10-Q Filing

FIEE, INC. CIK: 1467761 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001654954-17-004540`
Period End Date	20170331
Filing Date	20170512
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	zmtp-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 46 Income Statement 34 Cash Flow Statement 44

Balance Sheet 46 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable allowances	`AllowanceForDoubtfulAccountsReceivable`	$507.30K	USD	Point-in-time
Accounts receivable allowances	`AllowanceForDoubtfulAccountsReceivable`	$471.58K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$98.85K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.85M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$303.04K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$179.85K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts receivable, net of allowances of $471,578 at March 31, 2017 and $507,296 at December 31, 2016	`AccountsReceivableNetCurrent`	$2.50M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts receivable, net of allowances of $471,578 at March 31, 2017 and $507,296 at December 31, 2016	`AccountsReceivableNetCurrent`	$2.11M	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Inventories	`InventoryNet`	$4.93M	USD	Point-in-time
Inventories	`InventoryNet`	$4.68M	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	14.81M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$652.40K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	14.69M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$189.12K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	14.69M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$8.26M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$7.07M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	14.81M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$588.91K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$556.74K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$175.74K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$152.04K	USD	Point-in-time
Total assets	`Assets`	$7.78M	USD	Point-in-time
Total assets	`Assets`	$9.02M	USD	Point-in-time
Bank debt	`BankLoans`	$1.55M	USD	Point-in-time
Bank debt	`BankLoans`	$1.31M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.91M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.50M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.13M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.05M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.86M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.59M	USD	Point-in-time
Common stock: Authorized: 25,000,000 shares at $0.01 par value Issued and outstanding: 14,807,790 shares at March 31, 2017 and 14,685,290 shares at December 31, 2016	`CommonStockValue`	$146.85K	USD	Point-in-time
Common stock: Authorized: 25,000,000 shares at $0.01 par value Issued and outstanding: 14,807,790 shares at March 31, 2017 and 14,685,290 shares at December 31, 2016	`CommonStockValue`	$148.08K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$39.89M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$40.01M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-35.88M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-36.97M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.19M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$4.16M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$9.02M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$7.78M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$2.72M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$5.15M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$1.89M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$3.41M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.73M	USD	1 Quarter
Gross profit	`GrossProfit`	$834.23K	USD	1 Quarter
Selling	`SellingExpense`	$745.80K	USD	1 Quarter
Selling	`SellingExpense`	$1.85M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$469.33K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$431.39K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$507.97K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$347.01K	USD	1 Quarter
Total	`OperatingExpenses`	$2.79M	USD	1 Quarter
Total	`OperatingExpenses`	$1.56M	USD	1 Quarter
Operating profit (loss)	`OperatingIncomeLoss`	$-1.05M	USD	1 Quarter
Operating profit (loss)	`OperatingIncomeLoss`	$-727.92K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$195.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$22.00	USD	1 Quarter
Interest expense	`InterestExpense`	$25.80K	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-12.00	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-11.10K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-36.88K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$183.00	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.09M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-727.74K	USD	1 Quarter
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	$-9.00	USD	1 Quarter
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-727.73K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.09M	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`	$-0.05	USD	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	14.78M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.57M	shares	1 Quarter

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-727.73K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.09M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$144.38K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$122.42K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$76.20K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$78.41K	USD	1 Quarter
Provision (recovery) for accounts receivable allowances	`ProvisionForDoubtfulAccounts`	$-2.60K	USD	1 Quarter
Provision (recovery) for accounts receivable allowances	`ProvisionForDoubtfulAccounts`	$325.00	USD	1 Quarter
Provision (recovery) for inventory reserves	`InventoryWriteDown`	$1.88K	USD	1 Quarter
Provision (recovery) for inventory reserves	`InventoryWriteDown`	$-3.31K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-395.36K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$343.55K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-249.54K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$533.58K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$477.99K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-463.29K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-510.86K	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`	$-276.50K	USD	1 Quarter
Cost of other assets	`IncreaseDecreaseInOtherCurrentAssets`	$150.00K	USD	1 Quarter
Cost of other assets	`IncreaseDecreaseInOtherCurrentAssets`	$88.32K	USD	1 Quarter
Purchases of plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$192.00	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`	$-88.51K	USD	1 Quarter
Net funds (to) from bank credit lines	`ProceedsFromLinesOfCredit`	$238.99K	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`	$45.02K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$284.01K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$101.52K	USD	1 Quarter
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.54M	USD	1 Quarter
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-81.00K	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$98.85K	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`	$303.04K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$179.85K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$98.85K	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`	$303.04K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$179.85K	USD	Point-in-time
Cash paid during the period for: Interest	`InterestPaid`	$25.80K	USD	1 Quarter
Cash paid during the period for: Interest	`InterestPaid`	-	USD	1 Quarter

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