10-K Filing

LANTRONIX INC CIK: 1114925 FY 2015

Filing Information

Form Type	10-K
Accession Number	`0001019687-15-003231`
Period End Date	20150630
Filing Date	20150821
Fiscal Year	2015
Fiscal Period	FY
XBRL Instance	ltrx-20150630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 79 Income Statement 30 Cash Flow Statement 60 Stockholders Equity 13

Balance Sheet 79 line items

Line Item	Tag	Value	Unit	Period
Allowance for Receivables	`AllowanceForDoubtfulAccountsReceivableCurrent`	$34.00K	USD	Point-in-time
Allowance for Receivables	`AllowanceForDoubtfulAccountsReceivableCurrent`	$45.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.24M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.99M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.26M	USD	Point-in-time
Accounts receivable (net of allowance for doubtful accounts of $45 and $34 at June 30, 2015 and 2014, respectively)	`AccountsReceivableNetCurrent`	$3.63M	USD	Point-in-time
Preferred Stock par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable (net of allowance for doubtful accounts of $45 and $34 at June 30, 2015 and 2014, respectively)	`AccountsReceivableNetCurrent`	$2.66M	USD	Point-in-time
Preferred Stock par value	`PreferredStockParOrStatedValuePerShare`	$0.00	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
Inventories, net	`InventoryNet`	$9.50M	USD	Point-in-time
Contract manufacturers' receivable	`NontradeReceivables`	$369.00K	USD	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 Issued	`PreferredStockSharesIssued`	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
Preferred Stock Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$400.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$17.92M	USD	Point-in-time
Common Stock par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$19.18M	USD	Point-in-time
Common Stock par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.49M	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`	$1.47M	USD	Point-in-time
Goodwill	`Goodwill`	$9.49M	USD	Point-in-time
Goodwill	`Goodwill`	$9.49M	USD	Point-in-time
Common Stock Issued	`CommonStockSharesIssued`	15.09M	shares	Point-in-time
Common Stock Issued	`CommonStockSharesIssued`	14.79M	shares	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$442.00K	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$400.00K	USD	Point-in-time
Common Stock Outstanding	`CommonStockSharesOutstanding`	15.09M	shares	Point-in-time
Common Stock Outstanding	`CommonStockSharesOutstanding`	14.79M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$93.00K	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`	$29.41M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.55M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.63M	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$700.00K	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	-	USD	Point-in-time
Accrued payroll and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$1.86M	USD	Point-in-time
Accrued payroll and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$1.69M	USD	Point-in-time
Warranty reserve	`ProductWarrantyAccrualClassifiedCurrent`	$193.00K	USD	Point-in-time
Warranty reserve	`ProductWarrantyAccrualClassifiedCurrent`	$150.00K	USD	Point-in-time
Warranty reserve	`ProductWarrantyAccrualClassifiedCurrent`	$163.00K	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesCurrent`	$442.00K	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesCurrent`	$400.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$3.42M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$3.85M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.38M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.47M	USD	Point-in-time
Long-term capital lease obligations	`CapitalLeaseObligationsNoncurrent`	$7.00K	USD	Point-in-time
Long-term capital lease obligations	`CapitalLeaseObligationsNoncurrent`	$152.00K	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$131.00K	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$80.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$10.52M	USD	Point-in-time
Total liabilities	`Liabilities`	$10.70M	USD	Point-in-time
Commitments and contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 8)	`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; 15,089,720 and 14,787,158 shares issued and outstanding at June 30, 2015 and 2014, respectively	`CommonStockValue`	$2.00K	USD	Point-in-time
Common stock, $0.0001 par value; 100,000,000 shares authorized; 15,089,720 and 14,787,158 shares issued and outstanding at June 30, 2015 and 2014, respectively	`CommonStockValue`	$1.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$205.01M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$206.33M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-187.99M	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`	$18.71M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$19.96M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$20.17M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$29.41M	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`	$42.95M	USD	Annual
Cost of revenue	`CostOfRevenue`	$22.65M	USD	Annual
Cost of revenue	`CostOfRevenue`	$22.26M	USD	Annual
Gross profit	`GrossProfit`	$20.30M	USD	Annual
Gross profit	`GrossProfit`	$22.29M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$16.36M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$16.04M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$6.92M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$6.75M	USD	Annual
Total operating expenses	`OperatingExpenses`	$23.10M	USD	Annual
Total operating expenses	`OperatingExpenses`	$22.96M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-816.00K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-2.67M	USD	Annual
Interest expense, net	`InterestExpense`	$28.00K	USD	Annual
Interest expense, net	`InterestExpense`	$17.00K	USD	Annual
Other expense, net	`OtherNonoperatingIncomeExpense`	$-30.00K	USD	Annual
Other expense, net	`OtherNonoperatingIncomeExpense`	$-28.00K	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-872.00K	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-2.71M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$61.00K	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$58.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-2.77M	USD	Annual
Net loss	`NetIncomeLoss`	$-933.00K	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`	14.90M	shares	Annual
Net revenue from related parties	`RevenueFromRelatedParties`	$524.00K	USD	Annual
Net revenue from related parties	`RevenueFromRelatedParties`	$298.00K	USD	Annual

