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Consolidated Statements of Operations and Comprehensive Income - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Net product revenue $ 6,696,000 $ 6,783,000
Cost of products sold 3,415,000 3,707,000
Gross profit 3,281,000 3,076,000
Selling, general and administrative expenses 2,227,000 2,378,000
Operating income 1,054,000 698,000
Interest income, net 37,000 28,000
Loss on investments 0 (193,000)
Other income, net 272,000 273,000
Income before income taxes 1,363,000 806,000
Income tax provision (4,000) 0
Net income 1,359,000 806,000
Other comprehensive income:    
Foreign currency translation adjustment (104,000) (90,000)
Comprehensive income 1,255,000 716,000
Comprehensive income(loss) attributable to noncontrolling interests (100,000) 4,000
Comprehensive income attributable to Taitron Components Inc. 1,355,000 712,000
Net income attributable to noncontrolling interests 0 33,000
Net income attributable to Taitron Components Inc. $ 1,359,000 $ 773,000
Weighted average shares outstanding: Basic (in Shares) 5,797,889 5,724,222
Weighted average shares outstanding: Diluted (in Shares) 5,853,889 5,840,222
Cash dividends declared per common share (in Dollars per share) $ 0.145 $ 0.125
Common Class A [Member]    
Other comprehensive income:    
Net income per share: Basic (in Dollars per share) 0.23 0.14
Net income per share: Diluted (in Dollars per share) $ 0.23 $ 0.13
Weighted average shares outstanding: Basic (in Shares) 5,035,277 4,961,610
Weighted average shares outstanding: Diluted (in Shares) 5,091,277 5,077,610
Common Class B [Member]    
Other comprehensive income:    
Net income per share: Basic (in Dollars per share) $ 0.23 $ 0.14
Net income per share: Diluted (in Dollars per share) $ 0.23 $ 0.14
Weighted average shares outstanding: Basic (in Shares) 762,612 762,612
Weighted average shares outstanding: Diluted (in Shares) 762,612 762,612