Minim (MINM) 10-Q 16 Aug 21 2021 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2021	Aug. 11, 2021
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2021
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2021
Current Fiscal Year End Date	--12-31
Entity File Number	1-37649
Entity Registrant Name	MINIM, INC.
Entity Central Index Key	0001467761
Entity Tax Identification Number	04-2621506
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	848 Elm Street
Entity Address, City or Town	Manchester
Entity Address, State or Province	NH
Entity Address, Postal Zip Code	03101
City Area Code	833
Local Phone Number	966-4646
Title of 12(b) Security	Common Stock, $0.01 per share
Trading Symbol	MINM
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		45,831,239

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Current assets
Cash and cash equivalents	$ 812,373	$ 771,757
Restricted cash	750,000	800,000
Accounts receivable, net of allowance of doubtful accounts of $173,603 as of June 30, 2021 and December 31, 2020	9,254,845	9,203,334
Inventories, net	19,579,030	16,504,840
Prepaid expenses and other current assets	304,455	399,119
Total current assets	30,700,703	27,679,050
Equipment, net	633,662	455,066
Operating lease right-of-use assets, net	91,179	86,948
Goodwill	58,872	58,872
Intangible assets, net	332,963	388,629
Other assets	845,855	942,404
Total assets	32,663,234	29,610,969
Current liabilities
Bank credit line	7,228,672	2,442,246
Accounts payable	12,204,708	11,744,834
Current maturities of government loan	60,470	65,225
Current maturities of operating lease liabilities	92,654	65,651
Accrued expenses	5,045,579	7,465,063
Deferred revenue, current	349,961
Total current liabilities	24,982,044	21,783,019
Long term government loan, less current maturities		15,245
Operating lease liabilities, less current maturities		22,235
Deferred revenue, noncurrent	652,899
Total Liabilities	25,634,943	21,820,499
Commitments and Contingencies (Note 6)
Stockholders’ equity
Common Stock: Authorized: 40,000,000 shares at $0.01 par value; issued and outstanding: 35,631,239 shares at June 30, 2021 and 35,074,922 shares at December 31, 2020, respectively	356,350	350,749
Additional paid-in capital	65,858,315	64,526,664
Accumulated deficit	(59,186,374)	(57,086,943)
Total stockholders’ equity	7,028,291	7,790,470
Total liabilities and stockholders’ equity	$ 32,663,234	$ 29,610,969

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 173,603	$ 173,603
Common stock, authorized	40,000,000	40,000,000
Common stock, par value	$ 0.01	$ 0.01
Common stock, issued	35,631,239	35,074,922
Common stock, outstanding	35,631,239	35,074,922

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Income Statement [Abstract]
Net sales	$ 14,893,145	$ 10,272,757	$ 29,910,719	$ 22,228,360
Cost of goods sold	10,415,427	8,148,888	20,329,211	17,009,273
Gross profit	4,477,718	2,123,869	9,581,508	5,219,087
Operating expenses:
Selling and marketing	3,209,247	2,283,490	6,383,196	4,637,733
General and administrative	1,326,493	716,166	2,403,861	1,544,105
Research and development	1,386,358	644,492	2,774,530	1,297,244
Total operating expenses	5,922,098	3,644,148	11,561,587	7,479,082
Operating loss	(1,444,380)	(1,520,279)	(1,980,079)	(2,259,995)
Other income (expense):
Interest expense, net	(78,041)	(2,242)	(106,362)	(7,640)
Other, net		892	20,000	443
Total other income (expense)	(78,041)	(1,350)	(86,362)	(7,197)
Loss before income taxes	(1,522,421)	(1,521,629)	(2,066,441)	(2,267,192)
Income taxes	31,490	6,356	32,990	12,672
Net loss	$ (1,553,911)	$ (1,527,985)	$ (2,099,431)	$ (2,279,864)
Net loss per share:
Basic and diluted	$ (0.04)	$ (0.07)	$ (0.06)	$ (0.10)
Basic and diluted weighted average common and common equivalent shares	35,482,181	22,275,441	35,368,931	21,776,101

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Dec. 31, 2019	$ 209,299	$ 46,496,330	$ (40,596,638)	$ 6,108,991
Beginning balance, shares at Dec. 31, 2019	20,929,928
Net loss			(751,879)	(751,879)
Stock option exercises	$ 3,468	194,190		197,658
Stock option exercise, shares	346,834
Stock-based compensation		127,053		127,053
Ending balance, value at Mar. 31, 2020	$ 212,767	46,817,573	(41,348,517)	5,681,823
Ending balance, shares at Mar. 31, 2020	21,276,762
Beginning balance, value at Dec. 31, 2019	$ 209,299	46,496,330	(40,596,638)	6,108,991
Beginning balance, shares at Dec. 31, 2019	20,929,928
Net loss				(2,279,864)
Stock-based compensation				194,601
Ending balance, value at Jun. 30, 2020	$ 237,814	50,237,836	(42,876,502)	7,599,148
Ending balance, shares at Jun. 30, 2020	23,781,431
Beginning balance, value at Mar. 31, 2020	$ 212,767	46,817,573	(41,348,517)	5,681,823
Beginning balance, shares at Mar. 31, 2020	21,276,762
Net loss			(1,527,985)	(1,527,985)
Private investment offering, net of offering costs of $237,030	$ 22,371	3,140,999		3,163,370
Private investment offering, net of offering costs of $237,030, shares	2,237,103
Stock option exercises	$ 2,676	211,716		214,392
Stock option exercise, shares	267,566
Stock-based compensation		67,548		67,548
Ending balance, value at Jun. 30, 2020	$ 237,814	50,237,836	(42,876,502)	7,599,148
Ending balance, shares at Jun. 30, 2020	23,781,431
Beginning balance, value at Dec. 31, 2020	$ 350,749	64,526,664	(57,086,943)	7,790,470
Beginning balance, shares at Dec. 31, 2020	35,074,922
Net loss			(545,520)	(545,520)
Stock option exercises	$ 2,879	376,268		379,147
Stock option exercise, shares	287,932
Stock-based compensation		404,718		404,718
Ending balance, value at Mar. 31, 2021	$ 353,628	65,307,650	(57,632,463)	8,028,815
Ending balance, shares at Mar. 31, 2021	35,362,854
Beginning balance, value at Dec. 31, 2020	$ 350,749	64,526,664	(57,086,943)	7,790,470
Beginning balance, shares at Dec. 31, 2020	35,074,922
Net loss				(2,099,431)
Stock-based compensation				615,842
Ending balance, value at Jun. 30, 2021	$ 356,350	65,858,315	(59,186,374)	7,028,291
Ending balance, shares at Jun. 30, 2021	35,631,239
Beginning balance, value at Mar. 31, 2021	$ 353,628	65,307,650	(57,632,463)	8,028,815
Beginning balance, shares at Mar. 31, 2021	35,362,854
Net loss			(1,553,911)	(1,553,911)
Stock option exercises	$ 2,722	339,541		342,263
Stock option exercise, shares	268,385
Stock-based compensation		211,124		211,124
Ending balance, value at Jun. 30, 2021	$ 356,350	$ 65,858,315	$ (59,186,374)	$ 7,028,291
Ending balance, shares at Jun. 30, 2021	35,631,239

Consolidated Statements of St_2

Consolidated Statements of Stockholders' Equity (Unaudited) (Parenthetical)	3 Months Ended
	Jun. 30, 2020USD ($)
Statement of Stockholders' Equity [Abstract]
Offering Costs	$ 237,030

