2023 Q4 Form 10-Q Financial Statement

#000143774923032626 Filed on November 20, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2022 Q3
Revenue $31.25M $28.53M $23.53M
YoY Change 14.41% 21.23% 7.33%
Cost Of Revenue $23.27M $20.55M $13.74M
YoY Change 20.17% 49.52% -14.39%
Gross Profit $7.978M $7.981M $9.790M
YoY Change 0.39% -18.48% 66.7%
Gross Profit Margin 25.53% 27.98% 41.6%
Selling, General & Admin $7.394M $8.605M $6.837M
YoY Change 20.36% 25.86% -41.31%
% of Gross Profit 92.68% 107.82% 69.84%
Research & Development $694.0K $1.439M $1.240M
YoY Change -32.95% 16.05% -16.78%
% of Gross Profit 8.7% 18.03% 12.67%
Depreciation & Amortization $800.0K $800.0K $2.700M
YoY Change -27.27% -70.37% 11.8%
% of Gross Profit 10.03% 10.02% 27.58%
Operating Expenses $8.088M $10.04M $8.077M
YoY Change 12.68% 24.35% -48.02%
Operating Profit -$753.0K -$2.515M -$987.0K
YoY Change 31.18% 154.81% -89.79%
Interest Expense -$1.279M -$780.0K -$2.576M
YoY Change -42.39% -69.72% 141.2%
% of Operating Profit
Other Income/Expense, Net -$1.486M -$5.433M -$2.393M
YoY Change -24.3% 127.04% 1259.66%
Pretax Income -$2.239M -$7.948M -$29.00K
YoY Change 20254.55% 27306.9% -99.81%
Income Tax -$15.00K -$21.00K $3.380M
% Of Pretax Income
Net Earnings -$1.574M -$7.580M -$3.409M
YoY Change -38.23% 122.35% -77.63%
Net Earnings / Revenue -5.04% -26.57% -14.49%
Basic Earnings Per Share -$0.03 -$0.09 -$0.04
Diluted Earnings Per Share -$0.02 -$0.09 -$0.04
COMMON SHARES
Basic Shares Outstanding 91.18M 90.20M shares 84.29M shares
Diluted Shares Outstanding 84.71M shares

Balance Sheet

Concept 2023 Q4 2023 Q3 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.248M $3.606M $7.151M
YoY Change -24.29% -49.57% -56.6%
Cash & Equivalents $6.248M $3.606M $7.151M
Short-Term Investments
Other Short-Term Assets $1.762M $3.164M $3.109M
YoY Change -41.13% 1.77% -56.33%
Inventory $2.092M $2.280M $2.201M
Prepaid Expenses
Receivables $16.06M $17.18M $12.96M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $26.16M $26.23M $25.42M
YoY Change -5.66% 3.21% -38.83%
LONG-TERM ASSETS
Property, Plant & Equipment $3.634M $2.990M $4.091M
YoY Change -1.17% -26.91% -26.63%
Goodwill $23.38M $23.38M $23.38M
YoY Change 0.0% 0.0%
Intangibles $12.54M $12.64M $12.62M
YoY Change 11.14% 0.14%
Long-Term Investments
YoY Change
Other Assets $122.0K $157.0K $579.0K
YoY Change -75.94% -72.88%
Total Long-Term Assets $39.67M $39.17M $40.67M
YoY Change 2.13% -3.7% -15.31%
TOTAL ASSETS
Total Short-Term Assets $26.16M $26.23M $25.42M
Total Long-Term Assets $39.67M $39.17M $40.67M
Total Assets $65.83M $65.40M $66.09M
YoY Change -1.11% -1.04% -26.22%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.31M $10.85M $19.04M
YoY Change -43.61% -43.02% -9.05%
Accrued Expenses $13.26M $13.88M $9.193M
YoY Change 144.2% 50.96% -68.39%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $2.949M
YoY Change -100.0% -100.0%
Long-Term Debt Due $7.694M $7.694M $315.0K
YoY Change 51193.33% 2342.54% -86.25%
Total Short-Term Liabilities $47.68M $46.66M $44.79M
YoY Change 0.55% 4.16% -24.31%
LONG-TERM LIABILITIES
Long-Term Debt $941.0K $1.055M $26.18M
YoY Change -96.44% -95.97% -1.04%
Other Long-Term Liabilities $7.406M $8.906M $4.928M
YoY Change 58.45% 80.72% 315.16%
Total Long-Term Liabilities $7.406M $8.906M $31.11M
YoY Change -76.2% -71.37% 12.54%
TOTAL LIABILITIES
Total Short-Term Liabilities $47.68M $46.66M $44.79M
Total Long-Term Liabilities $7.406M $8.906M $31.11M
Total Liabilities $56.64M $57.08M $76.24M
YoY Change -28.19% -25.13% -12.33%
SHAREHOLDERS EQUITY
Retained Earnings -$236.0M -$233.6M -$215.9M
YoY Change 8.01% 8.2%
Common Stock $91.00K $91.00K $88.00K
YoY Change 3.41% 3.41%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.863M $3.750M $1.938M
YoY Change 99.33% 93.5%
Treasury Stock Shares
Shareholders Equity -$4.689M -$5.978M -$10.15M
YoY Change
Total Liabilities & Shareholders Equity $65.83M $65.40M $66.09M
YoY Change -1.11% -1.04% -26.22%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2022 Q3
OPERATING ACTIVITIES
Net Income -$1.574M -$7.580M -$3.409M
YoY Change -38.23% 122.35% -77.63%
Depreciation, Depletion And Amortization $800.0K $800.0K $2.700M
YoY Change -27.27% -70.37% 11.8%
Cash From Operating Activities $3.849M -$1.265M -$6.771M
YoY Change 77.13% -81.32% -13.34%
INVESTING ACTIVITIES
Capital Expenditures $980.0K $1.170M -$493.0K
YoY Change 27.11% -337.32% -47.5%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$980.0K -$1.170M -$493.0K
YoY Change 27.11% 137.32% -47.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -227.0K 1.017M 3.309M
YoY Change -24.33% -69.27% 323.69%
NET CHANGE
Cash From Operating Activities 3.849M -1.265M -6.771M
Cash From Investing Activities -980.0K -1.170M -493.0K
Cash From Financing Activities -227.0K 1.017M 3.309M
Net Change In Cash 2.642M -1.418M -3.955M
YoY Change 139.75% -64.15% -50.38%
FREE CASH FLOW
Cash From Operating Activities $3.849M -$1.265M -$6.771M
Capital Expenditures $980.0K $1.170M -$493.0K
Free Cash Flow $2.869M -$2.435M -$6.278M
YoY Change 104.64% -61.21% -8.67%

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us-gaap Income Tax Expense Benefit
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58000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
27000 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
-7927000 usd
