10-Q Filing

LANTRONIX INC CIK: 1114925 Q3 2012

Filing Information

Form Type	10-Q
Accession Number	`0001019687-12-001639`
Period End Date	20120331
Filing Date	20120504
Fiscal Year	2012
Fiscal Period	Q3
XBRL Instance	ltrx-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 66 Cash Flow Statement 63

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.07M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.48M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.84M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.83M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.91M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.67M	USD	Point-in-time
Contract manufacturers' receivable	`NontradeReceivables`	$531.00K	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`	$6.75M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$733.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$605.00K	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`	$13.09M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$19.71M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.76M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.61M	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
Other assets	`OtherAssetsNoncurrent`	$83.00K	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`	$24.28M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.43M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$8.36M	USD	Point-in-time
Accrued payroll and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$2.28M	USD	Point-in-time
Accrued payroll and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$2.00M	USD	Point-in-time
Warranty reserve	`ProductWarrantyAccrualClassifiedCurrent`	$268.00K	USD	Point-in-time
Warranty reserve	`ProductWarrantyAccrualClassifiedCurrent`	$227.00K	USD	Point-in-time
Restructuring accrual	`RestructuringReserveCurrent`	$40.00K	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$667.00K	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$667.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$3.03M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$3.20M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.66M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.49M	USD	Point-in-time
Long-term liabilities	`OtherLiabilitiesNoncurrent`	$312.00K	USD	Point-in-time
Long-term liabilities	`OtherLiabilitiesNoncurrent`	$550.00K	USD	Point-in-time
Long-term capital lease obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$29.00K	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`	$333.00K	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`	$1.24M	USD	Point-in-time
Total liabilities	`Liabilities`	$11.91M	USD	Point-in-time
Total liabilities	`Liabilities`	$16.49M	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`	$193.31M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-178.48M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-181.34M	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`	$12.37M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$14.70M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$24.28M	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`	$12.13M	USD	1 Quarter
Net revenue (1)	`SalesRevenueNet`	$33.77M	USD	3 Qtrs
Net revenue (1)	`SalesRevenueNet`	$12.38M	USD	1 Quarter
Net revenue (1)	`SalesRevenueNet`	$37.29M	USD	3 Qtrs
Cost of revenue	`CostOfRevenue`	$6.02M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$18.43M	USD	3 Qtrs
Cost of revenue	`CostOfRevenue`	$6.21M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$17.51M	USD	3 Qtrs
Gross profit	`GrossProfit`	$18.86M	USD	3 Qtrs
Gross profit	`GrossProfit`	$6.36M	USD	1 Quarter
Gross profit	`GrossProfit`	$5.92M	USD	1 Quarter
Gross profit	`GrossProfit`	$16.26M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$4.09M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$4.94M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$15.08M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$13.49M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$5.27M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.75M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$5.12M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.77M	USD	1 Quarter
Restructuring charges	`RestructuringCharges`	$286.00K	USD	3 Qtrs
Restructuring charges	`RestructuringCharges`	$17.00K	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
Amortization of purchased intangible assets	`AdjustmentForAmortization`	$54.00K	USD	3 Qtrs
Amortization of purchased intangible assets	`AdjustmentForAmortization`	$54.00K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$5.90M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$18.95M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$20.41M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$6.71M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-2.69M	USD	3 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$-353.00K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-1.54M	USD	3 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$22.00K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$76.00K	USD	3 Qtrs
Interest expense, net	`InterestExpense`	$87.00K	USD	3 Qtrs
Interest expense, net	`InterestExpense`	$29.00K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$26.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-13.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-50.00K	USD	3 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-7.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$17.00K	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-389.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-17.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-2.81M	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.61M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$41.00K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$10.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$50.00K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$24.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-399.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.66M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-41.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.86M	USD	3 Qtrs
Net loss per share (basic and diluted) (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per share (basic and diluted) (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.27	USD	3 Qtrs
Net loss per share (basic and diluted) (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.16	USD	3 Qtrs
Net loss per share (basic and diluted) (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	1 Quarter
Weighted-average shares (basic and diluted) (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10.41M	shares	3 Qtrs
Weighted-average shares (basic and diluted) (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10.59M	shares	1 Quarter
Weighted-average shares (basic and diluted) (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10.58M	shares	3 Qtrs
Weighted-average shares (basic and diluted) (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10.46M	shares	1 Quarter
Net revenue from related parties	`RevenueFromRelatedParties`	$647.00K	USD	3 Qtrs
Net revenue from related parties	`RevenueFromRelatedParties`	$194.00K	USD	1 Quarter
Net revenue from related parties	`RevenueFromRelatedParties`	$649.00K	USD	3 Qtrs
Net revenue from related parties	`RevenueFromRelatedParties`	$238.00K	USD	1 Quarter

