ZW Data Action (CNET) 10-K 15 Apr 22 2021 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2021	Apr. 15, 2022	Jun. 30, 2021
Document Information [Line Items]
Entity Central Index Key	0001376321
Entity Registrant Name	ZW Data Action Technologies Inc.
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2021
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2021
Document Transition Report	false
Entity File Number	001-34647
Entity Incorporation, State or Country Code	NV
Entity Tax Identification Number	20-4672080
Entity Address, Address Line One	Room 1106, Xinghuo Keji Plaza, No. 2 Fufeng Road, Fengtai District
Entity Address, City or Town	Beijing
Entity Address, Country	CN
City Area Code	10
Local Phone Number	6084-6616
Title of 12(b) Security	Common Stock, par value $0.001
Trading Symbol	CNET
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	false
Entity Shell Company	false
Entity Public Float			$ 56,030,768
Entity Common Stock, Shares Outstanding		35,427,677
Auditor Name	Centurion ZD CPA & Co.
Auditor Location	Hong Kong, China
Auditor Firm ID	2769

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands		Dec. 31, 2021	Dec. 31, 2020
Current assets
Cash and cash equivalents *		$ 7,173	$ 4,297
Accounts receivable, net of allowance for doubtful accounts of $2,236 and $4,247, respectively *		3,439	2,407
Prepayment and deposit to suppliers *		7,559	4,657
Due from related parties *		90	61
Other current assets *		1,657	1,462
Total current assets		19,918	12,884
Long-term investments *		2,280	67
Operating lease right-of-use assets *		2,019	48
Property and equipment, net *		375	60
Intangible assets, net *		7,523	2,557
Blockchain platform applications development costs		0	4,406
Long-term deposits and prepayments		75	39
Deferred tax assets, net *		441	606
Total Assets		32,631	20,667
Current liabilities:
Accounts payable		1,119	608
Advances from customers *		1,245	1,436
Accrued payroll and other accruals*		389	489
Taxes payable*		3,534	3,430
Operating lease liabilities*		202	18
Lease payment liabilities related to short-term leases *		152	203
Other current liabilities*		141	333
Warrant liabilities		2,039	1,505
Total current liabilities		8,821	8,022
Long-term liabilities:
Operating lease liabilities-Non current *	[1]	1,907	32
Long-term borrowing from a related party		137	134
Total Liabilities		10,865	8,188
Commitments and contingencies
Equity:
Common stock (US$0.001 par value; authorized 100,000,000 and 50,000,000 shares at December 31, 2021 and 2020; issued and outstanding 35,332,677 shares and 26,062,915 shares at December 31, 2021 and 2020, respectively)		35	26
Additional paid-in capital		61,785	49,772
Statutory reserves		2,598	2,598
Accumulated deficit		(43,734)	(40,980)
Accumulated other comprehensive income		1,082	1,129
Total ZW Data Action Technologies Inc.’s stockholders’ equity		21,766	12,545
Noncontrolling interests		0	(66)
Total equity		21,766	12,479
Total Liabilities and Equity		$ 32,631	$ 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).

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Accounts receivable, allowance for doubtful account	$ 2,236	$ 4,247
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	100,000,000	50,000,000
Common stock, shares issued (in shares)	35,332,677	26,062,915
Common stock, shares outstanding (in shares)	35,332,677	26,062,915

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Loss - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Revenues	$ 47,328	$ 38,408
Total revenues	47,328	38,408
Cost of revenues	47,230	37,776
Gross profit	98	632
Operating expenses
Sales and marketing expenses	730	361
General and administrative expenses	12,632	5,433
Research and development expenses	326	539
Total operating expenses	13,688	6,333
Loss from operations	(13,590)	(5,701)
Other income/(expenses)
Change in fair value of warrant liabilities	11,329	653
Interest income, net	4	1
Loss on disposal of long-term investments	(38)	0
Other expense, net	(216)	(31)
Total other income	11,079	623
Loss before income tax expense and noncontrolling interests	(2,511)	(5,078)
Income tax expense	(177)	(143)
Net loss	(2,688)	(5,221)
Net (income)/loss attributable to noncontrolling interests	(66)	5
Net loss attributable to ZW Data Action Technologies Inc.	(2,754)	(5,216)
Net (loss)/income	(2,688)	(5,221)
Foreign currency translation loss	(47)	(380)
Comprehensive loss	(2,735)	(5,601)
Comprehensive (income)/loss attributable to noncontrolling interests	(66)	9
Comprehensive loss attributable to ZW Data Action Technologies Inc.	$ (2,801)	$ (5,592)
Loss per common share
Basic and diluted (in dollars per share)	$ (0.08)	$ (0.24)
Weighted average number of common shares outstanding:
Basic and diluted (in shares)	33,048,921	21,602,107
Unrelated Parties [Member]
Revenues	$ 47,324	$ 38,390
Total revenues	47,324	38,390
Related Parties [Member]
Revenues	4	18
Total revenues	$ 4	$ 18

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Cash flows from operating activities
Net loss	$ (2,688)	$ (5,221)
Adjustments to reconcile net loss to net cash (used in)/provided by operating activities
Depreciation and amortization	632	856
Amortization of operating lease right-of-use assets	207	13
Share-based compensation expenses	7,028	2,152
Loss on disposal of long-term investment	38	0
Provision of allowances for doubtful accounts	0	833
Change in fair value of warrant liabilities	(11,329)	(653)
Deferred taxes	177	143
Other non-operating losses	524	11
Changes in operating assets and liabilities
Accounts receivable	(986)	116
Prepayment and deposit to suppliers	(2,061)	2,804
Due from related parties	0	24
Other current assets	6	(6)
Long-term deposits and prepayments	(74)	0
Accounts payable	495	180
Advances from customers	(221)	(671)
Accrued payroll and other accruals	90	16
Other current liabilities	(355)	(299)
Taxes payable	29	14
Operating lease liabilities	(116)	(8)
Lease payment liability related to short-term leases	(54)	54
Net cash (used in)/provided by operating activities	(8,838)	326
Cash flows from investing activities
Payment for leasehold improvements and purchase of vehicles, furniture and office equipment	(334)	0
Cash effect of deconsolidation of VIE’s subsidiaries	(8)	0
Proceeds from disposal of fixed assets	0	3
Investment and advances to ownership investee entities	(2,263)	(28)
Short-term loan to unrelated parties	(202)	(1,444)
Deposit and prepayment paid for contracts of other investing activities	(1,500)	0
Payment for blockchain platform applications development costs	0	(503)
Payment for purchase of software technology and other intangible assets	(1,160)	(1,500)
Net cash used in investing activities	(5,467)	(3,472)
Cash flows from financing activities
Proceeds from issuance of common stock and warrants (net of cash offering cost of $1,600 and $750 respectively)	17,111	6,250
Repayment of short-term bank loan	0	(435)
Net cash provided by financing activities	17,111	5,815
Effect of exchange rate fluctuation on cash and cash equivalents	70	25
Net increase in cash and cash equivalents	2,876	2,694
Cash and cash equivalents, at beginning of the year	4,297	1,603
Cash and cash equivalents, at end of the year	7,173	4,297
Supplemental disclosure of cash flow information
Income taxes paid	0	0
Interest expense paid	$ 0	$ 2

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Parentheticals) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Issuance of common stock, cost	$ 1,600	$ 750

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity - USD ($) $ in Thousands	Share-based Payment Arrangement, Employee [Member]Common Stock [Member]	Share-based Payment Arrangement, Employee [Member]Additional Paid-in Capital [Member]	Share-based Payment Arrangement, Employee [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Statutory Reserves [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Noncontrolling Interest [Member]	Total
Balance (in shares) at Dec. 31, 2019				19,629,403
Balance at Dec. 31, 2019				$ 20	$ 43,111	$ 2,607	$ (35,773)	$ 1,505	$ (57)	$ 11,413
Issuance of common stock for private placement (in shares)				4,320,989
Issuance of common stock for private placement, net				$ 4	4,195					4,199
Share-based compensation in exchange for services from nonemployees (in shares)				480,000
Share-based compensation in exchange for services from nonemployees					545					545
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	$ 1,921	$ 1,923
Reclassification due to disposal of a VIE’s subsidiary during the year						(9)	9
Net loss							(5,216)		(5)	(5,221)
Foreign currency translation adjustment								(376)	(4)	(380)
Net (loss)/income							(5,216)		(5)	(5,221)
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 (in shares)				5,212,000
Issuance of common stock for private placement, net				$ 5	5,185					5,190
Share-based compensation in exchange for services from employees and directors (in shares)				4,015,735
Share-based compensation in exchange for services from employees and directors				$ 4	6,746					6,750
Net loss							(2,754)		66	(2,688)
Foreign currency translation adjustment								(47)		(47)
Cashless exercise of warrants (in shares)				42,027
Cashless exercise of warrants					82					82
Net (loss)/income							(2,754)		$ 66	(2,688)
Balance (in shares) at Dec. 31, 2021				35,332,677
Balance at Dec. 31, 2021				$ 35	$ 61,785	$ 2,598	$ (43,734)	$ 1,082		$ 21,766

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Equity (Parentheticals) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Investor Warrants [Member] | Private Placement [Member]
Proceeds allocated to warrant liabilities	$ 10,476	$ 1,746
Private Placement Agent Costs [Member] | Private Placement [Member]
Proceeds allocated to warrant liabilities	1,445	305
Investor Costs [Member]
Direct offering costs	3,045	1,055
Cash Offering Costs [Member]
Direct offering costs	1,600	750
Proceeds allocated to warrant liabilities	$ 2,039	$ 1,505

Note 1 - Organization and Natur

Note 1 - Organization and Nature of Operations	12 Months Ended
	Dec. 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 The Company’s wholly owned subsidiary, China Net BVI was incorporated in the British Virgin Islands on August 13, 2007. April 11, 2008, PRC regulations prohibit direct foreign ownership of business entities providing Internet content, or ICP services in the PRC, and used to restrict foreign ownership of business entities engaging in the advertising business, which was subsequently lifted in June 2015. may Pursuant to the Contractual Agreements, all of the equity owners' rights and obligations of the VIEs were assigned to Rise King WFOE, which resulted in the equity owners lacking the ability to make decisions that have a significant effect on the VIEs, Rise King WFOE's ability to extract the profits from the operation of the VIEs and assume the residual benefits of the VIEs. Due to the fact that Rise King WFOE and its indirect parent are the sole interest holders of the VIEs, the Company included the assets, liabilities, revenues and expenses of the VIEs in its consolidated financial statements, which is consistent with the provisions of FASB Accounting Standards Codification ("ASC") Topic 810 10. As of December 31, 2021, Name of the subsidiary or VIE Place and date of incorporation Percentage of ownership Principal activities China Net Online Media Group Limited (“China Net BVI”) (1) British Virgin Islands August 13, 2007 100% Investment holding company CNET Online Technology Co. Limited (“China Net HK”) (1) Hong Kong, PRC September 4, 2007 100% Investment holding company ChinaNet Investment Holding Ltd. (“ChinaNet Investment BVI”) (1) British Virgin Islands January 12, 2015 100% Investment holding company Grandon Investments Limited (“Grandon BVI”) (1) British Virgin Islands February 13, 2006 100% Investment holding company, providing e-commerce advertising services and technical services Winner Glory Limited (1) Hong Kong, PRC August 12, 2020 100% Investment holding company, providing e-commerce advertising services and technical services Rise King Century Technology Development (Beijing) Co., Ltd. (“Rise King WFOE”) (1) PRC January 17, 2008 100% Investment holding company, providing advertising, marketing and related services ChinaNet Online Holdings Co., Ltd. (“ChinaNet Online Holdings”) (1) PRC August 31, 2015 100% Investment holding company Business Opportunity Online (Beijing) Network Technology Co., Ltd. (“Business Opportunity Online”) (2) PRC December 8, 2004 100% Providing online advertising, precision marketing and the related data services Beijing CNET Online Advertising Co., Ltd. (“Beijing CNET” Online) (2) PRC January 27, 2003 100% Providing advertising, marketing and related value-added services Beijing Chuang Fu Tian Xia Network Technology Co., Ltd. (“Beijing Chuang Fu Tian Xia”) (2) PRC March 1, 2011 100% Providing online advertising, precision marketing and the related data services Business Opportunity Online (Hubei) Network Technology Co., Ltd. (“Business Opportunity Online Hubei”) (2) PRC January 28, 2011 100% Providing online advertising, precision marketing and the related data services Beijing Chuang Shi Xin Qi Advertising Media Co., Ltd. (“Beijing Chuang Shi Xin Qi”) (2) PRC April 16, 2014 100% Providing online advertising, precision marketing and the related data services Beijing Hong Da Shi Xing Network Technology Co., Ltd. (“Beijing Hong Da Shi Xing”) (2) PRC April 16, 2014 100% Providing online advertising, precision marketing and the related data services ChinaNet Online (Guangdong) Technology Co., Ltd. (“ChinaNet Online Guangdong Technology”) (2) PRC May 26, 2020 100% Developing and operating blockchain technology-based products and services, and other related value-added services ChinaNet Online (Guangdong) Holdings Co., Ltd. (“ChinaNet Online Guangdong Holdings”) (1) PRC May 12, 2021 100% Investment holding company, providing strategic corporation management services ( 1 A direct or indirect subsidiary of the Company. ( 2 The Company’s consolidated VIE, or a direct or indirect subsidiary of the Company’s consolidated VIE.

