10-Q Filing

FIEE, INC. CIK: 1467761 Q3 2015

Filing Information

Form Type	10-Q
Accession Number	`0001354488-15-005033`
Period End Date	20150930
Filing Date	20151113
Fiscal Year	2015
Fiscal Period	Q3
XBRL Instance	zmtp-20150930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 72 Cash Flow Statement 52

Balance Sheet 48 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable allowances	`AllowanceForDoubtfulAccountsReceivable`	$394.37K	USD	Point-in-time
Accounts receivable allowances	`AllowanceForDoubtfulAccountsReceivable`	$381.23K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$206.42K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$55.39K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$137.64K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.52M	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 $394,370 at September 30, 2015 and $381,234 at December 31, 2014	`AccountsReceivableNetCurrent`	$1.96M	USD	Point-in-time
Accounts receivable, net of allowances of $394,370 at September 30, 2015 and $381,234 at December 31, 2014	`AccountsReceivableNetCurrent`	$1.81M	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`	$1.39M	USD	Point-in-time
Inventories	`InventoryNet`	$1.72M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$463.79K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	13.27M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$270.26K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	7.98M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$3.94M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.33M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	13.27M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	7.98M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$393.89K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	-	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$89.85K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$67.14K	USD	Point-in-time
Total assets	`Assets`	$6.81M	USD	Point-in-time
Total assets	`Assets`	$4.01M	USD	Point-in-time
Bank debt	`BankLoans`	-	USD	Point-in-time
Bank debt	`BankLoans`	$840.59K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$775.36K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$726.63K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$284.74K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$268.98K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.85M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.04M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.85M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.04M	USD	Point-in-time
Common stock, $0.01 par value: Authorized - 25,000,000 shares; 13,271,303 shares at September 30, 2015 and 7,982,704 shares at December 31, 2014	`CommonStockValue`	$132.71K	USD	Point-in-time
Common stock, $0.01 par value: Authorized - 25,000,000 shares; 13,271,303 shares at September 30, 2015 and 7,982,704 shares at December 31, 2014	`CommonStockValue`	$79.83K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$34.19M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$37.86M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-32.11M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-32.22M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.16M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$5.77M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$6.81M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$4.01M	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$3.40M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$3.37M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$9.02M	USD	3 Qtrs
Net sales	`SalesRevenueGoodsNet`	$9.19M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$6.53M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$6.11M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$2.27M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$2.48M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.10M	USD	1 Quarter
Gross profit	`GrossProfit`	$2.91M	USD	3 Qtrs
Gross profit	`GrossProfit`	$924.40K	USD	1 Quarter
Gross profit	`GrossProfit`	$2.66M	USD	3 Qtrs
Selling	`SellingExpense`	$1.06M	USD	3 Qtrs
Selling	`SellingExpense`	$1.21M	USD	3 Qtrs
Selling	`SellingExpense`	$418.02K	USD	1 Quarter
Selling	`SellingExpense`	$352.90K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$788.31K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$257.64K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$306.83K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$810.56K	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$354.25K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$265.39K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$864.27K	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$918.01K	USD	3 Qtrs
Total	`OperatingExpenses`	$875.94K	USD	1 Quarter
Total	`OperatingExpenses`	$2.94M	USD	3 Qtrs
Total	`OperatingExpenses`	$2.71M	USD	3 Qtrs
Total	`OperatingExpenses`	$1.08M	USD	1 Quarter
Operating profit (loss)	`OperatingIncomeLoss`	$-29.96K	USD	3 Qtrs
Operating profit (loss)	`OperatingIncomeLoss`	$21.51K	USD	1 Quarter
Operating profit (loss)	`OperatingIncomeLoss`	$-56.75K	USD	3 Qtrs
Operating profit (loss)	`OperatingIncomeLoss`	$48.46K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$16.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$31.00	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$7.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$23.00	USD	3 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$-24.31K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-73.29K	USD	3 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$-27.41K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-58.80K	USD	3 Qtrs
