##### Table of Contents



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
 Washington, D.C. 20549
 FORM 10-Q
  þ
    
    QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 For the quarterly period ended March 31, 2011
 OR
 o
    
    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 For the transition period from  to
 Commission file number: 0-30907
 iGo, Inc.
 (Exact name of registrant as specified in its charter)
 Delaware
(State or Other Jurisdiction of Incorporation or 
Organization)
    
    86-0843914
(IRS Employer Identification No.)17800 N. Perimeter Dr., Suite 200, Scottsdale, Arizona
(Address of Principal Executive Offices)
    
    85255
(Zip Code)
 (480) 596-0061
(Registrants telephone number, including area code)
 Not applicable
(Former name, former address and former fiscal year if changed since last report)
  þ o
  o o
  Large Accelerated Filer o
    
    Accelerated Filer o
    
    Non-Accelerated Filer o
    
    Smaller Reporting Company þ(Do not check if a smaller reporting company)
  o þ




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##### 



IGO, INC.
FORM 10-Q
 TABLE OF CONTENTS
 PAGE NO.PART I  FINANCIAL INFORMATION
    
    
    1Item 1. Financial Statements:
    
    
    1Condensed Consolidated Balance Sheets
    
    
    1Condensed Consolidated Statements of Operations
    
    
    2Condensed Consolidated Statements of Cash Flows
    
    
    3Item 2. Managements Discussion and Analysis of Financial
Condition and Results of Operations
    
    
    9Item 3. Quantitative and Qualitative Disclosures About Market
Risk
    
    
    17Item 4. Controls and Procedures
    
    
    17PART II OTHER INFORMATION
    
    
    18Item 1. Legal Proceedings
    
    
    18Item 1A. Risk Factors
    
    
    18Item 6. Exhibits
    
    
    18SIGNATURES
    
    
    19EXHIBIT INDEX
    
    
    20Items 2, 3, 4 and 5 are not applicable.EX-31.1EX-31.2EX-32.1
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##### Table of Contents



PART I FINANCIAL INFORMATION
 
 ITEM 1. FINANCIAL STATEMENTS:
 IGO, INC. AND SUBSIDIARIES
 
 CONDENSED CONSOLIDATED BALANCE SHEETS  (In thousands, except share amounts)  (unaudited)
 March 31,
    
    
    December 31,2011
    
    
    2010ASSETSCurrent assets:Cash and cash equivalents
    
    $
    16,399
    
    
    $
    9,942Short-term investments
    
    
    6,923
    
    
    
    14,532Accounts receivable, net
    
    
    4,350
    
    
    
    8,620Inventories
    
    
    12,169
    
    
    
    10,307Prepaid expenses and other current assets
    
    
    787
    
    
    
    460Total current assets
    
    
    40,628
    
    
    
    43,861Property and equipment, net
    
    
    686
    
    
    
    654Goodwill
    
    
    1,920
    
    
    
    1,905Intangible assets, net
    
    
    3,924
    
    
    
    3,594Other assets
    
    
    159
    
    
    
    159Total assets
    
    $
    47,317
    
    
    $
    50,173LIABILITIES AND EQUITYLiabilities:Accounts payable
    
    $
    4,640
    
    
    $
    4,666Accrued expenses and other current liabilities
    
    
    1,293
    
    
    
    1,371Deferred revenue
    
    
    568
    
    
    
    1,838Total liabilities
    
    
    6,501
    
    
    
    7,875Equity:Common stock, $.01 par value; authorized
90,000,000 shares; 33,159,213 and 32,893,892
shares issued and outstanding at March 31,
2011 and December 31, 2010, respectively
    
    
    332
    
    
    
    329Additional paid-in capital
    
    
    172,265
    
    
    
    172,241Accumulated deficit
    
    
    (132,020
    )
    
    
    (130,381
    )Accumulated other comprehensive income
    
    
    239
    
    
    
    109Total equity
    
    
    40,816
    
    
    
    42,298Total liabilities and equity
    
    $
    47,317
    
    
    $
    50,173
  1




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IGO, INC. AND SUBSIDIARIES
 
 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS  (In thousands, except per share amounts)  (unaudited)
 Three Months EndedMarch 31,2011
    
