Significant Accounting Policies [Text Block] | 3. Summary of significant accounting policies a) Basis of presentation The unaudited condensed consolidated interim financial statements are prepared and presented in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The unaudited condensed consolidated interim financial information as of September 30, 2019 nine three September 30, 2019 2018 10 December 31, 2018, “2018 10 April 15, 2019. In the opinion of management, all adjustments (which include normal recurring adjustments) necessary to present a fair statement of the Company’s condensed consolidated financial position as of September 30, 2019, nine three September 30, 2019 2018, nine September 30, 2019 2018, not b) Principles of consolidation The unaudited condensed consolidated interim financial statements include the accounts of all the subsidiaries and VIEs of the Company. All inter-company transactions and balances have been eliminated upon consolidation. c) 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. d) Foreign currency translation The exchange rates used to translate amounts in RMB into US$ for the purposes of preparing the condensed consolidated financial statements are as follows: September 30, 2019 December 31, 2018 Balance sheet items, except for equity accounts 7.0729 6.8632 Nine Months Ended September 30, 2019 2018 Items in the statements of operations and comprehensive loss 6.8541 6.5196 Three Months Ended September 30, 2019 2018 Items in the statements of operations and comprehensive loss 6.9872 6.7956 No e) Fair value measurement Liabilities measured at fair value on a recurring basis by level within the fair value hierarchy as of September 30, 2019 December 31, 2018 Fair value measurement at reporting date using As of Quoted Prices Significant Significant US$(’000) US$(’000) US$(’000) US$(’000) (Unaudited) Warrant liabilities (Note 18) 255 - - 255 Fair value measurement at reporting date using As of Quoted Prices Significant Significant US$(’000) US$(’000) US$(’000) US$(’000) Warrant liabilities (Note 18) 606 - - 606 f) Revenue recognition 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: Nine Months Ended Three Months Ended September 30, 2019 2018 2019 2018 US$(’000) US$(’000) US$(’000) US$(’000) (Unaudited) (Unaudited) (Unaudited) (Unaudited) Internet advertising and data service --distribution of the right to use search engine marketing service 30,134 40,380 11,554 14,532 --online advertising placements 9,131 6,897 3,725 2,346 --sales of effective sales lead information 253 444 224 161 TV advertising service - 91 - - Others 10 10 5 3 Total revenues $ 39,528 $ 47,822 $ 15,508 $ 17,042 Nine Months Ended Three Months Ended 2019 2018 2019 2018 US$(’000) US$(’000) US$(’000) US$(’000) (Unaudited) (Unaudited) (Unaudited) (Unaudited) Revenue recognized over time 39,275 47,378 15,284 16,881 Revenue recognized at a point in time 253 444 224 161 Total revenues $ 39,528 $ 47,822 $ 15,508 $ 17,042 Contract costs For the nine three September 30, 2019 2018, not Contract liabilities The table below summarized the movement of the Company’s contract liabilities for the nine September 30, 2019: Contract liabilities US$(’000) Balance as of January 1, 2019 1,061 Exchange translation adjustment (31 ) Revenue recognized from beginning contract liability balances (653 ) Advances received from customers related to unsatisfied performance obligations 4,684 Balance as of September 30, 2019 (Unaudited) 5,061 Including: --advance from customers 5,052 --advance from a customer, related 9 Total contract liabilities as of September 30, 2019 (Unaudited) 5,061 Advance from customers related to unsatisfied performance obligations are generally refundable. Refund of advance from cu stomers were insignifi nine three September 30, 2019 2018. For the nine three September 30, 2019 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 September 30, 2019, one g) Advertising expenses Advertising costs for the Company’s own brand building are expensed when incurred and are included in “sales and marketing expenses” in the statements of operations and comprehensive loss. No nine three September 30, 2019. nine three September 30, 2018, US$0.40 nil h) 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 nine September 30, 2019 2018 US$0.60 US$0.72 three September 30, 2019 2018 US$0.24 US$0.26 i) Lease On January 1, 2019, 842, No. 2018 11, 842 January 1, 2019) 842 January 1, 2019, 840 842 January 1, 2019. The Company leases two third one not 842. The Company’s lease contracts do not not 2 3 The Company’s lease contracts only contain fixed lease payments and do not The Company’s office lease contracts do not 842 10 25 3. As the implicit rates of the Company leases cannot be readily determined, in accordance with ASC Topic 842 20 30 3, 6%, 1 5 The Company’s lease agreement of its previous executive office in Beijing expired on March 31, 2019. August 2019, third December 31 2019. April 1, 2019 two twelve 842. 842 20 25 2, not not nine three September 30, 2019, 842 20 25 2 US$0.19 US$0.06 September 30, 2019, US$0.17 As of September 30, 2019, US$14 US$10 For the nine three September 30, 2019, 842 US$90 US$2 nine three September 30, 2018, 840 US$0.27 US$0.09 As of September 30, 2019, US$10 due to their short maturities. The Company’s lease payments as of September 30, 2019 December 31, 2020. Supplemental information related to operating leases : Operating cash flows used for operating leases (in thousands of U.S. dollars) 92 Right-of-use assets obtained in exchange for new lease liabilities (in thousands of U.S. dollars) 10 Weighted-average remaining lease term (years) 1.46 Weighted-average discount rate 6 % j) Impact of recently issued accounting pronouncements In June 2016, No. 2016 13, 326 November 2018, No. 2018 19, 326, not 326 20. 842, December 15, 2019, In August 2018, No. 2018 13, 820 3 December 15, 2019, not |