Document And Entity Information
Document And Entity Information - USD ($) | 12 Months Ended | ||
Dec. 31, 2018 | Apr. 12, 2019 | Jun. 30, 2018 | |
Document Information [Line Items] | |||
Entity Registrant Name | ChinaNet Online Holdings, Inc. | ||
Entity Central Index Key | 0001376321 | ||
Trading Symbol | cnet | ||
Current Fiscal Year End Date | --12-31 | ||
Entity Filer Category | Non-accelerated Filer | ||
Entity Current Reporting Status | Yes | ||
Entity Voluntary Filers | No | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Emerging Growth Company | false | ||
Entity Small Business | true | ||
Entity Common Stock, Shares Outstanding (in shares) | 16,412,543 | ||
Entity Public Float | $ 26,608,937 | ||
Entity Shell Company | false | ||
Document Type | 10-K | ||
Document Period End Date | Dec. 31, 2018 | ||
Document Fiscal Year Focus | 2018 | ||
Document Fiscal Period Focus | FY | ||
Amendment Flag | false |
Consolidated Balance Sheets
Consolidated Balance Sheets ¥ in Thousands, $ in Thousands | Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($) | ||
Current assets | ||||
Cash and cash equivalents | $ 3,742 | $ 2,952 | ||
Accounts receivable, net of allowance for doubtful accounts of $3,393 and $2,793, respectively | 6,359 | 7,215 | ||
Other receivables, net | 19 | 2,646 | ||
Prepayment and deposit to suppliers | 2,154 | 4,073 | ||
Due from related parties, net | 226 | 14 | ||
Total current assets | 12,500 | 16,900 | ||
Long-term investments | 918 | |||
Property and equipment, net | 142 | 299 | ||
Intangible assets, net | 45 | 3,808 | ||
Blockchain application platform development costs | 3,725 | |||
Goodwill | 5,277 | |||
Deferred tax assets, net | 556 | 1,358 | ||
Total Assets | 16,968 | 28,560 | ||
Current liabilities | ||||
Short-term bank loan * | [1] | 874 | 765 | |
Accounts payable * | [1] | 2,869 | 2,851 | |
Advances from customers * | [1] | 1,061 | 3,559 | |
Accrued payroll and other accruals * | [1] | 521 | 559 | |
Due to investors related to terminated security purchase agreements | 938 | |||
Payable for purchasing of software technology * | [1] | 436 | ||
Taxes payable * | [1] | 2,997 | 3,168 | |
Other payables * | [1] | 118 | 687 | |
Total current liabilities | 8,440 | 12,963 | ||
Long-term liabilities: | ||||
Long-term borrowing from a director | 128 | 134 | ||
Warrant liabilities | 606 | |||
Total Liabilities | 9,174 | 13,097 | ||
Commitments and contingencies | ||||
Equity: | ||||
Common stock (US$0.001 par value; authorized 50,000,000 shares; issued and outstanding 16,382,543 shares and 13,982,542 shares at December 31, 2018 and 2017, respectively) | 16 | 14 | ||
Additional paid-in capital | 38,275 | 31,554 | ||
Statutory reserves | 2,607 | 2,607 | ||
Accumulated deficit | (34,512) | (20,487) | ||
Accumulated other comprehensive income | 1,457 | 1,598 | ||
Total ChinaNet Online Holdings, Inc.’s stockholders’ equity | 7,843 | 15,286 | ||
Noncontrolling interests | (49) | 177 | ||
Total equity | 7,794 | 15,463 | ||
Total Liabilities and Equity | $ 16,968 | $ 28,560 | ||
[1] | All of the VIEs' assets can be used to settle obligations of their primary beneficiary. Liabilities recognized as a result of consolidating these VIEs do not represent additional claims on the Company's general assets (Note 2). |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Allowance for doubtful accounts | $ 3,393 | $ 2,793 |
Common stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Common stock, shares authorized (in shares) | 50,000,000 | 50,000,000 |
Common stock, shares issued (in shares) | 16,382,543 | 13,982,542 |
Common stock, shares outstanding (in shares) | 16,382,543 | 13,982,542 |
Consolidated Statements of Oper
Consolidated Statements of Operations and Comprehensive Loss - USD ($) | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Revenues | ||
Revenues | $ 57,146,000 | $ 46,633,000 |
Cost of revenues | 54,728,000 | 42,020,000 |
Gross profit | 2,418,000 | 4,613,000 |
Operating expenses | ||
Sales and marketing expenses | 1,970,000 | 2,734,000 |
General and administrative expenses | 5,486,000 | 7,464,000 |
Research and development expenses | 933,000 | 1,261,000 |
Impairment on intangible assets | 3,330,000 | 2,552,000 |
Impairment on goodwill | 5,211,000 | 0 |
Total operating expenses | 16,930,000 | 14,011,000 |
Loss from operations | (14,512,000) | (9,398,000) |
Other income/(expenses) | ||
Change in fair value of warrant liabilities | 1,669,000 | |
Impairment on long-term investments | (453,000) | (44,000) |
Interest expense, net | (37,000) | (107,000) |
Other expenses | (30,000) | (211,000) |
Total other income/(expense) | 1,149,000 | (362,000) |
Loss before income tax expense and noncontrolling interests | (13,363,000) | (9,760,000) |
Income tax expense | (764,000) | (251,000) |
Net loss | (14,127,000) | (10,011,000) |
Net loss/(income) attributable to noncontrolling interests | 102,000 | (114,000) |
Net loss attributable to ChinaNet Online Holdings, Inc. | (14,025,000) | (10,125,000) |
Net loss | (14,127,000) | (10,011,000) |
Foreign currency translation (loss)/gain | (135,000) | 907,000 |
Comprehensive Loss | (14,262,000) | (9,104,000) |
Comprehensive loss/(income) attributable to noncontrolling interests | 96,000 | (123,000) |
Comprehensive loss attributable to ChinaNet Online Holdings, Inc. | $ (14,166,000) | $ (9,227,000) |
Loss per share | ||
Basic and diluted (in dollars per share) | $ (0.88) | $ (0.84) |
Weighted average number of common shares outstanding: | ||
Basic and diluted (in shares) | 15,863,894 | 12,116,783 |
Unrelated Parties [Member] | ||
Revenues | ||
Revenues | $ 57,146,000 | $ 46,598,000 |
Related Parties [Member] | ||
Revenues | ||
Revenues | $ 35,000 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Cash flows from operating activities | ||
Net loss | $ (14,127,000) | $ (10,011,000) |
Adjustments to reconcile net loss to net cash used in operating activities | ||
Depreciation and amortization | 541,000 | 1,422,000 |
Share-based compensation expenses | 233,000 | 2,271,000 |
Provision of allowances for doubtful accounts | 1,523,000 | 1,462,000 |
Impairment on intangible assets | 3,330,000 | 2,552,000 |
Impairment on goodwill | 5,211,000 | 0 |
Impairment on long-term investments | 453,000 | 44,000 |
Change in fair value of warrant liabilities | (1,669,000) | |
Loss on disposal of fixed assets | 2,000 | |
Deferred taxes | 764,000 | 251,000 |
Changes in operating assets and liabilities | ||
Accounts receivable | (232,000) | (4,848,000) |
Other receivables | 25,000 | 78,000 |
Prepayment and deposit to suppliers | 1,345,000 | 948,000 |
Due from related parties | (178,000) | (7,000) |
Accounts payable | 161,000 | 2,654,000 |
Advances from customers | (2,414,000) | 1,985,000 |
Accrued payroll and other accruals | 28,000 | 141,000 |
Other payables | (307,000) | (58,000) |
Taxes payable | (20,000) | 76,000 |
Net cash used in operating activities | (5,389,000) | (1,320,000) |
Cash flows from investing activities | ||
Payment for office equipment | (11,000) | (4,000) |
Withdraw long-term investment in an ownership interest investee | 453,000 | 444,000 |
Short-term loan to unrelated parties | (2,107,000) | (2,814,000) |
Collection of short-term loan from unrelated parties | 4,676,000 | 296,000 |
Payment for acquisition of noncontrolling interest | (1,889,000) | |
Payment for blockchain application platform development costs | (3,738,000) | |
Purchase of software technology | (431,000) | |
Net cash used in investing activities | (3,047,000) | (2,078,000) |
Cash flows from financing activities | ||
Proceeds from issuance of common stock and warrant (net of cash offering cost of US$809) | 10,263,000 | |
Repayment to investors related to terminated security purchase agreements | (922,000) | 0 |
Proceeds from short-term bank loan | 907,000 | 741,000 |
Repayment of short-term bank loan | (756,000) | (741,000) |
Net cash provided by financing activities | 9,492,000 | |
Effect of exchange rate fluctuation on cash, cash equivalents, and restricted cash | (266,000) | 259,000 |
Net increase/(decrease) in cash, cash equivalents and restricted cash | 790,000 | (3,139,000) |
Cash, cash equivalents, and restricted cash at beginning of the year | 2,952,000 | 6,091,000 |
Cash, cash equivalents, and restricted cash at end of the year | 3,742,000 | 2,952,000 |
Supplemental disclosure of cash flow information | ||
Income taxes paid | ||
Interest expense paid | 157,000 | 38,000 |
Non-cash transactions: | ||
Payable for purchasing of software technologies | $ 436,000 |
Consolidated Statements of Ca_2
Consolidated Statements of Cash Flows (Parentheticals) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Issuance of common stock, cost | $ 809 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Equity - USD ($) $ in Thousands | Private Placement [Member]Common Stock [Member] | Private Placement [Member]Additional Paid-in Capital [Member] | Private Placement [Member]Statutory Reserves [Member] | Private Placement [Member]Retained Earnings [Member] | Private Placement [Member]AOCI Attributable to Parent [Member] | Private Placement [Member]Noncontrolling Interest [Member] | Private Placement [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Statutory Reserves [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Noncontrolling Interest [Member] | Total |
Balance (in shares) at Dec. 31, 2016 | 12,158,542 | |||||||||||||
Balance at Dec. 31, 2016 | $ 12 | $ 29,285 | $ 2,607 | $ (10,362) | $ 700 | $ 54 | $ 22,296 | |||||||
Share-based compensation related to awards provided to employees and directors in 2017 (in shares) | 1,650,000 | |||||||||||||
Share-based compensation related to awards provided to employees and directors in 2017 | $ 2 | 1,703 | 1,705 | |||||||||||
Share-based payment in exchange for services from nonemployees (in shares) | 174,000 | |||||||||||||
Share-based payment in exchange for services from nonemployees | 234 | 234 | ||||||||||||
Share-based compensation related to awards provided to employees and directors in 2015 | 332 | 332 | ||||||||||||
Net loss | (10,125) | 114 | (10,011) | |||||||||||
Foreign currency translation (loss)/gain | 898 | 9 | 907 | |||||||||||
Balance (in shares) at Dec. 31, 2017 | 13,982,542 | |||||||||||||
Balance at Dec. 31, 2017 | $ 14 | 31,554 | 2,607 | (20,487) | 1,598 | 177 | 15,463 | |||||||
Share-based compensation related to awards provided to employees and directors in 2017 (in shares) | ||||||||||||||
Share-based payment in exchange for services from nonemployees (in shares) | 250,000 | |||||||||||||
Share-based payment in exchange for services from nonemployees | 421 | 421 | ||||||||||||
Share-based compensation related to awards provided to employees and directors in 2015 | 152 | 152 | ||||||||||||
Net loss | (14,025) | (102) | (14,127) | |||||||||||
Foreign currency translation (loss)/gain | (141) | 6 | (135) | |||||||||||
Issuance of common stock for private placement, net of $1.89 million proceeds allocated to investor warrants labilities and $1.20 million direct offering costs (including $0.39 million proceeds allocated to placement agent warrants liabilities), respectively (in shares) | 2,150,001 | |||||||||||||
Issuance of common stock for private placement, net of $1.89 million proceeds allocated to investor warrants labilities and $1.20 million direct offering costs (including $0.39 million proceeds allocated to placement agent warrants liabilities), respectively | $ 2 | $ 7,986 | $ 7,988 | |||||||||||
Purchase noncontrolling interests in a Variable Interest Entity | (1,838) | (130) | (1,968) | |||||||||||
Balance (in shares) at Dec. 31, 2018 | 16,382,543 | |||||||||||||
Balance at Dec. 31, 2018 | $ 16 | $ 38,275 | $ 2,607 | $ (34,512) | $ 1,457 | $ (49) | $ 7,794 |
Consolidated Statements of Ch_2
Consolidated Statements of Changes in Equity (Parentheticals) - USD ($) $ in Thousands | Jan. 17, 2018 | Dec. 31, 2018 |
Investor Warrants [Member] | Private Placement [Member] | ||
Proceeds allocated to warrant liabilities | $ 1,890 | |
Investor Warrants [Member] | ||
Proceeds allocated to warrant liabilities | $ 1,890 | 503 |
Placement Agent Warrants [Member] | Private Placement [Member] | ||
Proceeds allocated to warrant liabilities | 390 | |
Placement Agent Warrants [Member] | ||
Proceeds allocated to warrant liabilities | 385 | 103 |
Private Placement [Member] | ||
Direct offering costs | 1,200 | 1,200 |
Proceeds allocated to warrant liabilities | $ 2,275 | $ 606 |
Note 1 - Organization and Natur
Note 1 - Organization and Nature of Operations | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Nature of Operations [Text Block] | 1. Organization and nature of operations ChinaNet Online Holdings, Inc. (the “Company”) was incorporated in the State of Texas in April 2006 October 2006. June 26, 2009, search engine marketing service the Company purchased from key search engines, online advertising placements on the Company’s advertising portals, sales of effective sales lead information and provision of TV advertising service. In early 2018, December 31, 2018, 11 The Company’s wholly owned subsidiary, China Net BVI was incorporated in the British Virgin Islands on August 13, 2007. April 11, 2008, PRC regulations prohibit direct foreign ownership of business entities providing internet content, or ICP services in the PRC, and used to restrict foreign ownership of business entities engaging in the advertising business, which was subsequently lifted in June 2015. may Pursuant to the Contractual Agreements, all of the equity owners' rights and obligations of the VIEs were assigned to Rise King WFOE, which resulted in the equity owners lacking the ability to make decisions that have a significant effect on the VIEs, Rise King WFOE's ability to extract the profits from the operation of the VIEs and assume the residual benefits of the VIEs. Due to the fact that Rise King WFOE and its indirect parent are the sole interest holders of the VIEs, the Company included the assets, liabilities, revenues and expenses of the VIEs in its consolidated financial statements, which is consistent with the provisions of FASB Accounting Standards Codification ("ASC") Topic 810 10. As of December 31, 2018, Name of the subsidiary or VIE Place and date of incorporation Percentage of ownership Principal activities China Net Online Media Group Limited (“China Net BVI”) (1) British Virgin Islands, August 13, 2007 100% Investment holding company CNET Online Technology Limited (“China Net HK”) (1) Hong Kong, September 4, 2007 100% Investment holding company ChinaNet Investment Holding Ltd. (“ChinaNet Investment BVI”) (1) British Virgin Islands, January 12, 2015 100% Investment holding company Rise King Century Technology Development (Beijing) Co., Ltd. (“Rise King WFOE”) (1) PRC, January 17, 2008 100% Investment holding company Business Opportunity Online (Beijing) Network Technology Co., Ltd. (“Business Opportunity Online”) (2) PRC, December 8, 2004 100% Providing online advertising, precision marketing and the related data services Beijing CNET Online Advertising Co., Ltd. (“Beijing CNET” Online) (2) PRC, January 27, 2003 100% Providing TV advertising services ChinaNet Online Holdings Co., Ltd. (“ChinaNet Online PRC”) (1) PRC, August 31, 2015 100% Investment holding company Beijing Chuang Fu Tian Xia Network Technology Co., Ltd. (“Beijing Chuang Fu Tian Xia”) (2) PRC, March 1, 2011 100% Providing online advertising, precision marketing and the related data services Business Opportunity Online (Hubei) Network Technology Co., Ltd. (“Business Opportunity Online Hubei”) (2) PRC, January 28, 2011 100% Providing online advertising, precision marketing and the related data services Hubei CNET Advertising Media Co., Ltd. (“Hubei CNET”) (2) PRC, April 18, 2011 100% Providing TV advertising services Sheng Tian Network Technology (Hubei) Co., Ltd. (“Sheng Tian Hubei”) (2) PRC, July 1, 2011 100% Providing online advertising, precision marketing and the related data services Beijing Chuang Shi Xin Qi Advertising Media Co., Ltd. (“Beijing Chuang Shi Xin Qi”) (2) PRC, April 16, 2014 100% Providing online advertising, precision marketing and the related data services Beijing Shi Ji Cheng Yuan Advertising Media Co., Ltd. (“Beijing Shi Ji Cheng Yuan”) (2) PRC, May 22, 2014 100% Providing online advertising, precision marketing and the related data services Beijing Hong Da Shi Xing Network Technology Co., Ltd. (“Beijing Hong Da Shi Xing”) (2) PRC, April 16, 2014 100% Providing online advertising, precision marketing and the related data services Business Opportunity Chain (Beijing) Technology Development Co., Ltd. (“Business Opportunity Chain”) (1) PRC, May 11, 2018 51% Providing research and develop and other technical support services for the blockchain business unit ( 1 A direct or indirect subsidiary of the Company. ( 2 The Company’s consolidated VIE, or a direct or indirect subsidiary of the Company’s consolidated VIE. On January 17, 2018, 2,150,001 $5.15 645,000 $6.60 30 $11.1 129,000 $6.60 36 not six one 19 |
Note 2 - Variable Interest Enti
Note 2 - Variable Interest Entities | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Variable Interest Entities Disclosure [Text Block] | 2. Variable Interest Entities To satisfy PRC laws and regulations, the Company conducts certain business in the PRC through its Variable Interest Entities (“VIEs”). The significant terms of the VIE Agreements are summarized below: Exclusive Business Cooperation Agreements: not Exclusive Option Agreements: 10, Equity Pledge Agreements: one not may Irrevocable Powers of Attorney: As a result of these VIE Agreements, the Company through its wholly-owned subsidiary, Rise King WFOE, was granted with unconstrained decision making rights and power over key strategic and operational functions that would significantly impact the PRC Operating Entities or the VIEs’ economic performance, which includes, but is not In the opinion of the Company’s PRC legal counsel, as of the date hereof, the Company’s current contractual arrangements with the VIEs and their respective shareholders are valid, binding and enforceable. However, there are uncertainties and risks in relation to the Company’s VIE Structure. On December 23, 2018, December 26, 2018 February 24, 2019. March 15, 2019, January 1, 2020 The Foreign Investment Law embodies an expected PRC regulatory trend to rationalize its foreign investment regulatory regime in line with prevailing international practice and the legislative efforts to unify the corporate legal requirements for both foreign and domestic investments. However, since it is relatively new, uncertainties still exist in relation to its interpretation and implementation. Though it does not no not may In addition, these contractual arrangements may not may may may may may may not may not not not not Summarized below is the information related to the VIEs’ assets and liabilities reported in the Company’s consolidated balance sheets as of December 31, 2018 2017, As of December 31, 2018 2017 US$(’000) US$(’000) Assets Current assets: Cash and cash equivalents $ 2,328 $ 2,904 Accounts receivable, net 6,359 7,215 Other receivables, net 11 2,629 Prepayment and deposit to suppliers 1,724 4,009 Due from related parties, net 26 14 Total current assets 10,448 16,771 Property and equipment, net 84 177 Intangible assets, net 42 2,112 Goodwill - 5,277 Deferred tax assets 556 975 Total Assets $ 11,130 $ 25,312 Liabilities Current liabilities: Short-term bank loan $ 874 $ 765 Accounts payable 2,868 2,848 Advances from customers 1,059 3,559 Accrued payroll and other accruals 155 159 Due to Control Group 11 11 Payable for purchasing of software technology - 436 Taxes payable 2,562 2,711 Other payables 55 155 Total current liabilities 7,584 10,644 Total Liabilities $ 7,584 $ 10,644 All of the VIEs' assets can be used to settle obligations of their primary beneficiary. Liabilities recognized as a result of consolidating these VIEs do not Summarized below is the information related to the financial performance of the VIEs reported in the Company’s consolidated statements of operations and comprehensive loss for the years ended December 31, 2018 2017, Year Ended December 31, 2018 2017 US$(’000) US$(’000) Revenues $ 57,133 $ 46,576 Cost of revenues 54,728 42,019 Total operating expenses (including impairment on intangible assets and goodwill) 12,826 9,853 Net loss before allocation to noncontrolling interests 10,862 5,878 |
Note 3 - Summary of Significant
