10-K Filing

FIEE, INC. CIK: 1467761 FY 2019

Filing Information

Form Type	10-K
Accession Number	`0001654954-20-004069`
Period End Date	20191231
Filing Date	20200415
Fiscal Year	2019
Fiscal Period	FY
XBRL Instance	zmtp-20191231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 53 Income Statement 34 Cash Flow Statement 56 Stockholders Equity 13

Balance Sheet 53 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`	$125.98K	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.22M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$150.00K	USD	Point-in-time
Restricted cash	`RestrictedCash`	-	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	20.93M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	16.12M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.76M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	20.93M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$4.07M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	16.12M	shares	Point-in-time
Inventories	`InventoryNet`	$7.44M	USD	Point-in-time
Inventories	`InventoryNet`	$7.93M	USD	Point-in-time
Deposits on inventory purchases	`DepositsAssetsCurrent`	$723.64K	USD	Point-in-time
Deposits on inventory purchases	`DepositsAssetsCurrent`	$1.83K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$267.91K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$194.95K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$13.15M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$11.73M	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$261.48K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$303.10K	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$102.72K	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	-	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$222.16K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$349.33K	USD	Point-in-time
Total assets	`Assets`	$13.90M	USD	Point-in-time
Total assets	`Assets`	$12.22M	USD	Point-in-time
Bank credit line	`LinesOfCreditCurrent`	$1.74M	USD	Point-in-time
Bank credit line	`LinesOfCreditCurrent`	-	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.02M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.37M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$102.72K	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	-	USD	Point-in-time
Accrued other expenses	`AccruedLiabilitiesCurrent`	$2.23M	USD	Point-in-time
Accrued other expenses	`AccruedLiabilitiesCurrent`	$2.67M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.79M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.34M	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: 40,000,000 shares at $0.01 par value; Issued and outstanding: 20,929,928 shares and 16,124,681 shares at December 31, 2019 and 2018, respectively	`CommonStockValue`	$161.25K	USD	Point-in-time
Common stock: Authorized: 40,000,000 shares at $0.01 par value; Issued and outstanding: 20,929,928 shares and 16,124,681 shares at December 31, 2019 and 2018, respectively	`CommonStockValue`	$209.30K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$46.50M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$41.04M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-40.60M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-37.32M	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 stockholders' equity	`StockholdersEquity`	$6.11M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$12.22M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$13.90M	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`	$37.61M	USD	Annual
Cost of goods sold	`CostOfRevenue`	$20.68M	USD	Annual
Cost of goods sold	`CostOfRevenue`	$26.71M	USD	Annual
Gross profit	`GrossProfit`	$11.64M	USD	Annual
Gross profit	`GrossProfit`	$10.91M	USD	Annual
Selling	`SellingExpense`	$9.22M	USD	Annual
Selling	`SellingExpense`	$8.17M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$1.65M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$2.67M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$2.24M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$1.77M	USD	Annual
Total	`OperatingExpenses`	$11.59M	USD	Annual
Total	`OperatingExpenses`	$14.13M	USD	Annual
Operating profit (loss)	`OperatingIncomeLoss`	$52.68K	USD	Annual
Operating profit (loss)	`OperatingIncomeLoss`	$-3.22M	USD	Annual
Interest income	`InvestmentIncomeInterest`	$13.97K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$285.00	USD	Annual
Interest expense	`InterestExpense`	$48.40K	USD	Annual
Interest expense	`InterestExpense`	$78.40K	USD	Annual
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$4.72K	USD	Annual
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-23.05K	USD	Annual
Total other income (expense), net	`NonoperatingIncomeExpense`	$-29.71K	USD	Annual
Total other income (expense), net	`NonoperatingIncomeExpense`	$-101.16K	USD	Annual
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-3.25M	USD	Annual
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-48.48K	USD	Annual
Income taxes	`IncomeTaxExpenseBenefit`	$24.86K	USD	Annual
Income taxes	`IncomeTaxExpenseBenefit`	$25.80K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-3.28M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-74.28K	USD	Annual
Basic and diluted net income (loss) per share	`EarningsPerShareBasicAndDiluted`	-	USD	Annual
Basic and diluted net income (loss) per share	`EarningsPerShareBasicAndDiluted`	$-0.18	USD	Annual
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	15.96M	shares	Annual
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	18.05M	shares	Annual