CY2022Q3 us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
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CY2023Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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CY2022Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
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CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
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CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
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CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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84709971
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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484000 usd
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CY2023Q2 us-gaap Dividends Preferred Stock Cash
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CY2023Q2 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
393000 usd
CY2023Q2 us-gaap Treasury Stock Value Acquired Cost Method
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1013000 usd
CY2023Q2 lvo Net Income Loss Including Noncontrolling Interest
NetIncomeLossIncludingNoncontrollingInterest
-515000 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2023Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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1767000 usd
CY2023Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
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CY2023Q3 us-gaap Stock Issued During Period Value Purchase Of Assets
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CY2023Q3 us-gaap Dividends Preferred Stock Cash
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628000 usd
CY2023Q3 us-gaap Adjustments To Additional Paid In Capital Convertible Debt With Conversion Feature
AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature
4752000 usd
CY2023Q3 us-gaap Stockholders Equity Note Spinoff Transaction
StockholdersEquityNoteSpinoffTransaction
0 usd
CY2023Q3 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
0 usd
CY2023Q3 lvo Reclassifications Of Common Stock Warrants
ReclassificationsOfCommonStockWarrants
5896000 usd
CY2023Q3 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
521000 usd
CY2023Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
8000 usd
CY2023Q3 lvo Stock Issued During Period Value Preferred Shares
StockIssuedDuringPeriodValuePreferredShares
1053000 usd
CY2023Q3 us-gaap Treasury Stock Value Acquired Cost Method
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575000 usd
CY2023Q3 lvo Net Income Loss Including Noncontrolling Interest
NetIncomeLossIncludingNoncontrollingInterest
-7927000 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3494000 usd
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-10916000 usd
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
788000 usd
CY2022Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 usd
CY2022Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
997000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
1348000 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-9777000 usd
CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1396000 usd
CY2022Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
2000 usd
CY2022Q3 us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
1142000 usd
CY2022Q3 lvo Stock Issued During Period Value Settlement Of Earnout
StockIssuedDuringPeriodValueSettlementOfEarnout
493000 usd
CY2022Q3 lvo Stock Issued During Period Value Settlement Of Accrued Expenses
StockIssuedDuringPeriodValueSettlementOfAccruedExpenses
945000 usd
CY2022Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
941000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-3409000 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-10149000 usd
us-gaap Profit Loss
ProfitLoss
-8422000 usd
us-gaap Profit Loss
ProfitLoss
-2061000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2298000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
4611000 usd
us-gaap Paid In Kind Interest
PaidInKindInterest
269000 usd
us-gaap Paid In Kind Interest
PaidInKindInterest
200000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
3594000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-5763000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
2184000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1110000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1261000 usd
us-gaap Embedded Derivative Gain Loss On Embedded Derivative Net
EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet
-3977000 usd
us-gaap Embedded Derivative Gain Loss On Embedded Derivative Net
EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet
571000 usd
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
174000 usd
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
-2220000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
0 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-6158000 usd
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
132000 usd
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
0 usd
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 usd
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
1356000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
