10-Q Filing

IEH CORP CIK: 50292 Q3 2014

Filing Information

Form Type	10-Q
Accession Number	`0001174947-15-000181`
Period End Date	20141231
Filing Date	20150209
Fiscal Year	2014
Fiscal Period	Q3
XBRL Instance	iehc-20141226.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`	$8.17M	USD	Point-in-time
Accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$7.94M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash	`Cash`	$1.42M	USD	Point-in-time
Cash	`Cash`	$1.73M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash	`Cash`	$1.23M	USD	Point-in-time
Cash	`Cash`	$415.86K	USD	Point-in-time
Accounts receivable, less allowances for doubtful accounts of $11,562 at December 26, 2014 and March 28, 2014	`AccountsReceivableNetCurrent`	$2.26M	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 December 26, 2014 and March 28, 2014	`AccountsReceivableNetCurrent`	$1.66M	USD	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`	$5.82M	USD	Point-in-time
Excess payments to accounts receivable factor (Note 6)	`AccountsReceivableFromSecuritization`	$733.76K	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
Excess payments to accounts receivable factor (Note 6)	`AccountsReceivableFromSecuritization`	$630.06K	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`	$525.84K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$10.77M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$9.38M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, less accumulated depreciation and amortization of $8,171,206 at December 26, 2014 and $7,939,106 at March 28, 2014 (Note 5)	`PropertyPlantAndEquipmentNet`	$1.72M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, less accumulated depreciation and amortization of $8,171,206 at December 26, 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`	$55.30K	USD	Point-in-time
Total Assets	`Assets`	$12.55M	USD	Point-in-time
Total Assets	`Assets`	$11.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$133.53K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$267.60K	USD	Point-in-time
Accrued corporate income taxes	`AccruedIncomeTaxesCurrent`	$367.71K	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`	$562.33K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.06M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$922.91K	USD	Point-in-time
Total Liabilities	`Liabilities`	$922.91K	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.06M	USD	Point-in-time
Common stock, $.01 par value; 10,000,000 shares authorized; 2,303,468 shares issued and outstanding at December 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 December 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`	$8.72M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$10.08M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$11.48M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$12.55M	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`	$12.56M	USD	3 Qtrs
REVENUE, net sales	`SalesRevenueNet`	$11.77M	USD	3 Qtrs
REVENUE, net sales	`SalesRevenueNet`	$4.73M	USD	1 Quarter
REVENUE, net sales	`SalesRevenueNet`	$3.66M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$2.84M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$2.52M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$7.78M	USD	3 Qtrs
Cost of products sold	`CostOfGoodsSold`	$7.47M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$717.37K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.98M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.99M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$718.09K	USD	1 Quarter
Interest expense	`InterestExpense`	$13.28K	USD	3 Qtrs
Interest expense	`InterestExpense`	$17.20K	USD	3 Qtrs
Interest expense	`InterestExpense`	$4.50K	USD	1 Quarter
Interest expense	`InterestExpense`	$5.25K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$75.00K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$62.10K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$187.00K	USD	3 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$232.10K	USD	3 Qtrs
COSTS AND EXPENSES	`CostsAndExpenses`	$9.67M	USD	3 Qtrs
COSTS AND EXPENSES	`CostsAndExpenses`	$10.00M	USD	3 Qtrs
COSTS AND EXPENSES	`CostsAndExpenses`	$3.64M	USD	1 Quarter
COSTS AND EXPENSES	`CostsAndExpenses`	$3.31M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$2.56M	USD	3 Qtrs
OPERATING INCOME	`OperatingIncomeLoss`	$2.10M	USD	3 Qtrs
OPERATING INCOME	`OperatingIncomeLoss`	$357.63K	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$1.09M	USD	1 Quarter
OTHER INCOME	`NonoperatingIncomeExpense`	$54.55K	USD	3 Qtrs
OTHER INCOME	`NonoperatingIncomeExpense`	$609.00	USD	3 Qtrs
OTHER INCOME	`NonoperatingIncomeExpense`	$254.00	USD	1 Quarter
OTHER INCOME	`NonoperatingIncomeExpense`	$149.00	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.56M	USD	3 Qtrs
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.09M	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.16M	USD	3 Qtrs
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$357.78K	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$491.26K	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$1.16M	USD	3 Qtrs
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$960.90K	USD	3 Qtrs
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$167.23K	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$1.20M	USD	3 Qtrs
NET INCOME	`NetIncomeLoss`	$190.55K	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$1.40M	USD	3 Qtrs
NET INCOME	`NetIncomeLoss`	$594.34K	USD	1 Quarter
BASIC AND DILUTED EARNINGS PER SHARE (Note 2)	`EarningsPerShareBasicAndDiluted`	$0.26	USD	1 Quarter
BASIC AND DILUTED EARNINGS PER SHARE (Note 2)	`EarningsPerShareBasicAndDiluted`	$0.08	USD	1 Quarter
BASIC AND DILUTED EARNINGS PER SHARE (Note 2)	`EarningsPerShareBasicAndDiluted`	$0.52	USD	3 Qtrs
BASIC AND DILUTED EARNINGS PER SHARE (Note 2)	`EarningsPerShareBasicAndDiluted`	$0.61	USD	3 Qtrs
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
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING (in thousands)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.30M	shares	3 Qtrs
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING (in thousands)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.30M	shares	3 Qtrs

