10-K Filing

IEH CORP CIK: 50292 FY 2019

Filing Information

Form Type	10-K
Accession Number	`0001174947-20-000987`
Period End Date	20200331
Filing Date	20201008
Fiscal Year	2019
Fiscal Period	FY
XBRL Instance	iehc-20200331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 32 Cash Flow Statement 54 Stockholders Equity 16

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	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
Cash	`Cash`	$1.41M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.32M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.37M	shares	Point-in-time
Cash	`Cash`	$7.08M	USD	Point-in-time
Cash	`Cash`	$7.76M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$3.83M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$5.36M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.32M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.37M	shares	Point-in-time
Inventories	`InventoryNet`	$12.02M	USD	Point-in-time
Inventories	`InventoryNet`	$12.62M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$534.90K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$175.87K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$25.92M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$23.47M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$2.56M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$2.57M	USD	Point-in-time
Right-of-use Asset-Leasehold	`OperatingLeaseRightOfUseAsset`	$111.12K	USD	Point-in-time
Right-of-use Asset-Leasehold	`OperatingLeaseRightOfUseAsset`	-	USD	Point-in-time
Deferred income tax asset, net	`DeferredIncomeTaxAssetsNet`	$264.21K	USD	Point-in-time
Deferred income tax asset, net	`DeferredIncomeTaxAssetsNet`	-	USD	Point-in-time
Security Deposit	`DepositsAssetsNoncurrent`	$54.49K	USD	Point-in-time
Security Deposit	`DepositsAssetsNoncurrent`	$54.49K	USD	Point-in-time
Total Assets	`Assets`	$26.08M	USD	Point-in-time
Total Assets	`Assets`	$28.92M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$484.48K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$480.01K	USD	Point-in-time
Due to commercial finance company	`DueToCommercialFinanceCompany`	$36.22K	USD	Point-in-time
Due to commercial finance company	`DueToCommercialFinanceCompany`	$334.31K	USD	Point-in-time
Customer advance payments	`ContractWithCustomerLiabilityCurrent`	$245.96K	USD	Point-in-time
Customer advance payments	`ContractWithCustomerLiabilityCurrent`	$348.23K	USD	Point-in-time
Accrued corporate income taxes	`AccruedIncomeTaxesCurrent`	$854.91K	USD	Point-in-time
Accrued corporate income taxes	`AccruedIncomeTaxesCurrent`	$1.19M	USD	Point-in-time
Deferred lease liabilities	`OperatingLeaseLiabilityCurrent`	-	USD	Point-in-time
Deferred lease liabilities	`OperatingLeaseLiabilityCurrent`	$119.63K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$668.46K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$977.42K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.41M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.33M	USD	Point-in-time
Deferred income tax liability	`DeferredIncomeTaxLiabilitiesNet`	$482.21K	USD	Point-in-time
Deferred income tax liability	`DeferredIncomeTaxLiabilitiesNet`	-	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.41M	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.82M	USD	Point-in-time
