$VISL
Vislink Technologies, Inc.

2015 Q2 Form 10-Q Financial Statement

#000114420415049998 Filed on August 14, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $374.0K $163.0K
YoY Change 129.45%
Cost Of Revenue $250.0K $40.00K
YoY Change 525.0%
Gross Profit $130.0K $120.0K
YoY Change 8.33%
Gross Profit Margin 34.76% 73.62%
Selling, General & Admin $1.950M $1.600M
YoY Change 21.88%
% of Gross Profit 1500.0% 1333.33%
Research & Development $1.112M $2.056M
YoY Change -45.91% 52.07%
% of Gross Profit 855.38% 1713.33%
Depreciation & Amortization $960.0K $960.0K
YoY Change 0.0% 10.34%
% of Gross Profit 738.46% 800.0%
Operating Expenses $1.112M $2.056M
YoY Change -45.91% 52.07%
Operating Profit -$3.888M -$4.487M
YoY Change -13.35% 42.63%
Interest Expense -$70.00K -$40.00K
YoY Change 75.0%
% of Operating Profit
Other Income/Expense, Net $26.00K $0.00
YoY Change
Pretax Income -$3.957M -$4.530M
YoY Change -12.65% 26.89%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$3.957M -$4.530M
YoY Change -12.65% 26.89%
Net Earnings / Revenue -1058.02% -2779.14%
Basic Earnings Per Share
Diluted Earnings Per Share -$1.376B -$14.29B
COMMON SHARES
Basic Shares Outstanding 24.12M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $160.0K $4.960M
YoY Change -96.77% 16433.33%
Cash & Equivalents $156.0K $4.960M
Short-Term Investments
Other Short-Term Assets $240.0K $70.00K
YoY Change 242.86% -89.06%
Inventory $3.560M $4.200M
Prepaid Expenses
Receivables $970.0K $996.0K
Other Receivables $0.00 $0.00
Total Short-Term Assets $4.920M $10.22M
YoY Change -51.87% 812.77%
LONG-TERM ASSETS
Property, Plant & Equipment $820.0K $806.0K
YoY Change 1.74% -48.33%
Goodwill
YoY Change
Intangibles $16.97M
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $16.57M $17.77M
YoY Change -6.77% -11.92%
TOTAL ASSETS
Total Short-Term Assets $4.920M $10.22M
Total Long-Term Assets $16.57M $17.77M
Total Assets $21.49M $28.00M
YoY Change -23.24% 31.44%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.620M $795.0K
YoY Change 103.77% -63.36%
Accrued Expenses $440.0K $1.005M
YoY Change -56.22% -79.19%
Deferred Revenue
YoY Change
Short-Term Debt $1.170M $0.00
YoY Change -100.0%
Long-Term Debt Due $110.0K $130.0K
YoY Change -15.38%
Total Short-Term Liabilities $4.770M $3.660M
YoY Change 30.33% -78.92%
LONG-TERM LIABILITIES
Long-Term Debt $2.070M $2.060M
YoY Change 0.49% 3.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $2.070M $2.060M
YoY Change 0.49% 3.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.770M $3.660M
Total Long-Term Liabilities $2.070M $2.060M
Total Liabilities $6.840M $5.716M
YoY Change 19.66% -70.48%
SHAREHOLDERS EQUITY
Retained Earnings -$161.2M
YoY Change
Common Stock $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $22.00K
YoY Change
Treasury Stock Shares 229.0 shares 2.284K shares
Shareholders Equity $14.65M $22.28M
YoY Change
Total Liabilities & Shareholders Equity $21.49M $28.00M
YoY Change -23.25% 31.46%

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income -$3.957M -$4.530M
YoY Change -12.65% 26.89%
Depreciation, Depletion And Amortization $960.0K $960.0K
YoY Change 0.0% 10.34%
Cash From Operating Activities -$1.260M -$4.110M
YoY Change -69.34% 28.44%
INVESTING ACTIVITIES
Capital Expenditures -$540.0K -$400.0K
YoY Change 35.0% -76.74%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$540.0K -$400.0K
YoY Change 35.0% -76.74%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.740M 8.780M
YoY Change -80.18% 88.01%
NET CHANGE
Cash From Operating Activities -1.260M -4.110M
Cash From Investing Activities -540.0K -400.0K
Cash From Financing Activities 1.740M 8.780M
Net Change In Cash -60.00K 4.270M
YoY Change -101.41% -1808.0%
FREE CASH FLOW
Cash From Operating Activities -$1.260M -$4.110M
Capital Expenditures -$540.0K -$400.0K
Free Cash Flow -$720.0K -$3.710M
YoY Change -80.59% 150.68%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2015Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
1000000 shares
CY2014Q4 xgti Sharebased Compensation Arrangement By Sharebased Payment Award Options And Warrants Outstanding Number
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsAndWarrantsOutstandingNumber
557997 shares
xgti Sharebased Compensation Arrangement By Sharebased Payment Award Options And Warrants Grants In Period Gross
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsAndWarrantsGrantsInPeriodGross
394250 shares
xgti Sharebased Compensation Arrangement By Sharebased Payment Award Options And Warrants Exercises In Period
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsAndWarrantsExercisesInPeriod
0 shares
CY2015Q2 xgti Sharebased Compensation Arrangement By Sharebased Payment Award Options And Warrants Outstanding Number
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsAndWarrantsOutstandingNumber
935132 shares
xgti Sharebased Compensation Arrangement By Sharebased Payment Award Options And Warrants Exercisable Number
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsAndWarrantsExercisableNumber
669205 shares
CY2014Q4 xgti Sharebased Compensation Arrangement By Sharebased Payment Award Options And Warrants Outstanding Weighted Average Exercise Price
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsAndWarrantsOutstandingWeightedAverageExercisePrice
96.78
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfers Net
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationTransfersNet
-673000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
4510000 USD
CY2015Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1802000 USD
