10-Q Filing

FIEE, INC. CIK: 1467761 Q3 2016

Filing Information

Form Type	10-Q
Accession Number	`0001654954-16-003875`
Period End Date	20160930
Filing Date	20161114
Fiscal Year	2016
Fiscal Period	Q3
XBRL Instance	zmtp-20160930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 46 Income Statement 68 Cash Flow Statement 52

Balance Sheet 46 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable allowances	`AllowanceForDoubtfulAccountsReceivable`	$460.15K	USD	Point-in-time
Accounts receivable allowances	`AllowanceForDoubtfulAccountsReceivable`	$483.35K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$137.64K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.85M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$175.31K	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
Accounts receivable, net of allowances of $460,155 at September 30, 2016 and $483,349 at December 31, 2015	`AccountsReceivableNetCurrent`	$2.87M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts receivable, net of allowances of $460,155 at September 30, 2016 and $483,349 at December 31, 2015	`AccountsReceivableNetCurrent`	$1.08M	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Inventories	`InventoryNet`	$4.23M	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Inventories	`InventoryNet`	$2.78M	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	13.98M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	13.48M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$381.20K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$574.45K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$7.85M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	13.98M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	13.48M	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`	$542.19K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$173.80K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$205.13K	USD	Point-in-time
Total assets	`Assets`	$8.57M	USD	Point-in-time
Total assets	`Assets`	$6.87M	USD	Point-in-time
Bank debt	`BankLoans`	$2.14M	USD	Point-in-time
Bank debt	`BankLoans`	-	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.42M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.85M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$948.71K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$292.76K	USD	Point-in-time
Total liabilities	`Liabilities`	$4.94M	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: 13,976,059 shares at September 30, 2016 and 13,477,803 shares at December 31, 2015	`CommonStockValue`	$139.76K	USD	Point-in-time
Common stock: Authorized: 25,000,000 shares at $0.01 par value Issued and outstanding: 13,976,059 shares at September 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`	$38.37M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-34.89M	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`	$3.62M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$8.57M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$6.87M	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$5.99M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$9.02M	USD	3 Qtrs
Net sales	`SalesRevenueGoodsNet`	$12.69M	USD	3 Qtrs
Net sales	`SalesRevenueGoodsNet`	$3.37M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$4.06M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$2.27M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$6.11M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$8.73M	USD	3 Qtrs
Gross profit	`GrossProfit`	$1.93M	USD	1 Quarter
Gross profit	`GrossProfit`	$2.91M	USD	3 Qtrs
Gross profit	`GrossProfit`	$1.10M	USD	1 Quarter
Gross profit	`GrossProfit`	$3.96M	USD	3 Qtrs
Selling	`SellingExpense`	$1.21M	USD	3 Qtrs
Selling	`SellingExpense`	$418.02K	USD	1 Quarter
Selling	`SellingExpense`	$1.47M	USD	1 Quarter
Selling	`SellingExpense`	$3.52M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$810.56K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$354.24K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.24M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$306.83K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$918.01K	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$354.25K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$352.85K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.15M	USD	3 Qtrs
Total	`OperatingExpenses`	$2.18M	USD	1 Quarter
Total	`OperatingExpenses`	$2.94M	USD	3 Qtrs
Total	`OperatingExpenses`	$1.08M	USD	1 Quarter
Total	`OperatingExpenses`	$5.91M	USD	3 Qtrs
Operating profit (loss)	`OperatingIncomeLoss`	$-1.95M	USD	3 Qtrs
Operating profit (loss)	`OperatingIncomeLoss`	$-255.28K	USD	1 Quarter
Operating profit (loss)	`OperatingIncomeLoss`	$-29.96K	USD	3 Qtrs
Operating profit (loss)	`OperatingIncomeLoss`	$21.51K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$238.00	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$21.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$31.00	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$16.00	USD	1 Quarter
Interest expense	`InterestExpense`	$27.78K	USD	1 Quarter
Interest expense	`InterestExpense`	$27.35K	USD	1 Quarter
Interest expense	`InterestExpense`	$72.36K	USD	3 Qtrs
Interest expense	`InterestExpense`	$32.12K	USD	3 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$-63.00	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$41.48K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-929.00	USD	3 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$42.23K	USD	3 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$10.36K	USD	3 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-73.26K	USD	3 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-27.39K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$13.72K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.94M	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-241.55K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-103.21K	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-5.89K	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$1.98K	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$5.76K	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$2.03K	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$3.31K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-243.58K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.94M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-108.97K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-7.87K	USD	1 Quarter
Net income (loss) per share: Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	3 Qtrs
Net income (loss) per share: Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Net income (loss) per share: Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.14	USD	3 Qtrs
Net income (loss) per share: Basic and Diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	8.52M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	8.17M	shares	3 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.88M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.72M	shares	3 Qtrs

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-243.58K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.94M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-108.97K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-7.87K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$58.72K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$389.49K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$48.84K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$164.79K	USD	3 Qtrs
Provision for accounts receivable allowances	`ProvisionForDoubtfulAccounts`	$8.99K	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`	$10.45K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.80M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$149.63K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$1.45M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-313.79K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$623.53K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$193.25K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.08M	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$32.97K	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.74M	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-404.87K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherCurrentAssets`	$295.00K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherCurrentAssets`	-	USD	3 Qtrs
Additions to equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$45.31K	USD	3 Qtrs
Additions to equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$32.30K	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`	$-327.30K	USD	3 Qtrs
Net funds received from (to) bank credit lines	`ProceedsFromLinesOfCredit`	$-840.59K	USD	3 Qtrs
Net funds received from (to) bank credit lines	`ProceedsFromLinesOfCredit`	$2.14M	USD	3 Qtrs
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$19.43K	USD	3 Qtrs
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$249.39K	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`	$228.96K	USD	3 Qtrs
Proceeds from stock rights offering (net of issuance costs)	`ProceedsFromIssuanceInitialPublicOffering`	-	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`	$2.39M	USD	3 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.38M	USD	3 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.67M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$137.64K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.85M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$175.31K	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`	$137.64K	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`	$175.31K	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`	$32.12K	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`	$5.76K	USD	3 Qtrs
Cash paid during the period for: Income taxes	`IncomeTaxesPaid`	$3.31K	USD	3 Qtrs

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