10-Q Filing

FIEE, INC. CIK: 1467761 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001354488-16-007393`
Period End Date	20160331
Filing Date	20160513
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	zmtp-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 44 Income Statement 36 Cash Flow Statement 44

Balance Sheet 44 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable allowances	`AllowanceForDoubtfulAccountsReceivable`	$483.35K	USD	Point-in-time
Accounts receivable allowances	`AllowanceForDoubtfulAccountsReceivable`	$369.48K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$137.64K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$64.58K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$303.04K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.85M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts receivable, net of allowances of $369,483 at March 31, 2016 and $483,349 at December 31, 2015	`AccountsReceivableNetCurrent`	$1.42M	USD	Point-in-time
Accounts receivable, net of allowances of $369,483 at March 31, 2016 and $483,349 at December 31, 2015	`AccountsReceivableNetCurrent`	$1.08M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	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`	$3.32M	USD	Point-in-time
Inventories	`InventoryNet`	$2.78M	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	13.69M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$859.19K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$381.20K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	13.48M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	13.48M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$5.90M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	13.69M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$6.09M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$573.05K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$621.37K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$205.13K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$191.68K	USD	Point-in-time
Total assets	`Assets`	$6.87M	USD	Point-in-time
Total assets	`Assets`	$6.71M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.58M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.42M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$292.76K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$529.71K	USD	Point-in-time
Total liabilities	`Liabilities`	$2.11M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.72M	USD	Point-in-time
Common stock: Authorized: 25,000,000 shares at $0.01 par value Issued and outstanding: 13,689,303 shares at March 31, 2016 and 13,477,803 shares at December 31, 2015	`CommonStockValue`	$136.89K	USD	Point-in-time
Common stock: Authorized: 25,000,000 shares at $0.01 par value Issued and outstanding: 13,689,303 shares at March 31, 2016 and 13,477,803 shares at December 31, 2015	`CommonStockValue`	$134.78K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$37.97M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$38.14M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-33.67M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-32.95M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$4.61M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$5.15M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$6.71M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$6.87M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$2.72M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$3.06M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$2.10M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$1.89M	USD	1 Quarter
Gross profit	`GrossProfit`	$834.23K	USD	1 Quarter
Gross profit	`GrossProfit`	$956.87K	USD	1 Quarter
Selling	`SellingExpense`	$745.80K	USD	1 Quarter
Selling	`SellingExpense`	$408.60K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$249.46K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$469.33K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$271.16K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$347.01K	USD	1 Quarter
Total	`OperatingExpenses`	$929.22K	USD	1 Quarter
Total	`OperatingExpenses`	$1.56M	USD	1 Quarter
Operating profit (loss)	`OperatingIncomeLoss`	$27.65K	USD	1 Quarter
Operating profit (loss)	`OperatingIncomeLoss`	$-727.92K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$195.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$6.00	USD	1 Quarter
Interest expense	`InterestExpense`	$22.07K	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-1.02K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-12.00	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$183.00	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-23.08K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-727.74K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$4.57K	USD	1 Quarter
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	$-9.00	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$4.57K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-727.73K	USD	1 Quarter
Net income (loss) per share: Basic and Diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net income (loss) per share: Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	13.57M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	7.99M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	13.57M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	8.00M	shares	1 Quarter

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$4.57K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-727.73K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$122.42K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$7.13K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$78.41K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$2.29K	USD	1 Quarter
Provision (recovery) for accounts receivable allowances	`ProvisionForDoubtfulAccounts`	$325.00	USD	1 Quarter
Provision (recovery) for accounts receivable allowances	`ProvisionForDoubtfulAccounts`	$-2.09K	USD	1 Quarter
Provision for inventory reserves	`InventoryWriteDown`	$1.88K	USD	1 Quarter
Provision for inventory reserves	`InventoryWriteDown`	$-13.75K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$343.55K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-233.57K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$533.58K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-108.24K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$90.30K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$477.99K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$54.33K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$391.91K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.49M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$304.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherCurrentAssets`	-	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherCurrentAssets`	$150.00K	USD	1 Quarter
Purchases of plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.84K	USD	1 Quarter
Purchases of plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.30K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-157.30K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.84K	USD	1 Quarter
Net funds (to) from bank credit lines	`ProceedsFromLinesOfCredit`	$-371.71K	USD	1 Quarter
Net funds (to) from bank credit lines	`ProceedsFromLinesOfCredit`	-	USD	1 Quarter
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$101.52K	USD	1 Quarter
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$1.50K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$101.52K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-370.21K	USD	1 Quarter
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-73.06K	USD	1 Quarter
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.54M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$137.64K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$64.58K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$303.04K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.85M	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`	$64.58K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$303.04K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.85M	USD	Point-in-time
Cash paid during the period for: Interest	`InterestPaid`	-	USD	1 Quarter
Cash paid during the period for: Interest	`InterestPaid`	$22.07K	USD	1 Quarter

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