$VISL
Vislink Technologies Inc

2014 Q4 Form 10-Q Financial Statement

#000114420414064668 Filed on November 03, 2014

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2013 Q3
Revenue $70.00K $150.0K $33.00K
YoY Change -81.08% 354.55%
Cost Of Revenue $60.00K $0.00
YoY Change
Gross Profit $90.00K $30.00K
YoY Change 200.0%
Gross Profit Margin 60.0% 90.91%
Selling, General & Admin $1.630M $2.140M
YoY Change -23.83% 50.7%
% of Gross Profit 1811.11% 7133.33%
Research & Development $1.745M $1.776M
YoY Change -1.75% 52.58%
% of Gross Profit 1938.89% 5920.0%
Depreciation & Amortization $1.010M $950.0K $440.0K
YoY Change -4.72% 115.91% -13.73%
% of Gross Profit 1055.56% 1466.67%
Operating Expenses $5.470M $1.745M $1.776M
YoY Change 78.18% -1.75% 52.58%
Operating Profit -$4.237M -$4.323M
YoY Change -1.99% 39.59%
Interest Expense -$50.00K -$40.00K -$1.150M
YoY Change 25.0% -96.52% 666.67%
% of Operating Profit
Other Income/Expense, Net $440.0K $0.00 $10.07M
YoY Change -100.0%
Pretax Income -$5.010M -$4.281M -$15.93M
YoY Change 32.89% -73.12% 390.24%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$5.010M -$4.281M -$15.93M
YoY Change 32.89% -73.12% 390.24%
Net Earnings / Revenue -7157.14% -2854.0% -48266.67%
Basic Earnings Per Share
Diluted Earnings Per Share -$14.08B -$12.74B -$122.5B
COMMON SHARES
Basic Shares Outstanding 25.01M shares 24.20M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q4 2014 Q3 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $760.0K $1.890M $2.560M
YoY Change -86.23% -26.17%
Cash & Equivalents $758.0K $1.889M $2.558M
Short-Term Investments
Other Short-Term Assets $410.0K $480.0K $30.00K
YoY Change 720.0% 1500.0%
Inventory $4.070M $4.290M $1.038M
Prepaid Expenses
Receivables $702.0K $950.0K
Other Receivables $0.00 $0.00
Total Short-Term Assets $5.941M $7.610M $3.626M
YoY Change -44.06% 109.87%
LONG-TERM ASSETS
Property, Plant & Equipment $816.0K $750.0K $1.569M
YoY Change 1.24% -52.2%
Goodwill
YoY Change
Intangibles $16.38M $19.02M
YoY Change -9.97%
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $17.20M $17.35M $20.59M
YoY Change -9.49% -15.74%
TOTAL ASSETS
Total Short-Term Assets $5.941M $7.610M $3.626M
Total Long-Term Assets $17.20M $17.35M $20.59M
Total Assets $23.14M $24.96M $24.22M
YoY Change -21.89% 3.07%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $868.0K $690.0K $978.0K
YoY Change -52.85% -29.45%
Accrued Expenses $511.0K $1.000M $1.195M
YoY Change -33.81% -16.32%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $120.0K $130.0K $0.00
YoY Change -7.69%
Total Short-Term Liabilities $4.404M $3.280M $6.219M
YoY Change -13.44% -47.26%
LONG-TERM LIABILITIES
Long-Term Debt $2.000M $2.030M $2.000M
YoY Change -5.66% 1.5%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $2.000M $2.030M $2.000M
YoY Change -5.66% 1.5%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.404M $3.280M $6.219M
Total Long-Term Liabilities $2.000M $2.030M $2.000M
Total Liabilities $6.404M $5.300M $8.219M
YoY Change -11.13% -35.52%
SHAREHOLDERS EQUITY
Retained Earnings -$170.5M -$147.8M
YoY Change 12.52%
Common Stock $186.9M $163.8M
YoY Change 7.42%
Preferred Stock
YoY Change
Treasury Stock (at cost) $22.00K $22.00K
YoY Change 0.0%
Treasury Stock Shares 229.0 shares 2.284K shares 2.284K shares
Shareholders Equity $16.36M $19.66M $16.00M
YoY Change
Total Liabilities & Shareholders Equity $23.14M $24.96M $24.22M
YoY Change -21.89% 3.08%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2013 Q3
OPERATING ACTIVITIES
Net Income -$5.010M -$4.281M -$15.93M
YoY Change 32.89% -73.12% 390.24%
Depreciation, Depletion And Amortization $1.010M $950.0K $440.0K
YoY Change -4.72% 115.91% -13.73%
Cash From Operating Activities -$2.810M -$3.460M -$5.040M
YoY Change -54.38% -31.35% 267.88%
INVESTING ACTIVITIES
Capital Expenditures -$690.0K -$540.0K -$850.0K
YoY Change 109.09% -36.47% -26.72%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$690.0K -$540.0K -$850.0K
YoY Change 109.09% -36.47% -26.72%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.360M 940.0K 8.430M
YoY Change -75.0% -88.85% 251.25%
NET CHANGE
Cash From Operating Activities -2.810M -3.460M -5.040M
Cash From Investing Activities -690.0K -540.0K -850.0K
Cash From Financing Activities 2.360M 940.0K 8.430M
Net Change In Cash -1.140M -3.060M 2.540M
YoY Change -138.64% -220.47% -2053.85%
FREE CASH FLOW
Cash From Operating Activities -$2.810M -$3.460M -$5.040M
Capital Expenditures -$690.0K -$540.0K -$850.0K
Free Cash Flow -$2.120M -$2.920M -$4.190M
YoY Change -63.64% -30.31% 1895.24%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2014Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
24964000 USD
us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><b>NOTE 13 &#151; CONTINGENCIES</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Company is subject, from time to time, to claims by third parties under various legal theories. The defense of such claims, or any adverse outcome relating to any such claims, could have a material adverse effect on the Company&#8217;s liquidity, financial condition and cash flows. As of September 30, 2014, the Company did not have any legal actions pending.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2014Q3 us-gaap Stockholders Equity
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19664000 USD
us-gaap Use Of Estimates
UseOfEstimates
