XML 25 R15.htm IDEA: XBRL DOCUMENT v3.22.1
Land Use Rights, Net
 12 Months Ended
Dec. 31, 2021
Land Use Rights Net [Abstract]  
LAND USE RIGHTS, NET

8. LAND USE RIGHTS, NET

Land use rights consisted of the following:

 

December 31, 2020

  

December 31, 2021

Cost of land use rights

  

$

16,007

 

  

$

16,390

 

Less: accumulated amortization

  

 

(2,006

)

  

 

(2,382

)

Land use rights, net

  

$

14,001

 

  

$

14,008

 

The land use rights were acquired for the use of the Group’s production facilities. Land use rights are amortized on a straight-line basis for 50 years or shorter of the estimated usage periods or the terms of the land use rights agreements. The Group recorded amortization expenses of $302, $303 and $325 for the years ended December 31, 2019, 2020 and 2021, respectively. Future amortization expense is $325 per year for each of the next five years through December 31, 2026 and thereafter.