5. OTHER RECEIVABLES

As of June 30, 2015, other receivables mainly consisted of a guarantee deposit of $1.47 million which was made in the name of an officer of the Company to guarantee a bank note issued to the Company, the Company paid the guarantee deposit to the officer’s personal bank account at the request of the bank for the Company to get the bank note, and the bank will use the guarantee deposit to pay back the note when it is matured and the guarantee deposit can not be withdrawn by the officer before the maturity date of the bank note; advance to third parties of $0.07 million, bearing no interest, payable upon demand; advances to employees of $0.04 million, bearing no interest, payable upon demand; and maintenance cost and tax receivable of $0.50 million. As of December 31, 2014, other receivables mainly consisted of advance to third party of $0.56 million, bore no interest, payable upon demand; advance to employees of $0.04 million, bore no interest, payable upon demand; and maintenance cost and tax receivable of $0.1 million.