10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001019687-15-003861 |
| Period End Date | 20150930 |
| Filing Date | 20151030 |
| Fiscal Year | 2016 |
| Fiscal Period | Q1 |
| XBRL Instance | ltrx-20150930.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
57 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$4.99M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$6.28M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$6.26M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$4.72M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$2.66M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$2.97M | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$9.50M | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$8.99M | USD | Point-in-time |
| Contract manufacturers' receivable |
NontradeReceivables
|
$365.00K | USD | Point-in-time |
| Contract manufacturers' receivable |
NontradeReceivables
|
$369.00K | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssets
|
$315.00K | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssets
|
$400.00K | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$17.36M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$17.92M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$1.47M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$1.48M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$9.49M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$9.49M | USD | Point-in-time |
| Deferred tax assets |
DeferredTaxAssetsNetNoncurrent
|
$442.00K | USD | Point-in-time |
| Deferred tax assets |
DeferredTaxAssetsNetNoncurrent
|
$442.00K | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$93.00K | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$60.00K | USD | Point-in-time |
| Total assets |
Assets
|
$28.82M | USD | Point-in-time |
| Total assets |
Assets
|
$29.41M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$3.63M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$2.92M | USD | Point-in-time |
| Line of Credit |
LineOfCredit
|
$700.00K | USD | Point-in-time |
| Line of Credit |
LineOfCredit
|
$700.00K | USD | Point-in-time |
| Accrued payroll and related expenses |
EmployeeRelatedLiabilitiesCurrent
|
$1.69M | USD | Point-in-time |
| Accrued payroll and related expenses |
EmployeeRelatedLiabilitiesCurrent
|
$1.80M | USD | Point-in-time |
| Warranty reserve |
ProductWarrantyAccrualClassifiedCurrent
|
$150.00K | USD | Point-in-time |
| Warranty reserve |
ProductWarrantyAccrualClassifiedCurrent
|
$127.00K | USD | Point-in-time |
| Warranty reserve |
ProductWarrantyAccrualClassifiedCurrent
|
$163.00K | USD | Point-in-time |
| Deferred tax liabilities |
DeferredTaxLiabilitiesNoncurrent
|
$442.00K | USD | Point-in-time |
| Deferred tax liabilities |
DeferredTaxLiabilitiesNoncurrent
|
$442.00K | USD | Point-in-time |
| Other current liabilities |
OtherLiabilitiesCurrent
|
$3.85M | USD | Point-in-time |
| Other current liabilities |
OtherLiabilitiesCurrent
|
$3.79M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$10.47M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$9.78M | USD | Point-in-time |
| Long-term capital lease obligations |
CapitalLeaseObligationsNoncurrent
|
$138.00K | USD | Point-in-time |
| Long-term capital lease obligations |
CapitalLeaseObligationsNoncurrent
|
$152.00K | USD | Point-in-time |
| Other non-current liabilities |
OtherLiabilitiesNoncurrent
|
$80.00K | USD | Point-in-time |
| Other non-current liabilities |
OtherLiabilitiesNoncurrent
|
$308.00K | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$10.23M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$10.70M | USD | Point-in-time |
| Common stock |
CommonStockValue
|
$2.00K | USD | Point-in-time |
| Common stock |
CommonStockValue
|
$2.00K | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$206.54M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$206.33M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-188.32M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-187.99M | 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
|
$18.59M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$18.71M | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$29.41M | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$28.82M | USD | Point-in-time |
Income Statement
30 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net revenue (1) |
SalesRevenueNet
|
$11.54M | USD | 1 Quarter |
| Net revenue (1) |
SalesRevenueNet
|
$10.57M | USD | 1 Quarter |
| Cost of revenue |
CostOfRevenue
|
$5.51M | USD | 1 Quarter |
| Cost of revenue |
CostOfRevenue
|
$5.94M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$5.07M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$5.60M | USD | 1 Quarter |
| Selling, general and administrative |
SellingGeneralAndAdministrativeExpense
|
$3.73M | USD | 1 Quarter |
| Selling, general and administrative |
SellingGeneralAndAdministrativeExpense
|
$4.08M | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$1.67M | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$1.74M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$5.40M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$5.82M | USD | 1 Quarter |
| Loss from operations |
OperatingIncomeLoss
|
$-329.00K | USD | 1 Quarter |
| Loss from operations |
OperatingIncomeLoss
|
$-220.00K | USD | 1 Quarter |
| Interest expense, net |
InterestExpense
|
$6.00K | USD | 1 Quarter |
| Interest expense, net |
InterestExpense
|
$5.00K | USD | 1 Quarter |
| Other income (expense), net |
OtherNonoperatingIncomeExpense
|
$-21.00K | USD | 1 Quarter |
| Other income (expense), net |
OtherNonoperatingIncomeExpense
|
$19.00K | USD | 1 Quarter |
| Loss before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$-316.00K | USD | 1 Quarter |
