Tel instrument electronics corp (TIK)
Income statement / Yearly
Mar'19Mar'18Mar'17Mar'16Mar'15Mar'14Mar'13Mar'12Mar'11
Net sales

12,116

10,024

18,745

-

-

-

-

-

-

Cost of sales

6,698

6,894

12,061

-

-

-

-

-

-

Net sales

-

-

-

24,804

18,195

15,828

7,827

16,508

13,540

Cost of sales

-

-

-

16,819

12,755

9,464

6,866

10,068

7,218

Gross margin

5,417

3,129

6,684

7,985

5,440

6,363

961

6,440

6,321

Operating expenses:
Selling, general and administrative

2,215

2,491

2,581

2,919

3,149

3,146

2,564

2,969

2,901

Litigation expenses

234

610

1,244

448

-

-

-

-

-

Legal damages

0

2,159

2,800

0

-

-

-

-

-

Engineering, research and development

2,312

2,275

2,430

2,038

1,961

1,853

2,149

2,794

3,256

Total operating expenses

4,762

7,536

9,056

5,405

5,110

4,999

4,714

5,764

6,158

Income from operations

654

-4,406

-2,371

2,579

330

1,363

-3,753

676

163

Other income (expense):
Proceeds from life insurance

0

92

0

-

-

-

-

-

-

Loss on extinguishment of debt

-

-

-

-

-188

-26

0

-

-

Gain on sales of capital asset

-

-

-

-

-

-

-

0

-

Gain on sale of capital asset

-

-

-

-

-

-

-

-

3

Proceeds from life insurance policy

-

-

-

-

-

-

-

-300

-

Interest income

4

0

0

-

-

0

0

0

0

Amortization of debt discount

-

-

-

-

75

104

129

53

52

Amortization of deferred financing costs

0

3

5

5

69

108

-

-

-

Amortization of deferred financing costs

-

-

-

-

-

-

219

108

60

Change in fair value of common stock warrants

-43

95

321

-617

-164

-114

294

10

-84

Interest expense

100

59

40

58

145

275

478

367

248

Interest expense - judgment

310

100

0

-

-

-

-

-

-

Interest expense

0

3

18

42

47

30

30

31

28

Total other expense

-451

20

256

-723

-690

-659

-563

-249

-470

Income (loss) before income taxes

203

-4,385

-2,115

1,856

-359

704

-4,316

426

-306

Income tax expense

0

-63

2,644

851

-79

442

-1,543

355

-179

Net income (loss)

203

-4,322

-4,759

1,004

-280

261

-2,772

71

-127

Deemed dividend related to beneficial conversion feature of Series B Convertible Preferred Stock

420

0

-

-

-

-

-

-

-

Preferred stock dividends

312

90

0

-

-

-

-

-

-

Net income (loss) attributable to common shareholders

-529

-4,412

-4,759

-

-

-

-

-

-

Basic income (loss) per common share (in Dollars per share)

-0.16

-1.36

-1.46

0.31

-0.09

0.08

-0.98

0.03

-0.05

Diluted income (loss) per common share (in Dollars per share)

-0.16

-1.36

-1.49

0.31

-0.09

0.10

-0.98

0.02

-0.05

Earnings Per Share [Abstract]
Basic (in Shares)

3,255

3,255

3,255

3,256

3,253

3,204

2,834

2,657

2,626

Diluted (in Shares)

3,255

3,255

3,266

3,261

3,253

3,228

2,834

2,717

2,626