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NET INCOME PER SHARE

12 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

11 - NET INCOME PER SHARE

		Year ended December 31,
		2021				2020
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.		$	2,010,000			$	1,359,000
Less cash dividends:
Class A common stock		$	837,000			$	730,000
Class B common stock		$	126,000			$	111,000
Total undistributed earnings		$	1,047,000			$	518,000

Class A common stock undistributed earnings - basic and diluted		$	910,000			$	450,000
Class B common stock undistributed earnings - basic and diluted		$	137,000			$	68,000
Total undistributed earnings - basic and diluted		$	1,047,000			$	518,000

Numerator for basic and diluted net income per share:
Class A common stock		$	1,747,000			$	1,180,000
Class B common stock		$	263,000			$	179,000
		$	2,010,000			$	1,359,000

		Year ended December 31,
		2021				2020
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 )			5,076,087				5,035,277
Weighted average number of common shares used in basic income per share (Class B common stock )			762,612				762,612
			5,838,699				5,797,889

Weighted average number of common shares used in diluted income per share (Class A common stock )			5,157,087				5,091,277
Weighted average number of common shares used in diluted income per share (Class B common stock )			762,612				762,612
			5,919,699				5,853,889

Basic net income per share:
Class A common stock		$	0.34			$	0.23
Class B common stock		$	0.34			$	0.23

Diluted net income per share:
Class A common stock		$	0.34			$	0.23
Class B common stock		$	0.34			$	0.23