Condensed Consildated Statement

Condensed Consildated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Cash flows used in operating activities:
Net loss	$ (2,099,431)	$ (2,279,864)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	337,463	96,546
Amortization of right-of-use assets	54,971	54,640
Stock-based compensation	615,842	194,601
Provision recovery of accounts receivable allowances		(112,308)
Provision for inventory reserves	118,927	9,578
Non-cash loan forgiveness	(20,000)
Non-cash interest expense	13,999
Changes in operating assets and liabilities:
Accounts receivable	(51,511)	(817,929)
Inventories	(3,193,116)	2,808,903
Prepaid expenses and other current assets	94,664	44,604
Other assets	(65,898)
Accounts payable	454,713	2,106,480
Accrued expenses	(2,377,861)	1,155,687
Deferred revenue	966,399
Operating lease liabilities	(54,434)	(54,506)
Net cash used in operating activities	(5,205,273)	3,206,431
Cash flows from investing activities:
Purchases of equipment	(297,947)	(71,910)
Certification costs incurred and capitalized		(308,000)
Net cash used in investing activities	(297,947)	(379,910)
Cash flows from financing activities:
Net proceeds from bank credit lines	4,865,332
Proceeds from debt		583,300
Net proceeds from private placement offering		3,163,370
Bank credit line	(92,905)
Proceeds from stock option exercises	721,409	412,050
Net cash provided by financing activities	5,493,836	4,158,720
Net change in cash	(9,383)	6,985,241
Cash, cash equivalents, and restricted cash - Beginning	1,571,757	1,366,893
Cash, cash equivalents, and restricted cash - Ending	1,562,373	8,352,134
Cash paid during the period for:
Interest	106,417	8,432
Income taxes	$ 32,990	$ 12,672

NATURE OF OPERATIONS AND BASIS

NATURE OF OPERATIONS AND BASIS OF PRESENTATION	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
NATURE OF OPERATIONS AND BASIS OF PRESENTATION	(1) NATURE OF OPERATIONS AND BASIS OF PRESENTATION Minim, Inc., formerly known as Zoom Telephonics, Inc., and its wholly owned subsidiaries, Zoom Connectivity, Inc. and MTRLC LLC, are herein collectively referred to as the “Company”. We deliver innovative Internet access products that reliably and securely connect homes and offices around the world. We are the exclusive global license holder to the Motorola brand for home networking hardware. The Company designs and manufactures products including cable modems, cable modem/routers, mobile broadband modems, wireless routers, Multimedia over Coax (“MoCA”) adapters and mesh home networking devices. Our AI-driven cloud software platform and applications make network management and security simple for home and business users, as well as the service providers that assist them— leading to higher customer satisfaction and decreased support burden. On June 3, 2021, the Company filed with the Secretary of State of the State of Delaware a Certificate of Amendment to its Certificate of Incorporation to change its legal corporate name from “Zoom Telephonics, Inc.” to “Minim, Inc.”, effective as of June 3, 2021. On July 7, 2021, the Company’s common stock, $ 0.01 Basis of Presentation The accompanying unaudited consolidated financial statements, including the accounts of Minim, Inc. and its wholly-owned subsidiaries, have been prepared in accordance with the requirements of the U.S. Securities and Exchange Commission (“SEC”) for interim reporting. As permitted under those rules, certain footnotes or other financial information that are normally required by U.S. generally accepted accounting principles (“GAAP”) can be condensed or omitted. In the opinion of management, the financial statements include all normal and recurring adjustments that are considered necessary for the fair presentation of the Company’s financial position and operating results. All intercompany balances and transactions have been eliminated in consolidation. The information included in this Quarterly Report on Form 10-Q should be read in conjunction with the audited financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020. The results of the Company’s operations can vary during each quarter of the year. Therefore, the results and trends in these interim financial statements may not be the same as those for the full year or any future periods. Certain prior year amounts have been reclassified to conform to the current year presentation. None of the reclassifications impacted the consolidated statements of operations for the period ended June 30, 2020. Use of Estimates The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expense during the reporting period. Actual results may differ from those estimates. Significant estimates made by the Company include: 1) allowance for doubtful accounts for accounts receivable (collectability); 2) contract liabilities (sales returns, and other variable considerations); 3) asset valuation allowance for deferred income tax assets; 4) write-downs of inventory for slow-moving and obsolete items, and market valuations; and 5) stock-based compensation. Zoom Connectivity Merger On November 12, 2020, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Zoom Connectivity, Inc., (“Zoom Connectivity”), a Delaware corporation, that designs, develops, sells and supports an IoT security platform that enables and secures a better connected home. Under the Merger Agreement, Elm Acquisition Sub, Inc., a wholly-owned subsidiary of the Company, was merged with and into Zoom Connectivity in exchange for 10,784,534 Immediately prior to closing of the Merger Agreement, the majority stockholder of the Company was also the majority stockholder of Zoom Connectivity. As a result of the common ownership upon closing of the transaction, the merger was considered a common-control transaction and was outside the scope of the business combination guidance in ASC 805-50. The entities are deemed to be under common control as of October 9, 2020, which was the date that the majority stockholder acquired control of the Company and, therefore, held control over both companies. The consolidated financial statements incorporate Zoom Connectivity’s financial results and financial information for the period beginning October 9, 2020, and the comparative information of the prior period does not include the financial results of Zoom Connectivity prior to October 9, 2020. The merger of the Company with Zoom Connectivity is referred to as the “Zoom Connectivity Merger” within these financial statements.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	(2) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The Company’s significant accounting policies are disclosed in its Annual Report on Form 10-K for the year ended December 31, 2020. The Company’s significant accounting policies did not change during the six months ended June 30, 2021. Recently Adopted Accounting Standards In December 2019, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) ASU 2019-12 “ Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes Recently Issued Accounting Standards In June 2016, the FASB issued ASU No. 2016-13, “ Financial Instruments Credit Losses —Measurement of Credit Losses on Financial Instruments With the exception of the new standards discussed above, there have been no other new accounting pronouncements that have significance, or potential significance, to the Company’s financial condition, results of operations and cash flows.

