% 26.07%
Operating Profit -$860.0K -$574.0K -$9.968M
YoY Change -89.46% -94.24% 33.0%
Interest Expense -$1.548M -$2.220M -$1.052M
YoY Change 64.16% 111.03% 5.41%
% of Operating Profit
Other Income/Expense, Net -$1.918M -$1.963M -$811.0K
YoY Change 13600.0% 142.05% 487.68%
Pretax Income -$5.360M -$11.00K -$11.83M
YoY Change -37.81% -99.91% 35.51%
Income Tax $50.00K $2.537M -$40.00K
% Of Pretax Income
Net Earnings -$5.410M -$2.548M -$11.79M
YoY Change -38.76% -78.39% 35.05%
Net Earnings / Revenue -21.18% -9.33% -35.84%
Basic Earnings Per Share -$0.03 -$0.15
Diluted Earnings Per Share -$0.06 -$0.03 -$150.8K
COMMON SHARES
Basic Shares Outstanding 87.10M shares 87.45M shares 78.19M shares
Diluted Shares Outstanding 85.59M shares 78.19M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.409M $8.253M $12.40M
YoY Change -34.78% -33.42% -28.57%
Cash & Equivalents $8.409M $8.253M $12.40M
Short-Term Investments
Other Short-Term Assets $3.063M $2.993M $2.375M
YoY Change 43.94% 26.02% -23.09%
Inventory $2.596M $2.597M $2.897M
Prepaid Expenses
Receivables $13.66M $13.89M $17.87M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $27.73M $27.73M $35.54M
YoY Change -11.44% -21.97% -9.81%
LONG-TERM ASSETS
Property, Plant & Equipment $3.748M $3.677M $5.554M
YoY Change -20.05% -33.8% 31.33%
Goodwill $23.38M $23.38M
YoY Change 0.0%
Intangibles $11.04M $11.28M
YoY Change -34.0%
Long-Term Investments
YoY Change
Other Assets $423.0K $507.0K
YoY Change -41.9%
Total Long-Term Assets $38.16M $38.84M $47.11M
YoY Change -16.16% -17.55% -9.14%
TOTAL ASSETS
Total Short-Term Assets $27.73M $27.73M $35.54M
Total Long-Term Assets $38.16M $38.84M $47.11M
Total Assets $65.89M $66.57M $82.64M
YoY Change -14.23% -19.45% -9.43%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.96M $18.28M $27.20M
YoY Change -63.02% -32.79% 52.61%
Accrued Expenses $24.64M $5.430M $28.83M
YoY Change 58.9% -81.17% 10.57%
Deferred Revenue
YoY Change
Short-Term Debt $4.726M $3.774M $0.00
YoY Change
Long-Term Debt Due $15.00K $15.00K $141.0K
YoY Change 25.0% -89.36% -93.71%
Total Short-Term Liabilities $44.48M $47.42M $57.87M
YoY Change -26.01% -18.06% 21.7%
LONG-TERM LIABILITIES
Long-Term Debt $7.148M $26.45M $26.77M
YoY Change -73.17% -1.19% 28.29%
Other Long-Term Liabilities $10.12M $4.674M $714.0K
YoY Change 1475.55% 554.62% -90.21%
Total Long-Term Liabilities $17.26M $31.12M $27.48M
YoY Change -36.73% 13.25% -2.41%
TOTAL LIABILITIES
Total Short-Term Liabilities $44.48M $47.42M $57.87M
Total Long-Term Liabilities $17.26M $31.12M $27.48M
Total Liabilities $62.07M $78.88M $85.49M
YoY Change -29.25% -7.73% 12.75%
SHAREHOLDERS EQUITY
Retained Earnings -$224.3M -$218.5M
YoY Change 4.87%
Common Stock $90.00K $88.00K
YoY Change 8.43%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.162M $1.938M
YoY Change
Treasury Stock Shares
Shareholders Equity $3.814M -$12.31M -$2.845M
YoY Change
Total Liabilities & Shareholders Equity $65.89M $66.57M $82.64M
YoY Change -14.23% -19.45% -9.43%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2021 Q4
OPERATING ACTIVITIES
Net Income -$5.410M -$2.548M -$11.79M
YoY Change -38.76% -78.39% 35.05%
Depreciation, Depletion And Amortization $944.0K $1.100M $2.436M
YoY Change -60.57% -54.84% 12.1%
Cash From Operating Activities $781.0K $2.173M -$3.245M
YoY Change -29.19% -166.96% -22.48%
INVESTING ACTIVITIES
Capital Expenditures $401.0K $771.0K -$930.0K
YoY Change -146.79% -182.9% 29.35%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 -$150.0K
YoY Change -100.0% -113.25%
Cash From Investing Activities -$401.0K -$771.0K -$1.080M
YoY Change -53.21% -28.61% -361.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $270.0K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -224.0K -300.0K 243.0K
YoY Change -188.89% -223.46% -36.39%
NET CHANGE
Cash From Operating Activities 781.0K 2.173M -3.245M
Cash From Investing Activities -401.0K -771.0K -1.080M
Cash From Financing Activities -224.0K -300.0K 243.0K
Net Change In Cash 156.0K 1.102M -4.082M
YoY Change -68.67% -127.0% 20.38%
FREE CASH FLOW
Cash From Operating Activities $781.0K $2.173M -$3.245M
Capital Expenditures $401.0K $771.0K -$930.0K
Free Cash Flow $380.0K $1.402M -$2.315M
YoY Change -80.61% -160.56% -33.23%

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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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18770000 usd
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8493000 usd
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lvo Fair Value Of Options Issued To Employees Capitalized As Internallydeveloped Software
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148000 usd
lvo Shares Of Common Stock Issuable In Connection With The Settlement Of Accrued Expenses
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lvo Shares Of Common Stock Issuable In Connection With The Settlement Of Accrued Expenses
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945000 usd
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lvo Shares Of Common Stock Issuable In Connection With The Modification Of Debt Instruments
SharesOfCommonStockIssuableInConnectionWithTheModificationOfDebtInstruments
1000000 shares
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1142000 usd
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Sharesofcommonstockissuableinconnectionwiththemodificationofdebtinstruments
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lvo Sharesofcommonstockissuableinconnectionwiththemodificationofdebtinstruments
Sharesofcommonstockissuableinconnectionwiththemodificationofdebtinstruments
414137 shares
lvo Fair Value Of Shares Of Common Stock Issuable In Connection With The Modification Of Debt
FairValueOfSharesOfCommonStockIssuableInConnectionWithTheModificationOfDebt
493000 usd
lvo Fair Value Of Shares Of Common Stock Issued
FairValueOfSharesOfCommonStockIssued
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lvo Fair Value Of Shares Of Common Stock Issued
FairValueOfSharesOfCommonStockIssued
60000 shares
