Xplore Technologies 10-Q 11 Feb 16 2016 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Dec. 31, 2015	Jan. 31, 2016
Entity Registrant Name	XPLORE TECHNOLOGIES CORP
Entity Central Index Key	1,177,845
Trading Symbol	xplr
Current Fiscal Year End Date	--03-31
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding (in shares)		10,908,355
Document Type	10-Q
Document Period End Date	Dec. 31, 2015
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Amendment Flag	false

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Dec. 31, 2015	Mar. 31, 2015
CURRENT ASSETS:
Cash and cash equivalents	$ 6,035	$ 19,455
Accounts receivable, net	16,990	6,633
Inventory, net	13,787	7,883
Prepaid expenses and other current assets	470	315
Total current assets	37,282	34,286
Fixed assets, net	1,362	$ 1,030
Intangible assets, net	1,857
Goodwill	16,559
	57,060	$ 35,316
LIABILITIES:
Deferred revenue and warranty liabilities	4,986	414
Accounts payable and accrued liabilities	15,368	4,594
Total current liabilities	20,354	5,008
Deferred revenue and non-current warranty liabilities	5,062	1,517
Total liabilities	$ 25,416	$ 6,525
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 10,905 and 10,784, respectively	$ 11	$ 11
Additional paid-in capital	170,593	168,379
Accumulated deficit	(138,960)	(139,599)
	31,644	28,791
	$ 57,060	$ 35,316

Consolidated Balance Sheets (C3

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Dec. 31, 2015	Mar. 31, 2015
Preferred Stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred Stock, shares authorized (in shares)	5,000,000	5,000,000
Preferred Stock, shares issued (in shares)	0	0
Common stock par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	15,000,000	15,000,000
Common stock, shares issued (in shares)	10,905,000	10,784,000

Consolidated Statements of Inco

Consolidated Statements of Income - Unaudited - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Revenue	$ 27,023	$ 16,443	$ 79,919	$ 32,232
Cost of revenue	18,181	10,569	54,818	21,027
Gross profit	8,842	5,874	25,101	11,205
Expenses:
Sales, marketing and support	3,925	1,630	11,187	4,942
Product research, development and engineering	1,129	815	4,536	2,545
General administration	2,521	980	7,339	2,964
	7,575	3,425	23,062	10,451
Income from operations	1,267	2,449	2,039	754
Other income (expense):
Other	(317)	$ (7)	(385)	$ (8)
Cost of integration	$ (95)		(887)
Interest expense		$ (2)	(58)	$ (24)
	$ (412)	(9)	(1,330)	(32)
Income before income taxes	855	2,440	709	722
Income tax (expense)	(69)	(39)	(69)	(39)
Net income	$ 786	$ 2,401	$ 640	$ 683
Income per common share, primary (in dollars per share)	$ 0.07	$ 0.28	$ 0.06	$ 0.08
Income per common share, fully diluted (in dollars per share)	$ 0.07	$ 0.28	$ 0.06	$ 0.08
Weighted average number of common shares outstanding, basic (in shares)	10,833,833	8,473,140	10,828,375	8,451,928
Weighted average number of common shares outstanding, fully diluted (in shares)	11,539,074	8,571,812	11,494,496	8,553,336

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - Unaudited - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 786	$ 2,401	$ 640	$ 683
Items not affecting cash:
Depreciation and amortization	498	253	1,313	689
Provision for doubtful accounts	24	1	48	3
Stock-based compensation expense	$ 535	$ 152	$ 1,634	477
Equity issued in exchange for services				2
Changes in operating assets and liabilities:
Accounts receivable	$ 1,415	$ (2,587)	$ (3,021)	(2,291)
Inventory	822	1,323	(110)	(2,388)
Prepaid expenses and other current assets	142	(67)	(184)	173
Accounts payable and accrued liabilities	(2,261)	1,543	(5,234)	1,041
Net cash provided by (used in) operating activities	$ 1,961	$ 3,019	(4,914)	$ (1,611)
CASH FLOWS FROM INVESTING ACTIVITIES:
Net cash received in purchase transaction			653
Change in vendor liabilities			16
Additions to fixed assets	$ (228)	$ (323)	(657)	$ (610)
Net cash provided by (used in) investing activities	$ (228)	$ (323)	12	$ (610)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from short-term borrowings			18,000
Repayment of short-term indebtedness			(27,098)
Net proceeds from issuance of Common Stock	$ 415	$ 43	580	$ 185
Net cash provided by (used in) financing activities	415	43	(8,518)	185
CHANGE IN CASH AND CASH EQUIVALENTS	2,148	2,739	(13,420)	(2,036)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	3,887	625	19,455	5,400
CASH AND CASH EQUIVALENTS, END OF PERIOD	$ 6,035	3,364	6,035	3,364
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS:
Payments for interest		$ 7	58	8
Payments for income taxes	$ 8		$ 8	$ 9

Note 1 - Description of Busines

Note 1 - Description of Business	9 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Nature of Operations [Text Block]	1. DESCRIPTION OF BUSINESS Xplore Technologies Corp. (the “Company”), incorporated under the laws of the State of Delaware, is engaged in the development, integration and marketing of rugged mobile personal computer (“PC”) systems. The Company’s rugged tablet PCs are designed to withstand hazardous conditions such as extreme temperatures, driving rain, repeated vibrations, dirt, dust and concussive shocks. The intrinsically safe, ruggedized and reliable nature of the Company’s products enable the extension of traditional computing systems to a range of field personnel, including oil field pipeline inspectors, public safety personnel, warehouse workers and pharmaceutical scientists. The Company’s tablets are fitted with a range of performance-matched accessories, including multiple docking station solutions, wireless connectivity alternatives, global positioning system modules, biometric and smartcard modules, as well as traditional peripherals, such as keyboards and cases. Additionally, the Company’s most rugged tablets are waterproof for up to 30 minutes in a depth of up to three feet, impervious to drops from as high as seven feet, readable in direct sunlight, can be mounted on vehicles and include LTE and Wi-Fi connectivity options for real-time data access. The Company’s customers include major telecommunications companies, leading heavy equipment manufacturers, oil and gas companies, the military and first responders.

Note 2 - Significant Accounting

Note 2 - Significant Accounting Policies	9 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block]	2. SIGNIFICANT ACCOUNTING POLICIES The accompanying unaudited interim consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States and in accordance with the instructions for Form 10-Q. Accordingly, they do not include all of the information and disclosures required by accounting principles generally accepted in the United States for complete financial statements. In the opinion of management, these financial statements contain all normal and recurring adjustments considered necessary to present fairly the financial position, results of operations and cash flows for the periods presented. The results for the three and nine months ended December 31, 2015 are not necessarily indicative of the results to be expected for the full year. The consolidated balance sheet at March 31, 2015 has been derived from the audited consolidated financial statements at that date but does not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. These accompanying unaudited consolidated financial statements should be read in conjunction with Management’s Discussion and Analysis of Financial Condition and Results of Operations and the audited consolidated financial statements and related notes included in the Company’s fiscal 2015 Annual Report on Form 10-K filed with the Securities and Exchange Commission on June 29, 2015. Basis of consolidation and presentation The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, Xplore Technologies Corporation of America and Xplore Technologies International Corp. Preparing financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue and expenses, and related disclosure of contingent assets and liabilities. These estimates and assumptions are affected by management’s application of accounting policies. Estimates are deemed critical when a different estimate could have reasonably been used or where changes in the estimates are reasonably likely to occur from period to period, and would materially impact the Company’s financial condition, changes in financial condition or results of operations. On an ongoing basis, the Company evaluates the estimates, including those related to its revenue recognition, allowance for doubtful accounts, inventory valuation, warranty reserves, tooling amortization, financial instruments, stock-based compensation and income taxes. The estimates are based on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from management’s estimates and assumptions. Motion A cquisition On April 16, 2015, Xplore Technologies Corporation of America, a wholly-owned subsidiary of the Company, entered into a Foreclosure Purchase and Sale Agreement (the “Purchase and Sale Agreement”) with Motion Computing, Inc., Motion Computing Pty, Ltd., Motion Computing Holding Company, Inc. (collectively “Motion”) and Square 1 Bank, Motion’s senior secured lender (“Square 1”), pursuant to which the Company’s subsidiary agreed to purchase certain of the assets of Motion, including cash, cash equivalents, accounts receivable, inventory, equipment, personal property and other assets of Motion for an aggregate purchase price of approximately $9 million in cash, plus the assumption of approximately $8 million in liabilities, net of current assets, subject to the terms and conditions thereof (the “Motion Acquisition”). The assumed liabilities include certain accounts payable and obligations for service contracts and product warranties. The closing of the Motion Acquisition occurred on April 17, 2015. The Motion Acquisition was accounted for under the acquisition method of accounting in accordance with the provisions of FASB ASC Topic No. 805 Business Combinations (ASC 805). The total purchase price for the Motion assets was approximately $9 million and was comprised of cash consideration paid by the Company to Square 1. Under the acquisition method of accounting under ASC 805, the total estimated purchase price of the acquired company is allocated to the assets acquired and the liabilities assumed based on their fair values. The Company has made significant estimates and assumptions in determining the preliminary allocation of the purchase price. The preliminary allocation of purchase consideration is subject to change based on further review of the fair value of the assets acquired and liabilities assumed. The following table is the allocation of the purchase price (in thousands, except years): Fair Value Weighted Average Estimated Useful Life (In Years) Cash and cash equivalents $ 653 Accounts receivable 7,384 Inventory 5,793 Other assets 7 Fixed assets 715 3 Goodwill 16,690 Identifiable intangible assets 2,130 6 Accounts payable and accrued liabilities (15,561 ) Deferred revenue (8,732 ) Total purchase price $ 9,079 Goodwill represents the excess of the fair value of consideration given over the fair value of the tangible assets, identifiable intangible assets and liabilities assumed in a business combination and the potential synergy of combining the operations of the Company and Motion. The Company expects the entire amount of goodwill recorded in this acquisition will be deducted for tax purposes ratably over a 15 year period. The identified intangible assets consist of trademarks, copyrights, and developed technology, including patents. The estimated fair values of the trademark, copyrights and developed technology were determined using the “Relief from Royalty” method. Trademark, developed technology, non-compete and customer relationship will be amortized on a straight-line basis over their estimated useful lives. The Company expects the amortization of acquired intangibles will be approximately $400 per year for the remaining estimated useful lives. Goodwill has decreased from $16,690 to $16,559 due to $16 received from a former Motion vendor during the quarter ended September 30, 2015 and by a net decrease of $115 in liabilities related to former Motion vendors during the quarter ended December 31, 2015. Goodwill and other intangible a ssets Goodwill represents the excess purchase price over the fair value of identifiable assets received attributable to business acquisitions and combinations. Goodwill and other intangible assets are measured for impairment at least annually and/or whenever events and circumstances arise that indicate impairment may exist, such as a significant adverse change in the business climate. In assessing the value of goodwill, assets and liabilities are assigned to the reporting units and the appropriate valuation methodologies are used to determine fair value at the reporting unit level. Identified intangible assets are amortized using the straight-line method over their estimated useful lives which are estimated to be between three and seven years. Long-lived asset impairment Long-lived assets include property and equipment and definite-lived intangible assets. Definite-lived intangible assets consist of customer relationships, trade names and non-compete agreements. Long-lived assets are measured for impairment at least annually and/or whenever events and circumstances arise that indicate that the carrying value of the assets may not be recoverable. Cash and cash equivalents and liquidity At December 31, 2015, the Company had cash and cash equivalents of approximately $6,035, working capital of approximately $16,928 and total equity of approximately $31,644. The Company’s management believes that it has adequate cash and cash equivalents on hand and projected cash flow from operations to finance its operations for at least 12 months. Foreign Currency Transactions From time to time the Company will enter into transactions that are settled in a foreign currency. The transactions are recorded in U.S. dollars based on the exchange rate in effect at the time a transaction is initiated. When a transaction is settled, the foreign currency received to settle the transaction is converted to U.S. dollars based on the exchange rate in effect at the time of settlement. A realized foreign currency exchange gain or loss is recorded based on the difference in the exchange rate in effect when a transaction is initiated, and the exchange rate in effect when a transaction is settled. For the nine months ended December 31, 2015 and 2014, the Company reported a loss in foreign currency transactions of $417 and $3, respectively.

Note 3 - Inventory

Note 3 - Inventory	9 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Inventory Disclosure [Text Block]	3. INVENTORY December 31, 2015 March 31, 2015 Finished goods $ 6,070 $ 5,687 Computer components 7,717 2,196 Total inventory $ 13,787 $ 7,883

Note 4 - Loss Per Share

Note 4 - Loss Per Share	9 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Earnings Per Share [Text Block]	4. LOSS PER SHARE Loss per share has been computed based on the weighted-average number of shares of common stock issued and outstanding during the period, and is calculated by dividing net loss by the weighted average number of common shares outstanding during the period. The effects of the options granted under the Company’s option plans, the exercise of outstanding options and the exercise of outstanding warrants were excluded from the loss per share calculations for the periods presented as their inclusion is anti-dilutive. Accordingly, diluted loss per share has not been presented. Three Months Ended December 31, Nine Months Ended December 31, 2015 2014 2015 2014 Weighted average number of common shares used in net income per common share 10,833,833 8,473,140 10,828,375 8,451,928 Dilutive effect of stock options and warrants 655,141 98,672 666,121 101,408 Weighted average number of common shares used in fully diluted income per common share 11,539,074 8,571,812 11,494,496 8,553,336 The following securities were not considered in the loss per share calculations: Three Months Ended December 31, Nine Months Ended December 31, 2015 2014 2015 2014 Warrants 105,000 122,500 105,000 137,500 Options 1,082,392 293,312 833,110 1,293,022 1,187,392 415,812 938,110 1,430,522

