SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549



FORM 10-Q



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



For the quarterly period
ended January 31, 2011



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 |  | (I.R.S. Employer   
|Incorporation or Organization)  |  | 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 þ



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 þ



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

Yes  ̈
No þ



The number of shares
outstanding of each of the issuer's classes of common stock, par value $.05 per share, as of January 31, 2011 is 2,982,662 shares.











MILLER INDUSTRIES, INC.

FORM 10-Q

January 31, 2010



INDEX



|             |                                                                                       | Page No.
|------------ | ------------------------------------------------------------------------------------- | --------
|             |                                                                                       |         
|PART I:      | FINANCIAL INFORMATION                                                                 |         
|             |                                                                                       |         
|Item 1.      | Financial Statements                                                                  |         
|             |                                                                                       |         
|             | Balance Sheets dated as of January 31, 2011 and April 30, 2010                        | 1       
|             |                                                                                       |         
|             | Statement of Operations - Nine Months ended January 31, 2011 and 2010                 | 3       
|             |                                                                                       |         
|             | Statement of Operations - Three Months ended, January 31, 2011 and 2010               | 4       
|             |                                                                                       |         
|             | Statement of Cash Flows - Nine Months ended, dated as of January 31, 2011 and 2010    | 5       
|             |                                                                                       |         
|             | Notes to Financial Statements                                                         | 6       
|             |                                                                                       |         
|Item 2.      | Management's Discussion and Analysis of Financial Condition and Results of Operations | 9       
|             |                                                                                       |         
|Item 3.      | Quantitative and Qualitative Disclosure about Market Risk                             | 11      
|             |                                                                                       |         
|Item 4.      | Controls and Procedures                                                               | 11      
|             |                                                                                       |         
|PART II:     | OTHER INFORMATION                                                                     |         
|             |                                                                                       |         
|Items 1 to 6 | 12                                                                                   
|             |                                                                                       |         
|Signatures   | 12                                                                                   



i







MILLER INDUSTRIES, INC.

BALANCE SHEET

JANUARY 31, 2011

(UNAUDITED)

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                                                               |  |   |            |   |  |   | 888,598   | 
|Net Book Value                                                                               |  |   |            |   |  | $ | 344,110   | 
|                                                                                             |  |   |            |   |  |   |           | 
|Other Assets:                                                                                |  |   |            |   |  |   |           | 
|Cash and Cash Equivalents                                                                    |  | $ | 1,537,047  |   |  |   |           | 
|Accounts Receivable (less Allowance for Doubtful Accounts of $ 4,842)                        |  |   | -          |   |  |   |           | 
|Deferred Tax Asset                                                                           |  |   | 92,200     |   |  |   |           | 
|Prepaid Expenses and Other Assets                                                            |  |   | 21,908     |   |  |   |           | 
|Deferred Lease Incentive (Net of Accumulated Amortization - $ 35,216 )                       |  |   | 16,572     |   |  |   |           | 
|Loan Costs, Less Accumulated Amortization of $ 1,641                                         |  |   | 9,425      |   |  |   |           | 
|Total Other Assets                                                                           |  |   |            |   |  |   | 1,677,152 | 
|TOTAL ASSETS                                                                                 |  |   |            |   |  | $ | 2,021,262 | 
|                                                                                             |  |   |            |   |  |   |           | 
|LIABILITIES AND SHAREHOLDERS’ EQUITY                                                         |  |   |            |   |  |   |           | 
|Liabilities:                                                                                 |  |   |            |   |  |   |           | 
|Mortgages and Notes Payable                                                                  |  | $ | 1,304,964  |   |  |   |           | 
|Accounts Payable and Accrued Expenses                                                        |  |   | 368,740    |   |  |   |           | 
|Tenant Security Deposits- Rent Paid in Advance                                               |  |   | 70,423     |   |  |   |           | 
|Total Liabilities                                                                            |  |   |            |   |  | $ | 1,744,127 | 
|                                                                                             |  |   |            |   |  |   |           | 
|Shareholders’ Equity:                                                                        |  |   |            |   |  |   |           | 
|Common Stock, $.05 par, 5,000,000 shares authorized, 2,982,662 shares issued and outstanding |  | $ | 149,133    |   |  |   |           | 
|Paid-in Capital                                                                              |  |   | 1,191,929  |   |  |   |           | 
|Deficit                                                                                      |  |   | (1,063,927 | ) |  |   |           | 
|Total Shareholders’ Equity                                                                   |  |   |            |   |  |   | 277,135   | 
|TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY                                                   |  |   |            |   |  | $ | 2,021,262 | 



