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Prepaid Land Lease Payments
12 Months Ended
Dec. 31, 2016
Leases [Abstract]  
Prepaid Land Lease Payments [Text Block]
10.
Prepaid Land Lease Payments
 
 
 
December 31,
 
 
 
2016
 
2015
 
Prepaid land lease payments
 
$
10,400
 
$
11,147
 
Less: accumulated amortization
 
 
1,703
 
 
1,573
 
Net carrying value
 
$
8,697
 
$
9,574
 
  
Prepaid land lease payments of the Changping facilities of Sinovac Beijing with a net book value of $2,473 (RMB 17.2 million) were pledged as collateral (note 11 (e), 11(j)) for a bank loan from China Construction Bank.
 
Prepaid land lease payments of Sinovac Beijing with a net book value of $297 (RMB2.1 million) were pledged as collateral (note 11 (i)) for a bank loan from Bank of Beijing.
 
Prepaid land lease payments of Sinovac Dalian with a net book value of $3,225 (RMB22.4 million) were pledged as collateral (note 11 (c)) for a bank loan from Bank of China.
 
Amortization expense for prepaid land lease payments for the year ended December 31, 2016 was $247 (2015 - $261, 2014 - $267).