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Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Net product revenue $ 1,655,000 $ 2,167,000
Cost of products sold 1,001,000 1,294,000
Gross profit 654,000 873,000
Selling, general and administrative expenses 560,000 540,000
Operating income 94,000 333,000
Interest expense, net (6,000) (9,000)
Loss on investments (Note 3) (75,000) (54,000)
Other income, net 48,000 29,000
Income before income taxes 61,000 299,000
Income tax provision (2,000)  
Net income 59,000 299,000
Net loss attributable to noncontrolling interest in subsidiary (2,000) (1,000)
Net income attributable to Taitron Components Inc. $ 61,000 $ 300,000
Net income per share: Basic (in Dollars per share) $ 0.01 $ 0.05
Net income per share: Diluted (in Dollars per share) 0.01 0.05
Cash dividends declared per common share (in Dollars per share) $ 0.025 $ 0.025
Weighted average common shares outstanding: Basic (in Shares) 5,570,847 5,530,847
Weighted average common shares outstanding: Diluted (in Shares) 5,670,592 5,560,847
Net income $ 59,000 $ 299,000
Other comprehensive income:    
Foreign currency translation adjustment (7,000) (18,000)
Comprehensive income 52,000 281,000
Comprehensive loss attributable to noncontrolling interests (1,000) 0
Comprehensive income attributable to Taitron Components Inc. $ 53,000 $ 281,000