lvo Fair Value Of Common Stock Issued In Connection With Secured Convertible Notes
FairValueOfCommonStockIssuedInConnectionWithSecuredConvertibleNotes
320000 usd
lvo Fair Value Of Shares Of Common Stock Issued Upon Conversion Of Unsecured Convertib
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3045000 usd
lvo Fair Value Of Of Common Stock Issued In Connection With Unsecured Convertible N
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122000 usd
lvo Shares Of Common Stock Issued Upon Conversion Of Unsecured Convertible Note
SharesOfCommonStockIssuedUponConversionOfUnsecuredConvertibleNote
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lvo Forgiveness Of Ppp Loan
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2511000 usd
lvo Fair Value Of Warrant And Derivative Liability Issued With Debt Instruments
FairValueOfWarrantAndDerivativeLiabilityIssuedWithDebtInstruments
3107000 usd
lvo Advertising Barter Transactions Advertising Barter Cost
AdvertisingBarterTransactionsAdvertisingBarterCost
3100000 usd
lvo Fair Value Of Shares Issued In Connection With Cps Acquisition
FairValueOfSharesIssuedInConnectionWithCPSAcquisition
2127000 usd
lvo Shares Of Common Stock Issued In Connection With The Gramophone Acquisition
SharesOfCommonStockIssuedInConnectionWithTheGramophoneAcquisition
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lvo Shares Of Common Stock Issued In Connection With The Gramophone Acquisition
SharesOfCommonStockIssuedInConnectionWithTheGramophoneAcquisition
79365 shares
lvo Fair Value Of Shares Of Common Stock Issued In Connection With The Gramophone Acquisition
FairValueOfSharesOfCommonStockIssuedInConnectionWithTheGramophoneAcquisition
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lvo Fair Value Of Unsecured Convertible Note Premium
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us-gaap Proceeds From Issuance Or Sale Of Equity
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i><span style="text-decoration:underline">Use of Estimates</span></i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The preparation of the Company’s condensed consolidated financial statements in conformity with GAAP requires the Company’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. Significant items subject to such estimates and assumptions include revenue, allowance for doubtful accounts, inventory calculations and reserves, the assigned value of acquired assets and assumed and contingent liabilities associated with business combinations and the related purchase price allocation, useful lives and impairment of property and equipment, intangible assets, goodwill and other assets, the fair value of the Company’s equity-based compensation awards and convertible debt and debt instruments, fair values of derivatives, and contingencies. Actual results could differ materially from those estimates. On an ongoing basis, the Company evaluates its estimates compared to historical experience and trends, which form the basis for making judgments about the carrying value of assets and liabilities. Given the overall uncertainty surrounding the COVID-19 pandemic, there is a reasonable possibility that actual results could differ from those estimates and such differences could be material to the financial position and results of operations, specifically in assessing when the collectability of revenue related consideration is probable, and the impairment assessment of goodwill, indefinite lived assets or long-lived assets that are depreciated or amortized.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022Q4 lvo Advertising Barter Transactions Advertising Barter Cost
AdvertisingBarterTransactionsAdvertisingBarterCost
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lvo Advertising Barter Transactions Advertising Barter Cost
AdvertisingBarterTransactionsAdvertisingBarterCost
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Period Increase Decrease
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingPeriodIncreaseDecrease
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AllowanceForDoubtfulAccountsReceivable
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CY2021Q4 lvo Fair Value Input Discount For Lack Of Marketability
FairValueInputDiscountForLackOfMarketability
0.25 pure
CY2021Q4 us-gaap Assets Fair Value Disclosure
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200000 usd
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><i><span style="text-decoration:underline">Concentration of Credit Risk</span></i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Company maintains cash balances at commercial banks. Cash balances commonly exceed the $250,000 amount insured by the Federal Deposit Insurance Corporation. The Company has not experienced any losses in such accounts, and management believes that the Company is not exposed to any significant credit risk with respect to such cash and cash equivalents.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022Q4 us-gaap Cash Fdic Insured Amount
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SubscriptionServicesRevenues
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lvo Subscription Services Revenues
SubscriptionServicesRevenues
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lvo Subscription Services Revenues
SubscriptionServicesRevenues
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lvo Advertising
Advertising
26138000 usd
lvo Advertising
Advertising
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CY2022Q4 lvo Merchandise
Merchandise
4825000 usd
CY2021Q4 lvo Merchandise
Merchandise
6442000 usd
lvo Merchandise
Merchandise
8507000 usd
lvo Merchandise
Merchandise
13058000 usd
CY2022Q4 lvo Sponsorship And Licensing
SponsorshipAndLicensing
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CY2021Q4 lvo Sponsorship And Licensing
SponsorshipAndLicensing
1194000 usd
lvo Sponsorship And Licensing
SponsorshipAndLicensing
389000 usd
lvo Sponsorship And Licensing
SponsorshipAndLicensing
6498000 usd
CY2022Q4 lvo Ticketevent
Ticketevent
556000 usd
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Ticketevent
6020000 usd
lvo Ticketevent
Ticketevent
803000 usd
lvo Ticketevent
Ticketevent
19084000 usd
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27309000 usd
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us-gaap Regulated Operating Revenue Steam
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us-gaap Regulated Operating Revenue Steam
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us-gaap Contract With Customer Liability Revenue Recognized
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338000 usd
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ContractWithCustomerLiability
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CommonStockFairValue
100000 usd
CY2021Q4 lvo Business Combination Cash Consideration
BusinessCombinationCashConsideration
200000 usd
lvo Market Price Of Common Stock Description
MarketPriceOfCommonStockDescription
If, during the period commencing after May 7, 2020 and ending on July 1, 2022, for five consecutive trading days the closing market price of the Company’s common stock exceeds $5.00 per share, an additional aggregate payment of $3.0 million in cash shall be paid to the sellers of PodcastOne in accordance with their respective pro rata percentage within five business days of the second anniversary of the closing date (July 1, 2022).
CY2020Q3 lvo Contingent Fair Value
ContingentFairValue
1100000 usd
CY2020Q3 lvo Fair Value Of Credit Yield Percentage
FairValueOfCreditYieldPercentage
0.219 pure
CY2021Q1 lvo Common Stock Exceed
CommonStockExceed
5
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lvo Cash And Issued Accounting Amount
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400000 usd
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax
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4200000 usd
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PremiumsReceivableAllowanceForDoubtfulAccounts
200000 usd
CY2020Q4 lvo Fair Value Input Discount For Lack Of Marketability
FairValueInputDiscountForLackOfMarketability
0.25 pure
us-gaap Business Combination Bargain Purchase Gain Recognized Amount
BusinessCombinationBargainPurchaseGainRecognizedAmount
600000 usd
CY2021Q3 lvo Restricted Common Stock
RestrictedCommonStock
214475 shares
CY2021Q4 us-gaap Business Acquisitions Pro Forma Revenue
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33001000 usd
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CY2021Q4 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
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us-gaap Business Acquisitions Pro Forma Revenue
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34757000 usd
us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
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-0.45
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100000 usd
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us-gaap Finitelived Intangible Assets Acquired1
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4100000 usd
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21748000 usd
CY2022Q1 us-gaap Property Plant And Equipment Gross
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20040000 usd
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AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
18071000 usd
CY2022Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
15352000 usd
CY2022Q4 us-gaap Property Plant And Equipment Other Net
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3677000 usd
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CY2022Q4 us-gaap Depreciation
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us-gaap Depreciation
Depreciation
2900000 usd
CY2021Q4 us-gaap Depreciation
Depreciation
900000 usd
us-gaap Depreciation
Depreciation
2700000 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
100000 usd
CY2022Q1 us-gaap Goodwill Gross
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GoodwillGross
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CY2022Q1 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
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CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
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CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
29780000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
6642000 usd
CY2022Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
38394000 usd
CY2022Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
26311000 usd
CY2022Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
12083000 usd
CY2021Q4 us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
1500000 usd
CY2022Q1 lvo Notes Payable One
NotesPayableOne
160000 usd
us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
4600000 usd
us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
1400000 usd
CY2022Q4 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
1400000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
246000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
985000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
985000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
977000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
842000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
2607000 usd
CY2023Q1 lvo Goodwilland Intangible Assets
GoodwillandIntangibleAssets
6642000 usd
CY2022Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
18278000 usd
CY2022Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
29640000 usd
CY2022Q4 us-gaap Accrued Fees And Other Revenue Receivable
AccruedFeesAndOtherRevenueReceivable
3466000 usd
CY2022Q1 us-gaap Accrued Fees And Other Revenue Receivable
AccruedFeesAndOtherRevenueReceivable
3391000 usd
CY2022Q4 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
2248000 usd
CY2022Q1 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
1712000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
5430000 usd
CY2022Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
