10-Q Filing

IEH CORP CIK: 50292 Q3 2019

Filing Information

Form Type	10-Q
Accession Number	`0001174947-19-000192`
Period End Date	20181231
Filing Date	20190212
Fiscal Year	2019
Fiscal Period	Q3
XBRL Instance	iehc-20181228.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 60 Cash Flow Statement 52

Balance Sheet 56 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`	$9.38M	USD	Point-in-time
Accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$9.69M	USD	Point-in-time
Cash	`Cash`	$1.86M	USD	Point-in-time
Cash	`Cash`	$7.09M	USD	Point-in-time
Cash	`Cash`	$1.41M	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 $0 at December 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 authorized	`CommonStockSharesAuthorized`	10.00M	shares	Point-in-time
Accounts receivable, less allowances for doubtful accounts of $0 at December 28, 2018 and $11,562 at March 30, 2018 (Note 13)	`AccountsReceivableNetCurrent`	$2.91M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.32M	shares	Point-in-time
Inventories (Note 3)	`InventoryNet`	$11.43M	USD	Point-in-time
Inventories (Note 3)	`InventoryNet`	$10.75M	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
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.32M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.30M	shares	Point-in-time
Excess payments to commercial finance company (Note 6)	`AccountsReceivableFromSecuritization`	$154.96K	USD	Point-in-time
Prepaid expenses and other current assets (Note 4)	`PrepaidExpenseAndOtherAssetsCurrent`	$489.59K	USD	Point-in-time
Prepaid expenses and other current assets (Note 4)	`PrepaidExpenseAndOtherAssetsCurrent`	$115.88K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$21.55M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$17.23M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, less accumulated depreciation and amortization of $9,686,961, at December 28, 2018 and $9,377,361 at March 30, 2018 (Note 5)	`PropertyPlantAndEquipmentNet`	$2.28M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, less accumulated depreciation and amortization of $9,686,961, at December 28, 2018 and $9,377,361 at March 30, 2018 (Note 5)	`PropertyPlantAndEquipmentNet`	$2.07M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$54.49K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$54.49K	USD	Point-in-time
Other asstes, net	`OtherAssets`	$54.49K	USD	Point-in-time
Other asstes, net	`OtherAssets`	$54.49K	USD	Point-in-time
Total Assets	`Assets`	$19.35M	USD	Point-in-time
Total Assets	`Assets`	$23.88M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$40.95K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$576.63K	USD	Point-in-time
Due to commercial finance company (Note 6)	`DueToCommercialFinanceCompany`	-	USD	Point-in-time
Due to commercial finance company (Note 6)	`DueToCommercialFinanceCompany`	$228.76K	USD	Point-in-time
Accrued corporate income taxes	`AccruedIncomeTaxesCurrent`	$1.42M	USD	Point-in-time
Accrued corporate income taxes	`AccruedIncomeTaxesCurrent`	$935.76K	USD	Point-in-time
Other current liabilities (Note 7)	`OtherLiabilitiesCurrent`	$1.10M	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`	$2.79M	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.28M	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.79M	USD	Point-in-time
Common stock, $.01 par value; 10,000,000 shares authorized; 2,323,468 shares issued and outstanding at December 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 December 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`	$3.79M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$3.77M	USD	Point-in-time
Retained earnings (Note 9)	`RetainedEarningsAccumulatedDeficit`	$13.28M	USD	Point-in-time
Retained earnings (Note 9)	`RetainedEarningsAccumulatedDeficit`	$17.28M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$21.09M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$17.07M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$23.88M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$19.35M	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
