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Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Net sales $ 2,167,000 $ 1,670,000
Cost of goods sold 1,294,000 1,101,000
Gross profit 873,000 569,000
Selling, general and administrative expenses 540,000 541,000
Operating income 333,000 28,000
Interest expense, net (9,000) (15,000)
Loss on investments (54,000) (74,000)
Other income, net 29,000 15,000
Income(loss) before income taxes 299,000 (46,000)
Income tax provision 0 0
Net income(loss) 299,000 (46,000)
Net loss attributable to noncontrolling interest in subsidiary (1,000) (3,000)
Net income(loss) attributable to Taitron Components Inc. $ 300,000 $ (43,000)
Net income(loss) per share: Basic & Diluted (in Dollars per share) $ 0.05 $ (0.01)
Cash dividends declared per common share (in Dollars per share) $ 0.025 $ 0
Weighted average common shares outstanding: Basic (in Shares) 5,530,847 5,530,847
Weighted average common shares outstanding: Diluted (in Shares) 5,884,847 5,530,847
Net income(loss) $ 299,000 $ (46,000)
Other comprehensive income (loss) :    
Foreign currency translation adjustment (18,000) (24,000)
Comprehensive income(loss) 281,000 (70,000)
Comprehensive income(loss) attributable to noncontrolling interests   2,000
Comprehensive income(loss) attributable to Taitron Components Inc. $ 281,000 $ (72,000)