10-Q Filing

FIEE, INC. CIK: 1467761 Q2 2013

Filing Information

Form Type	10-Q
Accession Number	`0001354488-13-004518`
Period End Date	20130630
Filing Date	20130814
Fiscal Year	2013
Fiscal Period	Q2
XBRL Instance	zmtp-20130630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 76 Cash Flow Statement 44

Balance Sheet 48 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable allowances	`AllowanceForDoubtfulAccountsReceivable`	$811.90K	USD	Point-in-time
Accounts receivable allowances	`AllowanceForDoubtfulAccountsReceivable`	$571.17K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$644.37K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$63.36K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$195.70K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$44.48K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Marketable securities	`MarketableSecurities`	$44.00K	USD	Point-in-time
Marketable securities	`MarketableSecurities`	$32.80K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts receivable, net of allowances of $571,172 at June 30, 2013 and $811,897 at December 31, 2012	`AccountsReceivableNetCurrent`	$1.97M	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Accounts receivable, net of allowances of $571,172 at June 30, 2013 and $811,897 at December 31, 2012	`AccountsReceivableNetCurrent`	$1.90M	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	6.97M	shares	Point-in-time
Inventories	`InventoryNet`	$2.63M	USD	Point-in-time
Inventories	`InventoryNet`	$2.15M	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	6.97M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$246.81K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$261.69K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.10M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.37M	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$26.05K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$51.36K	USD	Point-in-time
Total assets	`Assets`	$4.42M	USD	Point-in-time
Total assets	`Assets`	$5.12M	USD	Point-in-time
Bank debt	`BankLoans`	$742.49K	USD	Point-in-time
Bank debt	`BankLoans`	$910.81K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$931.61K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$770.84K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$288.88K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$379.84K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.22M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.80M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.22M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.80M	USD	Point-in-time
Common stock, $0.01 par value: Authorized - 25,000,000 shares; issued 6,973,704 shares at June 30, 2013 and December 31, 2012, respectively	`CommonStockValue`	$69.74K	USD	Point-in-time
Common stock, $0.01 par value: Authorized - 25,000,000 shares; issued 6,973,704 shares at June 30, 2013 and December 31, 2012, respectively	`CommonStockValue`	$69.74K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$33.90M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$33.92M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-31.45M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-31.17M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$98.95K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$79.69K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.90M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.62M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$4.42M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$5.12M	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$3.83M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$3.00M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$5.82M	USD	2 Qtrs
Net sales	`SalesRevenueGoodsNet`	$7.81M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$1.96M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$4.08M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$2.91M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$5.90M	USD	2 Qtrs
Gross profit	`GrossProfit`	$920.05K	USD	1 Quarter
Gross profit	`GrossProfit`	$1.91M	USD	2 Qtrs
Gross profit	`GrossProfit`	$1.03M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.74M	USD	2 Qtrs
Selling	`SellingExpense`	$822.76K	USD	2 Qtrs
Selling	`SellingExpense`	$1.03M	USD	2 Qtrs
Selling	`SellingExpense`	$500.84K	USD	1 Quarter
Selling	`SellingExpense`	$400.09K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$693.88K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$299.10K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$354.35K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$613.75K	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$213.61K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$582.00K	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$321.60K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$472.12K	USD	2 Qtrs
Total	`OperatingExpenses`	$968.05K	USD	1 Quarter
Total	`OperatingExpenses`	$2.22M	USD	2 Qtrs
Total	`OperatingExpenses`	$1.99M	USD	2 Qtrs
Total	`OperatingExpenses`	$1.12M	USD	1 Quarter
Operating profit (loss)	`OperatingIncomeLoss`	$-201.48K	USD	1 Quarter
Operating profit (loss)	`OperatingIncomeLoss`	$-313.77K	USD	2 Qtrs
Operating profit (loss)	`OperatingIncomeLoss`	$66.19K	USD	1 Quarter
Operating profit (loss)	`OperatingIncomeLoss`	$-250.56K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$26.00	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$17.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$81.00	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$41.00	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-32.13K	USD	2 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$-15.80K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-8.80K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-9.58K	USD	2 Qtrs
Total other income (expense), net	`NonoperatingIncomeExpense`	$-32.10K	USD	2 Qtrs
Total other income (expense), net	`NonoperatingIncomeExpense`	$-15.78K	USD	1 Quarter
Total other income (expense), net	`NonoperatingIncomeExpense`	$-9.50K	USD	2 Qtrs
Total other income (expense), net	`NonoperatingIncomeExpense`	$-8.76K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-282.65K	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$50.41K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-323.27K	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-210.24K	USD	1 Quarter
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	$617.00	USD	1 Quarter
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	$1.86K	USD	2 Qtrs
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	$1.53K	USD	2 Qtrs
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	$1.02K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-210.86K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$49.39K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-284.18K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-325.13K	USD	2 Qtrs
Foreign currency translation adjustments	`ForeignCurrencyTransactionGainLossBeforeTax`	$5.01K	USD	2 Qtrs
Foreign currency translation adjustments	`ForeignCurrencyTransactionGainLossBeforeTax`	$-8.06K	USD	2 Qtrs
Foreign currency translation adjustments	`ForeignCurrencyTransactionGainLossBeforeTax`	$1.90K	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`	$-24.00K	USD	1 Quarter
Unrealized gain (loss) for the period	`UnrealizedGainLossForPeriod`	$920.00	USD	2 Qtrs
Unrealized gain (loss) for the period	`UnrealizedGainLossForPeriod`	$-11.20K	USD	2 Qtrs
Net comprehensive income (loss)	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$27.29K	USD	1 Quarter
Net comprehensive income (loss)	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$-219.60K	USD	1 Quarter
Net comprehensive income (loss)	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$-303.44K	USD	2 Qtrs
Net comprehensive income (loss)	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$-319.20K	USD	2 Qtrs
Basic and diluted net income (loss) per share	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	2 Qtrs
Basic and diluted net income (loss) per share	`EarningsPerShareBasicAndDiluted`	$0.01	USD	1 Quarter
Basic and diluted net income (loss) per share	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	2 Qtrs
Basic and diluted net income (loss) per share	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.97M	shares	2 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.97M	shares	2 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.97M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.97M	shares	1 Quarter

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-210.86K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$49.39K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-284.18K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-325.13K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$5.23K	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`	$20.92K	USD	2 Qtrs
(Reversal of) Provision for accounts receivable allowances	`ProvisionForDoubtfulAccounts`	$193.82K	USD	2 Qtrs
(Reversal of) Provision for accounts receivable allowances	`ProvisionForDoubtfulAccounts`	$-240.72K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$306.08K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-689.03K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$480.32K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-96.89K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$24.31K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$13.54K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-232.75K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-253.57K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$47.61K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.09M	USD	2 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.42K	USD	2 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$30.54K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-30.54K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-14.42K	USD	2 Qtrs
Net funds from bank credit lines	`ProceedsFromLinesOfCredit`	$526.00K	USD	2 Qtrs
Net funds from bank credit lines	`ProceedsFromLinesOfCredit`	$-168.31K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-168.31K	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`	$28.00	USD	2 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$122.00	USD	2 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-581.00K	USD	2 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-151.22K	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$644.37K	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`	$195.70K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$44.48K	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`	$63.36K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$195.70K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$44.48K	USD	Point-in-time
Cash paid during the period for: Interest	`InterestPaid`	$35.40K	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`	$1.53K	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.