ClearOne (CLRO) 10-Q 14 Nov 19 2019 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2019	Nov. 14, 2019
Document Information [Line Items]
Entity Registrant Name	CLEARONE INC
Entity Central Index Key	0000840715
Trading Symbol	clro
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Current Reporting Status	Yes
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Common Stock, Shares Outstanding (in shares)		16,646,323
Entity Shell Company	false
Document Type	10-Q
Document Period End Date	Sep. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Amendment Flag	false
Title of 12(b) Security	Common Stock ($0.001 par value)

Unaudited Condensed Consolidate

Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 2,010	$ 11,211
Marketable securities	1,640	951
Receivables, net of allowance for doubtful accounts of $709 and $631, respectively	6,319	6,782
Inventories, net	11,689	13,228
Prepaid expenses and other assets	5,638	2,193
Total current assets	27,296	34,365
Long-term marketable securities	2,243	3,764
Long-term inventories, net	7,143	8,953
Property and equipment, net	1,099	1,388
Operating lease - right of use assets, net	2,547
Intangibles, net	12,609	10,249
Other assets	197	196
Total assets	53,134	58,915
Current liabilities:
Accounts payable	1,735	3,729
Accrued liabilities	2,864	1,996
Deferred product revenue	227	283
Total current liabilities	4,826	6,008
Deferred rent		135
Operating lease liability	2,129
Other long-term liabilities	195	571
Total liabilities	7,150	6,714
Shareholders' equity:
Common stock, par value $0.001, 50,000,000 shares authorized, 16,646,323 and 16,630,597 shares issued and outstanding	17	17
Additional paid-in capital	58,037	57,840
Accumulated other comprehensive loss	(172)	(181)
Accumulated deficit	(11,898)	(5,475)
Total shareholders' equity	45,984	52,201
Total liabilities and shareholders' equity	$ 53,134	$ 58,915

Unaudited Condensed Consolida_2

Unaudited Condensed Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Allowance for doubtful accounts	$ 709	$ 631
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	50,000,000	50,000,000
Common stock, shares issued (in shares)	16,646,323	16,630,597
Common stock, shares outstanding (in shares)	16,646,323	16,630,597

Unaudited Condensed Consolida_3

Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Revenue	$ 5,992	$ 6,683	$ 18,717	$ 20,943
Cost of goods sold	3,455	3,703	10,537	10,614
Gross profit	2,537	2,980	8,180	10,329
Operating expenses:
Sales and marketing	1,907	2,168	6,121	7,796
Research and product development	1,428	1,781	4,322	5,757
General and administrative	1,300	1,341	4,330	4,500
Total operating expenses	4,635	5,290	14,773	18,053
Operating loss	(2,098)	(2,310)	(6,593)	(7,724)
Other income, net	142	5	235	78
Loss before income taxes	(1,956)	(2,305)	(6,358)	(7,646)
Provision for (benefit from) income taxes	20	7,837	65	6,505
Net loss	$ (1,976)	$ (10,142)	$ (6,423)	$ (14,151)
Basic weighted average shares outstanding (in shares)	16,646,323	8,306,707	16,635,954	8,304,974
Diluted weighted average shares outstanding (in shares)	16,646,323	8,306,707	16,635,954	8,304,974
Basic loss per share (in dollars per share)	$ (0.12)	$ (1.22)	$ (0.39)	$ (1.70)
Diluted loss per share (in dollars per share)	$ (0.12)	$ (1.22)	$ (0.39)	$ (1.70)
Comprehensive loss:
Net loss	$ (1,976)	$ (10,142)	$ (6,423)	$ (14,151)
Unrealized gain (loss) on available-for-sale securities, net of tax	(78)	(22)	76	(93)
Change in foreign currency translation adjustment	(50)	(13)	(67)	(51)
Comprehensive loss	$ (2,104)	$ (10,177)	$ (6,414)	$ (14,295)

Unaudited Condensed Consolida_4

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Cash flows from operating activities:
Net loss	$ (6,423)	$ (14,151)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization expense	1,449	1,169
Amortization of right-of-use assets	419
Amortization of deferred rent		(29)
Stock-based compensation expense	177	379
Provision for doubtful accounts, net	78	112
Change of inventory to net realizable value	537	471
Deferred income taxes		6,531
Changes in operating assets and liabilities:
Receivables	368	2,458
Inventories	2,812	1,087
Prepaid expenses and other assets	(4,186)	(369)
Accounts payable	(1,994)	(758)
Accrued liabilities	863	(112)
Income taxes payable	359	(364)
Deferred product revenue	(56)	(44)
Operating lease liabilities	(973)
Other long-term liabilities		39
Net cash used in operating activities	(6,570)	(3,581)
Cash flows from investing activities:
Purchase of property and equipment	(106)	(281)
Purchase of intangibles	(43)	(94)
Capitalized patent defense costs	(3,371)	(3,573)
Proceeds from maturities and sales of marketable securities	9,823	7,502
Purchases of marketable securities	(8,913)	(2,284)
Net cash provided by (used in) investing activities	(2,610)	1,270
Cash flows from financing activities:
Net proceeds from equity-based compensation programs	20	32
Dividend payments		(583)
Repurchase and cancellation of stock		(147)
Net cash provided by (used in) financing activities	20	(698)
Effect of exchange rate changes on cash and cash equivalents	(41)	(40)
Net decrease in cash and cash equivalents	(9,201)	(3,049)
Cash and cash equivalents at the beginning of the period	11,211	5,571
Cash and cash equivalents at the end of the period	2,010	2,522
Cash paid for income taxes	$ 1	$ 11

