XML 58 R26.htm IDEA: XBRL DOCUMENT v2.4.0.8
RELATED PARTIES (Tables)
9 Months Ended
Sep. 30, 2014
RELATED PARTIES [Abstract]  
Schedule of Amount Due To/From Related Parties
Amount due from related parties are as follows:
           
   
September 30, 2014
   
December 31, 2013
 
Sanmen Branch of Zhejiang UFO Automobile
Manufacturing Co., Ltd
  $ 2,767     $ 4,973  
JAZ
    1,166       961  
ZAP Hangzhou
    40       127  
Total
  $ 3,973     $ 6,061  
                 
                 
                 
Amount due to related parties are follows:
               
   
September 30, 2014
   
December 31, 2013
 
Jonway Group
  $ 4,213     $ 303  
Jonway Motor Cycle
    134       113  
Taizhou Huadu
    701       631  
Shanghai Zapple
    37       36  
Ms. Lu
    -       30  
Mr. Wang     560       -  
Betterworld
    149       149  
Taizhou Jonway Electric Vehicle Selling Co     953       -  
Cathaya Capital
    334       1,147  
Total
  $ 7,081     $ 2,409  
Schedule of Contract Rates
According to the contract, Jonway shall pay Zhejiang UFO a variable contractual fee which is calculated based on the number of SUVs that Jonway assembles in the Sanmen Branch every year, at the following rates (historical exchange rate):
 
 
The first 3,000 vehicles
$44 per vehicle
Vehicles from 3,001 to 5,000
$30 per vehicle
Vehicles over 5,000
$22 per vehicle