10-Q Filing

FIEE, INC. CIK: 1467761 Q2 2012

Filing Information

Form Type	10-Q
Accession Number	`0001354488-12-004157`
Period End Date	20120630
Filing Date	20120814
Fiscal Year	2012
Fiscal Period	Q2
XBRL Instance	zmtp-20120630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 76 Cash Flow Statement 46

Balance Sheet 48 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable allowances	`AllowanceForDoubtfulAccountsReceivable`	$624.48K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.01M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$63.36K	USD	Point-in-time
Accounts receivable allowances	`AllowanceForDoubtfulAccountsReceivable`	$818.30K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$644.37K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$924.39K	USD	Point-in-time
Marketable securities	`MarketableSecurities`	$83.20K	USD	Point-in-time
Marketable securities	`MarketableSecurities`	$82.28K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts receivable, net of allowances of $818,303 at June 30, 2012 and $624,481 at December 31, 2011	`AccountsReceivableNetCurrent`	$1.90M	USD	Point-in-time
Accounts receivable, net of allowances of $818,303 at June 30, 2012 and $624,481 at December 31, 2011	`AccountsReceivableNetCurrent`	$1.40M	USD	Point-in-time
Inventories	`InventoryNet`	$2.82M	USD	Point-in-time
Inventories	`InventoryNet`	$2.72M	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	6.97M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	6.97M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$185.35K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$161.52K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.03M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.03M	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$28.34K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$20.17K	USD	Point-in-time
Total assets	`Assets`	$5.05M	USD	Point-in-time
Total assets	`Assets`	$5.05M	USD	Point-in-time
Bank debt	`BankLoans`	-	USD	Point-in-time
Bank debt	`BankLoans`	$526.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$868.20K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.06M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$330.43K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$373.39K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.43M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.72M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.43M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.72M	USD	Point-in-time
Common stock, $0.01 par value: Authorized - 25,000,000 shares; issued and outstanding - 6,973,704 shares at June 30, 2012 and December 31, 2011	`CommonStockValue`	$69.74K	USD	Point-in-time
Common stock, $0.01 par value: Authorized - 25,000,000 shares; issued and outstanding - 6,973,704 shares at June 30, 2012 and December 31, 2011	`CommonStockValue`	$69.74K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$33.86M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$33.89M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-30.76M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-30.44M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$125.57K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$131.50K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.62M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.33M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$5.05M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$5.05M	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$7.81M	USD	2 Qtrs
Net sales	`SalesRevenueGoodsNet`	$3.17M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$5.97M	USD	2 Qtrs
Net sales	`SalesRevenueGoodsNet`	$3.83M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$5.90M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$2.91M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$4.42M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$2.42M	USD	1 Quarter
Gross profit	`GrossProfit`	$920.05K	USD	1 Quarter
Gross profit	`GrossProfit`	$1.56M	USD	2 Qtrs
Gross profit	`GrossProfit`	$1.91M	USD	2 Qtrs
Gross profit	`GrossProfit`	$748.45K	USD	1 Quarter
Selling	`SellingExpense`	$1.12M	USD	2 Qtrs
Selling	`SellingExpense`	$500.84K	USD	1 Quarter
Selling	`SellingExpense`	$582.16K	USD	1 Quarter
Selling	`SellingExpense`	$1.03M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$607.07K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$290.18K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$613.75K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$299.10K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$321.60K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$582.00K	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$273.81K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$511.36K	USD	2 Qtrs
Total	`OperatingExpenses`	$2.22M	USD	2 Qtrs
Total	`OperatingExpenses`	$1.12M	USD	1 Quarter
Total	`OperatingExpenses`	$2.24M	USD	2 Qtrs
Total	`OperatingExpenses`	$1.15M	USD	1 Quarter
Operating profit (loss)	`OperatingIncomeLoss`	$-680.89K	USD	2 Qtrs
Operating profit (loss)	`OperatingIncomeLoss`	$-201.48K	USD	1 Quarter
Operating profit (loss)	`OperatingIncomeLoss`	$-397.69K	USD	1 Quarter
Operating profit (loss)	`OperatingIncomeLoss`	$-313.77K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$41.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$81.00	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$435.00	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$107.00	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-8.80K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$70.69K	USD	2 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$72.26K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-9.58K	USD	2 Qtrs
Total other income (expense), net	`NonoperatingIncomeExpense`	$-9.50K	USD	2 Qtrs
Total other income (expense), net	`NonoperatingIncomeExpense`	$-8.76K	USD	1 Quarter
Total other income (expense), net	`NonoperatingIncomeExpense`	$72.36K	USD	1 Quarter
Total other income (expense), net	`NonoperatingIncomeExpense`	$71.12K	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-210.24K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-323.27K	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-609.76K	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-325.33K	USD	1 Quarter
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	$617.00	USD	1 Quarter
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	$906.00	USD	2 Qtrs
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	$1.86K	USD	2 Qtrs
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	$742.00	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-326.07K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-610.67K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-325.13K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-210.86K	USD	1 Quarter
Foreign currency translation adjustments	`ForeignCurrencyTransactionGainLossBeforeTax`	$5.81K	USD	2 Qtrs
Foreign currency translation adjustments	`ForeignCurrencyTransactionGainLossBeforeTax`	$5.01K	USD	2 Qtrs
Foreign currency translation adjustments	`ForeignCurrencyTransactionGainLossBeforeTax`	$-2.89K	USD	1 Quarter
Foreign currency translation adjustments	`ForeignCurrencyTransactionGainLossBeforeTax`	$-1.54K	USD	1 Quarter
Unrealized gain (loss) for the period	`UnrealizedGainLossForPeriod`	$-7.20K	USD	1 Quarter
Unrealized gain (loss) for the period	`UnrealizedGainLossForPeriod`	$920.00	USD	2 Qtrs
Unrealized gain (loss) for the period	`UnrealizedGainLossForPeriod`	$-58.27K	USD	1 Quarter
Unrealized gain (loss) for the period	`UnrealizedGainLossForPeriod`	$-135.63K	USD	2 Qtrs
Total comprehensive income (loss)	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$-219.60K	USD	1 Quarter
Total comprehensive income (loss)	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$-740.49K	USD	2 Qtrs
Total comprehensive income (loss)	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$-319.20K	USD	2 Qtrs
Total comprehensive income (loss)	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$-387.24K	USD	1 Quarter
Basic and diluted net income (loss) per share	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	2 Qtrs
Basic and diluted net income (loss) per share	`EarningsPerShareBasicAndDiluted`	$-0.11	USD	2 Qtrs
Basic and diluted net income (loss) per share	`EarningsPerShareBasicAndDiluted`	$-0.06	USD	1 Quarter
Basic and diluted net income (loss) per share	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.97M	shares	1 Quarter
Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	5.45M	shares	1 Quarter
Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.97M	shares	2 Qtrs
Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	5.45M	shares	2 Qtrs

