XML 52 R41.htm IDEA: XBRL DOCUMENT
v3.20.2

Fair Value Measurements (Tables) | 6 Months Ended
--- | ---
Sep. 30, 2020
Fair Value Disclosures [Abstract] |
Schedule of fair value of financial liabilities are measured at fair value on a recurring basis |
|  | September 30, 2020 |
|  | Fair |  |  | Hierarchy Level |
|  | Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Contingent consideration liability |  | $ | 695 |  |  | $ | - |  |  | $ | - |  |  | $ | 695 |
Bifurcated embedded derivative on senior secured convertible notes payable |  |  | 553 |  |  |  | - |  |  |  | - |  |  |  | 553 |
Bifurcated embedded derivative on unsecured convertible note payable |  |  | 62 |  |  |  | - |  |  |  | - |  |  |  | 62 |
|  | $ | 1,310 |  |  | $ | - |  |  | $ | - |  |  | $ | 1,310 |
|  | March 31, 2020 |
|  | Fair |  |  | Hierarchy Level |
|  | Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Bifurcated embedded derivative on senior secured convertible debentures |  | $ | 524 |  |  | $ | - |  |  | $ | - |  |  | $ | 524 |
Bifurcated embedded derivative on unsecured convertible note payable |  |  | 141 |  |  |  | - |  |  |  | - |  |  |  | 141 |
|  | $ | 665 |  |  | $ | - |  |  | $ | - |  |  | $ | 665 |
Schedule of financial liabilities |
|  | Amount |
Balance as of March 31, 2020 |  | $ | 665 |
Initial measurement of contingent consideration from PodcastOne acquisition on July 1, 2020 |  |  | 1,100 |
Initial measurement of embedded derivatives on senior secured convertible notes issued on September 15, 2020 |  |  | 671 |
Adjustments reported in loss on extinguishment of debt |  |  | (225 | )
Fair value adjustments reported in earnings |  |  | (901 | )
Balance as of September 30, 2020 |  | $ | 1,310 |
|  | Amount |
Balance as of March 31, 2019 |  | $ | 586 |
Total fair value adjustments reported in earnings |  |  | (194 | )
Balance as of September 30, 2019 |  | $ | 392 |
Schedule of derivatives on senior secured convertible debentures |
|  | September 30, |  |  | March 31, |
|  | 2020 |  |  | 2020 |
Bifurcated embedded derivative on senior secured convertible debentures Market yield |  |  | - |  |  |  | 27.4 | %
Bifurcated embedded derivative on senior secured convertible notes payable Market yield |  |  | 22.8 | % |  |  | - |
Bifurcated embedded derivative on unsecured convertible note payable Market yield |  |  | 38.8 | % |  |  | 43.9 | %
Contingent consideration Market yield |  |  | 22.8 | % |  |  |  |
Schedule of fair value measurement option for financial assets or liabilities |
|  | September 30, 2020 |
|  | Carrying |  |  | Hierarchy Level |
|  | Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Assets: |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 20,744 |  |  | $ | 20,744 |  |  | $ | - |  |  | $ | - |
Restricted cash |  |  | 235 |  |  |  | 235 |  |  |  | - |  |  |  | - |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Notes payable |  |  | 2,968 |  |  |  | - |  |  |  | - |  |  |  | 2,968 |
Senior secured convertible notes payable, net |  |  | 12,874 |  |  |  | - |  |  |  | - |  |  |  | 15,104 |
Unsecured convertible notes payable related party, net |  |  | 5,300 |  |  |  | - |  |  |  | - |  |  |  | 5,950 |
Unsecured convertible notes, payable net |  |  | 1,818 |  |  |  | - |  |  |  | - |  |  |  | 1,758 |
|  | March 31, 2020 |
|  | Carrying |  |  | Hierarchy Level |
|  | Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Assets: |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 5,702 |  |  | $ | 5,702 |  |  | $ | - |  |  | $ | - |
Restricted cash |  |  | 6,735 |  |  |  | 6,735 |  |  |  | - |  |  |  | - |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Note payable |  |  | 331 |  |  |  | - |  |  |  | - |  |  |  | 331 |
Senior secured convertible debentures, net |  |  | 8,701 |  |  |  | - |  |  |  | - |  |  |  | 9,254 |
Unsecured convertible notes payable related party, net |  |  | 5,114 |  |  |  |  |  |  |  |  |  |  |  | 4,451 |
Unsecured convertible note payable |  |  | 1,539 |  |  |  | - |  |  |  | - |  |  |  | 1,338 |
Schedule of fair value of each of the debentures and unsecured convertible |
|  | September 30, |  |  | March 31, |
|  | 2020 |  |  | 2020 |
Senior secured convertible debentures, net (binomial lattice model): |  |  |  |  |  |
Market yield |  |  | - |  |  |  | 27.4 | %
Senior secured convertible notes payable, net (binomial lattice model): |  |  | 22.8 | % |  |  | - |
Market yield |  |  |  |  |  |  |  |
Unsecured convertible notes payable related party, net (yield model with a Black-Scholes-Merton option pricing model): |  |  |  |  |  |  |  |
Market yield |  |  | 38.8 | % |  |  | 41.6 | %
Unsecured convertible note payable (yield model with a Black-Scholes-Merton option pricing model): |  |  |  |  |  |  |  |
Market yield |  |  | 38.8 | % |  |  | 43.9 | %

X
- Definition Schedule of fair value of each of the debentures and unsecured convertible. + References No definition available. + Details
Name: | livx_DebenturesAndUnsecuredConvertibleNotesTableTextBlock
Namespace Prefix: | livx_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | livx_DerivativeOnSeniorSecuredConvertibleDebenturesableTextBlock
Namespace Prefix: | livx_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=121572278&loc=d3e13467-108611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure of the fair value measurement of assets and liabilities, which includes financial instruments measured at fair value that are classified in shareholders' equity, which may be measured on a recurring or nonrecurring basis. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -URI http://asc.fasb.org/topic&trid=2155941 + Details
Name: | us-gaap_FairValueMeasurementInputsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624163-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5580258-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121590274&loc=d3e41620-113959 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5579245-113959 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=121590274&loc=d3e41638-113959 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=121590274&loc=d3e41678-113959 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=121590274&loc=d3e41641-113959 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624171-113959 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5579240-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration