10-Q Filing

IEH CORP CIK: 50292 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0001174947-14-000445`
Period End Date	20140930
Filing Date	20141110
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	iehc-20140926.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 52 Cash Flow Statement 50

Balance Sheet 52 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`	$8.10M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash	`Cash`	$792.65K	USD	Point-in-time
Cash	`Cash`	$1.50M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash	`Cash`	$415.86K	USD	Point-in-time
Cash	`Cash`	$1.73M	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
Accounts receivable, less allowances for doubtful accounts of $11,562 at September 26, 2014 and March 28, 2014	`AccountsReceivableNetCurrent`	$1.66M	USD	Point-in-time
Accounts receivable, less allowances for doubtful accounts of $11,562 at September 26, 2014 and March 28, 2014	`AccountsReceivableNetCurrent`	$1.95M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.30M	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
Inventories (Note 3)	`InventoryNet`	$5.11M	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`	$769.60K	USD	Point-in-time
Prepaid expenses and other current assets (Note 4)	`PrepaidExpenseAndOtherAssetsCurrent`	$780.17K	USD	Point-in-time
Prepaid expenses and other current assets (Note 4)	`PrepaidExpenseAndOtherAssetsCurrent`	$691.28K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$9.38M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$10.02M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, less accumulated depreciation and amortization of $8,096,206 at September 26, 2014 and $7,939,106 at March 28, 2014 (Note 5)	`PropertyPlantAndEquipmentNet`	$1.58M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, less accumulated depreciation and amortization of $8,096,206 at September 26, 2014 and $7,939,106 at March 28, 2014 (Note 5)	`PropertyPlantAndEquipmentNet`	$1.72M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$52.30K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$46.28K	USD	Point-in-time
Total Assets	`Assets`	$11.79M	USD	Point-in-time
Total Assets	`Assets`	$11.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$157.86K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$267.60K	USD	Point-in-time
Accrued corporate income taxes	`AccruedIncomeTaxesCurrent`	$260.11K	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`	$482.51K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$922.91K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$900.48K	USD	Point-in-time
Total Liabilities	`Liabilities`	$922.91K	USD	Point-in-time
Total Liabilities	`Liabilities`	$900.48K	USD	Point-in-time
Common stock, $.01 par value; 10,000,000 shares authorized; 2,303,468 shares issued and outstanding at September 26, 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 September 26, 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 8)	`RetainedEarningsAccumulatedDeficit`	$7.31M	USD	Point-in-time
Retained earnings (Note 8)	`RetainedEarningsAccumulatedDeficit`	$8.12M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$10.89M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$10.08M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$11.79M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$11.00M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
REVENUE, net sales	`SalesRevenueNet`	$7.84M	USD	2 Qtrs
REVENUE, net sales	`SalesRevenueNet`	$4.02M	USD	1 Quarter
REVENUE, net sales	`SalesRevenueNet`	$3.90M	USD	1 Quarter
REVENUE, net sales	`SalesRevenueNet`	$8.11M	USD	2 Qtrs
Cost of products sold	`CostOfGoodsSold`	$4.94M	USD	2 Qtrs
Cost of products sold	`CostOfGoodsSold`	$4.95M	USD	2 Qtrs
Cost of products sold	`CostOfGoodsSold`	$2.44M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$2.46M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.28M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.26M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$618.60K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$640.40K	USD	1 Quarter
Interest expense	`InterestExpense`	$12.70K	USD	2 Qtrs
Interest expense	`InterestExpense`	$8.03K	USD	2 Qtrs
Interest expense	`InterestExpense`	$4.52K	USD	1 Quarter
Interest expense	`InterestExpense`	$5.03K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$157.10K	USD	2 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$62.10K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$75.00K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$124.90K	USD	2 Qtrs
COSTS AND EXPENSES	`CostsAndExpenses`	$6.36M	USD	2 Qtrs
COSTS AND EXPENSES	`CostsAndExpenses`	$3.16M	USD	1 Quarter
COSTS AND EXPENSES	`CostsAndExpenses`	$6.36M	USD	2 Qtrs
COSTS AND EXPENSES	`CostsAndExpenses`	$3.13M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$768.33K	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$850.73K	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$1.48M	USD	2 Qtrs
OPERATING INCOME	`OperatingIncomeLoss`	$1.75M	USD	2 Qtrs
OTHER INCOME	`NonoperatingIncomeExpense`	$355.00	USD	2 Qtrs
OTHER INCOME	`NonoperatingIncomeExpense`	$188.00	USD	1 Quarter
OTHER INCOME	`NonoperatingIncomeExpense`	$54.40K	USD	2 Qtrs
OTHER INCOME	`NonoperatingIncomeExpense`	$179.00	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.48M	USD	2 Qtrs
