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)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 6,652 | 5,313 | 4,494 | 3,250 | 4,018 | 3,692 | 3,470 | ||
| Cash and cash equivalents | 6,652 | 5,313 | 4,494 | 3,250 | 4,018 | 3,692 | 3,470 | ||
| Receivables | 639 | 1,022 | 901 | 978 | 233 | 291 | 534 | ||
| Inventory, net of allowances, customer advances and progress billings | 3,518 | 3,588 | 4,597 | 4,990 | 5,055 | 9,015 | 8,486 | ||
| Inventory | 3,518 | 3,588 | 4,597 | 4,990 | 5,055 | 9,015 | 8,486 | ||
| Other undisclosed current assets | 46 | 85 | 67 | 80 | 227 | 160 | 127 | ||
| Total current assets: | 10,855 | 10,008 | 10,059 | 9,298 | 9,533 | 13,158 | 12,617 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 3,217 | 3,386 | 3,710 | 3,866 | 4,032 | 4,203 | 4,321 | ||
| Long-term investments and receivables | 189 | 205 | 212 | 403 | 471 | 688 | 988 | ||
| Long-term investments | 189 | 205 | 212 | 403 | 471 | 688 | 988 | ||
| Total noncurrent assets: | 3,406 | 3,591 | 3,922 | 4,269 | 4,503 | 4,891 | 5,309 | ||
| TOTAL ASSETS: | 14,261 | 13,599 | 13,981 | 13,567 | 14,036 | 18,049 | 17,926 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 446 | 322 | 311 | 358 | 492 | 304 | 240 | ||
| Accounts payable | 410 | 462 | 972 | 848 | 857 | 1,039 | 396 | ||
| Other undisclosed accounts payable and accrued liabilities | 36 | (140) | (661) | (490) | (365) | (735) | (156) | ||
| Due to related parties | 500 | 500 | |||||||
| Other undisclosed current liabilities | 410 | 972 | 848 | 857 | 1,039 | 396 | |||
| Total current liabilities: | 856 | 322 | 1,283 | 1,206 | 1,349 | 1,843 | 1,136 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 163 | ||||||||
| Long-term debt, excluding current maturities | 163 | ||||||||
| Liabilities, other than long-term debt | 500 | 1,000 | 1,000 | 1,000 | |||||
| Due to related parties | 500 | 1,000 | 1,000 | 1,000 | |||||
| Total noncurrent liabilities: | 163 | 500 | 1,000 | 1,000 | 1,000 | ||||
| Other undisclosed liabilities | 462 | ||||||||
| Total liabilities: | 1,019 | 784 | 1,283 | 1,706 | 2,349 | 2,843 | 2,136 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 13,242 | 12,715 | 12,602 | 11,761 | 11,583 | 15,102 | 15,790 | ||
| Additional paid in capital | 11,071 | 10,959 | 10,812 | 10,744 | 10,701 | 10,692 | 10,684 | ||
| Accumulated other comprehensive income (loss) | (66) | 38 | 128 | 144 | 156 | 159 | 158 | ||
| Retained earnings | 2,231 | 1,712 | 1,656 | 867 | 720 | 4,245 | 4,832 | ||
| Other undisclosed stockholders' equity attributable to parent | 6 | 6 | 6 | 6 | 6 | 6 | 116 | ||
| Stockholders' equity attributable to noncontrolling interest | 100 | 96 | 100 | 104 | 104 | 110 | |||
| Other undisclosed stockholders' equity | (110) | ||||||||
| Total stockholders' equity: | 13,242 | 12,815 | 12,698 | 11,861 | 11,687 | 15,206 | 15,790 | ||
| TOTAL LIABILITIES AND EQUITY: | 14,261 | 13,599 | 13,981 | 13,567 | 14,036 | 18,049 | 17,926 | ||
Income statement (P&L) ($ in thousands)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 6,696 | 6,783 | 8,222 | 7,622 | 6,915 | 5,674 | 5,824 | |
| Revenue, net | ✕ | ✕ | ✕ | 7,622 | 6,915 | 5,674 | 5,824 | |
| Cost of revenue | (3,415) | (3,707) | (4,604) | (4,622) | (7,663) | (3,912) | (5,246) | |
| Cost of goods and services sold | (3,415) | (3,707) | (4,604) | (4,622) | (7,663) | (3,912) | (4,346) | |
| Financial services costs | ✕ | ✕ | ✕ | (900) | ||||
| Other undisclosed gross profit | 900 | |||||||
| Gross profit: | 3,281 | 3,076 | 3,618 | 3,000 | (748) | 1,762 | 1,478 | |
| Operating expenses | (2,227) | (2,378) | (2,199) | (2,209) | (2,124) | (2,101) | (2,139) | |
| Other undisclosed operating income | 3 | |||||||
| Operating income (loss): | 1,054 | 698 | 1,419 | 791 | (2,872) | (339) | (658) | |
| Nonoperating income (expense) | 272 | 80 | (52) | (52) | (178) | (210) | (119) | |
| Investment income, nonoperating | (193) | (185) | (162) | (224) | (297) | (226) | ||
| Other nonoperating income | 272 | 273 | 133 | 110 | 46 | 87 | 107 | |
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 37 | 28 | 9 | (38) | (48) | (45) | (358) | |
| Income (loss) from continuing operations before income taxes: | 1,363 | 806 | 1,376 | 701 | (3,098) | (594) | (1,135) | |
| Income tax expense | (4) | (6) | (5) | (20) | (1) | (3) | ||
| Net income (loss): | 1,359 | 806 | 1,370 | 696 | (3,118) | (595) | (1,138) | |
| Net income (loss) attributable to noncontrolling interest | (33) | 8 | 5 | 7 | 8 | 11 | ||
| Net income (loss) attributable to parent: | 1,359 | 773 | 1,378 | 701 | (3,111) | (587) | (1,127) | |
| Other undisclosed net loss available to common stockholders, basic | (7) | (8) | (11) | |||||
| Net income (loss) available to common stockholders, diluted: | 1,359 | 773 | 1,378 | 701 | (3,118) | (595) | (1,138) | |
Comprehensive Income ($ in thousands)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 1,359 | 806 | 1,370 | 696 | (3,118) | (595) | (1,138) | |
| Other undisclosed comprehensive income (loss) | (104) | (90) | (16) | (12) | (3) | 1 | 26 | |
| Comprehensive income (loss): | 1,255 | 716 | 1,354 | 684 | (3,121) | (594) | (1,112) | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 100 | (4) | 4 | 4 | 7 | 6 | 10 | |
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (7) | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 1,355 | 712 | 1,358 | 688 | (3,121) | (588) | (1,102) | |
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.