SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

FORM 10-Q/A

Amendment No. 1

 

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the quarterly period ended January 31, 2016

 

Commission File No. 1-5926

 

MILLER INDUSTRIES, INC.
(Exact Name of Registrant as Specified in its Charter)

 

Florida   59-0996356
(State or Other Jurisdiction of
Incorporation or Organization)
  (I.R.S. Employer
Identification No.)

 

16295 N.W. 13 th Avenue, Miami,  Florida  33169
(Address of Principal Executive Offices

 

(305) 621-0501
(Registrant’s telephone number, including area code

  

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes ¨ No x

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a “smaller reporting issuer.” See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

 

Large accelerated filer ¨ Accelerated filer ¨ Non-accelerated filer ¨ Smaller reporting company x

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes ¨ No x

 

The number of shares outstanding of each of the issuer’s classes of common stock, par value $.05 per share, as of January 31, 2016 is 5,000,000 shares.

 

 

 

 

EXPLANATORY NOTE

 

We are filing this Amendment No. 1 on Form 10-Q/A to amend and restate in its entirety the income statement for the nine months ended January 31, 2016 and 2015 set forth in Item 1 of our Quarterly Report on Form 10-Q for the quarter ended January 31, 2016. The amended income statement corrects the amount of the Company’s rental expense for the nine months ended January 31, 2015 which was incorrectly stated as $117,438 rather than $177, 438.

 

 

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MILLER INDUSTRIES, INC.

STATEMENT OF OPERATIONS

FOR THE NINE MONTHS ENDED JANUARY 31, 2016 AND 2015

(UNAUDITED)

 

    1/31/16     1/31/15  
Revenues:                
   Rental Income   $ 442,722     $ 413,893  
   Other Income     4,454       3,533  
                 
        Total Revenues   $ 447,176     $ 417,426  
                 
Expenses:                
   Rental Expenses (Except Interest)   $ 175,122     $ 177,348  
   Administrative     34,767       37,635  
   Interest     21,722       22,832  
                 
        Total Expenses   $ 231,611     $ 237,815  
                 
        Income Before Tax Provision   $ 215,565     $ 179,611  
                 
Provision (Benefit) for Income Tax:                
   Federal Income Tax   $ 68,000     $ 55,000  
   State Income Tax     10,000       7,500  
                 
        Total Provision for Income Tax   $ 78,000     $ 62,500  
                 
        Net Income   $ 137,565     $ 117,111  
                 
   Income per Common Share (Basic)   $ .02     $ .02  
                 
   Average Shares of Common Stock Outstanding     5,000,000       5,000,000  

  

See Accompanying Notes to Financial Statements.

 

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SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

    MILLER INDUSTRIES, INC.
    (Registrant)
     
     
Dated:  May 9, 2016   By: /s/  Angelo Napolitano
     

Angelo Napolitano

Chairman of the Board of Directors

Chief Executive Officer

Principal Financial Officer

 

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