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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Net sales $ 1,621,000 $ 1,672,000 $ 5,223,000 $ 4,484,000
Cost of goods sold 1,036,000 1,150,000 3,382,000 3,151,000
Gross profit 585,000 522,000 1,841,000 1,333,000
Selling, general and administrative expenses 511,000 497,000 1,596,000 1,581,000
Operating income(loss) 74,000 25,000 245,000 (248,000)
Interest expense, net (17,000) (12,000) (39,000) (32,000)
Loss on investments (62,000) (66,000) (196,000) (208,000)
Other income, net 22,000 9,000 49,000 58,000
Income(loss) before income taxes 17,000 (44,000) 59,000 (430,000)
Income tax provision (4,000) (4,000) (10,000) (11,000)
Net income(loss) 13,000 (48,000) 49,000 (441,000)
Net loss attributable to noncontrolling interest in subsidiary (2,000) (2,000) (6,000) (6,000)
Net income(loss) attributable to Taitron Components Inc. $ 15,000 $ (46,000) $ 55,000 $ (435,000)
Net income(loss) per share: Basic & Diluted (in Dollars per share) $ 0.01 $ (0.01) $ 0.01 $ (0.08)
Cash dividends declared per common share (in Dollars per share) $ 0.025 $ 0 $ 0.050 $ 0
Weighted average common shares outstanding: Basic (in Shares) 5,530,847 5,539,756 5,530,847 5,539,756
Weighted average common shares outstanding: Diluted (in Shares) 5,902,847 5,539,756 5,940,847 5,539,756
Net income(loss) $ 13,000 $ (48,000) $ 49,000 $ (441,000)
Other comprehensive income (loss) :        
Foreign currency translation adjustment 23,000 12,000 (5,000) 6,000
Comprehensive income(loss) 36,000 (36,000) 44,000 (435,000)
Comprehensive income(loss) attributable to noncontrolling interests (1,000) 0 0 (4,000)
Comprehensive income(loss) attributable to Taitron Components Inc. $ 37,000 $ (36,000) $ 44,000 $ (431,000)