CY2015Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
245000 USD
CY2014Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
41000 USD
CY2015Q2 us-gaap Sales Revenue Net
SalesRevenueNet
374000 USD
CY2014Q2 us-gaap Sales Revenue Net
SalesRevenueNet
163000 USD
CY2015Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2014Q2 us-gaap Net Income Loss
NetIncomeLoss
-4530000 USD
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
-3957000 USD
CY2015Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1112000 USD
CY2014Q2 us-gaap Share Based Compensation
ShareBasedCompensation
148000 USD
CY2015Q2 us-gaap Share Based Compensation
ShareBasedCompensation
145000 USD
CY2014Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
958000 USD
CY2015Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
958000 USD
CY2014Q2 us-gaap Costs And Expenses
CostsAndExpenses
4650000 USD
CY2015Q2 us-gaap Costs And Expenses
CostsAndExpenses
4262000 USD
CY2014Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-4487000 USD
CY2015Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-3888000 USD
CY2014Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-43000 USD
CY2015Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-48000 USD
CY2014Q2 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-43000 USD
CY2015Q2 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-69000 USD
CY2014Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-4530000 USD
CY2015Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-3957000 USD
CY2014Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2014Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.98
CY2015Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.40
CY2014Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
2283000 shares
CY2015Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
4533000 shares
CY2015Q2 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
5000 USD
CY2014Q2 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
0 USD
CY2015Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
2385000 USD
CY2014Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
0 USD
CY2015Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-6342000 USD
CY2014Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-4530000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3388000 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
575000 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
105000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
957000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
413000 USD
us-gaap Net Income Loss
NetIncomeLoss
-9683000 USD
xgti Sharebased Compensation Arrangements By Sharebased Payment Award Options And Warrants Grants In Period Weighted Average Exercise Price
SharebasedCompensationArrangementsBySharebasedPaymentAwardOptionsAndWarrantsGrantsInPeriodWeightedAverageExercisePrice
6.85
xgti Sharebased Compensation Arrangements By Sharebased Payment Award Options And Warrants Exercises In Period Weighted Average Exercise Price
SharebasedCompensationArrangementsBySharebasedPaymentAwardOptionsAndWarrantsExercisesInPeriodWeightedAverageExercisePrice
0
xgti Sharebased Compensation Arrangement By Sharebased Payment Award Options And Warrants Forfeitures And Expirations In Period Weighted Average Exercise Price
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsAndWarrantsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
116.22
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
0 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-10949000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-9683000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
279000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
4000 USD
us-gaap Net Income Loss
NetIncomeLoss
-7494000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
2661000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
361000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
278000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
1906000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
1918000 USD
us-gaap Costs And Expenses
CostsAndExpenses
10008000 USD
us-gaap Costs And Expenses
CostsAndExpenses
8820000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-9595000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-7863000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-88000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-95000 USD
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-88000 USD
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
369000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-9683000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-7494000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-4.65
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-2.90
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
2082000 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
3774000 shares
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
490000 USD
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
0 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
3455000 USD
us-gaap Stock Issued During Period Value Employee Benefit Plan
StockIssuedDuringPeriodValueEmployeeBenefitPlan
1069000 USD
xgti Stock Issued During Period Value Upon Conversion Of Related Party Debt
StockIssuedDuringPeriodValueUponConversionOfRelatedPartyDebt
1756000 USD
xgti Issuance Of Stock Under15 M Purchase Agreement
IssuanceOfStockUnder15MPurchaseAgreement