Note 3 - Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | 3. Summary of significant accounting policies a) Basis of presentation The consolidated financial statements are prepared and presented in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”). b) Going concern The Company incurred operating losses and had negative operating cash flows and may December 31, 2018 US$14.03 US$10.13 December 31, 2017. December 31, 2018, US$3.74 December 31, 2018 US$5.39 The Company does not twelve may may not not may one The consolidated financial statements as of December 31, 2018 December 31, 2018 not may may c) Principles of consolidation The consolidated financial statements include the accounts of all the subsidiaries and VIEs of the Company. All transactions and balances between the Company and its subsidiaries and VIEs have been eliminated upon consolidation. d) Use of estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the related disclosure of contingent assets and liabilities at the date of these consolidated financial statements, and the reported amounts of revenue and expenses during the reporting period. The Company continually evaluates these estimates and assumptions based on the most recently available information, historical experience and various other assumptions that the Company believes to be reasonable under the circumstances. Since the use of estimates is an integral component of the financial reporting process, actual results could differ from those estimates. e) Foreign currency translation and transactions The Company conducts substantially all of its operations through its PRC operating subsidiaries and VIEs, PRC is the primary economic environment in which the Company operates. For financial reporting purposes, the financial statements of the Company’s PRC operating subsidiaries and VIEs, which are prepared using the functional currency of the PRC, Renminbi (“RMB”), are translated into the Company’s reporting currency, the United States Dollar (“U.S. dollar”). Assets and liabilities are translated using the exchange rate at each balance sheet date. Revenue and expenses are translated using average rates prevailing during each reporting period, and stockholders’ equity is translated at historical exchange rates. Adjustments resulting from the translation are recorded as a separate component of accumulated other comprehensive income in stockholders’ equity. Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transactions. The resulting exchange differences are included in the determination of net loss of the consolidated statements of operations and comprehensive loss for the respective periods. The exchange rates used to translate amounts in RMB into US$ for the purposes of preparing the consolidated financial statements are as follows: As of December 31, 2018 2017 Balance sheet items, except for equity accounts 6.8632 6.5342 Year Ended December 31, 2018 2017 Items in the statements of operations and comprehensive loss, and statements of cash flows 6.6174 6.7518 No f) Cash and cash equivalents Cash and cash equivalents consist of cash on hand and bank deposits, which are unrestricted as to withdrawal and use. The Company considers all highly liquid investments with original maturities of three December 31, 2018, US$25,500 ollateral for the Company’s short-term bank loan for a one September 21, 2019. g) Accounts receivable, net Accounts receivable are recorded at net realizable value consisting of the carrying amount less an allowance for uncollectible accounts as needed. The allowance for doubtful accounts is the Company’s best estimate of the amount of probable credit losses in the Company’s existing accounts receivable. The Company determines the allowance based on aging data, historical collection experience, customer specific facts and economic conditions. Account balances are charged off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote. For the years ended December 31, 2018 2017, US$1.41 not December 31, 2018 2017, US$0.76 US$1.28 h) Other receivables, net The Company’s other receivables primarily consists of overdue contractual deposits receivable from suppliers and short-term loans lent to third third three twelve nil 12% not December 31, 2018, US$0.80 December 31, 2017, US$0.03 December 31, 2018 2017, i) Long-term investments Equity method investments The Company accounts for its investments in entities in which the Company can exercise significant influence but does not 323 20% not When the Company’s carrying value in an equity method investee company is reduced to zero, no not not The Company assesses its equity method investments for other-than-temporary impairment in accordance with ASC 323 10 35 31 35 32A, not For the years ended December 31, 2018 2017, no Investments in equity securities and other ownership interests The Company’s investments in equity securities and other ownership interests (except those accounted for under the equity method of accounting or those that resulted in consolidation of the investee), i.e. investments in investee companies that are not not 321: 20% 321 10 35 2, not In accordance with ASC 321 10 35 3, 321 10 35 2. For the years ended December 31, 2018 2017, US$0.45 US$0.04 not j) Property and equipment, net Property and equipment are recorded at cost less accumulated depreciation/amortization. Depreciation/amortization is calculated on the straight-line method after taking into account their respective estimated residual values over the following estimated useful lives: Leasehold improvements (years) 3 Vehicles (years) 5 Office equipment (years) 3 - 5 Electronic devices (years) 5 Depreciation expenses are included in sales and marketing expenses, general and administrative expenses and research and development expenses. Leasehold improvements are amortized over the lesser of the lease term or estimated useful life. When property and equipment are retired or otherwise disposed of, resulting gain or loss is included in net income or loss in the period of disposition. Maintenance and repairs which do not k) Intangible assets, net The Company accounted for cost related to internal-used software in accordance with ASC Topic 350 40 2 10 l) Impairment of long-lived assets In accordance with ASC 360 10 35, may not For the years ended December 31, 2018 2017, US$3.33 US$2.55 3 10 m) Goodwill Goodwill represents the excess of the purchase price over the fair value of the identifiable assets and liabilities acquired as a result of the Company's acquisitions of interests in its consolidated VIEs. Goodwill is not 2017 04, 350 January 1, 2018, 2 2017 04, 350 20 35 31, Application of a goodwill impairment test requires significant management judgments. The judgments in estimating the fair value of reporting units includes estimating future cash flows, determining appropriate discount rates and making other assumptions. Changes in these estimates and assumptions could materially affect the determination of fair value for each reporting unit. For the year ended December 31, 2018, 350 20 35 3C not June 30, 2018 US$5.21 3 12 n) Changes in a parent’s ownership interest while the parent retains its controlling financial interest in its subsidiary The Company accounted for changes in a parent’s ownership interest while the parent retains its controlling financial interest in its subsidiary in accordance with ASC Topic 810 10, no The Company acquired the remaining 49% May 2018 no US$1.81 US$0.03 December 31, 2018. o) Noncontrolling interest The Company accounts for noncontrolling interest in accordance with ASC Topic 810 10 45, 810 10 45 p) Fair value The Company’s financial instruments primarily consist of cash and cash equivalents, accounts receivable, other receivables and accounts payable. The carrying values of these financial instruments approximate fair values due to their short maturities. ASC Topic 820 three may Level 1 Level 2 1 not Level 3 no Determining which category an asset or liability falls within the hierarchy requires significant judgment. The Company evaluates its hierarchy disclosures each quarter. Liabilities measured at fair value on a recurring basis by level within the fair value hierarchy as of December 31, 2018 Fair value measurement at reporting date using As of Quoted Prices Significant Significant US$(’000) US$(’000) US$(’000) US$(’000) Warrant liabilities (Note 19) 606 - - 606 Significant unobservable inputs utilized to determine the fair value of the Company’s warrant liabilities was disclosed in Note 19. The Company’s intangible assets and goodwill are measured at fair value on a nonrecurring basis and they are recorded at fair value only when impairment is recognized. The Company determined the fair value of intangible assets and goodwill using income approach. The following table summarizes the quantitative information about the Company’s Level 3 Valuation techniques Unobservable inputs Value/Range of Inputs Year Ended December 31, 2018 Remaining useful life (years) 7.75 Intangible assets (Note 10) Multi-period Excess Earning Discount rate 24% Contributory asset charge 8.90% - 24% Goodwill (Note 12) Discounted Cash Flow Base projection period (years) 5 Discount rate 20% Terminal growth rate 3.50% Year Ended December 31, 2017 Remaining useful life (years) 3.25 - 8.5 Intangible assets (Note 10) Multi-period Excess Earning Discount rate 24% Contributory asset charge 15.90% - 24% Base projection period (years) 5 Goodwill (Note 12) Discounted Cash Flow Discount rate 20% Terminal growth rate 3.50% q) Revenue recognition On January 1, 2018, 606, January 1, 2018. In accordance with ASC Topic 606, five 1 2 3 4 5 Multiple performance obligations included in the Company’s contracts with customers for the distribution of the right to use search engine marketing service are neither capable of being distinct, that is, can benefit the customer on its own or together with other readily available resources, nor is distinct within the context of the contract, that is, the promise to transfer the service separately identifiable from other promises in the contract. The Company’s contract with customers do not Advance from customers related to unsatisfied performance obligations are generally refundable. Refund of advance from cu stomers was insignifi December 31, 2018 2017. The Company does not 606 Online advertising placement service/TV advertising service For online advertising placement service contracts and TV advertising service contracts that are established based on a fixed price scheme with the related advertisement placements obligation, the Company provides advertisement placements in specified locations on the Company’s advertising portals for agreed periods and/or place the advertisements onto the Company’s purchased advertisement time during specific TV programs for agreed periods. Revenue is recognized ratably over the period the advertising is provided and, as such, the Company considers the services to have been delivered (“over time”). Sales of effective sales lead information For advertising contracts related to purchase of effective sales lead information, revenue is recognized based on a fixed price per sales lead and the quantity of effective sales lead, when information is delivered and accepted by customers (“point in time”). Search engine marketing and data service Revenue from search engine marketing and data services is recognized on a monthly basis based on the direct cost consumed through search engines for providing such services with a premium (“over time”). The Company recognizes the revenue on a gross basis, because the Company determines that it is a principal in the transaction who control the goods or services before they are transferred to the customers. All of the Company’s revenues are generated from the PRC. The following tables present the Company’s revenues disaggregated by products and services and timing of revenue recognition: Year Ended December 31, 2018 2017 US$(’000) US$(’000) Internet advertising and data service --distribution of the right to use search engine marketing service 47,423 37,355 --online advertising placements 9,094 7,534 --sales of effective sales lead information 494 1,345 TV advertising service 121 342 Others 14 57 Total revenues 57,146 46,633 Year Ended December 31, 2018 2017 US$(’000) US$(’000) Revenue recognized over time 56,652 45,288 Revenue recognized at a point in time 494 1,345 Total revenues 57,146 46,633 Contract costs For the year ended December 31, 2018, not 606, Contract balances The Company evaluates overall economic conditions, its working capital status and customer specific credit and negotiates the payment terms of a contract with individual customer on a case by case basis in its normal course of business. Advances received from customers related to unsatisfied performance obligations are recoded as contract liabilities (advance from customers), which will be realized as revenues upon the satisfaction of performance obligations through the transfer of related promised goods and services to customers. For contracts without a full or any advance payments required, the Company bills the customers any unpaid contract price immediately upon satisfaction of the related performance obligations when revenue is recognized, and the Company normally receives payment from customers within 90 The Company does not not The Company’s contract liabilities consist of advance from customers related to unsatisfied performance obligations in relation to internet adverting service, distribution of the right to use search engine marketing service, as well as TV advertising service. All contract liabilities are expected to be recognized as revenue within one December 31, 2018: Advance from customers US$(’000) Balance as of January 1, 2018 3,559 Exchange translation adjustment (171 ) Revenue recognized from beginning contract liability balance (3,338 ) Advances received from customers related to unsatisfied performance obligations 1,011 Balance as of December 31, 2018 1,061 For the year ended December 31, 2018, no Transaction price allocated to remaining performance obligation The Company has elected to apply the practical expedient in paragraph ASC Topic 606 10 50 14 not December 31, 2018, one r) Cost of revenues Cost of revenues primarily includes the cost of internet advertising related resources, TV advertising time slots and other technical services purchased from third s) Advertising costs Advertising costs for the Company’s own brand building are not December 31, 2018 2017, US$1,097,000 US$1,717,000, t) Research and development expenses The Company accounts for expenses for the enhancement, maintenance and technical support to the Company’s Internet platforms and intellectual properties that are used in its daily operations in research and development expenses. Research and development costs are charged to expense when incurred. Expenses for research and development for the years ended December 31, 2018 2017 US$933,000 US$1,261,000, u) Income taxes The Company follows the guidance of ASC Topic 740 not not v) Uncertain tax positions The Company follows the guidance of ASC Topic 740 not not not 50% The Company recognizes interest on non-payment of income taxes under requirement by tax law and penalties associated with tax positions when a tax position does not three five RMB100,000. ten no not December 31, 2018 2017 not December 31, 2018 2017, w) Share-based Compensation The Company accounts for share-based compensation to employees in accordance with ASC Topic 718 The Company accounts for equity-based payment to non-employees in accordance with ASC Topic 505, 50. no 505 50 45 1, x Comprehensive income (loss) The Company accounts for comprehensive income (loss) in accordance with ASC Topic 220 y) Earnings (loss) per share Earnings (loss) per share are calculated in accordance with ASC Topic 260, z) Commitments and contingencies The Company has adopted ASC Topic 450 20, not aa) Recent issued or adopted accounting standards In January 2016, No. 2016 01, 825 10 may not December 15, 2017, January 1, 2018 not In February 2016, No. 2016 02, 842 12 not December 15, 2018, July 2018, No. 2018 11, 842 January 1, 2019, not 606 January 1, 2019 No. 2018 11. January 1, 2019. December 31, 2018, 2019 In June 2016, No. 2016 13, 326 November 2018, No. 2018 19, 326, not 326 20. 842, December 15, 2019, In November 2016, No. 2016 18, 230 December 15, 2017, January 1, 2018 US$3.1 December 31, 2016 December 31, 2017 December 31, 2017. No. 2016 18 no December 31, 2018. In January 2017, No. 2017 04, 350 2 2, not zero 2 zero December 15, 2019. January 1, 2017. January 1, 2018, not In July 2017, No. 2017 11, 260 480 815 no no 260 470 20, 260 480 not December 15, 2018. December 15, 2019, December 15, 2020. not not January 1, 2018, January 1, 2018 no not In February 2018, No. 2018 02: 220 not December 15, 2018, not In June 2018, No. 2018 07: 718 718 718 718 718 not 1 2 606, December 15, 2018, December 15, 2019, December 15, 2020. no 606. not not not not In August 2018, No. 2018 13, 820 3 December 15, 2019, not |
Note 4 - Accounts Receivable, N
Note 4 - Accounts Receivable, Net | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Accounts Receivable Disclosure [Text Block] | 4. Accounts receivable, net As of December 31, 2018 2017 US$(’000) US$(’000) Accounts receivable 9,752 10,008 Allowance for doubtful accounts (3,393 ) (2,793 ) Accounts receivable, net 6,359 7,215 All of the accounts receivable are non-interest bearing. Based on the assessment of the collectability of the accounts receivable as of December 31, 2018 2017, US$3,393,000 US$2,793,000 six six December 31, 2018 2017, US$0.76 US$1.28 December 31, 2018 2017, nil US$1.41 |
Note 5 - Other Receivables, Net
Note 5 - Other Receivables, Net | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | 5. Other receivables, net As of December 31, 2018 2017 US$(’000) US$(’000) Short-term working capital loan to unrelated parties 146 2,602 Staff advances for normal business purpose 19 44 Overdue deposits 1,619 893 1,784 3,539 Allowance for doubtful accounts (1,765 ) (893 ) Other receivables, net 19 2,646 Other receivables as of December 31, 2017 RMB17.0 US$2.6 third first 2018. Short-term working capital loan to unrelated parties as of December 31, 2018 RMB1.0 US$0.15 2018. 7 As of December 31, 2018 2017, RMB11.1 US$1.62 RMB5.8 US$0.89 no December 31, 2018 2017, For the year ended December 31, 2018, US$0.80 December 31, 2017, US$0.03 |
Note 6 - Prepayments and Deposi
Note 6 - Prepayments and Deposit to Suppliers | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Prepayments and Deposits to Suppliers Disclosure [Text Block] | 6. Prepayments and deposit to suppliers As of December 31, 2018 2017 US$(’000) US$(’000) Deposits to internet and TV resources providers 963 1,870 Prepayments to internet and TV resources providers 727 1,331 Deposits to other service provider - 765 Other deposits and prepayments 464 107 2,154 4,073 The Company purchases internet resources from large internet search engines for distribution of the right to use the search engine marketing service to its clients and attraction of the internet traffic to its advertising portals. The Company also purchases TV advertising time slots for the broadcasting of infomercials to promote brands, business information, products and services of its clients. As of December 31, 2018 2017, two one According to the contracts signed between the Company and its suppliers, the Company is required to pay the contract amounts in advance. These prepayments will be transferred to cost of revenues when the related services are provided. As of December 31, 2018 2017, As of December 31, 2017, December 31, 2017. March 2018. Other deposits and prepayments as of December 31, 2018 2017 |
Note 7 - Due From Related Parti
Note 7 - Due From Related Parties, Net | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Due from Related Parties Disclosure [Text Block] | 7. Due from related parties, net As of December 31, 2018 2017 US$(’000) US$(’000) Beijing Saimeiwei Food Equipment Technology Co., Ltd. - 33 Chuangshi Meiwei (Beijing) International Investment Management Co., Ltd. - 156 Guohua Shiji (Beijing) Communication Co., Ltd. 201 184 ChinaNet Chuang Tou (Shenzhen) Co., Ltd. - 14 An officer of the Company 200 - 401 387 Allowance for doubtful accounts (175 ) (373 ) Due from related parties, net 226 14 Related parties of the Company represented the Company’s direct or indirect unconsolidated investee companies as well as an officer of the Company. As of December 31, 2018, RMB1.38 US$0.20 RMB0.18 US$0.03 first 2019, US$0.20 one As of December 31, 2017, RMB1.0 US$0.15 RMB1.2 US$0.18 one December 31, 2017. As discussed in Note 5 2018. For the year ended December 31, 2018, US$0.04 December 31, 2017, US$0.21 Due from an officer of the Company as of December 31, 2018 US$0.20 one third 2018 September 2017 December 31, 2018, no US$0.2 April 2019. |
Note 8 - Long-term Investments
Note 8 - Long-term Investments | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Equity Method Investments and Joint Ventures Disclosure [Text Block] | 8. Long-term investments Equity method investments As of December 31, 2018 2017, 23.18% 25.5% 2015, two zero December 31, 2015. Other ownership interest investments As of December 31, 2018, 19% 15% 10% 4.9% The following table summarizes the movement of the Company’s other ownership interest investments for the two December 31, 2018: ChinaNet Guohua Beijing Saturday Total US$(’000) US$(’000) US$(’000) US$(’000) Balance as of January 1, 2017 1,297 27 16 1,340 Cash investment returned during the year (459 ) - - (459 ) Impairment on the investments - (29 ) (17 ) (46 ) Exchange translation adjustment 80 2 1 83 Balance as of December 31, 2017 918 - - 918 Cash investment returned during the year (437 ) - - (437 ) Impairment on the investments (437 ) - - (437 ) Exchange translation adjustment (44 ) - - (44 ) Balance as of December 31, 2018 - - - - As of December 31, 2017, 2018, nil Due to reduce of business scale in recent years, the shareholders of ChinaNet Chuang Tou decided to reduce the investment scale accordingly and had terminated the operation of this entity in 2018, RMB3.0 US$0.4 2018 2017 2018. For the year ended December 31, 2018, US$0.45 December 31, 2017, US$0.04 In October 2018, 4.9% RMB5.0 US$0.73 RMB0.25 US$0.04 January 2019. December 31, 2018, X i’an was still in |
Note 9 - Property and Equipment
Note 9 - Property and Equipment, Net | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Property, Plant and Equipment Disclosure [Text Block] | 9. Property and equipment, net As of December 31, 2018 2017 US$(’000) US$(’000) Leasehold improvement 321 337 Vehicles 771 810 Office equipment 1,353 1,410 Electronic devices 952 1,000 Property and equipment, cost 3,397 3,557 Less: accumulated depreciation (3,255 ) (3,258 ) Property and equipment, net 142 299 Depreciation expenses in the aggregate for the years ended December 31, 2018 2017 US$159,000 US$196,000, |
Note 10 - Intangible Assets, Ne
Note 10 - Intangible Assets, Net | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Intangible Assets Disclosure [Text Block] | 10. Intangible assets, net As of December 31, 2018 Items Gross Accumulated Impairment Net US$(’000) US$(’000) US$(’000) US$(’000) Intangible assets not subject to amortization: Domain name 1,408 - (1,408 ) - Intangible assets subject to amortization: Customer relationship 1,941 (1,941 ) - - Non-compete agreements 1,068 (580 ) (488 ) - Software technologies 299 (299 ) - - Cloud compute software technology 1,353 (896 ) (415 ) 42 Intelligent marketing data service platform 4,705 (1,906 ) (2,799 ) - Internet safety, information exchange security and data encryption software 1,894 (426 ) (1,468 ) - Cloud video management system 1,383 (343 ) (1,040 ) - Other computer software 114 (111 ) - 3 Total $ 14,165 $ (6,502 ) $ (7,618 ) $ 45 As of December 31, 2017 Items Gross Accumulated Impairment Net US$(’000) US$(’000) US$(’000) US$(’000) Intangible assets not subject to amortization: Domain name 1,478 - (1,478 ) - Intangible assets subject to amortization: Customer relationship 2,038 (2,038 ) - - Non-compete agreements 1,122 (610 ) (512 ) - Software technologies 314 (314 ) - - Cloud compute software technology 1,420 (923 ) (435 ) 62 Intelligent marketing data service platform 4,942 (1,853 ) (1,600 ) 1,489 Internet safety, information exchange security and data encryption software 1,990 (299 ) - 1,691 Cloud video management system 1,454 (291 ) (602 ) 561 Other computer software 120 (115 ) - 5 Total $ 14,878 $ (6,443 ) $ (4,627 ) $ 3,808 Amortization expenses in aggregate for the years ended December 31, 2018 2017 US$382,000 US$1,226,000, The Company performs impairment analysis on its intangible assets whenever events or changes in circumstances indicate that the carrying amount of an intangible asset may not 3 For the years ended December 31, 2018 2017, US$3.33 US$2.55 Based on the adjusted carrying value of the finite-lived intangible assets after the deduction of the impairment losses, which has a weighted average remaining useful life of 2.48 December 31, 2018, no US$18,000 December 31, 2019 2020, US$9,000 December 31, 2021. |
Note 11 - Blockchain Software A
Note 11 - Blockchain Software Application Platform Development Costs | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Research, Development, and Computer Software Disclosure [Text Block] | 11. Blockchain software application platform development costs In February 2018, US$4.5 March 2018, RMB3.0 US$0.44 December 31, 2018, 350 40 US$3.73 two 2019, 2019. According to the development contracts the Company signed with the counter parties, the Company will not no not may |
Note 12 - Goodwill
Note 12 - Goodwill | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Goodwill Disclosure [Text Block] | 12. Goodwill Amount US$(’000) Balance as of January 1, 2017 4,970 Exchange translation adjustment 307 Balance as of December 31, 2017 5,277 Impairment on goodwill (5,024 ) Exchange translation adjustment (253 ) Balance as of December 31, 2018 - As of December 31, 2018 2017, not 3 Due to significant decrease in overall gross profit margin and continued operating losses incurred from the Company’s internet advertising and data services reporting unit, the Company performed interim goodwill impairment test on June 30, 2018. 2017 04, January 1, 2018, US$1.0 US$6.2 US$5.2 December 31, 2018 December 31, 2017, not |
