10-Q Filing

IEH CORP CIK: 50292 Q3 2016

Filing Information

Form Type	10-Q
Accession Number	`0001174947-17-000126`
Period End Date	20161231
Filing Date	20170206
Fiscal Year	2016
Fiscal Period	Q3
XBRL Instance	iehc-20161223.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`	$8.85M	USD	Point-in-time
Cash	`Cash`	$1.72M	USD	Point-in-time
Cash	`Cash`	$2.21M	USD	Point-in-time
Cash	`Cash`	$1.39M	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
Cash	`Cash`	$1.75M	USD	Point-in-time
Accounts receivable, less allowances for doubtful accounts of $11,562 at December 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
Accounts receivable, less allowances for doubtful accounts of $11,562 at December 23, 2016 and March 25, 2016	`AccountsReceivableNetCurrent`	$2.44M	USD	Point-in-time
Inventories (Note 3)	`InventoryNet`	$7.25M	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`	$8.53M	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
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.30M	shares	Point-in-time
Excess payments to accounts receivable factor (Note 6)	`AccountsReceivableFromSecuritization`	$104.25K	USD	Point-in-time
Prepaid expenses and other current assets (Note 4)	`PrepaidExpenseAndOtherAssetsCurrent`	$1.38M	USD	Point-in-time
Prepaid expenses and other current assets (Note 4)	`PrepaidExpenseAndOtherAssetsCurrent`	$1.46M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$13.91M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$12.78M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, less accumulated depreciation and amortization of $8,847,792 at December 23, 2016 and $8,603,892 at March 25, 2016 (Note 5)	`PropertyPlantAndEquipmentNet`	$1.87M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, less accumulated depreciation and amortization of $8,847,792 at December 23, 2016 and $8,603,892 at March 25, 2016 (Note 5)	`PropertyPlantAndEquipmentNet`	$2.08M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$54.36K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$54.45K	USD	Point-in-time
Total Assets	`Assets`	$16.05M	USD	Point-in-time
Total Assets	`Assets`	$14.70M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$195.83K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$166.78K	USD	Point-in-time
Accrued corporate income taxes	`AccruedIncomeTaxesCurrent`	$485.45K	USD	Point-in-time
Accrued corporate income taxes	`AccruedIncomeTaxesCurrent`	$294.41K	USD	Point-in-time
Other current liabilities (Note 7)	`OtherLiabilitiesCurrent`	$631.28K	USD	Point-in-time
Other current liabilities (Note 7)	`OtherLiabilitiesCurrent`	$616.58K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.27M	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`	$1.27M	USD	Point-in-time
Common stock, $.01 par value; 10,000,000 shares authorized; 2,303,468 shares issued and outstanding at December 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 December 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`	$12.01M	USD	Point-in-time
Retained earnings (Note 8)	`RetainedEarningsAccumulatedDeficit`	$10.81M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$13.58M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$14.78M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$14.70M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$16.05M	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`	$4.80M	USD	1 Quarter
REVENUE, net sales	`SalesRevenueNet`	$14.52M	USD	3 Qtrs
REVENUE, net sales	`SalesRevenueNet`	$4.65M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$9.76M	USD	3 Qtrs
Cost of products sold	`CostOfGoodsSold`	$3.13M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$3.18M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$9.27M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$789.53K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.26M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$913.70K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.73M	USD	3 Qtrs
Interest expense	`InterestExpense`	$7.56K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.67K	USD	1 Quarter
Interest expense	`InterestExpense`	$45.04K	USD	3 Qtrs
Interest expense	`InterestExpense`	$11.79K	USD	3 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$212.20K	USD	3 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$243.90K	USD	3 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$54.20K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$86.10K	USD	1 Quarter
Total Costs and Expenses	`CostsAndExpenses`	$4.19M	USD	1 Quarter
Total Costs and Expenses	`CostsAndExpenses`	$12.24M	USD	3 Qtrs
Total Costs and Expenses	`CostsAndExpenses`	$3.98M	USD	1 Quarter
Total Costs and Expenses	`CostsAndExpenses`	$12.30M	USD	3 Qtrs
OPERATING INCOME	`OperatingIncomeLoss`	$2.23M	USD	3 Qtrs
OPERATING INCOME	`OperatingIncomeLoss`	$615.29K	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$674.47K	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$2.68M	USD	3 Qtrs
