XML 36 R25.htm IDEA: XBRL DOCUMENT
v3.25.1

Acquisition of G5 Infrared (Tables) | 9 Months Ended
--- | ---
Mar. 31, 2025
Acquisition of G5 Infrared |
Fair value of consideration transferred |
Description |  | February 18, 2025 |
Cash consideration |  | $ | 20,250,000 |
Equity portion of consideration |  |  | 4,872,077 |
Earnout portion of consideration |  |  | 2,501,000 |
Fair value of consideration transferred |  | $ | 27,623,077 |
Fair value of consideration transferred to assets acquired and liabilities |
Description |  |  |
Preliminary fair value of estimated purchase consideration |  | $ | 27,623,077 |
Assets: |  |  |  |
Cash |  |  | - |
Accounts receivable |  |  | 1,897,098 |
Inventory |  |  | 5,065,451 |
Prepaid expenses and other current assets |  |  | 363,413 |
Property and equipment |  |  | 1,542,707 |
Operating right-of-use asset |  |  | 463,985 |
Intangible assets |  |  | 19,295,000 |
Other assets |  |  | 21,748 |
Total Assets |  |  | 28,649,402 |
Liabilities: |  |  |  |
Accounts payable |  |  | 1,981,164 |
Accrued liabilities |  |  | 336,263 |
Operating lease liabilities, current |  |  | 268,972 |
Deferred tax liabilities, noncurrent |  |  | 1,174,650 |
Operating lease liabilities, noncurrent |  |  | 242,620 |
Total Liabilities Assumed |  |  | 4,003,669 |
Net Assets |  |  | 24,645,733 |
Goodwill |  | $ | 2,977,344 |
Identifiable intangible assets acquired |
Intangible Asset |  | Total |  |  | Useful Lives (Years) |
Backlog |  | $ | 4,265,000 |  |  |  | 1 |
Know-how |  |  | 5,656,000 |  |  |  | 10 |
Tradename |  |  | 3,564,000 |  |  |  | 15 |
Customer relationships |  |  | 5,810,000 |  |  |  | 15 |
Total |  | $ | 19,295,000 |  |  |  |  |
Schedule of financial results of G5 infrared |
|  | Three Months Ended March 31, |  |  | Nine Months Ended March 31, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Revenue |  | $ | 10,373,802 |  |  | $ | 9,828,325 |  |  | $ | 37,108,202 |  |  | $ | 37,331,752 |
Income before taxes |  | $ | (3,340,705 | ) |  | $ | (3,043,300 | ) |  | $ | (6,258,058 | ) |  | $ | (2,888,463 | )

X
- References No definition available. + Details
Name: | lpth_AcquisitionOfG5InfraredAbstract
Namespace Prefix: | lpth_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

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

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

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

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