10-Q Filing

FIEE, INC. CIK: 1467761 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001354488-14-002625`
Period End Date	20140331
Filing Date	20140515
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	zmtp-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 38 Cash Flow Statement 44

Balance Sheet 48 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable allowances	`AllowanceForDoubtfulAccountsReceivable`	$571.18K	USD	Point-in-time
Accounts receivable allowances	`AllowanceForDoubtfulAccountsReceivable`	$640.46K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$55.39K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$194.71K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$195.70K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$39.31K	USD	Point-in-time
Accounts receivable, net of allowances of $571,177 at March 31, 2014 and $640,456 at December 31, 2013	`AccountsReceivableNetCurrent`	$1.67M	USD	Point-in-time
Accounts receivable, net of allowances of $571,177 at March 31, 2014 and $640,456 at December 31, 2013	`AccountsReceivableNetCurrent`	$1.86M	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
Inventories	`InventoryNet`	$1.71M	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Inventories	`InventoryNet`	$1.87M	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$242.88K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	7.98M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	7.98M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$225.15K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.01M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	7.98M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	7.98M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$3.67M	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$48.74K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$51.02K	USD	Point-in-time
Total assets	`Assets`	$4.06M	USD	Point-in-time
Total assets	`Assets`	$3.72M	USD	Point-in-time
Bank debt	`BankLoans`	$455.41K	USD	Point-in-time
Bank debt	`BankLoans`	$318.32K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$693.55K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$949.44K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$299.77K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$322.41K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.70M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.33M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.33M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.70M	USD	Point-in-time
Common stock, $0.01 par value: Authorized - 25,000,000 shares; issued and outstanding - 7,982,704 shares at March 31, 2014 and December 31, 2013, respectively	`CommonStockValue`	$79.83K	USD	Point-in-time
Common stock, $0.01 par value: Authorized - 25,000,000 shares; issued and outstanding - 7,982,704 shares at March 31, 2014 and December 31, 2013, respectively	`CommonStockValue`	$79.83K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$34.18M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$34.18M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-32.24M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-32.27M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$364.72K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$364.36K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.39M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.36M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$3.72M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$4.06M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$3.15M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$2.82M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$2.21M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$2.11M	USD	1 Quarter
Gross profit	`GrossProfit`	$703.97K	USD	1 Quarter
Gross profit	`GrossProfit`	$932.47K	USD	1 Quarter
Selling	`SellingExpense`	$352.78K	USD	1 Quarter
Selling	`SellingExpense`	$422.67K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$339.53K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$292.55K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$308.67K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$258.51K	USD	1 Quarter
Total	`OperatingExpenses`	$1.02M	USD	1 Quarter
Total	`OperatingExpenses`	$954.00K	USD	1 Quarter
Operating profit (loss)	`OperatingIncomeLoss`	$-316.74K	USD	1 Quarter
Operating profit (loss)	`OperatingIncomeLoss`	$-21.53K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$9.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$7.00	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-16.33K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-14.20K	USD	1 Quarter
Total other income (expense), net	`NonoperatingIncomeExpense`	$-14.19K	USD	1 Quarter
Total other income (expense), net	`NonoperatingIncomeExpense`	$-16.32K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-35.73K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-333.06K	USD	1 Quarter
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	$1.33K	USD	1 Quarter
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	$512.00	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-37.06K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-333.57K	USD	1 Quarter
Foreign currency translation adjustments	`ForeignCurrencyTransactionGainLossBeforeTax`	$362.00	USD	1 Quarter
Foreign currency translation adjustments	`ForeignCurrencyTransactionGainLossBeforeTax`	$-9.96K	USD	1 Quarter
Unrealized gain (loss) for the period	`UnrealizedGainLossForPeriod`	$12.80K	USD	1 Quarter
Unrealized gain (loss) for the period	`UnrealizedGainLossForPeriod`	-	USD	1 Quarter
Net comprehensive income (loss)	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$-330.73K	USD	1 Quarter
Net comprehensive income (loss)	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$-36.69K	USD	1 Quarter
Basic and diluted net income (loss) per share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted net income (loss) per share	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.97M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7.98M	shares	1 Quarter

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-37.06K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-333.57K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$3.02K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$2.29K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$5.77K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$10.89K	USD	1 Quarter
Provision for accounts receivable allowances	`ProvisionForDoubtfulAccounts`	$-44.47K	USD	1 Quarter
Provision for accounts receivable allowances	`ProvisionForDoubtfulAccounts`	$10.01K	USD	1 Quarter
Provision for inventory reserves	`ProvisionForInventoryReserves`	$-372.44K	USD	1 Quarter
Provision for inventory reserves	`ProvisionForInventoryReserves`	$-34.27K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-196.15K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$491.20K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$330.83K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-119.59K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-17.68K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$12.75K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$30.08K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$233.28K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-153.40K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$128.30K	USD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$19.41K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-19.41K	USD	1 Quarter
Net funds received from (paid to) bank credit lines	`ProceedsFromLinesOfCredit`	$137.09K	USD	1 Quarter
Net funds received from (paid to) bank credit lines	`ProceedsFromLinesOfCredit`	$-111.10K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-111.10K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$137.09K	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$230.00	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$1.22K	USD	1 Quarter
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-996.00	USD	1 Quarter
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-16.08K	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$55.39K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$194.71K	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`	$39.31K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$55.39K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$194.71K	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`	$39.31K	USD	Point-in-time
Cash paid during the period for: Interest	`InterestPaid`	$17.24K	USD	1 Quarter
Cash paid during the period for: Interest	`InterestPaid`	$14.37K	USD	1 Quarter
Cash paid during the period for: Income taxes	`IncomeTaxesPaid`	$512.00	USD	1 Quarter
Cash paid during the period for: Income taxes	`IncomeTaxesPaid`	$1.33K	USD	1 Quarter

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