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SHORT-TERM BORROWINGS (Tables) | 12 Months Ended
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Dec. 31, 2023
SHORT-TERM BORROWINGS |
Schedule of short-term borrowings from bank | ​
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​ | ​ | ​ | ​ | ​ | ​ | Amount | ​ | Annual | ​ | Repayment
Date |  | Borrower |  | Lender |  | ($) | ​ | Interest Rate |  | Due Date
January 6, 2023 | ​ | Ambow Education Inc. | ​ | EAST WEST BANK | ​ | 2,439 | ​ | 2.50 | % | January 6, 2024
October 11, 2022 | ​ | Ambow Education Inc. | ​ | Cathy Bank | ​ | 1,500 | ​ | 6.29 | % | October 11, 2024

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- Definition Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
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