Note 14 - Foreign Revenues and Operations

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Additional Financial Information Disclosure [Text Block]

14. FOREIGN Revenues AND OPERATIONS

Foreign revenues are based on the location of the customer. Revenues from customers associated with continuing operations by geographic areas for the years ended

December

31,

2016

and

2015

are as follows:

Year ended December 31, (in thousands)	201 6		201 5
Foreign Countries:
European Union	$	2,383	$	128
Other		--		4
Subtotal		2,383		132
United States		5,795		4,650
Total	$	8,178	$	4,782

In

2003,

we established a subsidiary of CoreCard Software in Romania for software development and testing activities. In

2006,

we established a subsidiary in India for additional software development and testing activities as well as support for processing operations. With the exception of a facility in India which was acquired in

2007

to house our India-based employees and which had a net book value of

$183,000

and

$191,000

at

December

31,

2016

and

2015,

respectively, substantially all long-lived assets are in the United States.

At

December

31,

2016

and

2015,

continuing operations of foreign subsidiaries had assets of

$648,000

and

$501,000,

respectively, and total liabilities of

$526,000

and

$435,000,

respectively. The majority of these assets and liabilities are in India. There are no currency exchange restrictions related to our foreign subsidiaries that would affect our financial position or results of operations. Refer to Note

1

for a discussion regarding how we account for translation of non-U.S. currency amounts.