OTHER LONG-TERM ASSETS

12 Months Ended

Dec. 31, 2021

OTHER LONG-TERM ASSETS [Abstract]

OTHER LONG-TERM ASSETS

NOTE 8 – OTHER LONG-TERM ASSETS

At December 31, 2021 and 2020, other long-term assets consisted of the following:

	December 31,
	2021		2020
Prepayment for property - Lingang	$	42,111	$	39,450
Prepayment for property, plant and equipment and other non-current assets		440		-
Prepayment for property - lease deposit		429		-
Security deposit for land use right		773		756
Others		1,264		290
Total other long-term assets	$	45,017	$	40,496

The prepayment for property - Lingang is for the housing in Lingang, Shanghai, which consists of (1) the contractual amount to acquire the property and (2) capitalized interest charges on the long-term loan related to acquisition of the property, which amounted to $986 as of December 31, 2021. In January 2022, ACM Shengwei received ownership of the apartment units and corresponding land use rights. The property is pledged for a long-term loan from China Merchants Bank (note 12).