SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2016

Schedule of Foreign Currency Exchange Balance

The following table outlines the currency exchange rates that were used in creating the consolidated financial statements in this report:

	December 31, 2016	December 31, 2015
Balance sheet items, except for share capital, additional	$ 1=RMB 6.9448	$ 1=RMB 6.4917
paid in capital and retained earnings, as of year end

Amounts included in the statements of operations	$ 1=RMB 6.6414	$ 1=RMB 6.2288
and cash flows for the year

Schedule of Estimated Useful Lives of Property and Equipment

Costs of maintenance and repairs are charged to expense as incurred; significant renewals and betterments are capitalized. Estimated useful lives are as follows:

	Machinery and equipment	5-10 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

Summary of Changes in the Product Warranty Accrual

Should actual failure rates and material usage differ from our estimates, revisions to the warranty obligation may be required.

Jonway	2016			2015
Balance as of January 1	$	450		$	481
Provision for warranties		130			421
Charges against warranties		(154	)		(329	)
Balance December 31		426			573
Less: long term portion		(37	)		(123	)
Current portion	$	389		$	450