2024 Q3 Form 10-K Financial Statement

#000165495424012103 Filed on September 19, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2 2024
Revenue $8.400M $8.634M $31.73M
YoY Change 4.0% -10.8% -3.67%
Cost Of Revenue $5.556M $6.109M $23.09M
YoY Change -3.3% -7.44% 5.65%
Gross Profit $2.844M $2.525M $8.631M
YoY Change 21.99% -18.02% -22.06%
Gross Profit Margin 33.86% 29.24% 27.21%
Selling, General & Admin $3.271M $3.606M $12.30M
YoY Change 22.9% 19.8% 7.52%
% of Gross Profit 114.98% 142.81% 142.48%
Research & Development $476.4K $582.8K $2.400M
YoY Change -25.54% -6.0% 11.89%
% of Gross Profit 16.75% 23.08% 27.81%
Depreciation & Amortization $989.6K $1.063M $4.048M
YoY Change 22.17% 31.18% 27.71%
% of Gross Profit 34.79% 42.08% 46.9%
Operating Expenses $4.221M $4.623M $16.46M
YoY Change 17.84% 18.24% 12.5%
Operating Profit -$1.377M -$2.098M -$7.827M
YoY Change 10.09% 152.79% 120.19%
Interest Expense $149.4K -$10.81K $191.9K
YoY Change 159.26% 8.1% -32.27%
% of Operating Profit
Other Income/Expense, Net -$230.3K -$187.4K -$113.2K
YoY Change 341.12% -1973.5% -56.18%
Pretax Income -$1.607M -$2.408M -$7.940M
YoY Change 23.36% 200.96% 108.24%
Income Tax $15.64K -$53.91K $67.49K
% Of Pretax Income
Net Earnings -$1.623M -$2.354M -$8.007M
YoY Change 20.89% 190.59% 97.87%
Net Earnings / Revenue -19.32% -27.26% -25.24%
Basic Earnings Per Share -$0.04 -$0.21
Diluted Earnings Per Share -$0.04 -$0.06 -$0.21
COMMON SHARES
Basic Shares Outstanding 39.55M shares 38.81M shares 37.94M shares
Diluted Shares Outstanding 39.56M shares 37.94M shares

Balance Sheet

Concept 2024 Q3 2024 Q2 2024
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.281M $3.480M $3.480M
YoY Change -0.45% -25.95% -25.95%
Cash & Equivalents $4.281M $3.480M $3.480M
Short-Term Investments
Other Short-Term Assets $2.218K $131.2K $577.1K
YoY Change -99.93% -95.77% -81.38%
Inventory $6.790M $6.551M $6.551M
Prepaid Expenses
Receivables $5.197M $4.929M $4.929M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $16.81M $15.54M $15.54M
YoY Change -15.84% -28.6% -28.73%
LONG-TERM ASSETS
Property, Plant & Equipment $14.92M $15.21M $21.95M
YoY Change -4.31% 18.73% -2.0%
Goodwill $6.764M $6.764M
YoY Change -24.13% 15.53%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $58.00K $59.60K $182.6K
YoY Change -14.42% -9.61% -8.7%
Total Long-Term Assets $31.64M $32.55M $32.55M
YoY Change -10.48% 2.43% 2.68%
TOTAL ASSETS
Total Short-Term Assets $16.81M $15.54M $15.54M
Total Long-Term Assets $31.64M $32.55M $32.55M
Total Assets $48.44M $48.09M $48.09M
YoY Change -12.42% -10.18% -10.12%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.662M $3.232M $3.232M
YoY Change -8.44% 25.55% 24.3%
Accrued Expenses $1.414M $1.912M $4.418M
YoY Change -18.75% 188.7% 42.53%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $3.148M $386.3K $386.3K
YoY Change 124.82% -64.88% -64.88%
Total Short-Term Liabilities $9.740M $8.036M $8.036M
YoY Change 14.26% 17.6% 18.18%
LONG-TERM LIABILITIES
Long-Term Debt $284.9K $325.9K $854.6K
YoY Change -76.96% -78.98% -55.02%
Other Long-Term Liabilities $8.152M $8.670M $8.670M
YoY Change -16.82% 3.22% 3.22%
Total Long-Term Liabilities $284.9K $325.9K $9.525M
YoY Change -76.96% -78.98% -7.53%
TOTAL LIABILITIES
Total Short-Term Liabilities $9.740M $8.036M $8.036M
Total Long-Term Liabilities $284.9K $325.9K $9.525M
Total Liabilities $19.00M $17.89M $17.89M
YoY Change -6.95% 1.73% 1.63%
SHAREHOLDERS EQUITY
Retained Earnings -$217.5M -$215.8M
YoY Change 3.96% 3.85%
Common Stock $396.1K $392.5K
YoY Change 5.76% 5.11%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $29.44M $30.20M $30.20M
YoY Change
Total Liabilities & Shareholders Equity $48.44M $48.09M $48.09M
YoY Change -12.42% -10.18% -10.12%

Cashflow Statement

Concept 2024 Q3 2024 Q2 2024
OPERATING ACTIVITIES
Net Income -$1.623M -$2.354M -$8.007M
YoY Change 20.89% 190.59% 97.87%
Depreciation, Depletion And Amortization $989.6K $1.063M $4.048M
YoY Change 22.17% 31.18% 27.71%
Cash From Operating Activities -$1.700M $64.70K $521.0K
YoY Change -249.14% -103.42% -118.55%
INVESTING ACTIVITIES
Capital Expenditures $79.73K $290.1K $2.183M
YoY Change -91.65% -61.31% -29.06%
Acquisitions
YoY Change
Other Investing Activities -$114.4K $0.00 -$482.4K
YoY Change -45.55% -100.0% -329.73%
Cash From Investing Activities -$194.1K -$290.1K -$2.665M
YoY Change -83.3% -52.43% -7.07%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $2.613M 603.2K -$1.466M
YoY Change -1321.93% -961.76% -119.67%
NET CHANGE
Cash From Operating Activities -$1.700M 64.70K $521.0K
Cash From Investing Activities -$194.1K -290.1K -$2.665M
Cash From Financing Activities $2.613M 603.2K -$1.466M
Net Change In Cash $800.4K 377.8K -$3.664M
YoY Change -381.29% -114.7% -323.89%
FREE CASH FLOW
Cash From Operating Activities -$1.700M $64.70K $521.0K
Capital Expenditures $79.73K $290.1K $2.183M
Free Cash Flow -$1.780M -$225.4K -$1.662M
YoY Change -1062.19% -91.46% -71.77%

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LIGHTPATH TECHNOLOGIES, INC.
