10-Q Filing

XPLORE TECHNOLOGIES CORP CIK: 1177845 Q1 2011

Filing Information

Form Type	10-Q
Accession Number	`0001104659-11-046578`
Period End Date	20110630
Filing Date	20110812
Fiscal Year	2011
Fiscal Period	Q1
XBRL Instance	xlrt-20110630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 40 Income Statement 36 Cash Flow Statement 48

Balance Sheet 40 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$133.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$524.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$168.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$389.00K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$1.35M	USD	Point-in-time
Common Stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.68M	USD	Point-in-time
Inventory, net	`InventoryNet`	$3.75M	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	1.35B	shares	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	1.35B	shares	Point-in-time
Inventory, net	`InventoryNet`	$3.59M	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	190.97M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$201.00K	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	178.47M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$325.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.40M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.80M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$485.00K	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$467.00K	USD	Point-in-time
Total assets	`Assets`	$5.88M	USD	Point-in-time
Total assets	`Assets`	$7.27M	USD	Point-in-time
Short-term indebtedness	`LinesOfCreditCurrent`	$618.00K	USD	Point-in-time
Short-term indebtedness	`LinesOfCreditCurrent`	$566.00K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.91M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.59M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.47M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.21M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common Stock, par value $0.001 per share; authorized 1,350,000; shares issued 190,974 and 178,471, respectively	`CommonStockValue`	$178.00K	USD	Point-in-time
Common Stock, par value $0.001 per share; authorized 1,350,000; shares issued 190,974 and 178,471, respectively	`CommonStockValue`	$191.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$133.93M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$135.56M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-133.18M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-130.41M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.80M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.67M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$5.88M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$7.27M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$2.68M	USD	1 Quarter
Revenue	`SalesRevenueNet`	$5.08M	USD	1 Quarter
Cost of revenue	`CostOfGoodsAndServicesSold`	$2.10M	USD	1 Quarter
Cost of revenue	`CostOfGoodsAndServicesSold`	$3.43M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.65M	USD	1 Quarter
Gross profit	`GrossProfit`	$573.00K	USD	1 Quarter
Sales, marketing and support	`SellingAndMarketingExpense`	$799.00K	USD	1 Quarter
Sales, marketing and support	`SellingAndMarketingExpense`	$724.00K	USD	1 Quarter
Product research, development and engineering	`ResearchAndDevelopmentExpense`	$486.00K	USD	1 Quarter
Product research, development and engineering	`ResearchAndDevelopmentExpense`	$303.00K	USD	1 Quarter
General administration	`GeneralAndAdministrativeExpense`	$702.00K	USD	1 Quarter
General administration	`GeneralAndAdministrativeExpense`	$576.00K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$1.60M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$1.99M	USD	1 Quarter
Profit/(loss) from operations	`OperatingIncomeLoss`	$42.00K	USD	1 Quarter
Profit/(loss) from operations	`OperatingIncomeLoss`	$-1.41M	USD	1 Quarter
Interest expense	`InterestExpense`	$660.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$34.00K	USD	1 Quarter
Other	`OtherNonoperatingExpense`	$15.00K	USD	1 Quarter
Other	`OtherNonoperatingExpense`	$49.00K	USD	1 Quarter
Total Other expenses	`NonoperatingIncomeExpense`	$-49.00K	USD	1 Quarter
Total Other expenses	`NonoperatingIncomeExpense`	$-709.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-1.46M	USD	1 Quarter
Net loss	`ProfitLoss`	$-667.00K	USD	1 Quarter
Dividends attributable to Preferred Stock	`PreferredStockDividendsIncomeStatementImpact`	$1.04M	USD	1 Quarter
Dividends attributable to Preferred Stock	`PreferredStockDividendsIncomeStatementImpact`	$409.00K	USD	1 Quarter
Net loss attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-2.51M	USD	1 Quarter
Net loss attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.08M	USD	1 Quarter
Loss per common share (in dollars per share)	`LossPerCommonShare`	$-0.01	USD	1 Quarter
Loss per common share (in dollars per share)	`LossPerCommonShare`	-	USD	1 Quarter
Dividends attributable to Preferred Stock (in dollars per share)	`PreferredStockDividendsPerShareDeclared`	$-0.01	USD	1 Quarter
Dividends attributable to Preferred Stock (in dollars per share)	`PreferredStockDividendsPerShareDeclared`	-	USD	1 Quarter
Loss per share attributable to common stockholders, basic and fully diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Loss per share attributable to common stockholders, basic and fully diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Weighted average number of common shares outstanding, basic and fully diluted (in shares)	`WeightedAverageNumberOfSharesOutstandingBasicAndFullyDiluted`	135.73M	shares	1 Quarter
Weighted average number of common shares outstanding, basic and fully diluted (in shares)	`WeightedAverageNumberOfSharesOutstandingBasicAndFullyDiluted`	182.87M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-1.46M	USD	1 Quarter
Net loss	`ProfitLoss`	$-667.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$70.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$118.00K	USD	1 Quarter
Allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-44.00K	USD	1 Quarter
Allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-13.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$277.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$161.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$202.00K	USD	1 Quarter
Equity instruments issued in exchange for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$71.00K	USD	1 Quarter
Equity instruments issued in exchange for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$23.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.45M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.35M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$609.00K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-163.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$124.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-72.00K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$428.00K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-205.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$49.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.21M	USD	1 Quarter
Additions to fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$543.00K	USD	1 Quarter
Additions to fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$136.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-543.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-136.00K	USD	1 Quarter
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$3.49M	USD	1 Quarter
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$4.11M	USD	1 Quarter
Repayment of short-term indebtedness	`RepaymentsOfShortTermDebt`	$4.03M	USD	1 Quarter
Repayment of short-term indebtedness	`RepaymentsOfShortTermDebt`	$4.05M	USD	1 Quarter
Net proceeds from issuance of Common Stock	`ProceedsFromIssuanceOfCommonStock`	$13.00K	USD	1 Quarter
Net cash provided by/(used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-533.00K	USD	1 Quarter
Net cash provided by/(used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$52.00K	USD	1 Quarter
CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$135.00K	USD	1 Quarter
CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-35.00K	USD	1 Quarter
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$133.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$524.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$168.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$389.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$133.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$524.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$168.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$389.00K	USD	Point-in-time
Payments for interest	`InterestPaid`	$34.00K	USD	1 Quarter
Payments for interest	`InterestPaid`	$36.00K	USD	1 Quarter
Payments for income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Preferred Stock dividends issued in the form of Stock	`DividendsPreferredStockStock`	$413.00K	USD	1 Quarter
Preferred Stock dividends issued in the form of Stock	`DividendsPreferredStockStock`	$1.31M	USD	1 Quarter
Payments for interest satisfied with the issuance of Stock	`CommonStockIssuedForPaymentOfInterest`	$197.00K	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.