ZW Data Action (CNET) 10-Q 22 May 23 2023 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2023	May 22, 2023
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	Q1
Document Fiscal Year Focus	2023
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2023
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 1811, Xinghuo Keji Plaza, No. 2 Fufeng Road, Fengtai District
Entity Address, City or Town	Beijing
Entity Address, Country	CN
Entity Address, Postal Zip Code	100070
City Area Code	86
Local Phone Number	10-6084-6616
Title of 12(b) Security	Common Stock, par value $0.001
Trading Symbol	CNET
Security Exchange Name	NASDAQ
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
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		7,204,506

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands		Mar. 31, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents		$ 1,592	$ 4,391
Accounts receivable, net of allowance for credit loss of $4,070 and $3,760, respectively		1,567	1,745
Prepayment and deposit to suppliers		4,390	4,567
Other current assets, net		3,327	1,610
Total current assets		10,876	12,313
Long-term investments		1,604	1,596
Operating lease right-of-use assets		1,680	1,761
Property and equipment, net		225	249
Intangible assets, net		2,964	3,264
Long-term deposits and prepayments		69	69
Deferred tax assets, net		413	406
Total Assets		17,831	19,658
Current liabilities:
Accounts payable	[1]	218	205
Advances from customers *	[1]	720	739
Accrued payroll and other accruals	[1]	266	438
Taxes payable	[1]	3,280	3,248
Operating lease liabilities	[1]	310	347
Lease payment liabilities related to short-term leases *	[1]	103	101
Other current liabilities	[1]	341	437
Warrant liabilities		84	185
Total current liabilities		5,322	5,700
Long-term liabilities:
Operating lease liabilities-Non current		1,500	1,535
Total Liabilities		6,949	7,361
Commitments and contingencies
Equity:
Common stock (US$0.001 par value; authorized 20,000,000 shares; issued and outstanding 7,174,506 shares at March 31, 2023 and December 31, 2022)		7	7	[2]
Additional paid-in capital		62,017	62,017	[2]
Statutory reserves		2,598	2,598
Accumulated deficit		(54,859)	(53,525)
Accumulated other comprehensive income		1,119	1,200
Total stockholders’ equity		10,882	12,297
Total Liabilities and Equity		17,831	19,658
Related Party [Member]
Long-term liabilities:
Long-term borrowing from a related party		$ 127	$ 126
[1]Liabilities recognized as a result of consolidating these VIEs do not represent additional claims on the Company’s general assets (Note 2).[2]Retrospectively restated for effect of the 1-for-5 reverse stock split effective on January 18, 2023, see Note 4(g).

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Accounts receivable, allowance for doubtful account	$ 4,070	$ 3,760
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	20,000,000	20,000,000
Common stock, shares issued (in shares)	7,174,506	7,174,506
Common stock, shares outstanding (in shares)	7,174,506	7,174,506

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2023	Mar. 31, 2022
Revenues		$ 6,316	$ 7,652
Cost of revenues		6,630	7,518
Gross (loss)/profit		(314)	134
Operating expenses
Sales and marketing expenses		48	69
General and administrative expenses		932	1,548
Research and development expenses		18	68
Total operating expenses		998	1,685
Loss from operations		(1,312)	(1,551)
Other income/(expenses)
Interest income		72	46
Other expenses, net		(5)	(9)
Change in fair value of warrant liabilities		101	795
Total other income		168	832
Income tax benefit		1	2
Net income (loss)		(1,143)	(717)
Net loss		(1,143)	(717)
Foreign currency translation loss		(81)	(22)
Comprehensive loss		$ (1,224)	$ (739)
Loss per common share
Basic and diluted** (in dollars per share)	[1]	$ (0.16)	$ (0.10)
Weighted average number of common shares outstanding:
Basic and diluted** (in shares)	[1]	7,174,506	7,079,962
Unrelated Parties [Member]
Other income/(expenses)
Loss before income tax benefit		$ (1,144)	$ (719)
Related Parties [Member]
Other income/(expenses)
Net income (loss)		(1,143)	(717)
Net loss		$ (1,143)	$ (717)
[1]Retrospectively restated for effect of the 1-for-5 reverse stock split effective on January 18, 2023, see Note 4(g).

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Cash flows from operating activities
Net loss	$ (1,143)	$ (717)
Adjustments to reconcile net loss to net cash used in operating activities
Depreciation and amortization	322	554
Amortization of operating lease right-of-use assets	106	60
Share-based compensation expenses	35	56
Provision for allowance for credit losses	301	0
Deferred taxes	(1)	(2)
Disposal of fixed assets	3	0
Change in fair value of warrant liabilities	(101)	(795)
Other non-operating income	(72)	(45)
Changes in operating assets and liabilities
Accounts receivable	(56)	(159)
Prepayment and deposit to suppliers	171	914
Other current assets	(1)	13
Accounts payable	10	(373)
Advances from customers	(27)	(203)
Accrued payroll and other accruals	(174)	(66)
Other current liabilities	(184)	(36)
Taxes payable	(8)	7
Lease payment liability related to short-term leases	0	(42)
Operating lease liabilities	(97)	(56)
Net cash used in operating activities	(916)	(890)
Cash flows from investing activities
Repayment of short-term loans from ownership investee entities	0	13
Short-term loan to unrelated parties	(2,000)	(2,500)
Repayment of short-term loans and interest income from unrelated parties	123	1,029
Net cash used in investing activities	(1,877)	(1,458)
Cash flows from financing activities
Net cash provided by/(used in) financing activities	0	0
Effect of exchange rate fluctuation on cash and cash equivalents	(6)	(1)
Net decrease in cash and cash equivalents	(2,799)	(2,349)
Cash and cash equivalents at beginning of the period	4,391	7,173
Cash and cash equivalents at end of the period	1,592	4,824
Supplemental disclosure of cash flow information
Income taxes paid	0	0
Interest expense paid	$ 0	$ 0

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Changes in Equity (Unaudited) - 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] Statutory Reserves [Member]	Share-Based Payment Arrangement, Employee [Member] Retained Earnings [Member]	Share-Based Payment Arrangement, Employee [Member] AOCI Attributable to Parent [Member]	Share-Based Payment Arrangement, Employee [Member] Noncontrolling Interest [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member] Common Stock [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member] Additional Paid-in Capital [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member] Statutory Reserves [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member] Retained Earnings [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member] AOCI Attributable to Parent [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member] Noncontrolling Interest [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, 2021														7,075,506
Balance at Dec. 31, 2021														$ 7		$ 61,813		$ 2,598	$ (43,734)	$ 1,082	$ 21,766
Net loss														0		0		0	(717)	0	(717)	$ (717)
Foreign currency translation adjustment														$ 0		0		0	0	(22)	(22)	(22)
Balance (in shares) at Mar. 31, 2022														7,094,506
Balance at Mar. 31, 2022														$ 7		61,829		2,598	(44,451)	1,060	21,043
Share-based compensation in exchange for services from employees and directors (in shares)		19,000
Share-based compensation in exchange for services from employees and directors		$ 0	$ 16	$ 0	$ 0	$ 0	$ 16
Balance (in shares) at Dec. 31, 2022	[1]													7,174,506
Balance (Accounting Standards Update 2016-13 [Member]) at Dec. 31, 2022								$ 0	$ 0	$ 0	$ (191)	$ 0	$ (191)
Balance at Dec. 31, 2022														$ 7	[1]	62,017	[1]	2,598	(53,525)	1,200	12,297
Net loss														0		0		0	(1,143)	0	(1,143)	(1,143)
Foreign currency translation adjustment														$ 0		0		0	0	(81)	(81)	$ (81)
Balance (in shares) at Mar. 31, 2023														7,174,506
Balance at Mar. 31, 2023														$ 7		$ 62,017		$ 2,598	$ (54,859)	$ 1,119	$ 10,882
[1]Retrospectively restated for effect of the 1-for-5 reverse stock split effective on January 18, 2023, see Note 4(g).

Note 1 - Organization and Natur

Note 1 - Organization and Nature of Operations	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Nature of Operations [Text Block]	1. Organization and nature of operations ZW Data Action Technologies Inc. (the “Company”) was incorporated in the State of Texas in April 2006 October 2006. June 26, 2009, O2O

Note 2 - Variable Interest Enti

Note 2 - Variable Interest Entities	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Variable Interest Entities Disclosure [Text Block]	2. Variable interest entities The Company is not no March 31, 2023 December 31, 2022, March 31, 2023 December 31, US$( 000) US$( 000) (Unaudited) Assets Current assets: Cash and cash equivalents $ 340 $ 578 Accounts receivable, net 1,567 1,745 Prepayment and deposit to suppliers 1,931 2,020 Other current assets 3 2 Total current assets 3,841 4,345 Long-term investments 167 165 Operating lease right-of-use assets 98 145 Property and equipment, net 104 113 Deferred tax assets, net 413 406 Total Assets $ 4,623 $ 5,174 Liabilities Current liabilities: Accounts payable $ 218 $ 205 Advances from customers 667 515 Accrued payroll and other accruals 39 63 Taxes payable 2,629 2,602 Operating lease liabilities 99 146 Lease payment liabilities related to short-term leases 103 101 Other current liabilities 204 320 Total current liabilities 3,959 3,952 Total Liabilities $ 3,959 $ 3,952 Liabilities recognized as a result of consolidating these VIEs do not Summarized below is the information related to the financial performance of the VIEs reported in the Company’s condensed consolidated statements of operations and comprehensive loss for the three March 31, 2023 2022, Three Months Ended March 31, 2023 2022 US$( 000) US$( 000) (Unaudited) (Unaudited) Revenues $ 6,148 $ 7,198 Cost of revenues (6,327 ) (7,518 ) Total operating expenses (370 ) (259 ) Net loss before allocation to noncontrolling interests (550 ) (585 )

Note 3 - Liquidity and Capital

Note 3 - Liquidity and Capital Resources	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Substantial Doubt about Going Concern [Text Block]	3. Liquidity and Capital Resources For the three March 31, 2023, US$1.31 US$0.92 March 31, 2023, US$1.59 US$5.55 The Company experienced temporary decreases in revenues, incurred a gross loss, and did not three March 31, 2023. 19 November 2022 February 2023, first 2023. 19 19 no May 5, 2023, three 19 first 2023. 19 12 In order to improve operation performance, from early 2022, 19 2022 not not third In addition, to further improve its liquidity, the Company plans to negotiate with its major suppliers for more favorable payment terms, reduce its operating costs through optimizing the personnel structure among different offices, and reduce its office leasing spaces, if needed. The Company also intends to obtain revolving credit facilities to supplement its short-term working capital, as needed, from the commercial banks in the PRC. The Company has not Based on the above discussion, the Company believes that its current cash and cash equivalents, its anticipated new cash flows from operations and from investing and financing activities, and other liquidity improving measures will ensure the Company has sufficient cash to meet its obligations as they become due with the next 12

