10-K Filing

XPLORE TECHNOLOGIES CORP CIK: 1177845 FY 2012

Filing Information

Form Type	10-K
Accession Number	`0001437749-13-008075`
Period End Date	20130331
Filing Date	20130626
Fiscal Year	2012
Fiscal Period	FY
XBRL Instance	xplr-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 46 Income Statement 39 Cash Flow Statement 47 Stockholders Equity 21

Balance Sheet 46 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$168.00K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	150.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	150.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.28M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$199.00K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$8.39M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$5.05M	USD	Point-in-time
Common stock par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventory, net	`InventoryNet`	$3.84M	USD	Point-in-time
Common stock par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventory, net	`InventoryNet`	$3.97M	USD	Point-in-time
Common stock par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	15.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$99.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	15.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$352.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.35B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	15.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.35B	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	588,000.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$12.66M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	8.39M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$19.51M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$697.00K	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$363.00K	USD	Point-in-time
Assets	`Assets`	$20.21M	USD	Point-in-time
Assets	`Assets`	$13.02M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$4.69M	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`	$4.69M	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 15,000; shares issued 8,389 and 588, respectively	`CommonStockValue`	$8.00K	USD	Point-in-time
Common Stock, par value $0.001 per share; authorized 15,000; shares issued 8,389 and 588, respectively	`CommonStockValue`	$1.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$141.96M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$153.60M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-135.62M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-138.09M	USD	Point-in-time
StockholdersEquity	`StockholdersEquity`	$3.80M	USD	Point-in-time
StockholdersEquity	`StockholdersEquity`	$15.52M	USD	Point-in-time
StockholdersEquity	`StockholdersEquity`	$6.44M	USD	Point-in-time
LiabilitiesAndStockholdersEquity	`LiabilitiesAndStockholdersEquity`	$20.21M	USD	Point-in-time
LiabilitiesAndStockholdersEquity	`LiabilitiesAndStockholdersEquity`	$13.02M	USD	Point-in-time

Income Statement 39 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$30.49M	USD	Annual
Revenue	`SalesRevenueNet`	$27.53M	USD	Annual
Cost of revenue	`CostOfGoodsAndServicesSold`	$19.14M	USD	Annual
Cost of revenue	`CostOfGoodsAndServicesSold`	$20.08M	USD	Annual
Gross profit	`GrossProfit`	$8.39M	USD	Annual
Gross profit	`GrossProfit`	$10.41M	USD	Annual
Sales, marketing and support	`SellingAndMarketingExpense`	$3.76M	USD	Annual
Sales, marketing and support	`SellingAndMarketingExpense`	$4.17M	USD	Annual
Product research, development and engineering	`ResearchAndDevelopmentExpense`	$2.19M	USD	Annual
Product research, development and engineering	`ResearchAndDevelopmentExpense`	$1.52M	USD	Annual
General administration	`GeneralAndAdministrativeExpense`	$3.59M	USD	Annual
General administration	`GeneralAndAdministrativeExpense`	$3.34M	USD	Annual
OperatingExpenses	`OperatingExpenses`	$8.62M	USD	Annual
OperatingExpenses	`OperatingExpenses`	$9.96M	USD	Annual
Income (loss) from operations	`OperatingIncomeLoss`	$449.00K	USD	Annual
Income (loss) from operations	`OperatingIncomeLoss`	$-237.00K	USD	Annual
Interest expense	`InterestExpense`	$67.00K	USD	Annual
Interest expense	`InterestExpense`	$221.00K	USD	Annual
Other	`OtherNonoperatingExpense`	$41.00K	USD	Annual
Other	`OtherNonoperatingExpense`	$65.00K	USD	Annual
NonoperatingIncomeExpense	`NonoperatingIncomeExpense`	$-286.00K	USD	Annual
NonoperatingIncomeExpense	`NonoperatingIncomeExpense`	$-108.00K	USD	Annual
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-523.00K	USD	Annual
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$341.00K	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$35.00K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-523.00K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$306.00K	USD	Annual
Dividends attributable to Preferred Stock	`PreferredStockDividendsIncomeStatementImpact`	$2.29M	USD	Annual
Dividends attributable to Preferred Stock	`PreferredStockDividendsIncomeStatementImpact`	$4.60M	USD	Annual
Net loss attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.99M	USD	Annual
Net loss attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-5.12M	USD	Annual
Income (loss) per common share (in Dollars per share)	`LossPerCommonShare`	$-1.02	USD	Annual
Income (loss) per common share (in Dollars per share)	`LossPerCommonShare`	$0.08	USD	Annual
Dividends attributable to Preferred Stock (in Dollars per share)	`PreferredStockDividendsPerShareDeclared`	$-0.59	USD	Annual
Dividends attributable to Preferred Stock (in Dollars per share)	`PreferredStockDividendsPerShareDeclared`	$-8.98	USD	Annual
Loss per share attributable to common stockholders, basic and fully diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.51	USD	Annual
Loss per share attributable to common stockholders, basic and fully diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-10.00	USD	Annual
Weighted average number of common shares outstanding, basic and fully diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	512,252.00	shares	Annual
Weighted average number of common shares outstanding, basic and fully diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.86M	shares	Annual

