SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 10-Q
þQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended January 31, 2018 or
¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterlytransition period ended July 31, 2017from __________ to ___________
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.) |
| 1521 N.W. | ||
| (Address of Principal Executive Offices |
| (305) 621-0501 | ||
| (Registrant’s telephone number, including area code | ||
| Not Applicable | ||
| (Former Name, Former Address and Former Fiscal Year, if Changed Since Last Report) |
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 forof such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirementsrequired for the past 90 days.
Yes¨ Noþ
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer¨Accelerated filer¨ Non-accelerated filer¨Smaller reporting companyþEmerging growth company¨
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.¨
Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).
Yes¨ Noþ
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
| Large accelerated filer¨ | Accelerated filer¨ | Non-accelerated filer¨ | Smaller reporting companyþ | Emerging growth company¨ |
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.¨
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).
Yes¨ Noþ
The number of shares outstanding of each of the issuer’s classes of common stock, par value $.05 per share, as of JulyJanuary 31, 20172018 is 5,000,000 shares.
MILLER INDUSTRIES, INC.
FORM 10-Q
JulyJanuary 31, 20172018
INDEX
| ITEM 1. | FINANCIAL STATEMENTS |
BALANCE SHEET
July
JANUARY 31, 20172018
(UNAUDITED)
| July 31, 2017 | ||||
| ASSETS | ||||
| Investment Property: | ||||
| Land | $ | 161,443 | ||
| Building and Improvements | 1,049,908 | |||
| Machinery and Equipment | 11,106 | |||
| Furniture and Fixtures | 10,251 | |||
| Total Cost | $ | 1,232,708 | ||
| Less: Accumulated Depreciation | 968,790 | |||
| Net Book Value | $ | 263,918 | ||
| Other Assets: | ||||
| Cash and Cash Equivalents | $ | 2,030,699 | ||
| Accounts Receivable | 1,027 | |||
| Prepaid Expenses and Other Assets | 13,415 | |||
| Loan Costs, Less Accumulated Amortization of $8,230 | 2,505 | |||
| Deferred Tax | 38,334 | |||
| Total Other Assets | $ | 2,085,980 | ||
| TOTAL ASSETS | $ | 2,349,898 | ||
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||||
| Liabilities: | ||||
| Mortgage and Notes Payable | $ | 1,015,195 | ||
| Accounts Payable and Accrued Expenses | 170,368 | |||
| Income Taxes Payable | 13,907 | |||
| Tenant’s Deposits and Advance Rent | 108,710 | |||
| Total Liabilities | $ | 1,308,180 | ||
| Shareholders’ Equity: | ||||
| Common Stock - $.05 par, 5,000,000 shares Authorized; 5,000,000 shares issued and Outstanding | $ | 250,000 | ||
| Paid-In Capital | 1,212,102 | |||
| Deficit | (420,384 | ) | ||
| Total Shareholders’ Equity | $ | 1,041,718 | ||
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $ | 2,349,898 | ||
| ASSETS | ||||
| 2017 | ||||
| Investment Property: | ||||
| Land | $ | 161,443 | ||
| Building and Improvements | 1,049,908 | |||
| Machinery and Equipment | 11,106 | |||
| Furniture and Fixtures | 10,251 | |||
| Total Cost | $ | 1,232,708 | ||
| Less: Accumulated Depreciation | 974,733 | |||
| Net Book Value | $ | 257,975 | ||
| Other Assets: | ||||
| Cash and Cash Equivalents | $ | 1,921,574 | ||
| Accounts Receivable | ||||
| Prepaid Expenses and Other Assets | 25,548 | |||
| Loan Costs, Less Accumulated Amortization of $8,767 | 1,968 | |||
| Deferred Tax | 27,459 | |||
| Total Other Assets | $ | 1,976,549 | ||
| TOTAL ASSETS | $ | 2,234,524 | ||
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||||
| Liabilities: | ||||
| Mortgage and Notes Payable | $ | 992,905 | ||
| Accounts Payable and Accrued Expenses | 107,449 | |||
| Tenant Deposits and Advance Rent | 37,781 | |||
| Income Tax Payable | 674 | |||
| Total Liabilities | $ | 1,138,809 | ||
| Shareholders’ Equity: | ||||
| Common Stock - $.05 par, 5,000,000 shares Authorized; 5,000,000 shares issued and Outstanding | $ | 250,000 | ||
| Paid-In Capital | 1,212,102 | |||
| Deficit | (366,387 | ) | ||
| Total Shareholders’ Equity | $ | 1,095,715 | ||
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $ | 2,234,524 | ||
See Accompanying Notesaccompanying notes to Financial Statements.financial statements.
