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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Net sales $ 1,773,000 $ 1,932,000 $ 3,940,000 $ 3,602,000
Cost of goods sold 1,016,000 1,245,000 2,310,000 2,346,000
Gross profit 757,000 687,000 1,630,000 1,256,000
Selling, general and administrative expenses 542,000 544,000 1,082,000 1,085,000
Operating income 215,000 143,000 548,000 171,000
Interest expense, net (11,000) (7,000) (20,000) (22,000)
Loss on investments (19,000) (60,000) (73,000) (134,000)
Other income, net 31,000 12,000 60,000 27,000
Income before income taxes 216,000 88,000 515,000 42,000
Income tax provision (1,000) (6,000) (1,000) (6,000)
Net income 215,000 82,000 514,000 36,000
Net loss attributable to noncontrolling interest in subsidiary (2,000) (1,000) (3,000) (4,000)
Net income attributable to Taitron Components Inc. $ 217,000 $ 83,000 $ 517,000 $ 40,000
Net income per share: Basic & Diluted (in Dollars per share) $ 0.04 $ 0.01 $ 0.09 $ 0.01
Cash dividends declared per common share (in Dollars per share) $ 0.025 $ 0.025 $ 0.05 $ 0.025
Weighted average common shares outstanding: Basic (in Shares) 5,540,847 5,530,847 5,550,847 5,530,847
Weighted average common shares outstanding: Diluted (in Shares) 5,841,847 5,940,847 5,907,847 5,940,847
Net income $ 215,000 $ 82,000 $ 514,000 $ 36,000
Other comprehensive income (loss) :        
Foreign currency translation adjustment (9,000) (4,000) (27,000) (28,000)
Comprehensive income(loss) 206,000 78,000 487,000 8,000
Comprehensive income(loss) attributable to noncontrolling interests (2,000) (1,000) (2,000) 1,000
Comprehensive income attributable to Taitron Components Inc. $ 208,000 $ 79,000 $ 489,000 $ 7,000