IEHC — what changed in the latest 10-K
A section-by-section comparison of IEHC's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-K · 2026-06-12 vs the prior 10-K · 2025-06-12
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| Business | Text added/removed | +2 | −2 | ~8 | 24 |
| Risk factors | Text added/removed | +3 | −21 | ~15 | 72 |
| Legal proceedings | Text added/removed | 0 | −1 | ~1 | 1 |
| MD&A | Text added/removed | +7 | −8 | ~15 | 14 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Market risk (Item 7A)
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
Business
Text added vs the prior filing · source: 10-K · 2026-06-12
The Company is primarily a manufacturer and its products are essentially basic components of larger assemblies of finished goods. During the year ended March 31, 2026, two customers accounted for 34.0% of the Company’s net revenues, each represented 23.5% and 10.5%, respectively. During the year end…
International sales accounted for approximately 5.8% and 5.7% of net sales for the fiscal years ended March 31, 2026 and 2025, respectively.
Text removed vs the prior filing · source: 10-K · 2025-06-12
The Company is primarily a manufacturer and its products are essentially basic components of larger assemblies of finished goods. During the year ended March 31, 2025, two customers accounted for 31.9% of the Company’s net revenues, each represented 17.8% and 14.1%, respectively. During the year end…
International sales accounted for approximately 5.7% and 8.5% of net sales for the fiscal years ended March 31, 2025 and 2024, respectively. Approximately 8.0% and 19.4% of the aforementioned international net sales for fiscal years ended March 31, 2025 and 2024, respectively, represent sales to cus…
Risk factors
Text added vs the prior filing · source: 10-K · 2026-06-12
On February 20, 2026, the Company’s shares of common stock (the “common stock”) were elevated to, and commenced trading exclusively on, the OTCQX Marketplace (the “OTCQX”). The OTCQX is the highest tier of the OTC Marketplace. Immediately prior to February 20, 2026, the Company’s common stock had be…
On March 17, 2017, the Company’s common stock was approved for trading on the OTCQB Marketplace, the middle tier of the OTC Marketplace. Thereafter, on March 22, 2019, the Company’s common stock was approved for trading on the OTCQX and commenced trading thereon.
The price of our common stock has been, and is likely to continue to be, volatile. For example, our stock price during the fiscal year ended March 31, 2026 traded as low as $6.50 and as high as $19.75 per share and during the fiscal year ended March 31, 2025, our stock price traded as low as $5.20 p…
Text removed vs the prior filing · source: 10-K · 2025-06-12
We identified certain misstatements to our previously issued financial statements and have restated the financial statements described below, which has exposed us to a number of additional risks and uncertainties.
On June 22, 2023, we filed our Annual Report on Form 10-K for the fiscal years ended March 31, 2022, 2021, and 2020. Included therein, we reported that we had restated our previously issued audited financial statements for the fiscal year ended March 31, 2020 and our interim financial statements for…
As a result of the misstatements and the restatement, we have become subject to a number of additional risks and uncertainties and unanticipated costs for accounting, legal and other fees and expenses, including risks of lawsuits. Any actions, lawsuits or other legal proceedings related to the misst…
The Board of Directors, members of management, and our accounting and other staff previously has spent significant time on the restatement and remediation and will continue to devote significant time on monitoring and enhancing control activities related to our internal control over financial report…
We may face litigation and regulatory action relating to the restatement of our financial statements.
Legal proceedings
Text removed vs the prior filing · source: 10-K · 2025-06-12
On March 19, 2024, William H. Craig, the former Chief Financial Officer and Treasurer of the Company, filed a lawsuit against the Company in the U.S. District Court for the Eastern District of New York related to Mr. Craig’s resignation as an executive officer of the Company. On November 5, 2024, Mr…
MD&A
Text added vs the prior filing · source: 10-K · 2026-06-12
Revenue for the fiscal year ended March 31, 2026 was $29,417,600, reflecting an increase of $633,739, or 2.2%, as compared to $28,783,861 for the fiscal year ended March 31, 2025. The increase in revenues was primarily due to an increase in orders from commercial aerospace customers as the industry …
Selling, general and administrative expenses for the fiscal year ended March 31, 2026 was $6,410,508, reflecting an increase of $256,294, or 4.2%, as compared to $6,154,214 for the fiscal year ended March 31, 2025. The increase was principally due to an increase in legal fees associated with the dis…
Depreciation and amortization for the fiscal year ended March 31, 2026 was $772,264, reflecting an increase of $27,462, or 3.7%, as compared to $744,802 for the fiscal year ended March 31, 2025. The increase was principally attributable to machinery purchased for the Allentown location in order to r…
Our primary requirements for liquidity and capital are working capital, inventory, capital expenditures, public company costs and general corporate needs. We expect these needs to continue as we further develop and grow our business. For the fiscal year ended March 31, 2026, our primary sources of l…
Net cash used in operating activities was $631,130 for the fiscal year ended March 31, 2026, as compared to net cash provided by operating activities of $4,883,619 for the fiscal year ended March 31, 2025. The increase in cash used in operating activities of $5,514,749 was primarily due to the incre…
Text removed vs the prior filing · source: 10-K · 2025-06-12
Revenue for the fiscal year ended March 31, 2025 was $28,783,861, reflecting an increase of $7,259,317, or 33.7%, as compared to $21,524,544 for the fiscal year ended March 31, 2024. The increase in revenues was primarily due to an increase in orders from our defense customers for programs that IEH …
Selling, general and administrative expenses for the fiscal year ended March 31, 2025 was $6,154,214, reflecting a decrease of $1,977, as compared to $6,156,191 for the fiscal year ended March 31, 2024.
Depreciation and amortization for the fiscal year ended March 31, 2025 was $744,802, reflecting a decrease of $126,817, or 14.6%, as compared to $871,619 for the fiscal year ended March 31, 2024. The decrease was principally attributable to reduced amortization in the current period for certain full…
The benefit for the fiscal year ended March 31, 2024 was principally attributable to adjustments to prior years’ federal, state and local income taxes.
Our primary requirements for liquidity and capital are working capital, inventory, capital expenditures, public company costs and general corporate needs. We expect these needs to continue as we further develop and grow our business. For the fiscal year ended March 31, 2025, our primary sources of l…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice