NET INCOME PER SHARE

12 Months Ended

Dec. 31, 2020

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

10 - NET INCOME PER SHARE

	Year ended December 31,
	2020		2019
Numerator for basic and diluted net income per Class A common stock and Class B common stock share:
Net income attributable to Taitron Components Inc.	$	1,359,000	$	773,000
Less cash dividends:
Class A common stock	$	730,000	$	620,000
Class B common stock	$	111,000	$	95,000
Total undistributed earnings	$	518,000	$	58,000
Class A common stock undistributed earnings - basic and diluted	$	450,000	$	50,000
Class B common stock undistributed earnings - basic and diluted	$	68,000	$	8,000
Total undistributed earnings - basic and diluted	$	518,000	$	58,000
Numerator for basic and diluted net income per share:
Class A common stock	$	1,180,000	$	670,000
Class B common stock	$	179,000	$	103,000
	$	1,359,000	$	773,000

	Year ended December 31,
	2020		2019
Denominator for basic and diluted net income per Class A common stock and Class B common stock share:
Weighted average number of common shares used in basic income per share (Class A common stock )		5,035,277		4,961,610
Weighted average number of common shares used in basic income per share (Class B common stock )		762,612		762,612
		5,797,889		5,724,222
Weighted average number of common shares used in diluted income per share (Class A common stock )		5,091,277		5,077,610
Weighted average number of common shares used in diluted income per share (Class B common stock )		762,612		762,612
		5,853,889		5,840,222
Basic net income per share:
Class A common stock	$	0.23	$	0.14
Class B common stock	$	0.23	$	0.14
Diluted net income per share:
Class A common stock	$	0.23	$	0.13
Class B common stock	$	0.23	$	0.14