Taitron Components Incorporated (TAIT) financial statements (2021 and earlier)

Company profile

Business Address 28040 WEST HARRISON PARKWAY
VALENCIA, CA 91355
State of Incorp. CA
Fiscal Year End December 31
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)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,3134,9694,0984,4814,4943,7903,277
Cash and cash equivalents5,3134,9694,0984,4814,4943,7903,277
Receivables1,0227501,0736169017201,359
Inventory, net of allowances, customer advances and progress billings3,5884,2074,3564,7004,5974,7384,546
Inventory3,5884,2074,3564,7004,5974,7384,546
Other undisclosed current assets85901101666776110
Total current assets:10,00810,0169,6379,96310,0599,3249,292
Noncurrent Assets
Property, plant and equipment3,3863,4353,6333,6723,7103,7503,790
Long-term investments and receivables205398398398212209258
Long-term investments205398398398212209258
Total noncurrent assets:3,5913,8334,0314,0703,9223,9594,048
TOTAL ASSETS:13,59913,84913,66814,03313,98113,28313,340
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:322298271264311333290
Accounts payable462388453966972711986
Other undisclosed accounts payable and accrued liabilities(140)(90)(182)(702)(661)(378)(696)
Other undisclosed current liabilities    972711986
Total current liabilities:3222982712641,2831,0441,276
Noncurrent Liabilities
Other undisclosed liabilities462388453966   
Total liabilities:7846867241,2301,2831,0441,276
Stockholders' equity
Stockholders' equity attributable to parent, including:12,71513,06312,85312,71012,60212,14411,967
Additional paid in capital10,95910,95210,94710,89210,81210,80610,764
Accumulated other comprehensive income3843143141128138146
Retained earnings1,7122,0621,7571,6711,6561,1941,051
Other undisclosed stockholders' equity attributable to parent6666666
Stockholders' equity attributable to noncontrolling interest1001009193969597
Total stockholders' equity:12,81513,16312,94412,80312,69812,23912,064
TOTAL LIABILITIES AND EQUITY:13,59913,84913,66814,03313,98113,28313,340

Income statement (P&L) ($ in thousands)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues1,9691,6581,7721,3842,5151,9022,150
Cost of revenue
(Cost of Goods and Services Sold)
(1,299)(770)(937)(701)(1,376)(1,056)(1,171)
Gross profit:6708888356831,139846979
Operating expenses(666)(566)(616)(530)(545)(544)(550)
Operating income:4322219153594302429
Nonoperating income (expense)(164)1883125133(50)(60)
Investment income, nonoperating     (50)(60)
Other nonoperating income 1883125   
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes7777(93)2931
Income (loss) from continuing operations before income taxes:(153)517257185634281400
Income tax expense (benefit)4(2)(1)(1)(1)(2)(1)
Net income (loss):(149)515256184633279399
Net income (loss) attributable to noncontrolling interest (37)22222
Net income (loss) available to common stockholders, diluted:(149)478258186635281401

Comprehensive Income ($ in thousands)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income (loss):(149)515256184633279399
Other undisclosed comprehensive income (loss)(5)(100)213(10)(8)9
Comprehensive income (loss):(154)415258197623271408
Comprehensive income (loss), net of tax, attributable to noncontrolling interest (9)23(1)22
Comprehensive income (loss), net of tax, attributable to parent:(154)406260200622273410

Statements sources

The financial statements are based on the company's filings with the 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.

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