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 investments6,6525,3134,4943,2504,0183,6923,470
Cash and cash equivalents6,6525,3134,4943,2504,0183,6923,470
Receivables6391,022901978233291534
Inventory, net of allowances, customer advances and progress billings3,5183,5884,5974,9905,0559,0158,486
Inventory3,5183,5884,5974,9905,0559,0158,486
Other undisclosed current assets46856780227160127
Total current assets:10,85510,00810,0599,2989,53313,15812,617
Noncurrent Assets
Property, plant and equipment3,2173,3863,7103,8664,0324,2034,321
Long-term investments and receivables189205212403471688988
Long-term investments189205212403471688988
Total noncurrent assets:3,4063,5913,9224,2694,5034,8915,309
TOTAL ASSETS:14,26113,59913,98113,56714,03618,04917,926
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:446322311358492304240
Accounts payable4104629728488571,039396
Other undisclosed accounts payable and accrued liabilities36(140)(661)(490)(365)(735)(156)
Due to related parties     500500
Other undisclosed current liabilities410 9728488571,039396
Total current liabilities:8563221,2831,2061,3491,8431,136
Noncurrent Liabilities
Long-term debt and lease obligation163      
Long-term debt, excluding current maturities163      
Liabilities, other than long-term debt   5001,0001,0001,000
Due to related parties   5001,0001,0001,000
Total noncurrent liabilities:163  5001,0001,0001,000
Other undisclosed liabilities 462     
Total liabilities:1,0197841,2831,7062,3492,8432,136
Stockholders' equity
Stockholders' equity attributable to parent, including:13,24212,71512,60211,76111,58315,10215,790
Additional paid in capital11,07110,95910,81210,74410,70110,69210,684
Accumulated other comprehensive income (loss)(66)38128144156159158
Retained earnings2,2311,7121,6568677204,2454,832
Other undisclosed stockholders' equity attributable to parent666666116
Stockholders' equity attributable to noncontrolling interest 10096100104104110
Other undisclosed stockholders' equity      (110)
Total stockholders' equity:13,24212,81512,69811,86111,68715,20615,790
TOTAL LIABILITIES AND EQUITY:14,26113,59913,98113,56714,03618,04917,926

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
Revenues6,6966,7838,2227,6226,9155,6745,824
Revenue, net7,6226,9155,6745,824
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:3,2813,0763,6183,000(748)1,7621,478
Operating expenses(2,227)(2,378)(2,199)(2,209)(2,124)(2,101)(2,139)
Other undisclosed operating income      3
Operating income (loss):1,0546981,419791(2,872)(339)(658)
Nonoperating income (expense)27280(52)(52)(178)(210)(119)
Investment income, nonoperating (193)(185)(162)(224)(297)(226)
Other nonoperating income2722731331104687107
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes37289(38)(48)(45)(358)
Income (loss) from continuing operations before income taxes:1,3638061,376701(3,098)(594)(1,135)
Income tax expense(4) (6)(5)(20)(1)(3)
Net income (loss):1,3598061,370696(3,118)(595)(1,138)
Net income (loss) attributable to noncontrolling interest (33)857811
Net income (loss) attributable to parent:1,3597731,378701(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:1,3597731,378701(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):1,3598061,370696(3,118)(595)(1,138)
Other undisclosed comprehensive income (loss)(104)(90)(16)(12)(3)126
Comprehensive income (loss):1,2557161,354684(3,121)(594)(1,112)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest100(4)447610
Other undisclosed comprehensive loss, net of tax, attributable to parent    (7)  
Comprehensive income (loss), net of tax, attributable to parent:1,3557121,358688(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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: