v3.22.2.2
RELATED PARTY BALANCES AND TRANSACTIONS
9 Months Ended
Sep. 30, 2022
Related Party Transactions [Abstract]  
RELATED PARTY BALANCES AND TRANSACTIONS RELATED PARTY BALANCES AND TRANSACTIONS
NameRelationship with the Group
Ochem Chemical Co., Ltd (“Ochem”)Controlled by CEO
Ochemate Material Technologies Co., Ltd (“Ochemate”)Controlled by CEO
(1)Related party transaction
Three Months Ended September 30,Nine Months Ended September 30,
2021202220212022
Raw material sold to Ochem$113 $— $406 $— 
(2)Interest-free loans

MPS received certain interest-free loans from related parties, Ochemate and Ochem, for the nine months ended September 30, 2021 and 2022 with aggregated amounts of $8,426 and $0, respectively.
The outstanding balance for the amount due from Ochem was $85 as of December 31, 2021 and $0 as of September 30, 2022, respectively.