Note 4 - Summary of Significant

Note 4 - Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Significant Accounting Policies [Text Block]	4. Summary of significant accounting policies a) Basis of presentation The unaudited condensed consolidated interim financial statements are prepared and presented in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The unaudited condensed consolidated interim financial information as of March 31, 2023 three March 31, 2023 2022 10 December 31, 2022, “2022 10 April 17, 2023. In the opinion of management, all adjustments (which include normal recurring adjustments) necessary to present a fair statement of the Company’s condensed consolidated financial position as of March 31, 2023, three March 31, 2023 2022, three March 31, 2023 2022, not b) Principles of consolidation The unaudited condensed consolidated interim financial statements include the accounts of all the subsidiaries and VIEs of the Company. All transactions and balances between the Company and its subsidiaries and VIEs have been eliminated upon consolidation. c) Use of estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the related disclosure of contingent assets and liabilities at the date of these consolidated financial statements, and the reported amounts of revenue and expenses during the reporting period. The Company continually evaluates these estimates and assumptions based on the most recently available information, historical experience and various other assumptions that the Company believes to be reasonable under the circumstances. Since the use of estimates is an integral component of the financial reporting process, actual results could differ from those estimates. d) Foreign currency translation The exchange rates used to translate amounts in RMB into US$ for the purposes of preparing the condensed consolidated financial statements are as follows: March 31, 2023 December 31, 2022 Balance sheet items, except for equity accounts 6.8717 6.9646 Three Months Ended March 31, 2023 2022 Items in the statements of operations and comprehensive loss 6.8476 6.3504 No e) Current expected credit losses In June 2016, No. 2016 13, 326 January 1, 2023, not January 1, 2023 US$0.19 US$0.04 US$0.15 The allowance for credit losses reflects the Company's current estimate of credit losses expected to be incurred over the life of the related financial assets. The allowance for credit losses is presented as a valuation account that is deducted from the amortized cost basis of financial asset(s) to present the net amount expected to be collected on the financial asset(s). The Company considers various factors in establishing, monitoring, and adjusting its allowance for credit losses, including the aging and aging trends, customer/other parties’ creditworthiness and specific exposures related to particular customers/other parties. The Company also monitors other risk factors and forward-looking information, such as country specific risks and economic factors that may The following tables summarized the movements of the Company’s credit losses for the three March 31, 2023 2022, Three Months Ended March 31, 2023 2022 US$( 000) US$( 000) (Unaudited) (Unaudited) Credit loss for accounts receivable: Balance as of beginning of the period 3,760 2,236 Cumulative-effect adjustment upon adoption of ASU No. 2016-13, Financial Instruments-Credit losses (Topic 326) 36 - Provision for credit loss during the period 223 - Written off during the period - - Exchange translation adjustments 51 9 Balance as of end of the period 4,070 2,245 Three Months Ended March 31, 2023 2022 US$( 000) US$( 000) (Unaudited) (Unaudited) Credit loss for other current assets: Balance as of beginning of the period 617 - Cumulative-effect adjustment upon adoption of ASU No. 2016-13, Financial Instruments-Credit losses (Topic 326) 155 - Provision for credit loss during the period 78 - Written off during the period - - Exchange translation adjustments - - Balance as of end of the period 850 - f) Fair value measurement Liabilities measured at fair value on a recurring basis by level within the fair value hierarchy as of March 31, 2023 December 31, 2022 Fair value measurement at reporting date using As of Quoted Prices in Active Markets for Identical Assets/Liabilities (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) US$( 000) US$( 000) US$( 000) US$( 000) (Unaudited) Warrant liabilities (Note 14) 84 - - 84 Fair value measurement at reporting date using As of December 31, 2022 Quoted Prices in Active Markets for Identical Assets/Liabilities (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) US$( 000) US$( 000) US$( 000) US$( 000) Warrant liabilities (Note 14) 185 - - 185 g) Reverse stock split The Board of Directors of the Company approved a reverse stock split of the Company’s issued and outstanding shares of common stock, par value $0.001 per share (the “Common Stock”) at a ratio of 1 January 18, 2023 ( no When the Reverse Stock Split became effective, each five one No As a result of the Reverse Stock Split, 35,827,677 shares of Common Stock that were issued and outstanding at January 18, 2023 Except where otherwise specified, all number of shares, number of warrants, share prices, exercise prices and per share data in the condensed consolidated financial statements and notes to the condensed consolidated financial statements have been retroactively restated as if the Reverse Stock Split occurred at the beginning of the periods presented. h) Revenue recognition The following tables present the Company’s revenues disaggregated by products and services and timing of revenue recognition: Three Months Ended March 31, 2023 2022 US$( 000) US$( 000) (Unaudited) (Unaudited) Internet advertising and related services --distribution of the right to use search engine marketing service 6,161 6,594 --online advertising placements 130 1,058 Blockchain-based SaaS services 25 - Total revenues 6,316 7,652 Three Months Ended March 31, 2023 2022 US$( 000) US$( 000) (Unaudited) (Unaudited) Revenue recognized over time 6,316 7,652 Revenue recognized at a point in time - - Total revenues 6,316 7,652 Contract balances The table below summarized the movement of the Company’s contract liabilities (advance from customers) for the three March 31, 2023: Contract liabilities US$( 000) Balance as of January 1, 2023 739 Exchange translation adjustment 8 Revenue recognized from beginning contract liability balance (550 ) Advances received from customers related to unsatisfied performance obligations 523 Balance as of March 31, 2023 (Unaudited) 720 Advance from customers related to unsatisfied performance obligations are generally refundable. Refund of advance from customers were insignificant for both the three March 31, 2023 2022. For the three March 31, 2023 2022, no i) Research and development expenses The Company accounts for expenses for the enhancement, maintenance and technical support to the Company’s Internet platforms and intellectual properties that are used in its daily operations in research and development expenses. Research and development costs are charged to expense when incurred. Expenses for research and development for the three March 31, 2023 2022 US$0.02 US$0.07 j) Lease As of March 31, 2023, US$1.68 US$1.81 Maturity of operating lease liabilities Operating leases US$( 000) (Unaudited) Nine months ending December 31, 2023 329 Year ending December 31, -2024 317 -2025 333 -2026 349 -2027 367 -2028 385 -thereafter 65 Total undiscounted lease payments 2,145 Less: imputed interest (335 ) Total operating lease liabilities as of March 31, 2023 1,810 Including: Operating lease liabilities 310 Operating lease liabilities-Non current 1,500 1,810 Operating lease expenses: Three Months Ended March 31, 2023 2022 US$( 000) US$( 000) (Unaudited) (Unaudited) Long-term operating lease contracts 133 90 Short-term operating lease contracts 6 15 Total 139 105 Supplemental information related to operating leases : Three Months Ended March 31, 2023 2022 US$( 000) US$( 000) (Unaudited) (Unaudited) Operating cash flows used for operating leases (US$’000) 122 86 Right-of-use assets obtained in exchange for new lease liabilities (US$’000) - - Weighted-average remaining lease term (years) 5.62 6.90 Weighted-average discount rate 6 % 6 %

Note 5 - Accounts Receivable, N

Note 5 - Accounts Receivable, Net	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Accounts Receivable Disclosure [Text Block]	5. Accounts receivable, net March 31, 2023 December 31, 2022 US$( 000) US$( 000) (Unaudited) Accounts receivable 5,637 5,505 Allowance for credit loss (4,070 ) (3,760 ) Accounts receivable, net 1,567 1,745 All of the accounts receivable are non-interest bearing. The Company maintains an estimated allowance for credit losses to reduce its accounts receivable to the amount that it believes will be collected. The Company evaluates its accounts receivable on a collective (pool) basis and determines the allowance for credit loss based on aging data, historical collection experience, customer specific facts, current economic conditions and reasonable and supportable forecasts of future economic conditions. For the three March 31, 2023, US$0.22

Note 6 - Prepayment and Deposit

Note 6 - Prepayment and Deposit to Suppliers	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Prepayments and Deposits to Suppliers Disclosure [Text Block]	6. Prepayment and deposit to suppliers March 31, 2023 December 31, 2022 US$( 000) US$( 000) (Unaudited) Deposits to advertising resources providers 866 1,077 Prepayments to advertising resources providers 3,045 3,036 Other deposits and prepayments 479 454 4,390 4,567

Note 7 - Other Current Assets,

Note 7 - Other Current Assets, Net	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Other Current Assets [Text Block]	7. Other current assets, net March 31, 2023 December 31, 2022 US$( 000) US$( 000) Short-term loans to unrelated parties 4,097 2,197 Short-term loans interest receivables 71 22 Staff advances for business operations 9 8 Total other current assets 4,177 2,227 Allowance for credit loss (850 ) (617 ) Other current assets, net 3,327 1,610 As of March 31, 2023, two On January 5, 2022, US$2.5 May 5, 2022. April 2022, US$1.02 US0.06 January 5, 2022 April 30, 2022, US$2.5 US$1.48 April 30, 2023 October 2022 February 2023, U S$0.05 May 1, 2022 December 31, 2022. April 30, 2023, October 31, 2023. May 2023, US$0.02 January 1, 2023 April 30, 2023. On January 11, 2023, US$2.0 July 17, 2023. The Company evaluates its short-term loans provided to unrelated parties for expected credit losses on a regular basis, and maintains an estimated allowance for credit losses to reduce its short-term loans to the amount that it believes will be collected. The Company evaluates its short-term loans on an individual basis and determines the allowance for credit loss based on creditworthiness of the borrowers, aging information, past transaction history with the borrowers and their current condition, as well as the current economic conditions and reasonable and supportable forecasts of future economic conditions. For the three March 31, 2023, US$0.08 As of March 31,2023, US$0.62 March 2021, US$1.65 one March 2022. March 31, 2022, US$1.03 US$0.62 June 2022, US$0.62 March 2023, not not

Note 8 - Long-term Investments

Note 8 - Long-term Investments	3 Months Ended
	Mar. 31, 2023
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, 2023 1,596 Exchange translation adjustment 8 Balance as of March 31, 2023 (Unaudited) 1,604 As of March 31, 2023, 15.38%, 10%, 19% The Company measures these investments which do not

Note 9 - Property and Equipment

Note 9 - Property and Equipment, Net	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	9. Property and equipment, net March 31, 2023 December 31, 2022 US$( 000) US$( 000) (Unaudited) Vehicles 797 855 Office equipment 876 865 Electronic devices 584 575 Leasehold improvement 187 185 Property and equipment, cost 2,444 2,480 Less: accumulated depreciation (2,219 ) (2,231 ) Property and equipment, net 225 249 Depreciation expenses were approximately US$0.02 US$0.03 three March 31, 2023 2022,

Note 10 - Intangible Assets, Ne

Note 10 - Intangible Assets, Net	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Intangible Assets Disclosure [Text Block]	10. Intangible assets, net As of March 31, 2023 (Unaudited) 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 1,351 (937 ) (414 ) - Licensed products use right 1,200 (405 ) - 795 -- 5 Internet Ad tracking system 1,160 (463 ) - 697 Live streaming technology 1,500 (625 ) (875 ) - -- 3 Blockchain integrated framework 4,038 (1,556 ) (1,010 ) 1,472 Bo!News application 349 (116 ) (233 ) - Other computer software 114 (114 ) - - Total $ 9,712 $ (4,216 ) $ (2,532 ) $ 2,964 As of December 31, 2022 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 1,333 (924 ) (409 ) - Licensed products use right 1,201 (374 ) - 827 -- 5 Internet Ad tracking system 1,160 (405 ) - 755 Live streaming technology 1,500 (625 ) (875 ) - -- 3 Blockchain integrated framework 4,038 (1,346 ) (1,010 ) 1,682 Bo!News application 345 (115 ) (230 ) - Other computer software 113 (113 ) - - Total $ 9,690 $ (3,902 ) $ (2,524 ) $ 3,264 Amortization expenses for the three March 31, 2023 2022 US$0.30 US$0.53 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 3.34 years as of March 31, 2023, no US$0.90 December 31, 2023, US$1.19 December 31, 2024, US$0.35 December 31, 2025, US$0.18 December 31, 2026, US$0.12 December 31, 2027 2028.

