Note E - Cash, Cash Equivalents and Restricted Cash

12 Months Ended

Dec. 31, 2024

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,
	2024		2023
Cash and cash equivalents	$	67,428	$	45,366
Restricted cash		11,705		9,731
Total cash, cash equivalents and restricted cash shown in the statement of cash flows	$	79,133	$	55,097

Restricted cash includes guarantee deposits for customs duties, China government subsidy fund, and deposits as collateral in order to secure bank acceptance notes issued to vendors, see Note K for details. As of December 31, 2024 and 2023, there was $8.5 million and $6.5 million of restricted cash required for bank acceptance notes issued to vendors, respectively. There were both $2.5 million certificates of deposit with original maturity of 90 days or less associated with credit facilities with a bank in China as of  December 31, 2024 and 2023. There were both $0.7 million guarantee deposits for customs duties as of December 31, 2024 and December 31, 2023.