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <i>Use of Estimates</i></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <i>Concentrations of Credit Risk</i></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Company does not have any off-balance-sheet concentrations of credit risk. Credit risk is the risk that counterparty will default on its contractual obligations resulting in financial loss to the Company. The Company&#8217;s credit risk is primarily attributable to its cash and account receivables. The Company&#8217;s policy is to maintain its cash with high credit quality financial institutions to limit its risk of loss exposure. During the year, the Company had cash balances in excess of the federally insured limits of $250,000. The funds are on deposit with Wells Fargo Bank, N.A. Consequently, the Company does not believe that there is a significant risk having these balances in one financial institution. The Company has not experienced any losses in its bank accounts through September 30, 2014. For customers, management assesses the credit quality of the customer, taking into account its financial position, past experience and other factors. The majority of trade receivables are those of related parties and management does not expect any losses from non-performance of these parties.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
us-gaap Guarantees Indemnifications And Warranties Policies
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CY2014Q3 us-gaap Cash Fdic Insured Amount
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CY2013Q3 us-gaap Costs And Expenses
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CY2014Q3 us-gaap Costs And Expenses
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4387000 USD
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60000 USD
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1936000 USD
CY2014Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1495000 USD
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1776000 USD
CY2013Q3 us-gaap Share Based Compensation
ShareBasedCompensation
201000 USD
CY2014Q3 us-gaap Share Based Compensation
ShareBasedCompensation
131000 USD
CY2013Q3 us-gaap Depreciation And Amortization
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442000 USD
CY2014Q3 us-gaap Depreciation And Amortization
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956000 USD
CY2013Q3 us-gaap Operating Income Loss
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-4323000 USD
CY2014Q3 us-gaap Interest Income Expense Net
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CY2014Q3 us-gaap Other Operating Income Expense Net
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CY2014Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2014Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
15300000 USD
CY2014Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
26900000 USD
CY2014Q3 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
28200000 USD
us-gaap Amortization Of Intangible Assets
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1045000 USD
xgti Amortization Of Intangible Assets Accumulated Amortization
AmortizationOfIntangibleAssetsAccumulatedAmortization
1300000 USD
CY2014Q3 us-gaap Capital Leases Future Minimum Payments Due Current
CapitalLeasesFutureMinimumPaymentsDueCurrent
129000 USD
CY2014Q3 us-gaap Capital Leases Future Minimum Payments Due In Two Years
CapitalLeasesFutureMinimumPaymentsDueInTwoYears
31000 USD
CY2014Q3 us-gaap Capital Leases Future Minimum Payments Net Minimum Payments1
CapitalLeasesFutureMinimumPaymentsNetMinimumPayments1
160000 USD
CY2014Q3 us-gaap Capital Leases Future Minimum Payments Interest Included In Payments
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6000 USD
CY2014Q3 us-gaap Capital Leases Future Minimum Payments Present Value Of Net Minimum Payments
CapitalLeasesFutureMinimumPaymentsPresentValueOfNetMinimumPayments
154000 USD
CY2014Q3 us-gaap Capital Leases Future Minimum Payments Remainder Of Fiscal Year
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129000 USD
xgti Interest Rate On Capital Leases
InterestRateOnCapitalLeases
0.04 pure
us-gaap Sales Revenue Net
SalesRevenueNet
33000 USD
us-gaap Sales Revenue Net
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563000 USD
CY2013 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
5350000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
5230000 shares
xgti Stock Issued During Period Non Convertible Debt
StockIssuedDuringPeriodNonConvertibleDebt
1000000000 USD
CY2014Q3 xgti Common Stock Held By Non Affiliates
CommonStockHeldByNonAffiliates
700000000 USD
CY2014Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00001
CY2013Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00001
CY2014Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2013Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
300000000 shares
CY2014Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
24914103 shares
CY2013Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
18682310 shares
CY2014Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
2284 shares
CY2013Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
2284 shares
CY2014Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
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40000 USD
CY2013Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
16000 USD
CY2014Q3 xgti Accounts Receivable Related Parties Net Current
AccountsReceivableRelatedPartiesNetCurrent
461000 USD
CY2013Q4 xgti Accounts Receivable Related Parties Net Current
AccountsReceivableRelatedPartiesNetCurrent
470000 USD
CY2014Q3 us-gaap Allowance For Doubtful Other Receivables Current
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19000 USD
CY2013Q4 us-gaap Allowance For Doubtful Other Receivables Current
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10000 USD
CY2014Q3 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
1852000 USD
CY2013Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
2461000 USD
CY2014Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