Note 5 - Short-term Indebtednes

Note 5 - Short-term Indebtedness	9 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Short-Term Indebtedness Disclosure [Text Block]	5. SHORT-TERM INDEBTEDNESS On December 10, 2009, the Company’s wholly-owned subsidiary entered into an Accounts Receivable Purchasing Agreement (as amended to date, the “ARPA”) with DSCH Capital Partners, LLC d/b/a Far West Capital (“FWC”). Pursuant to the ARPA, FWC could purchase, in its sole discretion, eligible accounts receivable of the Company’s subsidiary on a revolving basis, up to a maximum of $8,500, with full recourse for the face amount of such eligible receivables. On April 17, 2015, the Company terminated the ARPA and entered into a new credit agreement in connection with the consummation of the Motion Acquisition. There were no borrowings under the ARPA immediately prior to such termination. The Company and its wholly-owned subsidiary entered into a Loan and Security Agreement with Square 1 (the “Square 1 Credit Agreement”) pursuant to which Square 1 agreed to provide revolving loans of up to an aggregate principal amount of $15 million to the Company’s subsidiary. The Square 1 Credit Agreement has a two-year term. Payment and performance under the Square 1 Credit Agreement is secured by a first priority security interest in and to substantially all of the assets of the Company and its subsidiaries. Pursuant to the Square 1 Credit Agreement, the loans consist of formula revolving loans and non-formula revolving loans. The maximum amount of formula revolving loans outstanding at any one time cannot exceed the lesser of $15 million or 85% of eligible accounts receivable of the Company’s subsidiary. The maximum amount of non-formula revolving loans outstanding at any one time cannot exceed $4 million through April 16, 2016, and thereafter steps-down in $480,000 increments every three months until the cap reaches $2.08 million, which will be maximum allowable amount outstanding at any one time thereafter until the maturity date. The interest rate on the loans is variable, and will be equal to the prime rate in effect from time to time plus 1.25% per annum, provided that the interest rate on any day shall not be less than 4.5% per annum. As of April 17, 2015, the outstanding principal amount of loans drawn under the Square 1 Credit Agreement was approximately $9 million, which the Company’s subsidiary used to fund the cash portion of the purchase price of the Motion Acquisition. The Square 1 Credit Agreement contains a financial covenant regarding liquidity, which is tested monthly. Failure to meet such covenant or the triggering of other events of default could result in acceleration of all payment obligations and the termination of the obligations of Square 1 to make loans and extend credit under the Square 1 Credit Agreement. The Square 1 Credit Agreement contains certain representations and warranties that must be made and certain other conditions that must be met for the Purchaser and the Company to cause Square 1 to make loans. The Square 1 Credit Agreement also contains customary affirmative and negative covenants, events of default and remedies upon default including acceleration. The Company agreed to a financial covenant requiring that the sum of aggregate undrawn portion of the loans available under the Square 1 Credit Agreement plus the aggregate amount of all non-restricted cash and cash equivalents of the Company as shown on the Company's monthly financial statements provided to Square 1, as required under the Square 1 Credit Agreement shall be at least $3 million. On December 31, 2015, there were no borrowings under the Square 1 Credit Agreement.

Note 6 - Share Capital

Note 6 - Share Capital	9 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	6 . SHARE CAPITAL The Company’s second amended and restated certificate of incorporation, has established the number of authorized shares of common stock of the Company as 15,000,000 and the number of authorized shares of preferred stock of the Company as 5,000,000. Warrants Outstanding At December 31, 2015, there were warrants to purchase an aggregate of 120,000 shares of common stock outstanding, all of which are fully exercisable, as detailed in the table below: Number of Exercisable Warrants Exercise Price (1) Expiration Date 20,000 $5.00 to $5.75 May 31, 2016 100,000 $6.25 October 24, 2017 (1) Exercise price may change subject to anti-dilutive terms.

Note 7 - Stock-based Compensati

Note 7 - Stock-based Compensation Plan	9 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	7 . STOCK-BASED COMPENSATION PLAN a) Stock Options On July 28, 2009, the Company’s board of directors (the “Board of Directors”) adopted the 2009 Stock Incentive Plan (the “Stock Plan”). The Stock Plan provides for equity-based awards in the form of incentive stock options and non-statutory options, restricted shares, stock appreciation rights and restricted stock units. Awards are made to selected employees, directors and consultants to promote stock ownership among award recipients, encourage their focus on strategic long-range corporate objectives, and attract and retain exceptionally qualified personnel. The exercise price of an option is determined at the date of grant and is based on the closing price of the Company’s common stock on the stock exchange or quotation system on which the common stock is listed or traded on the day of grant. Unless otherwise provided for, the options are exercisable only during the term of engagement of the employee, officer or consultant or during the period of service as a director of the Company. The Stock Plan became effective as of June 10, 2009 and was approved by the Company’s stockholders on January 14, 2010. On April 7, 2015, the Board of Directors approved grants of options to purchase a total of 240,374 shares of common stock, with an exercise price of $6.38, of which options to purchase 87,437 shares were granted to the Company's Chairman and Chief Executive Officer, options to purchase 75,000 shares were granted to the Company's President, options to purchase 50,000 shares were granted to the Company's Chief Financial Officer at the time and options to purchase 27,937 shares were granted to Andrea Goren, a member of the Board of Directors. The options vest on the first anniversary of the Motion Acquisition, and have a term of seven and one half years from the date of the grant. These grants are contingent upon stockholder approval of an increase in the maximum number of shares to be authorized for issuance under the Stock Plan. In November 2015, the Board of Directors approved two sets of option grants to new employees, one for options to purchase a total of 249,282 shares of common stock, with an exercise price of $5.49, of which options to purchase 109,282 shares were granted to the Company’s new Chief Financial Officer, and the other for options to purchase 20,000 shares of common stock, with an exercise price of $5.91. The options vest in three equal annual installments, beginning on the first anniversary of the date of grant, and have a term of five years from the date of the grant. The grant date fair values of these option awards to be recognized as stock compensation was $547. A summary of the activity in the Stock Plan during the nine months ended December 31, 2015 was as follows: Options Weighted Outstanding at March 31, 2015 1,905,405 $ 6.30 Granted 509,656 5.93 Exercised (101,330 ) 4.59 Forfeited (313,268 ) 7.24 Outstanding at end of period 2,000,463 $ 6.14 At December 31, 2015, the total number of shares of common stock issued in connection with the exercise of options since the inception of the Stock Plan was 171,926 and the total number of shares of common stock issued in connection with the vesting of restricted stock awards was 4,268. A summary of the options outstanding and exercisable at December 31, 2015 was as follows: Options Outstanding and Expected to Vest Options Exercisable Range of Exercise Prices US$ Number Outstanding Weighted Average Remaining Contractual Life Number Exercisable Weighted Average Remaining Contractual Life $3.44—4.99 310,071 2.7 191,743 2.7 $5.00— 7.50 1,606,221 5.3 828,099 4.9 $7.51—26.99 84,111 0.3 84,111 0.3 $27.00— 40.00 60 0.1 60 0.1 2,000,463 4.7 1,104,013 4.2 The weighted average exercise price of options exercisable at December 31, 2015 was $6.49 per share. The options have been valued separately using the Black-Scholes methodology. The options issued to members of the Board of Directors, officers and non-officer employees in fiscal 2015 have different expected terms and, accordingly, different volatility and discount rates. The Company recorded stock compensation cost of $535 and $152 for the three months ended December 31, 2015 and 2014, respectively, and $1,634 and $477 for the nine months ended December 31, 2015 and 2014, respectively. This expense was recorded in the employee related functional classification. Compensation expense has been determined based on the fair value at the grant date for options granted in the current fiscal year. The aggregate intrinsic value of options exercisable at December 31, 2015 was $245. The future compensation expense to be recognized for unvested option grants at December 31, 2015 was $1,518, which is to be recognized over the next three years. b) 2009 Employee Stock Purchase Plan The Board of Directors approved an employee stock purchase plan that was implemented on January 1, 2009 and approved by the Company’s stockholders on November 4, 2009 (the “ESPP”). The offering price per common share and number of common shares purchased for the periods ended December 31, 2015 and 2014 are as follows: 2015 201 4 Offering Price per Common Share $ 6.03 $ 6.03 Common Shares Purchased 20,390 10,213

