LiveOne, Inc. (LVO) Financial Statements (2023 and earlier)

Company Profile

Business Address 9200 SUNSET BOULEVARD
WEST HOLLYWOOD, CA 90069
State of Incorp. DE
Fiscal Year End March 31
Industry (SIC) 5812 - Eating Places (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

6/30/2023
MRQ
3/31/2023
12/31/2022
MRQ
3/31/2022
3/31/2021
3/31/2020
3/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8,4098,25312,89418,6355,70213,704
Cash and cash equivalents8,4098,25312,89418,6355,70213,704
Restricted cash and investments2402402601006,700200
Receivables13,65813,88513,68710,5673,8894,314
Inventory, net of allowances, customer advances and progress billings2,5962,5972,5992,568  
Inventory2,5962,5972,5992,568  
Prepaid expense100100    
Deferred costs   (100)   
Other undisclosed current assets2,7232,6531,9683,4011,4311,346
Total current assets:27,72627,72831,30835,27117,72219,564
Noncurrent Assets
Property, plant and equipment3,3253,6774,6884,3673,3972,720
Intangible assets, net (including goodwill)34,41434,65840,09945,08732,8709,672
Goodwill23,37923,37923,37922,6199,6729,672
Intangible assets, net (excluding goodwill)11,03511,27916,72022,46823,198 
Other noncurrent assets4235077281,044 26,943
Other undisclosed noncurrent assets     127 
Total noncurrent assets:38,16238,84245,51550,49836,39439,335
TOTAL ASSETS:65,88866,57076,82385,76954,11658,899
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:22,77229,69545,41832,64630,72320,906
Employee-related liabilities1,200   
Accounts payable10,96018,2785,06718,54126,70318,316
Accrued liabilities11,5395,43015,50513,7863,9382,519
Other undisclosed accounts payable and accrued liabilities2735,98723,6463198271
Deferred revenue9929891,157  
Debt4,7413,789124,7052,7202,111
Derivative instruments and hedges, liabilities3,1482,393    
Customer refund liability100100    
Other undisclosed current liabilities12,72610,45613,53013,61114,35111,183
Total current liabilities:44,47947,42260,11750,96247,79434,200
Noncurrent Liabilities
Long-term debt and lease obligation7,14830,879 7,9236,50510,284
Long-term debt, excluding current maturities7,14830,879 7,9236,50510,284
Liabilities, other than long-term debt10,44724213,6503,937  
Deferred income tax liabilities 332    
Due to related parties   13,6503,937  
Other liabilities 9,578     
Operating lease, liability161242   
Derivative instruments and hedges, liabilities376     
Other undisclosed noncurrent liabilities 33813,97214,8116,9474,952
Total noncurrent liabilities:17,59531,45927,62226,67113,45215,236
Total liabilities:62,07478,88187,73977,63361,24649,436
Temporary equity, carrying amount4,827     
Equity
Equity, attributable to parent(1,013)(12,311)(10,916)8,136(7,130)9,463
Preferred stock16,177     
Common stock908883775952
Treasury stock, value(2,162)(1,938)    
Additional paid in capital209,151208,001202,854178,000120,93298,605
Accumulated deficit(224,269)(218,462)(213,853)(169,941)(128,121)(89,194)
Total equity:(1,013)(12,311)(10,916)8,136(7,130)9,463
TOTAL LIABILITIES AND EQUITY:65,88866,57076,82385,76954,11658,899

Income Statement (P&L) ($ in thousands)

6/30/2023
TTM
3/31/2023
12/31/2022
TTM
3/31/2022
3/31/2021
3/31/2020
3/31/2019
Other undisclosed income before gain (loss) on sale of properties43,729  
Revenues99,611146,893117,01965,23038,65933,701
Cost of revenue(66,782)(48,486) (200) (31,171)
Cost of goods and services sold    (200)  
Other undisclosed gross profit 200    
Gross profit:32,82998,607117,01965,03038,6592,530
Operating expenses(33,657)(115,685)(154,872)(94,600)(74,654)(67,595)
Other undisclosed operating income (loss)(1,356)(1,556) 200 31,171
Operating income (loss):(2,184)(18,634)(37,853)(29,370)(35,995)(33,894)
Nonoperating expense(7,770)(3,219)(5,876)(12,795)(3,124)(3,650)
Other nonoperating income (expense)6052,323(542)(2,312)614(377)
Interest and debt expense(600)4,6883,800   
Income (loss) from continuing operations before equity method investments, income taxes:(10,554)(17,165)(39,929)(42,165)(39,119)(37,544)
Loss from equity method investments    (42,165)(39,119)(37,544)
Other undisclosed income (loss) from continuing operations before income taxes6001,189(3,800)42,16539,11937,544
Income (loss) from continuing operations before income taxes:(9,954)(15,976)(43,729)(42,165)(39,119)(37,544)
Income tax expense (benefit)(65)(6,093)(183)345192(218)
Other undisclosed income from continuing operations  44,09544,095   
Income (loss) from continuing operations:(10,019)22,026183(41,820)(38,927)(37,762)
Income (loss) before gain (loss) on sale of properties:68,30343,912(41,820)(38,927)(37,762)
Income from discontinued operations   43,729   
Other undisclosed net loss  (87,824)(87,824)   
Net income (loss):(10,019)(22,069)(43,912)(41,820)(38,927)(37,762)
Net loss attributable to noncontrolling interest   (43,900)(41,800)  
Other undisclosed net income attributable to parent   43,90041,800  
Net income (loss) available to common stockholders, diluted:(10,019)(22,069)(43,912)(41,820)(38,927)(37,762)

Comprehensive Income ($ in thousands)

6/30/2023
TTM
3/31/2023
12/31/2022
TTM
3/31/2022
3/31/2021
3/31/2020
3/31/2019
Net income (loss):(10,019)(22,069)(43,912)(41,820)(38,927)(37,762)
Other comprehensive income  2,200    
Comprehensive income (loss):(10,019)(19,869)(43,912)(41,820)(38,927)(37,762)
Comprehensive loss, net of tax, attributable to noncontrolling interest   (43,900)(41,800)  
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (43,900)    
Comprehensive income (loss), net of tax, attributable to parent:(10,019)(63,769)(87,812)(83,620)(38,927)(37,762)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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