| XPLORE TECHNOLOGIES CORP. | ||||||||
| Consolidated Statements of Cash Flows—Unaudited | ||||||||
| (in thousands) | ||||||||
|
Nine Months Ended
December 31, | ||||||||
| 2017 | 2016 | |||||||
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||||
| Cash (used in) provided by operations: | ||||||||
| Net loss | $ | 938 | $ | (2,064 | ) | |||
| Items not affecting cash: | ||||||||
| Depreciation and amortization | 1,365 | 1,168 | ||||||
| Provision for doubtful accounts | 217 | (44 | ) | |||||
| Loss on disposal of asset | - | 28 | ||||||
| Stock-based compensation expense | 337 | 413 | ||||||
| Changes in operating assets and liabilities: | ||||||||
| Accounts receivable | (12,998 | ) | (1,892 | ) | ||||
| Inventory | (13,868 | ) | (303 | ) | ||||
| Prepaid expenses and other current assets | (4 | ) | 325 | |||||
| Accounts payable and accrued liabilities | 7,070 | (2,421 | ) | |||||
| Net cash used in operating activities | (16,943 | ) | (4,790 | ) | ||||
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||||
| Change in liabilities assumed in purchase of business | — | (287 | ) | |||||
| Additions to fixed assets | (914 | ) | (1,626 | ) | ||||
| Net used in investing activities | (914 | ) | (1,913 | ) | ||||
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||||
| Proceeds from short-term borrowings | 59,444 | 44,976 | ||||||
| Repayment of short-term indebtedness | (45,126 | ) | (39,880 | ) | ||||
| Net proceeds from issuance of common stock | 97 | 112, | ||||||
| Net cash provided by financing activities | 14,415 | 5,208 | ||||||
| CHANGE IN CASH AND CASH EQUIVALENTS | (3,442 | ) | (1,495 | ) | ||||
| CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 3,460 | 5,594 | ||||||
| CASH AND CASH EQUIVALENTS, END OF PERIOD | $ | 18 | $ | 4,099 | ||||
| SUPPLEMENTAL DISCLOSURE OF CASH FLOWS: | ||||||||
| Payments for interest | $ | 247 | $ | 156 | ||||
| Payments for income taxes | $ | — | $ | 129 | ||||
Xplore Technologies Reports $0.09 Third Quarter EPS Before One-Time Charges
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