Note 8 - Related Party Transact

Note 8 - Related Party Transactions	9 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	8 . RELATED PARTY TRANSACTIONS On April 7, 2015, the Board of Directors approved grants of additional options to purchase a total of 240,374 shares of the Company’s common stock, with an exercise price of $6.38, of which options to purchase 87,437 shares were granted to Phillip Sassower, the Company's Chairman and Chief Executive Officer, and options to purchase 27,937 shares were granted to Andrea Goren, a member of the Board of Directors. The options vest on the first anniversary of the Motion Acquisition, and have a term of seven and one half years from the date of the grant. These grants are contingent upon stockholder approval of an increase in the maximum number of shares to be authorized for issuance under the Stock Plan. On May 1, 2015, the Board of Directors amended the Company’s transaction bonus pool such that the 15% formerly unallocated portion of the transactional bonus pool was allocated to Mr. Sassower and Mr. Goren. In November 2015, the Board of Directors reconsidered the reallocation of the pool and returned the participation in this pool to the previously allocated portions. On June 12, 2012, the Board of Directors approved the payment to each member of the Board of Directors of an annual fee of $10, to be paid quarterly in the amount of $2.5. On November 4, 2014, the Board of Directors approved the payment of an additional annual fee to each member of the Board of Director’s audit committee and compensation committee, in the amount of $4 for each committee on which such member serves, to be paid quarterly in the amount of $1, effective October 1, 2014. General administration expense includes an expense of $21 and $21 for the three months ended December 31, 2015 and 2014, respectively, and $63 and $63 for the nine months ended December 31, 2015 and 2014, respectively, relating to these fees. On June 12, 2012, the Board of Directors approved the payment to SG Phoenix LLC, an affiliate of the Company, of an annual fee of $150, to be paid monthly in the amount of $12.5, for services rendered during the year ended March 31, 2014. On February 6, 2014, the Board of Directors approved an increase in this annual fee from $150 to $200, effective February 1, 2014, for additional services to be rendered by SG Phoenix LLC. On April 7, 2015, the Board of Directors approved an increase in the annual fee paid to SG Phoenix LLC, from $200 to $287.5, effective April 1, 2015. General administration expense includes an expense of $72 and $50 for the three months ended December 31, 2015 and 2014, respectively, and $216 and $150 for the nine month ended December 31, 2015 and 2014, respectively for these fees. During the nine months ended December 31, 2015 and 2014, the Company purchased approximately $121 and $322 in components for the Company’s tablet PCs from Ember Industries, Inc., a contract manufacturer. Thomas F. Leonardis, a member of the Board of Directors, is the Chief Executive Officer and the majority shareholder of Ember Industries. The Company purchased the components from Ember Industries pursuant to standard purchase orders at Ember Industries’ standard prices. The disinterested members of the Board of Directors reviewed, approved and ratified the Company’s purchase of component parts from Ember Industries on the described terms. As of December 31, 2015, the Company owed $14 to Ember Industries for purchases of such components.

Note 9 - Segmented Information

Note 9 - Segmented Information	9 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	9 . SEGMENTED INFORMATION The distribution of revenue by country is segmented as follows: Three Months Ended Nine Months Ended December 31, December 31, December 31, December 31, Revenue by country: United States $ 15,828 59 % $ 14,970 91 % $ 54,425 68 % $ 27,476 85 % Germany 2,891 11 % 495 3 % 5,445 7 % 1,066 3 % Other 8,034 30 % 978 6 % 20,049 25 % 3,690 12 % $ 27,023 100 % $ 16,443 100 % $ 79,919 100 % $ 32,232 100 % The Company has a variety of customers, and in any given year a single customer can account for a significant portion of sales. For the three and nine months ended December 31, 2015, the Company had two customers located in the United States who accounted for more than 10% of total revenue. For the three months ended December 31, 2014, the Company had three customers located in the United States who accounted for more than 10% of the total revenue. For the nine months ended December 31, 2014, the Company had four customers located in the United States who accounted for more than 10% of the total revenue. Three Months Ended Total Revenue Number of Customers with Revenue > 10% of Total Revenue Customer Share as a Percent of Total Revenue December 31, 2015 $ 27.0 2 27 % December 31, 2014 $ 16.4 3 78 % Nine Months Ended Total Revenue Number of Customers with Revenue > 10% of Total Revenue Customer Share as a Percent of Total Revenue December 31, 2015 $ 79.9 2 25 % December 31, 2014 $ 32.2 4 64 % At December 31, 2015, the Company had two customers that accounted for more than 10% of the outstanding net receivables. Nine Months Ended Accounts Receivable Number of Customers with Account Balance > 10% of Total Receivables Customer Share as a Percent of Total Receivables December 31, 2015 $ 16.9 2 29 % The Company currently relies on four suppliers for the majority of its finished goods and engineering services related to product development, as compared to two in the prior year. At December 31, 2015 and 2014, the Company owed these suppliers $7,239 and $2,236, respectively, which is recorded in accounts payable and accrued liabilities. Substantially all of the Company’s capital assets are owned by its wholly-owned subsidiary, Xplore Technologies Corporation of America, a Delaware corporation. No more than 10% of the Company’s assets were located in any country, other than the United States, during each of the three months ended December 31, 2015 and 2014.

