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RELATED PARTY TRANSACTIONS | 12 Months Ended
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Dec. 31, 2019
Related Party Transactions [Abstract] |
Related Party Transactions Disclosure [Text Block] | 6 - RELATED PARTY TRANSACTIONS We received professional services and had credit available (See also Note 5) from K.S. Best International Co. Ltd., a company controlled by the brother of our Chief Executive Officer. For their professional services, we paid $0 and $24,000 for 2019 and 2018, respectively, in fees related to the operational management of our Taiwan office. In addition, we made payments of $0 and $9,000 during 2019 and 2018, respectively, for interest expense incurred on our outstanding borrowings (See also Note 5). We purchase electronic component products from Princeton Technology Corporation (“PTC”), a company controlled by Mr. Richard Chiang, one of the directors on our board. During the years ended December 31, 2019 and 2018, we purchased products in the amount of $7,000 and $5,000, respectively, from PTC. All of these purchases were for products we carry in inventory and we consider these purchases to be in the normal course of business and negotiated on an arm’s length basis. We have also entered into a distributor agreement with PTC, and accordingly, we expect to continue purchasing from PTC in the future.

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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -URI http://asc.fasb.org/topic&trid=2122745 + Details
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