$LNSR
LENSAR, Inc.

2024 Q2 Form 10-Q Financial Statement

#000095017024056837 Filed on May 09, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $12.64M $10.59M
YoY Change 5.19% 28.31%
Cost Of Revenue $5.823M $4.924M
YoY Change 10.89% 25.23%
Gross Profit $6.813M $5.664M
YoY Change 0.77% 31.11%
Gross Profit Margin 53.92% 53.49%
Selling, General & Admin $6.784M $6.796M
YoY Change -13.62% 0.61%
% of Gross Profit 99.57% 119.99%
Research & Development $1.348M $1.444M
YoY Change -10.07% -12.48%
% of Gross Profit 19.79% 25.49%
Depreciation & Amortization $898.0K $647.0K
YoY Change 5.03% 11.94%
% of Gross Profit 13.18% 11.42%
Operating Expenses $8.132M $8.240M
YoY Change -13.05% -1.96%
Operating Profit -$5.280M -$2.850M
YoY Change 84.16% -34.65%
Interest Expense $160.0K $198.0K
YoY Change 44.14% 122.47%
% of Operating Profit
Other Income/Expense, Net $160.0K $198.0K
YoY Change 44.14% 122.47%
Pretax Income -$9.043M -$2.157M
YoY Change 3.31% -49.51%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$9.043M -$2.157M
YoY Change 3.31% -49.51%
Net Earnings / Revenue -71.57% -20.37%
Basic Earnings Per Share -$0.79 -$0.19
Diluted Earnings Per Share -$0.79 -$0.19
COMMON SHARES
Basic Shares Outstanding 11.40M 11.40M
Diluted Shares Outstanding 11.45M 11.39M

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $14.21M $17.91M
YoY Change -44.19% 124.72%
Cash & Equivalents $8.287M $13.96M
Short-Term Investments $5.926M $3.952M
Other Short-Term Assets $1.853M $2.357M
YoY Change 105.2% 120.28%
Inventory $17.93M $17.82M
Prepaid Expenses
Receivables $5.893M $4.023M
Other Receivables $337.0K $329.0K
Total Short-Term Assets $40.23M $42.44M
YoY Change -18.17% 41.57%
LONG-TERM ASSETS
Property, Plant & Equipment $716.0K $747.0K
YoY Change 18.35% 43.65%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.234M $1.236M
YoY Change
Other Assets $1.965M $2.064M
YoY Change -20.64% -20.77%
Total Long-Term Assets $21.18M $23.70M
YoY Change -3.88% 7.79%
TOTAL ASSETS
Total Short-Term Assets $40.23M $42.44M
Total Long-Term Assets $21.18M $23.70M
Total Assets $61.41M $66.13M
YoY Change -13.75% 27.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.121M $4.120M
YoY Change -10.78% -16.31%
Accrued Expenses $4.262M $4.180M
YoY Change -1.37% 19.67%
Deferred Revenue $1.414M $1.582M
YoY Change 32.52% 53.29%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $10.37M $10.45M
YoY Change -1.8% 4.54%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $262.0K $537.0K
YoY Change -53.87% 49.17%
Total Long-Term Liabilities $262.0K $537.0K
YoY Change -53.87% 49.17%
TOTAL LIABILITIES
Total Short-Term Liabilities $10.37M $10.45M
Total Long-Term Liabilities $262.0K $537.0K
Total Liabilities $23.98M $20.55M
YoY Change -3.16% 64.11%
SHAREHOLDERS EQUITY
Retained Earnings -$123.1M -$114.0M
YoY Change 11.36% 12.05%
Common Stock $146.7M $145.9M
YoY Change 2.46% 3.3%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $23.65M $31.84M
YoY Change
Total Liabilities & Shareholders Equity $61.41M $66.13M
YoY Change -13.75% 27.28%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income -$9.043M -$2.157M
YoY Change 3.31% -49.51%
Depreciation, Depletion And Amortization $898.0K $647.0K
YoY Change 5.03% 11.94%
Cash From Operating Activities -$3.778M -$5.307M
YoY Change 76.21% -20.74%
INVESTING ACTIVITIES
Capital Expenditures $113.0K $20.00K
YoY Change -37.57% 150.0%
Acquisitions
YoY Change
Other Investing Activities -$1.909M -$1.206M
YoY Change
Cash From Investing Activities -$2.022M -$1.226M
YoY Change 1017.13% 15225.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 129.0K -130.0K
YoY Change -99.35%
NET CHANGE
Cash From Operating Activities -3.778M -5.307M
Cash From Investing Activities -2.022M -1.226M
Cash From Financing Activities 129.0K -130.0K
Net Change In Cash -5.671M -6.663M
YoY Change -132.41% -0.61%
FREE CASH FLOW
Cash From Operating Activities -$3.778M -$5.307M
Capital Expenditures $113.0K $20.00K
Free Cash Flow -$3.891M -$5.327M
YoY Change 67.35% -20.54%

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CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2024Q1 us-gaap Payments To Acquire Property Plant And Equipment
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CY2023Q1 us-gaap Payments To Acquire Property Plant And Equipment
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CY2024Q1 us-gaap Payments To Acquire Investments
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CY2024Q1 us-gaap Proceeds From Sale Maturity And Collections Of Investments
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CY2024Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1226000
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2024Q1 lnsr Payment Of Accrued Offering Costs Allocable To Preferred Stock
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52000
CY2024Q1 us-gaap Proceeds From Stock Options Exercised
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5000
CY2024Q1 lnsr Payment For Net Settlement Of Stock Based Compensation Awards
PaymentForNetSettlementOfStockBasedCompensationAwards
83000
CY2024Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-6663000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
20621000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
14674000
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
13958000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
7970000
CY2023Q1 us-gaap Income Taxes Paid Net
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CY2024Q1 us-gaap Interest Paid Net
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13000
CY2024Q1 lnsr Transfer From Inventories To Equipment Under Lease Net
TransferFromInventoriesToEquipmentUnderLeaseNet
858000
