2024 Q3 Form 10-Q Financial Statement

#000149315224031917 Filed on August 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $1.837M
YoY Change 481.38%
Cost Of Revenue $861.6K
YoY Change 265.55%
Gross Profit $974.9K
YoY Change 1115.8%
Gross Profit Margin 53.08%
Selling, General & Admin $2.648M
YoY Change 29.61%
% of Gross Profit 271.56%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $25.96K
YoY Change 31.76%
% of Gross Profit 2.66%
Operating Expenses $2.648M
YoY Change 11.15%
Operating Profit -$1.903M
YoY Change -7.89%
Interest Expense -$351.8K
YoY Change -300.79%
% of Operating Profit
Other Income/Expense, Net -$342.3K
YoY Change 99.37%
Pretax Income -$2.245M
YoY Change 0.34%
Income Tax
% Of Pretax Income
Net Earnings -$2.245M
YoY Change 0.21%
Net Earnings / Revenue -122.25%
Basic Earnings Per Share -$0.62
Diluted Earnings Per Share -$0.62
COMMON SHARES
Basic Shares Outstanding 3.906M shares 2.743M shares
Diluted Shares Outstanding 3.610M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $942.9K
YoY Change 738.23%
Cash & Equivalents $942.9K
Short-Term Investments
Other Short-Term Assets $945.9K
YoY Change 152.42%
Inventory $250.1K
Prepaid Expenses
Receivables $257.2K
Other Receivables $0.00
Total Short-Term Assets $2.396M
YoY Change 184.53%
LONG-TERM ASSETS
Property, Plant & Equipment $441.4K
YoY Change -33.07%
Goodwill $5.879M
YoY Change
Intangibles $3.685M
YoY Change
Long-Term Investments $844.2K
YoY Change -25.45%
Other Assets
YoY Change
Total Long-Term Assets $15.64M
YoY Change 169.73%
TOTAL ASSETS
Total Short-Term Assets $2.396M
Total Long-Term Assets $15.64M
Total Assets $18.03M
YoY Change 171.61%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.378M
YoY Change 28.92%
Accrued Expenses $883.9K
YoY Change -38.17%
Deferred Revenue
YoY Change
Short-Term Debt $880.0K
YoY Change 14.29%
Long-Term Debt Due $580.1K
YoY Change 119.82%
Total Short-Term Liabilities $7.989M
YoY Change 78.75%
LONG-TERM LIABILITIES
Long-Term Debt $1.173M
YoY Change
Other Long-Term Liabilities $7.507M
YoY Change 93.8%
Total Long-Term Liabilities $8.679M
YoY Change 124.08%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.989M
Total Long-Term Liabilities $8.679M
Total Liabilities $16.67M
YoY Change 99.75%
SHAREHOLDERS EQUITY
Retained Earnings -$61.90M
YoY Change 13.37%
Common Stock $55.77M
YoY Change 5.48%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.364M
YoY Change
Total Liabilities & Shareholders Equity $18.03M
YoY Change 171.61%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income -$2.245M
YoY Change 0.21%
Depreciation, Depletion And Amortization $25.96K
YoY Change 31.76%
Cash From Operating Activities -$1.456M
YoY Change -11.48%
INVESTING ACTIVITIES
Capital Expenditures $55.13K
YoY Change -78.92%
Acquisitions
YoY Change
Other Investing Activities $50.00K
YoY Change
Cash From Investing Activities -$5.130K
YoY Change -98.04%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.929M
YoY Change -1235.4%
NET CHANGE
Cash From Operating Activities -1.456M
Cash From Investing Activities -5.130K
Cash From Financing Activities 1.929M
Net Change In Cash 467.8K
YoY Change -122.54%
FREE CASH FLOW
Cash From Operating Activities -$1.456M
Capital Expenditures $55.13K
Free Cash Flow -$1.511M
YoY Change -20.73%

Facts In Submission

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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-7.07
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.62
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-3.06
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.25
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-7.07
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3609812 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
732255 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3072877 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
677684 shares
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3609812 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
732255 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3072877 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
677684 shares
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
-977612 usd
CY2023Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
46503 usd
CY2023Q1 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
149900 usd
CY2023Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
2708642 usd
CY2023Q1 INVO Stock Issued During Period Value Common Stock Issued With Notes Payable
StockIssuedDuringPeriodValueCommonStockIssuedWithNotesPayable
56313 usd
CY2023Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
2376 usd
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
325834 usd
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
327389 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-2550879 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
88466 usd
CY2023Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
5062 usd
CY2023Q2 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
94276 usd
CY2023Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
20297 usd
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
326916 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-2240511 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
892825 usd
CY2024Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
92 usd
CY2024Q1 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
142450 usd
CY2024Q1 INVO Stock Issued During Period Value Preferred Stock New Issues
StockIssuedDuringPeriodValuePreferredStockNewIssues
500000 usd
CY2024Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
71301 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
-1596513 usd
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
10155 usd
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
10155 usd
CY2024Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
61 usd
CY2024Q2 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
59998 usd
CY2024Q2 INVO Stock Issued During Period Value Preferred Stock New Issues
StockIssuedDuringPeriodValuePreferredStockNewIssues
1006404 usd
CY2024Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
165131 usd
CY2024Q2 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
188755 usd
CY2024Q2 us-gaap Adjustments To Additional Paid In Capital Equity Component Of Convertible Debt
AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt
40491 usd
CY2024Q2 INVO Adjustments To Additional Paid In Capital Warrants Issued
AdjustmentsToAdditionalPaidInCapitalWarrantsIssued
971012 usd
CY2024Q2 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
197033 usd
CY2024Q2 INVO Stock Issued During Period Value Warrant Exercised
StockIssuedDuringPeriodValueWarrantExercised
900611 usd
CY2024Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
69035 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
-2245170 usd
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
1363516 usd
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
1363516 usd
us-gaap Net Income Loss
NetIncomeLoss
-3841683 usd
us-gaap Net Income Loss
NetIncomeLoss
-4791390 usd
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
1173460 usd
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
244176 usd
us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
153 usd
us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
51565 usd
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
140336 usd
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
652750 usd
INVO Noncash Compensation For Services
NoncashCompensationForServices
90000 usd
INVO Noncash Compensation For Services
NoncashCompensationForServices
90000 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
349010 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
301098 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
17950 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-23947 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-40491 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-511663 usd
us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
94551 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
457298 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
38792 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
116660 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-2241 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-14441 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
16416 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
469479 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
184513 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
35435 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
432654 usd
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-75413 usd
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
256158 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
7976 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
41311 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
10080 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
1829 usd
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
69179 usd
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
62938 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1716214 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2792860 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
104829 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
261505 usd
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
75590 usd
us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
8447 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-29239 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-269952 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
442500 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
714000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
165131 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
2728938 usd
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
1506404 usd
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
900611 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2375 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
558683 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
360151 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2455963 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3085162 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
710510 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
22350 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
232424 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
90135 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
942934 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
112485 usd
us-gaap Interest Paid Net
InterestPaidNet
108513 usd
us-gaap Interest Paid Net
InterestPaidNet
5720 usd
INVO Common Stock Issued Upon Note Payable And Accrued
CommonStockIssuedUponNotePayableAndAccrued
197033 usd
us-gaap Liabilities Assumed1
LiabilitiesAssumed1
188755 usd
us-gaap Liabilities Assumed1
LiabilitiesAssumed1
327390 usd
INVO Deemed Dividend
DeemedDividend
250635 usd
INVO Fair Value Of Shares Issued Upon Conversion Of Debt
FairValueOfSharesIssuedUponConversionOfDebt
197033 usd
INVO Initial Right Of Use Asset And Lease Liability
InitialRightOfUseAssetAndLeaseLiability
2312892 usd
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84A_eus-gaap--UseOfEstimates_zbbfSByGaUo9" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_862_zdn2oO1m0pYe">Use of Estimates</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In preparing financial statements in conformity with generally accepted accounting principles, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and revenues and expenses during the reported period. Actual results could differ from those estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 usd
