4 – OTHER ASSETS

	June 30,		December 31,
	2017		2016
	(Unaudited)

Investment in securities - Zowie Technology	$	193,000	$	100,000
Investment in joint venture - Grand Shine Mgmt		274,000		347,000
Other		27,000		24,000
Other Assets	$	494,000	$	471,000

Our $193,000 investment in securities as of June 30, 2017 relates to our ownership of 1,322,552 common shares of Zowie Technology Corporation (New Taipei City, Taiwan), a supplier of electronic component products. Our investment relates to approximately 8.9% of their total outstanding shares although we do not have significant influence or control. This investment is accounted for under the cost method basis of accounting.

Our $274,000 investment in joint venture as of June 30, 2017, relates to our 49% ownership of Grand Shine Management Limited (Dong Guan, China), an electronic device contract manufacturer, and joint venture with its 51% owner, Teamforce Company Limited. This joint venture is not considered to be a “Variable Interest Entity”, and as such, is accounted for under the equity method basis of accounting. As of June 30, 2017 and December 31, 2016, we have recorded cumulative unrealized loss from the inception of our investment in Grand Shine Management of $902,000 and $829,000, respectively.