10-Q Filing

FIEE, INC. CIK: 1467761 Q3 2012

Filing Information

Form Type	10-Q
Accession Number	`0001354488-12-005842`
Period End Date	20120930
Filing Date	20121114
Fiscal Year	2012
Fiscal Period	Q3
XBRL Instance	zmtp-20120930.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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$797.85K	USD	Point-in-time
Accounts receivable allowances	`AllowanceForDoubtfulAccountsReceivable`	$843.53K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$178.32K	USD	Point-in-time
Accounts receivable allowances	`AllowanceForDoubtfulAccountsReceivable`	$624.48K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$644.37K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.01M	USD	Point-in-time
Marketable securities	`MarketableSecurities`	$82.28K	USD	Point-in-time
Marketable securities	`MarketableSecurities`	$70.40K	USD	Point-in-time
Accounts receivable, net of allowances of $843,530 at September 30, 2012 and $624,481 at December 31, 2011	`AccountsReceivableNetCurrent`	$1.88M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts receivable, net of allowances of $843,530 at September 30, 2012 and $624,481 at December 31, 2011	`AccountsReceivableNetCurrent`	$1.40M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Inventories	`InventoryNet`	$2.72M	USD	Point-in-time
Inventories	`InventoryNet`	$3.14M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$170.61K	USD	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
Common stock, issued	`CommonStockSharesIssued`	6.97M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$5.03M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.44M	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$20.17K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$30.80K	USD	Point-in-time
Total assets	`Assets`	$5.47M	USD	Point-in-time
Total assets	`Assets`	$5.05M	USD	Point-in-time
Bank debt	`BankLoans`	-	USD	Point-in-time
Bank debt	`BankLoans`	$796.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.15M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.06M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$350.07K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$373.39K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.29M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.43M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.43M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.29M	USD	Point-in-time
Common stock, $0.01 par value: Authorized - 25,000,000 shares; issued - 6,973,704 shares at September 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 - 6,973,704 shares at September 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`	$33.90M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-30.92M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-30.44M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$125.78K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$125.57K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.18M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.62M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$5.05M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$5.47M	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$3.43M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$3.05M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$9.02M	USD	3 Qtrs
Net sales	`SalesRevenueGoodsNet`	$11.24M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$6.71M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$2.29M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$2.58M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$8.48M	USD	3 Qtrs
Gross profit	`GrossProfit`	$2.32M	USD	3 Qtrs
Gross profit	`GrossProfit`	$859.30K	USD	1 Quarter
Gross profit	`GrossProfit`	$759.29K	USD	1 Quarter
Gross profit	`GrossProfit`	$2.77M	USD	3 Qtrs
Selling	`SellingExpense`	$477.04K	USD	1 Quarter
Selling	`SellingExpense`	$1.46M	USD	3 Qtrs
Selling	`SellingExpense`	$431.59K	USD	1 Quarter
Selling	`SellingExpense`	$1.60M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$917.15K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$310.07K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$908.46K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$294.71K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$848.79K	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$266.78K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$747.10K	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$235.73K	USD	1 Quarter
Total	`OperatingExpenses`	$3.22M	USD	3 Qtrs
Total	`OperatingExpenses`	$3.26M	USD	3 Qtrs
Total	`OperatingExpenses`	$993.08K	USD	1 Quarter
Total	`OperatingExpenses`	$1.02M	USD	1 Quarter
Operating profit (loss)	`OperatingIncomeLoss`	$-133.78K	USD	1 Quarter
Operating profit (loss)	`OperatingIncomeLoss`	$-263.56K	USD	1 Quarter
Operating profit (loss)	`OperatingIncomeLoss`	$-944.45K	USD	3 Qtrs
Operating profit (loss)	`OperatingIncomeLoss`	$-447.55K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$94.00	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$465.00	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$13.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$30.00	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-29.59K	USD	3 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$-682.00	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-20.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$70.01K	USD	3 Qtrs
Total other income (expense), net	`NonoperatingIncomeExpense`	$-19.99K	USD	1 Quarter
Total other income (expense), net	`NonoperatingIncomeExpense`	$-29.49K	USD	3 Qtrs
Total other income (expense), net	`NonoperatingIncomeExpense`	$70.47K	USD	3 Qtrs
Total other income (expense), net	`NonoperatingIncomeExpense`	$-652.00	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-264.22K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-153.77K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-477.05K	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-873.98K	USD	3 Qtrs
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	$2.65K	USD	3 Qtrs
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	$1.45K	USD	3 Qtrs
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	$795.00	USD	1 Quarter
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	$542.00	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-875.43K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-264.76K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-154.57K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-479.70K	USD	3 Qtrs
Foreign currency translation adjustments	`ForeignCurrencyTransactionGainLossBeforeTax`	$-8.87K	USD	1 Quarter
Foreign currency translation adjustments	`ForeignCurrencyTransactionGainLossBeforeTax`	$-3.05K	USD	3 Qtrs
Foreign currency translation adjustments	`ForeignCurrencyTransactionGainLossBeforeTax`	$12.09K	USD	3 Qtrs
Foreign currency translation adjustments	`ForeignCurrencyTransactionGainLossBeforeTax`	$7.08K	USD	1 Quarter
Unrealized gain (loss) for the period	`UnrealizedGainLossForPeriod`	$-12.80K	USD	1 Quarter
Unrealized gain (loss) for the period	`UnrealizedGainLossForPeriod`	$-11.88K	USD	3 Qtrs
Unrealized gain (loss) for the period	`UnrealizedGainLossForPeriod`	$-71.15K	USD	1 Quarter
Unrealized gain (loss) for the period	`UnrealizedGainLossForPeriod`	$-206.79K	USD	3 Qtrs
Total comprehensive income (loss)	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$-479.49K	USD	3 Qtrs
Total comprehensive income (loss)	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$-160.29K	USD	1 Quarter
Total comprehensive income (loss)	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$-344.78K	USD	1 Quarter
Total comprehensive income (loss)	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$-1.09M	USD	3 Qtrs
Basic and diluted net income (loss) per share	`EarningsPerShareBasicAndDiluted`	$-0.07	USD	3 Qtrs
Basic and diluted net income (loss) per share	`EarningsPerShareBasicAndDiluted`	$-0.16	USD	3 Qtrs
Basic and diluted net income (loss) per share	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	1 Quarter
Basic and diluted net income (loss) per share	`EarningsPerShareBasicAndDiluted`	$-0.02	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	3 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	5.45M	shares	3 Qtrs

