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Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Net product revenue $ 2,150,000 $ 1,773,000 $ 3,805,000 $ 3,940,000
Cost of products sold 1,171,000 1,016,000 2,172,000 2,310,000
Gross profit 979,000 757,000 1,633,000 1,630,000
Selling, general and administrative expenses 550,000 542,000 1,110,000 1,082,000
Operating income 429,000 215,000 523,000 548,000
Interest income (expense), net 2,000 (11,000) (4,000) (20,000)
Loss on investments (Note 3) (60,000) (19,000) (135,000) (73,000)
Other income, net 29,000 31,000 77,000 60,000
Income before income taxes 400,000 216,000 461,000 515,000
Income tax provision (1,000) (1,000) (3,000) (1,000)
Net income 399,000 215,000 458,000 514,000
Net loss attributable to noncontrolling interest in subsidiary (2,000) (2,000) (4,000) (3,000)
Net income attributable to Taitron Components Inc. $ 401,000 $ 217,000 $ 462,000 $ 517,000
Net income per share: Basic (in Dollars per share) $ 0.07 $ 0.04 $ 0.08 $ 0.09
Net income per share: Diluted (in Dollars per share) 0.07 0.04 0.08 0.09
Cash dividends declared per common share (in Dollars per share) $ 0.025 $ 0.025 $ 0.050 $ 0.050
Weighted average common shares outstanding: Basic (in Shares) 5,574,180 5,540,847 5,572,514 5,550,847
Weighted average common shares outstanding: Diluted (in Shares) 5,665,847 5,841,847 5,669,181 5,907,847
Net income $ 399,000 $ 215,000 $ 458,000 $ 514,000
Other comprehensive income:        
Foreign currency translation adjustment 9,000 (9,000) 2,000 (27,000)
Comprehensive income 408,000 206,000 460,000 487,000
Comprehensive loss attributable to noncontrolling interests (2,000) (2,000) (3,000) (2,000)
Comprehensive income attributable to Taitron Components Inc. $ 410,000 $ 208,000 $ 463,000 $ 489,000