Total other income (expense), net	`NonoperatingIncomeExpense`	$-58.78K	USD	3 Qtrs
Total other income (expense), net	`NonoperatingIncomeExpense`	$-24.30K	USD	1 Quarter
Total other income (expense), net	`NonoperatingIncomeExpense`	$-73.26K	USD	3 Qtrs
Total other income (expense), net	`NonoperatingIncomeExpense`	$-27.39K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-115.53K	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-5.89K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$24.16K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-103.21K	USD	3 Qtrs
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	$1.98K	USD	1 Quarter
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	$5.84K	USD	3 Qtrs
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	$1.80K	USD	1 Quarter
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	$5.76K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-108.97K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$22.37K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-7.87K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-121.37K	USD	3 Qtrs
Foreign currency translation adjustments	`ForeignCurrencyTransactionGainLossBeforeTax`	$-4.34K	USD	1 Quarter
Foreign currency translation adjustments	`ForeignCurrencyTransactionGainLossBeforeTax`	-	USD	1 Quarter
Foreign currency translation adjustments	`ForeignCurrencyTransactionGainLossBeforeTax`	-	USD	3 Qtrs
Foreign currency translation adjustments	`ForeignCurrencyTransactionGainLossBeforeTax`	$-2.23K	USD	3 Qtrs
Total comprehensive income (loss)	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$-7.87K	USD	1 Quarter
Total comprehensive income (loss)	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$-123.60K	USD	3 Qtrs
Total comprehensive income (loss)	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$-108.97K	USD	3 Qtrs
Total comprehensive income (loss)	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$18.03K	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`	$-0.01	USD	3 Qtrs
Basic and diluted net income (loss) per share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted net income (loss) per share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	8.17M	shares	3 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7.98M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7.98M	shares	3 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	8.52M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-108.97K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$22.37K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-7.87K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-121.37K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$6.78K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$58.72K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$11.70K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$48.84K	USD	3 Qtrs
Provision for accounts receivable allowances	`ProvisionForDoubtfulAccounts`	$844.00	USD	3 Qtrs
Provision for accounts receivable allowances	`ProvisionForDoubtfulAccounts`	$34.00	USD	3 Qtrs
Provision for inventory reserves	`InventoryWriteDown`	$22.91K	USD	3 Qtrs
Provision for inventory reserves	`InventoryWriteDown`	$86.85K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$325.12K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$149.63K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-313.79K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-201.49K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$34.09K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$623.53K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$32.97K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-41.61K	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-404.87K	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-214.53K	USD	3 Qtrs
Additions to equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$45.31K	USD	3 Qtrs
Additions to equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.34K	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-45.31K	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`	$-840.59K	USD	3 Qtrs
Proceeds from stock option exercise	`ProceedsFromStockOptionsExercised`	$19.43K	USD	3 Qtrs
Proceeds from stock option exercise	`ProceedsFromStockOptionsExercised`	-	USD	3 Qtrs
Proceeds from private placement offering (net of issuance costs)	`ProceedsFromIssuanceOfPrivatePlacement`	$3.42M	USD	3 Qtrs
Proceeds from private placement offering (net of issuance costs)	`ProceedsFromIssuanceOfPrivatePlacement`	-	USD	3 Qtrs
Proceeds from stock rights offering (net of issuance costs)	`ProceedsFromIssuanceInitialPublicOffering`	-	USD	3 Qtrs
Proceeds from stock rights offering (net of issuance costs)	`ProceedsFromIssuanceInitialPublicOffering`	$228.96K	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.83M	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`	-	USD	3 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-171.00	USD	3 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$151.02K	USD	3 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.38M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$206.42K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$55.39K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$137.64K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.52M	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`	$55.39K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$137.64K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.52M	USD	Point-in-time
Cash paid during the period for: Interest	`InterestPaid`	$58.20K	USD	3 Qtrs
Cash paid during the period for: Interest	`InterestPaid`	$72.36K	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`	$5.76K	USD	3 Qtrs

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