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-3.28M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-74.28K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$505.19K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$399.78K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$315.46K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$365.08K	USD	Annual
Amortization of right-of-use assets	`OtherDepreciationAndAmortization`	-	USD	Annual
Amortization of right-of-use assets	`OtherDepreciationAndAmortization`	$292.85K	USD	Annual
Provision (recovery) for accounts receivable allowances	`ProvisionForDoubtfulAccounts`	$264.81K	USD	Annual
Provision (recovery) for accounts receivable allowances	`ProvisionForDoubtfulAccounts`	$-1.08K	USD	Annual
Provision (recovery) for inventory reserves	`InventoryWriteDown`	$-77.70K	USD	Annual
Provision (recovery) for inventory reserves	`InventoryWriteDown`	$18.99K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.57M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$530.01K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-468.34K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$2.65M	USD	Annual
Prepaid expense and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$305.74K	USD	Annual
Prepaid expense and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-648.85K	USD	Annual
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-318.18K	USD	Annual
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	-	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.07M	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.12M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.80M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.54M	USD	Annual
Purchases of plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$174.25K	USD	Annual
Purchases of plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$236.91K	USD	Annual
Certification costs incurred and capitalized	`CertificationCostsIncurredAndCapitalized`	$-93.00K	USD	Annual
Certification costs incurred and capitalized	`CertificationCostsIncurredAndCapitalized`	$-310.00K	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-329.91K	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-484.25K	USD	Annual
Proceeds from stock option exercise	`ProceedsFromStockOptionsExercised`	$379.26K	USD	Annual
Proceeds from stock option exercise	`ProceedsFromStockOptionsExercised`	$60.65K	USD	Annual
Net proceeds from private placement offering	`ProceedsFromIssuanceOfPrivatePlacement`	-	USD	Annual
Net proceeds from private placement offering	`ProceedsFromIssuanceOfPrivatePlacement`	$4.94M	USD	Annual
Net (payments to) proceeds from bank credit lines	`ProceedsFromLinesOfCredit`	$1.65M	USD	Annual
Net (payments to) proceeds from bank credit lines	`ProceedsFromLinesOfCredit`	$-1.74M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.03M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.26M	USD	Annual
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-103.24K	USD	Annual
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.24M	USD	Annual
Cash, cash equivalents, and restricted cash - Beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$229.22K	USD	Point-in-time
Cash, cash equivalents, and restricted cash - Beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.37M	USD	Point-in-time
Cash, cash equivalents, and restricted cash - Beginning	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$125.98K	USD	Point-in-time
Cash, cash equivalents, and restricted cash - Ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$229.22K	USD	Point-in-time
Cash, cash equivalents, and restricted cash - Ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.37M	USD	Point-in-time
Cash, cash equivalents, and restricted cash - Ending	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$125.98K	USD	Point-in-time
Interest	`InterestPaidNet`	$78.40K	USD	Annual
Interest	`InterestPaidNet`	$48.40K	USD	Annual
Income taxes	`IncomeTaxesPaid`	$25.80K	USD	Annual
Income taxes	`IncomeTaxesPaid`	$31.77K	USD	Annual
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$125.98K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.22M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$150.00K	USD	Point-in-time
Restricted cash	`RestrictedCash`	-	USD	Point-in-time
Total Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.37M	USD	Point-in-time
Total Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$125.98K	USD	Point-in-time

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Amount	`StockholdersEquity`	$3.88M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$3.17M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$6.11M	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$-3.28M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-74.28K	USD	Annual
Private investment offering, net of expenses of $57,391; amount	`StockIssuedDuringPeriodValueNewIssues`	$4.94M	USD	Annual
Stock option exercise, Amount	`StockIssuedDuringPeriodValueStockOptionsExercised`	$60.65K	USD	Annual
Stock option exercise, Amount	`StockIssuedDuringPeriodValueStockOptionsExercised`	$379.26K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$505.19K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$399.78K	USD	Annual
Ending Balance, Amount	`StockholdersEquity`	$3.88M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$3.17M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$6.11M	USD	Point-in-time

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