Note 13 - Short-term Bank Loan
Note 13 - Short-term Bank Loan and Credit Facility | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Short-term Debt [Text Block] | 13. Short-term bank loan and credit facility As of December 31, 2018, RMB5.0 US$0.7 January 2, 2020. RMB3.0 US$0.44 January 14, 2019. December 31, 2018, RMB3.0 US$0.44 RMB1.5 US$0.22 July 29, 2019 RMB1.5 US$0.22 September 29, 2019. Short-term loans outstanding as of December 31, 2017 RMB3.0 US$0.5 July 13, 2018 RMB2.0 US$0.3 October 19, 2018. Collateral for the above discussed revolving credit facility and short-term bank loans included an unlimited guarantee from Mr. Handong Cheng (Chairman and Chief Executive Officer of the Company) and his spouse and an approximately US$25,500 September 21, 2019. Interest rate of the short-term working capital loans borrowed was 5.22% 5.655% December 31, 2018 2017, 20% 30% |
Note 14 - Accrued Payroll and O
Note 14 - Accrued Payroll and Other Accruals | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Accounts Payable and Accrued Liabilities Disclosure [Text Block] | 14. Accrued payroll and other accruals As of December 31, 2018 2017 US$(’000) US$(’000) Accrued payroll and staff welfare 208 203 Accrued operating expenses 313 356 521 559 |
Note 15 - Due to Investors Rela
Note 15 - Due to Investors Related to Terminated Security Purchase Agreements | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Guarantee Payment and Prepayment from New Investors [Text Block] | 15. Due to investors related to terminated security purchase agreements In May 2015, December 31, 2017, 10% 15% US$819,000 10% US$119,000 Due to certain restriction stipulated in the “Measures for Overseas Investment Management” issued by the Ministry of Commerce of the PRC (the “MOFCOM”), the Company and its investors experienced difficulties in obtaining approval for the transactions from the MOFCOM. As a result, on May 12, 2016, two not 2016 2017. January 1, 2017, 12% The Company had fully repaid Dongsys Innovation and Jinrun Fangzhou their principal and the related interest through December 31, 2017 February 2018 June 2018, not 2018. |
Note 16 - Payable for Purchasin
Note 16 - Payable for Purchasing of Software Technology | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Accounts Payable and Accrued Liabilities for Software Disclosure [Text Block] | 16. Payable for purchasing of software technology As of December 31, 2017, RMB2.85 US$0.4 fourth 2016. March 2018. |
Note 17 - Taxation
Note 17 - Taxation | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | 17. Taxation 1 Income tax The entities within the Company file separate tax returns in the respective tax jurisdictions in which they operate. i). a. The Company is incorporated in the state of Nevada. Under the current law of Nevada, the Company is not not December 2017, not i). b. On December 22, 2017, not 35% 21% 2018, one and imposing a new tax on global intangible low-taxed income (“GILTI”) effective for tax years of non-U.S. corporations beginning after December 31, 2017. December 22, 2017, No. 118 118” 118 not one December 21, 2018, 740 118, 740 i). c. The Company has completed its assessment of the one third 2018, no one December 31, 2017, 2017 10 US$0.46 December 31, 2018, December 31, 2017, US$1.40 US$1.86 i). d. Effective from January 1, 2018, 50 December 31, 2018, no no ii). China Net BVI and ChinaNet Investment BVI were incorporated in the British Virgin Islands (“BVI”). Under the current law of the BVI, these BVI companies are not no iii). China Net HK was incorporated in Hong Kong and does not No no December 31, 2018 no iv). The Company’s PRC operating subsidiaries and VIEs, being incorporated in the PRC, are governed by the income tax law of the PRC and is subject to PRC enterprise income tax (“EIT”). The EIT rate of PRC is 25%, l Business Opportunity Online was approved by the related PRC governmental authorities as a High and New Technology Enterprise, which enabled the entity, as approved by the local tax authorities of Beijing, the PRC, to enjoying the preferential EIT rate of 15% November 2018. September 2018 February 2019. 15% November 2021. December 31, 2018 2017, 15%. August 2018, 2018 No. 45 5 10 2018 No. 45, January 1, 2018, 2018 five 2013 ten l The applicable EIT rate for other PRC operating entities of the Company is 25% December 31, 2018 2017. l The current EIT law also imposed a 10% 5% For the years ended December 31, 2018 2017, not 2 Turnover taxes and the relevant surcharges Service revenues provided by the Company’s PRC operating subsidiaries and VIEs were subject to Value Added Tax (“VAT”). VAT rate for provision of modern services (other than lease of corporeal movables) is 6%, 3%. December 31, 2018 2017, 6%, 3% 12% 14% As of December 31, 2018, 2017, As of December 31, 2018 2017 US$(’000) US$(’000) PRC turnover tax and surcharge payable 1,215 1,295 PRC enterprise income tax payable 1,782 1,873 Taxes payable 2,997 3,168 A reconciliation of the income tax benefit determined at the U.S. federal corporate income tax rate to the Company’s effective income tax expense is as follows: Year Ended December 31, 2018 2017 US$(’000) US$(’000) Pre-tax loss (13,363 ) (9,760 ) U.S. federal rate 21 % 35 % Income tax benefit computed at U.S. federal rate 2,806 3,416 Reconciling items: Rate differential for PRC earnings 561 (724 ) Preferential tax treatment effect (231 ) (238 ) Tax effect on non-taxable change in fair value of warrant liabilities 350 - Tax effect on non-deductible impairment on goodwill (1,303 ) - Tax effect on change of net operating loss treatment 1,130 - Tax effect on enactment of new tax rate - (1,859 ) Tax effect on toll charge income from the Act - (492 ) Tax effect on adjustment to provisional amount of toll charge income from the Act (96 ) - Provision/reverse of valuation allowance on deferred tax assets (3,504 ) 90 Expired tax attribute carryforwards (365 ) (524 ) Tax effect on other non-deductible expenses/non-taxable income (112 ) 80 Effective income tax expense (764 ) (251 ) For the years ended December 31, 2018 2017, Year Ended December 31, 2018 2017 US$(’000) US$(’000) Current-PRC - (1 ) Deferred-PRC (764 ) (250 ) Income tax expense (764 ) (251 ) The Company’s deferred tax assets at December 31, 2018 2017 As of December 31, 2018 2017 US$(’000) US$(’000) Tax effect of net operating losses carried forward 9,243 7,115 Bad debts provision 1,188 879 Valuation allowance (9,875 ) (6,636 ) Total net deferred tax assets 556 1,358 The U.S. holding company has incurred aggregate net operating losses (NOLs) of approximately US$19.2 US$13.3 December 31, 2018 2017, December 31, 2017 2037. December 31, 2017 no 80% December 31, 2017. not The NOLs carried forward incurred by the Company’s PRC subsidiaries and VIEs were approximately US$25.2 US$19.9 December 31, 2018 2017, 2028. The Company recorded approximately US$9.9 US$6.6 December 31, 2018 2017, not not For the year ended December 31, 2018, US$3.5 December 31, 2017, US$0.09 21% US$1.9 no |
Note 18 - Long-term Borrowing F
Note 18 - Long-term Borrowing From a Director | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Long-Term Borrowing from Director Disclosure [Text Block] | 18. Long-term borrowing from a director Long-term borrowing from a director is a non-interest bearing loan from a director of the Company relating to the original paid-in capital contribution in the Company’s wholly-owned subsidiary Rise King WFOE, which is not one |
Note 19 - The Financing and War
Note 19 - The Financing and Warrant Liabilities | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Warrants Disclosure [Text Block] | 19. The Financing and warrant liabilities On January 17, 2018 ( 2,150,001 $5.15 645,000 $6.60 30 $11.1 The placement agent of the Financing received (i) a placement fee in the amount equal to 6% 129,000 US$6.60 three not six one The Warrants have an initial exercise price of USS6.60 may The Warrants may not 4.99% may no 9.99% not 61 st Accounting for securities issued in the Financing The Company determined that common stock issued in the Financing should be classified as permanent equity as there was no not The Company analyzed the Warrants issued in the Financing in accordance with ASC Topic 815 815, not not 815, Fair value of the warrants The Company used Binomial model to determine the fair value of the Warrants based on the assumptions summarized as below: Investors Warrants Placement Agent Warrants January 17, December 31, January 17, December 31, Stock price $ 3.98 $ 1.34 $ 3.98 $ 1.34 Years to maturity 2.50 1.55 3.00 2.05 Risk-free interest rate 2.22 % 2.50 % 2.39 % 2.50 % Dividend yield - - - - Expected volatility 158 % 199 % 147 % 176 % Exercise Price $ 6.60 $ 6.60 $ 6.60 $ 6.60 Fair value of the warrant $ 2.93 $ 0.78 $ 2.99 $ 0.80 Stock price is the closing bid price of the Company’s common stock at the respective valuation date. Years to maturity is the respective remaining contract life of the warrants. Yield-to-maturities in continuous compounding of the United States Government Bonds with the time-to-maturities same as the respective warrant are adopted as the risk-free rate. Annualized historical stock price volatility of the Company at the respective valuation date is deemed to be appropriate to serve as the expected volatility of the stock price of the Company. The dividend yield is calculated based on management’s estimate of dividends to be paid on the underlying stock. Exercise price of the Warrants is the contractual exercise price of the Warrants. Allocation of gross proceeds from the Financing The Company allocated the total proceeds from the Financing as summarized below: Initial measurement (USD’000) Investor warrants 1,890 Common Stock (par value and additional paid-in capital) 9,183 Total proceeds from the Financing 11,073 Investor warrants issued in the Financing was initially measurement at fair value. The residual amount, representing difference between the total proceeds and the fair value of the Investor warrants as of the Closing Date was assigned as the carrying value of the common stock issued in the Financing. Offering costs Offering costs in the amount of approximately US$1.2 US$0.66 US$0.15 US$0.39 Warrant Liabilities The Company accounted for the Warrants issuing in the Financing as derivative liabilities which were remeasured at fair value with changes in fair value be recorded in earnings in each reporting period. As of As of Change in Fair Value US$’000 US$’000 US$’000 Fair value of the Warrants: Investor warrants 503 1,890 (1,387 ) Placement agent warrants 103 385 (282 ) Warrant liabilities 606 2,275 (1,669 ) Warrants issued and outstanding at December 31, 2018 Warrant Outstanding Warrant Exercisable Number of underlying shares Weighted Weighted Number of underlying shares Weighted Weighted Balance, January 1, 2018 - - Granted/Vested 774,000 2.58 $ 6.60 774,000 2.58 $ 6.60 Forfeited - - Exercised - - Balance, December 31, 2018 774,000 1.63 $ 6.60 774,000 1.63 $ 6.60 |
Note 20 - Restricted Net Assets
Note 20 - Restricted Net Assets | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Restricted Assets Disclosure [Text Block] | 20. Restricted Net Assets As all of the Company’s operations are conducted through its PRC subsidiaries and VIEs, the Company’s ability to pay dividends is primarily dependent on receiving distributions of funds from its PRC subsidiaries and VIEs. Relevant PRC statutory laws and regulations permit payments of dividends by its PRC subsidiaries and VIEs only out of their retained earnings, if any, as determined in accordance with PRC accounting standards and regulations and after it has met the PRC requirements for appropriation to statutory reserves. Paid in capital of the PRC subsidiaries and VIEs included in the Company’s consolidated net assets are also non-distributable for dividend purposes. In accordance with the PRC regulations on Enterprises with Foreign Investment, a WFOE established in the PRC is required to provide certain statutory reserves, namely general reserve fund, the enterprise expansion fund and staff welfare and bonus fund which are appropriated from net profit as reported in the enterprise’s PRC statutory accounts. A WFOE is required to allocate at least 10% 50% not 10% 50% not As a result of these PRC laws and regulations, the Company’s PRC subsidiaries and VIEs are restricted in their ability to transfer a portion of their net assets to the Company. As of December 31, 2018 2017, US$12.0 US$8.3 The current PRC Enterprise Income Tax (“EIT”) Law also imposed a 10% 5% The ability of the Company’s PRC subsidiaries and VIEs to make dividends and other payments to the Company may Foreign currency exchange regulation in China is primarily governed by the following rules: l Foreign Exchange Administration Rules ( 1996 August 2008, l Administration Rules of the Settlement, Sale and Payment of Foreign Exchange ( 1996 Currently, under the Administration Rules, Renminbi is freely convertible for current account items, including the distribution of dividends, interest payments, trade and service related foreign exchange transactions, but not may Although the current Exchange Rules allow the convertibility of Chinese Renminbi into foreign currency for current account items, conversion of Chinese Renminbi into foreign exchange for capital items, such as foreign direct investment, loans or securities, requires the approval of SAFE, which is under the authority of the People’s Bank of China. These approvals, however, do not not may As of December 31, 2018 2017, US$9.2 US$2.6 December 31, 2018 2017, may may US$12.0 US$8.3 December 31, 2018 2017, |
Note 21 - Employee Defined Cont
Note 21 - Employee Defined Contribution Plan | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Pension and Other Postretirement Benefits Disclosure [Text Block] | 21. Employee defined contribution plan Full time employees of the Company in the PRC participate in a government mandated defined contribution plan, pursuant to which certain pension benefits, medical care, employee housing fund and other welfare benefits are provided to employees. Chinese labor regulations require that the PRC subsidiaries of the Company make contributions to the government for these benefits based on certain percentages of the employees’ salaries. The employee benefits were expensed as incurred. The Company has no US$372,000 US$405,000 December 31, 2018 2017, |
Note 22 - Concentration of Risk
Note 22 - Concentration of Risk | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Concentration Risk Disclosure [Text Block] | 22. Concentration of risk Credit risk Financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash and cash equivalents, accounts receivable and other receivables. As of December 31, 2018, 74% 26% Risk arising from operations in foreign countries All of the Company’s operations are conducted within the PRC. The Company’s operations in the PRC are subject to various political, economic, and other risks and uncertainties inherent in the PRC. Among other risks, the Company’s operations in the PRC are subject to the risks of restrictions on transfer of funds, changing taxation policies, foreign exchange restrictions; and political conditions and governmental regulations. Currency convertibility risk Significant part of the Company’s businesses is transacted in RMB, which is not may Concentration of customers The following tables summarized the information about the Company’s concentration of customers for the years ended December 31, 2018 2017, Customer A Customer B Customer C Customer D Year Ended December 31, 2018 Revenues, customer concentration risk 17% * * * Year Ended December 31, 2017 Revenues, customer concentration risk 12% 12% 10% * As of December 31, 2018 Accounts receivable, customer concentration risk 74% 12% - - As of December 31, 2017 Accounts receivable, customer concentration risk 30% * 20% 16% * Less than 10%. Concentration of suppliers The following tables summarized the information about the Company’s concentration of suppliers for the years ended December 31, 2018 2017, Supplier A Supplier B Year Ended December 31, 2018 Cost of revenues, supplier concentration risk 85% 11% Year Ended December 31, 2017 Cost of revenues, supplier concentration risk 64% 26% |
Note 23 - Commitments and Conti
Note 23 - Commitments and Contingencies | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | 23. Commitments and contingencies The Company leases an office in Beijing, China under a three March 31, 2019. one March 15, 2020. The following table sets forth the Company’s operating lease commitment as of December 31, 2018: Office Rental US$(’000) Year ending December 31, -2019 92 -2020 2 Total 94 For the years ended December 31, 2018 2017, US$406,000 US$409,000, The Company is currently not not may |
Note 24 - Segment Reporting
Note 24 - Segment Reporting | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Segment Reporting Disclosure [Text Block] | 24. Segment reporting The Company follows ASC Topic 280 For the Year Ended December 31, 2018 Internet Ad. TV Ad. Blockchain technology Corporate Inter-segment and reconciling item Total US$ US$ US$ US$ US$ US$ Revenues 57,025 121 - 356 (356 ) 57,146 Cost of revenues 54,633 95 - - - 54,728 Total operating expenses 14,658 126 102 2,400 (1) (356 ) 16,930 Depreciation and amortization expense included in total operating expenses 469 1 - 71 - 541 Impairment on goodwill included in total operating expenses 5,211 - - - - 5,211 Impairment on intangible assets included in total operating expenses 3,330 - - - - 3,330 Operating loss (12,266 ) (100 ) (102 ) (2,044 ) - (14,512 ) Change in fair value of warrant liabilities - - - 1,669 - 1,669 Impairment on long-term investments - - - 453 - 453 Net loss (12,708 ) (100 ) (102 ) (1,217 ) - (14,127 ) Expenditure for long-term assets 431 - 3,746 3 - 4,180 Total assets – December 31, 2018 12,756 207 3,396 17,155 (16,546 ) 16,968 ( 1 US$233,000 For the Year Ended December 31, 2017 Internet Ad. and TV Ad. Corporate Inter- segment and reconciling item Total US$ US$ US$ US$ US$ Revenues 46,291 342 247 (247 ) 46,633 Cost of revenues 41,747 273 - - 42,020 Total operating expenses 9,730 74 4,454 (1) (247 ) 14,011 Impairment on intangible assets included in total operating expenses 2,552 - - - 2,552 Depreciation and amortization expense included in total operating expenses 1,333 1 88 - 1,422 Operating loss (5,186 ) (5 ) (4,207 ) - (9,398 ) Impairment on long-term investments 28 16 - - 44 Net loss (5,752 ) (21 ) (4,238 ) - (10,011 ) Expenditure for long-term assets 1 1 2 - 4 Total assets – December 31, 2017 28,524 402 11,013 (11,379 ) 28,560 ( 1 US$2,271,000 |
Note 25 - Loss Per Share
Note 25 - Loss Per Share | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | 25. Loss per share Basic and diluted loss per share for each of the years presented is calculated as follows (All amounts, except number of shares and per share data, are presented in thousands of U.S. dollars): Year Ended December 31, 2018 2017 US$(’000) US$(’000) Net loss attributable to ChinaNet Online Holdings, Inc. (numerator for basic and diluted loss per share) $ (14,025 ) $ (10,125 ) Weighted average number of common shares outstanding – Basic and diluted 15,863,894 12,116,783 Loss per share -Basic and diluted from continuing operations $ (0.88 ) $ (0.84 ) For the year ended December 31, 2018, not 774,000 835,216 not 266,238 third 2018, For the year ended December 31, 2017, not 835,216 not 266,238 |
Note 26 - Share-based Compensat
Note 26 - Share-based Compensation Expenses | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | 26. Share-based compensation expenses In December 2018, 250,000 consulting and advisor service provider in exchange for its service for a one not US$1.43 US$358,000 US$18,000 December 31, 2018 For the year ended December 31, 2017, 1,650,000 US$1.03 US$1.12 US$1,705,000 December 31, 2017. For the year ended December 31, 2017, 174,000 US$1.09 US$1.67 US$63,000 US$234,000 December 31, 2018 2017, For the year ended December 31, 2018 2017, US$152,000 US$332,000 September 2015. Options issued and outstanding at December 31, 2018 two Option Outstanding Option Exercisable Number of underlying shares Weighted Weighted Number of underlying shares Weighted Weighted Balance, January 1, 2017 835,216 4.04 $ 2.49 676,136 4.11 $ 2.59 Granted/Vested - 159,080 2.70 $ 2.10 Forfeited - - Exercised - - Balance, December 31, 2017 835,216 3.04 $ 2.49 835,216 3.04 $ 2.49 Granted/Vested - - Forfeited - - Exercised - - Balance, December 31, 2018 835,216 2.04 $ 2.49 835,216 2.04 $ 2.49 The aggregate intrinsic value of the above options was zero December 31, 2018 2017, The aggregate unrecognized share-based compensation expenses as of December 31, 2018 2017 US$340,000 US$154,000, December 31, 2018 December 31, 2019. The table below summarized share-based compensation expenses recorded for the years ended December 31, 2018 2017, Year Ended December 31, 2018 2017 US$(’000) US$(’000) Sales and marketing expenses 47 86 General and administrative expenses 149 2,120 Research and development expenses 37 65 Total 233 2,271 |
Note 27 - Subsequent Event
Note 27 - Subsequent Event | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | 27. Subsequent event The Company has performed an evaluation of subsequent events through the date the financial statements were issued and determined that there are no 7 13. |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2018 | |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | a) Basis of presentation The consolidated financial statements are prepared and presented in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”). |
Going Concern [Policy Text Block] | b) Going concern The Company incurred operating losses and had negative operating cash flows and may December 31, 2018 US$14.03 US$10.13 December 31, 2017. December 31, 2018, US$3.74 December 31, 2018 US$5.39 The Company does not twelve may may not not may one The consolidated financial statements as of December 31, 2018 December 31, 2018 not may may |
Consolidation, Policy [Policy Text Block] | c) Principles of consolidation The consolidated financial statements include the accounts of all the subsidiaries and VIEs of the Company. All transactions and balances between the Company and its subsidiaries and VIEs have been eliminated upon consolidation. |
Use of Estimates, Policy [Policy Text Block] | d) Use of estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the related disclosure of contingent assets and liabilities at the date of these consolidated financial statements, and the reported amounts of revenue and expenses during the reporting period. The Company continually evaluates these estimates and assumptions based on the most recently available information, historical experience and various other assumptions that the Company believes to be reasonable under the circumstances. Since the use of estimates is an integral component of the financial reporting process, actual results could differ from those estimates. |
