| (Mark One) |                                                                                     |
|------------|------------------------------------------------------------------------------------------|
| x          | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934  |
|       |                                                                                     |
|       | For the quarterly period ended June 30, 2012                                             |
| OR    |
| o          | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
| Delaware                                                                           | 38-1799862                           |
|------------------------------------------------------------------------------------|--------------------------------------|
| (State or Other Jurisdiction ofIncorporation or Organization)                      | (I.R.S. Employer Identification No.) |
|                                                                               |                                 |
|                                                                               |                                 |
| 2525 Shader Rd., Orlando, Florida                                                  | 32804                                |
| (Address of principal executive offices)                                           | (Zip Code)                           |
| (407) 298-2000                                                                     |
| (Registrant's telephone number, including area code)                               |
|                                                                               |                                 |
| (Former name, former address, and former fiscal year if changed since last report) |
| Yes x | No o |   |
|-------|------|--------|
| Yes x | No o |   |
|-------|------|--------|
|   | Large accelerated filer o                                            | Accelerated filer o         |
|--------|----------------------------------------------------------------------|-----------------------------|
|   | Non-accelerated filer o(Do not check if a smaller reporting company) | Smaller reporting company x |
| Yes o | No x |   |
|-------|------|--------|
| Class                         |   | Outstanding at August 13, 2012 |
|-------------------------------|--------|--------------------------------|
| Common Stock, $0.01 par value |   |  2,599,497                |

----

| **INDEX** |
|-----------|

| PART I.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |  FINANCIAL INFORMATION                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| Item 1.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |  Financial Statements (Unaudited)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |  Condensed Consolidated Balance Sheets:                                                                                         | 1      |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | -         As of June 30, 2012                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | -         As of December 31, 2011                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |  Condensed Consolidated Statements of Operations:                                                                               | 3      |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | -         Three and six months ended June 30, 2012 and 2011                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |  Condensed Consolidated Statements of Comprehensive Income (Loss):                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | 4      |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | -         Three and six months ended June 30, 2012 and 2011                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |  Condensed Consolidated Statement of Stockholders' Equity:                                                                      | 5      |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | -         Six months ended June 30, 2012                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |  Condensed Consolidated Statements of Cash Flows:                                                                               | 6      |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | -         Six months ended June 30, 2012 and 2011                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |  Notes to Condensed Consolidated Financial Statements:                                                                          | 7      |
| Item 2.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |  Management's Discussion and Analysis of Financial Condition and                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | Results of Operations                                                                                                                                  | 13     |
| Item 3.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |  Quantitative and Qualitative Disclosures About Market Risk                                                                     | 19     |
| Item 4.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |  Controls and Procedures                                                                                                        | 19     |
| PART II.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   OTHER INFORMATION                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |
| Item 1.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |  Legal Proceedings                                                                                                              | 21     |
| Item 1A.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |  Risk Factors                                                                                                                   | 21     |
| Item 2.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |  Unregistered Sales of Equity Securities and Use of Proceeds                                                                    | 21     |
| Item 3.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |  Defaults Upon Senior Securities                                                                                                | 21     |
| Item 4.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |  Mine Safety Disclosures                                                                                                        | 21     |
| Item 5.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |  Other Information                                                                                                              | 21     |
| Item 6.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |  Exhibits                                                                                                                       | 22     |
|   SIGNATURES                                                                                  |  23                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |

----

|                                                               |   | June 30, |    |   | December 31, |   |
|--------------------------------------------------------------------|--------|----------|---------|--------|--------------|--------|
|                                                               |   |     | 2012    |   |         |   | 2011 (A) |   |
| ASSETS                                                             |   |          |    |   |         |   |   |
| Current Assets:                                                    |   |          |    |   |         |   |   |
| Cash and cash equivalents                                          |   | $        | 7,926   |   |         | $      | 13,709 |   |
| Restricted cash (Note D)                                           |   |     | 4,000   |   |         |   | - |   |
| Accounts receivable, less allowances of $75 and $131, respectively |   |     | 4,245   |   |         |   | 4,309 |   |
| Inventories, net (Note C)                                          |   |     | 5,908   |   |         |   | 5,676 |   |
| Deferred income taxes                                              |   |     | 960     |   |         |   | 960 |   |
| Prepaid expenses and other current assets                          |   |     | 259     |   |         |   | 292 |   |
| Total Current Assets                                               |   |     | 23,298  |   |         |   | 24,946 |   |
| Property, Plant and Equipment:                                     |   |     |    |   |         |   |   |   |
| Land                                                               |   |     | 640     |   |         |   | 640 |   |
| Buildings and improvements                                         |   |     | 3,776   |   |         |   | 3,620 |   |
| Machinery and equipment                                            |   |     | 15,374  |   |         |   | 15,001 |   |
| Gross property, plant and equipment                                |   |     | 19,790  |   |         |   | 19,261 |   |
| Less:  accumulated depreciation                               |   |     | (14,977 | )      |         |   | (14,731 | ) |
| Net property, plant, and equipment                                 |   |     | 4,813   |   |         |   | 4,530 |   |
| Deferred income taxes, net                                         |   |     | 2,762   |   |         |   | 2,385 |   |
| Other assets, net                                                  |   |     | 536     |   |         |   | 560 |   |
| Total Assets                                                       |   | $        | 31,409  |   |         | $      | 32,421 |   |

----

|                                                                                                                                                                                                                       |   | June 30, |   |   | December 31, |     |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------|--------|--------|--------------|----------|
|                                                                                                                                                                                                                       |   | 2012     |   |   |         | 2011 (A) |   |
| LIABILITIES AND STOCKHOLDERS' EQUITY                                                                                                                                                                                       |   |          |   |   |         |     |   |
| Current Liabilities:                                                                                                                                                                                                       |   |          |   |   |         |     |   |
| Note payable to bank (Note D)                                                                                                                                                                                              |   | $        | 2,517  |   |         | $        | 3,026 |   |
| Accounts payable                                                                                                                                                                                                           |   |     | 2,057  |   |         |     | 1,755 |   |
| Accrued compensation and commissions expense                                                                                                                                                                               |   |     | 1,328  |   |         |     | 1,102 |   |
| Other accrued expenses                                                                                                                                                                                                     |   |     | 310    |   |         |     | 545 |   |
| Current maturities of long-term debt (Note D)                                                                                                                                                                              |   |     | 231    |   |         |     | 400 |   |
| Total Current Liabilities                                                                                                                                                                                                  |   |     | 6,443  |   |         |     | 6,828 |   |
| Long-term debt, net of current portion (Note D)                                                                                                                                                                            |   |     | -      |   |         |     | - |   |
| Total Liabilities                                                                                                                                                                                                          |   |     | 6,443  |   |         |     | 6,828 |   |
| Commitments and Contingencies                                                                                                                                                                                              |   |     |   |   |         |     |   |   |
| Stockholders' Equity                                                                                                                                                                                                       |   |     |   |   |         |     |   |   |
| Common stock, $0.01 par value - 10,000,000 shares authorized; 2,635,320 shares issued and 2,599,866 shares outstanding at June 30, 2012, and 2,628,188 shares issued and 2,592,734 shares outstanding at December 31, 2011 |   |     | 26     |   |         |     | 26 |   |
| Additional paid-in capital                                                                                                                                                                                                 |   |     | 27,834 |   |         |     | 27,656 |   |
| Accumulated deficit                                                                                                                                                                                                        |   |     | (2,607 | )      |         |     | (1,799 | ) |
| Treasury stock; 35,454 shares held in treasury at cost at June 30, 2012 and December 31, 2011                                                                                                                              |   |     | (315   | )      |         |     | (315 | ) |
| Accumulated other comprehensive income                                                                                                                                                                                     |   |     | 28     |   |         |     | 25 |   |
| Total Stockholders' Equity (Note J)                                                                                                                                                                                        |   |     | 24,966 |   |         |     | 25,593 |   |
| Total Liabilities and Stockholders' Equity                                                                                                                                                                                 |   | $        | 31,409 |   |         | $        | 32,421 |   |