10402000 usd
CY2022Q4 lvo Lease Liabilities Current
LeaseLiabilitiesCurrent
273000 usd
CY2022Q1 lvo Lease Liabilities Current
LeaseLiabilitiesCurrent
273000 usd
CY2022Q4 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
29695000 usd
CY2022Q1 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
45418000 usd
CY2022Q4 lvo Notes Payable One
NotesPayableOne
163000 usd
CY2022Q4 us-gaap Notes Payable Current
NotesPayableCurrent
15000 usd
CY2022Q1 us-gaap Notes Payable Current
NotesPayableCurrent
12000 usd
CY2022Q4 us-gaap Long Term Notes Payable
LongTermNotesPayable
148000 usd
CY2022Q1 us-gaap Long Term Notes Payable
LongTermNotesPayable
148000 usd
CY2022Q3 us-gaap Notes Payable
NotesPayable
300000 usd
CY2020Q2 us-gaap Proceeds From Loan Originations1
ProceedsFromLoanOriginations1
2000000 usd
CY2021Q1 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
500000 usd
us-gaap Derivative Maturity Dates
DerivativeMaturityDates
2026-03-20
CY2022Q3 lvo Discount Rate
DiscountRate
0.10 pure
CY2022Q3 us-gaap Investment Owned Balance Principal Amount
InvestmentOwnedBalancePrincipalAmount
8800000 usd
CY2022Q3 lvo Gross Proceeds Amount
GrossProceedsAmount
8000000 usd
CY2022Q3 us-gaap Common Stock No Par Value
CommonStockNoParValue
0.00001
CY2022Q3 lvo Interest At A Rate Of Percentage
InterestAtARateOfPercentage
0.10 pure
CY2022Q3 lvo Divided Amount
DividedAmount
60000000 usd
CY2022Q3 lvo Offering Price Rate
OfferingPriceRate
0.70 pure
CY2022Q3 lvo Financing Percentage Rate
FinancingPercentageRate
0.70 pure
CY2022Q3 us-gaap Debt Instrument Redemption Price Percentage Of Principal Amount Redeemed
DebtInstrumentRedemptionPricePercentageOfPrincipalAmountRedeemed
0.45 pure
CY2022Q3 us-gaap Additional Collateral Aggregate Fair Value
AdditionalCollateralAggregateFairValue
3000000 usd
CY2022Q1 us-gaap Financial Instruments Subject To Mandatory Redemption Past Contractual Redemption Date Due To Outstanding Activity
FinancialInstrumentsSubjectToMandatoryRedemptionPastContractualRedemptionDateDueToOutstandingActivity
1000000 usd
CY2022Q1 us-gaap Temporary Equity Aggregate Amount Of Redemption Requirement
TemporaryEquityAggregateAmountOfRedemptionRequirement
3000000 usd
CY2023Q2 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
1000000 usd
CY2023Q3 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
2000000 usd
CY2022 us-gaap Debt Instrument Periodic Payment Principal
DebtInstrumentPeriodicPaymentPrincipal
3000000 usd
CY2022Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
1700000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Unrealized Gains On Trading Securities
DeferredTaxLiabilitiesUnrealizedGainsOnTradingSecurities
500000 usd
lvo Simulations
Simulations
100000 shares
lvo Expected Stockprices Volatility
ExpectedStockpricesVolatility
0.61 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0469 pure
CY2022Q4 us-gaap Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
1.92
CY2022Q4 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
2.79
CY2022Q3 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
1100000 usd
CY2022Q4 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
900000 usd
us-gaap Servicing Asset At Fair Value Other Changes In Fair Value
ServicingAssetAtFairValueOtherChangesInFairValue
200000 usd
lvo Amortization To Interest Expense
AmortizationToInterestExpense
2800000 usd
CY2022Q4 lvo Amortization Of Discount
AmortizationOfDiscount
1100000 usd
lvo Amortization Of Discount
AmortizationOfDiscount
1700000 usd
CY2022Q4 us-gaap Earnest Money Deposits
EarnestMoneyDeposits
150000000 usd
CY2022Q4 lvo Bridge Loans
BridgeLoans
200000 usd
lvo Bridge Loans
BridgeLoans
400000 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
585000 usd
CY2022Q4 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
5580000 usd
CY2022Q1 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
5879000 usd
CY2022Q4 us-gaap Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
5580000 usd
CY2022Q1 us-gaap Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
5879000 usd
CY2021Q4 us-gaap Interest And Debt Expense
InterestAndDebtExpense
200000 usd
CY2022Q4 us-gaap Interest And Debt Expense
InterestAndDebtExpense
200000 usd
us-gaap Interest And Debt Expense
InterestAndDebtExpense
700000 usd
us-gaap Interest And Debt Expense
InterestAndDebtExpense
600000 usd
lvo Unsecured Convertible Notes Payable Outstanding Percentage Description
UnsecuredConvertibleNotesPayableOutstandingPercentageDescription
the Company had outstanding 8.5% unsecured convertible notes payable (the “Trinad Notes”) issued to Trinad Capital Master Fund Ltd. (“Trinad Capital”), a fund controlled by Mr. Ellin, the Company’s Chief Executive Officer, Chairman, director and principal stockholder, as discussed below. The Trinad Notes are convertible into shares of the Company’s common stock at a fixed conversion price of $3.00 per share.The first Trinad Note was issued on February 21, 2017, to convert aggregate principal and interest of $3.6 million under the first senior promissory note and second senior promissory note with Trinad Capital previously issued on December 31, 2014 and April 8, 2015, respectively. The first Trinad Note was due on March 31, 2018 and was extended to May 31, 2023, and in July 2022 the Trinad Notes were extended until July 1, 2024. At December 31, 2022, the balance due of $6.0 million, which included $1.5 million of accrued interest, was outstanding under the first Trinad Note. At March 31, 2022, the balance due of $5.9 million, which included $1.4 million of accrued interest, was outstanding under the first Trinad Note. Between October 27, 2017 and December 18, 2017, the Company issued nine unsecured convertible notes payable to Trinad Capital for aggregate total principal amount of $1.1 million and were charged an 8.5% interest rate. The notes were due on various dates through December 31, 2018 and were extended to May 31, 2023. As of December 31, 2022 and March 31, 2022, $0.3 million and $0.3 million of accrued interest was included in the principal balance, respectively.  