Note 1 - Business Description,

Note 1 - Business Description, Basis of Presentation and Significant Accounting Policies	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block]	1. Business Description: ClearOne, Inc., together with its subsidiaries (collectively, “ClearOne” or the “Company”), is a global market leader enabling conferencing, collaboration, and AV streaming solutions for voice and visual communications. The performance and simplicity of our advanced, comprehensive solutions offer unprecedented levels of functionality, reliability and scalability. Basis of Presentation: The fiscal year for ClearOne is the twelve December 31. These accompanying interim unaudited condensed consolidated financial statements have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) and are not September 30, 2019 December 31, 2018, three nine September 30, 2019 2018, nine September 30, 2019 2018. three nine September 30, 2019 2018 not 10 December 31, 2018 Significant Accounting Policies: The significant accounting policies were described in Note 1 10 December 31, 2018. no nine September 30, 2019 Recent accounting standard related to leases: February 2016, 2016 02, 2016 02” 12 2016 02 December 15, 2018, July 2018, No. 2018 11 2016 02 January 1, 2019, first 2019, not $2,966 $3,101 $135 not Accounting policy related to leases: 842 September 30, 2019 December 31, 2018, not ROU assets represent our right to use an underlying asset for the lease term and operating lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease ROU assets and operating lease liabilities are recognized at the commencement date based on the present value of lease payments over the lease term. As most of our leases do not may Under the available practical expedient, we account for the lease and non-lease components as a single lease component. Other recent accounting pronouncements: not Liquidity: As of September 30, 2019, $2,010 $11,211 December 31, 2018. $22,470 September 30, 2019. $6,570 nine September 30, 2019, $2,989 $3,581 nine September 30, 2018. We are currently pursuing all available legal remedies to defend our strategic patents from infringement. We have already spent approximately $11,877 2016 September 30, 2019 may August No. 9,813,806 We have been actively engaged in preserving cash by suspending our dividend program, allowing our share repurchase program to expire and implementing company-wide cost reduction measures. In addition, we expect to generate additional cash as our inventory levels are brought down to historical levels. We also believe that the measures taken by us will yield higher revenues in the future. We believe all of these and effective management of working capital will provide the liquidity needed to meet our operating needs through at least November 15, 2020. no may

Note 2 - Revenue Information

Note 2 - Revenue Information	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	2. The following table disaggregates the Company’s revenue into primary product groups: Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 Audio conferencing $ 2,920 $ 3,433 $ 8,520 $ 10,686 Microphones 2,189 2,124 6,525 6,689 Video products 883 1,126 3,672 3,568 $ 5,992 $ 6,683 $ 18,717 $ 20,943 The following table disaggregates the Company’s revenue into major regions: Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 North and South America $ 3,235 $ 4,082 $ 10,488 $ 12,538 Asia (including Middle East) and Australia 1,931 1,693 5,764 5,592 Europe and Africa 826 908 2,465 2,813 $ 5,992 $ 6,683 $ 18,717 $ 20,943

Note 3 - Earnings (Loss) Per Sh

Note 3 - Earnings (Loss) Per Share	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Earnings Per Share [Text Block]	3. Earnings (loss) per common share is computed based on the weighted-average number of common shares outstanding and, when appropriate, dilutive potential common stock outstanding during the period. Stock options are considered to be potential common stock. The computation of diluted earnings (loss) per share does not Basic earnings (loss) per common share is the amount of net earnings (loss) for the period available to each weighted-average share of common stock outstanding during the reporting period. Diluted earnings (loss) per common share is the amount of earnings (loss) for the period available to each weighted-average share of common stock outstanding during the reporting period and to each share of potential common stock outstanding during the period, unless inclusion of potential common stock would have an anti-dilutive effect. The following table sets forth the computation of basic and diluted earnings (loss) per common share: Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 Numerator: Net loss $ (1,976 ) $ (10,142 ) $ (6,423 ) $ (14,151 ) Denominator: Basic weighted average shares outstanding 16,646,323 8,306,707 16,635,954 8,304,974 Dilutive common stock equivalents using treasury stock method — — — — Diluted weighted average shares outstanding 16,646,323 8,306,707 16,635,954 8,304,974 Basic loss per common share $ (0.12 ) $ (1.22 ) $ (0.39 ) $ (1.70 ) Diluted loss per common share $ (0.12 ) $ (1.22 ) $ (0.39 ) $ (1.70 ) Weighted average options outstanding 561,634 711,888 572,845 727,980 Anti-dilutive options not included in the computations 561,634 711,888 572,845 727,980

Note 4 - Marketable Securities

Note 4 - Marketable Securities	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	4. The Company has classified its marketable securities as available-for-sale securities. These securities are carried at estimated fair value with unrealized holding gains and losses included in accumulated other comprehensive income (loss) in stockholders’ equity until realized. Gains and losses on marketable security transactions are reported on the specific-identification method. Dividend and interest income are recognized when earned. The amortized cost, gross unrealized holding gains, gross unrealized holding losses, and fair value for available-for-sale securities by major security type and class of securities at September 30, 2019 December 31, 2018 Amortized cost Gross unrealized holding gains Gross unrealized holding losses Estimated fair value September 30, 2019 Available-for-sale securities: Corporate bonds and notes $ 2,331 $ 25 $ (4 ) $ 2,352 Municipal bonds 1,520 11 — 1,531 Total available-for-sale securities $ 3,851 $ 36 $ (4 ) $ 3,883 December 31, 2018 Available-for-sale securities: Corporate bonds and notes $ 2,911 $ 1 $ (31 ) $ 2,881 Municipal bonds 1,849 — (15 ) 1,834 Total available-for-sale securities $ 4,760 $ 1 $ (46 ) $ 4,715 Maturities of marketable securities classified as available-for-sale securities were as follows at September 30, 2019: Amortized cost Estimated fair value Due within one year $ 1,639 $ 1,640 Due after one year through five years 2,212 2,243 Due after five years — — Total available-for-sale securities $ 3,851 $ 3,883 Debt securities in an unrealized loss position as of September 30, 2019 not not not no 12 12 Less than 12 months More than 12 months Total Estimated fair value Gross unrealized holding losses Estimated fair value Gross unrealized holding losses Estimated fair value Gross unrealized holding losses As of September 30, 2019 Corporate bonds and notes $ 293 $ (4 ) $ 101 $ — $ 394 $ (4 ) Municipal bonds — — — — — — Total $ 293 $ (4 ) $ 101 $ — $ 394 $ (4 )

Note 5 - Intangible Assets

Note 5 - Intangible Assets	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Business Combinations, Goodwill and Intangibles Disclosure [Text Block]	5. Intangible assets as of September 30, 2019 December 31, 2018 Estimated useful lives (years) September 30, 2019 December 31, 2018 Tradename 5 to 7 $ 555 $ 555 Patents and technological know-how 10 16,746 13,377 Proprietary software 3 to 15 2,981 2,981 Other 3 to 5 323 323 Total intangible assets 20,605 17,236 Accumulated amortization (7,996 ) (6,987 ) Total intangible assets, net $ 12,609 $ 10,249 The amortization of intangible assets for the three September 30, 2019 2018 Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 Amortization of intangible assets $ 354 $ 279 $ 1,054 $ 791 The estimated future amortization expense of intangible assets is as follows: Years ending December 31, Amount 2019 (Remainder) $ 332 2020 1,259 2021 1,259 2022 1,259 2023 1,252 Thereafter 7,248 Total 12,609

Note 6 - Inventories

Note 6 - Inventories	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Inventory Disclosure [Text Block]	6. Inventories, net of reserves, as of September 30, 2019 December 31, 2018 September 30, 2019 December 31, 2018 Current: Raw materials $ 530 $ 1,795 Finished goods 11,159 11,433 $ 11,689 $ 13,228 Long-term: Raw materials $ 1,953 $ 2,165 Finished goods 5,190 6,788 $ 7,143 $ 8,953 Long-term inventory represents inventory held in excess of our current (next 12 no no Net loss incurred on valuation of inventory at lower of cost or market value and write-off of obsolete inventory for the three nine September 30, 2019 2018 Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 Net loss incurred on valuation of inventory at lower of cost or market value and write-off of obsolete inventory $ 168 $ 45 $ 537 $ 471

Note 7 - Leases

Note 7 - Leases	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	7. Rent expense is recognized on a straight-line basis over the period of the lease taking into account future rent escalation and holiday periods. Rent expense for the three nine September 30, 2019 2018 Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 Rent expense $ 147 $ 230 $ 510 $ 703 We occupy a 5,000 February 2021 10 We currently occupy a 21,443 March 2024, five We occupied a 10,700 September 2019, We occupy a 7,070 October 2019. We occupy a 3,068 March 2020. We occupy a 6,175 August 2021. We occupy a 40,000 April 2025, Supplemental cash flow information related to leases was as follows: Nine months ended September 30, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 504 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ — Supplemental balance sheet information related to leases was as follows: September 30, 2019 Operating lease right-of-use assets $ 2,547 Current portion of operating lease liabilities, included in accrued liabilities $ 556 Operating lease liabilities, net of current portion 2,129 Total operating lease liabilities 2,685 Weighted average remaining lease term for operating leases (in years) 4.6 Weighted average discount rate for operating leases 6.1 % The following represents maturities of operating lease liabilities as of September 30, 2019: Years ending December 31, 2019 (Remainder) $ 178 2020 700 2021 646 2022 595 2023 606 Thereafter 375 Total lease payments 3,100 Less: Imputed interest (415 ) Total $ 2,685

Note 8 - Shareholders' Equity

Note 8 - Shareholders' Equity	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	8. Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 Common stock and additional paid-in capital Balance, beginning of period $ 58,002 $ 47,758 $ 57,857 $ 47,472 Share-based compensation expense 48 113 177 379 Proceeds from employee stock purchase plan 4 12 20 32 Balance, end of period $ 58,054 $ 47,883 58,054 47,883 Accumulated other comprehensive loss Balance, beginning of period $ (44 ) $ (174 ) $ (181 ) $ (65 ) Unrealized gain (loss) on available-for-sale securities, net of tax (78 ) (21 ) 76 (92 ) Foreign currency translation adjustment (50 ) (13 ) (67 ) (51 ) Balance, end of period $ (172 ) $ (208 ) $ (172 ) $ (208 ) Retained earnings (accumulated deficit) Balance, beginning of period $ (9,922 ) $ 7,203 $ (5,475 ) $ 9,160 Stock repurchased — — — (147 ) Cash dividends, $0.07 per share — — — (583 ) Impact on retained earnings for change in revenue recognition policy — — — 2,782 Net loss (1,976 ) (10,142 ) (6,423 ) (14,151 ) Balance, end of period $ (11,898 ) $ (2,939 ) $ (11,898 ) $ (2,939 ) Total shareholders' equity $ 45,984 $ 44,736 $ 45,984 $ 44,736

