10-Q Filing

IEH CORP CIK: 50292 Q2 2011

Filing Information

Form Type	10-Q
Accession Number	`0000914317-11-001495`
Period End Date	20110930
Filing Date	20111114
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	iehc-20110923.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 50 Cash Flow Statement 48

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Allowances for doubtful accounts	`AllowanceForDoubtfulAccountsReceivable`	$11.56K	USD	Point-in-time
Allowances for doubtful accounts	`AllowanceForDoubtfulAccountsReceivable`	$11.56K	USD	Point-in-time
Accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$7.32M	USD	Point-in-time
Accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$7.24M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash	`Cash`	$634.80K	USD	Point-in-time
Cash	`Cash`	$157.05K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	10.00M	shares	Point-in-time
Accounts receivable, less allowances for doubtful accounts of $11,562 at September 23, 2011 and March 25, 2011	`AccountsReceivableNetCurrent`	$1.99M	USD	Point-in-time
Accounts receivable, less allowances for doubtful accounts of $11,562 at September 23, 2011 and March 25, 2011	`AccountsReceivableNetCurrent`	$1.66M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	10.00M	shares	Point-in-time
Inventories (Note 3)	`InventoryNet`	$3.71M	USD	Point-in-time
Inventories (Note 3)	`InventoryNet`	$4.00M	USD	Point-in-time
Common stock issued (in shares)	`CommonStockSharesIssued`	2.30M	shares	Point-in-time
Common stock issued (in shares)	`CommonStockSharesIssued`	2.30M	shares	Point-in-time
Excess payments to accounts receivable factor (Note 6)	`NotesAndLoansReceivableNetCurrent`	-	USD	Point-in-time
Common stock outstanding (in shares)	`CommonStockSharesOutstanding`	2.30M	shares	Point-in-time
Common stock outstanding (in shares)	`CommonStockSharesOutstanding`	2.30M	shares	Point-in-time
Excess payments to accounts receivable factor (Note 6)	`NotesAndLoansReceivableNetCurrent`	$78.90K	USD	Point-in-time
Prepaid expenses and other current assets (Note 4)	`PrepaidExpenseAndOtherAssetsCurrent`	$314.07K	USD	Point-in-time
Prepaid expenses and other current assets (Note 4)	`PrepaidExpenseAndOtherAssetsCurrent`	$247.09K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$6.18M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$6.62M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, less accumulated depreciation and amortization of $7,319,628 at September 23, 2011 and $7,244,628 at March 25, 2011 ( Note 5 )	`PropertyPlantAndEquipmentNet`	$1.27M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, less accumulated depreciation and amortization of $7,319,628 at September 23, 2011 and $7,244,628 at March 25, 2011 ( Note 5 )	`PropertyPlantAndEquipmentNet`	$1.32M	USD	Point-in-time
Property plant and equipment - net	`SubTotalPropertyPlantAndEquipmentNet`	$1.32M	USD	Point-in-time
Property plant and equipment - net	`SubTotalPropertyPlantAndEquipmentNet`	$1.27M	USD	Point-in-time
Other assets	`OtherAssets`	$25.14K	USD	Point-in-time
Other assets	`OtherAssets`	$27.89K	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$25.14K	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$27.89K	USD	Point-in-time
Total Assets	`Assets`	$7.48M	USD	Point-in-time
Total Assets	`Assets`	$7.97M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$322.89K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$356.23K	USD	Point-in-time
Accounts receivable financing (Note 6)	`OtherShortTermBorrowings`	$22.11K	USD	Point-in-time
Accounts receivable financing (Note 6)	`OtherShortTermBorrowings`	-	USD	Point-in-time
Accrued corporate income taxes	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Accrued corporate income taxes	`AccruedIncomeTaxesCurrent`	$3.75K	USD	Point-in-time
Workers compensation insurance assessments- current portion (Note 8)	`EmployeeRelatedLiabilitiesCurrent`	$47.64K	USD	Point-in-time
Workers compensation insurance assessments- current portion (Note 8)	`EmployeeRelatedLiabilitiesCurrent`	$47.64K	USD	Point-in-time
Other current liabilities (Note 7)	`OtherLiabilitiesCurrent`	$364.46K	USD	Point-in-time
Other current liabilities (Note 7)	`OtherLiabilitiesCurrent`	$283.69K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$772.08K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$676.33K	USD	Point-in-time
Workers compensation insurance assessments- net of current portion (Note 8)	`OtherLiabilitiesNoncurrent`	$89.24K	USD	Point-in-time
Workers compensation insurance assessments- net of current portion (Note 8)	`OtherLiabilitiesNoncurrent`	$113.06K	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$113.06K	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$89.24K	USD	Point-in-time
Total Liabilities	`Liabilities`	$765.57K	USD	Point-in-time
Total Liabilities	`Liabilities`	$885.14K	USD	Point-in-time
Common stock, $.01 par value; 10,000,000 shares authorized; 2,303,468 shares issued and outstanding at September 23, 2011 and March 25, 2011	`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 September 23, 2011 and March 25, 2011	`CommonStockValue`	$23.04K	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$2.74M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$2.74M	USD	Point-in-time
Retained earnings ( Note 9 )	`RetainedEarningsAccumulatedDeficit`	$4.43M	USD	Point-in-time
Retained earnings ( Note 9 )	`RetainedEarningsAccumulatedDeficit`	$3.83M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$7.20M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$6.59M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$7.48M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$7.97M	USD	Point-in-time

