NET INCOME PER SHARE

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

10 - NET INCOME PER SHARE

	Year ended December 31,
	2023		2022
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.	$	1,845,000	$	3,208,000
Less cash dividends:
Class A common stock	$	1,049,000	$	1,492,000
Class B common stock	$	152,000	$	217,000
Total undistributed earnings	$	644,000	$	1,499,000
Class A common stock undistributed earnings - basic and diluted	$	562,000	$	1,308,000
Class B common stock undistributed earnings - basic and diluted	$	82,000	$	191,000
Total undistributed earnings - basic and diluted	$	644,000	$	1,499,000
Numerator for basic and diluted net income per share:
Class A common stock	$	1,611,000	$	2,800,000
Class B common stock	$	234,000	$	408,000
	$	1,845,000	$	3,208,000

	Year ended December 31,
	2023		2022
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 )		5,242,665		5,233,568
Weighted average number of common shares used in basic income per share (Class B common stock )		762,612		762,612
		6,005,277		5,996,180
Weighted average number of common shares used in diluted income per share (Class A common stock )		5,267,665		5,272,568
Weighted average number of common shares used in diluted income per share (Class B common stock )		762,612		762,612
		6,030,277		6,035,180
Basic net income per share:
Class A common stock	$	0.31	$	0.54
Class B common stock	$	0.31	$	0.54
Diluted net income per share:
Class A common stock	$	0.31	$	0.53
Class B common stock	$	0.31	$	0.54