REVENUE RECOGNITION

REVENUE RECOGNITION	6 Months Ended
	Jun. 30, 2021
Revenue from Contract with Customer [Abstract]
REVENUE RECOGNITION	(3) REVENUE RECOGNITION The Company primarily sells hardware products to its customers. The hardware products include cable modems and gateways, mobile broadband modems, wireless routers, MoCA adapters and mesh home networking devices. The Company derives its net sales primarily from the sales of hardware products to computer peripherals retailers, computer product distributors, OEMs, and direct to consumers and other channel partners via the Internet. The Company accounts for point-of-sale taxes on a net basis. The Company also sells and earns revenues from software as a service (“SaaS”), including software service that enables and secures a better-connected home with the AI-driven smart home WiFi management and security platform. Customers do not have the contractual right or ability to take possession of the hosted software. The Company has concluded that transfer of control of its hardware products transfers to the customer upon shipment or delivery, depending on the delivery terms of the purchase agreement. Revenues from sales of hardware products are recognized at a point in time upon transfer of control. The Company sells software as a SaaS offering. The SaaS agreements are offered over a defined contract period, generally one year, and are sold to Internet service providers, who then promote the services to their subscribers. These services are available as an on-demand application over the defined term. The agreements include service offerings, which deliver applications and technologies via cloud-based deployment models that the Company develops functionality for, provides unspecified updates and enhancements for, and hosts, manages, provides upgrade and support for the customers access by entering into solution agreements for a stated period. The monthly fees charged to the customers are based on the number of subscribers utilizing the services each month, and the revenue recognized generally corresponds to the monthly billing amounts as the services are delivered. Multiple Performance Obligations During the six months ended June 30, 2021, the Company introduced new hardware products that include SaaS software services as a bundled product to its customers. The Company accounts for these sales in accordance with the multiple performance obligation guidance of ASC Topic 606. For multiple performance obligation contracts, the Company accounts for the promises separately as individual performance obligations if they are distinct. Performance obligations are determined to be distinct if they are both capable of being distinct and distinct within the context of the contract. In determining whether performance obligations meet the criteria of being distinct, the Company considers a number of factors, such as degree of interrelation and interdependence between obligations, and whether or not the good or service significantly modifies or transforms another good or service in the contract. SaaS included with certain hardware products is considered distinct from the hardware, and therefore the hardware and SaaS software services offerings are treated as separate performance obligations. After identifying the separate performance obligations, the transaction price is allocated to the separate obligations on a relative standalone selling price basis (“SSP”). SSP’s are generally determined based on the prices charged to customers when the performance obligation is sold separately or using an adjusted market assessment. The estimated SSP of the hardware and SaaS offerings are directly observable from the sales of those products and software based on a range of prices. Revenue is recognized for each distinct performance obligation as control is transferred to the customer. In general, control of the hardware transfers to the customer at time of shipment or delivery while the SaaS offering is delivered over the service period. Revenue attributable to hardware products bundled with SaaS offerings are recognized at the time control of the product transfers to the customer. The transaction price allocated to the SaaS offering is recognized ratably beginning when the customer is expected to activate their account and over a three-year period that the Company has estimated based on the expected replacement of the hardware. The following table includes estimated revenue expected to be recognized in the future related to performance obligations for the SaaS offering that are unsatisfied or (partially unsatisfied) as of June 30, 2021: SCHEDULE OF PERFORMANCE OBLIGATIONS 1 year 2 years Greater than 2 years Total Performance obligations $ 349,961 $ 330,391 $ 322,508 $ 1,002,860 Other considerations of ASC 606 include the following: ● Warranties ● Returned Goods 1.3 775 ● Price protection ● Volume Rebates and Promotion Programs 113 384 Contract Balances The Company records accounts receivable when it has an unconditional right to consideration. Contract liabilities are recorded when cash payments are received or due in advance of performance. Contract liabilities consist of deferred revenue, where the Company has unsatisfied performance obligations. The following table reflects the contract balances as of periods ended: SCHEDULE OF CONTRACT BALANCES Balance Sheet Location June 30, 2021 December 31, 2020 Accounts receivable, net Accounts receivable, net $ 9,254,845 $ 9,203,334 Contract liabilities - current Deferred revenue, current $ 349,961 $ — Contract liabilities – non-current Deferred revenue, non-current $ 652,899 $ — The Company’s business is controlled as a single operating segment that consists of the manufacture and sale of cable modems and gateway, and the majority of the Company’s customers are retailers and distributors. Disaggregated revenue by distribution channel for three and six months ended: SCHEDULE OF DISAGGREGATION OF REVENUE 2021 2020 2021 2020 Three Months Ended June 30, Six Months Ended June 30, 2021 2020 2021 2020 Retailers $ 12,995,760 $ 8,321,755 $ 26,787,278 $ 19,296,044 Distributors 1,872,934 1,587,617 2,786,084 2,185,146 Other 24,451 363,385 337,357 747,170 Total $ 14,893,145 $ 10,272,757 $ 29,910,719 $ 22,228,360 Disaggregated revenue by product for three and six months ended: 2021 2020 2021 2020 Three Months Ended June 30, Six Months Ended June 30, 2021 2020 2021 2020 Cable Modems & gateways $ 12,808,320 $ 9,192,784 $ 27,395,410 $ 20,362,794 Software as a service 152,704 — 277,376 — Other 1,932,121 1,079,973 2,237,933 1,865,566 Total $ 14,893,145 $ 10,272,757 $ 29,910,719 $ 22,228,360 Revenues $ 14,893,145 $ 10,272,757 $ 29,910,719 $ 22,228,360

INVENTORIES

INVENTORIES	6 Months Ended
	Jun. 30, 2021
Inventory Disclosure [Abstract]
INVENTORIES	(4) INVENTORIES SCHEDULE OF INVENTORIES Inventories consist of : June 30, 2021 December 31, 2020 Raw materials $ 1,521,699 $ 1,238,332 Work in process 7,414 84,203 Finished goods 18,049,917 15,182,305 Total $ 19,579,030 $ 16,504,840 Finished goods include consigned inventory held by our customers of approximately $ 3.4 2.3 5.6 6.2 214 139

ACCRUED EXPENSES

ACCRUED EXPENSES	6 Months Ended
	Jun. 30, 2021
Payables and Accruals [Abstract]
ACCRUED EXPENSES	(5) ACCRUED EXPENSES Accrued expenses consisted of the following: SCHEDULE OF ACCRUED EXPENSES June 30, 2021 December 31, 2020 Inventory $ 280,408 $ 1,458,850 Payroll & related compensation 149,100 853,402 Professional fees 588,156 618,308 Royalty costs 1,586,571 1,906,439 Sales allowances 1,714,068 1,559,847 Sales and use tax 70,528 183,264 Other 656,748 884,953 Total accrued other expenses $ 5,045,579 $ 7,465,063

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	(6) COMMITMENTS AND CONTINGENCIES (a) Lease Obligations In May 2020, the Company signed a two 3,218 The agreement includes a one-time option to cancel the second year of lease with three months advance notice. 13 4 27 4 Upon the completion of the Zoom Connectivity Merger, the Company assumed Zoom Connectivity’s office facility lease located at the 848 Elm Street in Manchester, NH. The two 2,656 8 15 In June 2019, the Company signed a twelve June 30, 2020 134 261 The Company performs most of the final assembly, testing, packaging, warehousing and distribution at an approximately 24,000 On April 16, 2021, the Company signed a lease extension to November 30, 2021. 22 49 The Company also had a lease for approximately 1,550 1,500 35 71 At inception of a lease the Company determines whether that lease meets the classification criteria of a finance or operating lease. Some of the Company’s lease arrangements contain lease components (e.g., minimum rent payments) and non-lease components (e.g., maintenance, labor charges, etc.). The Company generally accounts for each component separately based on the estimated standalone price of each component. As of June 30, 2021, the Company’s estimated future minimum committed rental payments, excluding executory costs, under the operating leases described above to their expiration or the earliest possible termination date, whichever is sooner. There is no future minimum committed rental payment that extend beyond 2022. Operating leases are included in operating lease right-of-use assets, operating lease liabilities, and long-term operating lease liabilities on the consolidated balance sheets. These assets and liabilities are recognized at the commencement date based on the present value of remaining lease payments over the lease term using the Company’s secured incremental borrowing rates or implicit rates, when readily determinable. Short-term operating leases, which have an initial term of 12 months or less, are not recorded on the balance sheet. Lease expense for operating leases is recognized on a straight-line basis over the lease term. Lease expense is included in general and administrative expenses on the consolidated statements of operations. The following table presents information about the amount and timing of the Company’s operating leases as of June 30, 2021. SCHEDULE OF LEASE MATURITY June 30, 2021 Maturity of Lease Liabilities Lease Payments 2021 (remaining) $ 72,741 2022 22,794 Less: Imputed interest (2,881 ) Present value of operating lease liabilities $ 92,654 Balance Sheet Classification Current maturities of operating lease liabilities $ 92,654 Operating lease liabilities, less current maturities — Total operating lease liabilities $ 92,654 Other Information Weighted-average remaining lease term for operating leases 0.7 Weighted-average discount rate for operating leases 7.1 % Cash Flows During the three months ended June 30, 2021 and 2020, the Company recorded an additional lease liability and corresponding right-of-use asset of $ 59 96 58 55 55 55 Supplemental cash flow information and non-cash activity related to our operating leases are as follows: SCHEDULE OF SUPPLEMENTAL CASH FLOW INFORMATION RELATED TO OPERATING LEASES 2021 2020 Six Months Ended June 30, 2021 2020 Operating cash flow information: Amounts included in measurement of lease liabilities $ 59,202 $ 57,404 Non-cash activities: Right-of-use assets obtained in exchange for lease obligations $ 59,202 $ 96,199 (b) Commitments The Company is party to a license agreement with Motorola Mobility LLC pursuant to which the Company has an exclusive license to use certain trademarks owned by Motorola Trademark Holdings, LLC for the manufacture, sale and marketing of consumer cable modem products, consumer routers, WiFi range extenders, MoCa adapters, cellular sensors, home powerline network adapters, and access points worldwide through a wide range of authorized sales channels. The license agreement, has a term ending December 31, 2025. In connection with the License Agreement, the Company has committed to reserve a certain percentage of wholesale prices for use in advertising, merchandising and promotion of the related products. Additionally, the Company is required to make quarterly royalty payments equal to a certain percentage of the preceding quarter’s net sales with minimum annual royalty payments as follows: SCHEDULE OF MINIMUM ANNUAL ROYALTY PAYMENTS Years ending December 31, 2021 (remaining) $ 3,175,000 2022 6,600,000 2023 6,850,000 2024 7,100,000 2025 7,100,000 Total $ 30,825,000 Total minimum royalty payments $ 30,825,000 Royalty expense under the license agreement was $ 1.6 1.3 3.2 2.5 (c) Contingencies The Company is party to various lawsuits and administrative proceedings arising in the ordinary course of business. The Company evaluates such lawsuits and proceedings on a case-by-case basis, and its policy is to vigorously contest any such claims which it believes are without merit. On February 16, 2021, the Company received a letter from a law firm representing a purported stockholder of the Company requesting the opportunity to review certain books and records of the Company to investigate the possibility of breaches of fiduciary duty by current and former members of the Board of Directors and the Company’s controlling stockholder in connection with his and his affiliates’ acquisition of majority control of the Company without compensating the Company’s minority stockholders and the acquisition by merger of Zoom Connectivity in which he held a substantial equity stake. The parties have been in negotiations with the counsel for the purported stockholder to resolve this matter. The Company believes that the resolution of this matter is likely to include the imposition of certain corporate governance restrictions, which would expand on current practices of the Company over a longer period of time than the standstill agreement currently in effect with the Company’s controlling stockholder, on the Company and the controlling stockholder and his affiliates and the payment of legal expenses. The matter is under negotiation and is subject to change based upon the negotiations and any other factors that may arise. There can be no assurance that this matter will be resolved on satisfactory terms. On June 29, 2021, the Company received a letter from a law firm representing a purported stockholder of the Company making a litigation demand on behalf of the Company and its stockholders to address certain alleged misconduct by the Company’s Board of Directors in connection with the implementation of an amendment to the Company’s Amended and Restated Certificate of Incorporation without having received proper stockholder approval thereof as required under Delaware corporation law. The letter demanded that the Board of Directors take immediate action to: deem the amendment ineffective and make appropriate disclosure of that fact and seek a valid stockholder approval of the amendment; and adopt and implement adequate internal controls and systems at the Company designed to prohibit and prevent a recurrence of the circumstances. The letter requested a response or contact with the law firm on or before July 16, 2021. On June 30, 2021, the Company filed with the Delaware Secretary of State a Certificate of Correction to void the previously filed amendment to the Company’s Amended and Restated Certificate of Incorporation. The Company filed an amendment to a Current Report on Form 8-K to disclose these matters. The Company held a special meeting of stockholders on July 22, 2021 and received the requisite stockholder approval of the amendment. On July 23, 2021, the Company filed with the Delaware Secretary of State an amendment to the Company’s Amended and Restated Certificate of Incorporation to increase the number of authorized shares of capital stock to 62,000,000 60,000,000 2,000,000 The Company reviews the status of its legal proceedings and records a provision for a liability when it is considered probable that both a liability has been incurred and the amount of the loss can be reasonably estimated. This review is updated periodically as additional information becomes available. If both of the criteria are not met, the Company reassesses whether there is at least a reasonable possibility that a loss, or additional losses, may be incurred. If there is a reasonable possibility that a loss may be incurred, the Company discloses the estimate of the amount of the loss or range of losses, that the amount is not material, or that an estimate of the loss cannot be made. Except for the matter disclosed above, at June 30, 2021, the Company is not currently a party to any legal proceedings that, if determined adversely to the Company, in management’s opinion, are currently expected to individually or in the aggregate have a material adverse effect on the Company’s business, operating results or financial condition taken as a whole. The Company expenses its legal fees as incurred. In the ordinary course of its business, in addition to the matters described above, the Company is subject to lawsuits, arbitrations, claims, and other legal proceedings in connection with their business. Some of such additional proceedings include claims for substantial or unspecified compensatory and/or punitive damages. A substantial adverse judgment or other unfavorable resolution of such matters could have a material adverse effect on the Company’s financial condition, results of operations, and cash flows. Management believes that the Company has adequate legal defenses with respect to such additional legal proceedings to which it is a defendant or respondent and that the outcome of such proceedings is not likely to have a material adverse effect on the financial condition, results of operations, or cash flows of the Company. However, the Company is unable to predict the outcome of these matters.

BANK CREDIT LINES AND GOVERNMEN

BANK CREDIT LINES AND GOVERNMENT LOANS	6 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
BANK CREDIT LINES AND GOVERNMENT LOANS	(7) BANK CREDIT LINES AND GOVERNMENT LOANS Bank Credit Line On December 18, 2012 and as amended, the Company entered into a Financing Agreement with Rosenthal & Rosenthal, Inc. (the “Financing Agreement”). The Financing Agreement provided for up to $ 4.0 5.0 On March 12, 2021, the Company terminated its Financing Agreement with Rosenthal & Rosenthal, Inc. and entered into a new loan and security agreement with Silicon Valley Bank (the “SVB Loan Agreement”). The SVB Loan Agreement provides for a revolving facility up to a principal amount of $ 12.0 March 12, 2023 Loans under the credit facility bear interest at a rate per annum equal to (i) at all times when a streamline period is in effect, the greater of (a) one-half of one percent (0.50%) above the Prime Rate or (b) three and three-quarters of one percent (3.75%) and (ii) at all times when a streamline period is not effect, the greater of (a) one percent (1.0%) above the Prime Rate and (b) four and one-quarter of one percent (4.25%). Interest is payable monthly. The availability of borrowings under the SVB Loan Agreement are subject to certain conditions and requirements, and the borrowing base amount is up to (a) 85% of eligible accounts receivable balances plus (b) the least of (i) 60% of eligible inventory, (ii) 85% of net orderly liquidation value, and (iii) $4.8 million. In conjunction with the SVB Loan Agreement, the Company secured a $ 1.0 The Company incurred $ 93 78 3 106 8 As of June 30, 2021, the Company had $ 7.3 79 2.8 4.25 Government Loans On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) was enacted to provide financial aid to family and businesses impacted by the COVID-19 pandemic. The Company participated in the CARES Act, and on April 15, 2020, the Company entered into a note payable with Primary Bank, a bank under the Small Business Administration (“SBA”), Paycheck Protection Program (“PPP”) in the amount of $ 583 March 15, 2022 1 two years 513 On April 11, 2020, Zoom Connectivity entered into a note payable with Primary Bank and received $ 545 March 11, 2022 1 two years 535 3 In February 2021, the Company received an additional forgiveness of $ 20 For the period ended June 30, 2021, the Company has recorded $ 61 65 15

SIGNIFICANT CUSTOMER AND DEPEND

SIGNIFICANT CUSTOMER AND DEPENDENCY ON KEY SUPPLIERS	6 Months Ended
	Jun. 30, 2021
Risks and Uncertainties [Abstract]
SIGNIFICANT CUSTOMER AND DEPENDENCY ON KEY SUPPLIERS	(8) SIGNIFICANT CUSTOMER AND DEPENDENCY ON KEY SUPPLIERS Relatively few companies account for a substantial portion of the Company’s revenues. In the three months ended June 30, 2021, three companies accounted for 10% or greater individually and 93 78 88 89 85 89 The Company’s customers generally do not enter into long-term agreements obligating them to purchase products. The Company may not continue to receive significant revenues from any of these or from other large customers. A reduction or delay in orders from any of the Company’s significant customers, or a delay or default in payment by any significant customer could materially harm the Company’s business and prospects. Because of the Company’s significant customer concentration, its net sales and operating income could fluctuate significantly due to changes in political or economic conditions, or the loss, reduction of business, or less favorable terms for any of the Company’s significant customers. The Company participates in the PC peripherals industry, which is characterized by aggressive pricing practices, continually changing customer demand patterns and rapid technological developments. The Company’s operating results could be adversely affected should the Company be unable to successfully anticipate customer demand accurately; manage its product transitions, inventory levels and manufacturing process efficiently; distribute its products quickly in response to customer demand; differentiate its products from those of its competitors or compete successfully in the markets for its new products. The Company depends on many third-party suppliers for key components contained in its product offerings. For some of these components, the Company may only use a single source supplier, in part due to the lack of alternative sources of supply. During the three months ended June 30, 2021, the Company had one supplier that provided 99 98

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2021
Income Tax Disclosure [Abstract]
INCOME TAXES	(9) INCOME TAXES During the six months ended June 30, 2021 and 2020, we recorded no We have evaluated the positive and negative evidence bearing upon the Company’s ability to realize its deferred tax assets, which primarily consist of net operating loss carryforwards and research and development tax credits. We considered the history of cumulative net losses, estimated future taxable income and prudent and feasible tax planning strategies and we have concluded that it is more likely than not that we will not realize the benefits of our deferred tax assets. As a result, as of June 30, 2021 and December 31, 2020, we recorded a full valuation allowance against our net deferred tax assets. As of June 30, 2021 and December 31, 2020, the Company had federal net operating loss carry-forwards of approximately $ 64 61.8 2021 15.9 21 19.2 They are due to expire in varying amounts from 2032 through 2040. 31 33 6 13

EARNINGS (LOSS) PER SHARE

EARNINGS (LOSS) PER SHARE	6 Months Ended
	Jun. 30, 2021
Net loss per share:
EARNINGS (LOSS) PER SHARE	(10) EARNINGS (LOSS) PER SHARE Basic earnings (loss) per share is calculated by dividing net income (loss) attributable to common stockholders by the weighted-average number of common shares. Diluted earnings (loss) per share reflects additional common shares that would have been outstanding if dilutive potential shares of Common Stock had been issued. Potential shares of Common Stock that may be issued by the Company include shares of Common Stock that may be issued upon exercise of outstanding stock options. Under the treasury stock method, the unexercised options are assumed to be exercised at the beginning of the period or at issuance, if later. The assumed proceeds are then used to purchase shares of Common Stock at the average market price during the period. Net loss per share for the three and six months ended June 30, 2021 and 2020, respectively, are as follows: SCHEDULE OF NET LOSS PER SHARE June 30, 2021 June 30, 2020 June 30, 2021 June 30, 2020 Three Months Ended Six Months Ended June 30, 2021 June 30, 2020 June 30, 2021 June 30, 2020 Numerator: Net loss $ (1,553,911 ) $ (1,527,985 ) $ (2,099,431 ) $ (2,279,864 ) Denominator: Weighted average common shares - basic 35,482,181 22,275,441 35,368,931 21,776,101 Potentially dilutive common share equivalent 1,511,030 314,493 1.511,030 314,493 Weighted average common shares - dilutive $ 36,993,211 $ 22,589,934 36,879,961 22,090,594 Basic net loss per share $ (0.04 ) $ (0.07 ) $ (0.06 ) $ (0.10 ) Diluted net loss per share $ (0.04 ) $ (0.07 ) $ (0.06 ) $ (0.10 ) Diluted loss per common share excludes the effects of 1,511,030 314,493 1,511,030 314,493

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Jun. 30, 2021
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	(11) RELATED PARTY TRANSACTIONS Zoom Connectivity On November 12, 2020, the Company entered into the Merger Agreement pursuant to which the Company and Zoom Connectivity merged and combined their businesses. Zoom Connectivity offers a cloud WiFi management platform that enables and secures a better-connected home by providing AI-driven WiFi management and IoT security platform for homes, SMBs, and broadband service providers. Mr. Jeremy Hitchcock was Chairman and, together with Ms. Elizabeth Hitchcock, a controlling stockholder of Zoom Connectivity. Prior to the Zoom Connectivity Merger, the Company had licensed Zoom Connectivity software products and, upon completion of the Zoom Connectivity Merger, the Company expected to integrate not only the Zoom Connectivity software with the Company’s hardware products but also to combine Zoom Connectivity’s business-to-business sales channels with the Company’s retail channels. Immediately prior to execution of the Merger Agreement, Mr. Hitchcock, the Company’s Chairman of the Board of Directors, and Ms. Hitchcock, his spouse and a director of the Company, were, through investment vehicles jointly beneficially owned by them, the majority stockholders of both the Company and Zoom Connectivity. Zoom Connectivity Relationship On July 25, 2019, the Company entered into a Master Partnership Agreement with Zoom Connectivity together with a related Statement of Work, License, Collaborative Agreement, Software/Service Availability Agreement and Software/Service Support Level Agreement (collectively, the “Partnership Agreement”). Mr. Hitchcock was the Chairman of Zoom Connectivity. Under the Partnership Agreement, the Company would integrate software and services into certain hardware products distributed by the Company, and Zoom Connectivity would be entitled to certain fees and a portion of revenue received from the end users of such services and software. The Company and Zoom Connectivity entered into an additional Statement of Work on December 31, 2019 providing for further integration of Zoom Connectivity services, with a monthly minimum payment of $ 5 36 months 90 15 45 45 45 no Zoom Connectivity leases office space located at the 848 Elm Street, Manchester, NH. The landlord is an affiliate entity owned by Mr. Hitchcock. The two 2,656 30 8 15

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2021
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	(12) SUBSEQUENT EVENTS On July 7, 2021, the Company’s Common Stock ceased trading on the OTCQB and commenced trading on The Nasdaq Capital Market under the ticker symbol “MINM.” On July 20, 2021, the Company renewed its Manchester, New Hampshire headquarter offices with an effective term from August 1, 2021 to July 31, 2022. 30,000 A proposal on the amendment to our Amended and Restated Certificate of Incorporation was considered but not approved by the stockholders of the Company at its 2021 Annual Meeting of Stockholders held on June 2, 2021. The voting results of this proposal reflected a tabulation report that treated the proposal as “routine”; however, the Company’s proxy materials for the 2021 Annual Meeting of Stockholders described the proposal as “non-routine.” When tabulated as a non-routine matter, this proposal was not approved by the Company’s stockholders. Certain shares of Common Stock beneficially owned by executive officers and directors of the Company who had been stockholders of Zoom Connectivity, inadvertently were not voted at the meeting. If those votes had been cast at the meeting and were voted for the proposal, the proposal would have been approved by the requisite vote of the Company’s stockholders. See Note (6), Commitments and Contingencies in these Notes to Consolidated Financial Statements (Unaudited). On June 30, 2021, the Company filed with the Secretary of State of the State of Delaware a Certificate of Correction to void the previously filed amendment to the Company’s Certificate of Incorporation. The Company held a special meeting of stockholders on July 22, 2021 and received the requisite stockholder approval of the amendment. On July 23, 2021, the Company filed with the Delaware Secretary of State an amendment to the Company’s Amended and Restated Certificate of Incorporation to increase the number of authorized shares of capital stock to 62,000,000 60,000,000 2,000,000 0.001 On July 28, 2021, the Company entered into an underwriting agreement with B. Riley Securities, Inc., as representative (the “Representative”) of the several underwriters named therein (collectively, the “Underwriters”), pursuant to which the Company agreed to issue and sell an aggregate of 10,000,000 2.50 2.32715 1,500,000 22.7 10,000,000 One August 12, 2021, the Company entered into an agreement with Zoom Video Communications, Inc. (“Zoom Video”) to sell, and sold, all of the Company’s right, title and interest in the ZOOM® trademark for cash consideration in the amount of $ 4 The Company has evaluated subsequent events from June 30, 2021 through the date of this filing and has determined that there are no additional events requiring recognition or disclosure in the financial statements.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Recently Adopted Accounting Standards	Recently Adopted Accounting Standards In December 2019, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) ASU 2019-12 “ Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes Recently Issued Accounting Standards In June 2016, the FASB issued ASU No. 2016-13, “ Financial Instruments Credit Losses —Measurement of Credit Losses on Financial Instruments With the exception of the new standards discussed above, there have been no other new accounting pronouncements that have significance, or potential significance, to the Company’s financial condition, results of operations and cash flows.