Note 9 - Stock-based Compensati

Note 9 - Stock-based Compensation	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Shareholders' Equity and Share-based Payments [Text Block]	9. Employee Stock Option Plans The Company’s share-based incentive plans offering stock options are offered under the Company’s 2007 “2007 December 12, 2015. 2007 2,000,000 may may September 30, 2019, 549,011 2007 September 30, 2019, 2007 946,083 A summary of the stock option activity under the Company’s plans for the Nine months ended September 30, 2019 Number of shares Weighted average exercise price Options outstanding at beginning of year 624,256 $ 8.87 Granted — — Less: Exercised — — Forfeited prior to vesting (574 ) 11.97 Canceled or expired (74,671 ) 7.66 Options outstanding at September 30, 2019 549,011 9.03 Options exercisable at end of September 30, 2019 520,286 $ 8.96 As of September 30, 2019, $90, 0.6 September 30, 2019 $0. Stock-based compensation expense has been recorded as follows: Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 Cost of goods sold $ 2 $ 3 $ 6 $ 12 Sales and marketing — 8 1 28 Research and product development 11 23 34 81 General and administrative 35 78 136 258 $ 48 $ 112 $ 177 $ 379

Note 10 - Fair Value Measuremen

Note 10 - Fair Value Measurements	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Fair Value Disclosures [Text Block]	10. The fair value of the Company’s financial instruments reflects the amounts that the Company estimates it will receive in connection with the sale of an asset or pay in connection with the transfer of a liability in an orderly transaction between market participants at the measurement date (exit price). The fair value hierarchy prioritizes the use of inputs used in valuation techniques into the following three Level 1 Level 2 not not Level 3 The substantial majority of the Company’s financial instruments are valued using observable inputs. The following table sets forth the fair value of the financial instruments re-measured by the Company as of September 30, 2019 December 31, 2018: Level 1 Level 2 Level 3 Total September 30, 2019 Corporate bonds and notes $ — $ 2,352 $ — $ 2,352 Municipal bonds — 1,531 — 1,531 Total $ — $ 3,883 $ — $ 3,883 December 31, 2018 Corporate bonds and notes $ — $ 2,881 $ — $ 2,881 Municipal bonds — 1,834 — 1,834 Total $ — $ 4,715 $ — $ 4,715

Note 11 - Income Taxes

Note 11 - Income Taxes	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Income Tax Disclosure [Text Block]	11. The current year loss did not not not three nine 2019

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation: The fiscal year for ClearOne is the twelve December 31. These accompanying interim unaudited condensed consolidated financial statements have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) and are not September 30, 2019 December 31, 2018, three nine September 30, 2019 2018, nine September 30, 2019 2018. three nine September 30, 2019 2018 not 10 December 31, 2018
New Accounting Pronouncements, Policy [Policy Text Block]	Significant Accounting Policies: The significant accounting policies were described in Note 1 10 December 31, 2018. no nine September 30, 2019 Recent accounting standard related to leases: February 2016, 2016 02, 2016 02” 12 2016 02 December 15, 2018, July 2018, No. 2018 11 2016 02 January 1, 2019, first 2019, not $2,966 $3,101 $135 not Accounting policy related to leases: 842 September 30, 2019 December 31, 2018, not ROU assets represent our right to use an underlying asset for the lease term and operating lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease ROU assets and operating lease liabilities are recognized at the commencement date based on the present value of lease payments over the lease term. As most of our leases do not may Under the available practical expedient, we account for the lease and non-lease components as a single lease component. Other recent accounting pronouncements: not
Liquidity, Policy [Policy Text Block]	Liquidity: As of September 30, 2019, $2,010 $11,211 December 31, 2018. $22,470 September 30, 2019. $6,570 nine September 30, 2019, $2,989 $3,581 nine September 30, 2018. We are currently pursuing all available legal remedies to defend our strategic patents from infringement. We have already spent approximately $11,877 2016 September 30, 2019 may August No. 9,813,806 We have been actively engaged in preserving cash by suspending our dividend program, allowing our share repurchase program to expire and implementing company-wide cost reduction measures. In addition, we expect to generate additional cash as our inventory levels are brought down to historical levels. We also believe that the measures taken by us will yield higher revenues in the future. We believe all of these and effective management of working capital will provide the liquidity needed to meet our operating needs through at least November 15, 2020. no may

Note 2 - Revenue Information (T

Note 2 - Revenue Information (Tables)	9 Months Ended
	Sep. 30, 2019
Notes Tables
Disaggregation of Revenue [Table Text Block]	Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 Audio conferencing $ 2,920 $ 3,433 $ 8,520 $ 10,686 Microphones 2,189 2,124 6,525 6,689 Video products 883 1,126 3,672 3,568 $ 5,992 $ 6,683 $ 18,717 $ 20,943 Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 North and South America $ 3,235 $ 4,082 $ 10,488 $ 12,538 Asia (including Middle East) and Australia 1,931 1,693 5,764 5,592 Europe and Africa 826 908 2,465 2,813 $ 5,992 $ 6,683 $ 18,717 $ 20,943

