3 – OTHER ASSETS

	June 30,		December 31,
	2018		2017
	(Unaudited)

Investment in securities - Zowie Technology	$	193,000	$	193,000
Investment in joint venture - Grand Shine Mgmt		50,000		185,000
Other		15,000		25,000
Other Assets	$	258,000	$	403,000

Our $193,000 investment in securities as of June 30, 2018 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 $50,000 investment in joint venture as of June 30, 2018, 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. Our investment is accounted for under the equity method basis of accounting. As of June 30, 2018 and December 31, 2017, we have recorded our 49% share of cumulative unrealized losses from the inception of our investment in Grand Shine Management of $1,126,000 and $991,000, respectively.