10-Q Filing

IEH CORP CIK: 50292 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0001174947-16-003409`
Period End Date	20160930
Filing Date	20161114
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	iehc-20160923.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`	$8.60M	USD	Point-in-time
Accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$8.76M	USD	Point-in-time
Cash	`Cash`	$1.72M	USD	Point-in-time
Cash	`Cash`	$1.25M	USD	Point-in-time
Cash	`Cash`	$1.51M	USD	Point-in-time
Cash	`Cash`	$1.75M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	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 September 23, 2016 and March 25, 2016	`AccountsReceivableNetCurrent`	$2.28M	USD	Point-in-time
Accounts receivable, less allowances for doubtful accounts of $11,562 at September 23, 2016 and March 25, 2016	`AccountsReceivableNetCurrent`	$2.21M	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
Inventories (Note 3)	`InventoryNet`	$8.03M	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`	$7.25M	USD	Point-in-time
Excess payments to accounts receivable factor (Note 6)	`AccountsReceivableFromSecuritization`	$186.11K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.30M	shares	Point-in-time
Excess payments to accounts receivable factor (Note 6)	`AccountsReceivableFromSecuritization`	$335.96K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.30M	shares	Point-in-time
Prepaid expenses and other current assets (Note 4)	`PrepaidExpenseAndOtherAssetsCurrent`	$1.67M	USD	Point-in-time
Prepaid expenses and other current assets (Note 4)	`PrepaidExpenseAndOtherAssetsCurrent`	$1.38M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$12.78M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$13.83M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, less accumulated depreciation and amortization of $8,761,692 at September 23, 2016 and $8,603,892 at March 25, 2016 (Note 5)	`PropertyPlantAndEquipmentNet`	$2.07M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, less accumulated depreciation and amortization of $8,761,692 at September 23, 2016 and $8,603,892 at March 25, 2016 (Note 5)	`PropertyPlantAndEquipmentNet`	$1.87M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$54.39K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$54.36K	USD	Point-in-time
Total Assets	`Assets`	$14.70M	USD	Point-in-time
Total Assets	`Assets`	$15.96M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$195.83K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$226.03K	USD	Point-in-time
Accrued corporate income taxes	`AccruedIncomeTaxesCurrent`	$504.27K	USD	Point-in-time
Accrued corporate income taxes	`AccruedIncomeTaxesCurrent`	$294.41K	USD	Point-in-time
Other current liabilities (Note 7)	`OtherLiabilitiesCurrent`	$770.35K	USD	Point-in-time
Other current liabilities (Note 7)	`OtherLiabilitiesCurrent`	$631.28K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.50M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.12M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.12M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.50M	USD	Point-in-time
Common stock, $.01 par value; 10,000,000 shares authorized; 2,303,468 shares issued and outstanding at September 23, 2016 and March 25, 2016	`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 23, 2016 and March 25, 2016	`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`	$11.69M	USD	Point-in-time
Retained earnings (Note 8)	`RetainedEarningsAccumulatedDeficit`	$10.81M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$14.45M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$13.58M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$14.70M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$15.96M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
REVENUE, net sales	`SalesRevenueNet`	$5.26M	USD	1 Quarter
REVENUE, net sales	`SalesRevenueNet`	$5.09M	USD	1 Quarter
REVENUE, net sales	`SalesRevenueNet`	$9.72M	USD	2 Qtrs
REVENUE, net sales	`SalesRevenueNet`	$10.27M	USD	2 Qtrs
Cost of products sold	`CostOfGoodsSold`	$3.41M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$6.09M	USD	2 Qtrs
Cost of products sold	`CostOfGoodsSold`	$6.62M	USD	2 Qtrs
Cost of products sold	`CostOfGoodsSold`	$3.26M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$788.81K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$914.65K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.82M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.47M	USD	2 Qtrs
Interest expense	`InterestExpense`	$25.97K	USD	1 Quarter
Interest expense	`InterestExpense`	$10.12K	USD	2 Qtrs
Interest expense	`InterestExpense`	$37.48K	USD	2 Qtrs
Interest expense	`InterestExpense`	$5.62K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$157.80K	USD	2 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$72.00K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$75.00K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$158.00K	USD	2 Qtrs
Total Costs and Expenses	`CostsAndExpenses`	$4.28M	USD	1 Quarter
Total Costs and Expenses	`CostsAndExpenses`	$8.26M	USD	2 Qtrs
Total Costs and Expenses	`CostsAndExpenses`	$8.11M	USD	2 Qtrs
Total Costs and Expenses	`CostsAndExpenses`	$4.27M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$989.52K	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$2.01M	USD	2 Qtrs
OPERATING INCOME	`OperatingIncomeLoss`	$1.61M	USD	2 Qtrs
OPERATING INCOME	`OperatingIncomeLoss`	$817.32K	USD	1 Quarter
OTHER INCOME	`NonoperatingIncomeExpense`	$249.00	USD	1 Quarter
OTHER INCOME	`NonoperatingIncomeExpense`	$465.00	USD	2 Qtrs
OTHER INCOME	`NonoperatingIncomeExpense`	$226.00	USD	1 Quarter
OTHER INCOME	`NonoperatingIncomeExpense`	$455.00	USD	2 Qtrs
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$989.77K	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$817.55K	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.61M	USD	2 Qtrs
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.01M	USD	2 Qtrs
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$737.55K	USD	2 Qtrs
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$1.13M	USD	2 Qtrs
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$453.12K	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$682.13K	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$135.42K	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$536.65K	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$874.25K	USD	2 Qtrs
NET INCOME	`NetIncomeLoss`	$882.02K	USD	2 Qtrs
BASIC AND DILUTED EARNINGS PER SHARE (Note 2)	`EarningsPerShareBasicAndDiluted`	$0.23	USD	1 Quarter
BASIC AND DILUTED EARNINGS PER SHARE (Note 2)	`EarningsPerShareBasicAndDiluted`	$0.38	USD	2 Qtrs
BASIC AND DILUTED EARNINGS PER SHARE (Note 2)	`EarningsPerShareBasicAndDiluted`	$0.06	USD	1 Quarter
BASIC AND DILUTED EARNINGS PER SHARE (Note 2)	`EarningsPerShareBasicAndDiluted`	$0.38	USD	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	2 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

