10-K Filing

LANTRONIX INC CIK: 1114925 FY 2018

Filing Information

Form Type	10-K
Accession Number	`0001683168-18-002477`
Period End Date	20180630
Filing Date	20180823
Fiscal Year	2018
Fiscal Period	FY
XBRL Instance	ltrx-20170630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 32 Cash Flow Statement 50 Stockholders Equity 14

Balance Sheet 73 line items

Line Item	Tag	Value	Unit	Period
Allowance for Receivables	`AllowanceForDoubtfulAccountsReceivableCurrent`	$168.00K	USD	Point-in-time
Allowance for Receivables	`AllowanceForDoubtfulAccountsReceivableCurrent`	$55.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.57M	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 of allowance for doubtful accounts of $168 and $55 at June 30, 2018 and 2017, respectively)	`AccountsReceivableNetCurrent`	$4.24M	USD	Point-in-time
Preferred Stock par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred Stock par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable (net of allowance for doubtful accounts of $168 and $55 at June 30, 2018 and 2017, respectively)	`AccountsReceivableNetCurrent`	$3.43M	USD	Point-in-time
Inventories, net	`InventoryNet`	$8.44M	USD	Point-in-time
Inventories, net	`InventoryNet`	$6.96M	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`	$649.00K	USD	Point-in-time
Contract manufacturers' receivable	`NontradeReceivables`	$476.00K	USD	Point-in-time
Preferred Stock Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred Stock Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$440.00K	USD	Point-in-time
Preferred Stock Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$370.00K	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`	$19.38M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$23.27M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.04M	USD	Point-in-time
Common Stock Authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common Stock Authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.22M	USD	Point-in-time
Common Stock Issued	`CommonStockSharesIssued`	17.81M	shares	Point-in-time
Goodwill	`Goodwill`	$9.49M	USD	Point-in-time
Common Stock Issued	`CommonStockSharesIssued`	18.91M	shares	Point-in-time
Goodwill	`Goodwill`	$9.49M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$61.00K	USD	Point-in-time
Common Stock Outstanding	`CommonStockSharesOutstanding`	17.81M	shares	Point-in-time
Common Stock Outstanding	`CommonStockSharesOutstanding`	18.91M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$46.00K	USD	Point-in-time
Total assets	`Assets`	$30.13M	USD	Point-in-time
Total assets	`Assets`	$33.85M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.72M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.94M	USD	Point-in-time
Accrued payroll and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$3.08M	USD	Point-in-time
Accrued payroll and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$2.81M	USD	Point-in-time
Warranty reserve	`ProductWarrantyAccrualClassifiedCurrent`	$125.00K	USD	Point-in-time
Warranty reserve	`ProductWarrantyAccrualClassifiedCurrent`	$138.00K	USD	Point-in-time
Warranty reserve	`ProductWarrantyAccrualClassifiedCurrent`	$99.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$3.06M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$2.88M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.73M	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`	$4.00K	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$312.00K	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$396.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$10.04M	USD	Point-in-time
Total liabilities	`Liabilities`	$9.44M	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; 18,908,196 and 17,808,696 shares issued and outstanding at June 30, 2018 and 2017, respectively	`CommonStockValue`	$2.00K	USD	Point-in-time
Common stock, $0.0001 par value; 100,000,000 shares authorized; 18,908,196 and 17,808,696 shares issued and outstanding at June 30, 2018 and 2017, respectively	`CommonStockValue`	$2.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$213.00M	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`	$-189.56M	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`	$23.81M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$19.72M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$20.69M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$33.85M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$30.13M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net revenue	`Revenues`	$44.73M	USD	Annual
Net revenue	`Revenues`	$45.58M	USD	Annual
Cost of revenue	`CostOfRevenue`	$21.15M	USD	Annual
Cost of revenue	`CostOfRevenue`	$20.21M	USD	Annual
Gross profit	`GrossProfit`	$23.58M	USD	Annual
Gross profit	`GrossProfit`	$25.37M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$15.80M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$16.50M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$8.06M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$7.96M	USD	Annual
Total operating expenses	`OperatingExpenses`	$23.76M	USD	Annual
Total operating expenses	`OperatingExpenses`	$24.56M	USD	Annual
Income (loss) from operations	`OperatingIncomeLoss`	$-183.00K	USD	Annual
Income (loss) from operations	`OperatingIncomeLoss`	$804.00K	USD	Annual
Interest expense, net	`InterestExpense`	$23.00K	USD	Annual
Interest expense, net	`InterestExpense`	$18.00K	USD	Annual
Other expense, net	`OtherNonoperatingIncomeExpense`	$-3.00K	USD	Annual
Other expense, net	`OtherNonoperatingIncomeExpense`	$-8.00K	USD	Annual
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$778.00K	USD	Annual
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-209.00K	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$98.00K	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$68.00K	USD	Annual
Net income (loss) and comprehensive income (loss)	`NetIncomeLoss`	$680.00K	USD	Annual
Net income (loss) and comprehensive income (loss)	`NetIncomeLoss`	$-277.00K	USD	Annual
Net income (loss) per share (basic)	`EarningsPerShareBasic`	$0.04	USD	Annual
Net income (loss) per share (basic)	`EarningsPerShareBasic`	$-0.02	USD	Annual
Net income (loss) per share (diluted)	`EarningsPerShareDiluted`	$0.04	USD	Annual
Net income (loss) per share (diluted)	`EarningsPerShareDiluted`	$-0.02	USD	Annual
Weighted-average common shares (basic)	`WeightedAverageNumberOfSharesOutstandingBasic`	18.17M	shares	Annual
Weighted-average common shares (basic)	`WeightedAverageNumberOfSharesOutstandingBasic`	17.45M	shares	Annual
Weighted-average common shares (diluted)	`WeightedAverageNumberOfDilutedSharesOutstanding`	17.45M	shares	Annual
Weighted-average common shares (diluted)	`WeightedAverageNumberOfDilutedSharesOutstanding`	19.16M	shares	Annual

