10-Q Filing

FIEE, INC. CIK: 1467761 Q3 2014

Filing Information

Form Type	10-Q
Accession Number	`0001354488-14-005722`
Period End Date	20140930
Filing Date	20141114
Fiscal Year	2014
Fiscal Period	Q3
XBRL Instance	zmtp-20140930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 76 Cash Flow Statement 48

Balance Sheet 48 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable allowances	`AllowanceForDoubtfulAccountsReceivable`	$444.04K	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`	$50.80K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$206.42K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$195.70K	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 $444,039 at September 30, 2014 and $640,456 at December 31, 2013	`AccountsReceivableNetCurrent`	$1.67M	USD	Point-in-time
Accounts receivable, net of allowances of $444,039 at September 30, 2014 and $640,456 at December 31, 2013	`AccountsReceivableNetCurrent`	$2.00M	USD	Point-in-time
Inventories	`InventoryNet`	$1.71M	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`	$1.43M	USD	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
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$258.73K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	7.98M	shares	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
Total current assets	`AssetsCurrent`	$3.89M	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$49.58K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$51.02K	USD	Point-in-time
Total assets	`Assets`	$3.94M	USD	Point-in-time
Total assets	`Assets`	$3.72M	USD	Point-in-time
Bank debt	`BankLoans`	$318.32K	USD	Point-in-time
Bank debt	`BankLoans`	$689.38K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$698.48K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$693.55K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$322.41K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$276.26K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.33M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.66M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.66M	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`	$-32.36M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-32.24M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$364.36K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$362.12K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.39M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.27M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$3.72M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$3.94M	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$8.36M	USD	3 Qtrs
Net sales	`SalesRevenueGoodsNet`	$3.40M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$9.19M	USD	3 Qtrs
Net sales	`SalesRevenueGoodsNet`	$2.55M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$5.99M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$6.53M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$1.91M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$2.48M	USD	1 Quarter
Gross profit	`GrossProfit`	$639.98K	USD	1 Quarter
Gross profit	`GrossProfit`	$924.40K	USD	1 Quarter
Gross profit	`GrossProfit`	$2.66M	USD	3 Qtrs
Gross profit	`GrossProfit`	$2.38M	USD	3 Qtrs
Selling	`SellingExpense`	$1.16M	USD	3 Qtrs
Selling	`SellingExpense`	$352.90K	USD	1 Quarter
Selling	`SellingExpense`	$334.76K	USD	1 Quarter
Selling	`SellingExpense`	$1.06M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$313.72K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.01M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$257.64K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$788.31K	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$265.39K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$225.82K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$697.94K	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$864.27K	USD	3 Qtrs
Total	`OperatingExpenses`	$874.30K	USD	1 Quarter
Total	`OperatingExpenses`	$2.71M	USD	3 Qtrs
Total	`OperatingExpenses`	$875.94K	USD	1 Quarter
Total	`OperatingExpenses`	$2.86M	USD	3 Qtrs
Operating profit (loss)	`OperatingIncomeLoss`	$-234.32K	USD	1 Quarter
Operating profit (loss)	`OperatingIncomeLoss`	$-56.75K	USD	3 Qtrs
Operating profit (loss)	`OperatingIncomeLoss`	$48.46K	USD	1 Quarter
Operating profit (loss)	`OperatingIncomeLoss`	$-484.88K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$7.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$23.00	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$33.00	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$7.00	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-16.62K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-24.31K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-58.80K	USD	3 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$-48.75K	USD	3 Qtrs
Total other income (expense), net	`NonoperatingIncomeExpense`	$-24.30K	USD	1 Quarter
Total other income (expense), net	`NonoperatingIncomeExpense`	$-58.78K	USD	3 Qtrs
Total other income (expense), net	`NonoperatingIncomeExpense`	$-16.62K	USD	1 Quarter
Total other income (expense), net	`NonoperatingIncomeExpense`	$-48.72K	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$24.16K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-533.60K	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-250.94K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-115.53K	USD	3 Qtrs
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	$1.21K	USD	1 Quarter
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	$2.73K	USD	3 Qtrs
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	$5.84K	USD	3 Qtrs
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	$1.80K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-121.37K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-536.33K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$22.37K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-252.15K	USD	1 Quarter
Foreign currency translation adjustments	`ForeignCurrencyTransactionGainLossBeforeTax`	$2.53K	USD	1 Quarter
Foreign currency translation adjustments	`ForeignCurrencyTransactionGainLossBeforeTax`	$-5.53K	USD	3 Qtrs
Foreign currency translation adjustments	`ForeignCurrencyTransactionGainLossBeforeTax`	$-4.34K	USD	1 Quarter
Foreign currency translation adjustments	`ForeignCurrencyTransactionGainLossBeforeTax`	$-2.23K	USD	3 Qtrs
Unrealized gain (loss) for the period	`UnrealizedGainLossForPeriod`	-	USD	3 Qtrs
Unrealized gain (loss) for the period	`UnrealizedGainLossForPeriod`	$-24.00K	USD	3 Qtrs
Unrealized gain (loss) for the period	`UnrealizedGainLossForPeriod`	-	USD	1 Quarter
Unrealized gain (loss) for the period	`UnrealizedGainLossForPeriod`	$-12.80K	USD	1 Quarter
Total comprehensive income (loss)	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$-123.60K	USD	3 Qtrs
Total comprehensive income (loss)	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$-565.86K	USD	3 Qtrs
Total comprehensive income (loss)	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$18.03K	USD	1 Quarter
Total comprehensive income (loss)	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$-262.42K	USD	1 Quarter
Basic and diluted net income (loss) per share	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
Basic and diluted net income (loss) per share	`EarningsPerShareBasicAndDiluted`	$-0.02	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`	-	USD	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7.98M	shares	3 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7.98M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7.52M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7.16M	shares	3 Qtrs