CY2023Q1 lnsr Transfer From Inventories To Equipment Under Lease Net
TransferFromInventoriesToEquipmentUnderLeaseNet
881000
CY2023Q1 lnsr Transfer From Inventories To Property And Equipment Net
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CY2024Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
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CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
33429000
CY2024Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
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5000
CY2024Q1 lnsr Stock Issued During Period Value Employee Benefit Plan Net Of Forfeitures
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-89000
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652000
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CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
31835000
CY2022Q4 us-gaap Stockholders Equity
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CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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1726000
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CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
39438000
CY2024Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-114048000
CY2024Q1 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-size:10pt;margin-top:18pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Accounting Estimates</span><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The preparation of condensed financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed financial statements and accompanying notes to the condensed financial statements. The accounting estimates that require management’s most significant, difficult and subjective judgments include, but are not limited to, revenue recognition and allowance for expected credit losses, the valuation of notes receivable and inventory, the assessment of recoverability of intangible assets and their estimated useful lives, the valuation and recognition of stock-based compensation, operating lease right-of-use assets and liabilities, the recognition and measurement of current and deferred income tax assets and liabilities, and the valuation of warrant liabilities. Management evaluates its estimates on an ongoing basis as there are changes in circumstances, facts, and experience. Changes in estimates are recorded in the period in which they become known. Actual results could differ from these estimates.</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">As of the date of issuance of these unaudited condensed interim financial statements, the Company is not aware of any specific event or circumstance that would require the Company to update estimates, judgments or revise the carrying value of any assets or liabilities.</span></p>
CY2024Q1 us-gaap Lease Income
LeaseIncome
1947000
CY2024Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
CY2024Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
8641000
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6623000
CY2023Q1 us-gaap Lease Income
LeaseIncome
1629000
CY2024Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
4023000
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
4001000
CY2024Q1 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
329000
CY2023Q4 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
323000
CY2024Q1 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
1582000
CY2023Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
1349000
CY2024Q1 lnsr Accounts Receivables Payment Terms
AccountsReceivablesPaymentTerms
P30D
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
62000
CY2024Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
18000
CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
0
CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
44000
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
56000
CY2023Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
13000
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
0
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
43000
CY2024Q1 us-gaap Financing Receivable Change In Present Value Interest Income
FinancingReceivableChangeInPresentValueInterestIncome
29000
CY2023Q1 us-gaap Financing Receivable Change In Present Value Interest Income
FinancingReceivableChangeInPresentValueInterestIncome
12000
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Losses
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33000
CY2024Q1 us-gaap Provision For Loan Losses Expensed
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CY2024Q1 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
0
CY2024Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
31000
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
13000
CY2023Q1 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
7000
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
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CY2023Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
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CY2024Q1 lnsr Contract With Customer Asset Recognised
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488000
CY2024Q1 us-gaap Contract With Customer Asset Reclassified To Receivable
ContractWithCustomerAssetReclassifiedToReceivable
635000
CY2024Q1 lnsr Contract With Customer Asset Write Off Due To Contract Modification
ContractWithCustomerAssetWriteOffDueToContractModification
50000
CY2024Q1 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
785000
CY2022Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
332000
CY2023Q1 lnsr Contract With Customer Asset Recognised
ContractWithCustomerAssetRecognised
117000
