XML 67 R30.htm IDEA: XBRL DOCUMENT
v3.20.1

Business Combinations (Tables) | 12 Months Ended
--- | ---
Mar. 31, 2020
React Presents [Member] |
Business Acquisition [Line Items] |
Summary of fair value of the assets acquired |
Asset Type |  | Fair Value |
Cash |  | $ | 138 |
Accounts receivable |  |  | 101 |
Prepaid expense and other assets |  |  | 37 |
Property and equipment |  |  | 17 |
Brands names |  |  | 1,500 |
Non-compete agreement |  |  | 250 |
Fan database |  |  | 230 |
Accounts payable and accrued liabilities |  |  | (221 | )
Deferred tax liability |  |  | (107 | )
Gain on bargain purchase, net of tax |  |  | (404 | )
Net assets acquired |  | $ | 1,541 |
Summary of revenues and net loss |
|  | Year Ended March 31, (unaudited) |
|  | 2020 |  |  | 2019 |
Revenues |  | $ | 52,727 |  |  | $ | 51,609 |
Net loss |  |  | (42,476 | ) |  |  | (40,662 | )
Net loss per share – basic and diluted |  |  | (0.76 | ) |  |  | (0.78 | )
Slacker [Member] |
Business Acquisition [Line Items] |
Schedule of changes in purchase price allocation |
Consideration |  | Final Fair Value |  |  | Preliminary Fair Value* |  |  | Change** |
Cash |  | $ | 2,525 |  |  | $ | 2,525 |  |  | $ | - |
Less cash acquired |  |  | (113 | ) |  |  | (113 | ) |  |  | - |
Net cash consideration |  |  | 2,412 |  |  |  | 2,412 |  |  |  | - |
Equity at fair value |  |  | 26,167 |  |  |  | 31,911 |  |  |  | (5,744 | )
Net consideration |  | $ | 28,579 |  |  | $ | 34,323 |  |  | $ | (5,744 | )
|  | Final Allocation |  |  | Preliminary Allocation* |  |  | Change** |
Restricted cash |  | $ | 150 |  |  | $ | 150 |  |  | $ | - |
Accounts receivable |  |  | 3,339 |  |  |  | 3,339 |  |  |  | - |
Prepaid expense and other assets |  |  | 254 |  |  |  | 254 |  |  |  | - |
Deferred cost of sales |  |  | 458 |  |  |  | 458 |  |  |  | - |
Property and equipment |  |  | 400 |  |  |  | 400 |  |  |  | - |
Trademarks/tradenames |  |  | 4,637 |  |  |  | 11,436 |  |  |  | (6,799 | )
Intellectual property |  |  | 5,366 |  |  |  | 8,454 |  |  |  | (3,088 | )
Customer relationships |  |  | 6,570 |  |  |  | 6,618 |  |  |  | (48 | )
Software |  |  | 19,280 |  |  |  | 19,384 |  |  |  | (104 | )
Goodwill |  |  | 9,672 |  |  |  | 5,377 |  |  |  | 4,295 |
Deferred tax asset |  |  | 1,181 |  |  |  | 1,523 |  |  |  | (342 | )
Allowance for deferred tax asset |  |  | (1,181 | ) |  |  | (1,523 | ) |  |  | 342 |
Assumed current portion of long-term debt |  |  | (3,907 | ) |  |  | (3,907 | ) |  |  | - |
Assumed current liabilities |  |  | (17,640 | ) |  |  | (17,640 | ) |  |  | - |
Net consideration |  | $ | 28,579 |  |  | $ | 34,323 |  |  | $ | (5,744 | )
(* Preliminary fair values recorded as of March 31, 2018. **The fair value of equity consideration was changed by $5.7 million to reflect the lack of marketability from an 18-month lockout period. Changes in values of Tradenames and Intellectual property due to finalization of royalty rates.)

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_BusinessAcquisitionLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
Name: | us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of transactions that are recognized separately from the acquisition of assets and assumptions of liabilities in the business combination. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
Name: | us-gaap_BusinessCombinationSeparatelyRecognizedTransactionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=116869197&loc=d3e4845-128472 + Details
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | srt_OwnershipAxis=livx_ReactPresentsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_OwnershipAxis=livx_SlackerMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |