10-K Filing

IEH CORP CIK: 50292 FY 2016

Filing Information

Form Type	10-K
Accession Number	`0001174947-17-001061`
Period End Date	20170331
Filing Date	20170714
Fiscal Year	2016
Fiscal Period	FY
XBRL Instance	iehc-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 26 Cash Flow Statement 40 Stockholders Equity 14

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`	$9.05M	USD	Point-in-time
Cash	`Cash`	$1.72M	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
Cash	`Cash`	$1.21M	USD	Point-in-time
Accounts receivable, less allowances for doubtful accounts of $11,562 at March 31, 2017 and March 25, 2016	`AccountsReceivableNetCurrent`	$3.11M	USD	Point-in-time
Accounts receivable, less allowances for doubtful accounts of $11,562 at March 31, 2017 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
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`	$7.25M	USD	Point-in-time
Inventories (Note 2)	`InventoryNet`	$8.69M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.30M	shares	Point-in-time
Excess payments to accounts receivable factor (Note 5)	`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 5)	`AccountsReceivableFromSecuritization`	$191.43K	USD	Point-in-time
Prepaid expenses and other current assets (Note 3)	`PrepaidExpenseAndOtherAssetsCurrent`	$1.38M	USD	Point-in-time
Prepaid expenses and other current assets (Note 3)	`PrepaidExpenseAndOtherAssetsCurrent`	$1.31M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$12.78M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$14.50M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, less accumulated depreciation and amortization of $9,047,324 at March 31, 2017 and $8,603,892 at March 25, 2016 and (Note 4)	`PropertyPlantAndEquipmentNet`	$1.87M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, less accumulated depreciation and amortization of $9,047,324 at March 31, 2017 and $8,603,892 at March 25, 2016 and (Note 4)	`PropertyPlantAndEquipmentNet`	$2.02M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$54.45K	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`	$16.58M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$195.83K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$235.19K	USD	Point-in-time
Accrued corporate income taxes	`AccruedIncomeTaxesCurrent`	$599.74K	USD	Point-in-time
Accrued corporate income taxes	`AccruedIncomeTaxesCurrent`	$294.41K	USD	Point-in-time
Other current liabilities (Note 6)	`OtherLiabilitiesCurrent`	$688.02K	USD	Point-in-time
Other current liabilities (Note 6)	`OtherLiabilitiesCurrent`	$631.28K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.52M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.12M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.52M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.12M	USD	Point-in-time
Common Stock, $.01 par value; 10,000,000 shares authorized; 2,303,468 shares issued and outstanding at March 31, 2017 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 March 31, 2017 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`	$10.81M	USD	Point-in-time
Retained earnings (Note 8)	`RetainedEarningsAccumulatedDeficit`	$12.29M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$13.58M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$15.05M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$14.70M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$16.58M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
REVENUE, net sales	`SalesRevenueNet`	$19.36M	USD	Annual
REVENUE, net sales	`SalesRevenueNet`	$20.13M	USD	Annual
Cost of products sold	`CostOfGoodsSold`	$13.10M	USD	Annual
Cost of products sold	`CostOfGoodsSold`	$12.83M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.05M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.75M	USD	Annual
Interest expense	`InterestExpense`	$25.19K	USD	Annual
Interest expense	`InterestExpense`	$53.09K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$331.79K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$443.43K	USD	Annual
Total Costs and Expenses	`CostsAndExpenses`	$17.35M	USD	Annual
Total Costs and Expenses	`CostsAndExpenses`	$16.24M	USD	Annual
OPERATING INCOME	`OperatingIncomeLoss`	$3.12M	USD	Annual
OPERATING INCOME	`OperatingIncomeLoss`	$2.78M	USD	Annual
OTHER INCOME	`NonoperatingIncomeExpense`	$853.00	USD	Annual
OTHER INCOME	`NonoperatingIncomeExpense`	$1.23K	USD	Annual
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.78M	USD	Annual
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.12M	USD	Annual
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$1.31M	USD	Annual
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$1.43M	USD	Annual
NET INCOME	`NetIncomeLoss`	$1.69M	USD	Annual
NET INCOME	`NetIncomeLoss`	$1.47M	USD	Annual
BASIC AND DILUTED EARNINGS PER COMMON SHARE (Note 1)	`EarningsPerShareBasicAndDiluted`	$0.64	USD	Annual
BASIC AND DILUTED EARNINGS PER COMMON SHARE (Note 1)	`EarningsPerShareBasicAndDiluted`	$0.73	USD	Annual
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING (IN THOUSANDS)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2,303.00	shares	Annual
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING (IN THOUSANDS)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2,303.00	shares	Annual