OTHER INCOME	`NonoperatingIncomeExpense`	$175.00	USD	1 Quarter
OTHER INCOME	`NonoperatingIncomeExpense`	$630.00	USD	3 Qtrs
OTHER INCOME	`NonoperatingIncomeExpense`	$258.00	USD	1 Quarter
OTHER INCOME	`NonoperatingIncomeExpense`	$723.00	USD	3 Qtrs
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.23M	USD	3 Qtrs
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$674.64K	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$615.55K	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.69M	USD	3 Qtrs
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$1.38M	USD	3 Qtrs
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$1.03M	USD	3 Qtrs
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$292.77K	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$250.96K	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$423.68K	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$322.78K	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$1.31M	USD	3 Qtrs
NET INCOME	`NetIncomeLoss`	$1.20M	USD	3 Qtrs
BASIC AND DILUTED EARNINGS PER SHARE (Note 2)	`EarningsPerShareBasicAndDiluted`	$0.57	USD	3 Qtrs
BASIC AND DILUTED EARNINGS PER SHARE (Note 2)	`EarningsPerShareBasicAndDiluted`	$0.52	USD	3 Qtrs
BASIC AND DILUTED EARNINGS PER SHARE (Note 2)	`EarningsPerShareBasicAndDiluted`	$0.14	USD	1 Quarter
BASIC AND DILUTED EARNINGS PER SHARE (Note 2)	`EarningsPerShareBasicAndDiluted`	$0.18	USD	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
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`	$423.68K	USD	1 Quarter
Net income	`NetIncomeLoss`	$322.78K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.31M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$1.20M	USD	3 Qtrs
Depreciation	`Depreciation`	$212.20K	USD	3 Qtrs
Depreciation	`Depreciation`	$243.90K	USD	3 Qtrs
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$134.64K	USD	3 Qtrs
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$223.32K	USD	3 Qtrs
(Increase) in inventories	`IncreaseDecreaseInInventories`	$171.98K	USD	3 Qtrs
(Increase) in inventories	`IncreaseDecreaseInInventories`	$1.28M	USD	3 Qtrs
(Increase) decrease in excess payments to accounts receivable factor	`IncreaseDecreaseInAccountsReceivableFromSecuritization`	$198.27K	USD	3 Qtrs
(Increase) decrease in excess payments to accounts receivable factor	`IncreaseDecreaseInAccountsReceivableFromSecuritization`	$-81.87K	USD	3 Qtrs
(Increase) in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$79.67K	USD	3 Qtrs
(Increase) in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	-	USD	3 Qtrs
(Increase) in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$2.00	USD	3 Qtrs
(Increase) in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$88.00	USD	3 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-29.05K	USD	3 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$411.76K	USD	3 Qtrs
(Decrease) in other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-14.70K	USD	3 Qtrs
(Decrease) in other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-125.11K	USD	3 Qtrs
Increase (decrease) in accrued corporate taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$191.03K	USD	3 Qtrs
Increase (decrease) in accrued corporate taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-19.43K	USD	3 Qtrs
Total adjustments	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-25.47K	USD	3 Qtrs
Total adjustments	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-1.11M	USD	3 Qtrs
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$1.28M	USD	3 Qtrs
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$91.55K	USD	3 Qtrs
Acquisition of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$459.41K	USD	3 Qtrs
Acquisition of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$337.03K	USD	3 Qtrs
NET CASH (USED) BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-459.41K	USD	3 Qtrs
NET CASH (USED) BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-337.03K	USD	3 Qtrs
Net activity on accounts receivable financing	`ProceedsFromRepaymentsOfLinesOfCredit`	$-449.70K	USD	3 Qtrs
Net activity on accounts receivable financing	`ProceedsFromRepaymentsOfLinesOfCredit`	-	USD	3 Qtrs
NET CASH (USED) BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-449.70K	USD	3 Qtrs
NET CASH (USED) BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	-	USD	3 Qtrs
(DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$-367.87K	USD	3 Qtrs
(DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$493.50K	USD	3 Qtrs
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`	$1.39M	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`	$2.21M	USD	Point-in-time
CASH, end of period	`Cash`	$1.39M	USD	Point-in-time
CASH, end of period	`Cash`	$1.75M	USD	Point-in-time
Interest	`InterestPaid`	$11.79K	USD	3 Qtrs
Interest	`InterestPaid`	$43.48K	USD	3 Qtrs
Income Taxes	`IncomeTaxesPaidNet`	$1.59M	USD	3 Qtrs
Income Taxes	`IncomeTaxesPaidNet`	$942.15K	USD	3 Qtrs

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