1







MILLER INDUSTRIES, INC.

BALANCE SHEET

APRIL 30, 2010

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                                                              |  |   | 876,541    |  
|Net Book Value                                                                              |  | $ | 356,167    |  
|                                                                                            |  |   |            |  
|Other Assets:                                                                               |  |   |            |  
|Cash                                                                                        |  | $ | 1,512,525  |  
|Accounts Receivable (Less Allowance for Doubtful Accounts of $ 6,942)                       |  |   | -          |  
|Prepaid Expenses and Other Assets                                                           |  |   | 14,854     |  
|Deferred Lease Incentive (Net of Accumulated Amortization - $31,020)                        |  |   | 20,768     |  
|Loan Costs, Less Accumulated Amortization of $ 447                                          |  |   | 10,288     |  
|Deferred Tax Assets                                                                         |  |   | 114,500    |  
|Total Other Assets                                                                          |  | $ | 1,672,935  |  
|TOTAL ASSETS                                                                                |  | $ | 2,029,102  |  
|                                                                                            |  |   |            |  
|LIABILITIES AND SHAREHOLDERS’ EQUITY                                                        |  |   |            |  
|Liabilities:                                                                                |  |   |            |  
|Mortgage and Notes Payable                                                                  |  | $ | 1,338,399  |  
|Accounts Payable and Accrued Expenses                                                       |  |   | 403,545    |  
|Tenants’ and Customers’ Deposits                                                            |  |   | 70,423     |  
|                                                                                            |  |   |            |  
|Total Liabilities                                                                           |  | $ | 1,812,367  |  
|                                                                                            |  |   |            |  
|Shareholders’ Deficiency:                                                                   |  |   |            |  
|Common Stock, $.05 par, 5,000,000 shares authorized,2,982,662 shares issued and outstanding |  | $ | 149,133    |  
|Paid-in Capital                                                                             |  |   | 1,191,929  |  
|Deficit                                                                                     |  |   | (1,124,327 | )
|Total Shareholders’ Equity                                                                  |  | $ | 216,735    |  
|TOTAL LIABILITIES AND                                                                       |  |   |            |  
|SHAREHOLDERS’ EQUITY                                                                        |  | $ | 2,029,102  |  



See accompanying notes to financial statements.



2







MILLER INDUSTRIES, INC.

STATEMENT OF OPERATIONS

FOR THE NINE MONTHS ENDED JANUARY 31,
2011 AND 2010

(UNAUDITED)



