$LVO
LiveOne, Inc. Stock $lvo

$lvo Overview Financials Valuation SEC Filings Company Website

2014 Q4 Form 10-Q Financial Statement

#000161577414000353 Filed on November 14, 2014

Income Statement

Concept	2014 Q4	2014 Q3	2013 Q3
Revenue	$2.302M	$1.589M	$1.185M
YoY Change	0.69%	34.15%
Cost Of Revenue	$319.1K	$253.1K	$181.6K
YoY Change	-5.68%	39.43%
Gross Profit	$1.983M	$1.336M	$1.003M
YoY Change	1.79%	33.19%
Gross Profit Margin	86.14%	84.07%	84.68%
Selling, General & Admin	$697.0K	$763.9K	$538.7K
YoY Change	-6.14%	41.82%
% of Gross Profit	35.15%	57.16%	53.69%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$40.00K	$40.00K	$294.00
YoY Change		13505.44%	-58.3%
% of Gross Profit	2.02%	2.99%	0.03%
Operating Expenses	$1.962M	$2.114M	$948.9K
YoY Change	0.29%	122.82%	311.34%
Operating Profit	$21.10K	-$778.1K	-$2.093M
YoY Change	-101.01%	-62.83%	807.37%
Interest Expense	$35.23K	$56.17K	$0.00
YoY Change			-100.0%
% of Operating Profit	166.92%
Other Income/Expense, Net	-$2.635M	-$56.17K	$0.00
YoY Change			-100.0%
Pretax Income	-$2.614M	-$834.3K	-$2.098M
YoY Change	24.58%	-60.24%	794.29%
Income Tax	$127.6K	$49.39K	$5.169K
% Of Pretax Income
Net Earnings	-$2.962M	-$813.7K	$24.59K
YoY Change	73811.98%	-3409.28%	-110.48%
Net Earnings / Revenue	-128.66%	-51.2%	2.08%
Basic Earnings Per Share
Diluted Earnings Per Share	-$0.11	-$0.03
COMMON SHARES
Basic Shares Outstanding	38.56M shares	38.32M shares	7.005M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2014 Q4	2014 Q3	2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$1.020M	$660.0K
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets	$300.0K	$120.0K
YoY Change
Inventory	$57.20K	$56.02K
Prepaid Expenses
Receivables	$71.38K	$92.77K
Other Receivables	$410.0K	$460.0K
Total Short-Term Assets	$1.857M	$1.388M	$72.52K
YoY Change		1814.13%
LONG-TERM ASSETS
Property, Plant & Equipment	$1.024M	$1.098M	$4.192K
YoY Change		26098.4%
Goodwill
YoY Change
Intangibles	$10.20K	$10.86K
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets	$1.034M	$1.109M	$4.192K
YoY Change		26357.42%
TOTAL ASSETS
Total Short-Term Assets	$1.857M	$1.388M	$72.52K
Total Long-Term Assets	$1.034M	$1.109M	$4.192K
Total Assets	$2.891M	$2.497M	$76.71K
YoY Change	208.8%	3155.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$556.3K	$1.208M	$69.41K
YoY Change		1640.09%
Accrued Expenses	$320.0K	$250.0K	$23.55K
YoY Change		961.53%
Deferred Revenue
YoY Change
Short-Term Debt	$2.030M	$1.180M
YoY Change
Long-Term Debt Due		$650.0K
YoY Change
Total Short-Term Liabilities	$3.543M	$3.750M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt	$940.0K	$1.380M
YoY Change
Other Long-Term Liabilities	$1.120M	$1.190M
YoY Change
Total Long-Term Liabilities	$2.062M	$2.569M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities	$3.543M	$3.750M
Total Long-Term Liabilities	$2.062M	$2.569M
Total Liabilities	$5.606M	$6.319M	$1.209M
YoY Change		422.56%
SHAREHOLDERS EQUITY
Retained Earnings	-$5.142M	-$2.181M
YoY Change
Common Stock	$42.37K	$150.0K	$1.519M
YoY Change		-90.12%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	-$2.370M	-$3.270M	-$1.133M
YoY Change
Total Liabilities & Shareholders Equity	$2.891M	$2.497M	$76.71K
YoY Change		3155.3%

Cashflow Statement

Concept	2014 Q4	2014 Q3	2013 Q3
OPERATING ACTIVITIES
Net Income	-$2.962M	-$813.7K	$24.59K
YoY Change	73811.98%	-3409.28%	-110.48%
Depreciation, Depletion And Amortization	$40.00K	$40.00K	$294.00
YoY Change		13505.44%	-58.3%
Cash From Operating Activities	$250.0K	-$110.0K	-$159.5K
YoY Change		-31.03%	9.7%
INVESTING ACTIVITIES
Capital Expenditures	$20.00K	$20.00K	$0.00
YoY Change			-100.0%
Acquisitions
YoY Change
Other Investing Activities	$0.00	$0.00
YoY Change
Cash From Investing Activities	-$20.00K	-$20.00K	$0.00
YoY Change			-100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	140.0K	440.0K	$170.1K
YoY Change		158.74%	51.25%
NET CHANGE
Cash From Operating Activities	250.0K	-110.0K	-$159.5K
Cash From Investing Activities	-20.00K	-20.00K	$0.00
Cash From Financing Activities	140.0K	440.0K	$170.1K
Net Change In Cash	370.0K	310.0K	$10.57K
YoY Change		2834.22%	-124.47%
FREE CASH FLOW
Cash From Operating Activities	$250.0K	-$110.0K	-$159.5K
Capital Expenditures	$20.00K	$20.00K	$0.00
Free Cash Flow	$230.0K	-$130.0K	-$159.5K
YoY Change		-18.49%	2.5%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2014Q3	us-gaap	Cash Cash	661971	USD
CY2014Q1	us-gaap	Cash Cash	731208	USD
CY2014Q3	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	92767	USD
CY2014Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	148452	USD
CY2014Q3	us-gaap	Inventory Net InventoryNet	56018	USD
CY2014Q1	us-gaap	Inventory Net InventoryNet	67252	USD
CY2014Q3	us-gaap	Due From Related Parties Current DueFromRelatedPartiesCurrent	393888	USD
CY2014Q1	us-gaap	Due From Related Parties Current DueFromRelatedPartiesCurrent	0	USD
CY2014Q3	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	143715	USD
CY2014Q1	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	562318	USD
CY2014Q3	us-gaap	Deferred Tax Assets Liabilities Net Current DeferredTaxAssetsLiabilitiesNetCurrent	39786	USD
CY2014Q1	us-gaap	Deferred Tax Assets Liabilities Net Current DeferredTaxAssetsLiabilitiesNetCurrent	40772	USD