Note 3 - Earnings (Loss) Per _2

Note 3 - Earnings (Loss) Per Share (Tables)	9 Months Ended
	Sep. 30, 2019
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 Numerator: Net loss $ (1,976 ) $ (10,142 ) $ (6,423 ) $ (14,151 ) Denominator: Basic weighted average shares outstanding 16,646,323 8,306,707 16,635,954 8,304,974 Dilutive common stock equivalents using treasury stock method — — — — Diluted weighted average shares outstanding 16,646,323 8,306,707 16,635,954 8,304,974 Basic loss per common share $ (0.12 ) $ (1.22 ) $ (0.39 ) $ (1.70 ) Diluted loss per common share $ (0.12 ) $ (1.22 ) $ (0.39 ) $ (1.70 ) Weighted average options outstanding 561,634 711,888 572,845 727,980 Anti-dilutive options not included in the computations 561,634 711,888 572,845 727,980

Note 4 - Marketable Securities

Note 4 - Marketable Securities (Tables)	9 Months Ended
	Sep. 30, 2019
Notes Tables
Schedule of Available-for-sale Securities Reconciliation [Table Text Block]	Amortized cost Gross unrealized holding gains Gross unrealized holding losses Estimated fair value September 30, 2019 Available-for-sale securities: Corporate bonds and notes $ 2,331 $ 25 $ (4 ) $ 2,352 Municipal bonds 1,520 11 — 1,531 Total available-for-sale securities $ 3,851 $ 36 $ (4 ) $ 3,883 December 31, 2018 Available-for-sale securities: Corporate bonds and notes $ 2,911 $ 1 $ (31 ) $ 2,881 Municipal bonds 1,849 — (15 ) 1,834 Total available-for-sale securities $ 4,760 $ 1 $ (46 ) $ 4,715
Available-for-sale Securities, Debt Maturities [Table Text Block]	Amortized cost Estimated fair value Due within one year $ 1,639 $ 1,640 Due after one year through five years 2,212 2,243 Due after five years — — Total available-for-sale securities $ 3,851 $ 3,883
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Table Text Block]	Less than 12 months More than 12 months Total Estimated fair value Gross unrealized holding losses Estimated fair value Gross unrealized holding losses Estimated fair value Gross unrealized holding losses As of September 30, 2019 Corporate bonds and notes $ 293 $ (4 ) $ 101 $ — $ 394 $ (4 ) Municipal bonds — — — — — — Total $ 293 $ (4 ) $ 101 $ — $ 394 $ (4 )

Note 5 - Intangible Assets (Tab

Note 5 - Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2019
Notes Tables
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]	Estimated useful lives (years) September 30, 2019 December 31, 2018 Tradename 5 to 7 $ 555 $ 555 Patents and technological know-how 10 16,746 13,377 Proprietary software 3 to 15 2,981 2,981 Other 3 to 5 323 323 Total intangible assets 20,605 17,236 Accumulated amortization (7,996 ) (6,987 ) Total intangible assets, net $ 12,609 $ 10,249
Finite-lived Intangible Assets Amortization Expense [Table Text Block]	Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 Amortization of intangible assets $ 354 $ 279 $ 1,054 $ 791
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	Years ending December 31, Amount 2019 (Remainder) $ 332 2020 1,259 2021 1,259 2022 1,259 2023 1,252 Thereafter 7,248 Total 12,609

Note 6 - Inventories (Tables)

Note 6 - Inventories (Tables)	9 Months Ended
	Sep. 30, 2019
Notes Tables
Schedule of Inventory Current and Noncurrent [Table Text Block]	September 30, 2019 December 31, 2018 Current: Raw materials $ 530 $ 1,795 Finished goods 11,159 11,433 $ 11,689 $ 13,228 Long-term: Raw materials $ 1,953 $ 2,165 Finished goods 5,190 6,788 $ 7,143 $ 8,953
Inventory Write-off [Table Text Block]	Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 Net loss incurred on valuation of inventory at lower of cost or market value and write-off of obsolete inventory $ 168 $ 45 $ 537 $ 471

Note 7 - Leases (Tables)

Note 7 - Leases (Tables)	9 Months Ended
	Sep. 30, 2019
Notes Tables
Lease, Cost [Table Text Block]	Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 Rent expense $ 147 $ 230 $ 510 $ 703 Nine months ended September 30, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 504 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ — September 30, 2019 Operating lease right-of-use assets $ 2,547 Current portion of operating lease liabilities, included in accrued liabilities $ 556 Operating lease liabilities, net of current portion 2,129 Total operating lease liabilities 2,685 Weighted average remaining lease term for operating leases (in years) 4.6 Weighted average discount rate for operating leases 6.1 %
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	Years ending December 31, 2019 (Remainder) $ 178 2020 700 2021 646 2022 595 2023 606 Thereafter 375 Total lease payments 3,100 Less: Imputed interest (415 ) Total $ 2,685

