v3.25.0.1

Consolidated Statements of Operations (unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Consolidated Statements of Operations (unaudited)
Net Sales	$ 7,186	$ 6,786	$ 12,941	$ 12,912
Cost of goods sold (excluding depreciation expense presented below)	5,204	4,968	9,444	9,512
Gross profit	1,982	1,818	3,497	3,400
Operating expenses:
Advertising and promotion	247	273	478	541
Other selling and marketing	437	439	851	866
General and administrative	899	849	1,783	1,668
Depreciation	108	103	217	203
Total operating expenses	1,691	1,664	3,329	3,278
Operating loss	291	154	168	122
Other income (expense):
Interest expense and financing costs	(98)	(94)	(185)	(188)
Total other income (expense)	(98)	(94)	(185)	(188)
Income (loss) from operations before income taxes	193	60	(17)	(66)
Provision for income taxes	0	(31)	0	(31)
Net income/(loss)	$ 193	$ 29	$ (17)	$ (97)
Net loss per share:
Basic	$ 0.00	$ 0.00	$ (0.00)	$ (0.00)
Diluted	$ 0.00	$ 0.00	$ (0.00)	$ (0.00)
Shares used in calculation of net loss per share:
Basic	76,834,057	76,547,672	76,834,057	76,547,672
Diluted	76,834,057	76,547,672	76,834,057	76,547,672

The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(2)(d))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(2)(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 924
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479941/924-10-S99-1

Luvu Brands, Inc. 10-Q