XML 14 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Net sales $ 1,932,000 $ 1,521,000 $ 3,602,000 $ 2,812,000
Cost of goods sold 1,245,000 1,046,000 2,346,000 2,001,000
Gross profit 687,000 475,000 1,256,000 811,000
Selling, general and administrative expenses 544,000 483,000 1,085,000 1,084,000
Operating income(loss) 143,000 (8,000) 171,000 (273,000)
Interest expense, net (7,000) (7,000) (22,000) (20,000)
Loss on investments (60,000) (55,000) (134,000) (142,000)
Other income, net 12,000 15,000 27,000 49,000
Income(loss) before income taxes 88,000 (55,000) 42,000 (386,000)
Income tax provision (6,000) (6,000) (6,000) (7,000)
Net income(loss) 82,000 (61,000) 36,000 (393,000)
Net loss attributable to noncontrolling interest in subsidiary (1,000) (1,000) (4,000) (4,000)
Net income(loss) attributable to Taitron Components Inc. $ 83,000 $ (60,000) $ 40,000 $ (389,000)
Net income(loss) per share: Basic & Diluted (in Dollars per share) $ 0.01 $ (0.01) $ 0.01 $ (0.07)
Cash dividends declared per common share (in Dollars per share) $ 0.025 $ 0 $ 0.025 $ 0
Weighted average common shares outstanding: Basic (in Shares) 5,530,847 5,539,756 5,530,847 5,539,756
Weighted average common shares outstanding: Diluted (in Shares) 5,940,847 5,539,756 5,940,847 5,539,756
Net income(loss) $ 82,000 $ (61,000) $ 36,000 $ (393,000)
Other comprehensive income (loss) :        
Foreign currency translation adjustment (4,000) 1,000 (28,000) (6,000)
Comprehensive income(loss) 78,000 (60,000) 8,000 (399,000)
Comprehensive income(loss) attributable to noncontrolling interests (1,000) (2,000) 1,000 (4,000)
Comprehensive income(loss) attributable to Taitron Components Inc. $ 79,000 $ (58,000) $ 7,000 $ (395,000)