Note 8 - Shareholders' Equity (

Note 8 - Shareholders' Equity (Tables)	9 Months Ended
	Sep. 30, 2019
Notes Tables
Schedule of Stockholders Equity [Table Text Block]	Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 Common stock and additional paid-in capital Balance, beginning of period $ 58,002 $ 47,758 $ 57,857 $ 47,472 Share-based compensation expense 48 113 177 379 Proceeds from employee stock purchase plan 4 12 20 32 Balance, end of period $ 58,054 $ 47,883 58,054 47,883 Accumulated other comprehensive loss Balance, beginning of period $ (44 ) $ (174 ) $ (181 ) $ (65 ) Unrealized gain (loss) on available-for-sale securities, net of tax (78 ) (21 ) 76 (92 ) Foreign currency translation adjustment (50 ) (13 ) (67 ) (51 ) Balance, end of period $ (172 ) $ (208 ) $ (172 ) $ (208 ) Retained earnings (accumulated deficit) Balance, beginning of period $ (9,922 ) $ 7,203 $ (5,475 ) $ 9,160 Stock repurchased — — — (147 ) Cash dividends, $0.07 per share — — — (583 ) Impact on retained earnings for change in revenue recognition policy — — — 2,782 Net loss (1,976 ) (10,142 ) (6,423 ) (14,151 ) Balance, end of period $ (11,898 ) $ (2,939 ) $ (11,898 ) $ (2,939 ) Total shareholders' equity $ 45,984 $ 44,736 $ 45,984 $ 44,736

Note 9 - Stock-based Compensa_2

Note 9 - Stock-based Compensation (Tables)	9 Months Ended
	Sep. 30, 2019
Notes Tables
Share-based Payment Arrangement, Option, Activity [Table Text Block]	Number of shares Weighted average exercise price Options outstanding at beginning of year 624,256 $ 8.87 Granted — — Less: Exercised — — Forfeited prior to vesting (574 ) 11.97 Canceled or expired (74,671 ) 7.66 Options outstanding at September 30, 2019 549,011 9.03 Options exercisable at end of September 30, 2019 520,286 $ 8.96
Share-based Payment Arrangement, Cost by Plan [Table Text Block]	Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 Cost of goods sold $ 2 $ 3 $ 6 $ 12 Sales and marketing — 8 1 28 Research and product development 11 23 34 81 General and administrative 35 78 136 258 $ 48 $ 112 $ 177 $ 379

Note 10 - Fair Value Measurem_2

Note 10 - Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2019
Notes Tables
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	Level 1 Level 2 Level 3 Total September 30, 2019 Corporate bonds and notes $ — $ 2,352 $ — $ 2,352 Municipal bonds — 1,531 — 1,531 Total $ — $ 3,883 $ — $ 3,883 December 31, 2018 Corporate bonds and notes $ — $ 2,881 $ — $ 2,881 Municipal bonds — 1,834 — 1,834 Total $ — $ 4,715 $ — $ 4,715

Note 1 - Business Description_2

Note 1 - Business Description, Basis of Presentation and Significant Accounting Policies (Details Textual) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended	45 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2019	Jan. 01, 2019	Dec. 31, 2018	Dec. 31, 2017
Operating Lease, Right-of-Use Asset	$ 2,547		$ 2,547	$ 2,547	$ 2,966
Operating Lease, Liability, Total	2,685		2,685	2,685	3,101
Deferred Rent Credit					$ 135
Cash and Cash Equivalents, at Carrying Value, Ending Balance	2,010	$ 2,522	2,010	2,010		$ 11,211	$ 5,571
Working Capital (Deficit)	22,470		22,470	22,470
Net Cash Provided by (Used in) Operating Activities, Total	$ (6,570)	$ (3,581)
Increase (Decrease) in Net Cash Provided by (Used in) Operating Activities			$ 2,989
Litigation for Intellectual Property Infringement [Member]
Litigation Settlement, Expense				$ 11,877

Note 2 - Revenue Information -

Note 2 - Revenue Information - Revenue by Product Group (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Revenue	$ 5,992	$ 6,683	$ 18,717	$ 20,943
Americas [Member]
Revenue	3,235	4,082	10,488	12,538
Asia Middle East and Australia [Member]
Revenue	1,931	1,693	5,764	5,592
Europe and Africa [Member]
Revenue	826	908	2,465	2,813
Audio Conferencing [Member]
Revenue	2,920	3,433	8,520	10,686
Microphones [Member]
Revenue	2,189	2,124	6,525	6,689
Video Products [Member]
Revenue	$ 883	$ 1,126	$ 3,672	$ 3,568

Note 3 - Earnings (Loss) Per _3

Note 3 - Earnings (Loss) Per Share - Computation of Basic and Diluted Earnings per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Net loss	$ (1,976)	$ (10,142)	$ (6,423)	$ (14,151)
Basic weighted average shares outstanding (in shares)	16,646,323	8,306,707	16,635,954	8,304,974
Dilutive common stock equivalents using treasury stock method (in shares)
Diluted weighted average shares outstanding (in shares)	16,646,323	8,306,707	16,635,954	8,304,974
Basic loss per common share (in dollars per share)	$ (0.12)	$ (1.22)	$ (0.39)	$ (1.70)
Diluted loss per common share (in dollars per share)	$ (0.12)	$ (1.22)	$ (0.39)	$ (1.70)
Weighted average options outstanding (in shares)	561,634	711,888	572,845	727,980
Anti-dilutive options not included in the computations (in shares)	561,634	711,888	572,845	727,980

Note 4 - Marketable Securitie_2

Note 4 - Marketable Securities - Available-for-sale Securities by Major Security Type (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Amortized cost	$ 3,851	$ 4,760
Gross unrealized holding gains	36	1
Gross unrealized holding losses	(4)	(46)
Available-for-sale securities	3,883	4,715
Corporate Debt Securities [Member]
Amortized cost	2,331	2,911
Gross unrealized holding gains	25	1
Gross unrealized holding losses	(4)	(31)
Available-for-sale securities	2,352	2,881
US States and Political Subdivisions Debt Securities [Member]
Amortized cost	1,520	1,849
Gross unrealized holding gains	11
Gross unrealized holding losses		(15)
Available-for-sale securities	$ 1,531	$ 1,834