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CY2024 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2024 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2024 dei Entity Small Business
EntitySmallBusiness
true
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0398 pure
CY2024 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P7Y5M26D
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
534462 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
2.03
CY2023 lpth Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm1
P7Y
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
2079669 shares
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
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CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
611386 shares
CY2023 lpth Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted Rsa
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGrantedRSA
246942 shares
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
1068291 shares
CY2023 lpth Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised Rsa
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercisedRSA
-145209 shares
CY2024 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2024 dei Icfr Auditor Attestation Flag
IcfrAuditorAttestationFlag
false
CY2024 dei Entity Shell Company
EntityShellCompany
false
CY2023Q4 dei Entity Public Float
EntityPublicFloat
46771150 usd
CY2024Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
39552737 shares
CY2024 dei Auditor Firm
AuditorFirmId
569
CY2024 dei Auditor Name
AuditorName
MSL, P.A.
CY2024 dei Auditor Location
AuditorLocation
Orlando, Florida
CY2024Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
4928931 usd
CY2023Q2 us-gaap Inventory Net
InventoryNet
7410734 usd
CY2023Q2 us-gaap Assets
Assets
53536184 usd
CY2024Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
3231713 usd
CY2023Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
2574135 usd
CY2024Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1911867 usd
CY2023Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
662242 usd
CY2024Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1446452 usd
CY2024Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1059998 usd
CY2023Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
969890 usd
CY2024Q2 us-gaap Loans Payable Current
LoansPayableCurrent
209170 usd
CY2023Q2 us-gaap Loans Payable Current
LoansPayableCurrent
1023814 usd
CY2024Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
177148 usd
CY2023Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
103646 usd
CY2024Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
528753 usd
CY2023Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
341201 usd
CY2024Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
8058502 usd
CY2023Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
8393248 usd
CY2024Q2 us-gaap Long Term Loans Payable
LongTermLoansPayable
325880 usd
CY2024Q2 us-gaap Liabilities
Liabilities
17887299 usd
CY2023Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
37344739 shares
CY2023 us-gaap Cost Of Revenue
CostOfRevenue
21859126 usd
CY2024 us-gaap Gross Profit
GrossProfit
8631246 usd
CY2023 us-gaap Gross Profit
GrossProfit
11074823 usd
CY2024 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
12297383 usd
CY2023 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
11437241 usd
CY2024 us-gaap Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
2400420 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-3812837 usd
CY2024 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-96600 usd
CY2024 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-8103946 usd
CY2023 lpth Basic Earnings Per Share
BasicEarningsPerShare
-0.13
CY2024 lpth Basic Weighted Average Number Of Shares Outstanding
BasicWeightedAverageNumberOfSharesOutstanding
37944935 shares
CY2023 lpth Basic Weighted Average Number Of Shares Outstanding
BasicWeightedAverageNumberOfSharesOutstanding
31637445 shares
CY2024 lpth Diluted Earnings Per Share
DilutedEarningsPerShare
-0.21
CY2023 lpth Diluted Earnings Per Share
DilutedEarningsPerShare
-0.13
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
29731238 usd
CY2023 lpth Employee Stock Purchase Plan Amount
EmployeeStockPurchasePlanAmount
40380 usd
CY2023 lpth Exercise Of Stock Options Rsus Rsas Net Amount
ExerciseOfStockOptionsRsusRsasNetAmount
45900 usd
CY2023 lpth Issuance Of Common Stock Under Public Equity Placement Amount
IssuanceOfCommonStockUnderPublicEquityPlacementAmount
9199510 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
1310957 usd
CY2023 us-gaap Temporary Equity Foreign Currency Translation Adjustments
TemporaryEquityForeignCurrencyTranslationAdjustments
-328589 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-4046871 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
35952525 usd
CY2024 lpth Employee Stock Purchase Plan Amount
EmployeeStockPurchasePlanAmount
39677 usd
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
0
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Forfeitures And Expirations
