10-Q Filing

LANTRONIX INC CIK: 1114925 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001019687-12-003832`
Period End Date	20120930
Filing Date	20121101
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	ltrx-20120930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 63 Income Statement 32 Cash Flow Statement 54

Balance Sheet 63 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.04M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.84M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.53M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.37M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.24M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.67M	USD	Point-in-time
Contract manufacturers' receivable	`NontradeReceivables`	$622.00K	USD	Point-in-time
Contract manufacturers' receivable	`NontradeReceivables`	$656.00K	USD	Point-in-time
Inventories, net	`InventoryNet`	$5.96M	USD	Point-in-time
Inventories, net	`InventoryNet`	$7.65M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$718.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$549.00K	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$657.00K	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$657.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$22.44M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$21.83M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.60M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.53M	USD	Point-in-time
Goodwill	`Goodwill`	$9.49M	USD	Point-in-time
Goodwill	`Goodwill`	$9.49M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$87.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$86.00K	USD	Point-in-time
Total assets	`Assets`	$33.01M	USD	Point-in-time
Total assets	`Assets`	$33.55M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.56M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.81M	USD	Point-in-time
Accrued payroll and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$1.41M	USD	Point-in-time
Accrued payroll and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$2.10M	USD	Point-in-time
Warranty reserve	`ProductWarrantyAccrualClassifiedCurrent`	$268.00K	USD	Point-in-time
Warranty reserve	`ProductWarrantyAccrualClassifiedCurrent`	$232.00K	USD	Point-in-time
Warranty reserve	`ProductWarrantyAccrualClassifiedCurrent`	$209.00K	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`	$3.75M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$3.34M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.84M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.90M	USD	Point-in-time
Long-term liabilities	`OtherLiabilitiesNoncurrent`	$303.00K	USD	Point-in-time
Long-term liabilities	`OtherLiabilitiesNoncurrent`	$302.00K	USD	Point-in-time
Long-term capital lease obligations	`CapitalLeaseObligationsNoncurrent`	$41.00K	USD	Point-in-time
Long-term capital lease obligations	`CapitalLeaseObligationsNoncurrent`	$48.00K	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$167.00K	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	-	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$657.00K	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$657.00K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$1.00M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$1.18M	USD	Point-in-time
Total liabilities	`Liabilities`	$11.08M	USD	Point-in-time
Total liabilities	`Liabilities`	$11.84M	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`	$203.25M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$203.05M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-181.95M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-181.52M	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`	$21.71M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$21.93M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$33.01M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$33.55M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net revenue	`SalesRevenueNet`	$11.20M	USD	1 Quarter
Net revenue	`SalesRevenueNet`	$11.18M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$5.73M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$5.88M	USD	1 Quarter
Gross profit	`GrossProfit`	$5.30M	USD	1 Quarter
Gross profit	`GrossProfit`	$5.47M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$4.27M	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`	$1.61M	USD	1 Quarter
Amortization of purchased intangible assets	`AdjustmentForAmortization`	$18.00K	USD	1 Quarter
Amortization of purchased intangible assets	`AdjustmentForAmortization`	-	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$6.68M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$5.88M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.38M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-405.00K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$15.00K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$27.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$5.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-29.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-415.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.43M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$15.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$13.00K	USD	1 Quarter
Net loss and comprehensive loss	`NetIncomeLoss`	$-430.00K	USD	1 Quarter
Net loss and comprehensive loss	`NetIncomeLoss`	$-1.44M	USD	1 Quarter
Net loss per share (basic and diluted)	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
Net loss per share (basic and diluted)	`EarningsPerShareBasicAndDiluted`	$-0.14	USD	1 Quarter
Weighted-average shares (basic and diluted)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10,560.00	shares	1 Quarter
Weighted-average shares (basic and diluted)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	14,558.00	shares	1 Quarter
Net revenue from related parties	`RevenueFromRelatedParties`	$237.00K	USD	1 Quarter
Net revenue from related parties	`RevenueFromRelatedParties`	$292.00K	USD	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-430.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.44M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$160.00K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$231.00K	USD	1 Quarter
Depreciation	`Depreciation`	$218.00K	USD	1 Quarter
Depreciation	`Depreciation`	$234.00K	USD	1 Quarter
Provision for excess and obsolete inventories	`InventoryWriteDown`	$-3.00K	USD	1 Quarter
Provision for excess and obsolete inventories	`InventoryWriteDown`	$1.00K	USD	1 Quarter
Amortization of purchased intangible assets	`AmortizationOfIntangibleAssets`	-	USD	1 Quarter
Amortization of purchased intangible assets	`AmortizationOfIntangibleAssets`	$18.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$437.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$852.00K	USD	1 Quarter
Contract manufacturers' receivable	`IncreaseDecreaseInContractReceivablesNet`	$-34.00K	USD	1 Quarter
Contract manufacturers' receivable	`IncreaseDecreaseInContractReceivablesNet`	$314.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-126.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-1.69M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-169.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$128.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$66.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$1.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.49M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.25M	USD	1 Quarter
Accrued payroll and related expenses	`IncreaseDecreaseInAccruedSalaries`	$300.00K	USD	1 Quarter
Accrued payroll and related expenses	`IncreaseDecreaseInAccruedSalaries`	$-692.00K	USD	1 Quarter
Warranty reserve	`ProductWarrantyAccrualPeriodIncreaseDecrease`	$-9.00K	USD	1 Quarter
Warranty reserve	`ProductWarrantyAccrualPeriodIncreaseDecrease`	$-23.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-370.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$418.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-492.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.36M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$140.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$209.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-140.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-209.00K	USD	1 Quarter
Payment of term loan	`RepaymentsOfBankDebt`	$167.00K	USD	1 Quarter
Payment of term loan	`RepaymentsOfBankDebt`	$167.00K	USD	1 Quarter
Minimum tax withholding paid on behalf of employees for restricted shares	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$26.00K	USD	1 Quarter
Minimum tax withholding paid on behalf of employees for restricted shares	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	-	USD	1 Quarter
Payment of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$23.00K	USD	1 Quarter
Payment of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$52.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-216.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-219.00K	USD	1 Quarter
Effect of foreign exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	-	USD	1 Quarter
Effect of foreign exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-10.00K	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-848.00K	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.80M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.04M	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`	$10.53M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$11.37M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.04M	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`	$10.53M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$11.37M	USD	Point-in-time

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