CY2023Q1 us-gaap Contract With Customer Asset Reclassified To Receivable
ContractWithCustomerAssetReclassifiedToReceivable
45000
CY2023Q1 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
404000
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1919000
CY2024Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
776000
CY2024Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
578000
CY2024Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
2117000
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
935000
CY2023Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
823000
CY2023Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
367000
CY2023Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1391000
CY2024Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
23005000
CY2024Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
6721000
CY2024Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
6287000
CY2024Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
4400000
CY2024Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
3430000
CY2024Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
2010000
CY2024Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
157000
CY2024Q1 us-gaap Assets Fair Value Disclosure
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15303000
CY2024Q1 lnsr Warrant Derivative Liabilities
WarrantDerivativeLiabilities
7962000
CY2024Q1 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
7962000
CY2023Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
18096000
CY2023Q4 lnsr Warrant Derivative Liabilities
WarrantDerivativeLiabilities
8457000
CY2023Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
8457000
CY2023Q1 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
0
CY2023Q1 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
0
CY2024Q1 lnsr Fair Value Transfers Between Levels
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0
CY2024Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
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CY2023Q4 us-gaap Inventory Finished Goods
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CY2024Q1 us-gaap Inventory Work In Process
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2436000
CY2023Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
2395000
CY2024Q1 us-gaap Inventory Raw Materials
InventoryRawMaterials
9383000
CY2023Q4 us-gaap Inventory Raw Materials
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8358000
CY2024Q1 us-gaap Inventory Net
InventoryNet
17816000
CY2023Q4 us-gaap Inventory Net
InventoryNet
15689000
CY2024Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
1947000
CY2023Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
1629000
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18762000
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FiniteLivedIntangibleAssetsAccumulatedAmortization
8011000
CY2024Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
10751000
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18762000
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FiniteLivedIntangibleAssetsAccumulatedAmortization
7737000
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
11025000
CY2024Q1 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
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CY2024Q1 us-gaap Amortization Of Intangible Assets
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274000
CY2023Q1 us-gaap Amortization Of Intangible Assets
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276000
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
812000
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
1074000
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1215000
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
1008000
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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1003000
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
4415000
CY2024Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
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CY2024Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
2477000
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
3974000
CY2024Q1 us-gaap Accrued Professional Fees Current
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682000
CY2023Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
419000
CY2024Q1 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
269000
CY2023Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
324000
CY2024Q1 lnsr Accrued Offering Costs
AccruedOfferingCosts
115000
CY2023Q4 lnsr Accrued Offering Costs
AccruedOfferingCosts
188000
CY2024Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
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CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
812000
CY2024Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
4180000
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
5717000
CY2023Q2 lnsr Stock And Warrants Issued During Period Shares Common Stock And Warrants
StockAndWarrantsIssuedDuringPeriodSharesCommonStockAndWarrants
4367000
CY2024Q1 lnsr Warrant Liability Percentage Of Floor Rate On Volatility Input
WarrantLiabilityPercentageOfFloorRateOnVolatilityInput
1
CY2024Q1 us-gaap Proceeds From Issuance Of Preferred Stock Preference Stock And Warrants
ProceedsFromIssuanceOfPreferredStockPreferenceStockAndWarrants
20000000
CY2024Q1 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
5605000
CY2024Q1 us-gaap Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
14395000
CY2024Q1 lnsr Fair Value Of Warrant Liabilities Assumptions Risk Free Interest Rate
FairValueOfWarrantLiabilitiesAssumptionsRiskFreeInterestRate
0.043
