10-Q Filing

IEH CORP CIK: 50292 Q3 2024

Filing Information

Form Type	10-Q
Accession Number	`0001213900-24-013296`
Period End Date	20231231
Filing Date	20240213
Fiscal Year	2024
Fiscal Period	Q3
XBRL Instance	f10q1223_iehcorporation_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 68 Cash Flow Statement 62 Stockholders Equity 33

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in Dollars per share)	`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
Common stock, shares issued	`CommonStockSharesIssued`	2.38M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.34M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.38M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.94M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$2.99M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.38M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$3.24M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.37M	shares	Point-in-time
Inventories	`InventoryNet`	$9.78M	USD	Point-in-time
Inventories	`InventoryNet`	$9.45M	USD	Point-in-time
Corporate income taxes receivable	`IncomeTaxesReceivable`	$1.72M	USD	Point-in-time
Corporate income taxes receivable	`IncomeTaxesReceivable`	$1.49M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$136.40K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$96.78K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$19.59M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$22.60M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$3.35M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$3.87M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$2.66M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$2.41M	USD	Point-in-time
Security deposit	`DepositsAssetsNoncurrent`	$75.76K	USD	Point-in-time
Security deposit	`DepositsAssetsNoncurrent`	$75.76K	USD	Point-in-time
Total assets	`Assets`	$25.42M	USD	Point-in-time
Total assets	`Assets`	$29.20M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$817.87K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.05M	USD	Point-in-time
Customer advance payments	`CustomerAdvancesCurrent`	$35.12K	USD	Point-in-time
Customer advance payments	`CustomerAdvancesCurrent`	$20.64K	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$317.33K	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$342.94K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$902.15K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$558.89K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.29M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.75M	USD	Point-in-time
Operating lease liabilities, non-current	`OperatingLeaseLiabilityNoncurrent`	$2.33M	USD	Point-in-time
Operating lease liabilities, non-current	`OperatingLeaseLiabilityNoncurrent`	$2.59M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.88M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.08M	USD	Point-in-time
Commitments and Contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common Stock, $0.01 par value; 10,000,000 shares authorized; 2,380,251 and 2,370,251 shares issued and outstanding at December 31, 2023 and March 31, 2023, respectively	`CommonStockValue`	$23.80K	USD	Point-in-time
Common Stock, $0.01 par value; 10,000,000 shares authorized; 2,380,251 and 2,370,251 shares issued and outstanding at December 31, 2023 and March 31, 2023, respectively	`CommonStockValue`	$23.70K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.93M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.57M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$13.38M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$16.73M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$25.63M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$23.13M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$21.34M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$24.32M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$30.82M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$22.09M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$27.92M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$26.47M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$25.42M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$29.20M	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$5.11M	USD	1 Quarter
Revenue	`Revenues`	$14.60M	USD	3 Qtrs
Revenue	`Revenues`	$5.57M	USD	1 Quarter
Revenue	`Revenues`	$13.84M	USD	3 Qtrs
Cost of products sold	`CostOfGoodsAndServicesSold`	$4.45M	USD	1 Quarter
Cost of products sold	`CostOfGoodsAndServicesSold`	$12.62M	USD	3 Qtrs
Cost of products sold	`CostOfGoodsAndServicesSold`	$13.57M	USD	3 Qtrs
Cost of products sold	`CostOfGoodsAndServicesSold`	$4.48M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.72M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.38M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$4.76M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.96M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$648.02K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$768.83K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$263.24K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$217.20K	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$6.43M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$18.30M	USD	3 Qtrs
Total operating expenses	`CostsAndExpenses`	$6.08M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$18.02M	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-969.19K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-4.46M	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-3.42M	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-857.35K	USD	1 Quarter
Other income	`OtherIncome`	$62.58K	USD	3 Qtrs
Other income	`OtherIncome`	$8.53K	USD	1 Quarter
Other income	`OtherIncome`	-	USD	3 Qtrs
Other income	`OtherIncome`	-	USD	1 Quarter
Interest income (expense), net	`InterestIncomeExpenseNonoperatingNet`	$43.14K	USD	1 Quarter
Interest income (expense), net	`InterestIncomeExpenseNonoperatingNet`	$15.19K	USD	3 Qtrs
Interest income (expense), net	`InterestIncomeExpenseNonoperatingNet`	$81.46K	USD	3 Qtrs
Interest income (expense), net	`InterestIncomeExpenseNonoperatingNet`	$10.42K	USD	1 Quarter
Total other income (expense), net	`OtherNonoperatingIncomeExpense`	$81.46K	USD	3 Qtrs
Total other income (expense), net	`OtherNonoperatingIncomeExpense`	$77.77K	USD	3 Qtrs
Total other income (expense), net	`OtherNonoperatingIncomeExpense`	$43.14K	USD	1 Quarter
Total other income (expense), net	`OtherNonoperatingIncomeExpense`	$18.95K	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.38M	USD	3 Qtrs
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.34M	USD	3 Qtrs
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-926.05K	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-838.40K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$806.38K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-838.40K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-926.05K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.90M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.19M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-1.45M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.10M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.34M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-1.32M	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$-2.19	USD	3 Qtrs
Basic (in Dollars per share)	`EarningsPerShareBasic`	$-1.41	USD	3 Qtrs
Basic (in Dollars per share)	`EarningsPerShareBasic`	$-0.35	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$-0.39	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$-0.35	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$-2.19	USD	3 Qtrs
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$-0.39	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$-1.41	USD	3 Qtrs
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	2.37M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	2.37M	shares	3 Qtrs
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	2.38M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	2.37M	shares	3 Qtrs
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.38M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.37M	shares	3 Qtrs
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.37M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.37M	shares	3 Qtrs

