2023 Q2 Form 10-K Financial Statement

#000121390023053022 Filed on June 29, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2023
Revenue $27.77M $25.55M $99.61M
YoY Change 19.57% 9.03% -14.88%
Cost Of Revenue $19.56M $18.30M $66.78M
YoY Change 27.18% -0.17% -28.18%
Gross Profit $8.204M $7.253M $32.83M
YoY Change 4.64% 42.02% 36.57%
Gross Profit Margin 29.55% 28.39% 32.96%
Selling, General & Admin $6.967M $6.303M $23.07M
YoY Change 52.28% -33.94% -50.82%
% of Gross Profit 84.92% 86.9% 70.28%
Research & Development $1.246M $742.0K $2.731M
YoY Change -22.94% -45.6% -48.68%
% of Gross Profit 15.19% 10.23% 8.32%
Depreciation & Amortization $800.0K $944.0K $7.969M
YoY Change -11.11% -60.57% -17.2%
% of Gross Profit 9.75% 13.02% 24.27%
Operating Expenses $8.213M $8.113M $33.66M
YoY Change 32.64% -38.85% -45.53%
Operating Profit -$255.0K -$860.0K -$828.0K
YoY Change -207.59% -89.46% -97.81%
Interest Expense -$1.418M -$1.548M -$7.341M
YoY Change 42.23% 64.16% 78.05%
% of Operating Profit
Other Income/Expense, Net -$181.0K -$1.918M $605.0K
YoY Change -116.34% 13600.0% -211.62%
Pretax Income -$79.00K -$5.360M -$9.954M
YoY Change -105.87% -37.81% -77.24%
Income Tax $436.0K $50.00K $65.00K
% Of Pretax Income
Net Earnings -$515.0K -$5.410M -$10.02M
YoY Change -138.2% -38.76% -77.18%
Net Earnings / Revenue -1.85% -21.18% -10.06%
Basic Earnings Per Share -$0.01 -$0.12
Diluted Earnings Per Share -$0.01 -$0.06 -$0.12
COMMON SHARES
Basic Shares Outstanding 90.13M shares 87.10M shares 84.77M shares
Diluted Shares Outstanding 86.90M shares 84.77M shares

Balance Sheet

Concept 2023 Q2 2023 Q1 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.990M $8.409M $8.409M
YoY Change -54.99% -34.78% -34.78%
Cash & Equivalents $4.990M $8.409M $8.409M
Short-Term Investments
Other Short-Term Assets $3.394M $3.063M $3.063M
YoY Change 74.23% 43.94% 43.94%
Inventory $2.446M $2.596M $2.596M
Prepaid Expenses
Receivables $16.00M $13.66M $13.66M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $26.83M $27.73M $27.73M
YoY Change -5.76% -11.44% -11.44%
LONG-TERM ASSETS
Property, Plant & Equipment $3.144M $3.748M $3.748M
YoY Change -30.98% -20.05% -30.8%
Goodwill $23.38M $23.38M
YoY Change 0.0% 0.0%
Intangibles $10.79M $11.04M
YoY Change -29.59% -34.0%
Long-Term Investments
YoY Change
Other Assets $253.0K $423.0K
YoY Change -61.37% -41.9%
Total Long-Term Assets $37.56M $38.16M $38.16M
YoY Change -14.45% -16.16% -16.16%
TOTAL ASSETS
Total Short-Term Assets $26.83M $27.73M $27.73M
Total Long-Term Assets $37.56M $38.16M $38.16M
Total Assets $64.39M $65.89M $65.89M
YoY Change -11.03% -14.23% -14.23%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $12.91M $10.96M $10.96M
YoY Change -45.13% -63.02% -63.02%
Accrued Expenses $12.77M $24.64M $24.64M
YoY Change 2.11% 58.9% -15.93%
Deferred Revenue
YoY Change
Short-Term Debt $2.711M $4.726M $4.726M
YoY Change
Long-Term Debt Due $7.014M $15.00K $15.00K
YoY Change 53853.85% 25.0% 25.0%
Total Short-Term Liabilities $50.86M $44.48M $44.48M
YoY Change -6.15% -26.01% -26.01%
LONG-TERM LIABILITIES
Long-Term Debt $148.0K $7.148M $7.148M
YoY Change -99.45% -73.17% -73.17%
Other Long-Term Liabilities $10.51M $10.12M $10.12M
YoY Change 1747.63% 1475.55% 1475.55%
Total Long-Term Liabilities $10.66M $17.26M $17.26M
YoY Change -61.41% -36.73% -36.73%
TOTAL LIABILITIES
Total Short-Term Liabilities $50.86M $44.48M $44.48M
Total Long-Term Liabilities $10.66M $17.26M $17.26M
Total Liabilities $61.85M $62.07M $62.07M
YoY Change -24.71% -29.25% -29.25%
SHAREHOLDERS EQUITY
Retained Earnings -$225.4M -$224.3M
YoY Change 6.07% 4.87%
Common Stock $90.00K $90.00K
YoY Change 8.43% 8.43%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.175M $2.162M
YoY Change 218.46%
Treasury Stock Shares
Shareholders Equity -$2.290M $3.814M $3.814M
YoY Change
Total Liabilities & Shareholders Equity $64.39M $65.89M $65.89M
YoY Change -11.03% -14.23% -14.23%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2023
OPERATING ACTIVITIES
Net Income -$515.0K -$5.410M -$10.02M
YoY Change -138.2% -38.76% -77.18%
Depreciation, Depletion And Amortization $800.0K $944.0K $7.969M
YoY Change -11.11% -60.57% -17.2%
Cash From Operating Activities $1.221M $781.0K -$3.843M
YoY Change -4796.15% -29.19% -57.88%
INVESTING ACTIVITIES
Capital Expenditures $627.0K $401.0K $2.450M
YoY Change -18.89% -146.79% -163.99%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$627.0K -$401.0K -$2.450M
YoY Change -20.13% -53.21% -38.43%
FINANCING ACTIVITIES
Cash Dividend Paid $0.00
YoY Change
Common Stock Issuance & Retirement, Net -$2.162M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$4.013M -224.0K 1.788M
YoY Change 302.51% -188.89% -76.12%
NET CHANGE
Cash From Operating Activities $1.221M 781.0K -3.843M
Cash From Investing Activities -$627.0K -401.0K -2.450M
Cash From Financing Activities -$4.013M -224.0K 1.788M
Net Change In Cash -$3.419M 156.0K -4.505M
YoY Change 89.1% -68.67% -19.78%
FREE CASH FLOW
Cash From Operating Activities $1.221M $781.0K -$3.843M
Capital Expenditures $627.0K $401.0K $2.450M
Free Cash Flow $594.0K $380.0K -$6.293M
YoY Change -174.34% -80.61% 18.87%

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StockIssuedDuringPeriodValueShareBasedCompensation
13783000 usd
CY2022 lvo Stock Issued During Period Value Restricted Stock Award Vested
StockIssuedDuringPeriodValueRestrictedStockAwardVested
270000 usd
CY2022 lvo Adjustments To Additional Paid In Capital Interest Paid In Kind
AdjustmentsToAdditionalPaidInCapitalInterestPaidInKind
35000 usd
CY2022 lvo Stock Issued During Period Value Acquisitions One
StockIssuedDuringPeriodValueAcquisitionsOne
89000 usd
CY2022 lvo Stock Issued During Period Value Acquisitions Two
StockIssuedDuringPeriodValueAcquisitionsTwo
1826000 usd
CY2022 lvo Adjustments To Additional Paid In Capital Purchase Price Adjustment In Connection With Acquisition
AdjustmentsToAdditionalPaidInCapitalPurchasePriceAdjustmentInConnectionWithAcquisition
301000 usd
CY2022 lvo Stock Issued During Period Value Amendment Of Secured Convertible Notes
StockIssuedDuringPeriodValueAmendmentOfSecuredConvertibleNotes
2728000 usd
CY2022 lvo Shares Issued On Conversion Of Unsecured Convertible Notes Stock Issued During Period Value Conversion Of Unsecured Convertible Notes
SharesIssuedOnConversionOfUnsecuredConvertibleNotesStockIssuedDuringPeriodValueConversionOfUnsecuredConvertibleNotes
757000 usd
CY2022 us-gaap Adjustment To Additional Paid In Capital Convertible Debt Instrument Issued At Substantial Premium
AdjustmentToAdditionalPaidInCapitalConvertibleDebtInstrumentIssuedAtSubstantialPremium
