10-Q Filing

LANTRONIX INC CIK: 1114925 Q3 2018

Filing Information

Form Type	10-Q
Accession Number	`0001683168-18-001099`
Period End Date	20180331
Filing Date	20180427
Fiscal Year	2018
Fiscal Period	Q3
XBRL Instance	ltrx-20180331.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`	$5.96M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.07M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.39M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.96M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$3.83M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$3.43M	USD	Point-in-time
Inventories, net	`InventoryNet`	$7.38M	USD	Point-in-time
Inventories, net	`InventoryNet`	$6.96M	USD	Point-in-time
Contract manufacturers' receivable	`NontradeReceivables`	$476.00K	USD	Point-in-time
Contract manufacturers' receivable	`NontradeReceivables`	$721.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$508.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$440.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$21.40M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$19.38M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.22M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.06M	USD	Point-in-time
Goodwill	`Goodwill`	$9.49M	USD	Point-in-time
Goodwill	`Goodwill`	$9.49M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$73.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$46.00K	USD	Point-in-time
Total assets	`Assets`	$32.02M	USD	Point-in-time
Total assets	`Assets`	$30.13M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.72M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.17M	USD	Point-in-time
Accrued payroll and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$3.08M	USD	Point-in-time
Accrued payroll and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$2.12M	USD	Point-in-time
Warranty reserve	`ProductWarrantyAccrualClassifiedCurrent`	$138.00K	USD	Point-in-time
Warranty reserve	`ProductWarrantyAccrualClassifiedCurrent`	$113.00K	USD	Point-in-time
Warranty reserve	`ProductWarrantyAccrualClassifiedCurrent`	$125.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$3.41M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$3.06M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.99M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.82M	USD	Point-in-time
Long-term capital lease obligations	`CapitalLeaseObligationsNoncurrent`	$11.00K	USD	Point-in-time
Long-term capital lease obligations	`CapitalLeaseObligationsNoncurrent`	$59.00K	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$396.00K	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$321.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$10.15M	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`	$210.55M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$211.80M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-190.24M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-190.31M	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`	$21.87M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$32.02M	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`	$11.60M	USD	1 Quarter
Net revenue	`SalesRevenueNet`	$33.69M	USD	3 Qtrs
Net revenue	`SalesRevenueNet`	$11.52M	USD	1 Quarter
Net revenue	`SalesRevenueNet`	$33.54M	USD	3 Qtrs
Cost of revenue	`CostOfRevenue`	$5.13M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$15.05M	USD	3 Qtrs
Cost of revenue	`CostOfRevenue`	$15.78M	USD	3 Qtrs
Cost of revenue	`CostOfRevenue`	$5.02M	USD	1 Quarter
Gross profit	`GrossProfit`	$17.91M	USD	3 Qtrs
Gross profit	`GrossProfit`	$6.40M	USD	1 Quarter
Gross profit	`GrossProfit`	$18.49M	USD	3 Qtrs
Gross profit	`GrossProfit`	$6.58M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$12.40M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$4.41M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$4.24M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$12.13M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$6.06M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$5.94M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.96M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$2.13M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$18.07M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$18.46M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$6.54M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$6.21M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$33.00K	USD	3 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$379.00K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-163.00K	USD	3 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$-142.00K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$5.00K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$5.00K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$18.00K	USD	3 Qtrs
Interest expense, net	`InterestExpense`	$14.00K	USD	3 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$3.00K	USD	3 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-1.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$1.00K	USD	3 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$2.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$373.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$20.00K	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-145.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-178.00K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$92.00K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$17.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$47.00K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$29.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-72.00K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-162.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-225.00K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$344.00K	USD	1 Quarter
Net income (loss) per share (basic)	`EarningsPerShareBasic`	$0.02	USD	1 Quarter
Net income (loss) per share (basic)	`EarningsPerShareBasic`	-	USD	3 Qtrs
Net income (loss) per share (basic)	`EarningsPerShareBasic`	$-0.01	USD	3 Qtrs
Net income (loss) per share (basic)	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Net income (loss) per share (diluted)	`EarningsPerShareDiluted`	$-0.01	USD	3 Qtrs
Net income (loss) per share (diluted)	`EarningsPerShareDiluted`	$-0.01	USD	1 Quarter
Net income (loss) per share (diluted)	`EarningsPerShareDiluted`	$0.02	USD	1 Quarter
Net income (loss) per share (diluted)	`EarningsPerShareDiluted`	-	USD	3 Qtrs
Weighted-average common shares (basic)	`WeightedAverageNumberOfSharesOutstandingBasic`	17.52M	shares	1 Quarter
Weighted-average common shares (basic)	`WeightedAverageNumberOfSharesOutstandingBasic`	18.05M	shares	3 Qtrs
Weighted-average common shares (basic)	`WeightedAverageNumberOfSharesOutstandingBasic`	18.21M	shares	1 Quarter
Weighted-average common shares (basic)	`WeightedAverageNumberOfSharesOutstandingBasic`	17.37M	shares	3 Qtrs
Weighted-average common shares (diluted)	`WeightedAverageNumberOfDilutedSharesOutstanding`	19.12M	shares	1 Quarter
Weighted-average common shares (diluted)	`WeightedAverageNumberOfDilutedSharesOutstanding`	17.52M	shares	1 Quarter
Weighted-average common shares (diluted)	`WeightedAverageNumberOfDilutedSharesOutstanding`	18.05M	shares	3 Qtrs
Weighted-average common shares (diluted)	`WeightedAverageNumberOfDilutedSharesOutstanding`	17.37M	shares	3 Qtrs

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-72.00K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-162.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-225.00K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$344.00K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$224.00K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$295.00K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$645.00K	USD	3 Qtrs
Share-based compensation	`ShareBasedCompensation`	$877.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$455.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$336.00K	USD	3 Qtrs
Provision for excess and obsolete inventories	`InventoryWriteDown`	$162.00K	USD	3 Qtrs
Provision for excess and obsolete inventories	`InventoryWriteDown`	$74.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-337.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$402.00K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$581.00K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$1.15M	USD	3 Qtrs
Contract manufacturers' receivable	`IncreaseDecreaseNontradeReceivables`	$245.00K	USD	3 Qtrs
Contract manufacturers' receivable	`IncreaseDecreaseNontradeReceivables`	$-55.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-44.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$68.00K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$32.00K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-11.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.46M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-19.00K	USD	3 Qtrs
Accrued payroll and related expenses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-959.00K	USD	3 Qtrs
Accrued payroll and related expenses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$806.00K	USD	3 Qtrs
Warranty reserve	`ProductWarrantyAccrualPeriodIncreaseDecrease`	$-22.00K	USD	3 Qtrs
Warranty reserve	`ProductWarrantyAccrualPeriodIncreaseDecrease`	$-12.00K	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$457.00K	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$265.00K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$725.00K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.46M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$171.00K	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$144.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-171.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-144.00K	USD	3 Qtrs
Tax withholding paid on behalf of employees for restricted shares	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$145.00K	USD	3 Qtrs
Tax withholding paid on behalf of employees for restricted shares	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$144.00K	USD	3 Qtrs
Net proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$300.00K	USD	3 Qtrs
Net proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$518.00K	USD	3 Qtrs
Payment of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$49.00K	USD	3 Qtrs
Payment of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$45.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$107.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$328.00K	USD	3 Qtrs
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.43M	USD	3 Qtrs
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$882.00K	USD	3 Qtrs
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 beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.39M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.96M	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
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$7.39M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$8.96M	USD	Point-in-time

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