ZW Data Action (CNET) 10-Q 19 Nov 24 2024 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2024	Nov. 19, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
Document Transition Report	false
Entity File Number	001-34647
Entity Registrant Name	ZW Data Action Technologies Inc.
Entity Incorporation, State or Country Code	NV
Entity Tax Identification Number	20-4672080
Entity Address, Address Line One	10th Floor, Tower A, No. 68 First Helong Road, Baiyun District
Entity Address, City or Town	Guangzhou City, Guangdong Province
Entity Address, Country	CN
Entity Address, Postal Zip Code	510440
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 (in shares)		2,176,213
Entity Central Index Key	0001376321
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands		Sep. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents		$ 1,123	$ 817
Accounts receivable, net of allowance for credit loss of $4,839 and $3,987, respectively		1,478	844
Prepayment and deposit to suppliers		4,843	4,505
Other current assets, net		2,412	2,794
Total current assets		9,856	8,960
Long-term investments		397	794
Operating lease right-of-use assets		0	22
Property and equipment, net		134	215
Intangible assets, net		210	841
Deferred tax assets, net		410	401
Total Assets		11,007	11,233
Current liabilities:
Accounts payable *	[1]	500	201
Advance from customers *	[1]	700	843
Accrued payroll and other accruals *	[1]	103	350
Taxes payable *	[1]	3,228	3,194
Operating lease liabilities *	[1]	0	24
Lease payment liability related to short-term leases *	[1]	101	99
Advance from investors		806	0
Other current liabilities *	[1]	543	144
Total current liabilities		5,981	4,855
Long-term liabilities:
Total Liabilities		6,106	4,979
Commitments and Contingencies
Equity:
Common stock (US$0.001 par value; authorized 12,500,000 shares; issued and outstanding 2,176,213 shares and 1,801,213 shares at September 30, 2024 and December 31, 2023, respectively)**	[2]	2	2
Additional paid-in capital**	[2]	63,714	62,072
Statutory reserves		2,598	2,598
Accumulated deficit		(62,670)	(59,690)
Accumulated other comprehensive income		1,194	1,272
Total shareholders’ equity		4,838	6,254
Noncontrolling interests		63	0
Total equity		4,901	6,254
Total Liabilities and Equity		11,007	11,233
Related Party [Member]
Long-term liabilities:
Long-term borrowing from a related party		$ 125	$ 124
[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-4 reverse stock split effective on September 30, 2024, see Note 4(g).

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Accounts Receivable, Allowance for Credit Loss, Current	$ 4,839	$ 3,987
Common Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.001	$ 0.001
Common Stock, Shares Authorized (in shares)	12,500,000	12,500,000
Common Stock, Shares, Outstanding (in shares)	2,176,213	1,801,213
Common Stock, Shares, Issued (in shares)	2,176,213	1,801,213

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenues		$ 3,239	$ 9,181	$ 13,190	$ 25,317
Cost of revenues		3,184	9,185	12,735	25,746
Gross (loss)/ profit		55	(4)	455	(429)
Operating expenses
Sales and marketing expenses		75	55	208	148
General and administrative expenses		1,972	1,547	3,462	3,659
Research and development expenses		0	0	0	18
Total operating expenses		2,047	1,602	3,670	3,825
Loss from operations		(1,992)	(1,606)	(3,215)	(4,254)
Other income/(expenses)
Interest income		66	79	233	230
Other expenses, net		(2)	(6)	(30)	(20)
Impairment on long-term investment		0	2	(2)	(207)
Gain on disposal of subsidiaries		23	0	23	0
Change in fair value of warrant liabilities		0	13	0	185
Total other income/(expenses)		87	88	224	188
Loss before income tax benefit/(expense) and noncontrolling interests		(1,905)	(1,518)	(2,991)	(4,066)
Income tax benefit/(expenses)		0	(2)	4	0
Net loss		(1,905)	(1,520)	(2,987)	(4,066)
Net loss		(1,905)	(1,520)	(2,987)	(4,066)
Net loss attributable to noncontrolling interests		(9)	0	7	0
Net loss attributable to ZW Data Action Technologies Inc.		(1,914)	(1,520)	(2,980)	(4,066)
Foreign currency translation income/(loss)		(124)	(39)	(78)	163
Comprehensive Loss		(2,029)	(1,559)	(3,065)	(3,903)
Comprehensive income attributable to noncontrolling interests		9	0	(7)	0
Comprehensive loss attributable to ZW Data action Technologies Inc.		$ (2,038)	$ (1,559)	$ (3,058)	$ (3,903)
Loss per share
Basic and diluted** (in dollars per share)	[1],[2]	$ (1.06)	$ (0.84)	$ (1.65)	$ (2.26)
Weighted average number of common shares outstanding:
Basic and diluted** (in shares)	[1],[2]	1,805,289	1,801,213	1,802,582	1,797,999
[1]* Retrospectively restated for effect of the 1-for-4 reverse stock split effective on September 30, 2024, see Note 4(g).[2]**Retrospectively restated for effect of the 1-for-4 reverse stock split effective on September 30, 2024, see Note 4(g).

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities
Net loss	$ (2,987)	$ (4,066)
Adjustments to reconcile net loss to net cash used in operating activities
Depreciation and amortization	713	966
Amortization of operating lease right-of-use assets	22	310
Share-based compensation expenses	1,642	95
Gain on disposal of subsidiaries	(23)	0
Impairment on long-term investments	2	207
Loss on disposal of fixed assets	3	7
Provision for allowances for credit losses	765	1,347
Change in fair value of warrant liabilities	0	(185)
Deferred Taxes	(4)	0
Other non-operating (income)/losses	(233)	(229)
Changes in operating assets and liabilities
Accounts receivable	(1,433)	655
Prepayment and deposit to suppliers	(18)	(389)
Other current assets	0	0
Accounts payable	296	(3)
Advance from customers	(89)	425
Accrued payroll and other accruals	(246)	(304)
Other current liabilities	383	(78)
Taxes payable	3	(1)
Operating lease liabilities	(24)	(293)
Net cash used in operating activities	(1,228)	(1,536)
Cash flows from investing activities
Purchases of vehicles and office equipment	(3)	(52)
Investment and advance to ownership investee entities	(2)	(43)
Net proceeds from disposal of long-term investments	147	428
Cash acquired during the period	9	0
Cash deconsolidated during the period	(6)	0
Deposit for other investing contracts	(401)	0
Short-term loans to unrelated parties	0	(2,000)
Repayment of short-term loans and interest income from unrelated parties	901	168
Net cash provided by/(used in) investing activities	645	(1,499)
Cash flows from financing activities
Advance from investors	806	0
Capital contribution from noncontrolling interest	70	0
Net cash provided by financing activities	876	0
Effect of exchange rate fluctuation on cash and cash equivalents	13	(42)
Net decrease in cash and cash equivalents	306	(3,077)
Cash and cash equivalents at beginning of the period	817	4,391
Cash and cash equivalents at end of the period	1,123	1,314
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		Common Stock [Member] Cumulative Effect, Period of Adoption, Adjustment [Member]	Common Stock [Member]		Additional Paid-in Capital [Member] Cumulative Effect, Period of Adoption, Adjustment [Member]	Additional Paid-in Capital [Member]		Statutory Reserves [Member] Cumulative Effect, Period of Adoption, Adjustment [Member]	Statutory Reserves [Member]	Retained Earnings [Member] Cumulative Effect, Period of Adoption, Adjustment [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member] Cumulative Effect, Period of Adoption, Adjustment [Member]	AOCI Attributable to Parent [Member]	Noncontrolling Interest [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]	Total
Balance (in shares) at Dec. 31, 2022		0	1,793,713	[1]
Balance (Accounting Standards Update 2016-13 [Member]) at Dec. 31, 2022		$ 0			$ 0			$ 0		$ (191)		$ 0			$ (191)
Balance at Dec. 31, 2022	[1]		$ 2			$ 62,022			$ 2,598		$ (53,525)		$ 1,200			$ 12,297
Net loss			0			0			0		(2,546)		0			(2,546)
Foreign currency translation adjustment			0			0			0		0		202			202
Foreign currency translation income/(loss)			$ 0			0			0		0		202			202
Share-based compensation in exchange for services from employees and directors (in shares)			7,500
Share-based compensation in exchange for services from employees and directors			$ 0			25			0		0		0			25
Balance (in shares) at Jun. 30, 2023			1,801,213
Balance at Jun. 30, 2023			$ 2			62,047			2,598		(56,262)		1,402			9,787
Balance (in shares) at Dec. 31, 2022		0	1,793,713	[1]
Balance (Accounting Standards Update 2016-13 [Member]) at Dec. 31, 2022		$ 0			$ 0			$ 0		$ (191)		$ 0			$ (191)
Balance at Dec. 31, 2022	[1]		$ 2			62,022			2,598		(53,525)		1,200			12,297
Net loss																(4,066)
Foreign currency translation adjustment																163
Foreign currency translation income/(loss)																163
Balance (in shares) at Sep. 30, 2023			1,801,213
Balance at Sep. 30, 2023			$ 2			62,060			2,598		(57,782)		1,363			8,241
Balance (in shares) at Jun. 30, 2023			1,801,213
Balance at Jun. 30, 2023			$ 2			62,047			2,598		(56,262)		1,402			9,787
Net loss			0			0			0		(1,520)		0			(1,520)
Foreign currency translation adjustment			0			0			0		0		(39)			(39)
Foreign currency translation income/(loss)			$ 0			0			0		0		(39)			(39)
Share-based compensation in exchange for services from employees and directors (in shares)			0
Share-based compensation in exchange for services from employees and directors			$ 0			13			0		0		0			13
Balance (in shares) at Sep. 30, 2023			1,801,213
Balance at Sep. 30, 2023			$ 2			62,060			2,598		(57,782)		1,363			8,241
Balance (in shares) at Dec. 31, 2023	[2]		1,801,213
Balance at Dec. 31, 2023			$ 2	[2]		62,072	[2]		2,598		(59,690)		1,272	$ 0		6,254
Noncontrolling interests in an acquired VIE			0			0			0		0		0	5		5
Capital contribution from noncontrolling interests														70		70
Net loss			0			0			0		(1,066)		0	(16)		(1,082)
Foreign currency translation adjustment			0			0			0		0		46	0		46
Foreign currency translation income/(loss)			$ 0			0			0		0		46	0		46
Balance (in shares) at Jun. 30, 2024	[2]		1,801,213
Balance at Jun. 30, 2024			$ 2	[2]		62,072	[2]		2,598		(60,756)		1,318	59		5,293
Balance (in shares) at Dec. 31, 2023	[2]		1,801,213
Balance at Dec. 31, 2023			$ 2	[2]		62,072	[2]		2,598		(59,690)		1,272	0		6,254
Net loss																(2,987)
Foreign currency translation adjustment																(78)
Foreign currency translation income/(loss)																(78)
Balance (in shares) at Sep. 30, 2024	[2]		2,176,213
Balance at Sep. 30, 2024			$ 2	[2]		63,714	[2]		2,598		(62,670)		1,194	63		4,901
Balance (in shares) at Jun. 30, 2024	[2]		1,801,213
Balance at Jun. 30, 2024			$ 2	[2]		62,072	[2]		2,598		(60,756)		1,318	59		5,293
Net loss			0			0			0		(1,914)		0	9		(1,905)
Foreign currency translation adjustment			0			0			0		0		(124)	0		(124)
Foreign currency translation income/(loss)			$ 0			0			0		0		(124)	0		(124)
Share-based compensation in exchange for services from employees and directors (in shares)	[2]		375,000
Share-based compensation in exchange for services from employees and directors			$ 0			1,642	[2]		0		0		0	0		1,642
Disposal of noncontrolling interests in VIEs														(5)		(5)
Balance (in shares) at Sep. 30, 2024	[2]		2,176,213
Balance at Sep. 30, 2024			$ 2	[2]		$ 63,714	[2]		$ 2,598		$ (62,670)		$ 1,194	$ 63		$ 4,901
[1]**Retrospectively restated for effect of the 1-for-4 reverse stock split effective on September 30, 2024 and the 1-for-5 reverse stock split January 18, 2023, see Note 4(g).[2]*Retrospectively restated for effect of the 1-for-4 reverse stock split effective on September 30, 2024, see Note 4(g).

Note 1 - Organization and Natur

Note 1 - Organization and Nature of Operations	9 Months Ended
	Sep. 30, 2024
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 and re-domiciled to become a Nevada corporation in October 2006. On June 26, 2009, the Company consummated a share exchange transaction with China Net Online Media Group Limited (the “Share Exchange”), a company organized under the laws of British Virgin Islands (“China Net BVI”). As a result of the Share Exchange, China Net BVI became a wholly owned subsidiary of the Company and the Company is now a holding company, which, through certain contractual arrangements with operating companies in the People’s Republic of China (the “PRC”), is engaged in providing Internet advertising, precision marketing, e-commerce online to offline (O2O) advertising and marketing services as well as the related data and technical services to small and medium enterprises (SMEs) in the PRC. The Company also develops blockchain enabled web/mobile applications and provides software solutions, i.e., Software-as-a-Service (“SaaS”) services for clients.

Note 2 - Variable Interest Enti

Note 2 - Variable Interest Entities	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Variable Interest Entities Disclosure [Text Block]	2. Variable interest entities The Company is not an operating company in China, but a Nevada holding company with no equity ownership in the VIEs. The Company primarily conducts its operations in China through its PRC subsidiaries, the VIEs, with which the Company has entered into contractual arrangements, and their subsidiaries in China. Summarized below is the information related to the VIEs’ assets and liabilities reported in the Company’s condensed consolidated balance sheets as of September 30, 2024 and December 31, 2023, respectively: September 30, 2024 December 31, 2023 US$(’000) US$(’000) (Unaudited) Assets Current assets: Cash and cash equivalents $ 82 $ 367 Accounts receivable, net 279 844 Prepayment and deposit to suppliers 1,971 2,005 Other current assets, net - 2 Total current assets 2,332 3,218 Property and equipment, net 97 139 Deferred tax assets, net 410 401 Total Assets $ 2,839 $ 3,758 Liabilities Current liabilities: Accounts payable $ 230 $ 201 Advance from customers 700 843 Accrued payroll and other accruals 18 37 Taxes payable 2,586 2,555 Lease payment liability related to short-term leases 101 99 Other current liabilities 506 56 Total current liabilities 4,141 3,791 Total Liabilities $ 4,141 $ 3,791 Liabilities recognized as a result of consolidating these VIEs do not represent additional claims on the Company’s general assets. 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 nine and three months ended September 30, 2024 and 2023, respectively: Nine Months Ended September 30, Three Months Ended September 30, 2024 2023 2024 2023 US$(’000) US$(’000) US$(’000) US$(’000) (Unaudited) (Unaudited) (Unaudited) (Unaudited) Revenues $ 9,740 $ 25,098 $ 539 $ 9,157 Cost of revenues (9,674 ) (25,023 ) (543 ) (8,975 ) Total operating expenses (1,204 ) (1,179 ) (92 ) (436 ) Net loss (1,167 ) (1,326 ) (100 ) (259 )

Note 3 - Liquidity and Capital

Note 3 - Liquidity and Capital Resources	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Substantial Doubt about Going Concern [Text Block]	3. Liquidity and Capital Resources The Company incurred operating losses and may continue to incur operating losses, and as a result, to generate negative cash flows as the Company implements its future business plan. For the nine months ended September 30, 2024, the Company incurred a loss from operations of US$3.22 million and a net operating cash outflow of US$1.23 million. As of September 30, 2024, the Company had cash and cash equivalents of US$1.12 million and working capital of US$3.88 million, compared with approximately US$0.82 million and US$4.11 million as of December 31, 2023, respectively. The Company plans to optimize its internet resources cost investment strategy to improve the gross profit margin of its core business and to further strengthen the accounts receivables collection management and negotiate more favorable payment terms with major suppliers, all of which will contribute to substantially increase the cashflows from operations. To further improve liquidity, the Company also plans to reduce operating costs through optimizing staffing across various offices and, if needed, downsizing office leasing spaces. Beginning in early 2022, the Company introduced its SaaS services to customers. The Company’s SaaS services are provided based on technologies of its self-developed Blockchain Integrated Framework (“BIF”) platform. The BIF platform enables the Company’s clients to utilize the BIF platform as an enterprise management software to record, share and storage operating data on-chain, and/or to generate unique designed Non-fungible Token (“NFTs”) for their IPs and certificates. While the revenues from the new SaaS services business and its profitability have not met the Company’s expectations, the Company still expects these services to generate positive cash flow and improve liquidity since they rely on technologies of its self-developed software platform, thus reducing the need for substantial cash outflow to third-party service providers. Revenues from our new SaaS services business was US$0.75 million for the nine months ended September 30, 2024. If the Company fails to achieve these goals, the Company may need additional financing to execute its business plan. If additional financing is required, the Company cannot predict whether this additional financing will be in the form of equity, debt, or another form, and the Company may not be able to obtain the necessary additional capital on a timely basis, on acceptable terms, or at all. In the event that financing sources are not available, or that the Company is unsuccessful in increasing its gross profit margin and reducing operating losses, the Company may be unable to implement its current plans for expansion, repay debt obligations or respond to competitive pressures, any of which would have a material adverse effect on the Company’s business, prospects, financial condition and results of operations. These factors raise substantial doubt about the Company's ability to continue as a going concern within one year after the date that the financial statements are issued. The unaudited condensed consolidated financial statements as of September 30, 2024 have been prepared under the assumption that the Company will continue as a going concern, which contemplates, among other things, the realization of assets and the satisfaction of liabilities in the normal course of business over a reasonable period of time. The Company's ability to continue as a going concern is dependent upon its uncertain ability to increase gross profit margin and reduce operating loss from its core business and/or obtain additional equity and/or debt financing. The accompanying financial statements as of September 30, 2024 do not include any adjustments that might result from the outcome of these uncertainties. If the Company is unable to continue as a going concern, it may have to liquidate its assets and may receive less than the value at which those assets are carried on the financial statements.

Note 4 - Summary of Significant

Note 4 - Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2024
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 September 30, 2024 and for the nine and three months ended September 30, 2024 and 2023 have been prepared pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (the “SEC”). Certain information and footnote disclosures, which are normally included in complete consolidated financial statements prepared in accordance with U.S. GAAP, have been omitted pursuant to those rules and regulations. The unaudited condensed consolidated interim financial information should be read in conjunction with the financial statements and the notes thereto, included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023, previously filed with the SEC (the “2023 Form 10-K”) on June 28, 2024. 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, 2024, its condensed consolidated results of operations for the nine and three months ended September 30, 2024 and 2023, and its condensed consolidated cash flows for the nine months ended September 30, 2024 and 2023, as applicable, have been made. The interim results of operations are not necessarily indicative of the operating results for the full fiscal year or any future periods. 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 Reminbi, the legal currency of mainland China (“RMB”) into US$ for the purposes of preparing the condensed consolidated financial statements are as follows : September 30, 2024 December 31, 2023 Balance sheet items, except for equity accounts 7.0074 7.0827 Nine Months Ended September 30, 2024 2023 Items in the statements of operations and comprehensive loss 7.1092 7.0148 Three Months Ended September 30, 2024 2023 Items in the statements of operations and comprehensive loss 7.1169 7.1649 No representation is made that the RMB amounts could have been, or could be converted into US$ at the above rates. e) Current expected credit losses In June 2016, No. 2016 13, 326 January 1, 2023, 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 affect a customer/other party’s ability to pay in establishing and adjusting its allowance for credit losses. The Company assesses collectability by reviewing the financial assets on a collective basis where similar characteristics exist and on an individual basis when the Company identifies specific customers/other parties with known disputes or collectability issues. Accounts receivable and short-term loans to unrelated parties are written off after all collection efforts have ceased. The following tables summarized the movements of the Company’s credit losses for the nine and three months ended September 30, 2024 and 2023, respectively: Nine Months Ended September 30, Three Months Ended September 30, 2024 2023 2024 2023 US$(’000) US$(’000) US$(’000) US$(’000) (Unaudited) (Unaudited) (Unaudited) (Unaudited) Credit loss for accounts receivable: Balance as of beginning of the period 3,987 3,760 4,657 3,715 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 800 252 106 212 Written off during the period - - - - Exchange translation adjustments 52 (105 ) 76 16 Balance as of end of the period 4,839 3,943 4,839 3,943 Nine Months Ended September 30, Three Months Ended September 30, 2024 2023 2024 2023 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 1,559 617 1,512 1,187 Cumulative-effect adjustment upon adoption of ASU No. 2016-13, Financial Instruments-Credit losses (Topic 326) - 155 - - Provision for/(reverse of) credit loss during the period (35 ) 1,095 12 680 Written off during the period - - - - Exchange translation adjustments - - - - Balance as of end of the period 1,524 1,867 1,524 1,867 f) Fair value measurement Liabilities measured at fair value on a recurring basis by level within the fair value hierarchy as of September 30, 2024 and December 31, 2023 are as follows: Fair value measurement at reporting date using As of September 30, 2024 Quoted Prices Significant Significant US$(’000) US$(’000) US$(’000) US$(’000) (Unaudited) Warrant liabilities (Note 14) - - - - Fair value measurement at reporting date using As of December 31, 2023 Quoted Prices Significant Significant US$(’000) US$(’000) US$(’000) US$(’000) Warrant liabilities (Note 14) - - - - 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 $0.001 per share (the “Common Stock”) at a ratio of 1-for-4 (the “Reverse Stock Split”). The Reverse Stock Split became effective on September 30, 2024 (the “Effective Date”). As a result, the number of shares of the Company’s authorized Common Stock was reduced from 50,000,000 shares to 12,500,000 shares and the issued and outstanding number of shares of the Common Stock was correspondingly decreased. The Reverse Stock Split has no effect on the par value of the Company’s Common Stock or authorized shares of preferred stock. When the Reverse Stock Split became effective, each four No As a result of the Reverse Stock Split, 8,704,506 shares of Common Stock that were issued and outstanding at September 30, 2024 was reduced to 2,176,213 shares of Common Stock (taking into account the rounding of fractional shares). Except where otherwise specified, all number of shares, number of warrants, share prices, exercise prices and per share data in the condensed consolidated financial statements and notes to the condensed consolidated financial statements have been retroactively restated as if the Reverse Stock Split occurred at the beginning of the periods presented. h) Revenue recognition The following table present the Company’s revenues disaggregated by products and services and timing of revenue recognition: Nine Months Ended September 30, Three Months Ended September 30, 2024 2023 2024 2023 US$(’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 12,440 24,815 3,239 9,011 --online advertising placements - 427 - 145 Blockchain-based SaaS services 750 75 - 25 Total revenues $ 13,190 $ 25,317 $ 3,239 $ 9,181 Nine Months Ended September 30, Three Months Ended September 30, 2024 2023 2024 2023 US$(’000) US$(’000) US$(’000) US$(’000) (Unaudited) (Unaudited) (Unaudited) (Unaudited) Revenue recognized over time 12,440 25,242 3,239 9,156 Revenue recognized at a point in time 750 75 - 25 Total revenues $ 13,190 $ 25,317 $ 3,239 $ 9,181 Contract balances The table below summarized the movement of the Company’s contract liabilities for the nine months ended September 30, 2024: Contract liabilities US$(’000) Balance as of January 1, 2024 843 Exchange translation adjustment 9 Revenue recognized from beginning contract liability balances (469 ) Advances received from customers related to unsatisfied performance obligations 317 Balance as of September 30, 2024(Unaudited) 700 Advance from customers related to unsatisfied performance obligations are generally refundable. Refund of advance from customers were insignificant for the nine and three months ended September 30, 2024 and 2023. For the nine and three months ended September 30, 2024 and 2023, there were no revenue recognized from performance obligations that were satisfied in prior periods. i) Business combination We account for our business combinations using the acquisition method in accordance with ASC Topic 805, Business Combinations Acquisition of Yi En (Beijing) Technology Co., Ltd. The Company acquired a 51% equity interest in Yi En (Beijing) Technology Co., Ltd. (“Beijing Yi En”) for a cash consideration of RMB1. During the three months ended September 30, 2024, the Company sold its equity interest in Beijing Yi for a cash consideration of RMB1. j) Lease As of September 30, 2024, there were no operating lease right-of-use assets and total operating lease liabilities recognized. Operating lease expenses: Nine Months Ended September 30, Three Months Ended September 30, 2024 2023 2024 2023 US$(’000) US$(’000) US$(’000) US$(’000) (Unaudited) (Unaudited) (Unaudited) (Unaudited) Long-term operating lease contracts 22 386 - 125 Short-term operating lease contracts 34 23 4 9 Total $ 56 $ 409 $ 4 $ 134 Supplemental information related to operating leases : Nine Months Ended September 30, 2024 2023 US$(’000) US$(’000) (Unaudited) (Unaudited) Operating cash flows used for operating leases (US$’000) 25 409 Weighted-average remaining lease term (years) - 5.42 Weighted-average discount rate - 6 %

Note 5 - Accounts Receivable, N

Note 5 - Accounts Receivable, Net	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Accounts Receivable Disclosure [Text Block]	5. Accounts receivable, net September 30, 2024 December 31, 2023 US$(’000) US$(’000) (Unaudited) Accounts receivable 6,317 4,831 Allowance for credit loss (4,839 ) (3,987 ) Accounts receivable, net 1,478 844 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 nine and three months ended September 30, 2024, the Company provided approximately US$0.80 million and US$0.11 million credit losses for its accounts receivable, respectively. For the nine and three months ended September 30, 2023, the Company provided approximately US$0.25 million and

Note 6 - Prepayment and Deposit

Note 6 - Prepayment and Deposit to Suppliers	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Prepayments and Deposits to Suppliers Disclosure [Text Block]	6. Prepayments and deposit to suppliers September 30, 2024 December 31, 2023 US$(’000) US$(’000) (Unaudited) Deposits to advertising resources providers 915 911 Prepayments to advertising resources providers 3,027 3,136 Deposits for investing activities 403 - Other deposits and prepayments 498 458 4,843 4,505

