10-Q Filing

LANTRONIX INC CIK: 1114925 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0001019687-16-005200`
Period End Date	20151231
Filing Date	20160216
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	ltrx-20151231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 55 Income Statement 60 Cash Flow Statement 60

Balance Sheet 55 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.99M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.26M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.56M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.41M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.34M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.66M	USD	Point-in-time
Inventories, net	`InventoryNet`	$9.50M	USD	Point-in-time
Inventories, net	`InventoryNet`	$7.86M	USD	Point-in-time
Contract manufacturers' receivable	`NontradeReceivables`	$482.00K	USD	Point-in-time
Contract manufacturers' receivable	`NontradeReceivables`	$369.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$615.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$400.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$15.86M	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`	$1.68M	USD	Point-in-time
Goodwill	`Goodwill`	$9.49M	USD	Point-in-time
Goodwill	`Goodwill`	$9.49M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$93.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$56.00K	USD	Point-in-time
Total assets	`Assets`	$28.97M	USD	Point-in-time
Total assets	`Assets`	$27.09M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.63M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.58M	USD	Point-in-time
Line of Credit	`LinesOfCreditCurrent`	$700.00K	USD	Point-in-time
Line of Credit	`LinesOfCreditCurrent`	$700.00K	USD	Point-in-time
Accrued payroll and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$1.66M	USD	Point-in-time
Accrued payroll and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$1.69M	USD	Point-in-time
Warranty reserve	`ProductWarrantyAccrualClassifiedCurrent`	$150.00K	USD	Point-in-time
Warranty reserve	`ProductWarrantyAccrualClassifiedCurrent`	$163.00K	USD	Point-in-time
Warranty reserve	`ProductWarrantyAccrualClassifiedCurrent`	$142.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$3.85M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$3.58M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.65M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.03M	USD	Point-in-time
Long-term capital lease obligations	`CapitalLeaseObligationsNoncurrent`	$150.00K	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`	$310.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$9.11M	USD	Point-in-time
Total liabilities	`Liabilities`	$10.26M	USD	Point-in-time
Commitments and contingencies (Note 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 7)	`CommitmentsAndContingencies`	-	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`	$206.33M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$206.86M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-189.25M	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`	$17.98M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$18.71M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$27.09M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$28.97M	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net revenue (1)	`SalesRevenueNet`	$22.27M	USD	2 Qtrs
Net revenue (1)	`SalesRevenueNet`	$9.54M	USD	1 Quarter
Net revenue (1)	`SalesRevenueNet`	$10.73M	USD	1 Quarter
Net revenue (1)	`SalesRevenueNet`	$20.11M	USD	2 Qtrs
Cost of revenue	`CostOfRevenue`	$5.57M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$4.95M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$10.46M	USD	2 Qtrs
Cost of revenue	`CostOfRevenue`	$11.50M	USD	2 Qtrs
Gross profit	`GrossProfit`	$4.59M	USD	1 Quarter
Gross profit	`GrossProfit`	$9.66M	USD	2 Qtrs
Gross profit	`GrossProfit`	$10.77M	USD	2 Qtrs
Gross profit	`GrossProfit`	$5.17M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$7.54M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.81M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.99M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$8.07M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$3.53M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.72M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$3.39M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.78M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$5.53M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$5.77M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$10.93M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$11.59M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-824.00K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-604.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-941.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.27M	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$8.00K	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$3.00K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$15.00K	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$9.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-20.00K	USD	2 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$47.00K	USD	2 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$1.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$28.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-922.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-606.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-852.00K	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.24M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$26.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$21.00K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$6.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$42.00K	USD	2 Qtrs