CY2021Q3 us-gaap Excess Stock Shares Issued
ExcessStockSharesIssued
33654 shares
CY2022 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
4300000 usd
us-gaap Adjustments To Additional Paid In Capital Mark To Market
AdjustmentsToAdditionalPaidInCapitalMarkToMarket
4200000 usd
CY2022Q3 us-gaap Excess Stock Shares Issued
ExcessStockSharesIssued
500000 shares
CY2022Q3 us-gaap Derivative Gain On Derivative
DerivativeGainOnDerivative
200000 usd
CY2022Q3 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
0.71
CY2022Q3 us-gaap Stock Option Exercise Price Increase
StockOptionExercisePriceIncrease
3
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.848 pure
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Payments
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendPayments
0 usd
CY2022Q3 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.0409 pure
CY2020Q1 lvo Unsecured Convertible Promissory Note Description
UnsecuredConvertiblePromissoryNoteDescription
React Presents issued a two-year $2 million Convertible Promissory Note (the “Note”), bearing annual interest at 8%. The purpose of the Note was to fund the acquisition of React Presents. All unpaid and outstanding principal and any unpaid and accrued interest was due on February 5, 2022. At issuance, the Note was convertible by the holder at any time prior to maturity in part or in whole with the unpaid interest and principal convertible at a conversion price equal to $4.50 per share of the Company’s common stock, subject to certain protective adjustments. The Note may be prepaid in whole or in part in cash without penalty at any time prior to maturity. Any such prepayment will be applied to accrued interest first and then the principal.
CY2022Q1 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
2.1
CY2022Q1 us-gaap Excess Stock Shares Issued
ExcessStockSharesIssued
1155143 shares
CY2022 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
800000 usd
CY2020Q3 us-gaap Debt Instrument Description
DebtInstrumentDescription
On September 15, 2020 (the “Closing Date”), the Company issued two-year senior secured convertible notes in the aggregate principal amount of $15.0 million (the “Harvest Notes”) to Harvest Small Cap Partners, L.P. and Harvest Small Cap Partners, Ltd. (collectively, the “Purchaser”).
lvo Aggregate Cash Deposits
AggregateCashDeposits
7000000 usd
CY2021Q2 us-gaap Proceeds From Secured Lines Of Credit
ProceedsFromSecuredLinesOfCredit
7000000 usd
CY2021Q2 us-gaap Long Term Debt Maturity Date
LongTermDebtMaturityDate
2023-06-03
lvo Shares Issued Of Common Stock
SharesIssuedOfCommonStock
60000 shares
CY2022Q4 lvo Common Stock Purchase Value
CommonStockPurchaseValue
300000 usd
CY2022Q3 lvo Agreement Description
AgreementDescription
the Company entered into an amendment of notes agreement (collectively, the “Amendments”) with each of the holders of the Harvest Notes (the “Noteholders”) pursuant to which the parties agreed to (i) extend the maturity date of the Harvest Notes to June 3, 2024, (ii) defer the June 30, 2022 quarterly cash interest payment to July 18, 2022, and defer the quarterly cash interest payment for the fiscal quarter ending September 30, 2022 to be due and payable at the same time as the quarterly cash interest payment due and payable to the Noteholders for the fiscal quarter ending December 31, 2022, (iii) reduce the amount of Free Cash (as defined in the Harvest Notes) as follows (x) $7,000,000 from the Effective Date through December 31, 2022 (inclusive), (y) $8,000,000 from January 1, 2023 and until June 30, 2023 (inclusive), and (z) $10,000,000 from July 1, 2023 and until the Harvest Notes are repaid in full at their new maturity date of June 3, 2024; provided, that in the event that the Harvest Notes are repaid or prepaid by the Company, the amount of required Free Cash shall be then permanently reduced to the amount equal to the product of the aggregate principal amount of the Harvest Notes then outstanding multiplied by 2/3, and (iv) permit the Company to prepay the Harvest Notes at any time without any repayment/prepayment penalties and without the written consent of the Noteholders, subject to approval from the Company’s senior secured lender, which approval was subsequently obtained; provided, that the Company shall give the Noteholders at least five days prior written notice of any such prepayment or repayment (collectively, “Loan Modification”).
