10-K Filing

IEH CORP CIK: 50292 FY 2014

Filing Information

Form Type	10-K
Accession Number	`0001174947-15-001166`
Period End Date	20150331
Filing Date	20150710
Fiscal Year	2014
Fiscal Period	FY
XBRL Instance	iehc-20150327.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 51 Income Statement 26 Cash Flow Statement 41 Stockholders Equity 12

Balance Sheet 51 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`	$8.27M	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`	$1.72M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash	`Cash`	$1.73M	USD	Point-in-time
Accounts receivable, less allowances for doubtful accounts of $11,562 at March 27, 2015 and at March 28, 2014	`AccountsReceivableNetCurrent`	$1.66M	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 March 27, 2015 and at March 28, 2014	`AccountsReceivableNetCurrent`	$2.23M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	10.00M	shares	Point-in-time
Inventories (Note 2)	`InventoryNet`	$4.58M	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 2)	`InventoryNet`	$6.75M	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 5)	`AccountsReceivableFromSecuritization`	$43.04K	USD	Point-in-time
Excess payments to accounts receivable factor (Note 5)	`AccountsReceivableFromSecuritization`	$630.06K	USD	Point-in-time
Prepaid expenses and other current assets (Note 3)	`PrepaidExpenseAndOtherAssetsCurrent`	$354.45K	USD	Point-in-time
Prepaid expenses and other current assets (Note 3)	`PrepaidExpenseAndOtherAssetsCurrent`	$780.17K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$11.10M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$9.38M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, less accumulated depreciation and amortization of $8,272,106 at March 27, 2015 and $7,939,106 at March 28, 2014 (Note 4)	`PropertyPlantAndEquipmentNet`	$1.58M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, less accumulated depreciation and amortization of $8,272,106 at March 27, 2015 and $7,939,106 at March 28, 2014 (Note 4)	`PropertyPlantAndEquipmentNet`	$1.69M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$54.36K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$46.28K	USD	Point-in-time
Total Assets	`Assets`	$12.84M	USD	Point-in-time
Total Assets	`Assets`	$11.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$138.65K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$267.60K	USD	Point-in-time
Accrued corporate income taxes	`AccruedIncomeTaxesCurrent`	$96.17K	USD	Point-in-time
Accrued corporate income taxes	`AccruedIncomeTaxesCurrent`	$181.93K	USD	Point-in-time
Other current liabilities (Note 6)	`OtherLiabilitiesCurrent`	$559.14K	USD	Point-in-time
Other current liabilities (Note 6)	`OtherLiabilitiesCurrent`	$630.12K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$950.71K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$922.91K	USD	Point-in-time
Total Liabilities	`Liabilities`	$950.71K	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 March 27, 2015 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 March 27, 2015 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	`RetainedEarningsAccumulatedDeficit`	$7.31M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$9.12M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$10.08M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$11.89M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$11.00M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$12.84M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
REVENUE, net sales (Note 13)	`SalesRevenueNet`	$15.43M	USD	Annual
REVENUE, net sales (Note 13)	`SalesRevenueNet`	$16.39M	USD	Annual
Cost of products sold	`CostOfGoodsSold`	$9.89M	USD	Annual
Cost of products sold	`CostOfGoodsSold`	$10.30M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.70M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.62M	USD	Annual
Interest expense	`InterestExpense`	$21.35K	USD	Annual
Interest expense	`InterestExpense`	$17.78K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$333.00K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$273.90K	USD	Annual
Total Costs and Expenses	`CostsAndExpenses`	$13.27M	USD	Annual
Total Costs and Expenses	`CostsAndExpenses`	$12.89M	USD	Annual
OPERATING INCOME	`OperatingIncomeLoss`	$3.12M	USD	Annual
OPERATING INCOME	`OperatingIncomeLoss`	$2.55M	USD	Annual
OTHER INCOME	`NonoperatingIncomeExpense`	$912.00	USD	Annual
OTHER INCOME	`NonoperatingIncomeExpense`	$54.72K	USD	Annual
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.12M	USD	Annual
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.60M	USD	Annual
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$1.15M	USD	Annual
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$1.31M	USD	Annual
NET INCOME	`NetIncomeLoss`	$1.81M	USD	Annual
NET INCOME	`NetIncomeLoss`	$1.45M	USD	Annual
BASIC AND DILUTED EARNINGS PER COMMON SHARE (Note 1)	`EarningsPerShareBasicAndDiluted`	$0.79	USD	Annual
BASIC AND DILUTED EARNINGS PER COMMON SHARE (Note 1)	`EarningsPerShareBasicAndDiluted`	$0.63	USD	Annual
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING (IN THOUSANDS)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.30M	shares	Annual
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING (IN THOUSANDS)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.30M	shares	Annual

