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Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Net product revenue $ 1,772,000 $ 2,150,000 $ 3,156,000 $ 3,805,000
Cost of products sold 937,000 1,171,000 1,638,000 2,172,000
Gross profit 835,000 979,000 1,518,000 1,633,000
Selling, general and administrative expenses 616,000 550,000 1,146,000 1,110,000
Operating income 219,000 429,000 372,000 523,000
Interest income(expense), net 7,000 2,000 14,000 (4,000)
Loss on investments 0 (60,000) 0 (135,000)
Other income, net 31,000 29,000 56,000 77,000
Income before income taxes 257,000 400,000 442,000 461,000
Income tax provision (1,000) (1,000) (2,000) (3,000)
Net income 256,000 399,000 440,000 458,000
Net loss attributable to noncontrolling interest in subsidiary (2,000) (2,000) (4,000) (4,000)
Net income attributable to Taitron Components Inc. $ 258,000 $ 401,000 $ 444,000 $ 462,000
Net income per share: Basic (in Dollars per share) $ 0.05 $ 0.07 $ 0.08 $ 0.08
Net income per share: Diluted (in Dollars per share) 0.04 0.07 0.08 0.08
Cash dividends declared per common share (in Dollars per share) $ 0.030 $ 0.025 $ 0.060 $ 0.050
Weighted average common shares outstanding: Basic (in Shares) 5,726,347 5,574,180 5,695,597 5,572,514
Weighted average common shares outstanding: Diluted (in Shares) 5,827,347 5,665,847 5,807,597 5,669,181
Net income $ 256,000 $ 399,000 $ 440,000 $ 458,000
Other comprehensive income:        
Foreign currency translation adjustment 2,000 9,000 15,000 2,000
Comprehensive income 258,000 408,000 455,000 460,000
Comprehensive loss attributable to noncontrolling interests (2,000) (2,000) (5,000) (3,000)
Comprehensive income attributable to Taitron Components Inc. $ 260,000 $ 410,000 $ 460,000 $ 463,000