10-K Filing

XPLORE TECHNOLOGIES CORP CIK: 1177845 FY 2016

Filing Information

Form Type	10-K
Accession Number	`0001185185-17-001390`
Period End Date	20170331
Filing Date	20170614
Fiscal Year	2016
Fiscal Period	FY
XBRL Instance	xplr-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 46 Cash Flow Statement 46 Stockholders Equity 15

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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	150.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$19.45M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.59M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.46M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$14.28M	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`	$10.45M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	15.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.35B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	15.00M	shares	Point-in-time
Inventory, net	`InventoryNet`	$12.86M	USD	Point-in-time
Inventory, net	`InventoryNet`	$14.86M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$469.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$800.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.97M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.91M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$35.53M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$27.24M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$1.00M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$1.86M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.78M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.43M	USD	Point-in-time
Goodwill	`Goodwill`	$14.87M	USD	Point-in-time
Goodwill	`Goodwill`	$15.16M	USD	Point-in-time
Assets	`Assets`	$53.19M	USD	Point-in-time
Assets	`Assets`	$45.69M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.34M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$9.61M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$3.41M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$2.27M	USD	Point-in-time
Deferred revenue and current warranty liabilities	`OtherLiabilitiesCurrent`	$4.41M	USD	Point-in-time
Deferred revenue and current warranty liabilities	`OtherLiabilitiesCurrent`	$3.15M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.75M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$17.43M	USD	Point-in-time
Deferred revenue and non-current warranty liabilities	`OtherLiabilitiesNoncurrent`	$3.65M	USD	Point-in-time
Deferred revenue and non-current warranty liabilities	`OtherLiabilitiesNoncurrent`	$4.57M	USD	Point-in-time
Total liabilities	`Liabilities`	$16.40M	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, and 5,000, respectively; shares issued none and none, respectively	`PreferredStockValue`	-	USD	Point-in-time
Preferred Stock, par value $0.001 per share; authorized 5,000, and 5,000, respectively; shares issued none and none, respectively	`PreferredStockValue`	-	USD	Point-in-time
Common Stock, par value $0.001 per share; authorized 15,000; shares issued 10,970 and 10,908, respectively	`CommonStockValue`	$11.00K	USD	Point-in-time
Common Stock, par value $0.001 per share; authorized 15,000; shares issued 10,970 and 10,908, respectively	`CommonStockValue`	$11.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$171.78M	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`	$-142.51M	USD	Point-in-time
StockholdersEquity	`StockholdersEquity`	$29.28M	USD	Point-in-time
StockholdersEquity	`StockholdersEquity`	$31.19M	USD	Point-in-time
StockholdersEquity	`StockholdersEquity`	$28.79M	USD	Point-in-time
LiabilitiesAndStockholdersEquity	`LiabilitiesAndStockholdersEquity`	$45.69M	USD	Point-in-time
LiabilitiesAndStockholdersEquity	`LiabilitiesAndStockholdersEquity`	$53.19M	USD	Point-in-time

Income Statement 46 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$100.53M	USD	Annual
Revenue	`SalesRevenueNet`	$77.93M	USD	Annual
Cost of revenue	`CostOfGoodsAndServicesSold`	$69.18M	USD	Annual
Cost of revenue	`CostOfGoodsAndServicesSold`	$55.96M	USD	Annual
Gross profit	`GrossProfit`	$31.35M	USD	Annual
Gross profit	`GrossProfit`	$21.97M	USD	Annual
Sales, marketing and support	`SellingAndMarketingExpense`	$15.10M	USD	Annual
Sales, marketing and support	`SellingAndMarketingExpense`	$12.37M	USD	Annual
Product research, development and engineering	`ResearchAndDevelopmentExpense`	$4.46M	USD	Annual
Product research, development and engineering	`ResearchAndDevelopmentExpense`	$5.77M	USD	Annual
General administration	`GeneralAndAdministrativeExpense`	$9.43M	USD	Annual
General administration	`GeneralAndAdministrativeExpense`	$7.19M	USD	Annual
OperatingExpenses	`OperatingExpenses`	$24.02M	USD	Annual
OperatingExpenses	`OperatingExpenses`	$30.29M	USD	Annual
Income (loss) from operations	`OperatingIncomeLoss`	$443.00K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$1.05M	USD	Annual
Income (loss) from operations	`OperatingIncomeLoss`	$-488.00K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-445.00K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-1.56M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-2.05M	USD	Annual
Income (loss) from operations	`OperatingIncomeLoss`	$369.00K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$1.27M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-986.00K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$403.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$58.00K	USD	Annual
Interest expense	`InterestExpense`	$173.00K	USD	Annual
Cost of integration	`BusinessCombinationIntegrationRelatedCosts`	$913.00K	USD	Annual
Cost of integration	`BusinessCombinationIntegrationRelatedCosts`	-	USD	Annual
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-450.00K	USD	Annual
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-197.00K	USD	Annual
NonoperatingIncomeExpense	`NonoperatingIncomeExpense`	$-370.00K	USD	Annual
NonoperatingIncomeExpense	`NonoperatingIncomeExpense`	$-1.42M	USD	Annual
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-2.42M	USD	Annual
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-368.00K	USD	Annual
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$129.00K	USD	Annual
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$-6.00K	USD	Annual
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-2.55M	USD	Annual
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-362.00K	USD	Annual
Income (loss) per common share, primary (in Dollars per share)	`EarningsPerShareBasic`	$-0.23	USD	Annual
Income (loss) per common share, primary (in Dollars per share)	`EarningsPerShareBasic`	$-0.03	USD	Annual
Income (loss) per common share, fully diluted (in Dollars per share)	`EarningsPerShareDiluted`	$-0.23	USD	Annual
Income (loss) per common share, fully diluted (in Dollars per share)	`EarningsPerShareDiluted`	$-0.03	USD	Annual
Weighted average number of common shares outstanding, primary (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.94M	shares	Annual
Weighted average number of common shares outstanding, primary (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.85M	shares	Annual
Weighted average number of common shares outstanding, fully diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.94M	shares	Annual
Weighted average number of common shares outstanding, fully diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.85M	shares	Annual