4199000 usd
CY2022 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
872000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-43912000 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
-10916000 usd
CY2023 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
3049000 usd
CY2023 lvo Stock Issued During Period Value Restricted Stock Award Vested
StockIssuedDuringPeriodValueRestrictedStockAwardVested
2000 usd
CY2023 lvo Stock Issued During Period Value Modification Of Debt Instruments
StockIssuedDuringPeriodValueModificationOfDebtInstruments
1301000 usd
CY2023 lvo Adjustments To Additional Paid In Capital Extinguishment Of Related Party Debt
AdjustmentsToAdditionalPaidInCapitalExtinguishmentOfRelatedPartyDebt
488000 usd
CY2023 lvo Stock Issued During Period Value Settlement Of Earnout
StockIssuedDuringPeriodValueSettlementOfEarnout
493000 usd
CY2023 lvo Stock Issued During Period Value Settlement Of Accrued Expenses
StockIssuedDuringPeriodValueSettlementOfAccruedExpenses
945000 usd
CY2023 lvo Stock Issued During Period Value Debt Extinguishment
StockIssuedDuringPeriodValueDebtExtinguishment
653000 usd
CY2023 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
16177000 usd
CY2023 us-gaap Dividends Preferred Stock
DividendsPreferredStock
397000 usd
CY2023 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
349000 usd
CY2023 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
2162000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-10019000 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
-1013000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-10019000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-43912000 usd
CY2023 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
7969000 usd
CY2022 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
9624000 usd
CY2023 us-gaap Paid In Kind Interest
PaidInKindInterest
322000 usd
CY2022 us-gaap Paid In Kind Interest
PaidInKindInterest
35000 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
3048000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
12703000 usd
CY2023 us-gaap Embedded Derivative Gain Loss On Embedded Derivative Net
EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet
-523000 usd
CY2022 us-gaap Embedded Derivative Gain Loss On Embedded Derivative Net
EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet
113000 usd
CY2023 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4179000 usd
CY2022 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1244000 usd
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-6000 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
160000 usd
CY2023 us-gaap Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
-2220000 usd
CY2022 us-gaap Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
-145000 usd
CY2023 us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
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CY2022 us-gaap Conversion Of Stock Amount Converted1
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756000 usd
CY2023 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-1034000 usd
CY2022 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-4321000 usd
CY2023 lvo Settlement Of Accrued Expenses
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7649000 usd
CY2022 lvo Settlement Of Accrued Expenses
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CY2023 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
146000 usd
CY2022 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
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CY2023 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
1356000 usd
CY2022 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 usd
CY2023 us-gaap Gains Losses On Restructuring Of Debt
GainsLossesOnRestructuringOfDebt
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CY2022 us-gaap Gains Losses On Restructuring Of Debt
GainsLossesOnRestructuringOfDebt
3110000 usd
CY2023 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-29000 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
3116000 usd
CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1660000 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1161000 usd
CY2023 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-3000 usd
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
31000 usd
CY2023 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-351000 usd
CY2022 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-328000 usd
CY2023 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-165000 usd
CY2022 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-155000 usd
CY2023 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-380000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
10826000 usd
CY2023 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-704000 usd
CY2022 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
301000 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-3843000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-9123000 usd
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2437000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3744000 usd
CY2023 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
13000 usd
CY2022 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
85000 usd
CY2023 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
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CY2022 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
150000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2450000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2023 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
426000 usd
CY2022 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
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CY2023 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
300000 usd
CY2022 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
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CY2023 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
300000 usd
CY2022 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
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CY2023 us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
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CY2022 us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
-351000 usd
CY2023 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
4376000 usd
CY2022 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
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CY2023 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2162000 usd