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeituresAndExpirations
26542 shares
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
534462 shares
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
2.03
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y1M6D
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
1596222 shares
CY2023 lpth Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms2
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms2
P1Y1M6D
CY2023 lpth Share Based Compensation Arrangement By Share Based Payments Award Non Option Equity Instruments Outstanding Number Rsa
ShareBasedCompensationArrangementByShareBasedPaymentsAwardNonOptionEquityInstrumentsOutstandingNumberRSA
101733 shares
CY2023 lpth Sharebasedcompensationarrangementbysharebasedpaymentawardequityinstrumentsotherthanoptionsoutstandingweightedaverageremainingcontractualtermsrestricted Stock Award
SharebasedcompensationarrangementbysharebasedpaymentawardequityinstrumentsotherthanoptionsoutstandingweightedaverageremainingcontractualtermsrestrictedStockAward
P0Y8M12D
CY2024 lpth Granted Shares
GrantedShares
28736 shares
CY2024 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
1.74
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
543305 shares
CY2024 lpth Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted Rsa
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGrantedRSA
270070 shares
CY2024 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
3000 shares
CY2024 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
1.38
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
843246 shares
CY2024 lpth Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised Rsa
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercisedRSA
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CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
6509 shares
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
1.45
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Forfeitures And Expirations
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeituresAndExpirations
46149 shares
CY2024 lpth Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Cancelled Forfeited
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsCancelledForfeited
-19256 shares
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
553689 shares
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
2.02
CY2024 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y4M24D
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
1250132 shares
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
P0Y9M18D
CY2024Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
161540 shares
CY2024 lpth Sharebasedcompensationarrangementbysharebasedpaymentawardequityinstrumentsotherthanoptionsoutstandingweightedaverageremainingcontractualtermsrestricted Stock Award
SharebasedcompensationarrangementbysharebasedpaymentawardequityinstrumentsotherthanoptionsoutstandingweightedaverageremainingcontractualtermsrestrictedStockAward
P1Y6M
CY2024 lpth Balance Ending Shares Exercisable And Vested
BalanceEndingSharesExercisableAndVested
506203 shares
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
2.00
CY2024 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P5Y1M6D
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
587351 shares
CY2024 lpth Balance Ending Shares Unexercisable And Unvested
BalanceEndingSharesUnexercisableAndUnvested
47486 shares
CY2024Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
2.25
CY2024 lpth Weighted Average Remaining Contract Life Unexercisable Balance Ending1
WeightedAverageRemainingContractLifeUnexercisableBalanceEnding1
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CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
662781 shares
CY2024 lpth Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms2
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms2
P0Y9M18D
CY2024 lpth Weighted Average Remaining Contract Life Unexercisable Restricted Shares Award Balance Ending
WeightedAverageRemainingContractLifeUnexercisableRestrictedSharesAwardBalanceEnding
161540 shares
CY2024 lpth Weighted Average Remaining Contract Life Unexercisable Rsa Contract Balance Ending
WeightedAverageRemainingContractLifeUnexercisableRSAContractBalanceEnding
P1Y6M
CY2024Q2 lpth Total Unrecognized Compensation Cost
TotalUnrecognizedCompensationCost
863000 usd
CY2024 lpth Exercise Of Stock Options Rsus Rsas Net Amount
ExerciseOfStockOptionsRsusRsasNetAmount
0 usd
CY2024 lpth Issuance Of Common Stock Under Public Equity Placement Amount
IssuanceOfCommonStockUnderPublicEquityPlacementAmount
806332 usd
CY2024 lpth Issuance Of Common Stock For Acquisition Of Visimid Amount
IssuanceOfCommonStockForAcquisitionOfVisimidAmount
486054 usd
CY2024 us-gaap Share Based Compensation
ShareBasedCompensation
1019023 usd
CY2024 us-gaap Temporary Equity Foreign Currency Translation Adjustments
TemporaryEquityForeignCurrencyTranslationAdjustments
-96600 usd
CY2024 us-gaap Net Income Loss
NetIncomeLoss
-8007346 usd
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
30199665 usd
