| XPLORE TECHNOLOGIES CORP. | ||||||||
| Consolidated Balance Sheets | ||||||||
| (in thousands) | ||||||||
|
September 30,
2016 |
March 31,
2016 | |||||||
| ASSETS | (unaudited) | |||||||
| CURRENT ASSETS: | ||||||||
| Cash and cash equivalents | $ | 3,455 | $ | 5,594 | ||||
| Accounts receivable, net | 14,553 | 14,277 | ||||||
| Inventory, net | 19,151 | 14,858 | ||||||
| Prepaid expenses and other current assets | 331 | 800 | ||||||
| Total current assets | 37,490 | 35,529 | ||||||
| Fixed assets, net | 1,031 | 1,003 | ||||||
| Intangible assets, net | 1,605 | 1,785 | ||||||
| Goodwill | 15,159 | 14,872 | ||||||
| $ | 55,285 | $ | 53,189 | |||||
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||||||||
| LIABILITIES: | ||||||||
| Short-term indebtedness with bank | $ | 9,246 | $ | — | ||||
| Accounts payable | 5,960 | 9,611 | ||||||
| Accrued liabilities | 3,110 | 3,409 | ||||||
| Deferred revenue and current warranty liabilities | 4,038 | 4,413 | ||||||
| Total current liabilities | 22,354 | 17,433 | ||||||
| Deferred revenue and non-current warranty liabilities | 3,682 | 4,568 | ||||||
| Total liabilities | 26,036 | 22,001 | ||||||
| Commitments and contingencies | — | — | ||||||
| STOCKHOLDERS’ EQUITY: | ||||||||
| Preferred Stock, par value $0.001 per share; authorized 5,000; no shares issued | — | — | ||||||
| Common Stock, par value $0.001 per share; authorized 15,000; shares issued 10,926 and 10,908, respectively | 11 | 11 | ||||||
| Additional paid-in capital | 171,482 | 171,138 | ||||||
| Accumulated deficit | (142,244 | ) | (139,961 | ) | ||||
| 29,249 | 31,188 | |||||||
| $ | 55,285 | $ | 53,189 | |||||
