TEL INSTRUMENT ELECTRONICS CORP TIK Income Statement

Tel instrument electronics corp (TIK)

Income statement / TTM

Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10
Net sales
16,054	15,297	13,608	12,116	10,082	8,732	8,296	10,024	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of sales
8,420	7,905	7,090	6,698	6,080	5,763	5,926	6,894	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net sales
-	-	-	-	-	-	-	-	-	-	-	-	20,824	22,558	24,301	24,804	25,084	24,143	20,912	18,195	16,251	15,310	15,757	15,828	13,228	11,489	9,849	7,827	11,093	12,416	13,695	16,508	15,105	15,693	15,075	13,540	0	0	0
Cost of sales
-	-	-	-	-	-	-	-	-	-	-	-	13,596	14,929	16,254	16,819	17,085	16,633	14,777	12,755	10,209	9,418	9,459	9,464	9,749	8,952	7,986	6,866	8,103	8,434	8,833	10,068	8,411	8,578	7,974	7,218	0	0	0
Gross margin
7,634	7,391	6,517	5,417	4,002	2,969	2,369	3,129	3,925	4,623	6,048	6,684	7,228	7,629	8,046	7,985	7,998	7,509	6,135	5,440	6,041	5,891	6,297	6,363	3,479	2,537	1,863	961	2,989	3,981	4,862	6,440	6,694	7,115	7,101	6,321	0	0	0
Operating expenses:
Selling, general and administrative
2,410	2,331	2,261	2,215	2,262	2,281	2,352	2,491	2,424	2,458	2,519	2,581	2,439	2,624	2,821	2,919	3,302	3,359	3,135	3,149	3,488	3,361	3,372	3,146	2,659	2,549	2,563	2,564	2,706	2,843	2,825	2,969	2,956	2,917	2,942	2,901	0	0	0
Litigation expenses
218	261	205	234	184	259	266	610	1,191	1,338	1,483	1,244	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal damages
-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal damages
-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Engineering, research and development
2,300	2,342	2,319	2,312	2,226	2,151	2,177	2,275	2,338	2,406	2,460	2,430	2,344	2,270	2,130	2,038	1,962	1,915	1,969	1,961	1,951	1,906	1,856	1,853	1,919	1,951	2,051	2,149	2,242	2,394	2,524	2,794	3,030	3,164	3,347	3,256	0	0	0
Total operating expenses
4,929	4,935	4,787	4,762	4,732	4,750	6,955	7,536	10,853	11,103	9,263	9,056	5,846	5,675	5,544	5,405	5,264	5,274	5,105	5,110	5,439	5,267	5,229	4,999	4,579	4,500	4,615	4,714	4,948	5,238	5,349	5,764	5,986	6,082	6,290	6,158	0	0	0
Income from operations
2,704	2,456	1,730	654	-730	-1,781	-4,585	-4,406	-6,927	-6,480	-3,214	-2,371	1,381	1,953	2,502	2,579	2,734	2,235	1,030	330	601	624	1,068	1,363	-1,100	-1,963	-2,751	-3,753	-1,959	-1,256	-486	676	707	1,032	810	163	0	0	0
Other income (expense):
Interest income
-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from life insurance
-	-	-	-	-	-	-	92	92	92	92	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-26	-26	-26	-26	0	0	0	0	-	-	-	-	-	-	-	-
Gain on sales of capital asset
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-
Gain on sale of capital asset
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3	0	0	0
Proceeds from life insurance policy
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-300	0	0	0	-	-	-	-
Interest income
5	4	4	4	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	0	0	0	0	0	0	0	0
Amortization of debt discount
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	75	104	116	112	104	123	133	139	129	95	71	53	53	59	65	60	52	0	0	0
Amortization of deferred financing costs