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-2.77M	USD	Annual
Net loss	`NetIncomeLoss`	$-933.00K	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$1.01M	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$869.00K	USD	Annual
Depreciation	`Depreciation`	$878.00K	USD	Annual
Depreciation	`Depreciation`	$895.00K	USD	Annual
Provision for excess and obsolete inventories	`InventoryWriteDown`	$222.00K	USD	Annual
Provision for excess and obsolete inventories	`InventoryWriteDown`	$207.00K	USD	Annual
Loss (gain) on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-2.00K	USD	Annual
Loss (gain) on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$2.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-973.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.03M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$1.32M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-130.00K	USD	Annual
Contract manufacturers' receivable	`IncreaseDecreaseNontradeReceivables`	$10.00K	USD	Annual
Contract manufacturers' receivable	`IncreaseDecreaseNontradeReceivables`	$-248.00K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$93.00K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-124.00K	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-12.00K	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$38.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-960.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.57M	USD	Annual
Accrued payroll and related expenses	`IncreaseDecreaseInAccruedSalaries`	$347.00K	USD	Annual
Accrued payroll and related expenses	`IncreaseDecreaseInAccruedSalaries`	$-178.00K	USD	Annual
Warranty reserve	`ProductWarrantyAccrualPeriodIncreaseDecrease`	$-43.00K	USD	Annual
Warranty reserve	`ProductWarrantyAccrualPeriodIncreaseDecrease`	$13.00K	USD	Annual
Other liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-577.00K	USD	Annual
Other liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$365.00K	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.64M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$1.56M	USD	Annual
Purchases of property and equipment, net	`PaymentsToAcquirePropertyPlantAndEquipment`	$595.00K	USD	Annual
Purchases of property and equipment, net	`PaymentsToAcquirePropertyPlantAndEquipment`	$577.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-577.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-595.00K	USD	Annual
Minimum tax withholding paid on behalf of employees for restricted shares	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$53.00K	USD	Annual
Minimum tax withholding paid on behalf of employees for restricted shares	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	-	USD	Annual
Payment of term loan	`RepaymentsOfBankDebt`	-	USD	Annual
Payment of term loan	`RepaymentsOfBankDebt`	$167.00K	USD	Annual
Proceeds from borrowings on line of credit	`ProceedsFromLinesOfCredit`	$1.00M	USD	Annual
Proceeds from borrowings on line of credit	`ProceedsFromLinesOfCredit`	-	USD	Annual
Payment of borrowings on line of credit	`RepaymentsOfLinesOfCredit`	$300.00K	USD	Annual
Payment of borrowings on line of credit	`RepaymentsOfLinesOfCredit`	-	USD	Annual
Net proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$273.00K	USD	Annual
Net proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$352.00K	USD	Annual
Payment of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$47.00K	USD	Annual
Payment of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$57.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$59.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$942.00K	USD	Annual
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.02M	USD	Annual
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.27M	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`	$4.99M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$6.26M	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`	$4.99M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$6.26M	USD	Point-in-time
Interest paid	`InterestPaid`	$19.00K	USD	Annual
Interest paid	`InterestPaid`	$29.00K	USD	Annual
Income taxes paid	`IncomeTaxesPaid`	$39.00K	USD	Annual
Income taxes paid	`IncomeTaxesPaid`	$52.00K	USD	Annual

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$18.71M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$19.96M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$20.17M	USD	Point-in-time
Shares issued pursuant to stock awards, net - stock issued	`StockIssuedDuringPeriodSharesShareBasedCompensation`	273.00	shares	Annual
Shares issued pursuant to stock awards, net value	`StockIssuedDuringPeriodValueShareBasedCompensation`	$352.00K	USD	Annual
Minimum tax withholding paid on behalf of employees for restricted shares	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$53.00K	USD	Annual
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$869.00K	USD	Annual
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.01M	USD	Annual
Net loss and comprehensive loss	`NetIncomeLoss`	$-2.77M	USD	Annual
Net loss and comprehensive loss	`NetIncomeLoss`	$-933.00K	USD	Annual
Ending balance, value	`StockholdersEquity`	$18.71M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$19.96M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$20.17M	USD	Point-in-time

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