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. 13th 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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