Note 11 - Accrued Payroll and O

Note 11 - Accrued Payroll and Other Accruals	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	11. Accrued payroll and other accruals March 31, 2023 December 31, 2022 US$( 000) US$( 000) (Unaudited) Accrued payroll and staff welfare 83 101 Accrued operating expenses 183 337 266 438

Note 12 - Taxation

Note 12 - Taxation	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Income Tax Disclosure [Text Block]	12. Taxation As of March 31, 2023 December 31, 2022, March 31, 2023 December 31, 2022 US$( 000) US$( 000) (Unaudited) Turnover tax and surcharge payable 1,297 1,288 Enterprise income tax payable 1,983 1,960 Total taxes payable 3,280 3,248 For the three March 31, 2023 2022, Three Months Ended March 31, 2023 2022 US$( 000) US$( 000) (Unaudited) (Unaudited) Current - - Deferred 1 2 Income tax benefit 1 2 The Company’s deferred tax assets as of March 31, 2023 December 31, 2022 March 31, 2023 December 31, 2022 US$( 000) US$( 000) (Unaudited) Tax effect of net operating losses carried forward 11,812 11,537 Operating lease cost 33 30 Impairment on long-term investments 146 144 Impairment on intangible assets 369 368 Bad debts provision 1,133 1,018 Valuation allowance (13,080 ) (12,691 ) Deferred tax assets, net 413 406 The U.S. holding company has incurred aggregate net operating losses (NOLs) of approximately US$32.0 US$31.8 March 31, 2023 December 31, 2022, 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$16.0 US$15.4 March 31, 2023 December 31, 2022, 2028. The Company recorded approximately US$13.0 US$12.7 March 31, 2023 December 31, 2022, not not For the three March 31, 2023 2022, US$0.30 US$0.32

Note 13 - Long-term Borrowing F

Note 13 - Long-term Borrowing From a Related Party	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Long-Term Borrowing from Director Disclosure [Text Block]	13. 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 Century Technology Development (Beijing) Co., Ltd. (“Rise King WFOE”), which is not one

Note 14 - Warrant Liabilities

Note 14 - Warrant Liabilities	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Warrants Disclosure [Text Block]	14. Warrant liabilities The Company issued common stock purchase warrants to certain institutional investors and the Company’s placement agent in the registered direct offerings consummated in February 2021 ( “2021 December 2020 ( “2020 2021 “2021 “2021 2020 “2020 “2020 2021 2020 Warrants issued in the 2021 2021 Investor Warrants 2021 Placement Agent Warrants March 31, 2023 December 31, 2022 March 31, 2023 December 31, 2022 Stock price $ 1.70 $ 0.46 # $ 1.70 $ 0.46 # Years to maturity 1.38 1.63 1.38 1.63 Risk-free interest rate 4.44 % 4.625 % 4.44 % 4.625 % Dividend yield - - - - Expected volatility 113 % 99.74 % 113 % 99.74 % Exercise Price $ 17.95 $ 3.59 # $ 22.4375 $ 4.4875 # Fair value of the warrant $ 0.0937 $ 0.0329 $ 0.0727 $ 0.0256 Warrant liabilities (US$’000) $ 49 $ 86 $ 5 $ 9 2021 Investor Warrants 2021 Placement Agent Warrants March 31, 2022 December 31, 2021 March 31, 2022 December 31, 2021 Stock price# $ 0.73 $ 1.00 $ 0.73 $ 1.00 Years to maturity 2.38 2.63 2.38 2.63 Risk-free interest rate 2.35 % 0.87 % 2.35 % 0.87 % Dividend yield - - - - Expected volatility 121 % 115 % 121 % 115 % Exercise Price# $ 3.59 $ 3.59 $ 4.4875 $ 4.4875 Fair value of the warrant $ 0.24 $ 0.37 $ 0.23 $ 0.36 Warrant liabilities (US$’000) $ 626 $ 964 $ 84 $ 132 Warrants issued in the 2020 2020 Investor Warrants 2020 Placement Agent Warrants March 31, 2023 December 31, 2022 March 31, 2023 December 31, 2022 Stock price $ 1.70 $ 0.46 # $ 1.70 $ 0.46 # Years to maturity 0.70 0.95 0.70 0.95 Risk-free interest rate 4.80 % 4.716 % 4.80 % 4.716 % Dividend yield - - - - Expected volatility 125 % 115.61 % 125 % 115.61 % Exercise Price $ 10.15 $ 2.03 # $ 10.15 $ 2.03 # Fair value of the warrant $ 0.0731 $ 0.0439 $ 0.0760 $ 0.0456 Warrant liabilities (US$’000) $ 25 $ 76 $ 5 $ 14 2020 Investor Warrants 2020 Placement Agent Warrants March 31, 2022 December 31, 2021 March 31, 2022 December 31, 2021 Stock price# $ 0.73 $ 1.00 $ 0.73 $ 1.00 Years to maturity 1.70 1.95 1.70 1.95 Risk-free interest rate 2.23 % 0.72 % 2.23 % 0.72 % Dividend yield - - - - Expected volatility 127 % 128 % 127 % 128 % Exercise Price# $ 2.03 $ 2.03 $ 2.03 $ 2.03 Fair value of the warrant $ 0.26 $ 0.46 $ 0.28 $ 0.49 Warrant liabilities (US$’000) $ 449 $ 795 $ 85 $ 148 # To reflect the actual inputs used for the determination of fair value of the Warrants, the stock prices and exercise prices presented were not retrospectively restated for effect of the 1 reverse stock split effective on January 18, 2023, see Note 4 Changes in fair value of warrant liabilities Three Months Ended March 31, 2023 ( As of As of Change in Fair Value (US$ 000) (US$ 000) (US$ 000) Fair value of the Warrants: Warrants issued in the 2021 Financing： --Investor Warrants 49 86 (37 ) --Placement Agent Warrants 5 9 (4 ) Warrants issued in the 2020 Financing: --Investor Warrants 25 76 (51 ) --Placement Agent Warrants 5 14 (9 ) Warrant liabilities 84 185 (101 ) Three Months Ended March 31, 2022 ( As of March 31, 2022 As of December 31, 2021 Change in Fair Value (Gain)/Loss (US$ 000) (US$ 000) (US$ 000) Fair value of the Warrants: Warrants issued in the 2021 Financing： --Investor Warrants 626 964 (338 ) --Placement Agent Warrants 84 132 (48 ) Warrants issued in the 2020 Financing: --Investor Warrants 449 795 (346 ) --Placement Agent Warrants 85 148 (63 ) Warrant liabilities 1,244 2,039 (795 ) Warrants issued and outstanding as of March 31, 2023 three Warrant Outstanding Warrant Exercisable Number of Weighted Weighted Number of Weighted Weighted Balance, January 1, 2023 1,000,343 1.36 $ 15.11 1,001,343 1.36 $ 15.11 Granted/Vested - - Exercised - - Balance, March 31, 2023 (Unaudited) 1,000,343 1.11 $ 15.11 1,000,343 1.11 $ 15.11

Note 15 - Restricted Net Assets

Note 15 - Restricted Net Assets	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Restricted Assets Disclosure [Text Block]	15. Restricted net assets The Company is a Nevada holding company with operations primarily conducted in China through its PRC subsidiaries, the consolidated VIEs and VIEs’ subsidiaries. The Company’s ability to pay dividends to U.S. investors may The PRC regulations currently permit payment of dividends only out of accumulated profits, as determined in accordance with PRC accounting standards and regulations. The Company’s PRC subsidiaries, the consolidated VIEs and their subsidiaries in China are also required to set aside at least 10% of their respective after-tax profit based on the PRC accounting standards and regulations each year to the statutory surplus reserve, until the balance in the reserve reaches 50% of the registered capital of the respective PRC entities. In accordance with these PRC laws and regulations, the Company’s PRC subsidiaries, the consolidated VIEs and their subsidiaries are restricted in their ability to transfer a portion of their net assets to the Nevada holding company. As of March 31, 2023 December 31, 2022, US$13.68 US$13.31 none may Under the PRC Enterprise Income Tax (“EIT”) Law and related regulations, dividends, interests, rent or royalties payable by a foreign-invested enterprise to its immediate holding company outside China are subject to a 10% withholding tax. 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. Hong Kong has a tax arrangement with mainland China that provides for a 5% 25% 12 2018 not no not There are no may may may The Company’s PRC subsidiaries generate all of their revenue in Renminbi, Renminbi is not may may not may may may may may To date, none The Company does not not

Note 16 - Employee Defined Cont

Note 16 - Employee Defined Contribution Plan	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Retirement Benefits [Text Block]	16. 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$0.04 US$0.07 three March 31, 2023 2022,

Note 17 - Concentration of Risk

Note 17 - Concentration of Risk	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Concentration Risk Disclosure [Text Block]	17. Concentration of risk Credit risk Financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash and cash equivalents, accounts receivable and loans to unrelated parties. As of Mach 31, 2023, Concentration of customers The following tables summarized the information about the Company’s concentration of customers for the three March 31, 2023 2022, Customer A Customer B Customer C Customer D Customer E Three Months Ended March 31, 2023 Revenues, customer concentration risk * * * * * Three Months Ended March 31, 2022 Revenues, customer concentration risk 13% * * * * As of March 31, 2023 Accounts receivable, customer concentration risk 10% 40% 25% 14% 10% As of December 31, 2022 Accounts receivable, customer concentration risk 16% 33% 24% 16% * * Less than 10%. Concentration of suppliers The following tables summarized the information about the Company’s concentration of suppliers for the three March 31, 2023 2022, Supplier A Supplier B Supplier C Three Months Ended March 31, 2023 Cost of revenues, supplier concentration risk 78% 14% - Three Months Ended March 31, 2022 Cost of revenues, supplier concentration risk * 60% 22% * Less than 10%. - No

Note 18 - Commitments and Conti

Note 18 - Commitments and Contingencies	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	18. Commitments and contingencies In August 2022, RMB6.73 US$0.98 December 31, 2065. In September 2022, RMB0.09 US$0.01 December 31, 2040. The Company may may not

Note 19 - Segment Reporting

Note 19 - Segment Reporting	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	19. Segment reporting The Company follows ASC Topic 280 Three Months Ended March 31, 2023 ( Internet Ad and related Ecommerce Blockchain Corporate Inter- Total US$(‘000) US$(‘000) US$(‘000) US$(‘000) US$(‘000) US$(‘000) Revenues 6,291 - 25 - - 6,316 Cost of revenues 6,420 - 210 - - 6,630 Total operating expenses 349 4 - 645 (1) - 998 Depreciation and amortization expense included in cost of revenues and total operating expenses 91 - 210 21 - 322 Operating loss (478 ) (4 ) (185 ) (645 ) - (1,312 ) Change in fair value of warrant liabilities - - - 101 - 101 Net loss (482 ) (1 ) (186 ) (474 ) (1,143 ) Total assets-March 31, 2023 10,060 154 1,472 38,372 (32,227 ) 17,831 Total assets-December 31, 2022 10,385 156 1,682 39,136 (31,701 ) 19,658 ( 1 Including approximately US$0.04 Three Months Ended March 31, 2022 ( Internet Ad and related Ecommerce Blockchain Corporate Inter- Total US$(‘000) US$(‘000) US$(‘000) US$(‘000) US$(‘000) US$(‘000) Revenues 7,652 - - - - 7,652 Cost of revenues 7,518 - - - - 7,518 Total operating expenses 288 329 368 700 (1) - 1,685 Depreciation and amortization expense included in cost of revenues and total operating expenses 89 75 368 22 - 554 Operating loss (154 ) (329 ) (368 ) (700 ) - (1,551 ) Change in fair value of warrant liabilities - - - 795 - 795 Net (loss)/income (167 ) (328 ) (368 ) 146 (717 ) ( 1 Including approximately US$0.06

Note 20 - Loss Per Share

Note 20 - Loss Per Share	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Earnings Per Share [Text Block]	20. Loss per share Basic and diluted loss per share for each of the periods presented are calculated as follows (All amounts, except number of shares and per share data, are presented in thousands of U.S. dollars): Three Months Ended March 31, 2023 2022 US$( 000) US$( 000) (Unaudited) (Unaudited) Net loss attributable to ZW Data Action Technologies Inc. (numerator for basic and diluted loss per share) $ (1,143 ) $ (717 ) Weighted average number of common shares outstanding -Basic and diluted 7,174,506 7,079,962 Loss per share -Basic and diluted $ (0.16 ) $ (0.10 ) For the three March 31, 2023 2022, not

Note 21 - Share-based Compensat

Note 21 - Share-based Compensation Expenses	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	21. Share-based compensation expenses In June 2022, 12 May 2023. US$1.75 US$0.14 US$0.04 three March 31, 2023. In March 2022, 2020 two December 31, 2022. three March 31, 2022 US$0.02 For the three March 31, 2022, US$0.04 one March 2020. The table below summarized share-based compensation expenses recorded for the three March 31, 2023 2022, Three Months Ended March 31, 2023 2022 US$( 000) US$( 000) (Unaudited) (Unaudited) Sales and marketing expenses - - General and administrative expenses 35 56 Research and development expenses - - Total 35 56 The aggregate unrecognized share-based compensation expenses as of March 31, 2023 US$0.02 December 31, 2023.

