10-Q Filing

IEH CORP CIK: 50292 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001174947-15-001357`
Period End Date	20150630
Filing Date	20150814
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	iehc-20150626.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 26 Cash Flow Statement 42

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`	$8.27M	USD	Point-in-time
Accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$8.36M	USD	Point-in-time
Cash	`Cash`	$1.73M	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`	$1.44M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash	`Cash`	$1.72M	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 26, 2015 and March 27, 2015	`AccountsReceivableNetCurrent`	$2.92M	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 26, 2015 and March 27, 2015	`AccountsReceivableNetCurrent`	$2.23M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.30M	shares	Point-in-time
Inventories (Note 3)	`InventoryNet`	$6.78M	USD	Point-in-time
Inventories (Note 3)	`InventoryNet`	$6.75M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.30M	shares	Point-in-time
Excess payments to accounts receivable factor (Note 6)	`AccountsReceivableFromSecuritization`	$283.96K	USD	Point-in-time
Excess payments to accounts receivable factor (Note 6)	`AccountsReceivableFromSecuritization`	$43.04K	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`	$354.45K	USD	Point-in-time
Prepaid expenses and other current assets (Note 4)	`PrepaidExpenseAndOtherAssetsCurrent`	$297.72K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$11.10M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$12.00M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, less accumulated depreciation and amortization of $8,355,106 at June 26, 2015 and $8,272,106 March 27, 2015 (Note 5)	`PropertyPlantAndEquipmentNet`	$1.73M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, less accumulated depreciation and amortization of $8,355,106 at June 26, 2015 and $8,272,106 March 27, 2015 (Note 5)	`PropertyPlantAndEquipmentNet`	$1.69M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$54.36K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$54.36K	USD	Point-in-time
Total Assets	`Assets`	$12.84M	USD	Point-in-time
Total Assets	`Assets`	$13.79M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$116.76K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$138.65K	USD	Point-in-time
Accrued corporate income taxes	`AccruedIncomeTaxesCurrent`	$369.15K	USD	Point-in-time
Accrued corporate income taxes	`AccruedIncomeTaxesCurrent`	$181.93K	USD	Point-in-time
Other current liabilities (Note 7)	`OtherLiabilitiesCurrent`	$630.12K	USD	Point-in-time
Other current liabilities (Note 7)	`OtherLiabilitiesCurrent`	$663.40K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$950.71K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.15M	USD	Point-in-time
Total Liabilities	`Liabilities`	$950.71K	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.15M	USD	Point-in-time
Common stock, $.01 par value; 10,000,000 shares authorized; 2,303,468 shares issued and outstanding at June 26, 2015 and March 27, 2015	`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 26, 2015 and March 27, 2015	`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`	$9.12M	USD	Point-in-time
Retained earnings (Note 8)	`RetainedEarningsAccumulatedDeficit`	$9.87M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$11.89M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$12.64M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$12.84M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$13.79M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
REVENUE, net sales	`SalesRevenueNet`	$3.94M	USD	1 Quarter
REVENUE, net sales	`SalesRevenueNet`	$5.17M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$3.22M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$2.50M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$677.82K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$641.25K	USD	1 Quarter
Interest expense	`InterestExpense`	$4.50K	USD	1 Quarter
Interest expense	`InterestExpense`	$3.51K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$83.00K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$82.10K	USD	1 Quarter
Total Costs and Expenses	`CostsAndExpenses`	$3.98M	USD	1 Quarter
Total Costs and Expenses	`CostsAndExpenses`	$3.23M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$1.19M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$708.02K	USD	1 Quarter
OTHER INCOME	`NonoperatingIncomeExpense`	$229.00	USD	1 Quarter
OTHER INCOME	`NonoperatingIncomeExpense`	$167.00	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$708.19K	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.19M	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$446.56K	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$320.98K	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$746.60K	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$387.21K	USD	1 Quarter
BASIC AND DILUTED EARNINGS PER SHARE (Note 2)	`EarningsPerShareBasicAndDiluted`	$0.32	USD	1 Quarter
BASIC AND DILUTED EARNINGS PER SHARE (Note 2)	`EarningsPerShareBasicAndDiluted`	$0.17	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 42 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$746.60K	USD	1 Quarter
Net income	`NetIncomeLoss`	$387.21K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$83.00K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$82.10K	USD	1 Quarter
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$388.09K	USD	1 Quarter
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$697.63K	USD	1 Quarter
(Increase) in inventories	`IncreaseDecreaseInInventories`	$28.28K	USD	1 Quarter
(Increase) in inventories	`IncreaseDecreaseInInventories`	$239.57K	USD	1 Quarter
(Increase) decrease in excess payments to accounts receivable factor	`IncreaseDecreaseInAccountsReceivableFromSecuritization`	$1.71K	USD	1 Quarter
(Increase) decrease in excess payments to accounts receivable factor	`IncreaseDecreaseInAccountsReceivableFromSecuritization`	$240.91K	USD	1 Quarter
(Increase) decrease in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-56.73K	USD	1 Quarter
(Increase) decrease in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$67.10K	USD	1 Quarter
(Increase) in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$3.00K	USD	1 Quarter
(Increase) in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	-	USD	1 Quarter
(Decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-21.89K	USD	1 Quarter
(Decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-73.85K	USD	1 Quarter
Increase in other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$33.27K	USD	1 Quarter
Increase in other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$41.07K	USD	1 Quarter
Increase in accrued corporate taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$187.22K	USD	1 Quarter
Increase in accrued corporate taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$139.47K	USD	1 Quarter
Total adjustments	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-510.68K	USD	1 Quarter
Total adjustments	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-628.50K	USD	1 Quarter
NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$118.11K	USD	1 Quarter
NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-123.47K	USD	1 Quarter
Acquisition of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$123.15K	USD	1 Quarter
Acquisition of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$171.41K	USD	1 Quarter
NET CASH (USED) BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-171.41K	USD	1 Quarter
NET CASH (USED) BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-123.15K	USD	1 Quarter
(DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$-294.88K	USD	1 Quarter
(DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$-5.04K	USD	1 Quarter
CASH, beginning of period	`Cash`	$1.73M	USD	Point-in-time
CASH, beginning of period	`Cash`	$1.72M	USD	Point-in-time
CASH, beginning of period	`Cash`	$1.44M	USD	Point-in-time
CASH, beginning of period	`Cash`	$1.72M	USD	Point-in-time
CASH, end of period	`Cash`	$1.73M	USD	Point-in-time
CASH, end of period	`Cash`	$1.72M	USD	Point-in-time
CASH, end of period	`Cash`	$1.44M	USD	Point-in-time
CASH, end of period	`Cash`	$1.72M	USD	Point-in-time
Interest	`InterestPaid`	$3.00K	USD	1 Quarter
Interest	`InterestPaid`	$3.51K	USD	1 Quarter
Income Taxes	`IncomeTaxesPaidNet`	$210.00K	USD	1 Quarter
Income Taxes	`IncomeTaxesPaidNet`	$192.00K	USD	1 Quarter

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