XML 30 R20.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Leases | 9 Months Ended
--- | ---
Dec. 31, 2021
Leases [Abstract] |
Leases | Note 13 — Leases The Company leases a space at a location under a non-cancellable operating lease with a remaining lease term of 1 year, expiring in fiscal year 2022. On December 22, 2020, the Company acquired CPS which included the assumption of an operating lease for a 55,120 square foot light manufacturing facility located in Addison Illinois, expiring June 30, 2024. The Company leases several office locations with lease terms that are less than 12 months or are on month to month terms. Rent expense for these leases totaled less than $0.1 million and $0.2 million for the three and nine months ended December 31, 2021, respectively. Operating leases with lease terms of greater than 12 months are capitalized in operating lease right-of-use assets and operating lease liabilities in the accompanying condensed consolidated balance sheets. Rent expense for these operating leases totaled $0.1 million and $0.7 million during the three and nine months ended December 31, 2021, respectively. Operating lease costs for nine months ended December 31, 2021 and 2020 consisted of the following (in thousands):
|  | Nine Months Ended December 31, |
|  | 2021 |  |  | 2020 |
Fixed rent cost |  | $ | 679 |  |  |  | 123 |
Short term lease cost |  |  | 217 |  |  |  | 341 |
Total operating lease cost |  | $ | 896 |  |  |  | 464 |
Supplemental balance sheet information related to leases was as follows (in thousands):
Operating leases |  | December 31, 2021 |  |  | March 31, 2021 |
Operating lease right-of-use assets |  | $ | 802 |  |  |  | 1,057 |
Operating lease liability, current |  | $ | 273 |  |  |  | 319 |
Operating lease liability, noncurrent |  |  | 540 |  |  |  | 742 |
Total operating lease liabilities |  | $ | 813 |  |  |  | 1,061 |
The operating lease right-of-use assets are included in other assets and operating lease liabilities are included in accounts payable and accrued liabilities and lease liabilities non-current in the accompanying condensed consolidated balance sheets. Maturities of operating lease liabilities as of December 31, 2021 were as follows (in thousands):
For Years Ending March 31, |  |  |
2022 (remaining three months) |  |  | 88 |
2023 |  |  | 358 |
2024 |  |  | 320 |
2025 |  |  | 93 |
Total lease payments |  |  | 859 |
Less: imputed interest |  |  | (46 | )
Present value of operating lease liabilities |  | $ | 813 |
Significant judgments Discount rate – the Company’s lease is discounted using the Company’s incremental borrowing rate of 8.5% as the rate implicit in the lease is not readily determinable. Options – the lease term is the minimum noncancelable period of the lease. The Company does not include option periods unless the Company determined it is reasonably certain of exercising the option at inception or when a triggering event occurs. Lease and non-lease components – Non lease components were considered and determined not to be material

X
- References No definition available. + Details
Name: | lvo_LeasesTextBlock
Namespace Prefix: | lvo_
Data Type: | dtr:textBlockItemType
Balance Type: | na
Period Type: | duration

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