ZW Data Action (CNET) 10-Q 19 May 21 2021 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2021	May 19, 2021
Document Information [Line Items]
Entity Registrant Name	ZW Data Action Technologies 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 Emerging Growth Company	false
Entity Small Business	true
Entity Interactive Data Current	Yes
Entity Common Stock, Shares Outstanding (in shares)		31,304,915
Entity Shell Company	false
Document Type	10-Q
Document Period End Date	Mar. 31, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q1
Amendment Flag	false
Title of 12(b) Security	Common Stock, par value $0.001

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands		Mar. 31, 2021		Dec. 31, 2020
Current assets
Cash and cash equivalents *	[1]	$ 15,785		$ 4,297
Accounts receivable, net of allowance for doubtful accounts of $4,217 and $4,247, respectively *	[1]	1,694		2,407
Prepayment and deposit to suppliers *	[1]	7,194		4,657
Due from related parties, net *	[1]	102		61
Other current assets, net *	[1]	1,765		1,462
Total current assets		26,540	[1]	12,884
Long-term investments *	[1]	404		67
Operating lease right-of-use assets *	[1]	2,199		48
Property and equipment, net *	[1]	61		60
Intangible assets, net *	[1]	3,603		2,557
Blockchain platform applications development costs		4,403		4,406
Long-term deposits and prepayments *	[1]	793		39
Deferred tax assets, net *	[1]	624		606
Total Assets		38,627		20,667
Current liabilities:
Accounts payable	[1]	1,226		608
Advances from customers *	[1]	1,592		1,436
Accrued payroll and other accruals	[1]	286		489
Taxes payable	[1]	3,385		3,430
Operating lease liabilities *	[1]	267		18
Lease payment liabilities related to short-term leases *	[1]	200		203
Other current liabilities	[1]	306		333
Warrant liabilities		10,919		1,505
Total current liabilities		18,181		8,022
Long-term liabilities:
Operating lease liabilities-Non current *	[1]	1,953		32
Long-term borrowing from a director		133		134
Total Liabilities		20,267		8,188
Commitments and contingencies
Equity:
Common stock (US$0.001 par value; authorized 50,000,000 shares; issued and outstanding 31,304,915 shares and 26,062,915 shares at March 31, 2021 and December 31, 2020, respectively)		31		26
Additional paid-in capital		54,980		49,772
Statutory reserves		2,598		2,598
Accumulated deficit		(40,295)		(40,980)
Accumulated other comprehensive income		1,110		1,129
Total ZW Data Action Technologies Inc.’s stockholders’ equity		18,424		12,545
Noncontrolling interests		(64)		(66)
Total equity		18,360		12,479
Total Liabilities and Equity		$ 38,627		$ 20,667
[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).

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands		Mar. 31, 2021	Dec. 31, 2020
Accounts receivable, allowance for doubtful account	[1]	$ 4,217	$ 4,247
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)		31,304,915	26,062,915
Common stock, shares outstanding (in shares)		31,304,915	26,062,915
[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).

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Income/(Loss) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Revenues	$ 8,396	$ 4,384
Cost of revenues	9,113	3,485
Gross (loss)/profit	(717)	899
Operating expenses
Sales and marketing expenses	28	165
General and administrative expenses	996	2,796
Research and development expenses	74	214
Total operating expenses	1,098	3,175
Loss from operations	(1,815)	(2,276)
Other income/(expenses)
Interest income/(expense), net	1	(1)
Other expenses	(24)	(1)
Change in fair value of warrant liabilities	2,507	46
Total other income	2,484	44
Income/(loss) before income tax benefit/(expense) and noncontrolling interests	669	(2,232)
Income tax benefit/(expense)	18	(78)
Net income/(loss)	687	(2,310)
Net (income)/loss attributable to noncontrolling interests	(2)
Net income/(loss) attributable to ZW Data Action Technologies Inc.	685	(2,310)
Net income/(loss)	687	(2,310)
Foreign currency translation (loss)/gain	(19)	72
Comprehensive income/(loss)	668	(2,238)
Comprehensive income attributable to noncontrolling interests	(2)	(1)
Comprehensive income/(loss) attributable to ZW Data Action Technologies Inc.	$ 666	$ (2,239)
Earnings/(loss) per common share
Basic and diluted (in dollars per share)	$ 0.02	$ (0.11)
Weighted average number of common shares outstanding:
Basic and diluted (in shares)	28,505,181	20,397,406
Unrelated Parties [Member]
Revenues	$ 8,396	$ 4,371
Related Parties [Member]
Revenues		$ 13

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Cash flows from operating activities
Net income/(loss)	$ 687	$ (2,310)
Adjustments to reconcile net income/(loss) to net cash (used in)/provided by operating activities
Depreciation and amortization	112	207
Amortization of operating lease right-of-use assets	36	3
Share-based compensation expenses	100	1,919
Provision for allowances for doubtful accounts		410
Deferred taxes	(18)	(5)
Change in fair value of warrant liabilities	(2,507)	(46)
Changes in operating assets and liabilities
Accounts receivable	700	(255)
Prepayment and deposit to suppliers	(2,630)	2,236
Due from related parties		29
Other current assets	7	(5)
Long-term deposits and prepayments	(794)	(1,125)
Accounts payable	628	(147)
Advances from customers	169	123
Accrued payroll and other accruals	188	(34)
Other current liabilities	25	319
Taxes payable	(18)	94
Lease payment liability related to short-term leases	(1)	37
Operating lease liabilities	(14)
Net cash (used in)/provided by operating activities	(3,706)	1,518
Cash flows from investing activities
Cash effect of deconsolidation of VIEs’ subsidiaries	(8)
Investments and advances to ownership investee entities	(385)
Short-term loan to an unrelated party	(312)	(815)
Payment for purchase of software technologies	(1,160)
Payment for blockchain platform applications development costs		(302)
Net cash used in investing activities	(1,865)	(1,117)
Cash flows from financing activities
Proceeds from issuance of common stock and warrant (net of cash offering cost of US$1,600)	17,111
Repayment of short-term bank loan		(430)
Net cash provided by/(used in) financing activities	17,111	(430)
Effect of exchange rate fluctuation on cash and cash equivalents	(52)	(19)
Net increase/(decrease) in cash and cash equivalents	11,488	(48)
Cash and cash equivalents at beginning of the period	4,297	1,603
Cash and cash equivalents at end of the period	15,785	1,555
Supplemental disclosure of cash flow information
Income taxes paid
Interest expense paid		$ 2

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) (Parentheticals) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Issuance of common stock, cost	$ 1.6	$ 1.6

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Changes in Equity (Unaudited) - USD ($) $ in Thousands	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, 2019	19,629,403
Balance at Dec. 31, 2019	$ 20	$ 43,111	$ 2,607	$ (35,773)	$ 1,505	$ (57)	$ 11,413
Share-based compensation in exchange for services from employees and directors (in shares)	1,632,523
Share-based compensation in exchange for services from employees and directors	$ 2	1,897					1,899
Net income (loss) for the period				(2,310)			(2,310)
Foreign currency translation adjustment					71	1	72
Share-based compensation in exchange for services from nonemployees (in shares)	430,000
Share-based compensation in exchange for services from nonemployees		477					477
Balance (in shares) at Mar. 31, 2020	21,691,926
Balance at Mar. 31, 2020	$ 22	45,485	2,607	(38,083)	1,576	(56)	11,551
Balance (in shares) at Dec. 31, 2020	26,062,915
Balance at Dec. 31, 2020	$ 26	49,772	2,598	(40,980)	1,129	(66)	12,479
Issuance of common stock for private placement, net of $10.48 million proceeds allocated to investor warrants labilities and $3.05 million direct offering costs (including $1.45 million proceeds allocated to placement agent warrants liabilities), respectively (in shares)	5,212,000
Issuance of common stock for private placement, net of $10.48 million proceeds allocated to investor warrants labilities and $3.05 million direct offering costs (including $1.45 million proceeds allocated to placement agent warrants liabilities), respectively	$ 5	5,185					5,190
Share-based compensation in exchange for services from employees and directors (in shares)	30,000
Share-based compensation in exchange for services from employees and directors		23					23
Net income (loss) for the period				685		2	687
Foreign currency translation adjustment					(19)		(19)
Balance (in shares) at Mar. 31, 2021	31,304,915
Balance at Mar. 31, 2021	$ 31	$ 54,980	$ 2,598	$ (40,295)	$ 1,110	$ (64)	$ 18,360

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Changes in Equity (Unaudited) (Parentheticals) $ in Thousands	3 Months Ended
	Mar. 31, 2021USD ($)
Investor Warrants [Member] | Private Placement [Member]
Proceeds allocated to warrant liabilities	$ 10,480
Investor Warrants [Member]
Proceeds allocated to warrant liabilities	5,942
Private Placement Agent Costs [Member] | Private Placement [Member]
Proceeds allocated to warrant liabilities	1,450
Investor Costs [Member]
Direct offering costs	3,050
Proceeds allocated to warrant liabilities	$ 10,919

Note 1 - Organization and Natur

Note 1 - Organization and Nature of Operations	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Nature of Operations [Text Block]	1. Organization and nature of operations ZW Data Action Technologies Inc. (f/k/a ChinaNet Online Holdings, Inc.) (the “Company”) was incorporated in the State of Texas in April 2006 October 2006. June 26, 2009, O2O 2018, March 31, 2021, 11

Note 2 - Variable Interest Enti

Note 2 - Variable Interest Entities	3 Months Ended
	Mar. 31, 2021
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 PRC subsidiaries and operating entities (the “VIEs”). Summarized below is the information related to the VIEs' assets and liabilities reported in the Company's condensed consolidated balance sheets as of March 31, 2021 December 31, 2020, March 31, 2021 December 31, US$('000) US$('000) (Unaudited) Assets Current assets: Cash and cash equivalents $ 1,055 $ 277 Accounts receivable, net 1,565 1,142 Prepayment and deposit to suppliers 4,107 2,818 Due from related parties, net 102 61 Other current assets, net 3 10 Total current assets 6,832 4,308 Long-term investments 404 67 Operating lease right-of-use assets 2,199 48 Property and equipment, net 34 32 Intangible assets, net 4 9 Long-term deposits and prepayments 73 - Deferred tax assets, net 457 536 Total Assets 10,003 $ 5,000 Liabilities Current liabilities: Accounts payable $ 814 $ 270 Advances from customers 1,554 1,436 Accrued payroll and other accruals 80 168 Taxes payable 2,713 2,755 Operating lease liabilities 267 18 Lease payment liabilities related to short-term leases 107 108 Other current liabilities 212 213 Total current liabilities 5,747 4,968 Operating lease liabilities-Non current 1,953 32 Total Liabilities $ 7,700 $ 5,000 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 condensed consolidated statements of operations and comprehensive income/(loss) for the three March 31, 2021 2020, Three Months Ended March 31, 2021 2020 US$('000) US$('000) (Unaudited) (Unaudited) Revenues $ 7,947 $ 2,936 Cost of revenues (8,738 ) (2,845 ) Total operating expenses (390 ) (744 ) Net loss before allocation to noncontrolling interests (1,281 ) (651 )

