$LPTH
LIGHTPATH TECHNOLOGIES INC

2024 Q1 Form 10-Q Financial Statement

#000165495424001495 Filed on February 08, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4
Revenue $7.699M $7.316M
YoY Change 3.91% -13.66%
Cost Of Revenue $6.093M $5.147M
YoY Change 25.0% -1.92%
Gross Profit $1.606M $2.168M
YoY Change -36.65% -32.75%
Gross Profit Margin 20.86% 29.64%
Selling, General & Admin $3.172M $2.858M
YoY Change 14.95% -5.68%
% of Gross Profit 197.47% 131.83%
Research & Development $570.0K $607.7K
YoY Change 10.95% 30.37%
% of Gross Profit 35.49% 28.03%
Depreciation & Amortization $1.043M $1.133M
YoY Change 33.93% 48.19%
% of Gross Profit 64.93% 52.25%
Operating Expenses $4.189M $3.952M
YoY Change 19.85% 4.52%
Operating Profit -$2.583M -$1.783M
YoY Change 169.02% 220.46%
Interest Expense $37.65K $53.79K
YoY Change -51.16% -33.79%
% of Operating Profit
Other Income/Expense, Net -$8.540K $145.7K
YoY Change -93.8% -276.47%
Pretax Income -$2.592M -$1.638M
YoY Change 136.04% 156.25%
Income Tax $5.798K $76.06K
% Of Pretax Income
Net Earnings -$2.598M -$1.714M
YoY Change 123.3% 146.9%
Net Earnings / Revenue -33.74% -23.42%
Basic Earnings Per Share -$0.07 -$0.05
Diluted Earnings Per Share -$0.07 -$0.05
COMMON SHARES
Basic Shares Outstanding 38.02M shares 37.47M shares
Diluted Shares Outstanding 37.99M shares 37.50M shares

Balance Sheet

Concept 2024 Q1 2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.009M $3.537M
YoY Change -69.62% -6.78%
Cash & Equivalents $3.159M $3.537M
Short-Term Investments
Other Short-Term Assets $419.8K $191.4K
YoY Change -17.38% -56.85%
Inventory $6.827M $7.520M
Prepaid Expenses
Receivables $4.661M $4.708M
Other Receivables $0.00 $0.00
Total Short-Term Assets $15.55M $18.78M
YoY Change -33.64% 16.22%
LONG-TERM ASSETS
Property, Plant & Equipment $15.94M $16.36M
YoY Change 27.2% 49.02%
Goodwill $6.764M $6.764M
YoY Change 15.53% 15.53%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $61.04K $66.01K
YoY Change 26.95% 37.55%
Total Long-Term Assets $34.16M $35.28M
YoY Change 7.1% 14.5%
TOTAL ASSETS
Total Short-Term Assets $15.55M $18.78M
Total Long-Term Assets $34.16M $35.28M
Total Assets $49.71M $54.06M
YoY Change -10.15% 15.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.798M $2.899M
YoY Change -17.1% 22.52%
Accrued Expenses $1.878M $1.990M
YoY Change 177.02% 156.58%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $496.6K $2.257M
YoY Change -44.17% 100.03%
Total Short-Term Liabilities $7.748M $9.726M
YoY Change 3.98% 49.35%
LONG-TERM LIABILITIES
Long-Term Debt $275.7K $326.5K
YoY Change -84.54% -88.2%
Other Long-Term Liabilities $8.927M $9.503M
YoY Change 3.06% 6.52%
Total Long-Term Liabilities $275.7K $326.5K
YoY Change -84.54% -88.2%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.748M $9.726M
Total Long-Term Liabilities $275.7K $326.5K
Total Liabilities $18.00M $20.36M
YoY Change -2.57% 8.48%
SHAREHOLDERS EQUITY
Retained Earnings -$213.5M -$210.9M
YoY Change 3.12% 2.44%
Common Stock $381.3K $375.5K
YoY Change 2.4% -99.84%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $31.71M $33.70M
YoY Change
Total Liabilities & Shareholders Equity $49.71M $54.06M
YoY Change -10.15% 15.09%

Cashflow Statement

Concept 2024 Q1 2023 Q4
OPERATING ACTIVITIES
Net Income -$2.598M -$1.714M
YoY Change 123.3% 146.9%
Depreciation, Depletion And Amortization $1.043M $1.133M
YoY Change 33.93% 48.19%
Cash From Operating Activities -$394.2K -$289.4K
YoY Change 133.47% -13.95%
INVESTING ACTIVITIES
Capital Expenditures $408.3K $524.4K
YoY Change -78.67% 211.85%
Acquisitions
YoY Change
Other Investing Activities -$125.0K -$147.4K
YoY Change -290.84%
Cash From Investing Activities -$533.3K -$681.8K
YoY Change -71.15% 305.47%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.766M -93.72K
YoY Change -122.14% -63.34%
NET CHANGE
Cash From Operating Activities -394.2K -289.4K
Cash From Investing Activities -533.3K -681.8K
Cash From Financing Activities -1.766M -93.72K
Net Change In Cash -2.693M -1.065M
YoY Change -145.2% 40.09%
FREE CASH FLOW
Cash From Operating Activities -$394.2K -$289.4K
Capital Expenditures $408.3K $524.4K
Free Cash Flow -$802.5K -$813.8K
YoY Change -61.46% 61.3%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Entity Central Index Key
EntityCentralIndexKey
0000889971
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--06-30
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2024
CY2023Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2023Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
500000 shares
CY2023Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2023Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2023Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2023Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