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)	6 Months Ended
	Jun. 30, 2021
Revenue from Contract with Customer [Abstract]
SCHEDULE OF PERFORMANCE OBLIGATIONS	The following table includes estimated revenue expected to be recognized in the future related to performance obligations for the SaaS offering that are unsatisfied or (partially unsatisfied) as of June 30, 2021: SCHEDULE OF PERFORMANCE OBLIGATIONS 1 year 2 years Greater than 2 years Total Performance obligations $ 349,961 $ 330,391 $ 322,508 $ 1,002,860
SCHEDULE OF CONTRACT BALANCES	The following table reflects the contract balances as of periods ended: SCHEDULE OF CONTRACT BALANCES Balance Sheet Location June 30, 2021 December 31, 2020 Accounts receivable, net Accounts receivable, net $ 9,254,845 $ 9,203,334 Contract liabilities - current Deferred revenue, current $ 349,961 $ — Contract liabilities – non-current Deferred revenue, non-current $ 652,899 $ —
SCHEDULE OF DISAGGREGATION OF REVENUE	Disaggregated revenue by distribution channel for three and six months ended: SCHEDULE OF DISAGGREGATION OF REVENUE 2021 2020 2021 2020 Three Months Ended June 30, Six Months Ended June 30, 2021 2020 2021 2020 Retailers $ 12,995,760 $ 8,321,755 $ 26,787,278 $ 19,296,044 Distributors 1,872,934 1,587,617 2,786,084 2,185,146 Other 24,451 363,385 337,357 747,170 Total $ 14,893,145 $ 10,272,757 $ 29,910,719 $ 22,228,360 Disaggregated revenue by product for three and six months ended: 2021 2020 2021 2020 Three Months Ended June 30, Six Months Ended June 30, 2021 2020 2021 2020 Cable Modems & gateways $ 12,808,320 $ 9,192,784 $ 27,395,410 $ 20,362,794 Software as a service 152,704 — 277,376 — Other 1,932,121 1,079,973 2,237,933 1,865,566 Total $ 14,893,145 $ 10,272,757 $ 29,910,719 $ 22,228,360 Revenues $ 14,893,145 $ 10,272,757 $ 29,910,719 $ 22,228,360

INVENTORIES (Tables)

INVENTORIES (Tables)	6 Months Ended
	Jun. 30, 2021
Inventory Disclosure [Abstract]
SCHEDULE OF INVENTORIES	SCHEDULE OF INVENTORIES Inventories consist of : June 30, 2021 December 31, 2020 Raw materials $ 1,521,699 $ 1,238,332 Work in process 7,414 84,203 Finished goods 18,049,917 15,182,305 Total $ 19,579,030 $ 16,504,840

ACCRUED EXPENSES (Tables)

ACCRUED EXPENSES (Tables)	6 Months Ended
	Jun. 30, 2021
Payables and Accruals [Abstract]
SCHEDULE OF ACCRUED EXPENSES	Accrued expenses consisted of the following: SCHEDULE OF ACCRUED EXPENSES June 30, 2021 December 31, 2020 Inventory $ 280,408 $ 1,458,850 Payroll & related compensation 149,100 853,402 Professional fees 588,156 618,308 Royalty costs 1,586,571 1,906,439 Sales allowances 1,714,068 1,559,847 Sales and use tax 70,528 183,264 Other 656,748 884,953 Total accrued other expenses $ 5,045,579 $ 7,465,063

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	6 Months Ended
	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
SCHEDULE OF LEASE MATURITY	The following table presents information about the amount and timing of the Company’s operating leases as of June 30, 2021. SCHEDULE OF LEASE MATURITY June 30, 2021 Maturity of Lease Liabilities Lease Payments 2021 (remaining) $ 72,741 2022 22,794 Less: Imputed interest (2,881 ) Present value of operating lease liabilities $ 92,654 Balance Sheet Classification Current maturities of operating lease liabilities $ 92,654 Operating lease liabilities, less current maturities — Total operating lease liabilities $ 92,654 Other Information Weighted-average remaining lease term for operating leases 0.7 Weighted-average discount rate for operating leases 7.1 %
SCHEDULE OF SUPPLEMENTAL CASH FLOW INFORMATION RELATED TO OPERATING LEASES	Supplemental cash flow information and non-cash activity related to our operating leases are as follows: SCHEDULE OF SUPPLEMENTAL CASH FLOW INFORMATION RELATED TO OPERATING LEASES 2021 2020 Six Months Ended June 30, 2021 2020 Operating cash flow information: Amounts included in measurement of lease liabilities $ 59,202 $ 57,404 Non-cash activities: Right-of-use assets obtained in exchange for lease obligations $ 59,202 $ 96,199
SCHEDULE OF MINIMUM ANNUAL ROYALTY PAYMENTS	In connection with the License Agreement, the Company has committed to reserve a certain percentage of wholesale prices for use in advertising, merchandising and promotion of the related products. Additionally, the Company is required to make quarterly royalty payments equal to a certain percentage of the preceding quarter’s net sales with minimum annual royalty payments as follows: SCHEDULE OF MINIMUM ANNUAL ROYALTY PAYMENTS Years ending December 31, 2021 (remaining) $ 3,175,000 2022 6,600,000 2023 6,850,000 2024 7,100,000 2025 7,100,000 Total $ 30,825,000 Total minimum royalty payments $ 30,825,000

EARNINGS (LOSS) PER SHARE (Tabl

EARNINGS (LOSS) PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2021
Net loss per share:
SCHEDULE OF NET LOSS PER SHARE	Net loss per share for the three and six months ended June 30, 2021 and 2020, respectively, are as follows: SCHEDULE OF NET LOSS PER SHARE June 30, 2021 June 30, 2020 June 30, 2021 June 30, 2020 Three Months Ended Six Months Ended June 30, 2021 June 30, 2020 June 30, 2021 June 30, 2020 Numerator: Net loss $ (1,553,911 ) $ (1,527,985 ) $ (2,099,431 ) $ (2,279,864 ) Denominator: Weighted average common shares - basic 35,482,181 22,275,441 35,368,931 21,776,101 Potentially dilutive common share equivalent 1,511,030 314,493 1.511,030 314,493 Weighted average common shares - dilutive $ 36,993,211 $ 22,589,934 36,879,961 22,090,594 Basic net loss per share $ (0.04 ) $ (0.07 ) $ (0.06 ) $ (0.10 ) Diluted net loss per share $ (0.04 ) $ (0.07 ) $ (0.06 ) $ (0.10 )

