10-Q Filing

XPLORE TECHNOLOGIES CORP CIK: 1177845 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001437749-14-015116`
Period End Date	20140630
Filing Date	20140812
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	xplr-20140630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 27 Cash Flow Statement 37

Balance Sheet 50 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`	0.00	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.28M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.64M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.40M	USD	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
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
Accounts receivable, net	`AccountsReceivableNetCurrent`	$4.61M	USD	Point-in-time
Common stock par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventory, net	`InventoryNet`	$7.24M	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`	$11.32M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$441.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$253.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	8.43M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	8.43M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$18.82M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$19.26M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$782.00K	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$883.00K	USD	Point-in-time
Assets	`Assets`	$19.61M	USD	Point-in-time
Assets	`Assets`	$20.15M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$4.18M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$4.38M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.18M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.38M	USD	Point-in-time
Deferred revenue and non-current warranty liabilities	`LiabilitiesNoncurrent`	$681.00K	USD	Point-in-time
Deferred revenue and non-current warranty liabilities	`LiabilitiesNoncurrent`	$636.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$4.86M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.02M	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; no shares issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred Stock, par value $0.001 per share; authorized 5,000; no shares issued	`PreferredStockValue`	-	USD	Point-in-time
Common Stock, par value $0.001 per share; authorized 15,000; shares issued 8,432 and 8,430, respectively	`CommonStockValue`	$8.00K	USD	Point-in-time
Common Stock, par value $0.001 per share; authorized 15,000; shares issued 8,432 and 8,430, respectively	`CommonStockValue`	$8.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$155.14M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$154.97M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-139.85M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-140.40M	USD	Point-in-time
StockholdersEquity	`StockholdersEquity`	$14.75M	USD	Point-in-time
StockholdersEquity	`StockholdersEquity`	$15.13M	USD	Point-in-time
LiabilitiesAndStockholdersEquity	`LiabilitiesAndStockholdersEquity`	$20.15M	USD	Point-in-time
LiabilitiesAndStockholdersEquity	`LiabilitiesAndStockholdersEquity`	$19.61M	USD	Point-in-time

Income Statement 27 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$8.27M	USD	1 Quarter
Revenue	`SalesRevenueNet`	$5.86M	USD	1 Quarter
Cost of revenue	`CostOfGoodsAndServicesSold`	$3.62M	USD	1 Quarter
Cost of revenue	`CostOfGoodsAndServicesSold`	$5.20M	USD	1 Quarter
Gross profit	`GrossProfit`	$3.06M	USD	1 Quarter
Gross profit	`GrossProfit`	$2.24M	USD	1 Quarter
Sales, marketing and support	`SellingAndMarketingExpense`	$1.60M	USD	1 Quarter
Sales, marketing and support	`SellingAndMarketingExpense`	$1.27M	USD	1 Quarter
Product research, development and engineering	`ResearchAndDevelopmentExpense`	$967.00K	USD	1 Quarter
Product research, development and engineering	`ResearchAndDevelopmentExpense`	$991.00K	USD	1 Quarter
General administration	`GeneralAndAdministrativeExpense`	$1.01M	USD	1 Quarter
General administration	`GeneralAndAdministrativeExpense`	$1.03M	USD	1 Quarter
OperatingExpenses	`OperatingExpenses`	$3.27M	USD	1 Quarter
OperatingExpenses	`OperatingExpenses`	$3.60M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-532.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.03M	USD	1 Quarter
Other	`OtherNonoperatingIncome`	$674.00K	USD	1 Quarter
Other	`OtherNonoperatingIncome`	$-19.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$2.00K	USD	1 Quarter
NonoperatingIncomeExpense	`NonoperatingIncomeExpense`	$-19.00K	USD	1 Quarter
NonoperatingIncomeExpense	`NonoperatingIncomeExpense`	$672.00K	USD	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-356.00K	USD	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-551.00K	USD	1 Quarter
Loss per common share (in Dollars per share)	`LossPerCommonShare`	$-0.07	USD	1 Quarter
Loss per common share (in Dollars per share)	`LossPerCommonShare`	$-0.04	USD	1 Quarter
Weighted average number of common shares outstanding, basic and fully diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	8.39M	shares	1 Quarter
Weighted average number of common shares outstanding, basic and fully diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	8.43M	shares	1 Quarter

Cash Flow Statement 37 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-356.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-551.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$172.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$125.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-4.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$159.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$389.00K	USD	1 Quarter
Equity issued in exchange for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$3.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.68M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.58M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$4.08M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$1.70M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-62.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-188.00K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-160.00K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-25.00K	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$167.00K	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.70M	USD	1 Quarter
Additions to fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$168.00K	USD	1 Quarter
Additions to fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$71.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-168.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-71.00K	USD	1 Quarter
Net proceeds from issuance of Common Stock	`ProceedsFromIssuanceOfCommonStock`	$10.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$10.00K	USD	1 Quarter
CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.00K	USD	1 Quarter
CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.76M	USD	1 Quarter
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$10.28M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.64M	USD	Point-in-time
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, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$10.28M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.64M	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
Payments for interest	`InterestPaid`	$2.00K	USD	1 Quarter
Payments for income taxes	`IncomeTaxesPaid`	$9.00K	USD	1 Quarter
Payments for income taxes	`IncomeTaxesPaid`	$36.00K	USD	1 Quarter

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