Note 22 - Subsequent Events

Note 22 - Subsequent Events	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Subsequent Events [Text Block]	22. Subsequent events In April 2023, 2020 one December 31, 2023. US$0.05 December 31,2023. In March 2020, 19” 19 19 may may 19 19 no May 5, 2023, no 19 Except for the above mentioned matters, there is no

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	a) Basis of presentation The unaudited condensed consolidated interim financial statements are prepared and presented in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The unaudited condensed consolidated interim financial information as of March 31, 2023 three March 31, 2023 2022 10 December 31, 2022, “2022 10 April 17, 2023. In the opinion of management, all adjustments (which include normal recurring adjustments) necessary to present a fair statement of the Company’s condensed consolidated financial position as of March 31, 2023, three March 31, 2023 2022, three March 31, 2023 2022, not
Consolidation, Policy [Policy Text Block]	b) Principles of consolidation The unaudited condensed consolidated interim financial statements include the accounts of all the subsidiaries and VIEs of the Company. All transactions and balances between the Company and its subsidiaries and VIEs have been eliminated upon consolidation.
Use of Estimates, Policy [Policy Text Block]	c) Use of estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the related disclosure of contingent assets and liabilities at the date of these consolidated financial statements, and the reported amounts of revenue and expenses during the reporting period. The Company continually evaluates these estimates and assumptions based on the most recently available information, historical experience and various other assumptions that the Company believes to be reasonable under the circumstances. Since the use of estimates is an integral component of the financial reporting process, actual results could differ from those estimates.
Foreign Currency Transactions and Translations Policy [Policy Text Block]	d) Foreign currency translation The exchange rates used to translate amounts in RMB into US$ for the purposes of preparing the condensed consolidated financial statements are as follows: March 31, 2023 December 31, 2022 Balance sheet items, except for equity accounts 6.8717 6.9646 Three Months Ended March 31, 2023 2022 Items in the statements of operations and comprehensive loss 6.8476 6.3504 No
Credit Loss, Financial Instrument [Policy Text Block]	e) Current expected credit losses In June 2016, No. 2016 13, 326 January 1, 2023, not January 1, 2023 US$0.19 US$0.04 US$0.15 The allowance for credit losses reflects the Company's current estimate of credit losses expected to be incurred over the life of the related financial assets. The allowance for credit losses is presented as a valuation account that is deducted from the amortized cost basis of financial asset(s) to present the net amount expected to be collected on the financial asset(s). The Company considers various factors in establishing, monitoring, and adjusting its allowance for credit losses, including the aging and aging trends, customer/other parties’ creditworthiness and specific exposures related to particular customers/other parties. The Company also monitors other risk factors and forward-looking information, such as country specific risks and economic factors that may The following tables summarized the movements of the Company’s credit losses for the three March 31, 2023 2022, Three Months Ended March 31, 2023 2022 US$( 000) US$( 000) (Unaudited) (Unaudited) Credit loss for accounts receivable: Balance as of beginning of the period 3,760 2,236 Cumulative-effect adjustment upon adoption of ASU No. 2016-13, Financial Instruments-Credit losses (Topic 326) 36 - Provision for credit loss during the period 223 - Written off during the period - - Exchange translation adjustments 51 9 Balance as of end of the period 4,070 2,245 Three Months Ended March 31, 2023 2022 US$( 000) US$( 000) (Unaudited) (Unaudited) Credit loss for other current assets: Balance as of beginning of the period 617 - Cumulative-effect adjustment upon adoption of ASU No. 2016-13, Financial Instruments-Credit losses (Topic 326) 155 - Provision for credit loss during the period 78 - Written off during the period - - Exchange translation adjustments - - Balance as of end of the period 850 -
Fair Value Measurement, Policy [Policy Text Block]	f) Fair value measurement Liabilities measured at fair value on a recurring basis by level within the fair value hierarchy as of March 31, 2023 December 31, 2022 Fair value measurement at reporting date using As of Quoted Prices in Active Markets for Identical Assets/Liabilities (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) US$( 000) US$( 000) US$( 000) US$( 000) (Unaudited) Warrant liabilities (Note 14) 84 - - 84 Fair value measurement at reporting date using As of December 31, 2022 Quoted Prices in Active Markets for Identical Assets/Liabilities (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) US$( 000) US$( 000) US$( 000) US$( 000) Warrant liabilities (Note 14) 185 - - 185
Stockholders' Equity, Policy [Policy Text Block]	g) Reverse stock split The Board of Directors of the Company approved a reverse stock split of the Company’s issued and outstanding shares of common stock, par value $0.001 per share (the “Common Stock”) at a ratio of 1 January 18, 2023 ( no When the Reverse Stock Split became effective, each five one No As a result of the Reverse Stock Split, 35,827,677 shares of Common Stock that were issued and outstanding at January 18, 2023 Except where otherwise specified, all number of shares, number of warrants, share prices, exercise prices and per share data in the condensed consolidated financial statements and notes to the condensed consolidated financial statements have been retroactively restated as if the Reverse Stock Split occurred at the beginning of the periods presented.
Revenue from Contract with Customer [Policy Text Block]	h) Revenue recognition The following tables present the Company’s revenues disaggregated by products and services and timing of revenue recognition: Three Months Ended March 31, 2023 2022 US$( 000) US$( 000) (Unaudited) (Unaudited) Internet advertising and related services --distribution of the right to use search engine marketing service 6,161 6,594 --online advertising placements 130 1,058 Blockchain-based SaaS services 25 - Total revenues 6,316 7,652 Three Months Ended March 31, 2023 2022 US$( 000) US$( 000) (Unaudited) (Unaudited) Revenue recognized over time 6,316 7,652 Revenue recognized at a point in time - - Total revenues 6,316 7,652 Contract balances The table below summarized the movement of the Company’s contract liabilities (advance from customers) for the three March 31, 2023: Contract liabilities US$( 000) Balance as of January 1, 2023 739 Exchange translation adjustment 8 Revenue recognized from beginning contract liability balance (550 ) Advances received from customers related to unsatisfied performance obligations 523 Balance as of March 31, 2023 (Unaudited) 720 Advance from customers related to unsatisfied performance obligations are generally refundable. Refund of advance from customers were insignificant for both the three March 31, 2023 2022. For the three March 31, 2023 2022, no
Research and Development Expense, Policy [Policy Text Block]	i) Research and development expenses The Company accounts for expenses for the enhancement, maintenance and technical support to the Company’s Internet platforms and intellectual properties that are used in its daily operations in research and development expenses. Research and development costs are charged to expense when incurred. Expenses for research and development for the three March 31, 2023 2022 US$0.02 US$0.07
Lessee, Leases [Policy Text Block]	j) Lease As of March 31, 2023, US$1.68 US$1.81 Maturity of operating lease liabilities Operating leases US$( 000) (Unaudited) Nine months ending December 31, 2023 329 Year ending December 31, -2024 317 -2025 333 -2026 349 -2027 367 -2028 385 -thereafter 65 Total undiscounted lease payments 2,145 Less: imputed interest (335 ) Total operating lease liabilities as of March 31, 2023 1,810 Including: Operating lease liabilities 310 Operating lease liabilities-Non current 1,500 1,810 Operating lease expenses: Three Months Ended March 31, 2023 2022 US$( 000) US$( 000) (Unaudited) (Unaudited) Long-term operating lease contracts 133 90 Short-term operating lease contracts 6 15 Total 139 105 Supplemental information related to operating leases : Three Months Ended March 31, 2023 2022 US$( 000) US$( 000) (Unaudited) (Unaudited) Operating cash flows used for operating leases (US$’000) 122 86 Right-of-use assets obtained in exchange for new lease liabilities (US$’000) - - Weighted-average remaining lease term (years) 5.62 6.90 Weighted-average discount rate 6 % 6 %

Note 2 - Variable Interest En_2

Note 2 - Variable Interest Entities (Tables)	3 Months Ended
	Mar. 31, 2023
Notes Tables
Schedule of Variable Interest Entities [Table Text Block]	March 31, 2023 December 31, US$( 000) US$( 000) (Unaudited) Assets Current assets: Cash and cash equivalents $ 340 $ 578 Accounts receivable, net 1,567 1,745 Prepayment and deposit to suppliers 1,931 2,020 Other current assets 3 2 Total current assets 3,841 4,345 Long-term investments 167 165 Operating lease right-of-use assets 98 145 Property and equipment, net 104 113 Deferred tax assets, net 413 406 Total Assets $ 4,623 $ 5,174 Liabilities Current liabilities: Accounts payable $ 218 $ 205 Advances from customers 667 515 Accrued payroll and other accruals 39 63 Taxes payable 2,629 2,602 Operating lease liabilities 99 146 Lease payment liabilities related to short-term leases 103 101 Other current liabilities 204 320 Total current liabilities 3,959 3,952 Total Liabilities $ 3,959 $ 3,952
Financial Performance of VIEs [Table Text Block]	Three Months Ended March 31, 2023 2022 US$( 000) US$( 000) (Unaudited) (Unaudited) Revenues $ 6,148 $ 7,198 Cost of revenues (6,327 ) (7,518 ) Total operating expenses (370 ) (259 ) Net loss before allocation to noncontrolling interests (550 ) (585 )

Note 4 - Summary of Significa_2

Note 4 - Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2023
Notes Tables
Foreign Currency Exchange Rates [Table Text Block]	March 31, 2023 December 31, 2022 Balance sheet items, except for equity accounts 6.8717 6.9646 Three Months Ended March 31, 2023 2022 Items in the statements of operations and comprehensive loss 6.8476 6.3504
Financing Receivable, Current, Allowance for Credit Loss [Table Text Block]	Three Months Ended March 31, 2023 2022 US$( 000) US$( 000) (Unaudited) (Unaudited) Credit loss for accounts receivable: Balance as of beginning of the period 3,760 2,236 Cumulative-effect adjustment upon adoption of ASU No. 2016-13, Financial Instruments-Credit losses (Topic 326) 36 - Provision for credit loss during the period 223 - Written off during the period - - Exchange translation adjustments 51 9 Balance as of end of the period 4,070 2,245 Three Months Ended March 31, 2023 2022 US$( 000) US$( 000) (Unaudited) (Unaudited) Credit loss for other current assets: Balance as of beginning of the period 617 - Cumulative-effect adjustment upon adoption of ASU No. 2016-13, Financial Instruments-Credit losses (Topic 326) 155 - Provision for credit loss during the period 78 - Written off during the period - - Exchange translation adjustments - - Balance as of end of the period 850 -
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]	Fair value measurement at reporting date using As of 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) (Unaudited) Warrant liabilities (Note 14) 84 - - 84 Fair value measurement at reporting date using As of December 31, 2022 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 (Note 14) 185 - - 185
Disaggregation of Revenue [Table Text Block]	Three Months Ended March 31, 2023 2022 US$( 000) US$( 000) (Unaudited) (Unaudited) Internet advertising and related services --distribution of the right to use search engine marketing service 6,161 6,594 --online advertising placements 130 1,058 Blockchain-based SaaS services 25 - Total revenues 6,316 7,652 Three Months Ended March 31, 2023 2022 US$( 000) US$( 000) (Unaudited) (Unaudited) Revenue recognized over time 6,316 7,652 Revenue recognized at a point in time - - Total revenues 6,316 7,652
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]	Contract liabilities US$( 000) Balance as of January 1, 2023 739 Exchange translation adjustment 8 Revenue recognized from beginning contract liability balance (550 ) Advances received from customers related to unsatisfied performance obligations 523 Balance as of March 31, 2023 (Unaudited) 720
Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block]	Operating leases US$( 000) (Unaudited) Nine months ending December 31, 2023 329 Year ending December 31, -2024 317 -2025 333 -2026 349 -2027 367 -2028 385 -thereafter 65 Total undiscounted lease payments 2,145 Less: imputed interest (335 ) Total operating lease liabilities as of March 31, 2023 1,810 Including: Operating lease liabilities 310 Operating lease liabilities-Non current 1,500 1,810
Lease, Cost [Table Text Block]	Three Months Ended March 31, 2023 2022 US$( 000) US$( 000) (Unaudited) (Unaudited) Long-term operating lease contracts 133 90 Short-term operating lease contracts 6 15 Total 139 105 Three Months Ended March 31, 2023 2022 US$( 000) US$( 000) (Unaudited) (Unaudited) Operating cash flows used for operating leases (US$’000) 122 86 Right-of-use assets obtained in exchange for new lease liabilities (US$’000) - - Weighted-average remaining lease term (years) 5.62 6.90 Weighted-average discount rate 6 % 6 %