us-gaap Debt Instrument Description
DebtInstrumentDescription
The Company and the Noteholders also agreed that if (i) at least $5,000,000 of the original principal amount of the Harvest Notes is not repaid by the Company on or prior to January 1, 2023, the conversion price of the Harvest Notes shall be amended to $3.00 per share, and the Company shall issue to the Noteholders in aggregate an additional 250,000 shares of the Company’s restricted common stock; (ii) at least $7,500,000 of the original principal amount of the Harvest Notes is not repaid by the Company on or prior to June 30, 2023, the conversion price of the Harvest Notes shall be further amended to $2.50 per share, and the Company shall then issue to the Noteholders in aggregate an additional 500,000 shares of the Company’s common stock; and (iii) the entire principal amount of the Harvest Notes then outstanding is not repaid by the Company on or prior to January 1, 2024, the conversion price of the Harvest Notes shall be further amended to $2.25 per share, and the Company shall then issue to the Noteholders in aggregate an additional 750,000 shares of the Company’s restricted common stock. In addition, in consideration of the Loan Modification, the Company issued to the Noteholders in aggregate 500,000 shares of the Company’s restricted common stock.
CY2022Q3 lvo Determined Value
DeterminedValue
100000 usd
CY2022Q4 us-gaap Interest Expense Debt
InterestExpenseDebt
900000 usd
CY2021Q4 us-gaap Interest Expense Debt
InterestExpenseDebt
300000 usd
CY2022Q4 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
700000 usd
CY2021Q4 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
100000 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
1400000 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
600000 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
1200000 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
300000 usd
CY2022Q3 lvo Debt Instruments Maturity Date
DebtInstrumentsMaturityDate
June 2024
CY2022Q3 us-gaap Line Of Credit Facility Interest Rate During Period
LineOfCreditFacilityInterestRateDuringPeriod
0.025 pure
CY2022Q4 us-gaap Notes Payable To Bank Current
NotesPayableToBankCurrent
300000000 usd
lvo Description Of Operating Lease
DescriptionOfOperatingLease
The Company leases a space at a location under a non-cancellable operating lease with a remaining lease term of 1 year, which originally expired in fiscal year 2022 and was renewed for an additional year. On December 22, 2020, the Company acquired CPS which included the assumption of an operating lease for a 55,120 square foot light manufacturing facility located in Addison Illinois, expiring June 30, 2024. 
CY2022Q4 lvo Rental Expense For Operating Leases
RentalExpenseForOperatingLeases
100000 usd
lvo Rental Expense For Operating Leases
RentalExpenseForOperatingLeases
200000 usd
CY2022Q4 us-gaap Operating Lease Cost
OperatingLeaseCost
200000 usd
CY2021Q4 us-gaap Operating Lease Cost
OperatingLeaseCost
200000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
400000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
900000 usd
lvo Fixed Rents Cost
FixedRentsCost
373000 usd
lvo Fixed Rents Cost
FixedRentsCost
679000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
46000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
217000 usd
us-gaap Lease Cost
LeaseCost
419000 usd
us-gaap Lease Cost
LeaseCost
896000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
502000 usd
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
728000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
273000 usd
CY2022Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
273000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
242000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
515000 usd
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
741000 usd
CY2022Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
468000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
111000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
320000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
93000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
524000 usd
CY2022Q4 us-gaap Receivable With Imputed Interest Net Amount
ReceivableWithImputedInterestNetAmount
9000 usd
CY2022Q4 lvo Present Value Of Operating Lease Liabilities
PresentValueOfOperatingLeaseLiabilities
515000 usd
CY2022Q4 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.085 pure
CY2022Q4 us-gaap Asset Acquisition Contingent Consideration Liability Current
AssetAcquisitionContingentConsiderationLiabilityCurrent
174000 usd
CY2022Q1 us-gaap Asset Acquisition Contingent Consideration Liability Current
AssetAcquisitionContingentConsiderationLiabilityCurrent
174000 usd
CY2022Q4 us-gaap Embedded Derivative Fair Value Of Embedded Derivative Liability
EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability
4258000 usd
CY2022Q4 lvo Total Operating Lease Liabilities
TotalOperatingLeaseLiabilities
4432000 usd
CY2022Q1 lvo Total Operating Lease Liabilities
TotalOperatingLeaseLiabilities
174000 usd
lvo Licenses Production Andor Distribution Agreements Description
LicensesProductionAndorDistributionAgreementsDescription
As of December 31, 2022, the Company has licenses, production and/or distribution agreements to make guaranteed payments as follows: $0.1 million for the fiscal year ending March 31, 2023.
CY2022Q4 us-gaap Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
0.50 pure
lvo Contractual Obligations Description
ContractualObligationsDescription
As of December 31, 2022, the Company is obligated under agreements with Content Providers and other contractual obligations to make guaranteed payments as follows: $2.0 million for the fiscal year ending March 31, 2023, $1.3 million for the fiscal year ending March 31, 2024, $0.6 million for the fiscal year ending March 31, 2025 and $0.3 million for the fiscal year ending March 31, 2026. 
