| XPLORE TECHNOLOGIES CORP. | |||||||||
| Consolidated Statements of Cash Flows—Unaudited | |||||||||
| (in thousands) | |||||||||
|
Three Months Ended
June 30, | |||||||||
| 2016 | 2015 | ||||||||
| CASH FLOWS FROM OPERATING ACTIVITIES: | |||||||||
| Cash (used in) provided by operations: | |||||||||
| Net loss | $ | (1,747 | ) | $ | (244 | ) | |||
| Items not affecting cash: | |||||||||
| Depreciation and amortization | 348 | 358 | |||||||
| Provision for doubtful accounts | 15 | (84 | ) | ||||||
| Stock-based compensation expense | 175 | 607 | |||||||
| Changes in operating assets and liabilities: | |||||||||
| Accounts receivable | 4,270 | (4,151 | ) | ||||||
| Inventory | (6,272 | ) | (1,932 | ) | |||||
| Prepaid expenses and other current assets | 425 | 11 | |||||||
| Accounts payable and accrued liabilities | (3,820 | ) | 1788 | ||||||
| Net cash used in operating activities | (6,606 | ) | (3,647 | ) | |||||
| CASH FLOWS FROM INVESTING ACTIVITIES: | |||||||||
| Net cash received in purchase transaction | — | 653 | |||||||
| Change in liabilities assumed in purchase of business | (287 | ) | — | ||||||
| Additions to fixed assets | (407 | ) | (237 | ) | |||||
| Net cash provided by (used in) investing activities | (694 | ) | 416 | ||||||
| CASH FLOWS FROM FINANCING ACTIVITIES: | |||||||||
| Proceeds from short-term borrowings | 11,600 | 5,000 | |||||||
| Repayment of short-term indebtedness | (5,476 | ) | (10,233 | ) | |||||
| Net proceeds from issuance of Common Stock | — | 26 | |||||||
| Net cash provided by (used in) financing activities | 6,124 | (5,207 | ) | ||||||
| CHANGE IN CASH AND CASH EQUIVALENTS | (1,176 | ) | (8,438 | ) | |||||
| CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 5,594 | 19,455 | |||||||
| CASH AND CASH EQUIVALENTS, END OF PERIOD | $ | 4,418 | $ | 11,017 | |||||
| NONCASH INVESTING AND FINANCING ACTIVITIES: | |||||||||
| Net assets acquired with debt in purchase transaction | $ | — | $ | 9,079 | |||||
| SUPPLEMENTAL DISCLOSURE OF CASH FLOWS: | |||||||||
| Payments for interest | $ | 8 | $ | 6 | |||||
| Payments for income taxes | $ | 80 | $ | — | |||||