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-875.43K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-264.76K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-154.57K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-479.70K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$4.22K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$20.12K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$97.33K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$34.11K	USD	3 Qtrs
Provision for accounts receivable allowances	`ProvisionForDoubtfulAccounts`	$219.05K	USD	3 Qtrs
Provision for accounts receivable allowances	`ProvisionForDoubtfulAccounts`	$157.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-689.85K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-89.95K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-418.94K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$246.74K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$16.61K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-29.47K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$243.35K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$67.46K	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.25M	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-230.32K	USD	3 Qtrs
Proceeds from sale of Unity investment	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$16.14K	USD	3 Qtrs
Proceeds from sale of Unity investment	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	-	USD	3 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.85K	USD	3 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.55K	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-14.85K	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$14.60K	USD	3 Qtrs
Funds from bank loan	`ProceedsFromBankLoan`	$796.00K	USD	3 Qtrs
Funds from bank loan	`ProceedsFromBankLoan`	-	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$796.00K	USD	3 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$3.58K	USD	3 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-152.00	USD	3 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-212.15K	USD	3 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-466.04K	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$797.85K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$178.32K	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`	$1.01M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$797.85K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$178.32K	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`	$1.01M	USD	Point-in-time
Cash paid during the period for: Interest	`InterestPaid`	-	USD	3 Qtrs
Cash paid during the period for: Interest	`InterestPaid`	$28.03K	USD	3 Qtrs
Cash paid during the period for: Income taxes	`IncomeTaxesPaid`	$1.45K	USD	3 Qtrs
Cash paid during the period for: Income taxes	`IncomeTaxesPaid`	$2.04K	USD	3 Qtrs

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