10-K Filing

FIEE, INC. CIK: 1467761 FY 2018

Filing Information

Form Type	10-K
Accession Number	`0001654954-19-003878`
Period End Date	20181231
Filing Date	20190401
Fiscal Year	2018
Fiscal Period	FY
XBRL Instance	zmtp-20181231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 34 Cash Flow Statement 44 Stockholders Equity 12

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
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`	$229.22K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$125.98K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$179.85K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	15.29M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	16.12M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.23M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.76M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	16.12M	shares	Point-in-time
Inventories	`InventoryNet`	$5.20M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	15.29M	shares	Point-in-time
Inventories	`InventoryNet`	$7.93M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$578.41K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$918.59K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$11.73M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$8.24M	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$161.57K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$261.48K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$391.67K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$222.16K	USD	Point-in-time
Total assets	`Assets`	$8.79M	USD	Point-in-time
Total assets	`Assets`	$12.22M	USD	Point-in-time
Bank credit line	`BankLoans`	$1.74M	USD	Point-in-time
Bank credit line	`BankLoans`	$90.26K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.53M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.37M	USD	Point-in-time
Accrued sales tax	`TaxesPayableCurrent`	$219.29K	USD	Point-in-time
Accrued sales tax	`TaxesPayableCurrent`	$831.00K	USD	Point-in-time
Accrued other expenses	`AccruedLiabilitiesCurrent`	$2.01M	USD	Point-in-time
Accrued other expenses	`AccruedLiabilitiesCurrent`	$1.17M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.34M	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: 16,124,681 shares and 15,286,540 shares at December 31, 2018 and 2017, respectively	`CommonStockValue`	$152.87K	USD	Point-in-time
Common stock: Authorized: 25,000,000 shares at $0.01 par value; Issued and outstanding: 16,124,681 shares and 15,286,540 shares at December 31, 2018 and 2017, respectively	`CommonStockValue`	$161.25K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$41.04M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$40.27M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-37.32M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-37.25M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$4.16M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.88M	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`	$12.22M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net sales	`Revenues`	$32.32M	USD	Annual
Net sales	`Revenues`	$29.42M	USD	Annual
Cost of goods sold	`CostOfRevenue`	$20.68M	USD	Annual
Cost of goods sold	`CostOfRevenue`	$19.18M	USD	Annual
Gross profit	`GrossProfit`	$11.64M	USD	Annual
Gross profit	`GrossProfit`	$10.24M	USD	Annual
Selling	`SellingExpense`	$8.17M	USD	Annual
Selling	`SellingExpense`	$7.24M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$1.65M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$2.26M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$1.94M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$1.77M	USD	Annual
Total	`OperatingExpenses`	$11.45M	USD	Annual
Total	`OperatingExpenses`	$11.59M	USD	Annual
Operating profit (loss)	`OperatingIncomeLoss`	$52.68K	USD	Annual
Operating profit (loss)	`OperatingIncomeLoss`	$-1.21M	USD	Annual
Interest income	`InvestmentIncomeInterest`	$100.00	USD	Annual
Interest income	`InvestmentIncomeInterest`	$285.00	USD	Annual
Interest expense	`InterestExpense`	$98.76K	USD	Annual
Interest expense	`InterestExpense`	$78.40K	USD	Annual
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-23.05K	USD	Annual
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-41.36K	USD	Annual
Total other income (expense), net	`NonoperatingIncomeExpense`	$-140.01K	USD	Annual
Total other income (expense), net	`NonoperatingIncomeExpense`	$-101.16K	USD	Annual
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.35M	USD	Annual
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-48.48K	USD	Annual
Income taxes	`IncomeTaxExpenseBenefit`	$14.66K	USD	Annual
Income taxes	`IncomeTaxExpenseBenefit`	$25.80K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-74.28K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-1.37M	USD	Annual
Basic and diluted net income (loss) per share	`EarningsPerShareBasicAndDiluted`	-	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`	15.96M	shares	Annual

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-74.28K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-1.37M	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$399.78K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$196.31K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$365.08K	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`	$-1.08K	USD	Annual
Provision (recovery) for inventory reserves	`InventoryWriteDown`	$200.36K	USD	Annual
Provision (recovery) for inventory reserves	`InventoryWriteDown`	$-77.70K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-269.42K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$530.01K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$2.65M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$476.05K	USD	Annual
Prepaid expense and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-35.12K	USD	Annual
Prepaid expense and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$305.74K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.07M	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.98M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.33M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.80M	USD	Annual
Purchases of plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$236.91K	USD	Annual
Purchases of plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$99.79K	USD	Annual
Cost of other assets	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$93.00K	USD	Annual
Cost of other assets	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$150.00K	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-329.91K	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-249.79K	USD	Annual
Proceeds from stock option exercise	`ProceedsFromStockOptionsExercised`	$379.26K	USD	Annual
Proceeds from stock option exercise	`ProceedsFromStockOptionsExercised`	$181.06K	USD	Annual
Net (payments to) proceeds from bank credit lines	`ProceedsFromLinesOfCredit`	$-1.22M	USD	Annual
Net (payments to) proceeds from bank credit lines	`ProceedsFromLinesOfCredit`	$1.65M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.03M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.04M	USD	Annual
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$49.37K	USD	Annual
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-103.24K	USD	Annual
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$229.22K	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$125.98K	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$179.85K	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$229.22K	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$125.98K	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$179.85K	USD	Point-in-time
Interest	`InterestPaidNet`	$78.40K	USD	Annual
Interest	`InterestPaidNet`	$98.76K	USD	Annual
Income taxes	`IncomeTaxesPaid`	$25.80K	USD	Annual
Income taxes	`IncomeTaxesPaid`	$14.66K	USD	Annual

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Amount	`StockholdersEquity`	$4.16M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$3.88M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$3.17M	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$-74.28K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-1.37M	USD	Annual
Stock option exercise, Amount	`StockIssuedDuringPeriodValueStockOptionsExercised`	$379.26K	USD	Annual
Stock option exercise, Amount	`StockIssuedDuringPeriodValueStockOptionsExercised`	$181.06K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$399.78K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$196.31K	USD	Annual
Ending Balance, Amount	`StockholdersEquity`	$4.16M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$3.88M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$3.17M	USD	Point-in-time

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