3 - OTHER ASSETS

9 Months Ended

Sep. 30, 2019

Disclosure Text Block Supplement [Abstract]

3 – OTHER ASSETS

	Investment in securities - Zowie Technology		Other		Other Assets Total

Balance at December 31, 2018	$	193,000	$	19,000	$	212,000
Investment		186,000		-		186,000
Balance at September 30, 2019	$	379,000	$	19,000	$	398,000

Our $379,000 investment in securities as of September 30, 2019 relates to the following investments in Zowie Technology (“ZT”), a supplier of electronic component products located in Taipei City, Taiwan R.O.C.:

(a)

$193,000 relates to 1,322,552 common shares of ZT and represents approximately 9% of their total outstanding shares although we do not have significant influence or control.

(b)

$186,000 relates to 317,428 shares of preferred convertible debt of ZT with our option after 3 (three) years to convert the investment into common stock or refundable bearing 7% annual interest rate.

Both investments in ZT are accounted for under the cost (plus impairment) basis of accounting.