Note 4 - Marketable Securitie_3

Note 4 - Marketable Securities - Maturities of Available-for-sale Securities (Details) $ in Thousands	Sep. 30, 2019USD ($)
Due within one year, amortized cost	$ 1,639
Due within one year, estimated fair value	1,640
Due after one year through five years, amortized cost	2,212
Due after one year through five years, estimated fair value	2,243
Due after five years, amortized cost
Due after five years, estimated fair value
Total available-for-sale securities, amortized cost	3,851
Total available-for-sale securities, estimated fair value	$ 3,883

Note 4 - Marketable Securitie_4

Note 4 - Marketable Securities - Available-for-sale Marketable Securities in Gross Unrealized Loss Position (Details) $ in Thousands	Sep. 30, 2019USD ($)
Estimated fair value, less than 12 months	$ 293
Gross unrealized holding losses, less than 12 months	(4)
Estimated fair value, more than 12 months	101
Gross unrealized holding losses, more than 12 months
Estimated fair value	394
Gross unrealized holding losses	(4)
Corporate Debt Securities [Member]
Estimated fair value, less than 12 months	293
Gross unrealized holding losses, less than 12 months	(4)
Estimated fair value, more than 12 months	101
Gross unrealized holding losses, more than 12 months
Estimated fair value	394
Gross unrealized holding losses	(4)
US States and Political Subdivisions Debt Securities [Member]
Estimated fair value, less than 12 months
Gross unrealized holding losses, less than 12 months
Estimated fair value, more than 12 months
Gross unrealized holding losses, more than 12 months
Estimated fair value
Gross unrealized holding losses

Note 5 - Intangible Assets - In

Note 5 - Intangible Assets - Intangible Assets (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Intangible assets, gross	$ 20,605	$ 17,236
Accumulated amortization	(7,996)	(6,987)
Total intangible assets, net	12,609	10,249
Trade Names [Member]
Intangible assets, gross	$ 555	555
Trade Names [Member] | Minimum [Member]
Estimated useful lives (Year)	5 years
Trade Names [Member] | Maximum [Member]
Estimated useful lives (Year)	7 years
Patents and Technological Know-how [Member]
Estimated useful lives (Year)	10 years
Intangible assets, gross	$ 16,746	13,377
Proprietary Software [Member]
Intangible assets, gross	$ 2,981	2,981
Proprietary Software [Member] | Minimum [Member]
Estimated useful lives (Year)	3 years
Proprietary Software [Member] | Maximum [Member]
Estimated useful lives (Year)	15 years
Other Intangible Assets [Member]
Intangible assets, gross	$ 323	$ 323
Other Intangible Assets [Member] | Minimum [Member]
Estimated useful lives (Year)	3 years
Other Intangible Assets [Member] | Maximum [Member]
Estimated useful lives (Year)	5 years

Note 5 - Intangible Assets - Sc

Note 5 - Intangible Assets - Schedule of Amortization of Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Amortization of intangible assets	$ 354	$ 279	$ 1,054	$ 791

Note 5 - Intangible Assets - Es

Note 5 - Intangible Assets - Estimated Future Amortization Expense of Intangible Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
2019 (Remainder)	$ 332
2020	1,259
2021	1,259
2022	1,259
2023	1,252
Thereafter	7,248
Total intangible assets, net	$ 12,609	$ 10,249

Note 6 - Inventories - Inventor

Note 6 - Inventories - Inventories (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Raw materials	$ 530	$ 1,795
Finished goods	11,159	11,433
Total current inventory	11,689	13,228
Raw materials	1,953	2,165
Finished goods	5,190	6,788
Total long-term inventory	$ 7,143	$ 8,953

Note 6 - Inventories - Write-of

Note 6 - Inventories - Write-off (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Change of inventory to net realizable value	$ 168	$ 45	$ 537	$ 471

Note 7 - Leases (Details Textua

Note 7 - Leases (Details Textual)	Sep. 30, 2019ft²
Facility in Gainesville [Member]
Area of Real Estate Property	5,000
Lessee, Operating Lease, Renewal Term	10 years
Facility in Salt Lake City [Member]
Area of Real Estate Property	21,443
Lessee, Operating Lease, Renewal Term	5 years
Warehouse in Shenzhen, China [Member]
Area of Real Estate Property	10,700
Facility in Austin, Texas [Member[
Area of Real Estate Property	7,070
Facility in Zaragoza, Spain [Member]
Area of Real Estate Property	3,068
Facility in Chennai, India [Member]
Area of Real Estate Property	6,175
Warehouse in Salt Lake City, Utah [Member]
Area of Real Estate Property	40,000

Note 7 - Leases - Supplemental

Note 7 - Leases - Supplemental Cash Flow Information Related to Leases (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Jan. 01, 2019	Dec. 31, 2018
Rent expense	$ 147	$ 230	$ 510	$ 703
Operating cash flows from operating leases			504
Operating leases
Operating Lease, Right-of-Use Asset	2,547		2,547		$ 2,966
Current portion of operating lease liabilities, included in accrued liabilities	556		556
Operating lease liabilities, net of current portion	2,129		2,129
Total operating lease liabilities	$ 2,685		$ 2,685		$ 3,101
Weighted average remaining lease term for operating leases (in years) (Year)	4 years 219 days		4 years 219 days
Weighted average discount rate for operating leases	6.10%		6.10%

