Note E - Cash, Cash Equivalents and Restricted Cash

12 Months Ended

Dec. 31, 2022

Notes to Financial Statements

Cash and Cash Equivalents Disclosure [Text Block]

NOTE E—CASH, CASH EQUIVALENTS AND RESTRICTED CASH

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the balance sheet that sum to the total of the same such amounts in the statement of cash flows (in thousands):

	December 31,		December 31,
	2022		2021
Cash and cash equivalents	$	24,685	$	34,656
Restricted cash		10,902		6,480
Total cash, cash equivalents and restricted cash shown in the statement of cash flows	$	35,587	$	41,136

Restricted cash includes guarantee deposits for customs duties, China government subsidy fund, and compensating balances associated with certain credit facilities. As of December 31, 2022 and 2021, there was $8.7 million and $3.0 million of restricted cash required for bank acceptance notes issued to vendors, respectively. There was $1.1 million and $2.4 million certificate of deposit with original maturity of 90 days or less associated with credit facilities with a bank in China as of  December 31, 2022 and 2021 respectively. There was $1.0 million guarantee deposits for customs duties as of December 31, 2022 and December 31, 2021.