| (A) | The Condensed Consolidated Balance Sheet as of December 31, 2011, has been derived from the audited consolidated financial statements at that date, but does not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                                                                                                                                                                                                                                                                                                     |   | Three Months EndedJune 30, |      |   | Six Months EndedJune 30, |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------|-----------|--------|--------------------------|--------|
|                                                                                                                                                                                                                                                                                                                     |   |                       | 2012      |   |                     |   | 2011 |   |   |   | 2012 |   |   |   | 2011 |   |
|                                                                                                                                                                                                                                                                                                                     |   |                       |      |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| REVENUES                                                                                                                                                                                                                                                                                                           |   | $                          | 7,582     |   |                     | $      | 9,646 |   |   | $ | 14,756 |   |   | $ | 18,666 |   |
| Cost and expenses:                                                                                                                                                                                                                                                                                                       |   |                       |      |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Manufacturing cost of sales                                                                                                                                                                                                                                                                                        |   |                       | 5,575     |   |                     |   | 6,583 |   |   |   | 11,152 |   |   |   | 12,661 |   |
| Engineering, selling and administrative                                                                                                                                                                                                                                                                                  |   |                       | 2,297     |   |                     |   | 2,499 |   |   |   | 4,695 |   |   |   | 5,058 |   |
| Total Cost and Expenses                                                                                                                                                                                                                                                                                            |   |                       | 7,872     |   |                     |   | 9,082 |   |   |   | 15,847 |   |   |   | 17,719 |   |
| OPERATING INCOME (LOSS)                                                                                                                                                                                                                                                                                            |   |                       | (290      | )      |                     |   | 564 |   |   |   | (1,091 | ) |   |   | 947 |   |
| Other income (expense):                                                                                                                                                                                                                                                                                                  |   |                       |      |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Interest expense                                                                                                                                                                                                                                                                                                   |   |                       | (28       | )      |                     |   | (29 | ) |   |   | (54 | ) |   |   | (41 | ) |
| Other income (expense)                                                                                                                                                                                                                                                                                             |   |                       | (8        | )      |                     |   | 5 |   |   |   | (40 | ) |   |   | 14 |   |
|    Total Other Income (Expense)                                       |   |                       | (36       | )      |                     |   | (24 | ) |   |   | (94 | ) |   |   | (27 | ) |
| INCOME (LOSS) BEFORE INCOME TAXES                                                                                                                                                                                                                                                                                        |   |                       | (326      | )      |                     |   | 540 |   |   |   | (1,185 | ) |   |   | 920 |   |
| Income tax benefit (provision)                                                                                                                                                                                                                                                                                     |   |                       | 111       |   |                     |   | (194 | ) |   |   | 377 |   |   |   | (333 | ) |
|  NET INCOME (LOSS)                                                                                                                                                                                                                                                                                            |   | $                          | (215      | )      |                     | $      | 346 |   |   | $ | (808 | ) |   | $ | 587 |   |
|  Weighted average number of shares used in basic and diluted net income (loss) per common share calculation.                                                                                                                                                                                                        |   |                       | 2,599,866 |   |                     |   | 2,617,260 |   |   |   | 2,597,554 |   |   |   | 2,549,580 |   |
|  BASIC AND DILUTED NET INCOME (LOSS) PER COMMON SHARE                                                                                                                                                                                                                                                               |   | $                          | (0.08     | )      |                     | $      | 0.13 |   |   | $ | (0.31 | ) |   | $ | 0.23 |   |

----

|                                                    |   | Three Months EndedJune 30, |   |    | Six Months EndedJune 30, |   |
|---------------------------------------------------------|--------|----------------------------|--------|---------|--------------------------|--------|
|                                                    |   |                       | 2012   |    |                     |   | 2011 |   |   |   | 2012 |   |   |   | 2011 |   |
|                                                    |   |                       |   |    |                     |   |   |   |   |   |   |   |   |   |   |   |
| NET INCOME (LOSS)                                       |   | $                          | (215   |  ) |                     | $      | 346 |   |   | $ | (808 | )  |   | $ | 587 |   |
| Other comprehensive income:                             |   |                       |   |    |                     |   |   |   |   |   |   |   |   |   |   |   |
| Unrealized gain (loss) on available-for-sale securities |   |                       | -      |    |                     |   | (4 | ) |   |   | 3 |   |   |   | 14 |   |
| Deferred gain on swap liability on hedge contracts      |   |                       | -      |    |                     |   | 42 |   |   |   | - |   |   |   | 47 |   |
| COMPREHENSIVE INCOME (LOSS)                             |   | $                          | (215   |  ) |                     | $      | 384 |   |   | $ | (805 |  ) |   | $ | 648 |   |

