10-Q Filing

IEH CORP CIK: 50292 Q3 2015

Filing Information

Form Type	10-Q
Accession Number	`0001174947-16-002079`
Period End Date	20151231
Filing Date	20160216
Fiscal Year	2015
Fiscal Period	Q3
XBRL Instance	iehc-20151225.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 52 Cash Flow Statement 48

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`	$8.48M	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`	$1.72M	USD	Point-in-time
Cash	`Cash`	$2.21M	USD	Point-in-time
Cash	`Cash`	$1.42M	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 December 25, 2015 and March 27, 2015	`AccountsReceivableNetCurrent`	$2.36M	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 25, 2015 and March 27, 2015	`AccountsReceivableNetCurrent`	$2.23M	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`	$6.75M	USD	Point-in-time
Inventories (Note 3)	`InventoryNet`	$6.92M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.30M	shares	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
Excess payments to accounts receivable factor (Note 6)	`AccountsReceivableFromSecuritization`	$492.74K	USD	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`	$552.72K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$11.10M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$12.54M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, less accumulated depreciation and amortization of $8,484,306 at December 25, 2015 and $8,272,106 March 27, 2015 (Note 5)	`PropertyPlantAndEquipmentNet`	$1.82M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, less accumulated depreciation and amortization of $8,484,306 at December 25, 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`	$14.41M	USD	Point-in-time
Total Assets	`Assets`	$12.84M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$138.65K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$550.41K	USD	Point-in-time
Accrued corporate income taxes	`AccruedIncomeTaxesCurrent`	$181.93K	USD	Point-in-time
Accrued corporate income taxes	`AccruedIncomeTaxesCurrent`	$162.51K	USD	Point-in-time
Other current liabilities (Note 7)	`OtherLiabilitiesCurrent`	$505.01K	USD	Point-in-time
Other current liabilities (Note 7)	`OtherLiabilitiesCurrent`	$630.12K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$950.71K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.22M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.22M	USD	Point-in-time
Total Liabilities	`Liabilities`	$950.71K	USD	Point-in-time
Common stock, $.01 par value; 10,000,000 shares authorized; 2,303,468 shares issued and outstanding at December 25, 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 December 25, 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`	$10.43M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$11.89M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$13.20M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$12.84M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$14.41M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
REVENUE, net sales	`SalesRevenueNet`	$14.92M	USD	3 Qtrs
REVENUE, net sales	`SalesRevenueNet`	$12.56M	USD	3 Qtrs
REVENUE, net sales	`SalesRevenueNet`	$4.65M	USD	1 Quarter
REVENUE, net sales	`SalesRevenueNet`	$4.73M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$2.84M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$7.78M	USD	3 Qtrs
Cost of products sold	`CostOfGoodsSold`	$3.13M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$9.76M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.26M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$789.53K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$717.37K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.98M	USD	3 Qtrs
Interest expense	`InterestExpense`	$5.25K	USD	1 Quarter
Interest expense	`InterestExpense`	$13.28K	USD	3 Qtrs
Interest expense	`InterestExpense`	$1.67K	USD	1 Quarter
Interest expense	`InterestExpense`	$11.79K	USD	3 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$54.20K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$75.00K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$212.20K	USD	3 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$232.10K	USD	3 Qtrs
Total Costs and Expenses	`CostsAndExpenses`	$12.24M	USD	3 Qtrs
Total Costs and Expenses	`CostsAndExpenses`	$10.00M	USD	3 Qtrs
Total Costs and Expenses	`CostsAndExpenses`	$3.98M	USD	1 Quarter
Total Costs and Expenses	`CostsAndExpenses`	$3.64M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$674.47K	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$2.56M	USD	3 Qtrs
OPERATING INCOME	`OperatingIncomeLoss`	$1.09M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$2.68M	USD	3 Qtrs
