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Consolidated Balance Sheets - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 5,217,000 $ 5,974,000
Accounts receivable, less allowances of $7,000 683,000 900,000
Short-term investments (Note 2) 2,034,000 1,566,000
Inventories, less reserves for obsolescence of $5,069,000, and $4,892,000, respectively (Note 3) 3,900,000 5,261,000
Prepaid expenses and other current assets 148,000 173,000
Total current assets 11,982,000 13,874,000
Property and equipment, net 2,922,000 3,055,000
Deferred taxes 2,047,000 0
Other assets (Note 5) 186,000 193,000
Total assets 17,137,000 17,122,000
Current liabilities:    
Accounts payable 211,000 1,813,000
Accrued liabilities 790,000 924,000
Total current and total liabilities 1,001,000 2,737,000
Commitments and contingencies (Note 12)
Shareholders' equity:    
Preferred stock, $0.001 par value. Authorized 5,000,000 shares; None issued or outstanding 0 0
Additional paid-in capital 11,407,000 11,176,000
Accumulated other comprehensive income (58,000) (73,000)
Retained earnings 4,781,000 3,276,000
Total shareholders’ equity - Taitron Components Inc. 16,136,000 14,385,000
Noncontrolling interest in subsidiary 0 0
Total equity 16,136,000 14,385,000
Total liabilities and equity 17,137,000 17,122,000
Common Class A [Member]    
Shareholders' equity:    
Common stock, value 5,000 5,000
Common Class B [Member]    
Shareholders' equity:    
Common stock, value $ 1,000 $ 1,000