Related party balance and transaction
|12 Months Ended|
Dec. 31, 2016
|Related Party Transactions [Abstract]|
|Related Party Transactions Disclosure [Text Block]||
Related party balance
The outstanding amounts of Yipeng were as follows:
(1) Other receivable represented the difference between the transfer of equipment to Yipeng approximately $7.2 million and the capital injection in Yipeng by equipment approximately $6.8 million. The receivable will be settled in 2017.
(2) Accounts payable represented $1.3 million technical support fee and $0.2 million equipment rental fee to Yipeng.
(3) Other payable represented the rental security deposit received from Yipeng and will be returned when the rental contract is due in 2017.
Related party transaction
The details of the transactions with Yipeng were as follows:
The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.
Reference 1: http://www.xbrl.org/2003/role/presentationRef