Lattice Inc (LTTC) Financial Statements (2023 and Earlier)

Company Profile

Business Address 7150 N. PARK DRIVE
PENNSAUKEN, NJ 08109
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3661 - Telephone and Telegraph Apparatus (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments18725631330
Cash and cash equivalents18725631330
Receivables9782,3393502,421
Inventory, net of allowances, customer advances and progress billings5129
Inventory5129 
Prepaid expense and other current assets134
Costs in excess of billings  (46) 
Other current assets17746674
Other undisclosed current assets3254491,944 
Total current assets:1,7173,5112,6442,585
Noncurrent Assets
Property, plant and equipment516692862518
Long-term investments and receivables 485350 
Accounts and financing receivable, after allowance for credit loss 485350 
Intangible assets, net (including goodwill)5206508952,524
Goodwill   691
Intangible assets, net (excluding goodwill)5206508951,833
Other noncurrent assets 7613
Prepaid expense and other noncurrent assets3
Other undisclosed noncurrent assets820  (691)
Total noncurrent assets:1,8561,9032,1202,355
TOTAL ASSETS:3,5735,4144,7644,940
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,5013,8523,3403,354
Accounts payable2,3901,3771,0761,854
Accrued liabilities1,1102,4752,2641,500
Debt1,8121,4182,6022,278
Derivative instruments and hedges, liabilities307012358
Deferred revenue and credits16783  
Customer advances and deposits4011,187
Other undisclosed current liabilities2,750 1,070457
Total current liabilities:8,6606,6107,1346,146
Noncurrent Liabilities
Long-term debt and lease obligation147378100422
Long-term debt, excluding current maturities140378100422
Capital lease obligations7   
Liabilities, other than long-term debt 771 94
Deferred tax liabilities, net   94
Derivative instruments and hedges, liabilities 771  
Other undisclosed noncurrent liabilities2,136   
Total noncurrent liabilities:2,2821,150100517
Total liabilities:10,9437,7607,2346,663
Stockholders' equity
Stockholders' equity attributable to parent, including:(7,370)(2,345)(2,470)(1,843)
Common stock947539353326
Treasury stock, value(558)(558)(558)(558)
Common stock, value, subscriptions5 
Additional paid in capital45,67445,48543,71443,338
Accumulated other comprehensive income32  
Accumulated deficit(53,451)(47,894)(46,066)(45,039)
Other undisclosed stockholders' equity attributable to parent10808790
Stockholders' equity attributable to noncontrolling interest   120
Total stockholders' equity:(7,370)(2,345)(2,470)(1,722)
TOTAL LIABILITIES AND EQUITY:3,5735,4144,7644,940

Income Statement (P&L) ($ in thousands)

12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues
(Revenue, Net)
7,5878,9418,27010,774
Cost of revenue(4,730)(5,336)(5,461)(6,996)
Gross profit:2,8573,6052,8093,778
Operating expenses(5,787)(5,091)(3,428)(4,340)
Operating loss:(2,930)(1,486)(619)(562)
Nonoperating expense(2,602)(316)(399)(138)
Other nonoperating income   256
Interest and debt expense(1,033)(619)(327)(433)
Loss from continuing operations before income taxes:(6,565)(2,421)(1,345)(1,133)
Income tax expense (benefit)  (2)130
Loss from continuing operations:(6,565)(2,421)(1,347)(1,003)
Loss from discontinued operations  (504) 
Loss before gain (loss) on sale of properties:(6,565)(2,421)(1,851)(1,003)
Other undisclosed net income   433
Net loss:(6,565)(2,421)(1,851)(571)
Other undisclosed net income attributable to parent1,033619849 
Net loss attributable to parent:(5,532)(1,802)(1,002)(571)
Preferred stock dividends and other adjustments   (25)
Other undisclosed net loss available to common stockholders, basic(25)(25)(25) 
Net loss available to common stockholders, diluted:(5,557)(1,827)(1,027)(596)

Comprehensive Income ($ in thousands)

12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net loss:(6,565)(2,421)(1,851)(571)
Other undisclosed comprehensive income1,033619  
Comprehensive loss:(5,532)(1,802)(1,851)(571)
Other undisclosed comprehensive income, net of tax, attributable to parent12  
Comprehensive loss, net of tax, attributable to parent:(5,532)(1,800)(1,851)(571)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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