10-Q Filing

IEH CORP CIK: 50292 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001174947-17-001206`
Period End Date	20170630
Filing Date	20170814
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	iehc-20170630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 26 Cash Flow Statement 46

Balance Sheet 54 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`	$9.05M	USD	Point-in-time
Accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$9.15M	USD	Point-in-time
Cash	`Cash`	$1.34M	USD	Point-in-time
Cash	`Cash`	$1.21M	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`	$1.03M	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 June 30, 2017 and March 31, 2017	`AccountsReceivableNetCurrent`	$3.15M	USD	Point-in-time
Accounts receivable, less allowances for doubtful accounts of $11,562 at June 30, 2017 and March 31, 2017	`AccountsReceivableNetCurrent`	$3.11M	USD	Point-in-time
Inventories (Note 3)	`InventoryNet`	$9.32M	USD	Point-in-time
Inventories (Note 3)	`InventoryNet`	$8.69M	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
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.30M	shares	Point-in-time
Excess payments to commercial finance company (Note 6)	`AccountsReceivableFromSecuritization`	-	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.30M	shares	Point-in-time
Excess payments to commercial finance company (Note 6)	`AccountsReceivableFromSecuritization`	$191.43K	USD	Point-in-time
Prepaid expenses and other current assets (Note 4)	`PrepaidExpenseAndOtherAssetsCurrent`	$1.31M	USD	Point-in-time
Prepaid expenses and other current assets (Note 4)	`PrepaidExpenseAndOtherAssetsCurrent`	$1.31M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$14.81M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$14.50M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, less accumulated depreciation and amortization of $9,154,624 at June 30, 2017 and $9,047,324 at March 31, 2017 (Note 5)	`PropertyPlantAndEquipmentNet`	$2.02M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, less accumulated depreciation and amortization of $9,154,624 at June 30, 2017 and $9,047,324 at March 31, 2017 (Note 5)	`PropertyPlantAndEquipmentNet`	$2.02M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$54.45K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$54.45K	USD	Point-in-time
Total Assets	`Assets`	$16.88M	USD	Point-in-time
Total Assets	`Assets`	$16.58M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$235.19K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$309.20K	USD	Point-in-time
Due to commercial finance company (Note 6)	`AmountsDueToCommercialFinanceCompanyCurrent`	-	USD	Point-in-time
Due to commercial finance company (Note 6)	`AmountsDueToCommercialFinanceCompanyCurrent`	$190.97K	USD	Point-in-time
Accrued corporate income taxes	`AccruedIncomeTaxesCurrent`	$599.74K	USD	Point-in-time
Accrued corporate income taxes	`AccruedIncomeTaxesCurrent`	$851.84K	USD	Point-in-time
Other current liabilities (Note 7)	`OtherLiabilitiesCurrent`	$721.60K	USD	Point-in-time
Other current liabilities (Note 7)	`OtherLiabilitiesCurrent`	$688.02K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.52M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.07M	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.07M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.52M	USD	Point-in-time
Common stock, $.01 par value; 10,000,000 shares authorized; 2,303,468 shares issued and outstanding at June 30, 2017 and March 31, 2017	`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 30, 2017 and March 31, 2017	`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`	$12.29M	USD	Point-in-time
Retained earnings (Note 8)	`RetainedEarningsAccumulatedDeficit`	$12.04M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$15.05M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$14.80M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$16.88M	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`	$4.99M	USD	1 Quarter
REVENUE, net sales	`SalesRevenueNet`	$4.46M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$2.83M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$3.36M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$906.52K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$919.42K	USD	1 Quarter
Interest expense	`InterestExpense`	$8.54K	USD	1 Quarter
Interest expense	`InterestExpense`	$11.51K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$85.80K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$107.30K	USD	1 Quarter
Total Costs and Expenses	`CostsAndExpenses`	$4.39M	USD	1 Quarter
Total Costs and Expenses	`CostsAndExpenses`	$3.84M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$602.66K	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$621.81K	USD	1 Quarter
OTHER INCOME	`NonoperatingIncomeExpense`	$944.00	USD	1 Quarter
OTHER INCOME	`NonoperatingIncomeExpense`	$216.00	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$603.61K	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$622.03K	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$284.43K	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$278.40K	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$325.21K	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$337.60K	USD	1 Quarter
BASIC AND DILUTED EARNINGS PER SHARE (Note 2)	`EarningsPerShareBasicAndDiluted`	$0.14	USD	1 Quarter
BASIC AND DILUTED EARNINGS PER SHARE (Note 2)	`EarningsPerShareBasicAndDiluted`	$0.15	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 46 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$325.21K	USD	1 Quarter
Net income	`NetIncomeLoss`	$337.60K	USD	1 Quarter
Depreciation	`Depreciation`	$107.30K	USD	1 Quarter
Depreciation	`Depreciation`	$85.80K	USD	1 Quarter
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$37.51K	USD	1 Quarter
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$60.06K	USD	1 Quarter
(Increase) in inventories	`IncreaseDecreaseInInventories`	$635.74K	USD	1 Quarter
(Increase) in inventories	`IncreaseDecreaseInInventories`	$519.00K	USD	1 Quarter
Decrease in excess payments to commercial finance company	`IncreaseDecreaseInAccountsReceivableFromSecuritization`	$-191.43K	USD	1 Quarter
Decrease in excess payments to commercial finance company	`IncreaseDecreaseInAccountsReceivableFromSecuritization`	$-186.11K	USD	1 Quarter
(Increase) in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$6.30K	USD	1 Quarter
(Increase) in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$558.49K	USD	1 Quarter
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$74.01K	USD	1 Quarter
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$18.12K	USD	1 Quarter
Increase in other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$5.84K	USD	1 Quarter
Increase in other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$33.58K	USD	1 Quarter
Increase in accrued corporate taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$252.10K	USD	1 Quarter
Increase in accrued corporate taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$33.74K	USD	1 Quarter
Total adjustments	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-807.94K	USD	1 Quarter
Total adjustments	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-21.12K	USD	1 Quarter
NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-470.34K	USD	1 Quarter
NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$304.08K	USD	1 Quarter
Acquisition of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$104.19K	USD	1 Quarter
Acquisition of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$235.63K	USD	1 Quarter
NET CASH (USED) BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-235.63K	USD	1 Quarter
NET CASH (USED) BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-104.19K	USD	1 Quarter
Net activity on accounts receivable financed	`ProceedsFromRepaymentsOfLinesOfCredit`	$190.97K	USD	1 Quarter
Net activity on accounts receivable financed	`ProceedsFromRepaymentsOfLinesOfCredit`	$291.85K	USD	1 Quarter
Payment of dividend	`PaymentsOfDividends`	$575.87K	USD	1 Quarter
Payment of dividend	`PaymentsOfDividends`	-	USD	1 Quarter
NET CASH PROVIDED (USED) BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$291.85K	USD	1 Quarter
NET CASH PROVIDED (USED) BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-384.89K	USD	1 Quarter
(DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$-185.00K	USD	1 Quarter
(DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$-414.12K	USD	1 Quarter
CASH, beginning of period	`Cash`	$1.34M	USD	Point-in-time
CASH, beginning of period	`Cash`	$1.21M	USD	Point-in-time
CASH, beginning of period	`Cash`	$1.75M	USD	Point-in-time
CASH, beginning of period	`Cash`	$1.03M	USD	Point-in-time
CASH, end of period	`Cash`	$1.34M	USD	Point-in-time
CASH, end of period	`Cash`	$1.21M	USD	Point-in-time
CASH, end of period	`Cash`	$1.75M	USD	Point-in-time
CASH, end of period	`Cash`	$1.03M	USD	Point-in-time
Interest	`InterestPaid`	$4.33K	USD	1 Quarter
Interest	`InterestPaid`	$5.26K	USD	1 Quarter
Income Taxes	`IncomeTaxesPaidNet`	$51.15K	USD	1 Quarter
Income Taxes	`IncomeTaxesPaidNet`	$808.78K	USD	1 Quarter

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