XML 54 R16.htm IDEA: XBRL DOCUMENT
v3.23.1

Long-Term Debt | 12 Months Ended
--- | ---
Dec. 31, 2022
Long-Term Debt [Abstract] |
Long-Term Debt |
| 9. | Long-Term Debt
The Company has entered into various loans with financial institutions. Long-term debt consisted of the following (in thousands):
|  | December 31, |
|  | 2022 |  |  | 2021 |
Term Loan |  | $ | 1,673 |  |  | $ | 2,136 |
Less current portion |  |  | (269 | ) |  |  | (293 | )
Long-term debt less current portion |  | $ | 1,404 |  |  | $ | 1,843 |
Term Loan In 2013, the Company entered into a term loan agreement with a financial institution for $4.1 million with a maturity date of November 26, 2028 (the “Term Loan”). The Term Loan bears a floating interest rate of the one-year savings account plus 0.43% per annum in the first two years and a floating interest rate of the one-year savings account plus 0.61% per annum for the remaining of the term, not to be lower than 1.8% during the entire term. The interest rate was equivalent to 1.95% as of December 31, 2022. The Term Loan is collateralized by a first position security interest in a floor of an office building owned by the Company in Taiwan. Aggregate maturities of long-term debt, excluding unamortized debt issuance costs, were as follows (in thousands) as of December 31, 2022:
2023 |  | $ | 269 |
2024 |  |  | 275 |
2025 |  |  | 280 |
2026 |  |  | 286 |
2027 |  |  | 291 |
Thereafter |  |  | 272 |
|  | $ | 1,673 |

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI https://asc.fasb.org/topic&trid=2208564 + Details
Name: | us-gaap_LongTermDebtTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration