Appears to be the optional NTSC video to RGB conversion board for a Wells-Gardner K7000 series monitor. Allows the monitor to accept standard composite video from like a video camera, VCR, DVD player to be displayed on a k7000 monitor. The connector with the three wires plugs into "Option" connector P7 on the K7000 main board (many k7000's did not have this connector installed, so you would have install the male header connector on the k7000 main board).