XML 42 R43.htm IDEA: XBRL DOCUMENT v2.4.0.6
SIGNIFICANT ACCOUNTING POLICIES (Summary Of Assets And Liabilities Measured At Fair Value) (Details) (USD $)
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Marketable Securities   $ 1,830 [1]
Proceeds from sales of marketable securities 1,128,000   
Property, plant and equipment 70,214,000 62,412,000
Impairment loss of long-lived assets 2,600,000   
3-door SUV mold [Member]
   
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Property, plant and equipment 5,120,000  
Impairment loss of long-lived assets 2,560,000 0
Recurring [Member]
   
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-lived assets- 3-door SUV mold   1,830,000 [1]
Total assets   1,830,000
Nonrecurring [Member]
   
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-lived assets- 3-door SUV mold 2,560,000 [2]  
Level 1 [Member]
   
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Marketable Securities   1,830 [1]
Level 1 [Member] | Recurring [Member]
   
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Marketable Securities   1,830,000 [1]
Total assets   1,830,000
Level 1 [Member] | Nonrecurring [Member]
   
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-lived assets- 3-door SUV mold     
Level 2 [Member] | Recurring [Member]
   
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Marketable Securities     
Total assets     
Level 2 [Member] | Nonrecurring [Member]
   
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-lived assets- 3-door SUV mold     
Level 3 [Member] | Recurring [Member]
   
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Marketable Securities     
Total assets     
Level 3 [Member] | Nonrecurring [Member]
   
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-lived assets- 3-door SUV mold $ 2,560,000 [2]  
[1] Marketable securities consist of common stock of a related party. The fair value of marketable securities is based upon market value quoted by Korean stock exchange. The Marketable securities were sold for $1,128 at December 31, 2012.
[2] Included in "Property, plant and equipment, net" on the face of consolidated balance sheets. The original carrying value was $5.12 million. The Company recognized impairment charges of $2.56 million (included in "impairment loss of long-lived assets" on the face of consolidated statements of operations and comprehensive loss) and $0 for the years ended December 31, 2012 and 2011, respectively. These charges were related to the impairment in the 3-door SUV mold equipment used in the Jonway Auto segment (See Note 2 - Accounting for long-lived assets).