10-Q Filing

LANTRONIX INC CIK: 1114925 Q3 2014

Filing Information

Form Type	10-Q
Accession Number	`0001019687-14-001618`
Period End Date	20140331
Filing Date	20140501
Fiscal Year	2014
Fiscal Period	Q3
XBRL Instance	ltrx-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 59 Income Statement 60 Cash Flow Statement 56

Balance Sheet 59 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.88M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.15M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.24M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.37M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.60M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$3.89M	USD	Point-in-time
Contract manufacturers' receivable	`NontradeReceivables`	$607.00K	USD	Point-in-time
Contract manufacturers' receivable	`NontradeReceivables`	$566.00K	USD	Point-in-time
Inventories, net	`InventoryNet`	$7.60M	USD	Point-in-time
Inventories, net	`InventoryNet`	$8.74M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$431.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$470.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$17.62M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$18.40M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.69M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.41M	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`	$87.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$117.00K	USD	Point-in-time
Total assets	`Assets`	$29.89M	USD	Point-in-time
Total assets	`Assets`	$29.36M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.87M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.05M	USD	Point-in-time
Accrued payroll and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$1.87M	USD	Point-in-time
Accrued payroll and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$1.52M	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`	$157.00K	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$167.00K	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	-	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`	$3.88M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$3.10M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.10M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.66M	USD	Point-in-time
Long-term capital lease obligations	`CapitalLeaseObligationsNoncurrent`	$17.00K	USD	Point-in-time
Long-term capital lease obligations	`CapitalLeaseObligationsNoncurrent`	$54.00K	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$249.00K	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$161.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$9.84M	USD	Point-in-time
Total liabilities	`Liabilities`	$9.40M	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`	$203.87M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$204.69M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-184.29M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-185.01M	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`	$20.05M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$19.96M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$29.89M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$29.36M	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net revenue	`SalesRevenueNet`	$12.16M	USD	1 Quarter
Net revenue	`SalesRevenueNet`	$33.44M	USD	3 Qtrs
Net revenue	`SalesRevenueNet`	$11.59M	USD	1 Quarter
Net revenue	`SalesRevenueNet`	$35.53M	USD	3 Qtrs
Cost of revenue	`CostOfRevenue`	$16.72M	USD	3 Qtrs
Cost of revenue	`CostOfRevenue`	$18.41M	USD	3 Qtrs
Cost of revenue	`CostOfRevenue`	$6.55M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$5.69M	USD	1 Quarter
Gross profit	`GrossProfit`	$17.12M	USD	3 Qtrs
Gross profit	`GrossProfit`	$5.62M	USD	1 Quarter
Gross profit	`GrossProfit`	$16.73M	USD	3 Qtrs
Gross profit	`GrossProfit`	$5.90M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$13.67M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$12.26M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$4.68M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$4.25M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$4.99M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$5.08M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.76M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.72M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$6.40M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$17.34M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$6.00M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$18.66M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-1.54M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-785.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-106.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-613.00K	USD	3 Qtrs
Interest expense, net	`InterestExpense`	$45.00K	USD	3 Qtrs
Interest expense, net	`InterestExpense`	$6.00K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$14.00K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$22.00K	USD	3 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-30.00K	USD	3 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$10.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-8.00K	USD	3 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-2.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-114.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.59M	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-789.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-665.00K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$55.00K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$12.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$48.00K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$16.00K	USD	1 Quarter
Net loss and comprehensive loss	`NetIncomeLoss`	$-130.00K	USD	1 Quarter
Net loss and comprehensive loss	`NetIncomeLoss`	$-801.00K	USD	1 Quarter
Net loss and comprehensive loss	`NetIncomeLoss`	$-1.64M	USD	3 Qtrs
Net loss and comprehensive loss	`NetIncomeLoss`	$-720.00K	USD	3 Qtrs
Net loss per share (basic and diluted)	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Net loss per share (basic and diluted)	`EarningsPerShareBasicAndDiluted`	$-0.11	USD	3 Qtrs
Net loss per share (basic and diluted)	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	1 Quarter
Net loss per share (basic and diluted)	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	3 Qtrs
Weighted-average common shares (basic and diluted)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	14,580.00	shares	1 Quarter
Weighted-average common shares (basic and diluted)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	14,686.00	shares	1 Quarter
Weighted-average common shares (basic and diluted)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	14,629.00	shares	3 Qtrs
Weighted-average common shares (basic and diluted)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	14,572.00	shares	3 Qtrs
Net revenue from related parties	`RevenueFromRelatedParties`	$221.00K	USD	1 Quarter
Net revenue from related parties	`RevenueFromRelatedParties`	$894.00K	USD	3 Qtrs
Net revenue from related parties	`RevenueFromRelatedParties`	$452.00K	USD	3 Qtrs
Net revenue from related parties	`RevenueFromRelatedParties`	$79.00K	USD	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-130.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-801.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.64M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-720.00K	USD	3 Qtrs
Share-based compensation	`ShareBasedCompensation`	$662.00K	USD	3 Qtrs
Share-based compensation	`ShareBasedCompensation`	$640.00K	USD	3 Qtrs
Depreciation	`Depreciation`	$693.00K	USD	3 Qtrs
Depreciation	`Depreciation`	$629.00K	USD	3 Qtrs
Provision for excess and obsolete inventories	`InventoryWriteDown`	$111.00K	USD	3 Qtrs
Provision for excess and obsolete inventories	`InventoryWriteDown`	$163.00K	USD	3 Qtrs
Gain on reversal of foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax`	-	USD	3 Qtrs
Gain on reversal of foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax`	$-28.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-134.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.29M	USD	3 Qtrs
Contract manufacturers' receivable	`IncreaseDecreaseNontradeReceivables`	$93.00K	USD	3 Qtrs
Contract manufacturers' receivable	`IncreaseDecreaseNontradeReceivables`	$41.00K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-3.38M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$1.03M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-39.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$112.00K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$6.00K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-30.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.18M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$592.00K	USD	3 Qtrs
Accrued payroll and related expenses	`IncreaseDecreaseInAccruedSalaries`	$356.00K	USD	3 Qtrs
Accrued payroll and related expenses	`IncreaseDecreaseInAccruedSalaries`	$-520.00K	USD	3 Qtrs
Warranty reserve	`ProductWarrantyAccrualPeriodIncreaseDecrease`	$-6.00K	USD	3 Qtrs
Warranty reserve	`ProductWarrantyAccrualPeriodIncreaseDecrease`	$-36.00K	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$365.00K	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-862.00K	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.12M	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.10M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$417.00K	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$507.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-507.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-417.00K	USD	3 Qtrs
Payment of term loan	`RepaymentsOfBankDebt`	$167.00K	USD	3 Qtrs
Payment of term loan	`RepaymentsOfBankDebt`	$501.00K	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$154.00K	USD	3 Qtrs
Minimum tax withholding paid on behalf of employees for restricted shares	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	-	USD	3 Qtrs
Minimum tax withholding paid on behalf of employees for restricted shares	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$26.00K	USD	3 Qtrs
Payment of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$70.00K	USD	3 Qtrs
Payment of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$35.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-597.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-48.00K	USD	3 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$634.00K	USD	3 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.22M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.88M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.15M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.24M	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`	$5.88M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$7.15M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.24M	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.