10-Q Filing

IEH CORP CIK: 50292 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0000914317-12-001225`
Period End Date	20120630
Filing Date	20120813
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	iehc-20120629.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 26 Cash Flow Statement 46

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Allowances for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$11.56K	USD	Point-in-time
Cash	`Cash`	$296.98K	USD	Point-in-time
Cash	`Cash`	$286.11K	USD	Point-in-time
Accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$7.50M	USD	Point-in-time
Cash	`Cash`	$538.96K	USD	Point-in-time
Accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$7.43M	USD	Point-in-time
Cash	`Cash`	$157.05K	USD	Point-in-time
Accounts receivable, less allowances for doubtful accounts of $11,562 at June 29, 2012 and $11,562 at March 30, 2012	`AccountsReceivableNetCurrent`	$1.88M	USD	Point-in-time
Accounts receivable, less allowances for doubtful accounts of $11,562 at June 29, 2012 and $11,562 at March 30, 2012	`AccountsReceivableNetCurrent`	$2.04M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	10.00M	shares	Point-in-time
Inventories (Note 3)	`InventoryNet`	$4.25M	USD	Point-in-time
Inventories (Note 3)	`InventoryNet`	$4.23M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.30M	shares	Point-in-time
Excess payments to accounts receivable factor (Note 6)	`NotesAndLoansReceivableNetCurrent`	$357.15K	USD	Point-in-time
Excess payments to accounts receivable factor (Note 6)	`NotesAndLoansReceivableNetCurrent`	-	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.30M	shares	Point-in-time
Prepaid expenses and other current assets (Note 4)	`PrepaidExpenseAndOtherAssetsCurrent`	$602.12K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.30M	shares	Point-in-time
Prepaid expenses and other current assets (Note 4)	`PrepaidExpenseAndOtherAssetsCurrent`	$535.71K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$7.39M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$7.10M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, less accumulated depreciation and amortization of $7,496,171 at June 29, 2012 and $7,429,871 at March 30, 2012	`PropertyPlantAndEquipmentNet`	$1.45M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, less accumulated depreciation and amortization of $7,496,171 at June 29, 2012 and $7,429,871 at March 30, 2012	`PropertyPlantAndEquipmentNet`	$1.45M	USD	Point-in-time
[PropertyPlantAndEquipmentTotal]	`PropertyPlantAndEquipmentTotal`	$1.45M	USD	Point-in-time
[PropertyPlantAndEquipmentTotal]	`PropertyPlantAndEquipmentTotal`	$1.45M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$31.18K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$31.18K	USD	Point-in-time
[AssetsNoncurrent]	`AssetsNoncurrent`	$31.18K	USD	Point-in-time
[AssetsNoncurrent]	`AssetsNoncurrent`	$31.18K	USD	Point-in-time
Total Assets	`Assets`	$8.87M	USD	Point-in-time
Total Assets	`Assets`	$8.58M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$346.94K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$305.79K	USD	Point-in-time
Accounts receivable financing (Note 6)	`OtherShortTermBorrowings`	$54.94K	USD	Point-in-time
Accounts receivable financing (Note 6)	`OtherShortTermBorrowings`	-	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`	$404.67K	USD	Point-in-time
Other current liabilities (Note 7)	`OtherLiabilitiesCurrent`	$405.52K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$800.09K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$813.04K	USD	Point-in-time
Workers compensation insurance assessments- net of current portion (Note 8)	`OtherLiabilitiesNoncurrent`	$65.42K	USD	Point-in-time
Workers compensation insurance assessments- net of current portion (Note 8)	`OtherLiabilitiesNoncurrent`	$57.48K	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$65.42K	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$57.48K	USD	Point-in-time
Total Liabilities	`Liabilities`	$857.58K	USD	Point-in-time
Total Liabilities	`Liabilities`	$878.46K	USD	Point-in-time
Common Stock, $.01 par value; 10,000,000 shares authorized; 2,303,468 shares issued and outstanding at June 29, 2012 and March 30, 2012	`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 June 29, 2012 and March 30, 2012	`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`	$4.93M	USD	Point-in-time
Retained earnings (Note 9)	`RetainedEarningsAccumulatedDeficit`	$5.24M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.01M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.70M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$8.58M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$8.87M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
REVENUE, net sales	`SalesRevenueNet`	$3.47M	USD	1 Quarter
REVENUE, net sales	`SalesRevenueNet`	$3.49M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$2.27M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$2.30M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$523.90K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$568.46K	USD	1 Quarter
