$LPTH
LIGHTPATH TECHNOLOGIES INC Stock $lpth

$lpth Overview Financials Valuation SEC Filings Company Website

2021 Q3 Form 10-Q Financial Statement

#000165495421011877 Filed on November 10, 2021

Income Statement

Concept	2021 Q3	2020 Q3
Revenue	$9.103M	$9.509M
YoY Change	-4.27%	25.95%
Cost Of Revenue	$5.931M	$5.659M
YoY Change	4.82%	9.67%
Gross Profit	$3.172M	$3.850M
YoY Change	-17.62%	61.1%
Gross Profit Margin	34.84%	40.49%
Selling, General & Admin	$2.869M	$2.440M
YoY Change	17.56%	4.29%
% of Gross Profit	90.45%	63.39%
Research & Development	$427.0K	$450.5K
YoY Change	-5.21%	4.77%
% of Gross Profit	13.46%	11.7%
Depreciation & Amortization	$911.0K	$826.3K
YoY Change	10.24%	-7.16%
% of Gross Profit	28.72%	21.46%
Operating Expenses	$3.577M	$3.172M
YoY Change	12.77%	4.01%
Operating Profit	-$405.4K	$678.0K
YoY Change	-159.79%	-202.73%
Interest Expense	-$71.75K	-$160.0K
YoY Change	-55.16%	-73.33%
% of Operating Profit		-23.6%
Other Income/Expense, Net	-$96.83K	-$146.3K
YoY Change	-33.81%	631.42%
Pretax Income	-$502.2K	$531.7K
YoY Change	-194.45%	-143.23%
Income Tax	$129.9K	$434.6K
% Of Pretax Income		81.74%
Net Earnings	-$632.1K	$97.07K
YoY Change	-751.19%	-107.03%
Net Earnings / Revenue	-6.94%	1.02%
Basic Earnings Per Share	-$0.02	$0.00
Diluted Earnings Per Share	-$0.02	$0.00
COMMON SHARES
Basic Shares Outstanding	26.99M shares
Diluted Shares Outstanding	26.99M shares	28.43M shares

Balance Sheet

Concept	2021 Q3	2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$3.977M	$5.400M
YoY Change	-26.35%	14.89%
Cash & Equivalents	$3.977M	$5.387M
Short-Term Investments
Other Short-Term Assets	$455.7K	$700.0K
YoY Change	-34.91%	16.67%
Inventory	$8.708M	$9.600M
Prepaid Expenses
Receivables	$5.928M	$6.300M
Other Receivables	$2.243K	$0.00
Total Short-Term Assets	$19.07M	$22.00M
YoY Change	-13.31%	17.02%
LONG-TERM ASSETS
Property, Plant & Equipment	$13.73M	$13.80M
YoY Change	-0.52%	6.15%
Goodwill	$5.855M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$27.74K	$700.0K
YoY Change	-96.04%	-22.22%
Total Long-Term Assets	$35.00M	$26.70M
YoY Change	31.1%	-2.2%
TOTAL ASSETS
Total Short-Term Assets	$19.07M	$22.00M
Total Long-Term Assets	$35.00M	$26.70M
Total Assets	$54.07M	$48.70M
YoY Change	11.04%	5.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$2.582M	$2.200M
YoY Change	17.35%	-15.38%
Accrued Expenses	$883.4K	$4.000M
YoY Change	-77.92%	17.65%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$866.7K	$1.200M
YoY Change	-27.78%	20.0%
Total Short-Term Liabilities	$7.765M	$7.500M
YoY Change	3.53%	7.14%
LONG-TERM LIABILITIES
Long-Term Debt	$4.129M	$4.500M
YoY Change	-8.24%	-16.67%
Other Long-Term Liabilities	$9.241M	$1.100M
YoY Change	740.07%	-21.43%
Total Long-Term Liabilities	$13.37M	$5.600M
YoY Change	138.75%	-17.65%
TOTAL LIABILITIES
Total Short-Term Liabilities	$7.765M	$7.500M
Total Long-Term Liabilities	$13.37M	$5.600M
Total Liabilities	$21.14M	$13.00M
YoY Change	62.58%	-6.47%
SHAREHOLDERS EQUITY
Retained Earnings	-$200.9M
YoY Change
Common Stock	$231.8M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$32.94M	$35.67M
YoY Change
Total Liabilities & Shareholders Equity	$54.07M	$48.70M
YoY Change	11.04%	5.64%

