Note 3 - Cash and Cash Equivalents |
3 Months Ended | ||
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Mar. 31, 2018 | |||
| Notes to Financial Statements | |||
| Cash and Cash Equivalents Disclosure [Text Block] |
Cash and cash equivalents consists of cash of
$1.169 million ( December
31, 2017 - $3.225 million) and a banker’s acceptance, a short-term treasury bill with original maturity of three months, and funds deposited into high interest savings accounts totaling $14.239 million ( December
31, 2017 - $7.406 million). |
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- Definition The entire disclosure for cash and cash equivalent footnotes, which may include the types of deposits and money market instruments, applicable carrying amounts, restricted amounts and compensating balance arrangements. Cash and equivalents include: (1) currency on hand (2) demand deposits with banks or financial institutions (3) other kinds of accounts that have the general characteristics of demand deposits (4) short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Generally, only investments maturing within three months from the date of acquisition qualify. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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