10-Q Filing

XPLORE TECHNOLOGIES CORP CIK: 1177845 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0001437749-14-020566`
Period End Date	20140930
Filing Date	20141113
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	xplr-20140930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 53 Income Statement 62 Cash Flow Statement 76

Balance Sheet 53 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	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 authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$625.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.64M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.64M	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
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$6.18M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$5.88M	USD	Point-in-time
Common stock par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Common stock par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Inventory, net	`InventoryNet`	$10.95M	USD	Point-in-time
Inventory, net	`InventoryNet`	$7.24M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$201.00K	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
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$441.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	8.47M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$17.66M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$19.26M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	8.43M	shares	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$734.00K	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$883.00K	USD	Point-in-time
Assets	`Assets`	$20.15M	USD	Point-in-time
Assets	`Assets`	$18.39M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$4.38M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$3.61M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.61M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.38M	USD	Point-in-time
Deferred revenue and non-current warranty liabilities	`LiabilitiesNoncurrent`	$906.00K	USD	Point-in-time
Deferred revenue and non-current warranty liabilities	`LiabilitiesNoncurrent`	$636.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$4.51M	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 8,467 and 8,430, respectively	`CommonStockValue`	$8.00K	USD	Point-in-time
Common Stock, par value $0.001 per share; authorized 15,000; shares issued 8,467 and 8,430, respectively	`CommonStockValue`	$8.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$155.44M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$154.97M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-141.57M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-139.85M	USD	Point-in-time
StockholdersEquity	`StockholdersEquity`	$15.13M	USD	Point-in-time
StockholdersEquity	`StockholdersEquity`	$13.88M	USD	Point-in-time
StockholdersEquity	`StockholdersEquity`	$13.88M	USD	Point-in-time
LiabilitiesAndStockholdersEquity	`LiabilitiesAndStockholdersEquity`	$18.39M	USD	Point-in-time
LiabilitiesAndStockholdersEquity	`LiabilitiesAndStockholdersEquity`	$20.15M	USD	Point-in-time

Income Statement 62 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$13.26M	USD	2 Qtrs
Revenue	`SalesRevenueNet`	$15.79M	USD	2 Qtrs
Revenue	`SalesRevenueNet`	$7.40M	USD	1 Quarter
Revenue	`SalesRevenueNet`	$7.52M	USD	1 Quarter
Cost of revenue	`CostOfGoodsAndServicesSold`	$4.74M	USD	1 Quarter
Cost of revenue	`CostOfGoodsAndServicesSold`	$8.36M	USD	2 Qtrs
Cost of revenue	`CostOfGoodsAndServicesSold`	$5.25M	USD	1 Quarter
Cost of revenue	`CostOfGoodsAndServicesSold`	$10.46M	USD	2 Qtrs
Gross profit	`GrossProfit`	$4.90M	USD	2 Qtrs
Gross profit	`GrossProfit`	$5.33M	USD	2 Qtrs
Gross profit	`GrossProfit`	$2.66M	USD	1 Quarter
Gross profit	`GrossProfit`	$2.27M	USD	1 Quarter
Sales, marketing and support	`SellingAndMarketingExpense`	$2.82M	USD	2 Qtrs
Sales, marketing and support	`SellingAndMarketingExpense`	$1.71M	USD	1 Quarter
Sales, marketing and support	`SellingAndMarketingExpense`	$1.55M	USD	1 Quarter
Sales, marketing and support	`SellingAndMarketingExpense`	$3.31M	USD	2 Qtrs
Product research, development and engineering	`ResearchAndDevelopmentExpense`	$1.73M	USD	2 Qtrs
Product research, development and engineering	`ResearchAndDevelopmentExpense`	$1.96M	USD	2 Qtrs
Product research, development and engineering	`ResearchAndDevelopmentExpense`	$739.00K	USD	1 Quarter
Product research, development and engineering	`ResearchAndDevelopmentExpense`	$997.00K	USD	1 Quarter
General administration	`GeneralAndAdministrativeExpense`	$977.00K	USD	1 Quarter
General administration	`GeneralAndAdministrativeExpense`	$1.01M	USD	1 Quarter
General administration	`GeneralAndAdministrativeExpense`	$1.98M	USD	2 Qtrs
General administration	`GeneralAndAdministrativeExpense`	$2.04M	USD	2 Qtrs
OperatingExpenses	`OperatingExpenses`	$3.56M	USD	1 Quarter
OperatingExpenses	`OperatingExpenses`	$6.83M	USD	2 Qtrs
OperatingExpenses	`OperatingExpenses`	$3.43M	USD	1 Quarter
OperatingExpenses	`OperatingExpenses`	$7.03M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-1.92M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-895.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.70M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-1.16M	USD	1 Quarter
Interest expense	`InterestExpense`	$3.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$1.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$1.00K	USD	1 Quarter
Other	`OtherNonoperatingIncome`	$-3.00K	USD	1 Quarter
Other	`OtherNonoperatingIncome`	$-10.00K	USD	1 Quarter
Other	`OtherNonoperatingIncome`	$664.00K	USD	2 Qtrs
Other	`OtherNonoperatingIncome`	$-22.00K	USD	2 Qtrs
NonoperatingIncomeExpense	`NonoperatingIncomeExpense`	$661.00K	USD	2 Qtrs
NonoperatingIncomeExpense	`NonoperatingIncomeExpense`	$-4.00K	USD	1 Quarter
NonoperatingIncomeExpense	`NonoperatingIncomeExpense`	$-11.00K	USD	1 Quarter
NonoperatingIncomeExpense	`NonoperatingIncomeExpense`	$-23.00K	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.17M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.26M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.72M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-906.00K	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-12.00K	USD	2 Qtrs
Income tax benefit	`IncomeTaxExpenseBenefit`	$-12.00K	USD	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.72M	USD	2 Qtrs
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.17M	USD	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.25M	USD	2 Qtrs
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-894.00K	USD	1 Quarter
Loss per common share (in Dollars per share)	`LossPerCommonShare`	$-0.15	USD	2 Qtrs
Loss per common share (in Dollars per share)	`LossPerCommonShare`	$-0.20	USD	2 Qtrs
Loss per common share (in Dollars per share)	`LossPerCommonShare`	$-0.11	USD	1 Quarter
Loss per common share (in Dollars per share)	`LossPerCommonShare`	$-0.14	USD	1 Quarter
Weighted average number of common shares outstanding, basic and fully diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	8.45M	shares	1 Quarter
Weighted average number of common shares outstanding, basic and fully diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	8.39M	shares	2 Qtrs
Weighted average number of common shares outstanding, basic and fully diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	8.44M	shares	2 Qtrs
Weighted average number of common shares outstanding, basic and fully diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	8.39M	shares	1 Quarter

