10-Q Filing

XPLORE TECHNOLOGIES CORP CIK: 1177845 Q3 2016

Filing Information

Form Type	10-Q
Accession Number	`0001185185-17-000266`
Period End Date	20161231
Filing Date	20170210
Fiscal Year	2016
Fiscal Period	Q3
XBRL Instance	xplr-20161231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 76 Cash Flow Statement 52

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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.10M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.04M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$19.45M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.59M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$14.28M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$16.21M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	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`	$15.16M	USD	Point-in-time
Common stock par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$475.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$800.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	15.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	15.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.95M	shares	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`	$35.95M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$1.70M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$1.00M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.51M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.78M	USD	Point-in-time
Goodwill	`Goodwill`	$15.16M	USD	Point-in-time
Goodwill	`Goodwill`	$14.87M	USD	Point-in-time
Assets	`Assets`	$53.19M	USD	Point-in-time
Assets	`Assets`	$54.33M	USD	Point-in-time
Short-term indebtedness with bank	`ShortTermBorrowings`	$5.10M	USD	Point-in-time
Short-term indebtedness with bank	`ShortTermBorrowings`	-	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$9.61M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.70M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$4.36M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$3.41M	USD	Point-in-time
Deferred revenue and current warranty liabilities	`OtherLiabilitiesCurrent`	$3.62M	USD	Point-in-time
Deferred revenue and current warranty liabilities	`OtherLiabilitiesCurrent`	$4.41M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$20.78M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$17.43M	USD	Point-in-time
Deferred revenue and non-current warranty liabilities	`OtherLiabilitiesNoncurrent`	$3.90M	USD	Point-in-time
Deferred revenue and non-current warranty liabilities	`OtherLiabilitiesNoncurrent`	$4.57M	USD	Point-in-time
Total liabilities	`Liabilities`	$24.68M	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 10,947 and 10,908, respectively	`CommonStockValue`	$11.00K	USD	Point-in-time
Common Stock, par value $0.001 per share; authorized 15,000; shares issued 10,947 and 10,908, respectively	`CommonStockValue`	$11.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$171.66M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$171.14M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-139.96M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-142.03M	USD	Point-in-time
StockholdersEquity	`StockholdersEquity`	$29.65M	USD	Point-in-time
StockholdersEquity	`StockholdersEquity`	$31.19M	USD	Point-in-time
LiabilitiesAndStockholdersEquity	`LiabilitiesAndStockholdersEquity`	$54.33M	USD	Point-in-time
LiabilitiesAndStockholdersEquity	`LiabilitiesAndStockholdersEquity`	$53.19M	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$60.98M	USD	3 Qtrs
Revenue	`SalesRevenueNet`	$79.92M	USD	3 Qtrs
Revenue	`SalesRevenueNet`	$24.50M	USD	1 Quarter
Revenue	`SalesRevenueNet`	$27.02M	USD	1 Quarter
Cost of revenue	`CostOfGoodsAndServicesSold`	$54.82M	USD	3 Qtrs
Cost of revenue	`CostOfGoodsAndServicesSold`	$17.78M	USD	1 Quarter
Cost of revenue	`CostOfGoodsAndServicesSold`	$43.76M	USD	3 Qtrs
Cost of revenue	`CostOfGoodsAndServicesSold`	$18.18M	USD	1 Quarter
Gross profit	`GrossProfit`	$25.10M	USD	3 Qtrs
Gross profit	`GrossProfit`	$6.71M	USD	1 Quarter
Gross profit	`GrossProfit`	$17.21M	USD	3 Qtrs
Gross profit	`GrossProfit`	$8.84M	USD	1 Quarter
Sales, marketing and support	`SellingAndMarketingExpense`	$9.48M	USD	3 Qtrs
Sales, marketing and support	`SellingAndMarketingExpense`	$3.92M	USD	1 Quarter
Sales, marketing and support	`SellingAndMarketingExpense`	$11.19M	USD	3 Qtrs
Sales, marketing and support	`SellingAndMarketingExpense`	$3.15M	USD	1 Quarter
Product research, development and engineering	`ResearchAndDevelopmentExpense`	$4.54M	USD	3 Qtrs
Product research, development and engineering	`ResearchAndDevelopmentExpense`	$3.57M	USD	3 Qtrs
Product research, development and engineering	`ResearchAndDevelopmentExpense`	$1.13M	USD	1 Quarter
Product research, development and engineering	`ResearchAndDevelopmentExpense`	$1.30M	USD	1 Quarter
General administration	`GeneralAndAdministrativeExpense`	$5.72M	USD	3 Qtrs
General administration	`GeneralAndAdministrativeExpense`	$1.82M	USD	1 Quarter
General administration	`GeneralAndAdministrativeExpense`	$2.52M	USD	1 Quarter
General administration	`GeneralAndAdministrativeExpense`	$7.34M	USD	3 Qtrs
OperatingExpenses	`OperatingExpenses`	$7.58M	USD	1 Quarter
OperatingExpenses	`OperatingExpenses`	$18.78M	USD	3 Qtrs
OperatingExpenses	`OperatingExpenses`	$23.06M	USD	3 Qtrs
OperatingExpenses	`OperatingExpenses`	$6.27M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$2.04M	USD	3 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$-1.56M	USD	3 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$1.27M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$443.00K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$-214.00K	USD	3 Qtrs
Other	`OtherNonoperatingIncomeExpense`	$-317.00K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$-96.00K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$-385.00K	USD	3 Qtrs
Cost of integration	`BusinessCombinationIntegrationRelatedCosts`	$887.00K	USD	3 Qtrs
Cost of integration	`BusinessCombinationIntegrationRelatedCosts`	-	USD	3 Qtrs
Cost of integration	`BusinessCombinationIntegrationRelatedCosts`	$95.00K	USD	1 Quarter
Cost of integration	`BusinessCombinationIntegrationRelatedCosts`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$79.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$156.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$58.00K	USD	3 Qtrs
NonoperatingIncomeExpense	`NonoperatingIncomeExpense`	$-175.00K	USD	1 Quarter
NonoperatingIncomeExpense	`NonoperatingIncomeExpense`	$-370.00K	USD	3 Qtrs
NonoperatingIncomeExpense	`NonoperatingIncomeExpense`	$-412.00K	USD	1 Quarter
NonoperatingIncomeExpense	`NonoperatingIncomeExpense`	$-1.33M	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.94M	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$709.00K	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$855.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$268.00K	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$129.00K	USD	3 Qtrs
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$69.00K	USD	3 Qtrs
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$49.00K	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$69.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$786.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$219.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-2.06M	USD	3 Qtrs
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$640.00K	USD	3 Qtrs
Income (loss) per common share, primary (in Dollars per share)	`EarningsPerShareBasic`	$0.06	USD	3 Qtrs
Income (loss) per common share, primary (in Dollars per share)	`EarningsPerShareBasic`	$-0.19	USD	3 Qtrs
Income (loss) per common share, primary (in Dollars per share)	`EarningsPerShareBasic`	$0.02	USD	1 Quarter
Income (loss) per common share, primary (in Dollars per share)	`EarningsPerShareBasic`	$0.07	USD	1 Quarter
Income (loss) per common share, fully diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.06	USD	3 Qtrs
Income (loss) per common share, fully diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.02	USD	1 Quarter
Income (loss) per common share, fully diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.07	USD	1 Quarter
Income (loss) per common share, fully diluted (in Dollars per share)	`EarningsPerShareDiluted`	-	USD	3 Qtrs
Weighted average number of common shares outstanding, basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.88M	shares	1 Quarter
Weighted average number of common shares outstanding, basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.83M	shares	3 Qtrs
Weighted average number of common shares outstanding, basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.95M	shares	1 Quarter
Weighted average number of common shares outstanding, basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.93M	shares	3 Qtrs
Weighted average number of common shares outstanding, fully diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	0.00	shares	3 Qtrs
Weighted average number of common shares outstanding, fully diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.95M	shares	1 Quarter
Weighted average number of common shares outstanding, fully diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	11.54M	shares	1 Quarter
Weighted average number of common shares outstanding, fully diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	11.49M	shares	3 Qtrs

