10-Q Filing

IEH CORP CIK: 50292 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0000914317-13-001061`
Period End Date	20130630
Filing Date	20130812
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	iehc-20130628.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 26 Cash Flow Statement 46

Balance Sheet 60 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`	$7.67M	USD	Point-in-time
Accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$7.73M	USD	Point-in-time
Cash	`Cash`	$296.98K	USD	Point-in-time
Cash	`Cash`	$330.76K	USD	Point-in-time
Cash	`Cash`	$286.11K	USD	Point-in-time
Cash	`Cash`	$415.86K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	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
Accounts receivable, less allowances for doubtful accounts of $11,562 at June 28, 2013 and March 29, 2013	`AccountsReceivableNetCurrent`	$2.47M	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 June 28, 2013 and March 29, 2013	`AccountsReceivableNetCurrent`	$1.82M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.30M	shares	Point-in-time
Inventories (Note 3)	`InventoryNet`	$4.46M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.30M	shares	Point-in-time
Inventories (Note 3)	`InventoryNet`	$4.61M	USD	Point-in-time
Excess payments to accounts receivable factor (Note 6)	`AccountsReceivableFromSecuritization`	$36.92K	USD	Point-in-time
Excess payments to accounts receivable factor (Note 6)	`AccountsReceivableFromSecuritization`	$216.05K	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
Prepaid expenses and other current assets (Note 4)	`PrepaidExpenseAndOtherAssetsCurrent`	$799.29K	USD	Point-in-time
Prepaid expenses and other current assets (Note 4)	`PrepaidExpenseAndOtherAssetsCurrent`	$955.23K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$7.69M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$8.43M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, less accumulated depreciation and amortization of $7,728,007 at June 28, 2013 and $7,665,207 at March 29, 2013 (Note 5)	`PropertyPlantAndEquipmentNet`	$1.55M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, less accumulated depreciation and amortization of $7,728,007 at June 28, 2013 and $7,665,207 at March 29, 2013 (Note 5)	`PropertyPlantAndEquipmentNet`	$1.50M	USD	Point-in-time
[PropertyPlantAndEquipmentTotal]	`PropertyPlantAndEquipmentTotal`	$1.55M	USD	Point-in-time
[PropertyPlantAndEquipmentTotal]	`PropertyPlantAndEquipmentTotal`	$1.50M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$34.22K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$37.22K	USD	Point-in-time
[AssetsNoncurrent]	`AssetsNoncurrent`	$37.22K	USD	Point-in-time
[AssetsNoncurrent]	`AssetsNoncurrent`	$34.22K	USD	Point-in-time
Total Assets	`Assets`	$9.22M	USD	Point-in-time
Total Assets	`Assets`	$10.01M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$85.55K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$371.24K	USD	Point-in-time
Workers compensation insurance assessments- current portion (Note 8)	`WorkersCompensationLiabilityCurrent`	$47.64K	USD	Point-in-time
Workers compensation insurance assessments- current portion (Note 8)	`WorkersCompensationLiabilityCurrent`	-	USD	Point-in-time
Other current liabilities (Note 7)	`OtherLiabilitiesCurrent`	$439.12K	USD	Point-in-time
Other current liabilities (Note 7)	`OtherLiabilitiesCurrent`	$486.40K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$572.30K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$857.64K	USD	Point-in-time
Workers compensation insurance assessments- net of current portion (Note 8)	`WorkersCompensationLiabilityNoncurrent`	-	USD	Point-in-time
Workers compensation insurance assessments- net of current portion (Note 8)	`WorkersCompensationLiabilityNoncurrent`	$21.36K	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$21.36K	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	-	USD	Point-in-time
Total Liabilities	`Liabilities`	$593.66K	USD	Point-in-time
Total Liabilities	`Liabilities`	$857.64K	USD	Point-in-time
Common stock, $.01 par value; 10,000,000 shares authorized; 2,303,468 shares issued and outstanding at June 28, 2013 and March 29, 2013	`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 28, 2013 and March 29, 2013	`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	`RetainedEarningsAccumulatedDeficit`	$5.86M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$6.38M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.63M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$9.15M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$10.01M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$9.22M	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`	$4.09M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$2.49M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$2.27M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$568.46K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$636.24K	USD	1 Quarter