Cash Flow Statement 63 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-399.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.66M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-41.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.86M	USD	3 Qtrs
Share-based compensation	`ShareBasedCompensation`	$543.00K	USD	3 Qtrs
Share-based compensation	`ShareBasedCompensation`	$1.35M	USD	3 Qtrs
Depreciation	`Depreciation`	$773.00K	USD	3 Qtrs
Depreciation	`Depreciation`	$683.00K	USD	3 Qtrs
Provision for excess and obsolete inventories	`InventoryWriteDown`	$181.00K	USD	3 Qtrs
Provision for excess and obsolete inventories	`InventoryWriteDown`	$539.00K	USD	3 Qtrs
Amortization of purchased intangible assets	`AmortizationOfIntangibleAssets`	$67.00K	USD	3 Qtrs
Amortization of purchased intangible assets	`AmortizationOfIntangibleAssets`	$54.00K	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$15.00K	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$39.00K	USD	3 Qtrs
Restructuring charges	`IncreaseDecreaseInRestructuringReserve`	$286.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.16M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$194.00K	USD	3 Qtrs
Contract manufacturers' receivable	`IncreaseDecreaseInContractReceivablesNet`	$105.00K	USD	3 Qtrs
Contract manufacturers' receivable	`IncreaseDecreaseInContractReceivablesNet`	$-207.00K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$1.87M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-2.70M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-128.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-89.00K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-31.00K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$92.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-3.93M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.74M	USD	3 Qtrs
Accrued payroll and related expenses	`IncreaseDecreaseInAccruedSalaries`	$276.00K	USD	3 Qtrs
Accrued payroll and related expenses	`IncreaseDecreaseInAccruedSalaries`	$-202.00K	USD	3 Qtrs
Warranty reserve	`ProductWarrantyAccrualPeriodIncreaseDecrease`	$-41.00K	USD	3 Qtrs
Warranty reserve	`ProductWarrantyAccrualPeriodIncreaseDecrease`	$28.00K	USD	3 Qtrs
Restructuring accrual	`RestructuringReservePeriodIncreaseDecrease`	$-246.00K	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-62.00K	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-391.00K	USD	3 Qtrs
Cash received related to tenant incentives	`PaymentsForProceedsFromTenantAllowance`	$32.00K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.92M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.92M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$446.00K	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$292.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-292.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-446.00K	USD	3 Qtrs
Proceeds from term loan	`ProceedsFromBankDebt`	$2.00M	USD	3 Qtrs
Payment of term loan	`RepaymentsOfBankDebt`	$500.00K	USD	3 Qtrs
Payment of term loan	`RepaymentsOfBankDebt`	$1.11M	USD	3 Qtrs
Minimum tax withholding paid on behalf of employees for restricted shares	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$30.00K	USD	3 Qtrs
Minimum tax withholding paid on behalf of employees for restricted shares	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$131.00K	USD	3 Qtrs
Payment of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$125.00K	USD	3 Qtrs
Payment of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$271.00K	USD	3 Qtrs
Net proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$18.00K	USD	3 Qtrs
Net proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$76.00K	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$564.00K	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-637.00K	USD	3 Qtrs
Effect of foreign exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$53.00K	USD	3 Qtrs
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.00M	USD	3 Qtrs
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.59M	USD	3 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`	$8.48M	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`	$1.83M	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`	$8.48M	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`	$1.83M	USD	Point-in-time

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