Cashflow Statement

Concept	2021 Q3	2020 Q3
OPERATING ACTIVITIES
Net Income	-$632.1K	$97.07K
YoY Change	-751.19%	-107.03%
Depreciation, Depletion And Amortization	$911.0K	$826.3K
YoY Change	10.24%	-7.16%
Cash From Operating Activities	-$1.618M	$662.4K
YoY Change	-344.2%	47.21%
INVESTING ACTIVITIES
Capital Expenditures	-$1.199M	-$1.220M
YoY Change	-1.72%	369.23%
Acquisitions
YoY Change
Other Investing Activities		$0.00
YoY Change		-100.0%
Cash From Investing Activities	-$1.199M	-$1.217M
YoY Change	-1.46%	479.44%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	$50.93K	-$175.7K
YoY Change	-128.98%	-26.78%
NET CHANGE
Cash From Operating Activities	-$1.618M	$662.4K
Cash From Investing Activities	-$1.199M	-$1.217M
Cash From Financing Activities	$50.93K	-$175.7K
Net Change In Cash	-$2.766M	-$730.1K
YoY Change	278.81%
FREE CASH FLOW
Cash From Operating Activities	-$1.618M	$662.4K
Capital Expenditures	-$1.199M	-$1.220M
Free Cash Flow	-$418.7K	$1.882M
YoY Change	-122.24%	165.13%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2021Q4	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	26994534	shares
CY2021Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	3976981	USD
CY2021Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	6774694	USD
CY2021Q3	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	33418	USD
CY2021Q2	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	45643	USD
CY2021Q3	us-gaap	Accounts Receivable Net AccountsReceivableNet	5927938	USD
CY2021Q2	us-gaap	Accounts Receivable Net AccountsReceivableNet	4656354	USD
CY2021Q3	us-gaap	Inventory Net InventoryNet	8708481	USD
CY2021Q2	us-gaap	Inventory Net InventoryNet	8659587	USD
CY2021Q3	us-gaap	Other Receivables Net Current OtherReceivablesNetCurrent	2243	USD
CY2021Q2	us-gaap	Other Receivables Net Current OtherReceivablesNetCurrent	137103	USD
CY2021Q3	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	455662	USD
CY2021Q2	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	475364	USD
CY2021Q3	us-gaap	Assets Current AssetsCurrent	19071305	USD
CY2021Q2	us-gaap	Assets Current AssetsCurrent	20703102	USD
CY2021Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	13727842	USD
CY2021Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	13279867	USD
CY2021Q3	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	9944236	USD
CY2021Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	9015498	USD
CY2021Q3	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	5301610	USD
CY2021Q2	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	5582881	USD
CY2021Q3	us-gaap	Goodwill Goodwill	5854905	USD
CY2021Q2	us-gaap	Goodwill Goodwill	5854905	USD
CY2021Q3	us-gaap	Deferred Tax Assets Liabilities Net Noncurrent DeferredTaxAssetsLiabilitiesNetNoncurrent	147000	USD
CY2021Q2	us-gaap	Deferred Tax Assets Liabilities Net Noncurrent DeferredTaxAssetsLiabilitiesNetNoncurrent	147000	USD
CY2021Q3	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	27737	USD
CY2021Q2	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	27737	USD
CY2021Q3	us-gaap	Assets Assets	54074635	USD
CY2021Q2	us-gaap	Assets Assets	54610990	USD
CY2021Q3	us-gaap	Accounts Payable Current AccountsPayableCurrent	2581594	USD
CY2021Q2	us-gaap	Accounts Payable Current AccountsPayableCurrent	2924333	USD
CY2021Q3	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	883377	USD
CY2021Q2	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	1067265	USD
CY2021Q3	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	2536977	USD
CY2021Q2	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	2810043	USD
CY2021Q3	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	896481	USD
CY2021Q2	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	799507	USD
CY2021Q3	us-gaap	Loans Payable Current LoansPayableCurrent	694305	USD
CY2021Q2	us-gaap	Loans Payable Current LoansPayableCurrent	634846	USD
CY2021Q3	us-gaap	Capital Lease Obligations Current CapitalLeaseObligationsCurrent	172382	USD
CY2021Q2	us-gaap	Capital Lease Obligations Current CapitalLeaseObligationsCurrent	212212	USD
CY2021Q3	us-gaap	Liabilities Current LiabilitiesCurrent	7765116	USD
CY2021Q2	us-gaap	Liabilities Current LiabilitiesCurrent	8448206	USD
CY2021Q3	lpth	Finance Lease Obligation Less Current Portion FinanceLeaseObligationLessCurrentPortion	32739	USD
CY2021Q2	lpth	Finance Lease Obligation Less Current Portion FinanceLeaseObligationLessCurrentPortion	66801	USD
