10-Q Filing

LANTRONIX INC CIK: 1114925 Q3 2016

Filing Information

Form Type	10-Q
Accession Number	`0001019687-16-006018`
Period End Date	20160331
Filing Date	20160428
Fiscal Year	2016
Fiscal Period	Q3
XBRL Instance	ltrx-20160331.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`	$4.06M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.26M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.99M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.60M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$3.13M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.66M	USD	Point-in-time
Inventories, net	`InventoryNet`	$7.28M	USD	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`	$321.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$568.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$400.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$15.35M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$17.92M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.59M	USD	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
Other assets	`OtherAssetsNoncurrent`	$54.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$93.00K	USD	Point-in-time
Total assets	`Assets`	$26.49M	USD	Point-in-time
Total assets	`Assets`	$28.97M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.63M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.53M	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`	$1.44M	USD	Point-in-time
Accrued payroll and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$1.69M	USD	Point-in-time
Warranty reserve	`ProductWarrantyAccrualClassifiedCurrent`	$163.00K	USD	Point-in-time
Warranty reserve	`ProductWarrantyAccrualClassifiedCurrent`	$150.00K	USD	Point-in-time
Warranty reserve	`ProductWarrantyAccrualClassifiedCurrent`	$139.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$3.85M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$3.51M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.31M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.03M	USD	Point-in-time
Long-term capital lease obligations	`CapitalLeaseObligationsNoncurrent`	$134.00K	USD	Point-in-time
Long-term capital lease obligations	`CapitalLeaseObligationsNoncurrent`	$152.00K	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$324.00K	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$80.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$8.77M	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`	$207.05M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$206.33M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-189.71M	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`	$18.71M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$17.71M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$26.49M	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	`SalesRevenueNet`	$10.44M	USD	1 Quarter
Net revenue	`SalesRevenueNet`	$30.08M	USD	3 Qtrs
Net revenue	`SalesRevenueNet`	$32.72M	USD	3 Qtrs
Net revenue	`SalesRevenueNet`	$9.96M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$5.19M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$15.64M	USD	3 Qtrs
Cost of revenue	`CostOfRevenue`	$5.74M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$17.24M	USD	3 Qtrs
Gross profit	`GrossProfit`	$15.48M	USD	3 Qtrs
Gross profit	`GrossProfit`	$4.71M	USD	1 Quarter
Gross profit	`GrossProfit`	$4.78M	USD	1 Quarter
Gross profit	`GrossProfit`	$14.43M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.91M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.47M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$11.98M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$11.01M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$5.14M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$5.13M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.62M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.74M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$5.21M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$16.14M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$17.13M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$5.53M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-435.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.71M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-824.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.65M	USD	3 Qtrs
Interest expense, net	`InterestExpense`	$12.00K	USD	3 Qtrs
Interest expense, net	`InterestExpense`	$4.00K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$8.00K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$23.00K	USD	3 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$47.00K	USD	3 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-25.00K	USD	3 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-5.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.68M	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-833.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-443.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.69M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$48.00K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$34.00K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$6.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$13.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-456.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.73M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-839.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.72M	USD	3 Qtrs
Net loss per share (basic and diluted)	`EarningsPerShareBasicAndDiluted`	$-0.12	USD	3 Qtrs
Net loss per share (basic and diluted)	`EarningsPerShareBasicAndDiluted`	$-0.11	USD	3 Qtrs
Net loss per share (basic and diluted)	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
Net loss per share (basic and diluted)	`EarningsPerShareBasicAndDiluted`	$-0.06	USD	1 Quarter
Weighted-average common shares (basic and diluted)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	14.94M	shares	1 Quarter
Weighted-average common shares (basic and diluted)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	15.22M	shares	1 Quarter
Weighted-average common shares (basic and diluted)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	15.16M	shares	3 Qtrs
Weighted-average common shares (basic and diluted)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	14.87M	shares	3 Qtrs
Net revenue from related parties	`RevenueFromRelatedParties`	$28.00K	USD	1 Quarter
Net revenue from related parties	`RevenueFromRelatedParties`	$219.00K	USD	3 Qtrs
Net revenue from related parties	`RevenueFromRelatedParties`	$113.00K	USD	3 Qtrs
Net revenue from related parties	`RevenueFromRelatedParties`	-	USD	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-456.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.73M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-839.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.72M	USD	3 Qtrs
Share-based compensation	`ShareBasedCompensation`	$186.00K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$770.00K	USD	3 Qtrs
Share-based compensation	`ShareBasedCompensation`	$671.00K	USD	3 Qtrs
Share-based compensation	`ShareBasedCompensation`	$250.00K	USD	1 Quarter
Depreciation	`Depreciation`	$614.00K	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`	$171.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$473.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.00M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$598.00K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-2.06M	USD	3 Qtrs
Contract manufacturers' receivable	`IncreaseDecreaseNontradeReceivables`	$127.00K	USD	3 Qtrs
Contract manufacturers' receivable	`IncreaseDecreaseNontradeReceivables`	$-48.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-31.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$168.00K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-23.00K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-17.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.12M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-514.00K	USD	3 Qtrs
Accrued payroll and related expenses	`IncreaseDecreaseInAccruedSalaries`	$-187.00K	USD	3 Qtrs
Accrued payroll and related expenses	`IncreaseDecreaseInAccruedSalaries`	$-250.00K	USD	3 Qtrs
Warranty reserve	`ProductWarrantyAccrualPeriodIncreaseDecrease`	$-39.00K	USD	3 Qtrs
Warranty reserve	`ProductWarrantyAccrualPeriodIncreaseDecrease`	$-24.00K	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-337.00K	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$179.00K	USD	3 Qtrs
Cash received related to tenant lease incentives	`CashReceivedRelatedToTenantLeaseIncentives`	$53.00K	USD	3 Qtrs
Cash received related to tenant lease incentives	`CashReceivedRelatedToTenantLeaseIncentives`	-	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-259.00K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-451.00K	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$474.00K	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$478.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-478.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-474.00K	USD	3 Qtrs
Minimum tax withholding paid on behalf of employees for restricted shares	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$53.00K	USD	3 Qtrs
Minimum tax withholding paid on behalf of employees for restricted shares	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$46.00K	USD	3 Qtrs
Proceeds from borrowing on line of credit	`ProceedsFromLinesOfCredit`	-	USD	3 Qtrs
Proceeds from borrowing on line of credit	`ProceedsFromLinesOfCredit`	$2.10M	USD	3 Qtrs
Payment of borrowings on line of credit	`RepaymentsOfLinesOfCredit`	-	USD	3 Qtrs
Payment of borrowings on line of credit	`RepaymentsOfLinesOfCredit`	$2.10M	USD	3 Qtrs
Net proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$158.00K	USD	3 Qtrs
Net proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$95.00K	USD	3 Qtrs
Payment of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$53.00K	USD	3 Qtrs
Payment of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$38.00K	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.00K	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$67.00K	USD	3 Qtrs
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-666.00K	USD	3 Qtrs
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-933.00K	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.06M	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`	$4.99M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.60M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.06M	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`	$4.99M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.60M	USD	Point-in-time

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