BALANCE SHEET
April 30, 2017
| April 30, 2017 | ||||
| ASSETS | ||||
| Investment Property: | ||||
| Land | $ | 161,443 | ||
| Building and Improvements | 1,049,908 | |||
| Machinery and Equipment | 11,106 | |||
| Furniture and Fixtures | 10,251 | |||
| Total Cost | $ | 1,232,708 | ||
| Less: Accumulated Depreciation | 965,819 | |||
| Net Book Value | $ | 266,889 | ||
| Other Assets: | ||||
| Cash and Cash Equivalents | $ | 2,007,930 | ||
| Accounts Receivable | 1,034 | |||
| Prepaid Expenses and Other Assets | 18,287 | |||
| Prepaid Income Taxes | 16,343 | |||
| Loan Costs, Less Accumulated Amortization of $7,962 | 2,773 | |||
| Deferred Tax | 39,804 | |||
| Total Other Assets | $ | 2,085,451 | ||
| TOTAL ASSETS | $ | 2,352,340 | ||
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||||
| Liabilities: | ||||
| Mortgage and Notes Payable | $ | 1,026,340 | ||
| Accounts Payable and Accrued Expenses | 160,071 | |||
| Tenant’s Deposits and Advance Rent | 182,221 | |||
| Total Liabilities | $ | 1,368,632 | ||
| Shareholders’ Equity: | ||||
| Common Stock - $.05 par, 5,000,000 shares Authorized; 5,000,000 shares issued and Outstanding | $ | 250,000 | ||
| Paid-In Capital | 1,212,102 | |||
| Deficit | (478,394 | ) | ||
| Total Shareholders’ Equity | $ | 983,708 | ||
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $ | 2,352,340 | ||
| ASSETS | ||||
| April 30, 2017 | ||||
| Investment Property: | ||||
| Land | $ | 161,443 | ||
| Building and Improvements | 1,049,908 | |||
| Machinery and Equipment | 11,106 | |||
| Furniture and Fixtures | 10,251 | |||
| Total Cost | $ | 1,232,708 | ||
| Less: Accumulated Depreciation | 965,819 | |||
| Net Book Value | $ | 266,889 | ||
| Other Assets: | ||||
| Cash and Cash Equivalents | $ | 2,007,930 | ||
| Accounts Receivable | 1,034 | |||
| Prepaid Expenses and Other Assets | 18,287 | |||
| Prepaid Income Taxes | 16,343 | |||
| Loan Costs, Less Accumulated Amortization of $7,962 | 2,773 | |||
| Deferred Tax | 39,804 | |||
| Total Other Assets | $ | 2,085,451 | ||
| TOTAL ASSETS | $ | 2,352,340 | ||
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||||
| Liabilities: | ||||
| Mortgage and Notes Payable | $ | 1,026,340 | ||
| Accounts Payable and Accrued Expenses | 160,071 | |||
| Tenant’s Deposits and Advance Rent | 182,221 | |||
| Total Liabilities | $ | 1,368,632 | ||
| Shareholders’ Equity: | ||||
| Common Stock - $.05 par, 5,000,000 shares Authorized; 5,000,000 shares issued and Outstanding | $ | 250,000 | ||
| Paid-In Capital | 1,212,102 | |||
| Deficit | (478,394 | ) | ||
| Total Shareholders’ Equity | $ | 983,708 | ||
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $ | 2,352,340 | ||
See Accompanying Notes to Financial Statements.
STATEMENT OF OPERATIONS
FOR THE THREE MONTHS ENDED JULY 31, 2017 AND 2016
(UNAUDITED)
| 7/31/17 | 7/31/16 | |||||||
| Revenues: | ||||||||
| Rental Income | $ | 157,472 | $ | 149,516 | ||||
| Utilities reimbursement | 19,970 | 22,752 | ||||||
| Other Income | 1,667 | 1,480 | ||||||
| Total Revenues | $ | 179,109 | $ | 173,748 | ||||
| Expenses: | ||||||||
| Rental Expenses (Except Interest) | $ | 72,279 | $ | 88,333 | ||||
| Administrative | 11,338 | 12,239 | ||||||
| Interest | 6,482 | 6,212 | ||||||
| Total Expenses | $ | 90,099 | $ | 106,784 | ||||
| Income (Loss) Before Tax Provision | $ | 89,010 | $ | 66,964 | ||||
| Provision (Credit) for Income Tax: | ||||||||
| Federal Income Tax | $ | 27,000 | $ | 22,000 | ||||
| State Income Tax | 4,000 | 3,300 | ||||||
| Total Provision for Income Tax | $ | 31,000 | $ | 25,300 | ||||
| Net Income (Loss) | $ | 58,010 | $ | 41,664 | ||||
| Income per Common Share (Basic) | $ | .01 | $ | .01 | ||||
| Average Shares of Common Stock Outstanding | 5,000,000 | 5,000,000 | ||||||
See Accompanying Notes to Financial Statements.
