10-Q Filing

IEH CORP CIK: 50292 Q3 2017

Filing Information

Form Type	10-Q
Accession Number	`0001174947-18-000173`
Period End Date	20171231
Filing Date	20180209
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	iehc-20171229.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 52 Cash Flow Statement 50

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`	$9.37M	USD	Point-in-time
Cash	`Cash`	$1.86M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash	`Cash`	$1.75M	USD	Point-in-time
Cash	`Cash`	$1.21M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash	`Cash`	$1.39M	USD	Point-in-time
Accounts receivable, less allowances for doubtful accounts of $11,562 at December 29, 2017 and March 31, 2017	`AccountsReceivableNetCurrent`	$3.11M	USD	Point-in-time
Accounts receivable, less allowances for doubtful accounts of $11,562 at December 29, 2017 and March 31, 2017	`AccountsReceivableNetCurrent`	$3.30M	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
Inventories (Note 3)	`InventoryNet`	$8.69M	USD	Point-in-time
Inventories (Note 3)	`InventoryNet`	$10.41M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.30M	shares	Point-in-time
Excess payments to commercial finance company (Note 6)	`AccountsReceivableFromSecuritization`	-	USD	Point-in-time
Excess payments to commercial finance company (Note 6)	`AccountsReceivableFromSecuritization`	$191.43K	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
Prepaid expenses and other current assets (Note 4)	`PrepaidExpenseAndOtherAssetsCurrent`	$417.83K	USD	Point-in-time
Prepaid expenses and other current assets (Note 4)	`PrepaidExpenseAndOtherAssetsCurrent`	$1.31M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$15.99M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$14.50M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, less accumulated depreciation and amortization of $9,365,224 at December 29, 2017 and $9,047,324 at March 31, 2017 (Note 5)	`PropertyPlantAndEquipmentNet`	$2.03M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, less accumulated depreciation and amortization of $9,365,224 at December 29, 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`	$18.07M	USD	Point-in-time
Total Assets	`Assets`	$16.58M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$321.65K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$235.19K	USD	Point-in-time
Due to commercial financing company (Note6)	`AmountsDueToCommercialFinanceCompanyCurrent`	-	USD	Point-in-time
Due to commercial financing company (Note6)	`AmountsDueToCommercialFinanceCompanyCurrent`	$479.25K	USD	Point-in-time
Accrued corporate income taxes	`AccruedIncomeTaxesCurrent`	$528.03K	USD	Point-in-time
Accrued corporate income taxes	`AccruedIncomeTaxesCurrent`	$599.74K	USD	Point-in-time
Other current liabilities (Note 7)	`OtherLiabilitiesCurrent`	$894.12K	USD	Point-in-time
Other current liabilities (Note 7)	`OtherLiabilitiesCurrent`	$688.02K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.22M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.52M	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.22M	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 December 29, 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 December 29, 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`	$13.08M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$15.85M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$15.05M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$18.07M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$16.58M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
REVENUE, net sales	`SalesRevenueNet`	$5.23M	USD	1 Quarter
REVENUE, net sales	`SalesRevenueNet`	$16.28M	USD	3 Qtrs
REVENUE, net sales	`SalesRevenueNet`	$14.52M	USD	3 Qtrs
REVENUE, net sales	`SalesRevenueNet`	$4.80M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$10.48M	USD	3 Qtrs
Cost of products sold	`CostOfGoodsSold`	$3.50M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$9.27M	USD	3 Qtrs
Cost of products sold	`CostOfGoodsSold`	$3.18M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.94M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$906.55K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$913.70K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.73M	USD	3 Qtrs
Interest expense	`InterestExpense`	$8.46K	USD	1 Quarter
Interest expense	`InterestExpense`	$25.09K	USD	3 Qtrs
Interest expense	`InterestExpense`	$7.56K	USD	1 Quarter
Interest expense	`InterestExpense`	$45.04K	USD	3 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$86.10K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$243.90K	USD	3 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$105.30K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$317.90K	USD	3 Qtrs
Total Costs and Expenses	`CostsAndExpenses`	$12.30M	USD	3 Qtrs
Total Costs and Expenses	`CostsAndExpenses`	$13.76M	USD	3 Qtrs
Total Costs and Expenses	`CostsAndExpenses`	$4.19M	USD	1 Quarter
Total Costs and Expenses	`CostsAndExpenses`	$4.52M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$708.78K	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$615.29K	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$2.52M	USD	3 Qtrs
OPERATING INCOME	`OperatingIncomeLoss`	$2.23M	USD	3 Qtrs
OTHER INCOME	`NonoperatingIncomeExpense`	$2.09K	USD	3 Qtrs
OTHER INCOME	`NonoperatingIncomeExpense`	$766.00	USD	1 Quarter
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`	$615.55K	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$709.55K	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.53M	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`	$1.16M	USD	3 Qtrs
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$231.84K	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$1.37M	USD	3 Qtrs
NET INCOME	`NetIncomeLoss`	$1.20M	USD	3 Qtrs
NET INCOME	`NetIncomeLoss`	$477.71K	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$322.78K	USD	1 Quarter
BASIC AND DILUTED EARNINGS PER SHARE (Note 2)	`EarningsPerShareBasicAndDiluted`	$0.21	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`	$0.59	USD	3 Qtrs
BASIC AND DILUTED EARNINGS PER SHARE (Note 2)	`EarningsPerShareBasicAndDiluted`	$0.52	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	1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING (IN THOUSANDS)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.30M	shares	3 Qtrs