Note 7 - Other Current Assets

Note 7 - Other Current Assets	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Other Current Assets [Text Block]	7. Other current assets September 30, 2024 December 31, 2023 US$(’000) US$(’000) (Unaudited) Consideration receivable related to sales of equity interest in an investee entity 250 - Short-term loans to unrelated parties 3,606 4,097 Short-term loans interest receivables 73 250 Staff advances for business operations 7 5 Total other current assets 3,936 4,352 Allowance for credit loss (1,524 ) (1,558 ) Other current assets, net 2,412 2,794 As of September 30, 2024, the Company provided unsecured, interest-bearing short-term loans to two unrelated parties, which were set forth as below. These short-term loans were recorded as other current assets. On January 5, 2022, the Company provided a short-term working capital loan of US$2.5 million to an unrelated party, which matured on May 5, 2022. The loan was unsecured and borne a fixed annualized interest rate of 7.5%. In April 2022, as agreed by both parties, the unrelated party repaid a portion of the loan principal of US$1.02 million, together with a loan interest of US0.06 million for the period from January 5, 2022 through April 30, 2022, based on the loan principal of US$2.5 million. The Company extended the term of the remaining loan principal of US$1.48 million to April 30, 2023 with a revised fixed annualized interest rate of 5%. In October 2022 and February 2023, the Company received loan interests of US$0.05 million in the aggregate for the period from May 1, 2022 through December 31, 2022. On April 30, 2023, the Company further extended the term of this loan to October 31, 2023. In May 2023, the Company received a loan interest of US$0.02 million for the period from January 1, 2023 through April 30, 2023. In July 2023, the Company received a loan interest of US$0.02 million for the period from May 1, 2023 through July 31, 2023. On October 31, 2023, the Company agreed to further extend the term of this loan to September 30, 2024. On May 29, 2024, the Company received payment of approximately US$0.13 million, of which approximately US$0.06 million settled outstanding interest and approximately US$0.07 million settled the loan principal. On September 30, 2024, the Company agreed to further extend the term of this loan to March 31, 2025. On January 11, 2023, the Company provided a short-term loan of US$2.0 million to another unrelated party. The loan is unsecured and bears a fixed annualized interest rate of 12%. The original maturity date of this loan was July 17, 2023. On July 1, 2023, the Company extended the term of this loan for a six-month period to January 18, 2024. Subsequently, on January 8, 2024, the Company further agreed to extend the term of the loan to January 18, 2025. For the quarter ended June 30, 2024, the Company received payment of US$0.77 million, of which approximately US$0.35 million settled outstanding interest and approximately US$0.42 million settled the loan principal. 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 nine and three months ended September 30, 2024, the Company reversed US$0.04 million and provided US$0.01 million credit losses on short-term loans provided to unrelated parties, respectively. As of September 30, 2024, other current assets also included a US$0.62 million remaining outstanding balance of a short-term loan that the Company provided to an unrelated party, Digital Sun Ventures Limited, a Hong Kong-based company (“Digital Sun”). In March 2021, the Company and Digital Sun reached an oral agreement, pursuant to which the Company provided a short-term loan of US$1.65 million to Digital Sun. The loan has a one

Note 8 - Long-term Investments

Note 8 - Long-term Investments	9 Months Ended
	Sep. 30, 2024
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, 2024 794 Exchange translation adjustment - Cash investments during the year 2 Disposed during the year (397 ) Impairment losses provided during the year (2 ) Balance as of September 30, 2024 (Unaudited) 397 As of September 30, 2024, except for long-term investments which were fully impaired, the Company beneficially owned a 7.69%, 9.9% and 9.9% equity interest in each New Business Holdings Limited (“New Business”), HunanYong Fu Xiang Health Management Co., Ltd (“Yong Fu Xiang”) and Wuhan Ju Liang Media Co., Ltd. (“Wuhan Ju Liang”), respectively. On May 27, 2024, the Company sold approximately 7.69% equity interest in New Business to an unrelated party at a total consideration of approximately US$0.40 million. The Company measures each investment which does not have readily determinable fair values at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the Company. For the nine months ended September 30, 2024, the Company provided $0.002 million in impairment loss against its long-term investments.

Note 9 - Property and Equipment

Note 9 - Property and Equipment, Net	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	9. Property and equipment, net September 30, 2024 December 31, 2023 US$(’000) US$(’000) (Unaudited) Vehicles 453 520 Office equipment 855 846 Electronic devices 577 571 Leasehold improvement 184 182 Property and equipment, cost 2,069 2,119 Less: accumulated depreciation (1,935 ) (1,904 ) Property and equipment, net 134 215 Depreciation expenses for the nine months ended September 30, 2024 and 2023 were approximately US$0.08 million and US$0.07 million, respectively. Depreciation expenses for the three months ended September 30, 2024 and 2023 were approximately US$0.02 million and US$0.02 million, respectively.

Note 10 - Intangible Assets, Ne

Note 10 - Intangible Assets, Net	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Intangible Assets Disclosure [Text Block]	10. Intangible assets, net As of September 30, 2024 (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 years life: Cloud compute software technology 1,325 (919 ) (406 ) - Licensed products use right 1,204 (496 ) (708 ) - --5 years life: Internet Ad tracking system 1,160 (637 ) (523 ) - Live streaming technology 1,500 (625 ) (875 ) - --3 years life: Blockchain Integrated Framework 4,038 (2,818 ) (1,010 ) 210 Bo!News application 342 (114 ) (228 ) - Other computer software 111 (111 ) - - Total $ 9,680 $ (5,720 ) $ (3,750 ) $ 210 As of December 31, 2023 Items Gross Carrying Value Accumulated Amortization Impairment Net Carrying Value US$(’000) US$(’000) US$(’000) US$(’000) Intangible assets subject to amortization: --10 years life: Cloud compute software technology 1,311 (909 ) (402 ) - Licensed products use right 1,204 (496 ) (708 ) - --5 years life: Internet Ad tracking system 1,160 (637 ) (523 ) - Live streaming technology 1,500 (625 ) (875 ) - --3 years life: Blockchain Integrated Framework 4,038 (2,187 ) (1,010 ) 841 Bo!News application 339 (113 ) (226 ) - Other computer software 111 (111 ) - - Total $ 9,663 $ (5,078 ) $ (3,744 ) $ 841 Amortization expenses for the nine months ended September 30, 2024 and 2023 were approximately US$0.63 million and US$0.90 million, respectively. Amortization expenses for the three months ended September 30, 2024 and 2023 were approximately US$0.21 million and US$0.30 million, respectively. 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 0.25 years as of September 30, 2024, and assuming no further subsequent impairment of the underlying intangible assets, the estimated future amortization expenses is approximately US$0.21 million for the year ending December 31, 2024.

Note 11 - Accrued Payroll and O

Note 11 - Accrued Payroll and Other Accruals	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	11. Accrued payroll and other accruals September 30, 2024 December 31, 2023 US$(’000) US$(’000) (Unaudited) Accrued payroll and staff welfare 18 67 Accrued operating expenses 85 283 103 350

Note 12 - Taxation

Note 12 - Taxation	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Income Tax Disclosure [Text Block]	12. Taxation As of September 30, 2024 and December 31, 2023, taxes payable consists of: September 30, 2024 December 31, 2023 US$(’000) US$(’000) (Unaudited) Turnover tax and surcharge payable 1,948 1,264 Enterprise income tax payable 1,280 1,930 Total taxes payable 3,228 3,194 For the nine and three months ended September 30, 2024 and 2023, the Company’s income tax benefit/(expenses) consisted of: Nine Months Ended September 30, Three Months Ended September 30, 2024 2023 2024 2023 US$(’000) US$(’000) US$(’000) US$(’000) (Unaudited) (Unaudited) (Unaudited) (Unaudited) Current - - - - Deferred 4 - - (2 ) Income tax benefit/(expenses) 4 - - (2 ) The Company’s deferred tax assets as of September 30, 2024 and December 31, 2023 were as follows: September 30, 2024 December 31, 2023 US$(’000) US$(’000) (Unaudited) Tax effect of net operating losses carried forward 11,362 10,745 Operating lease cost - 1 Impairment on long-term investments 105 161 Impairment on intangible assets 571 571 Bad debts provision 1,435 1,226 Valuation allowance (13,063 ) (12,303 ) Deferred tax assets, net 410 401 The U.S. holding company has incurred aggregate net operating losses (“NOLs”) of approximately US$34.6 million and US$32.7 million as of September 30, 2024 and December 31, 2023, respectively. The NOLs carryforwards as of December 31, 2017 gradually expire over time, the last of which expires in 2037. NOLs incurred after December 31, 2017 will no longer be available to carry back but can be carried forward indefinitely, subject to an annual limit of 80% on the amount of taxable income that can be offset by NOLs arising in tax years ending after December 31, 2017. The NOLs carried forward incurred by the Company’s PRC subsidiaries and VIEs were approximately US$11.6 million and US$10.6 million as of September 30, 2024 and December 31, 2023, respectively. The losses carryforwards gradually expire over time, the last of which will expire in 2028. The related deferred tax assets were calculated based on the respective NOLs incurred by each of the PRC subsidiaries and VIEs and the respective corresponding enacted tax rate that will be in effect in the period in which the losses are expected to be utilized. The Company recorded approximately US$13.1 million and US$12.3 million valuation allowance as of September 30, 2024 and December 31, 2023, respectively, because it is considered more likely than not that a portion of the deferred tax assets will not be realized through sufficient future earnings of the entities to which the operating losses related. For the nine and three months ended September 30, 2024, the Company recorded approximately US$0.72 million and US$0.42 million deferred tax valuation allowance, respectively. For the nine and three months ended September 30, 2023, the Company recorded approximately US$0.91 million and US$0.35 million deferred tax valuation allowance, respectively.

Note 13 - Long-term Borrowing F

Note 13 - Long-term Borrowing From a Related Party	9 Months Ended
	Sep. 30, 2024
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 parity 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 expected to be repaid within one year.

Note 14 - The Financing and War

Note 14 - The Financing and Warrant Liabilities	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Warrants Disclosure [Text Block]	14. The Financing and warrant liabilities The Company issued warrants to certain institutional investors and the Company’s placement agent in the registered direct offerings consummated in February 2021 (the “2021 Financing”) and December 2020 (the “2020 Financing”) which warrants were accounted for as derivative liabilities and measured at fair value with changes in fair value be recorded in earnings in each reporting period. As of September 30, 2024, the warrants issued in the 2021 and 2020 Financing have expired. For the nine and three months ended September 30, 2024, the Company did not recognize any change in fair value of warrant liabilities. For the nine and three months ended September 30, 2023, the Company recorded a gain of approximately US$0.19 million and US$0.01 million from change in fair value of warrant liabilities, respectively. Warrants issued and outstanding as of September 30, 2024 and their movements during the nine months then ended are as follows: Warrant Outstanding* Warrant Exercisable* Number of underlying shares Weighted Weighted Number of underlying shares Weighted Weighted Balance, January 1, 2024 148,543 0.63 $ 74.00 148,543 0.63 $ 74.00 Granted/Vested - - Expired (148,543 ) (148,543 ) Balance, September 30, 2024 (Unaudited) - - $ - - - $ 74.00 *Retrospectively restated for effect of the 1-for-4 reverse stock split effective on September 30, 2024, see Note 4(g).