CY2014Q3	us-gaap	Assets Current AssetsCurrent	1388145	USD
CY2014Q1	us-gaap	Assets Current AssetsCurrent	1550002	USD
CY2014Q3	us-gaap	Leasehold Improvements Gross LeaseholdImprovementsGross	1358068	USD
CY2014Q1	us-gaap	Leasehold Improvements Gross LeaseholdImprovementsGross	1379677	USD
CY2014Q3	us-gaap	Furniture And Fixtures Gross FurnitureAndFixturesGross	419903	USD
CY2014Q1	us-gaap	Furniture And Fixtures Gross FurnitureAndFixturesGross	429785	USD
CY2014Q3	us-gaap	Machinery And Equipment Gross MachineryAndEquipmentGross	1448561	USD
CY2014Q1	us-gaap	Machinery And Equipment Gross MachineryAndEquipmentGross	1457955	USD
CY2014Q3	us-gaap	Property Plant And Equipment Other PropertyPlantAndEquipmentOther	12192	USD
CY2014Q1	us-gaap	Property Plant And Equipment Other PropertyPlantAndEquipmentOther	0	USD
CY2014Q3	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	2140487	USD
CY2014Q1	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	2104610	USD
CY2014Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1098237	USD
CY2014Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1162807	USD
CY2014Q3	us-gaap	Finite Lived Trademarks Gross FiniteLivedTrademarksGross	16085	USD
CY2014Q1	us-gaap	Finite Lived Trademarks Gross FiniteLivedTrademarksGross	16484	USD
CY2014Q3	us-gaap	Other Finite Lived Intangible Assets Gross OtherFiniteLivedIntangibleAssetsGross	37452	USD
CY2014Q1	us-gaap	Other Finite Lived Intangible Assets Gross OtherFiniteLivedIntangibleAssetsGross	38381	USD
CY2014Q3	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	42679	USD
CY2014Q1	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	43325	USD
CY2014Q3	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	10858	USD
CY2014Q1	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	11540	USD
CY2014Q3	us-gaap	Assets Assets	2497240	USD
CY2014Q1	us-gaap	Assets Assets	2724349	USD
CY2014Q3	us-gaap	Accounts Payable Current AccountsPayableCurrent	1207781	USD
CY2014Q1	us-gaap	Accounts Payable Current AccountsPayableCurrent	574828	USD
CY2014Q3	us-gaap	Deferred Rent Credit Current DeferredRentCreditCurrent	88428	USD
CY2014Q1	us-gaap	Deferred Rent Credit Current DeferredRentCreditCurrent	91246	USD
CY2014Q3	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent	178095	USD
CY2014Q1	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent	87946	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	0	USD
CY2014Q3	us-gaap	Due To Related Parties Noncurrent DueToRelatedPartiesNoncurrent	0	USD
CY2014Q1	us-gaap	Due To Related Parties Noncurrent DueToRelatedPartiesNoncurrent	0	USD
CY2014Q1	us-gaap	Liabilities Current LiabilitiesCurrent	1180487	USD
CY2014Q3	us-gaap	Liabilities Current LiabilitiesCurrent	3750280	USD
CY2014Q3	ltnr	Vat Tax Payable And Payroll Liabilities Current VatTaxPayableAndPayrollLiabilitiesCurrent	245270	USD
CY2014Q1	ltnr	Vat Tax Payable And Payroll Liabilities Current VatTaxPayableAndPayrollLiabilitiesCurrent	180664	USD
CY2014Q3	us-gaap	Accrued Liabilities And Other Liabilities AccruedLiabilitiesAndOtherLiabilities	199968	USD
CY2014Q1	us-gaap	Accrued Liabilities And Other Liabilities AccruedLiabilitiesAndOtherLiabilities	237642	USD
CY2014Q3	us-gaap	Deferred Rent Credit Noncurrent DeferredRentCreditNoncurrent	1192861	USD
CY2014Q1	us-gaap	Deferred Rent Credit Noncurrent DeferredRentCreditNoncurrent	1267445	USD
CY2014Q3	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	2568985	USD
CY2014Q1	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	1267445	USD
CY2014Q3	us-gaap	Liabilities Liabilities	6319265	USD
CY2014Q1	us-gaap	Liabilities Liabilities	2447932	USD
CY2014Q3	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2014Q1	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2014Q3	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2014Q1	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2014Q3	us-gaap	Common Stock Value CommonStockValue	38243	USD
CY2014Q1	us-gaap	Common Stock Value CommonStockValue	29000	USD
CY2014Q3	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	-1102050	USD
CY2014Q1	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	-28998	USD
CY2014Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-2180618	USD
CY2014Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	160026	USD
CY2014Q3	us-gaap	Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax	-25194	USD
CY2014Q1	us-gaap	Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax	-21819	USD
CY2014Q3	us-gaap	Stockholders Equity StockholdersEquity	-3269619	USD
CY2014Q1	us-gaap	Stockholders Equity StockholdersEquity	138209	USD
CY2014Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	-3822025	USD
CY2014Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	276417	USD
CY2014Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	2497240	USD
CY2014Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	2724349	USD
CY2014Q3	us-gaap	Minority Interest MinorityInterest	-552406	USD
CY2014Q1	us-gaap	Minority Interest MinorityInterest	138208	USD
CY2014Q3	us-gaap	Notes Payable Related Parties Noncurrent NotesPayableRelatedPartiesNoncurrent	1376124	USD
CY2014Q1	us-gaap	Notes Payable Related Parties Noncurrent NotesPayableRelatedPartiesNoncurrent	0	USD
