XML 45 R31.htm IDEA: XBRL DOCUMENT v3.23.2

Compensatory Equity Incentive Plan and Other Equity Incentives (Tables)

12 Months Ended

Jun. 30, 2023

Compensatory Equity Incentive Plan and Other Equity Incentives

Schedule of share based compensation award plans

Equity Compensation Arrangement		Award Shares Authorized				Outstanding at June 30, 2023				Available for Issuance at June 30, 2023
SICP (or Omnibus Plan)			7,215,625				2,232,417				1,633,538
2014 ESPP			400,000				—				243,920
			7,615,625				2,232,417				1,877,458

Schedule of stock options fair value assumptions

		Year Ended June 30, 2022
Weighted-average expected volatility			80.8	%
Dividend yields			0	%
Weighted-average risk-free interest rate			2.09	%
Weighted-average expected term, in years			3.75

Schedule of share-based payment awards activity

		Stock Options												Restricted Stock Units (RSUs)								Restricted Stock Awards (RSAs)
						Weighted-				Weighted-								Weighted-								Weighted-
						Average				Average								Average								Average
						Exercise				Remaining								Remaining								Remaining
		Shares				Price				Contract				Shares				Contract				Shares				Contract
June 30, 2021			432,927			$	2.01				8.8				1,761,885				0.9				—
Granted			125,000			$	2.02								368,461				1.2				—
Exercised			-			$	-								(45,143	)							—
Cancelled/Forfeited			(23,465	)		$	1.67								(5,534	)							—
June 30, 2022			534,462			$	2.03				7.0				2,079,669				0.9				—
Granted			-			$	-								611,386								246,942
Exercised			-			$	-								(1,068,291	)							(145,209	)
Cancelled/Forfeited			-			$	-								(26,542	)							—
June 30, 2023			534,462			$	2.03				6.1				1,596,222				1.1				101,733				0.7
Awards exercisable/
vested as of
June 30, 2023			396,202			$	1.96				5.8				938,817				—				—
Awards unexercisable/
unvested as of
June 30, 2023			138,260			$	2.21				7.1				657,405				1.1				101,733				0.7
			534,462												1,596,222								101,733

Schedule of share-based payment awards exercised and vested

		Year Ended June 30,
		2023				2022
Intrinsic Value - Exercised
RSUs		$	1,648,874			$	77,284
RSAs			190,720				-
Fair Value - Vested
Stock Options			6,500				24,000
RSUs			793,880				395,223
RSAs			189,473				-

		As of June 30,
		2023				2022
Stock options		$	2,430			$	42,463
RSUs			1,267,403				1,642,023

Schedule of share-based compensation future cost to be recognized

Fiscal Year Ending:		Stock Options				RSAs				RSUs				Total
June 30, 2024			94,196				56,744				416,582				567,522
June 30, 2025			33,885				23,718				130,589				188,192
June 30, 2026			—				—				19,829				19,829
		$	128,081			$	80,462			$	567,000			$	775,543

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

Unexercisable/Unvested Awards		Stock Options Shares				RSU Shares				RSA Shares				Total Shares				Weighted-Average Grant Date Fair Values (per share)
June 30, 2021			321,984				598,587				-				920,571			$	1.59
Granted			125,000				368,461				-				493,461			$	1.74
Vested			(118,696	)			(216,823	)			-				(335,519	)		$	1.42
Cancelled/Forfeited			(8,967	)			(5,534	)			-				(14,501	)		$	1.97
June 30, 2022			319,321				744,691				-				1,064,012			$	1.71
Granted			-				611,386				246,942				858,328			$	1.24
Vested			(181,061	)			(672,130	)			(145,209	)			(998,400	)		$	1.52
Cancelled/Forfeited			-				(26,542	)			-				(26,542	)		$	-
June 30, 2023			138,260				657,405				101,733				897,398			$	1.40

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

		Year Ended June 30,
		2023				2022
Stock options		$	200,854			$	144,682
RSAs			168,673				—
RSUs			941,430				680,568
Total		$	1,310,957			$	825,250

X

- 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
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 718
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types: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
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types: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
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-SubTopic 10
-Topic 718
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)
-SubTopic 10
-Topic 718
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

+ Details

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

X

- Definition

Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types: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
-Topic 718
-SubTopic 10
-Subparagraph (f)(2)
-Name Accounting Standards Codification
-Paragraph 2
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types: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
-Topic 718
-SubTopic 10
-Subparagraph (i)
-Name Accounting Standards Codification
-Paragraph 2
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

+ Details

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