10-Q Filing

LANTRONIX INC CIK: 1114925 Q2 2017

Filing Information

Form Type	10-Q
Accession Number	`0001683168-17-000178`
Period End Date	20161231
Filing Date	20170127
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	ltrx-20161231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 53 Income Statement 68 Cash Flow Statement 60

Balance Sheet 53 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.99M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.70M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.96M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.56M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.87M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$3.16M	USD	Point-in-time
Inventories, net	`InventoryNet`	$6.58M	USD	Point-in-time
Inventories, net	`InventoryNet`	$7.61M	USD	Point-in-time
Contract manufacturers' receivable	`NontradeReceivables`	$366.00K	USD	Point-in-time
Contract manufacturers' receivable	`NontradeReceivables`	$369.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$566.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$580.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$18.11M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$16.66M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.40M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.57M	USD	Point-in-time
Goodwill	`Goodwill`	$9.49M	USD	Point-in-time
Goodwill	`Goodwill`	$9.49M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$63.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$47.00K	USD	Point-in-time
Total assets	`Assets`	$29.05M	USD	Point-in-time
Total assets	`Assets`	$27.78M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.28M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.72M	USD	Point-in-time
Accrued payroll and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$1.82M	USD	Point-in-time
Accrued payroll and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$2.83M	USD	Point-in-time
Warranty reserve	`ProductWarrantyAccrualClassifiedCurrent`	$153.00K	USD	Point-in-time
Warranty reserve	`ProductWarrantyAccrualClassifiedCurrent`	$163.00K	USD	Point-in-time
Warranty reserve	`ProductWarrantyAccrualClassifiedCurrent`	$138.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$3.23M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$2.92M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.50M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.60M	USD	Point-in-time
Long-term capital lease obligations	`CapitalLeaseObligationsNoncurrent`	$116.00K	USD	Point-in-time
Long-term capital lease obligations	`CapitalLeaseObligationsNoncurrent`	$87.00K	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$353.00K	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`	$8.94M	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`	$209.30M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$209.75M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-189.95M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-190.02M	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`	$20.11M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$19.72M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$29.05M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$27.78M	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net revenue	`SalesRevenueNet`	$11.22M	USD	1 Quarter
Net revenue	`SalesRevenueNet`	$9.54M	USD	1 Quarter
Net revenue	`SalesRevenueNet`	$22.16M	USD	2 Qtrs
Net revenue	`SalesRevenueNet`	$20.11M	USD	2 Qtrs
Cost of revenue	`CostOfRevenue`	$5.41M	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`	$10.65M	USD	2 Qtrs
Gross profit	`GrossProfit`	$9.66M	USD	2 Qtrs
Gross profit	`GrossProfit`	$4.59M	USD	1 Quarter
Gross profit	`GrossProfit`	$5.81M	USD	1 Quarter
Gross profit	`GrossProfit`	$11.51M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.87M	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`	$7.71M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.72M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.87M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$3.39M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$3.82M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$10.93M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$5.75M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$5.53M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$11.53M	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$-21.00K	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$-941.00K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$66.00K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-1.27M	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$13.00K	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$15.00K	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$9.00K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$6.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$47.00K	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$28.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$4.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$1.00K	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-922.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$64.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.24M	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-33.00K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$6.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$23.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$21.00K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$30.00K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-1.26M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-928.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-63.00K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$41.00K	USD	1 Quarter