Note 3 - Summary of Significant

Note 3 - Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
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 March 31, 2021 three March 31, 2021 2020 10 December 31, 2020, “2020 10 April 13, 2021. 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 March 31, 2021, three March 31, 2021 2020, three March 31, 2021 2020, 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 transactions and balances between the Company and its subsidiaries and VIEs 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: March 31, 2021 December 31, 2020 Balance sheet items, except for equity accounts 6.5713 6.5249 Three Months Ended March 31, 2021 2020 Items in the statements of operations and comprehensive income/(loss) 6.4844 6.9790 No e) Fair value measurement Liabilities measured at fair value on a recurring basis by level within the fair value hierarchy as of March 31, 2021 December 31, 2020 Fair value measurement at reporting date using As of March 31, 2021 Quoted Prices Significant Significant US$('000) US$('000) US$('000) US$('000) (Unaudited) Warrant liabilities (Note 16) 10,919 - - 10,919 Fair value measurement at reporting date using As of December 31, 2020 Quoted Prices Significant Significant US$('000) US$('000) US$('000) US$('000) Warrant liabilities (Note 16) 1,505 - - 1,505 f) Revenue recognition The following tables present the Company's revenues disaggregated by products and services and timing of revenue recognition: Three Months Ended March 31, 2021 2020 US$('000) US$('000) (Unaudited) (Unaudited) Internet advertising and related services --distribution of the right to use search engine marketing service 6,865 1,988 --online advertising placements 1,402 948 --data and technical services - 300 Ecommerce O2O advertising and marketing services 129 503 Technical solution services - 645 Total revenues 8,396 4,384 Three Months Ended March 31, 2021 2020 US$('000) US$('000) (Unaudited) (Unaudited) Revenue recognized over time 8,396 3,739 Revenue recognized at a point in time - 645 Total revenues 8,396 4,384 Contract costs For the three March 31, 2021 2020, not Contract balances The table below summarized the movement of the Company's contract liabilities (advance from customers) for three March 31, 2021: Contract liabilities US$('000) Balance as of January 1, 2021 1,436 Exchange translation adjustment (10 ) Revenue recognized from beginning contract liability balance (1,092 ) Advances received from customers related to unsatisfied performance obligations 1,258 Balance as of March 31, 2021 (Unaudited) 1,592 Advance from customers related to unsatisfied performance obligations are generally refundable. Refund of advance from cu stomers were insignifi three March 31, 2021 2020. For the three March 31, 2021 2020, no g) 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 three March 31, 2021 2020 US$0.07 US$0.21 h) Lease As of March 31, 2021, US$2.20 US$2.22 Maturity of operating lease liabilities Operating leases US$('000) (Unaudited) Nine months ending December 31, 2021 192 Year ending December 31, -2022 313 -2023 331 -2024 341 -2025 361 -2026 383 -thereafter 908 Total undiscounted lease payments 2,829 Less: imputed interest (609 ) Total operating lease liabilities as of March 31, 2021 2,220 Including: Operating lease liabilities 267 Operating lease liabilities-Non current 1,953 2,220 Operating lease expenses: Three Months Ended March 31, 2021 2020 US$('000) US$('000) (Unaudited) (Unaudited) Long-term operating lease contracts 37 3 Short-term operating lease contracts 15 44 Total 52 47 Supplemental information related to operating leases : Three Month Ended March 31, 2021 (Unaudited) Operating cash flows used for operating leases (US$'000) 14 Right-of-use assets obtained in exchange for new lease liabilities (US$'000) 2,249 Weighted-average remaining lease term (years) 7.88 Weighted-average discount rate 6 %

Note 4 - Accounts Receivable, N

Note 4 - Accounts Receivable, Net	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Accounts Receivable Disclosure [Text Block]	4. Accounts receivable, net March 31, 2021 December 31, 2020 US$('000) US$('000) (Unaudited) Accounts receivable 5,911 6,654 Allowance for doubtful accounts (4,217 ) (4,247 ) Accounts receivable, net 1,694 2,407 All of the accounts receivable are non-interest bearing. Based on the assessment of the collectability of the accounts receivable as of March 31, 2021 December 31, 2020, US$4.22 US$4.25 six six three March 31, 2021 2020, nil US$0.41

Note 5 - Prepayments and Deposi

Note 5 - Prepayments and Deposit to Suppliers	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Prepayments and Deposits to Suppliers Disclosure [Text Block]	5. Prepayments and deposit to suppliers March 31, 2021 December 31, 2020 US$('000) US$('000) (Unaudited) Deposits to advertising resources providers 609 307 Prepayments to advertising resources providers 5,984 3,696 Other deposits and prepayments 601 654 7,194 4,657

Note 6 - Due From Related Parti

Note 6 - Due From Related Parties, Net	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Due from Related Parties Disclosure [Text Block]	6. Due from related parties, net March 31, 2021 December 31, 2020 US$('000) US$('000) (Unaudited) Zhongwang Xiyue Technology (Beijing) Co., Ltd. (“Zhongwang Xiyue”) 60 61 Guangzhou Gong Xiang Technology Co., Ltd. (“Gong Xiang Technology”) 42 - Due from related parties, net 102 61 Related parties of the Company represented the Company's direct or indirect unconsolidated investee companies and entities that the Company's officers or directors can exercise significant influence. As of March 31, 2021 December 31, 2020, As of March 31, 2021, December 31, 2021.

Note 7 - Other Current Assets,

Note 7 - Other Current Assets, Net	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Other Current Assets [Text Block]	7. Other current assets, net March 31, 2021 December 31,2020 Gross Allowance for doubtful accounts Net Gross Allowance for doubtful accounts Net US$('000) US$('000) US$('000) US$('000) US$('000) US$('000) (Unaudited) (Unaudited) (Unaudited) Staff advances for business operations 9 - 9 18 - 18 Short-term loan to an unrelated party 1,756 - 1,756 1,444 - 1,444 Total 1,765 - 1,765 1,462 - 1,462 As of March 31, 2021, US$0.76 repaid to the Company as of the date hereof, and the remaining outstanding balance is expected to December 31, 2021.

Note 8 - Long-term Investments

Note 8 - Long-term Investments	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Equity Method Investments and Joint Ventures Disclosure [Text Block]	8. Long-term investments Gong Xiang Technology Xiao Peng Education Business Opportunity Chain Guangzhou Local Chain Xi'an Total US$('000) US$('000) US$('000) US$('000) US$('000) Balance as of January 1, 2021 - - 29 38 67 Exchange translation adjustment - - - (1 ) (1 ) Cash investment during the year 228 78 32 - 338 Balance as of March 31, 2021 (Unaudited) 228 78 61 37 404 As of March 31, 2021, 15%, 17%, 19% 4.9% The Company measures each investment which does not

Note 9 - Property and Equipment

Note 9 - Property and Equipment, Net	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	9. Property and equipment, net March 31, 2021 December 31, 2020 US$('000) US$('000) (Unaudited) Vehicles 805 811 Office equipment 890 894 Electronic devices 610 615 Property and equipment, cost 2,305 2,320 Less: accumulated depreciation (2,244 ) (2,260 ) Property and equipment, net 61 60 Depreciation expenses for the three March 31, 2021 2020 US$0.001 US$0.002

Note 10 - Intangible Assets, Ne

Note 10 - Intangible Assets, Net	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Intangible Assets Disclosure [Text Block]	10. Intangible assets, net As of March 31, 2021 (Unaudited) Items Gross Carrying Value Accumulated Amortization Impairment Net Carrying Value US$('000) US$('000) US$('000) US$('000) Intangible assets subject to amortization: Cloud compute software technology 1,412 (975 ) (433 ) 4 Internet Ad tracking system 1,160 - - 1,160 Live streaming technology 1,500 (100 ) - 1,400 Licensed products use right 1,205 (166 ) - 1,039 Other computer software 119 (119 ) - - Total $ 5,396 $ (1,360 ) $ (433 ) $ 3,603 As of December 31, 2020 Items Gross Carrying Value Accumulated Amortization Impairment Net Carrying Value US$('000) US$('000) US$('000) US$('000) Intangible assets subject to amortization: Cloud compute software technology 1,423 (978 ) (436 ) 9 Live streaming technology 1,500 (25 ) - 1,475 Licensed products use right 1,208 (135 ) - 1,073 Other computer software 120 (120 ) - - Total $ 4,251 $ (1,258 ) $ (436 ) $ 2,557 Amortization expenses for the three March 31, 2021 2020 US$0.11 US$0.21 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 5.90 March 31, 2021, no US$0.49 December 31, 2021, US$ 0.65 December 31, 2022 2024, US$0.63 December 31, 2025, US$0.18 December 31, 2026.

Note 11 - Blockchain Platform A

Note 11 - Blockchain Platform Applications Development Costs	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Research, Development, and Computer Software Disclosure [Text Block]	11. Blockchain platform applications development costs In 2018, two two US$4.50 RMB3.0 US$0.46 two March 31, 2021, 350 40 US$4.40 two 2020, first 2021 third 2021 .

Note 12 - Long-term Deposits an

Note 12 - Long-term Deposits and Prepayments	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Long-term Prepayments [Text Block]	12. Long-term deposits and prepayments As of March 31, 2021, not one March 31, 2021.

Note 13 - Accrued Payroll and O

Note 13 - Accrued Payroll and Other Accruals	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	13. Accrued payroll and other accruals March 31, 2021 December 31, 2020 US$('000) US$('000) (Unaudited) Accrued payroll and staff welfare 118 229 Accrued operating expenses 168 260 286 489

Note 14 - Taxation

Note 14 - Taxation	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Income Tax Disclosure [Text Block]	14. Taxation As of March 31, 2021 December 31, 2020, March 31, 2021 December 31, 2020 US$('000) US$('000) (Unaudited) Turnover tax and surcharge payable 1,321 1,353 Enterprise income tax payable 2,064 2,077 Total taxes payable 3,385 3,430 For the three March 31, 2021 2020, Three Months Ended March 31, 2021 2020 US$('000) US$('000) (Unaudited) (Unaudited) Current - (83 ) Deferred 18 5 Income tax benefit/(expense) 18 (78 ) The Company's deferred tax assets as of March 31, 2021 December 31, 2020 March 31, 2021 December 31, 2020 US$('000) US$('000) (Unaudited) Tax effect of net operating losses carried forward 10,414 10,123 Bad debts provision 724 728 Valuation allowance (10,514 ) (10,245 ) Deferred tax assets, net 624 606 The U.S. holding company has incurred aggregate net operating losses (NOLs) of approximately US$23.5 US$23.3 March 31, 2021 December 31, 2020, 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$23.5 US$22.5 March 31, 2021 December 31, 2020, 2031 The Company recorded approximately US$10.5 US$10.2 March 31, 2021 December 31, 2020, not not For the three March 31, 2021 2020, US$0.31 US$0.55

Note 15 - Long-term Borrowing F

Note 15 - Long-term Borrowing From a Director	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Long-Term Borrowing from Director Disclosure [Text Block]	15. 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 Century Technology Development (Beijing) Co., Ltd. (“Rise King WFOE”), which is not one

Note 16 - The Financing and War

Note 16 - The Financing and Warrant Liabilities	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Warrants Disclosure [Text Block]	16. The Financing and warrant liabilities The February 2021 On February 18, 2021 ( 5,212,000 US$3.59 “February 2021 2,606,000 US$3.59 “2021 2021 February 18, 2021 August 18, 2024 ( third one US$18.7 February 2021 The placement agent of the February 2021 7% 364,840 US$4.4875 “2021 2021 “2021 2021 August 18, 2021 ( six August 18, 2024 ( third one The initial exercise prices of the 2021 may 2021 2021 The 2021 may not 4.99% 2021 may no 9.99% not 61 st Accounting for securities issued in the February 2021 The Company determined that the Company's common stock issued in the February 2021 no not The Company analyzed the 2021 February 2021 815 815, 2021 not 2021 2021 not 815, Fair value of the warrants The Company used Binomial model to determine the fair value of the 2021 As of February 18, 2021 2021 Investor 2021 Placement Stock price $ 4.48 $ 4.48 Years to maturity 3.50 3.50 Risk-free interest rate 0.26 % 0.26 % Dividend yield - - Expected volatility 168 % 168 % Exercise Price $ 3.59 $ 4.4875 Fair value of the warrant $ 4.02 $ 3.96 Warrant liabilities (US$'000) $ 10,476 $ 1,445 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 is the contractual exercise price of the 2021 Allocation of gross proceeds from the February 2021 The Company allocated the total proceeds from the February 2021 Initial measurement (USD'000) Investor Warrants 10,476 Common Stock (par value and additional paid in capital) 8,235 Total proceeds from the Financing 18,711 The 2021 February 2021 2021 February 2021 Offering costs Offering costs in the amount of approximately US$3.05 US$1.31 US$0.29 2021 US$1.45 Subsequent measurement and changes in fair value of the warrant liabilities The Company issued warrants to certain institutional investors and the Company's placement agent in the registered direct offerings consummated in February 2021, December 2020 January 2018, For the three March 31, 2021: Warrants issued in the February 2021 As of March 31, 2021 2021 Investor 2021 Placement Stock price $ 2.64 $ 2.64 Years to maturity 3.38 3.38 Risk-free interest rate 0.41 % 0.41 % Dividend yield - - Expected volatility 168 % 168 % Exercise Price $ 3.59 $ 4.4875 Fair value of the warrant $ 2.28 $ 2.24 Warrant liabilities (US$'000) $ 5,942 $ 817 Warrants issued in the 2020 On December 14, 2020, 4,320,989 US$1.62 “2020 1,728,396 U$$2.03 “2020 302,469 2020 “2020 2020 “2020 2020 June 14, 2021 December 14, 2023. 2020 Investor Warrants and 2020 Placement Agent Warrants As of As of Stock price $ 2.64 $ 1.35 Years to maturity 2.70 2.95 Risk-free interest rate 0.29 % 0.17 % Dividend yield - - Expected volatility 120 % 102 % Exercise Price $ 2.03 $ 2.03 Fair value of the warrant $ 1.95 $ 0.74 Investor warrants liabilities (US$'000) $ 3,370 $ 1,279 Placement agent warrants liabilities (US$'000) $ 590 $ 224 Warrants issued in the 2018 On January 17, 2018, 2,150,001 US$5.15 2018 “2018 645,000 $6.60 2018 July 18, 2020. 2018 129,000 US$6.60 three “2018 2018 “2018 September 25, 2019, 2018 US$1.4927. January 18, 2021, the expiration date of the 2018 July 18, 2021. 2018 Placement Agent Warrants As of As of Stock price $ 2.64 $ 1.35 Years to maturity 0.30 0.05 Risk-free interest rate 0.03 % 0.08 % Dividend yield - - Expected volatility 206 % 59 % Exercise Price $ 1.4927 $ 1.4927 Fair value of the warrant $ 1.55 $ 0.02 Warrant liabilities (US$'000) $ 200 $ 2 For the three March 31, 2020: Warrants issued in the 2018 2018 Investor Warrants 2018 Placement Agent Warrants As of As of As of As of Stock price $ 0.95 $ 1.17 $ 0.95 $ 1.17 Years to maturity 0.30 0.55 0.80 1.05 Risk-free interest rate 0.10 % 1.58 % 0.13 % 1.57 % Dividend yield - - - - Expected volatility 99 % 60 % 78 % 80 % Exercise Price $ 1.4927 $ 1.4927 $ 1.4927 $ 1.4927 Fair value of the warrant $ 0.07 $ 0.11 $ 0.12 $ 0.28 Warrant liabilities (US$'000) $ 45 $ 71 $ 16 $ 36 Changes in fair value of warrant liabilities Three Months Ended March 31, 2021 ( As of March 31, 2021 As of February 18, 2021 As of December 31, 2020 Change in Fair Value (gain)/loss (US$'000) (US$'000) (US$'000) (US$'000) Fair value of the Warrants: Warrants issued in the February 2021 Financing: --Investor Warrants 5,942 10,476 * (4,534 ) --Placement Agent Warrants 817 1,445 * (628 ) Warrants issued in the 2020 Financing: --Investor Warrants 3,370 * 1,279 2,091 --Placement Agent Warrants 590 * 224 366 Warrants issued in the 2018 Financing: --Placement Agent Warrants 200 * 2 198 Warrant liabilities 10,919 11,921 1,505 (2,507 ) Three Months Ended March 31, 2020 ( As of March 31, 2020 As of December 31, 2019 Change in Fair Value (gain)/loss US$'000 US$'000 US$'000 Fair value of the Warrants: Warrants issued in the 2018 Financing: --Investor Warrants 45 71 (26 ) --Placement Agent Warrants 16 36 (20 ) Warrant liabilities 61 107 (46 ) Warrants issued and outstanding as of March 31, 2021 three Warrant Outstanding Warrant Exercisable Number of underlying shares Weighted Weighted Number of underlying shares Weighted Weighted Balance, January 1, 2021 2,159,865 2.78 $ 2.00 129,000 0.05 $ 1.4927 Granted/Vested 2,970,840 3.38 $ 3.70 2,606,000 3.38 $ 3.59 Forfeited - - Exercised - - Balance, March 31, 2021 (Unaudited) 5,130,705 3.04 $ 2.98 2,735,000 3.24 $ 3.49

Note 17 - Restricted Net Assets

Note 17 - Restricted Net Assets	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Restricted Assets Disclosure [Text Block]	17. Restricted net assets As substantially 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 In accordance with 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 March 31, 2021 December 31, 2020, US$13.2 US$8.2 The current PRC Enterprise Income Tax (“EIT”) Law also imposes a 10% 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 converting 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

Note 18 - Employee Defined Cont

Note 18 - Employee Defined Contribution Plan	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Retirement Benefits [Text Block]	18. 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$0.05 US$0.04 three March 31, 2021 2020,

Note 19 - Concentration of Risk

Note 19 - Concentration of Risk	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Concentration Risk Disclosure [Text Block]	19. 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 loans to unrelated parties. As of Mach 31, 2021, 33% 67% Concentration of customers The following tables summarized the information about the Company's concentration of customers for the three March 31, 2021 2020, Customer A Customer B Customer C Customer D Customer E Customer F Customer G Three Months Ended March 31, 2021 18 % - - Revenues, customer concentration risk * * - - Three Months Ended March 31, 2020 Revenues, customer concentration risk * - * * - 15 % 11 % As of March 31, 2021 Accounts receivable, customer concentration risk 38 % 34 % - - - - - As of December 31, 2020 Accounts receivable, customer concentration risk 28 % - 27 % 21 % - - - * Less than 10%. - No Concentration of suppliers The following tables summarized the information about the Company's concentration of suppliers for the three March 31, 2021 2020, Supplier A Supplier B Supplier C Three Months Ended March 31, 2021 Cost of revenues, supplier concentration risk 52 % 30 % * Three Months Ended March 31, 2020 Cost of revenues, supplier concentration risk - 71 % 11 % * Less than 10%. - No

Note 20 - Commitments and Conti

Note 20 - Commitments and Contingencies	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	20. Commitments and contingencies In 2018, two third two US$4.96 March 31, 2021, US$4.40 December 31, 2021. The Company is currently not not may

Note 21 - Segment Reporting

Note 21 - Segment Reporting	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	21. Segment reporting The Company follows ASC Topic 280 Three Months Ended March 31, 2021 ( Internet Ad Ecommerce O2O Ad and marketing services Blockchain technology Corporate Inter- segment and reconciling item Total US$(‘000) US$(‘000) US$(‘000) US$(‘000) US$(‘000) US$(‘000) Revenues 8,267 129 - - - 8,396 Cost of revenues 8,738 375 - - - 9,113 Total operating expenses 383 203 1 511 (1) - 1,098 Depreciation and amortization expense included in total operating expenses 35 75 1 1 - 112 Operating loss (854 ) (449 ) (1 ) (511 ) - (1,815 ) Change in fair value of warrant liabilities - - - 2,507 - 2,507 Net (loss)/income (954 ) (449 ) (1 ) 2,091 687 Expenditure for long-term assets 1,160 - - - - 1,160 Total assets-March 31, 2021 11,186 5,192 4,405 43,034 (25,190 ) 38,627 Total assets-December 31, 2020 8,310 3,206 4,409 27,766 (23,024 ) 20,667 ( 1 Including approximately US$0.10 Three Months Ended March 31, 2020 ( Internet Ad. Ecommerce O2O Ad and marketing services Blockchain technology Corporate Inter- segment and reconciling item Total US$ US$ US$ US$ US$ US$ Revenues 3,236 503 - 645 - 4,384 Cost of revenues 3,110 375 - - - 3,485 Total operating expenses 1,022 4 1 2,148 (1) - 3,175 Depreciation and amortization expense included in total operating expenses 206 - - 1 - 207 Operating (loss)/income (896 ) 124 (1 ) (1,503 ) - (2,276 ) Change in fair value of warrant liabilities - - - 46 - 46 Net (loss)/income (893 ) 103 (1 ) (1,519 ) - (2,310 ) Expenditure for long-term assets - - 302 - - 302 ( 1 Including approximately US$1.92

Note 22 - Earnings (Loss) Per S

Note 22 - Earnings (Loss) Per Share	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Earnings Per Share [Text Block]	22. Earnings/(Loss) per share Basic and diluted income/(loss) per share for each of the periods presented are calculated as follows (All amounts, except number of shares and per share data, are presented in thousands of U.S. dollars): Three Months Ended March 31, 2021 2020 US$('000) US$('000) (Unaudited) (Unaudited) Net income/(loss) attributable to ZW Data Action Technologies Inc. (numerator for basic and diluted income/(loss) per share) $ 685 $ (2,310 ) Weighted average number of common shares outstanding -Basic and diluted 28,505,181 20,397,406 Income/(loss) per share -Basic and diluted $ 0.02 $ (0.11 ) For the three March 31, 2021 2020, not

Note 23 - Share-based Compensat

Note 23 - Share-based Compensation Expenses	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Share-based Payment Arrangement [Text Block]	23. Share-based compensation expenses In March 2021, under its 2020 0.03 one December 31, 2021. US$3.13 three March 31, 2021 US$0.02 For the three March 31, 2021, approximately US$0.08 restricted common stock granted and issued to two in March 2020 August 2020, During the first 2020, 2015 1.63 US$1.90 three March 31, 2020. During the first 2020, 430,000 two not US$1.11 US$0.48 three March 31, 2020 US$0.02 The table below summarized share-based compensation expenses recorded for the three March 31, 2021 2020, Three Months Ended March 31, 2021 2020 US$('000) US$('000) (Unaudited) (Unaudited) Sales and marketing expenses - 122 General and administrative expenses 100 1,651 Research and development expenses - 146 Total 100 1,919 The aggregate unrecognized share-based compensation expenses as of March 31, 2021 US$0.31 US$0.27 December 31, 2021 US$0.04 December 31, 2022. Options issued and outstanding as of March 31, 2021 three Option Outstanding Option Exercisable Number of underlying shares Weighted Weighted Number of underlying shares Weighted Weighted Balance, January 1, 2021 277,976 0.91 $ 3.00 277,976 0.91 $ 3.00 Granted/Vested - - Forfeited - - Exercised - - Balance, March 31, 2021 (Unaudited) 277,976 0.66 $ 3.00 277,976 0.66 $ 3.00

Note 24 - Subsequent Event

Note 24 - Subsequent Event	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Subsequent Events [Text Block]	24. Subsequent event The Company primarily conducts its operations in the PRC. In January 2020, 19 first 2020. 19 19 19 may may 19 second 2020, no 19 Except for the above mentioned matters, no

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2021
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	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 March 31, 2021 three March 31, 2021 2020 10 December 31, 2020, “2020 10 April 13, 2021. 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 March 31, 2021, three March 31, 2021 2020, three March 31, 2021 2020, not
Consolidation, Policy [Policy Text Block]	b) Principles of consolidation The unaudited condensed consolidated interim 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]	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.
Foreign Currency Transactions and Translations Policy [Policy Text Block]	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: March 31, 2021 December 31, 2020 Balance sheet items, except for equity accounts 6.5713 6.5249 Three Months Ended March 31, 2021 2020 Items in the statements of operations and comprehensive income/(loss) 6.4844 6.9790 No
Fair Value Measurement, Policy [Policy Text Block]	e) Fair value measurement Liabilities measured at fair value on a recurring basis by level within the fair value hierarchy as of March 31, 2021 December 31, 2020 Fair value measurement at reporting date using As of March 31, 2021 Quoted Prices Significant Significant US$('000) US$('000) US$('000) US$('000) (Unaudited) Warrant liabilities (Note 16) 10,919 - - 10,919 Fair value measurement at reporting date using As of December 31, 2020 Quoted Prices Significant Significant US$('000) US$('000) US$('000) US$('000) Warrant liabilities (Note 16) 1,505 - - 1,505
Revenue from Contract with Customer [Policy Text Block]	f) Revenue recognition The following tables present the Company's revenues disaggregated by products and services and timing of revenue recognition: Three Months Ended March 31, 2021 2020 US$('000) US$('000) (Unaudited) (Unaudited) Internet advertising and related services --distribution of the right to use search engine marketing service 6,865 1,988 --online advertising placements 1,402 948 --data and technical services - 300 Ecommerce O2O advertising and marketing services 129 503 Technical solution services - 645 Total revenues 8,396 4,384 Three Months Ended March 31, 2021 2020 US$('000) US$('000) (Unaudited) (Unaudited) Revenue recognized over time 8,396 3,739 Revenue recognized at a point in time - 645 Total revenues 8,396 4,384 Contract costs For the three March 31, 2021 2020, not Contract balances The table below summarized the movement of the Company's contract liabilities (advance from customers) for three March 31, 2021: Contract liabilities US$('000) Balance as of January 1, 2021 1,436 Exchange translation adjustment (10 ) Revenue recognized from beginning contract liability balance (1,092 ) Advances received from customers related to unsatisfied performance obligations 1,258 Balance as of March 31, 2021 (Unaudited) 1,592 Advance from customers related to unsatisfied performance obligations are generally refundable. Refund of advance from cu stomers were insignifi three March 31, 2021 2020. For the three March 31, 2021 2020, no
Research and Development Expense, Policy [Policy Text Block]	g) 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 three March 31, 2021 2020 US$0.07 US$0.21
Lessee, Leases [Policy Text Block]	h) Lease As of March 31, 2021, US$2.20 US$2.22 Maturity of operating lease liabilities Operating leases US$('000) (Unaudited) Nine months ending December 31, 2021 192 Year ending December 31, -2022 313 -2023 331 -2024 341 -2025 361 -2026 383 -thereafter 908 Total undiscounted lease payments 2,829 Less: imputed interest (609 ) Total operating lease liabilities as of March 31, 2021 2,220 Including: Operating lease liabilities 267 Operating lease liabilities-Non current 1,953 2,220 Operating lease expenses: Three Months Ended March 31, 2021 2020 US$('000) US$('000) (Unaudited) (Unaudited) Long-term operating lease contracts 37 3 Short-term operating lease contracts 15 44 Total 52 47 Supplemental information related to operating leases : Three Month Ended March 31, 2021 (Unaudited) Operating cash flows used for operating leases (US$'000) 14 Right-of-use assets obtained in exchange for new lease liabilities (US$'000) 2,249 Weighted-average remaining lease term (years) 7.88 Weighted-average discount rate 6 %

Note 2 - Variable Interest En_2

Note 2 - Variable Interest Entities (Tables)	3 Months Ended
	Mar. 31, 2021
Notes Tables
Schedule of Variable Interest Entities [Table Text Block]	March 31, 2021 December 31, US$('000) US$('000) (Unaudited) Assets Current assets: Cash and cash equivalents $ 1,055 $ 277 Accounts receivable, net 1,565 1,142 Prepayment and deposit to suppliers 4,107 2,818 Due from related parties, net 102 61 Other current assets, net 3 10 Total current assets 6,832 4,308 Long-term investments 404 67 Operating lease right-of-use assets 2,199 48 Property and equipment, net 34 32 Intangible assets, net 4 9 Long-term deposits and prepayments 73 - Deferred tax assets, net 457 536 Total Assets 10,003 $ 5,000 Liabilities Current liabilities: Accounts payable $ 814 $ 270 Advances from customers 1,554 1,436 Accrued payroll and other accruals 80 168 Taxes payable 2,713 2,755 Operating lease liabilities 267 18 Lease payment liabilities related to short-term leases 107 108 Other current liabilities 212 213 Total current liabilities 5,747 4,968 Operating lease liabilities-Non current 1,953 32 Total Liabilities $ 7,700 $ 5,000
Financial Performance of VIEs [Table Text Block]	Three Months Ended March 31, 2021 2020 US$('000) US$('000) (Unaudited) (Unaudited) Revenues $ 7,947 $ 2,936 Cost of revenues (8,738 ) (2,845 ) Total operating expenses (390 ) (744 ) Net loss before allocation to noncontrolling interests (1,281 ) (651 )

Note 3 - Summary of Significa_2

Note 3 - Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2021
Notes Tables
Foreign Currency Exchange Rates [Table Text Block]	March 31, 2021 December 31, 2020 Balance sheet items, except for equity accounts 6.5713 6.5249 Three Months Ended March 31, 2021 2020 Items in the statements of operations and comprehensive income/(loss) 6.4844 6.9790
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]	Fair value measurement at reporting date using As of March 31, 2021 Quoted Prices Significant Significant US$('000) US$('000) US$('000) US$('000) (Unaudited) Warrant liabilities (Note 16) 10,919 - - 10,919 Fair value measurement at reporting date using As of December 31, 2020 Quoted Prices Significant Significant US$('000) US$('000) US$('000) US$('000) Warrant liabilities (Note 16) 1,505 - - 1,505
Disaggregation of Revenue [Table Text Block]	Three Months Ended March 31, 2021 2020 US$('000) US$('000) (Unaudited) (Unaudited) Internet advertising and related services --distribution of the right to use search engine marketing service 6,865 1,988 --online advertising placements 1,402 948 --data and technical services - 300 Ecommerce O2O advertising and marketing services 129 503 Technical solution services - 645 Total revenues 8,396 4,384 Three Months Ended March 31, 2021 2020 US$('000) US$('000) (Unaudited) (Unaudited) Revenue recognized over time 8,396 3,739 Revenue recognized at a point in time - 645 Total revenues 8,396 4,384
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]	Contract liabilities US$('000) Balance as of January 1, 2021 1,436 Exchange translation adjustment (10 ) Revenue recognized from beginning contract liability balance (1,092 ) Advances received from customers related to unsatisfied performance obligations 1,258 Balance as of March 31, 2021 (Unaudited) 1,592
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	Operating leases US$('000) (Unaudited) Nine months ending December 31, 2021 192 Year ending December 31, -2022 313 -2023 331 -2024 341 -2025 361 -2026 383 -thereafter 908 Total undiscounted lease payments 2,829 Less: imputed interest (609 ) Total operating lease liabilities as of March 31, 2021 2,220 Including: Operating lease liabilities 267 Operating lease liabilities-Non current 1,953 2,220
Lease, Cost [Table Text Block]	Three Months Ended March 31, 2021 2020 US$('000) US$('000) (Unaudited) (Unaudited) Long-term operating lease contracts 37 3 Short-term operating lease contracts 15 44 Total 52 47 Three Month Ended March 31, 2021 (Unaudited) Operating cash flows used for operating leases (US$'000) 14 Right-of-use assets obtained in exchange for new lease liabilities (US$'000) 2,249 Weighted-average remaining lease term (years) 7.88 Weighted-average discount rate 6 %

Note 4 - Accounts Receivable,_2

Note 4 - Accounts Receivable, Net (Tables)	3 Months Ended
	Mar. 31, 2021
Notes Tables
Schedule of Accounts Receivable [Table Text Block]	March 31, 2021 December 31, 2020 US$('000) US$('000) (Unaudited) Accounts receivable 5,911 6,654 Allowance for doubtful accounts (4,217 ) (4,247 ) Accounts receivable, net 1,694 2,407

Note 5 - Prepayments and Depo_2

Note 5 - Prepayments and Deposit to Suppliers (Tables)	3 Months Ended
	Mar. 31, 2021
Notes Tables
Schedule of Prepayments and Deposit to Suppliers [Table Text Block]	March 31, 2021 December 31, 2020 US$('000) US$('000) (Unaudited) Deposits to advertising resources providers 609 307 Prepayments to advertising resources providers 5,984 3,696 Other deposits and prepayments 601 654 7,194 4,657

Note 6 - Due From Related Par_2

Note 6 - Due From Related Parties, Net (Tables)	3 Months Ended
	Mar. 31, 2021
Due From Related Parties [Member]
Notes Tables
Schedule of Related Party Transactions [Table Text Block]	March 31, 2021 December 31, 2020 US$('000) US$('000) (Unaudited) Zhongwang Xiyue Technology (Beijing) Co., Ltd. (“Zhongwang Xiyue”) 60 61 Guangzhou Gong Xiang Technology Co., Ltd. (“Gong Xiang Technology”) 42 - Due from related parties, net 102 61

Note 7 - Other Current Assets_2

Note 7 - Other Current Assets, Net (Tables)	3 Months Ended
	Mar. 31, 2021
Notes Tables
Schedule of Other Receivables [Table Text Block]	March 31, 2021 December 31,2020 Gross Allowance for doubtful accounts Net Gross Allowance for doubtful accounts Net US$('000) US$('000) US$('000) US$('000) US$('000) US$('000) (Unaudited) (Unaudited) (Unaudited) Staff advances for business operations 9 - 9 18 - 18 Short-term loan to an unrelated party 1,756 - 1,756 1,444 - 1,444 Total 1,765 - 1,765 1,462 - 1,462

Note 8 - Long-term Investments

Note 8 - Long-term Investments (Tables)	3 Months Ended
	Mar. 31, 2021
Notes Tables
Other Investments Not Readily Marketable [Table Text Block]	Gong Xiang Technology Xiao Peng Education Business Opportunity Chain Guangzhou Local Chain Xi'an Total US$('000) US$('000) US$('000) US$('000) US$('000) Balance as of January 1, 2021 - - 29 38 67 Exchange translation adjustment - - - (1 ) (1 ) Cash investment during the year 228 78 32 - 338 Balance as of March 31, 2021 (Unaudited) 228 78 61 37 404

Note 9 - Property and Equipme_2

Note 9 - Property and Equipment, Net (Tables)	3 Months Ended
	Mar. 31, 2021
Notes Tables
Schedule of Property and Equipment [Table Text Block]	March 31, 2021 December 31, 2020 US$('000) US$('000) (Unaudited) Vehicles 805 811 Office equipment 890 894 Electronic devices 610 615 Property and equipment, cost 2,305 2,320 Less: accumulated depreciation (2,244 ) (2,260 ) Property and equipment, net 61 60