-	-	-	-	-	-	-	3	4	5	5	5	5	5	5	5	5	17	43	69	94	108	108	108	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-
Amortization of deferred financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	108	108	87	0	-	0	0	-
Financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	0	0	-	-	-	-	-	-	-	-	-
Financing Costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-
Change in fair value of common stock warrants
-93	-116	-122	-43	-23	5	0	95	128	160	199	321	368	84	-467	-617	-793	-509	36	-164	88	-178	-273	-114	-246	2	69	294	212	323	428	10	-62	0	0	-	0	-	-
Interest expense
-	-	-	-	-	-	-	59	31	29	32	40	25	37	46	58	65	81	112	145	182	193	233	275	381	456	490	478	415	391	357	367	378	377	327	248	0	0	0
Interest expense - judgment
351	338	319	310	285	244	172	100	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
-38	-29	-15	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total other expense
-502	-522	-523	-451	-412	-335	-260	20	134	199	235	256	294	-1	-562	-723	-912	-858	-399	-690	-509	-627	-757	-659	-908	-807	-835	-563	-375	-173	0	-	0	0	-	-	0	-	-
Income (loss) before income taxes
2,202	1,934	1,206	203	-1,143	-2,116	-4,845	-4,385	-6,793	-6,281	-2,979	-2,115	1,675	1,951	1,939	1,856	1,822	1,376	631	-359	92	-2	310	704	-2,008	-2,770	-3,587	-4,316	-2,515	-1,591	-607	426	546	606	354	-306	0	0	0
Income tax expense
0	0	0	0	-63	-63	-63	-63	2,330	2,366	2,476	2,644	553	743	804	851	744	546	248	-79	179	209	347	442	-575	-938	-1,397	-1,543	-823	-541	-90	355	219	347	286	-179	0	0	0
Net income (loss)
2,202	1,934	1,206	203	-1,080	-2,053	-4,782	-4,322	-9,123	-8,648	-5,455	-4,759	1,122	1,207	1,135	1,004	1,077	830	382	-280	-87	-212	-36	261	-1,433	-1,832	-2,189	-2,772	-1,692	-1,050	-516	71	327	258	67	-127	0	0	0
Deemed dividend related to beneficial conversion feature of Series B Convertible Preferred Stock
0	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred stock dividends
320	352	332	312	292	210	150	90	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) attributable to common shareholders
1,882	1,161	454	-529	-1,793	-2,263	-4,932	-4,412	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic income (loss) per common share (in Dollars per share)
0.25	0.14	0.05	0.14	0.03	-0.08	-0.25	-0.26	-0.11	-0.90	-0.09	-1.71	0.04	0.08	0.13	0.09	0.07	0.06	0.09	0.12	-0.01	-0.08	-0.12	0.17	-0.04	-0.02	-0.03	-0.38	-0.19	-0.16	-0.25	-0.02	0.04	0.04	-0.03	0.08	0.01	-0.03	-0.11
Diluted income (loss) per common share (in Dollars per share)
0.18	0.11	0.05	0.14	0.03	-0.08	-0.25	-0.23	-0.11	-0.90	-0.12	-1.69	0.03	0.07	0.10	0.16	0.07	0.06	0.02	0.12	-0.01	-0.08	-0.12	0.19	-0.04	-0.02	-0.03	-0.38	-0.19	-0.16	-0.25	-0.03	0.04	0.04	-0.03	0.08	0.01	-0.03	-0.11
Earnings Per Share [Abstract]
Basic (in Shares)
3,255	3,255	3,255	3,255	3,255	3,255	3,255	3,255	3,255	3,255	3,255	3,255	3,255	3,255	3,255	3,256	3,256	3,256	3,256	3,256	3,255	3,252	3,251	3,253	3,247	3,235	3,079	3,007	2,912	2,717	2,698	2,679	2,652	2,650	2,647	2,640	2,626	2,622	2,615
Diluted (in Shares)
4,975	4,945	3,411	3,255	3,255	3,255	3,255	3,245	3,255	3,255	3,266	3,261	3,265	3,266	3,274	3,201	3,261	3,260	3,320	3,256	3,255	3,252	3,251	3,353	3,247	3,235	3,079	3,007	2,912	2,717	2,698	2,781	2,706	2,736	2,647	2,623	2,642	2,622	2,615