Foreign Currency Transactions and Translations Policy [Policy Text Block] | e) Foreign currency translation and transactions The Company conducts substantially all of its operations through its PRC operating subsidiaries and VIEs, PRC is the primary economic environment in which the Company operates. For financial reporting purposes, the financial statements of the Company’s PRC operating subsidiaries and VIEs, which are prepared using the functional currency of the PRC, Renminbi (“RMB”), are translated into the Company’s reporting currency, the United States Dollar (“U.S. dollar”). Assets and liabilities are translated using the exchange rate at each balance sheet date. Revenue and expenses are translated using average rates prevailing during each reporting period, and stockholders’ equity is translated at historical exchange rates. Adjustments resulting from the translation are recorded as a separate component of accumulated other comprehensive income in stockholders’ equity. Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transactions. The resulting exchange differences are included in the determination of net loss of the consolidated statements of operations and comprehensive loss for the respective periods. The exchange rates used to translate amounts in RMB into US$ for the purposes of preparing the consolidated financial statements are as follows: As of December 31, 2018 2017 Balance sheet items, except for equity accounts 6.8632 6.5342 Year Ended December 31, 2018 2017 Items in the statements of operations and comprehensive loss, and statements of cash flows 6.6174 6.7518 No |
Cash and Cash Equivalents, Policy [Policy Text Block] | f) Cash and cash equivalents Cash and cash equivalents consist of cash on hand and bank deposits, which are unrestricted as to withdrawal and use. The Company considers all highly liquid investments with original maturities of three December 31, 2018, US$25,500 ollateral for the Company’s short-term bank loan for a one September 21, 2019. |
Trade and Other Accounts Receivable, Policy [Policy Text Block] | g) Accounts receivable, net Accounts receivable are recorded at net realizable value consisting of the carrying amount less an allowance for uncollectible accounts as needed. The allowance for doubtful accounts is the Company’s best estimate of the amount of probable credit losses in the Company’s existing accounts receivable. The Company determines the allowance based on aging data, historical collection experience, customer specific facts and economic conditions. Account balances are charged off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote. For the years ended December 31, 2018 2017, US$1.41 not December 31, 2018 2017, US$0.76 US$1.28 |
Finance, Loan and Lease Receivables, Held-for-investment, Policy [Policy Text Block] | h) Other receivables, net The Company’s other receivables primarily consists of overdue contractual deposits receivable from suppliers and short-term loans lent to third third three twelve nil 12% not December 31, 2018, US$0.80 December 31, 2017, US$0.03 December 31, 2018 2017, |
Investment, Policy [Policy Text Block] | i) Long-term investments Equity method investments The Company accounts for its investments in entities in which the Company can exercise significant influence but does not 323 20% not When the Company’s carrying value in an equity method investee company is reduced to zero, no not not The Company assesses its equity method investments for other-than-temporary impairment in accordance with ASC 323 10 35 31 35 32A, not For the years ended December 31, 2018 2017, no Investments in equity securities and other ownership interests The Company’s investments in equity securities and other ownership interests (except those accounted for under the equity method of accounting or those that resulted in consolidation of the investee), i.e. investments in investee companies that are not not 321: 20% 321 10 35 2, not In accordance with ASC 321 10 35 3, 321 10 35 2. For the years ended December 31, 2018 2017, US$0.45 US$0.04 not |
Property, Plant and Equipment, Policy [Policy Text Block] | j) Property and equipment, net Property and equipment are recorded at cost less accumulated depreciation/amortization. Depreciation/amortization is calculated on the straight-line method after taking into account their respective estimated residual values over the following estimated useful lives: Leasehold improvements (years) 3 Vehicles (years) 5 Office equipment (years) 3 - 5 Electronic devices (years) 5 Depreciation expenses are included in sales and marketing expenses, general and administrative expenses and research and development expenses. Leasehold improvements are amortized over the lesser of the lease term or estimated useful life. When property and equipment are retired or otherwise disposed of, resulting gain or loss is included in net income or loss in the period of disposition. Maintenance and repairs which do not |
Intangible Assets, Finite-Lived, Policy [Policy Text Block] | k) Intangible assets, net The Company accounted for cost related to internal-used software in accordance with ASC Topic 350 40 2 10 |
Impairment or Disposal of Long-Lived Assets, Including Intangible Assets, Policy [Policy Text Block] | l) Impairment of long-lived assets In accordance with ASC 360 10 35, may not For the years ended December 31, 2018 2017, US$3.33 US$2.55 3 10 |
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block] | m) Goodwill Goodwill represents the excess of the purchase price over the fair value of the identifiable assets and liabilities acquired as a result of the Company's acquisitions of interests in its consolidated VIEs. Goodwill is not 2017 04, 350 January 1, 2018, 2 2017 04, 350 20 35 31, Application of a goodwill impairment test requires significant management judgments. The judgments in estimating the fair value of reporting units includes estimating future cash flows, determining appropriate discount rates and making other assumptions. Changes in these estimates and assumptions could materially affect the determination of fair value for each reporting unit. For the year ended December 31, 2018, 350 20 35 3C not June 30, 2018 US$5.21 3 12 |
Changes in a Parent's Ownership Interest While the Parent Retains Controlling Interest in Its Subsidiary, Policy [Policy Text Block] | n) Changes in a parent’s ownership interest while the parent retains its controlling financial interest in its subsidiary The Company accounted for changes in a parent’s ownership interest while the parent retains its controlling financial interest in its subsidiary in accordance with ASC Topic 810 10, no The Company acquired the remaining 49% May 2018 no US$1.81 US$0.03 December 31, 2018. |
Noncontrolling Interest [Policy Text Block] | o) Noncontrolling interest The Company accounts for noncontrolling interest in accordance with ASC Topic 810 10 45, 810 10 45 |
Fair Value Measurement, Policy [Policy Text Block] | p) Fair value The Company’s financial instruments primarily consist of cash and cash equivalents, accounts receivable, other receivables and accounts payable. The carrying values of these financial instruments approximate fair values due to their short maturities. ASC Topic 820 three may Level 1 Level 2 1 not Level 3 no Determining which category an asset or liability falls within the hierarchy requires significant judgment. The Company evaluates its hierarchy disclosures each quarter. Liabilities measured at fair value on a recurring basis by level within the fair value hierarchy as of December 31, 2018 Fair value measurement at reporting date using As of Quoted Prices Significant Significant US$(’000) US$(’000) US$(’000) US$(’000) Warrant liabilities (Note 19) 606 - - 606 Significant unobservable inputs utilized to determine the fair value of the Company’s warrant liabilities was disclosed in Note 19. The Company’s intangible assets and goodwill are measured at fair value on a nonrecurring basis and they are recorded at fair value only when impairment is recognized. The Company determined the fair value of intangible assets and goodwill using income approach. The following table summarizes the quantitative information about the Company’s Level 3 Valuation techniques Unobservable inputs Value/Range of Inputs Year Ended December 31, 2018 Remaining useful life (years) 7.75 Intangible assets (Note 10) Multi-period Excess Earning Discount rate 24% Contributory asset charge 8.90% - 24% Goodwill (Note 12) Discounted Cash Flow Base projection period (years) 5 Discount rate 20% Terminal growth rate 3.50% Year Ended December 31, 2017 Remaining useful life (years) 3.25 - 8.5 Intangible assets (Note 10) Multi-period Excess Earning Discount rate 24% Contributory asset charge 15.90% - 24% Base projection period (years) 5 Goodwill (Note 12) Discounted Cash Flow Discount rate 20% Terminal growth rate 3.50% |
Revenue Recognition, Policy [Policy Text Block] | q) Revenue recognition On January 1, 2018, 606, January 1, 2018. In accordance with ASC Topic 606, five 1 2 3 4 5 Multiple performance obligations included in the Company’s contracts with customers for the distribution of the right to use search engine marketing service are neither capable of being distinct, that is, can benefit the customer on its own or together with other readily available resources, nor is distinct within the context of the contract, that is, the promise to transfer the service separately identifiable from other promises in the contract. The Company’s contract with customers do not Advance from customers related to unsatisfied performance obligations are generally refundable. Refund of advance from cu stomers was insignifi December 31, 2018 2017. The Company does not 606 Online advertising placement service/TV advertising service For online advertising placement service contracts and TV advertising service contracts that are established based on a fixed price scheme with the related advertisement placements obligation, the Company provides advertisement placements in specified locations on the Company’s advertising portals for agreed periods and/or place the advertisements onto the Company’s purchased advertisement time during specific TV programs for agreed periods. Revenue is recognized ratably over the period the advertising is provided and, as such, the Company considers the services to have been delivered (“over time”). Sales of effective sales lead information For advertising contracts related to purchase of effective sales lead information, revenue is recognized based on a fixed price per sales lead and the quantity of effective sales lead, when information is delivered and accepted by customers (“point in time”). Search engine marketing and data service Revenue from search engine marketing and data services is recognized on a monthly basis based on the direct cost consumed through search engines for providing such services with a premium (“over time”). The Company recognizes the revenue on a gross basis, because the Company determines that it is a principal in the transaction who control the goods or services before they are transferred to the customers. All of the Company’s revenues are generated from the PRC. The following tables present the Company’s revenues disaggregated by products and services and timing of revenue recognition: Year Ended December 31, 2018 2017 US$(’000) US$(’000) Internet advertising and data service --distribution of the right to use search engine marketing service 47,423 37,355 --online advertising placements 9,094 7,534 --sales of effective sales lead information 494 1,345 TV advertising service 121 342 Others 14 57 Total revenues 57,146 46,633 Year Ended December 31, 2018 2017 US$(’000) US$(’000) Revenue recognized over time 56,652 45,288 Revenue recognized at a point in time 494 1,345 Total revenues 57,146 46,633 Contract costs For the year ended December 31, 2018, not 606, Contract balances The Company evaluates overall economic conditions, its working capital status and customer specific credit and negotiates the payment terms of a contract with individual customer on a case by case basis in its normal course of business. Advances received from customers related to unsatisfied performance obligations are recoded as contract liabilities (advance from customers), which will be realized as revenues upon the satisfaction of performance obligations through the transfer of related promised goods and services to customers. For contracts without a full or any advance payments required, the Company bills the customers any unpaid contract price immediately upon satisfaction of the related performance obligations when revenue is recognized, and the Company normally receives payment from customers within 90 The Company does not not The Company’s contract liabilities consist of advance from customers related to unsatisfied performance obligations in relation to internet adverting service, distribution of the right to use search engine marketing service, as well as TV advertising service. All contract liabilities are expected to be recognized as revenue within one December 31, 2018: Advance from customers US$(’000) Balance as of January 1, 2018 3,559 Exchange translation adjustment (171 ) Revenue recognized from beginning contract liability balance (3,338 ) Advances received from customers related to unsatisfied performance obligations 1,011 Balance as of December 31, 2018 1,061 For the year ended December 31, 2018, no Transaction price allocated to remaining performance obligation The Company has elected to apply the practical expedient in paragraph ASC Topic 606 10 50 14 not December 31, 2018, one |
Cost of Sales, Policy [Policy Text Block] | r) Cost of revenues Cost of revenues primarily includes the cost of internet advertising related resources, TV advertising time slots and other technical services purchased from third |
Advertising Costs, Policy [Policy Text Block] | s) Advertising costs Advertising costs for the Company’s own brand building are not December 31, 2018 2017, US$1,097,000 US$1,717,000, |
Research and Development Expense, Policy [Policy Text Block] | t) Research and development expenses The Company accounts for expenses for the enhancement, maintenance and technical support to the Company’s Internet platforms and intellectual properties that are used in its daily operations in research and development expenses. Research and development costs are charged to expense when incurred. Expenses for research and development for the years ended December 31, 2018 2017 US$933,000 US$1,261,000, |
Income Tax, Policy [Policy Text Block] | u) Income taxes The Company follows the guidance of ASC Topic 740 not not |
Income Tax Uncertainties, Policy [Policy Text Block] | v) Uncertain tax positions The Company follows the guidance of ASC Topic 740 not not not 50% The Company recognizes interest on non-payment of income taxes under requirement by tax law and penalties associated with tax positions when a tax position does not three five RMB100,000. ten no not December 31, 2018 2017 not December 31, 2018 2017, |
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block] | w) Share-based Compensation The Company accounts for share-based compensation to employees in accordance with ASC Topic 718 The Company accounts for equity-based payment to non-employees in accordance with ASC Topic 505, 50. no 505 50 45 1, |
Comprehensive Income, Policy [Policy Text Block] | x Comprehensive income (loss) The Company accounts for comprehensive income (loss) in accordance with ASC Topic 220 |
Earnings Per Share, Policy [Policy Text Block] | y) Earnings (loss) per share Earnings (loss) per share are calculated in accordance with ASC Topic 260, |
Commitments and Contingencies, Policy [Policy Text Block] | z) Commitments and contingencies The Company has adopted ASC Topic 450 20, not |
New Accounting Pronouncements, Policy [Policy Text Block] | aa) Recent issued or adopted accounting standards In January 2016, No. 2016 01, 825 10 may not December 15, 2017, January 1, 2018 not In February 2016, No. 2016 02, 842 12 not December 15, 2018, July 2018, No. 2018 11, 842 January 1, 2019, not 606 January 1, 2019 No. 2018 11. January 1, 2019. December 31, 2018, 2019 In June 2016, No. 2016 13, 326 November 2018, No. 2018 19, 326, not 326 20. 842, December 15, 2019, In November 2016, No. 2016 18, 230 December 15, 2017, January 1, 2018 US$3.1 December 31, 2016 December 31, 2017 December 31, 2017. No. 2016 18 no December 31, 2018. In January 2017, No. 2017 04, 350 2 2, not zero 2 zero December 15, 2019. January 1, 2017. January 1, 2018, not In July 2017, No. 2017 11, 260 480 815 no no 260 470 20, 260 480 not December 15, 2018. December 15, 2019, December 15, 2020. not not January 1, 2018, January 1, 2018 no not In February 2018, No. 2018 02: 220 not December 15, 2018, not In June 2018, No. 2018 07: 718 718 718 718 718 not 1 2 606, December 15, 2018, December 15, 2019, December 15, 2020. no 606. not not not not In August 2018, No. 2018 13, 820 3 December 15, 2019, not |
Note 1 - Organization and Nat_2
Note 1 - Organization and Nature of Operations (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Schedule of Consolidated Subsidiaries and VIEs [Table Text Block] | Name of the subsidiary or VIE Place and date of incorporation Percentage of ownership Principal activities China Net Online Media Group Limited (“China Net BVI”) (1) British Virgin Islands, August 13, 2007 100% Investment holding company CNET Online Technology Limited (“China Net HK”) (1) Hong Kong, September 4, 2007 100% Investment holding company ChinaNet Investment Holding Ltd. (“ChinaNet Investment BVI”) (1) British Virgin Islands, January 12, 2015 100% Investment holding company Rise King Century Technology Development (Beijing) Co., Ltd. (“Rise King WFOE”) (1) PRC, January 17, 2008 100% Investment holding company Business Opportunity Online (Beijing) Network Technology Co., Ltd. (“Business Opportunity Online”) (2) PRC, December 8, 2004 100% Providing online advertising, precision marketing and the related data services Beijing CNET Online Advertising Co., Ltd. (“Beijing CNET” Online) (2) PRC, January 27, 2003 100% Providing TV advertising services ChinaNet Online Holdings Co., Ltd. (“ChinaNet Online PRC”) (1) PRC, August 31, 2015 100% Investment holding company Beijing Chuang Fu Tian Xia Network Technology Co., Ltd. (“Beijing Chuang Fu Tian Xia”) (2) PRC, March 1, 2011 100% Providing online advertising, precision marketing and the related data services Business Opportunity Online (Hubei) Network Technology Co., Ltd. (“Business Opportunity Online Hubei”) (2) PRC, January 28, 2011 100% Providing online advertising, precision marketing and the related data services Hubei CNET Advertising Media Co., Ltd. (“Hubei CNET”) (2) PRC, April 18, 2011 100% Providing TV advertising services Sheng Tian Network Technology (Hubei) Co., Ltd. (“Sheng Tian Hubei”) (2) PRC, July 1, 2011 100% Providing online advertising, precision marketing and the related data services Beijing Chuang Shi Xin Qi Advertising Media Co., Ltd. (“Beijing Chuang Shi Xin Qi”) (2) PRC, April 16, 2014 100% Providing online advertising, precision marketing and the related data services Beijing Shi Ji Cheng Yuan Advertising Media Co., Ltd. (“Beijing Shi Ji Cheng Yuan”) (2) PRC, May 22, 2014 100% Providing online advertising, precision marketing and the related data services Beijing Hong Da Shi Xing Network Technology Co., Ltd. (“Beijing Hong Da Shi Xing”) (2) PRC, April 16, 2014 100% Providing online advertising, precision marketing and the related data services Business Opportunity Chain (Beijing) Technology Development Co., Ltd. (“Business Opportunity Chain”) (1) PRC, May 11, 2018 51% Providing research and develop and other technical support services for the blockchain business unit |
Note 2 - Variable Interest En_2
Note 2 - Variable Interest Entities (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Schedule of Variable Interest Entities [Table Text Block] | As of December 31, 2018 2017 US$(’000) US$(’000) Assets Current assets: Cash and cash equivalents $ 2,328 $ 2,904 Accounts receivable, net 6,359 7,215 Other receivables, net 11 2,629 Prepayment and deposit to suppliers 1,724 4,009 Due from related parties, net 26 14 Total current assets 10,448 16,771 Property and equipment, net 84 177 Intangible assets, net 42 2,112 Goodwill - 5,277 Deferred tax assets 556 975 Total Assets $ 11,130 $ 25,312 Liabilities Current liabilities: Short-term bank loan $ 874 $ 765 Accounts payable 2,868 2,848 Advances from customers 1,059 3,559 Accrued payroll and other accruals 155 159 Due to Control Group 11 11 Payable for purchasing of software technology - 436 Taxes payable 2,562 2,711 Other payables 55 155 Total current liabilities 7,584 10,644 Total Liabilities $ 7,584 $ 10,644 |
Financial Performance of VIEs [Table Text Block] | Year Ended December 31, 2018 2017 US$(’000) US$(’000) Revenues $ 57,133 $ 46,576 Cost of revenues 54,728 42,019 Total operating expenses (including impairment on intangible assets and goodwill) 12,826 9,853 Net loss before allocation to noncontrolling interests 10,862 5,878 |
Note 3 - Summary of Significa_2
Note 3 - Summary of Significant Accounting Policies (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Foreign Currency Exchange Rates [Table Text Block] | As of December 31, 2018 2017 Balance sheet items, except for equity accounts 6.8632 6.5342 Year Ended December 31, 2018 2017 Items in the statements of operations and comprehensive loss, and statements of cash flows 6.6174 6.7518 |
Property, Plant and Equipment, Useful Life [Table Text Block] | Leasehold improvements (years) 3 Vehicles (years) 5 Office equipment (years) 3 - 5 Electronic devices (years) 5 |
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block] | Fair value measurement at reporting date using As of Quoted Prices Significant Significant US$(’000) US$(’000) US$(’000) US$(’000) Warrant liabilities (Note 19) 606 - - 606 |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] | Valuation techniques Unobservable inputs Value/Range of Inputs Year Ended December 31, 2018 Remaining useful life (years) 7.75 Intangible assets (Note 10) Multi-period Excess Earning Discount rate 24% Contributory asset charge 8.90% - 24% Goodwill (Note 12) Discounted Cash Flow Base projection period (years) 5 Discount rate 20% Terminal growth rate 3.50% Year Ended December 31, 2017 Remaining useful life (years) 3.25 - 8.5 Intangible assets (Note 10) Multi-period Excess Earning Discount rate 24% Contributory asset charge 15.90% - 24% Base projection period (years) 5 Goodwill (Note 12) Discounted Cash Flow Discount rate 20% Terminal growth rate 3.50% |
Disaggregation of Revenue [Table Text Block] | Year Ended December 31, 2018 2017 US$(’000) US$(’000) Internet advertising and data service --distribution of the right to use search engine marketing service 47,423 37,355 --online advertising placements 9,094 7,534 --sales of effective sales lead information 494 1,345 TV advertising service 121 342 Others 14 57 Total revenues 57,146 46,633 Year Ended December 31, 2018 2017 US$(’000) US$(’000) Revenue recognized over time 56,652 45,288 Revenue recognized at a point in time 494 1,345 Total revenues 57,146 46,633 |