CY2014Q3	us-gaap	Due To Other Related Parties Classified Current DueToOtherRelatedPartiesClassifiedCurrent	1000000	USD
CY2014Q1	us-gaap	Due To Other Related Parties Classified Current DueToOtherRelatedPartiesClassifiedCurrent	0	USD
CY2014Q3	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.001
CY2014Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.001
CY2014Q3	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000	shares
CY2014Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000	shares
CY2014Q3	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2014Q1	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2014Q3	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2014Q1	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2014Q3	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2014Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2014Q3	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	75000000	shares
CY2014Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	75000000	shares
CY2014Q3	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	38243750	shares
CY2014Q3	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	38243750	shares
CY2014Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	29000000	shares
CY2014Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	29000000	shares
	us-gaap	Profit Loss ProfitLoss	-3027883	USD
	us-gaap	Profit Loss ProfitLoss	231812	USD
	us-gaap	Depreciation Depreciation	86473	USD
	us-gaap	Depreciation Depreciation	93735	USD
	us-gaap	Adjustment For Amortization AdjustmentForAmortization	416	USD
	us-gaap	Adjustment For Amortization AdjustmentForAmortization	400	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	528546	USD
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	0	USD
	us-gaap	Increase Decrease In Accrued Liabilities And Other Operating Liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities	-32959	USD
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-9918	USD
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	10328	USD
	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	-673625	USD
	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	-88707	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-49947	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-324421	USD
	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	95267	USD
	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	70199	USD
	us-gaap	Increase Decrease In Employee Related Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities	70997	USD
	us-gaap	Increase Decrease In Employee Related Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities	-78010	USD
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	13902	USD
	us-gaap	Increase Decrease In Accrued Liabilities And Other Operating Liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities	-22392	USD
	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	138882	USD
	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	0	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-53782	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	27368	USD
	us-gaap	Increase Decrease In Other Deferred Liability IncreaseDecreaseInOtherDeferredLiability	-45971	USD
	us-gaap	Increase Decrease In Other Deferred Liability IncreaseDecreaseInOtherDeferredLiability	-44245	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-1484952	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-21911	USD
	us-gaap	Cash Acquired From Acquisition CashAcquiredFromAcquisition	85608	USD
	us-gaap	Cash Acquired From Acquisition CashAcquiredFromAcquisition	0	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	40508	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	23999	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	45100	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-23999	USD
	us-gaap	Repayments Of Related Party Debt RepaymentsOfRelatedPartyDebt	289911	USD
	us-gaap	Repayments Of Related Party Debt RepaymentsOfRelatedPartyDebt	560744	USD
	us-gaap	Proceeds From Related Party Debt ProceedsFromRelatedPartyDebt	1568082	USD
	us-gaap	Proceeds From Related Party Debt ProceedsFromRelatedPartyDebt	0	USD
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	1428171	USD
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-560744	USD
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	150000	USD
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	0	USD
	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	-57556	USD
	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	58021	USD
	us-gaap	Cash Period Increase Decrease CashPeriodIncreaseDecrease	-69237	USD
	us-gaap	Cash Period Increase Decrease CashPeriodIncreaseDecrease	-548633	USD
CY2013Q1	us-gaap	Cash Cash	762889	USD
CY2013Q3	us-gaap	Cash Cash	214256	USD
	us-gaap	Interest Paid InterestPaid	0	USD
	us-gaap	Interest Paid InterestPaid	0	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid	92277	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid	67099	USD
CY2014Q3	us-gaap	Revenues Revenues	1589450	USD
CY2013Q3	us-gaap	Revenues Revenues	1184845	USD
	us-gaap	Revenues Revenues	3436650	USD