Note 10 - Intangible Assets, _2

Note 10 - Intangible Assets, Net (Tables)	3 Months Ended
	Mar. 31, 2021
Notes Tables
Schedule of Finite and Indefinite-Lived Intangible Assets [Table Text Block]	As of March 31, 2021 (Unaudited) Items Gross Carrying Value Accumulated Amortization Impairment Net Carrying Value US$('000) US$('000) US$('000) US$('000) Intangible assets subject to amortization: Cloud compute software technology 1,412 (975 ) (433 ) 4 Internet Ad tracking system 1,160 - - 1,160 Live streaming technology 1,500 (100 ) - 1,400 Licensed products use right 1,205 (166 ) - 1,039 Other computer software 119 (119 ) - - Total $ 5,396 $ (1,360 ) $ (433 ) $ 3,603 As of December 31, 2020 Items Gross Carrying Value Accumulated Amortization Impairment Net Carrying Value US$('000) US$('000) US$('000) US$('000) Intangible assets subject to amortization: Cloud compute software technology 1,423 (978 ) (436 ) 9 Live streaming technology 1,500 (25 ) - 1,475 Licensed products use right 1,208 (135 ) - 1,073 Other computer software 120 (120 ) - - Total $ 4,251 $ (1,258 ) $ (436 ) $ 2,557

Note 13 - Accrued Payroll and_2

Note 13 - Accrued Payroll and Other Accruals (Tables)	3 Months Ended
	Mar. 31, 2021
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	March 31, 2021 December 31, 2020 US$('000) US$('000) (Unaudited) Accrued payroll and staff welfare 118 229 Accrued operating expenses 168 260 286 489

Note 14 - Taxation (Tables)

Note 14 - Taxation (Tables)	3 Months Ended
	Mar. 31, 2021
Notes Tables
Schedule Of Taxes Payable [Table Text Block]	March 31, 2021 December 31, 2020 US$('000) US$('000) (Unaudited) Turnover tax and surcharge payable 1,321 1,353 Enterprise income tax payable 2,064 2,077 Total taxes payable 3,385 3,430
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	Three Months Ended March 31, 2021 2020 US$('000) US$('000) (Unaudited) (Unaudited) Current - (83 ) Deferred 18 5 Income tax benefit/(expense) 18 (78 )
Schedule Of Deferred Tax Assets [Table Text Block]	March 31, 2021 December 31, 2020 US$('000) US$('000) (Unaudited) Tax effect of net operating losses carried forward 10,414 10,123 Bad debts provision 724 728 Valuation allowance (10,514 ) (10,245 ) Deferred tax assets, net 624 606

Note 16 - The Financing and W_2

Note 16 - The Financing and Warrant Liabilities (Tables)	3 Months Ended
	Mar. 31, 2021
Notes Tables
Allocation of Proceeds from Issuance of Equity [Table Text Block]	Initial measurement (USD'000) Investor Warrants 10,476 Common Stock (par value and additional paid in capital) 8,235 Total proceeds from the Financing 18,711
Schedule of Warrant Liabilities [Table Text Block]	As of March 31, 2021 As of February 18, 2021 As of December 31, 2020 Change in Fair Value (gain)/loss (US$'000) (US$'000) (US$'000) (US$'000) Fair value of the Warrants: Warrants issued in the February 2021 Financing: --Investor Warrants 5,942 10,476 * (4,534 ) --Placement Agent Warrants 817 1,445 * (628 ) Warrants issued in the 2020 Financing: --Investor Warrants 3,370 * 1,279 2,091 --Placement Agent Warrants 590 * 224 366 Warrants issued in the 2018 Financing: --Placement Agent Warrants 200 * 2 198 Warrant liabilities 10,919 11,921 1,505 (2,507 ) As of March 31, 2020 As of December 31, 2019 Change in Fair Value (gain)/loss US$'000 US$'000 US$'000 Fair value of the Warrants: Warrants issued in the 2018 Financing: --Investor Warrants 45 71 (26 ) --Placement Agent Warrants 16 36 (20 ) Warrant liabilities 61 107 (46 )
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, 2021 2,159,865 2.78 $ 2.00 129,000 0.05 $ 1.4927 Granted/Vested 2,970,840 3.38 $ 3.70 2,606,000 3.38 $ 3.59 Forfeited - - Exercised - - Balance, March 31, 2021 (Unaudited) 5,130,705 3.04 $ 2.98 2,735,000 3.24 $ 3.49
Warrant [Member]
Notes Tables
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]	As of February 18, 2021 2021 Investor 2021 Placement Stock price $ 4.48 $ 4.48 Years to maturity 3.50 3.50 Risk-free interest rate 0.26 % 0.26 % Dividend yield - - Expected volatility 168 % 168 % Exercise Price $ 3.59 $ 4.4875 Fair value of the warrant $ 4.02 $ 3.96 Warrant liabilities (US$'000) $ 10,476 $ 1,445 As of March 31, 2021 2021 Investor 2021 Placement Stock price $ 2.64 $ 2.64 Years to maturity 3.38 3.38 Risk-free interest rate 0.41 % 0.41 % Dividend yield - - Expected volatility 168 % 168 % Exercise Price $ 3.59 $ 4.4875 Fair value of the warrant $ 2.28 $ 2.24 Warrant liabilities (US$'000) $ 5,942 $ 817 2020 Investor Warrants and 2020 Placement Agent Warrants As of As of Stock price $ 2.64 $ 1.35 Years to maturity 2.70 2.95 Risk-free interest rate 0.29 % 0.17 % Dividend yield - - Expected volatility 120 % 102 % Exercise Price $ 2.03 $ 2.03 Fair value of the warrant $ 1.95 $ 0.74 Investor warrants liabilities (US$'000) $ 3,370 $ 1,279 Placement agent warrants liabilities (US$'000) $ 590 $ 224 2018 Placement Agent Warrants As of As of Stock price $ 2.64 $ 1.35 Years to maturity 0.30 0.05 Risk-free interest rate 0.03 % 0.08 % Dividend yield - - Expected volatility 206 % 59 % Exercise Price $ 1.4927 $ 1.4927 Fair value of the warrant $ 1.55 $ 0.02 Warrant liabilities (US$'000) $ 200 $ 2 2018 Investor Warrants 2018 Placement Agent Warrants As of As of As of As of Stock price $ 0.95 $ 1.17 $ 0.95 $ 1.17 Years to maturity 0.30 0.55 0.80 1.05 Risk-free interest rate 0.10 % 1.58 % 0.13 % 1.57 % Dividend yield - - - - Expected volatility 99 % 60 % 78 % 80 % Exercise Price $ 1.4927 $ 1.4927 $ 1.4927 $ 1.4927 Fair value of the warrant $ 0.07 $ 0.11 $ 0.12 $ 0.28 Warrant liabilities (US$'000) $ 45 $ 71 $ 16 $ 36

Note 19 - Concentration of Ri_2

Note 19 - Concentration of Risk (Tables)	3 Months Ended
	Mar. 31, 2021
Notes Tables
Schedules of Concentration of Risk, by Risk Factor [Table Text Block]	Customer A Customer B Customer C Customer D Customer E Customer F Customer G Three Months Ended March 31, 2021 18 % - - Revenues, customer concentration risk * * - - Three Months Ended March 31, 2020 Revenues, customer concentration risk * - * * - 15 % 11 % As of March 31, 2021 Accounts receivable, customer concentration risk 38 % 34 % - - - - - As of December 31, 2020 Accounts receivable, customer concentration risk 28 % - 27 % 21 % - - - Supplier A Supplier B Supplier C Three Months Ended March 31, 2021 Cost of revenues, supplier concentration risk 52 % 30 % * Three Months Ended March 31, 2020 Cost of revenues, supplier concentration risk - 71 % 11 %

Note 21 - Segment Reporting (Ta

Note 21 - Segment Reporting (Tables)	3 Months Ended
	Mar. 31, 2021
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Internet Ad Ecommerce O2O Ad and marketing services Blockchain technology Corporate Inter- segment and reconciling item Total US$(‘000) US$(‘000) US$(‘000) US$(‘000) US$(‘000) US$(‘000) Revenues 8,267 129 - - - 8,396 Cost of revenues 8,738 375 - - - 9,113 Total operating expenses 383 203 1 511 (1) - 1,098 Depreciation and amortization expense included in total operating expenses 35 75 1 1 - 112 Operating loss (854 ) (449 ) (1 ) (511 ) - (1,815 ) Change in fair value of warrant liabilities - - - 2,507 - 2,507 Net (loss)/income (954 ) (449 ) (1 ) 2,091 687 Expenditure for long-term assets 1,160 - - - - 1,160 Total assets-March 31, 2021 11,186 5,192 4,405 43,034 (25,190 ) 38,627 Total assets-December 31, 2020 8,310 3,206 4,409 27,766 (23,024 ) 20,667 Internet Ad. Ecommerce O2O Ad and marketing services Blockchain technology Corporate Inter- segment and reconciling item Total US$ US$ US$ US$ US$ US$ Revenues 3,236 503 - 645 - 4,384 Cost of revenues 3,110 375 - - - 3,485 Total operating expenses 1,022 4 1 2,148 (1) - 3,175 Depreciation and amortization expense included in total operating expenses 206 - - 1 - 207 Operating (loss)/income (896 ) 124 (1 ) (1,503 ) - (2,276 ) Change in fair value of warrant liabilities - - - 46 - 46 Net (loss)/income (893 ) 103 (1 ) (1,519 ) - (2,310 ) Expenditure for long-term assets - - 302 - - 302

Note 22 - Earnings (Loss) Per_2

Note 22 - Earnings (Loss) Per Share (Tables)	3 Months Ended
	Mar. 31, 2021
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended March 31, 2021 2020 US$('000) US$('000) (Unaudited) (Unaudited) Net income/(loss) attributable to ZW Data Action Technologies Inc. (numerator for basic and diluted income/(loss) per share) $ 685 $ (2,310 ) Weighted average number of common shares outstanding -Basic and diluted 28,505,181 20,397,406 Income/(loss) per share -Basic and diluted $ 0.02 $ (0.11 )

Note 23 - Share-based Compens_2

Note 23 - Share-based Compensation Expenses (Tables)	3 Months Ended
	Mar. 31, 2021
Notes Tables
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]	Three Months Ended March 31, 2021 2020 US$('000) US$('000) (Unaudited) (Unaudited) Sales and marketing expenses - 122 General and administrative expenses 100 1,651 Research and development expenses - 146 Total 100 1,919
Share-based Payment Arrangement, Option, Activity [Table Text Block]	Option Outstanding Option Exercisable Number of underlying shares Weighted Weighted Number of underlying shares Weighted Weighted Balance, January 1, 2021 277,976 0.91 $ 3.00 277,976 0.91 $ 3.00 Granted/Vested - - Forfeited - - Exercised - - Balance, March 31, 2021 (Unaudited) 277,976 0.66 $ 3.00 277,976 0.66 $ 3.00

Note 2 - Variable Interest En_3

Note 2 - Variable Interest Entities - Consolidated VIEs' Assets and Liabilities (Details) - USD ($) $ in Thousands		Mar. 31, 2021		Dec. 31, 2020
Cash and cash equivalents	[1]	$ 15,785		$ 4,297
Accounts receivable, net	[1]	1,694		2,407
Prepayment and deposit to suppliers	[1]	7,194		4,657
Due from related parties, net	[1]	102		61
Other current assets, net	[1]	1,765		1,462
Total current assets		26,540	[1]	12,884
Long-term investments	[1]	404		67
Operating Lease, Right-of-Use Asset	[1]	2,199		48
Property and equipment, net *	[1]	61		60
Intangible assets, net	[1]	3,603		2,557
Long-term deposits and prepayments	[1]	793		39
Deferred tax assets, net	[1]	624		606
Total Assets		38,627		20,667
Accounts payable	[1]	1,226		608
Advances from customers	[1]	1,592		1,436
Accrued payroll and other accruals	[1]	286		489
Taxes payable	[1]	3,385		3,430
Operating lease liabilities	[1]	267		18
Lease payment liabilities related to short-term leases	[1]	200		203
Other current liabilities	[1]	306		333
Total current liabilities		18,181		8,022
Operating lease liabilities-Non current	[1]	1,953		32
Total Liabilities		20,267		8,188
Variable Interest Entity, Primary Beneficiary [Member]
Cash and cash equivalents		1,055		277
Accounts receivable, net		1,565		1,142
Prepayment and deposit to suppliers		4,107		2,818
Due from related parties, net		102		61
Other current assets, net		3		10
Total current assets		6,832		4,308
Long-term investments		404		67
Operating Lease, Right-of-Use Asset		2,199		48
Property and equipment, net *		34		32
Intangible assets, net		4		9
Long-term deposits and prepayments		73
Deferred tax assets, net		457		536
Total Assets		10,003		5,000
Accounts payable		814		270
Advances from customers		1,554		1,436
Accrued payroll and other accruals		80		168
Taxes payable		2,713		2,755
Operating lease liabilities		267		18
Lease payment liabilities related to short-term leases		107		108
Other current liabilities		212		213
Total current liabilities		5,747		4,968
Operating lease liabilities-Non current		1,953		32
Total Liabilities		$ 7,700		$ 5,000
[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_4

