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 September 30, 2023 nine three September 30, 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 September 30, 2023, nine three September 30, 2023 2022, nine September 30, 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: September 30, 2023 December 31, 2022 Balance sheet items, except for equity accounts 7.1798 6.9646 Nine Months Ended September 30, 2023 2022 Items in the statements of operations and comprehensive loss 7.0148 6.6068 Three Months Ended September 30, 2023 2022 Items in the statements of operations and comprehensive loss 7.1649 6.8287 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$0.15 The allowance for credit losses reflects the Company's current estimate of credit losses expected to be incurred over the life of the related financial assets. The allowance for credit losses is presented as a valuation account that is deducted from the amortized cost basis of financial asset(s) to present the net amount expected to be collected on the financial asset(s). The Company considers various factors in establishing, monitoring, and adjusting its allowance for credit losses, including the aging and aging trends, customer/other parties’ creditworthiness and specific exposures related to particular customers/other parties. The Company also monitors other risk factors and forward-looking information, such as country specific risks and economic factors that may The following tables summarized the movements of the Company’s credit losses for the nine three September 30, 2023 2022, Nine Months Ended September 30, Three Months Ended September 30, 2023 2022 2023 2022 US$( 000) US$( 000) US$( 000) US$( 000) (Unaudited) (Unaudited) (Unaudited) (Unaudited) Credit loss for accounts receivable: Balance as of beginning of the period 3,760 2,236 3,715 2,454 Cumulative-effect adjustment upon adoption of ASU No. 2016-13, Financial Instruments-Credit losses (Topic 326) 36 - - - Provision for/(reverse of) credit loss during the period 247 330 207 - Written off during the period - - - - Exchange translation adjustments (100 ) (229 ) 21 (117 ) Balance as of end of the period 3,943 2,337 3,943 2,337 Nine Months Ended September 30, Three Months Ended September 30, 2023 2022 2023 2022 US$( 000) US$( 000) US$( 000) US$( 000) (Unaudited) (Unaudited) (Unaudited) (Unaudited) Credit loss for other current assets: Balance as of beginning of the period 617 - 1,187 617 Cumulative-effect adjustment upon adoption of ASU No. 2016-13, Financial Instruments-Credit losses (Topic 326) 155 - - - Provision for credit loss during the period 1,095 617 680 - Written off during the period - - - - Exchange translation adjustments - - - - Balance as of end of the period 1,867 617 1,867 617 f) Fair value measurement Liabilities measured at fair value on a recurring basis by level within the fair value hierarchy as of September 30, 2023 December 31, 2022 Fair value measurement at reporting date using As of September 30, 2023 Quoted Prices in Active Markets for Identical Assets/Liabilities (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) US$( 000) US$( 000) US$( 000) US$( 000) (Unaudited) Warrant liabilities (Note 14) - - - - Fair value measurement at reporting date using As of December 31, 2022 Quoted Prices in Active Markets for Identical Assets/Liabilities (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) US$( 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 $0.001 per share (the “Common Stock”) at a ratio of 1 January 18, 2023 ( no When the Reverse Stock Split became effective, each five one No As a result of the Reverse Stock Split, 35,827,677 shares of Common Stock that were issued and outstanding at January 18, 2023 Except where otherwise specified, all number of shares, number of warrants, share prices, exercise prices and per share data in the condensed consolidated financial statements and notes to the condensed consolidated financial statements have been retroactively restated as if the Reverse Stock Split occurred at the beginning of the periods presented. h) Revenue recognition The following table present the Company’s revenues disaggregated by products and services and timing of revenue recognition: Nine Months Ended September 30, Three Months Ended September 30, 2023 2022 2023 2022 US$( 000) US$( 000) US$( 000) US$( 000) (Unaudited) (Unaudited) (Unaudited) (Unaudited) Internet advertising and related services --distribution of the right to use search engine marketing service 24,815 18,605 9,011 6,236 --online advertising placements 427 3,208 145 980 Blockchain-based SaaS services 75 - 25 - Total revenues $ 25,317 $ 21,813 $ 9,181 $ 7,216 Nine Months Ended September 30, Three Months Ended September 30, 2023 2022 2023 2022 US$( 000) US$( 000) US$( 000) US$( 000) (Unaudited) (Unaudited) (Unaudited) (Unaudited) Revenue recognized over time 25,242 21,813 9,156 7,216 Revenue recognized at a point in time 75 - 25 - Total revenues $ 25,317 $ 21,813 $ 9,181 $ 7,216 Contract balances The table below summarized the movement of the Company’s contract liabilities for the nine September 30, 2023: Contract liabilities US$( 000) Balance as of January 1, 2023 739 Exchange translation adjustment (18 ) Revenue recognized from beginning contract liability balances (649 ) Advances received from customers related to unsatisfied performance obligations 1,061 Balance as of September 30, 2023(Unaudited) 1,133 Advance from customers related to unsatisfied performance obligations are generally refundable. Refund of advance from customers were insignificant for the nine three September 30, 2023 2022. For the nine three September 30, 2023 2022, i) Lease As of September 30, 2023, US$1.41 US$1.54 Maturity of operating lease liabilities Operating leases US$( 000) (Unaudited) Three months ending December 31, 2023 73 Year ending December 31, -2024 303 -2025 319 -2026 335 -2027 351 -2028 369 -thereafter 62 Total undiscounted lease payments 1,812 Less: imputed interest (272 ) Total operating lease liabilities as of September 30, 2023 1,540 Including: Operating lease liabilities 216 Operating lease liabilities-Non current 1,324 $ 1,540 Operating lease expenses: Nine Months Ended September 30, Three Months Ended September 30, 2023 2022 2023 2022 US$( 000) US$( 000) US$( 000) US$( 000) (Unaudited) (Unaudited) (Unaudited) (Unaudited) Long-term operating lease contracts 386 329 125 136 Short-term operating lease contracts 23 39 9 10 Total $ 409 $ 368 $ 134 $ 146 Supplemental information related to operating leases : Nine Months Ended September 30, 2023 (Unaudited) Operating cash flows used for operating leases (US$’000) 409 Right-of-use assets obtained in exchange for new lease liabilities (US$’000) - Weighted-average remaining lease term (years) 5.42 Weighted-average discount rate 6 % |