10-Q Filing

IEH CORP CIK: 50292 Q2 2019

Filing Information

Form Type	10-Q
Accession Number	`0001174947-18-001395`
Period End Date	20180930
Filing Date	20181116
Fiscal Year	2019
Fiscal Period	Q2
XBRL Instance	iehc-20180928.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 60 Cash Flow Statement 50

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`	-	USD	Point-in-time
Accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$9.60M	USD	Point-in-time
Accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$9.38M	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
Cash	`Cash`	$1.31M	USD	Point-in-time
Cash	`Cash`	$1.41M	USD	Point-in-time
Cash	`Cash`	$4.09M	USD	Point-in-time
Accounts receivable, less allowances for doubtful accounts of $0 at September 28, 2018 and $11,562 at March 30, 2018 (Note 13)	`AccountsReceivableNetCurrent`	$4.41M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	10.00M	shares	Point-in-time
Accounts receivable, less allowances for doubtful accounts of $0 at September 28, 2018 and $11,562 at March 30, 2018 (Note 13)	`AccountsReceivableNetCurrent`	$4.43M	USD	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`	$11.58M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.32M	shares	Point-in-time
Inventories (Note 3)	`InventoryNet`	$10.75M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.30M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.32M	shares	Point-in-time
Excess payments to Commercial finance company (Note 6)	`AccountsReceivableFromSecuritization`	$154.96K	USD	Point-in-time
Excess payments to Commercial finance company (Note 6)	`AccountsReceivableFromSecuritization`	$448.93K	USD	Point-in-time
Prepaid expenses and other current assets (Note 4)	`PrepaidExpenseAndOtherAssetsCurrent`	$296.63K	USD	Point-in-time
Prepaid expenses and other current assets (Note 4)	`PrepaidExpenseAndOtherAssetsCurrent`	$489.59K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$17.23M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$20.82M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, less accumulated depreciation and amortization of $9,602,961 at September 28, 2018 and $9,377,361 at March 30, 2018 (Note 5)	`PropertyPlantAndEquipmentNet`	$2.07M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, less accumulated depreciation and amortization of $9,602,961 at September 28, 2018 and $9,377,361 at March 30, 2018 (Note 5)	`PropertyPlantAndEquipmentNet`	$2.17M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$54.49K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$54.49K	USD	Point-in-time
Total Assets	`Assets`	$23.04M	USD	Point-in-time
Total Assets	`Assets`	$19.35M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$576.63K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$155.52K	USD	Point-in-time
Accrued corporate income taxes	`AccruedIncomeTaxesCurrent`	$935.76K	USD	Point-in-time
Accrued corporate income taxes	`AccruedIncomeTaxesCurrent`	$1.76M	USD	Point-in-time
Other current liabilities (Note 7)	`OtherLiabilitiesCurrent`	$835.29K	USD	Point-in-time
Other current liabilities (Note 7)	`OtherLiabilitiesCurrent`	$768.37K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.28M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.76M	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.76M	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.28M	USD	Point-in-time
Common stock, $.01 par value; 10,000,000 shares authorized; 2,323,468 shares issued and outstanding at September 28, 2018 and 2,303,468 issued and outstanding at March 30, 2018 (Note 9)	`CommonStockValue`	$23.04K	USD	Point-in-time
Common stock, $.01 par value; 10,000,000 shares authorized; 2,323,468 shares issued and outstanding at September 28, 2018 and 2,303,468 issued and outstanding at March 30, 2018 (Note 9)	`CommonStockValue`	$23.23K	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$3.77M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$3.77M	USD	Point-in-time
Retained earnings (Note 9)	`RetainedEarningsAccumulatedDeficit`	$16.49M	USD	Point-in-time
Retained earnings (Note 9)	`RetainedEarningsAccumulatedDeficit`	$13.28M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$17.07M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$20.28M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$19.35M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$23.04M	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
REVENUE, net sales	`Revenues`	$11.05M	USD	2 Qtrs
REVENUE, net sales	`Revenues`	$15.64M	USD	2 Qtrs
REVENUE, net sales	`Revenues`	$6.06M	USD	1 Quarter
REVENUE, net sales	`Revenues`	$6.60M	USD	1 Quarter
Cost of products sold	`CostOfRevenue`	$3.62M	USD	1 Quarter
Cost of products sold	`CostOfRevenue`	$4.04M	USD	1 Quarter
Cost of products sold	`CostOfRevenue`	$6.98M	USD	2 Qtrs
Cost of products sold	`CostOfRevenue`	$8.63M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.05M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.08M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.11M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.04M	USD	1 Quarter
Interest expense	`InterestExpense`	$15.55K	USD	2 Qtrs
Interest expense	`InterestExpense`	$16.64K	USD	2 Qtrs
Interest expense	`InterestExpense`	$8.10K	USD	1 Quarter
Interest expense	`InterestExpense`	$5.30K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$105.30K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$84.00K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$212.60K	USD	2 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$225.60K	USD	2 Qtrs
Total Costs and Expenses	`CostsAndExpenses`	$10.95M	USD	2 Qtrs
Total Costs and Expenses	`CostsAndExpenses`	$9.26M	USD	2 Qtrs
Total Costs and Expenses	`CostsAndExpenses`	$5.17M	USD	1 Quarter
Total Costs and Expenses	`CostsAndExpenses`	$4.85M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$1.79M	USD	2 Qtrs
OPERATING INCOME	`OperatingIncomeLoss`	$1.21M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$4.70M	USD	2 Qtrs
OPERATING INCOME	`OperatingIncomeLoss`	$1.42M	USD	1 Quarter
OTHER INCOME	`NonoperatingIncomeExpense`	$382.00	USD	1 Quarter
OTHER INCOME	`NonoperatingIncomeExpense`	$1.33K	USD	2 Qtrs
OTHER INCOME	`NonoperatingIncomeExpense`	$3.16K	USD	2 Qtrs
OTHER INCOME	`NonoperatingIncomeExpense`	$1.96K	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.79M	USD	2 Qtrs
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.21M	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.43M	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$4.70M	USD	2 Qtrs
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$923.34K	USD	2 Qtrs
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$644.94K	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$1.49M	USD	2 Qtrs
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$480.46K	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$3.21M	USD	2 Qtrs
NET INCOME	`NetIncomeLoss`	$870.28K	USD	2 Qtrs
NET INCOME	`NetIncomeLoss`	$564.66K	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$946.30K	USD	1 Quarter
BASIC EARNINGS PER SHARE (Note 2)	`EarningsPerShareBasic`	$1.38	USD	2 Qtrs
BASIC EARNINGS PER SHARE (Note 2)	`EarningsPerShareBasic`	$0.25	USD	1 Quarter
BASIC EARNINGS PER SHARE (Note 2)	`EarningsPerShareBasic`	$0.38	USD	2 Qtrs
BASIC EARNINGS PER SHARE (Note 2)	`EarningsPerShareBasic`	$0.41	USD	1 Quarter
FULLY DILUTED EARNINGS PER SHARE	`EarningsPerShareDiluted`	$1.15	USD	2 Qtrs
FULLY DILUTED EARNINGS PER SHARE	`EarningsPerShareDiluted`	$0.24	USD	1 Quarter
FULLY DILUTED EARNINGS PER SHARE	`EarningsPerShareDiluted`	$0.38	USD	2 Qtrs
FULLY DILUTED EARNINGS PER SHARE	`EarningsPerShareDiluted`	$0.30	USD	1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING (in thousands)	`WeightedAverageNumberOfSharesOutstandingBasic`	2.32M	shares	2 Qtrs
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING (in thousands)	`WeightedAverageNumberOfSharesOutstandingBasic`	2.30M	shares	2 Qtrs
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING (in thousands)	`WeightedAverageNumberOfSharesOutstandingBasic`	2.30M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING (in thousands)	`WeightedAverageNumberOfSharesOutstandingBasic`	2.32M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - FULLY DILUTED (in thousands)	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.19M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - FULLY DILUTED (in thousands)	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.32M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - FULLY DILUTED (in thousands)	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.31M	shares	2 Qtrs
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - FULLY DILUTED (in thousands)	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.79M	shares	2 Qtrs