3658000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-729000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
412000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
992000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-316000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
270000 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-221000 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-155000 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-112000 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-144000 usd
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
-1548000 usd
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
-6767000 usd
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
2016000 usd
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
1890000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-45000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-6797000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1264000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1254000 usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
536000 usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
24000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1800000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1278000 usd
us-gaap Repayments Of Other Short Term Debt
RepaymentsOfOtherShortTermDebt
3000000 usd
us-gaap Repayments Of Other Short Term Debt
RepaymentsOfOtherShortTermDebt
-0 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
1700000 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0 usd
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
113000 usd
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
-0 usd
us-gaap Proceeds From Other Short Term Debt
ProceedsFromOtherShortTermDebt
0 usd
us-gaap Proceeds From Other Short Term Debt
ProceedsFromOtherShortTermDebt
4376000 usd
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
-0 usd
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
426000 usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
0 usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
300000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
8000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1588000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1938000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2993000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2312000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-4838000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
8649000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
13154000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
3811000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
7391000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
0 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
0 usd
us-gaap Interest Paid Net
InterestPaidNet
641000 usd
us-gaap Interest Paid Net
InterestPaidNet
825000 usd
us-gaap Debt Conversion Original Debt Amount1
DebtConversionOriginalDebtAmount1
4752000 usd
us-gaap Debt Conversion Original Debt Amount1
DebtConversionOriginalDebtAmount1
0 usd
CY2023Q3 us-gaap Derivative Instruments Not Designated As Hedging Instruments Liability At Fair Value
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsLiabilityAtFairValue
0 usd
CY2022Q3 us-gaap Derivative Instruments Not Designated As Hedging Instruments Liability At Fair Value
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsLiabilityAtFairValue
2845000 usd
lvo Stock Issued During Period Value Settlement Of Earnout
StockIssuedDuringPeriodValueSettlementOfEarnout
0 usd
lvo Stock Issued During Period Value Settlement Of Earnout
StockIssuedDuringPeriodValueSettlementOfEarnout
493000 usd
us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
0 usd
us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
1142000 usd
lvo Stock Issued During Period Value Settlement Of Accrued Expenses
StockIssuedDuringPeriodValueSettlementOfAccruedExpenses
0 usd
lvo Stock Issued During Period Value Settlement Of Accrued Expenses
StockIssuedDuringPeriodValueSettlementOfAccruedExpenses
945000 usd
CY2023Q3 us-gaap Warrants Not Settleable In Cash Fair Value Disclosure
WarrantsNotSettleableInCashFairValueDisclosure
5896000 usd
CY2022Q3 us-gaap Warrants Not Settleable In Cash Fair Value Disclosure
WarrantsNotSettleableInCashFairValueDisclosure
1604000 usd
us-gaap Stock Issued1
StockIssued1
322000 usd
us-gaap Stock Issued1
StockIssued1
0 usd
us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
851000 usd
us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
0 usd
lvo Fair Value Of Intangible Assets Acquired With Common Shares
FairValueOfIntangibleAssetsAcquiredWithCommonShares
917000 usd
lvo Fair Value Of Intangible Assets Acquired With Common Shares
FairValueOfIntangibleAssetsAcquiredWithCommonShares
0 usd
lvo Fair Value Of Options To Employees Capitalized As Software
FairValueOfOptionsToEmployeesCapitalizedAsSoftware
0 usd
lvo Fair Value Of Options To Employees Capitalized As Software
FairValueOfOptionsToEmployeesCapitalizedAsSoftware
26000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3800000 usd
us-gaap Profit Loss
ProfitLoss
-8400000 usd
CY2023Q3 lvo Working Capital
WorkingCapital
20400000 usd
CY2023Q3 lvo Potential Financing Amount
PotentialFinancingAmount
150000000 usd
CY2023Q1 us-gaap Accrued Payroll Taxes Current And Noncurrent
