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Related Party Transactions
6 Months Ended
Jun. 30, 2012
Related Party Transactions [Abstract]  
Related Party Transactions
Note 5. Related Party Transactions
 
In August 2011, our consolidated joint venture, Beijing JiYa Semiconductor Material Co., Ltd (JiYa), entered into a non-interest bearing note agreement in the amount of $1.7 million (Rmb 10,485,200) with one of its equity investment entities. Under the loan agreement, JiYa loaned $785,000 (Rmb 4,959,000) to its equity investment entity in August 2011 and the remaining amount of $874,000 (Rmb 5,526,200) was loaned during the three months ending March 31, 2012. The term of the loan is two years and ten months and the equity investment entity will repay JiYa in three installments with the first installment of $415,000 (Rmb 2,620,000) due in December 2012, the second installment of $829,000 (Rmb 5,240,000) due in December 2013, and last installment of $415,000 (Rmb 2,625,200) due in May 2014. As of June 30, 2012, we included $415,000 (Rmb 2,620,000) in "Related party notes receivable - short term" and $1.2 million (Rmb 7,865,200) in "Related party notes receivable - long term" in the condensed consolidated balance sheets.
 
In August 2011, our consolidated joint venture, Nanjing Jin Mei Gallium Co., Ltd. loaned $791,000 (Rmb 5,000,000) to its equity investment entity for construction purposes. As of June 30, 2012, this balance was included in "Related party notes receivable - long term" in the condensed consolidated balance sheets.