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Consolidated Statements of Operations and Comprehensive Income - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Net product revenue $ 8,423,000 $ 8,643,000
Cost of products sold 4,030,000 4,522,000
Gross profit 4,393,000 4,121,000
Selling, general and administrative expenses 2,158,000 2,029,000
Operating income 2,235,000 2,092,000
Interest income, net 40,000 19,000
Other income, net (449,000) 287,000
Income before income taxes 1,826,000 2,398,000
Income tax provision 1,382,000 (388,000)
Net income 3,208,000 2,010,000
Other comprehensive income:    
Foreign currency translation adjustment 15,000 (7,000)
Comprehensive income 3,223,000 2,003,000
Comprehensive income(loss) attributable to noncontrolling interests 0 0
Comprehensive income attributable to Taitron Components Inc. 3,223,000 2,003,000
Net income attributable to noncontrolling interests 0 0
Net income attributable to Taitron Components Inc. $ 3,208,000 $ 2,010,000
Weighted average shares outstanding: Basic (in Shares)   5,838,699
Weighted average shares outstanding: Diluted (in Shares)   5,919,699
Cash dividends declared per common share (in Dollars per share) $ 0.285 $ 0.165
Common Class A [Member]    
Other comprehensive income:    
Net income per share: Basic (in Dollars per share) 0.54 0.34
Net income per share: Diluted (in Dollars per share) $ 0.53 $ 0.34
Weighted average shares outstanding: Basic (in Shares) 5,233,568 5,076,087
Weighted average shares outstanding: Diluted (in Shares) 5,272,568 5,157,087
Common Class B [Member]    
Other comprehensive income:    
Net income per share: Basic (in Dollars per share) $ 0.54 $ 0.34
Net income per share: Diluted (in Dollars per share) $ 0.54 $ 0.34
Weighted average shares outstanding: Basic (in Shares) 762,612 762,612
Weighted average shares outstanding: Diluted (in Shares) 762,612 762,612