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Advances to and Investments in Foreign Joint Venture Operations (Tables) | 12 Months Ended
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Dec. 31, 2018
Equity Method Investments And Joint Ventures [Abstract] |
Schedule of Financial Information of Foreign Joint Venture | Summary financial information of BOMAY in U.S. dollars was as follows at December 31, 2018 and 2017:
|  | BOMAY |  |  | MIEFE |
|  | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |
Assets: |  | (in thousands) |  |  | (in thousands) |
Total current assets |  | $ | 59,124 |  |  | $ | 50,000 |  |  | $ | - |  |  | $ | 121 |
Total non-current assets |  |  | 5,742 |  |  |  | 3,457 |  |  |  | - |  |  |  | 15 |
Total assets |  | $ | 64,866 |  |  | $ | 53,457 |  |  | $ | - |  |  | $ | 136 |
Liabilities and equity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total liabilities |  |  | 38,732 |  |  |  | 25,598 |  |  |  | - |  |  |  | 198 |
Total joint ventures’ equity |  |  | 26,134 |  |  |  | 27,859 |  |  |  | - |  |  |  | (62 | )
Total liabilities and equity |  | $ | 64,866 |  |  | $ | 53,457 |  |  | $ | - |  |  | $ | 136 |
|  | BOMAY |  |  | MIEFE |
|  | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |
|  | (in thousands) |  |  | (in thousands) |
Revenue |  | $ | 37,244 |  |  | $ | 26,168 |  |  | $ | - |  |  | $ | 89 |
Gross Profit |  | $ | 7,878 |  |  | $ | 5,654 |  |  | $ | - |  |  | $ | 23 |
Earnings |  | $ | 2,381 |  |  | $ | 1,084 |  |  | $ | - |  |  | $ | 55 |
Schedule of Investments in and Advances to Foreign Joint Venture Operations | The Company’s investments in and advances to its foreign joint venture operations were as follows as of December 31, 2018 and 2017:
|  | BOMAY* |  |  | MIEFE |
|  | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |
Investments in foreign joint ventures: |  | (in thousands) |  |  | (in thousands) |
Balance at beginning and end of year |  | $ | 2,033 |  |  | $ | 2,033 |  |  | $ | - |  |  | $ | - |
Undistributed earnings: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of year |  |  | 7,967 |  |  |  | 8,313 |  |  |  | - |  |  |  | - |
Equity in earnings (loss) |  |  | 953 |  |  |  | 434 |  |  |  | - |  |  |  | - |
Dividend distributions |  |  | (1,127 | ) |  |  | (780 | ) |  |  | - |  |  |  | - |
Balance at end of year |  |  | 7,793 |  |  |  | 7,967 |  |  |  | - |  |  |  | - |
Foreign currency translation: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of year |  |  | 737 |  |  |  | 104 |  |  |  | 210 |  |  |  | 213 |
Change during the year |  |  | (583 | ) |  |  | 633 |  |  |  | (210 | ) |  |  | (3 | )
Balance at end of year |  |  | 154 |  |  |  | 737 |  |  |  | - |  |  |  | 210 |
Total investments at end of year |  | $ | 9,980 |  |  | $ | 10,737 |  |  | $ | - |  |  | $ | 210 |
*Accumulated statutory reserves in equity method investments of $2.8 million at both December 31, 2018 and 2017, respectively, are included in AETI’s consolidated retained earnings. In accordance with the People’s Republic of China, (“PRC”), regulations on enterprises with foreign ownership, an enterprise established in the PRC with foreign ownership is required to provide for certain statutory reserves, namely (i) General Reserve Fund, (ii) Enterprise Expansion Fund and (iii) Staff Welfare and Bonus Fund, which are appropriated from net profit as reported in the enterprise’s PRC statutory accounts. A non-wholly-owned foreign invested enterprise is permitted to provide for the above allocation at the discretion of its board of directors. The aforementioned reserves can only be used for specific purposes and are not distributable as cash dividends.

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- Definition Schedule of activity in investment in foreign joint ventures. + References No definition available. + Details
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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571 + Details
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