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 usd
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_84E_eus-gaap--ConcentrationRiskCreditRisk_zSzanNF0rNg7" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_864_zoLeV7hei1Pk">Concentration of Credit Risk</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Cash includes amounts deposited in financial institutions in excess of insurable Federal Deposit Insurance Corporation (“FDIC”) limits. As of June 30, 2024, the Company had cash balances in excess of FDIC limits.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
-2245170 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-2240511 usd
us-gaap Net Income Loss
NetIncomeLoss
-3841683 usd
us-gaap Net Income Loss
NetIncomeLoss
-4791390 usd
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3609812 shares
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3609812 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
732255 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
732255 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3072877 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3072877 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
677684 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
677684 shares
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.62
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.62
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.06
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-3.06
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.25
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.25
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-7.07
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-7.07
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6646089 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
524526 shares
us-gaap Net Income Loss
NetIncomeLoss
-3800000 usd
us-gaap Net Income Loss
NetIncomeLoss
-4800000 usd
CY2024Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-61900000 usd
INVO Net Income Loss Related To Non Cash Expenses
NetIncomeLossRelatedToNonCashExpenses
2600000 usd
INVO Net Income Loss Related To Non Cash Expenses
NetIncomeLossRelatedToNonCashExpenses
1400000 usd
CY2021Q2 INVO Hurdle Amount
HurdleAmount
0 usd
CY2021Q2 us-gaap Variable Interest Entity Ownership Percentage
VariableInterestEntityOwnershipPercentage
1.50 pure
INVO Investment In Unconsolidated Variable Interest Entities
InvestmentInUnconsolidatedVariableInterestEntities
844198 usd
CY2023 INVO Investment In Unconsolidated Variable Interest Entities
InvestmentInUnconsolidatedVariableInterestEntities
916248 usd
CY2024Q2 INVO Earning Loss From Unconsolidated Variable Interest Entities
EarningLossFromUnconsolidatedVariableInterestEntities
17846 usd
CY2023Q2 INVO Earning Loss From Unconsolidated Variable Interest Entities
EarningLossFromUnconsolidatedVariableInterestEntities
3788 usd
INVO Earning Loss From Unconsolidated Variable Interest Entities
EarningLossFromUnconsolidatedVariableInterestEntities
17950 usd
INVO Earning Loss From Unconsolidated Variable Interest Entities
EarningLossFromUnconsolidatedVariableInterestEntities
-23947 usd
CY2024Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
53480 usd
CY2023Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
53479 usd
CY2024Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
196586 usd
CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
211028 usd
CY2024Q2 us-gaap Inventory Net
InventoryNet
250066 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
264507 usd
CY2024Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
282141 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
233593 usd
CY2024Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
441365 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
826418 usd
CY2024Q2 us-gaap Depreciation
Depreciation
25963 usd
CY2023Q2 us-gaap Depreciation
Depreciation
19705 usd
us-gaap Depreciation
Depreciation
48548 usd
us-gaap Depreciation
Depreciation
38792 usd
CY2024Q2 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
50000 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-511663 usd
CY2024Q2 us-gaap Finite Lived Trade Names Gross
FiniteLivedTradeNamesGross
253000 usd
CY2023Q4 us-gaap Finite Lived Trade Names Gross
FiniteLivedTradeNamesGross
253000 usd
CY2024Q2 INVO Finite Lived Noncompetition Agreement
FiniteLivedNoncompetitionAgreement
3961000 usd
CY2023Q4 INVO Finite Lived Noncompetition Agreement
FiniteLivedNoncompetitionAgreement
3961000 usd
CY2024Q2 us-gaap Goodwill
Goodwill
5878986 usd
CY2023Q4 us-gaap Goodwill
Goodwill
5878986 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
529319 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
120569 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
9563667 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
9972417 usd
CY2023Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet
34000 usd
CY2024Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
204375 usd
CY2023Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
0 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
408750 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
0 usd
CY2024Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2614466 usd
CY2024Q2 INVO Right Of Use Assets
RightOfUseAssets
2614466 usd
CY2024Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
237030 usd
CY2024Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
2506543 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
2743573 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
235757 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
477947 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
490122 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
480096 usd
CY2024Q2 INVO Lessee Operating Lease Liability Payments Due After Year Three