CY2022Q3 us-gaap Stock Issued During Period Shares Acquisitions
StockIssuedDuringPeriodSharesAcquisitions
800000 shares
CY2022Q3 us-gaap Accounts Payable Other Current And Noncurrent
AccountsPayableOtherCurrentAndNoncurrent
400000 usd
CY2022Q3 us-gaap Commitments Fair Value Disclosure
CommitmentsFairValueDisclosure
1000000 usd
CY2022Q4 us-gaap Prepaid Royalties
PrepaidRoyalties
100000 usd
lvo Termination Term
TerminationTerm
P1Y
us-gaap Stock Issued During Period Shares Purchase Of Assets
StockIssuedDuringPeriodSharesPurchaseOfAssets
200000 shares
us-gaap Intercompany Agreements Description
IntercompanyAgreementsDescription
As of December 31, 2022, the Company has employment agreements with three named executive officers (“Section 16 Officers”) that provide salary payments of $0.5 million and target bonus compensation of up to $0.5 million on an annual basis.
lvo Aggregate Amount
AggregateAmount
10500000 usd
us-gaap Salaries And Wages
SalariesAndWages
500000 usd
CY2022Q4 us-gaap Loss Contingency Name Of Defendant
LossContingencyNameOfDefendant
$9,765,396.70
CY2021Q4 us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
32895000 usd
CY2021Q4 us-gaap Net Income Loss
NetIncomeLoss
-11791000 usd
us-gaap Description Of Defined Contribution Pension And Other Postretirement Plans
DescriptionOfDefinedContributionPensionAndOtherPostretirementPlans
The Company may make discretionary matching contributions to the 401(k) Plan on behalf of its employees up to a maximum of 100% of the participant’s elective deferral up to a maximum of 5% of the employees’ annual compensation.
CY2022Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
400000 usd
CY2022Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
500000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2500000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
12100000 usd
CY2022Q4 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
400000 usd
CY2021Q4 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2100000 usd
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
0 usd
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
0 usd
CY2021Q4 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
0 usd
CY2022Q4 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
0 usd
CY2022Q4 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
510000000 shares
us-gaap Conversion Of Stock Shares Issued1
ConversionOfStockSharesIssued1
500000000 shares
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q4 us-gaap Preferred Stock Convertible Shares Issuable
PreferredStockConvertibleSharesIssuable
10000000 shares
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2020Q4 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
2000000 shares
CY2022Q4 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
2000000 usd
us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
2000000 shares
CY2022Q4 us-gaap Common Stock Discount On Shares
CommonStockDiscountOnShares
1900000 usd
lvo Customer Account Rate
CustomerAccountRate
0.10 pure
lvo Customer Account Rate
CustomerAccountRate
0.10 pure
lvo Coutomer Revenue Percentage
CoutomerRevenuePercentage
0.43 pure
lvo Coutomer Revenue Percentage
CoutomerRevenuePercentage
0.25 pure
CY2022Q4 lvo Coutomer Revenue Percentage
CoutomerRevenuePercentage
0.42 pure
CY2021Q4 lvo Coutomer Revenue Percentage
CoutomerRevenuePercentage
0.31 pure
CY2022Q4 us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
27309000 usd
CY2022Q4 us-gaap Net Income Loss
NetIncomeLoss
-2548000 usd
us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
74063000 usd
CY2022Q4 us-gaap Preferred Stock Redemption Price Per Share
PreferredStockRedemptionPricePerShare
2.1
us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.12 pure
us-gaap Proceeds From Issuance Of Mandatory Redeemable Capital Securities
ProceedsFromIssuanceOfMandatoryRedeemableCapitalSecurities
5000000 usd
us-gaap Net Income Loss
NetIncomeLoss
-4609000 usd
us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
93586000 usd
us-gaap Net Income Loss
NetIncomeLoss
-35078000 usd
CY2022Q1 lvo Bifurcated Embedded Derivative On Senior Secured Convertible Debentures Net
BifurcatedEmbeddedDerivativeOnSeniorSecuredConvertibleDebenturesNet
3157000 usd
lvo Embedded Derivative And Warrant Issued In Connection With Podcast One Bridge Loanin Dollars
EmbeddedDerivativeAndWarrantIssuedInConnectionWithPodcastOneBridgeLoaninDollars
3966000 usd
lvo Change In Fair Value Of Bifurcated Embedded Derivatives Reported In Earnings
ChangeInFairValueOfBifurcatedEmbeddedDerivativesReportedInEarnings
-1750000 usd
lvo Settlement Of Contingent Consideration Liability From Cps Acquisition
SettlementOfContingentConsiderationLiabilityFromCPSAcquisition
-3000000 usd
lvo Change In Fair Value Of Contingent Consideration Liabilities Reported In Earnings
ChangeInFairValueOfContingentConsiderationLiabilitiesReportedInEarnings
194000 usd
CY2022Q4 lvo Bifurcated Embedded Derivative On Senior Secured Convertible Debentures Net
BifurcatedEmbeddedDerivativeOnSeniorSecuredConvertibleDebenturesNet
2567000 usd
lvo Unsecured Convertible Note Payable Market Yield
UnsecuredConvertibleNotePayableMarketYield
0.047 pure
CY2022 lvo Unsecured Convertible Note Payable Market Yield
UnsecuredConvertibleNotePayableMarketYield
0.047 pure
CY2022Q4 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
200000 usd