    
    2010Revenue
    
    $
    9,228
    
    
    $
    8,168Cost of revenue
    
    
    6,369
    
    
    
    5,517Gross profit
    
    
    2,859
    
    
    
    2,651Operating expenses:Sales and marketing
    
    
    2,037
    
    
    
    1,771Research and development
    
    
    471
    
    
    
    319General and administrative
    
    
    2,041
    
    
    
    1,636Total operating expenses
    
    
    4,549
    
    
    
    3,726Loss from operations
    
    
    (1,690
    )
    
    
    (1,075
    )Other income:Interest income, net
    
    
    21
    
    
    
    56Gain on disposal of assets and other income, net
    
    
    30
    
    
    
    1,788Net income (loss)
    
    $
    (1,639
    )
    
    $
    769Net income (loss) per share:Basic
    
    $
    (0.05
    )
    
    $
    0.02Diluted
    
    $
    (0.05
    )
    
    $
    0.02Weighted average common shares outstanding:Basic
    
    
    33,026
    
    
    
    32,558Diluted
    
    
    33,026
    
    
    
    33,634
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IGO, INC. AND SUBSIDIARIES
 
 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS  (In thousands)  (unaudited)
 Three Months EndedMarch 31,2011
    
    
    2010Cash flows from operating activities:Net income (loss)
    
    $
    (1,639
    )
    
    $
    769Adjustments to reconcile net income (loss) to net cash (used in)
provided by operating activities:Provision for doubtful accounts and sales returns and credits
    
    
    233
    
    
    
    86Depreciation and amortization
    
    
    484
    
    
    
    370Amortization of deferred compensation
    
    
    422
    
    
    
    267Gain on sale of business
    
    
    
    
    
    
    (1,714
    )Changes in operating assets and liabilities:Accounts receivable
    
    
    4,037
    
    
    
    (422
    )Inventories
    
    
    (1,862
    )
    
    
    1,354Prepaid expenses and other assets
    
    
    (1,051
    )
    
    
    131Accounts payable
    
    
    (26
    )
    
    
    (83
    )Accrued expenses and other current liabilities
    
    
    (1,743
    )
    
    
    (47
    )Net cash (used in) provided by operating activities
    
    
    (1,145
    )
    
    
    711Cash flows from investing activities:Purchase of property and equipment
    
    
    (136
    )
    
    
    (16
    )(Purchase) sale of short-term investments, net
    
    
    7,605
    
    
    
    (6,630
    )Net cash provided by (used in) investing activities
    
    
    7,469
    
    
    
    (6,646
    )Cash flows from financing activities:Net cash provided by financing activities
    
    
    
    
    
    
    Effects of exchange rate changes on cash and cash equivalents
    
    
    133
    
    
    
    (50
    )Net increase (decrease) in cash and cash equivalents
    
    
    6,457
    
    
    
    (5,985
    )Cash and cash equivalents, beginning of period
    
    
    9,942
    
    
    
    19,775Cash and cash equivalents, end of period
    
    $
    16,399
    
    
    $
    13,790
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IGO, INC. AND SUBSIDIARIES
 NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(unaudited)
 (1) Basis of Presentation
    Recent Accounting Pronouncements
   (2) Fair Value Measurement
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(3) Investments
     March 31, 2011
    
    
    December 31, 2010Net
    
    
    
    
    
    
    
    
    
    
    NetUnrealized
    
    
    
    
    
    
    
    
    
    
    UnrealizedHolding
    
    
    
    
    
    
    
    
    
    
    HoldingAmortized
    
    
    Gains
    
    
    Aggregate
    
    
    Amortized
    
    
    Gains
    
    
    AggregateCost
    
    
    (Losses)
    
    
    Fair Value
    
    
    Cost
    
    
    (Losses)
    
    
    Fair ValueU.S. corporate securities:Commercial paper
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    $
    1,100
    
    
    $
    
    
    
    $
    1,100Corporate notes and bonds
    
    
    3,275
    
    
    
    1
    
    
    
    3,276
    
    
    
    4,519
    
    
    
    4
    
    
    
