10-Q Filing

XPLORE TECHNOLOGIES CORP CIK: 1177845 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001185185-16-005152`
Period End Date	20160630
Filing Date	20160810
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	xplr-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 34 Cash Flow Statement 50

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
Preferred stock par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$19.45M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.59M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.02M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.42M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$14.28M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$9.99M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Common stock par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventory, net	`InventoryNet`	$14.86M	USD	Point-in-time
Common stock par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventory, net	`InventoryNet`	$21.13M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	15.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$375.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	15.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$800.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$35.53M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.91M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$35.91M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.91M	shares	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$1.00M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$1.15M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.78M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.70M	USD	Point-in-time
Goodwill	`Goodwill`	$14.87M	USD	Point-in-time
Goodwill	`Goodwill`	$15.16M	USD	Point-in-time
Assets	`Assets`	$53.92M	USD	Point-in-time
Assets	`Assets`	$53.19M	USD	Point-in-time
Short-term indebtedness with bank	`ShortTermBorrowings`	$6.12M	USD	Point-in-time
Short-term indebtedness with bank	`ShortTermBorrowings`	-	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.74M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$9.61M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.98M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$3.41M	USD	Point-in-time
Deferred revenue and current warranty liabilities	`OtherLiabilitiesCurrent`	$4.25M	USD	Point-in-time
Deferred revenue and current warranty liabilities	`OtherLiabilitiesCurrent`	$4.41M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$17.43M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$20.09M	USD	Point-in-time
Deferred revenue and non-current warranty liabilities	`OtherLiabilitiesNoncurrent`	$4.21M	USD	Point-in-time
Deferred revenue and non-current warranty liabilities	`OtherLiabilitiesNoncurrent`	$4.57M	USD	Point-in-time
Total liabilities	`Liabilities`	$24.30M	USD	Point-in-time
Total liabilities	`Liabilities`	$22.00M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred Stock, par value $0.001 per share; authorized 5,000; no shares issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred Stock, par value $0.001 per share; authorized 5,000; no shares issued	`PreferredStockValue`	-	USD	Point-in-time
Common Stock, par value $0.001 per share; authorized 15,000; shares issued 10,908 and 10,908, respectively	`CommonStockValue`	$11.00K	USD	Point-in-time
Common Stock, par value $0.001 per share; authorized 15,000; shares issued 10,908 and 10,908, respectively	`CommonStockValue`	$11.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$171.14M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$171.31M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-141.71M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-139.96M	USD	Point-in-time
StockholdersEquity	`StockholdersEquity`	$29.62M	USD	Point-in-time
StockholdersEquity	`StockholdersEquity`	$31.19M	USD	Point-in-time
LiabilitiesAndStockholdersEquity	`LiabilitiesAndStockholdersEquity`	$53.92M	USD	Point-in-time
LiabilitiesAndStockholdersEquity	`LiabilitiesAndStockholdersEquity`	$53.19M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$24.04M	USD	1 Quarter
Revenue	`SalesRevenueNet`	$16.47M	USD	1 Quarter
Cost of revenue	`CostOfGoodsAndServicesSold`	$11.61M	USD	1 Quarter
Cost of revenue	`CostOfGoodsAndServicesSold`	$15.89M	USD	1 Quarter
Gross profit	`GrossProfit`	$4.86M	USD	1 Quarter
Gross profit	`GrossProfit`	$8.15M	USD	1 Quarter
Sales, marketing and support	`SellingAndMarketingExpense`	$3.44M	USD	1 Quarter
Sales, marketing and support	`SellingAndMarketingExpense`	$3.62M	USD	1 Quarter
Product research, development and engineering	`ResearchAndDevelopmentExpense`	$953.00K	USD	1 Quarter
Product research, development and engineering	`ResearchAndDevelopmentExpense`	$1.83M	USD	1 Quarter
General administration	`GeneralAndAdministrativeExpense`	$2.04M	USD	1 Quarter
General administration	`GeneralAndAdministrativeExpense`	$2.33M	USD	1 Quarter
OperatingExpenses	`OperatingExpenses`	$7.78M	USD	1 Quarter
OperatingExpenses	`OperatingExpenses`	$6.43M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-1.56M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$369.00K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$63.00K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$-96.00K	USD	1 Quarter
Cost of integration	`BusinessCombinationIntegrationRelatedCosts`	$670.00K	USD	1 Quarter
Cost of integration	`BusinessCombinationIntegrationRelatedCosts`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$6.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$8.00K	USD	1 Quarter
NonoperatingIncomeExpense	`NonoperatingIncomeExpense`	$-613.00K	USD	1 Quarter
NonoperatingIncomeExpense	`NonoperatingIncomeExpense`	$-104.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.67M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-244.00K	USD	1 Quarter
Income tax (expense)	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax (expense)	`IncomeTaxExpenseBenefit`	$80.00K	USD	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-244.00K	USD	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.75M	USD	1 Quarter
Loss per common share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.16	USD	1 Quarter
Loss per common share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Weighted average number of common shares outstanding, basic and fully diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10.91M	shares	1 Quarter
Weighted average number of common shares outstanding, basic and fully diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10.79M	shares	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.75M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-244.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$358.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$348.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$15.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-84.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$607.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$175.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$4.15M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-4.27M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$1.93M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$6.27M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-425.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-11.00K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.79M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-3.82M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.61M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.65M	USD	1 Quarter
Net cash received in purchase transaction	`CashAcquiredFromAcquisition`	$653.00K	USD	1 Quarter
Net cash received in purchase transaction	`CashAcquiredFromAcquisition`	-	USD	1 Quarter
Change in liabilities assumed in purchase of business	`PaymentsForProceedsFromPreviousAcquisition`	-	USD	1 Quarter
Change in liabilities assumed in purchase of business	`PaymentsForProceedsFromPreviousAcquisition`	$287.00K	USD	1 Quarter
Additions to fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$237.00K	USD	1 Quarter
Additions to fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$407.00K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-694.00K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$416.00K	USD	1 Quarter
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$5.00M	USD	1 Quarter
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$11.60M	USD	1 Quarter
Repayment of short-term indebtedness	`RepaymentsOfShortTermDebt`	$10.23M	USD	1 Quarter
Repayment of short-term indebtedness	`RepaymentsOfShortTermDebt`	$5.48M	USD	1 Quarter
Net proceeds from issuance of Common Stock	`ProceedsFromIssuanceOfCommonStock`	$26.00K	USD	1 Quarter
Net proceeds from issuance of Common Stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-5.21M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$6.12M	USD	1 Quarter
CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.18M	USD	1 Quarter
CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-8.44M	USD	1 Quarter
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$19.45M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$5.59M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$11.02M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.42M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$19.45M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$5.59M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$11.02M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.42M	USD	Point-in-time
Net assets acquired with debt in purchase transaction	`FairValueOfAssetsAcquired`	$9.08M	USD	1 Quarter
Net assets acquired with debt in purchase transaction	`FairValueOfAssetsAcquired`	-	USD	1 Quarter
Payments for interest	`InterestPaid`	$6.00K	USD	1 Quarter
Payments for interest	`InterestPaid`	$8.00K	USD	1 Quarter
Payments for income taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Payments for income taxes	`IncomeTaxesPaidNet`	$80.00K	USD	1 Quarter

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