10-Q Filing

LANTRONIX INC CIK: 1114925 Q3 2015

Filing Information

Form Type	10-Q
Accession Number	`0001019687-15-001706`
Period End Date	20150331
Filing Date	20150430
Fiscal Year	2015
Fiscal Period	Q3
XBRL Instance	ltrx-20150331.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`	$5.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.24M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.88M	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`	$359.00K	USD	Point-in-time
Contract manufacturers' receivable	`NontradeReceivables`	$486.00K	USD	Point-in-time
Inventories, net	`InventoryNet`	$8.74M	USD	Point-in-time
Inventories, net	`InventoryNet`	$8.40M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$493.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$524.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$19.18M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$17.95M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.49M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.31M	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`	$95.00K	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`	$29.24M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.03M	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`	$1.68M	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`	$111.00K	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`	$3.61M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$3.42M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.38M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.83M	USD	Point-in-time
Long-term capital lease obligations	`CapitalLeaseObligationsNoncurrent`	$8.00K	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`	$93.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$10.52M	USD	Point-in-time
Total liabilities	`Liabilities`	$9.93M	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`	$205.89M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$205.01M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-185.22M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-186.95M	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`	$19.31M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$30.68M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$29.24M	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net revenue	`SalesRevenueNet`	$11.59M	USD	1 Quarter
Net revenue	`SalesRevenueNet`	$33.44M	USD	3 Qtrs
Net revenue	`SalesRevenueNet`	$32.72M	USD	3 Qtrs
Net revenue	`SalesRevenueNet`	$10.44M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$17.24M	USD	3 Qtrs
Cost of revenue	`CostOfRevenue`	$16.72M	USD	3 Qtrs
Cost of revenue	`CostOfRevenue`	$5.69M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$5.74M	USD	1 Quarter
Gross profit	`GrossProfit`	$4.71M	USD	1 Quarter
Gross profit	`GrossProfit`	$16.73M	USD	3 Qtrs
Gross profit	`GrossProfit`	$5.90M	USD	1 Quarter
Gross profit	`GrossProfit`	$15.48M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$4.25M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$12.26M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$11.98M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.91M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$5.14M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$5.08M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.62M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.76M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$5.53M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$17.13M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$17.34M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$6.00M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.65M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-824.00K	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`	$4.00K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$12.00K	USD	3 Qtrs
Interest expense, net	`InterestExpense`	$22.00K	USD	3 Qtrs
Interest expense, net	`InterestExpense`	$6.00K	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-2.00K	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-25.00K	USD	3 Qtrs
Other expense, net	`OtherNonoperatingIncomeExpense`	$-5.00K	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-30.00K	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-114.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.69M	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-665.00K	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-833.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$16.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$55.00K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$48.00K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$6.00K	USD	1 Quarter
Net loss and comprehensive loss	`NetIncomeLoss`	$-1.73M	USD	3 Qtrs
Net loss and comprehensive loss	`NetIncomeLoss`	$-720.00K	USD	3 Qtrs
Net loss and comprehensive loss	`NetIncomeLoss`	$-130.00K	USD	1 Quarter
Net loss and comprehensive loss	`NetIncomeLoss`	$-839.00K	USD	1 Quarter
Net loss per share (basic and diluted)	`EarningsPerShareBasicAndDiluted`	$-0.06	USD	1 Quarter
Net loss per share (basic and diluted)	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Net loss per share (basic and diluted)	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	3 Qtrs
Net loss per share (basic and diluted)	`EarningsPerShareBasicAndDiluted`	$-0.12	USD	3 Qtrs
Weighted-average common shares (basic and diluted)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	14.87M	shares	3 Qtrs
Weighted-average common shares (basic and diluted)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	14.63M	shares	3 Qtrs
Weighted-average common shares (basic and diluted)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	14.94M	shares	1 Quarter
Weighted-average common shares (basic and diluted)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	14.69M	shares	1 Quarter
Net revenue from related parties	`RevenueFromRelatedParties`	$79.00K	USD	1 Quarter
Net revenue from related parties	`RevenueFromRelatedParties`	$452.00K	USD	3 Qtrs
Net revenue from related parties	`RevenueFromRelatedParties`	$28.00K	USD	1 Quarter
Net revenue from related parties	`RevenueFromRelatedParties`	$219.00K	USD	3 Qtrs

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.73M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-720.00K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-130.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-839.00K	USD	1 Quarter
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$770.00K	USD	3 Qtrs
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$250.00K	USD	1 Quarter
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$662.00K	USD	3 Qtrs
Share-based compensation	`AllocatedShareBasedCompensationExpense`	$209.00K	USD	1 Quarter
Depreciation	`Depreciation`	$693.00K	USD	3 Qtrs
Depreciation	`Depreciation`	$680.00K	USD	3 Qtrs
Provision for excess and obsolete inventories	`InventoryWriteDown`	$262.00K	USD	3 Qtrs
Provision for excess and obsolete inventories	`InventoryWriteDown`	$111.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.29M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.00M	USD	3 Qtrs
Contract manufacturers' receivable	`IncreaseDecreaseNontradeReceivables`	$-41.00K	USD	3 Qtrs
Contract manufacturers' receivable	`IncreaseDecreaseNontradeReceivables`	$127.00K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$598.00K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-1.03M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-31.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$39.00K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-17.00K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$30.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-514.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.18M	USD	3 Qtrs
Accrued payroll and related expenses	`IncreaseDecreaseInAccruedSalaries`	$356.00K	USD	3 Qtrs
Accrued payroll and related expenses	`IncreaseDecreaseInAccruedSalaries`	$-187.00K	USD	3 Qtrs
Warranty reserve	`ProductWarrantyAccrualPeriodIncreaseDecrease`	$-36.00K	USD	3 Qtrs
Warranty reserve	`ProductWarrantyAccrualPeriodIncreaseDecrease`	$-39.00K	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-862.00K	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$179.00K	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-259.00K	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$1.10M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$417.00K	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$474.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-474.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-417.00K	USD	3 Qtrs
Payment of term loan	`RepaymentsOfBankDebt`	$167.00K	USD	3 Qtrs
Payment of term loan	`RepaymentsOfBankDebt`	-	USD	3 Qtrs
Net proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$154.00K	USD	3 Qtrs
Net proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$158.00K	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`	$53.00K	USD	3 Qtrs
Payment of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$35.00K	USD	3 Qtrs
Payment of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$38.00K	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-48.00K	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$67.00K	USD	3 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$634.00K	USD	3 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-666.00K	USD	3 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`	$5.60M	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`	$5.88M	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`	$5.60M	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`	$5.88M	USD	Point-in-time

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