10-K Filing

LANTRONIX INC CIK: 1114925 FY 2014

Filing Information

Form Type	10-K
Accession Number	`0001019687-14-003348`
Period End Date	20140630
Filing Date	20140822
Fiscal Year	2014
Fiscal Period	FY
XBRL Instance	ltrx-20140630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 79 Income Statement 30 Cash Flow Statement 58 Stockholders Equity 13

Balance Sheet 79 line items

Line Item	Tag	Value	Unit	Period
Allowance for Receivables	`AllowanceForDoubtfulAccountsReceivableCurrent`	$107.00K	USD	Point-in-time
Allowance for Receivables	`AllowanceForDoubtfulAccountsReceivableCurrent`	$34.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.24M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.26M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.37M	USD	Point-in-time
Preferred Stock par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable (net of allowance for doubtful accounts of $34 and $107 at June 30, 2014 and 2013, respectively)	`AccountsReceivableNetCurrent`	$2.60M	USD	Point-in-time
Preferred Stock par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable (net of allowance for doubtful accounts of $34 and $107 at June 30, 2014 and 2013, respectively)	`AccountsReceivableNetCurrent`	$3.63M	USD	Point-in-time
Inventories, net	`InventoryNet`	$8.74M	USD	Point-in-time
Inventories, net	`InventoryNet`	$8.40M	USD	Point-in-time
Preferred Stock Authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred Stock Authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Contract manufacturers' receivable	`NontradeReceivables`	$607.00K	USD	Point-in-time
Preferred Stock Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Contract manufacturers' receivable	`NontradeReceivables`	$359.00K	USD	Point-in-time
Preferred Stock Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred Stock Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred Stock Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$524.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$431.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$19.18M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$17.62M	USD	Point-in-time
Common Stock par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock Authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common Stock Authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.69M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.49M	USD	Point-in-time
Goodwill	`Goodwill`	$9.49M	USD	Point-in-time
Common Stock Issued	`CommonStockSharesIssued`	14.58M	shares	Point-in-time
Goodwill	`Goodwill`	$9.49M	USD	Point-in-time
Common Stock Issued	`CommonStockSharesIssued`	14.79M	shares	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$400.00K	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$476.00K	USD	Point-in-time
Common Stock Outstanding	`CommonStockSharesOutstanding`	14.58M	shares	Point-in-time
Common Stock Outstanding	`CommonStockSharesOutstanding`	14.79M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$87.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$125.00K	USD	Point-in-time
Total assets	`Assets`	$29.36M	USD	Point-in-time
Total assets	`Assets`	$30.68M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.87M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.55M	USD	Point-in-time
Accrued payroll and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$1.86M	USD	Point-in-time
Accrued payroll and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$1.52M	USD	Point-in-time
Warranty reserve	`ProductWarrantyAccrualClassifiedCurrent`	$150.00K	USD	Point-in-time
Warranty reserve	`ProductWarrantyAccrualClassifiedCurrent`	$193.00K	USD	Point-in-time
Warranty reserve	`ProductWarrantyAccrualClassifiedCurrent`	$232.00K	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`	$400.00K	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesCurrent`	$476.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$3.42M	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`	$10.38M	USD	Point-in-time
Long-term capital lease obligations	`CapitalLeaseObligationsNoncurrent`	$54.00K	USD	Point-in-time
Long-term capital lease obligations	`CapitalLeaseObligationsNoncurrent`	$7.00K	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$131.00K	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$249.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$10.52M	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
Preferred stock, $0.0001 par value; 5,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value; 5,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value; 100,000,000 shares authorized; 14,787,158 and 14,579,764 shares issued and outstanding at June 30, 2014 and 2013, respectively	`CommonStockValue`	$1.00K	USD	Point-in-time
Common stock, $0.0001 par value; 100,000,000 shares authorized; 14,787,158 and 14,579,764 shares issued and outstanding at June 30, 2014 and 2013, respectively	`CommonStockValue`	$1.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$203.87M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$205.01M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-184.29M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-185.22M	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`	$20.17M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$19.96M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$21.93M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$29.36M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$30.68M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Net revenue	`SalesRevenueNet`	$44.55M	USD	Annual
Net revenue	`SalesRevenueNet`	$46.66M	USD	Annual
Cost of revenue	`CostOfRevenue`	$22.26M	USD	Annual
Cost of revenue	`CostOfRevenue`	$24.55M	USD	Annual
Gross profit	`GrossProfit`	$22.10M	USD	Annual
Gross profit	`GrossProfit`	$22.29M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$17.99M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$16.36M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$6.75M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$6.75M	USD	Annual
Total operating expenses	`OperatingExpenses`	$24.74M	USD	Annual
Total operating expenses	`OperatingExpenses`	$23.10M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-2.64M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-816.00K	USD	Annual
Interest expense, net	`InterestExpense`	$28.00K	USD	Annual
Interest expense, net	`InterestExpense`	$59.00K	USD	Annual
Other expense, net	`OtherNonoperatingIncomeExpense`	$-18.00K	USD	Annual
Other expense, net	`OtherNonoperatingIncomeExpense`	$-28.00K	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-2.71M	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-872.00K	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$54.00K	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$61.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-933.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-2.77M	USD	Annual
Net loss per share (basic and diluted)	`EarningsPerShareBasicAndDiluted`	$-0.06	USD	Annual
Net loss per share (basic and diluted)	`EarningsPerShareBasicAndDiluted`	$-0.19	USD	Annual
Weighted-average shares (basic and diluted)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	14.66M	shares	Annual
Weighted-average shares (basic and diluted)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	14.57M	shares	Annual
Net revenue from related parties	`RevenueFromRelatedParties`	$524.00K	USD	Annual
Net revenue from related parties	`RevenueFromRelatedParties`	$1.06M	USD	Annual