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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CY2023 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
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CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
872000 usd
CY2023 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
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CY2022 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
6965000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1788000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
7486000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-4505000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-5616000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
13154000 usd
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
18770000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8649000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
13154000 usd
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
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CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
25000 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
1931000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
1468000 usd
CY2022 lvo Shares Of Common Stock Issued In Connection With Secured Convertible Notes
SharesOfCommonStockIssuedInConnectionWithSecuredConvertibleNotes
60000 shares
CY2023 lvo Fair Value Of Common Stock Issued In Connection With Secured Convertible Notes
FairValueOfCommonStockIssuedInConnectionWithSecuredConvertibleNotes
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CY2022 lvo Fair Value Of Common Stock Issued In Connection With Secured Convertible Notes
FairValueOfCommonStockIssuedInConnectionWithSecuredConvertibleNotes
320000 usd
CY2022 lvo Shares Of Common Stock Issued In Connection With Related Party Unsecured Convertible Notes
SharesOfCommonStockIssuedInConnectionWithRelatedPartyUnsecuredConvertibleNotes
33654 shares
CY2023 lvo Fair Value Of Common Stock Issued In Connection With Related Party Unsecured Convertible Notes
FairValueOfCommonStockIssuedInConnectionWithRelatedPartyUnsecuredConvertibleNotes
usd
CY2022 lvo Fair Value Of Common Stock Issued In Connection With Related Party Unsecured Convertible Notes
FairValueOfCommonStockIssuedInConnectionWithRelatedPartyUnsecuredConvertibleNotes
122000 usd
CY2022 lvo Shares Of Common Stock Issued Upon Conversion Of Unsecured Convertible Note
SharesOfCommonStockIssuedUponConversionOfUnsecuredConvertibleNote
1155143 shares
CY2023 lvo Fair Value Of Common Stock Issued Upon Conversion Of Unsecured Convertible Notes
FairValueOfCommonStockIssuedUponConversionOfUnsecuredConvertibleNotes
usd
CY2022 lvo Fair Value Of Common Stock Issued Upon Conversion Of Unsecured Convertible Notes
FairValueOfCommonStockIssuedUponConversionOfUnsecuredConvertibleNotes
3045000 usd
CY2023 lvo Shares Of Series A1 Preferred Stock Issued Upon Conversion Of Unsecured Convertible Notes
SharesOfSeriesA1PreferredStockIssuedUponConversionOfUnsecuredConvertibleNotes
21177 shares
CY2023 lvo Fair Value Of Series A1 Preferred Stock Issued Upon Conversion Of Unsecured Convertible Notes
FairValueOfSeriesA1PreferredStockIssuedUponConversionOfUnsecuredConvertibleNotes
21177000 usd
CY2022 lvo Fair Value Of Series A1 Preferred Stock Issued Upon Conversion Of Unsecured Convertible Notes
FairValueOfSeriesA1PreferredStockIssuedUponConversionOfUnsecuredConvertibleNotes
usd
CY2023 lvo Shares Issued In Connection With Senior Secured Convertible Notes And Unsecured Convertible Notes Modification And Extinguishment
SharesIssuedInConnectionWithSeniorSecuredConvertibleNotesAndUnsecuredConvertibleNotesModificationAndExtinguishment
2075000 shares
CY2022 lvo Shares Issued In Connection With Senior Secured Convertible Notes And Unsecured Convertible Notes Modification And Extinguishment
SharesIssuedInConnectionWithSeniorSecuredConvertibleNotesAndUnsecuredConvertibleNotesModificationAndExtinguishment
1248797 shares
CY2023 lvo Fair Value Of Stock Issued In Connection With Senior Secured Convertible Notes And Unsecured Convertible Notes Modification And Extinguishment
FairValueOfStockIssuedInConnectionWithSeniorSecuredConvertibleNotesAndUnsecuredConvertibleNotesModificationAndExtinguishment
1954000 usd
CY2022 lvo Fair Value Of Stock Issued In Connection With Senior Secured Convertible Notes And Unsecured Convertible Notes Modification And Extinguishment
FairValueOfStockIssuedInConnectionWithSeniorSecuredConvertibleNotesAndUnsecuredConvertibleNotesModificationAndExtinguishment
3484000 usd
CY2023 lvo Fair Value Of Options Issued To Employees Capitalized As Internallydeveloped Software
FairValueOfOptionsIssuedToEmployeesCapitalizedAsInternallydevelopedSoftware
26000 usd
CY2022 lvo Fair Value Of Options Issued To Employees Capitalized As Internallydeveloped Software
FairValueOfOptionsIssuedToEmployeesCapitalizedAsInternallydevelopedSoftware
196000 usd
CY2023 lvo Shares Of Common Stock Issued For Services
SharesOfCommonStockIssuedForServices
1200878 shares
CY2023 lvo Fair Value Of Common Stock Issued For Services
FairValueOfCommonStockIssuedForServices
349000 usd
CY2022 lvo Fair Value Of Common Stock Issued For Services
FairValueOfCommonStockIssuedForServices
usd
CY2022 lvo Common Stock Issued In Connection With Cps Acquisition
CommonStockIssuedInConnectionWithCPSAcquisition
791398 shares
CY2023 lvo Fair Value Of Shares Issued In Connection With Cps Acquisition
FairValueOfSharesIssuedInConnectionWithCPSAcquisition
usd
CY2022 lvo Fair Value Of Shares Issued In Connection With Cps Acquisition
FairValueOfSharesIssuedInConnectionWithCPSAcquisition
2127000 usd
CY2023 us-gaap Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Shares Issued1
NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationSharesIssued1
414137 shares
CY2023 lvo Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Amount Of Shares Issued
NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationAmountOfSharesIssued
493000 usd
CY2022 lvo Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Amount Of Shares Issued
NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationAmountOfSharesIssued
usd
CY2023Q1 lvo Shares Of Common Stock Issued To Consultant And Vendors To Settle Accounts Payable
SharesOfCommonStockIssuedToConsultantAndVendorsToSettleAccountsPayable
1259188 shares
CY2023 lvo Fair Value Of Common Stock Issued To Consultant And Vendors To Settle Accounts Payable
FairValueOfCommonStockIssuedToConsultantAndVendorsToSettleAccountsPayable
945000 usd
