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LONG-TERM BORROWINGS (Tables)
12 Months Ended
Dec. 31, 2021
LONG-TERM BORROWINGS [Abstract]  
Long-Term Borrowings
At December 31, 2021 and 2020, long-term borrowings consisted of the following:

 
December 31,
 
   
2021
   
2020
 
Loan from China Merchants Bank
 
$
18,390
   
$
19,570
 
Loans from Bank of China     6,977       -  
Less: Current portion
   
(2,410
)
   
(1,591
)
   
$
22,957
   
$
17,979
 
Principal Payments for Outstanding Long-Term Loan
Scheduled principal payments for the outstanding long-term loan as of December 31, 2021 are as follows:

Year ending December 31,
     
2022
 
$
2,410
 
2023
   
2,491
 
2024
   
7,436
 
2025
   
1,959
 
2026 and onwards
   
11,071
 
   
$
25,367