10-K/A Filing

IEH CORP CIK: 50292 FY 2019

Filing Information

Form Type	10-K/A
Accession Number	`0001174947-20-000426`
Period End Date	20190331
Filing Date	20200320
Fiscal Year	2019
Fiscal Period	FY
XBRL Instance	iehc-20190329.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 30 Cash Flow Statement 50 Stockholders Equity 18

Balance Sheet 56 line items

Line Item	Tag	Value	Unit	Period
Allowances for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	-	USD	Point-in-time
Allowances for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$11.56K	USD	Point-in-time
Accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$9.72M	USD	Point-in-time
Accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$9.38M	USD	Point-in-time
Cash	`Cash`	$7.08M	USD	Point-in-time
Cash	`Cash`	$1.21M	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`	$1.41M	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 and $11,562 at March 29, 2019 and March 30, 2018, respectively	`AccountsReceivableNetCurrent`	$4.48M	USD	Point-in-time
Accounts receivable, less allowances for doubtful accounts of $0 and $11,562 at March 29, 2019 and March 30, 2018, respectively	`AccountsReceivableNetCurrent`	$3.83M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.30M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.32M	shares	Point-in-time
Inventories (Note 2)	`InventoryNet`	$12.02M	USD	Point-in-time
Inventories (Note 2)	`InventoryNet`	$10.75M	USD	Point-in-time
Excess payments to accounts receivable finance company (Note 5)	`AccountsReceivableFromSecuritization`	$154.96K	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 accounts receivable finance company (Note 5)	`AccountsReceivableFromSecuritization`	-	USD	Point-in-time
Prepaid expenses and other current assets (Note 3)	`PrepaidExpenseAndOtherAssetsCurrent`	$534.90K	USD	Point-in-time
Prepaid expenses and other current assets (Note 3)	`PrepaidExpenseAndOtherAssetsCurrent`	$489.59K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$23.47M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$17.29M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, less accumulated depreciation and amortization of $9,723,201 at March 29, 2019 and $9,377,361 at March 30, 2018 (Note 4)	`PropertyPlantAndEquipmentNet`	$2.56M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, less accumulated depreciation and amortization of $9,723,201 at March 29, 2019 and $9,377,361 at March 30, 2018 (Note 4)	`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
Total Assets	`Assets`	$26.08M	USD	Point-in-time
Total Assets	`Assets`	$19.41M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$480.01K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$576.63K	USD	Point-in-time
Due to accounts receivable financing company	`DueToRelatedPartiesCurrent`	-	USD	Point-in-time
Due to accounts receivable financing company	`DueToRelatedPartiesCurrent`	$334.31K	USD	Point-in-time
Customer advance payments	`AccountsPayableRelatedPartiesCurrent`	$53.74K	USD	Point-in-time
Customer advance payments	`AccountsPayableRelatedPartiesCurrent`	$348.23K	USD	Point-in-time
Accrued corporate income taxes	`AccruedIncomeTaxesCurrent`	$935.76K	USD	Point-in-time
Accrued corporate income taxes	`AccruedIncomeTaxesCurrent`	$1.68M	USD	Point-in-time
Other current liabilities (Note 6)	`OtherLiabilitiesCurrent`	$977.42K	USD	Point-in-time
Other current liabilities (Note 6)	`OtherLiabilitiesCurrent`	$768.37K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.33M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.82M	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.82M	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.33M	USD	Point-in-time
Common Stock, $.01 par value; 10,000,000 shares authorized; 2,323,468 shares issued and outstanding at March 29, 2019 and 2,303,468 shares issued and outstanding at March 30, 2018	`CommonStockValue`	$23.23K	USD	Point-in-time
Common Stock, $.01 par value; 10,000,000 shares authorized; 2,323,468 shares issued and outstanding at March 29, 2019 and 2,303,468 shares issued and outstanding at March 30, 2018	`CommonStockValue`	$23.04K	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$3.77M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$3.80M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$18.44M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$13.28M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$22.27M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$17.07M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$15.05M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$19.41M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$26.08M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
REVENUE, net sales	`Revenues`	$28.41M	USD	Annual
REVENUE, net sales	`Revenues`	$23.47M	USD	Annual
Cost of products sold	`CostOfGoodsAndServicesSold`	$14.73M	USD	Annual
Cost of products sold	`CostOfGoodsAndServicesSold`	$16.38M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$4.01M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$4.01M	USD	Annual
Interest expense	`InterestExpense`	$48.18K	USD	Annual
Interest expense	`InterestExpense`	$63.27K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$345.84K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$330.04K	USD	Annual
Total Costs and Expenses	`CostsAndExpenses`	$19.12M	USD	Annual
Total Costs and Expenses	`CostsAndExpenses`	$20.79M	USD	Annual
OPERATING INCOME	`OperatingIncomeLoss`	$7.61M	USD	Annual
OPERATING INCOME	`OperatingIncomeLoss`	$4.35M	USD	Annual
OTHER INCOME	`NonoperatingIncomeExpense`	$16.56K	USD	Annual
OTHER INCOME	`NonoperatingIncomeExpense`	$3.07K	USD	Annual
INCOME BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$4.36M	USD	Annual
INCOME BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$7.63M	USD	Annual
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$2.47M	USD	Annual
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$1.79M	USD	Annual
NET INCOME	`NetIncomeLoss`	$5.16M	USD	Annual
NET INCOME	`NetIncomeLoss`	$2.57M	USD	Annual
BASIC EARNINGS PER COMMON SHARE (Note 1)	`EarningsPerShareBasicAndDiluted`	$2.23	USD	Annual
BASIC EARNINGS PER COMMON SHARE (Note 1)	`EarningsPerShareBasicAndDiluted`	$1.11	USD	Annual
FULLY DILUTED EARNINGS PER SHARE (Note 1)	`EarningsPerShareDiluted`	$2.15	USD	Annual
FULLY DILUTED EARNINGS PER SHARE (Note 1)	`EarningsPerShareDiluted`	$1.10	USD	Annual
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - BASIC (IN THOUSANDS)	`WeightedAverageNumberOfSharesOutstandingBasic`	2.32M	shares	Annual
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - BASIC (IN THOUSANDS)	`WeightedAverageNumberOfSharesOutstandingBasic`	2.30M	shares	Annual
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - FULLY DILUTED (IN THOUSANDS)	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.33M	shares	Annual
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - FULLY DILUTED (IN THOUSANDS)	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.41M	shares	Annual

