IEH Corp
For the period ended Mar 31, 2024. Filed Jun 14, 2024.
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FY2024 · Filed Jun 14, 2024
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Extracted filing text, with the paragraph anchors used by the comparison.
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Balance Sheets
| As of March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $6,139,823 | $8,344,706 |
| Accounts receivable | 3,913,731 | 2,985,936 |
| Inventories | 8,731,618 | 9,446,392 |
| Corporate income taxes receivable | 2,199,174 | 1,723,473 |
| Prepaid expenses and other current assets | 187,984 | 96,783 |
| Total current assets | 21,172,330 | 22,597,290 |
| Non-current assets: | ||
| Property, plant and equipment, net | 3,340,615 | 3,865,066 |
| Operating lease right-of-use assets | 2,324,753 | 2,661,779 |
| Security deposit | 75,756 | 75,756 |
| Total assets | $26,913,454 | $29,199,891 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | $781,082 | $1,054,078 |
| Customer advance payments | 882,525 | 20,639 |
| Operating lease liabilities | 351,804 | 317,334 |
| Other current liabilities | 861,208 | 902,149 |
| Total current liabilities | 2,876,619 | 2,294,200 |
| Operating lease liabilities, non-current | 2,237,317 | 2,589,121 |
| Total liabilities | 5,113,936 | 4,883,321 |
| Commitments and Contingencies (Note 10) | ||
| Stockholders’ Equity | ||
| Common Stock, $0.01 par value; 10,000,000 shares authorized; 2,380,251 and 2,370,251 shares issued and outstanding at March 31, 2024 and March 31, 2023, respectively | 23,803 | 23,703 |
| Additional paid-in capital | 7,966,074 | 7,566,324 |
| Retained earnings | 13,809,641 | 16,726,543 |
| Total Stockholders’ Equity | 21,799,518 | 24,316,570 |
| Total Liabilities and Stockholders’ Equity | $26,913,454 | $29,199,891 |
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