REVENUE, net sales	`Revenues`	$16.28M	USD	3 Qtrs
REVENUE, net sales	`Revenues`	$5.98M	USD	1 Quarter
REVENUE, net sales	`Revenues`	$5.23M	USD	1 Quarter
REVENUE, net sales	`Revenues`	$21.62M	USD	3 Qtrs
Cost of products sold	`CostOfRevenue`	$12.42M	USD	3 Qtrs
Cost of products sold	`CostOfRevenue`	$10.48M	USD	3 Qtrs
Cost of products sold	`CostOfRevenue`	$3.79M	USD	1 Quarter
Cost of products sold	`CostOfRevenue`	$3.50M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$985.04K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.06M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$909.35K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.96M	USD	3 Qtrs
Interest expense	`InterestExpense`	$25.09K	USD	3 Qtrs
Interest expense	`InterestExpense`	$56.46K	USD	3 Qtrs
Interest expense	`InterestExpense`	$8.46K	USD	1 Quarter
Interest expense	`InterestExpense`	$40.90K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$309.60K	USD	3 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$317.90K	USD	3 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$84.00K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$105.30K	USD	1 Quarter
Total Costs and Expenses	`CostsAndExpenses`	$13.79M	USD	3 Qtrs
Total Costs and Expenses	`CostsAndExpenses`	$4.90M	USD	1 Quarter
Total Costs and Expenses	`CostsAndExpenses`	$15.85M	USD	3 Qtrs
Total Costs and Expenses	`CostsAndExpenses`	$4.53M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$5.77M	USD	3 Qtrs
OPERATING INCOME	`OperatingIncomeLoss`	$2.50M	USD	3 Qtrs
OPERATING INCOME	`OperatingIncomeLoss`	$1.08M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$705.98K	USD	1 Quarter
OTHER INCOME	`NonoperatingIncomeExpense`	$5.42K	USD	1 Quarter
OTHER INCOME	`NonoperatingIncomeExpense`	$2.09K	USD	3 Qtrs
OTHER INCOME	`NonoperatingIncomeExpense`	$766.00	USD	1 Quarter
OTHER INCOME	`NonoperatingIncomeExpense`	$8.58K	USD	3 Qtrs
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$706.75K	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.50M	USD	3 Qtrs
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$5.78M	USD	3 Qtrs
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.08M	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$294.24K	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$1.16M	USD	3 Qtrs
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$1.79M	USD	3 Qtrs
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$231.84K	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$474.91K	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$3.99M	USD	3 Qtrs
NET INCOME	`NetIncomeLoss`	$1.35M	USD	3 Qtrs
NET INCOME	`NetIncomeLoss`	$788.88K	USD	1 Quarter
BASIC EARNINGS PER SHARE (Note 2)	`EarningsPerShareBasic`	$0.21	USD	1 Quarter
BASIC EARNINGS PER SHARE (Note 2)	`EarningsPerShareBasic`	$0.59	USD	3 Qtrs
BASIC EARNINGS PER SHARE (Note 2)	`EarningsPerShareBasic`	$0.34	USD	1 Quarter
BASIC EARNINGS PER SHARE (Note 2)	`EarningsPerShareBasic`	$1.72	USD	3 Qtrs
FULLY DILUTED EARNINGS PER SHARE (Noter2)	`EarningsPerShareDiluted`	$0.33	USD	1 Quarter
FULLY DILUTED EARNINGS PER SHARE (Noter2)	`EarningsPerShareDiluted`	$0.20	USD	1 Quarter
FULLY DILUTED EARNINGS PER SHARE (Noter2)	`EarningsPerShareDiluted`	$0.59	USD	3 Qtrs
FULLY DILUTED EARNINGS PER SHARE (Noter2)	`EarningsPerShareDiluted`	$1.66	USD	3 Qtrs
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING (in thousands)	`WeightedAverageNumberOfSharesOutstandingBasic`	2.30M	shares	3 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 (in thousands)	`WeightedAverageNumberOfSharesOutstandingBasic`	2.32M	shares	3 Qtrs
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - FULLY DILUTED (in thousands)	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.31M	shares	3 Qtrs
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - FULLY DILUTED (in thousands)	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.42M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - FULLY DILUTED (in thousands)	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.41M	shares	3 Qtrs