90000 USD
xgti Conversion Of Stock Series Preferred Stock
ConversionOfStockSeriesPreferredStock
528000 USD
xgti Conversion Of Stock Seriesb Preferred Stock Related Party Transactions
ConversionOfStockSeriesbPreferredStockRelatedPartyTransactions
703000 USD
xgti Conversion Of Stock Series B Preferred Stock Transactions
ConversionOfStockSeriesBPreferredStockTransactions
179000 USD
xgti Conversion Of Stock Series C Preferred Stock
ConversionOfStockSeriesCPreferredStock
1188000 USD
xgti Issuance Of Stock Under Series B Financing Related Party Transactions
IssuanceOfStockUnderSeriesBFinancingRelatedPartyTransactions
24000 USD
xgti Issuance Of Stock Under Financing Arrangement Related Party
IssuanceOfStockUnderFinancingArrangementRelatedParty
10000 USD
xgti Issuance Of Stock Under Series C Financing Arrangement
IssuanceOfStockUnderSeriesCFinancingArrangement
53000 USD
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
146000 USD
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
86000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
66000 USD
us-gaap Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
-464000 USD
us-gaap Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
0 USD
us-gaap Other Noncash Expense
OtherNoncashExpense
43000 USD
xgti Stock Issued During Period Value Upon Conversion Of Related Party Debt
StockIssuedDuringPeriodValueUponConversionOfRelatedPartyDebt
0 USD
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
2598000 USD
CY2014Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4960000 USD
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
5517000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-557000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-602000 USD
xgti Stock Issued As Payment Of Fees On Convertible Preferred Stock
StockIssuedAsPaymentOfFeesOnConvertiblePreferredStock
0 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
3779000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
8754000 USD
us-gaap Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
0 USD
us-gaap Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
2677000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
62000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
65000 USD
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
0 USD
us-gaap Liabilities Assumed1
LiabilitiesAssumed1
255000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-679000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-1297000 USD
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
565000 USD
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
1167000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
114000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
130000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-8632000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-3084000 USD
us-gaap Proceeds From Long Term Capital Lease Obligations
ProceedsFromLongTermCapitalLeaseObligations
0 USD
us-gaap Proceeds From Long Term Capital Lease Obligations
ProceedsFromLongTermCapitalLeaseObligations
77000 USD
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
955000 USD
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
726000 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
0 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-292000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
300000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-7000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-1047000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
732000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1285000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-511000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
213000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
329000 USD
us-gaap Other Noncash Expense
OtherNoncashExpense
0 USD
us-gaap Liabilities Assumed1
LiabilitiesAssumed1
0 USD
xgti Stock Issued As Payment For Fees
StockIssuedAsPaymentForFees
90000 USD
xgti Stock Issued As Payment For Fees
StockIssuedAsPaymentForFees
0 USD
us-gaap Stock Issued1
StockIssued1
0 USD
us-gaap Stock Issued1
StockIssued1
195000 USD
xgti Stock Issued As Payment Of Fees On Convertible Preferred Stock
StockIssuedAsPaymentOfFeesOnConvertiblePreferredStock
88000 USD
CY2015Q2 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 USD
us-gaap Effective Income Tax Rate Reconciliation Tax Settlements Domestic
EffectiveIncomeTaxRateReconciliationTaxSettlementsDomestic
0.5 pure
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1200000 shares
xgti Stock Issued During Period Non Convertible Debt
StockIssuedDuringPeriodNonConvertibleDebt
1000000000 USD
CY2015Q2 xgti Common Stock Held By Non Affiliates
CommonStockHeldByNonAffiliates
700000000 USD
CY2015Q2 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
2083000 USD
CY2015Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1676000 USD
CY2015Q2 us-gaap Inventory Gross
InventoryGross
3759000 USD
CY2015Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
200000 USD
CY2014Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
2084000 USD
CY2014Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
2186000 USD
CY2014Q4 us-gaap Inventory Gross
InventoryGross
4270000 USD
CY2014Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
200000 USD
CY2015Q2 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
563000 USD
CY2015Q2 us-gaap Accounts Receivable Related Parties Current
AccountsReceivableRelatedPartiesCurrent
488000 USD
CY2015Q2 us-gaap Accounts Receivable Gross
