10-K Filing

XPLORE TECHNOLOGIES CORP CIK: 1177845 FY 2017

Filing Information

Form Type	10-K
Accession Number	`0001185185-18-001256`
Period End Date	20180331
Filing Date	20180716
Fiscal Year	2017
Fiscal Period	FY
XBRL Instance	xplr-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 52 Cash Flow Statement 50 Stockholders Equity 14

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`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.46M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.59M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$46.00K	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
Common stock par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$18.79M	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`	15.00M	shares	Point-in-time
Inventory, net	`InventoryNet`	$25.70M	USD	Point-in-time
Inventory, net	`InventoryNet`	$12.86M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.97M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$469.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.14M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	11.09M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$27.24M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$45.68M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$1.86M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$1.67M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.06M	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
Total assets	`Assets`	$63.58M	USD	Point-in-time
Total assets	`Assets`	$45.69M	USD	Point-in-time
Bank indebtedness	`LinesOfCreditCurrent`	$14.16M	USD	Point-in-time
Bank indebtedness	`LinesOfCreditCurrent`	-	USD	Point-in-time
Accrued payable	`AccountsPayableCurrent`	$10.01M	USD	Point-in-time
Accrued payable	`AccountsPayableCurrent`	$7.34M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$2.67M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$2.27M	USD	Point-in-time
Deferred revenue and current warranty liabilities	`OtherLiabilitiesCurrent`	$3.04M	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`	$29.87M	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`	$3.43M	USD	Point-in-time
Total liabilities	`Liabilities`	$33.30M	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; shares issued none	`PreferredStockValue`	-	USD	Point-in-time
Preferred Stock, par value $0.001 per share; authorized 5,000; shares issued none	`PreferredStockValue`	-	USD	Point-in-time
Common Stock, par value $0.001 per share; authorized 15,000; shares issued 11,086 and 10,970, respectively	`CommonStockValue`	$11.00K	USD	Point-in-time
Common Stock, par value $0.001 per share; authorized 15,000; shares issued 11,086 and 10,970, respectively	`CommonStockValue`	$11.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$171.78M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$172.48M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-142.51M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-142.21M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$30.27M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$29.28M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$31.19M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$63.58M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$45.69M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$86.85M	USD	Annual
Revenue	`Revenues`	$24.50M	USD	1 Quarter
Revenue	`Revenues`	$77.93M	USD	Annual
Revenue	`Revenues`	$20.01M	USD	1 Quarter
Revenue	`Revenues`	$20.00M	USD	1 Quarter
Revenue	`Revenues`	$16.47M	USD	1 Quarter
Revenue	`Revenues`	$22.75M	USD	1 Quarter
Revenue	`Revenues`	$20.25M	USD	1 Quarter
Revenue	`Revenues`	$23.85M	USD	1 Quarter
Revenue	`Revenues`	$16.95M	USD	1 Quarter
Cost of revenue	`CostOfGoodsAndServicesSold`	$55.96M	USD	Annual
Cost of revenue	`CostOfGoodsAndServicesSold`	$60.96M	USD	Annual
Gross profit	`GrossProfit`	$25.89M	USD	Annual
Gross profit	`GrossProfit`	$21.97M	USD	Annual
Sales, marketing and support	`SellingAndMarketingExpense`	$12.37M	USD	Annual
Sales, marketing and support	`SellingAndMarketingExpense`	$14.44M	USD	Annual
Product research, development and engineering	`ResearchAndDevelopmentExpense`	$3.35M	USD	Annual
Product research, development and engineering	`ResearchAndDevelopmentExpense`	$4.46M	USD	Annual
General administration	`GeneralAndAdministrativeExpense`	$7.44M	USD	Annual
General administration	`GeneralAndAdministrativeExpense`	$7.19M	USD	Annual
OperatingExpenses	`OperatingExpenses`	$25.23M	USD	Annual
OperatingExpenses	`OperatingExpenses`	$24.02M	USD	Annual
Income (loss) from operations	`OperatingIncomeLoss`	$-506.00K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-445.00K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$461.00K	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`	$443.00K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-488.00K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$479.00K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$662.00K	USD	Annual
Income (loss) from operations	`OperatingIncomeLoss`	$228.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$173.00K	USD	Annual
Interest expense	`InterestExpense`	$426.00K	USD	Annual
Other income (expense)	`OtherNonoperatingIncomeExpense`	$71.00K	USD	Annual
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-197.00K	USD	Annual
NonoperatingIncomeExpense	`NonoperatingIncomeExpense`	$-370.00K	USD	Annual
NonoperatingIncomeExpense	`NonoperatingIncomeExpense`	$-355.00K	USD	Annual
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$307.00K	USD	Annual
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-2.42M	USD	Annual
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$129.00K	USD	Annual
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$7.00K	USD	Annual
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-2.55M	USD	Annual
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$300.00K	USD	Annual
Income (loss) per common share, primary (in Dollars per share)	`EarningsPerShareBasic`	$0.03	USD	Annual
Income (loss) per common share, primary (in Dollars per share)	`EarningsPerShareBasic`	$-0.23	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`	11.02M	shares	Annual
Weighted average number of common shares outstanding, primary (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.94M	shares	Annual
Weighted average number of common shares outstanding, fully diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	11.03M	shares	Annual
Weighted average number of common shares outstanding, fully diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.94M	shares	Annual