NATURE OF OPERATIONS AND BASI_2

NATURE OF OPERATIONS AND BASIS OF PRESENTATION (Details Narrative) - $ / shares	Nov. 12, 2020	Jun. 30, 2021	Jul. 07, 2021	Dec. 31, 2020
Subsequent Event [Line Items]
Entity listing, description		On July 7, 2021, the Company’s common stock, $0.01 par value per share (the “Common Stock”), ceased trading on the OTCQB and commenced trading on The Nasdaq Capital Market under the ticker symbol “MINM.”
Common stock, par value		$ 0.01		$ 0.01
Shares issued in zoom connectivity merger	10,784,534
Subsequent Event [Member]
Subsequent Event [Line Items]
Common stock, par value			$ 0.01

SCHEDULE OF PERFORMANCE OBLIGAT

SCHEDULE OF PERFORMANCE OBLIGATIONS (Details)	Jun. 30, 2021USD ($)
Disaggregation of Revenue [Line Items]
Performance obligations	$ 1,002,860
1 Year [Member]
Disaggregation of Revenue [Line Items]
Performance obligations	349,961
2 Years [Member]
Disaggregation of Revenue [Line Items]
Performance obligations	330,391
Greater than 2 Years [Member]
Disaggregation of Revenue [Line Items]
Performance obligations	$ 322,508

SCHEDULE OF CONTRACT BALANCES (

SCHEDULE OF CONTRACT BALANCES (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Revenue from Contract with Customer [Abstract]
Accounts receivable, net	$ 9,254,845	$ 9,203,334
Contract liabilities - current	349,961
Contract liabilities – non-current	$ 652,899

SCHEDULE OF DISAGGREGATION OF R

SCHEDULE OF DISAGGREGATION OF REVENUE (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Disaggregation of Revenue [Line Items]
Revenues	$ 14,893,145	$ 10,272,757	$ 29,910,719	$ 22,228,360
Cable Modems & Gateways [Member]
Disaggregation of Revenue [Line Items]
Revenues	12,808,320	9,192,784	27,395,410	20,362,794
Software as a Service [Member]
Disaggregation of Revenue [Line Items]
Revenues	152,704		277,376
Other Hardware [Member]
Disaggregation of Revenue [Line Items]
Revenues	1,932,121	1,079,973	2,237,933	1,865,566
Retailers [Member]
Disaggregation of Revenue [Line Items]
Revenues	12,995,760	8,321,755	26,787,278	19,296,044
Distributors [Member]
Disaggregation of Revenue [Line Items]
Revenues	1,872,934	1,587,617	2,786,084	2,185,146
Other [Member]
Disaggregation of Revenue [Line Items]
Revenues	$ 24,451	$ 363,385	$ 337,357	$ 747,170

REVENUE RECOGNITION (Details Na

REVENUE RECOGNITION (Details Narrative) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Revenue from Contract with Customer [Abstract]
Sales returns accrual	$ 1,300	$ 775
Rebate and promotion accrual amount	$ 113	$ 384

SCHEDULE OF INVENTORIES (Detail

SCHEDULE OF INVENTORIES (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Inventory Disclosure [Abstract]
Raw materials	$ 1,521,699	$ 1,238,332
Work in process	7,414	84,203
Finished goods	18,049,917	15,182,305
Total	$ 19,579,030	$ 16,504,840

INVENTORIES (Details Narrative)

INVENTORIES (Details Narrative) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Inventory Disclosure [Abstract]
Finished goods held by customer	$ 3,400	$ 2,300
In-transit inventory	5,600	6,200
Provision for inventory reserves	$ 214	$ 139

SCHEDULE OF ACCRUED EXPENSES (D

SCHEDULE OF ACCRUED EXPENSES (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Payables and Accruals [Abstract]
Inventory	$ 280,408	$ 1,458,850
Payroll & related compensation	149,100	853,402
Professional fees	588,156	618,308
Royalty costs	1,586,571	1,906,439
Sales allowances	1,714,068	1,559,847
Sales and use tax	70,528	183,264
Other	656,748	884,953
Total accrued other expenses	$ 5,045,579	$ 7,465,063

SCHEDULE OF LEASE MATURITY (Det

SCHEDULE OF LEASE MATURITY (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
2021 (remaining)	$ 72,741
2022	22,794
Less: Imputed interest	(2,881)
Present value of operating lease liabilities	92,654
Current maturities of operating lease liabilities	92,654	$ 65,651
Operating lease liabilities, less current maturities		$ 22,235
Total operating lease liabilities	$ 92,654
Weighted-average remaining lease term for operating leases	8 months 12 days
Weighted-average discount rate for operating leases	7.10%

SCHEDULE OF SUPPLEMENTAL CASH F

SCHEDULE OF SUPPLEMENTAL CASH FLOW INFORMATION RELATED TO OPERATING LEASES (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Amounts included in measurement of lease liabilities	$ 59,000	$ 96,000	$ 59,202	$ 57,404
Right-of-use assets obtained in exchange for lease obligations			$ 59,202	$ 96,199

SCHEDULE OF MINIMUM ANNUAL ROYA

SCHEDULE OF MINIMUM ANNUAL ROYALTY PAYMENTS (Details)	Jun. 30, 2021USD ($)
Commitments and Contingencies Disclosure [Abstract]
2021 (remaining)	$ 3,175,000
2022	6,600,000
2023	6,850,000
2024	7,100,000
2025	7,100,000
Total minimum royalty payments	$ 30,825,000

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details Narrative)	Apr. 16, 2021	Dec. 04, 2020ft²	May 31, 2020ft²	Jun. 30, 2019	Jun. 30, 2021USD ($)ft²shares	Jun. 30, 2020USD ($)	Jun. 30, 2021USD ($)ft²shares	Jun. 30, 2020USD ($)	Jul. 23, 2021shares	Dec. 31, 2020shares
Product Liability Contingency [Line Items]
Amounts included in measurement of lease liabilities					$ 59,000	$ 96,000	$ 59,202	$ 57,404
Reduction in operating lease liability							58	55
Amortization expense of right-of-use assets							55,000	55,000
Royalty expense					$ 1,600,000	1,300,000	$ 3,200,000	2,500,000
Common stock, authorized | shares					40,000,000		40,000,000			40,000,000
Subsequent Event [Member]
Product Liability Contingency [Line Items]
Shares authorized | shares									62,000,000
Common stock, authorized | shares									60,000,000
Preferred stock, authorized | shares									2,000,000
275 Turnpike Executive Park in Canton, MA [Member]
Product Liability Contingency [Line Items]
Lease term			2 years
Lease area | ft²			3,218
Option to cancel lease			The agreement includes a one-time option to cancel the second year of lease with three months advance notice.
Rent expense					$ 13,000	4,000	$ 27,000	4,000
848 Elm Street in Manchester, NH [Member] | Zoom Connectivity, Inc. [Member]
Product Liability Contingency [Line Items]
Lease term		2 years
Lease area | ft²		2,656
Rent expense					$ 8,000		$ 15,000
Lease term description		The two-year facility lease agreement is effective from August 1, 2019 to July 31, 2021
225 Franklin Street, Boston, MA [Member]
Product Liability Contingency [Line Items]
Lease term				12 months
Rent expense						134,000		261,000
Lease expiration date				Jun. 30, 2020
Tijuana, Mexico [Member]
Product Liability Contingency [Line Items]
Lease area | ft²					24,000		24,000
Rent expense					$ 22,000		$ 49,000
Lease extension	On April 16, 2021, the Company signed a lease extension to November 30, 2021.
Boston, MA [Member]
Product Liability Contingency [Line Items]
Rent expense						$ 35,000		$ 71,000
Lease term description							The Company also had a lease for approximately 1,550 square feet in Boston, MA that expired on October 31, 2019 and was terminated effective June 30, 2020. The Company had another lease for approximately 1,500 square feet in Boston that was terminated effective July 31, 2020.
Boston, MA [Member] | Terminated on June 30, 2020 [Member]
Product Liability Contingency [Line Items]
Lease area | ft²					1,550		1,550
Boston, MA [Member] | Terminated on July 31, 2020 [Member]
Product Liability Contingency [Line Items]
Lease area | ft²					1,500		1,500

