10-Q Filing

FIEE, INC. CIK: 1467761 Q3 2018

Filing Information

Form Type	10-Q
Accession Number	`0001654954-18-012512`
Period End Date	20180930
Filing Date	20181113
Fiscal Year	2018
Fiscal Period	Q3
XBRL Instance	zmtp-20180930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 76 Cash Flow Statement 48

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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$238.17K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$179.85K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$90.85K	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	15.29M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	16.11M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.23M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$4.40M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	16.11M	shares	Point-in-time
Inventories	`InventoryNet`	$6.30M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	15.29M	shares	Point-in-time
Inventories	`InventoryNet`	$5.20M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$680.41K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$578.41K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$8.24M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$11.62M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$391.67K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$241.00K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$268.64K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$161.57K	USD	Point-in-time
Total assets	`Assets`	$12.13M	USD	Point-in-time
Total assets	`Assets`	$8.79M	USD	Point-in-time
Bank debt	`BankLoans`	$90.26K	USD	Point-in-time
Bank debt	`BankLoans`	$1.95M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.53M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.53M	USD	Point-in-time
Accrued sales tax	`OtherAccruedLiabilitiesCurrent`	$240.97K	USD	Point-in-time
Accrued sales tax	`OtherAccruedLiabilitiesCurrent`	$831.00K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.17M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.88M	USD	Point-in-time
Total liabilities	`Liabilities`	$7.60M	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: 16,106,681 shares at September 30, 2018 and 15,286,540 shares at December 31, 2017	`CommonStockValue`	$152.87K	USD	Point-in-time
Common stock: Authorized: 25,000,000 shares at $0.01 par value Issued and outstanding: 16,106,681 shares at September 30, 2018 and 15,286,540 shares at December 31, 2017	`CommonStockValue`	$161.07K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$40.27M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$40.86M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-37.25M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-36.49M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$4.52M	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`	$12.13M	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net sales	`Revenues`	$8.58M	USD	1 Quarter
Net sales	`Revenues`	$20.56M	USD	3 Qtrs
Net sales	`Revenues`	$9.00M	USD	1 Quarter
Net sales	`Revenues`	$24.86M	USD	3 Qtrs
Cost of goods sold	`CostOfRevenue`	$13.56M	USD	3 Qtrs
Cost of goods sold	`CostOfRevenue`	$15.57M	USD	3 Qtrs
Cost of goods sold	`CostOfRevenue`	$5.73M	USD	1 Quarter
Cost of goods sold	`CostOfRevenue`	$5.52M	USD	1 Quarter
Gross profit	`GrossProfit`	$3.27M	USD	1 Quarter
Gross profit	`GrossProfit`	$9.29M	USD	3 Qtrs
Gross profit	`GrossProfit`	$3.07M	USD	1 Quarter
Gross profit	`GrossProfit`	$6.99M	USD	3 Qtrs
Selling	`SellingExpense`	$1.81M	USD	1 Quarter
Selling	`SellingExpense`	$5.34M	USD	3 Qtrs
Selling	`SellingExpense`	$2.03M	USD	1 Quarter
Selling	`SellingExpense`	$6.21M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$383.48K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.15M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$438.33K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.06M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$457.31K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.37M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.20M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$420.48K	USD	1 Quarter
Total	`OperatingExpenses`	$2.65M	USD	1 Quarter
Total	`OperatingExpenses`	$2.89M	USD	1 Quarter
Total	`OperatingExpenses`	$7.86M	USD	3 Qtrs
Total	`OperatingExpenses`	$8.47M	USD	3 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$381.80K	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$818.55K	USD	3 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$412.62K	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-868.07K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$59.00	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$22.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$230.00	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$39.00	USD	1 Quarter
Interest expense	`InterestExpense`	$44.76K	USD	3 Qtrs
Interest expense	`InterestExpense`	$30.64K	USD	1 Quarter
Interest expense	`InterestExpense`	$87.18K	USD	3 Qtrs
Interest expense	`InterestExpense`	$33.05K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-11.07K	USD	3 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$-385.00	USD	3 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$-320.00	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$65.00	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-33.33K	USD	1 Quarter
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`	$-44.92K	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$382.07K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$348.47K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$773.63K	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-966.26K	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$2.54K	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$4.98K	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$21.49K	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$14.12K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$377.08K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$345.93K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$752.14K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-980.39K	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.02	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.03	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.05	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$-0.07	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$-0.07	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.02	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.02	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.05	USD	3 Qtrs
Basic weighted average common and common equivalent shares	`WeightedAverageNumberOfSharesOutstandingBasic`	15.91M	shares	3 Qtrs
Basic weighted average common and common equivalent shares	`WeightedAverageNumberOfSharesOutstandingBasic`	14.95M	shares	1 Quarter
Basic weighted average common and common equivalent shares	`WeightedAverageNumberOfSharesOutstandingBasic`	14.85M	shares	3 Qtrs
Basic weighted average common and common equivalent shares	`WeightedAverageNumberOfSharesOutstandingBasic`	16.05M	shares	1 Quarter
Diluted weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	16.42M	shares	1 Quarter
Diluted weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	16.63M	shares	3 Qtrs
Diluted weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	16.78M	shares	1 Quarter
Diluted weighted average common and common equivalent shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.85M	shares	3 Qtrs

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$377.08K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$345.93K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$752.14K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-980.39K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$274.34K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$391.18K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$226.16K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$170.07K	USD	3 Qtrs
Provision for accounts receivable allowances	`ProvisionForDoubtfulAccounts`	$540.00	USD	3 Qtrs
Provision for accounts receivable allowances	`ProvisionForDoubtfulAccounts`	$5.65K	USD	3 Qtrs
Provision for (recovery of) inventory reserves	`InventoryWriteDown`	$-120.42K	USD	3 Qtrs
Provision for (recovery of) inventory reserves	`InventoryWriteDown`	$186.44K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.18M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-393.16K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$978.07K	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`	$102.00K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$123.72K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.42M	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.99M	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$689.02K	USD	3 Qtrs
Cost of other assets	`IncreaseDecreaseInOtherCurrentAssets`	$23.56K	USD	3 Qtrs
Cost of other assets	`IncreaseDecreaseInOtherCurrentAssets`	$75.00K	USD	3 Qtrs
Purchases of plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$93.85K	USD	3 Qtrs
Purchases of plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$207.18K	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`	$-230.74K	USD	3 Qtrs
Net funds received from (paid to) bank credit lines	`ProceedsFromLinesOfCredit`	$1.86M	USD	3 Qtrs
Net funds received from (paid to) bank credit lines	`ProceedsFromLinesOfCredit`	$-711.84K	USD	3 Qtrs
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$374.76K	USD	3 Qtrs
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$102.67K	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`	$2.23M	USD	3 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-88.99K	USD	3 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$8.95K	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$229.22K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$238.17K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$179.85K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$90.85K	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`	$238.17K	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`	$90.85K	USD	Point-in-time
Cash paid during the period for: Interest	`InterestPaidNet`	$44.76K	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`	$21.49K	USD	3 Qtrs

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