Note 2 - Variable Interest Enti

Note 2 - Variable Interest Entities	12 Months Ended
	Dec. 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 Variable Interest Entities (“VIEs”). The significant terms of the Company’s VIE Agreements are summarized below: Exclusive Business Cooperation Agreements: not Exclusive Option Agreements: 10, Equity Pledge Agreements: one not may Irrevocable Powers of Attorney: As a result of these VIE Agreements, the Company through its wholly-owned subsidiary, Rise King WFOE, was granted with unconstrained decision making rights and power over key strategic and operational functions that would significantly impact the PRC Operating Entities or the VIEs’ economic performance, which includes, but is not In the opinion of the Company’s PRC legal counsel, as of the date hereof, the Company’s current contractual arrangements with the VIEs and their respective shareholders are valid, binding and enforceable. However, there are uncertainties and risks in relation to the Company’s VIE Structure. On March 15, 2019, January 1, 2020, The Foreign Investment Law embodies an expected PRC regulatory trend to rationalize its foreign investment regulatory regime in line with prevailing international practice and the legislative efforts to unify the corporate legal requirements for both foreign and domestic investments. However, since it is relatively new, uncertainties still exist in relation to its interpretation and implementation. Though it does not no not may In addition, these contractual arrangements may not may may may may may may not may not not not not Summarized below is the information related to the VIEs’ assets and liabilities reported in the Company’s consolidated balance sheets as of December 31, 2021 2020, As of December 31, 2021 2020 US$( 000) US$( 000) Assets Current assets: Cash and cash equivalents $ 181 $ 277 Accounts receivable, net 2,796 1,142 Prepayment and deposit to suppliers 5,287 2,818 Due from related parties 90 61 Other current assets 4 10 Total current assets 8,358 4,308 Long-term investments 496 67 Operating lease right-of-use assets 21 48 Property and equipment, net 168 32 Intangible assets, net - 9 Deferred tax assets 441 536 Total Assets $ 9,484 $ 5,000 Liabilities Current liabilities: Accounts payable $ 1,119 $ 270 Advances from customers 1,113 1,436 Accrued payroll and other accruals 83 168 Taxes payable 2,849 2,755 Operating lease liabilities 9 18 Lease payment liabilities related to short-term leases 110 108 Other current liabilities 53 213 Total current liabilities 5,336 4,968 Operating lease liabilities-Non current 10 32 Total Liabilities $ 5,346 $ 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 consolidated statements of operations and comprehensive loss for the years ended December 31, 2021 2020, Year Ended December 31, 2021 2020 US$( 000) US$( 000) Revenues $ 42,136 $ 34,418 Cost of revenues 45,730 34,637 Total operating expenses 1,409 1,723 Net loss before allocation to noncontrolling interests 5,182 2,180

Note 3 - Summary of Significant

Note 3 - Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Significant Accounting Policies [Text Block]	3. Summary of significant accounting policies a) Basis of presentation The consolidated financial statements are prepared and presented in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”). b) Principles of consolidation The consolidated financial statements include the accounts of all the subsidiaries and VIEs of the Company. All transactions and balances between the Company and its subsidiaries and VIEs have been eliminated upon consolidation. 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 and transactions The Company conducts substantially all of its operations through its PRC operating subsidiaries and VIEs, PRC is the primary economic environment in which the Company operates. For financial reporting purposes, the financial statements of the Company’s PRC operating subsidiaries and VIEs, which are prepared using the functional currency of the PRC, Renminbi (“RMB”), are translated into the Company’s reporting currency, the United States Dollar (“U.S. dollar”). Assets and liabilities are translated using the exchange rate at each balance sheet date. Revenue and expenses are translated using average rates prevailing during each reporting period, and stockholders’ equity is translated at historical exchange rates. Adjustments resulting from the translation are recorded as a separate component of accumulated other comprehensive income in stockholders’ equity. Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transactions. The resulting exchange differences are included in the determination of net loss of the consolidated statements of operations and comprehensive loss for the respective periods. The exchange rates used to translate amounts in RMB into US$ for the purposes of preparing the consolidated financial statements are as follows: As of December 31, 2021 2020 Balance sheet items, except for equity accounts 6.3757 6.5249 Year Ended December 31, 2021 2020 Items in the statements of operations and comprehensive loss 6.4515 6.8976 No e) Cash and cash equivalents Cash and cash equivalents consist of cash on hand and bank deposits, which are unrestricted as to withdrawal and use. The Company considers all highly liquid investments with original maturities of three f) Accounts receivable, net Accounts receivable are recorded at net realizable value consisting of the carrying amount less an allowance for uncollectible accounts as needed. The allowance for doubtful accounts is the Company’s best estimate of the amount of probable credit losses in the Company’s existing accounts receivable. The Company determines the allowance based on aging data, historical collection experience, customer specific facts and economic conditions. Account balances are charged off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote. The Company did not December 31, 2021 2020, nil US$ 0.83 December 31, 2021, US$2.09 g) Long-term investments The Company’s investments in equity securities and other ownership interests (except those accounted for under the equity method of accounting or those that resulted in consolidation of the investee), i.e. investments in investee companies that are not not 321: 20% 321 10 35 2, not In accordance with ASC 321 10 35 3, 321 10 35 2. For the years ended December 31, 2021 2020, not h) Property and equipment, net Property and equipment are recorded at cost less accumulated depreciation/amortization. Depreciation/amortization is calculated on the straight-line method after taking into account their respective estimated residual values over the following estimated useful lives: Leasehold improvements (years) 3 Vehicles (years) 5 Office equipment (years) 3 - 5 Electronic devices (years) 5 Depreciation/amortization expenses of fixed assets are included in sales and marketing expenses, general and administrative expenses and research and development expenses. Leasehold improvements are amortized over the lesser of the lease term or estimated useful life. When property and equipment are retired or otherwise disposed of, resulting gain or loss is included in net income or loss in the period of disposition. Maintenance and repairs which do not i) Intangible assets, net The Company accounted for cost related to internal-used software in accordance with ASC Topic 350 40 j) Impairment of long-lived assets In accordance with ASC 360 10 35, may not For the years ended December 31, 2021 2020, not k) Noncontrolling interest The Company accounts for noncontrolling interest in accordance with ASC Topic 810 10 45, 810 10 45 l) Fair value The Company’s financial instruments primarily consist of cash and cash equivalents, accounts receivable and accounts payable. The carrying values of these financial instruments approximate fair values due to their short maturities. ASC Topic 820 three may Level 1 Level 2 1 not Level 3 no Determining which category an asset or liability falls within the hierarchy requires significant judgment. The Company evaluates its hierarchy disclosures each quarter. Liabilities measured at fair value on a recurring basis by level within the fair value hierarchy as of December 31, 2021 2020 Fair value measurement at reporting date using As of December 31, 2021 Quoted Prices in Active Markets for Identical Assets/Liabilities (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) US$( 000) US$( 000) US$( 000) US$( 000) Warrant liabilities 2,039 - - 2,039 Fair value measurement at reporting date using As of December 31, 2020 Quoted Prices in Active Markets for Identical Assets/Liabilities (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) US$( 000) US$( 000) US$( 000) US$( 000) Warrant liabilities 1,505 - - 1,505 Significant unobservable inputs utilized to determine the fair value of the Company’s warrant liabilities was disclosed in Note 16. m) Revenue recognition In accordance with ASC Topic 606, five 1 2 3 4 5 Multiple performance obligations included in the Company’s contracts with customers are neither capable of being distinct, that is, can benefit the customer on its own or together with other readily available resources, nor is distinct within the context of the contract, that is, the promise to transfer the service separately identifiable from other promises in the contract. The Company’s contract with customers do not Advance from customers related to unsatisfied performance obligations are generally refundable. Refund of advance from customers was insignificant for both the years ended December 31, 2021 2020. The Company does not 606 Distribution of the right to use search engine marketing service Revenue from distribution of the right to use search engine marketing service is recognized on a monthly basis based on the direct cost consumed through search engines for providing such services with a premium (“over time”). The Company recognizes the revenue on a gross basis, because the Company determines that it is a principal in the transaction who control the goods or services before they are transferred to the customers. Online advertising placement service/ecommerce advertising placement service For online advertising placement service contracts and other ecommerce advertising placement service contracts that are established based on a fixed price scheme with the related advertisement placements obligation, the Company provides advertisement placements in specified locations on the Company’s advertising portals for agreed periods and/or place the advertisements onto the Company’s purchased advertisement time on specific outdoor billboards for agreed periods. Revenue is recognized ratably over the period the advertisement is placed and, as such, the Company considers the services to have been delivered (“over time”). Technical solution services Revenues generated from providing technical solution services were either recognized ratably over the period the services were provided, if the customers simultaneously received and consumed the benefits provided by the Company’s performance (“over time”) or recognized upon completion of the service performance obligation, when the Company had the enforceable right to the payment of the services delivered to the customers (“point in time”). The following tables present the Company’s revenues disaggregated by products and services and timing of revenue recognition: Year Ended December 31, 2021 2020 US$( 000) US$( 000) Internet advertising and related service --distribution of the right to use search engine marketing service 39,224 25,997 --online advertising placements 7,442 8,421 --data and technical services - 1,200 Ecommerce O2O advertising and marketing services 662 1,545 Technical solution services - 1,245 Total revenues $ 47,328 $ 38,408 Year Ended December 31, 2021 2020 US$( 000) US$( 000) Revenue recognized over time 47,328 37,163 Revenue recognized at a point in time - 1,245 Total revenues $ 47,328 $ 38,408 Contract costs For the years ended December 31, 2021 2020, not Contract balances The Company evaluates overall economic conditions, its working capital status and customer specific credit and negotiates the payment terms of a contract with individual customer on a case-by-case basis in its normal course of business. Advances received from customers related to unsatisfied performance obligations are recoded as contract liabilities (advance from customers), which will be realized as revenues upon the satisfaction of performance obligations through the transfer of related promised goods and services to customers. For contracts without a full or any advance payments required, the Company bills the customers any unpaid contract price immediately upon satisfaction of the related performance obligations when revenue is recognized. The Company does not not The Company’s contract liabilities primarily consist of advance from customers related to unsatisfied performance obligations in relation to online advertising placement service and distribution of the right to use search engine marketing service. All contract liabilities are expected to be recognized as revenue within one two December 31, 2021: Contract liabilities US$( 000) Balance as of January 1, 2020 2,006 Exchange translation adjustment 139 Revenue recognized from beginning contract liability balance (2,032 ) Advances received from customers related to unsatisfied performance obligations 1,323 Balance as of December 31, 2020 1,436 Exchange translation adjustment 34 Revenue recognized from beginning contract liability balance (1,390 ) Advances received from customers related to unsatisfied performance obligations 1,165 Balance as of December 31, 2021 1,245 For the years ended December 31, 2021 2020, no Transaction price allocated to remaining performance obligation The Company has elected to apply the practical expedient in paragraph ASC Topic 606 10 50 14 not December 31, 2021 2020, one n) Cost of revenues Cost of revenues primarily includes the cost of Internet and other forms of advertising resources and related technical services purchased from third o) Research and development expenses The Company accounts for expenses for the enhancement, maintenance and technical support to the Company’s Internet platforms and intellectual properties that are used in its daily operations in research and development expenses. Research and development costs are charged to expense when incurred. Expenses for research and development for the years ended December 31, 2021 2020 US$0.33 US$0.54 p) Lease The Company leases office spaces from unrelated parties in its normal course of business. Other than these office spaces lease contracts, the Company does not 842. The Company’s lease contracts do not not not The Company’s office lease contracts do not 842 10 25 3. For lease contracts with a duration of twelve 842, 842 20 25 2, not not December 31, 2021 2020, US$0.15 US$0.20 For lease contracts with a duration of over twelve 842 20 30 3, As of December 31, 2021, US$ 2.02 US$ 2.11 Maturity of operating lease liabilities Operating leases US$( 000) Year ending December 31, -2022 320 -2023 335 -2024 342 -2025 359 -2026 377 -thereafter 881 Total undiscounted lease payments 2,614 Less: imputed interest (505 ) Operating lease liabilities as of December 31, 2021 $ 2,109 Including: Operating lease liabilities 202 Operating lease liabilities-Non current 1,907 $ 2,109 As of December 31, 2020, US$0.05 Operating lease expenses: Year Ended December 31, 2021 2020 US$( 000) US$( 000) Long-term operating lease contracts 302 14 Short-term operating lease contracts 60 138 Total 362 152 Supplemental information related to operating leases: 2021 2020 Operating cash flows used for operating leases (US$’000) 210 9 Right-of-use assets obtained in exchange for new lease liabilities (US$’000) 2,186 47 Weighted-average remaining lease term (years) 7.12 2.75 Weighted-average discount rate 6 % 6 % q) Income taxes The Company follows the guidance of ASC Topic 740 not not r) Uncertain tax positions The Company follows the guidance of ASC Topic 740 not not not 50% The Company recognizes interest on non-payment of income taxes under requirement by tax law and penalties associated with tax positions when a tax position does not 3 10 no not December 31, 2021 2020 not December 31, 2021 2020. s) Share-based payment transactions The Company adopts ASC Topic 718 For fully vested, nonforfeitable equity instruments granted to a nonemployee service provider at the date upon entering into the agreement ( no t) Comprehensive income (loss) The Company accounts for comprehensive income (loss) in accordance with ASC Topic 220 u) Earnings (loss) per share Earnings (loss) per share are calculated in accordance with ASC Topic 260, v) Commitments and contingencies The Company adopts ASC Topic 450 20, not w) Recent issued or adopted accounting standards In June 2016, No. 2016 13, 326 November 2018, No. 2018 19, 326, not 326 20. 842, December 15, 2019, November 2019, No. 2019 10, 326 815 842 December 15, 2022, not In December 2019, No. 2019 12, 740 740. January 1, 2021 not

Note 4 - Accounts Receivable, N

Note 4 - Accounts Receivable, Net	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Accounts Receivable Disclosure [Text Block]	4. Accounts receivable, net As of December 31, 2021 2020 US$( 000) US$( 000) Accounts receivable 5,675 6,654 Allowance for doubtful accounts (2,236 ) (4,247 ) Accounts receivable, net 3,439 2,407 All of the accounts receivable are non-interest bearing. Based on the assessment of the collectability of the accounts receivable as of December 31, 2021 2020, US$ 2.24 US$4.25 six six December 31, 2021 2020, US$ 0.83 December 31, 2021, US$ 2.09

Note 5 - Prepayments and Deposi

Note 5 - Prepayments and Deposit to Suppliers	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Prepayments and Deposits to Suppliers Disclosure [Text Block]	5. Prepayments and deposit to suppliers As of December 31, 2021 2020 US$( 000) US$( 000) Deposits to advertising resources providers 934 307 Prepayments to advertising resources providers 5,185 3,696 Deposit and prepayment for other investing contracts 1,000 - Other deposits and prepayments 440 654 7,559 4,657 As of December 31, 2021 2020, one According to the contracts signed between the Company and its suppliers, the Company is required to pay certain of the contract amounts in advance. These prepayments will be recognized as cost of revenues when the related services are delivered by the suppliers. As of December 31, 2021 2020, As of December 31, 2021, US$1.0 no May 31, 2022. Due to the Chinese government’s recent policies which banned cryptocurrency mining business commencing since May 2021, US$1.5 US$ 1.0 US$ 0.5 December 31, 2021 Other deposits and prepayments as of December 31, 2021 2020

Note 6 - Due From Related Parti

Note 6 - Due From Related Parties	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Due from Related Parties Disclosure [Text Block]	6. Due from related parties As of December 31, 2021 2020 US$( 000) US$( 000) Zhongwang Xiyue Technology (Beijing) Co., Ltd. (“Zhongwang Xiyue”) 62 61 Guangzhou Gong Xiang Technology Co., Ltd. (“Gong Xiang Technology”) 28 - Due from related parties 90 61 Related parties of the Company represented the Company’s direct or indirect unconsolidated investee companies, as well as entities that the Company’s officers or directors can exercise significant influence. As of December 31, 2021 2020, As of December 31, 2021, one

Note 7 - Other Current Assets

Note 7 - Other Current Assets	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Other Current Assets [Text Block]	7. Other current assets As of December 31, 2021 2020, US$ 1.03 June 30, 2022.

Note 8 - Long-term Investments

Note 8 - Long-term Investments	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Equity Method Investments and Joint Ventures Disclosure [Text Block]	8. Long-term investments Amount US$( 000) Balance as of January 1, 2019 35 Exchange translation adjustment - Cash investments during the year 32 Balance as of December 31, 2020 67 Exchange translation adjustment 1 Cash investments during the year 2,250 Investments disposed during the year (38 ) Balance as of December 31, 2021 2,280 As of December 31, 2021, 15.38%, 10%, 9.09 15 17% 19% For the year ended December 31, 2021, US$1.0 US$ 0.47 US$ 0.31 US$ 0.24 US$0.08 US$ 0.15 In May  2021, US$0.04 As of December 31, 2020, RMB 0.25 US$ 0.04 RMB 0.19 US$ 0.03

Note 9 - Property and Equipment

Note 9 - Property and Equipment, Net	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	9. Property and equipment, net As of December 31, 2021 2020 US$( 000) US$( 000) Vehicles 933 811 Office equipment 944 894 Electronic devices 629 615 Leasehold improvement 202 - Property and equipment, cost 2,708 2,320 Less: accumulated depreciation (2,333 ) (2,260 ) Property and equipment, net 375 60 Depreciation expenses in the aggregate for the years ended December 31, 2021 2020 US$0.03 US$0.01

Note 10 - Intangible Assets, Ne

Note 10 - Intangible Assets, Net	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Intangible Assets Disclosure [Text Block]	10. Intangible assets, net As of December 31, 2021 Items Gross Carrying Value Accumulated Amortization Impairment Net Carrying Value US$( 000) US$( 000) US$( 000) US$( 000) Intangible assets subject to amortization: -- 10 Cloud compute software technology 1,456 (1,010 ) (446 ) - Licensed products use right 1,205 (255 ) - 950 -- 5 Internet Ad tracking system 1,158 (174 ) - 984 Live streaming technology 1,500 (325 ) - 1,175 -- 3 Blockchain integrated framework platform 4,038 - - 4,038 Bo!News application 376 - - 376 Other computer software 123 (123 ) - - Total $ 9,856 $ (1,887 ) $ (446 ) $ 7,523 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: -- 10 Cloud compute software technology 1,423 (978 ) (436 ) 9 Licensed products use right 1,208 (135 ) - 1,073 -- 5 Live streaming technology 1,500 (25 ) - 1,475 -- 3 Other computer software 120 (120 ) - - Total $ 4,251 $ (1,258 ) $ (436 ) $ 2,557 Amortization expenses in the aggregate for the years ended December 31, 2021 2020 US$0.60 US$0.85 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 3.92 years as of December 31, 2021, no US$2.12 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	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Research, Development, and Computer Software Disclosure [Text Block]	11. Blockchain platform applications development costs In 2018, two US$4.50 RMB3.0 US$ 0.47 two December 31, 2021, 19 19 first 2020, Total development costs incurred for the BIF platform and the Bo!News application of approximately US$ 4.04 US$ 0.38 December 31, 2021. US$ 0.56

Note 12 - Long-term Deposits an

Note 12 - Long-term Deposits and Prepayment	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Long-term Prepayments [Text Block]	12. Long-term deposits and prepayment As of December 31, 2021 2020, not one

Note 13 - Accrued Payroll and O

Note 13 - Accrued Payroll and Other Accruals	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	13. Accrued payroll and other accruals As of December 31, 2021 2020 US$( 000) US$( 000) Accrued payroll and staff welfare 142 229 Accrued operating expenses 247 260 389 489

Note 14 - Taxation

Note 14 - Taxation	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Income Tax Disclosure [Text Block]	14. 1 Income tax The entities within the Company file separate tax returns in the respective tax jurisdictions in which they operate. i). a. The Company is incorporated in the state of Nevada. Under the current law of Nevada, the Company is not not December 2017, not December 22, 2017, not 35% 2018, one December 31, 2017. i). b. Effective from January 1, 2018, 50 December 31, 2021 2020, no no ii). Under the current law of the BVI, the Company’s subsidiaries being incorporate in the BVI are not no iii). The Company’s subsidiaries being incorporated in Hong Kong are governed by the Hong Kong Inland Revenue Ordinance (the “HK tax laws”). Effective from April 1, 2018, two first HK$ 2.0 no iv). The Company’s operating subsidiaries and VIEs, being incorporated in the PRC, are governed by the income tax law of the PRC and is subject to PRC enterprise income tax (“EIT”). The EIT rate of PRC is 25 ● Business Opportunity Online’s qualification as a High and New Technology Enterprise expired in November 2021, December 31, 2020 December 31, 2021, 5 10 December 31, 2021. ● The applicable EIT rate for other PRC operating entities of the Company is 25% for the years ended December 31, 2021 2020. ● The current EIT law also imposed a 10% withholding income tax for dividends distributed by a foreign invested enterprise to its immediate holding company outside mainland China. A lower withholding tax rate will be applied if there is a tax treaty arrangement between mainland China and the jurisdiction of the foreign holding company. 2 Turnover taxes and the relevant surcharges Service revenues generated by the Company’s PRC operating subsidiaries and VIEs are subject to Value Added Tax (“VAT”). VAT rate for provision of modern services (other than lease of corporeal movables) is 6%. Therefore, for the years ended December 31, 2021 2020, As of December 31, 2021, 2020, As of December 31, 2021 2020 US$( 000) US$( 000) Turnover tax and surcharge payable 1,414 1,353 Enterprise income tax payable 2,120 2,077 Taxes payable 3,534 3,430 A reconciliation of the income tax expense determined at the U.S. federal corporate income tax rate to the Company’s effective income tax expense is as follows: Year Ended December 31, 2021 2020 US$( 000) US$( 000) Pre-tax loss (2,511 ) (5,078 ) U.S. federal rate 21 % 21 % Income tax benefit computed at U.S. federal rate 527 1,066 Reconciling items: Rate differential for foreign earnings (131 ) 74 Preferential tax treatment effect - (205 ) Tax effect on non-taxable change in fair value of warrant liabilities 2,379 137 Tax effect enactment of new tax rate of a VIE 683 - Provision of valuation allowance on deferred tax assets (2,312 ) (917 ) Expired tax attribute carryforwards (1,358 ) (372 ) Tax effect on other non-deductible expenses/non-taxable income 35 74 Effective income tax expense (177 ) (143 ) For the years ended December 31, 2021 2020, Year Ended December 31, 2021 2020 US$( 000) US$( 000) Current - - Deferred (177 ) (143 ) Income tax expense (177 ) (143 ) The Company’s deferred tax assets at December 31, 2021 2020 As of December 31, 2021 2020 US$( 000) US$( 000) Tax effect of net operating losses carried forward 12,130 10,123 Operating lease cost 23 - Bad debts provision 559 728 Valuation allowance (12,271 ) (10,245 ) Total net deferred tax assets 441 606 The U.S. holding company has incurred aggregate net operating losses (NOLs) of approximately US$ 31.0 US$ 23.3 December 31, 2021 2020, December 31, 2017 2037. December 31, 2017 no December 31, 2017. not The NOLs carried forward incurred by the Company’s PRC subsidiaries and VIEs were approximately US$ 18.3 US$ 24.5 December 31, 2021 2020, 2026. The Company recorded approximately US$ 12.3 US$ 10.2 December 31, 2021 2020, not not For the years ended December 31, 2021 2020, US$ 2.31 US$ 0.92

Note 15 - Long-term Borrowing f

Note 15 - Long-term Borrowing from a Related Party	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Long-Term Borrowing from Director Disclosure [Text Block]	15. Long-term borrowing from a related party Long-term borrowing from a related party is a non-interest bearing loan from a related party of the Company relating to the original paid-in capital contribution in the Company’s wholly-owned subsidiary Rise King WFOE, which is not one

Note 16 - The Financing and War

Note 16 - The Financing and Warrant Liabilities	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Warrants Disclosure [Text Block]	16. The Financing and warrant liabilities The 2021 On February 18, 2021 ( US$3.59 “2021 US$3.59 “2021 2021 February 18, 2021 August 18, 2024 ( third one US$18.7 2021 The placement agent of the 2021 US$4.4875 “2021 2021 “2021 2021 August 18, 2021 ( six August 18, 2024 ( third one The initial exercise prices of the 2021 may 2021 2021 The 2021 may not 2021 may no not 61 st The 2020 On December 14, 2020 ( “2020 US$ 2.03 “2020 2020 June 14, 2020 ( six December 14, 2023 ( third 2020 The placement agent of the 2020 “2020 2020 “2020 The 2020 USS 2.03 may The 2020 may not may no 9.99% not 61 st Accounting for securities issued in the 2021 2020 the Financings ) The Company determined that the Company’s common stock issued in the Financings should be classified as permanent equity as there was no not The Company analyzed the 2021 2020 815 815, not not 815, Fair value of the warrants The Company used Binomial model to determine the fair value of the Warrants on their respective issuance dates, based on the assumptions summarized as below: As of February 18, 2021 2021 Investor Warrants 2021 Placement Agent Warrants 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 December 14, 2020 2020 Investor Warrants 2020 Placement Agent Warrants Stock price $ 1.25 $ 1.25 Years to maturity 3.00 3.00 Risk-free interest rate 0.17 % 0.17 % Dividend yield - - Expected volatility 164 % 164 % Exercise Price $ 2.03 $ 2.03 Fair value of the warrant $ 1.01 $ 1.01 Warrant liabilities (US$’000) $ 1,746 $ 305 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 respective contractual exercise price of the Warrants. Allocation of gross proceeds from the Financings The Company allocated the total proceeds from the Financings as summarized below: Initial measurement the 2021 Financing the 2020 Financing (USD 000) (USD 000) Investor Warrants 10,476 1,746 Common Stock (par value and additional paid in capital) 8,235 5,254 Total proceeds from the Financing 18,711 7,000 The respective Investor Warrants issued in the Financings was initially measurement at fair value. The residual amount, representing difference between the respective total proceeds from the Financings and the corresponding fair value of the Investor Warrants as of the Closing Date was assigned as the respective carrying value of the common stock issued in Financings. Offering costs of the Financings Offering costs of the 2021 US$3.05 US$1.31 US$0.29 2021 US$1.45 Offering costs of the 2020 US$ 1.06 US$ 0.49 US$ 0.26 US$ 0.31 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, Warrants issued in the 2021 2021 Investor Warrants 2021 Placement Agent Warrants December 31, 2021 December 31, 2021 Stock price $ 1.00 $ 1.00 Years to maturity 2.63 2.63 Risk-free interest rate 0.87 % 0.87 % Dividend yield - - Expected volatility 115 % 115 % Exercise Price $ 3.59 $ 4.4875 Fair value of the warrant $ 0.37 $ 0.36 Warrant liabilities (US$’000) $ 964 $ 132 Warrants issued in the 2020 2020 Investor Warrants 2020 Placement Agent Warrants December 31, 2021 December 31, 2020 December 31, 2021 December 31, 2020 Stock price $ 1.00 $ 1.35 $ 1.00 $ 1.35 Years to maturity 1.95 2.95 1.95 2.95 Risk-free interest rate 0.72 % 0.17 % 0.72 % 0.17 % Dividend yield - - - - Expected volatility 128 % 102 % 128 % 102 % Exercise Price $ 2.03 $ 2.03 $ 2.03 $ 2.03 Fair value of the warrant $ 0.46 $ 0.74 $ 0.49 $ 0.74 Warrant liabilities (US$’000) $ 795 $ 1,279 $ 148 $ 224 Warrants issued in the 2018 2018 Investor Warrants 2018 Placement Agent Warrants December 31, 2020 (1) December 31, 2019 July 2, 2021 (2) December 31, 2020 December 31, 2019 Stock price $ 1.17 $ 1.94 $ 1.35 $ 1.17 Years to maturity 0.55 0.04 0.05 1.05 Risk-free interest rate 1.58 % 0.05 % 0.08 % 1.57 % Dividend yield - - - - Expected volatility 60 % 75 % 59 % 80 % Exercise Price $ 1.4927* $ 1.4927* $ 1.4927* $ 1.4927* Fair value of the warrant $ 0.11 $ 0.45 $ 0.02 $ 0.28 Warrant liabilities (US$’000) $ 71 $ 58 $ 2 $ 36 * On September 25, 2019, first 2018 US$1.4927. ( 1 The investor warrants issued in the 2018 December 31, 2020. ( 2 The placement agent warrants issued in the 2018 July 2, 2021. 0.04 US$0.02 Changes in fair value of warrant liabilities For the year ended December 31, 2021 As of December 31, 2021 As of July 2, 2021 As of February 18, 2021 As of December 31, 2020 Change in Fair Value (Gain)/Loss (US$’000) (US$’000) (US$’000) (US$’000) (US$’000) Warrants issued in the 2021 Financing: --Investor warrants 964 * 10,476 * (9,512 ) --Placement agent warrants 132 * 1,445 * (1,313 ) Warrants issued in the 2020 Financing: --Investor warrants 795 * * 1,279 (484 ) --Placement agent warrants 148 * * 224 (76 ) Warrants issued in the 2018 Financing: --Investor warrants - * * - - --Placement agent warrants - 58 * 2 56 Warrant liabilities 2,039 1,505 (11,329 ) For the year ended December 31, 2020 As of December 31, 2020 As of December 14, 2020 As of December 31, 2019 Change in Fair Value (Gain)/Loss (US$’000) (US$’000) (US$’000) (US$’000) Warrants issued in the 2020 Financing: --Investor warrants 1,279 1,746 * (467 ) --Placement agent warrants 224 305 * (81 ) Warrants issued in the 2018 Financing: --Investor warrants - * 71 (71 ) --Placement agent warrants 2 * 36 (34 ) Warrant liabilities 1,505 107 (653 ) * Not Warrants issued and outstanding at December 31, 2021 two Warrant Outstanding Warrant Exercisable Number of underlying shares Weighted Weighted Number of underlying shares Weighted Weighted Balance, January 1, 2020 774,000 0.63 $ 1.4927 774,000 0.63 $ 1.4927 Issued/Vested 2,030,865 3.00 $ 2.03 - Expired (645,000 ) $ 1.4927 (645,000 ) $ 1.4927 Exercised - - Balance, December 31, 2020 2,159,865 2.78 $ 2.00 129,000 0.05 $ 1.4927 Issued/Vested 2,970,840 2.63 $ 3.70 5,001,705 2.36 $ 3.02 Expired - - Exercised (129,000 ) $ 1.4927 (129,000 ) $ 1,4927 Balance, December 31, 2021 5,001,705 2.36 $ 3.02 5,001,705 2.36 $ 3.02

