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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Net sales $ 1,670,000 $ 1,291,000
Cost of goods sold 1,101,000 955,000
Gross profit 569,000 336,000
Selling, general and administrative expenses 541,000 601,000
Operating income(loss) 28,000 (265,000)
Interest expense, net (15,000) (13,000)
Loss on investments (74,000) (87,000)
Other income, net 15,000 34,000
Loss before income taxes (46,000) (331,000)
Income tax provision 0 (1,000)
Net loss (46,000) (332,000)
Net loss attributable to noncontrolling interest in subsidiary (3,000) (3,000)
Net loss attributable to Taitron Components Inc. $ (43,000) $ (329,000)
Net loss per share: Basic & Diluted (in Dollars per share) $ (0.01) $ (0.06)
Weighted average common shares outstanding: Basic & Diluted (in Shares) 5,530,847 5,539,756
Net loss $ (46,000) $ (332,000)
Other comprehensive income (loss) :    
Foreign currency translation adjustment (24,000) (7,000)
Comprehensive loss (70,000) (339,000)
Comprehensive loss attributable to noncontrolling interests 2,000 (2,000)
Comprehensive loss attributable to Taitron Components Inc. $ (72,000) $ (337,000)