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.37M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$1.20M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$477.71K	USD	1 Quarter
Net income	`NetIncomeLoss`	$322.78K	USD	1 Quarter
Depreciation	`Depreciation`	$317.90K	USD	3 Qtrs
Depreciation	`Depreciation`	$243.90K	USD	3 Qtrs
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$196.35K	USD	3 Qtrs
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$223.32K	USD	3 Qtrs
(Increase) in inventories	`IncreaseDecreaseInInventories`	$1.28M	USD	3 Qtrs
(Increase) in inventories	`IncreaseDecreaseInInventories`	$1.72M	USD	3 Qtrs
Decrease in excess payments to commercial finance company	`IncreaseDecreaseInAccountsReceivableFromSecuritization`	$-191.43K	USD	3 Qtrs
Decrease in excess payments to commercial finance company	`IncreaseDecreaseInAccountsReceivableFromSecuritization`	$-81.87K	USD	3 Qtrs
(Increase) decrease in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$79.67K	USD	3 Qtrs
(Increase) decrease in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-890.21K	USD	3 Qtrs
(Increase) in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$88.00	USD	3 Qtrs
(Increase) in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	-	USD	3 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-29.05K	USD	3 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$86.46K	USD	3 Qtrs
Increase (decrease) in other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$206.10K	USD	3 Qtrs
Increase (decrease) in other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-14.70K	USD	3 Qtrs
Increase (decrease) in accrued corporate taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-71.71K	USD	3 Qtrs
Increase (decrease) in accrued corporate taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$191.03K	USD	3 Qtrs
Total adjustments	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-297.38K	USD	3 Qtrs
Total adjustments	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-1.11M	USD	3 Qtrs
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$1.07M	USD	3 Qtrs
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$91.55K	USD	3 Qtrs
Acquisition of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$328.11K	USD	3 Qtrs
Acquisition of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$459.41K	USD	3 Qtrs
NET CASH (USED) BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-328.11K	USD	3 Qtrs
NET CASH (USED) BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-459.41K	USD	3 Qtrs
Net activity in due to commercial financing company	`ProceedsFromRepaymentsOfLinesOfCredit`	-	USD	3 Qtrs
Net activity in due to commercial financing company	`ProceedsFromRepaymentsOfLinesOfCredit`	$479.25K	USD	3 Qtrs
Payment of dividend	`PaymentsOfDividends`	$575.87K	USD	3 Qtrs
Payment of dividend	`PaymentsOfDividends`	-	USD	3 Qtrs
NET CASH (USED) BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	-	USD	3 Qtrs
NET CASH (USED) BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-96.62K	USD	3 Qtrs
INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$648.27K	USD	3 Qtrs
INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$-367.87K	USD	3 Qtrs
CASH, beginning of period	`Cash`	$1.86M	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, beginning of period	`Cash`	$1.39M	USD	Point-in-time
CASH, end of period	`Cash`	$1.86M	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
CASH, end of period	`Cash`	$1.39M	USD	Point-in-time
Interest	`InterestPaidNet`	$43.48K	USD	3 Qtrs
Interest	`InterestPaidNet`	$19.64K	USD	3 Qtrs
Income Taxes	`IncomeTaxesPaidNet`	$942.15K	USD	3 Qtrs
Income Taxes	`IncomeTaxesPaidNet`	$326.18K	USD	3 Qtrs

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