10-K Filing

XPLORE TECHNOLOGIES CORP CIK: 1177845 FY 2013

Filing Information

Form Type	10-K
Accession Number	`0001437749-14-011810`
Period End Date	20140331
Filing Date	20140625
Fiscal Year	2013
Fiscal Period	FY
XBRL Instance	xplr-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 39 Cash Flow Statement 46 Stockholders Equity 22

Balance Sheet 52 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`	150.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	0.00	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.40M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.28M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	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`	$6.18M	USD	Point-in-time
Common stock par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$5.05M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	15.00M	shares	Point-in-time
Inventory, net	`InventoryNet`	$7.24M	USD	Point-in-time
Inventory, net	`InventoryNet`	$3.84M	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 issued	`CommonStockSharesIssued`	8.43M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$352.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$441.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	8.39M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$19.26M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$19.51M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$883.00K	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$697.00K	USD	Point-in-time
Assets	`Assets`	$20.21M	USD	Point-in-time
Assets	`Assets`	$20.15M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$4.38M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$4.46M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.46M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.38M	USD	Point-in-time
Deferred revenue and non-current warranty liabilities	`LiabilitiesNoncurrent`	$636.00K	USD	Point-in-time
Deferred revenue and non-current warranty liabilities	`LiabilitiesNoncurrent`	$230.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$5.02M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.69M	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, and none, respectively; shares issued none and none, respectively	`PreferredStockValue`	-	USD	Point-in-time
Preferred Stock, par value $0.001 per share; authorized 5,000, and none, respectively; shares issued none and none, respectively	`PreferredStockValue`	-	USD	Point-in-time
Common Stock, par value $0.001 per share; authorized 15,000; shares issued 8,430 and 8,389, respectively	`CommonStockValue`	$8.00K	USD	Point-in-time
Common Stock, par value $0.001 per share; authorized 15,000; shares issued 8,430 and 8,389, respectively	`CommonStockValue`	$8.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$154.97M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$153.60M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-139.85M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-138.09M	USD	Point-in-time
StockholdersEquity	`StockholdersEquity`	$15.52M	USD	Point-in-time
StockholdersEquity	`StockholdersEquity`	$15.13M	USD	Point-in-time
StockholdersEquity	`StockholdersEquity`	$6.44M	USD	Point-in-time
LiabilitiesAndStockholdersEquity	`LiabilitiesAndStockholdersEquity`	$20.21M	USD	Point-in-time
LiabilitiesAndStockholdersEquity	`LiabilitiesAndStockholdersEquity`	$20.15M	USD	Point-in-time

Income Statement 39 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$35.59M	USD	Annual
Revenue	`SalesRevenueNet`	$30.49M	USD	Annual
Cost of revenue	`CostOfGoodsAndServicesSold`	$22.86M	USD	Annual
Cost of revenue	`CostOfGoodsAndServicesSold`	$20.08M	USD	Annual
Gross profit	`GrossProfit`	$10.41M	USD	Annual
Gross profit	`GrossProfit`	$12.72M	USD	Annual
Sales, marketing and support	`SellingAndMarketingExpense`	$6.07M	USD	Annual
Sales, marketing and support	`SellingAndMarketingExpense`	$4.17M	USD	Annual
Product research, development and engineering	`ResearchAndDevelopmentExpense`	$4.85M	USD	Annual
Product research, development and engineering	`ResearchAndDevelopmentExpense`	$2.19M	USD	Annual
General administration	`GeneralAndAdministrativeExpense`	$4.22M	USD	Annual
General administration	`GeneralAndAdministrativeExpense`	$3.59M	USD	Annual
OperatingExpenses	`OperatingExpenses`	$9.96M	USD	Annual
OperatingExpenses	`OperatingExpenses`	$15.14M	USD	Annual
Income (loss) from operations	`OperatingIncomeLoss`	$449.00K	USD	Annual
Income (loss) from operations	`OperatingIncomeLoss`	$-2.42M	USD	Annual
Interest expense	`InterestExpense`	$3.00K	USD	Annual
Interest expense	`InterestExpense`	$67.00K	USD	Annual
Other income/(expense)	`OtherNonoperatingExpense`	$41.00K	USD	Annual
Other income/(expense)	`OtherNonoperatingExpense`	$-652.00K	USD	Annual
NonoperatingIncomeExpense	`NonoperatingIncomeExpense`	$-108.00K	USD	Annual
NonoperatingIncomeExpense	`NonoperatingIncomeExpense`	$649.00K	USD	Annual
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.77M	USD	Annual
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$341.00K	USD	Annual
Income tax benefit/expense	`IncomeTaxExpenseBenefit`	$-12.00K	USD	Annual
Income tax benefit/expense	`IncomeTaxExpenseBenefit`	$35.00K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$306.00K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-1.76M	USD	Annual
Dividends attributable to Preferred Stock	`PreferredStockDividendsIncomeStatementImpact`	$2.29M	USD	Annual
Net loss attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.76M	USD	Annual
Net loss attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.99M	USD	Annual
Income (loss) per common share (in Dollars per share)	`LossPerCommonShare`	$-0.21	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`	-	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`	$-0.21	USD	Annual
Weighted average number of common shares outstanding, basic and fully diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.86M	shares	Annual
Weighted average number of common shares outstanding, basic and fully diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	8.40M	shares	Annual

