Note 4 - Bank Acceptance Notes

12 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

NOTE

4—BANK

ACCEPTANCE NOTES

Customers in China

may

settle their accounts with bank acceptance notes, which are draft instruments that are guaranteed to be paid at maturity by the issuing bank. Upon receipt of the bank acceptance note, the Company can elect to hold the instrument until maturity and receive full face value, discount it with the bank for a fee, or transfer it at full face value to suppliers who will accept the note as settlement of the Company’s accounts payable balance with them.

Bank acceptance notes consists of the following:

	December 31, 2018			December 31, 2017
Balance as of beginning of period	$	904		$	3,360
Received from customers		—			1,985
Converted to cash		(888	)		(3,508	)
Paid to suppliers		—			(1,162	)
Foreign exchange impact		(16	)		229
Balance as of end of period	$	—		$	904