Income Statement 50 line items

Line Item	Tag	Value	Unit	Period
REVENUE, net sales	`SalesRevenueNet`	$6.67M	USD	2 Qtrs
REVENUE, net sales	`SalesRevenueNet`	$6.82M	USD	2 Qtrs
REVENUE, net sales	`SalesRevenueNet`	$3.34M	USD	1 Quarter
REVENUE, net sales	`SalesRevenueNet`	$3.31M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$4.27M	USD	2 Qtrs
Cost of products sold	`CostOfGoodsSold`	$4.51M	USD	2 Qtrs
Cost of products sold	`CostOfGoodsSold`	$2.21M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$2.16M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$975.91K	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$515.15K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$552.57K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.08M	USD	2 Qtrs
Interest expense	`InterestExpense`	$17.23K	USD	2 Qtrs
Interest expense	`InterestExpense`	$22.42K	USD	2 Qtrs
Interest expense	`InterestExpense`	$14.56K	USD	1 Quarter
Interest expense	`InterestExpense`	$9.82K	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$75.00K	USD	2 Qtrs
Depreciation	`DepreciationNonproduction`	$75.00K	USD	2 Qtrs
Depreciation	`DepreciationNonproduction`	$37.50K	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$37.50K	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$5.34M	USD	2 Qtrs
Total costs and expenses	`CostsAndExpenses`	$2.81M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$5.68M	USD	2 Qtrs
Total costs and expenses	`CostsAndExpenses`	$2.73M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$1.14M	USD	2 Qtrs
OPERATING INCOME	`OperatingIncomeLoss`	$1.33M	USD	2 Qtrs
OPERATING INCOME	`OperatingIncomeLoss`	$587.66K	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$525.27K	USD	1 Quarter
OTHER INCOME	`NonoperatingIncomeExpense`	$148.00	USD	1 Quarter
OTHER INCOME	`NonoperatingIncomeExpense`	-	USD	1 Quarter
OTHER INCOME	`NonoperatingIncomeExpense`	$312.00	USD	2 Qtrs
OTHER INCOME	`NonoperatingIncomeExpense`	-	USD	2 Qtrs
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.14M	USD	2 Qtrs
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$525.27K	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$587.81K	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.33M	USD	2 Qtrs
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$268.00K	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$377.54K	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$720.34K	USD	2 Qtrs
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$540.00K	USD	2 Qtrs
NET INCOME	`NetIncomeLoss`	$210.26K	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$257.27K	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$604.93K	USD	2 Qtrs
NET INCOME	`NetIncomeLoss`	$605.13K	USD	2 Qtrs
BASIC AND DILUTED EARNINGS PER SHARE (Note 2) (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.09	USD	1 Quarter
BASIC AND DILUTED EARNINGS PER SHARE (Note 2) (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.11	USD	1 Quarter
BASIC AND DILUTED EARNINGS PER SHARE (Note 2) (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.26	USD	2 Qtrs
BASIC AND DILUTED EARNINGS PER SHARE (Note 2) (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.26	USD	2 Qtrs
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING (in thousands) (in shares)	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	2,303.00	shares	Point-in-time
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING (in thousands) (in shares)	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	2,303.00	shares	Point-in-time

