v3.25.4

Condensed Balance Sheets - USD ($)	Dec. 31, 2025	Mar. 31, 2025
Current assets:
Cash	$ 9,042,923	$ 10,539,828
Accounts receivable, net	4,145,150	3,210,840
Inventories, net	7,225,972	7,265,347
Corporate income taxes receivable	427,314	813,413
Prepaid expenses and other current assets	354,319	201,160
Total current assets	21,195,678	22,030,588
Non-current assets:
Property, plant and equipment, net	3,045,433	3,128,177
Operating lease right-of-use assets	1,685,614	1,967,752
Security deposit	75,756	75,756
Total assets	26,002,481	27,202,273
Current liabilities:
Accounts payable	980,629	876,730
Customer advance payments	17,028	173,074
Operating lease liabilities	438,379	395,325
Equipment financing line of credit	245,920
Other current liabilities	616,838	801,245
Total current liabilities	2,298,794	2,246,374
Non-Current liabilities:
Operating lease liabilities, net of current	1,509,846	1,841,993
Total liabilities	3,808,640	4,088,367
Commitments and Contingencies (Note 11)
Stockholders’ Equity
Common Stock, $0.01 par value; 10,000,000 shares authorized; 2,431,278 and 2,388,251 shares issued and outstanding at December 31, 2025 and March 31, 2025, respectively	24,313	23,883
Additional paid-in capital	8,702,614	8,281,344
Retained earnings	13,466,914	14,808,679
Total Stockholders’ Equity	22,193,841	23,113,906
Total Liabilities and Stockholders’ Equity	$ 26,002,481	$ 27,202,273

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

IEH Corp 10-Q