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$306.00K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-1.76M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$714.00K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$457.00K	USD	Annual
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-24.00K	USD	Annual
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-7.00K	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$691.00K	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$1.17M	USD	Annual
Equity instruments issued in exchange for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$11.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.37M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.13M	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$-133.00K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$3.40M	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$89.00K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$253.00K	USD	Annual
Accounts payable and accrued liabilities, including deferred revenue	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.69M	USD	Annual
Accounts payable and accrued liabilities, including deferred revenue	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$328.00K	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.17M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.99M	USD	Annual
Additions to fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$900.00K	USD	Annual
Additions to fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$791.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-791.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-900.00K	USD	Annual
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	-	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`	-	USD	Annual
Payment of partial shares arising from reverse split	`ProceedsFromPaymentsForOtherFinancingActivities`	$-1.00K	USD	Annual
Net proceeds on issuance of Common Stock	`ProceedsFromIssuanceOfCommonStock`	$7.88M	USD	Annual
Net proceeds on issuance of Common Stock	`ProceedsFromIssuanceOfCommonStock`	$189.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$7.88M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$189.00K	USD	Annual
CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$10.08M	USD	Annual
CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.88M	USD	Annual
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$5.40M	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`	$5.40M	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`	$3.00K	USD	Annual
Payments for interest	`InterestPaid`	$67.00K	USD	Annual
Payments for income taxes, net of refunds	`IncomeTaxesPaid`	-	USD	Annual
Payments for income taxes, net of refunds	`IncomeTaxesPaid`	$23.00K	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`	-	USD	Annual

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Balances, March 31	`StockholdersEquity`	$15.52M	USD	Point-in-time
Balances, March 31	`StockholdersEquity`	$15.13M	USD	Point-in-time
Balances, March 31	`StockholdersEquity`	$6.44M	USD	Point-in-time
Shares issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$204.00K	USD	Annual
Shares issued for ESPP	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$41.00K	USD	Annual
Shares issued for ESPP	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$26.00K	USD	Annual
Shares issued for ESPP (in Shares)	`StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans`	14,015.00	shares	Annual
Shares issued for ESPP (in Shares)	`StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans`	669.00	shares	Annual
Shares issued for exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$148.00K	USD	Annual
Shares issued for exercise of stock options (in Shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	29,000.00	shares	Annual
Shares issued for exercise of stock options (in Shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	30,678.00	shares	37 Qtrs
Shares issued for exercise of stock options (in Shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	29,000.00	shares	Point-in-time
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.17M	USD	Annual
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$691.00K	USD	Annual
Capital raise net of fees	`StockIssuedDuringPeriodValueNewIssues`	$10.00M	USD	Point-in-time
Capital raise net of fees (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`	$306.00K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-1.76M	USD	Annual
Balances, March 31	`StockholdersEquity`	$15.52M	USD	Point-in-time
Balances, March 31	`StockholdersEquity`	$15.13M	USD	Point-in-time
Balances, March 31	`StockholdersEquity`	$6.44M	USD	Point-in-time

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