OTHER ASSETS (Details 1) $ in Thousands	Sep. 30, 2020 USD ($)
RMB
Original investment	$ 10,000
Less: management Fee	(5,000)
Net investment	5,000
Less: share of loss on joint venture	(137)
Net investment as down payment	4,863	[1]
Loans receivable	5,000
Interest receivable	1,250
Less: impairment of interest	(906)
Transferred to down payment	5,344	[2]
Down payment for purchase of investment properties	10,207
USD
Original investment	1,606
Less: management Fee	(803)
Net investment	803
Less: share of loss on joint venture	(22)
Net investment as down payment	781	[1]
Loans receivable	814
Interest receivable	200
Less: impairment of interest	(150)
Transferred to down payment	864	[2]
Down payment for purchase of investment properties	$ 1,645

[1] On December 2, 2010, the Company signed a Joint Venture agreement (agreement) with Jia Sheng Property Development Co. Ltd. (Developer) to form a new company, Jun Zhou Co., Limited (Joint Venture or Jun Zhou) to joint develop the Singapore Themed Park project (the project), where the Company paid RMB10 million for the 10% investment in the joint venture. The Developer paid Company management fee of RMB5 million in cash upon signing of the agreement with a remaining fee of RMB5 million payable upon fulfilment of certain conditions in accordance with the agreement. The Company further reduced its investment by RMB137, or approximately $22 towards the losses from operations incurred by the joint venture.

[2] Amounts of RMB 5,000 or approximately $814 as disclosed in Note 5, plus the interest receivable on long term loan receivable of RMB 1,250 or approximately $200 and impairment on interest of RMB 906 or approximately $150.