10-Q Filing

FIEE, INC. CIK: 1467761 Q2 2017

Filing Information

Form Type	10-Q
Accession Number	`0001654954-17-007294`
Period End Date	20170630
Filing Date	20170811
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	zmtp-20170630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 68 Cash Flow Statement 48

Balance Sheet 48 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable allowances	`AllowanceForDoubtfulAccountsReceivable`	$561.29K	USD	Point-in-time
Accounts receivable allowances	`AllowanceForDoubtfulAccountsReceivable`	$507.30K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$179.85K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$95.87K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$495.27K	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 $561,293 at June 30, 2017 and $507,296 at December 31, 2016	`AccountsReceivableNetCurrent`	$2.50M	USD	Point-in-time
Accounts receivable, net of allowances of $561,293 at June 30, 2017 and $507,296 at December 31, 2016	`AccountsReceivableNetCurrent`	$2.57M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories	`InventoryNet`	$4.93M	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`	$5.26M	USD	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
Common stock, issued	`CommonStockSharesIssued`	14.90M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$808.65K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	14.69M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$8.26M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	14.90M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$9.13M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$588.91K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$400.82K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$215.85K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$175.74K	USD	Point-in-time
Total assets	`Assets`	$9.02M	USD	Point-in-time
Total assets	`Assets`	$9.75M	USD	Point-in-time
Bank debt	`BankLoans`	$1.95M	USD	Point-in-time
Bank debt	`BankLoans`	$1.31M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.50M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.68M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.16M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.05M	USD	Point-in-time
Total liabilities	`Liabilities`	$6.79M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.86M	USD	Point-in-time
Commitments and contingencies (Note 4)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 4)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock: Authorized: 25,000,000 shares at $0.01 par value Issued and outstanding: 14,900,290 shares at June 30, 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: 14,900,290 shares at June 30, 2017 and 14,685,290 shares at December 31, 2016	`CommonStockValue`	$149.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$40.05M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$39.89M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-35.88M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-37.24M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.96M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$4.16M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$9.75M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$9.02M	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$6.70M	USD	2 Qtrs
Net sales	`SalesRevenueGoodsNet`	$11.97M	USD	2 Qtrs
Net sales	`SalesRevenueGoodsNet`	$6.83M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$3.98M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$4.66M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$4.63M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$2.78M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$8.05M	USD	2 Qtrs
Gross profit	`GrossProfit`	$2.19M	USD	1 Quarter
Gross profit	`GrossProfit`	$2.03M	USD	2 Qtrs
Gross profit	`GrossProfit`	$1.20M	USD	1 Quarter
Gross profit	`GrossProfit`	$3.93M	USD	2 Qtrs
Selling	`SellingExpense`	$2.05M	USD	2 Qtrs
Selling	`SellingExpense`	$1.30M	USD	1 Quarter
Selling	`SellingExpense`	$3.53M	USD	2 Qtrs
Selling	`SellingExpense`	$1.68M	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`	$338.89K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$770.28K	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$801.94K	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$910.41K	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$454.93K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$402.44K	USD	1 Quarter
Total	`OperatingExpenses`	$2.17M	USD	1 Quarter
Total	`OperatingExpenses`	$2.42M	USD	1 Quarter
Total	`OperatingExpenses`	$3.73M	USD	2 Qtrs
Total	`OperatingExpenses`	$5.21M	USD	2 Qtrs
Operating profit (loss)	`OperatingIncomeLoss`	$-967.48K	USD	1 Quarter
Operating profit (loss)	`OperatingIncomeLoss`	$-1.70M	USD	2 Qtrs
Operating profit (loss)	`OperatingIncomeLoss`	$-1.28M	USD	2 Qtrs
Operating profit (loss)	`OperatingIncomeLoss`	$-229.07K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$37.00	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$216.00	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$15.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$22.00	USD	1 Quarter
Interest expense	`InterestExpense`	$56.54K	USD	2 Qtrs
Interest expense	`InterestExpense`	$4.34K	USD	1 Quarter
Interest expense	`InterestExpense`	$30.75K	USD	1 Quarter
Interest expense	`InterestExpense`	$4.34K	USD	2 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$762.00	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-11.14K	USD	2 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$-35.00	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$752.00	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-30.77K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-67.64K	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-3.37K	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-3.55K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.70M	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-971.03K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-259.83K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.35M	USD	2 Qtrs
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	$9.14K	USD	2 Qtrs
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	$1.29K	USD	1 Quarter
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	$1.28K	USD	2 Qtrs
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	$9.14K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-972.31K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-268.97K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.36M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-1.70M	USD	2 Qtrs
Net income (loss) per share: Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Net income (loss) per share: Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.09	USD	2 Qtrs
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
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	14.82M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	14.80M	shares	2 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.72M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.66M	shares	2 Qtrs

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-972.31K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-268.97K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.36M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-1.70M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$245.21K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$287.81K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$86.65K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$119.76K	USD	2 Qtrs
Provision (recovery) for accounts receivable allowances	`ProvisionForDoubtfulAccounts`	$540.00	USD	2 Qtrs
Provision (recovery) for accounts receivable allowances	`ProvisionForDoubtfulAccounts`	$9.51K	USD	2 Qtrs
Provision for inventory reserves	`InventoryWriteDown`	$126.34K	USD	2 Qtrs
Provision for inventory reserves	`InventoryWriteDown`	$2.61K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$68.40K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$933.45K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$459.82K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$1.01M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$582.09K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$205.13K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.58M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.28M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-306.15K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.27M	USD	2 Qtrs
Cost of other assets	`IncreaseDecreaseInOtherCurrentAssets`	$200.00K	USD	2 Qtrs
Cost of other assets	`IncreaseDecreaseInOtherCurrentAssets`	-	USD	2 Qtrs
Additions to plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$90.95K	USD	2 Qtrs
Additions to plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$22.04K	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`	$-90.95K	USD	2 Qtrs
Net funds (to) from bank credit lines	`ProceedsFromLinesOfCredit`	$606.28K	USD	2 Qtrs
Net funds (to) from bank credit lines	`ProceedsFromLinesOfCredit`	$644.30K	USD	2 Qtrs
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$68.22K	USD	2 Qtrs
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$136.15K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$712.52K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$742.43K	USD	2 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$315.43K	USD	2 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.75M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$179.85K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$95.87K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$495.27K	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`	$179.85K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$95.87K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$495.27K	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`	$4.34K	USD	2 Qtrs
Cash paid during the period for: Interest	`InterestPaid`	$56.54K	USD	2 Qtrs
Cash paid during the period for: Income taxes	`IncomeTaxesPaid`	$9.14K	USD	2 Qtrs
Cash paid during the period for: Income taxes	`IncomeTaxesPaid`	$1.28K	USD	2 Qtrs

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