10-Q Filing

XPLORE TECHNOLOGIES CORP CIK: 1177845 Q3 2017

Filing Information

Form Type	10-Q
Accession Number	`0001185185-18-000195`
Period End Date	20171231
Filing Date	20180213
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	xplr-20171231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 72 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`	$4.10M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$18.00K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.59M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.46M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$23.23M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$10.45M	USD	Point-in-time
Inventory, net	`InventoryNet`	$26.73M	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
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`	$473.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	15.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$50.45M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$27.24M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.91M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	11.02M	shares	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$1.86M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$1.68M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.43M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.16M	USD	Point-in-time
Goodwill	`Goodwill`	$15.16M	USD	Point-in-time
Goodwill	`Goodwill`	$15.16M	USD	Point-in-time
Total assets	`Assets`	$45.69M	USD	Point-in-time
Total assets	`Assets`	$68.44M	USD	Point-in-time
Short-term indebtedness	`ShortTermBorrowings`	$14.32M	USD	Point-in-time
Short-term indebtedness	`ShortTermBorrowings`	-	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.34M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$10.23M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$2.27M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$6.67M	USD	Point-in-time
Deferred revenue and current warranty liabilities	`OtherLiabilitiesCurrent`	$2.91M	USD	Point-in-time
Deferred revenue and current warranty liabilities	`OtherLiabilitiesCurrent`	$3.15M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$34.13M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.75M	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`	$3.66M	USD	Point-in-time
Total liabilities	`Liabilities`	$16.40M	USD	Point-in-time
Total liabilities	`Liabilities`	$37.79M	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 11,021 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 11,021 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`	$172.22M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-142.51M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-141.57M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$29.28M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$30.66M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$45.69M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$68.44M	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$60.98M	USD	3 Qtrs
Revenue	`SalesRevenueNet`	$66.60M	USD	3 Qtrs
Revenue	`SalesRevenueNet`	$24.50M	USD	1 Quarter
Revenue	`SalesRevenueNet`	$23.85M	USD	1 Quarter
Cost of revenue	`CostOfGoodsAndServicesSold`	$46.44M	USD	3 Qtrs
Cost of revenue	`CostOfGoodsAndServicesSold`	$16.23M	USD	1 Quarter
Cost of revenue	`CostOfGoodsAndServicesSold`	$17.78M	USD	1 Quarter
Cost of revenue	`CostOfGoodsAndServicesSold`	$43.76M	USD	3 Qtrs
Gross profit	`GrossProfit`	$17.21M	USD	3 Qtrs
Gross profit	`GrossProfit`	$6.71M	USD	1 Quarter
Gross profit	`GrossProfit`	$7.62M	USD	1 Quarter
Gross profit	`GrossProfit`	$20.16M	USD	3 Qtrs
Sales, marketing and support	`SellingAndMarketingExpense`	$3.15M	USD	1 Quarter
Sales, marketing and support	`SellingAndMarketingExpense`	$3.80M	USD	1 Quarter
Sales, marketing and support	`SellingAndMarketingExpense`	$9.48M	USD	3 Qtrs
Sales, marketing and support	`SellingAndMarketingExpense`	$10.17M	USD	3 Qtrs
Product research, development and engineering	`ResearchAndDevelopmentExpense`	$779.00K	USD	1 Quarter
Product research, development and engineering	`ResearchAndDevelopmentExpense`	$1.30M	USD	1 Quarter
Product research, development and engineering	`ResearchAndDevelopmentExpense`	$2.51M	USD	3 Qtrs
Product research, development and engineering	`ResearchAndDevelopmentExpense`	$3.57M	USD	3 Qtrs
General administration	`GeneralAndAdministrativeExpense`	$6.31M	USD	3 Qtrs
General administration	`GeneralAndAdministrativeExpense`	$1.82M	USD	1 Quarter
General administration	`GeneralAndAdministrativeExpense`	$2.58M	USD	1 Quarter
General administration	`GeneralAndAdministrativeExpense`	$5.72M	USD	3 Qtrs
OperatingExpenses	`OperatingExpenses`	$7.16M	USD	1 Quarter
OperatingExpenses	`OperatingExpenses`	$6.27M	USD	1 Quarter
OperatingExpenses	`OperatingExpenses`	$18.99M	USD	3 Qtrs
OperatingExpenses	`OperatingExpenses`	$18.78M	USD	3 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$461.00K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$443.00K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$1.17M	USD	3 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$-1.56M	USD	3 Qtrs
Other	`OtherNonoperatingIncomeExpense`	$45.00K	USD	3 Qtrs
Other	`OtherNonoperatingIncomeExpense`	$-96.00K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$2.00K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$-214.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$156.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$79.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$247.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$143.00K	USD	1 Quarter