CY2024 us-gaap Profit Loss
ProfitLoss
8007346 usd
CY2024 us-gaap Provision For Other Credit Losses
ProvisionForOtherCreditLosses
-4426 usd
CY2024 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-960739 usd
CY2024 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
521037 usd
CY2024 us-gaap Repayments Of Debt
RepaymentsOfDebt
2459474 usd
CY2023 us-gaap Repayments Of Debt
RepaymentsOfDebt
1852256 usd
CY2024 us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
131901 usd
CY2023 us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
73003 usd
CY2024 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1466440 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
7455876 usd
CY2024 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-53583 usd
CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-141769 usd
CY2024 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-3664222 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1636599 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
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3480268 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7144490 usd
CY2024 lpth Equipment Deposit Paid In Restricted Stock
EquipmentDepositPaidInRestrictedStock
0 usd
CY2023 lpth Equipment Deposit Paid In Restricted Stock
EquipmentDepositPaidInRestrictedStock
45900 usd
CY2024 lpth Operating Right Of Use Assets Acquired In Exchange For Operating Lease Liabilities
OperatingRightOfUseAssetsAcquiredInExchangeForOperatingLeaseLiabilities
92136 usd
CY2023 lpth Operating Right Of Use Assets Acquired In Exchange For Operating Lease Liabilities
OperatingRightOfUseAssetsAcquiredInExchangeForOperatingLeaseLiabilities
0 usd
CY2024 lpth Management Estimates
ManagementEstimates
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 0in; text-align:justify;"><strong><em>Management estimates.</em> </strong>Management makes estimates and assumptions during the preparation of the Company’s Consolidated Financial Statements that affect amounts reported in the 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>
CY2024Q2 lpth Share Based Payment Arrangement Nonvested Award Cost Not Yet Recognized Amount
ShareBasedPaymentArrangementNonvestedAwardCostNotYetRecognizedAmount
53541 usd
CY2024Q2 lpth Employee Service Share Based Compensation Restricted Stock Award
EmployeeServiceShareBasedCompensationRestrictedStockAward
154309 usd
CY2024 us-gaap Inventory For Long Term Contracts Or Programs Description
InventoryForLongTermContractsOrProgramsDescription
The Company looks at the following criteria for parts to consider for the inventory allowance: (i) items that have not been sold in two years and (ii) items that have not been purchased in two years. These items, as identified, are allowed for at 100%, as well as allowing 50% for other items deemed to be slow moving within the last twelve months and allowing 25% for items deemed to have low material usage within the last six months. Items of which we have greater than a two-year supply are also reserved at 25% to 100%
CY2024Q2 lpth Share Based Payment Arrangements Nonvested Award Cost Not Yet Recognized Amount
ShareBasedPaymentArrangementsNonvestedAwardCostNotYetRecognizedAmount
655504 usd
CY2024Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
863354 usd
CY2024Q2 lpth Cash And Cash Equivalent At Carrying Value
CashAndCashEquivalentAtCarryingValue
3500000 usd
CY2024 us-gaap Foreign Earnings Repatriated
ForeignEarningsRepatriated
1400000 usd
CY2023 us-gaap Foreign Earnings Repatriated
ForeignEarningsRepatriated
1900000 usd
CY2024Q2 lpth Retained Earning Accumulated Deficit
RetainedEarningAccumulatedDeficit
1600000 usd
CY2024Q2 us-gaap Deferred Revenue
DeferredRevenue
725000 usd
CY2023Q2 us-gaap Deferred Revenue
DeferredRevenue
314000 usd
CY2024 us-gaap Revenues
Revenues
31726192 usd
CY2023 us-gaap Revenues
Revenues
32933949 usd
CY2024Q2 us-gaap Inventory Raw Materials
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3112428 usd
CY2023Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
2999879 usd
CY2024Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
2333240 usd
CY2023Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
2909439 usd
CY2024Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
2330287 usd
CY2023Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
2626106 usd
CY2024Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
1224896 usd
CY2023Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
1124690 usd
CY2024Q2 us-gaap Inventory Net
InventoryNet
6551059 usd
CY2023Q2 us-gaap Inventory Net
InventoryNet
7410734 usd
CY2024 us-gaap Inventory Lifo Reserve Effect On Income Net
InventoryLIFOReserveEffectOnIncomeNet
137000 usd
CY2023 us-gaap Inventory Lifo Reserve Effect On Income Net
InventoryLIFOReserveEffectOnIncomeNet
316000 usd
CY2024Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
33513786 usd
CY2023Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
29430398 usd
CY2024Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
18303174 usd
CY2023Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