CY2021Q3	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	9240725	USD
CY2021Q2	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	8461133	USD
CY2021Q3	lpth	Loans Payable Less Current Portion LoansPayableLessCurrentPortion	4096524	USD
CY2021Q2	lpth	Loans Payable Less Current Portion LoansPayableLessCurrentPortion	4057365	USD
CY2021Q3	us-gaap	Liabilities Liabilities	21135104	USD
CY2021Q2	us-gaap	Liabilities Liabilities	21033505	USD
CY2021Q3	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2021Q3	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	500000	shares
CY2021Q3	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2021Q2	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2021Q3	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2021Q3	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	44500000	shares
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CY2021Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	26985913	shares
CY2021Q3	us-gaap	Common Stock Value CommonStockValue	269945	USD
CY2021Q2	us-gaap	Common Stock Value CommonStockValue	269859	USD
CY2021Q3	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	231576882	USD
CY2021Q2	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	231438651	USD
CY2021Q3	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	1971978	USD
CY2021Q2	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	2116152	USD
CY2021Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-200879274	USD
CY2021Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-200247177	USD
CY2021Q3	us-gaap	Stockholders Equity StockholdersEquity	32939531	USD
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CY2021Q3	us-gaap	Cost Of Revenue CostOfRevenue	5931408	USD
CY2020Q3	us-gaap	Cost Of Revenue CostOfRevenue	5658780	USD
CY2021Q3	us-gaap	Gross Profit GrossProfit	3171935	USD
CY2020Q3	us-gaap	Gross Profit GrossProfit	3850192	USD
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CY2020Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	2440477	USD
CY2021Q3	us-gaap	Research And Development Expense Excluding Acquired In Process Cost ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost	427011	USD
CY2020Q3	us-gaap	Research And Development Expense Excluding Acquired In Process Cost ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost	450497	USD
CY2021Q3	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	281271	USD
CY2020Q3	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	281271	USD
CY2021Q3	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	0	USD
CY2020Q3	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	45	USD
CY2021Q3	us-gaap	Operating Expenses OperatingExpenses	3577328	USD
CY2020Q3	us-gaap	Operating Expenses OperatingExpenses	3172200	USD
CY2021Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	-405393	USD
CY2020Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	677992	USD
CY2021Q3	us-gaap	Interest Expense Debt InterestExpenseDebt	45749	USD
CY2020Q3	us-gaap	Interest Expense Debt InterestExpenseDebt	58549	USD
CY2021Q3	us-gaap	Other Income OtherIncome	51082	USD
CY2020Q3	us-gaap	Other Income OtherIncome	87735	USD
CY2021Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-96831	USD
CY2020Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-146284	USD
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CY2021Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	129873	USD
CY2020Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	434640	USD
CY2020Q3	us-gaap	Net Income Loss NetIncomeLoss	97068	USD
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CY2021Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.02
CY2020Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.00
CY2021Q3	us-gaap	Business Acquisition Equity Interests Issued Or Issuable Number Of Shares Issued BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued	26993971	shares
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CY2020Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	28432275	shares
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CY2021Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	32939531	USD
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CY2020Q3	us-gaap	Net Income Loss NetIncomeLoss	97068	USD
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CY2021Q3	us-gaap	Increase Decrease In Operating Liabilities IncreaseDecreaseInOperatingLiabilities	-52172	USD