Contract with Customer, Asset and Liability [Table Text Block] | Advance from customers US$(’000) Balance as of January 1, 2018 3,559 Exchange translation adjustment (171 ) Revenue recognized from beginning contract liability balance (3,338 ) Advances received from customers related to unsatisfied performance obligations 1,011 Balance as of December 31, 2018 1,061 |
Note 4 - Accounts Receivable,_2
Note 4 - Accounts Receivable, Net (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Schedule of Accounts Receivable [Table Text Block] | As of December 31, 2018 2017 US$(’000) US$(’000) Accounts receivable 9,752 10,008 Allowance for doubtful accounts (3,393 ) (2,793 ) Accounts receivable, net 6,359 7,215 |
Note 5 - Other Receivables, N_2
Note 5 - Other Receivables, Net (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Schedule of Other Receivables [Table Text Block] | As of December 31, 2018 2017 US$(’000) US$(’000) Short-term working capital loan to unrelated parties 146 2,602 Staff advances for normal business purpose 19 44 Overdue deposits 1,619 893 1,784 3,539 Allowance for doubtful accounts (1,765 ) (893 ) Other receivables, net 19 2,646 |
Note 6 - Prepayments and Depo_2
Note 6 - Prepayments and Deposit to Suppliers (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Schedule of Prepayments and Deposit to Suppliers [Table Text Block] | As of December 31, 2018 2017 US$(’000) US$(’000) Deposits to internet and TV resources providers 963 1,870 Prepayments to internet and TV resources providers 727 1,331 Deposits to other service provider - 765 Other deposits and prepayments 464 107 2,154 4,073 |
Note 7 - Due From Related Par_2
Note 7 - Due From Related Parties, Net (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Due From Related Parties [Member] | |
Notes Tables | |
Schedule of Related Party Transactions [Table Text Block] | As of December 31, 2018 2017 US$(’000) US$(’000) Beijing Saimeiwei Food Equipment Technology Co., Ltd. - 33 Chuangshi Meiwei (Beijing) International Investment Management Co., Ltd. - 156 Guohua Shiji (Beijing) Communication Co., Ltd. 201 184 ChinaNet Chuang Tou (Shenzhen) Co., Ltd. - 14 An officer of the Company 200 - 401 387 Allowance for doubtful accounts (175 ) (373 ) Due from related parties, net 226 14 |
Note 8 - Long-term Investments
Note 8 - Long-term Investments (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Schedule of Investments in and Advances to Affiliates, Schedule of Investments [Table Text Block] | ChinaNet Guohua Beijing Saturday Total US$(’000) US$(’000) US$(’000) US$(’000) Balance as of January 1, 2017 1,297 27 16 1,340 Cash investment returned during the year (459 ) - - (459 ) Impairment on the investments - (29 ) (17 ) (46 ) Exchange translation adjustment 80 2 1 83 Balance as of December 31, 2017 918 - - 918 Cash investment returned during the year (437 ) - - (437 ) Impairment on the investments (437 ) - - (437 ) Exchange translation adjustment (44 ) - - (44 ) Balance as of December 31, 2018 - - - - |
Note 9 - Property and Equipme_2
Note 9 - Property and Equipment, Net (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Schedule of Property and Equipment [Table Text Block] | As of December 31, 2018 2017 US$(’000) US$(’000) Leasehold improvement 321 337 Vehicles 771 810 Office equipment 1,353 1,410 Electronic devices 952 1,000 Property and equipment, cost 3,397 3,557 Less: accumulated depreciation (3,255 ) (3,258 ) Property and equipment, net 142 299 |
Note 10 - Intangible Assets, _2
Note 10 - Intangible Assets, Net (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Schedule of Finite and Indefinite-Lived Intangible Assets [Table Text Block] | <table style="border-collapse: collapse; margin-left: 23px; min-; min-width: 700px;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom"> <td style="font-size: 10pt; text-align: justify"> </td> <td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="15" style="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">As of December 31, 2018</td> </tr> <tr style="vertical-align: bottom"> <td style="font-size: 10pt; font-weight: bold; text-align: justify; border-bottom: Black 1pt solid">Items</td> <td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Gross <br />Carrying <br />Value</td> <td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Accumulated <br />Amortization</td> <td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Impairment</td> <td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Net <br />Carrying <br />Value</td> </tr> <tr style="vertical-align: bottom"> <td style="font-size: 10pt; text-align: justify"> </td> <td style="font-size: 10pt; font-weight: bold"> </td> <td colspan="3" style="font-size: 10pt; font-weight: bold; text-align: center"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">US$(’000)</div></div></td> <td style="font-size: 10pt; font-weight: bold"> </td> <td colspan="3" style="font-size: 10pt; font-weight: bold; text-align: center"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">US$(’000)</div></div></td> <td style="font-size: 10pt; font-weight: bold"> </td> <td colspan="3" style="font-size: 10pt; font-weight: bold; text-align: center"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">US$(’000)</div></div></td> <td style="font-size: 10pt; font-weight: bold"> </td> <td colspan="3" style="font-size: 10pt; font-weight: bold; text-align: center"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">US$(’000)</div></div></td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-size: 10pt; text-align: justify">Intangible assets not subject to amortization:</td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"> </td> <td style="font-size: 10pt; text-align: left"> </td> </tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 48%; font-size: 10pt; text-align: justify; text-indent: 8.6pt">Domain name</td> <td style="width: 1%; font-size: 10pt"> </td> <td style="width: 1%; font-size: 10pt; text-align: left"> </td> <td style="width: 10%; font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,408</div></td> <td style="width: 1%; font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> <td style="width: 1%; font-size: 10pt"> </td> <td style="width: 1%; font-size: 10pt; text-align: left"> </td> <td style="width: 10%; font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td style="width: 1%; font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> <td style="width: 1%; font-size: 10pt"> </td> <td style="width: 1%; font-size: 10pt; text-align: left"> </td> <td style="width: 10%; font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(1,408</div></td> <td style="width: 1%; font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">)</div></td> <td style="width: 1%; font-size: 10pt"> </td> <td style="width: 1%; font-size: 10pt; text-align: left"> </td> <td style="width: 10%; font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td style="width: 1%; font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-size: 10pt; text-align: justify">Intangible assets subject to amortization:</td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"> </td> <td style="font-size: 10pt; text-align: left"> </td> </tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-size: 10pt; text-align: left; text-indent: 8.6pt">Customer relationship</td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,941</div></td> <td style="font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(1,941</div></td> <td style="font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">)</div></td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td style="font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td style="font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-size: 10pt; text-align: left; text-indent: 8.6pt">Non-compete agreements</td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,068</div></td> <td style="font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(580</div></td> <td style="font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">)</div></td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(488</div></td> <td style="font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">)</div></td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td style="font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> </tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-size: 10pt; text-align: left; text-indent: 8.6pt">Software technologies</td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">299</div></td> <td style="font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(299</div></td> <td style="font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">)</div></td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td style="font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td style="font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-size: 10pt; text-align: left; text-indent: 8.6pt">Cloud compute software technology</td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,353</div></td> <td style="font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(896</div></td> <td style="font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">)</div></td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(415</div></td> <td style="font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">)</div></td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">42</div></td> <td style="font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> </tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-size: 10pt; text-align: left; text-indent: -7.1pt; padding-left: 15.75pt">Intelligent marketing data service platform</td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">4,705</div></td> <td style="font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(1,906</div></td> <td style="font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">)</div></td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(2,799</div></td> <td style="font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">)</div></td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td style="font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-size: 10pt; text-align: left; text-indent: -7.1pt; padding-left: 15.75pt">Internet safety, information exchange security and data encryption software</td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,894</div></td> <td style="font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(426</div></td> <td style="font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">)</div></td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(1,468</div></td> <td style="font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">)</div></td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td style="font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> </tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-size: 10pt; text-align: left; text-indent: 8.6pt">Cloud video management system</td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,383</div></td> <td style="font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(343</div></td> <td style="font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">)</div></td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(1,040</div></td> <td style="font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">)</div></td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td style="font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-size: 10pt; text-align: left; padding-bottom: 1pt; text-indent: 8.6pt">Other computer software</td> <td style="font-size: 10pt; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">114</div></td> <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> <td style="font-size: 10pt; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(111</div></td> <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">)</div></td> <td style="font-size: 10pt; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> <td style="font-size: 10pt; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">3</div></td> <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> </tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-size: 10pt; font-weight: bold; text-align: justify; padding-bottom: 2.5pt; text-indent: 1.6pt">Total</td> <td style="font-size: 10pt; font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">14,165</div></td> <td style="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> <td style="font-size: 10pt; font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(6,502</div></td> <td style="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">)</div></td> <td style="font-size: 10pt; font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(7,618</div></td> <td style="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">)</div></td> <td style="font-size: 10pt; font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">45</div></td> <td style="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> </tr> </table></div><div style="display: inline; font-family: times new roman; font-size: 10pt"><table style="border-collapse: collapse; margin-left: 23px; min-; min-width: 700px;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom"> <td style="font-size: 10pt; text-align: justify"> </td> <td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="15" style="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">As of December 31, 2017</td> </tr> <tr style="vertical-align: bottom"> <td style="font-size: 10pt; font-weight: bold; text-align: justify; border-bottom: Black 1pt solid">Items</td> <td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Gross <br />Carrying <br />Value</td> <td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Accumulated <br />Amortization</td> <td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Impairment</td> <td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Net <br />Carrying <br />Value</td> </tr> <tr style="vertical-align: bottom"> <td style="font-size: 10pt; text-align: justify"> </td> <td style="font-size: 10pt; font-weight: bold"> </td> <td colspan="3" style="font-size: 10pt; font-weight: bold; text-align: center"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">US$(’000)</div></div></td> <td style="font-size: 10pt; font-weight: bold"> </td> <td colspan="3" style="font-size: 10pt; font-weight: bold; text-align: center"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">US$(’000)</div></div></td> <td style="font-size: 10pt; font-weight: bold"> </td> <td colspan="3" style="font-size: 10pt; font-weight: bold; text-align: center"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">US$(’000)</div></div></td> <td style="font-size: 10pt; font-weight: bold"> </td> <td colspan="3" style="font-size: 10pt; font-weight: bold; text-align: center"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">US$(’000)</div></div></td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-size: 10pt; text-align: justify">Intangible assets not subject to amortization:</td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"> </td> <td style="font-size: 10pt; text-align: left"> </td> </tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 48%; font-size: 10pt; text-align: justify; text-indent: 8.6pt">Domain name</td> <td style="width: 1%; font-size: 10pt"> </td> <td style="width: 1%; font-size: 10pt; text-align: left"> </td> <td style="width: 10%; font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,478</div></td> <td style="width: 1%; font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> <td style="width: 1%; font-size: 10pt"> </td> <td style="width: 1%; font-size: 10pt; text-align: left"> </td> <td style="width: 10%; font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td style="width: 1%; font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> <td style="width: 1%; font-size: 10pt"> </td> <td style="width: 1%; font-size: 10pt; text-align: left"> </td> <td style="width: 10%; font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(1,478</div></td> <td style="width: 1%; font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: i" id="sjs-B4"><div style="display: inline; font-family: times new roman; font-size: 10pt"><table style="border-collapse: collapse; margin-left: 23px; min-; min-width: 700px;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom"> <td style="font-size: 10pt; text-align: justify"> </td> <td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="15" style="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">As of December 31, 2018</td> </tr> <tr style="vertical-align: bottom"> <td style="font-size: 10pt; font-weight: bold; text-align: justify; border-bottom: Black 1pt solid">Items</td> <td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Gross <br />Carrying <br />Value</td> <td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Accumulated <br />Amortization</td> <td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Impairment</td> <td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Net <br />Carrying <br />Value</td> </tr> <tr style="vertical-align: bottom"> <td style="font-size: 10pt; text-align: justify"> </td> <td style="font-size: 10pt; font-weight: bold"> </td> <td colspan="3" style="font-size: 10pt; font-weight: bold; text-align: center"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">US$(’000)</div></div></td> <td style="font-size: 10pt; font-weight: bold"> </td> <td colspan="3" style="font-size: 10pt; font-weight: bold; text-align: center"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">US$(’000)</div></div></td> <td style="font-size: 10pt; font-weight: bold"> </td> <td colspan="3" style="font-size: 10pt; font-weight: bold; text-align: center"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">US$(’000)</div></div></td> <td style="font-size: 10pt; font-weight: bold"> </td> <td colspan="3" style="font-size: 10pt; font-weight: bold; text-align: center"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">US$(’000)</div></div></td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-size: 10pt; text-align: justify">Intangible assets not subject to amortization:</td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"> </td> <td style="font-size: 10pt; text-align: left"> </td> </tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 48%; font-size: 10pt; text-align: justify; text-indent: 8.6pt">Domain name</td> <td style="width: 1%; font-size: 10pt"> </td> <td style="width: 1%; font-size: 10pt; text-align: left"> </td> <td style="width: 10%; font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,408</div></td> <td style="width: 1%; font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> <td style="width: 1%; font-size: 10pt"> </td> <td style="width: 1%; font-size: 10pt; text-align: left"> </td> <td style="width: 10%; font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td style="width: 1%; font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> <td style="width: 1%; font-size: 10pt"> </td> <td style="width: 1%; font-size: 10pt; text-align: left"> </td> <td style="width: 10%; font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(1,408</div></td> <td style="width: 1%; font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">)</div></td> <td style="width: 1%; font-size: 10pt"> </td> <td style="width: 1%; font-size: 10pt; text-align: left"> </td> <td style="width: 10%; font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td style="width: 1%; font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-size: 10pt; text-align: justify">Intangible assets subject to amortization:</td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"> </td> <td style="font-size: 10pt; text-align: left"> </td> </tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-size: 10pt; text-align: left; text-indent: 8.6pt">Customer relationship</td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,941</div></td> <td style="font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(1,941</div></td> <td style="font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">)</div></td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td style="font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td style="font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-size: 10pt; text-align: left; text-indent: 8.6pt">Non-compete agreements</td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,068</div></td> <td style="font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(580</div></td> <td style="font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">)</div></td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(488</div></td> <td style="font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">)</div></td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td style="font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> </tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-size: 10pt; text-align: left; text-indent: 8.6pt">Software technologies</td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">299</div></td> <td style="font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(299</div></td> <td style="font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">)</div></td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td style="font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td style="font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-size: 10pt; text-align: left; text-indent: 8.6pt">Cloud compute software technology</td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,353</div></td> <td style="font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(896</div></td> <td style="font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">)</div></td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(415</div></td> <td style="font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">)</div></td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">42</div></td> <td style="font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> </tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-size: 10pt; text-align: left; text-indent: -7.1pt; padding-left: 15.75pt">Intelligent marketing data service platform</td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">4,705</div></td> <td style="font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(1,906</div></td> <td style="font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">)</div></td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(2,799</div></td> <td style="font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">)</div></td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td style="font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-size: 10pt; text-align: left; text-indent: -7.1pt; padding-left: 15.75pt">Internet safety, information exchange security and data encryption software</td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,894</div></td> <td style="font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(426</div></td> <td style="font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">)</div></td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(1,468</div></td> <td style="font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">)</div></td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td