$TAIT
TAITRON COMPONENTS INC

2024 Q3 Form 10-Q Financial Statement

#000118518524001122 Filed on November 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q3
Revenue $1.187M
YoY Change -24.06%
Cost Of Revenue $635.0K
YoY Change -1.55%
Gross Profit $552.0K
YoY Change -39.87%
Gross Profit Margin 46.5%
Selling, General & Admin $530.0K
YoY Change 0.0%
% of Gross Profit 96.01%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $57.00K
YoY Change 90.0%
% of Gross Profit 10.33%
Operating Expenses $530.0K
YoY Change 0.0%
Operating Profit $22.00K
YoY Change -94.33%
Interest Expense $68.00K
YoY Change -2.86%
% of Operating Profit 309.09%
Other Income/Expense, Net $163.0K
YoY Change 1153.85%
Pretax Income $253.0K
YoY Change -46.51%
Income Tax $8.000K
% Of Pretax Income 3.16%
Net Earnings $245.0K
YoY Change -40.39%
Net Earnings / Revenue 20.64%
Basic Earnings Per Share $0.04
Diluted Earnings Per Share $0.04
COMMON SHARES
Basic Shares Outstanding 6.021M shares
Diluted Shares Outstanding 5.999M shares

Balance Sheet

Concept 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $9.620M
YoY Change 9.69%
Cash & Equivalents $4.708M
Short-Term Investments $4.912M
Other Short-Term Assets $137.0K
YoY Change -27.89%
Inventory $2.998M
Prepaid Expenses
Receivables $623.0K
Other Receivables $0.00
Total Short-Term Assets $13.38M
YoY Change 3.98%
LONG-TERM ASSETS
Property, Plant & Equipment $3.068M
YoY Change 1.69%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $186.0K
YoY Change 0.0%
Other Assets $2.045M
YoY Change -0.24%
Total Long-Term Assets $5.299M
YoY Change 0.84%
TOTAL ASSETS
Total Short-Term Assets $13.38M
Total Long-Term Assets $5.299M
Total Assets $18.68M
YoY Change 3.07%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $725.0K
YoY Change 212.5%
Accrued Expenses $792.0K
YoY Change -10.71%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.517M
YoY Change 35.57%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $1.517M
Total Long-Term Liabilities $0.00
Total Liabilities $1.517M
YoY Change 35.45%
SHAREHOLDERS EQUITY
Retained Earnings $5.724M
YoY Change 2.51%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $17.16M
YoY Change
Total Liabilities & Shareholders Equity $18.68M
YoY Change 3.07%

Cashflow Statement

Concept 2024 Q3
OPERATING ACTIVITIES
Net Income $245.0K
YoY Change -40.39%
Depreciation, Depletion And Amortization $57.00K
YoY Change 90.0%
Cash From Operating Activities -$32.00K
YoY Change -103.56%
INVESTING ACTIVITIES
Capital Expenditures $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities $0.00
YoY Change -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -301.0K
YoY Change 20.4%
NET CHANGE
Cash From Operating Activities -32.00K
Cash From Investing Activities 0.000
Cash From Financing Activities -301.0K
Net Change In Cash -333.0K
YoY Change -174.0%
FREE CASH FLOW
Cash From Operating Activities -$32.00K
Capital Expenditures $0.00
Free Cash Flow -$32.00K
YoY Change -104.57%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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dei Entity Address Postal Zip Code
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dei Document Type
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10-Q
dei Document Quarterly Report
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dei Document Period End Date
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2024-09-30
dei Document Fiscal Year Focus
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dei Document Transition Report
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dei Entity File Number
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dei Entity Registrant Name
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TAITRON COMPONENTS INCORPORATED
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
CA
dei Entity Tax Identification Number
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95-4249240
dei Entity Address Address Line1
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28040 West Harrison Parkway
dei Entity Address City Or Town
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Valencia
dei Entity Address State Or Province
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CA
dei City Area Code
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dei Local Phone Number
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dei Security12b Title
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Class A common stock
dei Trading Symbol
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TAIT
dei Security Exchange Name
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us-gaap Net Cash Provided By Used In Investing Activities
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-228000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1204000 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
903000 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
901000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
56000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-903000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-845000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
8000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
3000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1497000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-22000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6205000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5217000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4708000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5195000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
203000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
499000 usd
CY2024Q3 us-gaap Revenues
Revenues
1187000 usd
CY2023Q3 us-gaap Revenues
Revenues
1563000 usd
us-gaap Revenues
Revenues
3374000 usd
us-gaap Revenues
Revenues
5139000 usd
CY2024Q3 us-gaap Revenues
Revenues
1187000 usd
CY2023Q3 us-gaap Revenues
Revenues
1563000 usd
us-gaap Revenues
Revenues
3374000 usd
us-gaap Revenues
Revenues
5139000 usd
CY2024Q3 us-gaap Inventory Net
InventoryNet
2998000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
2597000 usd
CY2024Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
5149000 usd
CY2023Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
5141000 usd
CY2023Q4 us-gaap Equity Method Investments
EquityMethodInvestments
186000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
0 usd
CY2024Q3 us-gaap Equity Method Investments
EquityMethodInvestments
186000 usd
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
196600 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
3.25
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y6M
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
112000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
20000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
2.69
tait Sharebased Compensation Arrangement By Sharebased Payment Award Options Grants Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsGrantsWeightedAverageRemainingContractualTerm1
P7Y
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
15000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
2.95
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
201600 shares
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
3.22
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y4M24D
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
57000 usd
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
161400 shares
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
3.24
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y
CY2024Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
52500 usd
CY2024Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
5000 usd
CY2024Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
9000 usd
CY2024Q3 us-gaap Purchase Commitment Remaining Minimum Amount Committed
PurchaseCommitmentRemainingMinimumAmountCommitted
930000 usd
ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Central Index Key
EntityCentralIndexKey
0000942126

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