10-K Filing

LANTRONIX INC CIK: 1114925 FY 2016

Filing Information

Form Type	10-K
Accession Number	`0001019687-16-007351`
Period End Date	20160630
Filing Date	20160824
Fiscal Year	2016
Fiscal Period	FY
XBRL Instance	ltrx-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 75 Income Statement 30 Cash Flow Statement 60 Stockholders Equity 15

Balance Sheet 75 line items

Line Item	Tag	Value	Unit	Period
Allowance for Receivables	`AllowanceForDoubtfulAccountsReceivableCurrent`	$45.00K	USD	Point-in-time
Allowance for Receivables	`AllowanceForDoubtfulAccountsReceivableCurrent`	$37.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.96M	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 $37 and $45 at June 30, 2016 and 2015, respectively)	`AccountsReceivableNetCurrent`	$3.16M	USD	Point-in-time
Preferred Stock par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable (net of allowance for doubtful accounts of $37 and $45 at June 30, 2016 and 2015, respectively)	`AccountsReceivableNetCurrent`	$2.66M	USD	Point-in-time
Preferred Stock par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventories, net	`InventoryNet`	$6.58M	USD	Point-in-time
Inventories, net	`InventoryNet`	$9.50M	USD	Point-in-time
Preferred Stock Authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred Stock Authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred Stock Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Contract manufacturers' receivable	`NontradeReceivables`	$369.00K	USD	Point-in-time
Contract manufacturers' receivable	`NontradeReceivables`	$369.00K	USD	Point-in-time
Preferred Stock Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred Stock Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred Stock Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$580.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$400.00K	USD	Point-in-time
Common Stock par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$16.66M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$17.92M	USD	Point-in-time
Common Stock Authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.47M	USD	Point-in-time
Common Stock Authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.57M	USD	Point-in-time
Goodwill	`Goodwill`	$9.49M	USD	Point-in-time
Common Stock Issued	`CommonStockSharesIssued`	17.25M	shares	Point-in-time
Goodwill	`Goodwill`	$9.49M	USD	Point-in-time
Common Stock Issued	`CommonStockSharesIssued`	15.09M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$63.00K	USD	Point-in-time
Common Stock Outstanding	`CommonStockSharesOutstanding`	15.09M	shares	Point-in-time
Common Stock Outstanding	`CommonStockSharesOutstanding`	17.25M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$93.00K	USD	Point-in-time
Total assets	`Assets`	$27.78M	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`	$2.72M	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`	$1.69M	USD	Point-in-time
Accrued payroll and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$1.82M	USD	Point-in-time
Warranty reserve	`ProductWarrantyAccrualClassifiedCurrent`	$138.00K	USD	Point-in-time
Warranty reserve	`ProductWarrantyAccrualClassifiedCurrent`	$150.00K	USD	Point-in-time
Warranty reserve	`ProductWarrantyAccrualClassifiedCurrent`	$163.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$2.92M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$3.85M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.60M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.03M	USD	Point-in-time
Long-term capital lease obligations	`CapitalLeaseObligationsNoncurrent`	$152.00K	USD	Point-in-time
Long-term capital lease obligations	`CapitalLeaseObligationsNoncurrent`	$116.00K	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$80.00K	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$347.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$8.06M	USD	Point-in-time
Total liabilities	`Liabilities`	$10.26M	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; 17,253,799 and 15,089,720 shares issued and outstanding at June 30, 2016 and 2015, respectively	`CommonStockValue`	$2.00K	USD	Point-in-time
Common stock, $0.0001 par value; 100,000,000 shares authorized; 17,253,799 and 15,089,720 shares issued and outstanding at June 30, 2016 and 2015, respectively	`CommonStockValue`	$2.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$209.30M	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`	$-189.95M	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`	$18.71M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$20.17M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$19.72M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$28.97M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$27.78M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Net revenue	`SalesRevenueNet`	$42.95M	USD	Annual
Net revenue	`SalesRevenueNet`	$40.59M	USD	Annual
Cost of revenue	`CostOfRevenue`	$21.21M	USD	Annual
Cost of revenue	`CostOfRevenue`	$22.65M	USD	Annual
Gross profit	`GrossProfit`	$20.30M	USD	Annual
Gross profit	`GrossProfit`	$19.38M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$16.04M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$14.40M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$6.92M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$6.91M	USD	Annual
Total operating expenses	`OperatingExpenses`	$22.96M	USD	Annual
Total operating expenses	`OperatingExpenses`	$21.31M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-1.93M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-2.67M	USD	Annual
Interest expense, net	`InterestExpense`	$17.00K	USD	Annual
Interest expense, net	`InterestExpense`	$32.00K	USD	Annual
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-30.00K	USD	Annual
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$61.00K	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.90M	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-2.71M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$63.00K	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$58.00K	USD	Annual
Net loss and comprehensive loss	`NetIncomeLoss`	$-1.96M	USD	Annual
