XML 60 R16.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Note 9 - Prepaid Expenses and Other | 12 Months Ended
--- | ---
Sep. 30, 2019
Notes to Financial Statements |
Prepaid Expenses And Other Disclosure [Text Block] | 9 . PREPAID EXPENSES AND OTHER
|  | September 30, |
|  | 2019 |  |  | 2018 |
Deposits for inventory |  | $ | 1,064,640 |  |  | $ | 1,366,069 |
Leashold improvement receivable |  |  | - |  |  |  | 1,132,017 |
Prepaid insurance |  |  | 194,285 |  |  |  | 162,822 |
Prepaid rent |  |  | 87,782 |  |  |  | - |
Prepaid maintenance agreement |  |  | - |  |  |  | 93,750 |
Dues and subscriptions |  |  | 88,031 |  |  |  | 92,097 |
Other |  |  | 347,099 |  |  |  | 244,646 |
|  | $ | 1,781,837 |  |  | $ | 3,091,401 |
Deposits for inventory Deposits for inventory consisted of cash payments to vendors for inventory to be delivered in the future. Leasehold improvement receivable Leasehold improvement receivable represents amounts owed to the Company by the landlord for costs incurred to renovate and prepare the Company’s new facility for use. The lease provided an allowance for tenant improvements of $1,588,214. Refer to Note 13, Commitments and Contingencies, for additional information about this lease. As of September 30, 2019, the Company has received the full tenant improvement allowance. Prepaid Rent Prepaid rent consists of payments made in advance for the Company’s facility lease. Prepaid Insurance Prepaid insurance consisted of premiums paid for health, commercial and corporate insurance. These premiums are amortized on a straight-line basis over the term of the agreements. Prepaid maintenance agreement At March 31, 2011, prepaid expenses included $1,500,000 paid to a third party service provider in connection with the Company’s obligations under a sales contract to a foreign military service to provide repair and maintenance services over an eight year period for products sold thereunder. The total prepaid expense was amortized on a straight-line basis at an annual rate of $187,500 over the eight -year contract period to correspond with the revenues for these services, and was recognized as a component of cost of sales. The amortization of the prepaid maintenance agreement was completed during the period ended March 31, 2019. As of September 30, 2018, $93,750 of the total prepayment was classified as a current asset.

X
- Definition The entire disclosure for prepaid expenses and other. + References No definition available. + Details
Name: | lrad_PrepaidExpensesAndOtherDisclosureTextBlock
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