CY2022 lvo Fair Value Of Common Stock Issued To Consultant And Vendors To Settle Accounts Payable
FairValueOfCommonStockIssuedToConsultantAndVendorsToSettleAccountsPayable
usd
CY2023 lvo Fair Value Of Warrant And Derivative Liabilities Issued With Debt And Equity Instruments
FairValueOfWarrantAndDerivativeLiabilitiesIssuedWithDebtAndEquityInstruments
3280000 usd
CY2022 lvo Fair Value Of Warrant And Derivative Liabilities Issued With Debt And Equity Instruments
FairValueOfWarrantAndDerivativeLiabilitiesIssuedWithDebtAndEquityInstruments
usd
CY2023 lvo Fair Value Of Unsecured Convertible Note Premium
FairValueOfUnsecuredConvertibleNotePremium
usd
CY2022 lvo Fair Value Of Unsecured Convertible Note Premium
FairValueOfUnsecuredConvertibleNotePremium
4199000 usd
CY2022 lvo Shares Of Common Stock Issued In Connection With Gramophone Acquisition
SharesOfCommonStockIssuedInConnectionWithGramophoneAcquisition
79365 shares
CY2023 lvo Fair Value Of Shares Of Common Stock Issued In Connection With The Gramophone Acquisition
FairValueOfSharesOfCommonStockIssuedInConnectionWithTheGramophoneAcquisition
usd
CY2022 lvo Fair Value Of Shares Of Common Stock Issued In Connection With The Gramophone Acquisition
FairValueOfSharesOfCommonStockIssuedInConnectionWithTheGramophoneAcquisition
89000 usd
CY2023Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
8600000 usd
CY2023 lvo Net Loss
NetLoss
10000000 usd
CY2023Q1 us-gaap Cash
Cash
3800000 usd
CY2023 lvo Working Capital Deficiency
WorkingCapitalDeficiency
16800000 usd
CY2023 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
150000000 usd
CY2023Q1 us-gaap Derivative Variable Interest Rate
DerivativeVariableInterestRate
1 pure
CY2023Q1 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
800000 usd
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; text-decoration: underline; line-height: inherit;">Use of Estimates</span></p> <p style="margin: 0pt; text-align: justify; text-indent: 36pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;"> </span></p> <p style="margin: 0pt; text-align: justify; text-indent: 36pt; line-height: 1.2;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;">The preparation of the Company’s consolidated financial statements in conformity with the United States of America (“US”) generally accepted accounting principles (“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, 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, inventory calculations and reserves, the fair value of the Company’s equity-based compensation awards and convertible debt and debenture 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. </span></p>
CY2022 lvo Advertising Barter Transactions Advertising Barter Cost
AdvertisingBarterTransactionsAdvertisingBarterCost
4300000 usd
CY2023 lvo Amortization Period
AmortizationPeriod
P1Y
CY2023 lvo Advertising Barter Transactions Advertising Barter Cost
AdvertisingBarterTransactionsAdvertisingBarterCost
8400000 usd
CY2023 lvo Financial Term
FinancialTerm
P1Y
CY2022Q1 us-gaap Customer Refund Liability Current
CustomerRefundLiabilityCurrent
100000 usd
CY2023Q1 us-gaap Customer Refund Liability Current
CustomerRefundLiabilityCurrent
100000 usd
CY2023Q1 us-gaap Accrued Royalties Current And Noncurrent
AccruedRoyaltiesCurrentAndNoncurrent
16600000 usd
CY2022Q1 us-gaap Accrued Royalties Current And Noncurrent
AccruedRoyaltiesCurrentAndNoncurrent
13500000 usd
CY2023 us-gaap Advertising Expense
AdvertisingExpense
300000 usd
CY2022 us-gaap Advertising Expense
AdvertisingExpense
300000 usd
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
8409000 usd
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
12894000 usd
CY2023Q1 us-gaap Restricted Cash
RestrictedCash
240000 usd
CY2022Q1 us-gaap Restricted Cash
RestrictedCash
260000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8649000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
13154000 usd
CY2023Q1 us-gaap Restricted Cash
RestrictedCash
200000 usd
CY2022Q1 us-gaap Restricted Cash
RestrictedCash
300000 usd
CY2023Q1 us-gaap Accounts Receivable Gross
AccountsReceivableGross
14228000 usd
CY2022Q1 us-gaap Accounts Receivable Gross
AccountsReceivableGross
14404000 usd
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
570000 usd
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
717000 usd
CY2023Q1 us-gaap Accounts Receivable Net
AccountsReceivableNet
13658000 usd
CY2022Q1 us-gaap Accounts Receivable Net
AccountsReceivableNet
13687000 usd
CY2023Q1 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
2400000 usd
CY2022Q1 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
3400000 usd
CY2022 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segments
CY2023 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segments
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2022 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
0 usd
CY2023 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
0 usd
CY2022 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
117623000 usd
CY2022 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
43592000 usd
CY2022 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
-0.55
CY2023 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
1400000 usd
CY2022 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 usd
CY2022Q1 us-gaap Loans Payable
LoansPayable
3100000 usd
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; text-decoration: underline; line-height: inherit;">Concentration of Credit Risk</span></p> <p style="margin: 0pt; text-align: justify; text-indent: 36pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> </span></p> <p style="margin: 0pt; text-align: justify; text-indent: 36pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: 1.2;">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.</span></p>
CY2023Q1 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 usd
CY2023 lvo Subscription Services Revenues
SubscriptionServicesRevenues
52388000 usd
CY2022 lvo Subscription Services Revenues
SubscriptionServicesRevenues
41264000 usd
CY2023 lvo Advertising
Advertising
35143000 usd
CY2022 lvo Advertising
Advertising
33739000 usd
CY2023 lvo Merchandise
Merchandise
10830000 usd
CY2022 lvo Merchandise
Merchandise
15447000 usd
CY2023 lvo Sponsorship And Licensing
SponsorshipAndLicensing
429000 usd
CY2022 lvo Sponsorship And Licensing
SponsorshipAndLicensing
7051000 usd
CY2023 lvo Ticketevent
Ticketevent
821000 usd
CY2022 lvo Ticketevent
Ticketevent
19518000 usd
CY2023 us-gaap Revenues
Revenues
99611000 usd
CY2022 us-gaap Revenues
Revenues
117019000 usd
CY2023 us-gaap Revenue Performance Obligation Description Of Timing