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.80M	USD	2 Qtrs
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$850.91K	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$768.52K	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$368.67K	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$793.67K	USD	2 Qtrs
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$348.32K	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$669.30K	USD	2 Qtrs
NET INCOME	`NetIncomeLoss`	$807.41K	USD	2 Qtrs
NET INCOME	`NetIncomeLoss`	$420.20K	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$482.24K	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$1.01M	USD	2 Qtrs
BASIC AND DILUTED EARNINGS PER SHARE (Note 2)	`EarningsPerShareBasicAndDiluted`	$0.21	USD	1 Quarter
BASIC AND DILUTED EARNINGS PER SHARE (Note 2)	`EarningsPerShareBasicAndDiluted`	$0.35	USD	2 Qtrs
BASIC AND DILUTED EARNINGS PER SHARE (Note 2)	`EarningsPerShareBasicAndDiluted`	$0.44	USD	2 Qtrs
BASIC AND DILUTED EARNINGS PER SHARE (Note 2)	`EarningsPerShareBasicAndDiluted`	$0.18	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	2 Qtrs
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING (in thousands)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.30M	shares	2 Qtrs
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING (in thousands)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.30M	shares	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$807.41K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$420.20K	USD	1 Quarter
Net income	`NetIncomeLoss`	$482.24K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.01M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$157.10K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$62.10K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$75.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$124.90K	USD	2 Qtrs
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$279.17K	USD	2 Qtrs
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$295.71K	USD	2 Qtrs
(Increase) in inventories	`IncreaseDecreaseInInventories`	$525.97K	USD	2 Qtrs
(Increase) in inventories	`IncreaseDecreaseInInventories`	$204.02K	USD	2 Qtrs
Decrease in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-88.89K	USD	2 Qtrs
Decrease in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-220.40K	USD	2 Qtrs
(Increase) in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$6.03K	USD	2 Qtrs
(Increase) in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$6.02K	USD	2 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-109.74K	USD	2 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$233.94K	USD	2 Qtrs
(Decrease) in other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-76.63K	USD	2 Qtrs
(Decrease) in other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-7.16K	USD	2 Qtrs
Increase in accrued corporate income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$163.94K	USD	2 Qtrs
Increase in accrued corporate income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$52.46K	USD	2 Qtrs
(Decrease) in workers compensation assessment	`IncreaseDecreaseInEmployeeRelatedLiabilities`	-	USD	2 Qtrs
(Decrease) in workers compensation assessment	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-69.00K	USD	2 Qtrs
Total adjustments	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$66.33K	USD	2 Qtrs
Total adjustments	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-604.13K	USD	2 Qtrs
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$1.07M	USD	2 Qtrs
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$203.28K	USD	2 Qtrs
Acquisition of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$296.43K	USD	2 Qtrs
Acquisition of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$209.93K	USD	2 Qtrs
NET CASH (USED) BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-296.43K	USD	2 Qtrs
NET CASH (USED) BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-209.93K	USD	2 Qtrs
(Decrease) in excess payments to accounts receivable factor	`ProceedsFromRepaymentsOfLinesOfCredit`	$-486.17K	USD	2 Qtrs
(Decrease) in excess payments to accounts receivable factor	`ProceedsFromRepaymentsOfLinesOfCredit`	$-139.54K	USD	2 Qtrs
NET CASH (USED) BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-486.17K	USD	2 Qtrs
NET CASH (USED) BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-139.54K	USD	2 Qtrs
INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$-232.69K	USD	2 Qtrs
INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$376.80K	USD	2 Qtrs
CASH, beginning of period	`Cash`	$792.65K	USD	Point-in-time
CASH, beginning of period	`Cash`	$1.50M	USD	Point-in-time
CASH, beginning of period	`Cash`	$415.86K	USD	Point-in-time
CASH, beginning of period	`Cash`	$1.73M	USD	Point-in-time
CASH, end of period	`Cash`	$792.65K	USD	Point-in-time
CASH, end of period	`Cash`	$1.50M	USD	Point-in-time
CASH, end of period	`Cash`	$415.86K	USD	Point-in-time
CASH, end of period	`Cash`	$1.73M	USD	Point-in-time
Interest	`InterestPaid`	$11.20K	USD	2 Qtrs
Interest	`InterestPaid`	$8.03K	USD	2 Qtrs
Income Taxes	`IncomeTaxesPaidNet`	$540.00K	USD	2 Qtrs
Income Taxes	`IncomeTaxesPaidNet`	$402.00K	USD	2 Qtrs

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