Cash Flow Statement 41 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.81M	USD	Annual
Net income	`NetIncomeLoss`	$1.45M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$333.00K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$273.90K	USD	Annual
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-161.84K	USD	Annual
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$570.78K	USD	Annual
(Increase) decrease in excess payments to accounts receivable factor	`IncreaseDecreaseInAccountsReceivableFromSecuritization`	$593.14K	USD	Annual
(Increase) decrease in excess payments to accounts receivable factor	`IncreaseDecreaseInAccountsReceivableFromSecuritization`	$-587.02K	USD	Annual
(Increase) in inventories	`IncreaseDecreaseInInventories`	$118.25K	USD	Annual
(Increase) in inventories	`IncreaseDecreaseInInventories`	$2.17M	USD	Annual
Decrease in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-425.72K	USD	Annual
Decrease in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-175.05K	USD	Annual
(Increase) in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$8.08K	USD	Annual
(Increase) in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$12.06K	USD	Annual
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$193.09K	USD	Annual
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-128.95K	USD	Annual
Increase in other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$108.98K	USD	Annual
Increase in other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$70.98K	USD	Annual
Increase in accrued corporate income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$85.77K	USD	Annual
Increase in accrued corporate income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$96.17K	USD	Annual
(Decrease) in workers compensation assessment	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-69.00K	USD	Annual
Total adjustments	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$216.58K	USD	Annual
Total adjustments	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-1.37M	USD	Annual
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$436.01K	USD	Annual
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$1.67M	USD	Annual
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$448.06K	USD	Annual
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$352.68K	USD	Annual
NET CASH (USED) BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-448.06K	USD	Annual
NET CASH (USED) BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-352.68K	USD	Annual
INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$-12.05K	USD	Annual
INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$1.32M	USD	Annual
CASH, beginning of period	`Cash`	$415.86K	USD	Point-in-time
CASH, beginning of period	`Cash`	$1.72M	USD	Point-in-time
CASH, beginning 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`	$1.72M	USD	Point-in-time
CASH, end of period	`Cash`	$1.73M	USD	Point-in-time
Interest	`InterestPaid`	$21.35K	USD	Annual
Interest	`InterestPaid`	$17.78K	USD	Annual
Income Taxes	`IncomeTaxesPaidNet`	$1.11M	USD	Annual
Income Taxes	`IncomeTaxesPaidNet`	$786.00K	USD	Annual

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balances, beginning	`StockholdersEquity`	$10.08M	USD	Point-in-time
Balances, beginning	`StockholdersEquity`	$11.89M	USD	Point-in-time
Balances, beginning	`StockholdersEquity`	$8.63M	USD	Point-in-time
Balances, beginning, shares	`CommonStockSharesOutstanding`	2.30M	shares	Point-in-time
Balances, beginning, shares	`CommonStockSharesOutstanding`	2.30M	shares	Point-in-time
Net income	`NetIncomeLoss`	$1.81M	USD	Annual
Net income	`NetIncomeLoss`	$1.45M	USD	Annual
Balances, ending	`StockholdersEquity`	$10.08M	USD	Point-in-time
Balances, ending	`StockholdersEquity`	$11.89M	USD	Point-in-time
Balances, ending	`StockholdersEquity`	$8.63M	USD	Point-in-time
Balances, ending, shares	`CommonStockSharesOutstanding`	2.30M	shares	Point-in-time
Balances, ending, shares	`CommonStockSharesOutstanding`	2.30M	shares	Point-in-time

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