Note 5 - Accounts Receivable,_2

Note 5 - Accounts Receivable, Net (Tables)	3 Months Ended
	Mar. 31, 2023
Notes Tables
Schedule of Accounts Receivable [Table Text Block]	March 31, 2023 December 31, 2022 US$( 000) US$( 000) (Unaudited) Accounts receivable 5,637 5,505 Allowance for credit loss (4,070 ) (3,760 ) Accounts receivable, net 1,567 1,745

Note 6 - Prepayment and Depos_2

Note 6 - Prepayment and Deposit to Suppliers (Tables)	3 Months Ended
	Mar. 31, 2023
Notes Tables
Schedule of Prepayments and Deposit to Suppliers [Table Text Block]	March 31, 2023 December 31, 2022 US$( 000) US$( 000) (Unaudited) Deposits to advertising resources providers 866 1,077 Prepayments to advertising resources providers 3,045 3,036 Other deposits and prepayments 479 454 4,390 4,567

Note 7 - Other Current Assets_2

Note 7 - Other Current Assets, Net (Tables)	3 Months Ended
	Mar. 31, 2023
Notes Tables
Schedule of Other Current Assets [Table Text Block]	March 31, 2023 December 31, 2022 US$( 000) US$( 000) Short-term loans to unrelated parties 4,097 2,197 Short-term loans interest receivables 71 22 Staff advances for business operations 9 8 Total other current assets 4,177 2,227 Allowance for credit loss (850 ) (617 ) Other current assets, net 3,327 1,610

Note 8 - Long-term Investments

Note 8 - Long-term Investments (Tables)	3 Months Ended
	Mar. 31, 2023
Notes Tables
Other Investments Not Readily Marketable [Table Text Block]	Amount US$( 000) Balance as of January 1, 2023 1,596 Exchange translation adjustment 8 Balance as of March 31, 2023 (Unaudited) 1,604

Note 9 - Property and Equipme_2

Note 9 - Property and Equipment, Net (Tables)	3 Months Ended
	Mar. 31, 2023
Notes Tables
Schedule of Property and Equipment [Table Text Block]	March 31, 2023 December 31, 2022 US$( 000) US$( 000) (Unaudited) Vehicles 797 855 Office equipment 876 865 Electronic devices 584 575 Leasehold improvement 187 185 Property and equipment, cost 2,444 2,480 Less: accumulated depreciation (2,219 ) (2,231 ) Property and equipment, net 225 249

Note 10 - Intangible Assets, _2

Note 10 - Intangible Assets, Net (Tables)	3 Months Ended
	Mar. 31, 2023
Notes Tables
Schedule of Finite and Indefinite-Lived Intangible Assets [Table Text Block]	As of March 31, 2023 (Unaudited) 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 1,351 (937 ) (414 ) - Licensed products use right 1,200 (405 ) - 795 -- 5 Internet Ad tracking system 1,160 (463 ) - 697 Live streaming technology 1,500 (625 ) (875 ) - -- 3 Blockchain integrated framework 4,038 (1,556 ) (1,010 ) 1,472 Bo!News application 349 (116 ) (233 ) - Other computer software 114 (114 ) - - Total $ 9,712 $ (4,216 ) $ (2,532 ) $ 2,964 As of December 31, 2022 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 1,333 (924 ) (409 ) - Licensed products use right 1,201 (374 ) - 827 -- 5 Internet Ad tracking system 1,160 (405 ) - 755 Live streaming technology 1,500 (625 ) (875 ) - -- 3 Blockchain integrated framework 4,038 (1,346 ) (1,010 ) 1,682 Bo!News application 345 (115 ) (230 ) - Other computer software 113 (113 ) - - Total $ 9,690 $ (3,902 ) $ (2,524 ) $ 3,264

Note 11 - Accrued Payroll and_2

Note 11 - Accrued Payroll and Other Accruals (Tables)	3 Months Ended
	Mar. 31, 2023
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	March 31, 2023 December 31, 2022 US$( 000) US$( 000) (Unaudited) Accrued payroll and staff welfare 83 101 Accrued operating expenses 183 337 266 438

Note 12 - Taxation (Tables)

Note 12 - Taxation (Tables)	3 Months Ended
	Mar. 31, 2023
Notes Tables
Schedule Of Taxes Payable [Table Text Block]	March 31, 2023 December 31, 2022 US$( 000) US$( 000) (Unaudited) Turnover tax and surcharge payable 1,297 1,288 Enterprise income tax payable 1,983 1,960 Total taxes payable 3,280 3,248
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	Three Months Ended March 31, 2023 2022 US$( 000) US$( 000) (Unaudited) (Unaudited) Current - - Deferred 1 2 Income tax benefit 1 2
Schedule Of Deferred Tax Assets [Table Text Block]	March 31, 2023 December 31, 2022 US$( 000) US$( 000) (Unaudited) Tax effect of net operating losses carried forward 11,812 11,537 Operating lease cost 33 30 Impairment on long-term investments 146 144 Impairment on intangible assets 369 368 Bad debts provision 1,133 1,018 Valuation allowance (13,080 ) (12,691 ) Deferred tax assets, net 413 406

Note 14 - Warrant Liabilities (

Note 14 - Warrant Liabilities (Tables)	3 Months Ended
	Mar. 31, 2023
Notes Tables
Schedule of Warrant Liabilities [Table Text Block]	As of As of Change in Fair Value (US$ 000) (US$ 000) (US$ 000) Fair value of the Warrants: Warrants issued in the 2021 Financing： --Investor Warrants 49 86 (37 ) --Placement Agent Warrants 5 9 (4 ) Warrants issued in the 2020 Financing: --Investor Warrants 25 76 (51 ) --Placement Agent Warrants 5 14 (9 ) Warrant liabilities 84 185 (101 ) As of March 31, 2022 As of December 31, 2021 Change in Fair Value (Gain)/Loss (US$ 000) (US$ 000) (US$ 000) Fair value of the Warrants: Warrants issued in the 2021 Financing： --Investor Warrants 626 964 (338 ) --Placement Agent Warrants 84 132 (48 ) Warrants issued in the 2020 Financing: --Investor Warrants 449 795 (346 ) --Placement Agent Warrants 85 148 (63 ) Warrant liabilities 1,244 2,039 (795 )
Schedule of Warrant Activity [Table Text Block]	Warrant Outstanding Warrant Exercisable Number of Weighted Weighted Number of Weighted Weighted Balance, January 1, 2023 1,000,343 1.36 $ 15.11 1,001,343 1.36 $ 15.11 Granted/Vested - - Exercised - - Balance, March 31, 2023 (Unaudited) 1,000,343 1.11 $ 15.11 1,000,343 1.11 $ 15.11
Warrant [Member]
Notes Tables
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]	2021 Investor Warrants 2021 Placement Agent Warrants March 31, 2023 December 31, 2022 March 31, 2023 December 31, 2022 Stock price $ 1.70 $ 0.46 # $ 1.70 $ 0.46 # Years to maturity 1.38 1.63 1.38 1.63 Risk-free interest rate 4.44 % 4.625 % 4.44 % 4.625 % Dividend yield - - - - Expected volatility 113 % 99.74 % 113 % 99.74 % Exercise Price $ 17.95 $ 3.59 # $ 22.4375 $ 4.4875 # Fair value of the warrant $ 0.0937 $ 0.0329 $ 0.0727 $ 0.0256 Warrant liabilities (US$’000) $ 49 $ 86 $ 5 $ 9 2021 Investor Warrants 2021 Placement Agent Warrants March 31, 2022 December 31, 2021 March 31, 2022 December 31, 2021 Stock price# $ 0.73 $ 1.00 $ 0.73 $ 1.00 Years to maturity 2.38 2.63 2.38 2.63 Risk-free interest rate 2.35 % 0.87 % 2.35 % 0.87 % Dividend yield - - - - Expected volatility 121 % 115 % 121 % 115 % Exercise Price# $ 3.59 $ 3.59 $ 4.4875 $ 4.4875 Fair value of the warrant $ 0.24 $ 0.37 $ 0.23 $ 0.36 Warrant liabilities (US$’000) $ 626 $ 964 $ 84 $ 132 2020 Investor Warrants 2020 Placement Agent Warrants March 31, 2023 December 31, 2022 March 31, 2023 December 31, 2022 Stock price $ 1.70 $ 0.46 # $ 1.70 $ 0.46 # Years to maturity 0.70 0.95 0.70 0.95 Risk-free interest rate 4.80 % 4.716 % 4.80 % 4.716 % Dividend yield - - - - Expected volatility 125 % 115.61 % 125 % 115.61 % Exercise Price $ 10.15 $ 2.03 # $ 10.15 $ 2.03 # Fair value of the warrant $ 0.0731 $ 0.0439 $ 0.0760 $ 0.0456 Warrant liabilities (US$’000) $ 25 $ 76 $ 5 $ 14 2020 Investor Warrants 2020 Placement Agent Warrants March 31, 2022 December 31, 2021 March 31, 2022 December 31, 2021 Stock price# $ 0.73 $ 1.00 $ 0.73 $ 1.00 Years to maturity 1.70 1.95 1.70 1.95 Risk-free interest rate 2.23 % 0.72 % 2.23 % 0.72 % Dividend yield - - - - Expected volatility 127 % 128 % 127 % 128 % Exercise Price# $ 2.03 $ 2.03 $ 2.03 $ 2.03 Fair value of the warrant $ 0.26 $ 0.46 $ 0.28 $ 0.49 Warrant liabilities (US$’000) $ 449 $ 795 $ 85 $ 148

Note 17 - Concentration of Ri_2

Note 17 - Concentration of Risk (Tables)	3 Months Ended
	Mar. 31, 2023
Notes Tables
Schedules of Concentration of Risk, by Risk Factor [Table Text Block]	Customer A Customer B Customer C Customer D Customer E Three Months Ended March 31, 2023 Revenues, customer concentration risk * * * * * Three Months Ended March 31, 2022 Revenues, customer concentration risk 13% * * * * As of March 31, 2023 Accounts receivable, customer concentration risk 10% 40% 25% 14% 10% As of December 31, 2022 Accounts receivable, customer concentration risk 16% 33% 24% 16% * Supplier A Supplier B Supplier C Three Months Ended March 31, 2023 Cost of revenues, supplier concentration risk 78% 14% - Three Months Ended March 31, 2022 Cost of revenues, supplier concentration risk * 60% 22%

Note 19 - Segment Reporting (Ta

Note 19 - Segment Reporting (Tables)	3 Months Ended
	Mar. 31, 2023
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Internet Ad and related Ecommerce Blockchain Corporate Inter- Total US$(‘000) US$(‘000) US$(‘000) US$(‘000) US$(‘000) US$(‘000) Revenues 6,291 - 25 - - 6,316 Cost of revenues 6,420 - 210 - - 6,630 Total operating expenses 349 4 - 645 (1) - 998 Depreciation and amortization expense included in cost of revenues and total operating expenses 91 - 210 21 - 322 Operating loss (478 ) (4 ) (185 ) (645 ) - (1,312 ) Change in fair value of warrant liabilities - - - 101 - 101 Net loss (482 ) (1 ) (186 ) (474 ) (1,143 ) Total assets-March 31, 2023 10,060 154 1,472 38,372 (32,227 ) 17,831 Total assets-December 31, 2022 10,385 156 1,682 39,136 (31,701 ) 19,658 Internet Ad and related Ecommerce Blockchain Corporate Inter- Total US$(‘000) US$(‘000) US$(‘000) US$(‘000) US$(‘000) US$(‘000) Revenues 7,652 - - - - 7,652 Cost of revenues 7,518 - - - - 7,518 Total operating expenses 288 329 368 700 (1) - 1,685 Depreciation and amortization expense included in cost of revenues and total operating expenses 89 75 368 22 - 554 Operating loss (154 ) (329 ) (368 ) (700 ) - (1,551 ) Change in fair value of warrant liabilities - - - 795 - 795 Net (loss)/income (167 ) (328 ) (368 ) 146 (717 )