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-2.55M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-362.00K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.57M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.73M	USD	Annual
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$69.00K	USD	Annual
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-91.00K	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$2.16M	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$511.00K	USD	Annual
Loss on disposal of asset	`GainLossOnDispositionOfAssets1`	-	USD	Annual
Loss on disposal of asset	`GainLossOnDispositionOfAssets1`	$-28.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$329.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.92M	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$1.18M	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$-2.00M	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$514.00K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-331.00K	USD	Annual
Accounts payable and accrued liabilities, including deferred revenue	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-5.60M	USD	Annual
Accounts payable and accrued liabilities, including deferred revenue	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-6.72M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-5.15M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$116.00K	USD	Annual
Net cash received (paid) in purchase transaction	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$-669.00K	USD	Annual
Net cash received (paid) in purchase transaction	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$287.00K	USD	Annual
Additions to fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$888.00K	USD	Annual
Additions to fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.10M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-219.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.38M	USD	Annual
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$18.00M	USD	Annual
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$50.48M	USD	Annual
Repayment of short-term indebtedness	`RepaymentsOfShortTermDebt`	$27.10M	USD	Annual
Repayment of short-term indebtedness	`RepaymentsOfShortTermDebt`	$50.48M	USD	Annual
Net proceeds on issuance of Common Stock	`ProceedsFromIssuanceOfCommonStock`	$603.00K	USD	Annual
Net proceeds on issuance of Common Stock	`ProceedsFromIssuanceOfCommonStock`	$135.00K	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$135.00K	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-8.49M	USD	Annual
CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-13.86M	USD	Annual
CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.13M	USD	Annual
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`	$3.46M	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`	$3.46M	USD	Point-in-time
Payments for interest	`InterestPaid`	$58.00K	USD	Annual
Payments for interest	`InterestPaid`	$173.00K	USD	Annual
Payments for income taxes, net of refunds	`IncomeTaxesPaidNet`	$129.00K	USD	Annual
Payments for income taxes, net of refunds	`IncomeTaxesPaidNet`	$8.00K	USD	Annual

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Balances	`StockholdersEquity`	$29.28M	USD	Point-in-time
Balances	`StockholdersEquity`	$31.19M	USD	Point-in-time
Balances	`StockholdersEquity`	$28.79M	USD	Point-in-time
Shares issued for ESPP	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$135.00K	USD	Annual
Shares issued for ESPP	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$138.00K	USD	Annual
Shares issued for ESPP (in Shares)	`StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans`	62,029.00	shares	Annual
Shares issued for ESPP (in Shares)	`StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans`	20,390.00	shares	Annual
Shares issued for exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$465.00K	USD	Annual
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$511.00K	USD	Annual
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$2.16M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-2.55M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-362.00K	USD	Annual
Balances	`StockholdersEquity`	$29.28M	USD	Point-in-time
Balances	`StockholdersEquity`	$31.19M	USD	Point-in-time
Balances	`StockholdersEquity`	$28.79M	USD	Point-in-time

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