RevenuePerformanceObligationDescriptionOfTiming
one year
CY2021Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1262000 usd
CY2022 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
-1262000 usd
CY2022 us-gaap Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Modification Of Contract
ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueModificationOfContract
1157000 usd
CY2022Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1157000 usd
CY2023 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
-506000 usd
CY2023 us-gaap Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Modification Of Contract
ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueModificationOfContract
341000 usd
CY2023Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
992000 usd
CY2022Q1 us-gaap Accumulated Amortization Of Other Deferred Costs
AccumulatedAmortizationOfOtherDeferredCosts
100000 usd
CY2022Q1 us-gaap Business Acquisition Cost Of Acquired Entity Transaction Costs
BusinessAcquisitionCostOfAcquiredEntityTransactionCosts
100000 usd
CY2023Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
22250000 usd
CY2022Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
20040000 usd
CY2023Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
18925000 usd
CY2022Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
15352000 usd
CY2023Q1 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
3325000 usd
CY2022Q1 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
4688000 usd
CY2023 us-gaap Depreciation
Depreciation
3600000 usd
CY2022 us-gaap Depreciation
Depreciation
3600000 usd
CY2023 us-gaap Number Of Reporting Units
NumberOfReportingUnits
2 number
CY2021Q1 us-gaap Goodwill Gross
GoodwillGross
22619000 usd
CY2022 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
459000 usd
CY2022 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
301000 usd
CY2022Q1 us-gaap Goodwill Gross
GoodwillGross
23379000 usd
CY2023 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
usd
CY2023Q1 us-gaap Goodwill Gross
GoodwillGross
23379000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
36422000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
30024000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
6398000 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
CY2023 us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
6000000 usd
CY2022 us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
6000000 usd
CY2023 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
1400000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
985000 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
1624000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
6398000 usd
CY2023Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
10960000 usd
CY2022Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
29640000 usd
CY2023Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
11539000 usd
CY2022Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
15505000 usd
CY2023Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
273000 usd
CY2022Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
273000 usd
CY2023Q1 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
22772000 usd
CY2022Q1 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
45418000 usd
CY2022 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-4300000 usd
CY2023 us-gaap Adjustments To Additional Paid In Capital Mark To Market
AdjustmentsToAdditionalPaidInCapitalMarkToMarket
4200000 usd
CY2022Q3 us-gaap Excess Stock Shares Issued
ExcessStockSharesIssued
500000 shares
CY2023Q1 us-gaap Notes Payable
NotesPayable
163000 usd
CY2022Q1 us-gaap Notes Payable
NotesPayable
160000 usd
CY2023Q1 us-gaap Notes Payable Current
NotesPayableCurrent
15000 usd
CY2022Q1 us-gaap Notes Payable Current
NotesPayableCurrent
12000 usd
CY2023Q1 us-gaap Long Term Notes Payable
LongTermNotesPayable
148000 usd
CY2022Q1 us-gaap Long Term Notes Payable
LongTermNotesPayable
148000 usd
CY2022Q3 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
1100000 usd
CY2023Q1 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
1200000 usd
CY2023Q1 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
100000 usd
CY2023 lvo Amortization To Interest Expense
AmortizationToInterestExpense
2800000 usd
CY2023 lvo Amortization Of Discount
AmortizationOfDiscount
1700000 usd
CY2023Q1 us-gaap Earnest Money Deposits
EarnestMoneyDeposits
150000000 usd
CY2023Q1 us-gaap Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
usd
CY2022Q1 us-gaap Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
usd
CY2023Q1 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
usd
CY2022Q1 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
5879000 usd
CY2023Q1 lvo Unsecured Convertible Notes Current
UnsecuredConvertibleNotesCurrent
usd
CY2022Q1 lvo Unsecured Convertible Notes Current
UnsecuredConvertibleNotesCurrent
usd
CY2023Q1 us-gaap Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
usd
CY2022Q1 us-gaap Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
5879000 usd
CY2023 us-gaap Interest And Debt Expense
InterestAndDebtExpense
600000 usd
CY2022 us-gaap Interest And Debt Expense
InterestAndDebtExpense
500000 usd
CY2022 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.
CY2023 lvo Unsecured Convertible Notes Payable Outstanding Percentage Description
UnsecuredConvertibleNotesPayableOutstandingPercentageDescription
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 March 31, 2014 and April 8, 2015, respectively. The first Trinad Note was due on March 31, 2018 and was extended to May 31, 2023 (as discussed below). At March 31, 2023, the balance due of $5.9 million, which included $1.4 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 six unsecured convertible notes payable to Trinad Capital for aggregate total principal amount of $1.1 million. The notes were due on various dates through March 31, 2018 and were extended to May 31, 2023 (as discussed below). As of March 31, 2023 and 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
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
CY2023 lvo Maximum Period For Filing Registration Statement
MaximumPeriodForFilingRegistrationStatement
P45D
CY2023 lvo Maximum Period For Declaring Registration Statement Effective
MaximumPeriodForDeclaringRegistrationStatementEffective
P60D
CY2023 lvo Maximum Period For Sec To Comment On Registration Statement
MaximumPeriodForSECToCommentOnRegistrationStatement
P120D
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 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”).
