XML 28 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Operations (Unaudited) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Net sales $ 1,610,000 $ 1,574,000 $ 4,505,000 $ 4,869,000
Cost of goods sold 1,194,000 1,203,000 3,319,000 3,807,000
Gross profit 416,000 371,000 1,186,000 1,062,000
Selling, general and administrative expenses 525,000 575,000 1,630,000 1,784,000
Operating loss (109,000) (204,000) (444,000) (722,000)
Interest expense, net (13,000) (9,000) (31,000) (25,000)
Other (expense)income, net (40,000) 36,000 (88,000) 102,000
Loss before income taxes (162,000) (177,000) (563,000) (645,000)
Income tax provision (1,000) (1,000) (2,000) (2,000)
Net loss (163,000) (178,000) (565,000) (647,000)
Net loss attributable to noncontrolling interest in subsidiary (4,000) (1,000) (9,000) (30,000)
Net loss attributable to Taitron Components Inc. (159,000) (177,000) (556,000) (617,000)
Net loss per share: Basic & Diluted (in Dollars per share) $ (0.03) $ (0.03) $ (0.10) $ (0.12)
Weighted average common shares outstanding: Basic & Diluted (in Shares) 5,539,756 5,539,756 5,539,756 5,539,756
Net loss (163,000) (178,000) (565,000) (647,000)
Other comprehensive income (loss) :        
Foreign currency translation adjustment 2,000 0 3,000 3,000
Comprehensive loss (161,000) (178,000) (562,000) (644,000)
Comprehensive loss attributable to noncontrolling interests (3,000) 0 (8,000) (28,000)
Comprehensive loss attributable to Taitron Components Inc. $ (158,000) $ (178,000) $ (554,000) $ (616,000)