Other receivables, net (Tables)

9 Months Ended

Sep. 30, 2015

Other Receivables Disclosure [Abstract]

Schedule Of Other Receivables [Table Text Block]

The Company’s other receivables as of September 30, 2015 and December 31, 2014 are summarized as follows (figures are in thousands of USD):

	September 30, 2015		December 31, 2014
Other receivables - unrelated parties ⁽¹⁾	$	1,400	$	707
Other receivables - employee housing loans ⁽²⁾		2,249		990
Less: allowance for doubtful accounts- unrelated parties		(64)		(78)
Other receivables, net - unrelated parties	$	3,585	$	1,619

	September 30, 2015		December 31, 2014
Other receivables - related parties ⁽¹⁾	$	643	$	725
Less: allowance for doubtful accounts- related parties		(640)		(649)
Other receivables, net - related parties	$	3	$	76

(1)

Other receivables consist of amounts advanced to both related and unrelated parties, primarily as unsecured demand loans. These receivables originate as part of the Company's normal operating activities and are periodically settled in cash.

(2)

On May 28, 2014, the board of directors of the Company approved a loan program under which the Company will lend an aggregate of up to RMB50.0 million, equivalent to approximately $8.1 million, to the employees of the Company to assist them in purchasing houses. Employees are required to pay interest at an annual rate of 5.4%. The term of the loans is generally five years.