SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2013

SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Schedule of Foreign Currency Exchange Balance

	December 31, 2013	December 31, 2012
Balance sheet items, except for share capital, additional	$ 1=RMB 6.1122	$1=RMB 6.3090
paid in capital and retained earnings, as of year end
Amounts included in the statements of operations	$ 1=RMB 6.1171	$1=RMB6.3079
and cash flows for the year

Summary of Assets and Liabilities Measured at Fair Value

                                                                       December 31, 2013

Assets			Level 1		Level 2		Level 3		Fair Value Measurements
Long-lived assets- 3-door SUV mold	(1	)		-		-	$	-	$	-
Investments  in joint ventures	(2	)		-		-	$	-	$	-

                                                                       December 31, 2012

Assets			Level 1		Level 2		Level 3		Fair Value Measurements
Long-lived assets- 3-door SUV mold	(1	)		-		-	$	2,560	$	2,560
Investments in joint ventures	(2	)		-		-	$	898	$	898

Impairment loss
			2013		2012
Impairment loss on long-lived assets	(1	)	$	2,640	$	2,560
Loss from equity in joint ventures	(2	)	$	899	$	391

(1)   The original carrying value was $5.20 million ($5.12 million at the exchange rate of 12/31/2012). The Company recognized impairment charges of $2.64 million (included in "impairment loss of long-lived assets" on the face of consolidated statements of operations and comprehensive loss) and $2.56 million for the years ended December 31, 2013 and 2012, respectively. These charges were related to the impairment in the 3-door SUV mold equipment used in the Jonway Auto segment.

(2)   The Company recorded a loss of $899 and $391, respectively for the years ended December 31, 2013 and 2012.

Schedule of Estimated Useful Lives of Property and Equipment

Machinery and equipment	5-10 years (Jonway 10 years)
Computer equipment and software	3-5 years
Office furniture and equipment	5 years
Vehicles	5 years
Leasehold improvements	10 years or life of lease,
	whichever is shorter
Building and improvements	20-30 years (Jonway 20 years)

Summary of Changes in the Product Warranty Accrual

Jonway	2013			2012
Balance as of  January 1	$	964		$	1,097
Provision for warranties		732			1,115
Charges against warranties		(858	)		(1,248	)
Balance December 31		838			964
Less: long term portion		(207	)		(229	)
Current portion	$	631		$	735