| 3 |
STATEMENT OF CASH FLOWSOPERATIONS
FOR THE THREE MONTHS ENDED JULYJANUARY 31, 20172018 AND 20162017
(UNAUDITED)
| 7/31/17 | 7/31/16 | |||||||
| Cash Flows from Operating Activities: | ||||||||
| Net Income (Loss) | $ | 58,010 | $ | 41,664 | ||||
| Adjustments to Reconcile Net Income to Net Cash | 19,970 | 22,752 | ||||||
| Provided by (used for) Operating Activities: | ||||||||
| Depreciation | 2,971 | 2,971 | ||||||
| Amortization | 2,679 | |||||||
| Changes in Operating Assets and Liabilities | (27,068 | ) | 69,475 | |||||
| Net Cash Provided by Operating Activities | $ | 33,913 | 116,789 | |||||
| Cash Flows from Investing Activities: | ||||||||
| Acquisition of Property, Equipment, and Intangible | $ | (— | ) | $ | (— | ) | ||
| Net Cash (used by) Investing Activities | $ | (— | ) | $ | (— | ) | ||
| Cash Flows from Financing Activities: | ||||||||
| Principal Payments Under Borrowings | $ | (11,145 | ) | $ | (11,145 | ) | ||
| Proceeds from Stock option purchase | — | |||||||
| Net Cash Provided by (used by) Financing Activities | $ | (11,145 | ) | $ | (11,145 | ) | ||
| Net Increase in Cash and Cash Equivalents | $ | 22,768 | $ | 105,644 | ||||
| Cash and Cash Equivalents at the Beginning of Year | 2,007,930 | 1,817,572 | ||||||
| Cash and Cash Equivalents at the End of Quarter | $ | 2,030,698 | $ | 1,923,216 | ||||
| Additional Cash Flow Information: | ||||||||
| Cash Payments During the Year | ||||||||
| Interest | $ | 7,753 | $ | 7,417 | ||||
| Income Taxes | $ | $ | - | |||||
| 1/31/18 | 1/31/17 | |||||||
| Revenues: | ||||||||
| Rental Income | $ | 108,670 | $ | 128,416 | ||||
| Utility and Tax reimbursements | 26,776 | 38,317 | ||||||
| Other Income | 1,677 | 1,602 | ||||||
| Total Revenues | $ | 137,143 | $ | 168,335 | ||||
| Expenses: | ||||||||
| Rental Expenses (Except Interest) | $ | 83,501 | $ | 89,181 | ||||
| Administrative | 20,393 | 16,796 | ||||||
| Interest | 9,205 | 8,055 | ||||||
| Total Expenses | $ | 113,099 | $ | 114,032 | ||||
| Income Before Tax Provision | $ | 24,044 | $ | 54,303 | ||||
| Provision for Income Tax: | ||||||||
| Federal Income Tax | $ | 12,375 | $ | 18,000 | ||||
| State Income Tax | 1,000 | 2,200 | ||||||
| Total Provision for Income Tax | $ | 13,375 | $ | 20,200 | ||||
| Net Income | $ | 10,669 | $ | 34,103 | ||||
| Income per Common Share (Basic) | $ | .00 | $ | .01 | ||||
| Average Shares of Common Stock Outstanding | 5,000,000 | 5,000,000 | ||||||
See Accompanying Notes to Financial Statements.