Note 15 - Restricted Net Assets

Note 15 - Restricted Net Assets	9 Months Ended
	Sep. 30, 2024
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 depend on receiving distributions from its PRC subsidiaries and settlement of the amounts owed under the VIE agreements from the consolidated VIEs. Any limitation on the ability of the Company’s PRC subsidiaries and the consolidated VIEs to make payments to the Company, or the tax implications of making payments to the Company, could have a material adverse effect on its ability to pay dividends to the U.S. investors. 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 September 30, 2024 and December 31, 2023, net assets restricted in the aggregate, that are included in the Company’s consolidated net assets, were approximately US$13.26 million and US$13.41 million, respectively. Appropriations to the enterprise expansion fund and staff welfare and bonus fund of a foreign-invested PRC entity and appropriation to the discretionary surplus reserve of other PRC entities are at the discretion of the board of directors. To date, none of the Company’s PRC subsidiaries, the consolidated VIEs and their subsidiaries appropriated any of these non-mandatory funds and reserves. Furthermore, if these entities incur debt on their own in the future, the instruments governing the debt may restrict their ability to pay dividends or make other payments. 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% withholding tax on dividends subject to certain conditions and requirements, such as the requirements that the Hong Kong enterprise owns at least 25% of the PRC enterprise distributing the dividend at all times within the 12-month period immediately preceding the distribution of dividends and provides that the recipient can demonstrate it is a Hong Kong tax resident and it is the beneficial owner of the dividends. The PRC government adopted regulations in 2018 which stipulate that in determining whether a non-resident enterprise has the status as a beneficial owner, comprehensive analysis shall be conducted based on the factors listed therein and the actual circumstances of the specific case shall be taken into consideration. Specifically, it expressly excludes an agent or a designated payee from being considered as a “beneficial owner”. The Company owns its PRC subsidiaries through China Net HK. China Net HK currently does not hold a Hong Kong tax resident certificate from the Inland Revenue Department of Hong Kong, there is no assurance that the reduced withholding tax rate will be available for the Company. If China Net HK is not considered to be the “beneficial owner” of the dividends by the Chinese local tax authority, any dividends paid to it by the Company’s PRC subsidiaries would be subject to a withholding tax rate of 10%. There are no restrictions for the consolidated VIEs to settle the amounts owed under the VIE agreements to Rise King WFOE. However, arrangements and transactions among affiliated entities may be subject to audit or challenge by the PRC tax authorities. If at any time the VIE agreements and the related fee structure between the consolidated VIEs and Rise King WFOE is determined to be non-substantive and disallowed by Chinese tax authorities, the consolidated VIEs could, as a matter of last resort, make a non-deductible transfer to Rise King WFOE for the amounts owed under the VIE agreements. This would result in such transfer being non-deductible expenses for the consolidated VIEs but still taxable income for Rise King WFOE. If this happens, it may increase the Company’s tax burden and reduce its after-tax income in the PRC, and may materially and adversely affect its ability to make distributions to the holding company. The Company’s management is of the view that the likelihood that this scenario would happen is remote. The Company’s PRC subsidiaries generate all of their revenue in Renminbi, Renminbi is not freely convertible into other currencies. As a result, any restriction on currency exchange may limit the ability of the Company’s PRC subsidiaries to pay dividends/make distributions to the Company. The Chinese government imposes controls on the convertibility of Renminbi into foreign currencies and, in certain cases, the remittance of currency out of China. Shortages in availability of foreign currency may then restrict the ability of the Company’s PRC subsidiaries to remit sufficient foreign currency to the Nevada holding company for the holding company to pay dividends to the U.S. investors. Renminbi is currently convertible under the “current account,” which includes dividends, trade and service-related foreign exchange transactions, but not under the “capital account,” which includes foreign direct investment and foreign debt. Currently, the Company’s PRC subsidiaries may purchase foreign currency for settlement of current account transactions, including payment of dividends to the Nevada holding company, without the approval of the State Administration of Foreign Exchange of China (the “SAFE”) by complying with certain procedural requirements. However, the relevant Chinese governmental authorities may limit or eliminate the Company’s ability to purchase foreign currencies in the future for current account transactions. The Chinese government may continue to strengthen its capital controls, and additional restrictions and substantial vetting processes may be instituted by the SAFE for cross-border transactions falling under both the current account and the capital account. Any existing and future restrictions on currency exchange may limit the Company’s ability to utilize revenue generated in Renminbi to pay dividends in foreign currencies to holders of the Company’s securities. Foreign exchange transactions under the capital account remain subject to limitations and require approvals from, or registration with, the SAFE and other relevant Chinese governmental authorities. This could affect the Company’s ability to obtain foreign currency through debt or equity financing for its PRC subsidiaries. To date, none of the Company’s subsidiaries has made any distribution of earnings or issued any dividends to their respective shareholder in or outside of China, or to the Nevada holding company, and the Nevada holding company has never declared or paid any cash dividends to U.S. investors. The Company does not have any present plan to make any distribution of earnings/issue any dividends directly or indirectly to its Nevada holding company or pay any cash dividends on its common stock in the foreseeable future, because the Company currently intend to retain most, if not all, of its available funds and any future earnings to operate and expand the Company’s business.

Note 16 - Employee Defined Cont

Note 16 - Employee Defined Contribution Plan	9 Months Ended
	Sep. 30, 2024
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 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 legal obligation for the benefits beyond the contributions made. The total amounts for such employee benefits were approximately US$0.07 million and US$0.12 million for the nine months ended September 30, 2024 and 2023, respectively. The total amounts for such employee benefits were approximately US$0.02 million and US$0.04 million for the three months ended September 30, 2024 and 2023, respectively.

Note 17 - Concentration of Risk

Note 17 - Concentration of Risk	9 Months Ended
	Sep. 30, 2024
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 deposits and loans to unrelated parties. As of September 30, 2024, 81% of the Company’s cash and cash equivalents were held by major financial institutions located in China, the remaining 19% was held by financial institutions located in the United States of America. The Company believes that these financial institutions located in China and the United States of America are of high credit quality. For accounts receivable and deposits and loans to unrelated parties, the Company extends credit based on an evaluation of the customer’s or other parties’ financial condition, generally without requiring collateral or other security. In order to minimize the credit risk, the Company delegated a team responsible for credit approvals and other monitoring procedures to ensure that follow-up action is taken to recover overdue debts. Further, the Company reviews the recoverable amount of each individual receivable at each balance sheet date to ensure that adequate allowances are made for doubtful accounts. In this regard, the Company considers that the Company’s credit risk for accounts receivable and deposits and loans to unrelated parties are significantly reduced. Concentration of customers Customer A Customer B Customer C Customer D Customer E Customer F Customer G Nine Months Ended September 30, 2024 Revenues, customer concentration risk - * * - * * * Three Months Ended September 30, 2024 Revenues, customer concentration risk - * * - 27% 28% 28% Nine Months Ended September 30, 2023 Revenues, customer concentration risk * * * 11% - - - Three Months Ended September 30, 2023 Revenues, customer concentration risk * * * 11% - - - As of September 30, 2024 Accounts receivable, customer concentration risk * * * - 19% 20% 42% As of December 31, 2023 Accounts receivable, customer concentration risk 11% 56% 19% - - - - The following tables summarized the information about the Company’s concentration of customers for the nine and three months ended September 30, 2024 and 2023, respectively: * Less than 10%. - No transaction incurred for the reporting period/no balance existed as of the reporting date. Concentration of suppliers The following tables summarized the information about the Company’s concentration of suppliers for the nine and three months ended September 30, 2024 and 2023, respectively: Supplier A Supplier B Supplier C Supplier D Supplier E Nine Months Ended September 30, 2024 Cost of revenues, supplier concentration risk 34% 19% 12% 11% - Three Months Ended September 30, 2024 Cost of revenues, supplier concentration risk * 76% * * - Nine Months Ended September 30, 2023 Cost of revenues, supplier concentration risk 65% - * - 20% Three Months Ended September 30, 2023 Cost of revenues, supplier concentration risk 49% - * - 32% * Less than 10%. - No transaction incurred for the reporting period.

Note 18 - Commitments and Conti

Note 18 - Commitments and Contingencies	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	18. Commitments and contingencies In June 2023, the Company acquired a 9.9% equity interest in Wuhan Ju Liang, through subscription of a RMB0.99 million (approximately US$0.14 million) in registered capital of the entity in cash, which amount was committed to be paid up before August 1, 2052. The Company may from time to time become a party to various legal or administrative proceedings arising in its ordinary course of business. The Company evaluates the status of each legal matter and assesses the potential financial exposure. If the potential loss from any legal proceedings or litigation is considered probable and the amount can be reasonably estimated, the Company accrues a liability for the estimated loss. Significant judgment is required to determine the probability of a loss and whether the amount of the loss is reasonably estimated. As of the date hereof, based on the information currently available, the Company believes that the loss contingencies that may arise as a result of currently pending legal proceedings are not reasonably likely to have a material adverse effect on the Company’s business, results of operations, financial condition, and cash flows.

Note 19 - Segment Reporting

Note 19 - Segment Reporting	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	19. Segment reporting The Company follows ASC Topic 280 “Segment Reporting”, which requires that companies disclose segment data based on how management makes decisions about allocating resources to segments and evaluating their performance. Reportable operating segments include components of an entity about which separate financial information is available and which operating results are regularly reviewed by the chief operating decision maker (“CODM”), the Company’s Chief Executive Officer, to make decisions about resources to be allocated to the segment and assess each operating segment’s performance. Nine Months Ended September 30, 2024 (Unaudited) Internet Ad and related service Ecommerce Blockchain technology Corporate Inter-segment and reconciling item Total US$ (‘000) US$ (‘000) US$ (‘000) US$ (‘000) US$ (‘000) US$ (‘000) Revenues 12,440 - 750 - - 13,190 Cost of revenues 12,104 - 631 - - 12,735 Total operating expenses 926 10 - 2,734 - 3,670 Depreciation and amortization expense included in cost of revenues and total operating expenses 23 - 631 59 - 713 Operating income/(loss) (591 ) (10 ) 119 (2,733 ) - (3,215 ) Impairment on long-term investments - - - (2 ) - (2 ) Gain on disposal of subsidiaries 22 - - 1 - 23 Net income/(loss) (587 ) (9 ) 119 (2,510 ) - (2,987 ) Total assets-September 30, 2024 8,331 148 210 34,211 (31,893 ) 11,007 Total assets-December 31, 2023 7,966 144 841 34,867 (32,585 ) 11,233 Three Months Ended September 30, 2024 (Unaudited) Internet Ad and related service Ecommerce Blockchain technology Corporate Inter-segment and reconciling item Total US$ (‘000) US$ (‘000) US$ (‘000) US$ (‘000) US$ (‘000) US$ (‘000) Revenues 3,239 - - - - 3,239 Cost of revenues 2,973 - 211 - - 3,184 Total operating expenses 43 4 - 2,000 - 2,047 Depreciation and amortization expense included in cost of revenues and total operating expenses 7 - 211 19 - 237 Operating income/(loss) 222 (3 ) (211 ) (2,000 ) - (1,992 ) Gain on disposal of subsidiaries 22 - - 1 - 23 Net income/(loss) 241 (2 ) (211 ) (1,933 ) - (1,905 ) Nine Months Ended September 30, 2023 (Unaudited) Internet Ad and related service Ecommerce Blockchain technology Corporate Inter-segment and reconciling item Total US$ (‘000) US$ (‘000) US$ (‘000) US$ (‘000) US$ (‘000) US$ (‘000) Revenues 25,242 - 75 - - 25,317 Cost of revenues 25,116 - 630 - - 25,746 Total operating expenses 1,063 11 - 2,751 (1) - 3,825 Depreciation and amortization expense included in cost of revenues and total operating expenses 274 - 630 62 - 966 Operating loss (937 ) (11 ) (555 ) (2,751 ) - (4,254 ) Change in fair value of warrant liabilities - - - 185 - 185 Net loss (961 ) (6 ) (556 ) (2,543 ) - (4,066 ) Total assets-September 30, 2023 9,474 142 1,051 36,525 (32,413 ) 14,779 Total assets-December 31, 2022 10,385 156 1,682 39,136 (31,701 ) 19,658 (1) Including approximately US$0.10 million share-based compensation expenses. Three Months Ended September 30, 2023 (Unaudited) Internet Ad and related service Ecommerce Blockchain technology Corporate Inter-segment and reconciling item Total US$ (‘000) US$ (‘000) US$ (‘000) US$ (‘000) US$ (‘000) US$ (‘000) Revenues 9,156 - 25 - - 9,181 Cost of revenues 8,975 - 210 - - 9,185 Total operating expenses 380 2 - 1,220 (1) - 1,602 Depreciation and amortization expense included in cost of revenues and total operating expenses 90 - 210 21 - 321 Operating loss (199 ) (2 ) (185 ) (1,220 ) - (1,606 ) Change in fair value of warrant liabilities - - - 13 - 13 Net loss (211 ) (1 ) (185 ) (1,123 ) - (1,520 ) (1) Including approximately US$0.01 million share-based compensation expenses.

Note 20 - Loss Per Share

Note 20 - Loss Per Share	9 Months Ended
	Sep. 30, 2024
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): Nine Months Ended September 30, Three Months Ended September 30, 2024 2023 2024 2023 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Net loss $ (2,987 ) $ (4,066 ) $ (1,905 ) $ (1,520 ) Net (income)/loss attributable to noncontrolling interests from continued operations 7 - (9 ) - Net loss attributable to ZW Data Action Technologies Inc. (numerator for basic and diluted loss per share) $ (2,980 ) $ (4,066 ) $ (1,914 ) $ (1,520 ) Weighted average number of common shares outstanding -Basic and diluted* 1,802,582 1,797,999 1,805,289 1,801,213 Loss per share-Basic and diluted* $ (1.65 ) $ (2.26 ) $ (1.06 ) $ (0.84 ) For the nine and three months ended September 30, 2024 and 2023, the diluted loss per share calculation did not include any outstanding warrants to purchase the Company’s common stock, because they were out-of-the-money and their effect was anti-dilutive. * Retrospectively restated for effect of the 1-for-4 reverse stock split effective on September 30, 2024, see Note 4(g).