    4,5233,275
    
    
    
    1
    
    
    
    3,276
    
    
    
    5,619
    
    
    
    4
    
    
    
    5,623U.S. municipal funds
    
    
    2,080
    
    
    
    2
    
    
    
    2,082
    
    
    
    2,071
    
    
    
    3
    
    
    
    2,074U.S. government securities
    
    
    1,564
    
    
    
    1
    
    
    
    1,565
    
    
    
    6,833
    
    
    
    2
    
    
    
    6,835$
    6,919
    
    
    $
    4
    
    
    $
    6,923
    
    
    $
    14,523
    
    
    $
    9
    
    
    $
    14,532
 (4) Goodwill
  Reported balance at December 31, 2010
    
    $
    1,905Adjustment to Adapt
    
    
    12Adjustment to Aerial7
    
    
    3Reported balance at March 31, 2011
    
    $
    1,920
  5




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(5) Intangible Assets
  March 31, 2011
    
    
    December 31, 2010Average
    
    
    Gross
    
    
    
    
    
    
    Net
    
    
    Gross
    
    
    
    
    
    
    NetLife
    
    
    Intangible
    
    
    Accumulated
    
    
    Intangible
    
    
    Intangible
    
    
    Accumulated
    
    
    Intangible(Years)
    
    
    Assets
    
    
    Amortization
    
    
    Assets
    
    
    Assets
    
    
    Amortization
    
    
    AssetsAmortized intangible assets:Patents and trademarks
    
    
    3
    
    
    $
    4,910
    
    
    $
    (4,087
    )
    
    $
    823
    
    
    $
    4,576
    
    
    $
    (3,885
    )
    
    $
    691Non-compete agreements
    
    
    3
    
    
    
    170
    
    
    
    (34
    )
    
    
    136
    
    
    
    170
    
    
    
    (19
    )
    
    
    151Trade names
    
    
    8
    
    
    
    652
    
    
    
    (404
    )
    
    
    248
    
    
    
    652
    
    
    
    (375
    )
    
    
    277Customer intangibles
    
    
    5
    
    
    
    1,550
    
    
    
    (179
    )
    
    
    1,371
    
    
    
    1,550
    
    
    
    (102
    )
    
    
    1,448Distribution rights
    
    
    5
    
    
    
    375
    
    
    
    ( 13
    )
    
    
    362
    
    
    
    
    
    
    
    
    
    
    
    Proprietary process
    
    
    5
    
    
    
    850
    
    
    
    (86
    )
    
    
    764
    
    
    
    850
    
    
    
    (43
    )
    
    
    807Total amortizable
    
    
    
    
    
    
    8,507
    
    
    
    (4,803
    )
    
    
    3,704
    
    
    
    7,798
    
    
    
    (4,424
    )
    
    
    3,374Non-amortized intangible
assets:In process research and
development
    
    
    
    
    
    
    220
    
    
    
    
    
    
    
    220
    
    
    
    220
    
    
    
    
    
    
    
    220Total intangible assets
    
    
    
    
    
    $
    8,727
    
    
    $
    (4,803
    )
    
    $
    3,924
    
    
    $
    8,018
    
    
    $
    (4,424
    )
    
    $
    3,594
   (6) Stock-based Compensation
   2004 Directors Plan
    
    
    2004 Omnibus Plan
    
    
    Inducement GrantsWeighted
    
    
    
    
    
    
    Weighted
    
    
    
    
    
    
    WeightedAverage
    
    
    
    
    
    
    Average
    
    
    
    
    
    
    AverageValue per
    
    
    
    
    
    
    Value per
    
    
    
    
    
    
    Value perNumber
    
    
    Share
    
    
    Number
    
    
    Share
    
    
    Number
    
    
    ShareOutstanding, December 31, 2010
    
    
    72,276
    
    
    $
    1.42
    
    
    
    808,229
    
    
    $
    1.90
    
    
    
    1,425,000
    
    
    $
    1.91Granted
    
    
    
    
    
    
    
    
    
    
    31,750
    
    
    $
    3.72
    
    
    
    
    
    
    
    Canceled
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Released to common stock
    
    
    
