Note 2 - Cash, Cash Equivalents and Short Term Investments

12 Months Ended

Dec. 31, 2016

Cash and Cash Equivalents Disclosure [Text Block]

2—CASH

EQUIVALENTS AND SHORT TERM INVESTMENTS

Cash and cash equivalents and short-term investments are comprised of the following:

	December 31,
	2016		2015
Total cash and cash equivalents		21,989		13,578
Short term investments		-		1,000
Total cash and cash equivalents, and short term investments		21,989		14,578

Short-term investments are comprised of money market funds. The aggregate fair value of the short-term investments is consistent with their book value. In

2015,

short-term investments comprise

€1.0

million pledged in favour of the bank as collateral to a

€1.0

million short-term loan. See Note

13.

- Definition

The entire disclosure for cash and cash equivalent footnotes, which may include the types of deposits and money market instruments, applicable carrying amounts, restricted amounts and compensating balance arrangements. Cash and equivalents include: (1) currency on hand (2) demand deposits with banks or financial institutions (3) other kinds of accounts that have the general characteristics of demand deposits (4) short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Generally, only investments maturing within three months from the date of acquisition qualify.

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