CY2020Q3	us-gaap	Increase Decrease In Operating Liabilities IncreaseDecreaseInOperatingLiabilities	-45158	USD
CY2021Q3	us-gaap	Inventory Write Down InventoryWriteDown	60935	USD
CY2020Q3	us-gaap	Inventory Write Down InventoryWriteDown	112282	USD
CY2021Q3	us-gaap	Repayments Of Accounts Receivable Securitization RepaymentsOfAccountsReceivableSecuritization	1283594	USD
CY2020Q3	us-gaap	Repayments Of Accounts Receivable Securitization RepaymentsOfAccountsReceivableSecuritization	70201	USD
CY2021Q3	us-gaap	Increase Decrease In Receivables IncreaseDecreaseInReceivables	134860	USD
CY2020Q3	us-gaap	Increase Decrease In Receivables IncreaseDecreaseInReceivables	132051	USD
CY2021Q3	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	109829	USD
CY2020Q3	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	775234	USD
CY2021Q3	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	19702	USD
CY2020Q3	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	147148	USD
CY2021Q3	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-799693	USD
CY2020Q3	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	96727	USD
CY2021Q3	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-1617682	USD
CY2020Q3	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	662438	USD
CY2021Q3	us-gaap	Payments To Acquire Oil And Gas Equipment PaymentsToAcquireOilAndGasEquipment	1199005	USD
CY2020Q3	us-gaap	Payments To Acquire Oil And Gas Equipment PaymentsToAcquireOilAndGasEquipment	1216817	USD
CY2021Q3	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-1199005	USD
CY2020Q3	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-1216817	USD
CY2021Q3	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	0	USD
CY2020Q3	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	126100	USD
CY2021Q3	us-gaap	Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans	21726	USD
CY2020Q3	us-gaap	Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans	11009	USD
CY2021Q3	us-gaap	Proceeds From Short Term Debt ProceedsFromShortTermDebt	266850	USD
CY2020Q3	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	0	USD
CY2021Q3	us-gaap	Proceeds From Repayments Of Other Long Term Debt ProceedsFromRepaymentsOfOtherLongTermDebt	-163758	USD
CY2020Q3	us-gaap	Proceeds From Repayments Of Other Long Term Debt ProceedsFromRepaymentsOfOtherLongTermDebt	-245338	USD
CY2021Q3	us-gaap	Repayments Of Debt And Capital Lease Obligations RepaymentsOfDebtAndCapitalLeaseObligations	73891	USD
CY2020Q3	us-gaap	Repayments Of Debt And Capital Lease Obligations RepaymentsOfDebtAndCapitalLeaseObligations	67501	USD
CY2021Q3	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	50927	USD
CY2020Q3	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-175730	USD
CY2021Q3	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	-31953	USD
CY2020Q3	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	729308	USD
CY2021Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	6774694	USD
CY2020Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	5387388	USD
CY2021Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	3976981	USD
CY2020Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	5386587	USD
CY2021Q3	us-gaap	Interest Paid Net InterestPaidNet	41466	USD
CY2020Q3	us-gaap	Interest Paid Net InterestPaidNet	54089	USD
CY2021Q3	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	111535	USD
CY2020Q3	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	241293	USD
CY2021Q3	us-gaap	Basis Of Accounting BasisOfAccounting	<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong>1. Basis of Presentation</strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">References in this document to “the Company,” “LightPath,” “we,” “us,” or “our” are intended to mean LightPath Technologies, Inc., individually, or as the context requires, collectively with its subsidiaries on a consolidated basis. </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordance with the requirements of Article 8 of Regulation S-X promulgated under the Exchange Act and, therefore, do not include all information and footnotes necessary for a fair presentation of financial position, results of operations, and cash flows in conformity with accounting principles generally accepted in the United States of America. These unaudited Condensed Consolidated Financial Statements should be read in conjunction with our Consolidated Financial Statements and related notes, included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2021, filed with the SEC. Unless otherwise stated, references to particular years or quarters refer to our fiscal years ended June 30 and the associated quarters of those fiscal years.