10-Q Filing

FIEE, INC. CIK: 1467761 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0001354488-14-004188`
Period End Date	20140630
Filing Date	20140814
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	zmtp-20140630.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`	$484.77K	USD	Point-in-time
Accounts receivable allowances	`AllowanceForDoubtfulAccountsReceivable`	$640.46K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$53.68K	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$55.39K	USD	Point-in-time
Accounts receivable, net of allowances of $484,767 at June 30, 2014 and $640,456 at December 31, 2013	`AccountsReceivableNetCurrent`	$1.53M	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 $484,767 at June 30, 2014 and $640,456 at December 31, 2013	`AccountsReceivableNetCurrent`	$1.67M	USD	Point-in-time
Inventories	`InventoryNet`	$1.71M	USD	Point-in-time
Inventories	`InventoryNet`	$2.45M	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$225.15K	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`	$256.60K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	7.98M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$4.28M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.67M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	7.98M	shares	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$47.55K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$51.02K	USD	Point-in-time
Total assets	`Assets`	$4.33M	USD	Point-in-time
Total assets	`Assets`	$3.72M	USD	Point-in-time
Bank debt	`BankLoans`	$960.27K	USD	Point-in-time
Bank debt	`BankLoans`	$318.32K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$866.24K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$693.55K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$251.96K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$322.41K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.08M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.33M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.08M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.33M	USD	Point-in-time
Common stock, $0.01 par value: Authorized - 25,000,000 shares; issued and outstanding 7,982,704 shares at June 30, 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 June 30, 2014 and December 31, 2013, respectively	`CommonStockValue`	$79.83K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$34.19M	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`	$-32.38M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$366.46K	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`	$2.25M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$3.72M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$4.33M	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$5.79M	USD	2 Qtrs
Net sales	`SalesRevenueGoodsNet`	$2.64M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$3.00M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$5.82M	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`	$4.05M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$1.84M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.03M	USD	1 Quarter
Gross profit	`GrossProfit`	$799.69K	USD	1 Quarter
Gross profit	`GrossProfit`	$1.73M	USD	2 Qtrs
Gross profit	`GrossProfit`	$1.74M	USD	2 Qtrs
Selling	`SellingExpense`	$400.09K	USD	1 Quarter
Selling	`SellingExpense`	$707.83K	USD	2 Qtrs
Selling	`SellingExpense`	$822.76K	USD	2 Qtrs
Selling	`SellingExpense`	$355.06K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$238.11K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$530.66K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$693.88K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$354.35K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$472.12K	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$213.61K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$290.21K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$598.88K	USD	2 Qtrs
Total	`OperatingExpenses`	$968.05K	USD	1 Quarter
Total	`OperatingExpenses`	$1.84M	USD	2 Qtrs
Total	`OperatingExpenses`	$883.38K	USD	1 Quarter
Total	`OperatingExpenses`	$1.99M	USD	2 Qtrs
Operating profit (loss)	`OperatingIncomeLoss`	$-83.69K	USD	1 Quarter
Operating profit (loss)	`OperatingIncomeLoss`	$-250.56K	USD	2 Qtrs
Operating profit (loss)	`OperatingIncomeLoss`	$-105.22K	USD	2 Qtrs
Operating profit (loss)	`OperatingIncomeLoss`	$66.19K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$9.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$26.00	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$16.00	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$17.00	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-34.49K	USD	2 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$-15.80K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-20.29K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-32.13K	USD	2 Qtrs
Total other income (expense), net	`NonoperatingIncomeExpense`	$-20.28K	USD	1 Quarter
Total other income (expense), net	`NonoperatingIncomeExpense`	$-34.48K	USD	2 Qtrs
Total other income (expense), net	`NonoperatingIncomeExpense`	$-15.78K	USD	1 Quarter
Total other income (expense), net	`NonoperatingIncomeExpense`	$-32.10K	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-103.97K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-282.65K	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-139.70K	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$50.41K	USD	1 Quarter
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	$4.04K	USD	2 Qtrs
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	$2.71K	USD	1 Quarter
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	$1.02K	USD	1 Quarter
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	$1.53K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-143.74K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-284.18K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$49.39K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-106.68K	USD	1 Quarter
Foreign currency translation adjustments	`ForeignCurrencyTransactionGainLossBeforeTax`	$-8.06K	USD	2 Qtrs
Foreign currency translation adjustments	`ForeignCurrencyTransactionGainLossBeforeTax`	$1.74K	USD	1 Quarter
Foreign currency translation adjustments	`ForeignCurrencyTransactionGainLossBeforeTax`	$1.90K	USD	1 Quarter
Foreign currency translation adjustments	`ForeignCurrencyTransactionGainLossBeforeTax`	$2.10K	USD	2 Qtrs
Unrealized gain (loss) for the period	`UnrealizedGainLossForPeriod`	-	USD	1 Quarter
Unrealized gain (loss) for the period	`UnrealizedGainLossForPeriod`	-	USD	2 Qtrs
Unrealized gain (loss) for the period	`UnrealizedGainLossForPeriod`	$-24.00K	USD	1 Quarter
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`	$-303.44K	USD	2 Qtrs
Net comprehensive income (loss)	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$-141.63K	USD	2 Qtrs
Net comprehensive income (loss)	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$-104.94K	USD	1 Quarter
Basic and diluted net income (loss) per share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Basic and diluted net income (loss) per share	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	2 Qtrs
Basic and diluted net income (loss) per share	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	2 Qtrs
Basic and diluted net income (loss) per share	`EarningsPerShareBasicAndDiluted`	$0.01	USD	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.97M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7.98M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.97M	shares	2 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7.98M	shares	2 Qtrs

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-143.74K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-284.18K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$49.39K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-106.68K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$4.56K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$5.23K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$9.38K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$20.92K	USD	2 Qtrs
Provision for accounts receivable allowances	`ProvisionForDoubtfulAccounts`	$-4.68K	USD	2 Qtrs
Provision for accounts receivable allowances	`ProvisionForDoubtfulAccounts`	$-723.00	USD	2 Qtrs
Provision for inventory reserves	`ProvisionForInventoryReserves`	$-37.73K	USD	2 Qtrs
Provision for inventory reserves	`ProvisionForInventoryReserves`	$-13.90K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$70.04K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$148.52K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-770.71K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$466.42K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-31.26K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$13.54K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-253.57K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$102.39K	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`	$-643.84K	USD	2 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$30.54K	USD	2 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.08K	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`	$-1.08K	USD	2 Qtrs
Net funds received from (paid to) bank credit lines	`ProceedsFromLinesOfCredit`	$641.96K	USD	2 Qtrs
Net funds received from (paid to) 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`	$641.96K	USD	2 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$1.26K	USD	2 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$28.00	USD	2 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.71K	USD	2 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-151.22K	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$53.68K	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 beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$55.39K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$53.68K	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 and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$55.39K	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`	$34.28K	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`	$4.04K	USD	2 Qtrs

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