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - FULLY DILUTED (in thousands)	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.32M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$474.91K	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.99M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$1.35M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$788.88K	USD	1 Quarter
Depreciation	`Depreciation`	$309.60K	USD	3 Qtrs
Depreciation	`Depreciation`	$317.90K	USD	3 Qtrs
Recognition of stock compensation expense	`ShareBasedCompensation`	$26.80K	USD	3 Qtrs
Recognition of stock compensation expense	`ShareBasedCompensation`	$25.18K	USD	3 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.52M	USD	3 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$196.35K	USD	3 Qtrs
(Increase) in inventories	`IncreaseDecreaseInInventories`	$677.89K	USD	3 Qtrs
(Increase) in inventories	`IncreaseDecreaseInInventories`	$1.72M	USD	3 Qtrs
Decrease in excess payments to commercial finance company	`IncreaseDecreaseInAccountsReceivableFromSecuritization`	$-154.96K	USD	3 Qtrs
Decrease in excess payments to commercial finance company	`IncreaseDecreaseInAccountsReceivableFromSecuritization`	$-191.43K	USD	3 Qtrs
Decrease in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-890.21K	USD	3 Qtrs
Decrease in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-373.71K	USD	3 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-535.68K	USD	3 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$86.46K	USD	3 Qtrs
Increase in other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$206.10K	USD	3 Qtrs
Increase in other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$331.20K	USD	3 Qtrs
Increase (decrease) in accrued corporate taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$486.33K	USD	3 Qtrs
Increase (decrease) in accrued corporate taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-71.71K	USD	3 Qtrs
Total adjustments	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-272.20K	USD	3 Qtrs
Total adjustments	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$1.99M	USD	3 Qtrs
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$5.98M	USD	3 Qtrs
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$1.07M	USD	3 Qtrs
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$528.09K	USD	3 Qtrs
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$328.11K	USD	3 Qtrs
NET CASH (USED) BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-328.11K	USD	3 Qtrs
NET CASH (USED) BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-528.09K	USD	3 Qtrs
Net activity on accounts receivable financing	`ProceedsFromPaymentsForOtherFinancingActivities`	$479.25K	USD	3 Qtrs
Net activity on accounts receivable financing	`ProceedsFromPaymentsForOtherFinancingActivities`	$228.76K	USD	3 Qtrs
Payment of special cash dividend	`PaymentsOfDividends`	$575.87K	USD	3 Qtrs
Payment of special cash dividend	`PaymentsOfDividends`	-	USD	3 Qtrs
NET CASH PROVIDED (USED) BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$228.76K	USD	3 Qtrs
NET CASH PROVIDED (USED) BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-96.62K	USD	3 Qtrs
INCREASE IN CASH	`CashPeriodIncreaseDecrease`	$648.27K	USD	3 Qtrs
INCREASE IN CASH	`CashPeriodIncreaseDecrease`	$5.68M	USD	3 Qtrs
CASH, beginning of period	`Cash`	$1.86M	USD	Point-in-time
CASH, beginning of period	`Cash`	$7.09M	USD	Point-in-time
CASH, beginning of period	`Cash`	$1.41M	USD	Point-in-time
CASH, beginning of period	`Cash`	$1.21M	USD	Point-in-time
CASH, end of period	`Cash`	$1.86M	USD	Point-in-time
CASH, end of period	`Cash`	$7.09M	USD	Point-in-time
CASH, end of period	`Cash`	$1.41M	USD	Point-in-time
CASH, end of period	`Cash`	$1.21M	USD	Point-in-time
Interest	`InterestPaidNet`	$54.96K	USD	3 Qtrs
Interest	`InterestPaidNet`	$19.64K	USD	3 Qtrs
Income Taxes	`IncomeTaxesPaidNet`	$694.04K	USD	3 Qtrs
Income Taxes	`IncomeTaxesPaidNet`	$326.18K	USD	3 Qtrs
Increase in issued and outstanding shares	`IncreaseInIssuedAndOutstandingShares`	-	USD	3 Qtrs
Increase in issued and outstanding shares	`IncreaseInIssuedAndOutstandingShares`	$200.00	USD	3 Qtrs

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