Note 17 - Restricted Net Assets

Note 17 - Restricted Net Assets	12 Months Ended
	Dec. 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% of its annual after-tax profit to the general reserve until such reserve has reached 50% of its registered capital based on the enterprise’s PRC statutory accounts. Appropriations to the enterprise expansion fund and staff welfare and bonus fund are at the discretion of the board of directors. The aforementioned reserves can only be used for specific purposes and are not 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 December 31, 2021 2020, US$13.2 US$8.2 The current PRC Enterprise Income Tax (“EIT”) Law also imposes a 10% withholding income tax for dividends distributed by a foreign invested enterprise to its immediate holding company outside mainland China. A lower withholding tax rate will be applied if there is a tax treaty arrangement between mainland China and the jurisdiction of the foreign holding company. 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: ● Foreign Exchange Administration Rules ( 1996 August 2008, ● 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 converting 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	12 Months Ended
	Dec. 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 and VIEs 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$ 0.22 US$ 0.11 December 31, 2021 2020,

Note 19 - Concentration of Risk

Note 19 - Concentration of Risk	12 Months Ended
	Dec. 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 December 31, 2021, Risk arising from operations in foreign countries Substantially all of the Company’s operations are conducted within the PRC. The Company’s operations in the PRC are subject to various political, economic, and other risks and uncertainties inherent in the PRC. Among other risks, the Company’s operations in the PRC are subject to the risks of restrictions on transfer of funds, changing taxation policies, foreign exchange restrictions; and political conditions and governmental regulations. Currency convertibility risk Significant part of the Company’s businesses is transacted in RMB, which is not may Concentration of customers The following tables summarized the information about the Company’s concentration of customers for the years ended December 31, 2021 2020, Customer A Customer B Customer C Customer D Customer E Customer F Year Ended December 31, 2021 Revenues, customer concentration risk * * * * - - Year Ended December 31, 2020 Revenues, customer concentration risk * * * - * * As of December 31, 2021 Accounts receivable, customer concentration risk 33% 32% 19% 11% - - As of December 31, 2020 Accounts receivable, customer concentration risk * 28% - - 27% 21% * Less than 10%. - No Concentration of supplier The following tables summarized the information about the Company’s concentration of suppliers for the years ended December 31, 2021 2020, Supplier A Supplier B Year Ended December 31, 2021 Cost of revenues, supplier concentration risk 73% * Year Ended December 31, 2020 Cost of revenues, supplier concentration risk - 78% * Less than 10%. - No

Note 20 - Commitments and Conti

Note 20 - Commitments and Contingencies	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	20. Commitments and contingencies In September 2021, RMB5.0 US$ 0.78 November 2021, first RMB2.0 US$0.31 June 30, 2022. The Company is currently not not may

Note 21 - Segment Reporting

Note 21 - Segment Reporting	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	21. Segment reporting The Company follows ASC Topic 280 For the Year Ended December 31, 2021 Internet Ad. and data service Ecommerce Blockchain technology Corporate Inter- segment and reconciling item Total US$(’000) US$(’000) US$(’000) US$(’000) US$(’000) US$(’000) Revenues 46,666 662 - - - 47,328 Cost of revenues 45,730 1,500 - - - 47,230 Total operating expenses 1,423 2,529 2 9,734 (1) - 13,688 Depreciation and amortization expense included in total operating expenses 313 300 1 18 - 632 Loss from operations (487 ) (3,367 ) (2 ) (9,734 ) - (13,590 ) Change in fair value of warrant liabilities - - - 11,329 - 11,329 Net (loss)/income (309 ) (3,366 ) (3 ) 990 - (2,688 ) Expenditure for long-term assets 1,214 - - 280 - 1,494 Total assets-December 31, 2021 12,150 2,236 4,414 44,328 (30,497 ) 32,631 ( 1 Including approximately US$ 7.03 For the Year Ended December 31, 2020 Internet Ad. and data service Ecommerce Blockchain technology Corporate Inter- segment and reconciling item Total US$(’000) US$(’000) US$(’000) US$(’000) US$(’000) US$(’000) Revenues 35,618 1,545 - 1,245 - 38,408 Cost of revenues 35,700 1,500 - 576 - 37,776 Total operating expenses 2,752 45 5 3,531 (1) - 6,333 Depreciation and amortization expense included in total operating expenses 825 25 2 4 - 856 Loss from operations (2,834 ) - (5 ) (2,862 ) - (5,701 ) Change in fair value of warrant liabilities - - - 653 - 653 Net loss (3,071 ) - (6 ) (2,144 ) - (5,221 ) Expenditure for long-term assets - 1,500 503 - - 2,003 Total assets-December 31, 2020 8,310 3,206 4,409 27,766 (23,024 ) 20,667 ( 1 Including approximately US$ 2.15

Note 22 - Loss Per Share

Note 22 - Loss Per Share	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Earnings Per Share [Text Block]	22. Loss per share Basic and diluted loss per share for each of the years presented is calculated as follows (All amounts, except number of shares and per share data, are presented in thousands of U.S. dollars): Year Ended December 31, 2021 2020 US$( 000) US$( 000) Net loss attributable to ZW Data Action Technologies Inc. (numerator for basic and diluted loss per share) $ (2,754 ) $ (5,216 ) Weighted average number of common shares outstanding – Basic and diluted 33,048,921 21,602,107 Loss per share -Basic and diluted $ (0.08 ) $ (0.24 ) For the years ended December 31, 2021 2020, not

Note 23 - Share-based Compensat

Note 23 - Share-based Compensation Expenses	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Share-based Payment Arrangement [Text Block]	23. Share-based compensation expenses In May 2021, US$1.67 US$6.66 December 31, 2021. For each of the year ended December 31, 2021 2020, 0.03 one December 31, 2021 2020 US$3.13 US$1.11 US$ 0.09 US$ 0.03 December 31, 2021 2020, In February 2020, 1.60 US$ 1.18 US$ 1.89 December 31, 2020. In March 2020, 0.43 two February 2022. not US$ 1.11 US$ 0.48 December 31, 2021 2020 US$ 0.24 US$ 0.20 In August 2020, 0.05 one July 2021. not US$ 1.36 US$0.07 December 31, 2021 2020 US$0.04 US$ 0.03 The table below summarized share-based compensation expenses recorded for the years ended December 31, 2021 2020, Year Ended December 31, 2021 2020 US$( 000) US$( 000) Sales and marketing expenses - 122 General and administrative expenses 7,028 1,884 Research and development expenses - 146 Total 7,028 2,152 The aggregate unrecognized share-based compensation expenses as of December 31, 2021 US$ 0.04 December 31, 2022. Options issued and outstanding at December 31, 2021 two Option Outstanding Option Exercisable Number of underlying shares Weighted Weighted Number of underlying shares Weighted Weighted Balance, January 1, 2020 755,216 1.15 $ 2.43 755,216 1.15 $ 2.43 Granted/Vested - - Exercised - - Expired (477,240 ) $ 2.10 (477,240 ) $ 2.10 Balance, December 31, 2020 277,976 0.91 $ 3.00 277,976 0.91 $ 3.00 Granted/Vested - - Exercised - - Expired (277,976 ) $ 3.00 (277,976 ) $ 3.00 Balance, December 31, 2021 - -

Note 24 - Subsequent Events

Note 24 - Subsequent Events	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Subsequent Events [Text Block]	24. Subsequent events In January 2022, US$ 2.50 May 5, 2022. In March 2022, two December 31, 2022. US$ 0.06 The Company primarily conducts its operations in the PRC. In January 2020, 19 first 2020. 19 19 19 may may 19 second 2020, 19 February 2022, no 19

Note 1 - Organization and Nat_2

Note 1 - Organization and Nature of Operations (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Consolidated Subsidiaries and VIEs [Table Text Block]	Name of the subsidiary or VIE Place and date of incorporation Percentage of ownership Principal activities China Net Online Media Group Limited (“China Net BVI”) (1) British Virgin Islands August 13, 2007 100% Investment holding company CNET Online Technology Co. Limited (“China Net HK”) (1) Hong Kong, PRC September 4, 2007 100% Investment holding company ChinaNet Investment Holding Ltd. (“ChinaNet Investment BVI”) (1) British Virgin Islands January 12, 2015 100% Investment holding company Grandon Investments Limited (“Grandon BVI”) (1) British Virgin Islands February 13, 2006 100% Investment holding company, providing e-commerce advertising services and technical services Winner Glory Limited (1) Hong Kong, PRC August 12, 2020 100% Investment holding company, providing e-commerce advertising services and technical services Rise King Century Technology Development (Beijing) Co., Ltd. (“Rise King WFOE”) (1) PRC January 17, 2008 100% Investment holding company, providing advertising, marketing and related services ChinaNet Online Holdings Co., Ltd. (“ChinaNet Online Holdings”) (1) PRC August 31, 2015 100% Investment holding company Business Opportunity Online (Beijing) Network Technology Co., Ltd. (“Business Opportunity Online”) (2) PRC December 8, 2004 100% Providing online advertising, precision marketing and the related data services Beijing CNET Online Advertising Co., Ltd. (“Beijing CNET” Online) (2) PRC January 27, 2003 100% Providing advertising, marketing and related value-added services Beijing Chuang Fu Tian Xia Network Technology Co., Ltd. (“Beijing Chuang Fu Tian Xia”) (2) PRC March 1, 2011 100% Providing online advertising, precision marketing and the related data services Business Opportunity Online (Hubei) Network Technology Co., Ltd. (“Business Opportunity Online Hubei”) (2) PRC January 28, 2011 100% Providing online advertising, precision marketing and the related data services Beijing Chuang Shi Xin Qi Advertising Media Co., Ltd. (“Beijing Chuang Shi Xin Qi”) (2) PRC April 16, 2014 100% Providing online advertising, precision marketing and the related data services Beijing Hong Da Shi Xing Network Technology Co., Ltd. (“Beijing Hong Da Shi Xing”) (2) PRC April 16, 2014 100% Providing online advertising, precision marketing and the related data services ChinaNet Online (Guangdong) Technology Co., Ltd. (“ChinaNet Online Guangdong Technology”) (2) PRC May 26, 2020 100% Developing and operating blockchain technology-based products and services, and other related value-added services ChinaNet Online (Guangdong) Holdings Co., Ltd. (“ChinaNet Online Guangdong Holdings”) (1) PRC May 12, 2021 100% Investment holding company, providing strategic corporation management services

Note 2 - Variable Interest En_2

Note 2 - Variable Interest Entities (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Variable Interest Entities [Table Text Block]	As of December 31, 2021 2020 US$( 000) US$( 000) Assets Current assets: Cash and cash equivalents $ 181 $ 277 Accounts receivable, net 2,796 1,142 Prepayment and deposit to suppliers 5,287 2,818 Due from related parties 90 61 Other current assets 4 10 Total current assets 8,358 4,308 Long-term investments 496 67 Operating lease right-of-use assets 21 48 Property and equipment, net 168 32 Intangible assets, net - 9 Deferred tax assets 441 536 Total Assets $ 9,484 $ 5,000 Liabilities Current liabilities: Accounts payable $ 1,119 $ 270 Advances from customers 1,113 1,436 Accrued payroll and other accruals 83 168 Taxes payable 2,849 2,755 Operating lease liabilities 9 18 Lease payment liabilities related to short-term leases 110 108 Other current liabilities 53 213 Total current liabilities 5,336 4,968 Operating lease liabilities-Non current 10 32 Total Liabilities $ 5,346 $ 5,000
Financial Performance of VIEs [Table Text Block]	Year Ended December 31, 2021 2020 US$( 000) US$( 000) Revenues $ 42,136 $ 34,418 Cost of revenues 45,730 34,637 Total operating expenses 1,409 1,723 Net loss before allocation to noncontrolling interests 5,182 2,180

Note 3 - Summary of Significa_2

Note 3 - Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Foreign Currency Exchange Rates [Table Text Block]	As of December 31, 2021 2020 Balance sheet items, except for equity accounts 6.3757 6.5249 Year Ended December 31, 2021 2020 Items in the statements of operations and comprehensive loss 6.4515 6.8976
Property, Plant and Equipment, Useful Life [Table Text Block]	Leasehold improvements (years) 3 Vehicles (years) 5 Office equipment (years) 3 - 5 Electronic devices (years) 5
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]	Fair value measurement at reporting date using As of December 31, 2021 Quoted Prices in Active Markets for Identical Assets/Liabilities (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) US$( 000) US$( 000) US$( 000) US$( 000) Warrant liabilities 2,039 - - 2,039 Fair value measurement at reporting date using As of December 31, 2020 Quoted Prices in Active Markets for Identical Assets/Liabilities (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) US$( 000) US$( 000) US$( 000) US$( 000) Warrant liabilities 1,505 - - 1,505
Disaggregation of Revenue [Table Text Block]	Year Ended December 31, 2021 2020 US$( 000) US$( 000) Internet advertising and related service --distribution of the right to use search engine marketing service 39,224 25,997 --online advertising placements 7,442 8,421 --data and technical services - 1,200 Ecommerce O2O advertising and marketing services 662 1,545 Technical solution services - 1,245 Total revenues $ 47,328 $ 38,408 Year Ended December 31, 2021 2020 US$( 000) US$( 000) Revenue recognized over time 47,328 37,163 Revenue recognized at a point in time - 1,245 Total revenues $ 47,328 $ 38,408
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]	Contract liabilities US$( 000) Balance as of January 1, 2020 2,006 Exchange translation adjustment 139 Revenue recognized from beginning contract liability balance (2,032 ) Advances received from customers related to unsatisfied performance obligations 1,323 Balance as of December 31, 2020 1,436 Exchange translation adjustment 34 Revenue recognized from beginning contract liability balance (1,390 ) Advances received from customers related to unsatisfied performance obligations 1,165 Balance as of December 31, 2021 1,245
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	Operating leases US$( 000) Year ending December 31, -2022 320 -2023 335 -2024 342 -2025 359 -2026 377 -thereafter 881 Total undiscounted lease payments 2,614 Less: imputed interest (505 ) Operating lease liabilities as of December 31, 2021 $ 2,109 Including: Operating lease liabilities 202 Operating lease liabilities-Non current 1,907 $ 2,109
Lease, Cost [Table Text Block]	Year Ended December 31, 2021 2020 US$( 000) US$( 000) Long-term operating lease contracts 302 14 Short-term operating lease contracts 60 138 Total 362 152 2021 2020 Operating cash flows used for operating leases (US$’000) 210 9 Right-of-use assets obtained in exchange for new lease liabilities (US$’000) 2,186 47 Weighted-average remaining lease term (years) 7.12 2.75 Weighted-average discount rate 6 % 6 %

