XML 75 R31.htm IDEA: XBRL DOCUMENT v3.20.2

Compensatory Equity Incentive Plan and Other Equity Incentives (Tables)

12 Months Ended

Jun. 30, 2020

Share-based Payment Arrangement [Abstract]

Schedule of share based compensation award plans

Equity Compensation Arrangement		Award Shares Authorized				Outstanding at June 30, 2020				Available for Issuance at June 30, 2020
SICP (or Omnibus Plan)			5,115,625				3,262,426				930,326
2014 ESPP			400,000				—				306,600
			5,515,625				3,262,426				1,236,926

Schedule of stock options fair value assumptions

		Year Ended June 30,
		2020				2019
Weighted-average expected volatility			64.4	%			69.5	%
Dividend yields			0	%			0	%
Weighted-average risk-free interest rate			1.53	%			3.00	%
Weighted-average expected term, in years			6.93				7.50

Schedule of share-based payment awards activity

		Stock Options												Restricted Stock Units (RSUs)
						Weighted-				Weighted-								Weighted-
						Average				Average								Average
						Exercise				Remaining								Remaining
		Shares				Price				Contract				Shares				Contract
June 30, 2018			1,005,129			$	1.77				6.3				1,649,353				0.9
Granted			13,058			$	2.10				9.4				229,509				2.4
Exercised			(17,610	)		$	1.08								(14,336	)
Cancelled/Forfeited			(20,652	)		$	1.17								—
June 30, 2019			979,925			$	1.80				5.5				1,864,526				0.9
Granted			314,817			$	1.60				9.6				484,000				2.4
Exercised			(29,356	)		$	1.35								(17,204	)
Cancelled/Forfeited			(322,811	)		$	2.08								(11,471	)
June 30, 2020			942,575			$	1.65				6.5				2,319,851				0.9
Awards exercisable/
vested as of
June 30, 2020			676,293			$	1.63				5.3				1,650,325				—
Awards unexercisable/
unvested as of
June 30, 2020			266,282			$	1.70				9.6				669,526				0.9
			942,575												2,319,851

Schedule of share-based compensation future cost to be recognized

		Stock
Fiscal Year Ending:		Options				RSUs				Total
June 30, 2021		$	59,572			$	271,867			$	331,439
June 30, 2022			55,654				148,543				204,197
June 30, 2023			62,517				68,704				131,221
June 30, 2024			46,945				40,539				87,484
		$	224,688			$	529,653			$	754,341

Summary of the number and weighted average grant date fair values regarding our unexercisable/unvested awards

Unexercisable/Unvested Awards		Stock Options Shares				RSU Shares				Total Shares				Weighted-Average Grant Date Fair Values (per share)
June 30, 2018			218,419				361,983				580,402			$	1.53
Granted			13,058				229,509				242,567			$	1.80
Vested			(118,282	)			(191,348	)			(309,630	)		$	1.79
Cancelled/Forfeited			(2,500	)			-				(2,500	)		$	0.97
June 30, 2019			110,695				400,144				510,839			$	2.09
Granted			314,817				484,000				798,817			$	0.79
Vested			(99,151	)			(203,147	)			(302,298	)		$	1.78
Cancelled/Forfeited			(60,079	)			(11,471	)			(71,550	)		$	2.70
June 30, 2020			266,282				669,526				935,808			$	1.10

Schedule of total stock-based compensation expense included in the consolidated statements of comprehensive income

		Year Ended June 30,
		2020				2019
Stock options		$	(59,019	)		$	36,461
RSUs			309,757				358,329
Total		$	250,738			$	394,790
The amounts above were included in:
Selling, general & administrative		$	250,738			$	393,352
Cost of sales			-				1,620
New product development			-				(182	)
		$	250,738			$	394,790

X

- Definition

Tabular disclosure of the number of unvested share options and restricted stock units and shares expected to vest at the date of the latest statement of financial position, weighted-average exercise price (or conversion ratio), aggregate intrinsic value (except for nonpublic entities), and weighted-average remaining contractual term for both options and restricted stock units currently outstanding and options and restricted stock units exercisable (or convertible).

+ References

No definition available.

+ Details

Name:	LPTH_ShareBasedCompensationArrangementByShareBasedPaymentAwardsUnvestOutstandingAndExercisableTableTextBlock
Namespace Prefix:	LPTH_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of share-based payment arrangement.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5047-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

+ Details

Name:	us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 14.F)
-URI http://asc.fasb.org/extlink&oid=115993241&loc=d3e301413-122809

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5047-113901

+ Details

Name:	us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of activity for award under share-based payment arrangement. Includes, but is not limited to, outstanding award at beginning and end of year, granted, exercised, forfeited, and weighted-average grant date fair value.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(2)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (f)(2)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of cost not yet recognized and weighted-average period over which cost is expected to be recognized for nonvested award under share-based payment arrangement.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (i)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfUnrecognizedCompensationCostNonvestedAwardsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration