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Note 5 - Cash, Cash Equivalents and Restricted Cash
 3 Months Ended
Mar. 31, 2024
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):

 

  

March 31,

  

December 31,

 

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2024

  

2023

 

Cash and cash equivalents

 $8,433  $45,366 

Restricted cash

  8,972   9,731 

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

 $17,405  $55,097 

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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  March 31, 2024 and December 31, 2023, there was $5.3 million and $6.5 million of restricted cash required for bank acceptance notes issued to vendors, respectively. In addition, there was $2.5 million and $2.5 million certificate of deposit associated with credit facilities with a bank in China as of  March 31, 2024 and December 31, 2023, respectively. There was $1.1 million and $0.7 million guarantee deposits for customs duties as of  March 31, 2024 and December 31, 2023, respectively.

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