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LINE OF CREDIT, SHORT TERM DEBT AND BANK ACCEPTANCE NOTES (Schedule of Short-Term Debt) (Details) - USD ($)
$ in Thousands
1 Months Ended 12 Months Ended
Oct. 13, 2016
Oct. 12, 2016
Jun. 08, 2016
Jul. 28, 2016
Jul. 22, 2016
Jun. 22, 2016
Mar. 25, 2016
Oct. 30, 2015
Dec. 31, 2016
Dec. 31, 2015
Oct. 31, 2015
Short-term Debt [Line Items]                      
Short term debt                 $ 10,442 $ 7,702  
Repayment of short term loans                 7,836 6,157  
Citic Bank [Member]                      
Short-term Debt [Line Items]                      
Short term debt [1]                 5,328 3,081  
Face amount             $ 5,300       $ 3,100
Term             1 year 6 months      
Interest rate             5.96%       5.90%
Collateral amount             $ 4,400        
Debt Instrument, Maturity Date               Apr. 30, 2016      
Beginning maturity date             Mar. 25, 2017        
Ending maturity date             Apr. 26, 2017        
Industrial And Commercial Bank Of China [Member]                      
Short-term Debt [Line Items]                      
Short term debt [2]                 4,320 4,621  
Face amount $ 1,000 $ 1,300 $ 300   $ 1,000 $ 700     4,600    
Term 1 year 1 year 1 year   1 year 1 year          
Interest rate 5.00% 5.00% 5.00%   5.00% 4.40%          
Collateral amount                 4,300    
Restricted cash deposit           $ 700     2,900    
Hangzhou Hengzhong Machinery Ltd. [Member]                      
Short-term Debt [Line Items]                      
Short term debt [3]                 $ 794  
Term       1 month              
Interest rate       1.50%              
Weighted average interest rate                 5.80% 6.40%  
Hangzhou Hengzhong Machinery Ltd. [Member] | Maximum [Member]                      
Short-term Debt [Line Items]                      
Interest rate       9.34%              
[1] From March 25, 2016 to April 26, 2016, the Company entered multiple loan agreements through Jonway Auto with CITIC Bank Sanmen Brank for a total amount of approximately $5.3 million. The loans have annual interest of 5.96% and are due in various dates from March 25, 2017 to April 26, 2017. The loans are also secured by a land use right and a building with a total carrying amount of $4.4 million. One shareholder and CEO Alex Wang personally guaranteed these loans as well. In October 2015, Jonway Auto borrowed a half year short-term loan of $3.1 million at annual interest rate of 5.9%. The loan was repaid upon maturity in April 2016.
[2] On June 8, 2016, the Company entered into a one year short-term loan of $0.3 million at an annual interest rate of 5%. On July 22, 2016, the Company entered into a one year short-term loan of $1.0 million at an annual interest rate of 5%. On October 12, 2016, the Company entered into a one year short-term loan of $1.3 million at an annual interest rate of 5%. On October 13, 2016, the Company entered into a one year short-term loan of $1.0 million at an annual interest rate of 5%. These loans with aggregated amount of $4.3 million are secured by a land use right and a building with a total carrying amount of $2.9 million. One shareholder, Wang Huaiyi, and CEO Alex Wang also personally guaranteed these loans. On June 22, 2016, the Company entered into a one year short-term loan of $0.7 million at an annual interest rate of 4.4%. The loan is secured by a restricted cash deposit of $0.7 million. The Company fully repaid five loans totaling $4.6 million during 2016.
[3] On July 28, 2016, the Company entered into an agreement with Hangzhou Zhongheng Machinery Ltd. ("Zhongheng"). Pursuant to the agreement, Zhongheng paid off one loan on behalf of the Company, and the Company would repay the outstanding payable due to Zhongheng within two months after Zhongheng made the payment on behalf of the Company. In exchange for the service, the Company agreed to pay a monthly interest of 1.5% on the payment made by Zhongheng. The 1.5% monthly interest is equivalent to a compound annual interest rate of about 9.34%.