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Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Net product revenue $ 1,902,000 $ 1,679,000 $ 5,707,000 $ 5,778,000
Cost of products sold 1,056,000 911,000 3,228,000 3,450,000
Gross profit 846,000 768,000 2,479,000 2,328,000
Selling, general and administrative expenses 544,000 534,000 1,654,000 1,618,000
Operating income 302,000 234,000 825,000 710,000
Interest expense, net 0 (9,000) (4,000) (29,000)
Loss on investments (Note 3) (50,000) (34,000) (185,000) (107,000)
Other income, net 29,000 25,000 106,000 85,000
Income before income taxes 281,000 216,000 742,000 659,000
Income tax provision (2,000) (2,000) (5,000) (3,000)
Net income 279,000 214,000 737,000 656,000
Net loss attributable to noncontrolling interest in subsidiary (2,000) (1,000) (6,000) (4,000)
Net income attributable to Taitron Components Inc. $ 281,000 $ 215,000 $ 743,000 $ 660,000
Net income per share: Basic (in Dollars per share) $ 0.05 $ 0.04 $ 0.13 $ 0.12
Net income per share: Diluted (in Dollars per share) 0.05 0.04 0.13 0.11
Cash dividends declared per common share (in Dollars per share) $ 0.025 $ 0.025 $ 0.075 $ 0.075
Weighted average common shares outstanding: Basic (in Shares) 5,615,347 5,540,847 5,586,791 5,550,847
Weighted average common shares outstanding: Diluted (in Shares) 5,741,474 5,845,747 5,702,456 5,907,847
Net income $ 279,000 $ 214,000 $ 737,000 $ 656,000
Other comprehensive income:        
Foreign currency translation adjustment (8,000) 11,000 (6,000) (14,000)
Comprehensive income 271,000 225,000 731,000 642,000
Comprehensive loss attributable to noncontrolling interests (2,000) (5,000) (5,000) (4,000)
Comprehensive income attributable to Taitron Components Inc. $ 273,000 $ 230,000 $ 736,000 $ 646,000