Note 2 - Variable Interest Entities - Consolidated VIEs' Financial Performance (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Revenues	$ 8,396	$ 4,384
Cost of revenues	(9,113)	(3,485)
Total operating expenses	(1,098)	(3,175)
Net (loss)/income	687	(2,310)
Variable Interest Entity, Primary Beneficiary [Member]
Revenues	7,947	2,936
Cost of revenues	(8,738)	(2,845)
Total operating expenses	(390)	(744)
Net (loss)/income	$ (1,281)	$ (651)

Note 3 - Summary of Significa_3

Note 3 - Summary of Significant Accounting Policies (Details Textual) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Contract with Customer, Performance Obligation Satisfied in Previous Period		$ 0	$ 0
Research and Development Expense, Total		74	$ 214
Operating Lease, Right-of-Use Asset	[1]	2,199		$ 48
Operating Lease, Liability, Total		2,220
Other Current Assets [Member]
Operating Lease, Right-of-Use Asset		2,200
Other Current Liabilities [Member]
Operating Lease, Liability, Total		$ 2,220
[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 3 - Summary of Significa_4

Note 3 - Summary of Significant Accounting Policies - Exchange Rates Used to Translate Amounts In RMB Into US$ (Details)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Balance sheet items, except for equity accounts	6.5713		6.5249
Items in the statements of operations and comprehensive income/(loss)	6.4844	6.979

Note 3 - Summary of Significa_5

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, Recurring [Member] - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Warrant liabilities (Note 16)	$ 10,919	$ 1,505
Fair Value, Inputs, Level 1 [Member]
Warrant liabilities (Note 16)
Fair Value, Inputs, Level 2 [Member]
Warrant liabilities (Note 16)
Fair Value, Inputs, Level 3 [Member]
Warrant liabilities (Note 16)	$ 10,919	$ 1,505

Note 3 - Summary of Significa_6

Note 3 - Summary of Significant Accounting Policies - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Revenues	$ 8,396	$ 4,384
Search Engine Marketing and Data Service [Member]
Revenues	6,865	1,988
Online Advertising Placement [Member]
Revenues	1,402	948
Data and Technical Services [Member]
Revenues		300
Offline Advertising and Marketing Services [Member]
Revenues	129	503
Technical Solution Services [Member]
Revenues		645
Transferred over Time [Member]
Revenues	8,396	3,739
Transferred at Point in Time [Member]
Revenues		$ 645

Note 3 - Summary of Significa_7

Note 3 - Summary of Significant Accounting Policies - Contract liabilities (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2021USD ($)
Balance	$ 1,436
Exchange translation adjustment	(10)
Revenue recognized from beginning contract liability balance	(1,092)
Advances received from customers related to unsatisfied performance obligations	1,258
Balance	$ 1,592

Note 3 - Summary of Significa_8

Note 3 - Summary of Significant Accounting Policies - Maturity of Operating Lease Liabilities (Details) - USD ($) $ in Thousands		Mar. 31, 2021	Dec. 31, 2020
Nine months ending December 31, 2021		$ 192
-2022		313
-2023		331
-2024		341
-2025		361
-2026		383
-thereafter		908
Total undiscounted lease payments		2,829
Less: imputed interest		(609)
Total operating lease liabilities as of March 31, 2021		2,220
Operating lease liabilities	[1]	267	$ 18
Operating lease liabilities-Non current	[1]	$ 1,953	$ 32
[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 3 - Summary of Significa_9

Note 3 - Summary of Significant Accounting Policies - Operating Lease Expenses and Supplemental Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Long-term operating lease contracts	$ 37	$ 3
Short-term operating lease contracts	15	44
Total	52	$ 47
Operating cash flows used for operating leases (US$’000)	14
Right-of-use assets obtained in exchange for new lease liabilities (US$’000)	$ 2,249
Weighted-average remaining lease term (Year)	7 years 321 days
Weighted-average discount rate	6.00%

Note 4 - Accounts Receivable,_3

Note 4 - Accounts Receivable, Net (Details Textual) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Accounts Receivable, Allowance for Credit Loss, Current	[1]	$ 4,217		$ 4,247
Accounts Receivable, Credit Loss Expense (Reversal)			$ 410
Internet Advertising and TV Advertising [Member]
Accounts Receivable, Allowance for Credit Loss, Current		$ 4,220		$ 4,250
Number of Months Past Due (Month)		180 days
Accounts Receivable, Credit Loss Expense (Reversal)			$ 410
[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 4 - Accounts Receivable,_4

Note 4 - Accounts Receivable, Net - Accounts Receivable, Net (Details) - USD ($) $ in Thousands		Mar. 31, 2021	Dec. 31, 2020
Accounts receivable		$ 5,911	$ 6,654
Allowance for doubtful accounts	[1]	(4,217)	(4,247)
Accounts receivable, net	[2]	$ 1,694	$ 2,407
[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).
[2]	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 5 - Prepayments and Depo_3

Note 5 - Prepayments and Deposit to Suppliers - Prepayments and Deposit to Suppliers (Details) - USD ($) $ in Thousands		Mar. 31, 2021	Dec. 31, 2020
Prepayment and deposit to suppliers *	[1]	$ 7,194	$ 4,657
Deposits to TV Ad and Internet Ad Resources Providers [Member]
Prepayment and deposit to suppliers *		609	307
Prepayment to TV Ad and Internet Ad Resources Providers [Member]
Prepayment and deposit to suppliers *		5,984	3,696
Other Deposits and Prepayments [Member]
Prepayment and deposit to suppliers *		$ 601	$ 654
[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 6 - Due From Related Par_3

Note 6 - Due From Related Parties, Net - Due From Related Parties (Details) - USD ($) $ in Thousands		Mar. 31, 2021	Dec. 31, 2020
Due from related parties, net	[1]	$ 102	$ 61
Zhong Wang Xi Yue Technology (Beijing) Co. Ltd [Member]
Due from related parties, gross		60	61
Guangzhou Gong Xiang Technology Co. [Member]
Due from related parties, gross		$ 42
[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 7 - Other Current Assets_3

Note 7 - Other Current Assets, Net (Details Textual) $ in Thousands	3 Months Ended
	Mar. 31, 2021USD ($)
Loan to Unrelated Party [Member]
Proceeds from Collection of Loans Receivable	$ 760

Note 7 - Other Current Assets_4

Note 7 - Other Current Assets, Net - Summary of Other Receivables (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Other receivables, gross	$ 1,765	$ 1,462
Allowance for doubtful accounts
Other receivables, net	1,765	1,462
Staff Advances for Business Operations [Member]
Other receivables, gross	9	18
Allowance for doubtful accounts
Other receivables, net	9	18
Loan to Unrelated Party [Member]
Other receivables, gross	1,756	1,444
Allowance for doubtful accounts
Other receivables, net	$ 1,756	$ 1,444

Note 8 - Long-term Investment_2

Note 8 - Long-term Investments (Details Textual)	Mar. 31, 2021
Guangzhou Gong Xiang Technology Co. [Member]
Equity Securities without Readily Determinable Fair Value, Percent	15.00%
Xiao Peng Education [Member]
Equity Securities without Readily Determinable Fair Value, Percent	17.00%
Business Opportunity Chain [Member]
Equity Securities without Readily Determinable Fair Value, Percent	19.00%
Local Chain Xi’an [Member]
Equity Securities without Readily Determinable Fair Value, Percent	4.90%

Note 8 - Long-term Investment_3

Note 8 - Long-term Investments - Summary of Long-term Investments (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2021USD ($)
Balance	$ 67
Exchange translation adjustment	(1)
Cash investment during the year	338
Balance	404
Guangzhou Gong Xiang Technology Co. [Member]
Balance
Exchange translation adjustment
Cash investment during the year	228
Balance	228
Xiao Peng Education [Member]
Balance
Exchange translation adjustment
Cash investment during the year	78
Balance	78
Business Opportunity Chain [Member]
Balance	29
Exchange translation adjustment
Cash investment during the year	32
Balance	61
Local Chain Xi’an [Member]
Balance	38
Exchange translation adjustment	(1)
Cash investment during the year
Balance	$ 37

Note 9 - Property and Equipme_3

Note 9 - Property and Equipment, Net (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Depreciation, Total	$ 1	$ 2

Note 9 - Property and Equipme_4

Note 9 - Property and Equipment, Net - Property and Equipment, Net (Details) - USD ($) $ in Thousands		Mar. 31, 2021	Dec. 31, 2020
Property and equipment, gross		$ 2,305	$ 2,320
Less: accumulated depreciation		(2,244)	(2,260)
Property and equipment, net *	[1]	61	60
Vehicles [Member]
Property and equipment, gross		805	811
Office Equipment [Member]
Property and equipment, gross		890	894
Electronic Devices [Member]
Property and equipment, gross		$ 610	$ 615
[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 10 - Intangible Assets, _3

Note 10 - Intangible Assets, Net (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Amortization of Intangible Assets, Total	$ 110	$ 210
Finite-Lived Intangible Asset, Useful Life (Year)	5 years 328 days
Finite-Lived Intangible Asset, Expected Amortization, Remainder of Fiscal Year	$ 490
Finite-Lived Intangible Asset, Expected Amortization, Year One	650
Finite-Lived Intangible Asset, Expected Amortization, Year Four	630
Finite-Lived Intangible Asset, Expected Amortization, Year Five	180
Finite-Lived Intangible Asset, Expected Amortization, Year Two	650
Finite-Lived Intangible Asset, Expected Amortization, Year Three	$ 650

Note 10 - Intangible Assets, _4

Note 10 - Intangible Assets, Net - Intangible Assets, Net (Details) - USD ($) $ in Thousands		Mar. 31, 2021	Dec. 31, 2020
Finite-lived intangible assets		$ 5,396	$ 4,251
Finite-lived intangible assets, Accumulated amortization		(1,360)	(1,258)
Finite-lived intangible assets, Impairment		(433)	(436)
Intangible assets, net *	[1]	3,603	2,557
Cloud-Computing Based Software Platforms [Member]
Finite-lived intangible assets		1,412	1,423
Finite-lived intangible assets, Accumulated amortization		(975)	(978)
Finite-lived intangible assets, Impairment		(433)	(436)
Intangible assets, net *		4	9
Internet Ad Tracking System [Member]
Finite-lived intangible assets		1,160
Finite-lived intangible assets, Accumulated amortization
Finite-lived intangible assets, Impairment
Intangible assets, net *		1,160
Livestreaming Technology [Member]
Finite-lived intangible assets		1,500	1,500
Finite-lived intangible assets, Accumulated amortization		(100)	(25)
Finite-lived intangible assets, Impairment
Intangible assets, net *		1,400	1,475
Licensing Agreements [Member]
Finite-lived intangible assets		1,205	1,208
Finite-lived intangible assets, Accumulated amortization		(166)	(135)
Finite-lived intangible assets, Impairment
Intangible assets, net *		1,039	1,073
Other Computer Software [Member]
Finite-lived intangible assets		119	120
Finite-lived intangible assets, Accumulated amortization		(119)	(120)
Finite-lived intangible assets, Impairment
Intangible assets, net *
[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 11 - Blockchain Platform_2

