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Note 7 - Notes Payable - Summary of Notes Payable (Details) - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Notes Payable - Financing notes $ 473
Ending balance 473 5,304
First Insurance Funding [Member] | Financing Note [Member]    
Notes Payable - Financing notes [1] 473
Convertible Debt [Member]    
Acquisition Note Payable - related party [2] $ 5,304
[1] Two notes payable for $358 thousand and $374 thousand to First Insurance Funding were executed in July and November 2019 by CUI Global for the purpose of financing a portion of the Company's insurance coverage. Note 1 has an annual percentage rate of 4.83% with eight monthly payments of approximately $46 thousand and will be paid off by March 1, 2020 and Note 2 has an annual percentage rate of 4.85% with ten monthly payments of approximately $38 thousand and will be paid off by September 1, 2020 .
[2] The note payable to International Electronic Devices, Inc. (formerly CUI, Inc.) is associated with the acquisition of CUI, Inc. The promissory note was due May 15, 2020 and included a 5% interest rate per annum, with interest payable monthly and the principal due as a balloon payment at maturity. The note included a contingent conversion feature, such that in the event of default on the note the holder of the note could, at the holder's option, convert the note principal into common stock at $0.001 per share. Upon the sale of the Company's electromechanical components business on September 30, 2019, the buyer also assumed the $5.3 million related party note payable as partial payment.