Note 10 - Commitments and Conti

Note 10 - Commitments and Contingent Liabilities	9 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	1 0 . COMMITMENTS AND CONTINGENT LIABILITIES a) Premises The Company leases facilities in Austin, Texas. The current annual lease commitment under the Company’s primary lease of its headquarters is $228 and the lease expires on August 31, 2019. The Company also leases a portion of Motion’s former leased facility, pursuant to a new lease agreement. The Company did not assume Motion’s lease for the facility. Rent expense for the three months ended December 31, 2015 and 2014, was $267 and $77, respectively. Rent expense for the nine months ended December, 2015 and 2014, was $780 and $198, respectively. Minimum annual payments by fiscal year required under all of the Company’s operating leases are: 2016 $ 173 2017 757 2018 753 2019 767 2020 504 $ 2,954 b) Purchase commitment At December 31, 2015, the Company had purchase obligations for fiscal 2016 of approximately $22,926 related to inventory and product development items. c) Litigation The Company and its subsidiaries are involved in various claims and legal actions arising in the ordinary course of business. None of these actions, individually or in the aggregate, are expected to have a material adverse effect on the Company’s consolidated financial position or results of operations.

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of consolidation and presentation The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, Xplore Technologies Corporation of America and Xplore Technologies International Corp. Preparing financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue and expenses, and related disclosure of contingent assets and liabilities. These estimates and assumptions are affected by management’s application of accounting policies. Estimates are deemed critical when a different estimate could have reasonably been used or where changes in the estimates are reasonably likely to occur from period to period, and would materially impact the Company’s financial condition, changes in financial condition or results of operations. On an ongoing basis, the Company evaluates the estimates, including those related to its revenue recognition, allowance for doubtful accounts, inventory valuation, warranty reserves, tooling amortization, financial instruments, stock-based compensation and income taxes. The estimates are based on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from management’s estimates and assumptions.
Business Combinations Policy [Policy Text Block]	Motion A cquisition On April 16, 2015, Xplore Technologies Corporation of America, a wholly-owned subsidiary of the Company, entered into a Foreclosure Purchase and Sale Agreement (the “Purchase and Sale Agreement”) with Motion Computing, Inc., Motion Computing Pty, Ltd., Motion Computing Holding Company, Inc. (collectively “Motion”) and Square 1 Bank, Motion’s senior secured lender (“Square 1”), pursuant to which the Company’s subsidiary agreed to purchase certain of the assets of Motion, including cash, cash equivalents, accounts receivable, inventory, equipment, personal property and other assets of Motion for an aggregate purchase price of approximately $9 million in cash, plus the assumption of approximately $8 million in liabilities, net of current assets, subject to the terms and conditions thereof (the “Motion Acquisition”). The assumed liabilities include certain accounts payable and obligations for service contracts and product warranties. The closing of the Motion Acquisition occurred on April 17, 2015. The Motion Acquisition was accounted for under the acquisition method of accounting in accordance with the provisions of FASB ASC Topic No. 805 Business Combinations (ASC 805). The total purchase price for the Motion assets was approximately $9 million and was comprised of cash consideration paid by the Company to Square 1. Under the acquisition method of accounting under ASC 805, the total estimated purchase price of the acquired company is allocated to the assets acquired and the liabilities assumed based on their fair values. The Company has made significant estimates and assumptions in determining the preliminary allocation of the purchase price. The preliminary allocation of purchase consideration is subject to change based on further review of the fair value of the assets acquired and liabilities assumed. The following table is the allocation of the purchase price (in thousands, except years): Fair Value Weighted Average Estimated Useful Life (In Years) Cash and cash equivalents $ 653 Accounts receivable 7,384 Inventory 5,793 Other assets 7 Fixed assets 715 3 Goodwill 16,690 Identifiable intangible assets 2,130 6 Accounts payable and accrued liabilities (15,561 ) Deferred revenue (8,732 ) Total purchase price $ 9,079 Goodwill represents the excess of the fair value of consideration given over the fair value of the tangible assets, identifiable intangible assets and liabilities assumed in a business combination and the potential synergy of combining the operations of the Company and Motion. The Company expects the entire amount of goodwill recorded in this acquisition will be deducted for tax purposes ratably over a 15 year period. The identified intangible assets consist of trademarks, copyrights, and developed technology, including patents. The estimated fair values of the trademark, copyrights and developed technology were determined using the “Relief from Royalty” method. Trademark, developed technology, non-compete and customer relationship will be amortized on a straight-line basis over their estimated useful lives. The Company expects the amortization of acquired intangibles will be approximately $400 per year for the remaining estimated useful lives. Goodwill has decreased from $16,690 to $16,559 due to $16 received from a former Motion vendor during the quarter ended September 30, 2015 and by a net decrease of $115 in liabilities related to former Motion vendors during the quarter ended December 31, 2015.
Goodwill and Intangible Assets, Policy [Policy Text Block]	Goodwill and other intangible a ssets Goodwill represents the excess purchase price over the fair value of identifiable assets received attributable to business acquisitions and combinations. Goodwill and other intangible assets are measured for impairment at least annually and/or whenever events and circumstances arise that indicate impairment may exist, such as a significant adverse change in the business climate. In assessing the value of goodwill, assets and liabilities are assigned to the reporting units and the appropriate valuation methodologies are used to determine fair value at the reporting unit level. Identified intangible assets are amortized using the straight-line method over their estimated useful lives which are estimated to be between three and seven years.
Impairment or Disposal of Long-Lived Assets, Including Intangible Assets, Policy [Policy Text Block]	Long-lived asset impairment Long-lived assets include property and equipment and definite-lived intangible assets. Definite-lived intangible assets consist of customer relationships, trade names and non-compete agreements. Long-lived assets are measured for impairment at least annually and/or whenever events and circumstances arise that indicate that the carrying value of the assets may not be recoverable. 7
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and cash equivalents and liquidity At December 31, 2015, the Company had cash and cash equivalents of approximately $6,035, working capital of approximately $16,928 and total equity of approximately $31,644. The Company’s management believes that it has adequate cash and cash equivalents on hand and projected cash flow from operations to finance its operations for at least 12 months.
Foreign Currency Transactions and Translations Policy [Policy Text Block]	Foreign Currency Transactions From time to time the Company will enter into transactions that are settled in a foreign currency. The transactions are recorded in U.S. dollars based on the exchange rate in effect at the time a transaction is initiated. When a transaction is settled, the foreign currency received to settle the transaction is converted to U.S. dollars based on the exchange rate in effect at the time of settlement. A realized foreign currency exchange gain or loss is recorded based on the difference in the exchange rate in effect when a transaction is initiated, and the exchange rate in effect when a transaction is settled. For the nine months ended December 31, 2015 and 2014, the Company reported a loss in foreign currency transactions of $417 and $3, respectively.

