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Land Use Rights, Net
12 Months Ended
Dec. 31, 2021
Land Use Rights Net [Abstract]  
LAND USE RIGHTS, NET

8. LAND USE RIGHTS, NET

 

Land use rights consisted of the following:

 

   December 31,
2020
   December 31,
2021
 
Cost of land use rights  $16,007   $16,390 
Less: accumulated amortization   (2,006)   (2,382)
Land use rights, net  $14,001   $14,008 

 

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 $302, $303 and $325 for the years ended December 31, 2019, 2020 and 2021, respectively. Future amortization expense is $325 per year for each of the next five years through December 31, 2026 and thereafter.