Cash Flow Statement 47 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-523.00K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$306.00K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$647.00K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$457.00K	USD	Annual
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-5.00K	USD	Annual
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-24.00K	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$691.00K	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$790.00K	USD	Annual
Equity instruments issued in exchange for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$200.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$5.71M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.37M	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$215.00K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$-133.00K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-102.00K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$253.00K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.69M	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$3.63M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.99M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.08M	USD	Annual
Additions to fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$543.00K	USD	Annual
Additions to fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$791.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-543.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-791.00K	USD	Annual
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$14.55M	USD	Annual
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$9.46M	USD	Annual
Repayment of short-term indebtedness	`RepaymentsOfShortTermDebt`	$9.46M	USD	Annual
Repayment of short-term indebtedness	`RepaymentsOfShortTermDebt`	$15.12M	USD	Annual
Payment of partial shares arising from reverse split	`ProceedsFromPaymentsForOtherFinancingActivities`	$-1.00K	USD	Annual
Net proceeds on issuance of Series D Preferred Stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$2.18M	USD	Annual
Net proceeds on issuance of Common Stock	`ProceedsFromIssuanceOfCommonStock`	$7.88M	USD	Annual
Net proceeds on issuance of Common Stock	`ProceedsFromIssuanceOfCommonStock`	$37.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$7.88M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.65M	USD	Annual
CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$10.08M	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`	$10.28M	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`	$10.28M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$199.00K	USD	Point-in-time
Payments for interest	`InterestPaid`	$221.00K	USD	Annual
Payments for interest	`InterestPaid`	$67.00K	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`	$2.78M	USD	Annual
Preferred Stock dividends issued in the form of stock	`DividendsPreferredStockStock`	$4.69M	USD	Annual

Stockholders Equity 21 line items

Line Item	Tag	Value	Unit	Period
Balances	`StockholdersEquity`	$3.80M	USD	Point-in-time
Issuance costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$138.00K	USD	Annual
Balances	`StockholdersEquity`	$15.52M	USD	Point-in-time
Balances	`StockholdersEquity`	$6.44M	USD	Point-in-time
Shares issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$204.00K	USD	Annual
Shares issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$50.00K	USD	Annual
Shares issued for ESPP	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$26.00K	USD	Annual
Shares issued for ESPP	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$37.00K	USD	Annual
Shares issued for ESPP (in Shares)	`StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans`	669.00	shares	Annual
Shares issued for ESPP (in Shares)	`StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans`	1,719.00	shares	Annual
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$872.00K	USD	Annual
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$691.00K	USD	Annual
Sale of stock, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$10.00M	USD	Point-in-time
Sale of stock, net of issuance costs (in Shares)	`StockIssuedDuringPeriodSharesNewIssues`	2.32M	shares	Point-in-time
Sale of stock, net of issuance costs (in Shares)	`StockIssuedDuringPeriodSharesNewIssues`	2.00M	shares	Point-in-time
Payment of partial shares arising from reverse split	`AdjustmentsToAdditionalPaidInCapitalOther`	$-1.00K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-523.00K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$306.00K	USD	Annual
Balances	`StockholdersEquity`	$3.80M	USD	Point-in-time
Balances	`StockholdersEquity`	$15.52M	USD	Point-in-time
Balances	`StockholdersEquity`	$6.44M	USD	Point-in-time

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