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Note 5 - Cash, Cash Equivalents and Restricted Cash
 9 Months Ended
Sep. 30, 2023
Notes to Financial Statements  
Cash and Cash Equivalents Disclosure [Text Block]

Note 5.  Cash, Cash Equivalents and Restricted Cash

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The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the statement of financial position that sum to the total of the same such amounts in the statement of cash flows (in thousands):

 

   

September 30,

    

December 31,

  

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2023

    

2022

  

Cash and cash equivalents

   $ 21,940     $ 24,685  

Restricted cash

     9,301       10,902  

Total cash, cash equivalents and restricted cash shown in the statement of cash flows

   $ 31,241     $ 35,587  

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Restricted cash includes guarantee deposits for customs duties, China government subsidy fund, and compensating balances associated with certain credit facilities. As of September 30, 2023 and December 31, 2022, there was $6.2 million and $8.7 million of restricted cash required for bank acceptance notes issued to vendors, respectively. In addition, there was $2.5 million and $1.1 million certificate of deposit associated with credit facilities with a bank in China as of September 30, 2023 and December 31, 2022, respectively. There was $0.7 million and $1.0 million guarantee deposits for customs duties as of  September 30, 2023 and December 31, 2022, respectively.

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