Interest expense	`InterestExpense`	$7.25K	USD	1 Quarter
Interest expense	`InterestExpense`	$7.86K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$66.30K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$37.50K	USD	1 Quarter
[CostsAndExpenses]	`CostsAndExpenses`	$2.91M	USD	1 Quarter
[CostsAndExpenses]	`CostsAndExpenses`	$2.87M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$619.57K	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$559.14K	USD	1 Quarter
OTHER INCOME	`NonoperatingIncomeExpense`	$96.00	USD	1 Quarter
OTHER INCOME	`NonoperatingIncomeExpense`	$83.00	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$559.24K	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$619.65K	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$244.13K	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$272.00K	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$315.11K	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$347.65K	USD	1 Quarter
BASIC AND DILUTED EARNINGS PER SHARE	`EarningsPerShareBasicAndDiluted`	$0.14	USD	1 Quarter
BASIC AND DILUTED EARNINGS PER SHARE	`EarningsPerShareBasicAndDiluted`	$0.15	USD	1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2,303.00	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2,303.00	shares	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$315.11K	USD	1 Quarter
Net income	`NetIncomeLoss`	$347.65K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$66.30K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$37.50K	USD	1 Quarter
Decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-189.31K	USD	1 Quarter
Decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-163.65K	USD	1 Quarter
(Increase) in inventories	`IncreaseDecreaseInInventories`	$20.24K	USD	1 Quarter
(Increase) in inventories	`IncreaseDecreaseInInventories`	$216.43K	USD	1 Quarter
(Increase) Decrease in excess payments to accounts receivable factor	`IncreaseDecreaseInExcessPaymentsToAccountsReceivableFactor`	$-357.15K	USD	1 Quarter
(Increase) Decrease in excess payments to accounts receivable factor	`IncreaseDecreaseInExcessPaymentsToAccountsReceivableFactor`	$78.90K	USD	1 Quarter
(Increase) in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$377.51K	USD	1 Quarter
(Increase) in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$66.41K	USD	1 Quarter
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$41.15K	USD	1 Quarter
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-81.89K	USD	1 Quarter
Increase in other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$847.00	USD	1 Quarter
Increase in other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$85.49K	USD	1 Quarter
Increase in accrued corporate income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$367.03K	USD	1 Quarter
Increase in accrued corporate income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	-	USD	1 Quarter
(Decrease) in workers compensation assessment	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-11.91K	USD	1 Quarter
(Decrease) in workers compensation assessment	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-7.94K	USD	1 Quarter
Total adjustments	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-179.80K	USD	1 Quarter
Total adjustments	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$70.48K	USD	1 Quarter
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$418.14K	USD	1 Quarter
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$135.32K	USD	1 Quarter
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$69.50K	USD	1 Quarter
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$61.85K	USD	1 Quarter
NET CASH (USED) BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-69.50K	USD	1 Quarter
NET CASH (USED) BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-61.85K	USD	1 Quarter
Increase in accounts receivable financing	`IncreaseInAccountsReceivableFinancing`	$-54.94K	USD	1 Quarter
Increase in accounts receivable financing	`IncreaseInAccountsReceivableFinancing`	$25.63K	USD	1 Quarter
NET CASH PROVIDED (USED) BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-54.94K	USD	1 Quarter
NET CASH PROVIDED (USED) BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$25.63K	USD	1 Quarter
INCREASE IN CASH	`CashPeriodIncreaseDecrease`	$381.92K	USD	1 Quarter
INCREASE IN CASH	`CashPeriodIncreaseDecrease`	$10.87K	USD	1 Quarter
CASH, beginning of period	`Cash`	$296.98K	USD	Point-in-time
CASH, beginning of period	`Cash`	$286.11K	USD	Point-in-time
CASH, beginning of period	`Cash`	$538.96K	USD	Point-in-time
CASH, beginning of period	`Cash`	$157.05K	USD	Point-in-time
CASH, end of period	`Cash`	$296.98K	USD	Point-in-time
CASH, end of period	`Cash`	$286.11K	USD	Point-in-time
CASH, end of period	`Cash`	$538.96K	USD	Point-in-time
CASH, end of period	`Cash`	$157.05K	USD	Point-in-time
Interest	`InterestPaid`	$5.75K	USD	1 Quarter
Interest	`InterestPaid`	$4.37K	USD	1 Quarter
Income Taxes	`IncomeTaxesPaidNet`	$330.00K	USD	1 Quarter
Income Taxes	`IncomeTaxesPaidNet`	$353.27K	USD	1 Quarter

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