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$300.00K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-2.55M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.57M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.76M	USD	Annual
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$233.00K	USD	Annual
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-91.00K	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$570.00K	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$511.00K	USD	Annual
Reversal of inventory reserve	`ReversalOfInventoryReserve`	$869.00K	USD	Annual
Reversal of inventory reserve	`ReversalOfInventoryReserve`	-	USD	Annual
Interest expense	`InterestExpenseOther`	-	USD	Annual
Interest expense	`InterestExpenseOther`	$65.00K	USD	Annual
Loss on disposal of asset	`GainLossOnDispositionOfAssets1`	$-28.00K	USD	Annual
Loss on disposal of asset	`GainLossOnDispositionOfAssets1`	-	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$8.57M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.92M	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$11.98M	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$-2.00M	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-331.00K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$523.00K	USD	Annual
Accounts payable and accrued liabilities, including deferred revenue	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-5.60M	USD	Annual
Accounts payable and accrued liabilities, including deferred revenue	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.74M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$116.00K	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-16.27M	USD	Annual
Net cash (paid) in purchase transaction	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	Annual
Net cash (paid) in purchase transaction	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$287.00K	USD	Annual
Additions to fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.10M	USD	Annual
Additions to fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.22M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.38M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.22M	USD	Annual
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$83.42M	USD	Annual
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$50.48M	USD	Annual
Repayment of short-term indebtedness	`RepaymentsOfShortTermDebt`	$69.47M	USD	Annual
Repayment of short-term indebtedness	`RepaymentsOfShortTermDebt`	$50.48M	USD	Annual
Net proceeds on issuance of Common Stock	`ProceedsFromIssuanceOfCommonStock`	$123.00K	USD	Annual
Net proceeds on issuance of Common Stock	`ProceedsFromIssuanceOfCommonStock`	$135.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$14.07M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$135.00K	USD	Annual
CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.41M	USD	Annual
CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.13M	USD	Annual
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.46M	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`	$46.00K	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`	$5.59M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$46.00K	USD	Point-in-time
Payments for interest	`InterestPaid`	$296.00K	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`	-	USD	Annual

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balances	`StockholdersEquity`	$30.27M	USD	Point-in-time
Balances	`StockholdersEquity`	$29.28M	USD	Point-in-time
Balances	`StockholdersEquity`	$31.19M	USD	Point-in-time
Shares issued for ESPP (in Shares)	`StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans`	64,020.00	shares	Annual
Shares issued for ESPP (in Shares)	`StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans`	62,029.00	shares	Annual
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$511.00K	USD	Annual
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$570.00K	USD	Annual
Stock-based compensation (in Shares)	`StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans`	64,020.00	shares	Annual
Stock-based compensation (in Shares)	`StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans`	62,029.00	shares	Annual
Net income (loss)	`NetIncomeLoss`	$300.00K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-2.55M	USD	Annual
Balances	`StockholdersEquity`	$30.27M	USD	Point-in-time
Balances	`StockholdersEquity`	$29.28M	USD	Point-in-time
Balances	`StockholdersEquity`	$31.19M	USD	Point-in-time

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