Net income (loss) per share (basic)	`EarningsPerShareBasic`	$-0.08	USD	2 Qtrs
Net income (loss) per share (basic)	`EarningsPerShareBasic`	-	USD	2 Qtrs
Net income (loss) per share (basic)	`EarningsPerShareBasic`	$-0.06	USD	1 Quarter
Net income (loss) per share (basic)	`EarningsPerShareBasic`	-	USD	1 Quarter
Net income (loss) per share (diluted)	`EarningsPerShareDiluted`	-	USD	1 Quarter
Net income (loss) per share (diluted)	`EarningsPerShareDiluted`	$-0.08	USD	2 Qtrs
Net income (loss) per share (diluted)	`EarningsPerShareDiluted`	$-0.06	USD	1 Quarter
Net income (loss) per share (diluted)	`EarningsPerShareDiluted`	-	USD	2 Qtrs
Weighted-average common shares (basic)	`WeightedAverageNumberOfSharesOutstandingBasic`	17.35M	shares	1 Quarter
Weighted-average common shares (basic)	`WeightedAverageNumberOfSharesOutstandingBasic`	15.16M	shares	1 Quarter
Weighted-average common shares (basic)	`WeightedAverageNumberOfSharesOutstandingBasic`	17.30M	shares	2 Qtrs
Weighted-average common shares (basic)	`WeightedAverageNumberOfSharesOutstandingBasic`	15.13M	shares	2 Qtrs
Weighted-average common shares (diluted)	`WeightedAverageNumberOfDilutedSharesOutstanding`	17.30M	shares	2 Qtrs
Weighted-average common shares (diluted)	`WeightedAverageNumberOfDilutedSharesOutstanding`	15.16M	shares	1 Quarter
Weighted-average common shares (diluted)	`WeightedAverageNumberOfDilutedSharesOutstanding`	15.13M	shares	2 Qtrs
Weighted-average common shares (diluted)	`WeightedAverageNumberOfDilutedSharesOutstanding`	17.70M	shares	1 Quarter
Net revenue from related parties	`RevenueFromRelatedParties`	-	USD	2 Qtrs
Net revenue from related parties	`RevenueFromRelatedParties`	-	USD	1 Quarter
Net revenue from related parties	`RevenueFromRelatedParties`	$113.00K	USD	2 Qtrs
Net revenue from related parties	`RevenueFromRelatedParties`	$45.00K	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`	$-63.00K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$41.00K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$485.00K	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$421.00K	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$252.00K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$220.00K	USD	1 Quarter
Depreciation	`Depreciation`	$423.00K	USD	2 Qtrs
Depreciation	`Depreciation`	$304.00K	USD	2 Qtrs
Provision for excess and obsolete inventories	`InventoryWriteDown`	$53.00K	USD	2 Qtrs
Provision for excess and obsolete inventories	`InventoryWriteDown`	$79.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-315.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-298.00K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-1.56M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$1.08M	USD	2 Qtrs
Contract manufacturers' receivable	`IncreaseDecreaseNontradeReceivables`	$113.00K	USD	2 Qtrs
Contract manufacturers' receivable	`IncreaseDecreaseNontradeReceivables`	$-3.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$215.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-14.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-25.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-14.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.35M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-477.00K	USD	2 Qtrs
Accrued payroll and related expenses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-30.00K	USD	2 Qtrs
Accrued payroll and related expenses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$1.02M	USD	2 Qtrs
Warranty reserve	`ProductWarrantyAccrualPeriodIncreaseDecrease`	$-21.00K	USD	2 Qtrs
Warranty reserve	`ProductWarrantyAccrualPeriodIncreaseDecrease`	$15.00K	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-290.00K	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$322.00K	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 provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-337.00K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$837.00K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$99.00K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$103.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-99.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-103.00K	USD	2 Qtrs
Minimum tax withholding paid on behalf of employees for restricted shares	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$87.00K	USD	2 Qtrs
Minimum tax withholding paid on behalf of employees for restricted shares	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$46.00K	USD	2 Qtrs
Proceeds from borrowings on line of credit	`ProceedsFromLinesOfCredit`	-	USD	2 Qtrs
Proceeds from borrowings on line of credit	`ProceedsFromLinesOfCredit`	$1.40M	USD	2 Qtrs
Payment of borrowings on line of credit	`RepaymentsOfLinesOfCredit`	$1.40M	USD	2 Qtrs
Payment of borrowings on line of credit	`RepaymentsOfLinesOfCredit`	-	USD	2 Qtrs
Net proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$95.00K	USD	2 Qtrs
Net proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$117.00K	USD	2 Qtrs
Payment of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$32.00K	USD	2 Qtrs
Payment of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$36.00K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-2.00K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$13.00K	USD	2 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-427.00K	USD	2 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$736.00K	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`	$6.70M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.96M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.56M	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`	$6.70M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.96M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.56M	USD	Point-in-time

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