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Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Millions
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Net product revenue $ 1,472,000 $ 1,384,000
Cost of products sold 801,000 701,000
Gross profit 671,000 683,000
Selling, general and administrative expenses 598,000 530,000
Operating income 73,000 153,000
Interest income, net 11,000 7,000
Other income, net 7,000 25,000
Income before income taxes 91,000 185,000
Income tax provision (1,000) (1,000)
Net income 90,000 184,000
Net loss attributable to noncontrolling interests 0 (2,000)
Net income attributable to Taitron Components Inc. $ 90,000 $ 186,000
Net income per share: Basic (in Dollars per share) $ 0.02 $ 0.03
Diluted (in Dollars per share) $ 0.02 $ 0.03
Weighted average common shares outstanding: Basic (in Shares) 5,797,847 5,699,847
Diluted (in Shares) 5,877,847 5,801,847
Cash dividends declared per common share (in Dollars per share) $ 0.035 $ 0.030
Net income $ 90,000 $ 184,000
Other comprehensive income:    
Foreign currency translation adjustment 0 13,000
Comprehensive income 90,000 197,000
Comprehensive loss attributable to noncontrolling interests 0 (3,000)
Comprehensive income attributable to Taitron Components Inc. $ 90,000 $ 200,000