    
    
    
    
    
    
    
    (182,713
    )
    
    $
    2.28
    
    
    
    (85,563
    )
    
    
    2.13Released for settlement of taxes
    
    
    
    
    
    
    
    
    
    
    (79,085
    )
    
    $
    2.31
    
    
    
    (39,437
    )
    
    
    2.13Outstanding, March 31, 2011
    
    
    72,276
    
    
    $
    1.42
    
    
    
    578,181
    
    
    $
    1.82
    
    
    
    1,300,000
    
    
    $
    1.89
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(7) Gain on Disposal of Assets and Other Income, net
  (8) Net Income (Loss) per Share
  Three Months EndedMarch 31,2011
    
    
    2010Basic net income (loss) per share computation:Numerator:Net income (loss)
    
    $
    (1,639
    )
    
    $
    769Denominator:Weighted average number of common shares outstanding
    
    
    33,026
    
    
    
    32,558Basic net income (loss) per share:
    
    $
    (0.05
    )
    
    $
    0.02Diluted net income (loss) per share computation:Numerator:Net income (loss)
    
    $
    (1,639
    )
    
    $
    769Denominator:Weighted average number of common shares outstanding
    
    
    33,026
    
    
    
    32,558Effect of dilutive stock options, warrants, and restricted stock units
    
    
    
    
    
    
    1,07633,026
    
    
    
    33,634Diluted net income (loss) per share:
    
    $
    (0.05
    )
    
    $
    0.02Stock options not included in dilutive loss per share since anti-dilutive
    
    
    
    
    
    
    35Warrants not included in dilutive loss per share since anti-dilutive
    
    
    5
    
    
    
    5
 (9) Comprehensive Income (Loss)
  Three Months EndedMarch 31,2011
    
    
    2010Net income (loss)
    
    $
    (1,639
    )
    
    $
    769Other comprehensive income:Unrealized gain (loss) on available for sale investments
    
    
    (5
    )
    
    
    (17
    )Foreign currency translation adjustments
    
    
    133
    
    
    
    (50
    )Total comprehensive income (loss)
    
    
    (1,511
    )
    
    
    702
 (10) Product Lines, Concentration of Credit Risk and Significant Customers
 7




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Three Months EndedMarch 31,2011
    
    
    2010Power
    
    $
    8,057
    
    
    $
    8,021Protection
    
    
    149
    
    
    
    Audio
    
    
    771
    
    
    
    Other accessories
    
    
    251
    
    
    
    147Total revenues
    
    $
    9,228
    
    
    $
    8,168
 Three Months EndedMarch 31,2011
    
    
    2010North America (principally United States)
    
    $
    6,843
    
    
    $
    7,182Europe
    
    
    1,823
    
    
    
    712Asia Pacific
    
    
    562
    
    
    
    274$
    9,228
    
    
    $
    8,168
      (11) Contingencies
  8




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ITEM 2.
    
    MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
   
    
    our dependence on large purchases from significant customers, namely Walmart and
RadioShack;
 
    
    our ability to expand and diversify our customer base;
 
    
    our reliance upon RadioShack and Walmart, as well as other distributors and resellers;
 
    
    our ability to expand our revenue base and development new products and product
enhancements;
 
    
    the sufficiency of our revenue to absorb expenses;
 
    
    fluctuations in our operating results because of: increases in product costs from our
supplies, our suppliers ability to perform, the timing of new product and technology
introductions and product enhancements, relative to our competitors, market acceptance of
our products, the size and timing of customer orders, our ability to effectively manage
inventory levels, delay or failure to fulfill orders for our products on a timely basis,
distribution of or changes in our revenue among distribution partners and retailers, our
inability to accurately forecast our contract manufacturing needs, difficulties with new
product production implementation or supply chain, product defects and other product
quality problems, the degree and rate of growth in our markets and the accompanying demand
for our
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products, our ability to expand our internal and external sales forces and build
the required infrastructure to meet anticipated growth, and seasonality of sales;
 
    
    increased focus on consumer electronics retailers on their own private label brands;
    
    decreasing sales prices on our products over their sales cycles;
    
    our ability to expand our revenue base and develop new products and product
enhancements;
    
    our failure to integrate acquired businesses, products and technologies;
    
    our reliance on and the risk relating to outsourced manufacturing fulfillment of our
products, including potential increases in manufacturing costs;
    
    our ability to manage our anticipated growth;
    
    our ability to manage our inventory levels;
    
    the negative impacts of product returns;
    
    design and performance issues with our products;
    
    liability claims;
    
    our failure to expand or protect our proprietary rights and intellectual property;
    
    intellectual property infringement claims against us;
    
    our ability to hire and retain qualified personnel;
    
    our ability to secure additional financing to meet our future capital needs;
    
    increased competition and/or reduced demand in our industry;
    
    our failure to comply with domestic and international laws and regulations;
    
    economic conditions, political events, war, terrorism, public health issues, natural
disasters and similar circumstances;
    
    volatility in our stock price;
    
    concentration of stock ownership among our executive officers and principal
stockholders;
    
    provisions in our certificate of incorporation, bylaws and Delaware law, as well as our
stockholder rights plan, that could make a proposed acquisition of the Company more
difficult; and
    
    dilution resulting from potential future stock issuances.
  iGo®, iGo Green®, Adapt Mobile®, andAerial7® are registered trademarks of iGo, Inc. or its
subsidiaries in the United States and other countries. Other names and brands may be claimed as
the property of others.
 Overview
   Power
 ®
 10




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Protection
  Audio
   Recent Developments
  Critical Accounting Policies and Estimates
  Results of Operations
  11




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Three months endedMarch 31,2011
    
    2010Revenue
    
    
    100.0
    %
    
    
    100.0
    %Cost of revenue
    
    
    69.0
    %
    
    
    67.5
    %Gross profit
    
    
    31.0
    %
    
    
    32.5
    %Operating expenses:Sales and marketing
    
    
    22.1
    %
    
    
    21.7
    %Research and development
    
    
    5.1
    %
    
    
    3.9
    %General and administrative
    
    
    22.1
    %
    
    
    20.0
    %Total operating expenses
    
    
    49.3
    %
    
    
    45.6
    %Loss from operations
    
    
    (18.3
    )%
    
    
    (13.1
    )%Other income:Interest, net
    
    
    0.2
    %
    
    
    0.6
    %Other, net
    
    
    0.3
    %
    
    
    21.9
    %Net income (loss)
    
    
    (17.8
    )%
    
    
    9.4
    %
 Comparison of Three Months Ended March 31, 2011 and 2010
 Revenue .
 Three Months
    
    Three MonthsEnded
    
    Ended
    
    Increase
    
    Percentage changeMarch 31,
    
    March 31,
    
    from same period
    
    from the same period2011
    
    2010
    
    in the prior year
    
    in the prior yearRevenue
    
    $
    9,228
    
    
    $
    8,168
    
    
    $
    1,060
    
    
    
    13.0
    %
  For the three months ended March 312011
    
    2010Sales
    
    % of Total Sales
    
    Sales
    
    % of Total Sales
    
    $ Change
    
    % ChangeWalmart
    
    
    2,202
    
    
    
    24
    %
    
    
    755
    
    
    
    9
    %
    
    
    1,447
    
    
    
    191.7
    %Belkin
    
    
    899
    
    
    
    10
    %
    
    
    644
    
    
    
    8
    %
    
    
    255
    
    
    
    39.6
    %Office Depot
    
    
    850
    
    
    
    9
    %
    
    
    
    
    
    
    
    
    
    
    850
    
    
    
    100.0
    %RadioShack
    
    
    505
    
    
    
    5
    %
    
    
    3,229
    
    
    
    40
    %
    
    
    (2,724
    )
    
    
    (84.4
    )%All other customers
    
    
    4,772
    
    
    
    52
    %
    
    
    3,540
    
    
    
    43
    %
    
    
    1,232
    
    
    
    34.8
    %9,228
    
    
    
    100
    %
    
    
    8,168
    
    
    
    100
    %
    
    
    1,060
    
    
    
    13.0
    %
  Cost of revenue, gross profit and gross margin .
 12




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Three Months
    
    Three MonthsEnded
    
    Ended
    
    Increase/(decrease)
    