AccountsReceivableGross
1051000 USD
CY2014Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
252000 USD
CY2014Q4 us-gaap Accounts Receivable Related Parties Current
AccountsReceivableRelatedPartiesCurrent
480000 USD
CY2014Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
732000 USD
CY2015Q2 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
3059000 USD
CY2015Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2239000 USD
CY2014Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
2930000 USD
CY2014Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2114000 USD
us-gaap Depreciation
Depreciation
113000 USD
us-gaap Depreciation
Depreciation
126000 USD
CY2015Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
30000000 USD
CY2015Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
26900000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1793000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1792000 USD
us-gaap Amortization Of Regulatory Asset
AmortizationOfRegulatoryAsset
3100000 USD
CY2015Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
2802000 USD
CY2015Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
2802000 USD
CY2015Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
1188000 USD
CY2015Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
2334000 USD
CY2015Q2 us-gaap Capital Leases Future Minimum Payments Net Minimum Payments1
CapitalLeasesFutureMinimumPaymentsNetMinimumPayments1
194000 USD
CY2015Q2 us-gaap Capital Leases Future Minimum Payments Interest Included In Payments
CapitalLeasesFutureMinimumPaymentsInterestIncludedInPayments
16000 USD
CY2015Q2 us-gaap Capital Leases Future Minimum Payments Present Value Of Net Minimum Payments
CapitalLeasesFutureMinimumPaymentsPresentValueOfNetMinimumPayments
178000 USD
CY2015Q2 us-gaap Capital Leases Future Minimum Payments Remainder Of Fiscal Year
CapitalLeasesFutureMinimumPaymentsRemainderOfFiscalYear
105000 USD
CY2015Q2 us-gaap Capital Leases Future Minimum Payments Due In Two Years
CapitalLeasesFutureMinimumPaymentsDueInTwoYears
50000 USD
CY2015Q2 us-gaap Capital Leases Future Minimum Payments Due In Three Years
CapitalLeasesFutureMinimumPaymentsDueInThreeYears
32000 USD
CY2015Q2 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
2000000 USD
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
2023000 USD
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
81000 USD
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
84000 USD
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
87000 USD
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
22000 USD
us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
483000 USD
CY2015Q1 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
1.00
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Period Increase Decrease
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPeriodIncreaseDecrease
-490000 USD
CY2015Q2 xgti Sharebased Compensation Arrangement By Sharebased Payment Award Options And Warrants Outstanding Weighted Average Exercise Price
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsAndWarrantsOutstandingWeightedAverageExercisePrice
58.29
xgti Sharebased Compensation Arrangement By Sharebased Payment Award Options And Warrants Exercisable Weighted Average Exercise Price
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsAndWarrantsExercisableWeightedAverageExercisePrice
79.6
CY2014Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
270000 USD
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Purchases
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPurchases
772000 USD
us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Issues
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationIssues
441000 USD
xgti Payment Made In Stock
PaymentMadeInStock
0 USD
CY2015Q2 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
320000 USD
us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
150000 USD
CY2015Q2 us-gaap Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
1167000 USD
CY2014Q4 us-gaap Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
0 USD
CY2015Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2014Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2015Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
85000 USD
CY2014Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
30000 USD
CY2015Q2 xgti Accounts Receivable Related Parties Net Current
AccountsReceivableRelatedPartiesNetCurrent
488000 USD
CY2014Q4 xgti Accounts Receivable Related Parties Net Current
AccountsReceivableRelatedPartiesNetCurrent
480000 USD
CY2015Q2 xgti Deferred Revenue Related Party
DeferredRevenueRelatedParty
24000 USD
CY2014Q4 xgti Deferred Revenue Related Party
DeferredRevenueRelatedParty
480000 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: 0in 0in 0pt" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <i><font style="FONT-SIZE: 10pt">Use of Estimates</font></i></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">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.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2015Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.00001
CY2014Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.00001
CY2015Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2014Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
7000000 shares
CY2015Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2014Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2014Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2015Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00001
