Taitron Components Incorporated (TAIT) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
28040 WEST HARRISON PARKWAY VALENCIA, CA 91355 |
| State of Incorp. | CA |
| Fiscal Year End | December 31 |
| Industry (SIC) | 5065 - Electronic Parts and Equipment, Not Elsewhere Classified (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 9,835 | 8,767 | 8,309 | 8,054 | 7,251 | 6,195 | |||
| Cash and cash equivalents | 6,205 | 5,195 | 4,737 | 4,857 | 5,217 | 4,140 | |||
| Short-term investments | 3,630 | 3,572 | 3,572 | 3,197 | 2,034 | 2,055 | |||
| Receivables | 92 | 1,125 | 958 | 1,204 | 683 | 1,174 | |||
| Inventory, net of allowances, customer advances and progress billings | 2,597 | 2,787 | 3,304 | 3,170 | 3,900 | 4,773 | |||
| Inventory | 2,597 | 2,787 | 3,304 | 3,170 | 3,900 | 4,773 | |||
| Other undisclosed current assets | 283 | 187 | 349 | 226 | 148 | 2,164 | |||
| Total current assets: | 12,807 | 12,866 | 12,920 | 12,654 | 11,982 | 14,306 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 2,970 | 3,017 | 2,844 | 2,880 | 2,922 | 2,972 | |||
| Long-term investments and receivables | 186 | 186 | 186 | 186 | 186 | 186 | |||
| Long-term investments | 186 | 186 | 186 | 186 | 186 | 186 | |||
| Deferred income tax assets | 2,043 | 2,052 | 2,052 | 2,052 | 2,047 | ||||
| Total noncurrent assets: | 5,199 | 5,255 | 5,082 | 5,118 | 5,155 | 3,158 | |||
| TOTAL ASSETS: | 18,006 | 18,121 | 18,002 | 17,772 | 17,137 | 17,464 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 1,163 | 1,119 | 1,169 | 1,173 | 1,001 | 416 | |||
| Accounts payable | 194 | 232 | 496 | 152 | 211 | 687 | |||
| Accrued liabilities | 969 | 887 | 673 | 1,021 | 790 | ||||
| Other undisclosed accounts payable and accrued liabilities | (271) | ||||||||
| Other undisclosed current liabilities | 687 | ||||||||
| Total current liabilities: | 1,163 | 1,119 | 1,169 | 1,173 | 1,001 | 1,103 | |||
| Noncurrent Liabilities | |||||||||
| Total liabilities: | 1,163 | 1,119 | 1,169 | 1,173 | 1,001 | 1,103 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 16,843 | 17,002 | 16,833 | 16,599 | 16,136 | 16,361 | |||
| Additional paid in capital | 11,474 | 11,467 | 11,413 | 11,409 | 11,407 | 11,402 | |||
| Accumulated other comprehensive loss | (61) | (55) | (60) | (59) | (58) | (58) | |||
| Retained earnings | 5,424 | 5,584 | 5,474 | 5,243 | 4,781 | 5,011 | |||
| Other undisclosed equity, attributable to parent | 6 | 6 | 6 | 6 | 6 | 6 | |||
| Total equity: | 16,843 | 17,002 | 16,833 | 16,599 | 16,136 | 16,361 | |||
| TOTAL LIABILITIES AND EQUITY: | 18,006 | 18,121 | 18,002 | 17,772 | 17,137 | 17,464 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 969 | 1,563 | 1,490 | 2,086 | 1,781 | 2,300 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (438) | (645) | (644) | (933) | (908) | (1,073) | ||
| Gross profit: | 531 | 918 | 846 | 1,153 | 873 | 1,227 | ||
| Operating expenses | (545) | (530) | (583) | (590) | (534) | (536) | ||
| Operating income (loss): | (14) | 388 | 263 | 563 | 339 | 691 | ||
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | 342 | 13 | 260 | 221 | 40 | (96) | ||
| Income from continuing operations before equity method investments, income taxes: | 328 | 401 | 523 | 784 | 379 | 595 | ||
| Other undisclosed income from continuing operations before income taxes | 82 | 72 | 48 | 19 | 18 | 14 | ||
| Income from continuing operations before income taxes: | 410 | 473 | 571 | 803 | 397 | 609 | ||
| Income tax expense | (269) | (62) | (40) | (41) | (328) | (125) | ||
| Income from continuing operations: | 141 | 411 | 531 | 762 | 69 | 484 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 484 | |
| Net income available to common stockholders, diluted: | 141 | 411 | 531 | 762 | 69 | 484 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 141 | 411 | 531 | 762 | 69 | 484 | ||
| Other undisclosed comprehensive income (loss) | (3) | 5 | (1) | (1) | 15 | |||
| Comprehensive income: | 138 | 416 | 530 | 761 | 84 | 484 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (3) | (15) | 20 | |||||
| Comprehensive income, net of tax, attributable to parent: | 135 | 416 | 530 | 761 | 69 | 504 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.