Note 17 - Notes Payable

3 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Debt Disclosure [Text Block]

17.

NOTES PAYABLE

Notes payable is summarized as follows:

(in thousands)	As of March 31, 2019		As of December 31, 2018
Acquisition Note Payable - related party (1)	$	5,304	$	5,304

( 1 ) The note payable to International Electronic Devices, Inc. (formerly CUI, Inc.) is associated with the acquisition of CUI, Inc. The promissory note is due May 15, 2020 and includes a 5% interest rate per annum, with interest payable monthly and the principal due as a balloon payment at maturity. The note contains a contingent conversion feature, such that in the event of default on the note the holder of the note can, at the holder’s option, convert the note principal into common stock at $0.001 per share. As of March  31, 2019, the Company is in compliance with all terms of this promissory note and the conversion feature is not effective.