44500000 shares
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
37549378 shares
CY2023Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
34344739 shares
CY2023Q3 us-gaap Goodwill
Goodwill
8915637 usd
CY2023Q2 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
40000 usd
lpth Discount On Employee Stock Purchase Plan
DiscountOnEmployeeStockPurchasePlan
2000 usd
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2023-12-31
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
000-27548
dei Entity Registrant Name
EntityRegistrantName
LIGHTPATH TECHNOLOGIES, INC.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
86-0708398
dei Entity Address Address Line1
EntityAddressAddressLine1
2603 Challenger Tech Ct.
dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 100
dei Entity Address City Or Town
EntityAddressCityOrTown
Orlando
dei Entity Address State Or Province
EntityAddressStateOrProvince
FL
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
32826
dei City Area Code
CityAreaCode
407
dei Local Phone Number
LocalPhoneNumber
382-4003
dei Security12b Title
Security12bTitle
Class A CommonStock, par value $0.01
dei Trading Symbol
TradingSymbol
LPTH
dei Security Exchange Name
SecurityExchangeName
NASDAQ
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2024Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
38022003 shares
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3536558 usd
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4687004 usd
CY2023Q4 us-gaap Restricted Cash
RestrictedCash
2345644 usd
CY2023Q2 us-gaap Restricted Cash
RestrictedCash
2457486 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
23853 usd
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
18502 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
4708156 usd
CY2023Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
6634574 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
7520444 usd
CY2023Q2 us-gaap Inventory Net
InventoryNet
7410734 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
478686 usd
CY2023Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
570293 usd
CY2023Q4 us-gaap Other Assets Current
OtherAssetsCurrent
191381 usd
CY2023Q2 us-gaap Other Assets Current
OtherAssetsCurrent
0 usd
CY2023Q4 us-gaap Assets Current
AssetsCurrent
18780869 usd
CY2023Q2 us-gaap Assets Current
AssetsCurrent
21760091 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
16361049 usd
CY2023Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
12810930 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
7432993 usd
CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
9571604 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
4519544 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3332715 usd
CY2023Q4 us-gaap Goodwill
Goodwill
6764127 usd
CY2023Q2 us-gaap Goodwill
Goodwill
5854905 usd
CY2023Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
140000 usd
CY2023Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
140000 usd
CY2023Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
66007 usd
CY2023Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
65939 usd
CY2023Q4 us-gaap Assets
Assets
54064589 usd
CY2023Q2 us-gaap Assets
Assets
53536184 usd
CY2023Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
2899032 usd
CY2023Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
2574135 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1990114 usd
CY2023Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
662242 usd
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1456777 usd
CY2023Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1499896 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1123276 usd
CY2023Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
969890 usd
CY2023Q4 us-gaap Loans Payable Current
LoansPayableCurrent
2138775 usd
CY2023Q2 us-gaap Loans Payable Current
LoansPayableCurrent
1023814 usd
CY2023Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
118070 usd
CY2023Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
103646 usd
CY2023Q4 us-gaap Liabilities Current
LiabilitiesCurrent
9726044 usd
CY2023Q2 us-gaap Liabilities Current
LiabilitiesCurrent
6833623 usd
CY2023Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
474395 usd
CY2023Q2 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
465000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
919623 usd
CY2023Q2 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
0 usd
CY2023Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
334654 usd
CY2023Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
341201 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
8583630 usd
CY2023Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
8393248 usd
