10-Q Filing

LANTRONIX INC CIK: 1114925 Q2 2012

Filing Information

Form Type	10-Q
Accession Number	`0001019687-12-000524`
Period End Date	20111231
Filing Date	20120214
Fiscal Year	2012
Fiscal Period	Q2
XBRL Instance	ltrx-20111231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 65 Income Statement 66 Cash Flow Statement 62

Balance Sheet 65 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.07M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.64M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.84M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.30M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$1.41M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.91M	USD	Point-in-time
Contract manufacturers' receivable	`NontradeReceivables`	$323.00K	USD	Point-in-time
Contract manufacturers' receivable	`NontradeReceivables`	$636.00K	USD	Point-in-time
Inventories, net	`InventoryNet`	$8.45M	USD	Point-in-time
Inventories, net	`InventoryNet`	$9.16M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$605.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$397.00K	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`	$14.45M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.76M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.70M	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`	$18.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$175.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$86.00K	USD	Point-in-time
Total assets	`Assets`	$31.19M	USD	Point-in-time
Total assets	`Assets`	$25.75M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.84M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$8.36M	USD	Point-in-time
Accrued payroll and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$2.00M	USD	Point-in-time
Accrued payroll and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$2.00M	USD	Point-in-time
Warranty reserve	`ProductWarrantyAccrualClassifiedCurrent`	$239.00K	USD	Point-in-time
Warranty reserve	`ProductWarrantyAccrualClassifiedCurrent`	$268.00K	USD	Point-in-time
Restructuring accrual	`RestructuringReserveCurrent`	$98.00K	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`	$4.23M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$3.20M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.49M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.07M	USD	Point-in-time
Long-term liabilities	`OtherLiabilitiesNoncurrent`	$550.00K	USD	Point-in-time
Long-term liabilities	`OtherLiabilitiesNoncurrent`	$342.00K	USD	Point-in-time
Long-term capital lease obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$60.00K	USD	Point-in-time
Long-term capital lease obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$45.00K	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$833.00K	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$500.00K	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`	$1.47M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$2.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$16.49M	USD	Point-in-time
Total liabilities	`Liabilities`	$13.54M	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`	$192.78M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$193.10M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-178.48M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-181.30M	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`	$12.21M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$14.70M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$25.75M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$31.19M	USD	Point-in-time

Income Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net revenue (1)	`SalesRevenueNet`	$10.45M	USD	1 Quarter
Net revenue (1)	`SalesRevenueNet`	$12.72M	USD	1 Quarter
Net revenue (1)	`SalesRevenueNet`	$24.91M	USD	2 Qtrs
Net revenue (1)	`SalesRevenueNet`	$21.64M	USD	2 Qtrs
Cost of revenue	`CostOfRevenue`	$12.41M	USD	2 Qtrs
Cost of revenue	`CostOfRevenue`	$6.44M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$11.29M	USD	2 Qtrs
Cost of revenue	`CostOfRevenue`	$5.41M	USD	1 Quarter
Gross profit	`GrossProfit`	$10.34M	USD	2 Qtrs
Gross profit	`GrossProfit`	$5.04M	USD	1 Quarter
Gross profit	`GrossProfit`	$12.51M	USD	2 Qtrs
Gross profit	`GrossProfit`	$6.28M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$10.14M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$4.44M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$5.09M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$9.40M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$3.34M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.70M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.65M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$3.52M	USD	2 Qtrs
Restructuring charges	`RestructuringCharges`	$269.00K	USD	2 Qtrs
Restructuring charges	`RestructuringCharges`	$269.00K	USD	1 Quarter
Amortization of purchased intangible assets	`AdjustmentForAmortization`	$36.00K	USD	2 Qtrs
Amortization of purchased intangible assets	`AdjustmentForAmortization`	$18.00K	USD	1 Quarter
Amortization of purchased intangible assets	`AdjustmentForAmortization`	$18.00K	USD	1 Quarter
Amortization of purchased intangible assets	`AdjustmentForAmortization`	$36.00K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$13.05M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$6.80M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$6.37M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$13.70M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-1.33M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.19M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-2.71M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-525.00K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$50.00K	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$58.00K	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$36.00K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$23.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-8.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$24.00K	USD	2 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-5.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-37.00K	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.36M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.23M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-2.79M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-566.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$13.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$26.00K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$31.00K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$13.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.26M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.38M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-579.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.82M	USD	2 Qtrs
Net loss per share (basic and diluted) (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.12	USD	2 Qtrs
Net loss per share (basic and diluted) (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.27	USD	2 Qtrs
Net loss per share (basic and diluted) (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.06	USD	1 Quarter
Net loss per share (basic and diluted) (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.13	USD	1 Quarter
Weighted-average shares (basic and diluted) (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.57M	shares	2 Qtrs
Weighted-average shares (basic and diluted) (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.39M	shares	2 Qtrs
Weighted-average shares (basic and diluted) (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.43M	shares	1 Quarter
Weighted-average shares (basic and diluted) (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.58M	shares	1 Quarter
Net revenue from related parties	`RevenueFromRelatedParties`	$212.00K	USD	1 Quarter
Net revenue from related parties	`RevenueFromRelatedParties`	$174.00K	USD	1 Quarter
Net revenue from related parties	`RevenueFromRelatedParties`	$453.00K	USD	2 Qtrs
Net revenue from related parties	`RevenueFromRelatedParties`	$411.00K	USD	2 Qtrs