	us-gaap	Revenues Revenues	2813640	USD
CY2014Q3	us-gaap	Cost Of Revenue CostOfRevenue	253142	USD
CY2013Q3	us-gaap	Cost Of Revenue CostOfRevenue	181554	USD
	us-gaap	Cost Of Revenue CostOfRevenue	532818	USD
	us-gaap	Cost Of Revenue CostOfRevenue	433960	USD
CY2014Q3	us-gaap	Gross Profit GrossProfit	1336308	USD
CY2013Q3	us-gaap	Gross Profit GrossProfit	1003291	USD
	us-gaap	Gross Profit GrossProfit	2903832	USD
	us-gaap	Gross Profit GrossProfit	2379680	USD
CY2014Q3	us-gaap	Salaries Wages And Officers Compensation SalariesWagesAndOfficersCompensation	351041	USD
	us-gaap	Salaries Wages And Officers Compensation SalariesWagesAndOfficersCompensation	681495	USD
	us-gaap	Salaries Wages And Officers Compensation SalariesWagesAndOfficersCompensation	256516	USD
CY2013Q3	ltnr	Consulting Fees ConsultingFees	0	USD
CY2014Q3	us-gaap	Selling Expense SellingExpense	62167	USD
CY2013Q3	us-gaap	Selling Expense SellingExpense	69119	USD
	us-gaap	Selling Expense SellingExpense	210720	USD
	us-gaap	Selling Expense SellingExpense	105226	USD
CY2014Q3	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	206099	USD
CY2013Q3	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	191158	USD
	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	413683	USD
	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	380619	USD
CY2014Q3	us-gaap	Professional Fees ProfessionalFees	137426	USD
CY2013Q3	us-gaap	Professional Fees ProfessionalFees	-21797	USD
	us-gaap	Professional Fees ProfessionalFees	338632	USD
	us-gaap	Professional Fees ProfessionalFees	0	USD
CY2014Q3	us-gaap	Service Management Costs ServiceManagementCosts	213611	USD
CY2013Q3	us-gaap	Service Management Costs ServiceManagementCosts	266935	USD
	us-gaap	Service Management Costs ServiceManagementCosts	367406	USD
	us-gaap	Service Management Costs ServiceManagementCosts	266935	USD
	ltnr	Consulting Fees ConsultingFees	970306	USD
	ltnr	Consulting Fees ConsultingFees	0	USD
CY2014Q3	us-gaap	Business Combination Acquisition Related Costs BusinessCombinationAcquisitionRelatedCosts	0	USD
CY2013Q3	us-gaap	Business Combination Acquisition Related Costs BusinessCombinationAcquisitionRelatedCosts	0	USD
	us-gaap	Business Combination Acquisition Related Costs BusinessCombinationAcquisitionRelatedCosts	1376124	USD
	us-gaap	Business Combination Acquisition Related Costs BusinessCombinationAcquisitionRelatedCosts	0	USD
CY2014Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	701731	USD
CY2013Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	469534	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1416822	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1071473	USD
CY2014Q3	us-gaap	Operating Expenses OperatingExpenses	2114406	USD
CY2013Q3	us-gaap	Operating Expenses OperatingExpenses	948944	USD
	us-gaap	Operating Expenses OperatingExpenses	5775188	USD
	us-gaap	Operating Expenses OperatingExpenses	2080769	USD
CY2014Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	-778098	USD
CY2013Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	-2093258	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	-2871356	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	298911	USD
CY2014Q3	us-gaap	Interest Expense InterestExpense	56172	USD
CY2013Q3	us-gaap	Interest Expense InterestExpense	0	USD
	us-gaap	Interest Expense InterestExpense	61260	USD
	us-gaap	Interest Expense InterestExpense	0	USD
CY2014Q3	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-56172	USD
CY2013Q3	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	0	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-61260	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	0	USD
CY2014Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-834270	USD
CY2013Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-2098346	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-2932616	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	298911	USD
CY2014Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	49387	USD
CY2013Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	5169	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	95267	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	67099	USD
CY2014Q3	us-gaap	Profit Loss ProfitLoss	-883657	USD
CY2013Q3	us-gaap	Profit Loss ProfitLoss	49178	USD
CY2014Q1	us-gaap	Operating Leases Future Minimum Payments Due In Two Years OperatingLeasesFutureMinimumPaymentsDueInTwoYears	890447	USD
CY2014Q1	us-gaap	Operating Leases Future Minimum Payments Due In Three Years OperatingLeasesFutureMinimumPaymentsDueInThreeYears	548337	EUR
CY2014Q3	ltnr	Consulting Fees ConsultingFees	442331	USD
CY2014Q3	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-69937	USD
CY2013Q3	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	24589	USD
CY2013Q3	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	31060	USD
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-2344019	USD
	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest	11835	USD
CY2014Q3	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-7533	USD
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	127741	USD
CY2014Q3	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.02
CY2013Q3	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	6471	USD