|                                                                                                    |  | Nine Months Ended |          
|--------------------------------------------------------------------------------------------------- |  | ----------------- | ---------
|                                                                                                    |  | 01/31/11          |          
|                                                                                                    |  |                   |          
|Revenues:                                                                                           |  |                   |          
|Rental Income                                                                                       |  | $                 | 286,265  
|Hardware Sales (Net)                                                                                |  |                   | 134      
|Other Income                                                                                        |  |                   | 4,708    
|Total Revenue                                                                                       |  | $                 | 291,107  
|Expenses:                                                                                           |  |                   |          
|Rental Expense (Except Interest)                                                                    |  | $                 | 131,070  
|Cost of Hardware Sales                                                                              |  |                   | -        
|Administrative                                                                                      |  |                   | 51,277   
|Interest                                                                                            |  |                   | 26,060   
|Total Expenses                                                                                      |  | $                 | 208,407  
|Income (Loss) Before Tax Provision                                                                  |  | $                 | 82,700   
|Provision for Income Tax:                                                                           |  |                   |          
|Federal Income Tax                                                                                  |  | $                 | 18,000   
|State Income Tax                                                                                    |  |                   | 4,300    
|Tax Benefits of Net Operating Loss Carryover and                                                    |  |                   |          
|Change in Valuation Allowance                                                                       |  |                   | -        
|                                                                                                    |  |                   |          
|Total Provision (Credit) for Income Tax (Net of Tax
    Benefits and Change in Valuation Allowance) |  | $                 | 22,300   
|                                                                                                    |  |                   |          
|Net Income                                                                                          |  | $                 | 60,400   
|                                                                                                    |  |                   |          
|Income per Common Share                                                                             |  | $                 | .02      
|                                                                                                    |  |                   |          
|Average Shares of Common Stock Outstanding                                                          |  |                   | 2,982,662



See accompanying notes to financial statements.



3







MILLER INDUSTRIES, INC.

STATEMENT OF OPERATIONS

FOR THE THREE MONTHS ENDED JANUARY 31,
2011 AND 2010

(UNAUDITED)



|                                                                                       |  | Three Months Ended |          
|-------------------------------------------------------------------------------------- |  | ------------------ | ---------
|                                                                                       |  | 01/31/11           |          
|                                                                                       |  |                    |          
|Revenues:                                                                              |  |                    |          
|Rental Income                                                                          |  | $                  | 93,248   
|Hardware Sales (Net)                                                                   |  |                    | -        
|Other Income                                                                           |  |                    | 1,565    
|                                                                                       |  |                    |          
|Total Revenue                                                                          |  | $                  | 94,813   
|Expenses:                                                                              |  |                    |          
|Rental Expense (Except Interest)                                                       |  | $                  | 40,818   
|Cost of Hardware Sales                                                                 |  |                    | -        
|Administrative                                                                         |  |                    | 30,050   
|Interest                                                                               |  |                    | 9,222    
|Total Expenses                                                                         |  | $                  | 80,090   
|Income (Loss) Before Tax Provision                                                     |  | $                  | 14,723   
|                                                                                       |  |                    |          
|Provision (Credit) for Income Tax:                                                     |  |                    |          
|Federal Income Tax                                                                     |  | $                  | 500      
|State Income Tax                                                                       |  |                    | 600      
|Tax Benefits of Net Operating Loss Carryover and Change in Valuation Allowance         |  |                    | -        
|                                                                                       |  |                    |          
|Total Provision for Income Tax (Net of Tax Benefits and Change in Valuation Allowance) |  | $                  | 1,100    
|                                                                                       |  |                    |          
|Net Income                                                                             |  | $                  | 13,623   
|                                                                                       |  |                    |          
|Income per Common Share                                                                |  | $                  | .00      
|                                                                                       |  |                    |          
|Average Shares of Common Stock Outstanding                                             |  |                    | 2,982,662



See accompanying notes to financial statements.



4







MILLER INDUSTRIES, INC.

STATEMENT OF CASH FLOWS

FOR THE NINE MONTHS ENDED JANUARY 31,
2011 AND 2010

(UNAUDITED)



