Note 11 - Other Assets

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Other Assets Disclosure [Text Block]

11. OTHER ASSETS

(In Thousands)

	December 31
	2016		2015 As Adjusted (note 2)
Deferred charges	$	867	$	1,060
Land use rights		724		743
Refundable deposits		443		483
Deferred income tax assets – noncurrent		184		229
	$	2,218	$	2,515

Deferred charges are advanced payments for consulting, maintenance, and engineering license contracts and are amortized over the terms of the contracts from

2

to

5

years. Amortization expense of the deferred charges for the years ended

December

31,

2016,

2015,

and

2014,

was approximately

$560,000,

$688,000,

and

$1,142,000,

respectively.

As a result of dissolution activities of the Intelligent Power Group, loss on asset write-off of

$58,000

on deferred charges was incurred for the year ended

December

31,

2014.

Please see discussions in note

3.

All land within municipal zones in China is owned by the government. Limited liability companies, joint stock companies, foreign-invested enterprises, privately held companies and individual natural persons must pay fees for granting of rights to use land within municipal zones. Legal use of land is evidenced and sanctioned by land use certificates issued by the local municipal administration of land resources. Land use rights granted for industrial purposes are limited to a term of no more than

50

years.

Land use rights are recorded at cost less accumulated amortization. Amortization is provided on a straight-line basis over the term of the land use rights agreement which is

49.7

years. Amortization expense of the land use rights for the years ended

December

31,

2016,

2015,

and

2014,

was approximately

$19,000,

$28,000,

and

$28,000,

respectively.