Note 20 - Loss Per Share (Table

Note 20 - Loss Per Share (Tables)	3 Months Ended
	Mar. 31, 2023
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended March 31, 2023 2022 US$( 000) US$( 000) (Unaudited) (Unaudited) Net loss attributable to ZW Data Action Technologies Inc. (numerator for basic and diluted loss per share) $ (1,143 ) $ (717 ) Weighted average number of common shares outstanding -Basic and diluted 7,174,506 7,079,962 Loss per share -Basic and diluted $ (0.16 ) $ (0.10 )

Note 21 - Share-based Compens_2

Note 21 - Share-based Compensation Expenses (Tables)	3 Months Ended
	Mar. 31, 2023
Notes Tables
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]	Three Months Ended March 31, 2023 2022 US$( 000) US$( 000) (Unaudited) (Unaudited) Sales and marketing expenses - - General and administrative expenses 35 56 Research and development expenses - - Total 35 56

Note 2 - Variable Interest En_3

Note 2 - Variable Interest Entities - Consolidated VIEs' Assets and Liabilities (Details) - USD ($) $ in Thousands		Mar. 31, 2023	Dec. 31, 2022
Cash and Cash Equivalents, at Carrying Value		$ 1,592	$ 4,391
Accounts receivable, net		1,567	1,745
Prepayment and deposit to suppliers		4,390	4,567
Other current assets		3,327	1,610
Total current assets		10,876	12,313
Long-term investments		1,604	1,596
Operating Lease, Right-of-Use Asset		1,680	1,761
Property and equipment, net		225	249
Deferred tax assets, net		413	406
Total Assets		17,831	19,658
Accounts payable	[1]	218	205
Advances from customers	[1]	720	739
Accrued payroll and other accruals	[1]	266	438
Taxes payable	[1]	3,280	3,248
Operating lease liabilities	[1]	310	347
Lease payment liabilities related to short-term leases	[1]	103	101
Other current liabilities	[1]	341	437
Total current liabilities		5,322	5,700
Total Liabilities		6,949	7,361
Variable Interest Entity, Primary Beneficiary [Member]
Cash and Cash Equivalents, at Carrying Value		340	578
Accounts receivable, net		1,567	1,745
Prepayment and deposit to suppliers		1,931	2,020
Other current assets		3	2
Total current assets		3,841	4,345
Long-term investments		167	165
Operating Lease, Right-of-Use Asset		98	145
Property and equipment, net		104	113
Deferred tax assets, net		413	406
Total Assets		4,623	5,174
Accounts payable		218	205
Advances from customers		667	515
Accrued payroll and other accruals		39	63
Taxes payable		2,629	2,602
Operating lease liabilities		99	146
Lease payment liabilities related to short-term leases		103	101
Other current liabilities		204	320
Total current liabilities		3,959	3,952
Total Liabilities		$ 3,959	$ 3,952
[1]Liabilities recognized as a result of consolidating these VIEs do not represent additional claims on the Company’s general assets (Note 2).

Note 2 - Variable Interest En_4

Note 2 - Variable Interest Entities - Consolidated VIEs' Financial Performance (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Revenues	$ 6,316	$ 7,652
Cost of revenues	(6,630)	(7,518)
Total operating expenses	998	1,685
Net loss before allocation to noncontrolling interests	(1,143)	(717)
Variable Interest Entity, Primary Beneficiary [Member]
Revenues	6,148	7,198
Cost of revenues	(6,327)	(7,518)
Total operating expenses	(370)	(259)
Net loss before allocation to noncontrolling interests	$ (550)	$ (585)

Note 3 - Liquidity and Capita_2

Note 3 - Liquidity and Capital Resources (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Operating Income (Loss)	$ (1,312)	$ (1,551)
Net Cash Provided by (Used in) Operating Activities	(916)	$ (890)
Cash and Cash Equivalents, at Carrying Value	1,592		$ 4,391
Working Capital	$ 5,550

Note 4 - Summary of Significa_3

Note 4 - Summary of Significant Accounting Policies (Details Textual) $ / shares in Units, $ in Thousands		3 Months Ended
	Jan. 18, 2023 shares	Mar. 31, 2023 USD ($) $ / shares shares	Mar. 31, 2022 USD ($)	Jan. 17, 2023 shares	Jan. 01, 2023 USD ($)	Dec. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2021 USD ($)
Retained Earnings (Accumulated Deficit)		$ (54,859)				$ (53,525)
Accounts Receivable, Allowance for Credit Loss		4,070	$ 2,245			3,760	$ 2,236
Financing Receivable, Allowance for Credit Loss		$ 850	0			$ 617	0
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares		$ 0.001				$ 0.001
Common Stock, Shares Authorized (in shares) | shares	20,000,000	20,000,000		100,000,000		20,000,000
Stock Issued During Period, Fractional Shares, Reverse Stock Splits (in shares) | shares	0
Common Stock, Shares, Issued (in shares) | shares	7,174,506	7,174,506		35,827,677		7,174,506
Research and Development Expense		$ 18	$ 68
Operating Lease, Right-of-Use Asset		1,680				$ 1,761
Operating Lease, Liability		1,810
Other Current Assets [Member]
Operating Lease, Right-of-Use Asset		1,680
Other Current Liabilities [Member]
Operating Lease, Liability		$ 1,810
Reverse Stock Split [Member]
Stockholders' Equity Note, Stock Split, Conversion Ratio	5
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Retained Earnings (Accumulated Deficit)					$ (190)
Accounts Receivable, Allowance for Credit Loss					40	36	0
Financing Receivable, Allowance for Credit Loss					$ 150	$ 155	$ 0

Note 4 - Summary of Significa_4

Note 4 - Summary of Significant Accounting Policies - Exchange Rates Used to Translate Amounts in RMB Into US$ (Details)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Balance sheet items, except for equity accounts	6.8717		6.9646
Items in the statements of operations and comprehensive loss	6.8476	6.3504

Note 4 - Summary of Significa_5

Note 4 - Summary of Significant Accounting Policies - Allowance for Credit Loss (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Balance	$ 3,760	$ 2,236
Accounts Receivable, Credit Loss Expense (Reversal)	223	0
Written off during the period	0	0
Exchange translation adjustments	51	9
Balance as of end of the period	4,070	2,245
Balance	617	0
Provision for credit loss during the period	78	0
Written off during the period	0	0
Exchange translation adjustments	0	0
Balance	850	0
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Balance	36	0
Balance	$ 155	$ 0

Note 4 - Summary of Significa_6

Note 4 - Summary of Significant Accounting Policies - Summary of Assets and Liabilities Measured at Fair Value on a Recurring and Nonrecurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Warrant liabilities (Note 14)	$ 84	$ 185
Fair Value, Recurring [Member]
Warrant liabilities (Note 14)	84	185
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Warrant liabilities (Note 14)	0	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Warrant liabilities (Note 14)	0	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Warrant liabilities (Note 14)	$ 84	$ 185

Note 4 - Summary of Significa_7

Note 4 - Summary of Significant Accounting Policies - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Revenues	$ 6,316	$ 7,652
Search Engine Marketing and Data Service [Member]
Revenues	6,161	6,594
Online Advertising Placement [Member]
Revenues	130	1,058
Blockchain-based SaaS services [Member]
Revenues	25	0
Transferred over Time [Member]
Revenues	6,316	7,652
Transferred at Point in Time [Member]
Revenues	$ 0	$ 0

Note 4 - Summary of Significa_8

Note 4 - Summary of Significant Accounting Policies - Contract liabilities (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2023 USD ($)
Balance	$ 739
Exchange translation adjustment	8
Revenue recognized from beginning contract liability balance	(550)
Advances received from customers related to unsatisfied performance obligations	523
Balance	$ 720

Note 4 - Summary of Significa_9

Note 4 - Summary of Significant Accounting Policies - Maturity of Operating Lease Liabilities (Details) - USD ($) $ in Thousands		Mar. 31, 2023	Dec. 31, 2022
Nine months ending December 31, 2023		$ 329
-2024		317
-2025		333
-2026		349
-2027		367
-2028		385
-thereafter		65
Total undiscounted lease payments		2,145
Less: imputed interest		(335)
Total operating lease liabilities as of March 31, 2023		1,810
Operating lease liabilities-current	[1]	310	$ 347
Operating lease liabilities-Non current		$ 1,500	$ 1,535
[1]Liabilities recognized as a result of consolidating these VIEs do not represent additional claims on the Company’s general assets (Note 2).

Note 4 - Summary of Signific_10

Note 4 - Summary of Significant Accounting Policies - Operating Lease Expenses and Supplemental Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Long-term operating lease contracts	$ 133	$ 90
Short-term operating lease contracts	6	15
Total	139	105
Operating cash flows used for operating leases (US$’000)	122	86
Right-of-use assets obtained in exchange for new lease liabilities (US$’000)	$ 0	$ 0
Weighted-average remaining lease term (Year)	5 years 7 months 13 days	6 years 10 months 24 days
Weighted-average discount rate	6%	6%

Note 5 - Accounts Receivable,_3

Note 5 - Accounts Receivable, Net (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Accounts Receivable, Credit Loss Expense (Reversal)	$ 223	$ 0

Note 5 - Accounts Receivable,_4

Note 5 - Accounts Receivable, Net - Accounts Receivable, Net (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Accounts receivable	$ 5,637	$ 5,505
Allowance for credit loss	(4,070)	(3,760)
Accounts receivable, net	$ 1,567	$ 1,745

Note 6 - Prepayment and Depos_3

Note 6 - Prepayment and Deposit to Suppliers - Prepayments and Deposit to Suppliers (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Prepayment and deposit to suppliers	$ 4,390	$ 4,567
Deposits to TV Ad and Internet Ad Resources Providers [Member]
Prepayment and deposit to suppliers	866	1,077
Prepayment to TV Ad and Internet Ad Resources Providers [Member]
Prepayment and deposit to suppliers	3,045	3,036
Other Deposits and Prepayments [Member]
Prepayment and deposit to suppliers	$ 479	$ 454

Note 7 - Other Current Assets_3

Note 7 - Other Current Assets, Net (Details Textual) - USD ($) $ in Thousands

1 Months Ended

4 Months Ended

Apr. 25, 2022

Mar. 31, 2022

May 31, 2023

Feb. 28, 2023

Oct. 31, 2022

Mar. 31, 2021

Apr. 30, 2022

Mar. 31, 2023

Jan. 11, 2023

Dec. 31, 2022

Jun. 30, 2022

May 01, 2022

Jan. 05, 2022

Dec. 31, 2021

Financing Receivable, before Allowance for Credit Loss, Current

$ 4,097

$ 2,197

Financing Receivable, Allowance for Credit Loss, Current

850

617

Financing Receivable, Allowance for Credit Loss

$ 0

850

$ 617

$ 0

Loan to Unrelated Party [Member]

Financing Receivable, before Allowance for Credit Loss, Current

$ 2,500

Loans Receivable, Interest Rate, Stated Percentage

7.50%

Proceeds from Collection of Notes Receivable

$ 1,020

Proceeds from Interest Received

$ 60

Revised Loan to Original Unrelated Party [Member]

Financing Receivable, before Allowance for Credit Loss, Current

$ 1,480

Loans Receivable, Interest Rate, Stated Percentage

5%

Proceeds from Interest Received

$ 50

$ 50

Revised Loan to Original Unrelated Party [Member] | Subsequent Event [Member]

Proceeds from Interest Received

$ 20

Second Loan to Unrelated Party [Member]

Financing Receivable, before Allowance for Credit Loss, Current

$ 2,000

Loans Receivable, Interest Rate, Stated Percentage

12%

Working Capital Loan to Unrelated Parties [Member]

