Prepaid Expenses and Other Current Assets

12 Months Ended

Dec. 31, 2014

Prepaid Expenses and Other Current Assets [Abstract]

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Table Text Block]

6.  Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consist of the following:

(in thousands)	December 31,
	2014		2013
Prepaid expenses	$	539	$	630
Deferred income taxes- current		27		13
Value added tax receivable		533		409
Receivable from sale of 49% stake in GSE-UNIS		-		1,183
Other current assets		604		1,464
Total	$	1,703	$	3,699

Prepaid expenses and other current assets consist of the following:

(in thousands)	December 31,
	2014		2013
Prepaid expenses	$	539	$	630
Deferred income taxes- current		27		13
Value added tax receivable		533		409
Receivable from sale of 49% stake in GSE-UNIS		-		1,183
Other current assets		604		1,464
Total	$	1,703	$	3,699

In 2013, the Company agreed to sell its 49% stake in GSE-UNIS Simulation Technology Co., Ltd ("GSE-UNIS") to its partner, Beijing Unis Venture Capital Co., Ltd. and terminate the joint venture agreement as of July 31, 2013. The sales price was basically equivalent to the Company's investment in GSE-UNIS as of the closing date.