Commitments and Contingencies (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common Stock, $0.01 par value; 10,000,000 shares authorized; 2,370,251 and 2,323,468 shares issued and outstanding at March 31, 2020 and March 29, 2019, respectively	`CommonStockValue`	$23.70K	USD	Point-in-time
Common Stock, $0.01 par value; 10,000,000 shares authorized; 2,370,251 and 2,323,468 shares issued and outstanding at March 31, 2020 and March 29, 2019, respectively	`CommonStockValue`	$23.23K	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$5.49M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$3.80M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$21.00M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$18.44M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$26.51M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$17.07M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$22.27M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$28.92M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$26.08M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$32.15M	USD	Annual
Revenue	`Revenues`	$28.41M	USD	Annual
Cost of products sold	`CostOfGoodsAndServicesSold`	$21.91M	USD	Annual
Cost of products sold	`CostOfGoodsAndServicesSold`	$16.38M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$6.01M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$4.01M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$345.84K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$955.12K	USD	Annual
Total operating expenses	`CostsAndExpenses`	$28.87M	USD	Annual
Total operating expenses	`CostsAndExpenses`	$20.73M	USD	Annual
Operating income	`OperatingIncomeLoss`	$7.68M	USD	Annual
Operating income	`OperatingIncomeLoss`	$3.29M	USD	Annual
Other income	`OtherNonoperatingIncomeExpense`	$26.72K	USD	Annual
Other income	`OtherNonoperatingIncomeExpense`	$16.56K	USD	Annual
Interest expense	`InterestExpense`	$71.59K	USD	Annual
Interest expense	`InterestExpense`	$63.27K	USD	Annual
Total other expense	`NonoperatingIncomeExpense`	$-44.88K	USD	Annual
Total other expense	`NonoperatingIncomeExpense`	$-46.71K	USD	Annual
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$7.63M	USD	Annual
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.24M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$683.69K	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.47M	USD	Annual
Net Income	`NetIncomeLoss`	$5.16M	USD	Annual
Net Income	`NetIncomeLoss`	$2.56M	USD	Annual
Basic earnings per common share	`EarningsPerShareBasic`	$2.23	USD	Annual
Basic earnings per common share	`EarningsPerShareBasic`	$1.09	USD	Annual
Diluted earnings per share	`EarningsPerShareDiluted`	$2.15	USD	Annual
Diluted earnings per share	`EarningsPerShareDiluted`	$1.04	USD	Annual
Weighted average number of common shares outstanding - basic (in thousands)	`WeightedAverageNumberOfSharesOutstandingBasic`	2.34M	shares	Annual
Weighted average number of common shares outstanding - basic (in thousands)	`WeightedAverageNumberOfSharesOutstandingBasic`	2.32M	shares	Annual
Weighted average number of common shares outstanding - diluted (in thousands)	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.46M	shares	Annual
Weighted average number of common shares outstanding - diluted (in thousands)	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.41M	shares	Annual