----

|                              |   | Shares of Common Stock Outstanding |      |   | Common Stock |   |   | Additional Paid-In Capital |   |   | Accumulated Deficit |   |   | Accumulated Other ComprehensiveIncome |   |   | Treasury Stock |   |   | Total  |   |
|-----------------------------------|--------|------------------------------------|-----------|--------|--------------|--------|--------|----------------------------|--------|--------|---------------------|--------|--------|---------------------------------------|--------|--------|----------------|--------|--------|--------|--------|
| Balance at December 31, 2011      |   |                               | 2,592,734 |   |         | $      | 26     |                       |   | $      | 27,656              |   |   | $                                     | (1,799 | )      |           | $      | 25     |   |   | $ | (315 | ) |   | $ | 25,593 |   |
| Net loss for period               |   |                               | -         |   |         |   | -      |                       |   |   | -                   |   |   |                                  | (808   | )      |           |   | -      |   |   |   | - |   |   |   | (808 | ) |
| Other comprehensive income        |   |                               | -         |   |         |   | -      |                       |   |   | -                   |   |   |                                  | -      |   |           |   | 3      |   |   |   | - |   |   |   | 3 |   |
| Stock-based compensation (Note E) |   |                               | 7,132     |   |         |   | -      |                       |   |   | 178                 |   |   |                                  | -      |   |           |   | -      |   |   |   | - |   |   |   | 178 |   |
| Balance at June 30, 2012          |   |                               | 2,599,866 |   |         | $      | 26     |                       |   | $      | 27,834              |   |   | $                                     | (2,607 | )      |           | $      | 28     |   |   | $ | (315 | ) |   | $ | 24,966 |   |

----

|                                                                                            |   | Six Months EndedJune 30, |   |
|-------------------------------------------------------------------------------------------------|--------|--------------------------|--------|
|                                                                                            |   | 2012                     |   |   | 2011 |   |
| OPERATING ACTIVITIES                                                                            |   |                          |   |   |  |   |
| Net income (loss)                                                                               |   | $                        | (808   | ) |   | $ | 587 |   |
| Adjustments to reconcile net income to net cash provided by operating activities:               |   |                     |   |   |   |   |   |   |
| Depreciation                                                                                    |   |                     | 331    |   |   |   | 336 |   |
| Amortization of finite-lived intangible assets                                                  |   |                     | 42     |   |   |   | 72 |   |
| Stock-based compensation                                                                        |   |                     | 178    |   |   |   | 118 |   |
| Deferred income taxes                                                                           |   |                     | (377   | ) |   |   | 213 |   |
| Changes in operating assets and liabilities:                                                    |   |                     |   |   |   |   |   |   |
|    Decrease in accounts receivable                                               |   |                     | 64     |   |   |   | 592 |   |
|    Increase in inventories                                                       |   |                     | (232   | ) |   |   | (922 | ) |
|    Increase in trade accounts payable, accrued liabilities and other liabilities |   |                     | 296    |   |   |   | 717 |   |
|    Decrease in other current assets                                              |   |                     | 15     |   |   |   | 20 |   |
| Net cash provided by (used in) operating activities                                             |   |                     | (491   | ) |   |   | 1,733 |   |
|  INVESTING ACTIVITIES                                                                      |   |                     |   |   |   |   |   |   |
| Capital expenditures                                                                            |   |                     | (614   | ) |   |   | (1,166 | ) |
| Net cash used in investing activities                                                           |   |                     | (614   | ) |   |   | (1,166 | ) |
|  FINANCING ACTIVITIES                                                                      |   |                     |   |   |   |   |   |   |
| Net repayments on note payable to bank                                                          |   |                     | (509   | ) |   |   | - |   |
| Increase in restricted cash                                                                     |   |                     | (4,000 | ) |   |   | - |   |
| Proceeds from issuance of common stock                                                          |   |                     | -      |   |   |   | 6,562 |   |
| Payment of expenses related to the public offering                                              |   |                     | -      |   |   |   | (158 | ) |
| Proceeds from long-term debt                                                                    |   |                     | -      |   |   |   | 536 |   |
| Repayments on long-term debt                                                                    |   |                     | (169   | ) |   |   | (669 | ) |
| Net cash provided by (used in) financing activities                                             |   |                     | (4,678 | ) |   |   | 6,271 |   |
|  Increase (decrease) in cash and cash equivalents                                          |   |                     | (5,783 | ) |   |   | 6,838 |   |
| Cash and cash equivalents at beginning of period                                                |   |                     | 13,709 |   |   |   | 4,147 |   |
| Cash and cash equivalents at end of period                                                      |   | $                        | 7,926  |   |   | $ | 10,985 |   |
|   Supplemental Disclosure:                                                            |   |                     |   |   |   |   |   |   |
|        Cash paid for income taxes                            |   | $                        | 24     |   |   | $ | 35 |   |
|       Cash paid for interest                                      |   | $                        | 54     |   |   | $ | 31 |   |

