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Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Net product revenue $ 1,658,000 $ 1,902,000 $ 4,814,000 $ 5,707,000
Cost of products sold 770,000 1,056,000 2,408,000 3,228,000
Gross profit 888,000 846,000 2,406,000 2,479,000
Selling, general and administrative expenses 566,000 544,000 1,712,000 1,654,000
Operating income 322,000 302,000 694,000 825,000
Interest income(expense), net 7,000 0 21,000 (4,000)
Loss on investments 0 (50,000) 0 (185,000)
Other income, net 188,000 29,000 244,000 106,000
Income before income taxes 517,000 281,000 959,000 742,000
Income tax provision (2,000) (2,000) (4,000) (5,000)
Net income 515,000 279,000 955,000 737,000
Net income(loss) attributable to noncontrolling interests 37,000 (2,000) 33,000 (6,000)
Net income attributable to Taitron Components Inc. $ 478,000 $ 281,000 $ 922,000 $ 743,000
Net income per share: Basic (in Dollars per share) $ 0.08 $ 0.05 $ 0.16 $ 0.13
Net income per share: Diluted (in Dollars per share) 0.08 0.05 0.16 0.13
Cash dividends declared per common share (in Dollars per share) $ 0.030 $ 0.025 $ 0.090 $ 0.075
Weighted average common shares outstanding: Basic (in Shares) 5,752,847 5,615,347 5,714,680 5,586,791
Weighted average common shares outstanding: Diluted (in Shares) 5,825,847 5,741,474 5,826,680 5,702,456
Net income $ 515,000 $ 279,000 $ 955,000 $ 737,000
Other comprehensive income:        
Foreign currency translation adjustment (100,000) (8,000) (85,000) (6,000)
Comprehensive income 415,000 271,000 870,000 731,000
Comprehensive income(loss) attributable to noncontrolling interests 9,000 (2,000) 4,000 (5,000)
Comprehensive income attributable to Taitron Components Inc. $ 406,000 $ 273,000 $ 866,000 $ 736,000