Note 11 - Blockchain Platform Applications Development Costs (Details Textual) $ in Thousands, ¥ in Millions	Mar. 31, 2021USD ($)	Mar. 31, 2018USD ($)	Mar. 31, 2018CNY (¥)
Capitalized Cost of Blockchain Technology Based Applications Development Costs	$ 4,400
Contract to Develop Blockchain Technology Based Applications [Member]
Application Development Contracts, Contract Amount	$ 4,960	$ 4,500
Contract to Develop Social Network Based Applications [Member]
Application Development Contracts, Contract Amount		$ 460	¥ 3

Note 13 - Accrued Payroll and_3

Note 13 - Accrued Payroll and Other Accruals - Accrued Payroll and Other Accruals (Details) - USD ($) $ in Thousands		Mar. 31, 2021	Dec. 31, 2020
Accrued payroll and other accruals	[1]	$ 286	$ 489
Accrued Payroll and Staff Welfare [Member]
Accrued payroll and other accruals		118	229
Accrued Operating Expenses [Member]
Accrued payroll and other accruals		$ 168	$ 260
[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 - Taxation (Details Tex

Note 14 - Taxation (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Operating Loss Carryforwards, Total	$ 23,500		$ 23,300
Operating Loss Carryforwards, Taxable Income Deduction Limitations	80.00%
Deferred Tax Assets, Valuation Allowance, Total	$ 10,514		10,245
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	310	$ 550
PRC Subsidiary And VIE's [Member]
Operating Loss Carryforwards, Total	$ 23,500		$ 22,500

Note 14 - Taxation - Taxes Paya

Note 14 - Taxation - Taxes Payable (Details) - USD ($) $ in Thousands		Mar. 31, 2021	Dec. 31, 2020
Turnover tax and surcharge payable		$ 1,321	$ 1,353
Enterprise income tax payable		2,064	2,077
Total taxes payable	[1]	$ 3,385	$ 3,430
[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 - Taxation - Income Tax

Note 14 - Taxation - Income Tax Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Current		$ (83)
Deferred	18	5
Income tax benefit/(expense)	$ 18	$ (78)

Note 14 - Taxation - Deferred T

Note 14 - Taxation - Deferred Tax Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Tax effect of net operating losses carried forward	$ 10,414	$ 10,123
Bad debts provision	724	728
Valuation allowance	(10,514)	(10,245)
Deferred tax assets, net	$ 624	$ 606

Note 16 - The Financing and W_3

Note 16 - The Financing and Warrant Liabilities (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	Feb. 18, 2021	Dec. 14, 2020	Jan. 17, 2018	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020	Dec. 31, 2019
Warrants and Rights Outstanding	$ 11,921			$ 10,919	$ 1,505	$ 61	$ 107
Investor Warrants [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares)	2,606,000	1,728,396	645,000
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share)	$ 3.59	$ 2.03
Warrants and Rights Outstanding	$ 10,476			5,942		45	71
Placement Agent Warrants [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares)	364,840	302,469
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share)	$ 4.4875		$ 6.60
Warrants and Rights Outstanding	$ 1,445			817		$ 16	$ 36
Warrants and Rights Outstanding, Term (Year)			3 years
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%
Warrants Issued January 17, 2018 Containing Full Ratchet Price Protection [Member]
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share)			$ 1.4927
Private Placement [Member]
Stock Issued During Period, Shares, New Issues (in shares)	5,212,000	4,320,989	2,150,001
Shares Issued, Price Per Share (in dollars per share)	$ 3.59		$ 5.15
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares)			129,000
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share)			$ 6.60
Proceeds from Issuance or Sale of Equity, Total	$ 18,700			18,711
Sale of Equity, Placement Fee, Percent	7.00%
Adjustments to Additional Paid in Capital, Stock Issued, Issuance Costs	$ 3,050
Placement Agent Fee	1,310
Stock Issuance Costs, Other Offering Costs	$ 290
Private Placement [Member] | Investor Warrants [Member]
Warrants and Rights Outstanding				$ 10,480

Note 16 - The Financing and W_4

Note 16 - The Financing and Warrant Liabilities - Fair Value of Warrants (Details) $ in Thousands	Mar. 31, 2021USD ($)yr	Feb. 18, 2021USD ($)	Dec. 31, 2020USD ($)yr	Mar. 31, 2020USD ($)yr		Dec. 31, 2019USD ($)yr
Proceeds allocated to warrant liabilities	$ 10,919	$ 11,921	$ 1,505	$ 61		$ 107
Investor Warrants [Member]
Proceeds allocated to warrant liabilities	$ 5,942	$ 10,476		45		71
Investor Warrants [Member] | Measurement Input, Share Price [Member]
Fair value of the warrants	2.64	4.48
Investor Warrants [Member] | Measurement Input, Expected Term [Member]
Fair value of the warrants	3.38	3.5
Investor Warrants [Member] | Measurement Input, Risk Free Interest Rate [Member]
Fair value of the warrants	0.0041	0.0026
Investor Warrants [Member] | Measurement Input, Expected Dividend Rate [Member]
Fair value of the warrants
Investor Warrants [Member] | Measurement Input, Price Volatility [Member]
Fair value of the warrants	1.68	1.68
Investor Warrants [Member] | Measurement Input, Exercise Price [Member]
Fair value of the warrants	3.59	3.59
Investor Warrants [Member] | Measurement Input, Quoted Price [Member]
Fair value of the warrants	2.28	4.02
Placement Agent Warrants [Member]
Proceeds allocated to warrant liabilities	$ 817	$ 1,445		16		36
Placement Agent Warrants [Member] | Measurement Input, Share Price [Member]
Fair value of the warrants	2.64	4.48
Placement Agent Warrants [Member] | Measurement Input, Expected Term [Member]
Fair value of the warrants	3.38	3.5
Placement Agent Warrants [Member] | Measurement Input, Risk Free Interest Rate [Member]
Fair value of the warrants	0.0041	0.0026
Placement Agent Warrants [Member] | Measurement Input, Expected Dividend Rate [Member]
Fair value of the warrants
Placement Agent Warrants [Member] | Measurement Input, Price Volatility [Member]
Fair value of the warrants	1.68	1.68
Placement Agent Warrants [Member] | Measurement Input, Exercise Price [Member]
Fair value of the warrants	4.4875	4.4875
Placement Agent Warrants [Member] | Measurement Input, Quoted Price [Member]
Fair value of the warrants	2.24	3.96
Warrants Issued in Connection with the 2020 Financing [Member] | Measurement Input, Share Price [Member]
Fair value of the warrants	2.64		1.35
Warrants Issued in Connection with the 2020 Financing [Member] | Measurement Input, Expected Term [Member]
Fair value of the warrants | yr	2.7		2.95
Warrants Issued in Connection with the 2020 Financing [Member] | Measurement Input, Risk Free Interest Rate [Member]
Fair value of the warrants	0.0029		0.0017
Warrants Issued in Connection with the 2020 Financing [Member] | Measurement Input, Expected Dividend Rate [Member]
Fair value of the warrants
Warrants Issued in Connection with the 2020 Financing [Member] | Measurement Input, Price Volatility [Member]
Fair value of the warrants	1.2		1.02
Warrants Issued in Connection with the 2020 Financing [Member] | Measurement Input, Exercise Price [Member]
Fair value of the warrants	2.03		2.03
Warrants Issued in Connection with the 2020 Financing [Member] | Measurement Input, Quoted Price [Member]
Fair value of the warrants	1.95		0.74
Investor Warrants Issued in Connection with 2018 Financing [Member]
Proceeds allocated to warrant liabilities	$ 200		$ 2	$ 45		$ 71
Investor Warrants Issued in Connection with 2018 Financing [Member] | Measurement Input, Share Price [Member]
Fair value of the warrants	2.64		1.35	0.95		1.17
Investor Warrants Issued in Connection with 2018 Financing [Member] | Measurement Input, Expected Term [Member]
Fair value of the warrants	0.3		0.05	0.3		0.55
Investor Warrants Issued in Connection with 2018 Financing [Member] | Measurement Input, Risk Free Interest Rate [Member]
Fair value of the warrants	0.0003		0.0008	0.001		0.0158
Investor Warrants Issued in Connection with 2018 Financing [Member] | Measurement Input, Expected Dividend Rate [Member]
Fair value of the warrants
Investor Warrants Issued in Connection with 2018 Financing [Member] | Measurement Input, Price Volatility [Member]
Fair value of the warrants	2.06		0.59	0.99		0.6
Investor Warrants Issued in Connection with 2018 Financing [Member] | Measurement Input, Exercise Price [Member]
Fair value of the warrants	1.4927		1.4927	1.4927		1.4927	[1]
Investor Warrants Issued in Connection with 2018 Financing [Member] | Measurement Input, Quoted Price [Member]
Fair value of the warrants	1.55		0.02	0.07		0.11
Placement Agent Warrants Issued in Connection with 2018 Financing [Member]
Proceeds allocated to warrant liabilities	$ 200		$ 2	$ 16	[2]	$ 36
Placement Agent Warrants Issued in Connection with 2018 Financing [Member] | Measurement Input, Share Price [Member]
Fair value of the warrants				0.95	[2]	1.17
Placement Agent Warrants Issued in Connection with 2018 Financing [Member] | Measurement Input, Expected Term [Member]
Fair value of the warrants | yr				0.8	[2]	1.05
Placement Agent Warrants Issued in Connection with 2018 Financing [Member] | Measurement Input, Risk Free Interest Rate [Member]
Fair value of the warrants				0.0013	[2]	0.0157
Placement Agent Warrants Issued in Connection with 2018 Financing [Member] | Measurement Input, Expected Dividend Rate [Member]
Fair value of the warrants					[2]
Placement Agent Warrants Issued in Connection with 2018 Financing [Member] | Measurement Input, Price Volatility [Member]
Fair value of the warrants				0.78	[2]	0.8
Placement Agent Warrants Issued in Connection with 2018 Financing [Member] | Measurement Input, Exercise Price [Member]
Fair value of the warrants				1.4927	[2]	1.4927
Placement Agent Warrants Issued in Connection with 2018 Financing [Member] | Measurement Input, Quoted Price [Member]
Fair value of the warrants				0.12	[2]	0.28
Investor Warrants Issued in Connection with 2020 Financing [Member]
Proceeds allocated to warrant liabilities	3,370		1,279
Placement Agent Warrants Issued in Connection with 2020 Financing [Member]
Proceeds allocated to warrant liabilities	$ 590		$ 224
[1]	On September 25, 2019, as a result of the close on the first half of the 2019 Financing, the exercise price of the warrants issued in 2018 Financing that contain the "full ratchet" price protection in the event of subsequent issuances below the applicable exercise price (the "Down round feature") was adjusted to $1.4927.
[2]	The investor warrants issued in the 2018 Financing had expired during the year ended December 31, 2020.

