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Consolidated Statements of Operations and Comprehensive Loss - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Net sales $ 5,674,000 $ 5,824,000
Cost of goods sold 3,912,000 4,346,000
Gross profit 1,762,000 1,478,000
Selling, general and administrative expenses 2,101,000 2,136,000
Operating loss (339,000) (658,000)
Interest expense, net (45,000) (53,000)
Loss on investments (297,000) (226,000)
Impairment of investment in securities 0 (305,000)
Other income, net 87,000 107,000
Loss before income taxes (594,000) (1,135,000)
Income tax provision (1,000) (3,000)
Net loss (595,000) (1,138,000)
Net loss attributable to noncontrolling interest in subsidiary (8,000) (11,000)
Net loss attributable to Taitron Components Inc. $ (587,000) $ (1,127,000)
Net loss per share: Basic & Diluted (in Dollars per share) $ (0.11) $ (0.21)
Weighted average common shares outstanding: Basic & Diluted (in Shares) 5,539,385 5,539,756
Net loss $ (595,000) $ (1,138,000)
Other comprehensive income (loss) :    
Foreign currency translation adjustment 1,000 26,000
Comprehensive loss (594,000) (1,112,000)
Comprehensive loss attributable to noncontrolling interests (6,000) (9,000)
Comprehensive loss attributable to Taitron Components Inc. $ (588,000) $ (1,103,000)