10-Q Filing

XPLORE TECHNOLOGIES CORP CIK: 1177845 Q2 2017

Filing Information

Form Type	10-Q
Accession Number	`0001185185-17-002367`
Period End Date	20170930
Filing Date	20171114
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	xplr-20170930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 71 Cash Flow Statement 48

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`	$5.59M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.46M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.46M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$260.00K	USD	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
Accounts receivable, net	`AccountsReceivableNetCurrent`	$19.32M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$10.45M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventory, net	`InventoryNet`	$22.51M	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
Inventory, net	`InventoryNet`	$12.86M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	15.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$469.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	15.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$505.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.91M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$42.59M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	11.01M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$27.24M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$1.97M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$1.86M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.25M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.43M	USD	Point-in-time
Goodwill	`Goodwill`	$15.16M	USD	Point-in-time
Goodwill	`Goodwill`	$15.16M	USD	Point-in-time
Assets	`Assets`	$45.69M	USD	Point-in-time
Assets	`Assets`	$60.97M	USD	Point-in-time
Short-term indebtedness with bank	`ShortTermBorrowings`	$8.37M	USD	Point-in-time
Short-term indebtedness with bank	`ShortTermBorrowings`	-	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.34M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$12.67M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$2.27M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$3.13M	USD	Point-in-time
Deferred revenue and current warranty liabilities	`OtherLiabilitiesCurrent`	$2.92M	USD	Point-in-time
Deferred revenue and current warranty liabilities	`OtherLiabilitiesCurrent`	$3.15M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$27.09M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.75M	USD	Point-in-time
Deferred revenue and non-current warranty liabilities	`OtherLiabilitiesNoncurrent`	$3.68M	USD	Point-in-time
Deferred revenue and non-current warranty liabilities	`OtherLiabilitiesNoncurrent`	$3.65M	USD	Point-in-time
Total liabilities	`Liabilities`	$30.77M	USD	Point-in-time
Total liabilities	`Liabilities`	$16.40M	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 and outstanding 11,005 and 10,908, respectively	`CommonStockValue`	$11.00K	USD	Point-in-time
Common Stock, par value $0.001 per share; authorized 15,000; shares issued and outstanding 11,005 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`	$172.07M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-141.88M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-142.51M	USD	Point-in-time
StockholdersEquity	`StockholdersEquity`	$29.28M	USD	Point-in-time
StockholdersEquity	`StockholdersEquity`	$30.20M	USD	Point-in-time
LiabilitiesAndStockholdersEquity	`LiabilitiesAndStockholdersEquity`	$60.97M	USD	Point-in-time
LiabilitiesAndStockholdersEquity	`LiabilitiesAndStockholdersEquity`	$45.69M	USD	Point-in-time