CY2023 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
CY2021Q2 lvo Shares Issued Of Common Stock
SharesIssuedOfCommonStock
60000 shares
CY2021Q2 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”).
CY2023 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. During the year ended March 31, 2023, pursuant to terms of the Amendments, the Company issued 250,000 shares valued a $0.2 million to Noteholders which was recorded as interest expense at the time of issuance.
CY2023 lvo Shares Of Restricted Common Stock Issued In Connection With Modification Of Debt Instruments
SharesOfRestrictedCommonStockIssuedInConnectionWithModificationOfDebtInstruments
250000 shares
CY2023 lvo Fair Value Of Restricted Common Stock Issued In Connection With Modification Of Debt Instruments
FairValueOfRestrictedCommonStockIssuedInConnectionWithModificationOfDebtInstruments
200000 usd
CY2022Q3 lvo Determined Value
DeterminedValue
100000 usd
CY2023 us-gaap Interest Expense Debt
InterestExpenseDebt
2400000 usd
CY2022 us-gaap Interest Expense Debt
InterestExpenseDebt
2300000 usd
CY2023 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
1200000 usd
CY2022 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
1000000 usd
CY2023Q1 us-gaap Subsidiary Or Equity Method Investee Cumulative Percentage Ownership After All Transactions
SubsidiaryOrEquityMethodInvesteeCumulativePercentageOwnershipAfterAllTransactions
1 pure
CY2023Q1 lvo Voting Rights Of Total Equity Percentage
VotingRightsOfTotalEquityPercentage
0.66 pure
CY2023Q1 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
2.1
CY2023Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
20000000000 usd
CY2023Q1 us-gaap Accelerated Share Repurchases Final Price Paid Per Share
AcceleratedShareRepurchasesFinalPricePaidPerShare
2.25
CY2023Q1 lvo Restricted Stock Shares Issued
RestrictedStockSharesIssued
56473 shares
CY2023 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-1000000 usd
CY2022Q3 us-gaap Debt Instrument Maturity Date Description
DebtInstrumentMaturityDateDescription
June 2024
CY2022Q3 us-gaap Line Of Credit Facility Interest Rate During Period
LineOfCreditFacilityInterestRateDuringPeriod
0.025 pure
CY2023 us-gaap Lessee Operating Lease Description
LesseeOperatingLeaseDescription
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
CY2023 us-gaap Operating Lease Expense
OperatingLeaseExpense
490000 usd
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
752000 usd
CY2023 us-gaap Short Term Lease Cost
ShortTermLeaseCost
141000 usd
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
210000 usd
CY2023 us-gaap Lease Cost
LeaseCost
631000 usd
CY2022 us-gaap Lease Cost
LeaseCost
962000 usd
CY2023Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
423000 usd
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
728000 usd
CY2023Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
273000 usd
CY2022Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
273000 usd
CY2023Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
161000 usd
CY2022Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
468000 usd
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
434000 usd
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
741000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
320000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
154000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
474000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
40000 usd
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
434000 usd
CY2023Q1 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.085 pure
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
300000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
300000 usd
CY2023Q1 lvo Non Current Contingent Consideration Liability From Business Combination
NonCurrentContingentConsiderationLiabilityFromBusinessCombination
174000 usd
CY2022Q1 lvo Non Current Contingent Consideration Liability From Business Combination
NonCurrentContingentConsiderationLiabilityFromBusinessCombination
174000 usd
CY2023Q1 lvo Accrued Royalties Non Current
AccruedRoyaltiesNonCurrent
3788000 usd
CY2022Q1 lvo Accrued Royalties Non Current
AccruedRoyaltiesNonCurrent
usd
CY2023Q1 lvo Accrued Legal Non Current
AccruedLegalNonCurrent
5616000 usd
CY2022Q1 lvo Accrued Legal Non Current
AccruedLegalNonCurrent
usd
CY2023Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
9578000 usd
CY2022Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
174000 usd
CY2023Q1 lvo Accrued Royalties Non Current
AccruedRoyaltiesNonCurrent
3800000 usd
CY2023Q1 lvo Accrued Legal Non Current
AccruedLegalNonCurrent
5600000 usd
CY2023Q1 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
8600000 usd
CY2023Q1 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
600000 usd
CY2023Q1 us-gaap Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
300000 usd
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
CY2023Q1 us-gaap Prepaid Royalties
PrepaidRoyalties
100000 usd
CY2023 lvo Termination Term
TerminationTerm
P1Y
CY2023 us-gaap Stock Issued During Period Shares Purchase Of Assets
StockIssuedDuringPeriodSharesPurchaseOfAssets
200000 shares
CY2023 lvo Shares Of Common Stock Issued To Vendors To Settle Accounts Payable
SharesOfCommonStockIssuedToVendorsToSettleAccountsPayable
597918 shares
CY2023 lvo Fair Value Of Common Stock Issued To Vendors To Settle Accounts Payable
FairValueOfCommonStockIssuedToVendorsToSettleAccountsPayable
400000 usd
CY2023 lvo Fair Value Of Common Stock Issued To Vendors To Settle Accounts Payable
FairValueOfCommonStockIssuedToVendorsToSettleAccountsPayable
400000 usd
CY2023 us-gaap Intercompany Agreements Description
IntercompanyAgreementsDescription
As of March 31, 2023, 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.
