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Bank Loans and Banking Facilities (Tables)
12 Months Ended
Dec. 31, 2019
Debt Disclosure [Abstract]  
Schedule of Bank Loans and Banking Facilities

Bank loans consisted of the following:

At December 31,

 

2019

 

Short-term bank loan

 

$

1,433

 

Debt issuance cost

 

 

(23

)

Total short-term debt

 

$

1,410

 

 

 

 

 

 

Long-term bank loans

 

$

96,354

 

Debt issuance cost

 

 

(412

)

Total debt

 

 

95,942

 

Less: current maturities

 

 

(2,081

)

Total long-term debt

 

$

93,861

 

Schedule of Maturities of Long-term Bank Loan

Future maturities of long-term bank loan are as follows:

At December 31,

 

2019

 

2020

 

$

2,235

 

2021

 

 

7,338

 

2022

 

 

15,048

 

2023

 

 

9,933

 

2024

 

 

12,125

 

Thereafter

 

 

49,675

 

Total

 

$

96,354

 

Schedule of Bank Loans

The details of bank loans during the year ended December 31, 2019 are as follows:

 

 

 

Repayment frequency

 

Loan from Bank of Beijing (1)

Due August 15, 2022, at 6.46% per annum

$

7,163

 

          Quarterly

 

Loan from Bank of China (2)

Due November 7, 2028, at 6.272% per annum

 

73,052

 

Semi-annually

 

Loan from Shenzhen Rural Commercial Bank (3)

Due December 20, 2024, at 6.15% per annum

 

12,034

 

                         Note (6)

 

Loan from China Everbright Bank (4)

Due October 20, 2020, at 5.22% per annum

 

1,433

 

          Quarterly

 

Loan from Industrial Bank (5)

Due October 20, 2022, at 6.175% per annum

 

4,298

 

        Quarterly

 

Total

$

97,980