XML 25 R4.htm IDEA: XBRL DOCUMENT v3.3.0.814
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Net sales $ 1,672,000 $ 1,610,000 $ 4,484,000 $ 4,505,000
Cost of goods sold 1,150,000 1,194,000 3,151,000 3,319,000
Gross profit 522,000 416,000 1,333,000 1,186,000
Selling, general and administrative expenses 497,000 525,000 1,581,000 1,630,000
Operating loss 25,000 (109,000) (248,000) (444,000)
Interest expense, net (12,000) (13,000) (32,000) (31,000)
Loss on investments (66,000) (60,000) (208,000) (158,000)
Other income, net 9,000 20,000 58,000 70,000
Loss before income taxes (44,000) (162,000) (430,000) (563,000)
Income tax provision (4,000) (1,000) (11,000) (2,000)
Net loss (48,000) (163,000) (441,000) (565,000)
Net loss attributable to noncontrolling interest in subsidiary (2,000) (4,000) (6,000) (9,000)
Net loss attributable to Taitron Components Inc. $ (46,000) $ (159,000) $ (435,000) $ (556,000)
Net loss per share: Basic & Diluted (in Dollars per share) $ (0.01) $ (0.03) $ (0.08) $ (0.10)
Weighted average common shares outstanding: Basic & Diluted (in Shares) 5,539,756 5,539,756 5,539,756 5,539,756
Net loss $ (48,000) $ (163,000) $ (441,000) $ (565,000)
Other comprehensive income (loss) :        
Foreign currency translation adjustment 12,000 2,000 6,000 3,000
Comprehensive loss (36,000) (161,000) (435,000) (562,000)
Comprehensive loss attributable to noncontrolling interests   (3,000) (4,000) (8,000)
Comprehensive loss attributable to Taitron Components Inc. $ (36,000) $ (158,000) $ (431,000) $ (554,000)