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Consolidated Statements of Operations and Comprehensive Income - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Net product revenue $ 6,783,000 $ 8,222,000
Cost of products sold 3,707,000 4,604,000
Gross profit 3,076,000 3,618,000
Selling, general and administrative expenses 2,378,000 2,199,000
Operating income 698,000 1,419,000
Interest income, net 28,000 9,000
Loss on investments (193,000) (185,000)
Other income, net 273,000 133,000
Income before income taxes 806,000 1,376,000
Income tax provision 0 (6,000)
Net income 806,000 1,370,000
Net income(loss) attributable to noncontrolling interests 33,000 (8,000)
Net income attributable to Taitron Components Inc. $ 773,000 $ 1,378,000
Weighted average shares outstanding: Basic (in Shares) 5,724,222 5,597,555
Weighted average shares outstanding: Diluted (in Shares) 5,840,222 5,706,555
Cash dividends declared per common share (in Dollars per share) $ 0.125 $ 0.105
Net income $ 806,000 $ 1,370,000
Other comprehensive income:    
Foreign currency translation adjustment (90,000) (16,000)
Comprehensive income 716,000 1,354,000
Comprehensive income(loss) attributable to noncontrolling interests 4,000 (4,000)
Comprehensive income attributable to Taitron Components Inc. $ 712,000 $ 1,358,000
Common Class A [Member]    
Net income per share: Basic (in Dollars per share) $ 0.14 $ 0.25
Net income per share: Diluted (in Dollars per share) $ 0.13 $ 0.24
Weighted average shares outstanding: Basic (in Shares) 4,961,610 4,834,943
Weighted average shares outstanding: Diluted (in Shares) 5,077,610 4,943,943
Common Class B [Member]    
Net income per share: Basic (in Dollars per share) $ 0.14 $ 0.25
Net income per share: Diluted (in Dollars per share) $ 0.14 $ 0.25
Weighted average shares outstanding: Basic (in Shares) 762,612 762,612
Weighted average shares outstanding: Diluted (in Shares) 762,612 762,612