Amended Quarterly Report (10-q/a)
May 09 2016 - 4:32PM
Edgar (US Regulatory)
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.
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(Exact Name of Registrant as Specified in its Charter)
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Florida
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59-0996356
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(State or Other Jurisdiction of
Incorporation or Organization)
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(I.R.S. Employer
Identification No.)
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16295 N.W. 13
th
Avenue, Miami, Florida 33169
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(Address of Principal Executive Offices
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(305) 621-0501
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(Registrant’s telephone number, including area code
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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 $177, 438.
MILLER INDUSTRIES, INC.
STATEMENT OF OPERATIONS
FOR THE NINE MONTHS ENDED JANUARY 31,
2016 AND 2015
(UNAUDITED)
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1/31/16
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1/31/15
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Revenues:
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Rental
Income
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$
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442,722
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$
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413,893
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Other
Income
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4,454
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3,533
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|
|
|
|
|
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Total
Revenues
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$
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447,176
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$
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417,426
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Expenses:
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Rental
Expenses (Except Interest)
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$
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175,122
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$
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177,348
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Administrative
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34,767
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37,635
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Interest
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21,722
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22,832
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Total
Expenses
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$
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231,611
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$
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237,815
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Income
Before Tax Provision
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$
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215,565
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$
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179,611
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Provision (Benefit)
for Income Tax:
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Federal
Income Tax
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$
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68,000
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$
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55,000
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State
Income Tax
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10,000
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7,500
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Total
Provision for Income Tax
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$
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78,000
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$
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62,500
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Net
Income
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$
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137,565
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$
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117,111
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Income
per Common Share (Basic)
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$
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.02
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$
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.02
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Average
Shares of Common Stock Outstanding
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5,000,000
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5,000,000
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See Accompanying Notes to Financial
Statements.
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.
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MILLER INDUSTRIES, INC.
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(Registrant)
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Dated: May 9, 2016
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By:
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/s/ Angelo Napolitano
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Angelo Napolitano
Chairman of the Board of Directors
Chief Executive Officer
Principal Financial Officer
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