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-326.07K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-610.67K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-325.13K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-210.86K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$15.74K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$6.25K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$26.73K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$54.76K	USD	2 Qtrs
(Reversal of) provision for accounts receivable allowances	`ProvisionForDoubtfulAccounts`	$-31.06K	USD	2 Qtrs
(Reversal of) provision for accounts receivable allowances	`ProvisionForDoubtfulAccounts`	$193.82K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-282.44K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-689.03K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-96.89K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-239.24K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$24.31K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-42.72K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.04M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-232.75K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.09M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-98.55K	USD	2 Qtrs
Proceeds from sale of Unity investment	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	-	USD	2 Qtrs
Proceeds from sale of Unity investment	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$16.14K	USD	2 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.42K	USD	2 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.75K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-14.42K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$13.39K	USD	2 Qtrs
Proceeds from bank loan	`ProceedsFromBankLoan`	$526.00K	USD	2 Qtrs
Proceeds from bank loan	`ProceedsFromBankLoan`	-	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$526.00K	USD	2 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$122.00	USD	2 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-453.00	USD	2 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-85.61K	USD	2 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-581.00K	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.01M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$63.36K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$644.37K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$924.39K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.01M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$63.36K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$644.37K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$924.39K	USD	Point-in-time
Cash paid during the period for: Interest	`InterestPaid`	-	USD	2 Qtrs
Cash paid during the period for: Interest	`InterestPaid`	$7.28K	USD	2 Qtrs
Cash paid during the period for: Income taxes	`IncomeTaxesPaid`	$906.00	USD	2 Qtrs
Cash paid during the period for: Income taxes	`IncomeTaxesPaid`	$1.86K	USD	2 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.