Net loss and comprehensive loss	`NetIncomeLoss`	$-1.26M	USD	2 Qtrs
Net loss and comprehensive loss	`NetIncomeLoss`	$-928.00K	USD	1 Quarter
Net loss and comprehensive loss	`NetIncomeLoss`	$-632.00K	USD	1 Quarter
Net loss and comprehensive loss	`NetIncomeLoss`	$-894.00K	USD	2 Qtrs
Net loss per share (basic and diluted)	`EarningsPerShareBasicAndDiluted`	$-0.06	USD	1 Quarter
Net loss per share (basic and diluted)	`EarningsPerShareBasicAndDiluted`	$-0.06	USD	2 Qtrs
Net loss per share (basic and diluted)	`EarningsPerShareBasicAndDiluted`	$-0.08	USD	2 Qtrs
Net loss per share (basic and diluted)	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	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
Weighted-average common shares (basic and diluted)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	15.13M	shares	2 Qtrs
Weighted-average common shares (basic and diluted)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	15.16M	shares	1 Quarter
Net revenue from related parties	`RevenueFromRelatedParties`	$191.00K	USD	2 Qtrs
Net revenue from related parties	`RevenueFromRelatedParties`	$113.00K	USD	2 Qtrs
Net revenue from related parties	`RevenueFromRelatedParties`	$45.00K	USD	1 Quarter
Net revenue from related parties	`RevenueFromRelatedParties`	$112.00K	USD	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.26M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-928.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-632.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-894.00K	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$520.00K	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$265.00K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$485.00K	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$252.00K	USD	1 Quarter
Depreciation	`Depreciation`	$423.00K	USD	2 Qtrs
Depreciation	`Depreciation`	$463.00K	USD	2 Qtrs
Provision for excess and obsolete inventories	`InventoryWriteDown`	$52.00K	USD	2 Qtrs
Provision for excess and obsolete inventories	`InventoryWriteDown`	$79.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-997.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-315.00K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-1.56M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$944.00K	USD	2 Qtrs
Contract manufacturers' receivable	`IncreaseDecreaseNontradeReceivables`	$113.00K	USD	2 Qtrs
Contract manufacturers' receivable	`IncreaseDecreaseNontradeReceivables`	$34.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$72.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$215.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-20.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-25.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.35M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-319.00K	USD	2 Qtrs
Accrued payroll and related expenses	`IncreaseDecreaseInAccruedSalaries`	$-30.00K	USD	2 Qtrs
Accrued payroll and related expenses	`IncreaseDecreaseInAccruedSalaries`	$-169.00K	USD	2 Qtrs
Warranty reserve	`ProductWarrantyAccrualPeriodIncreaseDecrease`	$-21.00K	USD	2 Qtrs
Warranty reserve	`ProductWarrantyAccrualPeriodIncreaseDecrease`	$-39.00K	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-290.00K	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-155.00K	USD	2 Qtrs
Cash received related to tenant lease incentives	`CashReceivedRelatedToTenantLeaseIncentives`	-	USD	2 Qtrs
Cash received related to tenant lease incentives	`CashReceivedRelatedToTenantLeaseIncentives`	$53.00K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-337.00K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-574.00K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$103.00K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$363.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-363.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-103.00K	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`	$46.00K	USD	2 Qtrs
Proceeds from borrowing on line of credit	`ProceedsFromLinesOfCredit`	-	USD	2 Qtrs
Proceeds from borrowing on line of credit	`ProceedsFromLinesOfCredit`	$1.40M	USD	2 Qtrs
Payment on borrowings on line of credit	`RepaymentsOfLinesOfCredit`	-	USD	2 Qtrs
Payment on borrowings on line of credit	`RepaymentsOfLinesOfCredit`	$1.40M	USD	2 Qtrs
Net proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$95.00K	USD	2 Qtrs
Net proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$158.00K	USD	2 Qtrs
Payment of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$25.00K	USD	2 Qtrs
Payment of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$36.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$80.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$13.00K	USD	2 Qtrs
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-857.00K	USD	2 Qtrs
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-427.00K	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.99M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.26M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.56M	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`	$4.99M	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`	$4.56M	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.