16619468 usd
CY2024Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
15210612 usd
CY2023Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
12810930 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
12629547 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
10676000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-8978808 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-7343285 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3650739 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3332715 usd
CY2024Q2 us-gaap Capital Units Authorized
CapitalUnitsAuthorized
105000000 shares
CY2024Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2024 us-gaap Auction Market Preferred Securities Stock Shares Outstanding Period Increase Decrease
AuctionMarketPreferredSecuritiesStockSharesOutstandingPeriodIncreaseDecrease
5000000 shares
CY2024Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2024Q2 lpth Preferred Stock Share Authorized
PreferredStockShareAuthorized
5000000 shares
CY2024Q2 lpth Common Stock Share Authorized
CommonStockShareAuthorized
100000000 shares
CY2024 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-7939856 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-3812837 usd
CY2024 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 usd
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 usd
CY2024 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
3800 usd
CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
3799 usd
CY2024 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
185493 usd
CY2023 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
303235 usd
CY2024 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
189293 usd
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
307034 usd
CY2024 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
17000 usd
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
3000 usd
CY2024 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 usd
CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 usd
CY2024 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-138803 usd
CY2023 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-76000 usd
CY2024 lpth Total Deferred
TotalDeferred
-121803 usd
CY2023 lpth Total Deferred
TotalDeferred
-73000 usd
CY2024 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
67490 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
234034 usd
CY2024 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210 pure
CY2024 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-1667370 usd
CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-800696 usd
CY2024 lpth Net Foreign Income Subject To Lower Tax Rate
NetForeignIncomeSubjectToLowerTaxRate
-99300 usd
CY2023 lpth Net Foreign Income Subject To Lower Tax Rate
NetForeignIncomeSubjectToLowerTaxRate
-396742 usd
CY2024 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-299233 usd
CY2023 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-303366 usd
CY2024 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
1026000 usd
CY2023 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-3331277 usd
CY2024 lpth Income Tax Reconciliation Nol Expiration And Adjustments
IncomeTaxReconciliationNOLExpirationAndAdjustments
1325111 usd
CY2023 lpth Income Tax Reconciliation Nol Expiration And Adjustments
IncomeTaxReconciliationNOLExpirationAndAdjustments
4015752 usd
CY2024 lpth Income Tax Reconciliation Gilti
IncomeTaxReconciliationGILTI
0 usd
CY2023 lpth Income Tax Reconciliation Gilti
IncomeTaxReconciliationGILTI
192452 usd
CY2024 lpth Income Tax Reconciliation Federal Research And Development And Other Credits
IncomeTaxReconciliationFederalResearchAndDevelopmentAndOtherCredits
-150873 usd
CY2023 lpth Income Tax Reconciliation Federal Research And Development And Other Credits
IncomeTaxReconciliationFederalResearchAndDevelopmentAndOtherCredits
491112 usd
CY2024 lpth Income Tax Reconciliation Stockbased Compensation
IncomeTaxReconciliationStockbasedCompensation
-4134 usd
CY2023 lpth Income Tax Reconciliation Stockbased Compensation
IncomeTaxReconciliationStockbasedCompensation
-34976 usd
CY2024 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
-64794 usd
CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
-57762 usd
CY2024 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
2083 usd
CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
459537 usd
CY2024 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
67490 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
234034 usd
CY2021Q2 lpth Cash Saving Due To Utilization Of Payroll Tax Deferral
CashSavingDueToUtilizationOfPayrollTaxDeferral
325000 usd
CY2024 lpth Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rates
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRates
0.25 pure
CY2024 us-gaap Dividends
Dividends
1400000 usd
CY2023 us-gaap Dividends
Dividends
1900000 usd
CY2024 lpth Chinese Withholding Tax Paid
ChineseWithholdingTaxPaid
152000 usd
CY2023 lpth Chinese Withholding Tax Paid
ChineseWithholdingTaxPaid
210000 usd