2434000 USD
CY2013Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
455000 USD
CY2014Q3 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
509000 USD
CY2013Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
324000 USD
CY2014Q3 us-gaap Accounts Receivable Related Parties Current
AccountsReceivableRelatedPartiesCurrent
480000 USD
CY2013Q4 us-gaap Accounts Receivable Related Parties Current
AccountsReceivableRelatedPartiesCurrent
480000 USD
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AccountsReceivableGross
989000 USD
CY2013Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
804000 USD
CY2014Q3 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
2746000 USD
CY2013Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
2633000 USD
CY2014Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2000000 USD
CY2013Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1827000 USD
us-gaap Depreciation
Depreciation
266000 USD
us-gaap Depreciation
Depreciation
173000 USD
us-gaap Indefinitelived Intangible Assets Acquired
IndefinitelivedIntangibleAssetsAcquired
1105000 USD
us-gaap Amortization Of Intangible Assets
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2689000 USD
CY2014Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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3593000 USD
CY2014Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
3481000 USD
CY2014Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
3068000 USD
CY2014Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
3030000 USD
CY2014Q3 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
2128000 USD
CY2014Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
-15928000 USD
CY2014Q3 us-gaap Net Income Loss
NetIncomeLoss
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CY2013Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
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CY2014Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.18
CY2013Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
9365000 shares
CY2014Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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24195000 shares
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33000 USD
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us-gaap Labor And Related Expense
LaborAndRelatedExpense
165000 USD
us-gaap General And Administrative Expense
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4442000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
4621000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
4775000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
6255000 USD
CY2014Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1745000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
537000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
492000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
1312000 USD
us-gaap Depreciation And Amortization
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2862000 USD
us-gaap Costs And Expenses
CostsAndExpenses
11067000 USD
us-gaap Costs And Expenses
CostsAndExpenses
14395000 USD
us-gaap Operating Income Loss
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us-gaap Operating Income Loss
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us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
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us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
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us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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-13964000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2013Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Earnings Per Share Basic And Diluted
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us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
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us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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7623000 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
21917000 shares
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2062000 USD
CY2014Q3 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
304000 USD
CY2014Q3 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
2620000 USD
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
218000 USD
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
327000 USD
xgti Operating Leases Expiration Term
OperatingLeasesExpirationTerm
2014 through 2019
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
8815655 USD
CY2014Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
0 USD
us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
225000 USD
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
35000 USD
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
233000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
24000 USD
us-gaap Accretion Expense
AccretionExpense
176000 USD
us-gaap Accretion Expense
AccretionExpense
0 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
0 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
185000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1038000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1369000 USD
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
340000 USD
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
22000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
323000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-1153000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
223000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
203000 USD
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
1907000 USD
