OTHER ASSETS

9 Months Ended

Sep. 30, 2021

Disclosure Text Block Supplement [Abstract]

Other Assets Disclosure [Text Block]

4 – 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 September 30, 2021	$	186,000	$	4,000	$	190,000

Our $186,000 investment in securities as of September 30, 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.