----

| A. | Subsidiaries of the Registrant |
|----|--------------------------------|
|                                                                                                                                |   | Owned By LGL |   |
|-------------------------------------------------------------------------------------------------------------------------------------|--------|--------------|--------|
| M-tron Industries, Inc.                                                                                                             |   |         | 100.0  | % |
|         M-tron Industries, Ltd.                                                             |   |         | 99.9   | % |
|         Piezo Technology, Inc.                                                              |   |         | 100.0  | % |
|                 Piezo Technology India Private Ltd. |   |         | 99.0   | % |
| Lynch Systems, Inc.                                                                                                                 |   |         | 100.0  | % |

| B. | Basis of Presentation |
|----|-----------------------|

----

| C. | Inventories |
|----|-------------|
|                   |   | June 30,2012   |   |   | December 31,2011 |   |
|------------------------|--------|----------------|--------|--------|------------------|--------|
|                   |   | (in thousands) |   |
| Raw materials, net     |   | $              | 2,887  |   |             | $      | 2,864 |   |
| Work in process, net   |   |           | 1,666  |   |             |   | 1,384 |   |
| Finished goods, net    |   |           | 1,355  |   |             |   | 1,428 |   |
| Total Inventories, net |   | $              | 5,908  |   |             | $      | 5,676 |   |

| D. | Notes Payable to Banks and Long-Term Debt |
|----|-------------------------------------------|
|                                                                                                                                                                                                   |   | June 30,2012   |   |   | December 31,2011 |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------|--------|--------|------------------|--------|
|                                                                                                                                                                                                   |   | (in thousands) |   |
| Notes Payable to Banks:                                                                                                                                                                                |   |                |   |   |                  |   |
| MtronPTI revolving loan with J.P. Morgan Chase Bank, N.A. ("Chase") at the greater of Chase's prime rate or the one-month LIBOR rate plus 2.50% per annum (3.25% at June 30, 2012), due June 30, 2013. |   | $         | 2,517  |   |             | $      | 3,026 |   |
|  Long-Term Debt:                                                                                                                                                                                  |   |           |   |   |             |   |   |   |
| MtronPTI term loan with Chase due January 31, 2013. The note bears interest at a fixed rate of 5.00%                                                                                              |   |           | 231    |   |             |   | 400 |   |
| Less: Current maturities                                                                                                                                                                         |   |           | 231    |   |             |   | 400 |   |
| Long-Term Debt                                                                                                                                                                                   |   | $              | --     |   |             | $      | -- |   |

----

| E. | Stock-Based Compensation |
|----|--------------------------|

----

| F. | Earnings (Loss) Per Share |
|----|---------------------------|

| G. | Fair Value Measurements |
|----|-------------------------|
|                |   | Quoted Prices in Active Markets for Identical Assets(Level 1) |   |   | Significant Other Observable Inputs(Level 2) |   |   | Significant Unobservable Inputs(Level 3) |   |   | June 30,2012 |   |
|--------------------------|--------|---------------------------------------------------------------|--------|--------|----------------------------------------------|--------|--------|------------------------------------------|--------|--------|--------------|--------|
|                     |   | (in thousands)                                                |   |
| Equity securities        |   | $                                                             | 43     |   |                                         | $      | --     |                                     |   | $      | --           |   |   | $ | 43 |   |
| U.S. Treasury securities |   | $                                                             | 6,838  |   |                                         | $      | --     |                                     |   | $      | --           |   |   | $ | 6,838 |   |

----

|                     |   | Quoted Prices in Active Markets for Identical Assets(Level 1) |   |   | Significant Other Observable Inputs(Level 2) |   |   | Significant Unobservable Inputs(Level 3) |   |   | December 31, 2011 |   |
|--------------------------|--------|---------------------------------------------------------------|--------|--------|----------------------------------------------|--------|--------|------------------------------------------|--------|--------|-------------------|--------|
|                     |   | (in thousands)                                                |   |
| Equity securities        |   | $                                                             | 40     |   |                                         | $      | --     |                                     |   | $      | --                |   |   | $ | 40 |   |
| U.S. Treasury securities |   | $                                                             | 10,087 |   |                                         | $      | --     |                                     |   | $      | --                |   |   | $ | 10,087 |   |