NonoperatingIncomeExpense	`NonoperatingIncomeExpense`	$-175.00K	USD	1 Quarter
NonoperatingIncomeExpense	`NonoperatingIncomeExpense`	$-202.00K	USD	3 Qtrs
NonoperatingIncomeExpense	`NonoperatingIncomeExpense`	$-141.00K	USD	1 Quarter
NonoperatingIncomeExpense	`NonoperatingIncomeExpense`	$-370.00K	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$268.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$966.00K	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.94M	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$320.00K	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$49.00K	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$18.00K	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$129.00K	USD	3 Qtrs
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$28.00K	USD	3 Qtrs
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$938.00K	USD	3 Qtrs
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$302.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$219.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-2.06M	USD	3 Qtrs
Income (loss) per common share, basic (in Dollars per share)	`EarningsPerShareBasic`	$-0.19	USD	3 Qtrs
Income (loss) per common share, basic (in Dollars per share)	`EarningsPerShareBasic`	$0.03	USD	1 Quarter
Income (loss) per common share, basic (in Dollars per share)	`EarningsPerShareBasic`	$0.02	USD	1 Quarter
Income (loss) per common share, basic (in Dollars per share)	`EarningsPerShareBasic`	$0.09	USD	3 Qtrs
Income (loss) per common share, fully diluted (in Dollars per share)	`EarningsPerShareDiluted`	$-0.19	USD	3 Qtrs
Income (loss) per common share, fully diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.09	USD	3 Qtrs
Income (loss) per common share, fully diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.03	USD	1 Quarter
Income (loss) per common share, fully diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.02	USD	1 Quarter
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`	11.01M	shares	3 Qtrs
Weighted average number of common shares outstanding, basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	11.02M	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`	11.03M	shares	1 Quarter
Weighted average number of common shares outstanding, fully diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	11.01M	shares	3 Qtrs
Weighted average number of common shares outstanding, fully diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.93M	shares	3 Qtrs
Weighted average number of common shares outstanding, fully diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.95M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-2.06M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$938.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.36M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.17M	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-44.00K	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$217.00K	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`	$337.00K	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$413.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$13.00M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.89M	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$303.00K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$13.87M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-325.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$4.00K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.42M	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$7.07M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-16.94M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.79M	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`	-	USD	3 Qtrs
Additions to fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.63M	USD	3 Qtrs
Additions to fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$914.00K	USD	3 Qtrs
Net used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.91M	USD	3 Qtrs
Net used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-914.00K	USD	3 Qtrs
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$44.98M	USD	3 Qtrs
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$59.44M	USD	3 Qtrs
Repayment of short-term indebtedness	`RepaymentsOfShortTermDebt`	$45.13M	USD	3 Qtrs
Repayment of short-term indebtedness	`RepaymentsOfShortTermDebt`	$39.88M	USD	3 Qtrs
Net proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$97.00K	USD	3 Qtrs
Net proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$112.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$5.21M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$14.41M	USD	3 Qtrs
CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.50M	USD	3 Qtrs
CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.44M	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`	$18.00K	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`	$4.10M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$18.00K	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
Payments for interest	`InterestPaid`	$247.00K	USD	3 Qtrs
Payments for interest	`InterestPaid`	$156.00K	USD	3 Qtrs
Payments for income taxes	`IncomeTaxesPaidNet`	$129.00K	USD	3 Qtrs
Payments for income taxes	`IncomeTaxesPaidNet`	-	USD	3 Qtrs

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