10-K Filing

XPLORE TECHNOLOGIES CORP CIK: 1177845 FY 2011

Filing Information

Form Type	10-K
Accession Number	`0001437749-12-006351`
Period End Date	20120331
Filing Date	20120625
Fiscal Year	2011
Fiscal Period	FY
XBRL Instance	xlrt-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 39 Income Statement 36 Cash Flow Statement 52 Stockholders Equity 20

Balance Sheet 39 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$168.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$389.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$199.00K	USD	Point-in-time
Common stock par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$8.39M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.68M	USD	Point-in-time
Common stock par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventory, net	`InventoryNet`	$3.75M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.35B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.35B	shares	Point-in-time
Inventory, net	`InventoryNet`	$3.97M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	235.32M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$201.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	178.47M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$99.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.80M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$12.66M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$363.00K	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$467.00K	USD	Point-in-time
Assets	`Assets`	$7.27M	USD	Point-in-time
Assets	`Assets`	$13.02M	USD	Point-in-time
Short-term indebtedness	`LinesOfCreditCurrent`	$566.00K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$6.58M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.91M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.47M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.58M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common Stock, par value $0.001 per share; authorized 1,350,000; shares issued 235,318 and 178,471, respectively	`CommonStockValue`	$235.00K	USD	Point-in-time
Common Stock, par value $0.001 per share; authorized 1,350,000; shares issued 235,318 and 178,471, respectively	`CommonStockValue`	$178.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$133.93M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$141.72M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-135.62M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-130.41M	USD	Point-in-time
StockholdersEquity	`StockholdersEquity`	$3.80M	USD	Point-in-time
StockholdersEquity	`StockholdersEquity`	$6.44M	USD	Point-in-time
StockholdersEquity	`StockholdersEquity`	$-2.22M	USD	Point-in-time
LiabilitiesAndStockholdersEquity	`LiabilitiesAndStockholdersEquity`	$7.27M	USD	Point-in-time
LiabilitiesAndStockholdersEquity	`LiabilitiesAndStockholdersEquity`	$13.02M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$17.76M	USD	Annual
Revenue	`SalesRevenueNet`	$27.53M	USD	Annual
Cost of revenue	`CostOfGoodsAndServicesSold`	$19.14M	USD	Annual
Cost of revenue	`CostOfGoodsAndServicesSold`	$12.34M	USD	Annual
Gross profit	`GrossProfit`	$8.39M	USD	Annual
Gross profit	`GrossProfit`	$5.42M	USD	Annual
Sales, marketing and support	`SellingAndMarketingExpense`	$3.00M	USD	Annual
Sales, marketing and support	`SellingAndMarketingExpense`	$3.76M	USD	Annual
Product research, development and engineering	`ResearchAndDevelopmentExpense`	$1.52M	USD	Annual
Product research, development and engineering	`ResearchAndDevelopmentExpense`	$2.06M	USD	Annual
General administration	`GeneralAndAdministrativeExpense`	$3.34M	USD	Annual
General administration	`GeneralAndAdministrativeExpense`	$2.97M	USD	Annual
OperatingExpenses	`OperatingExpenses`	$8.03M	USD	Annual
OperatingExpenses	`OperatingExpenses`	$8.62M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-2.61M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-237.00K	USD	Annual
Interest expense	`InterestExpense`	$3.73M	USD	Annual
Interest expense	`InterestExpense`	$221.00K	USD	Annual
Other	`OtherNonoperatingExpense`	$43.00K	USD	Annual
Other	`OtherNonoperatingExpense`	$65.00K	USD	Annual
NonoperatingIncomeExpense	`NonoperatingIncomeExpense`	$-3.78M	USD	Annual
NonoperatingIncomeExpense	`NonoperatingIncomeExpense`	$-286.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-523.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-6.39M	USD	Annual
Dividends attributable to Preferred Stock	`PreferredStockDividendsIncomeStatementImpact`	$4.60M	USD	Annual
Dividends attributable to Preferred Stock	`PreferredStockDividendsIncomeStatementImpact`	$2.86M	USD	Annual
Net loss attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-5.12M	USD	Annual
Net loss attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-9.25M	USD	Annual
Loss per common share (in Dollars per share)	`LossPerCommonShare`	-	USD	Annual
Loss per common share (in Dollars per share)	`LossPerCommonShare`	$-0.04	USD	Annual
Dividends attributable to Preferred Stock (in Dollars per share)	`PreferredStockDividendsPerShareDeclared`	$-0.02	USD	Annual
Dividends attributable to Preferred Stock (in Dollars per share)	`PreferredStockDividendsPerShareDeclared`	$-0.02	USD	Annual
Loss per share attributable to common stockholders, basic and fully diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.06	USD	Annual
Loss per share attributable to common stockholders, basic and fully diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	Annual
Weighted average number of common shares outstanding, basic and fully diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	204.90M	shares	Annual
Weighted average number of common shares outstanding, basic and fully diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	152.92M	shares	Annual