Net loss and comprehensive loss	`NetIncomeLoss`	$-2.77M	USD	Annual
Net loss per share (basic and diluted)	`EarningsPerShareBasicAndDiluted`	$-0.13	USD	Annual
Net loss per share (basic and diluted)	`EarningsPerShareBasicAndDiluted`	$-0.19	USD	Annual
Weighted-average shares (basic and diluted)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	14.90M	shares	Annual
Weighted-average shares (basic and diluted)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	15.26M	shares	Annual
Net revenue from related parties	`RevenueFromRelatedParties`	$113.00K	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`	$-1.96M	USD	Annual
Net loss	`NetIncomeLoss`	$-2.77M	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$870.00K	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$1.01M	USD	Annual
Depreciation	`Depreciation`	$878.00K	USD	Annual
Depreciation	`Depreciation`	$759.00K	USD	Annual
Provision for excess and obsolete inventories	`InventoryWriteDown`	$222.00K	USD	Annual
Provision for excess and obsolete inventories	`InventoryWriteDown`	$293.00K	USD	Annual
Loss (gain) on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-7.00K	USD	Annual
Loss (gain) on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$2.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$506.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-973.00K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-2.63M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$1.32M	USD	Annual
Contract manufacturers' receivable	`IncreaseDecreaseNontradeReceivables`	$10.00K	USD	Annual
Contract manufacturers' receivable	`IncreaseDecreaseNontradeReceivables`	-	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-124.00K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$180.00K	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-12.00K	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-16.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-965.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-960.00K	USD	Annual
Accrued payroll and related expenses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$132.00K	USD	Annual
Accrued payroll and related expenses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-178.00K	USD	Annual
Warranty reserve	`ProductWarrantyAccrualPeriodIncreaseDecrease`	$13.00K	USD	Annual
Warranty reserve	`ProductWarrantyAccrualPeriodIncreaseDecrease`	$-25.00K	USD	Annual
Other liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-905.00K	USD	Annual
Other liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$365.00K	USD	Annual
Cash received related to tenant lease incentives	`CashReceivedRelatedToTenantLeaseIncentives`	$53.00K	USD	Annual
Cash received related to tenant lease incentives	`CashReceivedRelatedToTenantLeaseIncentives`	-	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.64M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$213.00K	USD	Annual
Purchases of property and equipment, net	`PaymentsToAcquirePropertyPlantAndEquipment`	$577.00K	USD	Annual
Purchases of property and equipment, net	`PaymentsToAcquirePropertyPlantAndEquipment`	$570.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-577.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-570.00K	USD	Annual
Minimum tax withholding paid on behalf of employees for restricted shares	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$48.00K	USD	Annual
Minimum tax withholding paid on behalf of employees for restricted shares	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$53.00K	USD	Annual
Proceeds from borrowings on line of credit	`ProceedsFromLinesOfCredit`	$1.00M	USD	Annual
Proceeds from borrowings on line of credit	`ProceedsFromLinesOfCredit`	$2.10M	USD	Annual
Payment of borrowings on line of credit	`RepaymentsOfLinesOfCredit`	$300.00K	USD	Annual
Payment of borrowings on line of credit	`RepaymentsOfLinesOfCredit`	$2.80M	USD	Annual
Net proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$352.00K	USD	Annual
Net proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$2.15M	USD	Annual
Payment of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$57.00K	USD	Annual
Payment of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$71.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$942.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$1.33M	USD	Annual
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.27M	USD	Annual
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$973.00K	USD	Annual
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$5.96M	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`	$5.96M	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`	$32.00K	USD	Annual
Income taxes paid	`IncomeTaxesPaid`	$39.00K	USD	Annual
Income taxes paid	`IncomeTaxesPaid`	$32.00K	USD	Annual

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$18.71M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$20.17M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$19.72M	USD	Point-in-time
Shares issued pursuant to stock awards, net value	`StockIssuedDuringPeriodValueShareBasedCompensation`	$352.00K	USD	Annual
Shares issued pursuant to stock awards, net value	`StockIssuedDuringPeriodValueShareBasedCompensation`	$174.00K	USD	Annual
Shares issued pursuant to equity offering, value	`StockIssuedDuringPeriodValueNewIssues`	$1.98M	USD	Annual
Minimum tax withholding paid on behalf of employees for restricted shares	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$53.00K	USD	Annual
Minimum tax withholding paid on behalf of employees for restricted shares	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$48.00K	USD	Annual
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$870.00K	USD	Annual
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.01M	USD	Annual
Net loss	`NetIncomeLoss`	$-1.96M	USD	Annual
Net loss	`NetIncomeLoss`	$-2.77M	USD	Annual
Ending balance, value	`StockholdersEquity`	$18.71M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$20.17M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$19.72M	USD	Point-in-time

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