10-Q Filing

LANTRONIX INC CIK: 1114925 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0001019687-14-000333`
Period End Date	20131231
Filing Date	20140131
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	ltrx-20131231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 61 Income Statement 60 Cash Flow Statement 54

Balance Sheet 61 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.45M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.10M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.37M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.24M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.75M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.60M	USD	Point-in-time
Contract manufacturers' receivable	`NontradeReceivables`	$424.00K	USD	Point-in-time
Contract manufacturers' receivable	`NontradeReceivables`	$607.00K	USD	Point-in-time
Inventories, net	`InventoryNet`	$8.74M	USD	Point-in-time
Inventories, net	`InventoryNet`	$8.13M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$545.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$431.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$17.95M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$17.62M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.50M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.69M	USD	Point-in-time
Goodwill	`Goodwill`	$9.49M	USD	Point-in-time
Goodwill	`Goodwill`	$9.49M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$476.00K	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$476.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$99.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$87.00K	USD	Point-in-time
Total assets	`Assets`	$29.51M	USD	Point-in-time
Total assets	`Assets`	$29.36M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.77M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.87M	USD	Point-in-time
Accrued payroll and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$1.52M	USD	Point-in-time
Accrued payroll and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$1.71M	USD	Point-in-time
Warranty reserve	`ProductWarrantyAccrualClassifiedCurrent`	$232.00K	USD	Point-in-time
Warranty reserve	`ProductWarrantyAccrualClassifiedCurrent`	$193.00K	USD	Point-in-time
Warranty reserve	`ProductWarrantyAccrualClassifiedCurrent`	$176.00K	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	-	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$167.00K	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesCurrent`	$476.00K	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesCurrent`	$476.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$3.24M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$3.88M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.10M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.36M	USD	Point-in-time
Long-term capital lease obligations	`CapitalLeaseObligationsNoncurrent`	$29.00K	USD	Point-in-time
Long-term capital lease obligations	`CapitalLeaseObligationsNoncurrent`	$54.00K	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$199.00K	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$249.00K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$303.00K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$228.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$9.40M	USD	Point-in-time
Total liabilities	`Liabilities`	$9.59M	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`	$204.43M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$203.87M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-184.88M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-184.29M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$371.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$371.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$19.96M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$19.92M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$29.36M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$29.51M	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net revenue	`SalesRevenueNet`	$23.36M	USD	2 Qtrs
Net revenue	`SalesRevenueNet`	$21.85M	USD	2 Qtrs
Net revenue	`SalesRevenueNet`	$10.97M	USD	1 Quarter
Net revenue	`SalesRevenueNet`	$12.16M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$6.13M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$5.53M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$11.02M	USD	2 Qtrs
Cost of revenue	`CostOfRevenue`	$11.86M	USD	2 Qtrs
Gross profit	`GrossProfit`	$6.03M	USD	1 Quarter
Gross profit	`GrossProfit`	$5.44M	USD	1 Quarter
Gross profit	`GrossProfit`	$11.50M	USD	2 Qtrs
Gross profit	`GrossProfit`	$10.83M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$4.06M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$8.01M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$8.99M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$4.72M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$3.27M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.64M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$3.32M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.67M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$12.26M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$6.38M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$5.71M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$11.33M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-268.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-352.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-757.00K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-507.00K	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$31.00K	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$7.00K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$16.00K	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$16.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-18.00K	USD	2 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-28.00K	USD	2 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-23.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-22.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-551.00K	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-806.00K	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-391.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-297.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$39.00K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$36.00K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$26.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$21.00K	USD	1 Quarter
Net loss and comprehensive loss	`NetIncomeLoss`	$-590.00K	USD	2 Qtrs
Net loss and comprehensive loss	`NetIncomeLoss`	$-323.00K	USD	1 Quarter
Net loss and comprehensive loss	`NetIncomeLoss`	$-842.00K	USD	2 Qtrs
Net loss and comprehensive loss	`NetIncomeLoss`	$-412.00K	USD	1 Quarter
Net loss per share (basic and diluted)	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
Net loss per share (basic and diluted)	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	2 Qtrs
Net loss per share (basic and diluted)	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Net loss per share (basic and diluted)	`EarningsPerShareBasicAndDiluted`	$-0.06	USD	2 Qtrs
Weighted-average shares (basic and diluted)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	14,621.00	shares	1 Quarter
Weighted-average shares (basic and diluted)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	14,568.00	shares	2 Qtrs
Weighted-average shares (basic and diluted)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	14,578.00	shares	1 Quarter
Weighted-average shares (basic and diluted)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	14,600.00	shares	2 Qtrs
Net revenue from related parties	`RevenueFromRelatedParties`	$381.00K	USD	1 Quarter
Net revenue from related parties	`RevenueFromRelatedParties`	$673.00K	USD	2 Qtrs
Net revenue from related parties	`RevenueFromRelatedParties`	$373.00K	USD	2 Qtrs
Net revenue from related parties	`RevenueFromRelatedParties`	$180.00K	USD	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-590.00K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-323.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-842.00K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-412.00K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$437.00K	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$453.00K	USD	2 Qtrs
Depreciation	`Depreciation`	$465.00K	USD	2 Qtrs
Depreciation	`Depreciation`	$436.00K	USD	2 Qtrs
Provision for excess and obsolete inventories	`InventoryWriteDown`	$159.00K	USD	2 Qtrs
Provision for excess and obsolete inventories	`InventoryWriteDown`	$38.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$326.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-150.00K	USD	2 Qtrs
Contract manufacturers' receivable	`IncreaseDecreaseNontradeReceivables`	$183.00K	USD	2 Qtrs
Contract manufacturers' receivable	`IncreaseDecreaseNontradeReceivables`	$-82.00K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$447.00K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-3.78M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-49.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-114.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-12.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$8.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.56M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$900.00K	USD	2 Qtrs
Accrued payroll and related expenses	`IncreaseDecreaseInAccruedSalaries`	$-634.00K	USD	2 Qtrs
Accrued payroll and related expenses	`IncreaseDecreaseInAccruedSalaries`	$189.00K	USD	2 Qtrs
Warranty reserve	`ProductWarrantyAccrualPeriodIncreaseDecrease`	$-17.00K	USD	2 Qtrs
Warranty reserve	`ProductWarrantyAccrualPeriodIncreaseDecrease`	$-10.00K	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-692.00K	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$257.00K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.33M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.22M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$189.00K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$277.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-189.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-277.00K	USD	2 Qtrs
Payment of term loan	`RepaymentsOfBankDebt`	$167.00K	USD	2 Qtrs
Payment of term loan	`RepaymentsOfBankDebt`	$334.00K	USD	2 Qtrs
Proceeds from issuance of common stock under employees stock purchase plan	`ProceedsFromIssuanceOfCommonStock`	$101.00K	USD	2 Qtrs
Proceeds from issuance of common stock under employees stock purchase plan	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Minimum tax withholding paid on behalf of employees for restricted shares	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$26.00K	USD	2 Qtrs
Minimum tax withholding paid on behalf of employees for restricted shares	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	-	USD	2 Qtrs
Payment of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$23.00K	USD	2 Qtrs
Payment of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$44.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-89.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-404.00K	USD	2 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.92M	USD	2 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$855.00K	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.45M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.10M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$11.37M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.24M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$8.45M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.10M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$11.37M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.24M	USD	Point-in-time

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