	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-3375	USD
	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	11835	USD
CY2014Q3	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-821253	USD
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-687239	USD
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	115906	USD
CY2014Q3	us-gaap	Net Income Loss NetIncomeLoss	-813720	USD
CY2013Q3	us-gaap	Net Income Loss NetIncomeLoss	24589	USD
	us-gaap	Net Income Loss NetIncomeLoss	-2340644	USD
	us-gaap	Net Income Loss NetIncomeLoss	115906	USD
CY2014Q3	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-15065	USD
CY2013Q3	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	12942	USD
	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-6750	USD
	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	23670	USD
CY2014Q3	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest	-7532	USD
CY2013Q3	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest	6471	USD
	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest	-3375	USD
CY2013Q3	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.06
	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.08
	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.01
CY2014Q3	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	38297668	shares
CY2013Q3	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	29000000	shares
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	38076990	shares
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	29000000	shares
CY2013Q3	us-gaap	Salaries Wages And Officers Compensation SalariesWagesAndOfficersCompensation	-26005	USD
	dei	Document Type DocumentType	10-Q
	dei	Amendment Flag AmendmentFlag	false
	dei	Document Period End Date DocumentPeriodEndDate	2014-09-30
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2015
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Entity Registrant Name EntityRegistrantName	LOTON, CORP
	dei	Entity Central Index Key EntityCentralIndexKey	0001491419
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--03-31
	dei	Entity Filer Category EntityFilerCategory	Smaller Reporting Company
	dei	Trading Symbol TradingSymbol	LTNR
CY2014Q4	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	38560000	shares
CY2014Q1	us-gaap	Prepaid Taxes PrepaidTaxes	121972	USD
CY2014Q3	us-gaap	Prepaid Insurance PrepaidInsurance	70833	USD
CY2014Q1	us-gaap	Prepaid Insurance PrepaidInsurance	127397	USD
CY2014Q3	us-gaap	Other Prepaid Expense Current OtherPrepaidExpenseCurrent	13371	USD
CY2014Q1	us-gaap	Other Prepaid Expense Current OtherPrepaidExpenseCurrent	84818	USD
CY2014Q1	us-gaap	Operating Leases Future Minimum Payments Remainder Of Fiscal Year OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear	274169	EUR
CY2014Q1	us-gaap	Operating Leases Future Minimum Payments Due OperatingLeasesFutureMinimumPaymentsDue	7764603	EUR
CY2014Q1	us-gaap	Operating Leases Future Minimum Payments Remainder Of Fiscal Year OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear	445224	USD
CY2014Q1	us-gaap	Operating Leases Future Minimum Payments Due In Two Years OperatingLeasesFutureMinimumPaymentsDueInTwoYears	548337	EUR
CY2014Q1	us-gaap	Operating Leases Future Minimum Payments Due OperatingLeasesFutureMinimumPaymentsDue	12608970	USD
CY2014Q3	us-gaap	Prepaid Rent PrepaidRent	0	USD
CY2014Q1	us-gaap	Prepaid Rent PrepaidRent	228131	USD
CY2014Q3	us-gaap	Prepaid Taxes PrepaidTaxes	59511	USD
	us-gaap	Lessee Leasing Arrangements Operating Leases Term Of Contract LesseeLeasingArrangementsOperatingLeasesTermOfContract	P25Y
	us-gaap	Occupancy Net OccupancyNet	350000	EUR
CY2014Q1	us-gaap	Operating Leases Future Minimum Payments Due In Three Years OperatingLeasesFutureMinimumPaymentsDueInThreeYears	890447	USD
CY2014Q1	us-gaap	Operating Leases Future Minimum Payments Due In Four Years OperatingLeasesFutureMinimumPaymentsDueInFourYears	548337	EUR
CY2014Q1	us-gaap	Operating Leases Future Minimum Payments Due In Four Years OperatingLeasesFutureMinimumPaymentsDueInFourYears	890447	USD
CY2014Q1	us-gaap	Operating Leases Future Minimum Payments Due In Five Years OperatingLeasesFutureMinimumPaymentsDueInFiveYears	548337	EUR
CY2014Q1	us-gaap	Operating Leases Future Minimum Payments Due In Five Years OperatingLeasesFutureMinimumPaymentsDueInFiveYears	890447	USD
CY2014Q1	us-gaap	Operating Leases Future Minimum Payments Due Thereafter OperatingLeasesFutureMinimumPaymentsDueThereafter	5297086	EUR
CY2014Q1	us-gaap	Operating Leases Future Minimum Payments Due Thereafter OperatingLeasesFutureMinimumPaymentsDueThereafter	8601958	USD
	us-gaap	Description Of Lessee Leasing Arrangements Operating Leases DescriptionOfLesseeLeasingArrangementsOperatingLeases	On October 22, 2004, OCL entered into a deed of variation to the original non-cancellable lease for the premises with an annual rent of 473,000 per year plus valued added taxes for the first five (5) years and with an annual rent of 548,337 per year plus valued added taxes for the remainder of the lease, with free rent for the first fifteen (15) months of the occupancy. In conjunction with the signing of the deed of variation the landlord (i) provided consideration of 175,000, and (ii) contributed an additional 175,000 towards improvements upon execution of the deed of variation.
