10-Q Filing

XPLORE TECHNOLOGIES CORP CIK: 1177845 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001437749-12-007142`
Period End Date	20120630
Filing Date	20120725
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	xlrt-20120630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 47 Income Statement 36 Cash Flow Statement 48

Balance Sheet 47 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, shares authorized	`PreferredStockSharesAuthorized`	150.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	2.32M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$199.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.89M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$168.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$133.00K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.47M	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`	$8.39M	USD	Point-in-time
Common stock par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	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 authorized	`CommonStockSharesAuthorized`	1.35B	shares	Point-in-time
Inventory, net	`InventoryNet`	$5.47M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	235.32M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	256.43M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$88.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$99.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$12.66M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$10.93M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$363.00K	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$385.00K	USD	Point-in-time
Deferred charges	`DeferredCosts`	$36.00K	USD	Point-in-time
Assets	`Assets`	$13.02M	USD	Point-in-time
Assets	`Assets`	$11.35M	USD	Point-in-time
Short-term indebtedness	`LinesOfCreditCurrent`	-	USD	Point-in-time
Short-term indebtedness	`LinesOfCreditCurrent`	-	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$3.69M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$6.58M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.58M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.69M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock value	`PreferredStockValue`	$175.00K	USD	Point-in-time
Common Stock, par value $0.001 per share; authorized 1,350,000; shares issued 256,431 and 235,318, respectively	`CommonStockValue`	$256.00K	USD	Point-in-time
Common Stock, par value $0.001 per share; authorized 1,350,000; shares issued 256,431 and 235,318, respectively	`CommonStockValue`	$235.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$143.31M	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`	$-136.00M	USD	Point-in-time
StockholdersEquity	`StockholdersEquity`	$7.66M	USD	Point-in-time
StockholdersEquity	`StockholdersEquity`	$6.44M	USD	Point-in-time
LiabilitiesAndStockholdersEquity	`LiabilitiesAndStockholdersEquity`	$13.02M	USD	Point-in-time
LiabilitiesAndStockholdersEquity	`LiabilitiesAndStockholdersEquity`	$11.35M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$9.95M	USD	1 Quarter
Revenue	`SalesRevenueNet`	$2.68M	USD	1 Quarter
Cost of revenue	`CostOfGoodsAndServicesSold`	$6.64M	USD	1 Quarter
Cost of revenue	`CostOfGoodsAndServicesSold`	$2.10M	USD	1 Quarter
Gross profit	`GrossProfit`	$573.00K	USD	1 Quarter
Gross profit	`GrossProfit`	$3.31M	USD	1 Quarter
Sales, marketing and support	`SellingAndMarketingExpense`	$963.00K	USD	1 Quarter
Sales, marketing and support	`SellingAndMarketingExpense`	$799.00K	USD	1 Quarter
Product research, development and engineering	`ResearchAndDevelopmentExpense`	$486.00K	USD	1 Quarter
Product research, development and engineering	`ResearchAndDevelopmentExpense`	$551.00K	USD	1 Quarter
General administration	`GeneralAndAdministrativeExpense`	$886.00K	USD	1 Quarter
General administration	`GeneralAndAdministrativeExpense`	$702.00K	USD	1 Quarter
OperatingExpenses	`OperatingExpenses`	$1.99M	USD	1 Quarter
OperatingExpenses	`OperatingExpenses`	$2.40M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-1.41M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$905.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$34.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$62.00K	USD	1 Quarter
Other	`OtherNonoperatingExpense`	$24.00K	USD	1 Quarter
Other	`OtherNonoperatingExpense`	$15.00K	USD	1 Quarter
NonoperatingIncomeExpense	`NonoperatingIncomeExpense`	$-86.00K	USD	1 Quarter
NonoperatingIncomeExpense	`NonoperatingIncomeExpense`	$-49.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.46M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$819.00K	USD	1 Quarter
Dividends attributable to Preferred Stock	`PreferredStockDividendsIncomeStatementImpact`	$-1.04M	USD	1 Quarter
Dividends attributable to Preferred Stock	`PreferredStockDividendsIncomeStatementImpact`	$-1.14M	USD	1 Quarter
Net loss attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-2.51M	USD	1 Quarter
Net loss attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-318.00K	USD	1 Quarter
Income (loss) per common share (in Dollars per share)	`LossPerCommonShare`	-	USD	1 Quarter
Income (loss) per common share (in Dollars per share)	`LossPerCommonShare`	$-0.01	USD	1 Quarter
Dividends attributable to Preferred Stock (in Dollars per share)	`PreferredStockDividendsPerShareDeclared`	-	USD	1 Quarter
Dividends attributable to Preferred Stock (in Dollars per share)	`PreferredStockDividendsPerShareDeclared`	$-0.01	USD	1 Quarter
Loss per share attributable to common stockholders, basic and fully diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Loss per share attributable to common stockholders, basic and fully diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Weighted average number of common shares outstanding, basic and fully diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	242.15M	shares	1 Quarter
Weighted average number of common shares outstanding, basic and fully diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	182.87M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-1.46M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$819.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$118.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$130.00K	USD	1 Quarter
Allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-13.00K	USD	1 Quarter
Allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$11.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$186.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$202.00K	USD	1 Quarter
Equity instruments issued in exchange for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$23.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-5.91M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.35M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-163.00K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$1.51M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$25.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$124.00K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.69M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-205.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.83M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$49.00K	USD	1 Quarter
Additions to fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$136.00K	USD	1 Quarter
Additions to fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$152.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-136.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-152.00K	USD	1 Quarter
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$9.46M	USD	1 Quarter
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$4.11M	USD	1 Quarter
Repayment of short-term indebtedness	`RepaymentsOfShortTermDebt`	$4.05M	USD	1 Quarter
Repayment of short-term indebtedness	`RepaymentsOfShortTermDebt`	$9.46M	USD	1 Quarter
Net proceeds from issuance of Common Stock	`ProceedsFromIssuanceOfCommonStock`	$11.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$11.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$52.00K	USD	1 Quarter
CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-35.00K	USD	1 Quarter
CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.69M	USD	1 Quarter
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$199.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.89M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$168.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$133.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$199.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.89M	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`	$133.00K	USD	Point-in-time
Payments for interest	`InterestPaid`	$62.00K	USD	1 Quarter
Payments for interest	`InterestPaid`	$34.00K	USD	1 Quarter
Payments for income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Payments for income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Payment of liabilities through issuance of stock	`PaymentOfLiabilitiesThroughIssuanceOfStock`	$160.00K	USD	1 Quarter
Payment of liabilities through issuance of stock	`PaymentOfLiabilitiesThroughIssuanceOfStock`	$204.00K	USD	1 Quarter
Preferred Stock dividends issued in the form of stock	`DividendsPreferredStockStock`	$1.31M	USD	1 Quarter
Preferred Stock dividends issued in the form of stock	`DividendsPreferredStockStock`	$1.20M	USD	1 Quarter

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