Operating leases as lessor

12 Months Ended

Dec. 31, 2014

16.

Operating leases as lessor

On March 25, 2014, the company entered into an operating lease agreement to lease out certain of its buildings located in Shenzhen. The lease term is 3 years from May 1, 2014 to April 30, 2017. The minimum lease payments to be received in the next three years consist of the following:


Years ending December 31,	Minimum lease payments
2015	$	2,772
2016		2,772
2017		924

Total minimum lease payments to be received	$	6,468

- Definition

The entire disclosure for operating leases of a lessor. This may include a general description of lessor's leasing arrangements for operating leases, including the basis on which contingent rental payments are determined, the existence and terms of renewal or purchase options and escalation clauses, restrictions imposed by lease arrangements, such as those concerning dividends, additional debt, and further leasing, rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions.

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