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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 4,969,000 $ 4,494,000
Accounts receivable, less allowances of $40,000 and $38,000, respectively 750,000 901,000
Inventories, less reserves for obsolescence of $7,319,000, and $7,189,000, respectively (Note 2) 4,207,000 4,597,000
Prepaid expenses and other current assets 90,000 67,000
Total current assets 10,016,000 10,059,000
Property and equipment, net 3,435,000 3,710,000
Other assets (Note 3) 398,000 212,000
Total assets 13,849,000 13,981,000
Current liabilities:    
Accounts payable 388,000 972,000
Accrued liabilities 298,000 311,000
Total current & total liabilities 686,000 1,283,000
Commitments and contingencies (Note 6 )
Shareholders's equity:    
Preferred stock, $0.001 par value. Authorized 5,000,000 shares; None issued or outstanding 0 0
Additional paid-in capital 10,952,000 10,812,000
Accumulated other comprehensive income 43,000 128,000
Retained earnings 2,062,000 1,656,000
Total shareholders’ equity - Taitron Components Inc 13,063,000 12,602,000
Noncontrolling interest in subsidiary 100,000 96,000
Total equity 13,163,000 12,698,000
Total liabilities and equity 13,849,000 13,981,000
Common Class A [Member]    
Shareholders's equity:    
Common Stock, value, issued 5,000 5,000
Common Class B [Member]    
Shareholders's equity:    
Common Stock, value, issued $ 1,000 $ 1,000