Note 14 - Foreign Revenues and Operations

12 Months Ended

Dec. 31, 2012

Additional Financial Information Disclosure [Text Block]

14.    FOREIGN REVENUES AND OPERATIONS

Foreign revenues are based on the location of the customer. For continuing operations, revenues from customers by geographic areas for the years ended December 31, 2012 and 2011 are as follows:

Year ended December 31,
(in thousands)	2012		2011
Foreign Countries:
United Kingdom	$	1,154	$	1,352
Pacific Rim *		562		483
Canada		518		418
Brazil		25		79
Other		54		43
Subtotal		2,313		2,375
United States		14,217		13,949
Total	$	16,530	$	16,324

* Includes Australia, New Zealand, Japan and Singapore

In 2003, we established a subsidiary of CoreCard Software in Romania for software development and testing activities.  In 2006 we established a subsidiary in India for additional software development and testing activities. With the exception of a facility in India which was acquired in 2007 to house our India-based employees and which had a net book value of $460,000 and $479,000 at December 31, 2012 and 2011, respectively, substantially all long-lived assets are in the United States.

At December 31, 2012 and 2011, continuing operations of foreign subsidiaries had assets of $518,000 and $593,000, respectively, and total liabilities of $234,000 and $129,000, respectively.  The majority of these assets and liabilities are in India.  There are no currency exchange restrictions related to our foreign subsidiaries that would affect our financial position or results of operations.  Refer to Note 1 for a discussion regarding how we account for translation of non-U.S. currency amounts.