000-53722 | 04-2621506 | |
(Commission File Number) | (I.R.S. Employer Identification No.) |
207 South Street, Boston, MA | 02111 | |
(Address of Principal Executive Offices) | (Zip Code) |
Item 2.02
|
Results of Operations and Financial Condition
|
Item 9.01
|
Financial Statements and Exhibits
|
|
(d)
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Exhibits
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Exhibit Number
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Exhibit Description
|
|
Press release dated May 5, 2016 of Zoom Telephonics, Inc. announcing its financial results for the first quarter ended March 31, 2016.
|
ZOOM TELEPHONICS, INC.
|
|||
Dated: May 12, 2016
|
By:
|
/s/ Philip Frank | |
Philip Frank | |||
Philip Frank, Chief Financial Officer
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|||
Exhibit Number
|
Exhibit Description
|
|
Press release dated May 5, 2016 of Zoom Telephonics, Inc. announcing its financial results for the first quarter ended March 31, 2016.
|
|
3/31/16
|
12/31/15
|
||||||
ASSETS
|
||||||||
Current assets:
|
||||||||
Cash
|
$ | 303 | $ | 1,847 | ||||
Accounts receivable, net
|
1,423 | 1,079 | ||||||
Inventories, net
|
3,316 | 2,785 | ||||||
Prepaid expenses and other
|
859 | 381 | ||||||
Total current assets
|
5,901 | 6,092 | ||||||
Property and equipment, net
|
192 | 205 | ||||||
Other assets
|
621 | 573 | ||||||
Total assets
|
$ | 6,714 | $ | 6,870 | ||||
LIABILITIES AND STOCKHOLDERS’ EQUITY
|
||||||||
Current liabilities:
|
||||||||
Bank debt
|
$ | –– | $ | –– | ||||
Accounts payable
|
1,578 | 1,423 | ||||||
Accrued expenses
|
530 | 293 | ||||||
Total current liabilities
|
2,108 | 1,716 | ||||||
Total liabilities
|
2,108 | 1,716 | ||||||
Stockholders’ equity:
|
||||||||
Common stock and additional paid-in capital
|
38,280 | 38,100 | ||||||
Retained earnings (accumulated deficit)
|
(33,674 | ) | (32,946 | ) | ||||
Total stockholders’ equity
|
4,606 | 5,154 | ||||||
Total liabilities and stockholders’ equity
|
$ | 6,714 | $ | 6,870 |
Three Months Ended
|
||||||||
3/31/16
|
3/31/15
|
|||||||
Net sales
|
$ | 2,721 | $ | 3,059 | ||||
Cost of goods sold
|
1,887 | 2,102 | ||||||
Gross profit
|
834 | 957 | ||||||
Operating expenses:
|
||||||||
Selling
|
746 | 409 | ||||||
General and administrative
|
469 | 249 | ||||||
Research and development
|
347 | 271 | ||||||
Total operating expenses
|
1,562 | 929 | ||||||
Operating profit (loss)
|
(728 | ) | 28 | |||||
Other income (expense), net
|
–– | (23 | ) | |||||
Income (loss) before income taxes
|
(728 | ) | 5 | |||||
Income tax expense (benefit)
|
–– | –– | ||||||
Net income (loss)
|
$ | (728 | ) | $ | 5 | |||
Earnings (loss) per share:
|
||||||||
Basic Earnings (loss) per share
|
$ | (0.05 | ) | $ | (0.00 | ) | ||
Diluted Earnings (loss) per share
|
$ | (0.05 | ) | $ | (0.00 | ) | ||
Weighted average number of shares outstanding:
|
||||||||
Basic
|
13,568 | 7,985 | ||||||
Diluted
|
13,568 | 7,999 |
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