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.69M	USD	Annual
Net income	`NetIncomeLoss`	$1.47M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$331.79K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$443.43K	USD	Annual
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$895.16K	USD	Annual
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-14.20K	USD	Annual
(Increase) in excess payments to accounts receivable factor	`IncreaseDecreaseInAccountsReceivableFromSecuritization`	$5.32K	USD	Annual
(Increase) in excess payments to accounts receivable factor	`IncreaseDecreaseInAccountsReceivableFromSecuritization`	$143.07K	USD	Annual
(Increase) in inventories	`IncreaseDecreaseInInventories`	$500.64K	USD	Annual
(Increase) in inventories	`IncreaseDecreaseInInventories`	$1.44M	USD	Annual
(Increase) decrease in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-69.83K	USD	Annual
(Increase) decrease in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.02M	USD	Annual
(Increase) in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	-	USD	Annual
(Increase) in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$88.00	USD	Annual
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$39.36K	USD	Annual
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$57.17K	USD	Annual
Increase in other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$1.16K	USD	Annual
Increase in other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$56.74K	USD	Annual
Increase in accrued corporate income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$112.48K	USD	Annual
Increase in accrued corporate income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$305.33K	USD	Annual
Total adjustments	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-1.15M	USD	Annual
Total adjustments	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-1.42M	USD	Annual
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$539.77K	USD	Annual
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$52.40K	USD	Annual
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$507.44K	USD	Annual
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$595.39K	USD	Annual
NET CASH (USED) BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-507.44K	USD	Annual
NET CASH (USED) BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-595.39K	USD	Annual
INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$-542.99K	USD	Annual
INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$32.34K	USD	Annual
CASH, beginning of period	`Cash`	$1.72M	USD	Point-in-time
CASH, beginning of period	`Cash`	$1.75M	USD	Point-in-time
CASH, beginning of period	`Cash`	$1.21M	USD	Point-in-time
CASH, end of period	`Cash`	$1.72M	USD	Point-in-time
CASH, end of period	`Cash`	$1.75M	USD	Point-in-time
CASH, end of period	`Cash`	$1.21M	USD	Point-in-time
Interest	`InterestPaid`	$50.81K	USD	Annual
Interest	`InterestPaid`	$25.19K	USD	Annual
Income Taxes	`IncomeTaxesPaidNet`	$942.15K	USD	Annual
Income Taxes	`IncomeTaxesPaidNet`	$2.33M	USD	Annual

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balances, beginning	`StockholdersEquity`	$15.05M	USD	Point-in-time
Balances, beginning	`StockholdersEquity`	$11.89M	USD	Point-in-time
Balances, beginning	`StockholdersEquity`	$13.58M	USD	Point-in-time
Balances, beginning, shares	`CommonStockSharesOutstanding`	2.30M	shares	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`	$1.69M	USD	Annual
Net income	`NetIncomeLoss`	$1.47M	USD	Annual
Balances, ending	`StockholdersEquity`	$15.05M	USD	Point-in-time
Balances, ending	`StockholdersEquity`	$11.89M	USD	Point-in-time
Balances, ending	`StockholdersEquity`	$13.58M	USD	Point-in-time
Balances, ending, shares	`CommonStockSharesOutstanding`	2.30M	shares	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.