CY2023Q4 us-gaap Long Term Loans Payable
LongTermLoansPayable
326507 usd
CY2023Q2 us-gaap Long Term Loans Payable
LongTermLoansPayable
1550587 usd
CY2023Q4 us-gaap Liabilities
Liabilities
20364853 usd
CY2023Q2 us-gaap Liabilities
Liabilities
17583659 usd
CY2023Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2023Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
500000 shares
CY2023Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 usd
CY2023Q2 us-gaap Preferred Stock Value
PreferredStockValue
0 usd
CY2023Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
44500000 shares
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
37549378 shares
CY2023Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
34344739 shares
CY2023Q4 us-gaap Common Stock Value
CommonStockValue
375494 usd
CY2023Q2 us-gaap Common Stock Value
CommonStockValue
373447 usd
CY2023Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
243475209 usd
CY2023Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
242808771 usd
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
741301 usd
CY2023Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
606536 usd
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-210892268 usd
CY2023Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-207836229 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
33699736 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
35952525 usd
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
54064589 usd
CY2023Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
53536184 usd
CY2023Q4 us-gaap Revenues
Revenues
7315637 usd
CY2022Q4 us-gaap Revenues
Revenues
8472679 usd
us-gaap Revenues
Revenues
15392885 usd
us-gaap Revenues
Revenues
15839580 usd
CY2023Q4 us-gaap Cost Of Revenue
CostOfRevenue
5147316 usd
CY2022Q4 us-gaap Cost Of Revenue
CostOfRevenue
5248334 usd
us-gaap Cost Of Revenue
CostOfRevenue
10892858 usd
us-gaap Cost Of Revenue
CostOfRevenue
10381323 usd
CY2023Q4 us-gaap Gross Profit
GrossProfit
2168321 usd
CY2022Q4 us-gaap Gross Profit
GrossProfit
3224345 usd
us-gaap Gross Profit
GrossProfit
4500027 usd
us-gaap Gross Profit
GrossProfit
5458257 usd
CY2023Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
2858457 usd
CY2022Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
3030653 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
5519625 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
5668826 usd
CY2023Q4 us-gaap Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
607747 usd
CY2022Q4 us-gaap Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
466163 usd
us-gaap Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
1247636 usd
us-gaap Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
1016044 usd
CY2023Q4 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
485446 usd
CY2022Q4 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
281271 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
766717 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
562542 usd
CY2023Q4 us-gaap Gain Loss On Disposition Of Other Financial Assets
GainLossOnDispositionOfOtherFinancialAssets
0 usd
CY2022Q4 us-gaap Gain Loss On Disposition Of Other Financial Assets
GainLossOnDispositionOfOtherFinancialAssets
2742 usd
us-gaap Gain Loss On Disposition Of Other Financial Assets
GainLossOnDispositionOfOtherFinancialAssets
0 usd
us-gaap Gain Loss On Disposition Of Other Financial Assets
GainLossOnDispositionOfOtherFinancialAssets
2742 usd
CY2023Q4 us-gaap Operating Expenses
OperatingExpenses
3951650 usd
CY2022Q4 us-gaap Operating Expenses
OperatingExpenses
3780829 usd
us-gaap Operating Expenses
OperatingExpenses
7533978 usd
us-gaap Operating Expenses
OperatingExpenses
7250154 usd
CY2023Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-1783329 usd
CY2022Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-556484 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-3033951 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-1791897 usd
CY2023Q4 us-gaap Interest Expense
InterestExpense
53788 usd
CY2022Q4 us-gaap Interest Expense
InterestExpense
81241 usd
us-gaap Interest Expense
InterestExpense
111399 usd
us-gaap Interest Expense
InterestExpense
151611 usd
CY2023Q4 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
199512 usd
CY2022Q4 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-1336 usd
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
204915 usd
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
25881 usd
CY2023Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
145724 usd
CY2022Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-82577 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
93516 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-125730 usd
CY2023Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-1637605 usd