Note 2 - Significant Accounti17

Note 2 - Significant Accounting Policies (Tables)	9 Months Ended
	Dec. 31, 2015
Notes Tables
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	Fair Value Weighted Average Estimated Useful Life (In Years) Cash and cash equivalents $ 653 Accounts receivable 7,384 Inventory 5,793 Other assets 7 Fixed assets 715 3 Goodwill 16,690 Identifiable intangible assets 2,130 6 Accounts payable and accrued liabilities (15,561 ) Deferred revenue (8,732 ) Total purchase price $ 9,079

Note 3 - Inventory (Tables)

Note 3 - Inventory (Tables)	9 Months Ended
	Dec. 31, 2015
Notes Tables
Schedule of Inventory, Current [Table Text Block]	December 31, 2015 March 31, 2015 Finished goods $ 6,070 $ 5,687 Computer components 7,717 2,196 Total inventory $ 13,787 $ 7,883

Note 4 - Loss Per Share (Tables

Note 4 - Loss Per Share (Tables)	9 Months Ended
	Dec. 31, 2015
Notes Tables
Schedule of Weighted Average Number of Shares [Table Text Block]	Three Months Ended December 31, Nine Months Ended December 31, 2015 2014 2015 2014 Weighted average number of common shares used in net income per common share 10,833,833 8,473,140 10,828,375 8,451,928 Dilutive effect of stock options and warrants 655,141 98,672 666,121 101,408 Weighted average number of common shares used in fully diluted income per common share 11,539,074 8,571,812 11,494,496 8,553,336
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]	Three Months Ended December 31, Nine Months Ended December 31, 2015 2014 2015 2014 Warrants 105,000 122,500 105,000 137,500 Options 1,082,392 293,312 833,110 1,293,022 1,187,392 415,812 938,110 1,430,522

Note 6 - Share Capital (Tables)

Note 6 - Share Capital (Tables)	9 Months Ended
	Dec. 31, 2015
Notes Tables
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]	Number of Exercisable Warrants Exercise Price (1) Expiration Date 20,000 $5.00 to $5.75 May 31, 2016 100,000 $6.25 October 24, 2017

Note 7 - Stock-based Compensa21

Note 7 - Stock-based Compensation Plan (Tables)	9 Months Ended
	Dec. 31, 2015
Notes Tables
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	Options Weighted Outstanding at March 31, 2015 1,905,405 $ 6.30 Granted 509,656 5.93 Exercised (101,330 ) 4.59 Forfeited (313,268 ) 7.24 Outstanding at end of period 2,000,463 $ 6.14
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]	Options Outstanding and Expected to Vest Options Exercisable Range of Exercise Prices US$ Number Outstanding Weighted Average Remaining Contractual Life Number Exercisable Weighted Average Remaining Contractual Life $3.44—4.99 310,071 2.7 191,743 2.7 $5.00— 7.50 1,606,221 5.3 828,099 4.9 $7.51—26.99 84,111 0.3 84,111 0.3 $27.00— 40.00 60 0.1 60 0.1 2,000,463 4.7 1,104,013 4.2
Schedule of Share-based Compensation, Employee Stock Purchase Plan, Activity [Table Text Block]	2015 201 4 Offering Price per Common Share $ 6.03 $ 6.03 Common Shares Purchased 20,390 10,213

Note 9 - Segmented Information

Note 9 - Segmented Information (Tables)	9 Months Ended
	Dec. 31, 2015
Notes Tables
Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area [Table Text Block]	Three Months Ended Nine Months Ended December 31, December 31, December 31, December 31, Revenue by country: United States $ 15,828 59 % $ 14,970 91 % $ 54,425 68 % $ 27,476 85 % Germany 2,891 11 % 495 3 % 5,445 7 % 1,066 3 % Other 8,034 30 % 978 6 % 20,049 25 % 3,690 12 % $ 27,023 100 % $ 16,443 100 % $ 79,919 100 % $ 32,232 100 %
Schedule of Revenue by Major Customers by Reporting Segments [Table Text Block]	Three Months Ended Total Revenue Number of Customers with Revenue > 10% of Total Revenue Customer Share as a Percent of Total Revenue December 31, 2015 $ 27.0 2 27 % December 31, 2014 $ 16.4 3 78 % Nine Months Ended Total Revenue Number of Customers with Revenue > 10% of Total Revenue Customer Share as a Percent of Total Revenue December 31, 2015 $ 79.9 2 25 % December 31, 2014 $ 32.2 4 64 %
Schedule of Receivables by Major Customers by Reporting Segments [Table Text Block]	Nine Months Ended Accounts Receivable Number of Customers with Account Balance > 10% of Total Receivables Customer Share as a Percent of Total Receivables December 31, 2015 $ 16.9 2 29 %

Note 10 - Commitments and Con23

Note 10 - Commitments and Contingent Liabilities (Tables)	9 Months Ended
	Dec. 31, 2015
Notes Tables
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	2016 $ 173 2017 757 2018 753 2019 767 2020 504 $ 2,954

Note 2 - Significant Accounti24

Note 2 - Significant Accounting Policies (Details Textual) - USD ($) $ in Thousands	Apr. 16, 2015	Dec. 31, 2015	Sep. 30, 2015	Dec. 31, 2015	Dec. 31, 2014	Jun. 30, 2015	Mar. 31, 2015	Sep. 30, 2014	Mar. 31, 2014
Motion [Member]
Payments to Acquire Businesses, Gross	$ 9,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities	$ 8,000
Business Acquisition Goodwill Expected Tax Deductible Amount Period, It Will Be Deducted	15 years
Business Combination, Expected Amortization per Year of Acquired Intangibles	$ 400
Goodwill	$ 16,690	$ 16,559		$ 16,559		$ 16,690
Goodwill, Period Increase (Decrease)		(115)	$ (16)
Minimum [Member]
Finite-Lived Intangible Asset, Useful Life				3 years
Maximum [Member]
Finite-Lived Intangible Asset, Useful Life				7 years
Goodwill		16,559		$ 16,559
Cash and Cash Equivalents, at Carrying Value		6,035	$ 3,887	6,035	$ 3,364		$ 19,455	$ 625	$ 5,400
Working Capital		16,928		16,928
Stockholders' Equity Attributable to Parent		$ 31,644		$ 31,644			$ 28,791
Number of Months of Adequate Cash on Hand and Cash Flow from Operations to FinanceIts Operations				1 year
Foreign Currency Transaction Gain (Loss), Realized				$ (417)	$ (3)

Note 2 - Allocation of Purchase

Note 2 - Allocation of Purchase Consideration (Details) $ in Thousands	Apr. 16, 2015USD ($)
Motion [Member]
Cash and cash equivalents	$ 653
Accounts receivable	7,384
Inventory	5,793
Other assets	7
Fixed assets	$ 715
Fixed assets	3 years
Goodwill	$ 16,690
Identifiable intangible assets	$ 2,130
Identifiable intangible assets	6 years
Accounts payable and accrued liabilities	$ 15,561
Deferred revenue	8,732
Total purchase price	$ 9,079

Note 3 - Inventory Components (

Note 3 - Inventory Components (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Mar. 31, 2015
Finished goods	$ 6,070	$ 5,687
Computer components	7,717	2,196
Total inventory	$ 13,787	$ 7,883

