10-Q Filing

IEH CORP CIK: 50292 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0000914317-14-001123`
Period End Date	20140630
Filing Date	20140815
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	iehc-20140627.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 26 Cash Flow Statement 44

Balance Sheet 54 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`	$7.94M	USD	Point-in-time
Accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$8.02M	USD	Point-in-time
Cash	`Cash`	$1.44M	USD	Point-in-time
Cash	`Cash`	$1.73M	USD	Point-in-time
Cash	`Cash`	$415.86K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash	`Cash`	$330.76K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts receivable, less allowances for doubtful accounts of $11,562 at June 27, 2014 and March 28, 2014	`AccountsReceivableNetCurrent`	$1.66M	USD	Point-in-time
Accounts receivable, less allowances for doubtful accounts of $11,562 at June 27, 2014 and March 28, 2014	`AccountsReceivableNetCurrent`	$2.04M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	10.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	10.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.30M	shares	Point-in-time
Inventories (Note 3)	`InventoryNet`	$4.58M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.30M	shares	Point-in-time
Inventories (Note 3)	`InventoryNet`	$4.82M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.30M	shares	Point-in-time
Excess payments to accounts receivable factor (Note 6)	`AccountsReceivableFromSecuritization`	$630.06K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.30M	shares	Point-in-time
Excess payments to accounts receivable factor (Note 6)	`AccountsReceivableFromSecuritization`	$631.77K	USD	Point-in-time
Prepaid expenses and other current assets (Note 4)	`PrepaidExpenseAndOtherAssetsCurrent`	$847.27K	USD	Point-in-time
Prepaid expenses and other current assets (Note 4)	`PrepaidExpenseAndOtherAssetsCurrent`	$780.17K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$9.78M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$9.38M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, less accumulated depreciation and amortization of $8,021,206 at June 27, 2014 and $7,939,106 at March 28, 2014 (Note 5)	`PropertyPlantAndEquipmentNet`	$1.67M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, less accumulated depreciation and amortization of $8,021,206 at June 27, 2014 and $7,939,106 at March 28, 2014 (Note 5)	`PropertyPlantAndEquipmentNet`	$1.58M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$46.28K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$49.28K	USD	Point-in-time
Total Assets	`Assets`	$11.50M	USD	Point-in-time
Total Assets	`Assets`	$11.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$267.60K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$193.75K	USD	Point-in-time
Accrued corporate income taxes	`AccruedIncomeTaxesCurrent`	$235.64K	USD	Point-in-time
Accrued corporate income taxes	`AccruedIncomeTaxesCurrent`	$96.17K	USD	Point-in-time
Other current liabilities (Note 7)	`OtherLiabilitiesCurrent`	$559.14K	USD	Point-in-time
Other current liabilities (Note 7)	`OtherLiabilitiesCurrent`	$600.21K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$922.91K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.03M	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	-	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	-	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.03M	USD	Point-in-time
Total Liabilities	`Liabilities`	$922.91K	USD	Point-in-time
Common stock, $.01 par value; 10,000,000 shares authorized; 2,303,468 shares issued and outstanding at June 27, 2014 and March 28, 2014	`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 27, 2014 and March 28, 2014	`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`	$7.31M	USD	Point-in-time
Retained earnings (Note 9)	`RetainedEarningsAccumulatedDeficit`	$7.70M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$10.08M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$10.47M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$11.50M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$11.00M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
REVENUE, net sales (Note 13)	`SalesRevenueNet`	$3.94M	USD	1 Quarter
REVENUE, net sales (Note 13)	`SalesRevenueNet`	$4.09M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$2.50M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$2.49M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$636.24K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$641.25K	USD	1 Quarter
Interest expense	`InterestExpense`	$7.67K	USD	1 Quarter
Interest expense	`InterestExpense`	$3.51K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$62.80K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$82.10K	USD	1 Quarter
[CostsAndExpenses]	`CostsAndExpenses`	$3.23M	USD	1 Quarter
[CostsAndExpenses]	`CostsAndExpenses`	$3.20M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$895.10K	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$708.02K	USD	1 Quarter
OTHER INCOME	`NonoperatingIncomeExpense`	$167.00	USD	1 Quarter
OTHER INCOME	`NonoperatingIncomeExpense`	$54.22K	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$708.19K	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$949.32K	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$425.00K	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$320.98K	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$387.21K	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$524.32K	USD	1 Quarter
BASIC AND DILUTED EARNINGS PER SHARE (Note 2)	`EarningsPerShareBasicAndDiluted`	$0.17	USD	1 Quarter
BASIC AND DILUTED EARNINGS PER SHARE (Note 2)	`EarningsPerShareBasicAndDiluted`	$0.23	USD	1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING (IN THOUSANDS)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.30M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING (IN THOUSANDS)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.30M	shares	1 Quarter