|                                                                                  |  | Nine Months Ended |          
|--------------------------------------------------------------------------------- |  | ----------------- | ---------
|                                                                                  |  | 01/31/11          |          
|                                                                                  |  |                   |          
|Cash Flows From Operating Activities:                                             |  |                   |          
|                                                                                  |  |                   |          
|Net Income                                                                        |  | $                 | 60,400   
|Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: |  |                   |          
|Provision for Bad Debts                                                           |  |                   | (2,100   
|Deferred Rent Receivable Adjustment                                               |  |                   | -        
|Depreciation                                                                      |  |                   | 12,056   
|Amortization                                                                      |  |                   | 5,058    
|Deferred Tax Asset Valuation Adjustment                                           |  |                   | 22,300   
|Changes in Operating Assets and Liabilities                                       |  |                   | (39,757  
|Net Cash Provided by Operating Activities                                         |  | $                 | 57,957   
|                                                                                  |  |                   |          
|Cash Flows From Investing Activities:                                             |  |                   |          
|Acquisition of Property and Equipment                                             |  | $                 | -        
|Net Cash (Used in) Investing Activities                                           |  | $                 | -        
|                                                                                  |  |                   |          
|Cash Flows From Financing Activities:                                             |  |                   |          
|Principal Payments Under Borrowings                                               |  | $                 | (33,435  
|Addition to Debt                                                                  |  |                   | -        
|Net Cash Provided by (Used in) Financing Activities                               |  | $                 | (33,435  
|                                                                                  |  |                   |          
|Net Increase (Decrease) in Cash                                                   |  | $                 | 24,522   
|                                                                                  |  |                   |          
|Cash at the Beginning of Period                                                   |  |                   | 1,512,525
|Cash at the End of Period                                                         |  | $                 | 1,537,047
|                                                                                  |  |                   |          
|Additional Cash Flow Information:                                                 |  |                   |          
|Cash Paid for Interest                                                            |  | $                 | 26,060   
|Cash Paid for Income Tax                                                          |  | $                 | -        



See accompanying notes to financial statements.



5







MILLER INDUSTRIES, INC.

NOTES TO FINANCIAL STATEMENTS

JANUARY 31, 2011

(UNAUDITED)



NOTE A - BASIS 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 nine month and the three month
periods ending January 31, 2011 are not necessarily indicative of results that may be expected for the year ended April 30, 2011.



For further information, refer to the financial
statements and footnotes thereto of the Company as of April 30, 2010 and for the year ended April 30, 2010.



NOTE B – EARNINGS PER SHARE:



In accordance with Financial Accounting
Standards No. 128, basic earnings per share is computed based on the weighted-average number of common shares outstanding during
each year and excludes any potential dilusion. Diluted earning per share is based on the weighted-average number of common shares
outstanding as well as potentially dilutive common shares, which in the Company’s case include shares issuable under the
stock option agreement. The Company’s outstanding options are not included in the computation of basic or diluted earnings
per share since they are anti-dilutive. At January 31, 2011 potentially dilutive securities consist of an option that could be
converted into 2,017,338 common shares.



NOTE C – Use of 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.



NOTE D – SUBSCRIPTION AGREEMENT:



On June 30, 2005, the Company issued stock
options to Angelo Napolitano in exchange for the benefits he has provided to the Company through his personal guarantee of the
Company’s bank loan, and the services rendered by Mr. Napolitano in his capacity as the Company’s sole officer and
director. The options vest 100% at the grant date and expire in 10 years from the grant date. The Company granted options to Mr.
Napolitano to purchase up to 2,017,338 shares of the Company’s common stock during the term of the options at a price equal
to $0.18 per share (Exercise Price).



6







MILLER INDUSTRIES, INC.

NOTES TO FINANCIAL STATEMENTS

JANUARY 31, 2011

(UNAUDITED)



The average fair values of the options granted
during fiscal 2006 were estimated at $0.0324, using the Black-Scholes options-pricing model, which included the following assumptions:



|Stock Price             |  | $ | 0.05       |  
|----------------------- |  | - | ---------- | -
|Strike Price            |  |   | 0.18       |  
|Expected Life           |  |   | 9.17 Years |  
|Risk-Free Interest Rate |  |   | 3.80       | %
|Volatility              |  |   | 79.23      | %



Approximately $65,400 was recorded as compensation
expense for fiscal 2006 related to this grant.



