Note 5 - Cash, Cash Equivalents and Restricted Cash

6 Months Ended

Jun. 30, 2024

Notes to Financial Statements

Cash and Cash Equivalents Disclosure [Text Block]

Note 5.  Cash, Cash Equivalents and Restricted Cash

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

	June 30,		December 31,
	2024		2023
Cash and cash equivalents	$	10,653	$	45,366
Restricted cash		5,465		9,731
Total cash, cash equivalents and restricted cash shown in the statement of cash flows	$	16,118	$	55,097

Restricted cash includes guarantee deposits for customs duties, China government subsidy fund, and compensating balances associated with certain credit facilities. As of  June 30, 2024 and December 31, 2023, there were $2.3 million and $6.5 million of restricted cash required for bank acceptance notes issued to vendors, respectively. In addition, there were $2.5 million in certificates of deposit associated with credit facilities with a bank in China as of  June 30, 2024 and December 31, 2023. There were $0.7 million guarantee deposits for customs duties as of  June 30, 2024 and December 31, 2023.