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NET INCOME PER SHARE | 12 Months Ended
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Dec. 31, 2019
Earnings Per Share [Abstract] |
Earnings Per Share [Text Block] | 10 - NET INCOME PER SHARE The following table sets forth the computation of basic and diluted net income per share under the two-class method. See Note 1 for additional information related to net income per share.
|  | Year ended December 31, |
|  | 2019 |  |  | 2018 |
Numerator for basic and diluted net income per Class A common stock and Class B common stock share: |  |  |  |  |  |  |  |
Net income attributable to Taitron Components Inc. |  | $ | 773,000 |  |  | $ | 1,378,000 |
Less cash dividends: |  |  |  |  |  |  |  |
Class A common stock |  | $ | 620,000 |  |  | $ | 508,000 |
Class B common stock |  | $ | 95,000 |  |  | $ | 80,000 |
Total undistributed earnings |  | $ | 58,000 |  |  | $ | 790,000 |
Class A common stock undistributed earnings - basic and diluted |  | $ | 50,000 |  |  | $ | 682,000 |
Class B common stock undistributed earnings - basic and diluted |  | $ | 8,000 |  |  | $ | 108,000 |
Total undistributed earnings - basic and diluted |  | $ | 58,000 |  |  | $ | 790,000 |
Numerator for basic and diluted net income per share: |  |  |  |  |  |  |  |
Class A common stock |  | $ | 670,000 |  |  | $ | 1,190,000 |
Class B common stock |  | $ | 103,000 |  |  | $ | 188,000 |
|  | $ | 773,000 |  |  | $ | 1,378,000 |
|  | Year ended December 31, |
|  | 2019 |  |  | 2018 |
Denominator for basic and diluted net income per Class A common stock and Class B common stock share: |  |  |  |  |  |  |  |
Weighted average number of common shares used in basic income per share (Class A common stock ) |  |  | 4,961,610 |  |  |  | 4,834,943 |
Weighted average number of common shares used in basic income per share (Class B common stock ) |  |  | 762,612 |  |  |  | 762,612 |
|  |  | 5,724,222 |  |  |  | 5,597,555 |
Weighted average number of common shares used in diluted income per share (Class A common stock ) |  |  | 5,077,610 |  |  |  | 4,943,943 |
Weighted average number of common shares used in diluted income per share (Class B common stock ) |  |  | 762,612 |  |  |  | 762,612 |
|  |  | 5,840,222 |  |  |  | 5,706,555 |
Basic net income per share: |  |  |  |  |  |  |  |
Class A common stock |  | $ | 0.14 |  |  | $ | 0.25 |
Class B common stock |  | $ | 0.14 |  |  | $ | 0.25 |
Diluted net income per share: |  |  |  |  |  |  |  |
Class A common stock |  | $ | 0.13 |  |  | $ | 0.24 |
Class B common stock |  | $ | 0.14 |  |  | $ | 0.25 |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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