Income Statement 71 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$22.75M	USD	1 Quarter
Revenue	`SalesRevenueNet`	$36.48M	USD	2 Qtrs
Revenue	`SalesRevenueNet`	$20.01M	USD	1 Quarter
Revenue	`SalesRevenueNet`	$42.75M	USD	2 Qtrs
Cost of revenue	`CostOfGoodsAndServicesSold`	$30.21M	USD	2 Qtrs
Cost of revenue	`CostOfGoodsAndServicesSold`	$16.39M	USD	1 Quarter
Cost of revenue	`CostOfGoodsAndServicesSold`	$25.98M	USD	2 Qtrs
Cost of revenue	`CostOfGoodsAndServicesSold`	$14.37M	USD	1 Quarter
Gross profit	`GrossProfit`	$12.54M	USD	2 Qtrs
Gross profit	`GrossProfit`	$5.64M	USD	1 Quarter
Gross profit	`GrossProfit`	$10.50M	USD	2 Qtrs
Gross profit	`GrossProfit`	$6.35M	USD	1 Quarter
Sales, marketing and support	`SellingAndMarketingExpense`	$3.17M	USD	1 Quarter
Sales, marketing and support	`SellingAndMarketingExpense`	$2.90M	USD	1 Quarter
Sales, marketing and support	`SellingAndMarketingExpense`	$6.37M	USD	2 Qtrs
Sales, marketing and support	`SellingAndMarketingExpense`	$6.33M	USD	2 Qtrs
Product research, development and engineering	`ResearchAndDevelopmentExpense`	$1.32M	USD	1 Quarter
Product research, development and engineering	`ResearchAndDevelopmentExpense`	$922.00K	USD	1 Quarter
Product research, development and engineering	`ResearchAndDevelopmentExpense`	$1.73M	USD	2 Qtrs
Product research, development and engineering	`ResearchAndDevelopmentExpense`	$2.27M	USD	2 Qtrs
General administration	`GeneralAndAdministrativeExpense`	$3.91M	USD	2 Qtrs
General administration	`GeneralAndAdministrativeExpense`	$3.74M	USD	2 Qtrs
General administration	`GeneralAndAdministrativeExpense`	$1.87M	USD	1 Quarter
General administration	`GeneralAndAdministrativeExpense`	$1.79M	USD	1 Quarter
OperatingExpenses	`OperatingExpenses`	$12.51M	USD	2 Qtrs
OperatingExpenses	`OperatingExpenses`	$11.83M	USD	2 Qtrs
OperatingExpenses	`OperatingExpenses`	$6.08M	USD	1 Quarter
OperatingExpenses	`OperatingExpenses`	$5.87M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$479.00K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-2.01M	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$-445.00K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$707.00K	USD	2 Qtrs
Other	`OtherNonoperatingIncomeExpense`	$7.00K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$43.00K	USD	2 Qtrs
Other	`OtherNonoperatingIncomeExpense`	$-77.00K	USD	2 Qtrs
Other	`OtherNonoperatingIncomeExpense`	$-22.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$104.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$79.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$118.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$69.00K	USD	1 Quarter
NonoperatingIncomeExpense	`NonoperatingIncomeExpense`	$-72.00K	USD	1 Quarter
NonoperatingIncomeExpense	`NonoperatingIncomeExpense`	$-91.00K	USD	1 Quarter
NonoperatingIncomeExpense	`NonoperatingIncomeExpense`	$-195.00K	USD	2 Qtrs
NonoperatingIncomeExpense	`NonoperatingIncomeExpense`	$-61.00K	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-2.20M	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-536.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$407.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$646.00K	USD	2 Qtrs
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$80.00K	USD	2 Qtrs
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$10.00K	USD	2 Qtrs
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$10.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$397.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$636.00K	USD	2 Qtrs
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-2.28M	USD	2 Qtrs
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-536.00K	USD	1 Quarter
Income (loss) per common share, basic (in Dollars per share)	`EarningsPerShareBasic`	$0.06	USD	2 Qtrs
Income (loss) per common share, basic (in Dollars per share)	`EarningsPerShareBasic`	$-0.21	USD	2 Qtrs
Income (loss) per common share, basic (in Dollars per share)	`EarningsPerShareBasic`	$-0.05	USD	1 Quarter
Income (loss) per common share, basic (in Dollars per share)	`EarningsPerShareBasic`	$0.04	USD	1 Quarter
Income (loss) per common share, fully diluted (in Dollars per share)	`EarningsPerShareDiluted`	$-0.21	USD	2 Qtrs
Income (loss) per common share, fully diluted (in Dollars per share)	`EarningsPerShareDiluted`	$-0.05	USD	1 Quarter
Income (loss) per common share, fully diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.04	USD	1 Quarter
Income (loss) per common share, fully diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.06	USD	2 Qtrs
Weighted average number of common shares outstanding, basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	11.01M	shares	1 Quarter
Weighted average number of common shares outstanding, basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	11.00M	shares	2 Qtrs
Weighted average number of common shares outstanding, basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.93M	shares	1 Quarter
Weighted average number of common shares outstanding, basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.92M	shares	2 Qtrs
Weighted average number of common shares outstanding, fully diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.92M	shares	2 Qtrs
Weighted average number of common shares outstanding, fully diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	11.01M	shares	1 Quarter
Weighted average number of common shares outstanding, fully diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	11.00M	shares	2 Qtrs
Weighted average number of common shares outstanding, fully diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.93M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$636.00K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-2.28M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$927.00K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$804.00K	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-52.00K	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$61.00K	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$302.00K	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$215.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$8.92M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$224.00K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$4.29M	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$9.65M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-469.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$36.00K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$5.99M	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-5.21M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-10.78M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-10.49M	USD	2 Qtrs
Change in liabilities assumed in purchase of business	`PaymentsForProceedsFromPreviousAcquisition`	$287.00K	USD	2 Qtrs
Change in liabilities assumed in purchase of business	`PaymentsForProceedsFromPreviousAcquisition`	-	USD	2 Qtrs
Additions to fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$652.00K	USD	2 Qtrs
Additions to fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$855.00K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-939.00K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-855.00K	USD	2 Qtrs
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$34.19M	USD	2 Qtrs
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$27.60M	USD	2 Qtrs
Repayment of short-term indebtedness	`RepaymentsOfShortTermDebt`	$18.35M	USD	2 Qtrs
Repayment of short-term indebtedness	`RepaymentsOfShortTermDebt`	$25.81M	USD	2 Qtrs
Net proceeds from issuance of Common Stock	`ProceedsFromIssuanceOfCommonStock`	$42.00K	USD	2 Qtrs
Net proceeds from issuance of Common Stock	`ProceedsFromIssuanceOfCommonStock`	$66.00K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$9.29M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$8.44M	USD	2 Qtrs
CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.14M	USD	2 Qtrs
CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.20M	USD	2 Qtrs
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, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.46M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$260.00K	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
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.46M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$260.00K	USD	Point-in-time
Net assets acquired with debt in purchase transaction	`FairValueOfAssetsAcquired`	-	USD	2 Qtrs
Net assets acquired with debt in purchase transaction	`FairValueOfAssetsAcquired`	-	USD	2 Qtrs
Payments for interest	`InterestPaid`	$77.00K	USD	2 Qtrs
Payments for interest	`InterestPaid`	$104.00K	USD	2 Qtrs
Payments for income taxes	`IncomeTaxesPaidNet`	$80.00K	USD	2 Qtrs
Payments for income taxes	`IncomeTaxesPaidNet`	-	USD	2 Qtrs

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