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Consolidated Balance Sheets - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 6,205,000 $ 5,217,000
Accounts receivable, less allowances of $7,000 92,000 683,000
Short-term investments (Note 2) 3,630,000 2,034,000
Inventories, less reserves for obsolescence of $5,069,000, and $4,892,000, respectively (Note 3) 2,597,000 3,900,000
Prepaid expenses and other current assets 283,000 148,000
Total current assets 12,807,000 11,982,000
Property and equipment, net 2,970,000 2,922,000
Deferred taxes 2,043,000 2,047,000
Other assets (Note 5) 186,000 186,000
Total assets 18,006,000 17,137,000
Current liabilities:    
Accounts payable 194,000 211,000
Accrued liabilities 969,000 790,000
Total current and total liabilities 1,163,000 1,001,000
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 11,474,000 11,407,000
Accumulated other comprehensive income (61,000) (58,000)
Retained earnings 5,424,000 4,781,000
Total shareholders’ equity - Taitron Components Inc. 16,843,000 16,136,000
Noncontrolling interest in subsidiary 0 0
Total equity 16,843,000 16,136,000
Total liabilities and equity 18,006,000 17,137,000
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