us-gaap Other Expenses
OtherExpenses
200000 usd
CY2022Q4 us-gaap Convertible Debt Noncurrent
ConvertibleDebtNoncurrent
13719000 usd
CY2022Q4 lvo Unsecured Convertible Notes Payable Related Party Net
UnsecuredConvertibleNotesPayableRelatedPartyNet
5580000 usd
lvo Podcast One Bridge Loan
PodcastOneBridgeLoan
3774000 usd
CY2022Q1 us-gaap Convertible Debt Noncurrent
ConvertibleDebtNoncurrent
13650000 usd
CY2022Q1 lvo Unsecured Convertible Notes Payable Related Party Net
UnsecuredConvertibleNotesPayableRelatedPartyNet
5879000 usd
CY2023Q1 us-gaap Excess Stock Shares Authorized
ExcessStockSharesAuthorized
21177 shares
CY2022Q4 us-gaap Investment Owned Percent Of Net Assets
InvestmentOwnedPercentOfNetAssets
1 pure
lvo Voting Rights Of Total Equity Percentage
VotingRightsOfTotalEquityPercentage
0.66 pure
CY2022Q4 us-gaap Preferred Stock Convertible Conversion Price
PreferredStockConvertibleConversionPrice
2.1
CY2022Q4 us-gaap Fair Value Option Loans Held As Assets Aggregate Amount In Nonaccrual Status Aggregated Difference
FairValueOptionLoansHeldAsAssetsAggregateAmountInNonaccrualStatusAggregatedDifference
20000000 usd
us-gaap Accelerated Share Repurchases Final Price Paid Per Share
AcceleratedShareRepurchasesFinalPricePaidPerShare
2.25
lvo Aggregate Shares
AggregateShares
56473 shares
CY2022Q4 us-gaap Common Stock Shares Held In Employee Trust Shares
CommonStockSharesHeldInEmployeeTrustShares
200000 shares
CY2022Q1 us-gaap Bridge Loan
BridgeLoan
usd
CY2022Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2022Q4 us-gaap Preferred Stock Value
PreferredStockValue
usd
CY2022Q1 us-gaap Preferred Stock Value
PreferredStockValue
usd
CY2022Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
shares
CY2022Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
shares
CY2022Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
shares
CY2022Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
shares
CY2022Q1 us-gaap Treasury Stock Value
TreasuryStockValue
usd
CY2022Q4 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
usd
CY2022Q4 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
usd
CY2021Q4 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
usd
CY2022Q4 lvo Income From Forgiveness Of Ppp Loan
IncomeFromForgivenessOfPPPLoan
usd
CY2021Q4 lvo Income From Forgiveness Of Ppp Loan
IncomeFromForgivenessOfPPPLoan
usd
lvo Income From Forgiveness Of Ppp Loan
IncomeFromForgivenessOfPPPLoan
usd
CY2022Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.03
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.05
CY2021Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.15
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.45
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
77670598 shares
CY2021Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
78188050 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
84009003 shares
CY2022Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
85585117 shares
lvo Settlement Of Accrued Expenses
SettlementOfAccruedExpenses
usd
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
usd
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
usd
us-gaap Gains Losses On Restructuring Of Debt
GainsLossesOnRestructuringOfDebt
usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
usd
us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
usd
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
usd
us-gaap Payments For Proceeds From Deposit On Loan
PaymentsForProceedsFromDepositOnLoan
usd
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
usd
lvo Fair Value Of Shares Of Common Stock Issuable In Connection With The Settlement Of Accrued Expenses
FairValueOfSharesOfCommonStockIssuableInConnectionWithTheSettlementOfAccruedExpenses
usd
lvo Fair Value Of Shares Of Common Stock Issuable In Connection With The Modification Of Debt Instrument
FairValueOfSharesOfCommonStockIssuableInConnectionWithTheModificationOfDebtInstrument
usd
lvo Fair Value Of Shares Of Common Stock Issuable In Connection With The Modification Of Debt
FairValueOfSharesOfCommonStockIssuableInConnectionWithTheModificationOfDebt
usd
lvo Fair Value Of Common Stock Issued In Connection With Secured Convertible Notes
FairValueOfCommonStockIssuedInConnectionWithSecuredConvertibleNotes
usd
lvo Fair Value Of Of Common Stock Issued In Connection With Unsecured Convertible N
FairValueOfOfCommonStockIssuedInConnectionWithUnsecuredConvertibleN
usd
lvo Fair Value Of Shares Of Common Stock Issued Upon Conversion Of Unsecured Convertib
FairValueOfSharesOfCommonStockIssuedUponConversionOfUnsecuredConvertib
usd
lvo Forgiveness Of Ppp Loan
ForgivenessOfPPPLoan
usd
lvo Fair Value Of Warrant And Derivative Liability Issued With Debt Instruments
FairValueOfWarrantAndDerivativeLiabilityIssuedWithDebtInstruments
usd
lvo Fair Value Of Shares Issued In Connection With Cps Acquisition
FairValueOfSharesIssuedInConnectionWithCPSAcquisition
usd
lvo Fair Value Of Shares Of Common Stock Issued In Connection With The Gramophone Acquisition
FairValueOfSharesOfCommonStockIssuedInConnectionWithTheGramophoneAcquisition
usd
lvo Fair Value Of Unsecured Convertible Note Premium
FairValueOfUnsecuredConvertibleNotePremium
usd
CY2022Q1 us-gaap Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
usd
dei Entity Central Index Key
EntityCentralIndexKey
0001491419

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