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$387.21K	USD	1 Quarter
Net income	`NetIncomeLoss`	$524.32K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$62.80K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$82.10K	USD	1 Quarter
Decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$654.83K	USD	1 Quarter
Decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$388.09K	USD	1 Quarter
(Increase) in inventories	`IncreaseDecreaseInInventories`	$239.57K	USD	1 Quarter
(Increase) in inventories	`IncreaseDecreaseInInventories`	$144.82K	USD	1 Quarter
(Increase) in excess payments to accounts receivable factor	`IncreaseInAccountsReceivableFinancing`	$179.13K	USD	1 Quarter
(Increase) in excess payments to accounts receivable factor	`IncreaseInAccountsReceivableFinancing`	$1.71K	USD	1 Quarter
(Increase) decrease in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$67.10K	USD	1 Quarter
(Increase) decrease in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-155.94K	USD	1 Quarter
(Increase) in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$3.00K	USD	1 Quarter
(Increase) in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$3.00K	USD	1 Quarter
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$285.69K	USD	1 Quarter
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-73.85K	USD	1 Quarter
Increase in other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$47.29K	USD	1 Quarter
Increase in other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$41.07K	USD	1 Quarter
Increase in accrued corporate income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$139.47K	USD	1 Quarter
Increase in accrued corporate income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	-	USD	1 Quarter
(Decrease) in workers compensation assessment	`IncreaseDecreaseInEmployeeRelatedLiabilities`	-	USD	1 Quarter
(Decrease) in workers compensation assessment	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-69.00K	USD	1 Quarter
Total adjustments	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-499.07K	USD	1 Quarter
Total adjustments	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-510.68K	USD	1 Quarter
NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-123.47K	USD	1 Quarter
NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$25.25K	USD	1 Quarter
Acquisition of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$171.41K	USD	1 Quarter
Acquisition of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$110.34K	USD	1 Quarter
NET CASH (USED) BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-171.41K	USD	1 Quarter
NET CASH (USED) BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-110.34K	USD	1 Quarter
DECREASE IN CASH	`CashPeriodIncreaseDecrease`	$-85.09K	USD	1 Quarter
DECREASE IN CASH	`CashPeriodIncreaseDecrease`	$-294.88K	USD	1 Quarter
CASH, beginning of period	`Cash`	$1.44M	USD	Point-in-time
CASH, beginning of period	`Cash`	$1.73M	USD	Point-in-time
CASH, beginning of period	`Cash`	$415.86K	USD	Point-in-time
CASH, beginning of period	`Cash`	$330.76K	USD	Point-in-time
CASH, end of period	`Cash`	$1.44M	USD	Point-in-time
CASH, end of period	`Cash`	$1.73M	USD	Point-in-time
CASH, end of period	`Cash`	$415.86K	USD	Point-in-time
CASH, end of period	`Cash`	$330.76K	USD	Point-in-time
Interest	`InterestPaid`	$6.17K	USD	1 Quarter
Interest	`InterestPaid`	$3.51K	USD	1 Quarter
Income Taxes	`IncomeTaxesPaidNet`	$210.00K	USD	1 Quarter
Income Taxes	`IncomeTaxesPaidNet`	$270.00K	USD	1 Quarter

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