Note 4 - Weighted Average Numbe

Note 4 - Weighted Average Number of Common Shares (Details) - shares	3 Months Ended		9 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Weighted average number of common shares used in net income per common share (in shares)	10,833,833	8,473,140	10,828,375	8,451,928
Dilutive effect of stock options and warrants (in shares)	655,141	98,672	666,121	101,408
Weighted average number of common shares used in fully diluted income per common share (in shares)	11,539,074	8,571,812	11,494,496	8,553,336

Note 4 - Antidilutive Securitie

Note 4 - Antidilutive Securities Excluded in the Loss Per Share Calculations (Details) - shares	3 Months Ended		9 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Warrant [Member]
Antidilutive securities excluded from computation of loss per share (in shares)	105,000	122,500	105,000	137,500
Employee Stock Option [Member]
Antidilutive securities excluded from computation of loss per share (in shares)	1,082,392	293,312	833,110	1,293,022
Antidilutive securities excluded from computation of loss per share (in shares)	1,187,392	415,812	938,110	1,430,522

Note 5 - Short-term Indebtedn29

Note 5 - Short-term Indebtedness (Details Textual) - USD ($)	Apr. 17, 2015	Dec. 31, 2015	Dec. 10, 2009
Accounts Receivable, Purchasing Agreement [Member]
Short-term Debt	$ 0
Maximum Accounts Receivables Which May be Purchased by FWC			$ 8,500,000
Formula Revolving Loans [Member] | Revolving Credit Facility [Member] | Square 1 [Member] | If Less than 85 of Eligible Accounts [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 15,000,000
Line of Credit Facility, Maximum Borrowing Capacity, Percentage of Eligible Accounts Receivable	85.00%
Non-formula Revolving Loans [Member] | Revolving Credit Facility [Member] | Square 1 [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 4,000,000
Revolving Credit Facility [Member] | Square 1 [Member] | Non-formula Revolving Loans [Member]
Line of Credit Facility, Maximum Borrowing Capacity	2,080,000
Line of Credit Facility, Maximum Borrowing Capacity Quarterly Decreasing Amount	$ 480,000,000
Revolving Credit Facility [Member] | Square 1 [Member] | Prime Rate [Member]
Debt Instrument, Basis Spread on Variable Rate	1.25%
Revolving Credit Facility [Member] | Square 1 [Member] | Minimum [Member]
Debt Instrument, Interest Rate, Stated Percentage	4.50%
Revolving Credit Facility [Member] | Square 1 [Member]
Long-term Line of Credit	$ 9,000,000	$ 0
Line of Credit Facility, Maximum Borrowing Capacity	$ 15,000,000
Line of Credit Facility, Expiration Period	2 years
Minimum Required Amount of Undrawn Portion of the Loans plus All Non Restricted Cash and Cash Equivalents	$ 3,000,000

Note 6 - Share Capital (Details

Note 6 - Share Capital (Details Textual) - shares	Dec. 31, 2015	Mar. 31, 2015	Nov. 01, 2012
Common Stock, Shares Authorized	15,000,000	15,000,000	15,000,000
Preferred Stock, Shares Authorized	5,000,000	5,000,000	5,000,000
Class of Warrant or Right, Outstanding	120,000

Note 6 - Warrants Outstanding (

Note 6 - Warrants Outstanding (Details)	Dec. 31, 2015$ / sharesshares
Exercise Price Range 1 [Member] | Minimum [Member]
Exercise price (in dollars per share)	$ 5
Exercise Price Range 1 [Member] | Maximum [Member]
Exercise price (in dollars per share)	$ 5.75
Exercise Price Range 1 [Member]
Number of exercisable warrants (in shares) | shares	20,000
Exercise Price Range 2 [Member]
Number of exercisable warrants (in shares) | shares	100,000
Exercise price (in dollars per share)	$ 6.25

Note 7 - Stock-based Compensa32

Note 7 - Stock-based Compensation Plan (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	Apr. 07, 2015	Nov. 30, 2015	Dec. 31, 2015	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
The 2009 Stock Plan [Member] | Philip S. Sassower [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	87,437
The 2009 Stock Plan [Member] | President [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	75,000
The 2009 Stock Plan [Member] | Former Chief Financial Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	50,000
The 2009 Stock Plan [Member] | Andrea Goren [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	27,937
The 2009 Stock Plan [Member] | Chief Financial Officer [Member] | Option One [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross		109,282
The 2009 Stock Plan [Member] | Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	7 years 182 days
The 2009 Stock Plan [Member] | Option One [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross		249,282
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price		$ 5.49
The 2009 Stock Plan [Member] | Option Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross		20,000
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price		$ 5.91
The 2009 Stock Plan [Member] | Option One and Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period		5 years
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period		3 years
Allocated Share-based Compensation Expense			$ 547
The 2009 Stock Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	240,374
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price	$ 6.38
Allocated Share-based Compensation Expense				$ 535	$ 152	$ 1,634	$ 477
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period						171,926
Stock Issued During Period, Shares, Restricted Stock Award, Gross						4,268
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price			$ 6.49	$ 6.49		$ 6.49
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value			$ 245	$ 245		$ 245
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options			$ 1,518	$ 1,518		$ 1,518
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition						3 years
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross						509,656
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price						$ 5.93
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period						101,330

Note 7 - Activity in the Amende

Note 7 - Activity in the Amended Share Option Plan and Stock Plan (Details)	9 Months Ended
	Dec. 31, 2015$ / sharesshares
Outstanding (in shares) | shares	1,905,405
Outstanding, WeightedAverageExercise Price (in dollars per share) | $ / shares	$ 6.30
Granted (in shares) | shares	509,656
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price | $ / shares	$ 5.93
Exercised (in shares) | shares	(101,330)
Exercised (in dollars per share) | $ / shares	$ 4.59
Forfeited (in shares) | shares	(313,268)
Forfeited (in dollars per share) | $ / shares	$ 7.24
Outstanding (in shares) | shares	2,000,463
Outstanding, WeightedAverageExercise Price (in dollars per share) | $ / shares	$ 6.14