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-523.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-6.39M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$647.00K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$310.00K	USD	Annual
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-5.00K	USD	Annual
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-111.00K	USD	Annual
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$2.46M	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$790.00K	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$1.05M	USD	Annual
Equity instruments issued in exchange for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$225.00K	USD	Annual
Equity instruments issued in exchange for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$200.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$5.71M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.50M	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$215.00K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$1.46M	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-390.00K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-102.00K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$3.63M	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-87.00K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.11M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.08M	USD	Annual
Additions to fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$543.00K	USD	Annual
Additions to fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$682.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-543.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-682.00K	USD	Annual
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$14.55M	USD	Annual
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$16.89M	USD	Annual
Repayment of short-term indebtedness	`RepaymentsOfShortTermDebt`	$15.12M	USD	Annual
Repayment of short-term indebtedness	`RepaymentsOfShortTermDebt`	$16.88M	USD	Annual
Net proceeds from issuance of promissory notes	`ProceedsFromNotesPayable`	$1.59M	USD	Annual
Net proceeds on issuance of Series D Preferred Stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$937.00K	USD	Annual
Net proceeds on issuance of Series D Preferred Stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$2.18M	USD	Annual
Net proceeds on issuance of Common Stock	`ProceedsFromIssuanceOfCommonStock`	$37.00K	USD	Annual
Net proceeds on issuance of Common Stock	`ProceedsFromIssuanceOfCommonStock`	$28.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.57M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.65M	USD	Annual
CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-221.00K	USD	Annual
CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$31.00K	USD	Annual
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$168.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$389.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$199.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$168.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$389.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$199.00K	USD	Point-in-time
Payments for interest	`InterestPaid`	$152.00K	USD	Annual
Payments for interest	`InterestPaid`	$221.00K	USD	Annual
Payments for income taxes	`IncomeTaxesPaid`	-	USD	Annual
Payments for income taxes	`IncomeTaxesPaid`	-	USD	Annual
Preferred Stock dividends issued in the form of stock	`DividendsPreferredStockStock`	$4.69M	USD	Annual
Preferred Stock dividends issued in the form of stock	`DividendsPreferredStockStock`	$2.42M	USD	Annual
Payments for interest satisfied with issuance of stock	`CommonStockIssuedForPaymentOfInterest`	$874.00K	USD	Annual
Conversion of promissory notes to stock	`ConversionOfStockAmountConverted1`	$9.33M	USD	Annual

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Balances	`StockholdersEquity`	$3.80M	USD	Point-in-time
Balances	`StockholdersEquity`	$6.44M	USD	Point-in-time
Balances	`StockholdersEquity`	$-2.22M	USD	Point-in-time
Issuance costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$138.00K	USD	Annual
Value assigned to warrants issued	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$530.00K	USD	Annual
Shares issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$50.00K	USD	Annual
Shares issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$210.00K	USD	Annual
Shares issued in settlement of liability	`StockIssuedDuringPeriodValueOther`	$874.00K	USD	Annual
Shares issued for ESPP	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$28.00K	USD	Annual
Shares issued for ESPP	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$37.00K	USD	Annual
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$872.00K	USD	Annual
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$906.00K	USD	Annual
Conversion of promissory notes to Series D Preferred Stock, net of issuance costs of $437	`StockIssuedDuringPeriodValueConversionOfPromissoryNoteToSeriesDPreferredStock`	$8.89M	USD	Annual
Sale of Preferred Stock, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$937.00K	USD	Annual
Sale of Preferred Stock, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$2.18M	USD	Annual
Net loss	`NetIncomeLoss`	$-523.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-6.39M	USD	Annual
Balances	`StockholdersEquity`	$3.80M	USD	Point-in-time
Balances	`StockholdersEquity`	$6.44M	USD	Point-in-time
Balances	`StockholdersEquity`	$-2.22M	USD	Point-in-time

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