Financing Receivable, Allowance for Credit Loss, Current

80

Digital Sun [Member]

Financing Receivable, before Allowance for Credit Loss, Current

$ 1,650

Proceeds from Collection of Notes Receivable

1,030

Notes And Loans Receivable, Term (Year)

1 year

Financing Receivable, Troubled Debt Restructuring, Subsequent Default

$ 620

Financing Receivable, Allowance for Credit Loss

$ 620

Digital Sun [Member] | Other Current Assets [Member]

Financing Receivable, after Allowance for Credit Loss, Current, Total

$ 620

Note 7 - Other Current Assets_4

Note 7 - Other Current Assets, Net - Summary of Other Current Assets, Net (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Short-term loans to unrelated parties	$ 4,097	$ 2,197
Short-term loans interest receivables	71	22
Staff advances for business operations	9	8
Total other current assets	4,177	2,227
Allowance for credit loss	(850)	(617)
Other current assets, net	$ 3,327	$ 1,610

Note 8 - Long-term Investment_2

Note 8 - Long-term Investments (Details Textual)	Mar. 31, 2023	Sep. 30, 2022	Aug. 31, 2022
New Business Holdings Limited [Member]
Equity Securities without Readily Determinable Fair Value, Percent	15.38%
Guang Dong WeFriend Co., Ltd [Member]
Equity Securities without Readily Determinable Fair Value, Percent	10%
Guangdong Yong Fu Xiang Health Management Co., Ltd (Yong Fu Xiang) [Member]
Equity Securities without Readily Determinable Fair Value, Percent	9.90%		9.90%
Guangzhou Yuan Qi Man Man Technology Co., Ltd. (Yuan Qi Man Man) [Member]
Equity Securities without Readily Determinable Fair Value, Percent	9%	9%
Business Opportunity Chain [Member]
Equity Securities without Readily Determinable Fair Value, Percent	19%

Note 8 - Long-term Investment_3

Note 8 - Long-term Investments - Summary of Long-term Investments (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2023 USD ($)
Balance	$ 1,596
Exchange translation adjustment	8
Balance	$ 1,604

Note 9 - Property and Equipme_3

Note 9 - Property and Equipment, Net (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Depreciation	$ 20	$ 30

Note 9 - Property and Equipme_4

Note 9 - Property and Equipment, Net - Property and Equipment, Net (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Property and equipment, gross	$ 2,444	$ 2,480
Less: accumulated depreciation	(2,219)	(2,231)
Property and equipment, net	225	249
Vehicles [Member]
Property and equipment, gross	797	855
Office Equipment [Member]
Property and equipment, gross	876	865
Electronic Devices [Member]
Property and equipment, gross	584	575
Leasehold Improvements [Member]
Property and equipment, gross	$ 187	$ 185

Note 10 - Intangible Assets, _3

Note 10 - Intangible Assets, Net (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Amortization of Intangible Assets	$ 300	$ 530
Finite-Lived Intangible Asset, Useful Life (Year)	3 years 4 months 2 days
Finite-Lived Intangible Asset, Expected Amortization, Remainder of Fiscal Year	$ 900
Finite-Lived Intangible Asset, Expected Amortization, Year One	1,190
Finite-Lived Intangible Asset, Expected Amortization, Year Two	350
Finite-Lived Intangible Asset, Expected Amortization, Year Three	180
Finite-Lived Intangible Asset, Expected Amortization, Year Four	$ 120

Note 10 - Intangible Assets, _4

Note 10 - Intangible Assets, Net - Intangible Assets, Net (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Finite-lived intangible assets	$ 9,712	$ 9,690
Finite-lived intangible assets, Accumulated amortization	(4,216)	(3,902)
Finite-lived intangible assets, Impairment	(2,532)	(2,524)
Intangible assets, net	2,964	3,264
Cloud-Computing Based Software Platforms [Member]
Finite-lived intangible assets	1,351	1,333
Finite-lived intangible assets, Accumulated amortization	(937)	(924)
Finite-lived intangible assets, Impairment	(414)	(409)
Intangible assets, net	0	0
Licensing Agreements [Member]
Finite-lived intangible assets	1,200	1,201
Finite-lived intangible assets, Accumulated amortization	(405)	(374)
Intangible assets, net	795	827
Internet Ad Tracking System [Member]
Finite-lived intangible assets	1,160	1,160
Finite-lived intangible assets, Accumulated amortization	(463)	(405)
Intangible assets, net	697	755
Livestreaming Technology [Member]
Finite-lived intangible assets	1,500	1,500
Finite-lived intangible assets, Accumulated amortization	(625)	(625)
Finite-lived intangible assets, Impairment	(875)	(875)
Intangible assets, net	0	0
Blockchain Integrated Framework Platform [Member]
Finite-lived intangible assets	4,038	4,038
Finite-lived intangible assets, Accumulated amortization	(1,556)	(1,346)
Finite-lived intangible assets, Impairment	(1,010)	(1,010)
Intangible assets, net	1,472	1,682
Bo!News Application [Member]
Finite-lived intangible assets	349	345
Finite-lived intangible assets, Accumulated amortization	(116)	(115)
Finite-lived intangible assets, Impairment	(233)	(230)
Intangible assets, net	0	0
Other Computer Software [Member]
Finite-lived intangible assets	114	113
Finite-lived intangible assets, Accumulated amortization	(114)	(113)
Intangible assets, net	$ 0	$ 0

Note 10 - Intangible Assets, _5

Note 10 - Intangible Assets, Net - Intangible Assets, Net (Details) (Parentheticals)	Mar. 31, 2023	Dec. 31, 2022
Useful life (Year)	3 years 4 months 2 days
Cloud-Computing Based Software Platforms [Member]
Useful life (Year)	10 years	10 years
Licensing Agreements [Member]
Useful life (Year)	10 years	10 years
Internet Ad Tracking System [Member]
Useful life (Year)	5 years	5 years
Livestreaming Technology [Member]
Useful life (Year)	5 years	5 years
Blockchain Integrated Framework Platform [Member]
Useful life (Year)	3 years	3 years
Bo!News Application [Member]
Useful life (Year)	3 years	3 years
Other Computer Software [Member]
Useful life (Year)	3 years	3 years

Note 11 - Accrued Payroll and_3

Note 11 - Accrued Payroll and Other Accruals - Accrued Payroll and Other Accruals (Details) - USD ($) $ in Thousands		Mar. 31, 2023	Dec. 31, 2022
Accrued payroll and other accruals	[1]	$ 266	$ 438
Accrued Payroll and Staff Welfare [Member]
Accrued payroll and other accruals		83	101
Accrued Operating Expenses [Member]
Accrued payroll and other accruals		$ 183	$ 337
[1]Liabilities recognized as a result of consolidating these VIEs do not represent additional claims on the Company’s general assets (Note 2).

Note 12 - Taxation (Details Tex

Note 12 - Taxation (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Operating Loss Carryforwards	$ 32,000		$ 31,800
Operating Loss Carryforwards, Taxable Income Deduction Limitations	80%
Deferred Tax Assets, Valuation Allowance	$ 13,080		12,691
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	300	$ 320
PRC Subsidiary And VIE's [Member]
Operating Loss Carryforwards	$ 16,000		$ 15,400

Note 12 - Taxation - Taxes Paya

Note 12 - Taxation - Taxes Payable (Details) - USD ($) $ in Thousands		Mar. 31, 2023	Dec. 31, 2022
Turnover tax and surcharge payable		$ 1,297	$ 1,288
Enterprise income tax payable		1,983	1,960
Total taxes payable	[1]	$ 3,280	$ 3,248
[1]Liabilities recognized as a result of consolidating these VIEs do not represent additional claims on the Company’s general assets (Note 2).

Note 12 - Taxation - Income Tax

Note 12 - Taxation - Income Tax Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Current	$ 0	$ 0
Deferred	1	2
Income tax benefit	$ 1	$ 2

Note 12 - Taxation - Deferred T

Note 12 - Taxation - Deferred Tax Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Tax effect of net operating losses carried forward	$ 11,812	$ 11,537
Operating lease cost	33	30
Impairment on long-term investments	146	144
Impairment on intangible assets	369	368
Bad debts provision	1,133	1,018
Valuation allowance	(13,080)	(12,691)
Deferred tax assets, net	$ 413	$ 406

Note 14 - Warrant Liabilities_2

Note 14 - Warrant Liabilities (Details Textual)	Jan. 18, 2023
Reverse Stock Split [Member]
Stockholders' Equity Note, Stock Split, Conversion Ratio	5

Note 14 - Warrant Liabilities-

Note 14 - Warrant Liabilities- Fair Value of Warrants (Details) $ in Thousands	Mar. 31, 2023 USD ($) yr	Dec. 31, 2022 USD ($) yr		Mar. 31, 2022 USD ($) yr		Dec. 31, 2021 USD ($) yr
Warrant liabilities as of the closing date	$ 84	$ 185		$ 1,244		$ 2,039
Investor Warrants Issued in Connection with 2021 Financing [Member]
Warrant liabilities as of the closing date	49	86		626		964
Investor Warrants Issued in Connection with 2020 Financing [Member]
Warrant liabilities as of the closing date	25	76		449		795
Placement Agent Warrants Issued in Connection with 2021 Financing [Member]
Warrant liabilities as of the closing date	5	9		84		132
Placement Agent Warrants Issued in Connection with 2020 Financing [Member]
Warrant liabilities as of the closing date	$ 5	$ 14		$ 85		$ 148
Measurement Input, Share Price [Member] | Investor Warrants Issued in Connection with 2021 Financing [Member]
Fair value of the warrants	1.70	0.46		0.73	[1]	1	[1]
Measurement Input, Share Price [Member] | Investor Warrants Issued in Connection with 2020 Financing [Member]
Fair value of the warrants	1.70	0.46		0.73	[1]	1	[1]
Measurement Input, Share Price [Member] | Placement Agent Warrants Issued in Connection with 2021 Financing [Member]
Fair value of the warrants	1.70	0.46		0.73	[1]	1	[1]
Measurement Input, Share Price [Member] | Placement Agent Warrants Issued in Connection with 2020 Financing [Member]
Fair value of the warrants	1.70	0.46		0.73	[1]	1	[1]
Measurement Input, Expected Term [Member] | Investor Warrants Issued in Connection with 2021 Financing [Member]
Fair value of the warrants | yr	1.38	1.63		2.38		2.63
Measurement Input, Expected Term [Member] | Investor Warrants Issued in Connection with 2020 Financing [Member]
Fair value of the warrants | yr	0.70	0.95		1.70		1.95
Measurement Input, Expected Term [Member] | Placement Agent Warrants Issued in Connection with 2021 Financing [Member]
Fair value of the warrants | yr	1.38	1.63		2.38		2.63
Measurement Input, Expected Term [Member] | Placement Agent Warrants Issued in Connection with 2020 Financing [Member]
Fair value of the warrants | yr	0.70	0.95		1.70		1.95
Measurement Input, Risk Free Interest Rate [Member] | Investor Warrants Issued in Connection with 2021 Financing [Member]
Fair value of the warrants	0.0444	0.04625		0.0235		0.0087
Measurement Input, Risk Free Interest Rate [Member] | Investor Warrants Issued in Connection with 2020 Financing [Member]
Fair value of the warrants	0.0480	0.04716		0.0223		0.0072
Measurement Input, Risk Free Interest Rate [Member] | Placement Agent Warrants Issued in Connection with 2021 Financing [Member]
Fair value of the warrants	0.0444	0.04625		0.0235		0.0087
Measurement Input, Risk Free Interest Rate [Member] | Placement Agent Warrants Issued in Connection with 2020 Financing [Member]
Fair value of the warrants	0.0480	0.04716		0.0223		0.0072
Measurement Input, Expected Dividend Rate [Member] | Investor Warrants Issued in Connection with 2021 Financing [Member]
Fair value of the warrants	0	0		0		0
Measurement Input, Expected Dividend Rate [Member] | Investor Warrants Issued in Connection with 2020 Financing [Member]
Fair value of the warrants	0	0		0		0
Measurement Input, Expected Dividend Rate [Member] | Placement Agent Warrants Issued in Connection with 2021 Financing [Member]
Fair value of the warrants	0	0		0		0
Measurement Input, Expected Dividend Rate [Member] | Placement Agent Warrants Issued in Connection with 2020 Financing [Member]
Fair value of the warrants	0	0		0		0
Measurement Input, Price Volatility [Member] | Investor Warrants Issued in Connection with 2021 Financing [Member]
Fair value of the warrants	1.13	0.9974		1.21		1.15
Measurement Input, Price Volatility [Member] | Investor Warrants Issued in Connection with 2020 Financing [Member]
Fair value of the warrants	1.25	1.1561		1.27		1.28
Measurement Input, Price Volatility [Member] | Placement Agent Warrants Issued in Connection with 2021 Financing [Member]
Fair value of the warrants	1.13	0.9974		1.21		1.15
Measurement Input, Price Volatility [Member] | Placement Agent Warrants Issued in Connection with 2020 Financing [Member]
Fair value of the warrants	1.25	1.1561		1.27		1.28
Measurement Input, Exercise Price [Member] | Investor Warrants Issued in Connection with 2021 Financing [Member]
Fair value of the warrants	17.95	3.59	[1]	3.59		3.59
Measurement Input, Exercise Price [Member] | Investor Warrants Issued in Connection with 2020 Financing [Member]
Fair value of the warrants	10.15	2.03	[1]	2.03		2.03
Measurement Input, Exercise Price [Member] | Placement Agent Warrants Issued in Connection with 2021 Financing [Member]
Fair value of the warrants	22.4375	4.4875	[1]	4.4875		4.4875
Measurement Input, Exercise Price [Member] | Placement Agent Warrants Issued in Connection with 2020 Financing [Member]
Fair value of the warrants	10.15	2.03	[1]	2.03		2.03
Measurement Input, Quoted Price [Member] | Investor Warrants Issued in Connection with 2021 Financing [Member]
Fair value of the warrants	0.0937	0.0329		0.24		0.37
Measurement Input, Quoted Price [Member] | Investor Warrants Issued in Connection with 2020 Financing [Member]
Fair value of the warrants	0.0731	0.0439		0.26		0.46
Measurement Input, Quoted Price [Member] | Placement Agent Warrants Issued in Connection with 2021 Financing [Member]
Fair value of the warrants	0.0727	0.0256		0.23		0.36
Measurement Input, Quoted Price [Member] | Placement Agent Warrants Issued in Connection with 2020 Financing [Member]
Fair value of the warrants	0.0760	0.0456		0.28		0.49
[1]To reflect the actual inputs used for the determination of fair value of the Warrants, the stock prices and exercise prices presented were not retrospectively restated for effect of the 1-for-5 reverse stock split effective on January 18, 2023, see Note 4(g).