Note 4 - Accounts Receivable,_2

Note 4 - Accounts Receivable, Net (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Accounts Receivable [Table Text Block]	As of December 31, 2021 2020 US$( 000) US$( 000) Accounts receivable 5,675 6,654 Allowance for doubtful accounts (2,236 ) (4,247 ) Accounts receivable, net 3,439 2,407

Note 5 - Prepayments and Depo_2

Note 5 - Prepayments and Deposit to Suppliers (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Prepayments and Deposit to Suppliers [Table Text Block]	As of December 31, 2021 2020 US$( 000) US$( 000) Deposits to advertising resources providers 934 307 Prepayments to advertising resources providers 5,185 3,696 Deposit and prepayment for other investing contracts 1,000 - Other deposits and prepayments 440 654 7,559 4,657

Note 6 - Due From Related Par_2

Note 6 - Due From Related Parties (Tables)	12 Months Ended
	Dec. 31, 2021
Due From Related Parties [Member]
Notes Tables
Schedule of Related Party Transactions [Table Text Block]	As of December 31, 2021 2020 US$( 000) US$( 000) Zhongwang Xiyue Technology (Beijing) Co., Ltd. (“Zhongwang Xiyue”) 62 61 Guangzhou Gong Xiang Technology Co., Ltd. (“Gong Xiang Technology”) 28 - Due from related parties 90 61

Note 8 - Long-term Investments

Note 8 - Long-term Investments (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Other Investments Not Readily Marketable [Table Text Block]	Amount US$( 000) Balance as of January 1, 2019 35 Exchange translation adjustment - Cash investments during the year 32 Balance as of December 31, 2020 67 Exchange translation adjustment 1 Cash investments during the year 2,250 Investments disposed during the year (38 ) Balance as of December 31, 2021 2,280

Note 9 - Property and Equipme_2

Note 9 - Property and Equipment, Net (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Property and Equipment [Table Text Block]	As of December 31, 2021 2020 US$( 000) US$( 000) Vehicles 933 811 Office equipment 944 894 Electronic devices 629 615 Leasehold improvement 202 - Property and equipment, cost 2,708 2,320 Less: accumulated depreciation (2,333 ) (2,260 ) Property and equipment, net 375 60

Note 10 - Intangible Assets, _2

Note 10 - Intangible Assets, Net (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Finite and Indefinite-Lived Intangible Assets [Table Text Block]	As of December 31, 2021 Items Gross Carrying Value Accumulated Amortization Impairment Net Carrying Value US$( 000) US$( 000) US$( 000) US$( 000) Intangible assets subject to amortization: -- 10 Cloud compute software technology 1,456 (1,010 ) (446 ) - Licensed products use right 1,205 (255 ) - 950 -- 5 Internet Ad tracking system 1,158 (174 ) - 984 Live streaming technology 1,500 (325 ) - 1,175 -- 3 Blockchain integrated framework platform 4,038 - - 4,038 Bo!News application 376 - - 376 Other computer software 123 (123 ) - - Total $ 9,856 $ (1,887 ) $ (446 ) $ 7,523 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: -- 10 Cloud compute software technology 1,423 (978 ) (436 ) 9 Licensed products use right 1,208 (135 ) - 1,073 -- 5 Live streaming technology 1,500 (25 ) - 1,475 -- 3 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)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	As of December 31, 2021 2020 US$( 000) US$( 000) Accrued payroll and staff welfare 142 229 Accrued operating expenses 247 260 389 489

Note 14 - Taxation (Tables)

Note 14 - Taxation (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule Of Taxes Payable [Table Text Block]	As of December 31, 2021 2020 US$( 000) US$( 000) Turnover tax and surcharge payable 1,414 1,353 Enterprise income tax payable 2,120 2,077 Taxes payable 3,534 3,430
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Year Ended December 31, 2021 2020 US$( 000) US$( 000) Pre-tax loss (2,511 ) (5,078 ) U.S. federal rate 21 % 21 % Income tax benefit computed at U.S. federal rate 527 1,066 Reconciling items: Rate differential for foreign earnings (131 ) 74 Preferential tax treatment effect - (205 ) Tax effect on non-taxable change in fair value of warrant liabilities 2,379 137 Tax effect enactment of new tax rate of a VIE 683 - Provision of valuation allowance on deferred tax assets (2,312 ) (917 ) Expired tax attribute carryforwards (1,358 ) (372 ) Tax effect on other non-deductible expenses/non-taxable income 35 74 Effective income tax expense (177 ) (143 )
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	Year Ended December 31, 2021 2020 US$( 000) US$( 000) Current - - Deferred (177 ) (143 ) Income tax expense (177 ) (143 )
Schedule Of Deferred Tax Assets [Table Text Block]	As of December 31, 2021 2020 US$( 000) US$( 000) Tax effect of net operating losses carried forward 12,130 10,123 Operating lease cost 23 - Bad debts provision 559 728 Valuation allowance (12,271 ) (10,245 ) Total net deferred tax assets 441 606

Note 16 - The Financing and W_2

Note 16 - The Financing and Warrant Liabilities (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Allocation of Proceeds from Issuance of Equity [Table Text Block]	Initial measurement the 2021 Financing the 2020 Financing (USD 000) (USD 000) Investor Warrants 10,476 1,746 Common Stock (par value and additional paid in capital) 8,235 5,254 Total proceeds from the Financing 18,711 7,000
Schedule of Warrant Liabilities [Table Text Block]	As of December 31, 2021 As of July 2, 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) (US$’000) Warrants issued in the 2021 Financing: --Investor warrants 964 * 10,476 * (9,512 ) --Placement agent warrants 132 * 1,445 * (1,313 ) Warrants issued in the 2020 Financing: --Investor warrants 795 * * 1,279 (484 ) --Placement agent warrants 148 * * 224 (76 ) Warrants issued in the 2018 Financing: --Investor warrants - * * - - --Placement agent warrants - 58 * 2 56 Warrant liabilities 2,039 1,505 (11,329 ) As of December 31, 2020 As of December 14, 2020 As of December 31, 2019 Change in Fair Value (Gain)/Loss (US$’000) (US$’000) (US$’000) (US$’000) Warrants issued in the 2020 Financing: --Investor warrants 1,279 1,746 * (467 ) --Placement agent warrants 224 305 * (81 ) Warrants issued in the 2018 Financing: --Investor warrants - * 71 (71 ) --Placement agent warrants 2 * 36 (34 ) Warrant liabilities 1,505 107 (653 )
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, 2020 774,000 0.63 $ 1.4927 774,000 0.63 $ 1.4927 Issued/Vested 2,030,865 3.00 $ 2.03 - Expired (645,000 ) $ 1.4927 (645,000 ) $ 1.4927 Exercised - - Balance, December 31, 2020 2,159,865 2.78 $ 2.00 129,000 0.05 $ 1.4927 Issued/Vested 2,970,840 2.63 $ 3.70 5,001,705 2.36 $ 3.02 Expired - - Exercised (129,000 ) $ 1.4927 (129,000 ) $ 1,4927 Balance, December 31, 2021 5,001,705 2.36 $ 3.02 5,001,705 2.36 $ 3.02
Warrant [Member]
Notes Tables
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]	As of February 18, 2021 2021 Investor Warrants 2021 Placement Agent Warrants 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 December 14, 2020 2020 Investor Warrants 2020 Placement Agent Warrants Stock price $ 1.25 $ 1.25 Years to maturity 3.00 3.00 Risk-free interest rate 0.17 % 0.17 % Dividend yield - - Expected volatility 164 % 164 % Exercise Price $ 2.03 $ 2.03 Fair value of the warrant $ 1.01 $ 1.01 Warrant liabilities (US$’000) $ 1,746 $ 305 2021 Investor Warrants 2021 Placement Agent Warrants December 31, 2021 December 31, 2021 Stock price $ 1.00 $ 1.00 Years to maturity 2.63 2.63 Risk-free interest rate 0.87 % 0.87 % Dividend yield - - Expected volatility 115 % 115 % Exercise Price $ 3.59 $ 4.4875 Fair value of the warrant $ 0.37 $ 0.36 Warrant liabilities (US$’000) $ 964 $ 132 2020 Investor Warrants 2020 Placement Agent Warrants December 31, 2021 December 31, 2020 December 31, 2021 December 31, 2020 Stock price $ 1.00 $ 1.35 $ 1.00 $ 1.35 Years to maturity 1.95 2.95 1.95 2.95 Risk-free interest rate 0.72 % 0.17 % 0.72 % 0.17 % Dividend yield - - - - Expected volatility 128 % 102 % 128 % 102 % Exercise Price $ 2.03 $ 2.03 $ 2.03 $ 2.03 Fair value of the warrant $ 0.46 $ 0.74 $ 0.49 $ 0.74 Warrant liabilities (US$’000) $ 795 $ 1,279 $ 148 $ 224 2018 Investor Warrants 2018 Placement Agent Warrants December 31, 2020 (1) December 31, 2019 July 2, 2021 (2) December 31, 2020 December 31, 2019 Stock price $ 1.17 $ 1.94 $ 1.35 $ 1.17 Years to maturity 0.55 0.04 0.05 1.05 Risk-free interest rate 1.58 % 0.05 % 0.08 % 1.57 % Dividend yield - - - - Expected volatility 60 % 75 % 59 % 80 % Exercise Price $ 1.4927* $ 1.4927* $ 1.4927* $ 1.4927* Fair value of the warrant $ 0.11 $ 0.45 $ 0.02 $ 0.28 Warrant liabilities (US$’000) $ 71 $ 58 $ 2 $ 36

Note 19 - Concentration of Ri_2

Note 19 - Concentration of Risk (Tables)	12 Months Ended
	Dec. 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 Year Ended December 31, 2021 Revenues, customer concentration risk * * * * - - Year Ended December 31, 2020 Revenues, customer concentration risk * * * - * * As of December 31, 2021 Accounts receivable, customer concentration risk 33% 32% 19% 11% - - As of December 31, 2020 Accounts receivable, customer concentration risk * 28% - - 27% 21% Supplier A Supplier B Year Ended December 31, 2021 Cost of revenues, supplier concentration risk 73% * Year Ended December 31, 2020 Cost of revenues, supplier concentration risk - 78%

Note 21 - Segment Reporting (Ta

Note 21 - Segment Reporting (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Internet Ad. and data service Ecommerce Blockchain technology Corporate Inter- segment and reconciling item Total US$(’000) US$(’000) US$(’000) US$(’000) US$(’000) US$(’000) Revenues 46,666 662 - - - 47,328 Cost of revenues 45,730 1,500 - - - 47,230 Total operating expenses 1,423 2,529 2 9,734 (1) - 13,688 Depreciation and amortization expense included in total operating expenses 313 300 1 18 - 632 Loss from operations (487 ) (3,367 ) (2 ) (9,734 ) - (13,590 ) Change in fair value of warrant liabilities - - - 11,329 - 11,329 Net (loss)/income (309 ) (3,366 ) (3 ) 990 - (2,688 ) Expenditure for long-term assets 1,214 - - 280 - 1,494 Total assets-December 31, 2021 12,150 2,236 4,414 44,328 (30,497 ) 32,631 Internet Ad. and data service Ecommerce Blockchain technology Corporate Inter- segment and reconciling item Total US$(’000) US$(’000) US$(’000) US$(’000) US$(’000) US$(’000) Revenues 35,618 1,545 - 1,245 - 38,408 Cost of revenues 35,700 1,500 - 576 - 37,776 Total operating expenses 2,752 45 5 3,531 (1) - 6,333 Depreciation and amortization expense included in total operating expenses 825 25 2 4 - 856 Loss from operations (2,834 ) - (5 ) (2,862 ) - (5,701 ) Change in fair value of warrant liabilities - - - 653 - 653 Net loss (3,071 ) - (6 ) (2,144 ) - (5,221 ) Expenditure for long-term assets - 1,500 503 - - 2,003 Total assets-December 31, 2020 8,310 3,206 4,409 27,766 (23,024 ) 20,667

Note 22 - Loss Per Share (Table

Note 22 - Loss Per Share (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Year Ended December 31, 2021 2020 US$( 000) US$( 000) Net loss attributable to ZW Data Action Technologies Inc. (numerator for basic and diluted loss per share) $ (2,754 ) $ (5,216 ) Weighted average number of common shares outstanding – Basic and diluted 33,048,921 21,602,107 Loss per share -Basic and diluted $ (0.08 ) $ (0.24 )

Note 23 - Share-based Compens_2

Note 23 - Share-based Compensation Expenses (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]	Year Ended December 31, 2021 2020 US$( 000) US$( 000) Sales and marketing expenses - 122 General and administrative expenses 7,028 1,884 Research and development expenses - 146 Total 7,028 2,152
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, 2020 755,216 1.15 $ 2.43 755,216 1.15 $ 2.43 Granted/Vested - - Exercised - - Expired (477,240 ) $ 2.10 (477,240 ) $ 2.10 Balance, December 31, 2020 277,976 0.91 $ 3.00 277,976 0.91 $ 3.00 Granted/Vested - - Exercised - - Expired (277,976 ) $ 3.00 (277,976 ) $ 3.00 Balance, December 31, 2021 - -

Note 1 - Organization and Nat_3

Note 1 - Organization and Nature of Operations - Consolidated Subsidiaries and VIEs (Details)	12 Months Ended
	Dec. 31, 2021
Business Opportunity Online [Member]
VIE, percentage of ownership	100.00%	[1]
Beijing CNET Online [Member]
VIE, percentage of ownership	100.00%	[1]
Beijing Chuang Fu Tian Xia [Member]
VIE, percentage of ownership	100.00%	[1]
Business Opportunity Online Hubei [Member]
VIE, percentage of ownership	100.00%	[1]
Beijing Chuang Shi Xin Qi [Member]
VIE, percentage of ownership	100.00%	[1]
Beijing Hong Da Shi Xing [Member]
VIE, percentage of ownership	100.00%	[1]
ChinaNet Online Guangdong [Member]
VIE, percentage of ownership	100.00%	[1]
ChinaNet BVI [Member]
Consolidated subsidiaries, percentage of ownership	100.00%	[2]
Winner Glory HK [Member]
Consolidated subsidiaries, percentage of ownership	100.00%
China Net HK [Member]
Consolidated subsidiaries, percentage of ownership	100.00%	[2]
Rise King WFOE [Member]
Consolidated subsidiaries, percentage of ownership	100.00%	[2]
ChinaNet Investment BVI [Member]
Consolidated subsidiaries, percentage of ownership	100.00%	[2]
ChinaNet Online PRC [Member]
Consolidated subsidiaries, percentage of ownership	100.00%	[2]
ChinaNet Online Holdings Co. [Member]
Consolidated subsidiaries, percentage of ownership	100.00%	[2]
[1]	The Company's consolidated VIE, or a direct or indirect subsidiary of the Company's consolidated VIE.
[2]	A direct or indirect subsidiary of the Company.

Note 2 - Variable Interest En_3

Note 2 - Variable Interest Entities - Consolidated VIEs' Assets and Liabilities (Details) - USD ($) $ in Thousands		Dec. 31, 2021	Dec. 31, 2020
Cash and cash equivalents		$ 7,173	$ 4,297
Accounts receivable, net		3,439	2,407
Prepayment and deposit to suppliers		7,559	4,657
Due from Related Parties, Current, Total		90	61
Other current assets		1,657	1,462
Total current assets		19,918	12,884
Long-term investments		2,280	67
Operating Lease, Right-of-Use Asset		2,019	48
Property and equipment, net *		375	60
Intangible assets, net		7,523	2,557
Deferred tax assets		441	606
Total Assets		32,631	20,667
Accounts payable		1,119	608
Advances from customers		1,245	1,436
Accrued payroll and other accruals		389	489
Taxes payable		3,534	3,430
Operating lease liabilities		202	18
Short-term Lease Liability		152	203
Other current liabilities		141	333
Total current liabilities		8,821	8,022
Operating lease liabilities-Non current	[1]	1,907	32
Total Liabilities		10,865	8,188
Variable Interest Entity, Primary Beneficiary [Member]
Cash and cash equivalents		181	277
Accounts receivable, net		2,796	1,142
Prepayment and deposit to suppliers		5,287	2,818
Due from Related Parties, Current, Total		90	61
Other current assets		4	10
Total current assets		8,358	4,308
Long-term investments		496	67
Operating Lease, Right-of-Use Asset		21	48
Property and equipment, net *		168	32
Intangible assets, net		0	9
Deferred tax assets		441	536
Total Assets		9,484	5,000
Accounts payable		1,119	270
Advances from customers		1,113	1,436
Accrued payroll and other accruals		83	168
Taxes payable		2,849	2,755
Operating lease liabilities		9	18
Short-term Lease Liability		110	108
Other current liabilities		53	213
Total current liabilities		5,336	4,968
Operating lease liabilities-Non current		10	32
Total Liabilities		$ 5,346	$ 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	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Revenues	$ 47,328	$ 38,408
Cost of revenues	47,230	37,776
Total operating expenses	13,688	6,333
Net loss before allocation to noncontrolling interests	(2,688)	(5,221)
Variable Interest Entity, Primary Beneficiary [Member]
Revenues	42,136	34,418
Cost of revenues	45,730	34,637
Total operating expenses	1,409	1,723
Net loss before allocation to noncontrolling interests	$ 5,182	$ 2,180

Note 3 - Summary of Significa_3

Note 3 - Summary of Significant Accounting Policies (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Accounts Receivable, Allowance for Credit Loss, Ending Balance	$ 0	$ 830
Accounts Receivable, Allowance for Credit Loss, Writeoff	$ 2,090
Finite-Lived Intangible Asset, Useful Life (Year)	3 years 11 months 1 day
Asset Impairment Charges, Total	$ 0	0
Contract with Customer, Performance Obligation Satisfied in Previous Period	0	0
Contract with Customer, Asset, after Allowance for Credit Loss, Total	0
Research and Development Expense, Total	326	539
Short-term Lease Liability	152	203
Operating Lease, Right-of-Use Asset	2,019	48
Operating Lease, Liability, Total	2,109
Other Current Assets [Member]
Operating Lease, Right-of-Use Asset	2,020	50
Other Current Liabilities [Member]
Operating Lease, Liability, Total	$ 2,110	$ 50
Minimum [Member] | Long Term Loan, Business Entities, Collateralized Basis [Member]
Debt Instrument, Term (Year)	1 year
Maximum [Member] | Long Term Loan, Business Entities, Collateralized Basis [Member]
Debt Instrument, Term (Year)	5 years
Purchased Software and Software Platform [Member] | Minimum [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	3 years
Purchased Software and Software Platform [Member] | Maximum [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	10 years

Note 3 - Summary of Significa_4

Note 3 - Summary of Significant Accounting Policies - Exchange Rates Used to Translate Amounts In RMB Into US$ (Details)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Balance sheet items, except for equity accounts	6.3757	6.5249
Items in the statements of operations and comprehensive loss	6.4515	6.8976

Note 3 - Summary of Significa_5

Note 3 - Summary of Significant Accounting Policies - Estimated Useful Lives of Property, Plant, and Equipment (Details)	12 Months Ended
	Dec. 31, 2021
Leasehold Improvements [Member]
Property and equipment, useful life (Year)	3 years
Vehicles [Member]
Property and equipment, useful life (Year)	5 years
Office Equipment [Member] | Minimum [Member]
Property and equipment, useful life (Year)	3 years
Office Equipment [Member] | Maximum [Member]
Property and equipment, useful life (Year)	5 years
Electronic Devices [Member]
Property and equipment, useful life (Year)	5 years

Note 3 - Summary of Significa_6

Note 3 - Summary of Significant Accounting Policies - Summary of Assets and Liabilities Measured at Fair Value on a Recurring and Nonrecurring Basis (Details) - Fair Value, Recurring [Member] - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Warrant liabilities	$ 2,039	$ 1,505
Fair Value, Inputs, Level 3 [Member]
Warrant liabilities	$ 2,039
Fair Value, Inputs, Level 2 [Member]
Warrant liabilities		$ 1,505

Note 3 - Summary of Significa_7

Note 3 - Summary of Significant Accounting Policies - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Revenues	$ 47,328	$ 38,408
Search Engine Marketing and Data Service [Member]
Revenues	39,224	25,997
Online Advertising Placement [Member]
Revenues	7,442	8,421
Data and Technical Services [Member]
Revenues	0	1,200
Offline Advertising and Marketing Services [Member]
Revenues	662	1,545
Technical Solution Services [Member]
Revenues	0	1,245
Transferred over Time [Member]
Revenues	47,328	37,163
Transferred at Point in Time [Member]
Revenues	$ 0	$ 1,245

Note 3 - Summary of Significa_8

Note 3 - Summary of Significant Accounting Policies - Contract liabilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Balance	$ 1,436	$ 2,006
Exchange translation adjustment	34	139
Revenue recognized from beginning contract liability balance	(1,390)	(2,032)
Advances received from customers related to unsatisfied performance obligations	1,165	1,323
Balance	$ 1,245	$ 1,436

Note 3 - Summary of Significa_9

Note 3 - Summary of Significant Accounting Policies - Maturity of Operating Lease Liabilities (Details) - USD ($) $ in Thousands		Dec. 31, 2021	Dec. 31, 2020
-2022		$ 320
-2023		335
-2024		342
-2025		359
-2026		377
-thereafter		881
Total undiscounted lease payments		2,614
Less: imputed interest		(505)
Operating lease liabilities as of December 31, 2021		2,109
Operating lease liabilities		202	$ 18
Operating lease liabilities-Non current	[1]	1,907	$ 32
Operating Lease, Liability, Total		$ 2,109
[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 Signific_10

Note 3 - Summary of Significant Accounting Policies - Operating Lease Expenses and Supplemental Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Long-term operating lease contracts	$ 302	$ 14
Short-term operating lease contracts	60	138
Total	362	152
Operating cash flows used for operating leases (US$’000)	210	9
Right-of-use assets obtained in exchange for new lease liabilities (US$’000)	$ 2,186	$ 47
Weighted-average remaining lease term (Year)	7 years 1 month 13 days	2 years 9 months
Weighted-average discount rate	6.00%	6.00%

Note 4 - Accounts Receivable,_3

Note 4 - Accounts Receivable, Net (Details Textual) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2021	Dec. 31, 2021	Dec. 31, 2020
Accounts Receivable, Allowance for Credit Loss, Current		$ 2,236	$ 4,247
Accounts Receivable, Credit Loss Expense (Reversal)		0	833
Accounts Receivable, Allowance for Credit Loss, Writeoff		2,090
Internet Advertising and TV Advertising [Member]
Accounts Receivable, Allowance for Credit Loss, Current		2,240	4,250
Number of Months Past Due (Month)	6 months
Accounts Receivable, Credit Loss Expense (Reversal)		830	$ 830
Accounts Receivable, Allowance for Credit Loss, Writeoff		$ 2,090

Note 4 - Accounts Receivable,_4

Note 4 - Accounts Receivable, Net - Accounts Receivable, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Accounts receivable	$ 5,675	$ 6,654
Allowance for doubtful accounts	(2,236)	(4,247)
Accounts receivable, net	$ 3,439	$ 2,407

Note 5 - Prepayments and Depo_3

Note 5 - Prepayments and Deposit to Suppliers (Details Textual) $ in Millions	12 Months Ended
	Dec. 31, 2021USD ($)
Cryptocurrency Mining Machine Purchase [Member]
Purchase Agreement Prepayment	$ 1.5
Purchase Agreement, Refund	1
Purchase Agreement, Charge-off	0.5
Potential Merger and Acquisition [Member]
Business Combination, Nonrefundable Deposit	$ 1

Note 5 - Prepayments and Depo_4

Note 5 - Prepayments and Deposit to Suppliers - Prepayments and Deposit to Suppliers (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Prepayment and deposit to suppliers *	$ 7,559	$ 4,657
Deposits to TV Ad and Internet Ad Resources Providers [Member]
Prepayment and deposit to suppliers *	934	307
Prepayment to TV Ad and Internet Ad Resources Providers [Member]
Prepayment and deposit to suppliers *	5,185	3,696
Deposits and Prepayments for Other Investing Contracts [Member]
Prepayment and deposit to suppliers *	1,000	0
Other Deposits and Prepayments [Member]
Prepayment and deposit to suppliers *	$ 440	$ 654

Note 6 - Due From Related Par_3

Note 6 - Due From Related Parties - Due From Related Parties (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Due from Related Parties, Current, Total	$ 90	$ 61
Zhong Wang Xi Yue Technology (Beijing) Co. Ltd [Member]
Due from related parties, gross	62	$ 61
Guangzhou Gong Xiang Technology Co. [Member]
Due from related parties, gross	$ 28

Note 7 - Other Current Assets (

Note 7 - Other Current Assets (Details Textual) $ in Thousands	Dec. 31, 2021USD ($)
Repaid Funds Received on Working Capital Loan	$ 1,030

Note 8 - Long-term Investment_2

Note 8 - Long-term Investments (Details Textual) ¥ in Thousands, $ in Thousands	1 Months Ended	12 Months Ended
	May 31, 2021	Dec. 31, 2021USD ($)	Dec. 31, 2021CNY (¥)	Dec. 31, 2020USD ($)	Dec. 31, 2020CNY (¥)	Dec. 31, 2019USD ($)
Equity Securities without Readily Determinable Fair Value, Amount		$ 2,280		$ 67		$ 35
New Business Holdings Limited [Member]
Equity Securities without Readily Determinable Fair Value, Percent		15.38%	15.38%
Equity Securities without Readily Determinable Fair Value, Amount		$ 1,000
Guang Dong WeFriend Co., Ltd [Member]
Equity Securities without Readily Determinable Fair Value, Percent		10.00%	10.00%
Equity Securities without Readily Determinable Fair Value, Amount		$ 470
Shenzhen Global Best Products Import & Export Co. [Member]
Equity Securities without Readily Determinable Fair Value, Percent		9.09%	9.09%
Equity Securities without Readily Determinable Fair Value, Amount		$ 780	¥ 5,000
Guangzhou Gong Xiang Technology Co. [Member]
Equity Securities without Readily Determinable Fair Value, Percent		15.00%	15.00%
Equity Securities without Readily Determinable Fair Value, Amount		$ 240
Xiao Peng Education [Member]
Equity Securities without Readily Determinable Fair Value, Percent		17.00%	17.00%
Equity Securities without Readily Determinable Fair Value, Amount		$ 80
Business Opportunity Chain [Member]
Equity Securities without Readily Determinable Fair Value, Percent		19.00%	19.00%
Global Best Products [Member]
Equity Securities without Readily Determinable Fair Value, Amount		$ 310
Business Opportunity Chain (Guangzhou) Technology Co., Ltd. [Member]
Equity Securities without Readily Determinable Fair Value, Amount		150		30	¥ 190
Local Chain Xi’an [Member]
Equity Securities without Readily Determinable Fair Value, Amount				$ 40	¥ 250
Equity Securities without Readily Determinable Fair Value, Percent, Disposed Of	4.90%
Gain (Loss) on Investments, Total		$ (40)

Note 8 - Long-term Investment_3

Note 8 - Long-term Investments - Summary of Long-term Investments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Balance	$ 67	$ 35
Cash investments during the year	2,250	32
Exchange translation adjustment	1
Investments disposed during the year	(38)
Balance	$ 2,280	$ 67

Note 9 - Property and Equipme_3

Note 9 - Property and Equipment, Net (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Depreciation, Total	$ 30	$ 10

Note 9 - Property and Equipme_4

Note 9 - Property and Equipment, Net - Property and Equipment, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Property and equipment, gross	$ 2,708	$ 2,320
Less: accumulated depreciation	(2,333)	(2,260)
Property and equipment, net *	375	60
Vehicles [Member]
Property and equipment, gross	933	811
Office Equipment [Member]
Property and equipment, gross	944	894
Electronic Devices [Member]
Property and equipment, gross	629	615
Leasehold Improvements [Member]
Property and equipment, gross	$ 202	$ 0

