10-Q Filing

LANTRONIX INC CIK: 1114925 Q2 2015

Filing Information

Form Type	10-Q
Accession Number	`0001019687-15-000371`
Period End Date	20141231
Filing Date	20150130
Fiscal Year	2015
Fiscal Period	Q2
XBRL Instance	ltrx-20141231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 57 Income Statement 60 Cash Flow Statement 56

Balance Sheet 57 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.26M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.10M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.24M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.41M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.63M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$3.63M	USD	Point-in-time
Contract manufacturers' receivable	`NontradeReceivables`	$393.00K	USD	Point-in-time
Contract manufacturers' receivable	`NontradeReceivables`	$359.00K	USD	Point-in-time
Inventories, net	`InventoryNet`	$9.30M	USD	Point-in-time
Inventories, net	`InventoryNet`	$8.40M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$524.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$595.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$18.32M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$19.18M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.49M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.43M	USD	Point-in-time
Goodwill	`Goodwill`	$9.49M	USD	Point-in-time
Goodwill	`Goodwill`	$9.49M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$400.00K	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$400.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$99.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$125.00K	USD	Point-in-time
Total assets	`Assets`	$30.68M	USD	Point-in-time
Total assets	`Assets`	$29.74M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.55M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.26M	USD	Point-in-time
Accrued payroll and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$1.69M	USD	Point-in-time
Accrued payroll and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$1.86M	USD	Point-in-time
Warranty reserve	`ProductWarrantyAccrualClassifiedCurrent`	$111.00K	USD	Point-in-time
Warranty reserve	`ProductWarrantyAccrualClassifiedCurrent`	$150.00K	USD	Point-in-time
Warranty reserve	`ProductWarrantyAccrualClassifiedCurrent`	$193.00K	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$400.00K	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$400.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$3.30M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$3.42M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.77M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.38M	USD	Point-in-time
Long-term capital lease obligations	`CapitalLeaseObligationsNoncurrent`	-	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`	$75.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$9.85M	USD	Point-in-time
Total liabilities	`Liabilities`	$10.52M	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`	$205.01M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$205.64M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-186.11M	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`	$19.90M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$20.17M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$29.74M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$30.68M	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net revenue	`SalesRevenueNet`	$22.27M	USD	2 Qtrs
Net revenue	`SalesRevenueNet`	$10.97M	USD	1 Quarter
Net revenue	`SalesRevenueNet`	$21.85M	USD	2 Qtrs
Net revenue	`SalesRevenueNet`	$10.73M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$5.57M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$11.02M	USD	2 Qtrs
Cost of revenue	`CostOfRevenue`	$11.50M	USD	2 Qtrs
Cost of revenue	`CostOfRevenue`	$5.53M	USD	1 Quarter
Gross profit	`GrossProfit`	$5.44M	USD	1 Quarter
Gross profit	`GrossProfit`	$10.77M	USD	2 Qtrs
Gross profit	`GrossProfit`	$10.83M	USD	2 Qtrs
Gross profit	`GrossProfit`	$5.17M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.99M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$8.01M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$8.07M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$4.06M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.78M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$3.53M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$3.32M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.64M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$11.59M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$5.71M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$5.77M	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`	$-604.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-824.00K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-507.00K	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$7.00K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$3.00K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$8.00K	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$16.00K	USD	2 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-22.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-28.00K	USD	2 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-20.00K	USD	2 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$1.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-551.00K	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-852.00K	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-606.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-297.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$26.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$26.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$42.00K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$39.00K	USD	2 Qtrs
Net loss and comprehensive loss	`NetIncomeLoss`	$-632.00K	USD	1 Quarter
Net loss and comprehensive loss	`NetIncomeLoss`	$-590.00K	USD	2 Qtrs
Net loss and comprehensive loss	`NetIncomeLoss`	$-894.00K	USD	2 Qtrs
Net loss and comprehensive loss	`NetIncomeLoss`	$-323.00K	USD	1 Quarter
Net loss per share (basic and diluted)	`EarningsPerShareBasicAndDiluted`	$-0.04	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 common shares (basic and diluted)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	14.60M	shares	2 Qtrs
Weighted-average common shares (basic and diluted)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	14.62M	shares	1 Quarter
Weighted-average common shares (basic and diluted)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	14.83M	shares	2 Qtrs
Weighted-average common shares (basic and diluted)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	14.87M	shares	1 Quarter
Net revenue from related parties	`RevenueFromRelatedParties`	$191.00K	USD	2 Qtrs
Net revenue from related parties	`RevenueFromRelatedParties`	$180.00K	USD	1 Quarter
Net revenue from related parties	`RevenueFromRelatedParties`	$373.00K	USD	2 Qtrs
Net revenue from related parties	`RevenueFromRelatedParties`	$112.00K	USD	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-632.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-590.00K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-894.00K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-323.00K	USD	1 Quarter
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$222.00K	USD	1 Quarter
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$265.00K	USD	1 Quarter
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$453.00K	USD	2 Qtrs
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$520.00K	USD	2 Qtrs
Depreciation	`Depreciation`	$465.00K	USD	2 Qtrs
Depreciation	`Depreciation`	$463.00K	USD	2 Qtrs
Provision for excess and obsolete inventories	`InventoryWriteDown`	$159.00K	USD	2 Qtrs
Provision for excess and obsolete inventories	`InventoryWriteDown`	$52.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$150.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-997.00K	USD	2 Qtrs
Contract manufacturers' receivable	`IncreaseDecreaseNontradeReceivables`	$34.00K	USD	2 Qtrs
Contract manufacturers' receivable	`IncreaseDecreaseNontradeReceivables`	$-183.00K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-447.00K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$944.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$114.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$72.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-20.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$12.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$900.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-319.00K	USD	2 Qtrs
Accrued payroll and related expenses	`IncreaseDecreaseInAccruedSalaries`	$-169.00K	USD	2 Qtrs
Accrued payroll and related expenses	`IncreaseDecreaseInAccruedSalaries`	$189.00K	USD	2 Qtrs
Warranty reserve	`ProductWarrantyAccrualPeriodIncreaseDecrease`	$-39.00K	USD	2 Qtrs
Warranty reserve	`ProductWarrantyAccrualPeriodIncreaseDecrease`	$-17.00K	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-692.00K	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-155.00K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$1.22M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-574.00K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$277.00K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$363.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-363.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-277.00K	USD	2 Qtrs
Payment of term loan	`RepaymentsOfBankDebt`	$167.00K	USD	2 Qtrs
Payment of term loan	`RepaymentsOfBankDebt`	-	USD	2 Qtrs
Net proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$101.00K	USD	2 Qtrs
Net proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$158.00K	USD	2 Qtrs
Minimum tax withholding paid on behalf of employees for restricted shares	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$53.00K	USD	2 Qtrs
Minimum tax withholding paid on behalf of employees for restricted shares	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	-	USD	2 Qtrs
Payment of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$25.00K	USD	2 Qtrs
Payment of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$23.00K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$80.00K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-89.00K	USD	2 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$855.00K	USD	2 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-857.00K	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.26M	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`	$5.24M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.41M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.26M	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`	$5.24M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.41M	USD	Point-in-time

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