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$680.00K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-277.00K	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$912.00K	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$1.17M	USD	Annual
Depreciation and amortization	`Depreciation`	$442.00K	USD	Annual
Depreciation and amortization	`Depreciation`	$594.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$812.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$268.00K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$1.48M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$375.00K	USD	Annual
Contract manufacturers' receivable	`IncreaseDecreaseNontradeReceivables`	$107.00K	USD	Annual
Contract manufacturers' receivable	`IncreaseDecreaseNontradeReceivables`	$173.00K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-140.00K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-70.00K	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-13.00K	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$23.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-7.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.20M	USD	Annual
Accrued payroll and related expenses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$1.27M	USD	Annual
Accrued payroll and related expenses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-276.00K	USD	Annual
Warranty reserve	`ProductWarrantyAccrualPeriodIncreaseDecrease`	$-13.00K	USD	Annual
Warranty reserve	`ProductWarrantyAccrualPeriodIncreaseDecrease`	$-26.00K	USD	Annual
Other liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$193.00K	USD	Annual
Other liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-264.00K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$509.00K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.07M	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$229.00K	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$236.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-229.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-236.00K	USD	Annual
Tax withholding paid on behalf of employees for restricted shares	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$213.00K	USD	Annual
Tax withholding paid on behalf of employees for restricted shares	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$194.00K	USD	Annual
Net proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$529.00K	USD	Annual
Net proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$1.49M	USD	Annual
Payment of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$60.00K	USD	Annual
Payment of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$61.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.22M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$275.00K	USD	Annual
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.11M	USD	Annual
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.50M	USD	Annual
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$9.57M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$5.96M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$8.07M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$9.57M	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`	$8.07M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$23.00K	USD	Annual
Interest paid	`InterestPaidNet`	$18.00K	USD	Annual
Income taxes paid	`IncomeTaxesPaid`	$87.00K	USD	Annual
Income taxes paid	`IncomeTaxesPaid`	$73.00K	USD	Annual

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$23.81M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$19.72M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$20.69M	USD	Point-in-time
Shares issued pursuant to stock awards, net value	`StockIssuedDuringPeriodValueNewIssues`	$529.00K	USD	Annual
Shares issued pursuant to stock awards, net value	`StockIssuedDuringPeriodValueNewIssues`	$1.49M	USD	Annual
Tax withholding paid on behalf of employees for restricted shares	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$194.00K	USD	Annual
Tax withholding paid on behalf of employees for restricted shares	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$213.00K	USD	Annual
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.17M	USD	Annual
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$912.00K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$680.00K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-277.00K	USD	Annual
Ending balance, value	`StockholdersEquity`	$23.81M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$19.72M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$20.69M	USD	Point-in-time

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