| H. | Foreign Revenues |
|----|------------------|
|                                                      |   | Three Months EndedJune 30, |   |
|------------------------------------------------------|--------|----------------------------|--------|
|                                                      |   |                       | 2012   |   |   |   | 2011 |   |
|                                                      |   | (in thousands)             |   |
| Foreign Revenues:                                    |   |                       |   |   |   |   |   |   |
| Malaysia                                             |   | $                          | 1,339  |   |   | $ | 1,385 |   |
| China                                                |   |                       | 910    |   |   |   | 1,675 |   |
| Thailand                                             |   |                       | 403    |   |   |   | 420 |   |
| All other foreign countries                          |   |                       | 1,285  |   |   |   | 1,652 |   |
|      Total foreign revenues |   | $                          | 3,937  |   |   | $ | 5,132 |   |
|                                                      |   | Six Months EndedJune 30, |   |
|------------------------------------------------------|--------|--------------------------|--------|
|                                                      |   |                     | 2012   |   |   |   | 2011 |   |
|                                                      |   | (in thousands)           |   |
| Foreign Revenues:                                    |   |                     |   |   |   |   |   |   |
| Malaysia                                             |   | $                        | 2,418  |   |   | $ | 2,998 |   |
| China                                                |   |                     | 1,844  |   |   |   | 2,952 |   |
| Thailand                                             |   |                     | 762    |   |   |   | 714 |   |
| All other foreign countries                          |   |                     | 2,235  |   |   |   | 3,315 |   |
|      Total foreign revenues |   | $                        | 7,259  |   |   | $ | 9,979 |   |

| I. | Commitments and Contingencies |
|----|-------------------------------|

----

| J. | Stockholders' Equity |
|----|----------------------|

| K. | Related Party Transactions |
|----|----------------------------|

| L. | Subsequent Event |
|----|------------------|

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----

----

----

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| ‒ | Persuasive evidence that an arrangement exists; |
|---------|-------------------------------------------------|

| ‒ | Delivery has occurred; |
|---------|------------------------|

| ‒ | The seller's price to the buyer is fixed and determinable; and |
|---------|----------------------------------------------------------------|

| ‒ | Collectability is reasonably assured. |
|---------|---------------------------------------|

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| ‒ | Seller's price to the buyer is  fixed or determinable at the date of sale; |
|---------|---------------------------------------------------------------------------------|

| ‒ | Buyer has paid the seller, or the buyer is obligated to pay the seller and the obligation is not contingent on resale of the product; |
|---------|---------------------------------------------------------------------------------------------------------------------------------------|

| ‒ | Buyer's obligation to the seller would not be changed in the event of theft or physical destruction or damage of the product; |
|---------|-------------------------------------------------------------------------------------------------------------------------------|

| ‒ | Buyer acquiring the product for resale has economic substance apart from that provided by the seller; |
|---------|-------------------------------------------------------------------------------------------------------|

| ‒ | Seller does not have obligations for future performance; and |
|---------|--------------------------------------------------------------|

| ‒ | The amount of future returns can be reasonably estimated. |
|---------|-----------------------------------------------------------|

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| Exhibit No. |  Description                                                                                            |
|-------------|--------------------------------------------------------------------------------------------------------------|
|        |                                                                                                         |
| 31.1        | Certification of the Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.* |
| 31.2        | Certification of the Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.* |
| 32.1        | Certification of the Principal Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.* |
| 32.2        | Certification of the Principal Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.* |
| 101.INS     | XBRL Instance Document**                                                                                     |
| 101.SCH     | XBRL Taxonomy Extension Schema Document**                                                                    |
| 101.CAL     | XBRL Taxonomy Extension Calculation Linkbase Document**                                                      |
| 101.DEF     | XBRL Taxonomy Extension Definition Linkbase Document**                                                       |
| 101.LAB     | XBRL Taxonomy Extension Label Linkbase Document**                                                            |
| 101.PRE     | XBRL Taxonomy Extension Presentation Linkbase Document**                                                     |

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|                                                                  |   | THE LGL GROUP, INC. |
|-----------------------------------------------------------------------|--------|---------------------|
|                                                                  |   |                |
|                                                                  |   |                |
| Date:        August 14, 2012 |   | By:                 | /s/ Gregory P. Anderson |
|                                                                  |   |                | Gregory P. Anderson |
|                                                                  |   |                | President and Chief Executive Officer(Principal Executive Officer) |
|                                                                  |   |                |   |
|                                                                  |   |                |   |
| Date:        August 14, 2012 |   | By:                 | /s/ R. LaDuane Clifton |
|                                                                  |   |                | R. LaDuane Clifton |
|                                                                  |   |                | Chief Accounting Officer(Principal Financial Officer) |