Taoping inc. (TAOP)
Income statement / Yearly
Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10
Revenue - Products

4,312

6,553

4,953

22,628

-

-

46,435

53,328

Revenue - Products-related parties

9,103

0

0

-

-

-

-

-

Revenue - Hardware

-

-

-

-

46,114

45,690

-

-

Revenue - Software

3,441

2,347

3,200

10,366

2,923

18,597

39,301

90,419

Revenue - System integration

390

628

1,012

4,822

5,422

20,905

27,678

16,278

Revenue - Others

884

664

1,118

817

960

1,184

1,119

3,819

Revenue - Others-related parties

57

0

0

-

-

-

-

-

TOTAL REVENUE

18,189

10,193

10,284

38,634

55,419

86,377

114,535

163,845

Cost - Products

8,973

5,512

2,910

18,769

-

-

36,815

46,052

Cost - Hardware

-

-

-

-

38,829

40,119

-

-

Cost - Software

733

921

1,267

4,086

1,559

8,904

13,302

38,574

Cost - System integration

135

1,078

1,745

4,480

4,733

15,964

19,625

8,259

Cost - Others

25

95

457

809

743

889

472

395

TOTAL COST

9,867

7,607

6,381

28,146

45,867

65,877

70,216

93,282

GROSS PROFIT

8,321

2,586

3,903

10,488

9,552

20,499

44,319

70,563

Administrative expenses

3,621

8,342

11,223

20,837

88,699

52,800

22,785

18,623

Research and development expenses

4,031

3,044

3,446

1,477

2,190

4,951

4,483

3,016

Selling expenses

1,119

1,334

2,661

4,240

4,893

9,786

7,522

6,359

Impairment of property, plant and equipment

0

0

4,616

827

29,976

11,809

0

-

Impairment of intangible assets and goodwill

0

4,442

8,918

7,015

2,008

26,901

0

0

INCOME(LOSS) FROM OPERATIONS

-450

-14,577

-26,963

-23,909

-118,215

-85,749

9,527

42,563

Subsidy income

476

223

501

676

1,491

1,709

1,939

948

Gain on sale of assets

0

0

29,994

0

0

-

-

-

Loss on disposal of consolidated entities

0

575

0

0

-

-

-

-

Loss on sale of deposits for land use right

0

2,762

0

0

-

-

-

-

Other income (loss), net

281

-326

776

-407

1,241

-1,466

538

1,237

Interest income

7

17

76

408

447

343

317

126

Interest expense

450

498

3,116

5,858

4,934

4,646

2,948

1,539

Change in fair value of warrant liability

-3

-34

5,657

0

-

-

-

-

Warrant expense

-

-

-

-

0

-

-

-

Income (loss) before income taxes

-131

-18,466

-4,389

-29,091

-119,969

-89,810

9,374

43,337

Income tax benefit

-1,070

57

4,305

-4,599

1,731

812

804

7,863

Net income (loss) from continuing operations

939

-18,524

-8,694

-24,491

-121,700

-

-

-

NET LOSS ATTRIBUTABLE TO THE COMPANY - continuing operations

-

-

-

-

-118,511

-

-

-

Income (loss) from discontinued operations before income taxes (including pretax gain on sale of Geo: $7.0 million in 2015 and pretax loss on sale of Zhongtian: $3.3 million in 2015)

-

-

-

-

-340

-

-

-

Income tax expense

-

-

-

-

-165

-

-

-

Net income from discontinued operations

0

0

1,498

-5,260

-505

-

-

-

Less: Net (income) loss attributable to the non-controlling interest

-

-

-

-

-219

-

-

-

NET INCOME ( LOSS) ATTRIBUTABLE TO THE COMPANY-discontinued operations

-

-

-

-

-725

-

-

-

NET INCOME

939

-18,524

-7,195

-29,752

-122,206

-90,622

8,570

35,473

Less: Net (income) loss attributable to the non-controlling interest

80

-353

308

-520

-3,188

-992

660

1,071

NET INCOME ATTRIBUTABLE TO THE COMPANY

858

-18,170

-7,504

-29,231

-119,236

-89,630

7,909

34,402

Basic and Diluted

-

-

-

-

-

27,017

-

-

Basic

-

-

-

-

-

-

26,737

25,907

Diluted

-

-

-

-

-

-

26,965

26,072

Earnings per share - Basic and Diluted
Basic

0.02

-0.45

-0.26

-0.79

-4.33

-

0.30

1.33

Diluted

0.02

-0.45

-0.26

-0.79

-4.33

-3.32

0.29

1.32

NET EARNINGS PER SHARE ATTRIBUTABLE TO THE COMPANY
Basic

0.00

0.00

0.04

-0.17

-0.03

-

-

-

Diluted

0.00

0.00

0.04

-0.17

-0.03

-

-

-

Basic

0.02

-0.45

-0.22

-0.96

-4.36

-

-

-

Diluted

0.02

-0.45

-0.22

-0.96

-4.36

-

-

-