CY2022Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-639061 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-2940435 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-1917627 usd
CY2023Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
76058 usd
CY2022Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
55000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
115604 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
157134 usd
CY2023Q4 us-gaap Net Income Loss
NetIncomeLoss
-1713663 usd
CY2022Q4 us-gaap Net Income Loss
NetIncomeLoss
-694061 usd
us-gaap Net Income Loss
NetIncomeLoss
-3056039 usd
us-gaap Net Income Loss
NetIncomeLoss
-2074761 usd
CY2023Q4 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
259973 usd
CY2022Q4 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
671125 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
134765 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-246704 usd
CY2023Q4 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-1453690 usd
CY2022Q4 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-22936 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-2921274 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-2321465 usd
CY2023Q4 lpth Basic Earnings Per Share
BasicEarningsPerShare
-0.05
CY2022Q4 lpth Basic Earnings Per Share
BasicEarningsPerShare
-0.03
lpth Basic Earnings Per Share
BasicEarningsPerShare
-0.08
lpth Basic Earnings Per Share
BasicEarningsPerShare
-0.08
CY2023Q4 lpth Basic Weighted Average Number Of Shares Outstanding
BasicWeightedAverageNumberOfSharesOutstanding
37501683 shares
CY2022Q4 lpth Basic Weighted Average Number Of Shares Outstanding
BasicWeightedAverageNumberOfSharesOutstanding
27172226 shares
lpth Basic Weighted Average Number Of Shares Outstanding
BasicWeightedAverageNumberOfSharesOutstanding
37466714 shares
lpth Basic Weighted Average Number Of Shares Outstanding
BasicWeightedAverageNumberOfSharesOutstanding
27121583 shares
CY2023Q4 lpth Diluted Earnings Per Share
DilutedEarningsPerShare
-0.05
CY2022Q4 lpth Diluted Earnings Per Share
DilutedEarningsPerShare
-0.03
lpth Diluted Earnings Per Share
DilutedEarningsPerShare
-0.08
lpth Diluted Earnings Per Share
DilutedEarningsPerShare
-0.08
CY2023Q4 lpth Diluted Weighted Average Number Of Shares Outstanding
DilutedWeightedAverageNumberOfSharesOutstanding
37501683 shares
CY2022Q4 lpth Diluted Weighted Average Number Of Shares Outstanding
DilutedWeightedAverageNumberOfSharesOutstanding
27172226 shares
lpth Diluted Weighted Average Number Of Shares Outstanding
DilutedWeightedAverageNumberOfSharesOutstanding
37466714 shares
lpth Diluted Weighted Average Number Of Shares Outstanding
DilutedWeightedAverageNumberOfSharesOutstanding
27121583 shares
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
35952525 usd
CY2023Q3 lpth Employee Stock Purchase Plan Amount
EmployeeStockPurchasePlanAmount
19719 usd
CY2023Q3 lpth Exercise Of Stock Options Rsus Rsas Net Amount
ExerciseOfStockOptionsRsusRsasNetAmount
0 usd
CY2023Q3 lpth Issuance Of Common Stock For Acquisition Of Visimid Amount
IssuanceOfCommonStockForAcquisitionOfVisimidAmount
150000 usd
CY2023Q3 lpth Stock Based Compensation On Stock Options Rsus Rsas
StockBasedCompensationOnStockOptionsRsusRsas
240075 usd
CY2023Q3 lpth Foreign Currency Translation Adjustment
ForeignCurrencyTranslationAdjustment
-125208 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-1342376 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
34894735 usd
CY2023Q4 lpth Exercise Of Stock Options Rsus Rsas Net Amount
ExerciseOfStockOptionsRsusRsasNetAmount
0 usd
CY2023Q4 lpth Stock Based Compensation On Stock Options Rsus Rsas
StockBasedCompensationOnStockOptionsRsusRsas
258691 usd
CY2023Q4 lpth Foreign Currency Translation Adjustment
ForeignCurrencyTranslationAdjustment
259973 usd
CY2023Q4 us-gaap Net Income Loss
NetIncomeLoss
-1713663 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
33699736 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
29731238 usd
CY2022Q3 lpth Employee Stock Purchase Plan Amount
EmployeeStockPurchasePlanAmount
19870 usd
CY2022Q3 lpth Exercise Of Stock Options Rsus Net Amount
ExerciseOfStockOptionsRsusNetAmount
0 usd
CY2022Q3 lpth Stock Based Compensation On Stock Options Rsus
StockBasedCompensationOnStockOptionsRsus
284598 usd
CY2022Q3 lpth Foreign Currency Translation Adjustment
ForeignCurrencyTranslationAdjustment
-917829 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-1380700 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
27737177 usd
CY2022Q4 lpth Exercise Of Stock Options Rsus Rsas Net Amount
ExerciseOfStockOptionsRsusRsasNetAmount
0 usd
CY2022Q4 lpth Stock Based Compensation On Stock Options Rsus Rsas