Note 10 - Intangible Assets, _3

Note 10 - Intangible Assets, Net (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Amortization of Intangible Assets, Total	$ 600	$ 850
Finite-Lived Intangible Asset, Useful Life (Year)	3 years 11 months 1 day
Finite-Lived Intangible Asset, Expected Amortization, Year One	$ 2,120
Finite-Lived Intangible Asset, Expected Amortization, Year Two	630
Finite-Lived Intangible Asset, Expected Amortization, Year Three	$ 180

Note 10 - Intangible Assets, _4

Note 10 - Intangible Assets, Net - Intangible Assets, Net (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Finite-lived intangible assets	$ 9,856,000	$ 4,251,000
Finite-lived intangible assets, Accumulated amortization	1,887,000	1,258,000
Finite-lived intangible assets, Impairment	446,000	436,000
Intangible assets, net *	7,523,000	2,557,000
Finite-lived intangible assets, Accumulated amortization	(1,887,000)	(1,258,000)
Finite-lived intangible assets, Impairment	(446,000)	(436,000)
Cloud-Computing Based Software Platforms [Member]
Finite-lived intangible assets	1,456,000	1,423,000
Finite-lived intangible assets, Accumulated amortization	(1,010,000)	978,000
Finite-lived intangible assets, Impairment	(446,000)	436,000
Intangible assets, net *	0	9,000
Finite-lived intangible assets, Accumulated amortization	1,010,000	(978,000)
Finite-lived intangible assets, Impairment	446,000	(436,000)
Licensing Agreements [Member]
Finite-lived intangible assets	1,205	1,208
Finite-lived intangible assets, Accumulated amortization	(255)	135
Intangible assets, net *	950	1,073
Finite-lived intangible assets, Accumulated amortization	255	(135)
Livestreaming Technology [Member]
Finite-lived intangible assets	1,500,000	1,500,000
Finite-lived intangible assets, Accumulated amortization	(325,000)	25,000
Intangible assets, net *	1,175,000	1,475,000
Finite-lived intangible assets, Accumulated amortization	325,000	(25,000)
Internet Ad Tracking System [Member]
Finite-lived intangible assets	1,158,000
Finite-lived intangible assets, Accumulated amortization	(174,000)
Intangible assets, net *	984,000
Finite-lived intangible assets, Accumulated amortization	174,000
Other Computer Software [Member]
Finite-lived intangible assets	123,000	120,000
Finite-lived intangible assets, Accumulated amortization	(123,000)	120,000
Intangible assets, net *	0
Finite-lived intangible assets, Accumulated amortization	123,000	$ (120,000)
Blockchain Integrated Framework Platform [Member]
Finite-lived intangible assets	4,038,000
Finite-lived intangible assets, Accumulated amortization	0
Intangible assets, net *	4,038,000
Finite-lived intangible assets, Accumulated amortization	0
Bo!News Application [Member]
Finite-lived intangible assets	376,000
Finite-lived intangible assets, Accumulated amortization	0
Intangible assets, net *	376,000
Finite-lived intangible assets, Accumulated amortization	$ 0

Note 10 - Intangible Assets, _5

Note 10 - Intangible Assets, Net - Intangible Assets, Net (Details) (Parentheticals)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Useful life (Year)	3 years 11 months 1 day
Cloud-Computing Based Software Platforms [Member]
Useful life (Year)	10 years	10 years
Licensing Agreements [Member]
Useful life (Year)	10 years	10 years
Livestreaming Technology [Member]
Useful life (Year)	5 years	5 years
Internet Ad Tracking System [Member]
Useful life (Year)	5 years
Other Computer Software [Member]
Useful life (Year)	3 years	3 years
Blockchain Integrated Framework Platform [Member]
Useful life (Year)	3 years
Bo!News Application [Member]
Useful life (Year)	3 years

Note 11 - Blockchain Platform_2

Note 11 - Blockchain Platform Applications Development Costs (Details Textual) $ in Thousands, ¥ in Millions	12 Months Ended
	Dec. 31, 2021USD ($)	Mar. 31, 2018USD ($)	Mar. 31, 2018CNY (¥)
Unpaid Contract Amount Waived	$ 560
Contract to Develop Blockchain Technology Based Applications [Member]
Application Development Contracts, Contract Amount		$ 4,500
Capitalized Cost of Blockchain Technology Based Applications Development Costs	4,040
Contract to Develop Social Network Based Applications [Member]
Application Development Contracts, Contract Amount		$ 470	¥ 3
Capitalized Cost of Blockchain Technology Based Applications Development Costs	$ 380

Note 13 - Accrued Payroll and_3

Note 13 - Accrued Payroll and Other Accruals - Accrued Payroll and Other Accruals (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Accrued payroll and other accruals*	$ 389	$ 489
Accrued Payroll and Staff Welfare [Member]
Accrued payroll and other accruals*	142	229
Accrued Operating Expenses [Member]
Accrued payroll and other accruals*	$ 247	$ 260

Note 14 - Taxation (Details Tex

Note 14 - Taxation (Details Textual) $ in Thousands, $ in Millions	Apr. 01, 2018HKD ($)	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent		21.00%	21.00%
Income Tax Withholding Rate Pursuant to EIT Law		10.00%
Operating Loss Carryforwards, Total		$ 31,000	$ 23,300
Operating Loss Carryforwards, Taxable Income Deduction Limitations		80.00%
Deferred Tax Assets, Valuation Allowance, Total		$ 12,271	10,245
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount		$ 2,310	$ 920
Minimum [Member]
PRC Value Added Tax Surcharge Rate		12.00%
PRC [Member]
PRC Value Added Tax Rate for Modern Service Provided		6.00%
Other PRC Operating Entities [Member] | PRC [Member]
Applicable Income Tax Rate		25.00%	25.00%
Business Opportunity Online [Member] | PRC [Member]
Applicable Income Tax Rate		25.00%	15.00%
PRC Subsidiary And VIE's [Member]
Operating Loss Carryforwards, Total		$ 18,300	$ 24,500
HONG KONG
Applicable Income Tax Rate for First Profit Limit	8.25%
Taxable Profits for Applicable Income Tax Rate	$ 2
Applicable Income Tax Rate for Subsequent Profit	16.50%

Note 14 - Taxation - Taxes Paya

Note 14 - Taxation - Taxes Payable (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Turnover tax and surcharge payable	$ 1,414	$ 1,353
Enterprise income tax payable	2,120	2,077
Taxes payable	$ 3,534	$ 3,430

Note 14 - Taxation - Reconcilia

Note 14 - Taxation - Reconciliation of the Income Tax (Expense)/Benefit (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Pre-tax loss	$ (2,511)	$ (5,078)
U.S. federal rate	21.00%	21.00%
Income tax benefit computed at U.S. federal rate	$ 527	$ 1,066
Rate differential for foreign earnings	(131)	74
Preferential tax treatment effect		(205)
Tax effect on non-taxable change in fair value of warrant liabilities	2,379	137
Tax effect enactment of new tax rate of a VIE	683
Provision of valuation allowance on deferred tax assets	(2,312)	(917)
Expired tax attribute carryforwards	(1,358)	(372)
Tax effect on other non-deductible expenses/non-taxable income	35	74
Effective income tax expense	$ (177)	$ (143)

Note 14 - Taxation - Income Tax

Note 14 - Taxation - Income Tax Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Current	$ 0	$ 0
Deferred	(177)	(143)
Effective income tax expense	$ (177)	$ (143)

Note 14 - Taxation - Deferred T

Note 14 - Taxation - Deferred Tax Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Tax effect of net operating losses carried forward	$ 12,130	$ 10,123
Operating lease cost	23	0
Bad debts provision	559	728
Valuation allowance	(12,271)	(10,245)
Total net deferred tax assets	$ 441	$ 606

Note 16 - The Financing and W_3

Note 16 - The Financing and Warrant Liabilities (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	Jul. 02, 2021	Feb. 18, 2021	Dec. 14, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Jan. 17, 2018
Warrants and Rights Outstanding				$ 2,039	$ 1,505	$ 107
Investor Warrants [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares)		2,606,000
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share)		$ 3.59
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
Warrants and Rights Outstanding		$ 1,450
Stock Issued During Period, Shares, Cashless Warrants Exercised (in shares)	40,000
Placement Agent Warrants [Member] | Other Nonoperating Income (Expense) [Member]
Gain (Loss), Exercise of Cashless Warrants	$ (20)
The Warrants [Member]
Warrants and Rights Outstanding			$ 310
The Warrants [Member] | Minimum [Member]
Class of Warrant or Right, Beneficial Ownership Percentage		4.99%	4.99%
The Warrants [Member] | Maximum [Member]
Class of Warrant or Right, Beneficial Ownership Percentage		9.99%	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
Shares Issued, Price Per Share (in dollars per share)		$ 3.59	$ 1.62
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares)			1,728,396
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share)			$ 2.03
Proceeds from Issuance or Sale of Equity, Total		$ 18,700	$ 7,000	18,711	7,000
Sale of Equity, Placement Fee, Percent		7.00%	7.00%
Adjustments to Additional Paid in Capital, Stock Issued, Issuance Costs		$ 3,050	$ 1,060
Placement Agent Fee		1,310	490
Stock Issuance Costs, Other Offering Costs		$ 290	$ 260
Private Placement [Member] | Investor Warrants [Member]
Warrants and Rights Outstanding				$ 10,476	$ 1,746

Note 16 - The Financing and W_4

Note 16 - The Financing and Warrant Liabilities - Fair Value of Warrants (Details) $ in Thousands		Dec. 31, 2021USD ($)yr	Jul. 02, 2021USD ($)	[1]	Feb. 18, 2021USD ($)yr	Dec. 31, 2020USD ($)yr	Dec. 14, 2020USD ($)	Dec. 31, 2019USD ($)
Proceeds allocated to warrant liabilities		$ 2,039				$ 1,505		$ 107
Investor Warrants Issued in Connection with 2021 Financing [Member]
Proceeds allocated to warrant liabilities		964			$ 10,476
Placement Agent Warrants Issued in Connection with 2021 Financing [Member]
Proceeds allocated to warrant liabilities		132			$ 1,445
Investor Warrants Issued in Connection with 2020 Financing [Member]
Proceeds allocated to warrant liabilities		795				1,279	$ 1,746
Placement Agent Warrants Issued in Connection with 2020 Financing [Member]
Proceeds allocated to warrant liabilities		$ 148				224	$ 305
Investor Warrants Issued in Connection with 2018 Financing [Member]
Proceeds allocated to warrant liabilities								71
Placement Agent Warrants Issued in Connection with 2018 Financing [Member]
Proceeds allocated to warrant liabilities			$ 58			$ 2		$ 36
Measurement Input, Share Price [Member] | Investor Warrants Issued in Connection with 2021 Financing [Member]
Fair value of the warrants		1			4.48
Measurement Input, Share Price [Member] | Placement Agent Warrants Issued in Connection with 2021 Financing [Member]
Fair value of the warrants		1			4.48
Measurement Input, Share Price [Member] | Investor Warrants Issued in Connection with 2020 Financing [Member]
Fair value of the warrants		1				1.35	1.25
Measurement Input, Share Price [Member] | Placement Agent Warrants Issued in Connection with 2020 Financing [Member]
Fair value of the warrants		1				1.35	1.25
Measurement Input, Share Price [Member] | Investor Warrants Issued in Connection with 2018 Financing [Member]
Fair value of the warrants								1.17
Measurement Input, Share Price [Member] | Placement Agent Warrants Issued in Connection with 2018 Financing [Member]
Fair value of the warrants			1.94			1.35		1.17
Measurement Input, Expected Term [Member] | Investor Warrants Issued in Connection with 2021 Financing [Member]
Fair value of the warrants		2.63			3.50
Measurement Input, Expected Term [Member] | Placement Agent Warrants Issued in Connection with 2021 Financing [Member]
Fair value of the warrants		2.63			3.50
Measurement Input, Expected Term [Member] | Investor Warrants Issued in Connection with 2020 Financing [Member]
Fair value of the warrants		1.95				2.95	3
Measurement Input, Expected Term [Member] | Placement Agent Warrants Issued in Connection with 2020 Financing [Member]
Fair value of the warrants		1.95				2.95	3
Measurement Input, Expected Term [Member] | Investor Warrants Issued in Connection with 2018 Financing [Member]
Fair value of the warrants								0.55
Measurement Input, Expected Term [Member] | Placement Agent Warrants Issued in Connection with 2018 Financing [Member]
Fair value of the warrants			0.04			0.05		1.05
Measurement Input, Risk Free Interest Rate [Member] | Investor Warrants Issued in Connection with 2021 Financing [Member]
Fair value of the warrants		0.0087			0.0026
Measurement Input, Risk Free Interest Rate [Member] | Placement Agent Warrants Issued in Connection with 2021 Financing [Member]
Fair value of the warrants		0.0087			0.0026
Measurement Input, Risk Free Interest Rate [Member] | Investor Warrants Issued in Connection with 2020 Financing [Member]
Fair value of the warrants		0.0072				0.0017	0.0017
Measurement Input, Risk Free Interest Rate [Member] | Placement Agent Warrants Issued in Connection with 2020 Financing [Member]
Fair value of the warrants		0.0072				0.0017	0.0017
Measurement Input, Risk Free Interest Rate [Member] | Investor Warrants Issued in Connection with 2018 Financing [Member]
Fair value of the warrants								0.0158
Measurement Input, Risk Free Interest Rate [Member] | Placement Agent Warrants Issued in Connection with 2018 Financing [Member]
Fair value of the warrants			0.0005			0.0008		0.0157
Measurement Input, Price Volatility [Member] | Investor Warrants Issued in Connection with 2021 Financing [Member]
Fair value of the warrants		1.15			1.68
Measurement Input, Price Volatility [Member] | Placement Agent Warrants Issued in Connection with 2021 Financing [Member]
Fair value of the warrants		1.15			1.68
Measurement Input, Price Volatility [Member] | Investor Warrants Issued in Connection with 2020 Financing [Member]
Fair value of the warrants		1.28				1.02	1.64
Measurement Input, Price Volatility [Member] | Placement Agent Warrants Issued in Connection with 2020 Financing [Member]
Fair value of the warrants		1.28				1.02	1.64
Measurement Input, Price Volatility [Member] | Investor Warrants Issued in Connection with 2018 Financing [Member]
Fair value of the warrants								0.60
Measurement Input, Price Volatility [Member] | Placement Agent Warrants Issued in Connection with 2018 Financing [Member]
Fair value of the warrants			0.75			0.59		0.80
Measurement Input, Exercise Price [Member] | Investor Warrants Issued in Connection with 2021 Financing [Member]
Fair value of the warrants		3.59			3.59
Measurement Input, Exercise Price [Member] | Placement Agent Warrants Issued in Connection with 2021 Financing [Member]
Fair value of the warrants		4.4875			4.4875
Measurement Input, Exercise Price [Member] | Investor Warrants Issued in Connection with 2020 Financing [Member]
Fair value of the warrants		2.03				2.03	2.03
Measurement Input, Exercise Price [Member] | Placement Agent Warrants Issued in Connection with 2020 Financing [Member]
Fair value of the warrants		2.03				2.03	2.03
Measurement Input, Exercise Price [Member] | Investor Warrants Issued in Connection with 2018 Financing [Member]
Fair value of the warrants	[2]							1.4927
Measurement Input, Exercise Price [Member] | Placement Agent Warrants Issued in Connection with 2018 Financing [Member]
Fair value of the warrants	[2]		1.4927			1.4927		1.4927
Measurement Input, Quoted Price [Member] | Investor Warrants Issued in Connection with 2021 Financing [Member]
Fair value of the warrants		0.37			4.02
Measurement Input, Quoted Price [Member] | Placement Agent Warrants Issued in Connection with 2021 Financing [Member]
Fair value of the warrants		0.36			3.96
Measurement Input, Quoted Price [Member] | Investor Warrants Issued in Connection with 2020 Financing [Member]
Fair value of the warrants		0.46				0.74	1.01
Measurement Input, Quoted Price [Member] | Placement Agent Warrants Issued in Connection with 2020 Financing [Member]
Fair value of the warrants		0.49				0.74	1.01
Measurement Input, Quoted Price [Member] | Investor Warrants Issued in Connection with 2018 Financing [Member]
Fair value of the warrants								0.11
Measurement Input, Quoted Price [Member] | Placement Agent Warrants Issued in Connection with 2018 Financing [Member]
Fair value of the warrants			0.45			0.02		0.28
[1]	The placement agent warrants issued in the 2018 Financing were cashless exercised on July 2, 2021. As a result, the Company issued approximately 0.04 million shares of the Company’s restricted common stock, with a loss of approximately US$0.02million recognized in other income/(loss) account, which represented the difference between the fair value of these warrants on the date of the exercise and the cost of the Company’s restricted common stock issued, based on the close bid price of the Company’s common stock on the same date.
[2]	On September 25, 2019, as a result of the close on the first half of an unregistered private placement with a select group of investors, the exercise price of the warrants issued in the 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 US$1.4927.

