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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Net sales $ 1,521,000 $ 1,609,000 $ 2,812,000 $ 2,895,000
Cost of goods sold 1,046,000 1,123,000 2,001,000 2,125,000
Gross profit 475,000 486,000 811,000 770,000
Selling, general and administrative expenses 483,000 541,000 1,084,000 1,105,000
Operating loss (8,000) (55,000) (273,000) (335,000)
Interest expense, net (7,000) (10,000) (20,000) (18,000)
Loss on investments (55,000) (98,000) (142,000) (98,000)
Other income, net 15,000 24,000 49,000 50,000
Loss before income taxes (55,000) (139,000) (386,000) (401,000)
Income tax provision (6,000) 0 (7,000) (1,000)
Net loss (61,000) (139,000) (393,000) (402,000)
Net loss attributable to noncontrolling interest in subsidiary (1,000) (2,000) (4,000) (5,000)
Net loss attributable to Taitron Components Inc. $ (60,000) $ (137,000) $ (389,000) $ (397,000)
Net loss per share: Basic & Diluted (in Dollars per share) $ (0.01) $ (0.03) $ (0.07) $ (0.07)
Weighted average common shares outstanding: Basic & Diluted (in Shares) 5,539,756 5,539,756 5,539,756 5,539,756
Net loss $ (61,000) $ (139,000) $ (393,000) $ (402,000)
Other comprehensive income (loss):        
Foreign currency translation adjustment 1,000 0 (6,000) 1,000
Comprehensive loss (60,000) (139,000) (399,000) (401,000)
Comprehensive loss attributable to noncontrolling interests (2,000) (4,000) (4,000) (6,000)
Comprehensive loss attributable to Taitron Components Inc. $ (58,000) $ (135,000) $ (395,000) $ (395,000)