10-Q Filing

FIEE, INC. CIK: 1467761 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0001654954-16-001472`
Period End Date	20160630
Filing Date	20160812
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	zmtp-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 46 Income Statement 68 Cash Flow Statement 48

Balance Sheet 46 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable allowances	`AllowanceForDoubtfulAccountsReceivable`	$483.35K	USD	Point-in-time
Accounts receivable allowances	`AllowanceForDoubtfulAccountsReceivable`	$511.39K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.85M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$252.35K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$137.64K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$95.87K	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 $511,386 at June 30, 2016 and $483,349 at December 31, 2015	`AccountsReceivableNetCurrent`	$2.00M	USD	Point-in-time
Accounts receivable, net of allowances of $511,386 at June 30, 2016 and $483,349 at December 31, 2015	`AccountsReceivableNetCurrent`	$1.08M	USD	Point-in-time
Inventories	`InventoryNet`	$3.79M	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Inventories	`InventoryNet`	$2.78M	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	13.48M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	13.83M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$381.20K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$963.29K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.09M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	13.83M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$6.85M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	13.48M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$569.70K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$573.05K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$185.31K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$205.13K	USD	Point-in-time
Total assets	`Assets`	$7.61M	USD	Point-in-time
Total assets	`Assets`	$6.87M	USD	Point-in-time
Bank debt	`BankLoans`	-	USD	Point-in-time
Bank debt	`BankLoans`	$606.28K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.42M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.39M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$292.76K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$902.21K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.72M	USD	Point-in-time
Total liabilities	`Liabilities`	$3.90M	USD	Point-in-time
Common stock: Authorized: 25,000,000 shares at $0.01 par value Issued and outstanding: 13,827,803 shares at June 30, 2016 and 13,477,803 shares at December 31, 2015	`CommonStockValue`	$138.28K	USD	Point-in-time
Common stock: Authorized: 25,000,000 shares at $0.01 par value Issued and outstanding: 13,827,803 shares at June 30, 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`	$38.22M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-34.65M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-32.95M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$5.15M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.71M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$6.87M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$7.61M	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$3.98M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$6.70M	USD	2 Qtrs
Net sales	`SalesRevenueGoodsNet`	$2.59M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$5.65M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$3.84M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$4.66M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$1.74M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$2.78M	USD	1 Quarter
Gross profit	`GrossProfit`	$2.03M	USD	2 Qtrs
Gross profit	`GrossProfit`	$1.81M	USD	2 Qtrs
Gross profit	`GrossProfit`	$1.20M	USD	1 Quarter
Gross profit	`GrossProfit`	$851.95K	USD	1 Quarter
Selling	`SellingExpense`	$2.05M	USD	2 Qtrs
Selling	`SellingExpense`	$384.19K	USD	1 Quarter
Selling	`SellingExpense`	$792.79K	USD	2 Qtrs
Selling	`SellingExpense`	$1.30M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$412.67K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$882.00K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$254.27K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$503.73K	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$292.60K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$563.76K	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$454.93K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$801.94K	USD	2 Qtrs
Total	`OperatingExpenses`	$931.06K	USD	1 Quarter
Total	`OperatingExpenses`	$1.86M	USD	2 Qtrs
Total	`OperatingExpenses`	$2.17M	USD	1 Quarter
Total	`OperatingExpenses`	$3.73M	USD	2 Qtrs
Operating profit (loss)	`OperatingIncomeLoss`	$-1.70M	USD	2 Qtrs
Operating profit (loss)	`OperatingIncomeLoss`	$-967.48K	USD	1 Quarter
Operating profit (loss)	`OperatingIncomeLoss`	$-79.11K	USD	1 Quarter
Operating profit (loss)	`OperatingIncomeLoss`	$-51.46K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$216.00	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$22.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$15.00	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$9.00	USD	1 Quarter
Interest expense	`InterestExpense`	$4.34K	USD	1 Quarter
Interest expense	`InterestExpense`	$45.01K	USD	2 Qtrs
Interest expense	`InterestExpense`	$4.34K	USD	2 Qtrs
Interest expense	`InterestExpense`	$22.95K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$762.00	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-866.00	USD	2 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$151.00	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$752.00	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-22.79K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-3.55K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-3.37K	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-45.86K	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.70M	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-97.33K	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-101.90K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-971.03K	USD	1 Quarter
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	$3.78K	USD	1 Quarter
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	$3.78K	USD	2 Qtrs
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	$1.29K	USD	1 Quarter
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	$1.28K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-105.68K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.70M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-101.11K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-972.31K	USD	1 Quarter
Net income (loss) per share: Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.07	USD	1 Quarter
Net income (loss) per share: Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.12	USD	2 Qtrs
Net income (loss) per share: Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Net income (loss) per share: Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	2 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	8.00M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7.99M	shares	2 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.66M	shares	2 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.72M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-105.68K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.70M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-101.11K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-972.31K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$22.37K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$245.21K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$9.29K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$119.76K	USD	2 Qtrs
Provision (recovery) for accounts receivable allowances	`ProvisionForDoubtfulAccounts`	$9.51K	USD	2 Qtrs
Provision (recovery) for accounts receivable allowances	`ProvisionForDoubtfulAccounts`	$-3.08K	USD	2 Qtrs
Provision for inventory reserves	`InventoryWriteDown`	$2.61K	USD	2 Qtrs
Provision for inventory reserves	`InventoryWriteDown`	$-22.39K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-560.44K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$933.45K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$1.01M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$459.54K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$582.09K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$222.73K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.58M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$132.89K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-83.84K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.27M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherCurrentAssets`	-	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherCurrentAssets`	$200.00K	USD	2 Qtrs
Additions to plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$22.04K	USD	2 Qtrs
Additions to plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.15K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-222.04K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-9.15K	USD	2 Qtrs
Net funds (to) from bank credit lines	`ProceedsFromLinesOfCredit`	$198.64K	USD	2 Qtrs
Net funds (to) from bank credit lines	`ProceedsFromLinesOfCredit`	$606.28K	USD	2 Qtrs
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$9.06K	USD	2 Qtrs
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$136.15K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$207.71K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$742.43K	USD	2 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.75M	USD	2 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$114.71K	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.85M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$252.35K	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`	$95.87K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.85M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$252.35K	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`	$95.87K	USD	Point-in-time
Cash paid during the period for: Interest	`InterestPaid`	$4.34K	USD	2 Qtrs
Cash paid during the period for: Interest	`InterestPaid`	$45.01K	USD	2 Qtrs
Cash paid during the period for: Income taxes	`IncomeTaxesPaid`	$1.28K	USD	2 Qtrs
Cash paid during the period for: Income taxes	`IncomeTaxesPaid`	$3.78K	USD	2 Qtrs

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