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OTHER ASSETS
3 Months Ended
Mar. 31, 2021
Disclosure Text Block Supplement [Abstract]  
Other Assets Disclosure [Text Block]

3 OTHER ASSETS


   

Investment in securities - Zowie Technology

   

Other

   

Other Assets Total

 
                         

Balance at December 31, 2020

  $ 186,000     $ 3,000     $ 189,000  

Other changes

    -       1,000       1,000  

Balance at March 31, 2021

  $ 186,000     $ 4,000     $ 190,000  

Our $186,000 investment in securities as of March 31, 2021 relates to 317,428 shares of preferred convertible debt of Zowie Technology Corporation (Taipei Hsien, Taiwan), a supplier of electronic component products, with our option after three (3) years to convert into common stock or refundable bearing 7% annual interest rate. Our investment represents approximately 7.9% of their total outstanding shares, although we do not have significant influence or control. This investment is accounted for under the cost (plus impairment) basis of accounting, however when facts and circumstances indicate that the carrying value of this asset may not be recoverable, we recognize an impairment loss. The impairment loss recognized is the amount by which the carrying amount exceeds the estimated fair value.