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$5.16M	USD	Annual
Net income	`NetIncomeLoss`	$2.57M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$345.84K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$330.04K	USD	Annual
Recognition of stock option compensation expense	`ShareBasedCompensation`	$27.98K	USD	Annual
Recognition of stock option compensation expense	`ShareBasedCompensation`	$35.26K	USD	Annual
Obsolescence Provision	`ObsolescenceProvision`	$208.26K	USD	Annual
Obsolescence Provision	`ObsolescenceProvision`	$399.98K	USD	Annual
Decrease (Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-944.41K	USD	Annual
Decrease (Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.32M	USD	Annual
Decrease in excess payments to accounts receivable factor	`IncreaseDecreaseInAccountsReceivableFromSecuritization`	$-154.96K	USD	Annual
Decrease in excess payments to accounts receivable factor	`IncreaseDecreaseInAccountsReceivableFromSecuritization`	$-36.47K	USD	Annual
(Increase) in inventories	`IncreaseDecreaseInInventories`	$1.67M	USD	Annual
(Increase) in inventories	`IncreaseDecreaseInInventories`	$2.27M	USD	Annual
(Increase) decrease in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-818.44K	USD	Annual
(Increase) decrease in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$45.30K	USD	Annual
(Increase) in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	-	USD	Annual
(Increase) in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$38.00	USD	Annual
Decrease (Increase) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$341.44K	USD	Annual
Decrease (Increase) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-96.62K	USD	Annual
Increase in other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$209.05K	USD	Annual
Increase in other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$80.35K	USD	Annual
Increase in accrued corporate income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$336.02K	USD	Annual
Increase in accrued corporate income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$740.67K	USD	Annual
Total adjustments	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$1.02M	USD	Annual
Total adjustments	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-1.42M	USD	Annual
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$6.18M	USD	Annual
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$1.15M	USD	Annual
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$840.29K	USD	Annual
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$377.04K	USD	Annual
NET CASH (USED) BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-840.29K	USD	Annual
NET CASH (USED) BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-377.04K	USD	Annual
Net activity on accounts receivable financing	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	Annual
Net activity on accounts receivable financing	`ProceedsFromPaymentsForOtherFinancingActivities`	$334.31K	USD	Annual
Cash dividend payment	`PaymentsOfDividends`	-	USD	Annual
Cash dividend payment	`PaymentsOfDividends`	$575.87K	USD	Annual
NET CASH PROVIDED (USED) BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$334.31K	USD	Annual
NET CASH PROVIDED (USED) BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-575.87K	USD	Annual
INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.67M	USD	Annual
INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$196.25K	USD	Annual
CASH, beginning of period	`Cash`	$7.08M	USD	Point-in-time
CASH, beginning of period	`Cash`	$1.21M	USD	Point-in-time
CASH, beginning of period	`Cash`	$1.41M	USD	Point-in-time
CASH, end of period	`Cash`	$7.08M	USD	Point-in-time
CASH, end of period	`Cash`	$1.21M	USD	Point-in-time
CASH, end of period	`Cash`	$1.41M	USD	Point-in-time
Interest	`InterestPaidNet`	$42.59K	USD	Annual
Interest	`InterestPaidNet`	$59.53K	USD	Annual
Income Taxes	`IncomeTaxesPaidNet`	$1.69M	USD	Annual
Income Taxes	`IncomeTaxesPaidNet`	$684.89K	USD	Annual

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Balances, beginning	`StockholdersEquity`	$22.27M	USD	Point-in-time
Balances, beginning	`StockholdersEquity`	$17.07M	USD	Point-in-time
Balances, beginning	`StockholdersEquity`	$15.05M	USD	Point-in-time
Balances, beginning, shares	`CommonStockSharesOutstanding`	2.30M	shares	Point-in-time
Balances, beginning, shares	`CommonStockSharesOutstanding`	2.32M	shares	Point-in-time
Dividend Payment	`Dividends`	$575.87K	USD	Annual
Recognition of stock option compensation expense	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$27.98K	USD	Annual
Recognition of stock option compensation expense	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$35.26K	USD	Annual
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	-	USD	Annual
Exercise of stock options, shares	`StockIssuedDuringPeriodSharesStockOptionsExercised`	0.00	shares	Annual
Exercise of stock options, shares	`StockIssuedDuringPeriodSharesStockOptionsExercised`	75,000.00	shares	Annual
Net income: year ended	`NetIncomeLoss`	$5.16M	USD	Annual
Net income: year ended	`NetIncomeLoss`	$2.57M	USD	Annual
Balances, ending	`StockholdersEquity`	$22.27M	USD	Point-in-time
Balances, ending	`StockholdersEquity`	$17.07M	USD	Point-in-time
Balances, ending	`StockholdersEquity`	$15.05M	USD	Point-in-time
Balances, ending, shares	`CommonStockSharesOutstanding`	2.30M	shares	Point-in-time
Balances, ending, shares	`CommonStockSharesOutstanding`	2.32M	shares	Point-in-time

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