OTHER INCOME	`NonoperatingIncomeExpense`	$609.00	USD	3 Qtrs
OTHER INCOME	`NonoperatingIncomeExpense`	$254.00	USD	1 Quarter
OTHER INCOME	`NonoperatingIncomeExpense`	$630.00	USD	3 Qtrs
OTHER INCOME	`NonoperatingIncomeExpense`	$175.00	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`	$2.69M	USD	3 Qtrs
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$674.64K	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$1.16M	USD	3 Qtrs
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$491.26K	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$250.96K	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$1.38M	USD	3 Qtrs
NET INCOME	`NetIncomeLoss`	$1.40M	USD	3 Qtrs
NET INCOME	`NetIncomeLoss`	$1.31M	USD	3 Qtrs
NET INCOME	`NetIncomeLoss`	$423.68K	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$594.34K	USD	1 Quarter
BASIC AND DILUTED EARNINGS PER SHARE (Note 2)	`EarningsPerShareBasicAndDiluted`	$0.61	USD	3 Qtrs
BASIC AND DILUTED EARNINGS PER SHARE (Note 2)	`EarningsPerShareBasicAndDiluted`	$0.18	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`	$0.57	USD	3 Qtrs
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	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	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.40M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$1.31M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$423.68K	USD	1 Quarter
Net income	`NetIncomeLoss`	$594.34K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$54.20K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$75.00K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$212.20K	USD	3 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$232.10K	USD	3 Qtrs
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$606.88K	USD	3 Qtrs
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$134.64K	USD	3 Qtrs
(Increase) in inventories	`IncreaseDecreaseInInventories`	$171.98K	USD	3 Qtrs
(Increase) in inventories	`IncreaseDecreaseInInventories`	$1.24M	USD	3 Qtrs
(Increase) decrease in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$198.27K	USD	3 Qtrs
(Increase) decrease in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-254.33K	USD	3 Qtrs
(Increase) in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$9.02K	USD	3 Qtrs
(Increase) in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$2.00	USD	3 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-134.07K	USD	3 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$411.76K	USD	3 Qtrs
Increase (decrease) in other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-125.11K	USD	3 Qtrs
Increase (decrease) in other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$3.19K	USD	3 Qtrs
Increase (decrease) in accrued corporate income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$271.54K	USD	3 Qtrs
Increase (decrease) in accrued corporate income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-19.43K	USD	3 Qtrs
Total adjustments	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-25.47K	USD	3 Qtrs
Total adjustments	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-1.23M	USD	3 Qtrs
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$169.87K	USD	3 Qtrs
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$1.28M	USD	3 Qtrs
Acquisition of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$375.05K	USD	3 Qtrs
Acquisition of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$337.03K	USD	3 Qtrs
NET CASH (USED) BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-337.03K	USD	3 Qtrs
NET CASH (USED) BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-375.05K	USD	3 Qtrs
(Increase) in excess payments to accounts receivable factor	`ProceedsFromRepaymentsOfLinesOfCredit`	$-103.70K	USD	3 Qtrs
(Increase) in excess payments to accounts receivable factor	`ProceedsFromRepaymentsOfLinesOfCredit`	$-449.70K	USD	3 Qtrs
NET CASH (USED) BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-103.70K	USD	3 Qtrs
NET CASH (USED) BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-449.70K	USD	3 Qtrs
INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$-308.88K	USD	3 Qtrs
INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$493.50K	USD	3 Qtrs
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`	$2.21M	USD	Point-in-time
CASH, beginning 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`	$1.72M	USD	Point-in-time
CASH, end of period	`Cash`	$2.21M	USD	Point-in-time
CASH, end of period	`Cash`	$1.42M	USD	Point-in-time
Interest	`InterestPaid`	$13.28K	USD	3 Qtrs
Interest	`InterestPaid`	$11.79K	USD	3 Qtrs
Income Taxes	`IncomeTaxesPaidNet`	$594.00K	USD	3 Qtrs
Income Taxes	`IncomeTaxesPaidNet`	$1.59M	USD	3 Qtrs

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