10-Q Filing

LANTRONIX INC CIK: 1114925 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001019687-11-003487`
Period End Date	20110930
Filing Date	20111114
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	ltrx-20110930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 32 Cash Flow Statement 59

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.46M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.84M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.07M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.04M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.91M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.06M	USD	Point-in-time
Contract manufacturers' receivable	`NontradeReceivables`	$322.00K	USD	Point-in-time
Contract manufacturers' receivable	`NontradeReceivables`	$636.00K	USD	Point-in-time
Inventories, net	`InventoryNet`	$9.16M	USD	Point-in-time
Inventories, net	`InventoryNet`	$9.29M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$605.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$470.00K	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$569.00K	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$569.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$19.71M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$16.74M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.83M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.76M	USD	Point-in-time
Goodwill	`Goodwill`	$9.49M	USD	Point-in-time
Goodwill	`Goodwill`	$9.49M	USD	Point-in-time
Purchased intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$54.00K	USD	Point-in-time
Purchased intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$36.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$110.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$175.00K	USD	Point-in-time
Total assets	`Assets`	$31.19M	USD	Point-in-time
Total assets	`Assets`	$28.20M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.87M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$8.36M	USD	Point-in-time
Accrued payroll and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$2.33M	USD	Point-in-time
Accrued payroll and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$2.00M	USD	Point-in-time
Warranty reserve	`ProductWarrantyAccrualClassifiedCurrent`	$259.00K	USD	Point-in-time
Warranty reserve	`ProductWarrantyAccrualClassifiedCurrent`	$268.00K	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$667.00K	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$667.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$3.01M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$3.20M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$13.13M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.49M	USD	Point-in-time
Long-term liabilities	`OtherLiabilitiesNoncurrent`	$365.00K	USD	Point-in-time
Long-term liabilities	`OtherLiabilitiesNoncurrent`	$550.00K	USD	Point-in-time
Long-term capital lease obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$73.00K	USD	Point-in-time
Long-term capital lease obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$45.00K	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$667.00K	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$833.00K	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$569.00K	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$569.00K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$2.00M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$1.67M	USD	Point-in-time
Total liabilities	`Liabilities`	$16.49M	USD	Point-in-time
Total liabilities	`Liabilities`	$14.81M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock	`CommonStockValue`	$1.00K	USD	Point-in-time
Common stock	`CommonStockValue`	$1.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$192.91M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$192.78M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-179.92M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-178.48M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$399.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$399.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$13.39M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$14.70M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$31.19M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$28.20M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net revenue (1)	`SalesRevenueNet`	$12.19M	USD	1 Quarter
Net revenue (1)	`SalesRevenueNet`	$11.18M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$5.96M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$5.88M	USD	1 Quarter
Gross profit	`GrossProfit`	$5.30M	USD	1 Quarter
Gross profit	`GrossProfit`	$6.23M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$5.05M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$4.96M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.70M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.82M	USD	1 Quarter
Amortization of purchased intangible assets	`AdjustmentForAmortization`	$18.00K	USD	1 Quarter
Amortization of purchased intangible assets	`AdjustmentForAmortization`	$18.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$6.89M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$6.68M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-667.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.38M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-27.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-22.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$29.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-29.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-660.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.43M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$18.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$13.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-678.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.44M	USD	1 Quarter
Net loss per share (basic and diluted) (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.07	USD	1 Quarter
Net loss per share (basic and diluted) (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.14	USD	1 Quarter
Weighted-average shares (basic and diluted) (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	10.35M	shares	Point-in-time
Weighted-average shares (basic and diluted) (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	10.56M	shares	Point-in-time
Net revenue from related parties	`RevenueFromRelatedParties`	$237.00K	USD	1 Quarter
Net revenue from related parties	`RevenueFromRelatedParties`	$241.00K	USD	1 Quarter

Cash Flow Statement 59 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-678.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.44M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$583.00K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$160.00K	USD	1 Quarter
Depreciation	`Depreciation`	$234.00K	USD	1 Quarter
Depreciation	`Depreciation`	$257.00K	USD	1 Quarter
Provision for inventories	`InventoryWriteDown`	$1.00K	USD	1 Quarter
Provision for inventories	`InventoryWriteDown`	$4.00K	USD	1 Quarter
Amortization of purchased intangible assets	`AmortizationOfIntangibleAssets`	$18.00K	USD	1 Quarter
Amortization of purchased intangible assets	`AmortizationOfIntangibleAssets`	$23.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$1.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$16.00K	USD	1 Quarter
Provision for officer loans	`ProvisionForLoanAndLeaseLosses`	$17.00K	USD	1 Quarter
Loss on sale/write off of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$1.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$836.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-424.00K	USD	1 Quarter
Contract manufacturers' receivable	`IncreaseDecreaseInContractReceivablesNet`	$-128.00K	USD	1 Quarter
Contract manufacturers' receivable	`IncreaseDecreaseInContractReceivablesNet`	$314.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-640.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-126.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$125.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$127.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$49.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-37.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.49M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$467.00K	USD	1 Quarter
Accrued payroll and related expenses	`IncreaseDecreaseInAccruedSalaries`	$68.00K	USD	1 Quarter
Accrued payroll and related expenses	`IncreaseDecreaseInAccruedSalaries`	$300.00K	USD	1 Quarter
Warranty reserve	`ProductWarrantyAccrualPeriodIncreaseDecrease`	$-31.00K	USD	1 Quarter
Warranty reserve	`ProductWarrantyAccrualPeriodIncreaseDecrease`	$-9.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-242.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-370.00K	USD	1 Quarter
Cash received related to tenant incentives	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$32.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.36M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-620.00K	USD	1 Quarter
Purchases of property and equipment, net	`PaymentsToAcquirePropertyPlantAndEquipment`	$83.00K	USD	1 Quarter
Purchases of property and equipment, net	`PaymentsToAcquirePropertyPlantAndEquipment`	$209.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-83.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-209.00K	USD	1 Quarter
Proceeds from term loan	`ProceedsFromBankDebt`	$2.00M	USD	1 Quarter
Payment of term loan	`RepaymentsOfBankDebt`	$778.00K	USD	1 Quarter
Payment of term loan	`RepaymentsOfBankDebt`	$167.00K	USD	1 Quarter
Minimum tax withholding paid on behalf of employees for restricted shares	`PaymentsForProceedsFromTenantAllowance`	$131.00K	USD	1 Quarter
Payment of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$54.00K	USD	1 Quarter
Payment of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$52.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.04M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-219.00K	USD	1 Quarter
Effect of foreign exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-10.00K	USD	1 Quarter
Effect of foreign exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$49.00K	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.80M	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$383.00K	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.46M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.84M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.07M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.04M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$10.46M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.84M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$10.07M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.04M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.