CY2024 lpth Associated Income Tax Expense
AssociatedIncomeTaxExpense
152000 usd
CY2023 lpth Associated Income Tax Expense
AssociatedIncomeTaxExpense
210000 usd
CY2024Q2 lpth Unpaid Withholding Tax
UnpaidWithholdingTax
40000 usd
CY2024 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.20 pure
CY2024Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
9544000 usd
CY2023Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
9243000 usd
CY2024Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
275000 usd
CY2023Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
340000 usd
CY2024Q2 us-gaap Deferred Tax Assets In Process Research And Development
DeferredTaxAssetsInProcessResearchAndDevelopment
1935000 usd
CY2023Q2 us-gaap Deferred Tax Assets In Process Research And Development
DeferredTaxAssetsInProcessResearchAndDevelopment
1787000 usd
CY2024Q2 lpth Deferred Tax Assets Capitalized Rd Expenses
DeferredTaxAssetsCapitalizedRDExpenses
887000 usd
CY2023Q2 lpth Deferred Tax Assets Capitalized Rd Expenses
DeferredTaxAssetsCapitalizedRDExpenses
763000 usd
CY2024Q2 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
200698 usd
CY2023Q2 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
200000 usd
CY2024Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
150000 usd
CY2023Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
15000 usd
CY2024Q2 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
12991698 usd
CY2023Q2 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
12348000 usd
CY2024Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
12083000 usd
CY2023Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
11057000 usd
CY2024Q2 lpth Total Deferred Tax Assets
TotalDeferredTaxAssets
908698 usd
CY2023Q2 lpth Total Deferred Tax Assets
TotalDeferredTaxAssets
1291000 usd
CY2024Q2 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
602895 usd
CY2023Q2 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
740000 usd
CY2024Q2 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
509000 usd
CY2023Q2 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
876000 usd
CY2024Q2 lpth Total Deferred Tax Liabilities
TotalDeferredTaxLiabilities
1111895 usd
CY2023Q2 lpth Total Deferred Tax Liabilities
TotalDeferredTaxLiabilities
1616000 usd
CY2024Q2 lpth Net Deferred Tax Asset
NetDeferredTaxAsset
-203197 usd
CY2023Q2 lpth Net Deferred Tax Asset
NetDeferredTaxAsset
-325000 usd
CY2024 lpth Future Taxable Income
FutureTaxableIncome
39000000 usd
CY2024 lpth Expired Future Taxable Income
ExpiredFutureTaxableIncome
21000000 usd
CY2024 lpth Un Expired Future Taxable Income
UnExpiredFutureTaxableIncome
18000000 usd
CY2024 lpth Valuation Adjustment Against Deferred Tax Asset
ValuationAdjustmentAgainstDeferredTaxAsset
12100000 usd
CY2023 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
1000000.0 usd
CY2024Q2 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
123000 usd
CY2024 lpth Maximum Number Of Shares Empolyee Can Purchase
MaximumNumberOfSharesEmpolyeeCanPurchase
8000 shares
CY2024 lpth Offering Period
OfferingPeriod
P12M
CY2024 lpth Number Of Common Purcase Within Offering Period
NumberOfCommonPurcaseWithinOfferingPeriod
4000 shares
CY2024 lpth Discount Of Purchase Of Common Stock
DiscountOfPurchaseOfCommonStock
4000 usd
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
7615625 shares
CY2024Q2 lpth Share Based Compensation Arrangement By Share Based Payment Award Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOutstandingNumber
1965361 shares
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
1076778 shares
CY2024 lpth Descriptionofstock Options Granted Vest Ratably
DescriptionofstockOptionsGrantedVestRatably
options granted vest ratably over two to four years and are generally exercisable for ten years. The assumed forfeiture rates used in calculating the fair value of RSU grants was 0%, and the assumed forfeiture rates used in calculating the fair value of options for performance and service conditions were 20% for each of the years ended June 30, 2024 and 2023. The volatility rate and expected term are based on seven-year
CY2022Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
1064012 shares
CY2022Q2 lpth Share Based Compensation Arrangement By Share Based Payment Award Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonvestedWeightedAverageGrantDateFairValue
1.71
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
858328 shares
CY2023 lpth Share Based Compensation Arrangement By Share Based Payment Awards Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardsGrantsInPeriodWeightedAverageGrantDateFairValue
1.24
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
998400 shares
CY2023 lpth Share Based Compensation Arrangement By Share Based Payment Award Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardVestedInPeriodWeightedAverageGrantDateFairValue
1.52
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
26542 shares
CY2023 lpth Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Cancelled Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedCancelledForfeitedWeightedAverageGrantDateFairValue