CY2014Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00001
CY2015Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2014Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2015Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
5029388 shares
CY2014Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
2617622 shares
CY2015Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
229 shares
CY2014Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
229 shares
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;MARGIN: 0in 0in 0pt" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <i><font style="FONT-SIZE: 10pt">Concentrations of Credit Risk</font></i></div> <font style="FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">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 accounts receivable. 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 $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">250,000</font>. 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 June 30, 2015. 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.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2015Q2 us-gaap Other Expenses
OtherExpenses
26000 USD
CY2014Q2 us-gaap Other Expenses
OtherExpenses
0 USD
us-gaap Other Expenses
OtherExpenses
26000 USD
us-gaap Other Expenses
OtherExpenses
0 USD
us-gaap Guarantees Indemnifications And Warranties Policies
GuaranteesIndemnificationsAndWarrantiesPolicies
<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: 0in 0in 0pt" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <i><font style="FONT-SIZE: 10pt">Warranty Reserve</font></i></div> <font style="FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">The Company established a warranty reserve policy effective for the fiscal year ending December 31, 2013. Although the Company tests its product in accordance with its quality programs and processes, its warranty obligation is affected by product failure rates and service delivery costs incurred in correcting a product failure. Should actual product failure rates or service costs differ from the Company&#8217;s estimates, which are based on limited historical data, where applicable, revisions to the estimated warranty liability would be required. The warranty reserve at June 30, 2015 and December 31, 2014 was $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">14,000</font> and $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">9,000</font>, respectively.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
xgti Stock Issued During Period Value Exchange For Payment Of Interest On Convertible Debt
StockIssuedDuringPeriodValueExchangeForPaymentOfInterestOnConvertibleDebt
90000 USD
CY2014 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
700000 shares
xgti Purchase Agreement Value
PurchaseAgreementValue
15000000 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 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 16 &#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 June 30, 2015, 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>
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
1167000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
8816000 USD
us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
150000 USD
us-gaap Stock Issued During Period Value Purchase Of Assets
StockIssuedDuringPeriodValuePurchaseOfAssets
15000000 USD
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
2297000 USD
us-gaap Indefinitelived Intangible Assets Acquired
IndefinitelivedIntangibleAssetsAcquired
1167000 USD
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
225000 USD
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
206000 USD
xgti Operating Leases Expiration Term
OperatingLeasesExpirationTerm
2016 through 2019
CY2015Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
3526000 USD
CY2015Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
12652000 USD
CY2013Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2013Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.00001
CY2015Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
20.00
CY2015Q2 xgti Percentage Of Deffered Revenue
PercentageOfDefferedRevenue
0.2 pure
CY2014 xgti Percentage Of Deffered Revenue
PercentageOfDefferedRevenue
0.2 pure
CY2015Q2 us-gaap Deferred Revenue
DeferredRevenue
188000 USD
CY2014Q4 us-gaap Deferred Revenue
DeferredRevenue
0 USD
xgti Payment Made In Stock
PaymentMadeInStock
923000 USD
CY2013Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
16382000 USD
xgti Sharebased Compensation Arrangement By Sharebased Payment Award Options And Warrants Forfeitures And Expirations In Period
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsAndWarrantsForfeituresAndExpirationsInPeriod
17115 shares

Files In Submission

Name View Source Status
0001144204-15-049998-index-headers.html Edgar Link pending
0001144204-15-049998-index.html Edgar Link pending
0001144204-15-049998.txt Edgar Link pending
0001144204-15-049998-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
v417934_10-q.htm Edgar Link pending
v417934_ex31-1.htm Edgar Link pending
v417934_ex31-2.htm Edgar Link pending
v417934_ex32-1.htm Edgar Link pending
v417934_ex32-2.htm Edgar Link pending
xgti-20150630.xml Edgar Link completed
xgti-20150630.xsd Edgar Link pending
xgti-20150630_cal.xml Edgar Link unprocessable
xgti-20150630_def.xml Edgar Link unprocessable
xgti-20150630_lab.xml Edgar Link unprocessable
xgti-20150630_pre.xml Edgar Link unprocessable