RELATED PARTY TRANSACTIONS (Tables)

12 Months Ended

Dec. 31, 2016

Schedule of Amount Due To/From Related Parties

Due from (to) related parties

Amount due from related parties are principally for advances in the normal course of business for parts and suppliers used in manufacturing. Amount due from related parties are as follows (in thousands):

	December 31, 2016		December 31, 2015
Sanmen Branch of Zhejiang UFO Automobile Manufacturing Co., Ltd	$	874	$	998
Jonway Motor Cycle		262		-
Jonway Economy and Trade Co., Ltd		-		616
Total	$	1,136	$	1,614

Accounts receivable – related parties are as follows:

	December 31, 2016		December 31, 2015
Jonway EV Selling Ltd	$	3,072	$	4,659
Sanmen Branch of Zhejiang UFO Automobile Manufacturing Co., Ltd		250		212
Jonway Motor Cycle		305		301
	$	3,627	$	5,172

Amount due to related parties are follows (in thousands):

	December 31, 2016		December 31, 2015
Jonway Group	$	13,384	$	12,606
Jonway Motor Cycle		63		64
Taizhou Huadu		-		846
Shanghai Zapple		33		35
Mr. Wang		7		74
Betterworld		149		149
Taizhou Jonway Electric Vehicle Selling Co		80		-
Zhejiang Jonway Painting Co. Ltd.		-		11
Cathaya Operations Management Ltd.		257		193
Zhejiang Aochuang Alternative Energy Vehicle Co., Ltd.		424		-
Total	$	14,397	$	13,978

Schedule of Sales made by related parites

The sales made to related parties are as follows:

	December 31, 2016		December 31, 2015
Sanmen Branch of Zhejiang UFO Automobile Manufacturing Co., Ltd	$	38	$	296
Taizhou Jonway Electric Vehicle Selling Co		-		3,945
Jonway Group		-		5
Jonway Motor Cycle		4		231
Total	$	42	$	4,477

Schedule of Due to related parties included in accounts payable

Due to related parties included in accounts payable as follows:

	December 31, 2016		December 31, 2015
Jonway Group	$	2,512	$	-
Taizhou Huadu		966		-
	$	3,478	$	-

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