AccruedPayrollTaxesCurrentAndNoncurrent
800000 usd
us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;"><i><span style="text-decoration: underline; ">Use of Estimates</span></i></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:36pt;">The preparation of the Company’s condensed 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-<em style="font: inherit;">19</em> 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-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p>
CY2023Q3 us-gaap Customer Refund Liability Current
CustomerRefundLiabilityCurrent
100000 usd
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2281667
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3525191
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
5960593
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-7580000 usd
us-gaap Net Income Loss
NetIncomeLoss
-8075000 usd
CY2023Q3 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
628000 usd
us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
1254000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-8208000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-9329000 usd
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
87222168
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
87097201
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.09
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.11
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3606000 usd
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
8409000 usd
CY2023Q3 us-gaap Restricted Cash
RestrictedCash
205000 usd
CY2022Q3 us-gaap Restricted Cash
RestrictedCash
240000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3811000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8649000 usd
CY2023Q3 us-gaap Restricted Cash Current
RestrictedCashCurrent
200000 usd
CY2022Q3 us-gaap Restricted Cash Current
RestrictedCashCurrent
200000 usd
CY2023Q3 us-gaap Accounts Receivable Gross
AccountsReceivableGross
17886000 usd
CY2022Q3 us-gaap Accounts Receivable Gross
AccountsReceivableGross
14228000 usd
CY2023Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
702000 usd
CY2022Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
570000 usd
CY2023Q3 us-gaap Accounts Receivable Net
AccountsReceivableNet
17184000 usd
CY2022Q3 us-gaap Accounts Receivable Net
AccountsReceivableNet
13658000 usd
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><i><span style="text-decoration: underline; ">Concentration of Credit Risk</span></i></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:36pt;">The Company maintains cash balances at commercial banks. Cash balances commonly exceed the <em style="font: inherit;">$250,000</em> amount insured by the Federal Deposit Insurance Corporation. The Company has <em style="font: inherit;">not</em> experienced any losses in such accounts, and management believes that the Company is <em style="font: inherit;">not</em> exposed to any significant credit risk with respect to such cash and cash equivalents.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p>
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
28528000 usd
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
23532000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
56295000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
46755000 usd
CY2023Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
992000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
392000 usd
us-gaap Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Modification Of Contract
ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueModificationOfContract
280000 usd
CY2023Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
880000 usd
CY2023Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
23511000 usd
CY2022Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
22250000 usd
CY2023Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
20521000 usd
CY2022Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
18925000 usd
CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2990000 usd
CY2022Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3325000 usd
CY2023Q3 us-gaap Depreciation
Depreciation
800000 usd
us-gaap Depreciation
Depreciation
1600000 usd
CY2022Q3 us-gaap Depreciation
Depreciation
900000 usd
us-gaap Depreciation
Depreciation
1800000 usd
CY2023Q1 us-gaap Goodwill
Goodwill
23379000 usd
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
0 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2023Q3 us-gaap Goodwill
Goodwill
23379000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
38727000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-30724000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
8003000 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
CY2023Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
500000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
700000 usd
CY2022Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1300000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2700000 usd
us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
1400000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
930000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
1807000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1629000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1024000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