| 4 |
NOTES TO FINANCIAL STATEMENTSSTATEMENT OF OPERATIONS
JULY
FOR THE NINE MONTHS ENDED JANUARY 31, 2018 AND 2017
(UNAUDITED)
| 1/31/18 | 1/31/17 | |||||||
| Revenues: | ||||||||
| Rental Income | $ | 425,402 | $ | 431,923 | ||||
| Utility and Tax reimbursements | 69,926 | 87,946 | ||||||
| Other Income | 5,173 | 4,854 | ||||||
| Total Revenues | $ | 500,501 | $ | 524,723 | ||||
| Expenses: | ||||||||
| Rental Expenses (Except Interest) | $ | 238,431 | $ | 262,827 | ||||
| Administrative | 54,977 | 40,337 | ||||||
| Interest | 23,711 | 21,958 | ||||||
| Total Expenses | $ | 317,119 | $ | 325,122 | ||||
| Income Before Tax Provision | $ | 183,382 | $ | 199,601 | ||||
| Provision (Benefit) for Income Tax: | ||||||||
| Federal Income Tax | $ | 62,375 | $ | 68,000 | ||||
| State Income Tax | 9,000 | 9,200 | ||||||
| Total Provision for Income Tax | $ | 71,375 | $ | 77,200 | ||||
| Net Income | $ | 112,007 | $ | 122,401 | ||||
| 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.
| 5 |
STATEMENT OF CASH FLOWS
FOR THE NINE MONTHS ENDED JANUARY 31, 2018 AND 2017
(UNAUDITED)
| 1/31/18 | 1/31/17 | |||||||
| Cash Flows from Operating Activities: | ||||||||
| Net Income | $ | 112,007 | $ | 122,401 | ||||
| Adjustments to Reconcile Net Income to Net Cash Provided by (used for) Operating Activities: | ||||||||
| Provision for Bad Debts | ||||||||
| Depreciation | 8,914 | 8,914 | ||||||
| Amortization | 7,142 | |||||||
| Changes in Operating Assets and Liabilities | (173,842 | ) | (60,388 | ) | ||||
| Net Cash Provided by Operating Activities | $ | (52,921 | ) | 78,069 | ||||
| Cash Flows from Investing Activities: | ||||||||
| Acquisition of Property, Equipment, and Intangible | $ | $ | ||||||
| Net Cash (used by) Investing Activities | $ | $ | ||||||
| Cash Flows from Financing Activities: | ||||||||
| Principal Payments Under Borrowings | $ | (33,435 | ) | $ | (33,435 | ) | ||
| Net Cash Provided by (used by) Financing Activities | $ | (33,435 | ) | $ | (33,435 | ) | ||
| Net Increase in Cash and Cash Equivalents | $ | (86,356 | ) | $ | 44,634 | |||
| Cash and Cash Equivalents at the Beginning of Year | 2,007,930 | 1,817,572 | ||||||
| Cash and Cash Equivalents at the End of Quarter | $ | 1,921,574 | $ | 1,862,206 | ||||
| Additional Cash Flow Information: | ||||||||
| Cash Payments During the Year | ||||||||
| Interest | $ | 25,250 | $ | 23,431 | ||||
| Income Taxes | $ | 42,733 | $ | 65,577 | ||||
See Accompanying Notes to Financial Statements.
| 6 |
NOTES TO FINANCIAL STATEMENTS
JANUARY 31, 2018
(UNAUDITED)
NOTE A – Basis of PresentationBASIS OF PRESENTATION
The accompanying unaudited financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the threenine month period ending JulyJanuary 31, 20172018 are not necessarily indicative of results that may be expected for the year ended April 30, 2018.
For further information refer to the financial statements and footnotes thereto of the Company as of April 30, 2017 and for the year ended April 30, 2017.
NoteNOTE B - Earnings Per Share -
Basic earnings per share (“EPS”) is computed by dividing net income available to common stockholders by the weighted-average number of common shares outstanding during the period, excluding the effects of any potentially dilutive securities. Diluted EPS gives effect to all dilutive potential of shares of common stock outstanding during the period including stock options or warrants, using the treasury stock method (by using the average stock price for the period to determine the number of shares assumed to be purchased from the exercise of stock options or warrants). Diluted EPS excludes all dilutive potential of shares of common stock if their effect is anti-dilutive.
NOTE C - Use Ofof Estimates -
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. The most significant estimates included in the preparation of the financial statements are related to income taxes, asset lives, accruals and valuation allowances.
| 7 |
NOTE D – Commitments, Contingent Liabilities, Other Matters, and Subsequent Events
None.On December 22, 2017, the Tax Cuts and Jobs Act (TCTA) was enacted. The Act includes a number of changes to the existing tax code, most notably a reduction of the US corporate income tax rate from a graduated set of rates with a maximum of 35 percent to a flat rate of 21%. Additionally the bill introduces many changes that impact corporations some of which is the net operating loss deduction subject to annual limitations, interest expense deduction subject to annual limitations, elimination of the alternative minimum tax and immediate expenses of the full cost of qualified property.
