v3.25.4

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2025	Jun. 30, 2025
Current assets:
Cash and cash equivalents	$ 22,964	$ 20,098
Accounts receivable, net	23,261	25,092
Inventories, net	27,074	26,371
Contract manufacturers' receivable	1,114	3,071
Prepaid expenses and other current assets	3,488	2,761
Total current assets	77,901	77,393
Property and equipment, net	1,818	2,456
Goodwill	31,089	31,089
Intangible assets, net	2,543	3,738
Lease right-of-use assets	7,713	8,422
Other assets	667	624
Total assets	121,731	123,722
Current liabilities:
Accounts payable	12,669	13,259
Accrued payroll and related expenses	4,163	3,471
Current portion of long-term debt, net	0	3,070
Other current liabilities	11,536	10,622
Total current liabilities	28,368	30,422
Long-term debt, net	9,677	8,684
Other non-current liabilities	9,265	10,238
Total liabilities	47,310	49,344
Commitments and contingencies (Note 8)
Stockholders' equity:
Common stock	4	4
Additional paid-in capital	311,171	308,397
Accumulated deficit	(237,125)	(234,394)
Accumulated other comprehensive income	371	371
Total stockholders' equity	74,421	74,378
Total liabilities and stockholders' equity	$ 121,731	$ 123,722

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

LANTRONIX INC 10-Q