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OTHER ASSETS (Details 1) $ in Thousands | Mar. 31, 2021 USD ($)
--- | ---
RMB |  |
Original investment | $ 10,000 |
Less: management fee | (5,000) |
Net investment | 5,000 |
Less: share of loss on joint venture | (137) |
Net investment as down payment | 4,863 | [1]
Loans receivable | 5,000 |
Interest receivable | 1,250 |
Less: impairment of interest | (906) |
Transferred to down payment | 5,344 | [2]
Down payment for purchase of investment properties | 10,207 |
U S D |  |
Original investment | 1,606 |
Less: management fee | (803) |
Net investment | 803 |
Less: share of loss on joint venture | (22) |
Net investment as down payment | 781 | [1]
Loans receivable | 814 |
Interest receivable | 200 |
Less: impairment of interest | (150) |
Transferred to down payment | 864 | [2]
Down payment for purchase of investment properties | $ 1,645 |
[1] | On December 2, 2010, the Company signed a Joint Venture agreement (agreement) with Jia Sheng Property Development Co. Ltd. (Developer) to form a new company, Jun Zhou Co., Limited (Joint Venture or Jun Zhou) to joint develop the Singapore Themed Park project (the project), where the Company paid RMB 10 million for the 10% investment in the joint venture. The Developer paid the Company a management fee of RMB 5 million in cash upon signing of the agreement with a remaining fee of RMB 5 million payable upon fulfilment of certain conditions in accordance with the agreement. The Company further reduced its investment by RMB 137, or approximately $22, towards the losses from operations incurred by the joint venture.
[2] | Amounts of RMB 5,000, or approximately $760, as disclosed in Note 5, plus the interest receivable on long term loan receivable of RMB 1,250, or approximately $200, and impairment on interest of RMB 906, or approximately $150.

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