StockBasedCompensationOnStockOptionsRsusRsas
487547 usd
CY2022Q4 lpth Foreign Currency Translation Adjustment
ForeignCurrencyTranslationAdjustment
671125 usd
CY2022Q4 us-gaap Net Income Loss
NetIncomeLoss
-694061 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
28201788 usd
us-gaap Net Income Loss
NetIncomeLoss
-3056039 usd
us-gaap Net Income Loss
NetIncomeLoss
-2074761 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
1943000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
1580882 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
0 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
37120 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
0 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
2742 usd
us-gaap Share Based Compensation
ShareBasedCompensation
551853 usd
us-gaap Share Based Compensation
ShareBasedCompensation
772145 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-2236 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-11421 usd
lpth Increase Decrease In Operating Lease Assets And Liabilities
IncreaseDecreaseInOperatingLeaseAssetsAndLiabilities
80355 usd
lpth Increase Decrease In Operating Lease Assets And Liabilities
IncreaseDecreaseInOperatingLeaseAssetsAndLiabilities
-70153 usd
us-gaap Inventory Write Down
InventoryWriteDown
73569 usd
us-gaap Inventory Write Down
InventoryWriteDown
2233 usd
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
9395 usd
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-19669 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1717283 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
364987 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-191381 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-149775 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
54461 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
68918 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
94619 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
987 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-424310 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1255961 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
850569 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-751726 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1484401 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
411551 usd
lpth Acquisition Of Visimid Technologies Net Of Cash Acquired
AcquisitionOfVisimidTechnologiesNetOfCashAcquired
722141 usd
lpth Acquisition Of Visimid Technologies Net Of Cash Acquired
AcquisitionOfVisimidTechnologiesNetOfCashAcquired
0 usd
us-gaap Proceeds From Sale Of Flight Equipment
ProceedsFromSaleOfFlightEquipment
364710 usd
us-gaap Proceeds From Sale Of Flight Equipment
ProceedsFromSaleOfFlightEquipment
0 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1841832 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-411551 usd
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
19719 usd
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
19870 usd
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
142853 usd
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
0 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
407510 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
405498 usd
us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
58785 usd
us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
57140 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-303723 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-442768 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
32698 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-107994 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1262288 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1714039 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7144490 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5507891 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5882202 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3793852 usd
us-gaap Interest Paid Net
InterestPaidNet
110774 usd
us-gaap Interest Paid Net
InterestPaidNet
106394 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
114953 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
218367 usd
us-gaap Airline Capacity Purchase Arrangements
AirlineCapacityPurchaseArrangements
61654 usd
us-gaap Airline Capacity Purchase Arrangements
AirlineCapacityPurchaseArrangements
83921 usd
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>
CY2023Q4 us-gaap Deferred Revenue
DeferredRevenue
759000 usd
CY2023Q2 us-gaap Deferred Revenue
DeferredRevenue
314000 usd
CY2022Q4 us-gaap Revenues
Revenues
8472679 usd
us-gaap Revenues
Revenues
15392885 usd
CY2023Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
3214087 usd
CY2023Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
2999879 usd
CY2023Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
2954299 usd
CY2023Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
2909439 usd
CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
2495167 usd
CY2023Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
2626106 usd
CY2023Q4 lpth Allowance For Obsolescence
AllowanceForObsolescence
-1143109 usd
CY2023Q2 lpth Allowance For Obsolescence
AllowanceForObsolescence
-1124690 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
7520444 usd
CY2023Q2 us-gaap Inventory Net
InventoryNet
7410734 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
34310971 usd
CY2023Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
29430398 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
17949922 usd
CY2023Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
16619468 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
16361049 usd
CY2023Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
12810930 usd
CY2023Q2 us-gaap Goodwill
Goodwill
5854905 usd
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
909222 usd
CY2023Q4 us-gaap Goodwill
Goodwill
6764127 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
12629547 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
10676000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-8110003 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-7343285 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
4519544 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3332715 usd
CY2023Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1637605 usd
CY2022Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-639061 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-2940435 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1917627 usd
CY2023Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
76058 usd
CY2022Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
55000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
115604 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
157134 usd
CY2023Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.05 pure
CY2022Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.09 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.04 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.08 pure
CY2023Q4 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
40000 usd
us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.20 pure
us-gaap Effective Income Tax Rate Reconciliation Deductions
EffectiveIncomeTaxRateReconciliationDeductions
0.25 pure
CY2023Q4 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
311779 usd
CY2022Q4 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
487547 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
551854 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
772145 usd
lpth Discount On Employee Stock Purchase Plan
DiscountOnEmployeeStockPurchasePlan
2000 usd
lpth Discount On Employee Stock Purchase Plan Percentage
DiscountOnEmployeeStockPurchasePlanPercentage
0.10 pure
CY2023Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
65808 usd
CY2023Q4 lpth Employee Service Share Based Compensation Restricted Stock Award
EmployeeServiceShareBasedCompensationRestrictedStockAward
144888 usd
CY2023Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
272081 usd
CY2023Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
482777 usd
CY2023Q4 us-gaap Net Income Loss
NetIncomeLoss
-1713663 usd
CY2022Q4 us-gaap Net Income Loss
NetIncomeLoss
-694061 usd
us-gaap Net Income Loss
NetIncomeLoss
-3056039 usd
us-gaap Net Income Loss
NetIncomeLoss
-2074761 usd
CY2023Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37501683 shares
CY2022Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27172226 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37466714 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27121583 shares
CY2023Q4 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
CY2022Q4 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
CY2023Q4 lpth Payment Of Rsus And Rsas
PaymentOfRsusAndRsas
0 usd
CY2022Q4 lpth Payment Of Rsus And Rsas
PaymentOfRsusAndRsas
0 usd
lpth Payment Of Rsus And Rsas
PaymentOfRsusAndRsas
0 usd
lpth Payment Of Rsus And Rsas
PaymentOfRsusAndRsas
0 usd
CY2023Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37501683 shares
CY2022Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
27172226 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37466714 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
27121583 shares
CY2023Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.05
CY2022Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.03
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.08