Cash Flow Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-894.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.25M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.72M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.17M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$436.00K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$264.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$188.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$313.00K	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$2.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-2.00K	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$2.00K	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$2.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$644.00K	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$166.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$255.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$325.00K	USD	2 Qtrs
Equity issued in exchange for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$-1.00K	USD	1 Quarter
Equity issued in exchange for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$2.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-296.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.28M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$458.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.14M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$380.00K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-374.00K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$3.71M	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-1.32M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-240.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-52.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-59.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-121.00K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.09M	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-502.00K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-342.00K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.07M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.10M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.63M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.93M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.27M	USD	1 Quarter
Additions to fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$557.00K	USD	2 Qtrs
Additions to fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$389.00K	USD	1 Quarter
Additions to fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$287.00K	USD	2 Qtrs
Additions to fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$216.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-216.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-389.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-287.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-557.00K	USD	2 Qtrs
Net proceeds from issuance of Common Stock	`ProceedsFromIssuanceOfCommonStock`	$132.00K	USD	1 Quarter
Net proceeds from issuance of Common Stock	`ProceedsFromIssuanceOfCommonStock`	$19.00K	USD	1 Quarter
Net proceeds from issuance of Common Stock	`ProceedsFromIssuanceOfCommonStock`	$19.00K	USD	2 Qtrs
Net proceeds from issuance of Common Stock	`ProceedsFromIssuanceOfCommonStock`	$142.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$142.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$132.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$19.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$19.00K	USD	1 Quarter
CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.02M	USD	1 Quarter
CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.78M	USD	2 Qtrs
CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.64M	USD	2 Qtrs
CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.64M	USD	1 Quarter
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`	$625.00K	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`	$7.64M	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`	$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`	$625.00K	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`	$7.64M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$10.28M	USD	Point-in-time
Payments for interest	`InterestPaid`	$1.00K	USD	1 Quarter
Payments for interest	`InterestPaid`	$3.00K	USD	2 Qtrs
Payments for interest	`InterestPaid`	$1.00K	USD	1 Quarter
Payments for interest	`InterestPaid`	$1.00K	USD	2 Qtrs
Payments for (refunds of) income taxes	`IncomeTaxesPaid`	$9.00K	USD	2 Qtrs
Payments for (refunds of) income taxes	`IncomeTaxesPaid`	$36.00K	USD	2 Qtrs

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