XML 29 R16.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Note 9 - Accrued and Other Liabilities - Noncurrent | 12 Months Ended
--- | ---
Sep. 30, 2017
Notes to Financial Statements |
Current and Noncurrent Accrued Liabilities [Text Block] | 9 . ACCRUED AND OTHER LIABILITIES—NONCURRENT Accrued liabilities consisted of the following:
|  | September 30, |
|  | 2017 |  |  | 2016 |
Payroll and related |  | $ | 1,870,579 |  |  | $ | 382,845 |
Deferred revenue |  |  | 268,580 |  |  |  | 637,763 |
Warranty reserve |  |  | 179,101 |  |  |  | 285,402 |
Accrued contract costs |  |  | 197,034 |  |  |  | 197,034 |
Deferred rent |  |  | 46,101 |  |  |  | - |
Total |  | $ | 2,561,395 |  |  | $ | 1,503,044 |
Other liabilities - noncurrent consisted of the following:
Deferred rent |  | $ | - |  |  | $ | 93,456 |
Extended warranty |  |  | - |  |  |  | 71,582 |
Total |  | $ | - |  |  | $ | 165,038 |
Payroll and related Accrued payroll and related consists primarily of accrued bonus, accrued vacation, accrued sales commissions and benefits at September 30, 2017 and 2016. Deferred Revenue Deferred revenue at September 30, 201 7 included prepayments from customers on current orders scheduled for delivery in the year ended September 30, 2018. Warranty Reserve Details of the estimated warranty reserve were as follows:
|  | Years ended September 30, |
|  | 2017 |  |  | 2016 |
Beginning balance |  | $ | 356,984 |  |  | $ | 315,618 |
Warranty provision |  |  | (109,925 | ) |  |  | 79,954 |
Warranty settlements |  |  | (67,958 | ) |  |  | (38,588 | )
Ending balance |  | $ | 179,101 |  |  | $ | 356,984 |
|  | September 30, |
|  | 2017 |  |  | 2016 |
Short-term warranty reserve |  | $ | 179,101 |  |  | $ | 285,402 |
Long-term warranty reserve |  |  | - |  |  |  | 71,582 |
Total warranty reserve |  | $ | 179,101 |  |  | $ | 356,984 |
The Company establishes a warranty reserve based on anticipated warranty claims at the time product revenue is recognized. Factors affecting warranty reserve levels include the number of units sold, anticipated cost of warranty repairs and anticipated rates of warranty claims. The Company evaluates the adequacy of the provision for warranty costs each reporting period and in the fourth quarter of fiscal 2017 reduced the accrued warranty liability by $203,000 to an amount equal to estimated warranty expense for products currently under warranty. Accrued contract costs Accrued contract costs consist of accrued expenses for contracting a third party service provider to fulfill repair and maintenance obligations required under a contract through 2019 with a foreign military for units sold in the year ended September 30, 2011. Payments to the service provider will be made annually upon completion of each year of service. These services are being recorded in cost of revenues to correspond with the revenues for these services.

X
- Definition Current and noncurrent accrued liabilities [text block] + References No definition available. + Details
Name: | lrad_CurrentAndNoncurrentAccruedLiabilitiesTextBlock
Namespace Prefix: | lrad_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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