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
0 USD
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
1241000 USD
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
805000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-8241000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-12094000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
110000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
114000 USD
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
2459000 USD
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
1105000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-2569000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-1219000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
0 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
92000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
450000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0 USD
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
4994000 USD
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
0 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
7778000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
13097000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
9685000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
2287000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-3628000 USD
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
271000 USD
CY2013Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2558000 USD
us-gaap Stock Issued1
StockIssued1
0 USD
us-gaap Stock Issued1
StockIssued1
272000 USD
us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
15000000 USD
us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
0 USD
xgti Other Debt Conversion Converted Instrument
OtherDebtConversionConvertedInstrument
9023000 USD
xgti Other Debt Conversion Converted Instrument
OtherDebtConversionConvertedInstrument
0 USD
xgti Due To Related Party Refinanced Under Bridge Loan
DueToRelatedPartyRefinancedUnderBridgeLoan
1393000 USD
xgti Due To Related Party Refinanced Under Bridge Loan
DueToRelatedPartyRefinancedUnderBridgeLoan
0 USD
xgti Stock Issued As Payment For Interest On Debt
StockIssuedAsPaymentForInterestOnDebt
90000 USD
xgti Stock Issued As Payment For Interest On Debt
StockIssuedAsPaymentForInterestOnDebt
90000 USD
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
2727000 USD
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
0 USD
xgti Inducement Expense
InducementExpense
391000 USD
xgti Inducement Expense
InducementExpense
0 USD
CY2013Q3 xgti Inducement Expense
InducementExpense
391000 USD
CY2014Q3 xgti Inducement Expense
InducementExpense
0 USD
us-gaap Other Expenses
OtherExpenses
10068000 USD
us-gaap Other Expenses
OtherExpenses
0 USD
CY2013Q3 us-gaap Other Expenses
OtherExpenses
10068000 USD
CY2014Q3 us-gaap Other Expenses
OtherExpenses
0 USD
xgti Other Noncash Interest Expense
OtherNoncashInterestExpense
601000 USD
xgti Other Noncash Interest Expense
OtherNoncashInterestExpense
45000 USD
us-gaap Nonmonetary Transaction Gain Loss Recognized On Transfer
NonmonetaryTransactionGainLossRecognizedOnTransfer
0 USD
us-gaap Nonmonetary Transaction Gain Loss Recognized On Transfer
NonmonetaryTransactionGainLossRecognizedOnTransfer
65000 USD
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
125000 USD
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
0 USD
xgti Interest And Fees Refinanced Under Bridge Loan
InterestAndFeesRefinancedUnderBridgeLoan
5408000 USD
xgti Interest And Fees Refinanced Under Bridge Loan
InterestAndFeesRefinancedUnderBridgeLoan
0 USD
xgti Related Party Amount Refinanced Under Bridge Loan
RelatedPartyAmountRefinancedUnderBridgeLoan
1013000 USD
xgti Related Party Amount Refinanced Under Bridge Loan
RelatedPartyAmountRefinancedUnderBridgeLoan
0 USD
dei Document Type
DocumentType
10-Q
dei Amendment Flag
AmendmentFlag
false
dei Document Period End Date
DocumentPeriodEndDate
2014-09-30
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Registrant Name
EntityRegistrantName
xG TECHNOLOGY, INC.
dei Entity Central Index Key
EntityCentralIndexKey
0001565228
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
dei Trading Symbol
TradingSymbol
XGTI
CY2014Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
25014103 shares
CY2014Q3 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
82000 USD
CY2014Q3 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
84000 USD
CY2014Q3 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
88000 USD
xgti Stock Issued As Payment For Fees
StockIssuedAsPaymentForFees
0 USD
xgti Stock Issued As Payment For Fees
StockIssuedAsPaymentForFees
346000 USD
xgti Net Proceeds From Issuance Of Common Stock
NetProceedsFromIssuanceOfCommonStock
0 USD
xgti Net Proceeds From Issuance Of Common Stock
NetProceedsFromIssuanceOfCommonStock
9777000 USD

Files In Submission

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0001144204-14-064668-index-headers.html Edgar Link pending
0001144204-14-064668-index.html Edgar Link pending
0001144204-14-064668.txt Edgar Link pending
0001144204-14-064668-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
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report.css Edgar Link pending
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v391250_10q.htm Edgar Link pending
v391250_ex31-1.htm Edgar Link pending
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v391250_ex32-1.htm Edgar Link pending
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xgti-20140930.xml Edgar Link completed
xgti-20140930.xsd Edgar Link pending
xgti-20140930_cal.xml Edgar Link unprocessable
xgti-20140930_def.xml Edgar Link unprocessable
xgti-20140930_lab.xml Edgar Link unprocessable
xgti-20140930_pre.xml Edgar Link unprocessable