On February 22,2010 the company modified
the option previously granted to Angelo Napolitano that entitle him to acquire 2,017,338 shares of the Company’s common stock.
Under the terms of the modification, the exercise price for the options was reduced from $ .18 per share to $.06 per share. The
Company reduced the exercise price of the option in consideration of Mr. Napolitano’s guarantee of the Company’s bank
loan and his services as the Company’s president. The average fair values of the options modified during fiscal 2010 were
estimated at $ .0130 using the Black-Scholes options-pricing model, which included the following assumptions



|                        |  | 2010 |           
|----------------------- |  | ---- | ----------
|Stock Price             |  | $    | 04        
|Strike Price            |  | $    | .06       
|Expected Life           |  |      | 5.17 Years
|Risk-Free Interest Rate |  |      | 3.78      
|Volatility              |  |      | 44.6      



The approximate compensation value
of the modified option at February 22, 2010 Is $ 26,000 which is less than the $ 65,000 compensation cost of the original
option. Under FASB Statement 123R, the accounting for a modification, total compensation cost for the award should generally
not be less than the awards original fair value. Therefore, if the fair value of the modified award is less than the fair
value of the original award on the modification date, the grant date value is not reduced.



7







A summary of the status of the company’s
stock option agreement as of April 30, 2010 and 2009, and changes during the years then ended were as follows:



|                         |  | 2010      |           |   | 2009      |  
|------------------------ |  | --------- | --------- | - | --------- | -
|                         |  | Shares    |           |   | Exercise  |  
|                         |  | Subject   |           |   | Price Per |  
|                         |  | To Option |           |   | Share     |  
|Outstanding, May 1       |  |           | 2,017,338 |   |           | $
|Granted                  |  |           | -         |   |           |  
|Modification             |  |           | (.12      | ) |           |  
|Exercised                |  |           | -         |   |           |  
|Cancelled                |  |           | -         |   |           |  
|Outstanding/Exercisable, |  |           |           |   |           |  
|April 30                 |  |           | 2,017,338 |   |           | $



The following summarized information concerning currently outstanding
and exercisable options at January 31, 2011.



The following summarized information concerning
currently outstanding and exercisable options at January 31, 2009.



| | Options Outstanding/Exercisable |               
| | ------------------------------- | --------------
| |                                 |               
| |                                 | Exercise Price
| |                                 |               
| | $                               | 0.06          



8







| | ITEM 2. | MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
AND RESULTS OF OPERATIONS
| | ------- | -------------------------------------------------------------------------------------



Results of Operations (First Three Quarters
of 2011 Fiscal Year compared to First Three Quarters of 2010 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 during the first three quarters of the 2011 fiscal year was $291,000, compared with $316,000 in the first three quarters
of 2010. The decrease in rental income was due to the loss of a tenant.



Hardware Sales.
The Company receives revenue from the sale of replacement parts for the sliding glass doors and windows formerly manufactured by
the Company. The Company utilizes its existing inventory of these parts to support these sales. These sales were immaterial in
2011 and 2010.



Other Income.
The Company generated other income of $5,000 in the first three quarters of 2011 and $5,000 in 2010. Other income in 2010 and 2009
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, insurance, maintenance and repairs, utility costs and outside
services. Rental expenses were $131,000 in the first three quarters of 2011 compared to $126,000 in the first three quarters of
2010. The decrease was due to depreciation and bad debt expense.



Cost of Hardware
Sales. The Company records the cost of its hardware sales in connection with the sale of replacement parts to customers of
its former window and sliding glass door business. These costs are tied to the level of hardware sales. These costs were not material
in the first three quarters of 2011 or 2010.



Administrative Expenses.
The Company's administrative expenses were $42,000 in 2010, compared to $51,000 in 2011. They primarily consist of accounting and
legal fees and shareholders expenses.



Interest Expense.
The Company pays interest on the mortgage loan on its building. Interest expense on the loan was $26,000 in 2011 compared to $34,000
in 2010. The decrease in the amount of interest was attributable to a decrease in the interest rate of the Company’s loan.