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-838.40K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-926.05K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.90M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.19M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-1.45M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.10M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.34M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-1.32M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$648.02K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$768.83K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$263.24K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$217.20K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$309.40K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$117.25K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	-	USD	3 Qtrs
Inventory obsolescence provision	`InventoryWriteDown`	$134.24K	USD	3 Qtrs
Inventory obsolescence provision	`InventoryWriteDown`	$168.00K	USD	3 Qtrs
Deferred income taxes, net	`DeferredIncomeTaxesAndTaxCredits`	-	USD	3 Qtrs
Deferred income taxes, net	`DeferredIncomeTaxesAndTaxCredits`	$806.38K	USD	3 Qtrs
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$377.16K	USD	3 Qtrs
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$377.16K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$941.50K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$256.53K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$467.37K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$178.32K	USD	3 Qtrs
Corporate income taxes receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-39.51K	USD	3 Qtrs
Corporate income taxes receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-230.71K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$39.62K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$13.34K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$10.89K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-236.21K	USD	3 Qtrs
Customer advance payments	`IncreaseDecreaseInCustomerAdvances`	$14.48K	USD	3 Qtrs
Customer advance payments	`IncreaseDecreaseInCustomerAdvances`	$-55.70K	USD	3 Qtrs
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-360.55K	USD	3 Qtrs
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-350.05K	USD	3 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-343.26K	USD	3 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$55.56K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.50M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.33M	USD	3 Qtrs
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$129.19K	USD	3 Qtrs
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$488.64K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-129.19K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-488.64K	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	-	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$56.55K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$56.55K	USD	3 Qtrs
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-3.40M	USD	3 Qtrs
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-4.99M	USD	3 Qtrs
Cash and cash equivalents - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.34M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.69M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.94M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.68M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.34M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.69M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.94M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.68M	USD	Point-in-time
Interest	`InterestPaidNet`	$173.00	USD	3 Qtrs
Interest	`InterestPaidNet`	$71.00	USD	3 Qtrs
Income Taxes	`IncomeTaxesPaidNet`	$3.09K	USD	3 Qtrs
Income Taxes	`IncomeTaxesPaidNet`	$7.54K	USD	3 Qtrs

Stockholders Equity 33 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$25.63M	USD	Point-in-time
Balance	`StockholdersEquity`	$23.13M	USD	Point-in-time
Balance	`StockholdersEquity`	$21.34M	USD	Point-in-time
Balance	`StockholdersEquity`	$24.32M	USD	Point-in-time
Balance	`StockholdersEquity`	$30.82M	USD	Point-in-time
Balance	`StockholdersEquity`	$22.09M	USD	Point-in-time
Balance	`StockholdersEquity`	$27.92M	USD	Point-in-time
Balance	`StockholdersEquity`	$26.47M	USD	Point-in-time
Balance (in Shares)	`CommonStockSharesOutstanding`	2.38M	shares	Point-in-time
Balance (in Shares)	`CommonStockSharesOutstanding`	2.37M	shares	Point-in-time
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$129.60K	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$117.25K	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$62.55K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-838.40K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-926.05K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.90M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.19M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-1.45M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.10M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.34M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-1.32M	USD	1 Quarter
Balance	`StockholdersEquity`	$25.63M	USD	Point-in-time
Balance	`StockholdersEquity`	$23.13M	USD	Point-in-time
Balance	`StockholdersEquity`	$21.34M	USD	Point-in-time
Balance	`StockholdersEquity`	$24.32M	USD	Point-in-time
Balance	`StockholdersEquity`	$30.82M	USD	Point-in-time
Balance	`StockholdersEquity`	$22.09M	USD	Point-in-time
Balance	`StockholdersEquity`	$27.92M	USD	Point-in-time
Balance	`StockholdersEquity`	$26.47M	USD	Point-in-time
Balance (in Shares)	`CommonStockSharesOutstanding`	2.38M	shares	Point-in-time
Balance (in Shares)	`CommonStockSharesOutstanding`	2.37M	shares	Point-in-time
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$56.55K	USD	1 Quarter
Exercise of stock options (in Shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	10,000.00	shares	3 Qtrs

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