513000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
2100000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
8003000 usd
CY2023Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
10846000 usd
CY2023Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
10960000 usd
CY2023Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
13878000 usd
CY2023Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
11539000 usd
CY2023Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
269000 usd
CY2023Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
273000 usd
CY2023Q3 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
24993000 usd
CY2023Q1 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
22772000 usd
CY2023Q3 us-gaap Notes Payable
NotesPayable
1749000 usd
CY2023Q1 us-gaap Notes Payable
NotesPayable
163000 usd
CY2023Q3 us-gaap Notes Payable Current
NotesPayableCurrent
694000 usd
CY2023Q1 us-gaap Notes Payable Current
NotesPayableCurrent
15000 usd
CY2023Q3 us-gaap Long Term Notes Payable
LongTermNotesPayable
1055000 usd
CY2023Q1 us-gaap Long Term Notes Payable
LongTermNotesPayable
148000 usd
CY2023Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
273000 usd
CY2023Q2 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P1Y
us-gaap Operating Lease Cost
OperatingLeaseCost
392000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
312000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
70000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
27000 usd
us-gaap Lease Cost
LeaseCost
462000 usd
us-gaap Lease Cost
LeaseCost
339000 usd
CY2023Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
259000 usd
CY2023Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
423000 usd
CY2023Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
269000 usd
CY2023Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
0 usd
CY2023Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
161000 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
269000 usd
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
434000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
153000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
140000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
293000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
24000 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
269000 usd
CY2023Q3 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.085 pure
CY2023Q3 us-gaap Asset Acquisition Contingent Consideration Liability Noncurrent
AssetAcquisitionContingentConsiderationLiabilityNoncurrent
0 usd
CY2023Q1 us-gaap Asset Acquisition Contingent Consideration Liability Noncurrent
AssetAcquisitionContingentConsiderationLiabilityNoncurrent
174000 usd
CY2023Q3 us-gaap Accrued Royalties Current And Noncurrent
AccruedRoyaltiesCurrentAndNoncurrent
4535000 usd
CY2023Q1 us-gaap Accrued Royalties Current And Noncurrent
AccruedRoyaltiesCurrentAndNoncurrent
3788000 usd
CY2023Q3 us-gaap Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
4115000 usd
CY2023Q1 us-gaap Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
5616000 usd
CY2023Q3 lvo Other Liabilities Noncurrent Miscellaneous
OtherLiabilitiesNoncurrentMiscellaneous
256000 usd
CY2023Q1 lvo Other Liabilities Noncurrent Miscellaneous
OtherLiabilitiesNoncurrentMiscellaneous
0 usd
CY2023Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
8906000 usd
CY2023Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
9578000 usd
CY2023Q3 us-gaap Prepaid Royalties
PrepaidRoyalties
300000 usd
us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
0.05 pure
CY2023Q3 lvo Stock Authorized
StockAuthorized
510000000
CY2023Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000
CY2023Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2023Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000
CY2023Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2022Q4 lvo Stock Repurchase Program Increase In Authorized Amount
StockRepurchaseProgramIncreaseInAuthorizedAmount
2000000 usd
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1009744
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
2000000
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
1600000 usd
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
1900000 usd
CY2023Q3 lvo Stock Issued To Noncontrolling Owners
StockIssuedToNoncontrollingOwners
4300000
CY2023Q3 lvo Stock Issued To Noncontrolling Owners
StockIssuedToNoncontrollingOwners
4300000
CY2023Q3 us-gaap Noncontrolling Interest Increase From Sale Of Parent Equity Interest
NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest
1500000 usd
CY2023Q3 lvo Stock Issued To Noncontrolling Owners
StockIssuedToNoncontrollingOwners
3100000
CY2023Q3 us-gaap Noncontrolling Interest Increase From Sale Of Parent Equity Interest
NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest
2400000 usd
CY2023Q3 us-gaap Revenues
Revenues
28528000 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
-7927000 usd
CY2022Q3 us-gaap Revenues
Revenues
23532000 usd
CY2022Q3 us-gaap Profit Loss
ProfitLoss
-3409000 usd
us-gaap Revenues
Revenues
56295000 usd
us-gaap Profit Loss
ProfitLoss
-8422000 usd
us-gaap Revenues
Revenues
46755000 usd
us-gaap Profit Loss
ProfitLoss
-2061000 usd

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