    Percentage change fromMarch 31,
    
    March 31,
    
    from same period in
    
    the same period in the2011
    
    2010
    
    the prior year
    
    prior yearCost of revenue
    
    $
    6,369
    
    
    $
    5,517
    
    
    $
    852
    
    
    
    15.4
    %Gross profit
    
    $
    2,859
    
    
    $
    2,651
    
    
    $
    208
    
    
    
    7.8
    %Gross margin
    
    
    31.0
    %
    
    
    32.5
    %
    
    
    (1.5
    )%
    
    
    (4.6
    )%
  Sales and marketing .
 Three Months
    
    Three MonthsEnded
    
    Ended
    
    Increase
    
    Percentage changeMarch 31,
    
    March 31,
    
    from same period
    
    from the same period2011
    
    2010
    
    in the prior year
    
    in the prior yearSales and marketing
    
    $
    2,037
    
    
    $
    1,771
    
    
    $
    266
    
    
    
    15.0
    %
  Research and development .
 Three Months
    
    Three MonthsEnded
    
    Ended
    
    Increase from
    
    Percentage change fromMarch 31,
    
    March 31,
    
    same period
    
    the same period in the2011
    
    2010
    
    in the prior year
    
    prior yearResearch and development
    
    $
    471
    
    
    $
    319
    
    
    $
    152
    
    
    
    47.6
    %
  General and administrative.
 Three Months
    
    Three MonthsEnded
    
    Ended
    
    Increase
    
    Percentage changeMarch 31,
    
    March 31,
    
    from same period
    
    from the same period2011
    
    2010
    
    in the prior year
    
    in the prior yearGeneral and administrative
    
    $
    2,041
    
    
    $
    1,636
    
    
    $
    405
    
    
    
    24.8
    %
 13




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##### Table of Contents



Interest income, net.
 Gain on disposal of assets and other income, net .
 Income taxes .
 Operating Outlook
     14




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##### Table of Contents



Liquidity and Capital Resources
 Cash and Cash Flow
     Three Months Ended March 31,2011
    
    
    2010Net cash (used in) provided by operating activities
    
    $
    (1,145
    )
    
    $
    711Net cash provided by (used in) investing activities
    
    
    7,469
    
    
    
    (6,646
    )Net cash provided by financing activities
    
    
    
    
    
    
    Foreign currency exchange impact on cash flow
    
    
    133
    
    
    
    (50
    )Increase (decrease) in cash and cash equivalents
    
    $
    6,457
    
    
    $
    (5,985
    )Cash and cash equivalents at beginning of period
    
    $
    9,942
    
    
    $
    19,775Cash and cash equivalents at end of period
    
    $
    16,399
    
    
    $
    13,790
 
    
    Net cash (used in) provided by operating activities.Cash was used in our
operating activities for the three months ended March 31, 2011 to fund the working
capital needs of our business, including inventory purchases. We expect to continue to
use cash in operating activities through 2011 to support the anticipated growth of our
business.Our consolidated cash flow operating metrics are as follows:
 Quarter EndedMarch 31,2011
    
    2010Days outstanding in ending accounts receivable (DSOs)
    
    
    42
    
    
    
    60Inventory turns
    
    
    3
    
    
    
    5
 15




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##### Table of Contents



The decrease in DSOs at March 31, 2011 compared to March 31, 2010 was primarily due
to decrease in sales to RadioShack, which generally requires longer payment terms. We
expect DSOs will increase in 2011 as our revenue base increases. The decrease in
inventory turns was primarily due to the decline in revenue from sales to RadioShack, for
whom we hold no inventory. We expect to manage inventory growth during 2011 and we expect
inventory turns for the remainder of 2011 to remain consistent with the period ended
March 31, 2011.
    
    Net cash provided by (used in) investing activities.For the three months ended
March 31, 2011, net cash was generated by investing activities primarily as a result of
the sale of short-term investments.
    
    Net cash provided by financing activities.We had no cash flows from financing
activities during the first quarter of 2011 or 2010.
 Investments.
  Contractual Obligations.
 Payment due by period2011
    
    
    2012
    
    
    2013
    
    
    2014
    
    
    2015
    
    
    More than 5 yearsOperating lease obligations
    
    $
    333
    
    
    $
    452
    
    
    $
    463
    
    
    $
    83
    
    
    $
    
    
    
    $
    Inventory Purchase obligations
    
    
    11,571
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Totals
    
    $
    11,904
    
    
    $
    452
    
    
    $
    463
    
    
    $
    83
    
    
    $
    
    
    
    $
    
 Off-Balance Sheet Arrangements.
 Acquisitions and Dispositions.
 Net Operating Loss Carryforwards.
 Liquidity Outlook.
 16




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##### Table of Contents



Recent Accounting Pronouncements
  
 ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
    
 ITEM 4. CONTROLS AND PROCEDURES
 Evaluation of Disclosure Controls and Procedures
 Changes in Internal Control Over Financial Reporting
 17




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##### Table of Contents



PART II OTHER INFORMATION
 
 ITEM 1. LEGAL PROCEEDINGS
  
 ITEM 1A. RISK FACTORS
  
 ITEM 6. EXHIBITS
  18




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##### Table of Contents



IGO, INC. AND SUBSIDIARIES
 
 SIGNATURES
  IGO, INC.Dated: May 6, 2011
    By:
    /s/ Michael D. HeilMichael D. HeilPresident and Chief Executive Officer
(Principal Executive Officer)By:
    /s/ Darryl S. BakerDarryl S. BakerVice President and Chief Financial Officer
   and Authorized Officer of Registrant
(Principal Financial Officer) 19




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##### Table of Contents



EXHIBIT INDEX
 ExhibitNumber
    
    Description of Document3.1
    
    Certificate of Incorporation of the Company (1)3.2
    
    Articles of Amendment to the Certificate of Incorporation of the Company dated as of June 17, 1997 (2)3.3
    
    Articles of Amendment to the Certificate of Incorporation of the Company dated as of September 10, 1997 (1)3.4
    
    Articles of Amendment to the Certificate of Incorporation of the Company dated as of July 20, 1998 (1)3.5
    
    Articles of Amendment to the Certificate of Incorporation of the Company dated as of February 3, 2000 (1)3.6
    
    Articles of Amendment to the Certificate of Incorporation of the Company dated as of March 31, 2000 (2)3.7
    
    Certificate of Designations, Preferences, Rights and Limitations of Series G Junior Participating Preferred
Stock of the Company (3)3.8
    
    Certificate of Ownership and Merger Merging iGo Merger Sub Inc. with and into Mobility Electronics, Inc. (4)3.9
    
    Certificate of Elimination of Series C, Series D, Series E, and Series F Preferred Stock of the Company (4)3.10
    
    Fourth Amended and Restated Bylaws of the Company (5)10.1
    
    Second Amendment to the iGo, Inc. Omnibus Long-Term Incentive Plan+(6)10.2
    
    iGo, Inc. 2011 Executive Bonus Plan+(6)10.3
    
    Form of Restricted Stock Unit Award Agreement+(7)31.1
    
    Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002*31.2
    
    Certification of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002*32.1
    
    Certification of Chief Executive Officer and Chief Financial Officer Pursuant to Section 906 of the
Sarbanes-Oxley Act of 2002*
 
 *
    
    Filed/furnished herewith+
    
    Management or compensatory plan or agreement.(1)
    
    Previously filed as an exhibit to Registration Statement No. 333-30264 dated February 11,
2000.(2)
    
    Previously filed as an exhibit to Amendment No. 2 to Registration Statement No. 333-30264 on
Form S-1 dated May 4, 2000.(3)
    
    Previously filed as an exhibit to Current Report on Form 8-K filed June 19, 2003.(4)
    
    Previously filed as an exhibit to Current Report on Form 8-K dated May 21, 2008.(5)
    
    Previously filed as an exhibit to Form 10-K for the period ended December 31, 2008.(6)
    
    Previously filed as an exhibit to Current Report on Form 8-K filed April 26, 2011.(7)
    
    Previously filed as an exhibit to Current Report on Form 8-K filed May 3, 2011. 20