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$605.13K	USD	2 Qtrs
Net income	`ProfitLoss`	$604.93K	USD	2 Qtrs
Depreciation	`Depreciation`	$75.00K	USD	2 Qtrs
Depreciation	`Depreciation`	$75.00K	USD	2 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-322.20K	USD	2 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$198.26K	USD	2 Qtrs
(Increase) in inventories	`IncreaseDecreaseInInventories`	$468.70K	USD	2 Qtrs
(Increase) in inventories	`IncreaseDecreaseInInventories`	$290.13K	USD	2 Qtrs
(Increase) in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$751.02K	USD	2 Qtrs
(Increase) in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$66.98K	USD	2 Qtrs
(Increase) decrease in other assets	`IncreaseDecreaseInOperatingAssets`	$-2.74K	USD	2 Qtrs
(Increase) decrease in other assets	`IncreaseDecreaseInOperatingAssets`	$90.00	USD	2 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-33.34K	USD	2 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$44.59K	USD	2 Qtrs
(Decrease) in other current liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-66.45K	USD	2 Qtrs
(Decrease) in other current liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-80.78K	USD	2 Qtrs
Increase (decrease) in accrued corporate income taxes	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$720.34K	USD	2 Qtrs
Increase (decrease) in accrued corporate income taxes	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-3.75K	USD	2 Qtrs
(Decrease) in workers compensation assessment	`IncreaseDecreaseInOtherOperatingCapitalNet`	$24.80K	USD	2 Qtrs
(Decrease) in workers compensation assessment	`IncreaseDecreaseInOtherOperatingCapitalNet`	$23.82K	USD	2 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-98.85K	USD	2 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-669.41K	USD	2 Qtrs
NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-64.27K	USD	2 Qtrs
NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$506.08K	USD	2 Qtrs
Acquisition of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$129.34K	USD	2 Qtrs
Acquisition of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$125.51K	USD	2 Qtrs
NET CASH (USED) BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-129.34K	USD	2 Qtrs
NET CASH (USED) BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-125.51K	USD	2 Qtrs
Increase in accounts receivable financing	`NetActivityOfAccountsReceivableFinancingLongTerm`	$-22.11K	USD	2 Qtrs
Increase in accounts receivable financing	`NetActivityOfAccountsReceivableFinancingLongTerm`	$-97.84K	USD	2 Qtrs
Decrease in excess payments to accounts receivable factor	`IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities`	$-78.90K	USD	2 Qtrs
Decrease in excess payments to accounts receivable factor	`IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities`	$-224.04K	USD	2 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$321.88K	USD	2 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$101.01K	USD	2 Qtrs
INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$477.75K	USD	2 Qtrs
INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$132.09K	USD	2 Qtrs
CASH, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$452.10K	USD	Point-in-time
CASH, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$634.80K	USD	Point-in-time
CASH, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$320.01K	USD	Point-in-time
CASH, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$157.05K	USD	Point-in-time
CASH, end of period	`CashAndCashEquivalentsAtCarryingValue`	$452.10K	USD	Point-in-time
CASH, end of period	`CashAndCashEquivalentsAtCarryingValue`	$634.80K	USD	Point-in-time
CASH, end of period	`CashAndCashEquivalentsAtCarryingValue`	$320.01K	USD	Point-in-time
CASH, end of period	`CashAndCashEquivalentsAtCarryingValue`	$157.05K	USD	Point-in-time
Interest	`InterestPaid`	$19.25K	USD	2 Qtrs
Interest	`InterestPaid`	$13.26K	USD	2 Qtrs
Income Taxes	`IncomeTaxesPaidNet`	$731.37K	USD	2 Qtrs
Income Taxes	`IncomeTaxesPaidNet`	$690.26K	USD	2 Qtrs

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