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-121.37K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-536.33K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$22.37K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-252.15K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$6.78K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$7.46K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$11.70K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$29.59K	USD	3 Qtrs
Provision for accounts receivable allowances	`ProvisionForDoubtfulAccounts`	$-7.15K	USD	3 Qtrs
Provision for accounts receivable allowances	`ProvisionForDoubtfulAccounts`	$844.00	USD	3 Qtrs
Provision for inventory reserves	`ProvisionForInventoryReserves`	$10.37K	USD	3 Qtrs
Provision for inventory reserves	`ProvisionForInventoryReserves`	$86.85K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$574.52K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-325.12K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$201.49K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$71.67K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$63.18K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-34.09K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-41.61K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$43.27K	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-214.53K	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$256.58K	USD	3 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$33.23K	USD	3 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.34K	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-33.23K	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.34K	USD	3 Qtrs
Net funds received from (paid to) bank credit lines	`ProceedsFromLinesOfCredit`	$371.06K	USD	3 Qtrs
Net funds received from (paid to) bank credit lines	`ProceedsFromLinesOfCredit`	$-618.34K	USD	3 Qtrs
Proceeds from stock rights offering (net of issuance costs)	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	-	USD	3 Qtrs
Proceeds from stock rights offering (net of issuance costs)	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$248.68K	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-369.67K	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$371.06K	USD	3 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$1.41K	USD	3 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-171.00	USD	3 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-144.91K	USD	3 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$151.02K	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$55.39K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$50.80K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$206.42K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$195.70K	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`	$50.80K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$206.42K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$195.70K	USD	Point-in-time
Cash paid during the period for: Interest	`InterestPaid`	$51.61K	USD	3 Qtrs
Cash paid during the period for: Interest	`InterestPaid`	$58.20K	USD	3 Qtrs
Cash paid during the period for: Income taxes	`IncomeTaxesPaid`	$5.84K	USD	3 Qtrs
Cash paid during the period for: Income taxes	`IncomeTaxesPaid`	$2.73K	USD	3 Qtrs

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