10-K/A Filing

IEH CORP CIK: 50292 FY 2017

Filing Information

Form Type	10-K/A
Accession Number	`0000891092-18-005301`
Period End Date	20180331
Filing Date	20180713
Fiscal Year	2017
Fiscal Period	FY
XBRL Instance	iehc-20180330.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 51 Income Statement 26 Cash Flow Statement 46 Stockholders Equity 16

Balance Sheet 51 line items

Line Item	Tag	Value	Unit	Period
Allowances for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$11.56K	USD	Point-in-time
Allowances for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$11.56K	USD	Point-in-time
Accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$9.05M	USD	Point-in-time
Accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$9.38M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash	`Cash`	$1.21M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash	`Cash`	$1.75M	USD	Point-in-time
Cash	`Cash`	$1.41M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	10.00M	shares	Point-in-time
Accounts receivable, less allowances for doubtful accounts of $11,562 at March 30, 2018 and March 31, 2017	`AccountsReceivableNetCurrent`	$4.43M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	10.00M	shares	Point-in-time
Accounts receivable, less allowances for doubtful accounts of $11,562 at March 30, 2018 and March 31, 2017	`AccountsReceivableNetCurrent`	$3.11M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.30M	shares	Point-in-time
Inventories (Note 2)	`InventoryNet`	$10.75M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.30M	shares	Point-in-time
Inventories (Note 2)	`InventoryNet`	$8.69M	USD	Point-in-time
Excess payments to accounts receivable factor (Note 5)	`AccountsReceivableFromSecuritization`	$191.43K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.30M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.30M	shares	Point-in-time
Excess payments to accounts receivable factor (Note 5)	`AccountsReceivableFromSecuritization`	$154.96K	USD	Point-in-time
Prepaid expenses and other current assets (Note 3)	`PrepaidExpenseAndOtherAssetsCurrent`	$489.59K	USD	Point-in-time
Prepaid expenses and other current assets (Note 3)	`PrepaidExpenseAndOtherAssetsCurrent`	$1.31M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$17.23M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$14.50M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, less accumulated depreciation and amortization of $9,377,361 at March 30, 2018 and $9,047,324 at March 31, 2017 and (Note 4)	`PropertyPlantAndEquipmentNet`	$2.02M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, less accumulated depreciation and amortization of $9,377,361 at March 30, 2018 and $9,047,324 at March 31, 2017 and (Note 4)	`PropertyPlantAndEquipmentNet`	$2.07M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$54.49K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$54.45K	USD	Point-in-time
Total Assets	`Assets`	$19.35M	USD	Point-in-time
Total Assets	`Assets`	$16.58M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$576.63K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$235.19K	USD	Point-in-time
Accrued corporate income taxes	`AccruedIncomeTaxesCurrent`	$935.76K	USD	Point-in-time
Accrued corporate income taxes	`AccruedIncomeTaxesCurrent`	$599.74K	USD	Point-in-time
Other current liabilities (Note 6)	`OtherLiabilitiesCurrent`	$688.02K	USD	Point-in-time
Other current liabilities (Note 6)	`OtherLiabilitiesCurrent`	$768.37K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.28M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.52M	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.28M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.52M	USD	Point-in-time
Common Stock, $.01 par value; 10,000,000 shares authorized; 2,303,468 shares issued and outstanding at March 30, 2018 and 2,303,468 shares issued and outstanding at March 31, 2017	`CommonStockValue`	$23.04K	USD	Point-in-time
Common Stock, $.01 par value; 10,000,000 shares authorized; 2,303,468 shares issued and outstanding at March 30, 2018 and 2,303,468 shares issued and outstanding at March 31, 2017	`CommonStockValue`	$23.04K	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$3.77M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$3.74M	USD	Point-in-time
Retained earnings (Note 8)	`RetainedEarningsAccumulatedDeficit`	$11.29M	USD	Point-in-time
Retained earnings (Note 8)	`RetainedEarningsAccumulatedDeficit`	$13.28M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$17.07M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$15.05M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$19.35M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$16.58M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
REVENUE, net sales	`Revenues`	$20.13M	USD	Annual
REVENUE, net sales	`Revenues`	$23.47M	USD	Annual
Cost of products sold	`CostOfGoodsAndServicesSold`	$14.73M	USD	Annual
Cost of products sold	`CostOfGoodsAndServicesSold`	$13.10M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$4.01M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.75M	USD	Annual
Interest expense	`InterestExpense`	$53.09K	USD	Annual
Interest expense	`InterestExpense`	$48.18K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$330.04K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$443.43K	USD	Annual
Total Costs and Expenses	`CostsAndExpenses`	$19.12M	USD	Annual
Total Costs and Expenses	`CostsAndExpenses`	$17.35M	USD	Annual
OPERATING INCOME	`OperatingIncomeLoss`	$2.78M	USD	Annual
OPERATING INCOME	`OperatingIncomeLoss`	$4.35M	USD	Annual
OTHER INCOME	`NonoperatingIncomeExpense`	$1.23K	USD	Annual
OTHER INCOME	`NonoperatingIncomeExpense`	$3.07K	USD	Annual
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$4.36M	USD	Annual
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.78M	USD	Annual
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$1.31M	USD	Annual
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$1.79M	USD	Annual
NET INCOME	`NetIncomeLoss`	$1.47M	USD	Annual
NET INCOME	`NetIncomeLoss`	$2.57M	USD	Annual
BASIC AND DILUTED EARNINGS PER COMMON SHARE (Note 1)	`EarningsPerShareBasicAndDiluted`	$0.64	USD	Annual
BASIC AND DILUTED EARNINGS PER COMMON SHARE (Note 1)	`EarningsPerShareBasicAndDiluted`	$1.11	USD	Annual
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING (IN THOUSANDS)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.30M	shares	Annual
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING (IN THOUSANDS)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.30M	shares	Annual

