Prepaid Land Lease Payments

12 Months Ended

Dec. 31, 2020

Prepaid Land And Lease Payments [Abstract]

Prepaid Land Lease Payments

8. Prepaid Land Lease Payments

	December 31,
	2020		2019
Prepaid land lease payments	$	11,066	$	10,372
Less: accumulated amortization		2,819		2,407
Net carrying value	$	8,247	$	7,965

Prepaid land lease payments of Sinovac Dalian with a net book value of $2,196 (RMB 14.3 million) were pledged as collateral (note 11 (f)) for a bank loan from Guangdong Development Bank.

Amortization expense for prepaid land lease payments for the year ended December 31, 2020 was $238 (2019 - $238, 2018 - $249).