CY2011Q3	us-gaap	Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights	1125000	shares
CY2011Q3	us-gaap	Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1 ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1	0.15
CY2013Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	19234	USD
CY2014	us-gaap	Profit Loss ProfitLoss	243673	USD
CY2014	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	13510	USD
CY2014	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	257183	USD
	us-gaap	Stock Issued During Period Value Acquisitions StockIssuedDuringPeriodValueAcquisitions	-1742355	USD
	us-gaap	Adjustments To Additional Paid In Capital Warrant Issued AdjustmentsToAdditionalPaidInCapitalWarrantIssued	11461	USD
	ltnr	Stock Issued During Period Value Issued For Services One StockIssuedDuringPeriodValueIssuedForServicesOne	291667	USD
	ltnr	Stock Issued During Period Value Issued For Services Two StockIssuedDuringPeriodValueIssuedForServicesTwo	70833	USD
	ltnr	Stock Issued During Period Value Issued For Services Three StockIssuedDuringPeriodValueIssuedForServicesThree	60417	USD
	ltnr	Stock Issued During Period Value Issued For Services Four StockIssuedDuringPeriodValueIssuedForServicesFour	54168	USD
	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	-3034633	USD
	ltnr	Stock Issued During Period Value For Cash StockIssuedDuringPeriodValueForCash	150000	USD
	ltnr	Stock Issued During Period Value Bankers For Services StockIssuedDuringPeriodValueBankersForServices	40000	USD
CY2014Q1	us-gaap	Notes Payable Related Parties Current And Noncurrent NotesPayableRelatedPartiesCurrentAndNoncurrent	0	USD
CY2014Q3	us-gaap	Notes Payable Related Parties Current And Noncurrent NotesPayableRelatedPartiesCurrentAndNoncurrent	600000	USD
	ltnr	Service Management Costs On Quarterly Basis ServiceManagementCostsOnQuarterlyBasis	150000	USD
	ltnr	Service Management Costs Long Term ServiceManagementCostsLongTerm	138890	USD
	ltnr	Amortization Of Fair Value Of Warrant Issued AmortizationOfFairValueOfWarrantIssued	11470	USD
	us-gaap	Service Management Costs ServiceManagementCosts	300360	USD
CY2011Q3	ltnr	Service Management Cost Description ServiceManagementCostDescription	Under the Management Agreement, the Company compensated Trinad LLC for its services with (i) a fee equal to $2,080,000, with $90,000 payable in advance of each consecutive three-month calendar period during the term of the Agreement and with $1,000,000 due at the end of the three (3) year term
CY2011Q3	ltnr	Management Services Payment Description ManagementServicesPaymentDescription	The Company (i)(a) recorded $30,000 per month for the $1,080,000 portion of the management services to be paid on a quarterly basis, accrued (i)(b) $27,778 per month for the $1,000,000 portion of the management services, due at the end of the three (3) year term; and (ii) recorded amortization of $2,294 per month for the fair value of the warrant portion of the management services issued on September 23, 2011 in connection with the Management Agreement, or $60,072 of management services per month in aggregate.
	ltnr	Capital Market Advisory Fees In Cash CapitalMarketAdvisoryFeesInCash	5000	USD
	ltnr	Capital Market Advisory Fees In Equity CapitalMarketAdvisoryFeesInEquity	5000	USD
CY2011Q3	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod	P10Y
	ltnr	Stock Issue Price Per Share For Cash StockIssuePricePerShareForCash	1.00
	us-gaap	Fiscal Period FiscalPeriod	<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"></div> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><i><u><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">Fiscal Year End</font></u></i></div> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">  </font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">On June 30, 2014, in connection with the closing of the Merger, the Company changed its fiscal year-end date from April 30 to March 31.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
	us-gaap	Use Of Estimates UseOfEstimates	<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"></div> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><i><u><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">Use of Estimates and Assumptions and Critical Accounting Estimates and Assumptions</font></u></i></div> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">  </font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date(s) of the financial statements and the reported amounts of revenues and expenses during the reporting period(s).