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Consolidated Statements of Operations and Comprehensive Income - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Net product revenue $ 8,222,000 $ 7,622,000
Cost of products sold 4,604,000 4,622,000
Gross profit 3,618,000 3,000,000
Selling, general and administrative expenses 2,199,000 2,209,000
Operating income 1,419,000 791,000
Interest income(expense), net 9,000 (38,000)
Loss on investments (Note 4) (185,000) (162,000)
Other income, net 133,000 110,000
Income before income taxes 1,376,000 701,000
Income tax provision (6,000) (5,000)
Net income 1,370,000 696,000
Net loss attributable to noncontrolling interest in subsidiary (8,000) (5,000)
Net income attributable to Taitron Components Inc. $ 1,378,000 $ 701,000
Net income per share: Basic (in Dollars per share) $ 0.25 $ 0.13
Net income per share: Diluted (in Dollars per share) 0.24 0.12
Cash dividends declared per common share (in Dollars per share) $ 0.105 $ 0.100
Weighted average common shares outstanding: Basic (in Shares) 5,597,555 5,550,847
Weighted average common shares outstanding: Diluted (in Shares) 5,706,555 5,644,847
Net income $ 1,370,000 $ 696,000
Other comprehensive income:    
Foreign currency translation adjustment (16,000) (12,000)
Comprehensive income 1,354,000 684,000
Comprehensive income(loss) attributable to noncontrolling interests (4,000) (4,000)
Comprehensive income attributable to Taitron Components Inc. $ 1,358,000 $ 688,000