10-Q Filing

XPLORE TECHNOLOGIES CORP CIK: 1177845 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001437749-15-015664`
Period End Date	20150630
Filing Date	20150813
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	xplr-20150630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 57 Income Statement 28 Cash Flow Statement 43

Balance Sheet 57 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`	5.00M	shares	Point-in-time
Preferred Stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred Stock, shares authorized	`PreferredStockSharesAuthorized`	150.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.40M	USD	Point-in-time
Preferred Stock, shares issued	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred Stock, shares issued	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.02M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.64M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$19.45M	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`	$6.63M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$18.25M	USD	Point-in-time
Inventory, net	`InventoryNet`	$15.61M	USD	Point-in-time
Inventory, net	`InventoryNet`	$7.88M	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.35B	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$315.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.79M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$275.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.78M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$45.15M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$34.29M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$1.03M	USD	Point-in-time
Fixed assets, net	`PropertyPlantAndEquipmentNet`	$1.71M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$2.05M	USD	Point-in-time
Goodwill	`Goodwill`	$16.69M	USD	Point-in-time
Assets	`Assets`	$35.32M	USD	Point-in-time
Assets	`Assets`	$65.60M	USD	Point-in-time
Short-term indebtedness with bank	`ShortTermBorrowings`	$3.81M	USD	Point-in-time
Deferred revenue and warranty liabilities	`DeferredRevenueAndWarrantyLiabilitiesCurrent`	$4.80M	USD	Point-in-time
Deferred revenue and warranty liabilities	`DeferredRevenueAndWarrantyLiabilitiesCurrent`	$414.00K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$4.59M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$22.22M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.01M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$30.83M	USD	Point-in-time
Deferred revenue and non-current warranty liabilities	`DeferredRevenueAndWarrantyLiabilitiesNoncurrent`	$1.52M	USD	Point-in-time
Deferred revenue and non-current warranty liabilities	`DeferredRevenueAndWarrantyLiabilitiesNoncurrent`	$5.59M	USD	Point-in-time
Total liabilities	`Liabilities`	$6.53M	USD	Point-in-time
Total liabilities	`Liabilities`	$36.42M	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 10,790 and 10,784, respectively	`CommonStockValue`	$11.00K	USD	Point-in-time
Common Stock, par value $0.001 per share; authorized 15,000; shares issued 10,790 and 10,784, respectively	`CommonStockValue`	$11.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$169.01M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$168.38M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-139.84M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-139.60M	USD	Point-in-time
StockholdersEquity	`StockholdersEquity`	$29.18M	USD	Point-in-time
StockholdersEquity	`StockholdersEquity`	$28.79M	USD	Point-in-time
LiabilitiesAndStockholdersEquity	`LiabilitiesAndStockholdersEquity`	$35.32M	USD	Point-in-time
LiabilitiesAndStockholdersEquity	`LiabilitiesAndStockholdersEquity`	$65.60M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$8.27M	USD	1 Quarter
Revenue	`SalesRevenueNet`	$24.04M	USD	1 Quarter
Cost of revenue	`CostOfGoodsAndServicesSold`	$15.89M	USD	1 Quarter
Cost of revenue	`CostOfGoodsAndServicesSold`	$5.20M	USD	1 Quarter
Gross profit	`GrossProfit`	$8.15M	USD	1 Quarter
Gross profit	`GrossProfit`	$3.06M	USD	1 Quarter
Sales, marketing and support	`SellingAndMarketingExpense`	$3.62M	USD	1 Quarter
Sales, marketing and support	`SellingAndMarketingExpense`	$1.60M	USD	1 Quarter
Product research, development and engineering	`ResearchAndDevelopmentExpense`	$1.83M	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`	$2.33M	USD	1 Quarter
OperatingExpenses	`OperatingExpenses`	$7.78M	USD	1 Quarter
OperatingExpenses	`OperatingExpenses`	$3.60M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-532.00K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$369.00K	USD	1 Quarter
Other	`OtherNonoperatingIncome`	$-19.00K	USD	1 Quarter
Other	`OtherNonoperatingIncome`	$63.00K	USD	1 Quarter
Cost of integration	`BusinessCombinationIntegrationRelatedCosts`	$670.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$6.00K	USD	1 Quarter
NonoperatingIncomeExpense	`NonoperatingIncomeExpense`	$-613.00K	USD	1 Quarter
NonoperatingIncomeExpense	`NonoperatingIncomeExpense`	$-19.00K	USD	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-244.00K	USD	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-551.00K	USD	1 Quarter
Loss per common share (in Dollars per share)	`LossPerCommonShare`	$-0.02	USD	1 Quarter
Loss per common share (in Dollars per share)	`LossPerCommonShare`	$-0.07	USD	1 Quarter
Weighted average number of common shares outstanding, basic and fully diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	8.43M	shares	1 Quarter
Weighted average number of common shares outstanding, basic and fully diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10.79M	shares	1 Quarter

Cash Flow Statement 43 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-551.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-244.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$358.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$172.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-84.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$607.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$159.00K	USD	1 Quarter
Equity issued in exchange for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$3.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.58M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$4.15M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$4.08M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$1.93M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-11.00K	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`	$1.79M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.65M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.70M	USD	1 Quarter
Net cash received in purchase transaction	`CashAcquiredFromAcquisition`	$653.00K	USD	1 Quarter
Additions to fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$237.00K	USD	1 Quarter
Additions to fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$71.00K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-71.00K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$416.00K	USD	1 Quarter
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$5.00M	USD	1 Quarter
Repayment of short-term indebtedness	`RepaymentsOfShortTermDebt`	$10.23M	USD	1 Quarter
Net proceeds from issuance of Common Stock	`ProceedsFromIssuanceOfCommonStock`	$26.00K	USD	1 Quarter
Net proceeds from issuance of Common Stock	`ProceedsFromIssuanceOfCommonStock`	$10.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-5.21M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$10.00K	USD	1 Quarter
CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-8.44M	USD	1 Quarter
CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.76M	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`	$11.02M	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`	$19.45M	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`	$11.02M	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`	$19.45M	USD	Point-in-time
Net assets acquired with debt in purchase transaction	`NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1`	$9.08M	USD	1 Quarter
Payments for interest	`InterestPaid`	$6.00K	USD	1 Quarter
Payments for income taxes	`IncomeTaxesPaid`	$9.00K	USD	1 Quarter
Payments for income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter

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