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.08
CY2023Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.05
CY2022Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.03
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.08
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.08
CY2023Q4 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2239100 shares
CY2022Q4 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2783251 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2230185 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2689401 shares
lpth Operating Lease Expiry Year
OperatingLeaseExpiryYear
2034
lpth Description Of Leased Space
DescriptionOfLeasedSpace
The first lease on the premises comprising our Orlando Facility was amended in April 2021, and again in September 2021, to expand the space from approximately 26,000 square feet to approximately 58,500 square feet. The lease term was extended from April 30, 2022, to that certain date that is one hundred twenty-seven (127) months after the date the landlord completes certain work to be done at the leased premises. The landlord’s work was completed in August 2023, and accordingly the lease expires on March 31, 2034. In April 2023, we entered into a sublease for 11,156 square feet of this space, as we do not have a current need for the full 58,500 square feet of space. The sublease is for an initial term of five years, ending in April 2029. The second lease on the premises comprising our Orlando Facility was assigned to a third-party and it was agreed that we would vacate the premises, subject to the assigned lease, on November 30, 2022. In December 2022, we entered into an agreement with the assignee of such lease that extended our right to occupy the subject premises until February 28, 2023, in consideration of payments of rent through February 28, 2023, and other amounts to the assignee. In February 2023, the space was vacated and we have no further obligations related to this lease. Effective in January 2022, the terms of our leases in Zhenjiang, China and Riga, Latvia were extended to December 31, 2024 and 2030, respectively
lpth Lease Term
LeaseTerm
P12M
lpth Tenant Improvement Allowances
TenantImprovementAllowances
2400000 usd
lpth Estimated Cost Of Tenant Improvement Allowances
EstimatedCostOfTenantImprovementAllowances
3700000 usd
CY2023Q4 us-gaap Operating Lease Cost
OperatingLeaseCost
238652 usd
CY2022Q4 us-gaap Operating Lease Cost
OperatingLeaseCost
184424 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
443675 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
415925 usd
CY2023Q4 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
13982 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
34111 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
33897 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
68222 usd
CY2023Q4 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
7856 usd
CY2022Q4 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1187 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
15392 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
3870 usd
CY2023Q4 lpth Total Finance Lease Cost
TotalFinanceLeaseCost
21838 usd
CY2022Q4 lpth Total Finance Lease Cost
TotalFinanceLeaseCost
35298 usd
lpth Total Finance Lease Cost
TotalFinanceLeaseCost
49289 usd
lpth Total Finance Lease Cost
TotalFinanceLeaseCost
72092 usd
CY2023Q4 us-gaap Lease Cost
LeaseCost
260490 usd
CY2022Q4 us-gaap Lease Cost
LeaseCost
219722 usd
us-gaap Lease Cost
LeaseCost
492964 usd
us-gaap Lease Cost
LeaseCost
488017 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
7432993 usd
CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
9571604 usd
CY2023Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
671679 usd
CY2023Q2 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
542105 usd
CY2023Q4 lpth Total Lease Assets
TotalLeaseAssets
8104672 usd
CY2023Q2 lpth Total Lease Assets
TotalLeaseAssets
10113709 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1123276 usd
CY2023Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
969890 usd
CY2023Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
118070 usd
CY2023Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
103646 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
8583630 usd
CY2023Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
8393248 usd
CY2023Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
334654 usd
CY2023Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
341201 usd
CY2023Q4 lpth Total Lease Liabilities
TotalLeaseLiabilities
10159630 usd
CY2023Q2 lpth Total Lease Liabilities
TotalLeaseLiabilities
9807985 usd
CY2023Q4 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
106000 usd
