10-Q Filing

FIEE, INC. CIK: 1467761 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001654954-18-005388`
Period End Date	20180331
Filing Date	20180515
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	zmtp-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 38 Cash Flow Statement 46

Balance Sheet 48 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$229.22K	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$98.85K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$423.19K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$179.85K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.84M	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	15.88M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	15.29M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.23M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	15.29M	shares	Point-in-time
Inventories	`InventoryNet`	$5.38M	USD	Point-in-time
Inventories	`InventoryNet`	$5.20M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	15.88M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$578.41K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.07M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$8.24M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$9.70M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$362.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$391.67K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$152.16K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$161.57K	USD	Point-in-time
Total assets	`Assets`	$8.79M	USD	Point-in-time
Total assets	`Assets`	$10.22M	USD	Point-in-time
Bank debt	`BankLoans`	$90.26K	USD	Point-in-time
Bank debt	`BankLoans`	$50.55K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.76M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.53M	USD	Point-in-time
Accrued sales tax	`OtherAccruedLiabilitiesCurrent`	$831.00K	USD	Point-in-time
Accrued sales tax	`OtherAccruedLiabilitiesCurrent`	$950.00K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.17M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.74M	USD	Point-in-time
Total liabilities	`Liabilities`	$6.50M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.62M	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: 15,877,790 shares at March 31, 2018 and 15,286,540 shares at December 31, 2017	`CommonStockValue`	$158.78K	USD	Point-in-time
Common stock: Authorized: 25,000,000 shares at $0.01 par value Issued and outstanding: 15,877,790 shares at March 31, 2018 and 15,286,540 shares at December 31, 2017	`CommonStockValue`	$152.87K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$40.45M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$40.27M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-36.89M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-37.25M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.72M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.17M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$8.79M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$10.22M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$8.34M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$5.15M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$3.41M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$5.06M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.73M	USD	1 Quarter
Gross profit	`GrossProfit`	$3.28M	USD	1 Quarter
Selling	`SellingExpense`	$2.05M	USD	1 Quarter
Selling	`SellingExpense`	$1.85M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$431.39K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$448.08K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$507.97K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$410.26K	USD	1 Quarter
Total	`OperatingExpenses`	$2.79M	USD	1 Quarter
Total	`OperatingExpenses`	$2.91M	USD	1 Quarter
Operating profit (loss)	`OperatingIncomeLoss`	$-1.05M	USD	1 Quarter
Operating profit (loss)	`OperatingIncomeLoss`	$368.50K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$22.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$104.00	USD	1 Quarter
Interest expense	`InterestExpense`	$6.17K	USD	1 Quarter
Interest expense	`InterestExpense`	$25.80K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$43.00	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`	$-6.02K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$362.48K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.09M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$3.60K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$358.88K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.09M	USD	1 Quarter
Net income (loss) per share: Basic	`EarningsPerShareBasic`	$0.02	USD	1 Quarter
Net income (loss) per share: Basic	`EarningsPerShareBasic`	$-0.07	USD	1 Quarter
Net income (loss) per share: Diluted	`EarningsPerShareDiluted`	$0.02	USD	1 Quarter
Net income (loss) per share: Diluted	`EarningsPerShareDiluted`	$-0.07	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	15.73M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	14.78M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	16.51M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.78M	shares	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$358.88K	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`	$97.99K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$33.80K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$76.20K	USD	1 Quarter
Provision for ( recovery of) accounts receivable allowances	`ProvisionForDoubtfulAccounts`	$-2.60K	USD	1 Quarter
Provision for ( recovery of) accounts receivable allowances	`ProvisionForDoubtfulAccounts`	$-185.00	USD	1 Quarter
Provision for inventory reserves	`InventoryWriteDown`	-	USD	1 Quarter
Provision for inventory reserves	`InventoryWriteDown`	$-3.31K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$606.42K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-395.36K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$177.63K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-249.54K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-463.29K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$487.07K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$920.75K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-510.86K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-276.50K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$140.12K	USD	1 Quarter
Cost of other assets	`IncreaseDecreaseInOtherCurrentAssets`	$40.00K	USD	1 Quarter
Cost of other assets	`IncreaseDecreaseInOtherCurrentAssets`	$88.32K	USD	1 Quarter
Purchases of plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$18.91K	USD	1 Quarter
Purchases of plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$192.00	USD	1 Quarter
Net cash provided by (used in) investing activities'	`NetCashProvidedByUsedInInvestingActivities`	$-88.51K	USD	1 Quarter
Net cash provided by (used in) investing activities'	`NetCashProvidedByUsedInInvestingActivities`	$-58.91K	USD	1 Quarter
Net funds received from (to) bank credit lines	`ProceedsFromLinesOfCredit`	$-39.71K	USD	1 Quarter
Net funds received from (to) bank credit lines	`ProceedsFromLinesOfCredit`	$238.99K	USD	1 Quarter
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$45.02K	USD	1 Quarter
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$152.46K	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`	$112.76K	USD	1 Quarter
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-81.00K	USD	1 Quarter
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$193.97K	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$229.22K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$98.85K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$423.19K	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`	$229.22K	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`	$423.19K	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	`InterestPaidNet`	$25.80K	USD	1 Quarter
Cash paid during the period for: Interest	`InterestPaidNet`	$6.17K	USD	1 Quarter
Cash paid during the period for: Income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid during the period for: Income taxes	`IncomeTaxesPaid`	$3.60K	USD	1 Quarter

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