Note 3. Changes in Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2018

Disclosure Text Block [Abstract]

Schedule of impacts of accounting changes

The following tables summarize the impacts of adopting Topic 606 on the Company’s consolidated financial statements for year ended December 31, 2018:

CONDENSED CONSOLIDATED BALANCE SHEETS
Impact of changes in accounting policies
			Balances
			without
			adoption of
December 31, 2018	As reported	Adjustments	Topic 606
Cash and cash equivalents	$   8,365	$            -	$ 8,365
Restricted cash	220	-	220
Contract revenue in excess of billings	3,484	(1,130)	2,354
Inventories, net	3,072	712	3,784
Others	12,020	-	12,020
Total assets	27,161	(418)	26,743
Billings in excess of contract revenue	5,959	44	6,003
Others	13,198	-	13,198
Total liabilities	19,157	44	19,201
Accumulated deficit	(42,778)	(462)	(43,240)
Others	50,782		50,782
Total stockholders’ equity	8,004	(462)	7,542
Total liabilities and stockholders’ equity	$ 27,161	$     (418)	$ 26,743

			Balances
			without
			adoption of
For the year ended December 31, 2018	As reported	Adjustments	Topic 606
Sales	$ 37,193	$     432	$ 37,625
Cost of sales	(23,469)	(211)	(23,680)
Selling, general and administrative	(6,561)	-	(6,561)
Income tax expense	(21)	-	(21)
Others	(3,395)	-	(3,395)
Net income	$  3,747	$     221	$ 3,968

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
Impact of changes in accounting policies
			Balances
			without
			adoption of
For the year ended December 31, 2018	As reported	Adjustments	Topic 606
Net income	$ 3,747	$ 221	$ 3,968
Adjustments to reconcile net income to
net cash used in operating activities:
Other	1,057	-	1,057
Changes in:
Inventories	(449)	211	(238)
Contract revenue in excess of billings	33	1,130	1,163
Billings in excess of contract revenue	(306)	(1,562)	(1,868)
Other	(353)	-	(353)
Net cash from operating activities	3,729	-	3,729
Net cash from investing activities	(101)	-	(101)
Net cash from financing activities	$ (631)	$ -	$ (631)