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$640.00K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-2.06M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.17M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.31M	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$48.00K	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-44.00K	USD	3 Qtrs
Loss on disposal of asset	`GainLossOnDispositionOfAssets1`	-	USD	3 Qtrs
Loss on disposal of asset	`GainLossOnDispositionOfAssets1`	$28.00K	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$1.63M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$413.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.02M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.89M	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$303.00K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$110.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$184.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-325.00K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.42M	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-5.23M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.91M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.79M	USD	3 Qtrs
Net cash received in purchase transaction	`CashAcquiredFromAcquisition`	-	USD	3 Qtrs
Net cash received in purchase transaction	`CashAcquiredFromAcquisition`	$653.00K	USD	3 Qtrs
Change in liabilities assumed in purchase of business	`PaymentsForProceedsFromPreviousAcquisition`	$287.00K	USD	3 Qtrs
Change in liabilities assumed in purchase of business	`PaymentsForProceedsFromPreviousAcquisition`	$-16.00K	USD	3 Qtrs
Additions to fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$657.00K	USD	3 Qtrs
Additions to fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.63M	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$12.00K	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.91M	USD	3 Qtrs
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$44.98M	USD	3 Qtrs
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$18.00M	USD	3 Qtrs
Repayment of short-term indebtedness	`RepaymentsOfShortTermDebt`	$39.88M	USD	3 Qtrs
Repayment of short-term indebtedness	`RepaymentsOfShortTermDebt`	$27.10M	USD	3 Qtrs
Net proceeds from issuance of Common Stock	`ProceedsFromIssuanceOfCommonStock`	$580.00K	USD	3 Qtrs
Net proceeds from issuance of Common Stock	`ProceedsFromIssuanceOfCommonStock`	$112.00K	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$5.21M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-8.52M	USD	3 Qtrs
CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.50M	USD	3 Qtrs
CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-13.42M	USD	3 Qtrs
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.10M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$6.04M	USD	Point-in-time
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, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.10M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$6.04M	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
Net assets acquired with debt in purchase transaction	`FairValueOfAssetsAcquired`	$9.08M	USD	3 Qtrs
Net assets acquired with debt in purchase transaction	`FairValueOfAssetsAcquired`	-	USD	3 Qtrs
Payments for interest	`InterestPaid`	$156.00K	USD	3 Qtrs
Payments for interest	`InterestPaid`	$58.00K	USD	3 Qtrs
Payments for income taxes	`IncomeTaxesPaidNet`	$129.00K	USD	3 Qtrs
Payments for income taxes	`IncomeTaxesPaidNet`	$8.00K	USD	3 Qtrs

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