Provision for Income
Taxes. The Company had a tax provision of $22,000 in 2011. In 2010, the Company had a tax credit of $2,000. The tax credit
arose due to the utilization of the Company’s net operating loss carryforward and change in valuation allowance.



Net Income.
As a result of the foregoing factors, the Company had net income of $60,000 in the first three quarters of 2011, compared to $121,000
in the first three quarters of 2010.



9







Results of Operations (Third Quarter of 2011 Fiscal Year
v. Third Quarter of 2010 Fiscal Year)



Rental Income.
Rental income during the third quarter of the 2011 fiscal year was $93,000, compared with $130,000 in the third quarter of 2010.



Hardware Sales.
Hardware sales were less than not material in the third quarter of 2011 and 2010.



Other Income.
The Company generated other income of $2,000 in the third quarter of 2009 and $2,000 in 2010. Other income in 2009 and 2010 consisted
of interest income and miscellaneous income.



Rental Expense (Excluding
Interest). Rental expense was $41,000 in the third quarter of 2011 and $49,000 in the third quarter of 2010. The principal
components were management fees, taxes, depreciation and amortization and insurance. There were no material changes to these items
during the quarter.



Administrative Expenses.
The Company's administrative expenses were $30,000 in 2011 and $18,000 in 2010. They primarily consist of accounting and legal
fees and shareholders expenses.



Interest Expense.
The Company pays interest on the mortgage loan on its building. Interest expense on the loan was $9,000 in 2011 compared to $9,000
in 2010.



Provision for Income
Taxes The Company recorded a provision for income tax of $1,000 in 2011 and $6,000 in 2010. The decrease was due to the utilization
of the Company’s net operating loss carryforward and change in valuation allowance.



Net Income.
As a result of the foregoing factors, the Company had net income of $14,000 in the third quarter of 2011, compared to $49,000 in
the third quarter of 2010.



Liquidity and Capital Resources



The Company's cash
increased by $25,000 during the first nine months of the 2011 fiscal year compared with a decrease of $4,000 during the first nine
months of fiscal year 2010. The decrease in cash in 2010 was due to a lower level of cash flow from operations and a higher level
of principal payments on the Company’s bank loan. As of January 31, 2011, the Company's cash position was approximately $1,537,000.



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 new mortgage loan, real estate taxes and insurance.



10







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



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 January 31, 2011. The Company's Chief Executive Officer and Chief Executive
Financial Officer concluded that the Company's disclosure controls and procedures were effective as of January 31, 2011.



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 January 31, 2011.





PART II. - OTHER INFORMATION





ITEM 1. LEGAL PROCEEDINGS



State of California Claim



In December 2010, the
State of California State Controller filed a complaint against the Company in the Superior Court of California. In the Complaint,
the State asserts that the Company had failed to report the alleged abandonment of certain shares of the Company’s common
stock in a timely manner and, as a result, the Company was obligated to pay the State the amount of $102,230. The State and the
Company have entered into a Tolling Agreement in order to allow the Company to investigate this matter. The investigation is on-going.
The Company is currently unable to assess where the claim has any validity.







11









| | ITEM 6. | EXHIBITS AND REPORTS ON FORM 8-K
| | ------- | --------------------------------



| | (a) | Exhibits
| | --- | --------



|Exhibit No. |  | Description                                                                                                                                                                   
|----------- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|            |  |                                                                                                                                                                               
|(31.1)      |  | Certification of Chief Executive Officer pursuant to Rule 13a-14(a).                                                                                                          
|            |  |                                                                                                                                                                               
|(31.2)      |  | Certification of Chief Financial Officer pursuant to Rule 13a-14(a).                                                                                                          
|            |  |                                                                                                                                                                               
|(32.1)      |  | Certification of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.



| | (b) | Reports on Form 8-K.
| | --- | --------------------



Not applicable.



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:  April 8, 2012 | By:                    
|                      |                        
|                      |                        
|                      |                        
|                      |                        



12