BANK CREDIT LINES AND GOVERNM_2

BANK CREDIT LINES AND GOVERNMENT LOANS (Details Narrative) - USD ($)

Mar. 12, 2021

Apr. 15, 2020

Feb. 28, 2021

Nov. 30, 2020

Jun. 30, 2021

Jun. 30, 2020

Jun. 30, 2021

Jun. 30, 2020

Feb. 04, 2021

Dec. 31, 2020

Apr. 11, 2020

Dec. 18, 2012

Line of Credit Facility [Line Items]

Line of credit outstanding

$ 7,228,672

$ 7,228,672

$ 2,442,246

Current maturities of long-term loan

60,470

60,470

65,225

Paycheck Protection Program [Member]

Line of Credit Facility [Line Items]

Interest rate

1.00%

Notes payable

$ 583,000

Maturity date

Mar. 15, 2022

Loan term

2 years

Loan forgiveness

$ 20,000

$ 513,000

Current maturities of long-term loan

61,000

61,000

65,000

Long term loan

$ 15,000

Paycheck Protection Program [Member] | Zoom Connectivity, Inc. [Member]

Line of Credit Facility [Line Items]

Interest rate

1.00%

Notes payable

$ 545,000

Maturity date

Mar. 11, 2022

Loan term

2 years

Loan forgiveness

535,000

Forgiveness for accrued interest

$ 3,000

Financing Agreement [Member] | Rosenthal and Rosenthal, Inc. [Member] | Revolving Credit Facility [Member]

Line of Credit Facility [Line Items]

Maximum borrowing capacity

$ 5,000,000

$ 4,000,000

SVB Loan Agreement [Member] | Revolving Credit Facility [Member]

Line of Credit Facility [Line Items]

Maximum borrowing capacity

$ 12,000,000

Agreement maturity date

Mar. 12, 2023

Interest rate terms

Loans under the credit facility bear interest at a rate per annum equal to (i) at all times when a streamline period is in effect, the greater of (a) one-half of one percent (0.50%) above the Prime Rate or (b) three and three-quarters of one percent (3.75%) and (ii) at all times when a streamline period is not effect, the greater of (a) one percent (1.0%) above the Prime Rate and (b) four and one-quarter of one percent (4.25%). Interest is payable monthly.

Borrowings availability conditions

The availability of borrowings under the SVB Loan Agreement are subject to certain conditions and requirements, and the borrowing base amount is up to (a) 85% of eligible accounts receivable balances plus (b) the least of (i) 60% of eligible inventory, (ii) 85% of net orderly liquidation value, and (iii) $4.8 million. In conjunction with the SVB Loan Agreement, the Company secured a $1.0 million commercial credit card line.

Debt discount

$ 93,000

Interest expense

78,000

$ 3,000

106,000

$ 8,000

Line of credit outstanding

7,300,000

7,300,000

Origination cost

79,000

79,000

Available line of credit amount

$ 2,800,000

$ 2,800,000

Interest rate

4.25%

4.25%

SVB Loan Agreement [Member] | Revolving Credit Facility [Member] | Commercial Credit Card [Member]

Line of Credit Facility [Line Items]

Secured loan

$ 1,000,000

SIGNIFICANT CUSTOMER AND DEPE_2

SIGNIFICANT CUSTOMER AND DEPENDENCY ON KEY SUPPLIERS (Details Narrative)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Three Companies [Member]
Concentration Risk [Line Items]
Percent concentration	93.00%	88.00%		89.00%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Two Companies [Member]
Concentration Risk [Line Items]
Percent concentration			85.00%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Two Companies [Member]
Concentration Risk [Line Items]
Percent concentration			78.00%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Four Companies [Member]
Concentration Risk [Line Items]
Percent concentration			89.00%
Inventories [Member] | Supplier Concentration Risk [Member] | One Supplier [Member]
Concentration Risk [Line Items]
Percent concentration	99.00%	98.00%

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Operating Loss Carryforwards [Line Items]
Research and development tax credits	$ 0	$ 0	$ 0	$ 0
Income tax expense	31,490	$ 6,356	32,990	$ 12,672
Domestic Tax Authority [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carry-forwards	64,000,000		$ 64,000,000		$ 61,800,000
Net operating loss carry-forwards expiration year			2021
Net operating loss carry-forward indefinitely	15,900,000		$ 15,900,000
State and Local Jurisdiction [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carry-forwards	$ 21,000,000		$ 21,000,000		$ 19,200,000
Net operating loss carry-forwards expiration description			They are due to expire in varying amounts from 2032 through 2040.

SCHEDULE OF NET LOSS PER SHARE

SCHEDULE OF NET LOSS PER SHARE (Details) - USD ($)	3 Months Ended				6 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2021	Jun. 30, 2020
Net loss per share:
Net loss	$ (1,553,911)	$ (545,520)	$ (1,527,985)	$ (751,879)	$ (2,099,431)	$ (2,279,864)
Weighted average common shares - basic	35,482,181		22,275,441		35,368,931	21,776,101
Potentially dilutive common share equivalent	1,511,030		314,493		1,511.030	314,493
Weighted average common shares - dilutive	36,993,211		22,589,934		36,879,961	22,090,594
Basic net loss per share	$ (0.04)		$ (0.07)		$ (0.06)	$ (0.10)
Diluted net loss per share	$ (0.04)		$ (0.07)		$ (0.06)	$ (0.10)

EARNINGS (LOSS) PER SHARE (Deta

EARNINGS (LOSS) PER SHARE (Details Narrative) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Net loss per share:
Anti-dilutive securities	1,511,030	314,493	1,511,030	314,493

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative)	Dec. 04, 2020ft²	Dec. 31, 2019USD ($)	Jul. 31, 2020USD ($)	Jun. 30, 2021USD ($)	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)
Zoom Connectivity, Inc. [Member] | 848 Elm Street in Manchester, NH [Member]
Related Party Transaction [Line Items]
Lease term description	The two-year facility lease agreement is effective from August 1, 2019 to July 31, 2021
Lease term	2 years
Lease area | ft²	2,656
Annual rental price					$ 30,000
Operating Lease, Expense				$ 8,000	15,000
Partnership Agreement [Member]
Related Party Transaction [Line Items]
Due from related party				0	0
Due to related parties				$ 0	$ 0
Partnership Agreement [Member] | Zoom Connectivity [Member]
Related Party Transaction [Line Items]
Minimum payment for services payable monthly		$ 5,000	$ 15,000
Payment duration		36 months
Minimum purchase requirement of hardware		$ 90,000
Payment to related party						$ 45,000
Related party expense						$ 45,000

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - USD ($)	Aug. 12, 2021	Aug. 02, 2021	Jul. 28, 2021	Jul. 20, 2021	Jul. 23, 2021	Jun. 30, 2021	Dec. 31, 2020
Subsequent Event [Line Items]
Common stock, authorized						40,000,000	40,000,000
Subsequent Event [Member]
Subsequent Event [Line Items]
Shares authorized					62,000,000
Common stock, authorized					60,000,000
Preferred stock, authorized					2,000,000
Preferred stock, par value					$ 0.001
Subsequent Event [Member] | Zoom Video Communications [Member]
Subsequent Event [Line Items]
Cash consideration	$ 4
Subsequent Event [Member] | Underwriters Public Offering [Member]
Subsequent Event [Line Items]
Aggregated shares issued		10,000,000	10,000,000
Offering price per share			$ 2.50
Share price per share			$ 2.32715
Additional shares granted			1,500,000
Aggregate net proceeds		$ 22,700,000
Manchester, New Hampshire [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Lease term description				On July 20, 2021, the Company renewed its Manchester, New Hampshire headquarter offices with an effective term from August 1, 2021 to July 31, 2022.
Annual rental expense				$ 30,000