10-K Filing

FIEE, INC. CIK: 1467761 FY 2017

Filing Information

Form Type	10-K
Accession Number	`0001654954-18-003402`
Period End Date	20171231
Filing Date	20180330
Fiscal Year	2017
Fiscal Period	FY
XBRL Instance	zmtp-20171231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 51 Income Statement 36 Cash Flow Statement 48 Stockholders Equity 19

Balance Sheet 51 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable allowances	`AllowanceForDoubtfulAccountsReceivable`	$507.30K	USD	Point-in-time
Accounts receivable allowances	`AllowanceForDoubtfulAccountsReceivable`	$582.13K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$179.85K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.85M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$229.22K	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 $582,126 and $507,296 at December 31, 2017 and 2016, respectively	`AccountsReceivableNetCurrent`	$2.23M	USD	Point-in-time
Accounts receivable, net of allowances of $582,126 and $507,296 at December 31, 2017 and 2016, respectively	`AccountsReceivableNetCurrent`	$2.50M	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Inventories, net	`InventoryNet`	$4.93M	USD	Point-in-time
Inventories, net	`InventoryNet`	$5.20M	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$578.41K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	15.29M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	14.69M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$652.40K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	13.48M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$8.26M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	14.69M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$8.24M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	15.29M	shares	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$175.74K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$161.57K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$588.91K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$391.67K	USD	Point-in-time
Total assets	`Assets`	$8.79M	USD	Point-in-time
Total assets	`Assets`	$9.02M	USD	Point-in-time
Bank credit line	`BankLoans`	$90.26K	USD	Point-in-time
Bank credit line	`BankLoans`	$1.31M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.53M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.50M	USD	Point-in-time
Accrued sales tax	`TaxesPayableCurrent`	-	USD	Point-in-time
Accrued sales tax	`TaxesPayableCurrent`	$831.00K	USD	Point-in-time
Accrued other expenses	`AccruedLiabilitiesCurrent`	$1.05M	USD	Point-in-time
Accrued other expenses	`AccruedLiabilitiesCurrent`	$1.17M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.86M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.62M	USD	Point-in-time
Commitments and contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock: Authorized: 25,000,000 shares at $0.01 par value Issued and outstanding: 15,286,540 shares and 14,685,290 shares at December 31, 2017 and 2016, respectively	`CommonStockValue`	$146.85K	USD	Point-in-time
Common stock: Authorized: 25,000,000 shares at $0.01 par value Issued and outstanding: 15,286,540 shares and 14,685,290 shares at December 31, 2017 and 2016, respectively	`CommonStockValue`	$152.87K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$39.89M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$40.27M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-35.88M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-37.25M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.17M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$4.16M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$5.15M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$8.79M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$9.02M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$17.83M	USD	Annual
Net sales	`SalesRevenueGoodsNet`	$29.42M	USD	Annual
Cost of goods sold	`CostOfGoodsSold`	$19.18M	USD	Annual
Cost of goods sold	`CostOfGoodsSold`	$12.47M	USD	Annual
Gross profit	`GrossProfit`	$5.37M	USD	Annual
Gross profit	`GrossProfit`	$10.24M	USD	Annual
Selling	`SellingExpense`	$7.24M	USD	Annual
Selling	`SellingExpense`	$5.19M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$1.43M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$1.54M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$1.52M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$1.94M	USD	Annual
Sales tax expense	`TaxesOther`	$831.00K	USD	Annual
Sales tax expense	`TaxesOther`	-	USD	Annual
Total	`OperatingExpenses`	$8.25M	USD	Annual
Total	`OperatingExpenses`	$11.45M	USD	Annual
Operating profit (loss)	`OperatingIncomeLoss`	$-1.21M	USD	Annual
Operating profit (loss)	`OperatingIncomeLoss`	$-2.88M	USD	Annual
Interest income	`InvestmentIncomeInterest`	$100.00	USD	Annual
Interest income	`InvestmentIncomeInterest`	$254.00	USD	Annual
Interest expense	`InterestExpense`	$98.76K	USD	Annual
Interest expense	`InterestExpense`	$54.45K	USD	Annual
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-41.36K	USD	Annual
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$12.58K	USD	Annual
Total other income (expense), net	`NonoperatingIncomeExpense`	$-140.01K	USD	Annual
Total other income (expense), net	`NonoperatingIncomeExpense`	$-41.62K	USD	Annual
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-2.93M	USD	Annual
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.35M	USD	Annual
Income taxes	`IncomeTaxExpenseBenefit`	$7.07K	USD	Annual
Income taxes	`IncomeTaxExpenseBenefit`	$14.66K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-2.93M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-1.37M	USD	Annual
Basic and diluted net income (loss) per share	`EarningsPerShareBasicAndDiluted`	$-0.21	USD	Annual
Basic and diluted net income (loss) per share	`EarningsPerShareBasicAndDiluted`	$-0.09	USD	Annual
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	14.92M	shares	Annual
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.91M	shares	Annual