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$3.21M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$870.28K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$564.66K	USD	1 Quarter
Net income	`NetIncomeLoss`	$946.30K	USD	1 Quarter
Depreciation	`Depreciation`	$225.60K	USD	2 Qtrs
Depreciation	`Depreciation`	$212.60K	USD	2 Qtrs
Recognition of stock compensation expense	`ShareBasedCompensation`	$5.60K	USD	2 Qtrs
Recognition of stock compensation expense	`ShareBasedCompensation`	$22.38K	USD	2 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-22.25K	USD	2 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$22.23K	USD	2 Qtrs
(Increase) in inventories	`IncreaseDecreaseInInventories`	$749.51K	USD	2 Qtrs
(Increase) in inventories	`IncreaseDecreaseInInventories`	$826.20K	USD	2 Qtrs
(Increase) in excess payments to commercial finance company	`IncreaseDecreaseInAccountsReceivableFromSecuritization`	$412.90K	USD	2 Qtrs
(Increase) in excess payments to commercial finance company	`IncreaseDecreaseInAccountsReceivableFromSecuritization`	$293.97K	USD	2 Qtrs
Decrease in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-598.08K	USD	2 Qtrs
Decrease in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-192.96K	USD	2 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-421.11K	USD	2 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$192.58K	USD	2 Qtrs
Increase (decrease) in other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-85.10K	USD	2 Qtrs
Increase (decrease) in other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$66.92K	USD	2 Qtrs
Increase in accrued corporate taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$278.64K	USD	2 Qtrs
Increase in accrued corporate taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$828.50K	USD	2 Qtrs
Total adjustments	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$34.54K	USD	2 Qtrs
Total adjustments	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-199.46K	USD	2 Qtrs
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$3.01M	USD	2 Qtrs
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$904.82K	USD	2 Qtrs
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$325.89K	USD	2 Qtrs
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$232.90K	USD	2 Qtrs
NET CASH (USED) BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-325.89K	USD	2 Qtrs
NET CASH (USED) BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-232.90K	USD	2 Qtrs
Payment of special cash dividend	`PaymentsOfDividends`	$575.87K	USD	2 Qtrs
Payment of special cash dividend	`PaymentsOfDividends`	-	USD	2 Qtrs
NET CASH PROVIDED (USED) BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-575.87K	USD	2 Qtrs
NET CASH PROVIDED (USED) BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	-	USD	2 Qtrs
INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$96.05K	USD	2 Qtrs
INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$2.68M	USD	2 Qtrs
CASH, beginning of period	`Cash`	$1.21M	USD	Point-in-time
CASH, beginning of period	`Cash`	$1.31M	USD	Point-in-time
CASH, beginning of period	`Cash`	$1.41M	USD	Point-in-time
CASH, beginning of period	`Cash`	$4.09M	USD	Point-in-time
CASH, end of period	`Cash`	$1.21M	USD	Point-in-time
CASH, end of period	`Cash`	$1.31M	USD	Point-in-time
CASH, end of period	`Cash`	$1.41M	USD	Point-in-time
CASH, end of period	`Cash`	$4.09M	USD	Point-in-time
Interest	`InterestPaidNet`	$14.05K	USD	2 Qtrs
Interest	`InterestPaidNet`	$15.14K	USD	2 Qtrs
Income Taxes	`IncomeTaxesPaidNet`	$504.66K	USD	2 Qtrs
Income Taxes	`IncomeTaxesPaidNet`	$51.15K	USD	2 Qtrs
Increase in issued and outstanding shares	`IncreaseInIssuedAndOutstandingShares`	$200.00	USD	2 Qtrs
Increase in issued and outstanding shares	`IncreaseInIssuedAndOutstandingShares`	-	USD	2 Qtrs

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