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">These Condensed Consolidated Financial Statements are unaudited, but include all adjustments, including normal recurring adjustments, which, in the opinion of management, are necessary to present fairly our financial position, results of operations and cash flows for the interim periods presented. The Consolidated Balance Sheet as of June 30, 2021 has been derived from the audited financial statements at that date but does not include all of the information and notes required by generally accepted accounting principles for complete financial statements. Results of operations for interim periods are not necessarily indicative of the results that may be expected for the year as a whole. The unaudited Condensed Consolidated Financial Statements include the accounts of the Company and its wholly-owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation.</p>
CY2021Q3	us-gaap	Use Of Estimates UseOfEstimates	<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Management makes estimates and assumptions during the preparation of our unaudited Condensed Consolidated Financial Statements that affect amounts reported in the unaudited Condensed Consolidated Financial Statements and accompanying notes. Such estimates and assumptions could change in the future as more information becomes available, which, in turn, could impact the amounts reported and disclosed herein.</p>
CY2021Q3	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	1216230	USD
CY2021Q2	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	1189218	USD
CY2021Q3	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	28229045	USD
CY2021Q3	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	14501203	USD
CY2021Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	13727842	USD
CY2021Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	432927	shares
CY2021Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	424227	shares
CY2021Q3	lpth	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms2 ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms2	P0Y10M24D
CY2021Q3	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized	963000	USD
CY2021Q3	us-gaap	Finance Lease Liability Payments Due Year Five FinanceLeaseLiabilityPaymentsDueYearFive	0	USD
CY2021Q3	us-gaap	Finance Lease Liability Undiscounted Excess Amount FinanceLeaseLiabilityUndiscountedExcessAmount	17796	USD
CY2021Q3	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	1765939	USD
CY2020Q3	lpth	Incremental Common Shares Attributable To Call Options IncrementalCommonSharesAttributableToCallOptions	289506	shares
CY2020Q3	us-gaap	Incremental Common Shares Attributable To Contingently Issuable Shares IncrementalCommonSharesAttributableToContingentlyIssuableShares	2160509	shares
CY2021Q3	us-gaap	Finance Lease Liability Payments Due Year Four FinanceLeaseLiabilityPaymentsDueYearFour	0	USD
CY2021Q3	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	4600	USD
CY2021Q3	us-gaap	Loans Payable Current LoansPayableCurrent	694305	USD
CY2021Q3	us-gaap	Foreign Currency Transaction Gain Loss Realized ForeignCurrencyTransactionGainLossRealized	-26000	USD
CY2020Q3	us-gaap	Foreign Currency Transaction Gain Loss Realized ForeignCurrencyTransactionGainLossRealized	-98000	USD
CY2021Q3	us-gaap	Cash Equivalents At Carrying Value CashEquivalentsAtCarryingValue	4000000.0	USD
CY2021Q3	us-gaap	Cash Available For Distributions CashAvailableForDistributions	4600000	USD
CY2021	us-gaap	Legal Fees LegalFees	718000	USD
CY2021Q3	us-gaap	Legal Fees LegalFees	328000	USD
CY2021Q2	us-gaap	Loss Contingency Estimate Of Possible Loss LossContingencyEstimateOfPossibleLoss	210000	USD
CY2021	us-gaap	Severance Costs1 SeveranceCosts1	485000	USD

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$LPTH
LIGHTPATH TECHNOLOGIES INC Stock $lpth

2021 Q3 Form 10-Q Financial Statement

#000165495421011877 Filed on November 10, 2021

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

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$LPTH LIGHTPATH TECHNOLOGIES INC Stock $lpth

2021 Q3 Form 10-Q Financial Statement

#000165495421011877 Filed on November 10, 2021

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LPTH
LIGHTPATH TECHNOLOGIES INC Stock $lpth