Unidentified Analyst: Okay. And another YouTube video was about using your — again, your current sensors for — for GFI, which is kind of the safety plug you have in your bathrooms. Is that a market you can enter?
Daniel Baker : I see. I missed your — I missed that the first time you asked it. So what you were talking about would be GFI or ground fault interruptors or sometimes it’s called GCFI ground fault circuit interruptors. And we have a demonstration on our website and on YouTube that shows how to do that. So that’s an interesting market for us. The home market, which would be in things like bathrooms and kitchens is rather commoditized. But there is an industrial market for such devices, which we are looking at. And more importantly, we’re demonstrating the extreme sensitivity and very wide range of our current sensors. And as you correctly pointed out, current sensors are important for controlling motors and doing it efficiently.
So that allows motors to become more efficient in the system. And also our sensors use very little power themselves. So conventional current sensors might use a significant amount of power so to measure the current in order to control the current in order to improve the efficiency, you’re spending some of that savings with the current sensor. And our current sensors use very little power. So we see that as a demonstration for a particular application, but also of the broader applicability of those parts in low power, high sensitivity, wide dynamic range current sensing.
Unidentified Analyst: All right. And for general, just the couple of days, there’s been news out of Taiwan that the inventory correction is ending clients ordering more chips. Are you — have you seen this in the last week or so?
Daniel Baker : We’ve seen [technical difficulty] until a recovery of the semiconductor industry, as Daniel alluded to in the prepared remarks, and so that gives us reason for optimism for the coming quarters.
Unidentified Analyst: But have you seen it in your own order at your own kind of requests for inbound interest requests including…?
Daniel Baker : So you mean purchasing from foundries.
Unidentified Analyst: Well, I mean you’re just client inquiries and client orders you seem like — cyclical uptick?
Daniel Baker : We are seeing some improvement. It’s been gradual. It would be difficult to point to a particular week and say that we saw improvement. But in general, we’ve been seeing an improvement in the order flow, and that makes us optimistic about the future.
Unidentified Analyst: All right. That’s it for me. Thank you for your very detailed answers and good luck.
Daniel Baker : Thank you, Chris.
Operator: Thank you. Please standby for our next question. Our next question comes from the line of Steven Lewis with Lewis Capital Management. Your line is open.
Steven Lewis: Good afternoon. I had a question about your bond portfolio. Have you had any change in the way it’s been managed in the last three to six months? You’re showing a small a small valuation difference of only $1 million plus versus cost?
Daniel Baker : Yeah. So what we were showing for the unrealized losses in the bond portfolio, which I think is what you’re referring to, is what’s been happening is that in general interest rates have been increasing. And so that results in unrealized losses in our bond portfolio. So unrealized losses, meaning that while the value when we look them up and — in the bank statement or we look them up online, the value is lower, but we still expect them to pay the face value or par value of the bonds. But the flip side of that is that interest rates have — with interest rates increasing, is that it significantly increased our interest income, as you can see on the income statement. And that’s because we’ve been able to reinvest our bonds as they mature in higher interest securities than the ones that they were originally invested in.