</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">  </font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">Critical accounting estimates are estimates for which (a) the nature of the estimate is material due to the levels of subjectivity and judgment necessary to account for highly uncertain matters or the susceptibility of such matters to change and (b) the impact of the estimate on financial condition or operating performance is material. The Company’s critical accounting estimates and assumptions affecting the financial statements were:</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">  </font></div> <table style="LINE-HEIGHT: 115%; WIDTH: 100%; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 0.25in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top" width="24"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 0.25in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top" width="24"> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt"> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> (i)</font></div> </td> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top"> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><i><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">Allowance for doubtful accounts</font></i><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">: Management’s estimate of the allowance for doubtful accounts is based on historical sales, historical loss levels, and an analysis of the collectability of individual accounts; and general economic conditions that may affect a client’s ability to pay. The Company evaluated the key factors and assumptions used to develop the allowance in determining that it is reasonable in relation to the financial statements taken as a whole.</font></div> </td> </tr> </table> <table style="LINE-HEIGHT: 115%; WIDTH: 100%; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 0.25in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top" width="24"> <div style="CLEAR:both;CLEAR: both"> </div> </td> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 0.25in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top" width="24"> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt"> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> (ii)</font></div> </td> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top"> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><i><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">Inventory Obsolescence and Markdowns</font></i><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">: The Company’s estimate of potentially excess and slow-moving inventories is based on evaluation of inventory levels and aging, review of inventory turns and historical sales experiences. The Company’s estimate of reserve for inventory shrinkage is based on the historical results of physical inventory cycle counts.</font></div> </td> </tr> </table> <table style="LINE-HEIGHT: 115%; WIDTH: 100%; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 0.25in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top" width="24"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 0.25in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top" width="24"> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt"> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> (iii)</font></div> </td> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top"> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><i><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">Fair value of long-lived assets:</font></i> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">Fair value is generally determined using the asset’s expected future discounted cash flows or market value, if readily determinable. If long-lived assets are determined to be recoverable, but the newly determined remaining estimated useful lives are shorter than originally estimated, the net book values of the long-lived assets are depreciated over the newly determined remaining estimated useful lives. The Company considers the following to be some examples of important indicators that may trigger an impairment review: (i) significant under-performance or losses of assets relative to expected historical or projected future operating results; (ii) significant changes in the manner or use of assets or in the Company’s overall strategy with respect to the manner or use of the acquired assets or changes in the Company’s overall business strategy; (iii) significant negative industry or economic trends; (iv) increased competitive pressures; (v) a significant decline in the Company’s stock price for a sustained period of time; and (vi) regulatory changes. The Company evaluates acquired assets for potential impairment indicators at least annually and more frequently upon the occurrence of such events;</font></div> </td> </tr> </table> <table style="LINE-HEIGHT: 115%; WIDTH: 100%; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 0.25in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top" width="24"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 0.25in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top" width="24"> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt"> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> (iv)</font></div> </td> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top"> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><i><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">Valuation allowance for deferred tax assets:</font></i> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> Management assumes that the realization of the Company’s net deferred tax assets resulting from its net operating