style="font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> </tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-size: 10pt; text-align: left; text-indent: 8.6pt">Cloud video management system</td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,383</div></td> <td style="font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(343</div></td> <td style="font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">)</div></td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(1,040</div></td> <td style="font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">)</div></td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td style="font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-size: 10pt; text-align: left; padding-bottom: 1pt; text-indent: 8.6pt">Other computer software</td> <td style="font-size: 10pt; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">114</div></td> <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> <td style="font-size: 10pt; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(111</div></td> <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">)</div></td> <td style="font-size: 10pt; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> <td style="font-size: 10pt; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">3</div></td> <td style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> </tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-size: 10pt; font-weight: bold; text-align: justify; padding-bottom: 2.5pt; text-indent: 1.6pt">Total</td> <td style="font-size: 10pt; font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">14,165</div></td> <td style="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> <td style="font-size: 10pt; font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(6,502</div></td> <td style="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">)</div></td> <td style="font-size: 10pt; font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(7,618</div></td> <td style="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">)</div></td> <td style="font-size: 10pt; font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">45</div></td> <td style="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> </tr> </table></div><div style="display: inline; font-family: times new roman; font-size: 10pt"><table style="border-collapse: collapse; margin-left: 23px; min-; min-width: 700px;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom"> <td style="font-size: 10pt; text-align: justify"> </td> <td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="15" style="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">As of December 31, 2017</td> </tr> <tr style="vertical-align: bottom"> <td style="font-size: 10pt; font-weight: bold; text-align: justify; border-bottom: Black 1pt solid">Items</td> <td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Gross <br />Carrying <br />Value</td> <td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Accumulated <br />Amortization</td> <td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Impairment</td> <td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Net <br />Carrying <br />Value</td> </tr> <tr style="vertical-align: bottom"> <td style="font-size: 10pt; text-align: justify"> </td> <td style="font-size: 10pt; font-weight: bold"> </td> <td colspan="3" style="font-size: 10pt; font-weight: bold; text-align: center"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">US$(’000)</div></div></td> <td style="font-size: 10pt; font-weight: bold"> </td> <td colspan="3" style="font-size: 10pt; font-weight: bold; text-align: center"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">US$(’000)</div></div></td> <td style="font-size: 10pt; font-weight: bold"> </td> <td colspan="3" style="font-size: 10pt; font-weight: bold; text-align: center"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">US$(’000)</div></div></td> <td style="font-size: 10pt; font-weight: bold"> </td> <td colspan="3" style="font-size: 10pt; font-weight: bold; text-align: center"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">US$(’000)</div></div></td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-size: 10pt; text-align: justify">Intangible assets not subject to amortization:</td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td> <td style="font-size: 10pt; text-align: right"> </td> <td style="font-size: 10pt; text-align: left"> </td> </tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 48%; font-size: 10pt; text-align: justify; text-indent: 8.6pt">Domain name</td> <td style="width: 1%; font-size: 10pt"> </td> <td style="width: 1%; font-size: 10pt; text-align: left"> </td> <td style="width: 10%; font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,478</div></td> <td style="width: 1%; font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> <td style="width: 1%; font-size: 10pt"> </td> <td style="width: 1%; font-size: 10pt; text-align: left"> </td> <td style="width: 10%; font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td style="width: 1%; font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> <td style="width: 1%; font-size: 10pt"> </td> <td style="width: 1%; font-size: 10pt; text-align: left"> </td> <td style="width: 10%; font-size: 10pt; text-align: right"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(1,478</div></td> <td style="width: 1%; font-size: 10pt; text-align: left"><div style="display: inline; font-style: italic; font-weight: i |
Note 12 - Goodwill (Tables)
Note 12 - Goodwill (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Schedule of Goodwill [Table Text Block] | Amount US$(’000) Balance as of January 1, 2017 4,970 Exchange translation adjustment 307 Balance as of December 31, 2017 5,277 Impairment on goodwill (5,024 ) Exchange translation adjustment (253 ) Balance as of December 31, 2018 - |
Note 14 - Accrued Payroll and_2
Note 14 - Accrued Payroll and Other Accruals (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Schedule of Accrued Liabilities [Table Text Block] | As of December 31, 2018 2017 US$(’000) US$(’000) Accrued payroll and staff welfare 208 203 Accrued operating expenses 313 356 521 559 |
Note 17 - Taxation (Tables)
Note 17 - Taxation (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Schedule Of Taxes Payable [Table Text Block] | As of December 31, 2018 2017 US$(’000) US$(’000) PRC turnover tax and surcharge payable 1,215 1,295 PRC enterprise income tax payable 1,782 1,873 Taxes payable 2,997 3,168 |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | Year Ended December 31, 2018 2017 US$(’000) US$(’000) Pre-tax loss (13,363 ) (9,760 ) U.S. federal rate 21 % 35 % Income tax benefit computed at U.S. federal rate 2,806 3,416 Reconciling items: Rate differential for PRC earnings 561 (724 ) Preferential tax treatment effect (231 ) (238 ) Tax effect on non-taxable change in fair value of warrant liabilities 350 - Tax effect on non-deductible impairment on goodwill (1,303 ) - Tax effect on change of net operating loss treatment 1,130 - Tax effect on enactment of new tax rate - (1,859 ) Tax effect on toll charge income from the Act - (492 ) Tax effect on adjustment to provisional amount of toll charge income from the Act (96 ) - Provision/reverse of valuation allowance on deferred tax assets (3,504 ) 90 Expired tax attribute carryforwards (365 ) (524 ) Tax effect on other non-deductible expenses/non-taxable income (112 ) 80 Effective income tax expense (764 ) (251 ) |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | Year Ended December 31, 2018 2017 US$(’000) US$(’000) Current-PRC - (1 ) Deferred-PRC (764 ) (250 ) Income tax expense (764 ) (251 ) |
Schedule Of Deferred Tax Assets [Table Text Block] | As of December 31, 2018 2017 US$(’000) US$(’000) Tax effect of net operating losses carried forward 9,243 7,115 Bad debts provision 1,188 879 Valuation allowance (9,875 ) (6,636 ) Total net deferred tax assets 556 1,358 |
Note 19 - The Financing and W_2
Note 19 - The Financing and Warrant Liabilities (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] | Valuation techniques Unobservable inputs Value/Range of Inputs Year Ended December 31, 2018 Remaining useful life (years) 7.75 Intangible assets (Note 10) Multi-period Excess Earning Discount rate 24% Contributory asset charge 8.90% - 24% Goodwill (Note 12) Discounted Cash Flow Base projection period (years) 5 Discount rate 20% Terminal growth rate 3.50% Year Ended December 31, 2017 Remaining useful life (years) 3.25 - 8.5 Intangible assets (Note 10) Multi-period Excess Earning Discount rate 24% Contributory asset charge 15.90% - 24% Base projection period (years) 5 Goodwill (Note 12) Discounted Cash Flow Discount rate 20% Terminal growth rate 3.50% |
Allocation of Proceeds from Issuance of Equity [Table Text Block] | Initial measurement (USD’000) Investor warrants 1,890 Common Stock (par value and additional paid-in capital) 9,183 Total proceeds from the Financing 11,073 |
Schedule of Warrant Liabilities [Table Text Block] | As of As of Change in Fair Value US$’000 US$’000 US$’000 Fair value of the Warrants: Investor warrants 503 1,890 (1,387 ) Placement agent warrants 103 385 (282 ) Warrant liabilities 606 2,275 (1,669 ) |
Schedule of Warrant Activity [Table Text Block] | Warrant Outstanding Warrant Exercisable Number of underlying shares Weighted Weighted Number of underlying shares Weighted Weighted Balance, January 1, 2018 - - Granted/Vested 774,000 2.58 $ 6.60 774,000 2.58 $ 6.60 Forfeited - - Exercised - - Balance, December 31, 2018 774,000 1.63 $ 6.60 774,000 1.63 $ 6.60 |
Warrant [Member] | |
Notes Tables | |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] | Investors Warrants Placement Agent Warrants January 17, December 31, January 17, December 31, Stock price $ 3.98 $ 1.34 $ 3.98 $ 1.34 Years to maturity 2.50 1.55 3.00 2.05 Risk-free interest rate 2.22 % 2.50 % 2.39 % 2.50 % Dividend yield - - - - Expected volatility 158 % 199 % 147 % 176 % Exercise Price $ 6.60 $ 6.60 $ 6.60 $ 6.60 Fair value of the warrant $ 2.93 $ 0.78 $ 2.99 $ 0.80 |
Note 22 - Concentration of Ri_2
Note 22 - Concentration of Risk (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Schedules of Concentration of Risk, by Risk Factor [Table Text Block] | Customer A Customer B Customer C Customer D Year Ended December 31, 2018 Revenues, customer concentration risk 17% * * * Year Ended December 31, 2017 Revenues, customer concentration risk 12% 12% 10% * As of December 31, 2018 Accounts receivable, customer concentration risk 74% 12% - - As of December 31, 2017 Accounts receivable, customer concentration risk 30% * 20% 16% Supplier A Supplier B Year Ended December 31, 2018 Cost of revenues, supplier concentration risk 85% 11% Year Ended December 31, 2017 Cost of revenues, supplier concentration risk 64% 26% |
Note 23 - Commitments and Con_2
Note 23 - Commitments and Contingencies (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block] | Office Rental US$(’000) Year ending December 31, -2019 92 -2020 2 Total 94 |
Note 24 - Segment Reporting (Ta
Note 24 - Segment Reporting (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | Internet Ad. TV Ad. Blockchain technology Corporate Inter-segment and reconciling item Total US$ US$ US$ US$ US$ US$ Revenues 57,025 121 - 356 (356 ) 57,146 Cost of revenues 54,633 95 - - - 54,728 Total operating expenses 14,658 126 102 2,400 (1) (356 ) 16,930 Depreciation and amortization expense included in total operating expenses 469 1 - 71 - 541 Impairment on goodwill included in total operating expenses 5,211 - - - - 5,211 Impairment on intangible assets included in total operating expenses 3,330 - - - - 3,330 Operating loss (12,266 ) (100 ) (102 ) (2,044 ) - (14,512 ) Change in fair value of warrant liabilities - - - 1,669 - 1,669 Impairment on long-term investments - - - 453 - 453 Net loss (12,708 ) (100 ) (102 ) (1,217 ) - (14,127 ) Expenditure for long-term assets 431 - 3,746 3 - 4,180 Total assets – December 31, 2018 12,756 207 3,396 17,155 (16,546 ) 16,968 Internet Ad. and TV Ad. Corporate Inter- segment and reconciling item Total US$ US$ US$ US$ US$ Revenues 46,291 342 247 (247 ) 46,633 Cost of revenues 41,747 273 - - 42,020 Total operating expenses 9,730 74 4,454 (1) (247 ) 14,011 Impairment on intangible assets included in total operating expenses 2,552 - - - 2,552 Depreciation and amortization expense included in total operating expenses 1,333 1 88 - 1,422 Operating loss (5,186 ) (5 ) (4,207 ) - (9,398 ) Impairment on long-term investments 28 16 - - 44 Net loss (5,752 ) (21 ) (4,238 ) - (10,011 ) Expenditure for long-term assets 1 1 2 - 4 Total assets – December 31, 2017 28,524 402 11,013 (11,379 ) 28,560 |
Note 25 - Loss Per Share (Table
Note 25 - Loss Per Share (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Year Ended December 31, 2018 2017 US$(’000) US$(’000) Net loss attributable to ChinaNet Online Holdings, Inc. (numerator for basic and diluted loss per share) $ (14,025 ) $ (10,125 ) Weighted average number of common shares outstanding – Basic and diluted 15,863,894 12,116,783 Loss per share -Basic and diluted from continuing operations $ (0.88 ) $ (0.84 ) |
Note 26 - Share-based Compens_2
Note 26 - Share-based Compensation Expenses (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Share-based Compensation, Stock Options, Activity [Table Text Block] | Option Outstanding Option Exercisable Number of underlying shares Weighted Weighted Number of underlying shares Weighted Weighted Balance, January 1, 2017 835,216 4.04 $ 2.49 676,136 4.11 $ 2.59 Granted/Vested - 159,080 2.70 $ 2.10 Forfeited - - Exercised - - Balance, December 31, 2017 835,216 3.04 $ 2.49 835,216 3.04 $ 2.49 Granted/Vested - - Forfeited - - Exercised - - Balance, December 31, 2018 835,216 2.04 $ 2.49 835,216 2.04 $ 2.49 |
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block] | Year Ended December 31, 2018 2017 US$(’000) US$(’000) Sales and marketing expenses 47 86 General and administrative expenses 149 2,120 Research and development expenses 37 65 Total 233 2,271 |
Note 1 - Organization and Nat_3
Note 1 - Organization and Nature of Operations (Details Textual) - USD ($) $ / shares in Units, $ in Thousands | Jan. 17, 2018 | Dec. 31, 2018 |
Investor Warrants [Member] | ||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 645,000 | |
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 6.60 | |
Class of Warrant or Right, Term | 2 years 180 days | |
Placement Agent Warrants [Member] | ||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 129,000 | |
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 6.60 | |
Class of Warrant or Right, Term | 3 years | |
Private Placement [Member] | ||
Stock Issued During Period, Shares, New Issues | 2,150,001 | |
Shares Issued, Price Per Share | $ 5.15 | |
Proceeds from Issuance or Sale of Equity, Total | $ 11,100 | $ 11,073 |
Note 1 - Organization and Nat_4
Note 1 - Organization and Nature of Operations - Consolidated Subsidiaries and VIEs (Details) | 12 Months Ended | |
Dec. 31, 2018 | ||
Business Opportunity Online [Member] | ||
VIE, percentage of ownership | 100.00% | [1] |
Beijing CNET Online [Member] | ||
VIE, percentage of ownership | 100.00% | [1] |
Beijing Chuang Fu Tian Xia [Member] | ||
VIE, percentage of ownership | 100.00% | [1] |
Business Opportunity Online Hubei [Member] | ||
VIE, percentage of ownership | 100.00% | [1] |
Hubei CNET [Member] | ||
VIE, percentage of ownership | 100.00% | [1] |
Sheng Tian Hubei [Member] | ||
VIE, percentage of ownership | 100.00% | [1] |
Beijing Chuang Shi Xin Qi [Member] | ||
VIE, percentage of ownership | 100.00% | [1] |
Beijing Shi Ji Cheng Yuan [Member] | ||
VIE, percentage of ownership | 100.00% | [1] |
Beijing Hong Da Shi Xing [Member] | ||
VIE, percentage of ownership | 100.00% | [1] |
ChinaNet BVI [Member] | ||
Consolidated subsidiaries, percentage of ownership | 100.00% | [2] |
China Net HK [Member] | ||
Consolidated subsidiaries, percentage of ownership | 100.00% | [2] |
ChinaNet Investment BVI [Member] | ||
Consolidated subsidiaries, percentage of ownership | 100.00% | [2] |
Rise King WFOE [Member] | ||
Consolidated subsidiaries, percentage of ownership | 100.00% | [2] |
ChinaNet Online PRC [Member] | ||
Consolidated subsidiaries, percentage of ownership | 100.00% | [2] |
Business Opportunity Chain [Member] | ||
Consolidated subsidiaries, percentage of ownership | 51.00% | [2] |
[1] | The Company's consolidated VIE, or a direct or indirect subsidiary of the Company's consolidated VIE. | |
[2] | A direct or indirect subsidiary of the Company. |
Note 2 - Variable Interest En_3
Note 2 - Variable Interest Entities (Details Textual) | Dec. 31, 2018CNY (¥) |
PRC Operating Entities Business Operations, VIE [Member] | Rise King WFOE [Member] | |
Exclusive Option Agreements, Option to Purchase Equity Interests, Price Per Equity Interest in Any Operating Entity | ¥ 10 |
Note 2 - Variable Interest En_4
Note 2 - Variable Interest Entities - Consolidated VIEs' Assets and Liabilities (Details) ¥ in Thousands, $ in Thousands | Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($) | Dec. 31, 2017CNY (¥) | Dec. 31, 2016USD ($) | Dec. 31, 2016CNY (¥) | ||
Current assets: | |||||||
Cash and cash equivalents | $ 3,742 | $ 2,952 | |||||
Accounts receivable, net | 6,359 | 7,215 | |||||
Other receivables, net | 19 | 2,646 | |||||
Prepayment and deposit to suppliers | 2,154 | 4,073 | |||||
Due from related parties, net | 226 | 14 | |||||
Total current assets | 12,500 | 16,900 | |||||
Property and equipment, net | 142 | 299 | |||||
Intangible assets, net | 45 | 3,808 | |||||
Goodwill | 5,277 | $ 4,970 | |||||
Deferred tax assets | 556 | 1,358 | |||||
Total Assets | 16,968 | 28,560 | |||||
Current liabilities: | |||||||
Short-term Bank Loans and Notes Payable | [1] | 874 | 765 | ||||
Accounts payable | [1] | 2,869 | 2,851 | ||||
Advances from customers | [1] | 1,061 | 3,559 | ||||
Accrued payroll and other accruals | [1] | 521 | 559 | ||||
Payable for Purchasing of Software Technology | [1] | 436 | ¥ 2,850 | $ 400 | ¥ 2,850 | ||
Taxes payable | [1] | 2,997 | 3,168 | ||||
Other payables | [1] | 118 | 687 | ||||
Total current liabilities | 8,440 | 12,963 | |||||
Total Liabilities | 9,174 | 13,097 | |||||
VIEs [Member] | |||||||
Current assets: | |||||||
Cash and cash equivalents | 2,328 | 2,904 | |||||
Accounts receivable, net | 6,359 | 7,215 | |||||
Other receivables, net | 11 | 2,629 | |||||
Prepayment and deposit to suppliers | 1,724 | 4,009 | |||||
Due from related parties, net | 26 | 14 | |||||
Total current assets | 10,448 | 16,771 | |||||
Property and equipment, net | 84 | 177 | |||||
Intangible assets, net | 42 | 2,112 | |||||
Goodwill | 5,277 | ||||||
Deferred tax assets | 556 | 975 | |||||
Total Assets | 11,130 | 25,312 | |||||
Current liabilities: | |||||||
Short-term Bank Loans and Notes Payable | 874 | 765 | |||||
Accounts payable | 2,868 | 2,848 | |||||
Advances from customers | 1,059 | 3,559 | |||||
Accrued payroll and other accruals | 155 | 159 | |||||
Due to Control Group | 11 | 11 | |||||
Payable for Purchasing of Software Technology | 436 | ||||||
Taxes payable | 2,562 | 2,711 | |||||
Other payables | 55 | 155 | |||||
Total current liabilities | 7,584 | 10,644 | |||||
Total Liabilities | $ 7,584 | $ 10,644 | |||||
[1] | All of the VIEs' assets can be used to settle obligations of their primary beneficiary. Liabilities recognized as a result of consolidating these VIEs do not represent additional claims on the Company's general assets (Note 2). |
Note 2 - Variable Interest En_5
Note 2 - Variable Interest Entities - Consolidated VIEs' Financial Performance (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Revenues | $ 57,146 | $ 46,633 |
Cost of revenues | 54,728 | 42,020 |
Total operating expenses (including impairment on intangible assets and goodwill) | 16,930 | 14,011 |
Net loss | (14,127) | (10,011) |
VIEs [Member] | ||
Revenues | 57,133 | 46,576 |
Cost of revenues | 54,728 | 42,019 |
Total operating expenses (including impairment on intangible assets and goodwill) | 12,826 | 9,853 |
Net loss | $ 10,862 | $ 5,878 |
Note 3 - Summary of Significa_3
Note 3 - Summary of Significant Accounting Policies (Details Textual) | 12 Months Ended | ||||||
Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($) | Dec. 31, 2018CNY (¥) | May 31, 2018 | Dec. 31, 2017CNY (¥) | Jan. 01, 2017USD ($) | Dec. 31, 2016USD ($) | |
Net Income (Loss) Attributable to Parent, Total | $ (14,025,000) | $ (10,125,000) | |||||
Cash and Cash Equivalents, at Carrying Value, Ending Balance | 3,742,000 | 2,952,000 | |||||
Net Cash Provided by (Used in) Operating Activities, Total | (5,389,000) | (1,320,000) | |||||
Restricted Cash and Cash Equivalents, Total | 25,500 | ||||||
Allowance for Doubtful Accounts Receivable, Write-offs | 1,410,000 | ||||||
Allowance for Doubtful Accounts Receivable, Ending Balance | 760,000 | 1,280,000 | |||||
Provision for Doubtful Accounts | 1,523,000 | 1,462,000 | |||||
Equity Method Investment, Other than Temporary Impairment | 0 | 0 | |||||
Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net, Total | $ 450,000 | 40,000 | |||||
Finite-Lived Intangible Asset, Useful Life | 2 years 175 days | ||||||
Impairment of Intangible Assets (Excluding Goodwill), Total | $ 3,330,000 | 2,550,000 | |||||
Goodwill, Impairment Loss | 5,211,000 | 0 | |||||
Contract with Customer, Asset, Net, Total | 0 | ||||||
Contract with Customer, Performance Obligation Satisfied in Previous Period | 0 | ||||||
Advertising Expense | 1,097,000 | 1,717,000 | |||||
Research and Development Expense, Total | 933,000 | 1,261,000 | |||||
Statute of Limitations, Special Circumstances, Underpayment of Taxes Threshold | ¥ | ¥ 100,000 | ||||||
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense, Total | 0 | 0 | |||||
Unrecognized Tax Benefits, Ending Balance | 0 | 0 | |||||
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations, Ending Balance | 2,952,000 | $ 6,091,000 | |||||
Accounting Standards Update 2016-18 [Member] | |||||||
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations, Ending Balance | $ 3,100,000 | ||||||
Beijing Chuang Fu Tian Xia [Member] | |||||||
Variable Interest Entity, Remaining Ownership Percentage Acquired | 49.00% | ||||||
Income (Loss) from Acquisition of Variable Interest Entity | (1,810,000) | ||||||
Reallocation of Variable Interest Entity’s Accumulated Comprehensive Loss to the Parent's Equity | 30,000 | ||||||
Internet Advertising And TV Advertising Contractual Deposit [Member] | |||||||
Allowance for Doubtful Accounts Receivable, Ending Balance | 1,620,000 | 890,000 | ¥ 11,100,000 | ¥ 5,800,000 | |||
Provision for Doubtful Accounts | $ 800,000 | ||||||
Provision for Doubtful Accounts Reversal | $ 30,000 | ||||||
Minimum [Member] | Purchased Software and Software Platform [Member] | |||||||
Finite-Lived Intangible Asset, Useful Life | 2 years | ||||||
Maximum [Member] | |||||||
Loans Receivable, Interest Rate, Stated Percentage | 12.00% | 12.00% | |||||
Maximum [Member] | Purchased Software and Software Platform [Member] | |||||||
Finite-Lived Intangible Asset, Useful Life | 10 years |
Note 3 - Summary of Significa_4