Note 21 - Share-based Compensat

Note 21 - Share-based Compensation Expenses	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	21. Share-based compensation expenses In September 2024, under its 2023 Omnibus Securities and Incentive Plan, the Company granted and issued 0.375 million fully-vested shares of the Company’s restricted common stock to employees, consultants and one of its independent directors in exchange for services to the Company. These shares were valued at US$4.4 per share, the closing bid price of the Company’s common stock on the grant date. Total compensation expenses amortized for the nine and three months ended September 30, 2024 was approximately US$1.64 million. In April 2023, under its 2020 Omnibus Securities and Incentive Plan, the Company granted and issued 0.03 million fully-vested shares of the Company’s restricted common stock to one of its independent directors in exchange for his service to the Company for the year ending December 31, 2023. These shares were valued at US$1.65 per share, the closing bid price of the Company’s common stock on the grant date. Total compensation expenses amortized for the nine and three months ended September 30, 2023 was approximately US$0.04 million and US$0.02 million, respectively. In June 2022, the Company granted and issued 0.08 million fully-vested and non-forfeitable shares of the Company restricted common stock to a management consulting and advisory service provider in exchange for its service for a 12-month period until May 2023. The Company valued these shares at US$1.75 per share, the closing bid price of the Company’s common stock on the grant date of these shares and recorded the related total cost of approximately US$0.14 million as a prepayment asset in prepayment and deposit to suppliers account upon the grant and issuance of these shares. Total compensation expenses amortized for the nine and three months ended September 30, 2023 was approximately US$0.06 million and US$ nil The table below summarized share-based compensation expenses recorded for the nine and three months ended September 30, 2024 and 2023, respectively: Nine Months Ended September 30, Three Months Ended September 30, 2024 2023 2024 2023 US$(’000) US$(’000) US$(’000) US$(’000) (Unaudited) (Unaudited) (Unaudited) (Unaudited) Sales and marketing expenses - - - - General and administrative expenses 1,642 95 1,642 12 Research and development expenses - - - - Total 1,642 95 1,642 12

Note 22 - Subsequent Events

Note 22 - Subsequent Events	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Subsequent Events [Text Block]	22. Subsequent events The Company’s principal business activity is to provide advertising and marketing services to small and medium enterprises in the PRC, which is particularly sensitive to changes in general economic conditions. The general economic downturn in the PRC lead by a challenging macroeconomic environment had caused and may continue to cause decreases in or delays in advertising spending, and had negatively impacted and may continue to negatively impact the Company’s short-term ability to grow revenues. While the Chinese government has introduced various stimulus measures in 2024 to boost the economy and the property sector, there remains uncertainty as to the future impact of the recent economic downturn in the PRC. The Company will continue to assess the impact of general economic conditions on its operations for future periods. Except for the above mentioned matters, no other material events which are required to be adjusted or disclosed as of the date of this consolidated financial statements.

Insider Trading Arrangements

Insider Trading Arrangements	9 Months Ended
	Sep. 30, 2024
Insider Trading Arr Line Items
Rule 10b5-1 Arrangement Adopted [Flag]	false
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false
Rule 10b5-1 Arrangement Terminated [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2024
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 September 30, 2024 and for the nine and three months ended September 30, 2024 and 2023 have been prepared pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (the “SEC”). Certain information and footnote disclosures, which are normally included in complete consolidated financial statements prepared in accordance with U.S. GAAP, have been omitted pursuant to those rules and regulations. The unaudited condensed consolidated interim financial information should be read in conjunction with the financial statements and the notes thereto, included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023, previously filed with the SEC (the “2023 Form 10-K”) on June 28, 2024. 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, 2024, its condensed consolidated results of operations for the nine and three months ended September 30, 2024 and 2023, and its condensed consolidated cash flows for the nine months ended September 30, 2024 and 2023, as applicable, have been made. The interim results of operations are not necessarily indicative of the operating results for the full fiscal year or any future periods.
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 Reminbi, the legal currency of mainland China (“RMB”) into US$ for the purposes of preparing the condensed consolidated financial statements are as follows : September 30, 2024 December 31, 2023 Balance sheet items, except for equity accounts 7.0074 7.0827 Nine Months Ended September 30, 2024 2023 Items in the statements of operations and comprehensive loss 7.1092 7.0148 Three Months Ended September 30, 2024 2023 Items in the statements of operations and comprehensive loss 7.1169 7.1649 No representation is made that the RMB amounts could have been, or could be converted into US$ at the above rates.
Credit Loss, Financial Instrument [Policy Text Block]	e) Current expected credit losses In June 2016, No. 2016 13, 326 January 1, 2023, 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 affect a customer/other party’s ability to pay in establishing and adjusting its allowance for credit losses. The Company assesses collectability by reviewing the financial assets on a collective basis where similar characteristics exist and on an individual basis when the Company identifies specific customers/other parties with known disputes or collectability issues. Accounts receivable and short-term loans to unrelated parties are written off after all collection efforts have ceased. The following tables summarized the movements of the Company’s credit losses for the nine and three months ended September 30, 2024 and 2023, respectively: Nine Months Ended September 30, Three Months Ended September 30, 2024 2023 2024 2023 US$(’000) US$(’000) US$(’000) US$(’000) (Unaudited) (Unaudited) (Unaudited) (Unaudited) Credit loss for accounts receivable: Balance as of beginning of the period 3,987 3,760 4,657 3,715 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 800 252 106 212 Written off during the period - - - - Exchange translation adjustments 52 (105 ) 76 16 Balance as of end of the period 4,839 3,943 4,839 3,943 Nine Months Ended September 30, Three Months Ended September 30, 2024 2023 2024 2023 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 1,559 617 1,512 1,187 Cumulative-effect adjustment upon adoption of ASU No. 2016-13, Financial Instruments-Credit losses (Topic 326) - 155 - - Provision for/(reverse of) credit loss during the period (35 ) 1,095 12 680 Written off during the period - - - - Exchange translation adjustments - - - - Balance as of end of the period 1,524 1,867 1,524 1,867
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 September 30, 2024 and December 31, 2023 are as follows: Fair value measurement at reporting date using As of September 30, 2024 Quoted Prices Significant Significant US$(’000) US$(’000) US$(’000) US$(’000) (Unaudited) Warrant liabilities (Note 14) - - - - Fair value measurement at reporting date using As of December 31, 2023 Quoted Prices Significant Significant US$(’000) US$(’000) US$(’000) US$(’000) Warrant liabilities (Note 14) - - - -
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 $0.001 per share (the “Common Stock”) at a ratio of 1-for-4 (the “Reverse Stock Split”). The Reverse Stock Split became effective on September 30, 2024 (the “Effective Date”). As a result, the number of shares of the Company’s authorized Common Stock was reduced from 50,000,000 shares to 12,500,000 shares and the issued and outstanding number of shares of the Common Stock was correspondingly decreased. The Reverse Stock Split has no effect on the par value of the Company’s Common Stock or authorized shares of preferred stock. When the Reverse Stock Split became effective, each four No As a result of the Reverse Stock Split, 8,704,506 shares of Common Stock that were issued and outstanding at September 30, 2024 was reduced to 2,176,213 shares of Common Stock (taking into account the rounding of fractional shares). Except where otherwise specified, all number of shares, number of warrants, share prices, exercise prices and per share data in the condensed consolidated financial statements and notes to the condensed consolidated financial statements have been retroactively restated as if the Reverse Stock Split occurred at the beginning of the periods presented.
Revenue from Contract with Customer [Policy Text Block]	h) Revenue recognition The following table present the Company’s revenues disaggregated by products and services and timing of revenue recognition: Nine Months Ended September 30, Three Months Ended September 30, 2024 2023 2024 2023 US$(’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 12,440 24,815 3,239 9,011 --online advertising placements - 427 - 145 Blockchain-based SaaS services 750 75 - 25 Total revenues $ 13,190 $ 25,317 $ 3,239 $ 9,181 Nine Months Ended September 30, Three Months Ended September 30, 2024 2023 2024 2023 US$(’000) US$(’000) US$(’000) US$(’000) (Unaudited) (Unaudited) (Unaudited) (Unaudited) Revenue recognized over time 12,440 25,242 3,239 9,156 Revenue recognized at a point in time 750 75 - 25 Total revenues $ 13,190 $ 25,317 $ 3,239 $ 9,181 Contract balances The table below summarized the movement of the Company’s contract liabilities for the nine months ended September 30, 2024: Contract liabilities US$(’000) Balance as of January 1, 2024 843 Exchange translation adjustment 9 Revenue recognized from beginning contract liability balances (469 ) Advances received from customers related to unsatisfied performance obligations 317 Balance as of September 30, 2024(Unaudited) 700 Advance from customers related to unsatisfied performance obligations are generally refundable. Refund of advance from customers were insignificant for the nine and three months ended September 30, 2024 and 2023. For the nine and three months ended September 30, 2024 and 2023, there were no revenue recognized from performance obligations that were satisfied in prior periods.
Business Combinations Policy [Policy Text Block]	i) Business combination We account for our business combinations using the acquisition method in accordance with ASC Topic 805, Business Combinations Acquisition of Yi En (Beijing) Technology Co., Ltd. The Company acquired a 51% equity interest in Yi En (Beijing) Technology Co., Ltd. (“Beijing Yi En”) for a cash consideration of RMB1. During the three months ended September 30, 2024, the Company sold its equity interest in Beijing Yi for a cash consideration of RMB1.
Lessee, Leases [Policy Text Block]	j) Lease As of September 30, 2024, there were no operating lease right-of-use assets and total operating lease liabilities recognized. Operating lease expenses: Nine Months Ended September 30, Three Months Ended September 30, 2024 2023 2024 2023 US$(’000) US$(’000) US$(’000) US$(’000) (Unaudited) (Unaudited) (Unaudited) (Unaudited) Long-term operating lease contracts 22 386 - 125 Short-term operating lease contracts 34 23 4 9 Total $ 56 $ 409 $ 4 $ 134 Supplemental information related to operating leases : Nine Months Ended September 30, 2024 2023 US$(’000) US$(’000) (Unaudited) (Unaudited) Operating cash flows used for operating leases (US$’000) 25 409 Weighted-average remaining lease term (years) - 5.42 Weighted-average discount rate - 6 %

Note 2 - Variable Interest En_2

Note 2 - Variable Interest Entities (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Variable Interest Entities [Table Text Block]	September 30, 2024 December 31, 2023 US$(’000) US$(’000) (Unaudited) Assets Current assets: Cash and cash equivalents $ 82 $ 367 Accounts receivable, net 279 844 Prepayment and deposit to suppliers 1,971 2,005 Other current assets, net - 2 Total current assets 2,332 3,218 Property and equipment, net 97 139 Deferred tax assets, net 410 401 Total Assets $ 2,839 $ 3,758 Liabilities Current liabilities: Accounts payable $ 230 $ 201 Advance from customers 700 843 Accrued payroll and other accruals 18 37 Taxes payable 2,586 2,555 Lease payment liability related to short-term leases 101 99 Other current liabilities 506 56 Total current liabilities 4,141 3,791 Total Liabilities $ 4,141 $ 3,791
Financial Performance of VIEs [Table Text Block]	Nine Months Ended September 30, Three Months Ended September 30, 2024 2023 2024 2023 US$(’000) US$(’000) US$(’000) US$(’000) (Unaudited) (Unaudited) (Unaudited) (Unaudited) Revenues $ 9,740 $ 25,098 $ 539 $ 9,157 Cost of revenues (9,674 ) (25,023 ) (543 ) (8,975 ) Total operating expenses (1,204 ) (1,179 ) (92 ) (436 ) Net loss (1,167 ) (1,326 ) (100 ) (259 )

Note 4 - Summary of Significa_2

Note 4 - Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Foreign Currency Exchange Rates [Table Text Block]	September 30, 2024 December 31, 2023 Balance sheet items, except for equity accounts 7.0074 7.0827 Nine Months Ended September 30, 2024 2023 Items in the statements of operations and comprehensive loss 7.1092 7.0148 Three Months Ended September 30, 2024 2023 Items in the statements of operations and comprehensive loss 7.1169 7.1649
Financing Receivable, Current, Allowance for Credit Loss [Table Text Block]	Nine Months Ended September 30, Three Months Ended September 30, 2024 2023 2024 2023 US$(’000) US$(’000) US$(’000) US$(’000) (Unaudited) (Unaudited) (Unaudited) (Unaudited) Credit loss for accounts receivable: Balance as of beginning of the period 3,987 3,760 4,657 3,715 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 800 252 106 212 Written off during the period - - - - Exchange translation adjustments 52 (105 ) 76 16 Balance as of end of the period 4,839 3,943 4,839 3,943 Nine Months Ended September 30, Three Months Ended September 30, 2024 2023 2024 2023 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 1,559 617 1,512 1,187 Cumulative-effect adjustment upon adoption of ASU No. 2016-13, Financial Instruments-Credit losses (Topic 326) - 155 - - Provision for/(reverse of) credit loss during the period (35 ) 1,095 12 680 Written off during the period - - - - Exchange translation adjustments - - - - Balance as of end of the period 1,524 1,867 1,524 1,867
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]	Fair value measurement at reporting date using As of September 30, 2024 Quoted Prices Significant Significant US$(’000) US$(’000) US$(’000) US$(’000) (Unaudited) Warrant liabilities (Note 14) - - - - Fair value measurement at reporting date using As of December 31, 2023 Quoted Prices Significant Significant US$(’000) US$(’000) US$(’000) US$(’000) Warrant liabilities (Note 14) - - - -
Disaggregation of Revenue [Table Text Block]	Nine Months Ended September 30, Three Months Ended September 30, 2024 2023 2024 2023 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 12,440 24,815 3,239 9,011 --online advertising placements - 427 - 145 Blockchain-based SaaS services 750 75 - 25 Total revenues $ 13,190 $ 25,317 $ 3,239 $ 9,181 Nine Months Ended September 30, Three Months Ended September 30, 2024 2023 2024 2023 US$(’000) US$(’000) US$(’000) US$(’000) (Unaudited) (Unaudited) (Unaudited) (Unaudited) Revenue recognized over time 12,440 25,242 3,239 9,156 Revenue recognized at a point in time 750 75 - 25 Total revenues $ 13,190 $ 25,317 $ 3,239 $ 9,181
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]	Contract liabilities US$(’000) Balance as of January 1, 2024 843 Exchange translation adjustment 9 Revenue recognized from beginning contract liability balances (469 ) Advances received from customers related to unsatisfied performance obligations 317 Balance as of September 30, 2024(Unaudited) 700
Lease, Cost [Table Text Block]	Nine Months Ended September 30, Three Months Ended September 30, 2024 2023 2024 2023 US$(’000) US$(’000) US$(’000) US$(’000) (Unaudited) (Unaudited) (Unaudited) (Unaudited) Long-term operating lease contracts 22 386 - 125 Short-term operating lease contracts 34 23 4 9 Total $ 56 $ 409 $ 4 $ 134 Nine Months Ended September 30, 2024 2023 US$(’000) US$(’000) (Unaudited) (Unaudited) Operating cash flows used for operating leases (US$’000) 25 409 Weighted-average remaining lease term (years) - 5.42 Weighted-average discount rate - 6 %