Changes in tax rates and tax laws are accounted for the in the period of enactment. Therefore the net deferred tax assets were reduced by $10,125 with a corresponding adjustment to current period tax expense for the remeasurement of the Company’s U.S. deferred tax assets. Our federal income tax expense for the periods beginning in 2018 will be based on the new rate.
Starting on Feb. 1, 2018 a three-year lease has been agreed upon with a third party lessee for 2,935 square feet of space. Lease terms are a total rent of $129,914 for the three years with the lease having an option to extend the lease an additional three years.
| ITEM 2. | MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS |
ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
Results of Operations (First(Third Quarter of 2018 Fiscal Year compared to FirstThird Quarter of 2017 Fiscal Year)
Rental Income. The Company’s results of operations are primarily dependent upon the rental income which it receives from leasing space in its building. Rental income is a function of the percentage of the building which is occupied and the level of rental rates. Rental income duringthrough the firstthird quarter of 2017 was $150,000,$432,000, compared to $157,000$425,000 in the firstthird quarter of 2018.
Other Income. The Company generated other income of $1,500 in$4,854 through the firstthird quarter of fiscal year 2017 and $1,700$5,173 in the third quarter of 2018. IncomeOther income in these quarters consisted of interest income and miscellaneous income.
Rental Expense (Excluding Interest). The Company incurs rental expense in connection with the leasing of its building. These expenses consist of management fees, insurance, real estate taxes, depreciation and amortization, maintenance and repairs, utility costs and outside services. Rental expenses were $88,000 in$263,000 through the firstthird quarter of 2017 and $72,000 in$238,000 through the firstthird quarter of 2018.
Administrative Expenses.Expenses. The Company’s administrative expenses were $12,000$40,000 in the first quarterthree quarters of fiscal yearyears 2017 and $11,000 in the first quarter of fiscal year$55,000 for 2018.
Interest Expense. The Company pays interest on the mortgage loan on its building. Interest expense on the loan was $6,200$22,000 in the first quarterthree quarters of fiscal yearyears 2017 and $6,500 in$23,700 for 2018.
Provision for Income Taxes.Taxes. The Company had a tax provision of 25,300$77,200 in the first three quarter of fiscal 2017 and $31,000$71,375 in the first quarter of 2018.
Net Income. As a result of the foregoing factors, theThe Company had net income of $42,000$122,500 in the first quarterthree quarters of fiscal 2017 and net income of $58,000$112,000 in first quarterthree quarters of 2018.
Liquidity and Capital Resources
The Company’s cash increased by $106,000$45,000 during the first threenine months of fiscal year 2018 and $23,0002017 compared to an decrease of $86,000 during the first threenine months of fiscal year 2017. The increase in the2018. As of January 31, 2018, fiscal year was due to an increase in tenant deposits and advance rent. The Company’s cash position was approximately $2,030,000.$1,921,000.
Current Operations
The Company operates as a real estate investment and management company. The Company is currently seeking to obtain additional commercial tenants for its existing building.
The Company’s principal operating expenses consist of management and professional fees associated with the administration of the Company, interest expense on the Company’s mortgage loan, real estate taxes and insurance.
| ITEM 3. | QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK |
ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
We are a smaller reporting issuer as defined in Item 10 of Regulation S-K and are not required to report the quantitative and qualitative measures of market risk specified in Item 305 of Regulation S-K.
| ITEM 4. | CONTROLS AND PROCEDURES |
ITEM 4. CONTROLS AND PROCEDURES
In connection with the filing of this Form 10-Q, the Company’s Chief Executive Officer and Chief Financial Officer evaluated the effectiveness of the Company’s disclosure controls and procedures as of JulyJanuary 31, 2017.2018. The Company’s Chief Executive Officer and Chief Financial Officer concluded that the Company’s disclosure controls and procedures were effective as of JulyJanuary 31, 2017.2018.
There were no changes in the Company’s internal controls over financial reporting that materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting during the fiscal quarter ended JulyJanuary 31, 2017.2018.
| ITEM 6. | EXHIBITS |
| (a) | Exhibits |
| (b) | Reports on Form 8-K. |
Not applicable.
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. | |||
| Dated: | By: | /s/ Marc Napolitano | |
Principal Executive Officer | |||
| and Principal Financial Officer | |||