| Loss before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$-246.00K | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$15.00K | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$16.00K | USD | 1 Quarter |
| Net loss and comprehensive loss |
NetIncomeLoss
|
$-331.00K | USD | 1 Quarter |
| Net loss and comprehensive loss |
NetIncomeLoss
|
$-262.00K | USD | 1 Quarter |
| Net loss per share (basic and diluted) |
EarningsPerShareBasicAndDiluted
|
$-0.02 | USD | 1 Quarter |
| Net loss per share (basic and diluted) |
EarningsPerShareBasicAndDiluted
|
$-0.02 | USD | 1 Quarter |
| Weighted-average common shares (basic and diluted) |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
14.79M | shares | 1 Quarter |
| Weighted-average common shares (basic and diluted) |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
15.10M | shares | 1 Quarter |
| Net revenue from related parties |
RevenueFromRelatedParties
|
$79.00K | USD | 1 Quarter |
| Net revenue from related parties |
RevenueFromRelatedParties
|
$68.00K | USD | 1 Quarter |
Cash Flow Statement
54 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net loss |
NetIncomeLoss
|
$-331.00K | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-262.00K | USD | 1 Quarter |
| Share-based compensation |
ShareBasedCompensation
|
$255.00K | USD | 1 Quarter |
| Share-based compensation |
ShareBasedCompensation
|
$233.00K | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$218.00K | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$229.00K | USD | 1 Quarter |
| Provision for excess and obsolete inventories |
InventoryWriteDown
|
$73.00K | USD | 1 Quarter |
| Provision for excess and obsolete inventories |
InventoryWriteDown
|
$47.00K | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$88.00K | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-312.00K | USD | 1 Quarter |
| Contract manufacturers' receivable |
IncreaseDecreaseNontradeReceivables
|
$-222.00K | USD | 1 Quarter |
| Contract manufacturers' receivable |
IncreaseDecreaseNontradeReceivables
|
$4.00K | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$442.00K | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$-188.00K | USD | 1 Quarter |
| Prepaid expenses and other current assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$168.00K | USD | 1 Quarter |
| Prepaid expenses and other current assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$85.00K | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$17.00K | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$26.00K | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$390.00K | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-722.00K | USD | 1 Quarter |
| Accrued payroll and related expenses |
IncreaseDecreaseInAccruedSalaries
|
$115.00K | USD | 1 Quarter |
| Accrued payroll and related expenses |
IncreaseDecreaseInAccruedSalaries
|
$-40.00K | USD | 1 Quarter |
| Warranty reserve |
ProductWarrantyAccrualPeriodIncreaseDecrease
|
$-36.00K | USD | 1 Quarter |
| Warranty reserve |
ProductWarrantyAccrualPeriodIncreaseDecrease
|
$-30.00K | USD | 1 Quarter |
| Other liabilities |
IncreaseDecreaseInOtherAccruedLiabilities
|
$-67.00K | USD | 1 Quarter |
| Other liabilities |
IncreaseDecreaseInOtherAccruedLiabilities
|
$-240.00K | USD | 1 Quarter |
| Cash received related to tenant lease incentives |
CashReceivedRelatedToTenantLeaseIncentives
|
- | USD | 1 Quarter |
| Cash received related to tenant lease incentives |
CashReceivedRelatedToTenantLeaseIncentives
|
$53.00K | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$212.00K | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-219.00K | USD | 1 Quarter |
| Purchases of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$181.00K | USD | 1 Quarter |
| Purchases of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$15.00K | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-15.00K | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-181.00K | USD | 1 Quarter |
| Minimum tax withholding paid on behalf of employees for restricted shares |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
- | USD | 1 Quarter |
| Minimum tax withholding paid on behalf of employees for restricted shares |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$16.00K | USD | 1 Quarter |
| Proceeds from borrowing on line of credit |
ProceedsFromLinesOfCredit
|
- | USD | 1 Quarter |
| Proceeds from borrowing on line of credit |
ProceedsFromLinesOfCredit
|
$700.00K | USD | 1 Quarter |
| Payment on borrowings on line of credit |
RepaymentsOfLinesOfCredit
|
$700.00K | USD | 1 Quarter |
| Payment on borrowings on line of credit |
RepaymentsOfLinesOfCredit
|
- | USD | 1 Quarter |
| Payment of capital lease obligations |
RepaymentsOfDebtAndCapitalLeaseObligations
|
$21.00K | USD | 1 Quarter |
| Payment of capital lease obligations |
RepaymentsOfDebtAndCapitalLeaseObligations
|
$12.00K | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-37.00K | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-12.00K | USD | 1 Quarter |
| Increase in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-271.00K | USD | 1 Quarter |
| Increase in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$19.00K | USD | 1 Quarter |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$4.99M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$6.28M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$6.26M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$4.72M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$4.99M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$6.28M | 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
|
$4.72M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.