Note 14 - Warrant Liabilities -

Note 14 - Warrant Liabilities - Warrant Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022	Dec. 31, 2021
Warrant liabilities as of the closing date	$ 84	$ 1,244	$ 185	$ 2,039
Change in fair value of warrants	(101)	(795)
Investor Warrants Issued in Connection with 2021 Financing [Member]
Warrant liabilities as of the closing date	49	626	86	964
Change in fair value of warrants	(37)	(338)
Placement Agent Warrants Issued in Connection with 2021 Financing [Member]
Warrant liabilities as of the closing date	5	84	9	132
Change in fair value of warrants	(4)	(48)
Investor Warrants Issued in Connection with 2020 Financing [Member]
Warrant liabilities as of the closing date	25	449	76	795
Change in fair value of warrants	(51)	(346)
Placement Agent Warrants Issued in Connection with 2020 Financing [Member]
Warrant liabilities as of the closing date	5	85	$ 14	$ 148
Change in fair value of warrants	$ (9)	$ (63)

Note 14 - Warrant Liabilities_3

Note 14 - Warrant Liabilities - Warrant Activity (Details) - $ / shares	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Balance (in shares)	1,000,343
Balance, weighted average remaining contractual life (Year)	1 year 1 month 9 days	1 year 4 months 9 days
Weighted average exercise price (in dollars per share)	$ 15.11
Exercisable (in shares)	1,001,343
Exercisable, weighted average remaining contractual life (Year)	1 year 1 month 9 days	1 year 4 months 9 days
Exercisable, weighted average exercise price (in dollars per share)	$ 15.11
Granted/Vested (in shares)	0
Exercised (in shares)	0
Balance (in shares)	1,000,343	1,000,343
Weighted average exercise price (in dollars per share)	$ 15.11	$ 15.11
Exercisable (in shares)	1,000,343	1,001,343
Exercisable, weighted average exercise price (in dollars per share)	$ 15.11	$ 15.11

Note 15 - Restricted Net Asse_2

Note 15 - Restricted Net Assets (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Amount of Restricted Net Assets for Consolidated and Unconsolidated Subsidiaries	$ 13,680	$ 13,310
Withholding Tax Rate Pursuant To EIT Law	10%
WFOE [Member]
Minimum Percentage Of Annual After-tax Profit For General Reserve	10%
Minimum Required Reserve As Percent Of Registered Capital	50%
Domestic Enterprise [Member]
Minimum Percentage Of Annual After-tax Profit For General Reserve	10%

Note 16 - Employee Defined Co_2

Note 16 - Employee Defined Contribution Plan (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Defined Contribution Plan, Cost	$ 40	$ 70

Note 17 - Concentration of Ri_3

Note 17 - Concentration of Risk (Details Textual) - Geographic Concentration Risk [Member] - Cash and Cash Equivalents [Member]	3 Months Ended
	Mar. 31, 2023
UNITED STATES
Concentration Risk, Percentage	59%
CHINA
Concentration Risk, Percentage	41%

Note 17 - Concentration of Ri_4

Note 17 - Concentration of Risk - Company's Concentration of Customers and Suppliers (Details)		3 Months Ended		12 Months Ended
		Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Customer A [Member]
Concentration risk	[1]		13%
Cost Of Sales Total [Member] | Supplier Concentration Risk [Member] | Supplier A [Member]
Concentration risk		78%
Cost Of Sales Total [Member] | Supplier Concentration Risk [Member] | Supplier B [Member]
Concentration risk		14%	60%
Cost Of Sales Total [Member] | Supplier Concentration Risk [Member] | Supplier C [Member]
Concentration risk			22%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer A [Member]
Concentration risk		10%		16%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer B [Member]
Concentration risk		40%		33%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer C [Member]
Concentration risk		25%		24%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer D [Member]
Concentration risk		14%		16%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer E [Member]
Concentration risk		10%
[1]Less than 10%.

Note 18 - Commitments and Con_2

Note 18 - Commitments and Contingencies (Details Textual) ¥ in Thousands	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2022 CNY (¥)	Aug. 31, 2022 USD ($)	Aug. 31, 2022 CNY (¥)
Equity Securities without Readily Determinable Fair Value, Amount	$ 1,604,000	$ 1,596,000
Guangdong Yong Fu Xiang Health Management Co., Ltd (Yong Fu Xiang) [Member]
Equity Securities without Readily Determinable Fair Value, Percent	9.90%				9.90%	9.90%
Equity Securities without Readily Determinable Fair Value, Amount					$ 0.98	¥ 6,730
Guangzhou Yuan Qi Man Man Technology Co., Ltd. (Yuan Qi Man Man) [Member]
Equity Securities without Readily Determinable Fair Value, Percent	9%		9%	9%
Equity Securities without Readily Determinable Fair Value, Amount			$ 10,000	¥ 90

Note 19 - Segment Reporting (De

Note 19 - Segment Reporting (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Share-Based Payment Arrangement, Expense	$ 35	$ 56

Note 19 - Segment Reporting - S

Note 19 - Segment Reporting - Summary of Segment Reporting Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023		Mar. 31, 2022		Dec. 31, 2022
Revenues	$ 6,316		$ 7,652
Cost of revenues	6,630		7,518
Total operating expenses	998		1,685
Depreciation and amortization expense included in cost of revenues and total operating expenses	322		554
Operating loss	(1,312)		(1,551)
Change in fair value of warrant liabilities	101		795
Net loss	(1,143)		(717)
Total assets	17,831				$ 19,658
Corporate, Non-Segment [Member]
Revenues			0
Cost of revenues			0
Total operating expenses	645	[1]	700	[2]
Depreciation and amortization expense included in cost of revenues and total operating expenses	21		22
Operating loss	(645)		(700)
Change in fair value of warrant liabilities	101		795
Net loss	(474)		146
Total assets	38,372				39,136
Intersegment Eliminations [Member]
Operating loss	0		0
Net loss
Total assets	(32,227)				(31,701)
Internet Ad [Member] | Operating Segments [Member]
Revenues	6,291		7,652
Cost of revenues	6,420		7,518
Total operating expenses	349		288
Depreciation and amortization expense included in cost of revenues and total operating expenses	91		89
Operating loss	(478)		(154)
Net loss	(482)		(167)
Total assets	10,060				10,385
Ecommerce O2O Ad and Marketing Services [Member] | Operating Segments [Member]
Revenues	0		0
Cost of revenues			0
Total operating expenses	4		329
Depreciation and amortization expense included in cost of revenues and total operating expenses			75
Operating loss	(4)		(329)
Net loss	(1)		(328)
Total assets	154				156
Blockchain Technology [Member] | Operating Segments [Member]
Revenues	25
Cost of revenues	210
Total operating expenses			368
Depreciation and amortization expense included in cost of revenues and total operating expenses	210		368
Operating loss	(185)		(368)
Net loss	(186)		$ (368)
Total assets	1,472				$ 1,682
Corporate Segment [Member]
Revenues	6,316
Cost of revenues	6,630
Total operating expenses	998
Change in fair value of warrant liabilities	$ 101
[1]Including approximately US$0.04 million share-based compensation expenses.[2]Including approximately US$0.06 million share-based compensation expenses.

Note 20 - Loss Per Share - Basi

Note 20 - Loss Per Share - Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended
		Mar. 31, 2023	Mar. 31, 2022
Net loss attributable to ZW Data Action Technologies Inc. (numerator for basic and diluted loss per share)		$ (1,143)	$ (717)
Weighted average number of common shares outstanding -Basic and diluted (in shares)	[1]	7,174,506	7,079,962
Loss per share -Basic and diluted (in dollars per share)	[1]	$ (0.16)	$ (0.10)
[1]Retrospectively restated for effect of the 1-for-5 reverse stock split effective on January 18, 2023, see Note 4(g).

Note 21 - Share-based Compens_3

Note 21 - Share-based Compensation Expenses (Details Textual) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	1 Months Ended		3 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Share-Based Payment Arrangement, Expense			$ 35	$ 56
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount			20
Management Consulting and Advisory Service Providers [Member] | Restricted Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)	80
Shares Issued, Price Per Share (in dollars per share)	$ 1.75
Issuance of Stock and Warrants for Services or Claims	$ 140
Share-Based Payment Arrangement, Expense			$ 40
Executive Officer [Member] | Restricted Stock [Member] | The 2020 Omnibus Securities and Incentive Plan, Second Issuance [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)		95
Share-Based Payment Arrangement, Expense		$ 20

Note 21 - Share-based Compens_4

Note 21 - Share-based Compensation Expenses - Share-based Compensation Expenses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Share-based Compensation expenses	$ 35	$ 56
Selling and Marketing Expense [Member]
Share-based Compensation expenses	0	0
General and Administrative Expense [Member]
Share-based Compensation expenses	35	56
Research and Development Expense [Member]
Share-based Compensation expenses	$ 0	$ 0

Note 22 - Subsequent Events (De

Note 22 - Subsequent Events (Details Textual) - USD ($) shares in Thousands, $ in Thousands	1 Months Ended	3 Months Ended
	Apr. 30, 2023	Mar. 31, 2023	Mar. 31, 2022
Share-Based Payment Arrangement, Expense		$ 35	$ 56
The 2020 Omnibus Securities and Incentive Plan, Second Issuance [Member] | Restricted Stock [Member] | Director [Member] | Subsequent Event [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)	30
Share-Based Payment Arrangement, Expense	$ 50