LiveOne 2026年季度报告

UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549 FORM 10-Q (Mark One)☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the quarterly period ended June 30, 2026 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the transition period from __________________ to __________________ Commission File Number:001-38249 LIVEONE, INC.(Exact name of registrant as specified in its charter) Delaware98-0657263(State or other jurisdiction ofincorporation or organization)(I.R.S. EmployerIdentification No.) (Registrant’s telephone number, including area code) n/a(Former name, former address and former fiscal year, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section13 or 15(d) of thSecurities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant is required to file sucreports), and (2) has been subject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittepursuant to Rule405 of RegulationS-T (§232.405 of this chapter) during the preceding 12months (or for such shorter period that thregistrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☐Accelerated filer☐Non-accelerated filer☒Smaller reporting company☒Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition periofor complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act). Yes☐No☒ As of August 12, 2026, there were 13,711,789shares of the registrant’s common stock, $0.001 par value per share, issued anoutstanding. Table of Contents LIVEONE, INC. TABLE OF CONTENTS PART I —FINANCIAL INFORMATION Item 1.Financial Statements1Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations2Item 3.Quantitative and Qualitative Disclosures About Market Risk14Item 4.Controls and Procedures14PART II —OTHER INFORMATION15Item 1.Legal Proceedings15Item 1A.Risk Factors15Item 2.Unregistered Sales of Equity Securities and Use of Proceeds22Item 3.Defaults Upon Senior Securities22Item 4.Mine Safety Disclosures23Item 5.Other Information23Item 6.Exhibits23Signatures25 EXPLANATORY NOTE Effective September 26, 2025, the Company effected a 1-for-10 reverse stock split of its issued and outstanding sharesCommon Stock (the “Reverse Stock Split”). As a result of the Reverse Stock Split, every 10 shares of the Company's issued anoutstanding pre-Reverse Stock Split shares of common stock, $0.001 par value per share (the “common stock”), were combined inone share of Common Stock. Stockholders who otherwise were entitled to receive fractional shares of common stock received cas(without interest) in lieu of any fractional shares. In connection with the Reverse Stock Split, there was no change in the par value pshare of common stock of $0.001. As a result of the Reverse Stock Split, equitable adjustments corresponding to the Reverse StocSplit ratio were made to the Company’s outstanding warrants and its other convertible instruments and upon the exercise or vestingall stock options such that every 10 shares of common stock that may be issued upon the exercise of the Company's warrants and stocoptions and conversion of its other convertible instruments held immediately prior to the Reverse Stock Split represent one sharecommon stock that may be issued upon exercise of such warrants and stock options and conversion of the other convertibinstruments immediately following the Reverse Stock Split. Correspondingly, the exercise price per share of common stocattributable to the Company's warrants and stock options and the conversion price of its other convertible instruments immediateprior to the Reverse Stock Split was proportionately increased by a multiple of 10 following the Reverse Stock Split. All common stock share and per share data, and exercise price data for applicable common stock equivalents, included in thQuarterly Report on Form 10-Q, including the financial statements, have been retroactively adjusted to give effect to the ReverStock Split for all periods presented, unless otherwise indicated. PART I—FINANCIAL I