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearThree
2329321 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
4013243 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1269670 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
2743573 usd
CY2024Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P102M
CY2024Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.090 pure
us-gaap Operating Lease Payments
OperatingLeasePayments
200000 usd
us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
94551 usd
CY2024Q2 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
282101 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
264932 usd
CY2024Q2 us-gaap Notes Payable
NotesPayable
2632988 usd
CY2023Q4 us-gaap Notes Payable
NotesPayable
2763917 usd
CY2022Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
17500 shares
CY2022Q4 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
200000 usd
CY2022Q4 us-gaap Debt Instrument Description
DebtInstrumentDescription
These notes accrue 10% annual interest accrues from the date of issuance. These notes are callable with 10 days prior written notice. At maturity, the Company agreed to pay outstanding principal, a 10% financing fee, and accrued interest.
CY2023Q1 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
410000 usd
CY2023Q1 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
410000 usd
CY2022Q4 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
310000 usd
CY2023Q1 us-gaap Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
12.00
CY2023Q1 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
19375 shares
CY2024Q2 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.10 pure
us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2023-12-31
CY2024Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
40491 usd
CY2024Q2 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
78443 usd
CY2023Q1 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.08 pure
CY2023Q1 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.08 pure
CY2023Q1 us-gaap Share Price
SharePrice
10.40
CY2023Q1 us-gaap Share Price
SharePrice
10.40
CY2023Q1 INVO Percentage Of Debentures Outstanding
PercentageOfDebenturesOutstanding
0.50 pure
CY2023Q1 INVO Percentage Of Debentures Outstanding
PercentageOfDebenturesOutstanding
0.50 pure
CY2024Q2 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
11655 shares
CY2022Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
17500 shares
us-gaap Interest Expense Debt
InterestExpenseDebt
40444 usd
CY2024Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
375422 usd
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
6250000 shares
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
50000000 shares
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
6250000 shares
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
50000000 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
106753 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
41.90
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
8761 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
31.58
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
97992 shares
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
35.20
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
88218 shares
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
51.67
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.036 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0369 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
1.066 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
1.149 pure
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
1049109 usd
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
140336 usd
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
3488620 shares
CY2023Q4 INVO Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Weighted Average Exercise Price Warrants
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageExercisePriceWarrants
3.95
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
1444812 shares
INVO Share Based Compensation Arrangements By Share Based Payment Award Non Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsGrantsInPeriodWeightedAverageExercisePrice
1.80
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
807000 shares
INVO Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Weighted Average Exercise Price Of Warrants Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsWeightedAverageExercisePriceOfWarrantsExercised
1.20
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
4126432 shares
CY2024Q2 INVO Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Weighted Average Exercise Price Warrants
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageExercisePriceWarrants
1.79
CY2024Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
1.20
CY2024Q2 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
11655 shares
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1836 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2865 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2865 usd
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0 pure
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0 pure
CY2024Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
5.00
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 INVO Rule10b51 Arr Modified Flag
Rule10b51ArrModifiedFlag
false
CY2024Q2 INVO Non Rule10b51 Arr Modified Flag
NonRule10b51ArrModifiedFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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0001493152-24-031917.txt Edgar Link pending
0001493152-24-031917-xbrl.zip Edgar Link pending
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invo-20240630.xsd Edgar Link pending
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form10q_htm.xml Edgar Link completed
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