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
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,3134,4943,2504,0183,6923,4702,724
Cash and cash equivalents5,3134,4943,2504,0183,6923,4702,724
Receivables1,022901978233291534511
Inventory, net of allowances, customer advances and progress billings3,5884,5974,9905,0559,0158,48610,151
Inventory3,5884,5974,9905,0559,0158,48610,151
Other undisclosed current assets856780227160127109
Total current assets:10,00810,0599,2989,53313,15812,61713,495
Noncurrent Assets
Property, plant and equipment3,3863,7103,8664,0324,2034,3214,462
Long-term investments and receivables2052124034716889881,276
Long-term investments2052124034716889881,276
Total noncurrent assets:3,5913,9224,2694,5034,8915,3095,738
TOTAL ASSETS:13,59913,98113,56714,03618,04917,92619,233
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:322311358492304240288
Accounts payable4629728488571,039396568
Other undisclosed accounts payable and accrued liabilities(140)(661)(490)(365)(735)(156)(280)
Due to related parties    500500 
Other undisclosed current liabilities 9728488571,039396568
Total current liabilities:3221,2831,2061,3491,8431,136856
Noncurrent Liabilities
Long-term debt and lease obligation      1,500
Long-term debt, excluding current maturities      1,500
Liabilities, other than long-term debt  5001,0001,0001,000 
Due to related parties  5001,0001,0001,000 
Total noncurrent liabilities:  5001,0001,0001,0001,500
Other undisclosed liabilities462      
Total liabilities:7841,2831,7062,3492,8432,1362,356
Stockholders' equity
Stockholders' equity attributable to parent, including:12,71512,60211,76111,58315,10215,79016,877
Additional paid in capital10,95910,81210,74410,70110,69210,68410,661
Accumulated other comprehensive income38128144156159158132
Retained earnings1,7121,6568677204,2454,8325,959
Other undisclosed stockholders' equity attributable to parent66666116125
Stockholders' equity attributable to noncontrolling interest10096100104104110119
Other undisclosed stockholders' equity     (110)(119)
Total stockholders' equity:12,81512,69811,86111,68715,20615,79016,877
TOTAL LIABILITIES AND EQUITY:13,59913,98113,56714,03618,04917,92619,233

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues6,7838,2227,6226,9155,6745,8246,268
Revenue, net7,6226,9155,6745,824(17)
Cost of revenue(3,707)(4,604)(4,622)(7,663)(3,912)(5,246)(4,861)
Cost of goods and services sold(3,707)(4,604)(4,622)(7,663)(3,912)(4,346)(4,861)
Financial services costs   (900) 
Other undisclosed gross profit     900 
Gross profit:3,0763,6183,000(748)1,7621,4781,407
Operating expenses(2,378)(2,199)(2,209)(2,124)(2,101)(2,139)(2,342)
Other undisclosed operating income     311
Operating income (loss):6981,419791(2,872)(339)(658)(924)
Nonoperating income (expense)80(52)(52)(178)(210)(119) 
Investment income, nonoperating(193)(185)(162)(224)(297)(226) 
Other nonoperating income2731331104687107 
Interest and debt expense      (34)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes289(38)(48)(45)(358)(5)
Income (loss) from continuing operations before income taxes:8061,376701(3,098)(594)(1,135)(963)
Income tax expense (6)(5)(20)(1)(3)(2)
Net income (loss):8061,370696(3,118)(595)(1,138)(965)
Net income (loss) attributable to noncontrolling interest(33)85781132
Net income (loss) attributable to parent:7731,378701(3,111)(587)(1,127)(933)
Other undisclosed net loss available to common stockholders, basic   (7)(8)(11) 
Net income (loss) available to common stockholders, diluted:7731,378701(3,118)(595)(1,138)(933)

Comprehensive Income ($ in thousands)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):8061,370696(3,118)(595)(1,138)(965)
Other undisclosed comprehensive income (loss)(90)(16)(12)(3)1264
Comprehensive income (loss):7161,354684(3,121)(594)(1,112)(961)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(4)447610(31)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent   (7)  62
Comprehensive income (loss), net of tax, attributable to parent:7121,358688(3,121)(588)(1,102)(930)

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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