XML 14 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Operations (USD $)
 3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Net sales $ 1,663,000 $ 1,416,000 $ 3,295,000 $ 3,100,000
Cost of goods sold 1,324,000 1,144,000 2,604,000 2,474,000
Gross profit 339,000 272,000 691,000 626,000
Selling, general and administrative expenses 605,000 603,000 1,209,000 1,240,000
Operating loss (266,000) (331,000) (518,000) (614,000)
Interest expense, net (8,000) (8,000) (16,000) (17,000)
Other income, net 34,000 28,000 66,000 46,000
Loss before income taxes (240,000) (311,000) (468,000) (585,000)
Income tax provision     (1,000) (1,000)
Net loss (240,000) (311,000) (469,000) (586,000)
Net loss attributable to noncontrolling interest in subsidiary (19,000) (10,000) (29,000) (16,000)
Net loss attributable to Taitron Components Inc. (221,000) (301,000) (440,000) (570,000)
Net loss per share: Basic & Diluted (in Dollars per share) $ (0.04) $ (0.06) $ (0.08) $ (0.11)
Weighted average common shares outstanding: Basic & Diluted (in Shares) 5,539,756 5,539,756 5,539,756 5,539,756
Net loss (240,000) (311,000) (469,000) (586,000)
Other comprehensive income (loss) :        
Foreign currency translation adjustment 4,000   3,000 4,000
Comprehensive loss (236,000) (311,000) (466,000) (582,000)
Comprehensive loss attributable to noncontrolling interests (17,000) (11,000) (28,000) (16,000)
Comprehensive loss attributable to Taitron Components Inc. $ (219,000) $ (300,000) $ (438,000) $ (566,000)