XML 26 R15.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Note 9 - Accrued Liabilities | 6 Months Ended
--- | ---
Mar. 31, 2018
Notes to Financial Statements |
Current and Noncurrent Accrued Liabilities [Text Block] | 9. ACCRUED LIABILITIES Accrued liabilities consisted of the following:
|  | March 31, |  |  | September 30, |
|  | 2018 |  |  | 2017 |
Payroll and related |  | $ | 1,214,039 |  |  | $ | 1,870,579 |
Deferred revenue |  |  | 1,028,497 |  |  |  | 268,580 |
Accrued contract costs |  |  | 474,068 |  |  |  | 197,034 |
Severance |  |  | 327,937 |  |  |  | - |
Acquisition escrow liability |  |  | 185,250 |  |  |  | - |
Warranty reserve |  |  | 169,204 |  |  |  | 179,101 |
Deferred rent |  |  | 15,367 |  |  |  | 46,101 |
Total |  | $ | 3,414,362 |  |  | $ | 2,561,395 |
Payroll and related Payroll and related consists primarily of accrued vacation, bonus, sales commissions, and benefits. Deferred Revenue Deferred revenue consists primarily of prepayments from customers in advance of product shipment. Warranty Reserve Changes in the warranty reserve and extended warranty were as follows:
|  | Three months ended |  |  | Six months ended |
|  | March 31, |  |  | March 31, |
|  | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |
Beginning balance |  | $ | 188,308 |  |  | $ | 353,938 |  |  | $ | 179,101 |  |  | $ | 356,984 |
Warranty provision |  |  | - |  |  |  | 101,673 |  |  |  | 12,361 |  |  |  | 111,369 |
Warranty settlements |  |  | (19,104 | ) |  |  | (6,470 | ) |  |  | (22,258 | ) |  |  | (19,212 | )
Ending balance |  | $ | 169,204 |  |  | $ | 449,141 |  |  | $ | 169,204 |  |  | $ | 449,141 |
Accrued contract costs The Company has contracted with a third -party service provider to administer the required services under the terms of a repair and maintenance agreement with a foreign military. This payment is made in arrears for each contract year ended March 26.

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