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Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Net product revenue $ 1,303,000 $ 1,772,000 $ 2,775,000 $ 3,156,000
Cost of products sold 684,000 937,000 1,485,000 1,638,000
Gross profit 619,000 835,000 1,290,000 1,518,000
Selling, general and administrative expenses 519,000 616,000 1,117,000 1,146,000
Operating income 100,000 219,000 173,000 372,000
Interest income, net 10,000 7,000 21,000 14,000
Other income, net 10,000 31,000 17,000 56,000
Income before income taxes 120,000 257,000 211,000 442,000
Income tax provision (1,000) (1,000) (2,000) (2,000)
Net income 119,000 256,000 209,000 440,000
Net loss attributable to noncontrolling interests 0 (2,000) 0 (4,000)
Net income attributable to Taitron Components Inc. $ 119,000 $ 258,000 $ 209,000 $ 444,000
Net income per share: Basic (in Dollars per share) $ 0.02 $ 0.05 $ 0.04 $ 0.08
Diluted (in Dollars per share) 0.02 0.04 0.04 0.08
Cash dividends declared per common share (in Dollars per share) $ 0.035 $ 0.030 $ 0.070 $ 0.060
Weighted average common shares outstanding: Basic (in Shares) 5,800,347 5,726,347 5,787,014 5,695,597
Diluted (in Shares) 5,849,347 5,827,347 5,849,014 5,807,597
Net income $ 119,000 $ 256,000 $ 209,000 $ 440,000
Other comprehensive income:        
Foreign currency translation adjustment (5,000) 2,000 (5,000) 15,000
Comprehensive income 114,000 258,000 204,000 455,000
Comprehensive loss attributable to noncontrolling interests 0 (2,000) 0 (5,000)
Comprehensive income attributable to Taitron Components Inc. $ 114,000 $ 260,000 $ 204,000 $ 460,000