CY2023 lvo Aggregate Amount
AggregateAmount
10500000 usd
CY2023 us-gaap Salaries And Wages
SalariesAndWages
500000 usd
CY2022Q4 us-gaap Loss Contingency Damages Awarded Value
LossContingencyDamagesAwardedValue
9800000 usd
CY2023 lvo Maximum Percentage Of Qualified Wages
MaximumPercentageOfQualifiedWages
0.70 pure
CY2022Q1 lvo Employee Retention Credits Receivable
EmployeeRetentionCreditsReceivable
2000000 usd
CY2023 lvo Employee Retention Credits Income From Government
EmployeeRetentionCreditsIncomeFromGovernment
800000 usd
CY2022 lvo Employee Retention Credits Income From Government
EmployeeRetentionCreditsIncomeFromGovernment
1200000 usd
CY2023 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. The Company provided a contribution of $0.1 million and $0.1 million, to its employees for the years ended March 31, 2023 and 2022, respectively.
CY2023Q1 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
510000000 shares
CY2023 us-gaap Conversion Of Stock Shares Issued1
ConversionOfStockSharesIssued1
500000000 shares
CY2023Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2023Q1 us-gaap Preferred Stock Convertible Shares Issuable
PreferredStockConvertibleSharesIssuable
10000000 shares
CY2023Q1 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
CY2023 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
2220914 shares
CY2022 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
0 shares
CY2023Q1 us-gaap Common Stock Discount On Shares
CommonStockDiscountOnShares
2200000 usd
CY2022Q1 us-gaap Common Stock Discount On Shares
CommonStockDiscountOnShares
0 usd
CY2023Q1 us-gaap Preferred Stock Redemption Price Per Share
PreferredStockRedemptionPricePerShare
2.1
CY2023 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.12 pure
CY2023 us-gaap Proceeds From Issuance Of Mandatory Redeemable Capital Securities
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1 pure
CY2023 lvo Voting Rights Of Total Equity Percentage
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CY2023Q1 us-gaap Preferred Stock Convertible Conversion Price
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2.1
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20000000 usd
CY2023 us-gaap Accelerated Share Repurchases Final Price Paid Per Share
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2.25
CY2023 lvo Aggregate Shares
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56473 shares
CY2023Q1 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
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CY2023 us-gaap Allocated Share Based Compensation Expense
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CY2022 us-gaap Allocated Share Based Compensation Expense
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CY2023 us-gaap Allocated Share Based Compensation Expense Net Of Tax
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CY2023 lvo Sharebased Award Bonus
SharebasedAwardBonus
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CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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43000 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.74
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
pure
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
pure
CY2023 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
0 usd
CY2022 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
900000 usd
CY2023 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
4000000 usd
CY2022 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
700000 usd
CY2023 lvo Fair Value Of Stock Options Outstanding And Exercisable
FairValueOfStockOptionsOutstandingAndExercisable
8600000 usd
CY2022 lvo Fair Value Of Stock Options Outstanding And Exercisable
FairValueOfStockOptionsOutstandingAndExercisable
12700000 usd
CY2022Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
0 usd
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y10M24D
CY2023 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
2300000 usd
CY2022 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
10700000 usd
CY2023 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
1100000 usd
CY2022 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
5000000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-43729000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
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CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-9954000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
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CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
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CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
70000 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
22000 usd
CY2023 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
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CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
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CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
70000 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
22000 usd
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
2000 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
86000 usd
CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-7000 usd
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
75000 usd
CY2023 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
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CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
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CY2023 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-5000 usd
CY2022 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
161000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
65000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
183000 usd
CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-2056000 usd
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-9183000 usd
CY2023 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-9000 usd
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-1343000 usd
CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
1292000 usd
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
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CY2023 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
86000 usd
CY2022 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
-51000 usd
CY2023 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
228000 usd
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
10175000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
371000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
usd
CY2023 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
153000 usd
CY2022 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
585000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
65000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
183000 usd
CY2023 lvo Federal And State Net Operating Loss Carry Forwards Description
FederalAndStateNetOperatingLossCarryForwardsDescription
the Company had available federal and state net operating loss carryforwards to reduce future taxable income of approximately $143.6 million and $91.7 million, respectively. The federal and state net operating loss carryforwards begin to expire on various dates beginning in 2028. Of the $143.6 million of federal net operating loss carryforwards, $54.1 million was generated in tax years beginning before March 31, 2018 and is subject to the 20-year carryforward period (“pre-Tax Act losses”), the remaining $89.5 million (“post-Tax Act losses”) can be carried forward indefinitely but is subject to the 80% taxable income limitation.
CY2023 us-gaap Income Tax Examination Description
IncomeTaxExaminationDescription
The Company obtained $136.0 million and $2.6 million of net operating loss and credit carryforwards, respectively, through the acquisition of Slacker, Inc. in December 2017. Utilization of these losses is limited by Section 382 and 383 of the Code in fiscal year end March 31, 2018 and each taxable year thereafter. The Company has estimated a limitation and revalued the losses and credits at $22.0 million and $0, respectively. It is possible that the utilization of these NOL carryforwards and tax credits may be further limited. The Company will undertake a study to determine the applicable limitations, if any. Upon the attainment of taxable income by the Company, management will assess the likelihood of realizing the tax benefit associated with the use of the carryforwards and will recognize the appropriate deferred tax asset at that time.