Note 5 - Accounts Receivable,_2

Note 5 - Accounts Receivable, Net (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Accounts Receivable [Table Text Block]	September 30, 2024 December 31, 2023 US$(’000) US$(’000) (Unaudited) Accounts receivable 6,317 4,831 Allowance for credit loss (4,839 ) (3,987 ) Accounts receivable, net 1,478 844

Note 6 - Prepayment and Depos_2

Note 6 - Prepayment and Deposit to Suppliers (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Prepayments and Deposit to Suppliers [Table Text Block]	September 30, 2024 December 31, 2023 US$(’000) US$(’000) (Unaudited) Deposits to advertising resources providers 915 911 Prepayments to advertising resources providers 3,027 3,136 Deposits for investing activities 403 - Other deposits and prepayments 498 458 4,843 4,505

Note 7 - Other Current Assets (

Note 7 - Other Current Assets (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Other Current Assets [Table Text Block]	September 30, 2024 December 31, 2023 US$(’000) US$(’000) (Unaudited) Consideration receivable related to sales of equity interest in an investee entity 250 - Short-term loans to unrelated parties 3,606 4,097 Short-term loans interest receivables 73 250 Staff advances for business operations 7 5 Total other current assets 3,936 4,352 Allowance for credit loss (1,524 ) (1,558 ) Other current assets, net 2,412 2,794

Note 8 - Long-term Investments

Note 8 - Long-term Investments (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Other Investments Not Readily Marketable [Table Text Block]	Amount US$(’000) Balance as of January 1, 2024 794 Exchange translation adjustment - Cash investments during the year 2 Disposed during the year (397 ) Impairment losses provided during the year (2 ) Balance as of September 30, 2024 (Unaudited) 397

Note 9 - Property and Equipme_2

Note 9 - Property and Equipment, Net (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Property and Equipment [Table Text Block]	September 30, 2024 December 31, 2023 US$(’000) US$(’000) (Unaudited) Vehicles 453 520 Office equipment 855 846 Electronic devices 577 571 Leasehold improvement 184 182 Property and equipment, cost 2,069 2,119 Less: accumulated depreciation (1,935 ) (1,904 ) Property and equipment, net 134 215

Note 10 - Intangible Assets, _2

Note 10 - Intangible Assets, Net (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Finite and Indefinite-Lived Intangible Assets [Table Text Block]	As of September 30, 2024 (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 years life: Cloud compute software technology 1,325 (919 ) (406 ) - Licensed products use right 1,204 (496 ) (708 ) - --5 years life: Internet Ad tracking system 1,160 (637 ) (523 ) - Live streaming technology 1,500 (625 ) (875 ) - --3 years life: Blockchain Integrated Framework 4,038 (2,818 ) (1,010 ) 210 Bo!News application 342 (114 ) (228 ) - Other computer software 111 (111 ) - - Total $ 9,680 $ (5,720 ) $ (3,750 ) $ 210 As of December 31, 2023 Items Gross Carrying Value Accumulated Amortization Impairment Net Carrying Value US$(’000) US$(’000) US$(’000) US$(’000) Intangible assets subject to amortization: --10 years life: Cloud compute software technology 1,311 (909 ) (402 ) - Licensed products use right 1,204 (496 ) (708 ) - --5 years life: Internet Ad tracking system 1,160 (637 ) (523 ) - Live streaming technology 1,500 (625 ) (875 ) - --3 years life: Blockchain Integrated Framework 4,038 (2,187 ) (1,010 ) 841 Bo!News application 339 (113 ) (226 ) - Other computer software 111 (111 ) - - Total $ 9,663 $ (5,078 ) $ (3,744 ) $ 841

Note 11 - Accrued Payroll and_2

Note 11 - Accrued Payroll and Other Accruals (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	September 30, 2024 December 31, 2023 US$(’000) US$(’000) (Unaudited) Accrued payroll and staff welfare 18 67 Accrued operating expenses 85 283 103 350

Note 12 - Taxation (Tables)

Note 12 - Taxation (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule Of Taxes Payable [Table Text Block]	September 30, 2024 December 31, 2023 US$(’000) US$(’000) (Unaudited) Turnover tax and surcharge payable 1,948 1,264 Enterprise income tax payable 1,280 1,930 Total taxes payable 3,228 3,194
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	Nine Months Ended September 30, Three Months Ended September 30, 2024 2023 2024 2023 US$(’000) US$(’000) US$(’000) US$(’000) (Unaudited) (Unaudited) (Unaudited) (Unaudited) Current - - - - Deferred 4 - - (2 ) Income tax benefit/(expenses) 4 - - (2 )
Schedule Of Deferred Tax Assets [Table Text Block]	September 30, 2024 December 31, 2023 US$(’000) US$(’000) (Unaudited) Tax effect of net operating losses carried forward 11,362 10,745 Operating lease cost - 1 Impairment on long-term investments 105 161 Impairment on intangible assets 571 571 Bad debts provision 1,435 1,226 Valuation allowance (13,063 ) (12,303 ) Deferred tax assets, net 410 401

Note 14 - The Financing and W_2

Note 14 - The Financing and Warrant Liabilities (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Warrant Activity [Table Text Block]	Warrant Outstanding* Warrant Exercisable* Number of underlying shares Weighted Weighted Number of underlying shares Weighted Weighted Balance, January 1, 2024 148,543 0.63 $ 74.00 148,543 0.63 $ 74.00 Granted/Vested - - Expired (148,543 ) (148,543 ) Balance, September 30, 2024 (Unaudited) - - $ - - - $ 74.00

Note 17 - Concentration of Ri_2

Note 17 - Concentration of Risk (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Schedules of Concentration of Risk, by Risk Factor [Table Text Block]	Customer A Customer B Customer C Customer D Customer E Customer F Customer G Nine Months Ended September 30, 2024 Revenues, customer concentration risk - * * - * * * Three Months Ended September 30, 2024 Revenues, customer concentration risk - * * - 27% 28% 28% Nine Months Ended September 30, 2023 Revenues, customer concentration risk * * * 11% - - - Three Months Ended September 30, 2023 Revenues, customer concentration risk * * * 11% - - - As of September 30, 2024 Accounts receivable, customer concentration risk * * * - 19% 20% 42% As of December 31, 2023 Accounts receivable, customer concentration risk 11% 56% 19% - - - - Supplier A Supplier B Supplier C Supplier D Supplier E Nine Months Ended September 30, 2024 Cost of revenues, supplier concentration risk 34% 19% 12% 11% - Three Months Ended September 30, 2024 Cost of revenues, supplier concentration risk * 76% * * - Nine Months Ended September 30, 2023 Cost of revenues, supplier concentration risk 65% - * - 20% Three Months Ended September 30, 2023 Cost of revenues, supplier concentration risk 49% - * - 32%

Note 19 - Segment Reporting (Ta

Note 19 - Segment Reporting (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Internet Ad and related service Ecommerce Blockchain technology Corporate Inter-segment and reconciling item Total US$ (‘000) US$ (‘000) US$ (‘000) US$ (‘000) US$ (‘000) US$ (‘000) Revenues 12,440 - 750 - - 13,190 Cost of revenues 12,104 - 631 - - 12,735 Total operating expenses 926 10 - 2,734 - 3,670 Depreciation and amortization expense included in cost of revenues and total operating expenses 23 - 631 59 - 713 Operating income/(loss) (591 ) (10 ) 119 (2,733 ) - (3,215 ) Impairment on long-term investments - - - (2 ) - (2 ) Gain on disposal of subsidiaries 22 - - 1 - 23 Net income/(loss) (587 ) (9 ) 119 (2,510 ) - (2,987 ) Total assets-September 30, 2024 8,331 148 210 34,211 (31,893 ) 11,007 Total assets-December 31, 2023 7,966 144 841 34,867 (32,585 ) 11,233 Internet Ad and related service Ecommerce Blockchain technology Corporate Inter-segment and reconciling item Total US$ (‘000) US$ (‘000) US$ (‘000) US$ (‘000) US$ (‘000) US$ (‘000) Revenues 3,239 - - - - 3,239 Cost of revenues 2,973 - 211 - - 3,184 Total operating expenses 43 4 - 2,000 - 2,047 Depreciation and amortization expense included in cost of revenues and total operating expenses 7 - 211 19 - 237 Operating income/(loss) 222 (3 ) (211 ) (2,000 ) - (1,992 ) Gain on disposal of subsidiaries 22 - - 1 - 23 Net income/(loss) 241 (2 ) (211 ) (1,933 ) - (1,905 ) Internet Ad and related service Ecommerce Blockchain technology Corporate Inter-segment and reconciling item Total US$ (‘000) US$ (‘000) US$ (‘000) US$ (‘000) US$ (‘000) US$ (‘000) Revenues 25,242 - 75 - - 25,317 Cost of revenues 25,116 - 630 - - 25,746 Total operating expenses 1,063 11 - 2,751 (1) - 3,825 Depreciation and amortization expense included in cost of revenues and total operating expenses 274 - 630 62 - 966 Operating loss (937 ) (11 ) (555 ) (2,751 ) - (4,254 ) Change in fair value of warrant liabilities - - - 185 - 185 Net loss (961 ) (6 ) (556 ) (2,543 ) - (4,066 ) Total assets-September 30, 2023 9,474 142 1,051 36,525 (32,413 ) 14,779 Total assets-December 31, 2022 10,385 156 1,682 39,136 (31,701 ) 19,658 Internet Ad and related service Ecommerce Blockchain technology Corporate Inter-segment and reconciling item Total US$ (‘000) US$ (‘000) US$ (‘000) US$ (‘000) US$ (‘000) US$ (‘000) Revenues 9,156 - 25 - - 9,181 Cost of revenues 8,975 - 210 - - 9,185 Total operating expenses 380 2 - 1,220 (1) - 1,602 Depreciation and amortization expense included in cost of revenues and total operating expenses 90 - 210 21 - 321 Operating loss (199 ) (2 ) (185 ) (1,220 ) - (1,606 ) Change in fair value of warrant liabilities - - - 13 - 13 Net loss (211 ) (1 ) (185 ) (1,123 ) - (1,520 )

Note 20 - Loss Per Share (Table

Note 20 - Loss Per Share (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Nine Months Ended September 30, Three Months Ended September 30, 2024 2023 2024 2023 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Net loss $ (2,987 ) $ (4,066 ) $ (1,905 ) $ (1,520 ) Net (income)/loss attributable to noncontrolling interests from continued operations 7 - (9 ) - Net loss attributable to ZW Data Action Technologies Inc. (numerator for basic and diluted loss per share) $ (2,980 ) $ (4,066 ) $ (1,914 ) $ (1,520 ) Weighted average number of common shares outstanding -Basic and diluted* 1,802,582 1,797,999 1,805,289 1,801,213 Loss per share-Basic and diluted* $ (1.65 ) $ (2.26 ) $ (1.06 ) $ (0.84 )

Note 21 - Share-based Compens_2

Note 21 - Share-based Compensation Expenses (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]	Nine Months Ended September 30, Three Months Ended September 30, 2024 2023 2024 2023 US$(’000) US$(’000) US$(’000) US$(’000) (Unaudited) (Unaudited) (Unaudited) (Unaudited) Sales and marketing expenses - - - - General and administrative expenses 1,642 95 1,642 12 Research and development expenses - - - - Total 1,642 95 1,642 12

Note 2 - Variable Interest En_3

Note 2 - Variable Interest Entities - Consolidated VIEs' Assets and Liabilities (Details) - USD ($) $ in Thousands		Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2022
Cash and cash equivalents		$ 1,123	$ 817
Accounts receivable, net		1,478	844
Prepayment and deposit to suppliers		4,843	4,505
Other current assets, net		2,412	2,794
Total current assets		9,856	8,960
Property and equipment, net		134	215
Deferred tax assets, net		410	401
Total Assets		11,007	11,233	$ 14,779	$ 19,658
Accounts payable	[1]	500	201
Advance from customers	[1]	700	843
Accrued payroll and other accruals	[1]	103	350
Taxes payable	[1]	3,228	3,194
Lease payment liability related to short-term leases *	[1]	101	99
Other current liabilities	[1]	543	144
Total current liabilities		5,981	4,855
Total Liabilities		6,106	4,979
Variable Interest Entity, Primary Beneficiary [Member]
Cash and cash equivalents		82	367
Prepayment and deposit to suppliers		1,971	2,005
Other current assets, net		0	2
Total current assets		2,332	3,218
Property and equipment, net		97	139
Deferred tax assets, net		410	401
Total Assets		2,839	3,758
Accounts payable		230	201
Advance from customers		700	843
Accrued payroll and other accruals		18	37
Taxes payable		2,586	2,555
Lease payment liability related to short-term leases *		101	99
Other current liabilities		506	56
Total current liabilities		4,141	3,791
Total Liabilities		4,141	3,791
Variable Interest Entity, Primary Beneficiary [Member] | Nonrelated Party [Member]
Accounts receivable, net		$ 279	$ 844
[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		6 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenues	$ 3,239	$ 9,181			$ 13,190	$ 25,317
Cost of revenues	(3,184)	(9,185)			(12,735)	(25,746)
Total operating expenses	2,047	1,602			3,670	3,825
Net loss	(1,905)	(1,520)	$ (1,082)	$ (2,546)	(2,987)	(4,066)
Variable Interest Entity, Primary Beneficiary [Member]
Revenues	539	9,157			9,740	25,098
Cost of revenues	(543)	(8,975)			(9,674)	(25,023)
Total operating expenses	(92)	(436)			(1,204)	(1,179)
Net loss	$ (100)	$ (259)			$ (1,167)	$ (1,326)

