XML 14 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
Net product revenue $ 1,991,000 $ 1,658,000 $ 4,766,000 $ 4,814,000
Cost of products sold 1,024,000 770,000 2,509,000 2,408,000
Gross profit 967,000 888,000 2,257,000 2,406,000
Selling, general and administrative expenses 542,000 566,000 1,659,000 1,712,000
Operating income 425,000 322,000 598,000 694,000
Interest income, net 7,000 7,000 28,000 21,000
Other income, net 12,000 188,000 29,000 244,000
Income before income taxes 444,000 517,000 655,000 959,000
Income tax provision (1,000) (2,000) (3,000) (4,000)
Net income 443,000 515,000 652,000 955,000
Net loss attributable to noncontrolling interests 0 37,000 0 33,000
Net income attributable to Taitron Components Inc. $ 443,000 $ 478,000 $ 652,000 $ 922,000
Net income per share: Basic (in Dollars per share) $ 0.080 $ 0.080 $ 0.110 $ 0.160
Diluted (in Dollars per share) 0.080 0.080 0.110 0.160
Cash dividends declared per common share (in Dollars per share) $ 0.035 $ 0.030 $ 0.105 $ 0.090
Weighted average common shares outstanding: Basic (in Shares) 5,802,847 5,752,847 5,787,014 5,714,680
Diluted (in Shares) 5,845,847 5,825,847 5,840,014 5,826,680
Net income $ 443,000 $ 515,000 $ 652,000 $ 955,000
Other comprehensive income:        
Foreign currency translation adjustment   (100,000) (5,000) (85,000)
Comprehensive income 443,000 415,000 647,000 870,000
Comprehensive loss attributable to noncontrolling interests 0 9,000 0 4,000
Comprehensive income attributable to Taitron Components Inc. $ 443,000 $ 406,000 $ 647,000 $ 866,000