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.26M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.38M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-579.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.82M	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$352.00K	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$1.06M	USD	2 Qtrs
Depreciation	`Depreciation`	$458.00K	USD	2 Qtrs
Depreciation	`Depreciation`	$515.00K	USD	2 Qtrs
Provision (recovery) for inventories	`InventoryWriteDown`	$152.00K	USD	2 Qtrs
Provision (recovery) for inventories	`InventoryWriteDown`	$479.00K	USD	2 Qtrs
Amortization of purchased intangible assets	`AmortizationOfIntangibleAssets`	$36.00K	USD	2 Qtrs
Amortization of purchased intangible assets	`AmortizationOfIntangibleAssets`	$46.00K	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$10.00K	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$1.00K	USD	2 Qtrs
Restructuring charges	`IncreaseDecreaseInRestructuringReserve`	$269.00K	USD	2 Qtrs
Provision for officer loan	`LoansAndLeasesReceivableRelatedPartiesPeriodIncreaseDecrease`	$17.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.49M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-629.00K	USD	2 Qtrs
Contract manufacturers' receivable	`IncreaseDecreaseInContractReceivablesNet`	$-473.00K	USD	2 Qtrs
Contract manufacturers' receivable	`IncreaseDecreaseInContractReceivablesNet`	$313.00K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-2.87M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$228.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$87.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$208.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-31.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$72.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$3.21M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-3.52M	USD	2 Qtrs
Accrued payroll and related expenses	`IncreaseDecreaseInAccruedSalaries`	$-286.00K	USD	2 Qtrs
Warranty reserve	`ProductWarrantyAccrualPeriodIncreaseDecrease`	$-29.00K	USD	2 Qtrs
Warranty reserve	`ProductWarrantyAccrualPeriodIncreaseDecrease`	$26.00K	USD	2 Qtrs
Restructuring accrual	`RestructuringReservePeriodIncreaseDecrease`	$-171.00K	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$822.00K	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$440.00K	USD	2 Qtrs
Cash received related to tenant incentives	`PaymentsForProceedsFromTenantAllowance`	$32.00K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$29.00K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.79M	USD	2 Qtrs
Purchases of property and equipment, net	`PaymentsToAcquirePropertyPlantAndEquipment`	$220.00K	USD	2 Qtrs
Purchases of property and equipment, net	`PaymentsToAcquirePropertyPlantAndEquipment`	$305.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-220.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-305.00K	USD	2 Qtrs
Proceeds from term loan	`ProceedsFromBankDebt`	$2.00M	USD	2 Qtrs
Payment of term loan	`RepaymentsOfBankDebt`	$333.00K	USD	2 Qtrs
Payment of term loan	`RepaymentsOfBankDebt`	$944.00K	USD	2 Qtrs
Minimum tax withholding paid on behalf of employees for restricted shares	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$30.00K	USD	2 Qtrs
Minimum tax withholding paid on behalf of employees for restricted shares	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$131.00K	USD	2 Qtrs
Payment of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$238.00K	USD	2 Qtrs
Payment of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$74.00K	USD	2 Qtrs
Net proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$27.00K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-437.00K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$714.00K	USD	2 Qtrs
Effect of foreign exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$47.00K	USD	2 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.53M	USD	2 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$570.00K	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.07M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.64M	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`	$3.30M	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`	$10.64M	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`	$3.30M	USD	Point-in-time

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