4 - OTHER ASSETS

The following table presents a summary roll-forward of other assets:

	Investment in securities - Zowie Technology		Investment in joint venture - Grand Shine Mgmt			Other			Other Assets Total

Balance at December 31, 2016	$	100,000	$	347,000		$	24,000		$	471,000
Investment		93,000		-			-			93,000
Net investment losses during the year		-		(162,000	)		-			(162,000	)
Other changes		-		-			1,000			1,000
Balance at December 31, 2017		193,000		185,000			25,000			403,000
Net investment losses during the year		-		(185,000	)		-			(185,000	)
Other changes		-		-			(6,000	)		(6,000	)
Balance at December 31, 2018	$	193,000	$	-		$	19,000		$	212,000

Our $193,000 investment in securities as of December 31, 2018 relates to our ownership of 1,322,552 common shares of Zowie Technology Corporation (Taipei Hsien, Taiwan), a supplier of electronic component products (see Part I: Item 1 – Business – Suppliers). Our investment represents approximately 7.9% 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, however when facts and circumstances indicate that the carrying value of this asset may not be recoverable, we recognize an impairment loss. The impairment loss recognized is the amount by which the carrying amount exceeds the estimated fair value.

In 2018, we sold our interests in Grand Shine Management.