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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Net sales $ 1,679,000 $ 1,621,000 $ 5,778,000 $ 5,223,000
Cost of goods sold 911,000 1,036,000 3,450,000 3,382,000
Gross profit 768,000 585,000 2,328,000 1,841,000
Selling, general and administrative expenses 534,000 511,000 1,618,000 1,596,000
Operating income 234,000 74,000 710,000 245,000
Interest expense, net (9,000) (17,000) (29,000) (39,000)
Loss on investments (34,000) (62,000) (107,000) (196,000)
Other income, net 25,000 22,000 85,000 49,000
Income before income taxes 216,000 17,000 659,000 59,000
Income tax provision (2,000) (4,000) (3,000) (10,000)
Net income 214,000 13,000 656,000 49,000
Net loss attributable to noncontrolling interest in subsidiary (1,000) (2,000) (4,000) (6,000)
Net income attributable to Taitron Components Inc. $ 215,000 $ 15,000 $ 660,000 $ 55,000
Net income per share: Basic (in Dollars per share) $ 0.04 $ 0.01 $ 0.12 $ 0.01
Net income per share: Diluted (in Dollars per share) 0.04 0.01 0.11 0.01
Cash dividends declared per common share (in Dollars per share) $ 0.025 $ 0.025 $ 0.075 $ 0.050
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) 5,845,747 5,902,847 5,907,847 5,940,847
Net income $ 214,000 $ 13,000 $ 656,000 $ 49,000
Other comprehensive income :        
Foreign currency translation adjustment 11,000 23,000 (14,000) (5,000)
Comprehensive income 225,000 36,000 642,000 44,000
Comprehensive loss attributable to noncontrolling interests (5,000) (1,000) (4,000) 0
Comprehensive income attributable to Taitron Components Inc. $ 230,000 $ 37,000 $ 646,000 $ 44,000