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Restricted Cash
3 Months Ended
Mar. 31, 2022
Restricted Cash [Abstract]  
RESTRICTED CASH

NOTE 5 RESTRICTED CASH

 

As of March 31, 2022 and December 31, 2021, restricted cash of $40.9 million (RMB260.0 million) and $39.2 million (RMB250.0 million) were cash on demand and time deposits pledged to Shanghai Pudong Development Bank for loans. As of March 31, 2022 and December 31, 2021, restricted cash of $1.6 million (RMB10.0 million) and $1.6 million (RMB10.0 million) were cash on demand and time deposits pledged to Nanjing Bank. (see Note 6)