IEH Corp
For the period ended Mar 31, 2024. Filed Jun 14, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Jun 14, 2024
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Extracted filing text, with the paragraph anchors used by the comparison.
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Statements of Operations
| For the Fiscal Years Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenue | $21,524,544 | $19,136,890 |
| Costs and expenses: | ||
| Cost of products sold | 18,257,621 | 18,395,865 |
| Selling, general and administrative | 6,156,191 | 5,519,278 |
| Depreciation and amortization | 871,619 | 1,034,559 |
| Total operating expenses | 25,285,431 | 24,949,702 |
| Operating loss | (3,760,887) | (5,812,812) |
| Other income (expense): | ||
| Other income | - | 85,231 |
| Interest income (expense), net | 126,694 | 31,037 |
| Total other income (expense), net | 126,694 | 116,268 |
| Loss before benefit from (provision for) income taxes | (3,634,193) | (5,696,544) |
| Benefit from (provision for) income taxes | 717,291 | (806,380) |
| Net loss | $(2,916,902) | $(6,502,924) |
| Net loss earnings per common share: | ||
| Basic | $(1.23) | $(2.74) |
| Diluted | $(1.23) | $(2.74) |
| Weighted-average number of common and common equivalent shares (in thousands): | ||
| Basic | 2,375 | 2,370 |
| Diluted | 2,375 | 2,370 |
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