v3.22.2.2
BONDS PAYABLE (Tables)
9 Months Ended
Sep. 30, 2022
Bonds Payable [Abstract]  
Schedule of Bonds Payable
December 31,
2021
September 30,
2022
Bonds payable-current
Huzhou Saiyuan Equity Investment Partnership Firm (Limited Partnership) ("Huzhou Saiyun")$— $29,259 
Total$ $29,259 
Long–term bonds payable  
Huzhou Saiyuan$73,147 $43,888 
Total$73,147 $43,888 
Schedule of Bank Borrowings Repayment and Interest
On September 28, 2020, MPS signed a supplemental agreement for extension on repayment of convertible bonds to Huzhou Saiyuan, and the terms on repayments and interests are as follows.

Issuance DateSubscribed AmountMaturity DateRepayment AmountAnnual
Interest
Rate
February 1, 2019
$29,259 (RMB200 million)
June 30, 2023
$29,259 (RMB200 million)
3%~4%
December 31, 2018
$29,259 (RMB200 million)
April 28, 2024
$14,629 (RMB100 million)
0%~4%
July 11, 2024
$7,315 (RMB50 million)
0%~4%
October 1, 2024
$7,315 (RMB50 million)
0%~4%
January 1, 2020
$14,629 (RMB100 million)
April 13, 2026
$14,629 (RMB100 million)
3%~4%