Consolidated Balance Sheets - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 6,652,000	$ 5,313,000
Accounts receivable, less allowances of $7,000, and $19,000 respectively	639,000	1,022,000
Inventories, less reserves for obsolescence of $4,759,000, and $5,893,000, respectively (Note 2)	3,518,000	3,588,000
Prepaid expenses and other current assets	46,000	85,000
Total current assets	10,855,000	10,008,000
Property and equipment, net	3,217,000	3,386,000
Other assets (Note 3)	189,000	205,000
Total assets	14,261,000	13,599,000
Current liabilities:
Accounts payable	410,000	462,000
Accrued liabilities	446,000	322,000
Total current liabilities	856,000	784,000
Long-term debt (Note 4)	163,000	0
Total liabilities	1,019,000	784,000
Commitments and contingencies (Note 6)
Shareholders' equity:
Preferred stock, $0.001 par value. Authorized 5,000,000 shares; None issued or outstanding	0	0
Additional paid-in capital	11,071,000	10,959,000
Accumulated other comprehensive income	(66,000)	38,000
Retained earnings	2,231,000	1,712,000
Total shareholders’ equity - Taitron Components Inc.	13,242,000	12,715,000
Noncontrolling interest in subsidiary	0	100,000
Total equity	13,242,000	12,815,000
Total liabilities and equity	14,261,000	13,599,000
Common Class A [Member]
Shareholders' equity:
Common Stock, value, issued	5,000	5,000
Common Class B [Member]
Shareholders' equity:
Common Stock, value, issued	$ 1,000	$ 1,000