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	Dec. 14, 2020	Dec. 31, 2021	Dec. 31, 2020
Investor Warrants			$ 10,476	$ 1,746
Common Stock (par value and additional paid in capital)			8,235	5,254
Total proceeds from the Financing	$ 18,700	$ 7,000	$ 18,711	$ 7,000

Note 16 - The Financing and W_6

Note 16 - The Financing and Warrant Liabilities - Warrant Liabilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Jul. 02, 2021	[1]	Feb. 18, 2021	Dec. 14, 2020	Dec. 31, 2019
Proceeds allocated to warrant liabilities	$ 2,039	$ 1,505					$ 107
Change in fair value of warrants	(11,329)	(653)
Investor Warrants Issued in Connection with 2021 Financing [Member]
Proceeds allocated to warrant liabilities	964				$ 10,476
Change in fair value of warrants	(9,512)
Investor Warrants Issued in Connection with 2020 Financing [Member]
Proceeds allocated to warrant liabilities	795	1,279				$ 1,746
Change in fair value of warrants	(484)	(467)
Placement Agent Warrants Issued in Connection with 2021 Financing [Member]
Proceeds allocated to warrant liabilities	132				$ 1,445
Change in fair value of warrants	(1,313)
Placement Agent Warrants Issued in Connection with 2020 Financing [Member]
Proceeds allocated to warrant liabilities	148	224				$ 305
Change in fair value of warrants	(76)	(81)
Investor Warrants Issued in Connection with 2018 Financing [Member]
Proceeds allocated to warrant liabilities							71
Change in fair value of warrants		(71)
Placement Agent Warrants Issued in Connection with 2018 Financing [Member]
Proceeds allocated to warrant liabilities		2	$ 58				$ 36
Change in fair value of warrants	$ 56	$ (34)
[1]	The placement agent warrants issued in the 2018 Financing were cashless exercised on July 2, 2021. As a result, the Company issued approximately 0.04 million shares of the Company’s restricted common stock, with a loss of approximately US$0.02million recognized in other income/(loss) account, which represented the difference between the fair value of these warrants on the date of the exercise and the cost of the Company’s restricted common stock issued, based on the close bid price of the Company’s common stock on the same date.

Note 16 - The Financing and W_7

Note 16 - The Financing and Warrant Liabilities - Warrant Activity (Details) - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Balance (in shares)	2,159,865	774,000
Balance, weighted average remaining contractual life (Year)	2 years 4 months 9 days	2 years 9 months 10 days	7 months 17 days
Weighted average exercise price (in dollars per share)	$ 2	$ 1.4927
Exercisable (in shares)	129,000	774,000
Balance, January 1, 2020 (Year)	2 years 4 months 9 days	18 days	7 months 17 days
Exercisable, weighted average exercise price (in dollars per share)	$ 1.4927	$ 1.4927
Issued/Vested (in shares)	2,970,840	2,030,865
Issued/Vested, weighted average remaining contractual life (Year)	2 years 7 months 17 days	3 years
Issued/Vested, weighted average exercise price (in dollars per share)	$ 3.70	$ 2.03
Expired (in shares)		(645,000)
Expired, weighted average exercise price (in dollars per share)		$ 1.4927
Expired, exercisable (in shares)	(129,000)	(645,000)
Issued/Vested, exercisable (in shares)	5,001,705
Issued/Vested, exercisable, weighted average remaining contractual life (Year)	2 years 4 months 9 days
Issued/Vested, exercisable, weighted average exercise price (in dollars per share)	$ 3.02
Exercised, weighted average exercise price (in dollars per share)	$ 1.4927
Balance (in shares)	5,001,705	2,159,865	774,000
Weighted average exercise price (in dollars per share)	$ 3.02	$ 2	$ 1.4927
Exercisable (in shares)	5,001,705	129,000	774,000
Exercisable, weighted average exercise price (in dollars per share)	$ 3.02	$ 1.4927	$ 1.4927

Note 17 - Restricted Net Asse_2

Note 17 - Restricted Net Assets (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Dec. 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	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Defined Contribution Plan, Cost	$ 220	$ 110

Note 19 - Concentration of Ri_3

Note 19 - Concentration of Risk (Details Textual)	Dec. 31, 2021
UNITED STATES
Percent of Cash and Cash Equivalents Held by Major Financial Institutions	68.00%
CHINA
Percent of Cash and Cash Equivalents Held by Major Financial Institutions	32.00%

Note 19 - Concentration of Ri_4

Note 19 - Concentration of Risk - Company's Concentration of Customers and Suppliers (Details)		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020
Cost Of Sales Total [Member] | Supplier Concentration Risk [Member] | Supplier A [Member]
Concentration risk		73.00%
Cost Of Sales Total [Member] | Supplier Concentration Risk [Member] | Supplier B [Member]
Concentration risk			78.00%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer A [Member]
Concentration risk		33.00%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer B [Member]
Concentration risk		32.00%	28.00%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer C [Member]
Concentration risk		19.00%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer D [Member]
Concentration risk		11.00%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer E [Member]
Concentration risk	[1]		27.00%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer F [Member]
Concentration risk			21.00%
[1]	Less than 10%.

Note 20 - Commitments and Con_2

Note 20 - Commitments and Contingencies (Details Textual) $ in Thousands, ¥ in Millions	Nov. 05, 2021USD ($)	Nov. 05, 2021CNY (¥)	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2021CNY (¥)	Dec. 31, 2019USD ($)
Equity Securities without Readily Determinable Fair Value, Amount			$ 2,280	$ 67		$ 35
Payments to Acquire Long-term Investments			$ 2,263	$ 28
Shenzhen Global Best Products Import & Export Co. [Member]
Equity Securities without Readily Determinable Fair Value, Percent			9.09%		9.09%
Equity Securities without Readily Determinable Fair Value, Amount			$ 780		¥ 5
Payments to Acquire Long-term Investments	$ 310	¥ 2

Note 21 - Segment Reporting (De

Note 21 - Segment Reporting (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Share-based Payment Arrangement, Expense	$ 7,028	$ 2,152

Note 21 - Segment Reporting - S

Note 21 - Segment Reporting - Summary of Segment Reporting Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021		Dec. 31, 2020
Revenues	$ 47,328		$ 38,408
Cost of revenues	47,230		37,776
Total operating expenses	13,688		6,333
Depreciation and amortization expense included in total operating expenses			856
Loss from operations	(13,590)		(5,701)
Change in fair value of warrant liabilities	11,329		653
Net (loss)/income	(2,688)		(5,221)
Expenditure for long-term assets	1,494		2,003
Total assets	32,631		20,667
Corporate, Non-Segment [Member]
Revenues			1,245
Cost of revenues			576
Total operating expenses	9,734	[1]	3,531	[2]
Depreciation and amortization expense included in total operating expenses	18		4
Loss from operations	(9,734)		(2,862)
Change in fair value of warrant liabilities	11,329		653
Net (loss)/income	990		(2,144)
Expenditure for long-term assets	280
Total assets	44,328		27,766
Intersegment Eliminations [Member]
Total assets	(30,497)		(23,024)
Internet Ad [Member] | Operating Segments [Member]
Revenues	46,666		35,618
Cost of revenues	45,730		35,700
Total operating expenses	1,423		2,752
Depreciation and amortization expense included in total operating expenses	313		825
Loss from operations	(487)		(2,834)
Net (loss)/income	(309)		(3,071)
Expenditure for long-term assets	1,214
Total assets	12,150		8,310
Ecommerce O2O Ad and Marketing Services [Member] | Operating Segments [Member]
Revenues	662		1,545
Cost of revenues	1,500		1,500
Total operating expenses	2,529		45
Depreciation and amortization expense included in total operating expenses	300		25
Loss from operations	(3,367)
Net (loss)/income	(3,366)
Expenditure for long-term assets			1,500
Total assets	2,236		3,206
Corporate Segment [Member]
Revenues	47,328
Cost of revenues	47,230
Total operating expenses	13,688
Depreciation and amortization expense included in total operating expenses	632
Change in fair value of warrant liabilities	11,329
Blockchain Technology [Member] | Operating Segments [Member]
Total operating expenses	2		5
Depreciation and amortization expense included in total operating expenses	1		2
Loss from operations	(2)		(5)
Net (loss)/income	(3)		(6)
Expenditure for long-term assets			503
Total assets	$ 4,414		$ 4,409
[1]	Including approximately US$7.03 million share-based compensation expenses.
[2]	Including approximately US$2.15 million share-based compensation expenses.

Note 22 - Loss Per Share - Basi

Note 22 - Loss Per Share - Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Net loss attributable to ZW Data Action Technologies Inc. (numerator for basic and diluted loss per share)	$ (2,754)	$ (5,216)
Weighted average number of common shares outstanding – Basic and diluted (in shares)	33,048,921	21,602,107
Loss per share -Basic and diluted (in dollars per share)	$ (0.08)	$ (0.24)

Note 23 - Share-based Compens_3

Note 23 - Share-based Compensation Expenses (Details Textual) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	1 Months Ended				12 Months Ended
	May 31, 2021	Aug. 31, 2020	Mar. 31, 2020	Feb. 28, 2020	Dec. 31, 2021	Dec. 31, 2020
Share-based Payment Arrangement, Expense					$ 7,028	$ 2,152
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total					40
Restricted Stock [Member] | Director [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)			430
Share-based Payment Arrangement, Expense					240	200
Share Price (in dollars per share)			$ 1.11
Management Consulting and Advisor Service Term (Year)			2 years
Issuance of Stock and Warrants for Services or Claims			$ 480
Restricted Stock [Member] | 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)		50
Share-based Payment Arrangement, Expense		$ 70			40	$ 30
Share Price (in dollars per share)		$ 1.36
Technical Consulting and Advisory Services Term (Year)		1 year
The 2020 Omnibus Securities and Incentive Plan, Second Issuance [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)	3,990
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share)	$ 1.67
Share-based Payment Arrangement, Expense					$ 6,660
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	30
Share-based Payment Arrangement, Expense					$ 90	$ 30
Shares Issued, Price Per Share (in dollars per share)					$ 3.13	$ 1.11
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)				1,600
Share-based Payment Arrangement, Expense						$ 1,890
Share Price (in dollars per share)				$ 1.18

Note 23 - Share-based Compens_4

Note 23 - Share-based Compensation Expenses - Share-based Compensation Expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation expenses	$ 7,028	$ 2,152
Selling and Marketing Expense [Member]
Share-based Compensation expenses		122
General and Administrative Expense [Member]
Share-based Compensation expenses	$ 7,028	1,884
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	Dec. 31, 2020	Jan. 01, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Options outstanding, number of underlying shares (in shares)		755,216	277,976	755,216
Options outstanding, weighted average remaining contractual life (Year)	10 months 28 days	1 year 1 month 24 days
Options outstanding, weighted average exercise price (in dollars per share)		$ 2.43	$ 3	$ 2.43
Option exercisable, number of underlying shares (in shares)		755,216	277,976	755,216
Option exercisable, weighted average remaining contractual life (Year)				10 months 28 days	1 year 1 month 24 days
Option exercisable, weighted average exercise price (in dollars per share)		$ 2.43	$ 3	$ 2.43
Options outstanding, granted/vested (in shares)				0
Options outstanding, exercised (in shares)				0
Options outstanding, expired (in shares)			(277,976)	(477,240)
Options outstanding, expired, weighted average exercise price (in dollars per share)			$ 3	$ 2.10
Option exercisable, granted/vested, weighted average exercise price (in dollars per share)			$ 3	$ 2.10

Note 24 - Subsequent Events (De

Note 24 - Subsequent Events (Details Textual) - USD ($) shares in Thousands, $ in Thousands	1 Months Ended		12 Months Ended
	Mar. 31, 2022	Jan. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Due from Related Parties, Current, Total			$ 90	$ 61
Share-based Payment Arrangement, Expense			$ 7,028	$ 2,152
Subsequent Event [Member] | Restricted Stock [Member] | Two Executive Officers [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures, Total (in shares)	95
Share-based Payment Arrangement, Expense	$ 60
Short-term Working Capital Loan Due on May 5 2022 [Member] | Subsequent Event [Member]
Related Party Transaction, Rate		7.50%
Due from Related Parties, Current, Total		$ 2,500