CY2023Q2 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
72000 usd
lpth Weighted Average Remaining Lease Term In Years Operating Leases
WeightedAverageRemainingLeaseTermInYearsOperatingLeases
P9Y9M18D
lpth Weighted Average Remaining Lease Term In Years Finance Leases
WeightedAverageRemainingLeaseTermInYearsFinanceLeases
P3Y10M24D
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.029 pure
CY2023Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.067 pure
us-gaap Operating Lease Payments Use
OperatingLeasePaymentsUse
363320 usd
us-gaap Operating Lease Payments Use
OperatingLeasePaymentsUse
523157 usd
lpth Finance Lease Payments Use
FinanceLeasePaymentsUse
15393 usd
lpth Finance Lease Payments Use
FinanceLeasePaymentsUse
2286 usd
lpth Financing Cash Used For Finance Leases
FinancingCashUsedForFinanceLeases
58785 usd
lpth Financing Cash Used For Finance Leases
FinancingCashUsedForFinanceLeases
57140 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
75499 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
599048 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
139856 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1164329 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
117541 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1135793 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
95212 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1143026 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
86016 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1161442 usd
CY2023Q4 lpth Finance Lease Liability Payments Due After Year Four
FinanceLeaseLiabilityPaymentsDueAfterYearFour
0 usd
CY2023Q4 lpth Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
6768359 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
514124 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
11971997 usd
CY2023Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
61400 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2265091 usd
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
452724 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
9706906 usd
lpth Security Interest Amount
SecurityInterestAmount
2457000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
780718 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
1457529 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
115523 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
70429 usd
CY2023Q4 lpth Long Term Debt Maturities Repayments Of Principal After Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour
41083 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
2465282 usd
CY2023Q4 us-gaap Loans Payable Current
LoansPayableCurrent
2138775 usd
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
326507 usd
CY2023Q4 lpth Cumulative Gain
CumulativeGain
741000 usd
CY2023Q2 lpth Cumulative Gain
CumulativeGain
607000 usd
CY2023Q4 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
4000 usd
us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
29000 usd
CY2022Q4 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
29000 usd
us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
7000 usd
CY2023Q4 lpth Percentage Of Amount Held For Foreign Subsidiaries
PercentageOfAmountHeldForForeignSubsidiaries
0.50 pure
us-gaap Revenues
Revenues
15392885 usd
us-gaap Revenues
Revenues
15839580 usd
CY2023Q4 us-gaap Noncurrent Assets
NoncurrentAssets
35283720 usd
CY2023Q2 us-gaap Noncurrent Assets
NoncurrentAssets
31776093 usd
CY2021 us-gaap Payments For Fees
PaymentsForFees
718000 usd
CY2022 us-gaap Payments For Fees
PaymentsForFees
400000 usd
lpth Related Expenses
RelatedExpenses
190000 usd
us-gaap Loss Contingency Accrual Payments
LossContingencyAccrualPayments
485000 usd
CY2022Q1 lpth Offering Price
OfferingPrice
7580000 usd
CY2022Q1 lpth Revised Offering Price
RevisedOfferingPrice
2520000 usd
CY2022Q1 lpth Decrease In Aggregate Offering Price
DecreaseInAggregateOfferingPrice
5060000 usd

Files In Submission

Name View Source Status
0001654954-24-001495-index-headers.html Edgar Link pending
0001654954-24-001495-index.html Edgar Link pending
0001654954-24-001495.txt Edgar Link pending
0001654954-24-001495-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
lpth-20231231.xsd Edgar Link pending
lpth_10q.htm Edgar Link pending
lpth_ex311.htm Edgar Link pending
lpth_ex312.htm Edgar Link pending
lpth_ex321.htm Edgar Link pending
lpth_ex322.htm Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
lpth-20231231_def.xml Edgar Link unprocessable
lpth-20231231_lab.xml Edgar Link unprocessable
lpth-20231231_pre.xml Edgar Link unprocessable
lpth-20231231_cal.xml Edgar Link unprocessable
lpth_10q_htm.xml Edgar Link completed
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
FilingSummary.xml Edgar Link unprocessable