Note 2 - Investment Write-down

6 Months Ended

Jun. 30, 2017

Notes to Financial Statements

Cost-method Investments, Description [Text Block]

2. Investment Write-down – In the quarter ended March 31, 2016, we recorded an impairment charge of $700,000 to reduce the carrying value of our minority equity ownership in Lumense, Inc., an early stage sensor technology company, to $50,000. Subsequently, in the quarter ended June 30, 2016, we recorded an additional impairment charge of $50,000 to fully write-down our minority equity ownership in Lumense, Inc. to zero . Given Lumense has no reasonable prospects to fund its operations and product development, we believe a full write-down was prudent and required.   In the quarter ended June 30, 2017, we recorded an impairment charge of $90,000 to reduce the carrying value of our minority equity ownership in Final, Inc., a privately-held technology company in the FinTech industry. During the quarter ended June 30, 2017, Final closed on a Series A preferred stock financing with higher preference to our Series Seed preferred stock which resulted in substantial dilution to our investment. As such, we felt a ninety percent write-down was warranted.