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LONG-TERM BORROWINGS (Tables)

9 Months Ended

Sep. 30, 2023

Long-Term Debt, by Current and Noncurrent [Abstract]

At September 30, 2023 and December 31, 2022, long-term borrowings consisted of the following:


	September 30, 2023		December 31, 2022
Loan from China Merchants Bank	$	13,595	$	15,265
Loans from Bank of China	5,015		5,744
Loan from Bank of Shanghai	13,930		—
Loan from China CITIC Bank	13,930		—
Less: Current portion	(6,717)		(2,322)
	$	39,753	$	18,687

Principal Payments for Outstanding Long-Term Loan

Scheduled principal payments for the outstanding long-term loan, including the current portion, as of September 30, 2023 are as follows:


Year ending December 31
Reminder of 2023	$	482
2024	6,664
2025	29,591
2026	1,830
2027	1,903
Thereafter	6,000
	$	46,470

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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