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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2021
Accounting Policies [Abstract]  
Disaggregation of Revenue [Table Text Block]

In the following table, revenue is disaggregated by primary geographical market, major product line, and timing of revenue recognition.

 

   

Twelve Months Ended December 31,

 
   

2021

   

2020

 

Primary geographical markets:

               

United States

  $ 7,731,000     $ 5,955,000  

Asia

    880,000       722,000  

Other

    32,000       19,000  
      8,643,000       6,696,000  

Major product lines:

               

ODM projects

  $ 5,462,000     $ 3,936,000  

ODM components

    2,972,000       2,552,000  

Distribution components

    209,000       208,000  
      8,643,000       6,696,000  

Timing of revenue recognition:

               

Products transferred at a point in time

  $ 8,643,000     $ 6,696,000  

 

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

The following tables presents assets (liabilities) measured at fair value on a recurring basis:

 

   

As of December 31, 2021

 
   

Level 1

   

Level 2

   

Level 3

   

Total

 

Certificates of deposit

  $ -     $ 1,244,000     $ -     $ 1,244,000  

Short-term investments

    1,566,000       -       -       1,566,000  
    $ 1,566,000     $ 1,244,000     $ -     $ 2,810,000  

 

   

As of December 31, 2020

 
   

Level 1

   

Level 2

   

Level 3

   

Total

 

Certificates of deposit

  $ 1,241,000     $ -     $ -     $ 1,241,000  
    $ 1,241,000     $ -     $ -     $ 1,241,000