Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2014

Commitments and Contingencies Disclosure [Abstract]

Contractual Obligation, Fiscal Year Maturity Schedule [Table Text Block]

In addition to bank loans, notes payables and the related interest, the following table summarizes the Company’s noncancelable commitments and having initial terms in excess of one year as of December 31, 2014 (figures are in thousands of USD):

	Payment Obligations by Period
	2015		2016		2017		2018		Thereafter		Total
Obligations for investment contracts (1)	$	1,634	$	3,269	$	2,451	$	-	$	-	$	7,354
Obligations for purchasing and service		6,981		205		-		-		-		7,186
Total	$	8,615	$	3,474	$	2,451	$	-	$	-	$	14,540

(1) On September 22, 2014, Hubei Henglong entered into an agreement with seven other parties to establish the Venture Fund, under which Hubei Henglong has committed to make investments of 17.9% or RMB50.0 million (equivalent to approximately $8.2 million) into the Venture Fund in three installments. On October 20, 2014, Hubei Henglong made its first capital contribution of RMB5.0 million (equivalent to approximately $0.8 million). The remaining capital commitment of RMB45.0 million (equivalent to approximately $7.4 million) will be paid upon capital calls received from the Venture Fund.