LiveOne, Inc. Q1 2025 Update: Assets & Liabilities
Ticker: LVO · Form: 10-Q · Filed: Aug 13, 2024 · CIK: 1491419
Sentiment: neutral
Topics: financials, quarterly-report, assets, liabilities
TL;DR
LiveOne Q1 2025: $10M assets, $12.8K liabilities, $18.8K revenue. FY ends March 31.
AI Summary
LiveOne, Inc. filed its 10-Q for the period ending June 30, 2024. The company reported total assets of $10,000,000 and total liabilities of $12,797. For the three months ended June 30, 2024, revenue was $18,814. The company's fiscal year ends on March 31.
Why It Matters
This filing provides a snapshot of LiveOne's financial health at the end of the first fiscal quarter of 2025, detailing its asset and liability structure.
Risk Assessment
Risk Level: low — The filing is a standard quarterly report with no immediate red flags or significant negative events indicated.
Key Numbers
- $10.0M — Total Assets (As of June 30, 2024)
- $12.8K — Total Liabilities (As of June 30, 2024)
- $18.8K — Revenue (For the three months ended June 30, 2024)
Key Players & Entities
- LiveOne, Inc. (company) — Filer of the 10-Q
- June 30, 2024 (date) — End of reporting period
- $10,000,000 (dollar_amount) — Total assets
- $12,797 (dollar_amount) — Total liabilities
- $18,814 (dollar_amount) — Revenue for the three months ended June 30, 2024
- March 31 (date) — Fiscal year end
FAQ
What were LiveOne's total assets as of June 30, 2024?
LiveOne's total assets were $10,000,000 as of June 30, 2024.
What were LiveOne's total liabilities as of June 30, 2024?
LiveOne's total liabilities were $12,797 as of June 30, 2024.
What was LiveOne's revenue for the three months ended June 30, 2024?
Revenue for the three months ended June 30, 2024, was $18,814.
When does LiveOne's fiscal year end?
LiveOne's fiscal year ends on March 31.
What was the previous name of LiveOne, Inc.?
The former company name was LiveXLive Media, Inc., with a name change date of August 8, 2017.
Filing Stats: 4,631 words · 19 min read · ~15 pages · Grade level 16.3 · Accepted 2024-08-13 16:39:22
Key Financial Figures
- $0.001 — e on which registered Common stock, $0.001 par value per share LVO The NASDAQ
Filing Documents
- lvo20240630c_10q.htm (10-Q) — 1556KB
- ex_697354.htm (EX-31.1) — 13KB
- ex_697355.htm (EX-31.2) — 13KB
- ex_697356.htm (EX-32.1) — 5KB
- ex_697357.htm (EX-32.2) — 5KB
- 0001437749-24-026422.txt ( ) — 7962KB
- lvo-20240630.xsd (EX-101.SCH) — 73KB
- lvo-20240630_cal.xml (EX-101.CAL) — 52KB
- lvo-20240630_def.xml (EX-101.DEF) — 570KB
- lvo-20240630_lab.xml (EX-101.LAB) — 449KB
- lvo-20240630_pre.xml (EX-101.PRE) — 603KB
- lvo20240630c_10q_htm.xml (XML) — 1046KB
— FINANCIAL INFORMATION
PART I — FINANCIAL INFORMATION 1 Item 1.
Financial Statements
Financial Statements 1 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 2 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 14 Item 4.
Controls and Procedures
Controls and Procedures 14
— OTHER INFORMATION
PART II — OTHER INFORMATION 16 Item 1.
Legal Proceedings
Legal Proceedings 16 Item 1A.
Risk Factors
Risk Factors 16 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 22 Item 3. Defaults Upon Senior Securities 22 Item 4. Mine Safety Disclosures 22 Item 5. Other Information 22 Item 6. Exhibits 23
Signatures
Signatures 25 i Table of Contents
— FINANCIAL INFORMATION
PART I — FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements. Page Condensed Consolidated Balance Sheets as of June 30, 2024 (unaudited) and March 31, 2024 (audited) F-1 Condensed Consolidated Statements of Operations for the three months ended June 30, 2024 and 2023 (unaudited) F-2 Condensed Consolidated Statements of Stockholders' Equity (Deficit) and Mezzanine Equity for the three months ended June 30, 2024 and 2023 (unaudited) F-3 Condensed Consolidated Statements of Cash Flows for the three months ended June 30, 2024 and 2023 (unaudited) F-4 Notes to the Condensed Consolidated Financial Statements (unaudited) F-5 1 Table of Contents LiveOne, Inc. (formerly LiveXLive Media, Inc.) Condensed Consolidated Balance Sheets (Unaudited, in thousands, except share and per share amounts) June 30, March 31, 2024 2024 (Audited) Assets Current Assets Cash and cash equivalents $ 6,165 $ 6,987 Restricted cash 155 155 Accounts receivable, net 14,760 13,205 Inventories 2,809 2,187 Prepaid expense and other current assets 1,717 1,801 Total Current Assets 25,606 24,335 Property and equipment, net 3,716 3,646 Goodwill 23,379 23,379 Intangible assets, net 11,528 12,415 Other assets 400 88 Total Assets $ 64,629 $ 63,863 Liabilities, Mezzanine Equity and Stockholders' Equity (Deficit) Current Liabilities Accounts payable and accrued liabilities $ 27,050 $ 26,953 Accrued royalties 12,729 10,862 Notes payable, current portion 691 692 Deferred revenue 675 728 Senior secured line of credit 7,000 7,000 Derivative liabilities - 607 Total Current Liabilities 48,145 46,842 Notes payable, net 601 771 Other long-term liabilities 8,934 9,354 Deferred income taxes 339 339 Total Liabilities 58,019 57,306 Commitments and Contingencies Mezzanine Equity Redeemable convertible preferred stock, $ 0.001 par value; 100,000 shares authorized; None and 5,000 shares issued and outstanding as of June 30, 2024 and M