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Consolidated Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 5,974,000 $ 6,652,000
Accounts receivable, less allowances of $7,000 900,000 639,000
Short-term investments (Note 2) 1,566,000 0
Inventories, less reserves for obsolescence of $4,892,000, and $4,759,000, respectively (Note 3) 5,261,000 3,518,000
Prepaid expenses and other current assets 173,000 46,000
Total current assets 13,874,000 10,855,000
Property and equipment, net 3,055,000 3,217,000
Other assets (Note 5) 193,000 189,000
Total assets 17,122,000 14,261,000
Current liabilities:    
Accounts payable 1,813,000 410,000
Accrued liabilities 924,000 446,000
Total current liabilities 2,737,000 856,000
Long-term debt (Note 6) 0 163,000
Total liabilities 2,737,000 1,019,000
Commitments and contingencies (Note 13)
Shareholders' equity:    
Preferred stock, $0.001 par value. Authorized 5,000,000 shares; None issued or outstanding 0 0
Additional paid-in capital 11,176,000 11,071,000
Accumulated other comprehensive income (73,000) (66,000)
Retained earnings 3,276,000 2,231,000
Total shareholders’ equity - Taitron Components Inc. 14,385,000 13,242,000
Noncontrolling interest in subsidiary 0 0
Total equity 14,385,000 13,242,000
Total liabilities and equity 17,122,000 14,261,000
Common Class A [Member]    
Shareholders' equity:    
Common Stock, value, issued 5,000 5,000
Common Class B [Member]    
Shareholders' equity:    
Common Stock, value, issued $ 1,000 $ 1,000