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.20M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$190.55K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.40M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$594.34K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$75.00K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$62.10K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$187.00K	USD	3 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$232.10K	USD	3 Qtrs
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$43.83K	USD	3 Qtrs
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$606.88K	USD	3 Qtrs
(Increase) in inventories	`IncreaseDecreaseInInventories`	$1.24M	USD	3 Qtrs
(Increase) in inventories	`IncreaseDecreaseInInventories`	$280.20K	USD	3 Qtrs
Decrease in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-172.49K	USD	3 Qtrs
Decrease in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-254.33K	USD	3 Qtrs
(Increase) in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$9.03K	USD	3 Qtrs
(Increase) in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$9.02K	USD	3 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-134.07K	USD	3 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$279.37K	USD	3 Qtrs
Increase (decrease) in other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$3.19K	USD	3 Qtrs
Increase (decrease) in other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-14.32K	USD	3 Qtrs
Increase in accrued corporate income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$40.16K	USD	3 Qtrs
Increase in accrued corporate income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$271.54K	USD	3 Qtrs
(Decrease) in workers compensation assessment	`IncreaseDecreaseInEmployeeRelatedLiabilities`	-	USD	3 Qtrs
(Decrease) in workers compensation assessment	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-69.00K	USD	3 Qtrs
Total adjustments	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-1.23M	USD	3 Qtrs
Total adjustments	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$262.65K	USD	3 Qtrs
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$1.46M	USD	3 Qtrs
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$169.87K	USD	3 Qtrs
Acquisition of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$375.05K	USD	3 Qtrs
Acquisition of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$264.33K	USD	3 Qtrs
NET CASH (USED) BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-375.05K	USD	3 Qtrs
NET CASH (USED) BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-264.33K	USD	3 Qtrs
(Increase) in excess payments to accounts receivable factor	`ProceedsFromRepaymentsOfLinesOfCredit`	$-380.73K	USD	3 Qtrs
(Increase) in excess payments to accounts receivable factor	`ProceedsFromRepaymentsOfLinesOfCredit`	$-103.70K	USD	3 Qtrs
NET CASH (USED) BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-103.70K	USD	3 Qtrs
NET CASH (USED) BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-380.73K	USD	3 Qtrs
INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$814.71K	USD	3 Qtrs
INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$-308.88K	USD	3 Qtrs
CASH, beginning of period	`Cash`	$1.42M	USD	Point-in-time
CASH, beginning of period	`Cash`	$1.73M	USD	Point-in-time
CASH, beginning of period	`Cash`	$1.23M	USD	Point-in-time
CASH, beginning of period	`Cash`	$415.86K	USD	Point-in-time
CASH, end of period	`Cash`	$1.42M	USD	Point-in-time
CASH, end of period	`Cash`	$1.73M	USD	Point-in-time
CASH, end of period	`Cash`	$1.23M	USD	Point-in-time
CASH, end of period	`Cash`	$415.86K	USD	Point-in-time
Interest	`InterestPaid`	$17.20K	USD	3 Qtrs
Interest	`InterestPaid`	$13.28K	USD	3 Qtrs
Income Taxes	`IncomeTaxesPaidNet`	$594.00K	USD	3 Qtrs
Income Taxes	`IncomeTaxesPaidNet`	$810.00K	USD	3 Qtrs

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