Note 3 - Liquidity and Capita_2

Note 3 - Liquidity and Capital Resources (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Operating Income (Loss)	$ (1,992)	$ (1,606)	$ (3,215)	$ (4,254)
Net Cash Provided by (Used in) Operating Activities			(1,228)	(1,536)
Cash and cash equivalents	1,123		1,123		$ 817
Working Capital	3,880		3,880		$ 4,110
Revenues	$ 3,239	$ 9,181	13,190	$ 25,317
Blockchain-based SaaS services [Member]
Revenues			$ 750

Note 4 - Summary of Significa_3

Note 4 - Summary of Significant Accounting Policies (Details Textual) $ / shares in Units, $ in Thousands	Sep. 30, 2024 USD ($) $ / shares shares	Sep. 29, 2024 shares	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($) $ / shares shares	Sep. 30, 2023 USD ($)	Jun. 30, 2023 USD ($)	Jan. 01, 2023 USD ($)	Dec. 31, 2022 USD ($)
Retained Earnings (Accumulated Deficit)	$ (62,670)			$ (59,690)
Accounts Receivable, Allowance for Credit Loss	4,839		$ 4,657	3,987	$ 3,943	$ 3,715		$ 3,760
Financing Receivable, Allowance for Credit Loss	$ 1,524		1,512	$ 1,559	$ 1,867	1,187		617
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares	$ 0.001			$ 0.001
Common Stock, Shares Authorized (in shares) | shares	12,500,000	50,000,000		12,500,000
Stock Issued During Period, Fractional Shares, Reverse Stock Splits (in shares) | shares	0
Common Stock, Shares, Issued (in shares) | shares	2,176,213	8,704,506		1,801,213
Reverse Stock Split [Member]
Stockholders' Equity Note, Stock Split, Conversion Ratio	4
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Retained Earnings (Accumulated Deficit)							$ (190)
Accounts Receivable, Allowance for Credit Loss			0	$ 0		0	40	36
Financing Receivable, Allowance for Credit Loss			$ 0	$ 0		$ 0	$ 150	$ 155

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		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Balance sheet items, except for equity accounts	7.0074		7.0074		7.0827
Items in the statements of operations and comprehensive loss	7.1169	7.1649	7.1092	7.0148

Note 4 - Summary of Significa_5

Note 4 - Summary of Significant Accounting Policies - Allowance for Credit Loss (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Balance	$ 4,657	$ 3,715	$ 3,987	$ 3,760
Balance	1,512	1,187	1,559	617
Provision for/(reverse of) credit loss during the period	106	212	800	252
Provision for/(reverse of) credit loss during the period	12	680	(35)	1,095
Written off during the period	0	0	0	0
Written off during the period	0	0	0	0
Exchange translation adjustments	76	16	52	(105)
Exchange translation adjustments	0	0	0	0
Balance as of end of the period	4,839	3,943	4,839	3,943
Balance	1,524	1,867	1,524	1,867
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Balance	0	0	0	36
Balance	$ 0	$ 0	$ 0	$ 155

Note 4 - Summary of Significa_6

Note 4 - Summary of Significant Accounting Policies - Summary of Assets and Liabilities Measured at Fair Value (Details) - Fair Value, Recurring [Member] - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Warrant liabilities (Note 14)	$ 0	$ 0
Fair Value, Inputs, Level 1 [Member]
Warrant liabilities (Note 14)	0	0
Fair Value, Inputs, Level 2 [Member]
Warrant liabilities (Note 14)	0	0
Fair Value, Inputs, Level 3 [Member]
Warrant liabilities (Note 14)	$ 0	$ 0

Note 4 - Summary of Significa_7

Note 4 - Summary of Significant Accounting Policies - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenues	$ 3,239	$ 9,181	$ 13,190	$ 25,317
Transferred over Time [Member]
Revenues	3,239	9,156	12,440	25,242
Transferred at Point in Time [Member]
Revenues	0	25	750	75
Search Engine Marketing and Data Service [Member]
Revenues	3,239	9,011	12,440	24,815
Online Advertising Placement [Member]
Revenues	0	145	0	427
Blockchain-based SaaS services [Member]
Revenues	$ 0	$ 25	$ 750	$ 75

Note 4 - Summary of Significa_8

Note 4 - Summary of Significant Accounting Policies - Contract Liabilities (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($)
Balance	$ 843
Exchange translation adjustment	9
Revenue recognized from beginning contract liability balances	(469)
Advances received from customers related to unsatisfied performance obligations	317
Balance	$ 700

Note 4 - Summary of Significa_9

Note 4 - Summary of Significant Accounting Policies - Operating Lease Expenses and Supplemental Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Long-term operating lease contracts	$ 0	$ 125	$ 22	$ 386
Operating cash flows used for operating leases (US$’000)			25	$ 409
Weighted-average remaining lease term (years) (Year)		5 years 5 months 1 day		5 years 5 months 1 day
Short-term operating lease contracts	$ 4	$ 9	$ 34	$ 23
Weighted-average discount rate	0%	6%	0%	6%
Total	$ 4	$ 134	$ 56	$ 409

Note 5 - Accounts Receivable,_3

Note 5 - Accounts Receivable, Net (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Provision for/(reverse of) credit loss during the period	$ 106	$ 212	$ 800	$ 252

Note 5 - Accounts Receivable,_4

Note 5 - Accounts Receivable, Net - Accounts Receivable, Net (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2022
Accounts receivable	$ 6,317	$ 4,831
Allowance for credit loss	(4,839)	(3,987)	$ (4,839)	$ (3,987)
Accounts receivable, net	$ 1,478	$ 844

Note 6 - Prepayment and Depos_3

Note 6 - Prepayment and Deposit to Suppliers - Prepayments and Deposit to Suppliers (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Prepayment and deposit to suppliers	$ 4,843	$ 4,505
Deposits to TV Ad and Internet Ad Resources Providers [Member]
Prepayment and deposit to suppliers	915	911
Prepayment to TV Ad and Internet Ad Resources Providers [Member]
Prepayment and deposit to suppliers	3,027	3,136
Deposits and Prepayments for Potential Investing Contracts [Member]
Prepayment and deposit to suppliers	403	0
Other Deposits and Prepayments [Member]
Prepayment and deposit to suppliers	$ 498	$ 458

Note 7 - Other Current Assets_2

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

1 Months Ended

3 Months Ended

4 Months Ended

5 Months Ended

9 Months Ended

May 29, 2024

Apr. 25, 2022

Mar. 31, 2022

Jul. 31, 2023

May 31, 2023

Mar. 31, 2021

Sep. 30, 2024

Jun. 30, 2024

Apr. 30, 2022

Feb. 28, 2023

Sep. 30, 2024

Dec. 31, 2023

Sep. 30, 2023

Jun. 30, 2023

Jan. 11, 2023

Dec. 31, 2022

Jun. 30, 2022

May 01, 2022

Jan. 05, 2022

Financing Receivable, before Allowance for Credit Loss, Current

$ 3,606

$ 3,606

$ 4,097

Financing Receivable, Allowance for Credit Loss

1,524

$ 1,512

1,524

$ 1,559

$ 1,867

$ 1,187

$ 617

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 Collection of Notes Receivable

$ 130

Proceeds from Interest Received

60

$ 20

$ 20

$ 50

Proceeds from Loans Principal Amount

$ 70

Second Loan to Unrelated Party [Member]

Financing Receivable, before Allowance for Credit Loss, Current

$ 2,000

Loans Receivable, Interest Rate, Stated Percentage

12%

Proceeds from Collection of Notes Receivable

770

Proceeds from Interest Received

350

Proceeds from Loans Principal Amount

$ 420

Allowance for Credit Loss on Short Term Loans

10

40

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, Modified, 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

$ 620

$ 620

Note 7 - Other Current Assets,

Note 7 - Other Current Assets, Net - Summary of Other Current Assets, Net (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Consideration receivable related to sales of equity interest in an investee entity	$ 250	$ 0
Short-term loans to unrelated parties	3,606	4,097
Short-term loans interest receivables	73	250
Staff advances for business operations	7	5
Total other current assets	3,936	4,352
Allowance for credit loss	(1,524)	(1,558)
Other current assets, net	$ 2,412	$ 2,794

Note 8 - Long-term Investment_2

Note 8 - Long-term Investments (Details Textual) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
	May 27, 2024	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Jun. 30, 2023
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount		$ 0	$ (2)	$ 2	$ 207
New Business Holdings Limited [Member]
Equity Method Investment, Percentage Sold	7.69%
Proceeds from Sale of Equity Method Investments	$ 400
New Business Holdings Limited [Member]
Equity Securities Without Readily Determinable Fair Value, Percent		7.69%		7.69%
Guangdong Yong Fu Xiang Health Management Co., Ltd (Yong Fu Xiang) [Member]
Equity Securities Without Readily Determinable Fair Value, Percent		9.90%		9.90%
Wuhan Ju Liang [Member]
Equity Securities Without Readily Determinable Fair Value, Percent		9.90%		9.90%		9.90%

Note 8 - Long-term Investment_3

Note 8 - Long-term Investments - Summary of Long-term Investments (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($)
Balance	$ 794
Exchange translation adjustment	0
Cash investments during the year	2
Disposed during the year	(397)
Impairment losses provided during the year	(2)
Balance	$ 397

Note 9 - Property and Equipme_3

Note 9 - Property and Equipment, Net (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Depreciation	$ 20	$ 20	$ 80	$ 70

Note 9 - Property and Equipme_4

Note 9 - Property and Equipment, Net - Property and Equipment, Net (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Property and equipment, gross	$ 2,069	$ 2,119
Less: accumulated depreciation	(1,935)	(1,904)
Property and equipment, net	134	215
Vehicles [Member]
Property and equipment, gross	453	520
Office Equipment [Member]
Property and equipment, gross	855	846
Electronic Devices [Member]
Property and equipment, gross	577	571
Leasehold Improvements [Member]
Property and equipment, gross	$ 184	$ 182

Note 10 - Intangible Assets, _3

Note 10 - Intangible Assets, Net (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Amortization of Intangible Assets	$ 210	$ 300	$ 630	$ 900
Finite-Lived Intangible Asset, Useful Life (Year)	3 months		3 months
Finite-Lived Intangible Asset, Expected Amortization, Remainder of Fiscal Year	$ 210		$ 210

Note 10 - Intangible Assets, _4

Note 10 - Intangible Assets, Net - Intangible Assets, Net (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Gross carrying value	$ 9,680	$ 9,663
Accumulated amortization	(5,720)	(5,078)
Impairment	(3,750)	(3,744)
Intangible assets, net	210	841
Cloud-Computing Based Software Platforms [Member]
Gross carrying value	1,325	1,311
Accumulated amortization	(919)	(909)
Impairment	(406)	(402)
Intangible assets, net	0	0
Licensing Agreements [Member]
Gross carrying value	1,204	1,204
Accumulated amortization	(496)	(496)
Impairment	(708)	(708)
Intangible assets, net	0	0
Internet Ad Tracking System [Member]
Gross carrying value	1,160	1,160
Accumulated amortization	(637)	(637)
Impairment	(523)	(523)
Intangible assets, net	0	0
Livestreaming Technology [Member]
Gross carrying value	1,500	1,500
Accumulated amortization	(625)	(625)
Impairment	(875)	(875)
Intangible assets, net	0	0
Blockchain Integrated Framework Platform [Member]
Gross carrying value	4,038	4,038
Accumulated amortization	(2,818)	(2,187)
Impairment	(1,010)	(1,010)
Intangible assets, net	210	841
Bo!News Application [Member]
Gross carrying value	342	339
Accumulated amortization	(114)	(113)
Impairment	(228)	(226)
Intangible assets, net	0	0
Other Computer Software [Member]
Gross carrying value	111	111
Accumulated amortization	(111)	(111)
Impairment	0	0
Intangible assets, net	$ 0	$ 0