loss (“NOL”) carryforwards for Federal income tax purposes that may be offset against future taxable income was not considered more likely than not and accordingly, the potential tax benefits of the net loss carry-forwards are offset by a full valuation allowance. Management made this assumption based on (a) the Company has incurred recurring losses, (b) general economic conditions, and (c) its ability to raise additional funds to support its daily operations by way of a public or private offering, among other factors;</font></div> </td> </tr> </table> <table style="LINE-HEIGHT: 115%; WIDTH: 100%; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 0.25in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top" width="24"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 0.25in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top" width="24"> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt"> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> (v)</font></div> </td> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top"> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><i><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">Estimates and assumptions used in valuation of equity instruments:</font></i> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> Management estimates expected term of share options and similar instruments, expected volatility of the Company’s common shares and the method used to estimate it, expected annual rate of quarterly dividends, and risk free rate(s) to value share options and similar instruments.</font></div> </td> </tr> </table> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">  </font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">These significant accounting estimates or assumptions bear the risk of change due to the fact that there are uncertainties attached to these estimates or assumptions, and certain estimates or assumptions are difficult to measure or value.</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">  </font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> Management bases its estimates on historical experience and on various assumptions that are believed to be reasonable in relation to the financial statements taken as a whole under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources.</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">  </font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> Management regularly evaluates the key factors and assumptions used to develop the estimates utilizing currently available information, changes in facts and circumstances, historical experience and reasonable assumptions. After such evaluations, if deemed appropriate, those estimates are adjusted accordingly.</font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">  </font></div> <div style="CLEAR:both;LINE-HEIGHT: normal; MARGIN: 0in 0in 0pt; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">Actual results could differ from those estimates.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2011Q3	us-gaap	Debt Instrument Maturity Date DebtInstrumentMaturityDate	2014-09-22
	ltnr	Lease Term Description LeaseTermDescription	The lease term is equal to 75 percent or more of the estimated economic life of the leased property.
	us-gaap	Incremental Common Shares Attributable To Contingently Issuable Shares IncrementalCommonSharesAttributableToContingentlyIssuableShares	1125000	shares
	us-gaap	Incremental Common Shares Attributable To Contingently Issuable Shares IncrementalCommonSharesAttributableToContingentlyIssuableShares	0	shares
	ltnr	Value Added Tax Percentage ValueAddedTaxPercentage	0.2	pure
	ltnr	Description Of Nature Of Ownership Change DescriptionOfNatureOfOwnershipChange	In general terms, an ownership change may result from transactions increasing the ownership of certain stockholders in the stock of a corporation by more than 50 percentage points over a three-year period.
	us-gaap	Foreign Currency Transactions Description ForeignCurrencyTransactionsDescription	the rate presented below per U.S. $1.00 was the midpoint of the interbank rate as quoted by OANDA Corporation (www.oanda.com) contained in its consolidated financial statements.
	us-gaap	Concentration Risk Credit Risk Financial Instruments ConcentrationRiskCreditRiskFinancialInstruments	As of September 30, 2014, substantially all of the Company’s cash and cash equivalents were held by major financial institutions in the United Kingdom and the balance at certain accounts may exceed the maximum amount insured by the Financial Services Compensation Scheme (FSCS) (£85,000 per account, per authorized institution as of December 31, 2010).
	ltnr	Advancement For Working Capital Purposes AdvancementForWorkingCapitalPurposes	393888	USD

Files In Submission

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2014 Q4 Form 10-Q Financial Statement

#000161577414000353 Filed on November 14, 2014

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2014 Q4 Form 10-Q Financial Statement

#000161577414000353 Filed on November 14, 2014

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LVO
LiveOne, Inc. Stock $lvo