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$5.16M	USD	Annual
Net income	`NetIncomeLoss`	$2.56M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$345.84K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$955.12K	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$35.26K	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$1.42M	USD	Annual
Obsolescence Provision	`ObsolescenceProvision`	$253.60K	USD	Annual
Obsolescence Provision	`ObsolescenceProvision`	$399.98K	USD	Annual
Deferred income taxes, net	`IncreaseDecreaseInDeferredIncomeTaxes`	$-482.21K	USD	Annual
Deferred income taxes, net	`IncreaseDecreaseInDeferredIncomeTaxes`	$746.43K	USD	Annual
Accounts Receivable (Increase) Decrease	`IncreaseDecreaseInAccountsReceivable`	$1.53M	USD	Annual
Accounts Receivable (Increase) Decrease	`IncreaseDecreaseInAccountsReceivable`	$-944.41K	USD	Annual
Inventories (Increase)	`IncreaseDecreaseInInventories`	$1.67M	USD	Annual
Inventories (Increase)	`IncreaseDecreaseInInventories`	$853.86K	USD	Annual
Prepaid expenses and other current assets Decrease (Increase)	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-359.02K	USD	Annual
Prepaid expenses and other current assets Decrease (Increase)	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$45.30K	USD	Annual
Right of use asset leasehold (Increase)	`IncreaseDecreaseInRightOfUseAssetLeasehold`	-	USD	Annual
Right of use asset leasehold (Increase)	`IncreaseDecreaseInRightOfUseAssetLeasehold`	$111.12K	USD	Annual
Deferred lease liability Increase	`IncreaseDecreaseDeferredLeaseLiability`	-	USD	Annual
Deferred lease liability Increase	`IncreaseDecreaseDeferredLeaseLiability`	$119.63K	USD	Annual
Accounts Payable Increase (Decrease)	`IncreaseDecreaseInAccountsPayable`	$4.46K	USD	Annual
Accounts Payable Increase (Decrease)	`IncreaseDecreaseInAccountsPayable`	$-96.62K	USD	Annual
Customer advance payments (Decrease)	`IncreaseDecreaseInContractWithCustomerLiability`	-	USD	Annual
Customer advance payments (Decrease)	`IncreaseDecreaseInContractWithCustomerLiability`	$-102.27K	USD	Annual
Other current liabilities (Decrease) Increase	`IncreaseDecreaseInOtherCurrentLiabilities`	$-308.96K	USD	Annual
Other current liabilities (Decrease) Increase	`IncreaseDecreaseInOtherCurrentLiabilities`	$209.05K	USD	Annual
Accrued corporate income taxes (Decrease) Increase	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-339.31K	USD	Annual
Accrued corporate income taxes (Decrease) Increase	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$258.45K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.68M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$6.02M	USD	Annual
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$840.29K	USD	Annual
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$969.40K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-840.29K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-969.40K	USD	Annual
Advances under accounts receivable financing	`AccountReceivableAdvanceFinancing`	$29.77M	USD	Annual
Advances under accounts receivable financing	`AccountReceivableAdvanceFinancing`	$30.23M	USD	Annual
Repayments under the accounts receivable financing	`RepaymentsUnderAccountsReceivableFinancing`	$30.06M	USD	Annual
Repayments under the accounts receivable financing	`RepaymentsUnderAccountsReceivableFinancing`	$29.74M	USD	Annual
Exercise of stock options	`ProceedsFromStockOptionsExercised`	-	USD	Annual
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$264.00K	USD	Annual
Net cash (used in)/provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$489.27K	USD	Annual
Net cash (used in)/provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-34.08K	USD	Annual
Net increase in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$679.93K	USD	Annual
Net increase in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$5.67M	USD	Annual
Cash - beginning of fiscal year	`Cash`	$1.41M	USD	Point-in-time
Cash - beginning of fiscal year	`Cash`	$7.08M	USD	Point-in-time
Cash - beginning of fiscal year	`Cash`	$7.76M	USD	Point-in-time
Cash - end of fiscal year	`Cash`	$1.41M	USD	Point-in-time
Cash - end of fiscal year	`Cash`	$7.08M	USD	Point-in-time
Cash - end of fiscal year	`Cash`	$7.76M	USD	Point-in-time
Interest	`InterestPaidNet`	$71.59K	USD	Annual
Interest	`InterestPaidNet`	$59.53K	USD	Annual
Income Taxes	`IncomeTaxesPaidNet`	$1.69M	USD	Annual
Income Taxes	`IncomeTaxesPaidNet`	$1.77M	USD	Annual

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Balances, beginning	`StockholdersEquity`	$26.51M	USD	Point-in-time
Balances, beginning	`StockholdersEquity`	$17.07M	USD	Point-in-time
Balances, beginning	`StockholdersEquity`	$22.27M	USD	Point-in-time
Balances, beginning, shares	`CommonStockSharesOutstanding`	2.32M	shares	Point-in-time
Balances, beginning, shares	`CommonStockSharesOutstanding`	2.37M	shares	Point-in-time
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$1.42M	USD	Annual
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$35.26K	USD	Annual
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$264.00K	USD	Annual
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	-	USD	Annual
Net income	`NetIncomeLoss`	$5.16M	USD	Annual
Net income	`NetIncomeLoss`	$2.56M	USD	Annual
Balances, ending	`StockholdersEquity`	$26.51M	USD	Point-in-time
Balances, ending	`StockholdersEquity`	$17.07M	USD	Point-in-time
Balances, ending	`StockholdersEquity`	$22.27M	USD	Point-in-time
Balances, ending, shares	`CommonStockSharesOutstanding`	2.32M	shares	Point-in-time
Balances, ending, shares	`CommonStockSharesOutstanding`	2.37M	shares	Point-in-time

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