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.47M	USD	Annual
Net income	`NetIncomeLoss`	$2.57M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$330.04K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$443.43K	USD	Annual
Recognition of stock option compensation expense	`ShareBasedCompensation`	$27.98K	USD	Annual
Recognition of stock option compensation expense	`ShareBasedCompensation`	-	USD	Annual
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.32M	USD	Annual
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$895.16K	USD	Annual
(Increase) decrease in excess payments to accounts receivable factor	`IncreaseDecreaseInAccountsReceivableFromSecuritization`	$-36.47K	USD	Annual
(Increase) decrease in excess payments to accounts receivable factor	`IncreaseDecreaseInAccountsReceivableFromSecuritization`	$5.32K	USD	Annual
(Increase) in inventories	`IncreaseDecreaseInInventories`	$1.44M	USD	Annual
(Increase) in inventories	`IncreaseDecreaseInInventories`	$2.07M	USD	Annual
Decrease in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-818.44K	USD	Annual
Decrease in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-69.83K	USD	Annual
(Increase) in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$88.00	USD	Annual
(Increase) in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$38.00	USD	Annual
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$39.36K	USD	Annual
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$341.44K	USD	Annual
Increase in other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$56.74K	USD	Annual
Increase in other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$80.35K	USD	Annual
Increase in accrued corporate income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$305.33K	USD	Annual
Increase in accrued corporate income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$336.02K	USD	Annual
Total adjustments	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-1.42M	USD	Annual
Total adjustments	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-1.42M	USD	Annual
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$52.40K	USD	Annual
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$1.15M	USD	Annual
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$377.04K	USD	Annual
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$595.39K	USD	Annual
NET CASH (USED) BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-595.39K	USD	Annual
NET CASH (USED) BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-377.04K	USD	Annual
Payments of dividend	`PaymentsOfDividends`	-	USD	Annual
Payments of dividend	`PaymentsOfDividends`	$575.87K	USD	Annual
NET CASH (USED) BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	-	USD	Annual
NET CASH (USED) BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-575.87K	USD	Annual
INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$196.25K	USD	Annual
INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-542.99K	USD	Annual
CASH, beginning of period	`Cash`	$1.21M	USD	Point-in-time
CASH, beginning of period	`Cash`	$1.75M	USD	Point-in-time
CASH, beginning of period	`Cash`	$1.41M	USD	Point-in-time
CASH, end of period	`Cash`	$1.21M	USD	Point-in-time
CASH, end of period	`Cash`	$1.75M	USD	Point-in-time
CASH, end of period	`Cash`	$1.41M	USD	Point-in-time
Interest	`InterestPaidNet`	$50.81K	USD	Annual
Interest	`InterestPaidNet`	$42.59K	USD	Annual
Income Taxes	`IncomeTaxesPaidNet`	$684.89K	USD	Annual
Income Taxes	`IncomeTaxesPaidNet`	$942.15K	USD	Annual

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Balances, beginning	`StockholdersEquity`	$15.05M	USD	Point-in-time
Balances, beginning	`StockholdersEquity`	$17.07M	USD	Point-in-time
Balances, beginning	`StockholdersEquity`	$13.58M	USD	Point-in-time
Balances, beginning, shares	`CommonStockSharesOutstanding`	2.30M	shares	Point-in-time
Balances, beginning, shares	`CommonStockSharesOutstanding`	2.30M	shares	Point-in-time
Dividend Payment	`Dividends`	$575.87K	USD	Annual
Recognition of stock option compensation expense (Note 7)	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	-	USD	Annual
Recognition of stock option compensation expense (Note 7)	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$27.98K	USD	Annual
Restated balances as of March 26, 2016	`RestatedBalances`	$13.58M	USD	Annual
Net income	`NetIncomeLoss`	$1.47M	USD	Annual
Net income	`NetIncomeLoss`	$2.57M	USD	Annual
Balances, ending	`StockholdersEquity`	$15.05M	USD	Point-in-time
Balances, ending	`StockholdersEquity`	$17.07M	USD	Point-in-time
Balances, ending	`StockholdersEquity`	$13.58M	USD	Point-in-time
Balances, ending, shares	`CommonStockSharesOutstanding`	2.30M	shares	Point-in-time
Balances, ending, shares	`CommonStockSharesOutstanding`	2.30M	shares	Point-in-time

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