Note 3 - Summary of Significant Accounting Policies - Exchange Rates Used to Translate Amounts In RMB Into US$ (Details) | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Items in the statements of operations and comprehensive loss, and statements of cash flows | 6.6174 | 6.7518 |
Balance Sheet Items, Except Equity Accounts [Member] | ||
Balance sheet items, except for equity accounts | 6.8632 | 6.5342 |
Note 3 - Summary of Significa_5
Note 3 - Summary of Significant Accounting Policies - Estimated Useful Lives of Property, Plant, and Equipment (Details) | 12 Months Ended |
Dec. 31, 2018 | |
Leasehold Improvements [Member] | |
Property and equipment, useful life (Year) | 3 years |
Vehicles [Member] | |
Property and equipment, useful life (Year) | 5 years |
Office Equipment [Member] | Minimum [Member] | |
Property and equipment, useful life (Year) | 3 years |
Office Equipment [Member] | Maximum [Member] | |
Property and equipment, useful life (Year) | 5 years |
Electronic Devices [Member] | |
Property and equipment, useful life (Year) | 5 years |
Note 3 - Summary of Significa_6
Note 3 - Summary of Significant Accounting Policies - Summary of Assets and Liabilities Measured at Fair Value on a Recurring and Nonrecurring Basis (Details) - Fair Value, Measurements, Recurring [Member] $ in Thousands | Dec. 31, 2018USD ($) |
Warrant liabilities (Note 19) | $ 606 |
Fair Value, Inputs, Level 1 [Member] | |
Warrant liabilities (Note 19) | |
Fair Value, Inputs, Level 2 [Member] | |
Warrant liabilities (Note 19) | |
Fair Value, Inputs, Level 3 [Member] | |
Warrant liabilities (Note 19) | $ 606 |
Note 3 - Summary of Significa_7
Note 3 - Summary of Significant Accounting Policies - Quantitative Information About Level 3 Fair Value Measurements (Details) - Fair Value, Inputs, Level 3 [Member] - Fair Value, Measurements, Nonrecurring [Member] | Dec. 31, 2018 | Dec. 31, 2017 |
Valuation, Income Approach [Member] | Measurement Input, Expected Term [Member] | ||
Intangible assets | 0.0775 | |
Valuation, Income Approach [Member] | Measurement Input, Discount Rate [Member] | ||
Intangible assets | 0.24 | 0.24 |
Valuation, Income Approach [Member] | Measurement Input, Terminal Growth Rate [Member] | ||
Goodwill | 3.5 | |
Goodwill | 3.5 | |
Valuation, Income Approach [Member] | Measurement Input, Terminal Growth Rate [Member] | Minimum [Member] | ||
Goodwill | ||
Goodwill | ||
Valuation, Income Approach [Member] | Measurement Input, Terminal Growth Rate [Member] | Maximum [Member] | ||
Goodwill | ||
Goodwill | ||
Valuation Technique, Discounted Cash Flow [Member] | Measurement Input, Expected Term [Member] | ||
Goodwill | 0.05 | 5 |
Goodwill | 0.05 | 5 |
Valuation Technique, Discounted Cash Flow [Member] | Measurement Input, Expected Term [Member] | Minimum [Member] | ||
Intangible assets | 3.25 | |
Valuation Technique, Discounted Cash Flow [Member] | Measurement Input, Expected Term [Member] | Maximum [Member] | ||
Intangible assets | 8.5 | |
Valuation Technique, Discounted Cash Flow [Member] | Measurement Input, Discount Rate [Member] | ||
Goodwill | 0.2 | 0.2 |
Goodwill | 0.2 | 0.2 |
Valuation Technique, Discounted Cash Flow [Member] | Measurement Input, Contributory Asset Charge [Member] | Minimum [Member] | ||
Intangible assets | 8.9 | 0.159 |
Valuation Technique, Discounted Cash Flow [Member] | Measurement Input, Contributory Asset Charge [Member] | Maximum [Member] | ||
Intangible assets | 24 | 0.24 |
Valuation Technique, Discounted Cash Flow [Member] | Measurement Input, Terminal Growth Rate [Member] | ||
Goodwill | 3.5 | |
Goodwill | 3.5 |
Note 3 - Summary of Significa_8
Note 3 - Summary of Significant Accounting Policies - Disaggregation of Revenue (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Revenues | $ 57,146 | $ 46,633 |
Search Engine Marketing and Data Service [Member] | ||
Revenues | 47,423 | 37,355 |
Online Advertising Placement [Member] | ||
Revenues | 9,094 | 7,534 |
Sales of Effective Sales Lead Information [Member] | ||
Revenues | 494 | 1,345 |
TV Advertising Service [Member] | ||
Revenues | 121 | 342 |
Product and Service, Other [Member] | ||
Revenues | 14 | 57 |
Transferred over Time [Member] | ||
Revenues | 56,652 | 45,288 |
Transferred at Point in Time [Member] | ||
Revenues | $ 494 | $ 1,345 |
Note 3 - Summary of Significa_9
Note 3 - Summary of Significant Accounting Policies - Contract liabilities (Details) $ in Thousands | 12 Months Ended |
Dec. 31, 2018USD ($) | |
Balance as of January 1, 2018 | $ 3,559 |
Exchange translation adjustment | (171) |
Revenue recognized from beginning contract liability balance | (3,338) |
Advances received from customers related to unsatisfied performance obligations | 1,011 |
Balance as of December 31, 2018 | $ 1,061 |
Note 4 - Accounts Receivable,_3
Note 4 - Accounts Receivable, Net (Details Textual) - USD ($) | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Allowance for Doubtful Accounts Receivable, Current, Ending Balance | $ 3,393,000 | $ 2,793,000 |
Provision for Doubtful Accounts | 1,523,000 | 1,462,000 |
Allowance for Doubtful Accounts Receivable, Write-offs | 1,410,000 | |
Internet Advertising and TV Advertising [Member] | ||
Allowance for Doubtful Accounts Receivable, Current, Ending Balance | $ 3,393,000 | 2,793,000 |
Number of Months Past Due | 180 days | |
Provision for Doubtful Accounts | $ 760,000 | 1,280,000 |
Allowance for Doubtful Accounts Receivable, Write-offs | $ 1,410,000 |
Note 4 - Accounts Receivable,_4
Note 4 - Accounts Receivable, Net - Accounts Receivable, Net (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Accounts receivable | $ 9,752 | $ 10,008 |
Allowance for doubtful accounts | (3,393) | (2,793) |
Accounts receivable, net | $ 6,359 | $ 7,215 |
Note 5 - Other Receivables, N_3
Note 5 - Other Receivables, Net (Details Textual) ¥ in Millions | 12 Months Ended | |||
Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($) | Dec. 31, 2018CNY (¥) | Dec. 31, 2017CNY (¥) | |
Allowance for Doubtful Accounts Receivable, Ending Balance | $ 760,000 | $ 1,280,000 | ||
Provision for Doubtful Accounts | 1,523,000 | 1,462,000 | ||
Internet Advertising And TV Advertising Contractual Deposit [Member] | ||||
Allowance for Doubtful Accounts Receivable, Ending Balance | 1,620,000 | 890,000 | ¥ 11.1 | ¥ 5.8 |
Provision for Doubtful Accounts | 800,000 | |||
Provision for Doubtful Accounts Reversal | 30,000 | |||
Short-term Working Capital Loan to an Unrelated Third Party [Member] | ||||
Loans Receivable, Net, Total | $ 150,000 | $ 2,600,000 | ¥ 1 | ¥ 17 |
Note 5 - Other Receivables, N_4
Note 5 - Other Receivables, Net - Summary of Other Receivables (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Other receivables, gross | $ 1,784 | $ 3,539 |
Allowance for doubtful accounts | (1,765) | (893) |
Other receivables, net | 19 | 2,646 |
Short-term Working Capital Loan to an Unrelated Third Party [Member] | ||
Other receivables, gross | 146 | 2,602 |
TV Advertisement Deposit and Prepayment [Member] | ||
Other receivables, gross | 19 | 44 |
Overdue Deposits [Member] | ||
Other receivables, gross | $ 1,619 | $ 893 |
Note 6 - Prepayments and Depo_3
Note 6 - Prepayments and Deposit to Suppliers - Prepayments and Deposit to Suppliers (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Prepayment and deposit to suppliers | $ 2,154 | $ 4,073 |
Deposits to TV Ad and Internet Ad Resources Providers [Member] | ||
Prepayment and deposit to suppliers | 963 | 1,870 |
Prepayment to TV Ad and Internet Ad Resources Providers [Member] | ||
Prepayment and deposit to suppliers | 727 | 1,331 |
Deposits to Other Service Providers [Member] | ||
Prepayment and deposit to suppliers | 765 | |
Other Deposits and Prepayments [Member] | ||
Prepayment and deposit to suppliers | $ 464 | $ 107 |
Note 7 - Due From Related Par_3
Note 7 - Due From Related Parties, Net (Details Textual) ¥ in Thousands, $ in Thousands | 12 Months Ended | |||||
Dec. 31, 2018USD ($) | Dec. 31, 2018CNY (¥) | Apr. 07, 2019USD ($) | Dec. 31, 2018CNY (¥) | Dec. 31, 2017USD ($) | Dec. 31, 2017CNY (¥) | |
Due from Related Parties, Current, Total | $ 226 | $ 14 | ||||
Allowance for Doubtful Accounts Receivable, Related Party, Current | 175 | 373 | ||||
Related-party Working Capital Loans [Member] | Chuangshi Meiwei and Guoshua Shiji [Member] | ||||||
Due from Related Parties, Current, Total | 200 | ¥ 1,380 | ||||
Proceeds from Collection of Short-term Loans to Related Parties | 30 | ¥ 180 | ||||
Allowance for Doubtful Accounts, Related Party, Reversal | 40 | |||||
Allowance for Doubtful Accounts Receivable, Related Party, Current | 210 | |||||
Related-party Working Capital Loans [Member] | Chuangshi Meiwei [Member] | ||||||
Due from Related Parties, Current, Total | 150 | ¥ 1,000 | ||||
Related-party Working Capital Loans [Member] | Guohua Shiji [Member] | ||||||
Due from Related Parties, Current, Total | $ 180 | ¥ 1,200 | ||||
Fund Advanced to Company Management [Member] | Officer [Member] | ||||||
Due from Related Parties, Total | $ 200 | |||||
Fund Advanced to Company Management [Member] | Officer [Member] | Subsequent Event [Member] | ||||||
Due from Related Parties, Amount Returned | $ 200 |
Note 7 - Due From Related Par_4
Note 7 - Due From Related Parties, Net - Due From Related Parties (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Due from related parties, gross | $ 401 | $ 387 |
Allowance for doubtful accounts | (175) | (373) |
Due from Related Parties, Current, Total | 226 | 14 |
Beijing Saimeiwei Food Equipment Technology [Member] | ||
Due from related parties, gross | 33 | |
Chuangshi Meiwei [Member] | ||
Due from related parties, gross | 156 | |
Guohua Shiji [Member] | ||
Due from related parties, gross | 201 | 184 |
ChinaNet Chuang Tou [Member] | ||
Due from related parties, gross | 14 | |
Officer [Member] | ||
Due from related parties, gross | $ 200 |
Note 8 - Long-term Investment_2
Note 8 - Long-term Investments (Details Textual) ¥ in Thousands, $ in Thousands | 1 Months Ended | 12 Months Ended | ||||||
Jan. 31, 2019USD ($) | Jan. 31, 2019CNY (¥) | Dec. 31, 2018USD ($) | Dec. 31, 2018CNY (¥) | Dec. 31, 2017USD ($) | Oct. 31, 2018USD ($) | Oct. 31, 2018CNY (¥) | Dec. 31, 2015USD ($) | |
Investments, Cash Returned | $ 437 | $ 459 | ||||||
Local Chain Xi’an [Member] | ||||||||
Common Stock, Value, Outstanding | $ 730 | ¥ 5,000 | ||||||
Shenzhen Mingshan and Zhao Shang Ke Hubei [Member] | ||||||||
Equity Method Investment, Ownership Percentage | 23.18% | 23.18% | 25.50% | |||||
Equity Method Investments | $ 0 | |||||||
ChinaNet Chuang Tou [Member] | ||||||||
Equity Securities without Readily Determinable Fair Value, Percent | 19.00% | 19.00% | ||||||
Investments, Cash Returned | $ 437 | ¥ 3,000 | $ 459 | |||||
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | $ 450 | |||||||
ChinaNet Korea [Member] | ||||||||
Equity Securities without Readily Determinable Fair Value, Percent | 15.00% | 15.00% | ||||||
Equity Securities without Readily Determinable Fair Value, Amount | 0 | |||||||
Beijing Saturday [Member] | ||||||||
Equity Securities without Readily Determinable Fair Value, Percent | 10.00% | 10.00% | ||||||
Investments, Cash Returned | ||||||||
Equity Securities without Readily Determinable Fair Value, Amount | 0 | |||||||
Local Chain Xi’an [Member] | ||||||||
Equity Securities without Readily Determinable Fair Value, Percent | 4.90% | 4.90% | 4.90% | 4.90% | ||||
Local Chain Xi’an [Member] | Subsequent Event [Member] | ||||||||
Payments to Acquire Investments, Total | $ 40 | ¥ 250 | ||||||
Chuangshi Meiwei [Member] | ||||||||
Equity Securities without Readily Determinable Fair Value, Amount | 0 | |||||||
Guohua Shiji and Beijing Saturday [Member] | ||||||||
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | $ 40 | |||||||
Shenzhen Mingshan [Member] | ||||||||
Equity Method Investment, Ownership Percentage | 23.18% | |||||||
Zhao Shang Ke Hubei [Member] | ||||||||
Equity Method Investment, Ownership Percentage | 25.50% | |||||||
Guohua Shiji [Member] | ||||||||
Investments, Cash Returned | ||||||||
Equity Securities without Readily Determinable Fair Value, Amount | $ 0 |
Note 8 - Long-term Investment_3
Note 8 - Long-term Investments - Movement in Other Ownership Interest Investments (Details) ¥ in Thousands, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018USD ($) | Dec. 31, 2018CNY (¥) | Dec. 31, 2017USD ($) | |
Investments, balance | $ 918 | $ 1,340 | |
Cash investment returned during the year | (437) | (459) | |
Impairment on the investments | (437) | (46) | |
Exchange translation adjustment | (44) | 83 | |
Investments, balance | 918 | ||
ChinaNet Chuang Tou [Member] | |||
Investments, balance | 918 | 1,297 | |
Cash investment returned during the year | (437) | ¥ (3,000) | (459) |
Impairment on the investments | (437) | ||
Exchange translation adjustment | (44) | 80 | |
Investments, balance | 918 | ||
Guohua Shiji [Member] | |||
Investments, balance | 27 | ||
Cash investment returned during the year | |||
Impairment on the investments | (29) | ||
Exchange translation adjustment | 2 | ||
Investments, balance | |||
Beijing Saturday [Member] | |||
Investments, balance | 16 | ||
Cash investment returned during the year | |||
Impairment on the investments | (17) | ||
Exchange translation adjustment | 1 | ||
Investments, balance |
Note 9 - Property and Equipme_3
Note 9 - Property and Equipment, Net (Details Textual) - USD ($) | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Depreciation, Total | $ 159,000 | $ 196,000 |
Note 9 - Property and Equipme_4
Note 9 - Property and Equipment, Net - Property and Equipment, Net (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Property and equipment, gross | $ 3,397 | $ 3,557 |
Less: accumulated depreciation | (3,255) | (3,258) |
Property and equipment, net | 142 | 299 |
Leaseholds and Leasehold Improvements [Member] | ||
Property and equipment, gross | 321 | 337 |
Vehicles [Member] | ||
Property and equipment, gross | 771 | 810 |
Office Equipment [Member] | ||
Property and equipment, gross | 1,353 | 1,410 |
Electronic Devices [Member] | ||
Property and equipment, gross | $ 952 | $ 1,000 |
Note 10 - Intangible Assets, _3
Note 10 - Intangible Assets, Net (Details Textual) - USD ($) | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Amortization of Intangible Assets, Total | $ 382,000 | $ 1,226,000 |
Impairment of Intangible Assets, Finite-lived | $ 3,330,000 | $ 2,552,000 |
Finite-Lived Intangible Asset, Useful Life | 2 years 175 days | |
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months | $ 18,000 | |
Finite-Lived Intangible Assets, Amortization Expense, Year Three | 9,000 | |
Finite-Lived Intangible Assets, Amortization Expense, Year Two | $ 18,000 |
Note 10 - Intangible Assets, _4
Note 10 - Intangible Assets, Net - Intangible Assets, Net (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Finite-lived intangible assets, Impairment | $ (7,618) | $ (4,627) |
Finite-lived intangible assets | 14,165 | 14,878 |
Finite-lived intangible assets, Accumulated amortization | (6,502) | (6,443) |
Intangible assets, net | 45 | 3,808 |
Customer Relationships [Member] | ||
Finite-lived intangible assets, Impairment | ||
Finite-lived intangible assets | 1,941 | 2,038 |
Finite-lived intangible assets, Accumulated amortization | (1,941) | (2,038) |
Intangible assets, net | ||
Noncompete Agreements [Member] | ||
Finite-lived intangible assets, Impairment | (488) | (512) |
Finite-lived intangible assets | 1,068 | 1,122 |
Finite-lived intangible assets, Accumulated amortization | (580) | (610) |
Intangible assets, net | ||
Software Technologies [Member] | ||
Finite-lived intangible assets, Impairment | ||
Finite-lived intangible assets | 299 | 314 |
Finite-lived intangible assets, Accumulated amortization | (299) | (314) |
Intangible assets, net | ||
Cloud-Computing Based Software Platforms [Member] | ||
Finite-lived intangible assets, Impairment | (415) | (435) |
Finite-lived intangible assets | 1,353 | 1,420 |
Finite-lived intangible assets, Accumulated amortization | (896) | (923) |
Intangible assets, net | 42 | 62 |
Intelligent Marketing Data Service Platform [Member] | ||
Finite-lived intangible assets, Impairment | (2,799) | (1,600) |
Finite-lived intangible assets | 4,705 | 4,942 |
Finite-lived intangible assets, Accumulated amortization | (1,906) | (1,853) |
Intangible assets, net | 1,489 | |
Internet Safety, Information Exchange Security and Data Encryption Software [Member] | ||
Finite-lived intangible assets, Impairment | (1,468) | |
Finite-lived intangible assets | 1,894 | 1,990 |
Finite-lived intangible assets, Accumulated amortization | (426) | (299) |
Intangible assets, net | 1,691 | |
Computer Software, Cloud Video Management System [Member] | ||
Finite-lived intangible assets, Impairment | (1,040) | (602) |
Finite-lived intangible assets | 1,383 | 1,454 |
Finite-lived intangible assets, Accumulated amortization | (343) | (291) |
Intangible assets, net | 561 | |
Other Computer Software [Member] | ||
Finite-lived intangible assets, Impairment | ||
Finite-lived intangible assets | 114 | 120 |
Finite-lived intangible assets, Accumulated amortization | (111) | (115) |
Intangible assets, net | 3 | 5 |
Domain Name [Member] | ||
Domain name | 1,408 | 1,478 |
Finite-lived intangible assets, Impairment | $ (1,408) | $ (1,478) |
Note 11 - Blockchain Software_2
Note 11 - Blockchain Software Application Platform Development Costs (Details Textual) $ in Thousands, ¥ in Millions | 12 Months Ended | ||||
Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($) | Mar. 31, 2018USD ($) | Mar. 31, 2018CNY (¥) | Feb. 28, 2018USD ($) | |
Payment for Blockchain Technology Based Applications Development Costs | $ 3,738 | ||||
Contract to Develop Blockchain Technology Based Applications [Member] | |||||
Application Development Contracts, Contract Amount | $ 4,500 | ||||
Contract to Develop Social Network Based Applications [Member] | |||||
Application Development Contracts, Contract Amount | $ 440 | ¥ 3 |
Note 12 - Goodwill (Details Tex
Note 12 - Goodwill (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Goodwill, Impairment Loss | $ 5,211 | $ 0 |
Internet Ad [Member] | ||
Reporting Unit, Amount of Fair Value | 1,000 | |
Reporting Unit, Amount of Carrying Amount | $ 6,200 |
Note 12 - Goodwill - Goodwill (
Note 12 - Goodwill - Goodwill (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Balance | $ 5,277 | $ 4,970 |
Exchange translation adjustment | (253) | 307 |
Impairment on goodwill | (5,024) | |
Balance | $ 5,277 |
Note 13 - Short-term Bank Loa_2
Note 13 - Short-term Bank Loan and Credit Facility (Details Textual) ¥ in Millions | Sep. 29, 2019USD ($) | Sep. 29, 2019CNY (¥) | Jul. 29, 2019USD ($) | Jul. 29, 2019CNY (¥) | Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($) | Dec. 31, 2018CNY (¥) | Sep. 30, 2018USD ($) | Dec. 31, 2017CNY (¥) | |
Short-term Bank Loans and Notes Payable | [1] | $ 874,000 | $ 765,000 | |||||||
Restricted Cash and Cash Equivalents, Total | $ 25,500 | |||||||||
Minimum [Member] | ||||||||||
Short-term Debt, Weighted Average Interest Rate, at Point in Time | 5.22% | 5.22% | 5.22% | 5.22% | ||||||
Debt Instrument, Basis Spread on Variable Rate | 20.00% | 20.00% | ||||||||
Maximum [Member] | ||||||||||
Short-term Debt, Weighted Average Interest Rate, at Point in Time | 5.655% | 5.655% | 5.655% | 5.655% | ||||||
Debt Instrument, Basis Spread on Variable Rate | 30.00% | 30.00% | ||||||||
VIEs [Member] | ||||||||||
Short-term Bank Loans and Notes Payable | $ 874,000 | $ 765,000 | ||||||||
VIEs [Member] | Loans Payable [Member] | ||||||||||
Short-term Bank Loans and Notes Payable | 700,000 | ¥ 5 | ||||||||
VIEs [Member] | Loan Payable Borrowed on August 16, 2017 [Member] | ||||||||||
Short-term Bank Loans and Notes Payable | $ 440,000 | 3 | ||||||||
VIEs [Member] | Loan Payable Borrowed on September 30, 2018 [Member] | ||||||||||
Short-term Bank Loans and Notes Payable | ¥ 3 | $ 440,000 | ||||||||
VIEs [Member] | Loan Payable Borrowed on September 30, 2018 [Member] | Scenario, Forecast [Member] | ||||||||||
Repayments of Short-term Debt, Total | $ 220,000 | ¥ 1.5 | $ 220,000 | ¥ 1.5 | ||||||
VIEs [Member] | Loan Payable Maturing on August 15, 2018 [Member] | ||||||||||
Short-term Bank Loans and Notes Payable | 500,000 | ¥ 3 | ||||||||
VIEs [Member] | Loan Payable Maturing on October 18, 2017 [Member] | ||||||||||
Short-term Bank Loans and Notes Payable | $ 300,000 | ¥ 2 | ||||||||
[1] | All of the VIEs' assets can be used to settle obligations of their primary beneficiary. Liabilities recognized as a result of consolidating these VIEs do not represent additional claims on the Company's general assets (Note 2). |
Note 14 - Accrued Payroll and_3
Note 14 - Accrued Payroll and Other Accruals - Accrued Payroll and Other Accruals (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | |
Accrued payroll and other accruals * | [1] | $ 521 | $ 559 |
Accrued Payroll and Staff Welfare [Member] | |||
Accrued payroll and other accruals * | 208 | 203 | |
Accrued Operating Expenses [Member] | |||
Accrued payroll and other accruals * | $ 313 | $ 356 | |
[1] | All of the VIEs' assets can be used to settle obligations of their primary beneficiary. Liabilities recognized as a result of consolidating these VIEs do not represent additional claims on the Company's general assets (Note 2). |
Note 15 - Due to Investors Re_2
Note 15 - Due to Investors Related to Terminated Security Purchase Agreements (Details Textual) | 12 Months Ended | ||||
Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($) | Dec. 31, 2016USD ($) | Jan. 01, 2017 | May 12, 2016 | |
Number of Investors Security Purchase Agreement Terminated | 2 | ||||
Repayment for Security Purchase Agreement | $ 922,000 | $ 0 | $ 0 | ||
Security Purchase Agreement Termination Failure to Refund Amounts Annualized Interest Rate for Unpaid Amounts | 12.00% | ||||
Jinrun Fangzhou [Member] | |||||
Common Stock Purchase Agreement Guarantee Payments Initial Payment Due Within Five Days Percentage | 10.00% | ||||
Common Stock Purchase Agreement Guarantee Payment Due Within Thirty Days, Percentage | 15.00% | ||||
Common Stock Purchase Agreement Guarantee Payment | $ 819,000 | ||||
Dongsys Innovation [Member] | |||||
Common Stock Purchase Agreement Guarantee Payments Initial Payment Due Within Five Days Percentage | 10.00% | ||||
Common Stock Purchase Agreement Guarantee Payment | $ 119,000 |
Note 16 - Payable for Purchas_2
Note 16 - Payable for Purchasing of Software Technology (Details Textual) ¥ in Thousands, $ in Thousands | Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($) | Dec. 31, 2017CNY (¥) | Dec. 31, 2016USD ($) | Dec. 31, 2016CNY (¥) | |
Payable for Purchasing of Software Technology | [1] | $ 436 | ¥ 2,850 | $ 400 | ¥ 2,850 | |
[1] | All of the VIEs' assets can be used to settle obligations of their primary beneficiary. Liabilities recognized as a result of consolidating these VIEs do not represent additional claims on the Company's general assets (Note 2). |
Note 17 - Taxation (Details Tex
Note 17 - Taxation (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Nov. 30, 2015 | |
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 21.00% | 35.00% | |
Increase (Decrease) in Amount of Toll Charge Income From the Act | $ 460 | ||
Amount of Toll Charge Income From the Act | 1,860 | $ 1,400 | |
Federal Income Tax Expense (Benefit), Continuing Operations, Total | $ 0 | ||
