10-Q Filing

LANTRONIX INC CIK: 1114925 Q2 2019

Filing Information

Form Type	10-Q
Accession Number	`0001683168-19-000188`
Period End Date	20181231
Filing Date	20190125
Fiscal Year	2019
Fiscal Period	Q2
XBRL Instance	ltrx-20181231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 51 Income Statement 64 Cash Flow Statement 50

Balance Sheet 51 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.57M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.07M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.42M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$19.37M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$6.13M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$4.24M	USD	Point-in-time
Inventories, net	`InventoryNet`	$8.44M	USD	Point-in-time
Inventories, net	`InventoryNet`	$9.35M	USD	Point-in-time
Contract manufacturers' receivable	`NontradeReceivables`	$649.00K	USD	Point-in-time
Contract manufacturers' receivable	`NontradeReceivables`	$419.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$370.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$752.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$23.27M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$36.02M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.18M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.04M	USD	Point-in-time
Goodwill	`Goodwill`	$9.49M	USD	Point-in-time
Goodwill	`Goodwill`	$9.49M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$55.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$61.00K	USD	Point-in-time
Total assets	`Assets`	$46.75M	USD	Point-in-time
Total assets	`Assets`	$33.85M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.32M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.94M	USD	Point-in-time
Accrued payroll and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$2.73M	USD	Point-in-time
Accrued payroll and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$2.81M	USD	Point-in-time
Warranty reserve	`ProductWarrantyAccrualClassifiedCurrent`	$106.00K	USD	Point-in-time
Warranty reserve	`ProductWarrantyAccrualClassifiedCurrent`	$125.00K	USD	Point-in-time
Warranty reserve	`ProductWarrantyAccrualClassifiedCurrent`	$99.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$3.33M	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`	$10.48M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$256.00K	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$316.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$10.73M	USD	Point-in-time
Total liabilities	`Liabilities`	$10.04M	USD	Point-in-time
Commitments and contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 8)	`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`	$224.42M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$213.00M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-188.78M	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`	$36.02M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$46.75M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$33.85M	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net revenue	`Revenues`	$21.94M	USD	2 Qtrs
Net revenue	`Revenues`	$24.39M	USD	2 Qtrs
Net revenue	`Revenues`	$12.11M	USD	1 Quarter
Net revenue	`Revenues`	$11.34M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$5.45M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$10.99M	USD	2 Qtrs
Cost of revenue	`CostOfRevenue`	$10.03M	USD	2 Qtrs
Cost of revenue	`CostOfRevenue`	$5.02M	USD	1 Quarter
Gross profit	`GrossProfit`	$11.91M	USD	2 Qtrs
Gross profit	`GrossProfit`	$6.66M	USD	1 Quarter
Gross profit	`GrossProfit`	$6.31M	USD	1 Quarter
Gross profit	`GrossProfit`	$13.40M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$4.16M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$8.63M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$8.16M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$4.17M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$4.58M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$2.28M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$4.09M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.87M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$6.44M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$6.05M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$12.25M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$13.21M	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$194.00K	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$223.00K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-346.00K	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$267.00K	USD	1 Quarter
Interest income (expense), net	`InterestIncomeExpenseNet`	$-9.00K	USD	2 Qtrs
Interest income (expense), net	`InterestIncomeExpenseNet`	$-5.00K	USD	1 Quarter
Interest income (expense), net	`InterestIncomeExpenseNet`	$56.00K	USD	2 Qtrs
Interest income (expense), net	`InterestIncomeExpenseNet`	$60.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$8.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$1.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$2.00K	USD	2 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-2.00K	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$263.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$248.00K	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$291.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-353.00K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$63.00K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$54.00K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$38.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$14.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$225.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-416.00K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$194.00K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$277.00K	USD	1 Quarter
Net income (loss) per share - basic	`EarningsPerShareBasic`	$0.01	USD	2 Qtrs
Net income (loss) per share - basic	`EarningsPerShareBasic`	$0.01	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`	$-0.02	USD	2 Qtrs
Net income (loss) per share - diluted	`EarningsPerShareDiluted`	$0.01	USD	1 Quarter
Net income (loss) per share - diluted	`EarningsPerShareDiluted`	$0.01	USD	2 Qtrs
Net income (loss) per share - diluted	`EarningsPerShareDiluted`	$0.01	USD	1 Quarter
Weighted-average common shares - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	22.09M	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`	20.72M	shares	2 Qtrs
Weighted-average common shares - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.26M	shares	2 Qtrs
Weighted-average common shares - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	23.44M	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 50 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$225.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-416.00K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$194.00K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$277.00K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$582.00K	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$310.00K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$451.00K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$929.00K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$226.00K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$219.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$530.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$713.00K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$102.00K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$1.38M	USD	2 Qtrs
Contract manufacturers' receivable	`IncreaseDecreaseNontradeReceivables`	$63.00K	USD	2 Qtrs
Contract manufacturers' receivable	`IncreaseDecreaseNontradeReceivables`	$-230.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$38.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$289.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$369.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.25M	USD	2 Qtrs
Accrued payroll and related expenses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-77.00K	USD	2 Qtrs
Accrued payroll and related expenses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-420.00K	USD	2 Qtrs
Warranty reserve	`ProductWarrantyAccrualPeriodIncreaseDecrease`	$-4.00K	USD	2 Qtrs
Warranty reserve	`ProductWarrantyAccrualPeriodIncreaseDecrease`	$7.00K	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-398.00K	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$193.00K	USD	2 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$89.00K	USD	2 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-313.00K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$76.00K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$355.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-76.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-355.00K	USD	2 Qtrs
Net proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$10.67M	USD	2 Qtrs
Net proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$454.00K	USD	2 Qtrs
Tax withholding paid on behalf of employees for restricted shares	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$169.00K	USD	2 Qtrs
Tax withholding paid on behalf of employees for restricted shares	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$88.00K	USD	2 Qtrs
Payment of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$31.00K	USD	2 Qtrs
Payment of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$29.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$10.47M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$337.00K	USD	2 Qtrs
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$9.80M	USD	2 Qtrs
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$350.00K	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.57M	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`	$8.42M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$19.37M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$9.57M	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`	$8.42M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$19.37M	USD	Point-in-time

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