NORTECH SYSTEMS INC Annual Income Tax Expense (Benefit) in USD from 2010 to 2023

Taxonomy & unit
us-gaap: USD
Description
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.
Summary
Nortech Systems Inc quarterly/annual Income Tax Expense (Benefit) history and growth rate from 2010 to 2023.
  • Nortech Systems Inc Income Tax Expense (Benefit) for the quarter ending June 30, 2024 was $22K, a 93.5% decline year-over-year.
  • Nortech Systems Inc Income Tax Expense (Benefit) for the twelve months ending June 30, 2024 was -$1.77M, a 191% decline year-over-year.
  • Nortech Systems Inc annual Income Tax Expense (Benefit) for 2023 was -$1.41M, a 196% decline from 2022.
  • Nortech Systems Inc annual Income Tax Expense (Benefit) for 2022 was $1.47M, a 70.8% increase from 2021.
  • Nortech Systems Inc annual Income Tax Expense (Benefit) for 2021 was $859K, a 177% increase from 2020.
Income Tax Expense (Benefit), Trailing 12 Months (USD)
Income Tax Expense (Benefit), Annual (USD)
Income Tax Expense (Benefit), YoY Annual Growth (%)
Period Value YoY Chg Change % Start Date End Date Report Filed
2023 -$1.41M -$2.88M -196% Jan 1, 2023 Dec 31, 2023 10-K 2024-03-20
2022 $1.47M +$608K +70.8% Jan 1, 2022 Dec 31, 2022 10-K 2024-03-20
2021 $859K +$549K +177% Jan 1, 2021 Dec 31, 2021 10-K 2023-03-17
2020 $310K -$99K -24.2% Jan 1, 2020 Dec 31, 2020 10-K 2022-03-17
2019 $409K +$83K +25.5% Jan 1, 2019 Dec 31, 2019 10-K 2021-03-23
2018 $326K -$49K -13.1% Jan 1, 2018 Dec 31, 2018 10-K 2020-03-19
2017 $375K +$340K +971% Jan 1, 2017 Dec 31, 2017 10-K 2019-04-01
2016 $35K +$351K Jan 1, 2016 Dec 31, 2016 10-K 2018-03-27
2015 -$316K -$397K -490% Jan 1, 2015 Dec 31, 2015 10-K 2017-03-08
2014 $81K -$219K -73% Jan 1, 2014 Dec 31, 2014 10-K 2016-03-22
2013 $300K +$2K +0.67% Jan 1, 2013 Dec 31, 2013 10-K 2015-03-11
2012 $298K -$263K -46.9% Jan 1, 2012 Dec 31, 2012 10-K 2014-03-07
2011 $561K +$186K +49.6% Jan 1, 2011 Dec 31, 2011 10-K 2013-03-08
2010 $375K Jan 1, 2010 Dec 31, 2010 10-K 2012-03-09
* An asterisk sign (*) next to the value indicates that the value is likely invalid.