Note 16 - The Financing and W_5

Note 16 - The Financing and Warrant Liabilities - Allocation of Gross Proceeds From the Financing (Details) - Private Placement [Member] - USD ($) $ in Thousands	Feb. 18, 2021	Mar. 31, 2021
Investor Warrants		$ 10,476
Common Stock (par value and additional paid in capital)		8,235
Total proceeds from the Financing	$ 18,700	$ 18,711

Note 16 - The Financing and W_6

Note 16 - The Financing and Warrant Liabilities - Warrant Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020		Feb. 18, 2021	Dec. 31, 2020	Dec. 31, 2019
Proceeds allocated to warrant liabilities	$ 10,919	$ 61		$ 11,921	$ 1,505	$ 107
Change in fair value of warrants	(2,507)	(46)
Investor Warrants Issued in Connection with 2021 Financing [Member]
Proceeds allocated to warrant liabilities	5,942			10,476
Change in fair value of warrants	(4,534)
Placement Agent Warrants Issued in Connection with 2021 Financing [Member]
Proceeds allocated to warrant liabilities	817			1,445
Change in fair value of warrants	(628)
Investor Warrants [Member]
Proceeds allocated to warrant liabilities	5,942	45		10,476		71
Change in fair value of warrants		(26)
Investor Warrants Issued in Connection with 2020 Financing [Member]
Proceeds allocated to warrant liabilities	3,370				1,279
Change in fair value of warrants	2,091
Placement Agent Warrants [Member]
Proceeds allocated to warrant liabilities	817	16		1,445		36
Change in fair value of warrants		(20)
Placement Agent Warrants Issued in Connection with 2020 Financing [Member]
Proceeds allocated to warrant liabilities	590				224
Change in fair value of warrants	366
Placement Agent Warrants Issued in Connection with 2018 Financing [Member]
Proceeds allocated to warrant liabilities	200	$ 16	[1]		$ 2	$ 36
Change in fair value of warrants	$ 198
[1]	The investor warrants issued in the 2018 Financing had expired during the year ended December 31, 2020.

Note 16 - The Financing and W_7

Note 16 - The Financing and Warrant Liabilities - Warrant Activity (Details) - $ / shares	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Balance (in shares)	2,159,865
Weighted average remaining contractual life (Year)	3 years 14 days	2 years 284 days
Weighted average exercise price (in dollars per share)	$ 2
Exercisable (in shares)	129,000
Exercisable, weighted average remaining contractual life (Year)	3 years 87 days	18 days
Exercisable, weighted average exercise price (in dollars per share)	$ 1.4927
Granted/Vested (in shares)	2,970,840
Granted/Vested, weighted average remaining contractual life (Year)	3 years 138 days
Granted/Vested, weighted average exercise price (in dollars per share)	$ 3.70
Granted/Vested, exercisable (in shares)	2,606,000
Granted/Vested, exercisable, weighted average remaining contractual life (Year)	3 years 138 days
Granted/Vested, exercisable, weighted average exercise price (in dollars per share)	$ 3.59
Forfeited (in shares)
Exercised (in shares)
Balance (in shares)	5,130,705	2,159,865
Weighted average exercise price (in dollars per share)	$ 2.98	$ 2
Exercisable (in shares)	2,735,000	129,000
Exercisable, weighted average exercise price (in dollars per share)	$ 3.49	$ 1.4927

Note 17 - Restricted Net Asse_2

Note 17 - Restricted Net Assets (Details Textual) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Amount of Restricted Net Assets for Consolidated and Unconsolidated Subsidiaries	$ 13.2	$ 8.2
Withholding Tax Rate Pursuant To EIT Law	10.00%
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 18 - Employee Defined Co_2

Note 18 - Employee Defined Contribution Plan (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Defined Contribution Plan, Cost	$ 50	$ 40

Note 19 - Concentration of Ri_3

Note 19 - Concentration of Risk (Details Textual)	Mar. 31, 2021
CHINA
Percent of Cash and Cash Equivalents Held by Major Financial Institutions	33.00%
UNITED STATES
Percent of Cash and Cash Equivalents Held by Major Financial Institutions	67.00%

Note 19 - Concentration of Ri_4

Note 19 - Concentration of Risk - Company's Concentration of Customers and Suppliers (Details)		3 Months Ended				12 Months Ended
		Mar. 31, 2021		Mar. 31, 2020		Dec. 31, 2020
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Customer A [Member]
Concentration risk	[1]
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Customer B [Member]
Concentration risk			[1]
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Customer C [Member]
Concentration risk					[1]
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Customer D [Member]
Concentration risk					[1]
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Customer E [Member]
Concentration risk		18.00%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Customer F [Member]
Concentration risk				15.00%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Customer G [Member]
Concentration risk				11.00%
Cost Of Sales Total [Member] | Supplier Concentration Risk [Member] | Supplier A [Member]
Concentration risk		52.00%
Cost Of Sales Total [Member] | Supplier Concentration Risk [Member] | Supplier B [Member]
Concentration risk		30.00%		71.00%
Cost Of Sales Total [Member] | Supplier Concentration Risk [Member] | Supplier C [Member]
Concentration risk			[1]	11.00%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer A [Member]
Concentration risk		38.00%				28.00%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer B [Member]
Concentration risk		34.00%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer C [Member]
Concentration risk						27.00%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer D [Member]
Concentration risk						21.00%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer E [Member]
Concentration risk							[1]
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer F [Member]
Concentration risk
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer G [Member]
Concentration risk
[1]	Less than 10%.

Note 20 - Commitments and Con_2

Note 20 - Commitments and Contingencies (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2018
Payment for Blockchain Technology Based Applications Development Costs		$ 302
Contract to Develop Blockchain Technology Based Applications [Member]
Application Development Contracts, Contract Amount	4,960		$ 4,500
Payment for Blockchain Technology Based Applications Development Costs	$ 4,400

Note 21 - Segment Reporting (De

Note 21 - Segment Reporting (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Share-based Payment Arrangement, Expense	$ 100	$ 1,919

Note 21 - Segment Reporting - S

Note 21 - Segment Reporting - Summary of Segment Reporting Information (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2021		Mar. 31, 2020		Dec. 31, 2020
Revenues		$ 8,396		$ 4,384
Cost of revenues		9,113		3,485
Total operating expenses		1,098		3,175
Depreciation and amortization expense included in total operating expenses				207
Operating loss		(1,815)		(2,276)
Change in fair value of warrant liabilities		2,507		46
Net (loss)/income		687		(2,310)
Expenditure for long-term assets		1,160		302
Total assets		38,627				$ 20,667
Corporate, Non-Segment [Member]
Revenues				645
Cost of revenues
Total operating expenses		511	[1]	2,148	[2]
Depreciation and amortization expense included in total operating expenses		1		1
Operating loss		(511)		(1,503)
Change in fair value of warrant liabilities		2,507		46
Net (loss)/income		2,091		(1,519)
Expenditure for long-term assets
Total assets		43,034				27,766
Intersegment Eliminations [Member]
Revenues
Cost of revenues
Total operating expenses
Depreciation and amortization expense included in total operating expenses
Operating loss
Change in fair value of warrant liabilities
Net (loss)/income
Expenditure for long-term assets
Total assets		(25,190)				(23,024)
Internet Ad [Member] | Operating Segments [Member]
Revenues		8,267		3,236
Cost of revenues		8,738		3,110
Total operating expenses		383		1,022
Depreciation and amortization expense included in total operating expenses		35		206
Operating loss		(854)		(896)
Change in fair value of warrant liabilities
Net (loss)/income		(954)		(893)
Expenditure for long-term assets		1,160
Total assets		11,186				8,310
Ecommerce O2O Ad and Marketing Services [Member] | Operating Segments [Member]
Revenues		129		503
Cost of revenues		375		375
Total operating expenses		203		4
Depreciation and amortization expense included in total operating expenses		75
Operating loss		(449)		124
Change in fair value of warrant liabilities
Net (loss)/income		(449)		103
Expenditure for long-term assets
Total assets		5,192				3,206
Blockchain Technology [Member] | Operating Segments [Member]
Revenues
Cost of revenues
Total operating expenses		1		1
Depreciation and amortization expense included in total operating expenses		1
Operating loss		(1)		(1)
Change in fair value of warrant liabilities
Net (loss)/income		(1)		(1)
Expenditure for long-term assets				$ 302
Total assets		4,405				$ 4,409
Corporate Segment [Member]
Revenues		8,396
Cost of revenues		9,113
Total operating expenses	[1]	1,098
Depreciation and amortization expense included in total operating expenses		112
Operating loss		(1,815)
Change in fair value of warrant liabilities		$ 2,507
[1]	Including approximately US$0.10 million share-based compensation expenses.
[2]	Including approximately US$1.92 million share-based compensation expenses.

Note 22 - Earnings (Loss) Per_3

Note 22 - Earnings (Loss) Per Share - Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Net income/(loss) attributable to ZW Data Action Technologies Inc. (numerator for basic and diluted income/(loss) per share)	$ 685	$ (2,310)
Weighted average number of common shares outstanding -Basic and diluted (in shares)	28,505,181	20,397,406
Income/(loss) per share -Basic and diluted (in dollars per share)	$ 0.02	$ (0.11)

Note 23 - Share-based Compens_3

Note 23 - Share-based Compensation Expenses (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended		12 Months Ended
	Mar. 31, 2021	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2022	Dec. 31, 2021
Share-based Payment Arrangement, Expense		$ 100	$ 1,919
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total	$ 310	310
Forecast [Member]
Share-based Payment Arrangement, Expense				$ 40	$ 270
Restricted Stock [Member] | Management Consulting and Advisory Service Providers [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)			430,000
Shares Issued, Price Per Share (in dollars per share)			$ 1.11
Share-based Payment Arrangement, Expense			$ 20
Management Consulting and Advisory Service Term (Year)			2 years
Issuance of Stock and Warrants for Services or Claims			$ 480
The 2020 Omnibus Securities and Incentive Plan [Member] | Restricted Stock [Member]
Share-based Payment Arrangement, Expense		$ 80
The 2020 Omnibus Securities and Incentive Plan [Member] | Restricted Stock [Member] | Independent Director [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)	30,000
Shares Issued, Price Per Share (in dollars per share)	$ 3.13	$ 3.13
Share-based Payment Arrangement, Expense		$ 20
The 2015 Omnibus Securities and Incentive Plan [Member] | Restricted Stock [Member] | Management and Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)			1,630,000
Share-based Payment Arrangement, Expense			$ 1,900

Note 23 - Share-based Compens_4

Note 23 - Share-based Compensation Expenses - Share-based Compensation Expenses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Share-based Compensation expenses	$ 100	$ 1,919
Selling and Marketing Expense [Member]
Share-based Compensation expenses		122
General and Administrative Expense [Member]
Share-based Compensation expenses	100	1,651
Research and Development Expense [Member]
Share-based Compensation expenses		$ 146

Note 23 - Share-based Compens_5

Note 23 - Share-based Compensation Expenses - Options Issued and Outstanding (Details) - $ / shares	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Options outstanding, number of underlying shares (in shares)	277,976
Options outstanding, weighted average remaining contractual life (Year)	240 days	332 days
Options outstanding, weighted average exercise price (in dollars per share)	$ 3
Option exercisable, number of underlying shares (in shares)	277,976
Option exercisable, weighted average remaining contractual life (Year)	240 days	332 days
Option exercisable, weighted average exercise price (in dollars per share)	$ 3
Options outstanding, granted/vested (in shares)	0
Options outstanding, granted/vested, weighted average exercise price (in dollars per share)	$ 0
Options outstanding, forfeited (in shares)	0
Options outstanding, forfeited, weighted average exercise price (in dollars per share)	$ 0
Options outstanding, exercised (in shares)	0
Options outstanding, exercised, weighted average exercise price (in dollars per share)	$ 0
Options outstanding, number of underlying shares (in shares)	277,976	277,976
Options outstanding, weighted average exercise price (in dollars per share)	$ 3	$ 3
Option exercisable, number of underlying shares (in shares)	277,976	277,976
Option exercisable, weighted average exercise price (in dollars per share)	$ 3	$ 3