CY2023 lnsr Fair Value Of Warrant Liabilities Assumptions Risk Free Interest Rate
FairValueOfWarrantLiabilitiesAssumptionsRiskFreeInterestRate
0.038
CY2024Q1 lnsr Fair Value Of Warrant Liabilities Assumptions Expected Term
FairValueOfWarrantLiabilitiesAssumptionsExpectedTerm
P4Y1M6D
CY2023 lnsr Fair Value Of Warrant Liabilities Assumptions Expected Term
FairValueOfWarrantLiabilitiesAssumptionsExpectedTerm
P4Y4M24D
CY2024Q1 lnsr Fair Value Of Warrant Liabilities Assumptions Expected Volatility
FairValueOfWarrantLiabilitiesAssumptionsExpectedVolatility
0.55
CY2023 lnsr Fair Value Of Warrant Liabilities Assumptions Expected Volatility
FairValueOfWarrantLiabilitiesAssumptionsExpectedVolatility
0.55
CY2024Q1 lnsr Fair Value Of Warrant Liabilities Assumptions Dividends
FairValueOfWarrantLiabilitiesAssumptionsDividends
0
CY2023 lnsr Fair Value Of Warrant Liabilities Assumptions Dividends
FairValueOfWarrantLiabilitiesAssumptionsDividends
0
CY2024Q1 lnsr Additional Royalty Payments Percentage
AdditionalRoyaltyPaymentsPercentage
0.03
CY2024Q1 lnsr Reduction Of Selling General And Administrative Expenses
ReductionOfSellingGeneralAndAdministrativeExpenses
1368000
CY2024Q1 lnsr Employee Retention Credit Cares Act Retention Amount Recognized
EmployeeRetentionCreditCaresActRetentionAmountRecognized
0
CY2023Q1 lnsr Employee Retention Credit Cares Act Retention Amount Recognized
EmployeeRetentionCreditCaresActRetentionAmountRecognized
0
CY2024Q1 lnsr Offering Costs
OfferingCosts
901000
CY2024Q1 us-gaap Common Stock Voting Rights
CommonStockVotingRights
The Company has a single class of common stock in which stockholders are entitled to one vote for each share of common stock
CY2024Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
0
CY2023Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
0
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
2.38
CY2024Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
540
CY2024Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
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2006000
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P2Y
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
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CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
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CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
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CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.042
CY2024Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y
CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.58
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.70
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2024Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
652000
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1726000
CY2024Q1 lnsr Employee Service Share Based Compensation Non Vested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options Future Amortization Remainder Of Fiscal Year
EmployeeServiceShareBasedCompensationNonVestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptionsFutureAmortizationRemainderOfFiscalYear
1414000
CY2024Q1 lnsr Employee Service Share Based Compensation Non Vested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options Future Amortization Next Twelve Months
EmployeeServiceShareBasedCompensationNonVestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptionsFutureAmortizationNextTwelveMonths
1000000
CY2024Q1 lnsr Employee Service Share Based Compensation Non Vested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options Future Amortization Year Two
EmployeeServiceShareBasedCompensationNonVestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptionsFutureAmortizationYearTwo
222000
CY2024Q1 lnsr Employee Service Share Based Compensation Non Vested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options Future Amortization Year Three
EmployeeServiceShareBasedCompensationNonVestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptionsFutureAmortizationYearThree
26000
CY2024Q1 lnsr Employee Service Share Based Compensation Non Vested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options Future Amortization
EmployeeServiceShareBasedCompensationNonVestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptionsFutureAmortization
2662000
CY2024Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-2157000
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-4272000
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11387000
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11387000
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10716000
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10716000
CY2024Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.19
CY2024Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.19
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.4
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.4
CY2024Q1 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q1 lnsr Rule10 B51 Arr Modified Flag
Rule10B51ArrModifiedFlag
false
CY2024Q1 lnsr Non Rule10 B51 Arr Modified Flag
NonRule10B51ArrModifiedFlag
false

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0000950170-24-056837-index.html Edgar Link pending
0000950170-24-056837.txt Edgar Link pending
0000950170-24-056837-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
lnsr-20240331.htm Edgar Link pending
lnsr-20240331.xsd Edgar Link pending
lnsr-ex10_1.htm Edgar Link pending
lnsr-ex10_2.htm Edgar Link pending
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lnsr-20240331_htm.xml Edgar Link completed
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