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Government Subsidies
12 Months Ended
Dec. 31, 2021
Government Grants And Subsidies [Abstract]  
Government Subsidies

16. GOVERNMENT SUBSIDIES

 

From April through December of 2020, the Singapore government announced a series of relief measures for wages paid to local employees with the purpose of supporting employers during this period of economic uncertainty related to the COVID-19 pandemic, including the co-funding of wages incurred by local employers in fiscal 2020. The Company recorded a total amount $3.1 million subsidies in fiscal 2020.

 

The Company also received unconditional subsidies of $0.7 million and $1.5 million from the Chinese government during fiscal 2021 and 2020, respectively. These subsidies were recognized as other income in the consolidated statements of operations. In addition, the Chinese government reduced the cost of certain social insurance requirements and also subsidized rent which benefited the Company by $1.6 million in fiscal 2020. These subsidies were recorded as an offset to cost of revenues and other operating expenses.