Note 7 - Prepaid Expenses and Other Current Assets

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Prepaid Expenses And Other Current Assets [Text Block]

7. PREPAID EXPENSES AND OTHER CURRENT ASSETS

(In Thousands)

	December 31
	2021		2020
Prepaid expenses	$	712	$	724
Other receivable (Note 11)		514		1,482
VAT refunds receivable		509		1
Payment in advance		269		216
Interest receivable		55		101
Other		28		24
Total	$	2,087	$	2,548

In the fourth quarter of 2020, the Company purchased raw materials from foundry suppliers on behalf of Big Moment Hong Kong Limited (“BMT HK”), an affiliate of Dashun Technology Limited (“Dashun”) and collected the related amounts from BMT HK accordingly. $1,132,000 and $629,000 were recorded as other receivables and other payables, respectively, as of December 31, 2020, while $287,000 and $218,000 were recorded as other receivables and other payables, respectively, as of December 31, 2021. Please refer to Note 11 for the streamline activities with Dashun.