Note 7 - Leases - Maturities of

Note 7 - Leases - Maturities of Operating Lease Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Jan. 01, 2019
2019 (Remainder)	$ 178
2020	700
2021	646
2022	595
2023	606
Thereafter	375
Total lease payments	3,100
Less: Imputed interest	(415)
Operating Lease, Liability, Total	$ 2,685	$ 3,101

Note 8 - Shareholders' Equity -

Note 8 - Shareholders' Equity - Shareholders' Equity (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Balance, beginning of period			$ 52,201
Foreign currency translation adjustment	$ (50)	$ (13)	(67)	$ (51)
Net loss	(1,976)	(10,142)	(6,423)	(14,151)
Balance, end of period	45,984	44,736	45,984	44,736
Common Stock Including Additional Paid in Capital [Member]
Balance, beginning of period	58,002	47,758	57,857	47,472
Share-based compensation expense	48	113	177	379
Proceeds from employee stock purchase plan	4	12	20	32
Balance, end of period	58,054	47,883	58,054	47,883
AOCI Attributable to Parent [Member]
Balance, beginning of period	(44)	(174)	(181)	(65)
Unrealized gain (loss) on available-for-sale securities, net of tax	(78)	(21)	76	(92)
Foreign currency translation adjustment	(50)	(13)	(67)	(51)
Balance, end of period	(172)	(208)	(172)	(208)
Retained Earnings [Member]
Balance, beginning of period	(9,922)	7,203	(5,475)	9,160
Stock repurchased				(147)
Cash dividends, $0.07 per share				(583)
Impact on retained earnings for change in revenue recognition policy				2,782
Net loss	(1,976)	(10,142)	(6,423)	(14,151)
Balance, end of period	$ (11,898)	$ (2,939)	$ (11,898)	$ (2,939)

Note 8 - Shareholders' Equity_2

Note 8 - Shareholders' Equity - Shareholders' Equity (Details) (Parentheticals)	9 Months Ended
	Sep. 30, 2018$ / shares
Retained Earnings [Member]
Cash dividends, per share (in dollars per share)	$ 0.07

Note 9 - Stock-based Compensa_3

Note 9 - Stock-based Compensation (Details Textual) - USD ($)	9 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Dec. 31, 2018	Dec. 12, 2015
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance		549,011	624,256
The 2007 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized				2,000,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance	549,011
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares, Authorized and Unissued	946,083
Share-based Payment Arrangement, Nonvested Award, Option, Cost Not yet Recognized, Amount	$ 90,000
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition	219 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value	$ 0

Note 9 - Stock-based Compensa_4

Note 9 - Stock-based Compensation - Stock Option Activity (Details)	6 Months Ended
	Jun. 30, 2019$ / sharesshares
Options outstanding at beginning of year (in shares) | shares	624,256
Options outstanding at beginning of year (in dollars per share) | $ / shares	$ 8.87
Number of shares, granted (in shares) | shares
Weighted average exercise price, granted (in dollars per share) | $ / shares
Number of shares, exercised (in shares) | shares
Weighted average exercise price, exercised (in dollars per share) | $ / shares
Number of shares, forfeited prior to vesting (in shares) | shares	(574)
Weighted average exercise price, forfeited prior to vesting (in dollars per share) | $ / shares	$ 11.97
Number of shares, canceled or expired (in shares) | shares	(74,671)
Weighted average exercise price, canceled or expired (in dollars per share) | $ / shares	$ 7.66
Options outstanding at September 30, 2019 (in shares) | shares	549,011
Options outstanding at September 30, 2019 (in dollars per share) | $ / shares	$ 9.03
Options exercisable at end of September 30, 2019 (in shares) | shares	520,286
Options exercisable at end of September 30, 2019 (in dollars per share) | $ / shares	$ 8.96

Note 9 - Stock-based Compensa_5

Note 9 - Stock-based Compensation - Schedule of Share-based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Stock-based compensation expense	$ 48	$ 112	$ 177	$ 379
Cost of Sales [Member]
Stock-based compensation expense	2	3	6	12
Selling and Marketing Expense [Member]
Stock-based compensation expense		8	1	28
Research and Development Expense [Member]
Stock-based compensation expense	11	23	34	81
General and Administrative Expense [Member]
Stock-based compensation expense	$ 35	$ 78	$ 136	$ 258

Note 10 - Fair Value Measurem_3

Note 10 - Fair Value Measurements - Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Available-for-sale securities	$ 3,883	$ 4,715
Fair Value, Inputs, Level 1 [Member]
Available-for-sale securities
Fair Value, Inputs, Level 2 [Member]
Available-for-sale securities	3,883	4,715
Fair Value, Inputs, Level 3 [Member]
Available-for-sale securities
Corporate Debt Securities [Member]
Available-for-sale securities	2,352	2,881
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Available-for-sale securities
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Available-for-sale securities	2,352	2,881
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Available-for-sale securities
US States and Political Subdivisions Debt Securities [Member]
Available-for-sale securities	1,531	1,834
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Available-for-sale securities
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Available-for-sale securities	1,531	1,834
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Available-for-sale securities