0
CY2023Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
897398 shares
CY2023Q2 lpth Share Based Compensation Arrangement By Share Based Payment Award Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonvestedWeightedAverageGrantDateFairValue
1.40
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
842111 shares
CY2024 lpth Share Based Compensation Arrangement By Share Based Payment Awards Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardsGrantsInPeriodWeightedAverageGrantDateFairValue
1.40
CY2024 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
806409 shares
CY2024 lpth Share Based Compensation Arrangement By Share Based Payment Award Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardVestedInPeriodWeightedAverageGrantDateFairValue
1.57
CY2024 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
61293 shares
CY2024 lpth Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Cancelled Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedCancelledForfeitedWeightedAverageGrantDateFairValue
1.43
CY2024Q2 lpth Share Based Compensation Arrangement By Share Based Payment Award Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonvestedWeightedAverageGrantDateFairValue
1.42
CY2024 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1019023 usd
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1310957 usd
CY2024 us-gaap Net Income Loss
NetIncomeLoss
-8007346 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-4046871 usd
CY2024 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37944935 shares
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
31637445 shares
CY2024 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37944935 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
31637445 shares
CY2024 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.21
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.13
CY2024 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.21
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.13
CY2024 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1789940 shares
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2547738 shares
CY2024 lpth Description Of Plan
DescriptionOfPlan
Under the Insperity Plan, the Company matched 100% of the first 2% of employee contributions. Effective February 24, 2023, all plan assets were transferred to the LightPath Technologies Inc. 401(k) plan (the “LightPath Plan”). The LightPath Plan is a defined 401(k) contribution plan, administered by a third party, that all U.S. employees, over the age of 21, are eligible to participate in after three months of employment. Under the LightPath Plan, the Company matches 100% of the first 2% of employee contributions. As of June 30, 2024, there were 50 employees enrolled in this plan
CY2024 us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
108000 usd
CY2023 us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
121000 usd
CY2024 lpth Description Of Leased Space
DescriptionOfLeasedSpace
The first lease (the “Orlando Lease”) was amended effective April 30, 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. Minimum rental rates for the extension term were established based on annual increases of approximately three percent (3%). Additionally, there is one five-year extension option exercisable by the Company. The minimum rental rates for such additional extension option
CY2024 lpth Operating Lease Expiry Year
OperatingLeaseExpiryYear
2034
CY2024 lpth Lease Term
LeaseTerm
P12M
CY2024 lpth Tenant Improvement Allowances
TenantImprovementAllowances
2400000 usd
CY2024 lpth Estimated Cost Of Tenant Improvement Allowances
EstimatedCostOfTenantImprovementAllowances
3700000 usd
CY2024 us-gaap Operating Lease Cost
OperatingLeaseCost
947154 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
875454 usd
CY2024 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
95546 usd
CY2023 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
71326 usd
CY2024 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
39972 usd
CY2023 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
7590 usd
CY2024 lpth Total Finance Lease Cost
TotalFinanceLeaseCost
135518 usd
CY2023 lpth Total Finance Lease Cost
TotalFinanceLeaseCost
78916 usd
CY2024 us-gaap Lease Cost
LeaseCost
1082672 usd
CY2023 us-gaap Lease Cost
LeaseCost
954370 usd
CY2024Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
6741549 usd
CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
9571604 usd
CY2024Q2 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
1063768 usd
CY2023Q2 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
542105 usd
CY2024Q2 lpth Total Lease Assets
TotalLeaseAssets
7805317 usd
CY2023Q2 lpth Total Lease Assets
TotalLeaseAssets
10113709 usd
CY2024Q2 lpth Operating Lease Liabilities Current
OperatingLeaseLiabilitiesCurrent
1059998 usd
CY2023Q2 lpth Operating Lease Liabilities Current
OperatingLeaseLiabilitiesCurrent
969890 usd
CY2024Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
177148 usd
CY2023Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
