UNITED
STATES SECURITIES AND EXCHANGE COMMISSION

 Washington,
D.C. 20549

 FORM
 10-K/A

 (Amendment
No. 1)

 (Mark
One)

 ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 For
the fiscal year ended December 31, 2024

 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 For
the transition period from __________ to __________

 Commission
file number 0-25844

 TAITRON
COMPONENTS INCORPORATED

 (Exact
name of registrant as specified in its charter)

 California

 95-4249240

 (State or other jurisdiction of

incorporation or organization)

 (I.R.S. Employer

Identification No.)

 28040 West Harrison Parkway, Valencia, California

 91355

 (Address of principal executive offices)

 (Zip Code)

 Registrant's telephone
number, including area code: ( 661) 257-6060

 Securities registered pursuant to Section 12(b) of the Act:

 Title of each class

 Trading Symbol(s)

 Name of each exchange on which registered

 Class A common stock, $.001 par value

 TAIT

 NASDAQ Capital Market

 Securities
registered pursuant to Section 12(g) of the Act: None

by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes No

by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes
 No

by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange
Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)
has been subject to such filing requirements for the past 90 days. Yes No

by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule
405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant
was required to submit such files). Yes No

by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting
company, or an emerging growth company. See the definitions of "larger accelerated filer," "accelerated filer,"
"smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

 Large accelerated filer

 Accelerated filer

 Non-accelerated filer

 Smaller reporting company

 Emerging growth company

 If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness
of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered
public accounting firm that prepared or issued its audit report.

 If securities are registered
pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in this filing
reflect the correction of an error to previously issued financial statements.

by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation
received by any of the registrant's executive officers during the relevant recovery period pursuant to §240.10D-1(b).

by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes No

 The
aggregate market value of common stock held by non-affiliates of the registrant, based upon the closing price of the common stock as
reported by The Nasdaq Capital Market, was approximately $ 8.3 million as of the last business day of the registrant's most recently
completed second fiscal quarter ended June 30, 2024.

 Number
of shares outstanding of each of the registrant's classes of common stock, as of the latest practicable date:

 Class

 Outstanding on March 15, 2025

 Class A common stock, $.001 par value

 5,258,568

 Class B common stock, $.001 par value

 762,612

 Auditor Name

 Auditor Location

 Auditor Firm ID

 Ramirez
Jimenez International CPAs

 Irvine,
California

 DOCUMENTS
INCORPORATED BY REFERENCE

 Portions
of the registrant's definitive proxy statement pursuant to Regulation 14A in connection with the 2025 annual meeting of shareholders
are incorporated by reference into Part III of this Form 10-K. The proxy statement will be filed with the SEC not later than 120 days
after the registrant's fiscal year ended December 31, 2024.

 EXPLANATORY
NOTE

 On
March 31, 2025, Taitron Components Incorporated (the "Company") filed its Annual Report on Form 10-K for the year ended December
31, 2024 (the "Original Filing"). The purpose of this Amendment No. 1 to the Original Filing is solely to include the Company's
Compensation Recovery Policy as Exhibit 97.1, which was omitted in the Original Filing. No other items of the Original Filing are being
amended and this Amendment No. 1 does not reflect any events occurring after the filing of the Original Filing.

 Pursuant
to Rule 12b-15 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), currently dated Exhibit 31 certifications
are filed herewith as exhibits to this Amendment No. 1 pursuant to Rule 13a-14(a) or 15d-14(a) of the Exchange Act under Item 15(a) of
Part IV hereof. Because no financial statements have been included in this Amendment No. 1 and this Amendment No. 1 does not contain
any disclosure with respect to Items 307 and 308 of Regulation S-K, paragraphs 3, 4, and 5 of the certifications have been omitted. Similarly,
because no financial statements have been included in this Amendment No. 1, currently dated Exhibit 32 certifications pursuant to Section
906 of the Sarbanes-Oxley Act of 2002 have been omitted.

 This
Amendment No.1 contains only an updated cover page, this explanatory note, Exhibits 31.3, 31.4 and 97.1 of Item 15, the exhibit
list and the signature page.

 - 1 -

 PART
IV

 ITEM
15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES.

 a)
The following documents are filed as a part of this Annual Report 10K/A (Amendment No.1):

 (1)
Financial Statements

 No
financial statements are filed with this Amendment No. 1. The list of consolidated financial statements and notes required by this Item
15(a)(1) is set forth in the "Index to Financial Statements" within the Original Filing.

 (2)
Financial Statement Schedules

 All
schedules have been omitted because the required information is included in the financial statements or notes thereto.

 (b)
Exhibits

 Exhibits No.

 Description

 3.1*

 Amended and Restated Articles of Incorporation. Incorporated by reference from Exhibit 3.1 to the registrant's Registration Statement on Form S-8 filed with the Securities and Exchange Commission on April 10, 2020.

 3.2*

 Bylaws. Incorporated by reference from Exhibit 3.2 to the registrant's Registration Statement on Form S-8 filed with the Securities and Exchange Commission on April 10, 2020.

 10.1+

 2018 Omnibus Incentive Plan. Incorporated by reference from Appendix A to the registrant's Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on April 30, 2018.

 21.1*

 List of Subsidiaries. Incorporated by reference from Exhibit 21.1 to the registrant's Annual Report on Form 10-K for the year ended December 31, 2009 filed with the Securities and Exchange Commission on March 31, 2010.

 23.1*

 Consent of Independent Registered Public Accounting Firm – Ramirez Jimenez International CPAs

 24.1*

 Power of Attorney (contained on the signature page hereof)

 31.1*

 Principal Executive Officer - Section 302 Certification

 31.2*

 Principal Financial Officer - Section 302 Certification

 31.3

 Principal Executive Officer - Section 302 Certification

 31.4

 Principal Financial Officer - Section 302 Certification

 32* #

 Principal Executive and Principal Financial Officers - Section 906 Certification

 97.1

 Compensation Recovery Policy, effective December 1, 2023.

 101.INS

 101.SCH

 101.CAL

 101.DEF

 101.LAB

 101.PRE

 Cover

 *
 Previously
provided with the Original Filing.

 #
 The
information in this exhibit is furnished and deemed not filed with the Securities and Exchange Commission for purposes of section 18
of the Exchange Act of 1934, as amended, and is not to be incorporated by reference into any filing of Taitron Components Incorporated
under the Securities Act of 1933, as amended, or the Exchange Act of 1934, as amended, whether made before or after the date hereof,
regardless of any general incorporation language in such filing.

 +
 Each
a management contract or compensatory plan or arrangement.

 - 2 -

 SIGNATURES

 Pursuant
to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report
to be signed on its behalf by the undersigned, thereunto duly authorized.

 TAITRON COMPONENTS INCORPORATED

 Dated: April 18, 2025

 By:

 /s/ David Vanderhorst

 David Vanderhorst

 Chief Financial Officer

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