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Note 15 - Foreign Revenues and Operations
 12 Months Ended
Dec. 31, 2017
Notes to Financial Statements  
Additional Financial Information Disclosure [Text Block]
15.
FOREIGN Revenues AND OPERATIONS
 
Foreign revenues are based on the location of the customer. Revenues from customers by geographic areas for the years ended
December 31,
201
7
and
2016
are as follows:
 
Year ended December 31,
(in thousands)
  
2017
    
2016
  
European Union
   $
2,535
     $
2,383
  
United States
    
6,767
      
5,795
  
Total
   $
9,302
     $
8,178
  
 
In
2003,
we established a subsidiary of CoreCard Software in Romania for software development and testing activities. In
2006
, we established a subsidiary in India for additional software development and testing activities as well as support for processing operations. With the exception of a facility in India which was acquired in
2007
to house our India-based employees and which had a net book value of
$176,000
and
$183,000
at
December 31, 2017
and
2016,
respectively, substantially all long-lived assets are in the United States.
 
At
December 31,
201
7
and
2016,
continuing operations of foreign subsidiaries had assets of
$589,000
and
$648,000,
respectively, and total liabilities of
$675,000
and
$526,000,
respectively. The majority of these assets and liabilities are in India. There are
no
currency exchange restrictions related to our foreign subsidiaries that would affect our financial position or results of operations. Refer to Note
1
for a discussion regarding how we account for translation of non-U.S. currency amounts.