Land Use Rights, Net

12 Months Ended

Dec. 31, 2020

Land Use Rights Net [Abstract]

LAND USE RIGHTS, NET

7. LAND USE RIGHTS, NET

Land use rights consisted of the following:

	December 31, 2019			December 31, 2020
Cost of land use rights	$	15,002		$	16,007
Less: accumulated amortization		(1,580	)		(2,006	)
Land use rights, net	$	13,422		$	14,001

The land use rights were acquired for the use of the Group’s production facilities. Land use rights are amortized on a straight-line basis for 50 years or shorter of the estimated usage periods or the terms of the land use rights agreements. The Group recorded amortization expenses of $316, $302 and $303 for the years ended December 31, 2018, 2019 and 2020, respectively. Future amortization expense is $302 per year for each of the next five years through December 31, 2025 and thereafter.