10-Q Filing

LANTRONIX INC CIK: 1114925 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001683168-18-000229`
Period End Date	20171231
Filing Date	20180126
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	ltrx-20171231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 53 Income Statement 64 Cash Flow Statement 54

Balance Sheet 53 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.42M	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`	$8.07M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$3.43M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$3.96M	USD	Point-in-time
Inventories, net	`InventoryNet`	$7.06M	USD	Point-in-time
Inventories, net	`InventoryNet`	$6.96M	USD	Point-in-time
Contract manufacturers' receivable	`NontradeReceivables`	$539.00K	USD	Point-in-time
Contract manufacturers' receivable	`NontradeReceivables`	$476.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$440.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$478.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$19.38M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$20.46M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.22M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.11M	USD	Point-in-time
Goodwill	`Goodwill`	$9.49M	USD	Point-in-time
Goodwill	`Goodwill`	$9.49M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$45.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$46.00K	USD	Point-in-time
Total assets	`Assets`	$30.13M	USD	Point-in-time
Total assets	`Assets`	$31.11M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.01M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.72M	USD	Point-in-time
Accrued payroll and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$2.66M	USD	Point-in-time
Accrued payroll and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$3.08M	USD	Point-in-time
Warranty reserve	`ProductWarrantyAccrualClassifiedCurrent`	$125.00K	USD	Point-in-time
Warranty reserve	`ProductWarrantyAccrualClassifiedCurrent`	$121.00K	USD	Point-in-time
Warranty reserve	`ProductWarrantyAccrualClassifiedCurrent`	$138.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$2.71M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$3.06M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.51M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.99M	USD	Point-in-time
Long-term capital lease obligations	`CapitalLeaseObligationsNoncurrent`	$59.00K	USD	Point-in-time
Long-term capital lease obligations	`CapitalLeaseObligationsNoncurrent`	$28.00K	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$396.00K	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$355.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$9.89M	USD	Point-in-time
Total liabilities	`Liabilities`	$9.44M	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`	$211.50M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$210.55M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-190.24M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-190.65M	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`	$20.69M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$21.22M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$31.11M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$30.13M	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net revenue	`SalesRevenueNet`	$11.22M	USD	1 Quarter
Net revenue	`SalesRevenueNet`	$11.34M	USD	1 Quarter
Net revenue	`SalesRevenueNet`	$22.16M	USD	2 Qtrs
Net revenue	`SalesRevenueNet`	$21.94M	USD	2 Qtrs
Cost of revenue	`CostOfRevenue`	$10.03M	USD	2 Qtrs
Cost of revenue	`CostOfRevenue`	$5.02M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$5.41M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$10.65M	USD	2 Qtrs
Gross profit	`GrossProfit`	$5.81M	USD	1 Quarter
Gross profit	`GrossProfit`	$11.91M	USD	2 Qtrs
Gross profit	`GrossProfit`	$11.51M	USD	2 Qtrs
Gross profit	`GrossProfit`	$6.31M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.87M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$8.16M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$7.71M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$4.17M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.87M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$4.09M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.87M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$3.82M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$5.75M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$6.05M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$11.53M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$12.25M	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$66.00K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-346.00K	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$-21.00K	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$267.00K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$13.00K	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$6.00K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$9.00K	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$5.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$4.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$1.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$1.00K	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$2.00K	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$263.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$64.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-33.00K	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-353.00K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$23.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$38.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$30.00K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$63.00K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$225.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$41.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-63.00K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-416.00K	USD	2 Qtrs
Net income (loss) per share (basic)	`EarningsPerShareBasic`	-	USD	2 Qtrs
Net income (loss) per share (basic)	`EarningsPerShareBasic`	-	USD	1 Quarter
Net income (loss) per share (basic)	`EarningsPerShareBasic`	$0.01	USD	1 Quarter
Net income (loss) per share (basic)	`EarningsPerShareBasic`	$-0.02	USD	2 Qtrs
Net income (loss) per share (diluted)	`EarningsPerShareDiluted`	$0.01	USD	1 Quarter
Net income (loss) per share (diluted)	`EarningsPerShareDiluted`	-	USD	1 Quarter
Net income (loss) per share (diluted)	`EarningsPerShareDiluted`	-	USD	2 Qtrs
Net income (loss) per share (diluted)	`EarningsPerShareDiluted`	$-0.02	USD	2 Qtrs
Weighted-average common shares (basic)	`WeightedAverageNumberOfSharesOutstandingBasic`	17.35M	shares	1 Quarter
Weighted-average common shares (basic)	`WeightedAverageNumberOfSharesOutstandingBasic`	18.07M	shares	1 Quarter
Weighted-average common shares (basic)	`WeightedAverageNumberOfSharesOutstandingBasic`	17.97M	shares	2 Qtrs
Weighted-average common shares (basic)	`WeightedAverageNumberOfSharesOutstandingBasic`	17.30M	shares	2 Qtrs
Weighted-average common shares (diluted)	`WeightedAverageNumberOfDilutedSharesOutstanding`	17.30M	shares	2 Qtrs
Weighted-average common shares (diluted)	`WeightedAverageNumberOfDilutedSharesOutstanding`	17.70M	shares	1 Quarter
Weighted-average common shares (diluted)	`WeightedAverageNumberOfDilutedSharesOutstanding`	17.97M	shares	2 Qtrs
Weighted-average common shares (diluted)	`WeightedAverageNumberOfDilutedSharesOutstanding`	18.74M	shares	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$225.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$41.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-63.00K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-416.00K	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$582.00K	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$421.00K	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$220.00K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$310.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$304.00K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$226.00K	USD	2 Qtrs
Provision for excess and obsolete inventories	`InventoryWriteDown`	$121.00K	USD	2 Qtrs
Provision for excess and obsolete inventories	`InventoryWriteDown`	$53.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-298.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$530.00K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$223.00K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$1.08M	USD	2 Qtrs
Contract manufacturers' receivable	`IncreaseDecreaseNontradeReceivables`	$-3.00K	USD	2 Qtrs
Contract manufacturers' receivable	`IncreaseDecreaseNontradeReceivables`	$63.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-14.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$38.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	-	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-14.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-477.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.25M	USD	2 Qtrs
Accrued payroll and related expenses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-420.00K	USD	2 Qtrs
Accrued payroll and related expenses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$1.02M	USD	2 Qtrs
Warranty reserve	`ProductWarrantyAccrualPeriodIncreaseDecrease`	$-4.00K	USD	2 Qtrs
Warranty reserve	`ProductWarrantyAccrualPeriodIncreaseDecrease`	$15.00K	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-398.00K	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$322.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$837.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$89.00K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$76.00K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$99.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-76.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-99.00K	USD	2 Qtrs
Tax withholding paid on behalf of employees for restricted shares	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$87.00K	USD	2 Qtrs
Tax withholding paid on behalf of employees for restricted shares	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$88.00K	USD	2 Qtrs
Net proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$454.00K	USD	2 Qtrs
Net proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$117.00K	USD	2 Qtrs
Payment of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$29.00K	USD	2 Qtrs
Payment of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$32.00K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.00K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$337.00K	USD	2 Qtrs
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$350.00K	USD	2 Qtrs
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$736.00K	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.42M	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`	$8.07M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$8.42M	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`	$8.07M	USD	Point-in-time

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