103646 usd
CY2024Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
8058502 usd
CY2023Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
8393248 usd
CY2024Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
528753 usd
CY2023Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
341201 usd
CY2024Q2 lpth Total Lease Liabilities
TotalLeaseLiabilities
9824401 usd
CY2023Q2 lpth Total Lease Liabilities
TotalLeaseLiabilities
9807985 usd
CY2024Q2 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
109000 usd
CY2023Q2 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
72000 usd
CY2024 lpth Weighted Average Remaining Lease Term In Years Operating Leases
WeightedAverageRemainingLeaseTermInYearsOperatingLeases
P9Y4M24D
CY2024 lpth Weighted Average Remaining Lease Term In Years Finance Leases
WeightedAverageRemainingLeaseTermInYearsFinanceLeases
P4Y
CY2024Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.029 pure
CY2024Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.081 pure
CY2024 us-gaap Operating Lease Payments Use
OperatingLeasePaymentsUse
932122 usd
CY2023 us-gaap Operating Lease Payments Use
OperatingLeasePaymentsUse
1020992 usd
CY2024 lpth Finance Lease Payments Use
FinanceLeasePaymentsUse
39972 usd
CY2023 lpth Finance Lease Payments Use
FinanceLeasePaymentsUse
7590 usd
CY2024 lpth Financing Cash Used For Finance Leases
FinancingCashUsedForFinanceLeases
131901 usd
CY2023 lpth Financing Cash Used For Finance Leases
FinancingCashUsedForFinanceLeases
73003 usd
CY2024Q2 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
228515 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1158942 usd
CY2024Q2 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
206200 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1130756 usd
CY2024Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
179552 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1137989 usd
CY2024Q2 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
161011 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1156405 usd
CY2024Q2 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
57642 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1186646 usd
CY2024Q2 lpth Finance Lease Liability Payments Due After Year Four
FinanceLeaseLiabilityPaymentsDueAfterYearFour
0 usd
CY2024Q2 lpth Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
5569120 usd
CY2024Q2 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
832920 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
11339858 usd
CY2024Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
127019 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2221358 usd
CY2024Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
705901 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
9118500 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
210260 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
149100 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
105414 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
70276 usd
CY2024Q2 us-gaap Long Term Debt
LongTermDebt
535050 usd
CY2024Q2 us-gaap Loans Payable Current
LoansPayableCurrent
209170 usd
CY2024Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
325880 usd
CY2021 us-gaap Payments For Fees
PaymentsForFees
718000 usd
CY2022 us-gaap Payments For Fees
PaymentsForFees
400000 usd
CY2023Q4 lpth Related Expenses
RelatedExpenses
190000 usd
CY2024 us-gaap Loss Contingency Accrual Payments
LossContingencyAccrualPayments
485000 usd
CY2022Q2 lpth Accrued Liability
AccruedLiability
430000 usd
CY2024Q2 lpth Cumulative Gain
CumulativeGain
510000 usd
CY2023Q2 lpth Cumulative Gain
CumulativeGain
607000 usd
CY2024 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
73000 usd
CY2023 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
-37000 usd
CY2024 us-gaap Revenues
Revenues
31726192 usd
CY2023 us-gaap Revenues
Revenues
32933949 usd
CY2024Q2 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
32566628 usd
CY2023Q2 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
31776093 usd
CY2023 lpth Aggregate Accounts Receivable
AggregateAccountsReceivable
0.25 pure
CY2024 lpth Aggregate Accounts Receivable
AggregateAccountsReceivable
0.16 pure
CY2023 lpth Aggregate Annual Revenue
AggregateAnnualRevenue
0.24 pure
CY2024 lpth Aggregate Annual Revenue
AggregateAnnualRevenue
0.25 pure

Files In Submission

Name View Source Status
0001654954-24-012103-index-headers.html Edgar Link pending
0001654954-24-012103-index.html Edgar Link pending
0001654954-24-012103.txt Edgar Link pending
0001654954-24-012103-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
lpth-20240630.xsd Edgar Link pending
lpth_10k.htm Edgar Link pending
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lpth-20240630_def.xml Edgar Link unprocessable
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lpth_10k_htm.xml Edgar Link completed
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report.css Edgar Link pending
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lpth-20240630_cal.xml Edgar Link unprocessable