Note 7 - A Summary of the Optio

Note 7 - A Summary of the Options Outstanding and Exercisable (Details)	9 Months Ended
	Dec. 31, 2015$ / sharesshares
Exercise Price Range 1 [Member]
Range of Exercise Prices, Lower Range (in dollars per share) | $ / shares	$ 3.44
Range of Exercise Prices, Upper Range (in dollars per share) | $ / shares	$ 4.99
Options Outstanding and Expected to Vest, Number Outstanding (in shares)	310,071
Options Outstanding and Expected to Vest, Weighted Average Remaining Contractual Life	2 years 255 days
Options Exercisable, Number Exercisable (in shares)	191,743
Options Exercisable, Weighted Average Remaining Contractual Life	2 years 255 days
Exercise Price Range 2 [Member]
Range of Exercise Prices, Lower Range (in dollars per share) | $ / shares	$ 5
Range of Exercise Prices, Upper Range (in dollars per share) | $ / shares	$ 7.50
Options Outstanding and Expected to Vest, Number Outstanding (in shares)	1,606,221
Options Outstanding and Expected to Vest, Weighted Average Remaining Contractual Life	5 years 109 days
Options Exercisable, Number Exercisable (in shares)	828,099
Options Exercisable, Weighted Average Remaining Contractual Life	4 years 328 days
Exercise Price Range 3 [Member]
Range of Exercise Prices, Lower Range (in dollars per share) | $ / shares	$ 7.51
Range of Exercise Prices, Upper Range (in dollars per share) | $ / shares	$ 26.99
Options Outstanding and Expected to Vest, Number Outstanding (in shares)	84,111
Options Outstanding and Expected to Vest, Weighted Average Remaining Contractual Life	109 days
Options Exercisable, Number Exercisable (in shares)	84,111
Options Exercisable, Weighted Average Remaining Contractual Life	109 days
Exercise Price Range 4 [Member]
Range of Exercise Prices, Lower Range (in dollars per share) | $ / shares	$ 27
Range of Exercise Prices, Upper Range (in dollars per share) | $ / shares	$ 40
Options Outstanding and Expected to Vest, Number Outstanding (in shares)	60
Options Outstanding and Expected to Vest, Weighted Average Remaining Contractual Life	36 days
Options Exercisable, Number Exercisable (in shares)	60
Options Exercisable, Weighted Average Remaining Contractual Life	36 days
Options Outstanding and Expected to Vest, Number Outstanding (in shares)	2,000,463
Options Outstanding and Expected to Vest, Weighted Average Remaining Contractual Life	4 years 255 days
Options Exercisable, Number Exercisable (in shares)	1,104,013
Options Exercisable, Weighted Average Remaining Contractual Life	4 years 73 days

Note 7 - Employee Stock Purchas

Note 7 - Employee Stock Purchase Plan (Details) - USD ($)	9 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Offering Price per Common Share	$ 6.03	$ 6.03
Common Shares Purchased (in shares)	20,390	10,213

Note 8 - Related Party Transa36

Note 8 - Related Party Transactions (Details Textual) - USD ($)	May. 01, 2015	Apr. 07, 2015	Nov. 04, 2014	Feb. 06, 2014	Jun. 12, 2012	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
The 2009 Stock Plan [Member] | Philip S. Sassower [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross		87,437
The 2009 Stock Plan [Member] | Andrea Goren [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross		27,937
The 2009 Stock Plan [Member] | Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period		7 years 182 days
The 2009 Stock Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross		240,374
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price		$ 6.38
Annual Fee [Member] | Each Director [Member]
Related Party Transaction, Expenses from Transactions with Related Party					$ 10,000
Annual Fee [Member] | SG Phoenix LLC [Member]
Related Party Transaction, Expenses from Transactions with Related Party		$ 287,500		$ 200,000	150,000
Quarterly Payments [Member] | Each Director [Member]
Related Party Transaction, Expenses from Transactions with Related Party					2,500
Quarterly Payments [Member] | SG Phoenix LLC [Member]
Related Party Transaction, Expenses from Transactions with Related Party					$ 12,500
Each Director [Member]
Related Party Transaction Increase to Expenses From Transactions with Related Party			$ 4,000
Related Party Transaction Increase to Expenses from Transactions with Related Party Amount to Be Paid Quarterly			$ 1,000
Related Party Transaction, Selling, General and Administrative Expenses from Transactions with Related Party						$ 21,000	$ 21,000	$ 63,000	$ 63,000
SG Phoenix LLC [Member]
Related Party Transaction, Selling, General and Administrative Expenses from Transactions with Related Party						72,000	$ 50,000	216,000	150,000
Ember Industries [Member] | Tablet PC Components [Member]
Related Party Transaction, Purchases from Related Party								121,000	$ 322,000
Due to Related Parties						$ 14,000		$ 14,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross								509,656
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price								$ 5.93
Transaction Bonus Pool Percentage	15.00%

Note 9 - Segmented Informatio37

Note 9 - Segmented Information (Details Textual) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Mar. 31, 2015USD ($)
UNITED STATES | Sales Revenue, Net [Member] | Customer Concentration Risk [Member]
Number of Major Customers			2	4
Sales Revenue, Net [Member] | Customer Concentration Risk [Member]
Number of Major Customers	2	3	2	4
Accounts Receivable [Member] | Customer Concentration Risk [Member]
Number of Major Customers			2
Cost of Goods, Product Line [Member] | Supplier Concentration Risk [Member]
Number of Major Suppliers	4	2	4	2
Suppliers [Member]
Accounts Payable and Accrued Liabilities, Current	$ 7,239	$ 2,236	$ 7,239	$ 2,236
Accounts Payable and Accrued Liabilities, Current	$ 15,368		$ 15,368		$ 4,594

Note 9 - Distribution of Revenu

Note 9 - Distribution of Revenue by Country (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
UNITED STATES
Total revenue	$ 15,828	$ 14,970	$ 54,425	$ 27,476
Customer share as a percent of total revenue	59.00%	91.00%	68.00%	85.00%
GERMANY
Total revenue	$ 2,891	$ 495	$ 5,445	$ 1,066
Customer share as a percent of total revenue	11.00%	3.00%	7.00%	3.00%
Other Country [Member]
Total revenue	$ 8,034	$ 978	$ 20,049	$ 3,690
Customer share as a percent of total revenue	30.00%	6.00%	25.00%	12.00%
Total revenue	$ 27,023	$ 16,443	$ 79,919	$ 32,232
Customer share as a percent of total revenue	100.00%	100.00%	100.00%	100.00%

Note 9 - Percentages of Total R

Note 9 - Percentages of Total Revenue from Major Customers (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Sales Revenue, Net [Member] | Customer Concentration Risk [Member]
Number of Major Customers	2	3	2	4
Customer share as a percent of total revenue	27.00%	78.00%	25.00%	64.00%
Total revenue	$ 27,023	$ 16,443	$ 79,919	$ 32,232
Customer share as a percent of total revenue	100.00%	100.00%	100.00%	100.00%

Note 9 - Percentages of Total40

Note 9 - Percentages of Total Receivables from Major Customers (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Mar. 31, 2015
Accounts Receivable [Member] | Customer Concentration Risk [Member]
Number of Major Customers			2
Customer share as a percent of total revenue			29.00%
Accounts receivable	$ 16,990		$ 16,990		$ 6,633
Customer share as a percent of total revenue	100.00%	100.00%	100.00%	100.00%

Note 10 - Commitments and Con41

Note 10 - Commitments and Contingent Liabilities (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Annual Lease Commitment			$ 228
Operating Leases, Rent Expense, Net	$ 267	$ 77	780	$ 198
Purchase Obligation	$ 22,926		$ 22,926

Note 10 - Minimum Annual Paymen

Note 10 - Minimum Annual Payments by Fiscal Year Required under All Operating Leases (Details) $ in Thousands	Dec. 31, 2015USD ($)
2,016	$ 173
2,017	757
2,018	753
2,019	767
2,020	504
	$ 2,954