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-2.93M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-1.37M	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$177.96K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$196.31K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$544.69K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$500.08K	USD	Annual
Provision (recovery) for accounts receivable allowances	`ProvisionForDoubtfulAccounts`	$-677.00	USD	Annual
Provision (recovery) for accounts receivable allowances	`ProvisionForDoubtfulAccounts`	$7.89K	USD	Annual
Provision for inventory reserves	`InventoryWriteDown`	$32.05K	USD	Annual
Provision for inventory reserves	`InventoryWriteDown`	$200.36K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-269.42K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.43M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$476.05K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$2.17M	USD	Annual
Prepaid expense and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-35.12K	USD	Annual
Prepaid expense and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$271.20K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.98M	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.84M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.21M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.33M	USD	Annual
Purchases of plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$99.79K	USD	Annual
Purchases of plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$58.16K	USD	Annual
Other assets	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$150.00K	USD	Annual
Other assets	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$473.00K	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-249.79K	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-531.16K	USD	Annual
Proceeds from stock option exercise	`ProceedsFromStockOptionsExercised`	$271.89K	USD	Annual
Proceeds from stock option exercise	`ProceedsFromStockOptionsExercised`	$181.06K	USD	Annual
Proceeds from private placement offering	`ProceedsFromIssuanceOfPrivatePlacement`	$1.53M	USD	Annual
Proceeds from private placement offering	`ProceedsFromIssuanceOfPrivatePlacement`	-	USD	Annual
Issuance costs of private placement offering	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$-38.58K	USD	Annual
Issuance costs of private placement offering	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	-	USD	Annual
Net (payments to) proceeds from bank credit lines	`ProceedsFromLinesOfCredit`	$1.31M	USD	Annual
Net (payments to) proceeds from bank credit lines	`ProceedsFromLinesOfCredit`	$-1.22M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.04M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.07M	USD	Annual
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$49.37K	USD	Annual
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.67M	USD	Annual
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$179.85K	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$1.85M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$229.22K	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$179.85K	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$1.85M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$229.22K	USD	Point-in-time
Cash paid during the period for: Interest	`InterestPaidNet`	$54.45K	USD	Annual
Cash paid during the period for: Interest	`InterestPaidNet`	$98.76K	USD	Annual
Cash paid during the period for: Income taxes	`IncomeTaxesPaid`	$14.66K	USD	Annual
Cash paid during the period for: Income taxes	`IncomeTaxesPaid`	$7.07K	USD	Annual

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Amount	`StockholdersEquity`	$3.17M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$4.16M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$5.15M	USD	Point-in-time
Beginning Balance, Shares	`CommonStockSharesOutstanding`	13.48M	shares	Point-in-time
Beginning Balance, Shares	`CommonStockSharesOutstanding`	14.69M	shares	Point-in-time
Beginning Balance, Shares	`CommonStockSharesOutstanding`	15.29M	shares	Point-in-time
Net income (loss)	`NetIncomeLoss`	$-2.93M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-1.37M	USD	Annual
Private placement offering (net of issuance costs, Amount	`PrivatePlacementOfferingNetOfIssuanceCostsAmount`	$1.49M	USD	Annual
Stock option exercise	`StockIssuedDuringPeriodValueStockOptionsExercised`	$181.06K	USD	Annual
Stock option exercise	`StockIssuedDuringPeriodValueStockOptionsExercised`	$271.89K	USD	Annual
Stock based compensation	`StockBasedCompensation`	$196.31K	USD	Annual
Stock based compensation	`StockBasedCompensation`	$177.96K	USD	Annual
Ending Balance, Amount	`StockholdersEquity`	$3.17M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$4.16M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$5.15M	USD	Point-in-time
Ending Balance, Shares	`CommonStockSharesOutstanding`	13.48M	shares	Point-in-time
Ending Balance, Shares	`CommonStockSharesOutstanding`	14.69M	shares	Point-in-time
Ending Balance, Shares	`CommonStockSharesOutstanding`	15.29M	shares	Point-in-time

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