10-Q Filing

FIEE, INC. CIK: 1467761 Q3 2017

Filing Information

Form Type	10-Q
Accession Number	`0001654954-17-010291`
Period End Date	20170930
Filing Date	20171109
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	zmtp-20170930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 47 Income Statement 76 Cash Flow Statement 50

Balance Sheet 47 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable allowances	`AllowanceForDoubtfulAccountsReceivable`	$507.30K	USD	Point-in-time
Accounts receivable allowances	`AllowanceForDoubtfulAccountsReceivable`	$661.89K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$179.85K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$175.31K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$90.85K	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 $661,892 at September 30, 2017 and $507,296 at December 31, 2016	`AccountsReceivableNetCurrent`	$2.10M	USD	Point-in-time
Accounts receivable, net of allowances of $661,892 at September 30, 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
Common stock, authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Inventories	`InventoryNet`	$5.31M	USD	Point-in-time
Inventories	`InventoryNet`	$4.93M	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$935.98K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	14.69M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	15.04M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$652.40K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$8.44M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	15.04M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$8.26M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	14.69M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$398.82K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$588.91K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$175.74K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$187.37K	USD	Point-in-time
Total assets	`Assets`	$9.02M	USD	Point-in-time
Total assets	`Assets`	$9.02M	USD	Point-in-time
Bank debt	`BankLoans`	$1.31M	USD	Point-in-time
Bank debt	`BankLoans`	$594.78K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.50M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.76M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.05M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.21M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.86M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.57M	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: 15,037,790 shares at September 30, 2017 and 14,685,290 shares at December 31, 2016	`CommonStockValue`	$150.38K	USD	Point-in-time
Common stock: Authorized: 25,000,000 shares at $0.01 par value Issued and outstanding: 15,037,790 shares at September 30, 2017 and 14,685,290 shares at December 31, 2016	`CommonStockValue`	$146.85K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$40.16M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$39.89M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-36.86M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-35.88M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.45M	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`	$9.02M	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$5.99M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$20.56M	USD	3 Qtrs
Net sales	`SalesRevenueGoodsNet`	$8.58M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$12.69M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$4.06M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$8.73M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$13.56M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$5.52M	USD	1 Quarter
Gross profit	`GrossProfit`	$6.99M	USD	3 Qtrs
Gross profit	`GrossProfit`	$3.07M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.93M	USD	1 Quarter
Gross profit	`GrossProfit`	$3.96M	USD	3 Qtrs
Selling	`SellingExpense`	$5.34M	USD	3 Qtrs
Selling	`SellingExpense`	$1.81M	USD	1 Quarter
Selling	`SellingExpense`	$3.52M	USD	3 Qtrs
Selling	`SellingExpense`	$1.47M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$354.24K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.15M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$383.48K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.24M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.15M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$457.31K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$352.85K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.37M	USD	3 Qtrs
Total	`OperatingExpenses`	$2.18M	USD	1 Quarter
Total	`OperatingExpenses`	$5.91M	USD	3 Qtrs
Total	`OperatingExpenses`	$7.86M	USD	3 Qtrs
Total	`OperatingExpenses`	$2.65M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-868.07K	USD	3 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$-255.28K	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$412.62K	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-1.95M	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$21.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$238.00	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$59.00	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$22.00	USD	1 Quarter
Interest expense	`InterestExpense`	$32.12K	USD	3 Qtrs
Interest expense	`InterestExpense`	$87.18K	USD	3 Qtrs
Interest expense	`InterestExpense`	$30.64K	USD	1 Quarter
Interest expense	`InterestExpense`	$27.78K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$42.23K	USD	3 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$-11.07K	USD	3 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$65.00	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$41.48K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$10.36K	USD	3 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-98.19K	USD	3 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-30.55K	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`	$-966.26K	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$382.07K	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$3.31K	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$14.12K	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$4.98K	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$2.03K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.94M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-980.39K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-243.58K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$377.08K	USD	1 Quarter
Net income (loss) per share: Basic	`EarningsPerShareBasic`	$-0.14	USD	3 Qtrs
Net income (loss) per share: Basic	`EarningsPerShareBasic`	$-0.02	USD	1 Quarter
Net income (loss) per share: Basic	`EarningsPerShareBasic`	$-0.07	USD	3 Qtrs
Net income (loss) per share: Basic	`EarningsPerShareBasic`	$0.03	USD	1 Quarter
Net income (loss) per share: Diluted	`EarningsPerShareDiluted`	$-0.02	USD	1 Quarter
Net income (loss) per share: Diluted	`EarningsPerShareDiluted`	$0.02	USD	1 Quarter
Net income (loss) per share: Diluted	`EarningsPerShareDiluted`	$-0.14	USD	3 Qtrs
Net income (loss) per share: Diluted	`EarningsPerShareDiluted`	$-0.07	USD	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	13.88M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	14.95M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	13.72M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	14.85M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	13.88M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	16.42M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	13.72M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.85M	shares	3 Qtrs

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-1.94M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-980.39K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-243.58K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$377.08K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$389.49K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$391.18K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$164.79K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$170.07K	USD	3 Qtrs
Provision for accounts receivable allowances	`ProvisionForDoubtfulAccounts`	$8.99K	USD	3 Qtrs
Provision for accounts receivable allowances	`ProvisionForDoubtfulAccounts`	$540.00	USD	3 Qtrs
Provision for inventory reserves	`InventoryWriteDown`	$186.44K	USD	3 Qtrs
Provision for inventory reserves	`InventoryWriteDown`	$60.10K	USD	1 Quarter
Provision for inventory reserves	`InventoryWriteDown`	$7.84K	USD	1 Quarter
Provision for inventory reserves	`InventoryWriteDown`	$10.45K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.80M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-393.16K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$1.45M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$566.49K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$327.46K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$193.25K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.42M	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.08M	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`	$689.02K	USD	3 Qtrs
Cost of other assets	`IncreaseDecreaseInOtherCurrentAssets`	$295.00K	USD	3 Qtrs
Cost of other assets	`IncreaseDecreaseInOtherCurrentAssets`	$75.00K	USD	3 Qtrs
Additions to plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$93.85K	USD	3 Qtrs
Additions to plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$32.30K	USD	3 Qtrs
Net cash provided by (used in) investing activities'	`NetCashProvidedByUsedInInvestingActivities`	$-168.85K	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`	$2.14M	USD	3 Qtrs
Net funds received from (to) bank credit lines	`ProceedsFromLinesOfCredit`	$-711.84K	USD	3 Qtrs
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$102.67K	USD	3 Qtrs
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$249.39K	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-609.17K	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.39M	USD	3 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-88.99K	USD	3 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.67M	USD	3 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`	$175.31K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$90.85K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.85M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$179.85K	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`	$90.85K	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	`InterestPaidNet`	$32.12K	USD	3 Qtrs
Cash paid during the period for: Interest	`InterestPaidNet`	$87.18K	USD	3 Qtrs
Cash paid during the period for: Income taxes	`IncomeTaxesPaid`	$14.12K	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.