XML 40 R29.htm IDEA: XBRL DOCUMENT
v3.23.1

Leases (Tables) | 9 Months Ended
--- | ---
Mar. 31, 2023
Leases |
Lease Costs |
|  | Three Months Ended March 31, |  |  | Nine Months Ended March 31, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Operating lease cost |  | $ | 230,349 |  |  | $ | 129,934 |  |  | $ | 646,274 |  |  | $ | 474,075 |
Finance lease cost: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Depreciation of lease assets |  |  | 7,299 |  |  |  | 36,767 |  |  |  | 75,521 |  |  |  | 127,946 |
Interest on lease liabilities |  |  | 1,956 |  |  |  | 4,323 |  |  |  | 5,826 |  |  |  | 16,070 |
Total finance lease cost |  |  | 9,255 |  |  |  | 41,090 |  |  |  | 81,347 |  |  |  | 144,016 |
Total lease cost |  | $ | 239,604 |  |  | $ | 171,024 |  |  | $ | 727,621 |  |  | $ | 618,091 |
Supplement Balance Sheet Classification Information |
|  | Classification |  | March 31, 2023 |  |  | June 30, 2022 |
Assets: |  |  |  |  |  |  |  |
Operating lease assets |  | Operating lease assets |  | $ | 9,698,797 |  |  | $ | 10,420,604 |
Finance lease assets |  | Property and equipment, net(1) |  |  | 84,134 |  |  |  | 61,566 |
Total lease assets |  |  |  | $ | 9,782,931 |  |  | $ | 10,482,170 |
Liabilities: |  |  |  |  |  |  |  |  |  |
Current: |  |  |  |  |  |  |  |  |  |
Operating leases |  | Operating lease liabilities, current |  | $ | 971,069 |  |  | $ | 965,622 |
Finance leases |  | Finance lease liabilities, current |  |  | 40,187 |  |  |  | 55,348 |
Noncurrent: |  |  |  |  |  |  |  |  |  |
Operating leases |  | Operating lease liabilities, less current portion |  |  | 8,661,517 |  |  |  | 9,478,077 |
Finance leases |  | Finance lease liabilities, less current portion |  |  | 47,191 |  |  |  | 11,454 |
Total lease liabilities |  |  |  | $ | 9,719,964 |  |  | $ | 10,510,501 |
Lease Term And Discount Rate |
Lease Term and Discount Rate |  | March 31, 2023 |
Weighted Average Remaining Lease Term (in years) |
Operating leases |  |  | 9.5 |
Finance leases |  |  | 2.4 |
Weighted Average Discount Rate |  |  |  |
Operating leases |  |  | 2.9 | %
Finance leases |  |  | 8.4 | %
Supplemental Lease Information |
|  | Nine Months Ended March 31, |
|  | 2023 |  |  | 2022 |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |
Operating cash used for operating leases |  | $ | 772,659 |  |  | $ | 638,943 |
Operating cash used for finance leases |  | $ | 4,242 |  |  | $ | 16,070 |
Financing cash used for finance leases |  | $ | 63,345 |  |  | $ | 172,344 |
Future Maturities Of Lease Liabilities |
Fiscal year ending: |  | Finance Leases |  |  | Operating Leases |
June 30, 2023 (remaining three months) |  | $ | 11,511 |  |  | $ | 60,206 |
June 30, 2024 |  |  | 43,683 |  |  |  | 992,992 |
June 30, 2025 |  |  | 31,872 |  |  |  | 1,227,351 |
June 30, 2026 |  |  | 9,557 |  |  |  | 1,197,686 |
June 30, 2027 |  |  | — |  |  |  | 1,168,706 |
Thereafter |  |  | — |  |  |  | 6,938,968 |
Total future minimum payments |  |  | 96,623 |  |  |  | 11,585,909 |
Less imputed interest |  |  | (9,245 | ) |  |  | (1,953,323 | )
Present value of lease liabilities |  | $ | 87,378 |  |  | $ | 9,632,586 |

X
- References No definition available. + Details
Name: | lpth_FinanceAndOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | lpth_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | lpth_LeaseTermAndDiscountRate
Namespace Prefix: | lpth_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | lpth_OperatingLeasesOfLesseeDisclosureTableTextBlock
Namespace Prefix: | lpth_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918686-209980 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -URI https://asc.fasb.org/topic&trid=2122208 + Details
Name: | us-gaap_SupplementalBalanceSheetDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration