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Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Net product revenue $ 1,384,000 $ 1,655,000
Cost of products sold 701,000 1,001,000
Gross profit 683,000 654,000
Selling, general and administrative expenses 530,000 560,000
Operating income 153,000 94,000
Interest income(expense), net 7,000 (6,000)
Loss on investments 0 (75,000)
Other income, net 25,000 48,000
Income before income taxes 185,000 61,000
Income tax provision (1,000) (2,000)
Net income 184,000 59,000
Net loss attributable to noncontrolling interest in subsidiary (2,000) (2,000)
Net income attributable to Taitron Components Inc. $ 186,000 $ 61,000
Net income per share: Basic (in Dollars per share) $ 0.03 $ 0.01
Net income per share: Diluted (in Dollars per share) 0.03 0.01
Cash dividends declared per common share (in Dollars per share) $ 0.030 $ 0.025
Weighted average common shares outstanding: Basic (in Shares) 5,699,847 5,570,847
Weighted average common shares outstanding: Diluted (in Shares) 5,801,847 5,670,592
Net income $ 184,000 $ 59,000
Other comprehensive income:    
Foreign currency translation adjustment 13,000 (7,000)
Comprehensive income 197,000 52,000
Comprehensive loss attributable to noncontrolling interests (3,000) (1,000)
Comprehensive income attributable to Taitron Components Inc. $ 200,000 $ 53,000