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-933.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-2.77M	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$869.00K	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$848.00K	USD	Annual
Depreciation	`Depreciation`	$852.00K	USD	Annual
Depreciation	`Depreciation`	$895.00K	USD	Annual
Provision for excess and obsolete inventories	`InventoryWriteDown`	$207.00K	USD	Annual
Provision for excess and obsolete inventories	`InventoryWriteDown`	$283.00K	USD	Annual
Gain on reversal of foreign currency translation	`ForeignCurrencyTransactionGainLossRealized`	-	USD	Annual
Gain on reversal of foreign currency translation	`ForeignCurrencyTransactionGainLossRealized`	$28.00K	USD	Annual
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-2.00K	USD	Annual
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.03M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-75.00K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$3.07M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-130.00K	USD	Annual
Contract manufacturers' receivable	`IncreaseDecreaseNontradeReceivables`	$-15.00K	USD	Annual
Contract manufacturers' receivable	`IncreaseDecreaseNontradeReceivables`	$-248.00K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-118.00K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$93.00K	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$38.00K	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	-	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.57M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-693.00K	USD	Annual
Accrued payroll and related expenses	`IncreaseDecreaseInAccruedSalaries`	$347.00K	USD	Annual
Accrued payroll and related expenses	`IncreaseDecreaseInAccruedSalaries`	$-584.00K	USD	Annual
Warranty reserve	`ProductWarrantyAccrualPeriodIncreaseDecrease`	$-43.00K	USD	Annual
Warranty reserve	`ProductWarrantyAccrualPeriodIncreaseDecrease`	$-39.00K	USD	Annual
Other liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$512.00K	USD	Annual
Other liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-577.00K	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-4.48M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$1.56M	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$866.00K	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$595.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-595.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-866.00K	USD	Annual
Minimum tax withholding paid on behalf of employees for restricted shares	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$26.00K	USD	Annual
Minimum tax withholding paid on behalf of employees for restricted shares	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	-	USD	Annual
Payment of term loan	`RepaymentsOfBankDebt`	$167.00K	USD	Annual
Payment of term loan	`RepaymentsOfBankDebt`	$667.00K	USD	Annual
Net proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$273.00K	USD	Annual
Net proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Payment of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$47.00K	USD	Annual
Payment of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$93.00K	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-786.00K	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$59.00K	USD	Annual
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-6.13M	USD	Annual
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.02M	USD	Annual
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$5.24M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$6.26M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$11.37M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$5.24M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$6.26M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$11.37M	USD	Point-in-time
Interest paid	`InterestPaid`	$29.00K	USD	Annual
Interest paid	`InterestPaid`	$63.00K	USD	Annual
Income taxes paid	`IncomeTaxesPaid`	$59.00K	USD	Annual
Income taxes paid	`IncomeTaxesPaid`	$52.00K	USD	Annual

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, amount	`StockholdersEquity`	$20.17M	USD	Point-in-time
Beginning balance, amount	`StockholdersEquity`	$19.96M	USD	Point-in-time
Beginning balance, amount	`StockholdersEquity`	$21.93M	USD	Point-in-time
Shars issued pursuant to stock awards, net, amount	`StockIssuedDuringPeriodValueShareBasedCompensation`	$273.00K	USD	Annual
Minimum tax withholding paid on behalf of employees for restricted shares	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$-26.00K	USD	Annual
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$848.00K	USD	Annual
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$869.00K	USD	Annual
Reclassification of foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-28.00K	USD	Annual
Net loss and comprehensive loss	`NetIncomeLoss`	$-933.00K	USD	Annual
Net loss and comprehensive loss	`NetIncomeLoss`	$-2.77M	USD	Annual
Ending balance, amount	`StockholdersEquity`	$20.17M	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$19.96M	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$21.93M	USD	Point-in-time

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