| XPLORE TECHNOLOGIES CORP. | ||||||||
| Consolidated Statements of Cash Flows—Unaudited | ||||||||
| (in thousands) | ||||||||
|
Six Months Ended
September 30, |
||||||||
| 2016 | 2015 | |||||||
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||||
| Cash (used in) provided by operations: | ||||||||
| Net loss | $ | (2,283 | ) | $ | (146 | ) | ||
| Items not affecting cash: | ||||||||
| Depreciation and amortization | 804 | 815 | ||||||
| Provision for doubtful accounts | (52 | ) | 24 | |||||
| Stock-based compensation expense | 302 | 1,099 | ||||||
| Changes in operating assets and liabilities: | ||||||||
| Accounts receivable | (224 | ) | (4,436 | ) | ||||
| Inventory | (4,293 | ) | (932 | ) | ||||
| Prepaid expenses and other current assets | 469 | (326 | ) | |||||
| Accounts payable and accrued liabilities | (5,211 | ) | (2,973 | ) | ||||
| Net cash used in operating activities | (10,488 | ) | (6,875 | ) | ||||
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||||
| Net cash received in purchase transaction | — | 653 | ||||||
| Change in liabilities assumed in purchase of business | (287 | ) | 16 | |||||
| Additions to fixed assets | (652 | ) | (429 | ) | ||||
| Net cash provided by (used in) investing activities | (939 | ) | 240 | |||||
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||||
| Proceeds from short-term borrowings | 27,600 | 18,000 | ||||||
| Repayment of short-term indebtedness | (18,354 | ) | (27,098 | ) | ||||
| Net proceeds from issuance of Common Stock | 42 | 165 | ||||||
| Net cash provided by (used in) financing activities | 9,288 | (8,933 | ) | |||||
| CHANGE IN CASH AND CASH EQUIVALENTS | (2,139 | ) | (15,568 | ) | ||||
| CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 5,594 | 19,455 | ||||||
| CASH AND CASH EQUIVALENTS, END OF PERIOD | $ | 3,455 | $ | 3,887 | ||||
| NONCASH INVESTING AND FINANCING ACTIVITIES: | ||||||||
| Net assets acquired with debt in purchase transaction | $ | — | $ | 9,079 | ||||
| SUPPLEMENTAL DISCLOSURE OF CASH FLOWS: | ||||||||
| Payments for interest | $ | 77 | $ | 58 | ||||
| Payments for income taxes | $ | 80 | $ | — | ||||