Income Tax Withholding Rate Pursuant to EIT Law | 10.00% | ||
Operating Loss Carryforwards, Total | $ 19,200 | 13,300 | |
Operating Loss Carryforwards, Taxable Income Deduction Limitations | 80.00% | ||
Deferred Tax Assets, Valuation Allowance, Total | $ 9,875 | 6,636 | |
Income Tax Expense (Benefit), Continuing Operations, Adjustment of Deferred Tax (Asset) Liability | 1,900 | ||
Deferred Tax Assets, Bad Debts Provision [Member] | |||
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount | $ 3,500 | $ (90) | |
Minimum [Member] | |||
PRC Value Added Tax Surcharge Rate | 12.00% | ||
Maximum [Member] | |||
PRC Value Added Tax Surcharge Rate | 14.00% | ||
PRC [Member] | |||
PRC Value Added Tax Rate for Modern Service Provided | 6.00% | 6.00% | |
PRC [Member] | Provision of Modern Services Small Scale Tax Payer [Member] | |||
PRC Value Added Tax Rate for Modern Service Provided Small Scale Tax Payer | 3.00% | 3.00% | |
Tax Treaty Agreement [Member] | |||
Income Tax Withholding Rate Pursuant to EIT Law | 5.00% | ||
HONG KONG | |||
Federal Income Tax Expense (Benefit), Continuing Operations, Total | $ 0 | ||
Profits Assessable | 0 | ||
ChinaNet BVI [Member] | |||
Other Tax Expense (Benefit) | $ 0 | ||
Other PRC Operating Entities [Member] | PRC [Member] | |||
Applicable Income Tax Rate | 25.00% | ||
Business Opportunity Online [Member] | PRC [Member] | |||
Applicable Income Tax Rate | 15.00% | ||
Business Opportunity Online [Member] | PRC [Member] | Minimum [Member] | |||
Enterprise Income Tax Rate In PRC | 15.00% | ||
PRC Subsidiary And VIE's [Member] | |||
Operating Loss Carryforwards, Total | $ 25,200 | $ 19,900 |
Note 17 - Taxation - Taxes Paya
Note 17 - Taxation - Taxes Payable (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | |
PRC turnover tax and surcharge payable | $ 1,215 | $ 1,295 | |
PRC enterprise income tax payable | 1,782 | 1,873 | |
Taxes payable | [1] | $ 2,997 | $ 3,168 |
[1] | All of the VIEs' assets can be used to settle obligations of their primary beneficiary. Liabilities recognized as a result of consolidating these VIEs do not represent additional claims on the Company's general assets (Note 2). |
Note 17 - Taxation - Reconcilia
Note 17 - Taxation - Reconciliation of the Income Tax (Expense)/Benefit (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Pre-tax loss | $ (13,363) | $ (9,760) |
U.S. federal rate | 21.00% | 35.00% |
Income tax benefit computed at U.S. federal rate | $ 2,806 | $ 3,416 |
Rate differential for PRC earnings | 561 | (724) |
Preferential tax treatment effect | (231) | (238) |
Tax effect on non-taxable change in fair value of warrant liabilities | 350 | |
Tax effect on non-deductible impairment on goodwill | (1,303) | |
Tax effect on change of net operating loss treatment | 1,130 | |
Tax effect on enactment of new tax rate | (1,859) | |
Tax effect on toll charge income from the Act | (492) | |
Tax effect on adjustment to provisional amount of toll charge income from the Act | (96) | |
Provision/reverse of valuation allowance on deferred tax assets | (3,504) | 90 |
Expired tax attribute carryforwards | (365) | (524) |
Tax effect on other non-deductible expenses/non-taxable income | (112) | 80 |
Effective income tax expense | $ (764) | $ (251) |
Note 17 - Taxation - Income Tax
Note 17 - Taxation - Income Tax Expense (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Current-PRC | $ (1) | |
Deferred-PRC | (764) | (250) |
Effective income tax expense | $ (764) | $ (251) |
Note 17 - Taxation - Deferred T
Note 17 - Taxation - Deferred Tax Assets (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Tax effect of net operating losses carried forward | $ 9,243 | $ 7,115 |
Bad debts provision | 1,188 | 879 |
Valuation allowance | (9,875) | (6,636) |
Total net deferred tax assets | $ 556 | $ 1,358 |
Note 19 - The Financing and W_3
Note 19 - The Financing and Warrant Liabilities (Details Textual) - USD ($) $ / shares in Units, $ in Thousands | Jan. 17, 2018 | Dec. 31, 2018 |
Warrants and Rights Outstanding | $ 2,275 | $ 606 |
Investor Warrants [Member] | ||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 645,000 | |
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 6.60 | |
Class of Warrant or Right, Term | 2 years 180 days | |
Warrants and Rights Outstanding | $ 1,890 | 503 |
Placement Agent Warrants [Member] | ||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 129,000 | |
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 6.60 | |
Class of Warrant or Right, Term | 3 years | |
Warrants and Rights Outstanding | $ 385 | 103 |
The Warrants [Member] | ||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 6.60 | |
The Warrants [Member] | Minimum [Member] | ||
Class of Warrant or Right, Beneficial Ownership Percentage | 4.99% | |
The Warrants [Member] | Maximum [Member] | ||
Class of Warrant or Right, Beneficial Ownership Percentage | 9.99% | |
Private Placement [Member] | ||
Stock Issued During Period, Shares, New Issues | 2,150,001 | |
Shares Issued, Price Per Share | $ 5.15 | |
Proceeds from Issuance or Sale of Equity, Total | $ 11,100 | 11,073 |
Placement Agent Fee, Percent of Gross Proceeds | 6.00% | |
Adjustments to Additional Paid in Capital, Stock Issued, Issuance Costs | $ 1,200 | 1,200 |
Placement Agent Fee | 660 | |
Direct Legal Fees | $ 150 | |
Private Placement [Member] | Investor Warrants [Member] | ||
Warrants and Rights Outstanding | 1,890 | |
Private Placement [Member] | Placement Agent Warrants [Member] | ||
Warrants and Rights Outstanding | $ 390 |
Note 19 - The Financing and W_4
Note 19 - The Financing and Warrant Liabilities - Fair Value of Warrants (Details) | Dec. 31, 2018yr | Jan. 17, 2018yr |
Measurement Input, Share Price [Member] | Investor Warrants [Member] | ||
Fair value of the warrants | 1.34 | 3.98 |
Measurement Input, Share Price [Member] | Placement Agent Warrants [Member] | ||
Fair value of the warrants | 1.34 | 3.98 |
Measurement Input, Expected Term [Member] | Investor Warrants [Member] | ||
Fair value of the warrants | 1.55 | 2.5 |
Measurement Input, Expected Term [Member] | Placement Agent Warrants [Member] | ||
Fair value of the warrants | 2.05 | 3 |
Measurement Input, Risk Free Interest Rate [Member] | Investor Warrants [Member] | ||
Fair value of the warrants | 0.025 | 0.0222 |
Measurement Input, Risk Free Interest Rate [Member] | Placement Agent Warrants [Member] | ||
Fair value of the warrants | 0.025 | 0.0239 |
Measurement Input, Expected Dividend Rate [Member] | Investor Warrants [Member] | ||
Fair value of the warrants | ||
Measurement Input, Expected Dividend Rate [Member] | Placement Agent Warrants [Member] | ||
Fair value of the warrants | ||
Measurement Input, Price Volatility [Member] | Investor Warrants [Member] | ||
Fair value of the warrants | 1.99 | 1.58 |
Measurement Input, Price Volatility [Member] | Placement Agent Warrants [Member] | ||
Fair value of the warrants | 1.76 | 1.47 |
Measurement Input, Exercise Price [Member] | Investor Warrants [Member] | ||
Fair value of the warrants | 6.6 | 6.6 |
Measurement Input, Exercise Price [Member] | Placement Agent Warrants [Member] | ||
Fair value of the warrants | 6.6 | 6.6 |
Measurement Input, Quoted Price [Member] | Investor Warrants [Member] | ||
Fair value of the warrants | 0.78 | 2.93 |
Measurement Input, Quoted Price [Member] | Placement Agent Warrants [Member] | ||
Fair value of the warrants | 0.8 | 2.99 |
Note 19 - The Financing and W_5
Note 19 - The Financing and Warrant Liabilities - Allocation of Gross Proceeds From the Financing (Details) - Private Placement [Member] - USD ($) $ in Thousands | Jan. 17, 2018 | Dec. 31, 2018 |
Investor warrants | $ 1,890 | |
Common Stock (par value and additional paid-in capital) | 9,183 | |
Total proceeds from the Financing | $ 11,100 | $ 11,073 |
Note 19 - The Financing and W_6
Note 19 - The Financing and Warrant Liabilities - Warrant Liabilities (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Jan. 17, 2018 | |
Proceeds allocated to warrant liabilities | $ 606 | $ 2,275 | |
Change in fair value of warrants | (1,669) | ||
Investor Warrants [Member] | |||
Proceeds allocated to warrant liabilities | 503 | 1,890 | |
Change in fair value of warrants | (1,387) | ||
Placement Agent Warrants [Member] | |||
Proceeds allocated to warrant liabilities | 103 | $ 385 | |
Change in fair value of warrants | $ (282) |
Note 19 - The Financing and W_7
Note 19 - The Financing and Warrant Liabilities - Warrant Activity (Details) | 12 Months Ended |
Dec. 31, 2018$ / sharesshares | |
Balance (in shares) | shares | 0 |
Balance, January 1, 2018 (in dollars per share) | |
Balance, exercisable (in shares) | shares | 0 |
Balance, January 1, 2018 (in dollars per share) | |
Balance, exercisable, weighted average exercise price (in dollars per share) | |
Granted/Vested (in shares) | shares | 774,000 |
Granted/Vested, weighted average remaining contractual life (Year) | 2 years 211 days |
Granted/Vested, weighted average exercise price (in dollars per share) | $ 6.60 |
Granted/Vested, exercisable (in shares) | shares | 774,000 |
Granted/Vested, exercisable, weighted average remaining contractual life (Year) | 2 years 211 days |
Granted/Vested, exercisable, weighted average exercise price (in dollars per share) | $ 6.60 |
Forfeited (in shares) | shares | |
Forfeited (in dollars per share) | |
Exercised (in shares) | shares | |
Exercised (in dollars per share) | |
Balance (in shares) | shares | 774,000 |
Balance, weighted average remaining contractual life (Year) | 1 year 229 days |
Balance, weighted average exercise price (in dollars per share) | $ 6.60 |
Balance, exercisable (in shares) | shares | 774,000 |
Balance, exercisable, weighted average remaining contractual life (Year) | 1 year 229 days |
Balance, exercisable, weighted average exercise price (in dollars per share) | $ 6.60 |
Note 20 - Restricted Net Asse_2
Note 20 - Restricted Net Assets (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Amount of Restricted Net Assets for Consolidated and Unconsolidated Subsidiaries | $ 12,000 | $ 8,300 |
Withholding Tax Rate Pursuant To EIT Law | 10.00% | |
Preferential Withholding Tax Rate | 5.00% | |
Statutory Accounting Practices, Retained Earnings Not Available for Dividends | $ 2,607 | 2,607 |
PRC Subsidiary And VIE's [Member] | ||
Amount of Restricted Net Assets for Consolidated and Unconsolidated Subsidiaries | 9,200 | |
Statutory Accounting Practices, Retained Earnings Not Available for Dividends | $ 2,600 | $ 2,600 |
WFOE [Member] | ||
Minimum Percentage Of Annual After-tax Profit For General Reserve | 10.00% | |
Minimum Required Reserve As Percent Of Registered Capital | 50.00% | |
Domestic Enterprise [Member] | ||
Minimum Percentage Of Annual After-tax Profit For General Reserve | 10.00% | |
Minimum Required Reserve As Percent Of Registered Capital | 50.00% |
Note 21 - Employee Defined Co_2
Note 21 - Employee Defined Contribution Plan (Details Textual) - USD ($) | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Defined Contribution Plan, Cost | $ 372,000 | $ 405,000 |
Note 22 - Concentration of Ri_3
Note 22 - Concentration of Risk (Details Textual) | Dec. 31, 2018 |
CHINA | |
Percent of Cash and Cash Equivalents Held by Major Financial Institutions | 74.00% |
UNITED STATES | |
Percent of Cash and Cash Equivalents Held by Major Financial Institutions | 26.00% |
Note 22 - Concentration of Ri_4
Note 22 - Concentration of Risk - Company's Concentration of Customers and Suppliers (Details) | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Cost Of Sales Total [Member] | Supplier Concentration Risk [Member] | Supplier A [Member] | ||
Revenues, customer concentration risk | 85.00% | 64.00% |
Cost Of Sales Total [Member] | Supplier Concentration Risk [Member] | Supplier B [Member] | ||
Revenues, customer concentration risk | 11.00% | 26.00% |
Customer A [Member] | Sales Revenue, Net [Member] | Customer Concentration Risk [Member] | ||
Revenues, customer concentration risk | 17.00% | 12.00% |
Customer A [Member] | Accounts Receivable [Member] | Customer Concentration Risk [Member] | ||
Revenues, customer concentration risk | 74.00% | 30.00% |
Customer B [Member] | Sales Revenue, Net [Member] | Customer Concentration Risk [Member] | ||
Revenues, customer concentration risk | 12.00% | |
Customer B [Member] | Accounts Receivable [Member] | Customer Concentration Risk [Member] | ||
Revenues, customer concentration risk | 12.00% | |
Customer C [Member] | Sales Revenue, Net [Member] | Customer Concentration Risk [Member] | ||
Revenues, customer concentration risk | 10.00% | |
Customer C [Member] | Accounts Receivable [Member] | Customer Concentration Risk [Member] | ||
Revenues, customer concentration risk | 20.00% | |
Customer D [Member] | Accounts Receivable [Member] | Customer Concentration Risk [Member] | ||
Revenues, customer concentration risk | 16.00% |
Note 23 - Commitments and Con_3
Note 23 - Commitments and Contingencies (Details Textual) - USD ($) | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Operating Leases, Rent Expense, Net, Total | $ 406,000 | $ 409,000 |
Note 23 - Commitments and Con_4
Note 23 - Commitments and Contingencies - Contractual Obligations (Details) - Office Rental [Member] $ in Thousands | Dec. 31, 2018USD ($) |
-2019 | $ 92 |
-2020 | 2 |
Total | $ 94 |
Note 24 - Segment Reporting (De
Note 24 - Segment Reporting (Details Textual) - USD ($) | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Allocated Share-based Compensation Expense, Total | $ 233,000 | $ 2,271,000 |
Note 24 - Segment Reporting - S
Note 24 - Segment Reporting - Summary of Segment Reporting Information (Details) - USD ($) | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | ||
Revenues | $ 57,146,000 | $ 46,633,000 | |
Cost of revenues | 54,728,000 | 42,020,000 | |
Total operating expenses | 16,930,000 | 14,011,000 | |
Depreciation and amortization expense included in total operating expenses | 541,000 | 1,422,000 | |
Impairment on goodwill included in total operating expenses | 5,211,000 | 0 | |
Impairment on intangible assets included in total operating expenses | 3,330,000 | 2,552,000 | |
Operating loss | (14,512,000) | (9,398,000) | |
Change in fair value of warrant liabilities | 1,669,000 | ||
Impairment on long-term investments | 453,000 | 44,000 | |
Net loss | (14,127,000) | (10,011,000) | |
Expenditure for long-term assets | 4,180,000 | 4,000 | |
Total assets | 16,968,000 | 28,560,000 | |
Corporate, Non-Segment [Member] | |||
Revenues | 356,000 | 247,000 | |
Cost of revenues | |||
Total operating expenses | [1] | 2,400,000 | 4,454,000 |
Depreciation and amortization expense included in total operating expenses | 71,000 | 88,000 | |
Impairment on goodwill included in total operating expenses | |||
Impairment on intangible assets included in total operating expenses | |||
Operating loss | (2,044,000) | (4,207,000) | |
Change in fair value of warrant liabilities | 1,669,000 | ||
Impairment on long-term investments | 453,000 | ||
Net loss | (1,217,000) | (4,238,000) | |
Expenditure for long-term assets | 3,000 | 2,000 | |
Total assets | 17,155,000 | 11,013,000 | |
Intersegment Eliminations [Member] | |||
Revenues | (356,000) | (247,000) | |
Cost of revenues | |||
Total operating expenses | (356,000) | (247,000) | |
Depreciation and amortization expense included in total operating expenses | |||
Impairment on goodwill included in total operating expenses | |||
Impairment on intangible assets included in total operating expenses | |||
Operating loss | |||
Change in fair value of warrant liabilities | |||
Impairment on long-term investments | |||
Net loss | |||
Expenditure for long-term assets | |||
Total assets | (16,546,000) | (11,379,000) | |
Internet Ad [Member] | Operating Segments [Member] | |||
Revenues | 57,025,000 | 46,291,000 | |
Cost of revenues | 54,633,000 | 41,747,000 | |
Total operating expenses | 14,658,000 | 9,730,000 | |
Depreciation and amortization expense included in total operating expenses | 469,000 | 1,333,000 | |
Impairment on goodwill included in total operating expenses | 5,211,000 | ||
Impairment on intangible assets included in total operating expenses | 3,330,000 | 2,552,000 | |
Operating loss | (12,266,000) | (5,186,000) | |
Change in fair value of warrant liabilities | |||
Impairment on long-term investments | 28,000 | ||
Net loss | (12,708,000) | (5,752,000) | |
Expenditure for long-term assets | 431,000 | 1,000 | |
Total assets | 12,756,000 | 28,524,000 | |
TV Ad [Member] | Operating Segments [Member] | |||
Revenues | 121,000 | 342,000 | |
Cost of revenues | 95,000 | 273,000 | |
Total operating expenses | 126,000 | 74,000 | |
Depreciation and amortization expense included in total operating expenses | 1,000 | 1,000 | |
Impairment on goodwill included in total operating expenses | |||
Impairment on intangible assets included in total operating expenses | |||
Operating loss | (100,000) | (5,000) | |
Change in fair value of warrant liabilities | |||
Impairment on long-term investments | 16,000 | ||
Net loss | (100,000) | (21,000) | |
Expenditure for long-term assets | 1,000 | ||
Total assets | 207,000 | $ 402,000 | |
Blockchain Technology [Member] | Operating Segments [Member] | |||
Revenues | |||
Cost of revenues | |||
Total operating expenses | 102,000 | ||
Depreciation and amortization expense included in total operating expenses | |||
Impairment on goodwill included in total operating expenses | |||
Impairment on intangible assets included in total operating expenses | |||
Operating loss | (102,000) | ||
Change in fair value of warrant liabilities | |||
Impairment on long-term investments | |||
Net loss | (102,000) | ||
Expenditure for long-term assets | 3,746,000 | ||
Total assets | $ 3,396,000 | ||
[1] | Including approximately US$233,000 share-based compensation expenses. |
Note 25 - Loss Per Share (Detai
Note 25 - Loss Per Share (Details Textual) - shares | 3 Months Ended | 12 Months Ended | |
Sep. 30, 2018 | Dec. 31, 2018 | Dec. 31, 2017 | |
Warrant [Member] | |||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 774,000 | ||
Employee Stock Option [Member] | |||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 835,216 | 835,216 | |
Restricted Stock [Member] | |||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 266,238 | 266,238 |
Note 25 - Loss Per Share - Basi
Note 25 - Loss Per Share - Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Net loss attributable to ChinaNet Online Holdings, Inc. (numerator for basic and diluted loss per share) | $ (14,025) | $ (10,125) |
Weighted average number of common shares outstanding – Basic and diluted (in shares) | 15,863,894 | 12,116,783 |
Loss per share -Basic and diluted from continuing operations (in dollars per share) | $ (0.88) | $ (0.84) |
Note 26 - Share-based Compens_3
Note 26 - Share-based Compensation Expenses (Details Textual) - USD ($) | 1 Months Ended | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2018 | Dec. 31, 2017 | |
Allocated Share-based Compensation Expense, Total | $ 233,000 | $ 2,271,000 | |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Total | $ 340,000 | $ 340,000 | $ 154,000 |
Management Consulting and Advisor Service Providers [Member] | Restricted Stock [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 250,000 | ||
Management Consulting and Advisor Service Term | 1 year | ||
Share Price | $ 1.43 | $ 1.43 | |
Issuance of Stock and Warrants for Services or Claims | $ 358,000 | ||
Allocated Share-based Compensation Expense, Total | $ 18,000 | ||
Employees and Directors [Member] | Restricted Stock [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 1,650,000 | ||
Allocated Share-based Compensation Expense, Total | $ 1,705,000 | ||
Employees and Directors [Member] | Restricted Stock [Member] | The 2015 Omnibus Securities and Incentive Plan [Member] | |||
Allocated Share-based Compensation Expense, Total | $ 332,000 | ||
Employees and Directors [Member] | Restricted Stock [Member] | Minimum [Member] | |||
Share Price | $ 1.03 | ||
Employees and Directors [Member] | Restricted Stock [Member] | Maximum [Member] | |||
Share Price | $ 1.12 | ||
Non Employee [Member] | Restricted Stock [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 174,000 | ||
Non Employee [Member] | Restricted Stock [Member] | Minimum [Member] | |||
Share Price | $ 1.09 | ||
Non Employee [Member] | Restricted Stock [Member] | Maximum [Member] | |||
Share Price | $ 1.67 | ||
Two Management Consulting Service Providers [Member] | Restricted Stock [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 234,000 | ||
Allocated Share-based Compensation Expense, Total | 63,000 | ||
Director [Member] | Restricted Stock [Member] | |||
Allocated Share-based Compensation Expense, Total | $ 152,000 |
Note 26 - Share-based Compens_4
Note 26 - Share-based Compensation Expenses - Options Issued and Outstanding (Details) - $ / shares | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Options outstanding, number of underlying shares (in shares) | 835,216 | 835,216 | |
Options outstanding, weighted average remaining contractual life (Year) | 2 years 14 days | 3 years 14 days | 4 years 14 days |
Options outstanding, weighted average exercise price (in dollars per share) | $ 2.49 | $ 2.49 | |
Option exercisable, number of underlying shares (in shares) | 835,216 | 676,136 | |
Option exercisable, weighted average remaining contractual life (Year) | 2 years 14 days | 3 years 14 days | 4 years 40 days |
Option exercisable, weighted average exercise price (in dollars per share) | $ 2.49 | $ 2.59 | |
Options outstanding, granted/vested shares (in shares) | 0 | 0 | |
Options outstanding, granted/vested, weighted average remaining contractual life (Year) | 0 years | ||
Options outstanding, granted/vested, weighted average exercise price (in dollars per share) | $ 0 | $ 0 | |
Option exercisable, granted/vested shares (in shares) | 159,080 | ||
Option exercisable, granted/vested, weighted average remaining contractual life (Year) | 2 years 255 days | ||
Option exercisable, granted/vested, weighted average exercise price (in dollars per share) | $ 2.10 | ||
Options outstanding, forfeited (in shares) | 0 | 0 | |
Options outstanding, forfeited, weighted average exercise price (in dollars per share) | $ 0 | $ 0 | |
Options outstanding, exercised (in shares) | 0 | 0 | |
Options outstanding, exercised, weighted average exercise price (in dollars per share) | $ 0 | $ 0 | |
Options outstanding, number of underlying shares (in shares) | 835,216 | 835,216 | 835,216 |
Options outstanding, weighted average exercise price (in dollars per share) | $ 2.49 | $ 2.49 | $ 2.49 |
Option exercisable, number of underlying shares (in shares) | 835,216 | 835,216 | 676,136 |
Option exercisable, weighted average exercise price (in dollars per share) | $ 2.49 | $ 2.49 | $ 2.59 |
Note 26 - Share-based Compens_5
Note 26 - Share-based Compensation Expenses - Share-based Compensation Expenses (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Share-based Compensation expenses | $ 233,000 | $ 2,271,000 |
Selling and Marketing Expense [Member] | ||
Share-based Compensation expenses | 47,000 | 86,000 |
General and Administrative Expense [Member] | ||
Share-based Compensation expenses | 149,000 | 2,120,000 |
Research and Development Expense [Member] | ||
Share-based Compensation expenses | $ 37,000 | $ 65,000 |