Interest expense	`InterestExpense`	$7.67K	USD	1 Quarter
Interest expense	`InterestExpense`	$7.25K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$62.80K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$66.30K	USD	1 Quarter
[CostsAndExpenses]	`CostsAndExpenses`	$3.20M	USD	1 Quarter
[CostsAndExpenses]	`CostsAndExpenses`	$2.91M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$559.14K	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$895.10K	USD	1 Quarter
OTHER INCOME	`NonoperatingIncomeExpense`	$54.22K	USD	1 Quarter
OTHER INCOME	`NonoperatingIncomeExpense`	$96.00	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$949.32K	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$559.24K	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$425.00K	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$244.13K	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$524.32K	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$315.11K	USD	1 Quarter
BASIC AND DILUTED EARNINGS PER SHARE (Note 2)	`EarningsPerShareBasicAndDiluted`	$0.14	USD	1 Quarter
BASIC AND DILUTED EARNINGS PER SHARE (Note 2)	`EarningsPerShareBasicAndDiluted`	$0.23	USD	1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.30M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.30M	shares	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$524.32K	USD	1 Quarter
Net income	`NetIncomeLoss`	$315.11K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$62.80K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$66.30K	USD	1 Quarter
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-163.65K	USD	1 Quarter
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$654.83K	USD	1 Quarter
(Increase) in inventories	`IncreaseDecreaseInInventories`	$20.24K	USD	1 Quarter
(Increase) in inventories	`IncreaseDecreaseInInventories`	$144.82K	USD	1 Quarter
(Increase) in excess payments to accounts receivable factor	`IncreaseDecreaseInAccountsReceivableFromSecuritization`	$357.15K	USD	1 Quarter
(Increase) in excess payments to accounts receivable factor	`IncreaseDecreaseInAccountsReceivableFromSecuritization`	$179.13K	USD	1 Quarter
(Increase) decrease in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-155.94K	USD	1 Quarter
(Increase) decrease in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$66.41K	USD	1 Quarter
(Increase) in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	-	USD	1 Quarter
(Increase) in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$3.00K	USD	1 Quarter
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$285.69K	USD	1 Quarter
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$41.15K	USD	1 Quarter
Increase in other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$47.29K	USD	1 Quarter
Increase in other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$847.00	USD	1 Quarter
(Decrease) in workers compensation assessment	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-7.94K	USD	1 Quarter
(Decrease) in workers compensation assessment	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-69.00K	USD	1 Quarter
Total adjustments	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-179.80K	USD	1 Quarter
Total adjustments	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-499.07K	USD	1 Quarter
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$25.25K	USD	1 Quarter
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$135.32K	USD	1 Quarter
Acquisition of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$69.50K	USD	1 Quarter
Acquisition of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$110.34K	USD	1 Quarter
NET CASH (USED) BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-110.34K	USD	1 Quarter
NET CASH (USED) BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-69.50K	USD	1 Quarter
Net activity of accounts receivable financing	`IncreaseInAccountsReceivableFinancing`	$-54.94K	USD	1 Quarter
Net activity of accounts receivable financing	`IncreaseInAccountsReceivableFinancing`	-	USD	1 Quarter
NET CASH PROVIDED (USED) BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-54.94K	USD	1 Quarter
NET CASH PROVIDED (USED) BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$10.87K	USD	1 Quarter
INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$-85.09K	USD	1 Quarter
CASH, beginning of period	`Cash`	$296.98K	USD	Point-in-time
CASH, beginning of period	`Cash`	$330.76K	USD	Point-in-time
CASH, beginning of period	`Cash`	$286.11K	USD	Point-in-time
CASH, beginning of period	`Cash`	$415.86K	USD	Point-in-time
CASH, end of period	`Cash`	$296.98K	USD	Point-in-time
CASH, end of period	`Cash`	$330.76K	USD	Point-in-time
CASH, end of period	`Cash`	$286.11K	USD	Point-in-time
CASH, end of period	`Cash`	$415.86K	USD	Point-in-time
Interest	`InterestPaid`	$5.75K	USD	1 Quarter
Interest	`InterestPaid`	$6.17K	USD	1 Quarter
Income Taxes	`IncomeTaxesPaidNet`	$270.00K	USD	1 Quarter
Income Taxes	`IncomeTaxesPaidNet`	$330.00K	USD	1 Quarter

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