XML 17 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Net sales $ 7,622,000 $ 6,915,000
Cost of goods sold 4,622,000 7,663,000
Gross profit(loss) 3,000,000 (748,000)
Selling, general and administrative expenses 2,209,000 2,124,000
Operating income(loss) 791,000 (2,872,000)
Interest expense, net (38,000) (48,000)
Loss on investments (162,000) (224,000)
Other income, net 110,000 46,000
Income(Loss) before income taxes 701,000 (3,098,000)
Income tax provision (5,000) (20,000)
Net income(loss) 696,000 (3,118,000)
Net loss attributable to noncontrolling interest in subsidiary (5,000) (7,000)
Net income(loss) attributable to Taitron Components Inc. $ 701,000 $ (3,111,000)
Net income(loss) per share: Basic (in Dollars per share) $ 0.13 $ (0.56)
Net income(loss) per share: Diluted (in Dollars per share) $ 0.12 $ (0.56)
Weighted average common shares outstanding: Basic (in Shares) 5,550,847 5,539,385
Weighted average common shares outstanding: Diluted (in Shares) 5,881,847 5,539,385
Net income(loss) $ 696,000 $ (3,118,000)
Other comprehensive income(loss) :    
Foreign currency translation adjustment (12,000) (3,000)
Comprehensive income(loss) 684,000 (3,121,000)
Comprehensive loss attributable to noncontrolling interests (4,000) 0
Comprehensive income(loss) attributable to Taitron Components Inc. $ 688,000 $ (3,121,000)