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$135.42K	USD	1 Quarter
Net income	`NetIncomeLoss`	$536.65K	USD	1 Quarter
Net income	`NetIncomeLoss`	$874.25K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$882.02K	USD	2 Qtrs
Depreciation	`Depreciation`	$158.00K	USD	2 Qtrs
Depreciation	`Depreciation`	$157.80K	USD	2 Qtrs
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$65.88K	USD	2 Qtrs
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$405.15K	USD	2 Qtrs
(Increase) in inventories	`IncreaseDecreaseInInventories`	$168.68K	USD	2 Qtrs
(Increase) in inventories	`IncreaseDecreaseInInventories`	$782.12K	USD	2 Qtrs
(Increase) decrease in excess payments to accounts receivable factor	`IncreaseDecreaseInAccountsReceivableFromSecuritization`	$-241.67K	USD	2 Qtrs
(Increase) decrease in excess payments to accounts receivable factor	`IncreaseDecreaseInAccountsReceivableFromSecuritization`	$149.85K	USD	2 Qtrs
(Increase) in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	-	USD	2 Qtrs
(Increase) in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$293.56K	USD	2 Qtrs
(Increase) in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	-	USD	2 Qtrs
(Increase) in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$23.00	USD	2 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-16.23K	USD	2 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$30.20K	USD	2 Qtrs
Increase (decrease) in other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-114.75K	USD	2 Qtrs
Increase (decrease) in other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$139.06K	USD	2 Qtrs
Increase in accrued corporate taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$30.86K	USD	2 Qtrs
Increase in accrued corporate taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$209.86K	USD	2 Qtrs
Total adjustments	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-274.28K	USD	2 Qtrs
Total adjustments	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-754.51K	USD	2 Qtrs
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$607.75K	USD	2 Qtrs
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$119.74K	USD	2 Qtrs
Acquisition of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$359.31K	USD	2 Qtrs
Acquisition of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$258.95K	USD	2 Qtrs
NET CASH (USED) BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-258.95K	USD	2 Qtrs
NET CASH (USED) BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-359.31K	USD	2 Qtrs
Net activity on accounts receivable financing	`ProceedsFromRepaymentsOfLinesOfCredit`	-	USD	2 Qtrs
Net activity on accounts receivable financing	`ProceedsFromRepaymentsOfLinesOfCredit`	$-822.79K	USD	2 Qtrs
NET CASH (USED) BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-822.79K	USD	2 Qtrs
NET CASH (USED) BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	-	USD	2 Qtrs
(DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$-239.57K	USD	2 Qtrs
(DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$-473.99K	USD	2 Qtrs
CASH, beginning of period	`Cash`	$1.72M	USD	Point-in-time
CASH, beginning of period	`Cash`	$1.25M	USD	Point-in-time
CASH, beginning of period	`Cash`	$1.51M	USD	Point-in-time
CASH, beginning of period	`Cash`	$1.75M	USD	Point-in-time
CASH, end of period	`Cash`	$1.72M	USD	Point-in-time
CASH, end of period	`Cash`	$1.25M	USD	Point-in-time
CASH, end of period	`Cash`	$1.51M	USD	Point-in-time
CASH, end of period	`Cash`	$1.75M	USD	Point-in-time
Interest	`InterestPaid`	$30.42K	USD	2 Qtrs
Interest	`InterestPaid`	$9.12K	USD	2 Qtrs
Income Taxes	`IncomeTaxesPaidNet`	$863.00K	USD	2 Qtrs
Income Taxes	`IncomeTaxesPaidNet`	$808.78K	USD	2 Qtrs

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