Note 10 - Intangible Assets, _5

Note 10 - Intangible Assets, Net - Intangible Assets, Net (Details) (Parentheticals)	Sep. 30, 2024	Dec. 31, 2023
Finite-Lived Intangible Asset, Useful Life (Year)	3 months
Cloud-Computing Based Software Platforms [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	10 years	10 years
Licensing Agreements [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	10 years	10 years
Internet Ad Tracking System [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	5 years	5 years
Livestreaming Technology [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	5 years	5 years
Blockchain Integrated Framework Platform [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	3 years	3 years
Bo!News Application [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	3 years	3 years
Other Computer Software [Member]
Finite-Lived Intangible Asset, 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		Sep. 30, 2024	Dec. 31, 2023
Accrued payroll and other accruals *	[1]	$ 103	$ 350
Accrued Payroll and Staff Welfare [Member]
Accrued payroll and other accruals *		18	67
Accrued Operating Expenses [Member]
Accrued payroll and other accruals *		$ 85	$ 283
[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		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Operating Loss Carryforwards	$ 34,600		$ 34,600		$ 32,700
Operating Loss Carryforwards, Taxable Income Deduction Limitations	80%		80%
Deferred Tax Assets, Valuation Allowance	$ 13,063		$ 13,063		12,303
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	420	$ 350	720	$ 910
PRC Subsidiary And VIE's [Member]
Operating Loss Carryforwards	$ 11,600		$ 11,600		$ 10,600

Note 12 - Taxation - Schedule o

Note 12 - Taxation - Schedule of Taxes Payable (Details) - USD ($) $ in Thousands		Sep. 30, 2024	Dec. 31, 2023
Turnover tax and surcharge payable		$ 1,948	$ 1,264
Enterprise income tax payable		1,280	1,930
Total taxes payable	[1]	$ 3,228	$ 3,194
[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		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Current	$ 0	$ 0	$ 0	$ 0
Deferred	0	(2)	4	0
Income tax benefit/(expenses)	$ 0	$ (2)	$ 4	$ 0

Note 12 - Taxation - Deferred T

Note 12 - Taxation - Deferred Tax Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Tax effect of net operating losses carried forward	$ 11,362	$ 10,745
Operating lease cost	0	1
Impairment on long-term investments	105	161
Impairment on intangible assets	571	571
Bad debts provision	1,435	1,226
Valuation allowance	(13,063)	(12,303)
Deferred tax assets, net	$ 410	$ 401

Note 14 - The Financing and W_3

Note 14 - The Financing and Warrant Liabilities (Details Textual) $ in Thousands		3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)
Fair Value Adjustment of Warrants		$ 0	$ (13)	$ 0	$ (185)
Reverse Stock Split [Member]
Stockholders' Equity Note, Stock Split, Conversion Ratio	4

Note 14 - Warrant Liabilities -

Note 14 - Warrant Liabilities - Warrant Activity (Details)	9 Months Ended
	Sep. 30, 2024 $ / shares shares
Balance (in shares)	148,543	[1]
Balance, weighted average remaining contractual life (Year)	7 months 17 days	[1]
Weighted average exercise price (in dollars per share) | $ / shares	$ 74	[1]
Exercisable (in shares)	148,543	[1]
Exercisable, weighted average remaining contractual life (Year)	7 months 17 days	[1]
Exercisable, weighted average exercise price (in dollars per share) | $ / shares	$ 74	[1]
Granted/Vested (in shares)	0
Expired (in shares)	(148,543)
Balance (in shares)	0
Weighted average exercise price (in dollars per share) | $ / shares	$ 0
Exercisable (in shares)	0
Exercisable, weighted average exercise price (in dollars per share) | $ / shares	$ 74
[1]*Retrospectively restated for effect of the 1-for-4 reverse stock split effective on September 30, 2024, see Note 4(g).

Note 15 - Restricted Net Asse_2

Note 15 - Restricted Net Assets (Details Textual) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Amount of Restricted Net Assets for Consolidated and Unconsolidated Subsidiaries	$ 13,260	$ 13,410
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		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Defined Contribution Plan, Cost	$ 20	$ 40	$ 70	$ 120

Note 17 - Concentration of Ri_3

Note 17 - Concentration of Risk (Details Textual) - Geographic Concentration Risk [Member] - Cash and Cash Equivalents [Member]	9 Months Ended
	Sep. 30, 2024
CHINA
Concentration Risk, Percentage	81%
UNITED STATES
Concentration Risk, Percentage	19%

Note 17 - Concentration of Ri_4

Note 17 - Concentration of Risk - Company's Concentration of Customers and Suppliers (Details)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Cost Of Sales Total [Member] | Supplier Concentration Risk [Member] | Supplier A [Member]
Revenues, customer concentration risk		49%	34%	65%
Cost Of Sales Total [Member] | Supplier Concentration Risk [Member] | Supplier B [Member]
Revenues, customer concentration risk	76%		19%
Cost Of Sales Total [Member] | Supplier Concentration Risk [Member] | Supplier C [Member]
Revenues, customer concentration risk			12%
Cost Of Sales Total [Member] | Supplier Concentration Risk [Member] | Supplier D [Member]
Revenues, customer concentration risk			11%
Cost Of Sales Total [Member] | Supplier Concentration Risk [Member] | Supplier E [Member]
Revenues, customer concentration risk		32%		20%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Customer E [Member]
Revenues, customer concentration risk	27%	0%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Customer F [Member]
Revenues, customer concentration risk	28%	0%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Customer G [Member]
Revenues, customer concentration risk	28%	0%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Customer D [Member]
Revenues, customer concentration risk		11%		11%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer E [Member]
Revenues, customer concentration risk			19%		0%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer F [Member]
Revenues, customer concentration risk			20%		0%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer G [Member]
Revenues, customer concentration risk			42%		0%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer D [Member]
Revenues, customer concentration risk			0%		0%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer A [Member]
Revenues, customer concentration risk					11%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer B [Member]
Revenues, customer concentration risk					56%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer C [Member]
Revenues, customer concentration risk					19%

Note 18 - Commitments and Con_2

Note 18 - Commitments and Contingencies (Details Textual) ¥ in Thousands, $ in Thousands	Sep. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2023 CNY (¥)
Equity Securities without Readily Determinable Fair Value, Amount	$ 397	$ 794
Wuhan Ju Liang [Member]
Equity Securities Without Readily Determinable Fair Value, Percent	9.90%		9.90%	9.90%
Equity Securities without Readily Determinable Fair Value, Amount			$ 140	¥ 990

Note 19 - Segment Reporting - S

Note 19 - Segment Reporting - Summary of Segment Reporting Information (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023		Jun. 30, 2024	Jun. 30, 2023	Sep. 30, 2024	Sep. 30, 2023		Dec. 31, 2023	Dec. 31, 2022
Revenues	$ 3,239	$ 9,181				$ 13,190	$ 25,317
Cost of revenues	3,184	9,185				12,735	25,746
Total operating expenses	2,047	1,602				3,670	3,825
Depreciation and amortization expense included in cost of revenues and total operating expenses	237					713
Depreciation and amortization expense included in cost of revenues and total operating expenses		321					966
Operating income/(loss)	(1,992)	(1,606)				(3,215)	(4,254)
Impairment on long-term investment	0	2				(2)	(207)
Gain on disposal of subsidiaries	23	0				23	0
Change in fair value of warrant liabilities	0	13				0	185
Net loss	(1,905)	(1,520)		$ (1,082)	$ (2,546)	(2,987)	(4,066)
Total assets	11,007	14,779				11,007	14,779		$ 11,233	$ 19,658
Operating Segments [Member] | Internet Ad [Member]
Revenues	3,239	9,156				12,440	25,242
Cost of revenues	2,973	8,975				12,104	25,116
Total operating expenses	43	380				926	1,063
Depreciation and amortization expense included in cost of revenues and total operating expenses	7					23
Depreciation and amortization expense included in cost of revenues and total operating expenses		90					274
Operating income/(loss)	222	(199)				(591)	(937)
Impairment on long-term investment						0
Gain on disposal of subsidiaries	22					22
Change in fair value of warrant liabilities		0					0
Net loss	241	(211)				(587)	(961)
Total assets	8,331	9,474				8,331	9,474		7,966	10,385
Operating Segments [Member] | Ecommerce O2O Ad and Marketing Services [Member]
Revenues	0	0				0	0
Cost of revenues	0	0				0	0
Total operating expenses	4	2				10	11
Depreciation and amortization expense included in cost of revenues and total operating expenses	0					0
Depreciation and amortization expense included in cost of revenues and total operating expenses		0					0
Operating income/(loss)	(3)	(2)				(10)	(11)
Impairment on long-term investment						0
Gain on disposal of subsidiaries	0					0
Change in fair value of warrant liabilities		0					0
Net loss	(2)	(1)				(9)	(6)
Total assets	148	142				148	142		144	156
Operating Segments [Member] | Blockchain Technology [Member]
Revenues	0	25				750	75
Cost of revenues	211	210				631	630
Total operating expenses	0	0				0	0
Depreciation and amortization expense included in cost of revenues and total operating expenses	211					631
Depreciation and amortization expense included in cost of revenues and total operating expenses		210					630
Operating income/(loss)	(211)	(185)				119	(555)
Impairment on long-term investment						0
Gain on disposal of subsidiaries	0					0
Change in fair value of warrant liabilities		0					0
Net loss	(211)	(185)				119	(556)
Total assets	210	1,051				210	1,051		841	1,682
Segment Reporting, Reconciling Item, Corporate Nonsegment [Member]
Revenues	0	0				0	0
Cost of revenues	0	0				0	0
Total operating expenses	2,000	1,220	[1]			2,734	2,751	[2]
Depreciation and amortization expense included in cost of revenues and total operating expenses	19					59
Depreciation and amortization expense included in cost of revenues and total operating expenses		21					62
Operating income/(loss)	(2,000)	(1,220)				(2,733)	(2,751)
Impairment on long-term investment						(2)
Gain on disposal of subsidiaries	1					1
Change in fair value of warrant liabilities		13					185
Net loss	(1,933)	(1,123)				(2,510)	(2,543)
Total assets	34,211	36,525				34,211	36,525		34,867	39,136
Intersegment Eliminations [Member]
Revenues	0	0				0	0
Cost of revenues	0	0				0	0
Total operating expenses	0	0				0	0
Depreciation and amortization expense included in cost of revenues and total operating expenses	0					0
Depreciation and amortization expense included in cost of revenues and total operating expenses		0					0
Operating income/(loss)	0	0				0	0
Impairment on long-term investment						0
Gain on disposal of subsidiaries	0
Change in fair value of warrant liabilities		0					0
Net loss	0	0				0	0
Total assets	$ (31,893)	$ (32,413)				$ (31,893)	$ (32,413)		$ (32,585)	$ (31,701)
[1]Including approximately US$0.01 million share-based compensation expenses.[2]Including approximately US$0.10 million share-based compensation expenses.

Note 20 - Loss Per Share (Detai

Note 20 - Loss Per Share (Details Textual)	Sep. 30, 2024
Reverse Stock Split [Member]
Stockholders' Equity Note, Stock Split, Conversion Ratio	4

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		6 Months Ended		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Net loss		$ (1,905)	$ (1,520)	$ (1,082)	$ (2,546)	$ (2,987)	$ (4,066)
Net loss attributable to noncontrolling interests		(9)	0			7	0
Net loss attributable to ZW Data Action Technologies Inc. (numerator for basic and diluted loss per share)		$ (1,914)	$ (1,520)			$ (2,980)	$ (4,066)
Weighted average number of common shares outstanding -Basic and diluted* (in shares)	[1],[2]	1,805,289	1,801,213			1,802,582	1,797,999
Loss per share-Basic and diluted* (in dollars per share)	[1],[2]	$ (1.06)	$ (0.84)			$ (1.65)	$ (2.26)
[1]* Retrospectively restated for effect of the 1-for-4 reverse stock split effective on September 30, 2024, see Note 4(g).[2]**Retrospectively restated for effect of the 1-for-4 reverse stock split effective on September 30, 2024, see Note 4(g).

Note 21 - Share-based Compens_3

Note 21 - Share-based Compensation Expenses (Details Textual) - USD ($) $ / shares in Units, $ in Thousands		1 Months Ended			3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2024	Apr. 30, 2023	Jun. 30, 2022	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Share-Based Payment Arrangement, Expense					$ 1,642	$ 12	$ 1,642	$ 95
Restricted Stock [Member] | Management Consulting and Advisory Service Providers [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)				80,000
Share-Based Payment Arrangement, Expense						0		60
Shares Issued, Price Per Share				$ 1.75
Issuance of Stock and Warrants for Services or Claims				$ 140
The 2023 Omnibus Securities and Incentives Plan [Member] | Restricted Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)		375,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share)	$ 4.4
Share-Based Payment Arrangement, Expense					$ 1,640		$ 1,640
The 2020 Omnibus Securities and Incentive Plan, Second Issuance [Member] | Restricted Stock [Member] | Director [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)			0.03
Share-Based Payment Arrangement, Expense						$ 20		$ 40
Shares Issued, Price Per Share			$ 1.65

Note 21 - Share-based Compens_4

Note 21 - Share-based Compensation Expenses - Share-based Compensation Expenses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Share-based Compensation expenses	$ 1,642	$ 12	$ 1,642	$ 95
Selling and Marketing Expense [Member]
Share-based Compensation expenses	0	0	0	0
General and Administrative Expense [Member]
Share-based Compensation expenses	1,642	12	1,642	95
Research and Development Expense [Member]
Share-based Compensation expenses	$ 0	$ 0	$ 0	$ 0