CY2023Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
35760000 usd
CY2022Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
36368000 usd
CY2023Q1 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
64000 usd
CY2022Q1 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
258000 usd
CY2023Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
1393000 usd
CY2022Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
1718000 usd
CY2023Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
3187000 usd
CY2022Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
3868000 usd
CY2023Q1 us-gaap Deferred Tax Asset Interest Carryforward
DeferredTaxAssetInterestCarryforward
2000000 usd
CY2022Q1 us-gaap Deferred Tax Asset Interest Carryforward
DeferredTaxAssetInterestCarryforward
1125000 usd
CY2023Q1 us-gaap Deferred Tax Assets Charitable Contribution Carryforwards
DeferredTaxAssetsCharitableContributionCarryforwards
18000 usd
CY2022Q1 us-gaap Deferred Tax Assets Charitable Contribution Carryforwards
DeferredTaxAssetsCharitableContributionCarryforwards
69000 usd
CY2023Q1 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
42422000 usd
CY2022Q1 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
43406000 usd
CY2023Q1 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
107000 usd
CY2022Q1 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
185000 usd
CY2023Q1 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
2627000 usd
CY2022Q1 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
3767000 usd
CY2023Q1 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
39688000 usd
CY2022Q1 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
39454000 usd
CY2023Q1 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
40020000 usd
CY2022Q1 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
39792000 usd
CY2023Q1 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
332000 usd
CY2022Q1 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
338000 usd
CY2023Q1 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
40000000 usd
CY2022Q1 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
39800000 usd
CY2023Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
200000 usd
CY2023 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segments
CY2023 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segments
CY2023 us-gaap Revenues
Revenues
99611000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-10019000 usd
CY2022 us-gaap Revenues
Revenues
117019000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-43912000 usd
CY2023Q1 us-gaap Other Assets Fair Value Disclosure
OtherAssetsFairValueDisclosure
140000 usd
CY2023Q1 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
140000 usd
CY2023Q1 lvo Contingent Consideration Liability From Acquisition One Fair Value Disclosure
ContingentConsiderationLiabilityFromAcquisitionOneFairValueDisclosure
174000 usd
CY2023Q1 lvo Warrant Liability On Bridge Loan Fair Value Disclosure
WarrantLiabilityOnBridgeLoanFairValueDisclosure
1860000 usd
CY2023Q1 lvo Bifurcated Embedded Derivative On Bridge Loan Fair Value Disclosure
BifurcatedEmbeddedDerivativeOnBridgeLoanFairValueDisclosure
1288000 usd
CY2023Q1 lvo Bifurcated Embedded Derivative On Series A1 Preferred Stock Fair Value Disclosure
BifurcatedEmbeddedDerivativeOnSeriesA1PreferredStockFairValueDisclosure
376000 usd
CY2023Q1 us-gaap Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
3698000 usd
CY2022Q1 lvo Contingent Consideration Liability From Acquisition Two Fair Value Disclosure
ContingentConsiderationLiabilityFromAcquisitionTwoFairValueDisclosure
2965000 usd
CY2022Q1 lvo Contingent Consideration Liability From Acquisition Three Fair Value Disclosure
ContingentConsiderationLiabilityFromAcquisitionThreeFairValueDisclosure
174000 usd
CY2022Q1 lvo Bifurcated Embedded Derivative On Senior Secured Convertible Note Payable Fair Value Disclosure
BifurcatedEmbeddedDerivativeOnSeniorSecuredConvertibleNotePayableFairValueDisclosure
18000 usd
CY2022Q1 us-gaap Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
3157000 usd
CY2021Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
5067000 usd
CY2022 lvo Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Change In Fair Value Of Bifurcated Embedded Derivatives Reported In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisChangeInFairValueOfBifurcatedEmbeddedDerivativesReportedInEarnings
-113000 usd
CY2022 lvo Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Change In Fair Value Of Contingent Consideration Liabilities Reported In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisChangeInFairValueOfContingentConsiderationLiabilitiesReportedInEarnings
-145000 usd
CY2022 lvo Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Common Stock Settlement Of Contingent Consideration Liability From Acquisition Three
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisCommonStockSettlementOfContingentConsiderationLiabilityFromAcquisitionThree
1826000 usd
CY2022 lvo Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Initial Measurement Of Contingent Consideration For Acquisition One
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisInitialMeasurementOfContingentConsiderationForAcquisitionOne
174000 usd
CY2022Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
3157000 usd
CY2023 lvo Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Issuance Of Embedded Derivative And Warrant In Connection With Bridge Loan
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisIssuanceOfEmbeddedDerivativeAndWarrantInConnectionWithBridgeLoan
2845000 usd
CY2023 lvo Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Issuance Of Embedded Derivative And Warrant In Connection With Series A1 Preferred Stock
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisIssuanceOfEmbeddedDerivativeAndWarrantInConnectionWithSeriesA1PreferredStock
173000 usd
CY2023 lvo Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Settlement Of Contingent Consideration From Acquisition Two
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisSettlementOfContingentConsiderationFromAcquisitionTwo
3000000 usd
CY2023 lvo Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Change In Fair Value Of Bifurcated Embedded Derivatives Reported In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisChangeInFairValueOfBifurcatedEmbeddedDerivativesReportedInEarnings
523000 usd
CY2023Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
3698000 usd
CY2023 lvo Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Settlement Of Contingent Consideration From Acquisition Two
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisSettlementOfContingentConsiderationFromAcquisitionTwo
3000000 usd
CY2023 us-gaap Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Shares Issued1
NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationSharesIssued1
414137 shares
CY2023 lvo Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Amount Of Shares Issued
NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationAmountOfSharesIssued
500000 usd
CY2023 lvo Payment Of Contingent Consideration
PaymentOfContingentConsideration
300000 usd
CY2023 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
2200000 usd
CY2023 lvo Forgiveness Amount Of Contingent Consideration
ForgivenessAmountOfContingentConsideration
2200000 usd
CY2023 lvo Bifurcated Embedded Derivative On Secured Convertible Notes Payable Market Yield
BifurcatedEmbeddedDerivativeOnSecuredConvertibleNotesPayableMarketYield
pure
CY2022 lvo Bifurcated Embedded Derivative On Secured Convertible Notes Payable Market Yield
BifurcatedEmbeddedDerivativeOnSecuredConvertibleNotesPayableMarketYield
0.047 pure
CY2022Q1 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
200000 usd
us-gaap Other Expenses
OtherExpenses
200000 usd
CY2023Q1 lvo Bridge Loan Fair Value Disclosure
BridgeLoanFairValueDisclosure
4726000 usd
CY2022Q1 lvo Secured Convertible Notes Payable Net Fair Value Disclosure
SecuredConvertibleNotesPayableNetFairValueDisclosure
13650000 usd
CY2022Q1 lvo Unsecured Convertible Notes Payable Related Party Net Fair Value Disclosure
UnsecuredConvertibleNotesPayableRelatedPartyNetFairValueDisclosure
5879000 usd

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