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LOANS RECEIVABLE FROM PROPERTY DEVELOPMENT PROJECTS (Details) - Jiang Huai $ in Thousands | Mar. 31, 2021 USD ($)
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Yuan RMB |
Short-term loan receivables |
Short-term | $ 2,000
Less: allowance for doubtful receivables | (2,000)
Long-term loan receivables |
Long-term | 5,000
Less: transfer - down-payment for purchase of property | (5,000)
U S D |
Short-term loan receivables |
Short-term | 304
Less: allowance for doubtful receivables | (304)
Long-term loan receivables |
Long-term | 760
Less: transfer - down-payment for purchase of property | $ (760)

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- Definition The valuation allowance as of the balance sheet date to reduce the gross amount of receivables to estimated net realizable value, which would be presented in parentheses on the face of the balance sheet. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=121611835&loc=d3e5074-111524 + Details
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- Definition A deposit made by a purchaser of real estate to evidence good faith. It is customary for a buyer to give the seller earnest money at the time a sales contract is signed. The earnest money generally is credited to the down payment at closing, which is applied at closing as a component of payment against the purchase price. + References No definition available. + Details
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