XML 42 R32.htm IDEA: XBRL DOCUMENT v3.22.1
Related Party Balances and Transactions
 3 Months Ended 12 Months Ended
Mar. 31, 2022
Dec. 31, 2021
Related Party Transactions [Abstract]    
RELATED PARTY BALANCES AND TRANSACTIONS

NOTE 14. RELATED PARTY BALANCES AND TRANSACTIONS

Name

  

Relationship with the Group

Ochem Chemical Co., Ltd (“Ochem”)

  

Controlled by CEO

Ochemate Material Technologies Co., Ltd (“Ochemate”)

  

Controlled by CEO

(1)    Related party transaction

  

Three Months Ended
March 31,
   

2021

  

2022

Raw material sold to Ochem

  

$

155

  

$

—

(2)    Interest-free loans

MPS received certain interest-free loans from related parties, Ochemate and Ochem, for the three months ended March 31, 2021 and 2022 with accumulative amounts of $1,874 and $0, respectively.

The outstanding balance for the amount due from Ochem was $85 as of December 31, 2021 and $0 as of March 31, 2022, respectively.

25. RELATED PARTY BALANCES AND TRANSACTIONS

Name

  

Relationship with
the Group

Ochem Chemical Co., Ltd (“Ochem”)

  

Controlled by CEO

Ochemate Material Technologies Co., Ltd (“Ochemate”)

  

Controlled by CEO

(1)    Related party transaction

 

Year Ended December 31,
   

2019

  

2020

  

2021

Raw material sold to Ochem

  

$

—

  

$

167

  

$

390

(2)    Interest-free loans

MPS received certain interest-free loans from related parties, Ochemate and Ochem, for the years ended December 31, 2019, 2020 and 2021, with accumulative amounts of $15,142, $18,889 and $8,426, respectively.

The outstanding balance for the amount due from Ochem was nil as of December 31, 2020 and $85 as of December 31, 2021, respectively.